Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
INVESTMENT COMPANIES
Investment Company Act file number: 811-08629
HARTFORD SERIES FUND, INC.
(Exact name of registrant as specified in charter)
P. O. Box 2999, Hartford, Connecticut 06104-2999
(Address of Principal Executive Offices)
(Address of Principal Executive Offices)
Edward P. Macdonald, Esquire
Life Law Unit
The Hartford Financial Services Group, Inc.
200 Hopmeadow Street
Simsbury, Connecticut 06089
(Name and Address of Agent for Service)
Life Law Unit
The Hartford Financial Services Group, Inc.
200 Hopmeadow Street
Simsbury, Connecticut 06089
(Name and Address of Agent for Service)
Registrant’s telephone number, including area code: (860) 843-9934
Date of fiscal year end: December 31st
Date of reporting period: January 1, 2009 — June 30, 2009
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
TABLE OF CONTENTS
Table of Contents
Item 1. Reports to Stockholders.
Table of Contents
Hartford Series Fund, Inc. Hartford HLS Series Fund II, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Hartford Series Fund, Inc.
Hartford HLS Series Fund II, Inc.
Table of Contents
Manager Discussions (Unaudited) | 1 | |
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. Financial Statements: | ||
Schedule of Investments as of June 30, 2009 (Unaudited): | ||
Hartford Advisers HLS Fund | 61 | |
Hartford Capital Appreciation HLS Fund | 67 | |
Hartford Disciplined Equity HLS Fund | 73 | |
Hartford Dividend and Growth HLS Fund | 76 | |
Hartford Equity Income HLS Fund | 79 | |
Hartford Fundamental Growth HLS Fund | 81 | |
Hartford Global Advisers HLS Fund | 83 | |
Hartford Global Equity HLS Fund | 90 | |
Hartford Global Growth HLS Fund | 98 | |
Hartford Global Health HLS Fund | 101 | |
Hartford Growth HLS Fund | 103 | |
Hartford Growth Opportunities HLS Fund | 105 | |
Hartford High Yield HLS Fund | 108 | |
Hartford Index HLS Fund | 114 | |
Hartford International Growth HLS Fund | 120 | |
Hartford International Opportunities HLS Fund | 124 | |
Hartford International Small Company HLS Fund | 127 | |
Hartford LargeCap Growth HLS Fund | 131 | |
Hartford MidCap HLS Fund | 134 | |
Hartford MidCap Growth HLS Fund | 137 | |
Hartford MidCap Value HLS Fund | 140 | |
Hartford Money Market HLS Fund | 143 | |
Hartford Small Company HLS Fund | 146 | |
Hartford SmallCap Growth HLS Fund | 151 | |
Hartford SmallCap Value HLS Fund | 156 | |
Hartford Stock HLS Fund | 163 | |
Hartford Total Return Bond HLS Fund | 166 | |
Hartford U.S. Government Securities HLS Fund | 177 | |
Hartford Value HLS Fund | 181 | |
Hartford Value Opportunities HLS Fund | 183 | |
Statements of Assets and Liabilities as of June 30, 2009 (Unaudited) | 186 | |
Statements of Operations for the Six-Month Period Ended June 30, 2009 (Unaudited) | 192 | |
Statements of Changes in Net Assets for the Six-Month Period Ended June 30, 2009 (Unaudited) and for the Year Ended December 31, 2008 | 198 | |
Notes to Financial Statements (Unaudited) | 208 | |
Financial Highlights (Unaudited) | 237 | |
Directors and Officers (Unaudited) | 247 | |
How to Obtain a Copy of the Funds’ Proxy Voting Policies and Proxy Voting Records (Unaudited) | 249 | |
Quarterly Portfolio Holdings Information (Unaudited) | 249 | |
Expense Example (Unaudited) | 250 | |
Approval of Amended and Restated Investment Sub-Advisory Agreement (Unaudited) | 252 | |
This report is prepared for the general information of contract owners and qualified retirement plan participants. It is not an offer of contracts or of qualified retirement plans. It should not be used in connection with any offer, except in conjunction with the appropriate prospectus which contains all pertinent information including the applicable sales, administrative and other charges. | ||
The views expressed in each Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of the Fund’s subadvisers and portfolio management team through the end of the period and are subject to change based on market and other conditions. |
Table of Contents
Hartford Advisers HLS Fund inception 3/31/1983
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649002.gif)
Barclays Capital Government/Credit Bond Index is an unmanaged index comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. The 1-3 Year Government/Credit Index includes securities in the 1-3 year maturity range in the Government/Credit Index.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks maximum long-term total return.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Advisers IA | -17.20 | % | -0.55 | % | -0.16 | % | ||||||
Advisers IB | -17.41 | % | -0.80 | % | -0.39 | % | ||||||
Barclays Capital Government/ Credit Bond Index | 5.26 | % | 4.80 | % | 5.95 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Steven T. Irons, CFA | John C. Keogh | Peter I. Higgins, CFA | Christopher L. Gootkind, CFA | |||
Senior Vice President, Partner | Senior Vice President, Partner | Senior Vice President | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Advisers Fund returned 9.60%, for the six-month period ended June 30, 2009, versus the returns of 3.16% for the S&P 500 Index, 0.55% for the Barclays Capital Government/Credit Bond Index and 5.94% for the average fund in the Lipper Mixed-Asset Target Allocation Growth VP-UF Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead year-to-date at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Federal government stimulus continued with the passing of the $787 billion stimulus package, release of the remaining Troubled Asset Relief Program (TARP) funds, launch and expansion of the Term Asset-Backed Securities Loan Facility (TALF), and introduction of the Public-Private Investment Program (PPIP). Financial institutions regained access to unsecured credit and equity markets and raised capital following positive earnings surprises in the banking sector and better-than-anticipated stress test results. The improvement in risk appetite, combined with growing concerns over the supply
1 |
Table of Contents
of debt necessary to finance the myriad of government programs, drove Treasury yields higher during the period.
Equity markets as measured by the S&P 500 Index returned 3.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+14%) and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses. The bond market, as measured by the Barclays Capital Government/Credit Bond Index, returned +0.6% during the period. All risk segments of the fixed income market outperformed duration-equivalent Treasuries for the period.
The Fund has three primary levers to generate investment performance: equity investments, fixed income investments, and asset allocation among stocks, bonds, and cash. During the period, the equity portion and the fixed income portion of the Fund both outperformed their respective benchmarks. Asset allocation did not meaningfully impact the Fund’s performance during the period, although the Fund was generally overweight (i.e. the Fund’s sector position was greater than the benchmark position) equities relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark.
Equity outperformance versus its benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative performance due to overweight exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Health Care, Utilities, and Telecommunication Services.
Top contributors to relative performance of the equity portion of the Fund during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after the company received a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. Petrol Brasileiros also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the equity portion of the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of U.S. bank Wells Fargo fell early in the period amid concerns over their acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that they might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
The fixed income portion of the Fund outperformed its benchmark for the six month period ended June 30, 2009. The Fund’s allocations to agency mortgage-backed securities (MBS), non-agency MBS, and consumer asset-backed securities (ABS), an overweight to the corporate bond sector, and security selection within the corporate bond sector were all additive to relative results. Modestly detracting from performance was the Fund’s allocation to commercial mortgage-backed securities (CMBS). In February and March we exited the Fund’s last remaining CMBS positions. During the six-month period, the initiation and expansion of the Fed’s purchase program for agency MBS led to material spread tightening (i.e. short and long term interest rates moving closer together) and the outperformance of this sector. Improved liquidity and the expansion of TALF/PPIP to include non-agency MBS that were AAA-rated at origination resulted in the outperformance of these assets as well. Consumer ABS, including credit card and auto deals, outperformed as banks took actions to support their credit card trusts and TALF-related demand grew. The Fund’s allocations to these sectors were positive contributors to performance. An overweight to corporate bonds was also additive. In addition the Fund was positioned with an overweight to corporate debt issued by financial institutions, including banks, insurance companies, and REITS. Better-than-expected earnings and stress test results for the banks, the extension of TARP capital to insurance companies, and successful capital raises for financial institutions all led to the outperformance of financial issuers.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits.
2 |
Table of Contents
In the midst of this uncertainty, we continue to focus our efforts in the equity portion of the Fund on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
From a fixed income perspective, we believe that signs of a turn in the economy are emerging and that the risks of a severe and prolonged global recession have diminished. Government intervention continues to reduce systemic risk; however, a sluggish housing market and weak employment will remain headwinds. We believe the Fed will maintain its low rate policy and have positioned the Fund with a neutral duration (i.e. a measure of interest-rate sensitivity) posture. Treasury valuations continue to be unattractive and the Fund is positioned with an underweight to the government sector. In the corporate bond market, we believe that default levels implied by pricing are too high and that valuations are attractive. In addition, technical demand trends are also positive. The Fund is positioned with an overweight to the corporate bond sector. Government initiatives continue to focus on the mortgage sector and we maintain a favorable outlook and modest allocation to agency MBS. Lastly, we believe that consumer ABS will be supported by TALF-related demand. The Fund’s exposure consists primarily of senior classes of consumer ABS including credit card and auto deals.
The equity and fixed income managers will continue to work collaboratively to make decisions regarding portfolio weights in stocks, bonds, and cash. As of June 30, 2009, the Fund’s equity exposure was at 67% compared to 60% in its benchmark and at the upper end of the Fund’s 50-70% range.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.3 | % | ||
Banks | 2.4 | |||
Capital Goods | 5.2 | |||
Consumer Cyclical | 0.5 | |||
Consumer Staples | 0.6 | |||
Diversified Financials | 8.1 | |||
Energy | 9.9 | |||
Finance | 9.8 | |||
Food & Staples Retailing | 2.0 | |||
Food, Beverage & Tobacco | 3.9 | |||
General Obligations | 0.3 | |||
Health Care | 0.5 | |||
Health Care Equipment & Services | 2.1 | |||
Household & Personal Products | 0.6 | |||
Insurance | 0.7 | |||
Materials | 0.9 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 6.1 | |||
Real Estate | 0.0 | |||
Retailing | 4.2 | |||
Semiconductors & Semiconductor Equipment | 2.2 | |||
Services | 0.3 | |||
Software & Services | 4.5 | |||
Technology | 1.2 | |||
Technology Hardware & Equipment | 7.0 | |||
Telecommunication Services | 0.8 | |||
Transportation | 2.5 | |||
U.S. Government Agencies | 2.4 | |||
U.S. Government Securities | 11.2 | |||
Utilities | 3.0 | |||
Short-Term Investments | 4.1 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 1.0 | % | ||
Common Stocks | 66.7 | |||
Corporate Bonds: Investment Grade | 13.9 | |||
Corporate Bonds: Non-Investment Grade | 0.1 | |||
Municipal Bonds | 0.4 | |||
U.S. Government Agencies | 2.4 | |||
U.S. Government Securities | 11.2 | |||
Warrants | 0.0 | |||
Short-Term Investments | 4.1 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
3 |
Table of Contents
Hartford Capital Appreciation HLS Fund inception 4/2/1984
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649003.gif)
Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Capital Appreciation IA | -30.94 | % | 1.80 | % | 5.26 | % | ||||||
Capital Appreciation IB | -31.12 | % | 1.55 | % | 5.02 | % | ||||||
Russell 3000 Index | -26.56 | % | -1.84 | % | -1.46 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Saul J. Pannell, CFA | Mario E. Abularach, CFA, CMT | Jeffrey L. Kripke | David W. Palmer, CFA | |||
Senior Vice President, Partner | Vice President | Vice President | Vice President | |||
Nicolas M. Choumenkovitch | Peter I. Higgins, CFA | Paul E. Marrkand, CFA | ||||
Senior Vice President | Senior Vice President | Senior Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Capital Appreciation HLS Fund returned 15.49% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 3000 Index, which returned 4.19% for the same period. The Fund also outperformed the 6.83% return of the average fund in the Lipper Multi-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets rose slightly during the period, but this overall performance masks two significantly different market environments. From the beginning of November through early March, stocks fell sharply reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. From early March through June, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Equity markets as measured by the Russell 3000 Index returned 4.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+15%), and Consumer Discretionary (+13%) posted the largest gains. Financials (-6%), Industrials (-5%), and Telecommunication Services (-2%) experienced the largest losses.
The Fund outperformed its benchmark primarily due to stock selection. Selection was strongest in Energy, Financials, Consumer Discretionary, and Health Care, and weakest in Industrials, Telecommunication Services, and Utilities. Allocation among sectors, a result of the bottom-up stock selection process, also aided relative (i.e. performance of the Fund as measured against the benchmark) performance, largely due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) position in Consumer Staples.
4 |
Table of Contents
Ford (Consumer Discretionary), Goldman Sachs (Financials), and Schering-Plough (Health Care) were among the top contributors to relative and absolute (i.e. total return) returns. Shares of automobile and truck manufacturer Ford rose as the firm reported sequential sales improvements and as the GM bankruptcy filing was viewed as a positive for the company. Shares in U.S. bank holding company and investment bank Goldman Sachs rose due in part to high levels of new stock offerings for underwriters. Shares of Schering-Plough, a global health care company with pharmaceutical, animal health, and consumer products, jumped after it announced a definitive merger agreement with Merck.
The largest detractors from relative returns were ACE (Financials), Apple (Information Technology), Citigroup (Financials), and Delta Airlines (Industrials). Shares of worldwide property and casualty insurance and reinsurance provider ACE fell on concerns about the impact of various government programs on the firm and falling book value. Being underweight consumer electronics company Apple also detracted from benchmark-relative returns. Apple’s share price rose due to expectations of higher earnings estimates from the new iPhone launch and a lower price point on the existing iPhone. Shares of global financial services firm Citigroup fell as fears mounted that the company would require additional capital from the government. Shares in Delta Airlines fell amid a weak economic environment and lower passenger traffic and revenues. Industrial and financial conglomerate General Electric was also a top detractor from absolute results.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research. These bottom-up investment decisions have resulted in overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in the Health Care, Consumer Discretionary, and Financials sectors and underweight exposures to Consumer Staples, Utilities, and Telecommunication Services relative to the Russell 3000 Index. The Fund’s largest absolute positions were in the Health Care, Information Technology, and Financials sectors.
As of June 30, 2009, Saul Pannell managed approximately 56% of the Fund’s net assets.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.9 | % | ||
Banks | 4.0 | |||
Capital Goods | 7.0 | |||
Commercial & Professional Services | 0.2 | |||
Consumer Durables & Apparel | 1.1 | |||
Consumer Services | 1.2 | |||
Diversified Financials | 7.5 | |||
Energy | 12.3 | |||
Finance | 0.5 | |||
Food & Staples Retailing | 0.5 | |||
Food, Beverage & Tobacco | 2.0 | |||
Health Care Equipment & Services | 6.7 | |||
Household & Personal Products | 0.5 | |||
Insurance | 3.8 | |||
Materials | 5.1 | |||
Media | 2.7 | |||
Other Investment Pools and Funds | 0.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 12.6 | |||
Real Estate | 0.7 | |||
Retailing | 3.9 | |||
Semiconductors & Semiconductor Equipment | 1.6 | |||
Software & Services | 6.8 | |||
Technology | 0.0 | |||
Technology Hardware & Equipment | 9.6 | |||
Telecommunication Services | 1.9 | |||
Transportation | 1.9 | |||
Utilities | 0.8 | |||
Short-Term Investments | 1.8 | |||
Other Assets and Liabilities | (0.1 | ) | ||
Total | 100.0 | % | ||
5 |
Table of Contents
Hartford Disciplined Equity HLS Fund inception 5/29/1998
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649004.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Disciplined Equity IA | -25.06 | % | -1.96 | % | -1.66 | % | ||||||
Disciplined Equity IB | -25.25 | % | -2.20 | % | -1.89 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
James A. Rullo, CFA | Mammen Chally, CFA | |
Senior Vice President, Partner | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Disciplined Equity HLS Fund returned 4.81% for the six-month period ended June 30, 2009, outperforming its benchmark, the S&P 500, which returned 3.16% for the same period. The Fund underperformed the 5.23% return of the average fund in the Lipper Large-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence. Within the S&P 500 Index, the Information Technology (+24.9%), Materials (+13.5%), and Consumer Discretionary (+8.7%) sectors posted the largest gains. Industrials (-6.0%), Telecommunication Services
(-3.9%), and Financials (-3.3%) experienced the largest losses.
(-3.9%), and Financials (-3.3%) experienced the largest losses.
The Fund’s relative (i.e. performance of the Fund as measured against the benchmark) outperformance was due largely to stock selection, particularly in the Energy, Financials, and Industrials sectors. This more than offset weaker stock selection in the Information Technology sector. Sector allocation, a fallout of the bottom-up (i.e. stock by stock fundamental research) stock selection process, also proved beneficial. The Fund benefited from an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Information Technology, and underweights (i.e. the Fund’s sector position was less than the benchmark position) to Industrials and Energy, although overweights to Health Care and Utilities detracted from relative results.
Top contributors to relative performance during the period were Wells Fargo (Financials), and Exxon Mobil (Energy). Wells Fargo rose during the second quarter of 2009 as a capital raise helped to secure the company’s financial position and allowed investors to focus on the company’s future earnings power. We added to our position on weakness in the first quarter and
6 |
Table of Contents
trimmed into strength during the second quarter. Shares of Exxon Mobil, the world’s largest publicly traded oil company, underperformed the broader Energy sector as the global economy stabilized and investors emphasized companies with greater leverage to rising oil prices. Our significant underweight position in the stock contributed to relative performance. Relative performance also benefited from not owning General Electric, shares of which fell during the period, as the company cut its dividend and raised loss estimates. Other top absolute (i.e. total return) contributors included Apple (Information Technology) and Schering-Plough (Health Care).
The largest detractors from relative performance were PNC Financial Services (Financials), FirstEnergy (Utilities), and Eli Lilly (Health Care). Shares of banking, asset management, and funds processing services company PNC Financial Services fell on capital adequacy concerns. Shares of FirstEnergy declined, despite a successful Ohio utility rate settlement, because of plummeting industrial demand and much lower-than-expected market prices for their generation assets. Shares of Eli Lilly, a pharmaceutical product developer and manufacturer, fell as investors grew concerned about longer term earnings power following certain patent expirations, as well as concerns that new health care legislation will include price controls which would negatively impact the company’s profits. Other top absolute detractors included General Mills (Consumer Staples) and Amgen (Health Care.)
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research in a disciplined framework to build a portfolio of the most attractive stocks. Sector exposures are residuals from this bottom-up stock selection process. Based on individual stock decisions, the Fund ended the period most overweight the Health Care, Utilities, and Financials sectors and most underweight the Energy, Consumer Discretionary, and Consumer Staples sectors. Our largest absolute exposure was in the Health Care sector. We also increased our exposure to the Industrials sector during the period.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.6 | % | ||
Banks | 4.3 | |||
Capital Goods | 6.8 | |||
Commercial & Professional Services | 0.5 | |||
Consumer Services | 1.3 | |||
Diversified Financials | 4.0 | |||
Energy | 8.8 | |||
Food & Staples Retailing | 3.5 | |||
Food, Beverage & Tobacco | 6.5 | |||
Health Care Equipment & Services | 4.1 | |||
Insurance | 5.1 | |||
Materials | 2.1 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 16.0 | |||
Real Estate | 0.9 | |||
Retailing | 5.0 | |||
Semiconductors & Semiconductor Equipment | 2.5 | |||
Software & Services | 9.3 | |||
Technology Hardware & Equipment | 7.2 | |||
Telecommunication Services | 2.2 | |||
Transportation | 1.4 | |||
Utilities | 6.9 | |||
Short-Term Investments | 0.1 | |||
Other Assets and Liabilities | 0.9 | |||
Total | 100.0 | % | ||
7 |
Table of Contents
Hartford Dividend and Growth HLS Fund inception 3/9/1994
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649005.gif)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks a high level of current income consistent with growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Dividend and Growth IA | -23.75 | % | 0.96 | % | 2.05 | % | ||||||
Dividend and Growth IB | -23.94 | % | 0.70 | % | 1.82 | % | ||||||
Russell 1000 Value Index | -29.03 | % | -2.13 | % | -0.15 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Edward P. Bousa, CFA
Senior Vice President, Partner
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford Dividend and Growth HLS Fund returned 2.70% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16% for the same period. The Fund outperformed the 0.30% return of the average fund in the Lipper Equity Income VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. Overall equity market performance was positive for the period across all market capitalizations. Mid cap stocks (+8.5%) outperformed large caps (+3.2%) and small caps +(2.6%), as represented by the S&P MidCap 400, S&P 500, and Russell 2000 indices respectively. Four of the ten broad sectors within the S&P 500 Index posted positive returns led by Information Technology (+25%) and Materials (+14%). The worst performing sectors were Industrials (-6%) and Telecommunication Services (-4%).
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the S&P 500 Index was due to sector allocation. Specifically, our underweight (i.e. the Fund’s sector position was less than the benchmark position) allocations to the strong-performing Information Technology and Consumer Discretionary sectors and our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in the weaker performing Energy sector detracted. Favorable stock selection in Health Care, Energy, and Financials, more than offset weaker stock selection in the Information Technology and Telecommunication Services sectors.
Detractors from benchmark-relative performance included Apple (Information Technology), Bank of America (Financials), and Capital One (Financials). Consumer electronics company Apple performed well during the period despite slowing consumer
8 |
Table of Contents
trends. The Fund did not hold shares in the company which hurt relative performance, as did not holding shares in Google and QUALCOMM. Shares of diversified banking company Bank of America fell significantly on weakness in their consumer-oriented loan portfolio and due to difficulties surrounding their acquisition of Merrill Lynch. Capital One, a diversified banking company with credit card, automobile, and commercial lending operations, announced disappointing quarterly results and forecast higher credit losses in 2009. The market for Financials has been difficult, especially for credit card stocks, which faced heightened regulatory scrutiny over rates, fees, and credit lines. We exited our position in Capital One during the period. General Electric (Industrials) was among the top detractors from absolute (i.e. total return) performance.
The Fund’s top contributors to benchmark-relative performance during the period were Schering-Plough (Health Care), Wells Fargo (Financials), and Exxon Mobil (Energy). Pharmaceutical company Schering-Plough benefited from a takeout offer by Merck, driving the share price higher. As shares of U.S. bank Wells Fargo declined throughout late 2008 and early 2009, we were able to purchase the stock at attractive prices. Our underweight position in benchmark component Exxon Mobil contributed to relative performance, as shares of this global integrated oil company fell in response to declining oil prices amid economic weakness. IBM (Information Technology) and Morgan Stanley (Financials) were top among the contributors to absolute performance.
What is the outlook?
We see encouraging economic green shoots globally and expect to see the beginnings of a fairly synchronized global recovery later this year. We believe Asia will likely lead the upturn, spurred by aggressive policies implemented in China. Looking out into 2010, we are worried that there will be renewed cyclical setbacks caused by financial sector and household de-leveraging in the U.S. and Europe, as well as fading policy stimulus. We expect inflation to remain in check over this time period, though uncertainty over the inflationary consequences of the existing large monetary overhang will linger.
Our investment discipline is focused on investing in areas of strong demand and avoiding areas of oversupply. At the end of the period Energy remained our largest overweight in the Fund. The sector remains attractive based upon restricted supply at lower prices and a possible global economic rebound. Financials, still a challenging area, started to stabilize during the quarter and we are now overweight the sector. We maintained our underweight to Consumer Staples, where valuations have become stretched as investors have sought defensive stocks in a down market.
At the end of the period, our largest overweights were to the Energy, Financials, and Industrials sectors, while we remained underweight the Information Technology, Consumer Discretionary, and Consumer Staples sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.4 | % | ||
Banks | 4.4 | |||
Capital Goods | 8.6 | |||
Commercial & Professional Services | 1.6 | |||
Diversified Financials | 6.3 | |||
Energy | 17.1 | |||
Food & Staples Retailing | 1.8 | |||
Food, Beverage & Tobacco | 5.0 | |||
Health Care Equipment & Services | 3.6 | |||
Household & Personal Products | 2.3 | |||
Insurance | 5.1 | |||
Materials | 3.6 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 12.2 | |||
Retailing | 2.1 | |||
Semiconductors & Semiconductor Equipment | 0.8 | |||
Software & Services | 3.4 | |||
Technology Hardware & Equipment | 5.7 | |||
Telecommunication Services | 5.1 | |||
Transportation | 1.4 | |||
Utilities | 5.8 | |||
Short-Term Investments | 1.2 | |||
Other Assets and Liabilities | — | |||
Total | 100.0 | % | ||
9 |
Table of Contents
Hartford Equity Income HLS Fund inception 10/31/2003
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 10/31/03 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649006.gif)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks a high level of current income
consistent with growth of capital.
consistent with growth of capital.
Average Annual Returns (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
Equity Income IA | -21.26 | % | 0.47 | % | 1.79 | % | ||||||
Equity Income IB | -21.45 | % | 0.22 | % | 1.54 | % | ||||||
Russell 1000 Value Index | -29.03 | % | -2.13 | % | 0.08 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
W. Michael Reckmeyer, III, CFA | Karen H. Grimes, CFA | Ian R. Link, CFA | ||
Senior Vice President | Senior Vice President | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Equity Income HLS Fund returned -2.67% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Value Index, which returned -2.87% for the same period. The Fund underperformed the 0.30% return of the average fund in the Lipper Equity Income Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets fell during the period, but this overall decline masks two significantly different market environments. From January through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. Beginning in early March, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Sector returns within the Russell 1000 Value Index diverged widely in this environment, with weakness in Industrials (-13%), Energy
(-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+9%).
(-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+9%).
The Fund outperformed its benchmark due to positive stock selection. Selection was particularly strong within Consumer Staples, Industrials, and Energy, with weaker results in Consumer Discretionary, Financials, and Materials. Allocation among sectors, a fall-out of the bottom-up stock selection process, was essentially neutral during the period.
Among the top contributors to benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns were Microsoft (Information Technology), Nordstrom (Consumer Discretionary), and Citigroup (Financials). Shares of global technology company Microsoft gained when the company announced a quarterly profit drop that was less negative than feared. Nordstrom, an upscale retailer, saw its shares rise on hopes that the economic downturn may be less steep than previously expected. We did not own the downward-trending shares of Citigroup during the period, which benefited relative results as the company is a significant benchmark holding. Top absolute (i.e. total return) contributors for the period also included banking firm Goldman Sachs (Financials).
Bank of America (Financials), ACE (Financials), and Morgan Stanley (Financials) detracted most from relative returns. Shares of diversified bank holding company Bank of America gained on
10 |
Table of Contents
completion of capital raisings, which helped improve confidence in the firm’s balance sheet. We eliminated our position in Bank of America early in the period, then reinstituted a smaller, underweight (i.e. the Fund’s sector position was less than the benchmark position) position later in the period, which detracted from relative returns as the stock rallied off its lows. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline on concerns about falling book value. Shares of global financial services company Morgan Stanley rallied as investment banks benefited from increased volumes and higher profit margins. Relative performance was negatively impacted by not holding a position in Morgan Stanley. Stocks that detracted most from absolute returns included industrial and financial company General Electric (Industrials) and banking firms U.S. Bancorp and Wells Fargo (Financials).
What is the outlook?
As the deterioration in macroeconomic data began to moderate during the first half of the year, investors removed the worst- case Depression scenario from their outlook, propelling stocks higher. Government intervention has helped to stabilize the financial industry, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and greater flexibility for companies to raise both debt and equity financing. While indications of demand side strength remain muted, a pick-up in industrial equipment rental activity in the U.S. and growth from emerging markets provide early indications that demand declines may be moderating. However, rising unemployment and falling home prices foreshadow continued economic challenges ahead. In addition, the current recession is based on a financial contraction, whereas many prior, and shorter, contractions had an imbalance of aggregate supply and demand as their primary source. As our economic system is built on credit, the ultimate path to recovery remains unclear.
In this environment we continue to apply our time-tested philosophy focused on building a portfolio in which expected growth and the dividend yield are better than the market and valuations are lower than the market. Based on bottom-up stock decisions, we ended the period most overweight (i.e. the Fund’s sector position was greater than the benchmark position) the Consumer Staples, Information Technology, and Industrials sectors; our largest underweights were in the Energy, Telecommunications Services, and Financials sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 6.4 | % | ||
Capital Goods | 7.6 | |||
Commercial & Professional Services | 3.2 | |||
Consumer Durables & Apparel | 2.5 | |||
Diversified Financials | 8.2 | |||
Energy | 15.9 | |||
Food & Staples Retailing | 0.8 | |||
Food, Beverage & Tobacco | 8.7 | |||
Household & Personal Products | 1.9 | |||
Insurance | 6.5 | |||
Materials | 2.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.6 | |||
Real Estate | 0.4 | |||
Retailing | 6.0 | |||
Semiconductors & Semiconductor Equipment | 2.7 | |||
Software & Services | 3.5 | |||
Telecommunication Services | 4.2 | |||
Utilities | 7.4 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | (0.4 | ) | ||
Total | 100.0 | % | ||
11 |
Table of Contents
Hartford Fundamental Growth HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649007.gif)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
Fundamental Growth IA | -29.78 | % | -1.38 | % | -0.69% | |||||||
Fundamental Growth IB | -29.95 | % | -1.63 | % | -0.93% | |||||||
Russell 1000 Growth Index | -24.50 | % | -1.83 | % | -2.95% | |||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Francis J. Boggan, CFA
Senior Vice President, Partner
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford Fundamental Growth HLS Fund returned 11.67% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53% for the same period. The Fund underperformed the 12.22% return of the average fund in the Lipper Large-Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun and reacted positively to the efforts of many companies to trim their cost structures and realign their operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined, as measured by the Russell 1000 Growth and Russell 1000 Value Indexes, respectively. Nine of the ten sectors in the Russell 1000 Growth Index had positive returns during the period. The Information Technology (+24.5%), Materials (+15.3%), and Energy (+14.3%) sectors performed best, while Consumer Staples (-0.2%) was the only sector to register a loss.
Security selection detracted from relative (i.e. performance of the Fund as measured against the benchmark) performance during the period, while sector allocation positively contributed to results. Strong stock selection in Energy and Industrials was more than offset by weak selection within Health Care, Telecommunication Services, and Consumer Discretionary. An underweight (i.e. the Fund’s sector position was less than the benchmark position) to Consumer Staples and Industrials and an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Information Technology aided relative results.
12 |
Table of Contents
The three largest contributors to relative performance were Energy holdings Atwood Oceanics, Petrol Brasileiros, and National-Oilwell. Shares of Atwood Oceanics, a provider of offshore drilling services, increased on a rebound in oil prices and improved expectations for rig day rates. The company also reported better-than-expected fiscal second quarter results, beating estimates on both the top and bottom line. Shares of Petrol Brasileiros, a Brazil-based oil and gas exploration and production company, rose after the company reported solid results aided by reduced costs and strong refining earnings. Oilfield services company National-Oilwell’s shares benefited from rising oil prices as investors became increasingly optimistic that the global economy is gaining strength, which may lead to increased demand for drilling. Holdings in consumer electronics company Apple (Information Technology) and leading glass technology company Corning (Information Technology) were also among the top contributors to absolute (i.e. total return) performance.
Top detractors from relative performance during the period included AFLAC (Financials), AT&T (Telecommunication Services) and Barrick Gold (Materials). Insurance company AFLAC’s share price suffered early in the year amid concerns of further deterioration in global financial markets and the company’s investment exposure to global financial institutions. The stock recouped some of its losses later in the period as the company’s cash flow generation and improving asset yields helped to offset concerns surrounding its investment portfolio. U.S. Telecom company AT&T’s shares declined during the period. The company faces increased competition in the low end wireless market and regulation may be more challenging under the new Administration. Shares of Barrick Gold, a mining company focused primarily on the production and sale of gold, declined amid moderating gold prices, as signs of a stabilizing economy weakened investor demand for the safe haven precious metal. Digital wireless communication services provider NII Holdings (Telecommunication Services) and biotechnology company Amgen (Health Care) also detracted from the Fund’s absolute performance.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer spending is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research to construct a diversified portfolio of high-quality growth companies with attractive valuations. As a result of this bottom-up process, we were most overweight the Information Technology sector at the end of the period. We were also overweight the Energy and the Consumer Discretionary sectors. Within Energy we continue to see strong long-term industry fundamentals, solid growth opportunities, and attractive valuations. Within Consumer Discretionary we are beginning to see signs of economic stabilization. At the end of the period we are most underweight Consumer Staples as we believe the sector provides limited opportunities for growth relative to companies in other sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Capital Goods | 9.3 | % | ||
Consumer Durables & Apparel | 3.6 | |||
Consumer Services | 1.3 | |||
Diversified Financials | 2.5 | |||
Energy | 8.9 | |||
Food & Staples Retailing | 4.0 | |||
Food, Beverage & Tobacco | 1.7 | |||
Health Care Equipment & Services | 5.4 | |||
Household & Personal Products | 1.5 | |||
Insurance | 3.6 | |||
Materials | 0.5 | |||
Media | 0.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 8.9 | |||
Retailing | 6.5 | |||
Semiconductors & Semiconductor Equipment | 3.7 | |||
Software & Services | 16.7 | |||
Technology Hardware & Equipment | 18.6 | |||
Transportation | 1.5 | |||
Short-Term Investments | 0.7 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
13 |
Table of Contents
Hartford Global Advisers HLS Fund inception 3/1/1995
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649008.gif)
Barclays Capital Global Aggregate Index USD Hedged provides a broad-based measure of the global investment-grade fixed income markets (the three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices; it also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities).
MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the U.S., Canada, Europe, Australia, New Zealand and the Far East.
Investment goal — Seeks maximum long-term total rate of return.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Global Advisers IA | -22.11 | % | -0.10 | % | 1.82 | % | ||||||
Global Advisers IB | -22.30 | % | -0.35 | % | 1.58 | % | ||||||
Barclays Capital Global Aggregate Index USD Hedged | 7.05 | % | 5.20 | % | 5.61 | % | ||||||
MSCI World Growth Index | -30.59 | % | 0.42 | % | -1.93 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. | |
(3) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Matthew D. Hudson, CFA | Robert L. Evans | Evan S. Grace, CFA | ||
Vice President and Equity | SeniorVice President, Partner, and Fixed | Vice President and Director of | ||
Portfolio Manager | Income Portfolio Manager | Asset Allocation Research | ||
Andrew S. Offit, CPA | Jean-Marc Berteaux | |||
Senior Vice President, Partner | Senior Vice President, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Global Advisers Fund returned 6.56%, for the six-month period ended June 30, 2009, versus the returns of 9.44% for the MSCI World Growth Index, 1.50% for the Barclays Capital Global Aggregate Index USD Hedged and 5.95% for the average fund in the Lipper Global Flexible Portfolio VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Capital markets were volatile during the six-month period ended June 30, 2009. The MSCI World Growth Index returned 9.4% over the six months. However, during the first part of the period global equities declined significantly amid increasing signs of a deeper and more protracted recession. They then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery.
14 |
Table of Contents
Performance among sectors varied considerably as Materials, Information Technology, Energy, and Financials posted double-digit positive returns, while Utilities posted negative results for the six-month period.
As the global economy demonstrated signs of stabilization, non-Treasury fixed income markets rebounded. After struggling through the closing months of 2008, non-Treasury sectors led the way during the first half of 2009. Risk appetite picked up sharply and lower-quality market segments performed particularly well. Treasuries lagged in this environment as global rates rose and yield curves generally steepened (i.e. short and long term interest rates moving farther apart). Long rates moved meaningfully higher, while shorter-term issues were anchored by exceptionally low policy rates. Buoyed by the strong performance of non-government debt, the Barclay’s Capital Global Aggregate Index USD Hedged returned 1.5% for the period.
The Fund outperformed its benchmark primarily due to strong relative (i.e. performance of the Fund as measured against the benchmark) returns in the fixed income portion of the Fund, largely as a result of strong performance within our credit strategies. The equity portion of the Fund performed roughly in line with the MSCI World Growth Index. Asset allocation among equities, bonds, and cash had only a minimal impact on relative performance during the period.
Within the equity portion of the Fund, security selection was positive in Health Care, Financials, and Consumer Staples. This was largely offset by weaker selection in Industrials, Consumer Discretionary, and Materials. Sector allocation, which is a residual of bottom-up security selection was essentially neutral; underweights (i.e. the Fund’s sector position was less than the benchmark position) to Utilities and Consumer Staples were offset by the Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care and Telecommunication Services.
Goldman Sachs (Financials), Seadrill (Energy), and Prudential Financial (Financials) were the leading contributors to relative performance in the equity portion of the Fund during the period. Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Shares of Seadrill, an offshore drilling company, moved sharply higher amid rising oil prices and as the company reported better-than-expected operating profits. Prudential Financial, a leading diversified financial services company, benefited as investors gained confidence that the worst of the financial crisis was behind the company. Shares rose after the firm reported better-than-expected first quarter earnings despite continued investment losses. Other significant contributors to absolute (i.e. total return) returns in the equity portion of the Fund included Apple (Information Technology) and BHP Billiton (Materials).
The top detractors from relative performance of the equity portion of the Fund were Wells Fargo (Financials), SunPower (Industrials), and Las Vegas Sands (Consumer Discretionary). Diversified financial services company Wells Fargo saw its shares fall sharply as investors became concerned about the potential negative impact of the Wachovia acquisition on the company’s balance sheet. Shares of solar panel manufacturer SunPower moved lower after solar-sector peer First Solar commented on the potential risk of oversupply in the market. Shares of Las Vegas Sands, a developer and operator of hotel, gaming, and resort businesses, fell due to disappointing earnings and concerns that the company’s balance sheet was overstretched. Nintendo (Information Technology) also detracted from absolute and relative returns.
The fixed income portion of the Fund outperformed its benchmark for the period. The portfolio generated positive results among its credit and country strategies, while yield curve strategies were neutral and duration (i.e. a measure of interest-rate sensitivity) and currency strategies detracted. Credit strategies represented the primary contribution to results during the period as these sectors performed particularly well in the second quarter, after beginning the year on a challenging note. Favorable security selection among corporates and positioning among MBS and CMBS aided results. Positioning in CMBS was particularly favorable in April, while MBS outperformed in May. Country strategies also provided a positive contribution to results, albeit more modest, as long duration positions in Germany, adopted versus the U.S., aided results in the second-quarter, after lagging in the opening months of the year. Duration strategies detracted during the period as long positions in Japanese inflation-linked debt weighed on results. Currency positioning, primarily a short position in the New Zealand dollar, also negatively impacted performance.
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors in the equity portion of the Fund. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Health Care, Financials, Energy, and Information Technology in the equity portion of the Fund. The Fund held less-than-benchmark weights in Materials, Industrials, Utilities, Consumer Discretionary, and Consumer Staples names.
Our outlook for global bond markets continues to be driven by our assessment of the U.S. economic slowdown and the state of the global economic cycle. A deep, global recession is underway, but some signs of improvement have begun to surface, particularly
15 |
Table of Contents
within readings on industrial production. Inflationary pressures have moderated significantly and remain low as a result of the significant output gap that has developed. Global policy responses have been unprecedented as central banks and governments remain focused on the global weakening growth conditions and protecting the financial system. The U.S. remains mired in a deep recession, but there have been some recent initial signs of improvement in housing and manufacturing. In Europe, new orders are stabilizing, providing an indication that economic activity may improve in the months ahead. The U.K. economy has shown some early signs that the pace of contraction is moderating, as housing transactions have increased and the near-term outlook for retail sales has improved at the margin. Overall, while the global economy continues to contract, initial modest signs of an easing in the pace of deterioration have emerged.
From an asset allocation standpoint, the Fund ended the period with a small overweight to equities and fixed income and an underweight to cash.
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.7 | % | ||
Belgium | 0.1 | |||
Brazil | 2.0 | |||
Canada | 3.0 | |||
China | 0.5 | |||
Denmark | 1.4 | |||
Finland | 0.0 | |||
France | 2.2 | |||
Germany | 6.1 | |||
Hong Kong | 0.6 | |||
Ireland | 0.1 | |||
Israel | 1.1 | |||
Italy | 0.5 | |||
Japan | 8.8 | |||
Luxembourg | 0.6 | |||
Malaysia | 0.0 | |||
Mexico | 0.1 | |||
Netherlands | 1.6 | |||
Norway | 0.9 | |||
Poland | 0.1 | |||
Singapore | 0.7 | |||
South Africa | 0.1 | |||
Spain | 2.6 | |||
Sweden | 0.4 | |||
Switzerland | 3.0 | |||
Taiwan | 0.6 | |||
United Kingdom | 7.2 | |||
United States | 52.8 | |||
Short-Term Investments | 2.9 | |||
Other Assets and Liabilities | (1.7 | ) | ||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 2.7 | % | ||
Common Stocks | 63.8 | |||
Corporate Bonds: Investment Grade | 23.7 | |||
U.S. Government Agencies | 7.5 | |||
U.S. Government Securities | 1.1 | |||
Short-Term Investments | 2.9 | |||
Other Assets and Liabilities | (1.7 | ) | ||
Total | 100.0 | % | ||
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.4 | % | ||
Banks | 2.4 | |||
Basic Materials | 0.4 | |||
Capital Goods | 8.0 | |||
Consumer Cyclical | 0.3 | |||
Consumer Services | 0.6 | |||
Consumer Staples | 1.0 | |||
Diversified Financials | 3.5 | |||
Energy | 6.6 | |||
Finance | 10.5 | |||
Food & Staples Retailing | 1.7 | |||
Food, Beverage & Tobacco | 2.8 | |||
Foreign Governments | 10.1 | |||
Health Care | 0.6 | |||
Health Care Equipment & Services | 2.8 | |||
Household & Personal Products | 1.0 | |||
Insurance | 1.6 | |||
Materials | 4.9 | |||
Media | 1.3 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 6.2 | |||
Retailing | 3.5 | |||
Semiconductors & Semiconductor Equipment | 1.7 | |||
Services | 0.4 | |||
Software & Services | 4.4 | |||
Technology | 2.5 | |||
Technology Hardware & Equipment | 5.8 | |||
Telecommunication Services | 4.1 | |||
U.S. Government Agencies | 7.5 | |||
U.S. Government Securities | 1.1 | |||
Utilities | 0.1 | |||
Short-Term Investments | 2.9 | |||
Other Assets and Liabilities | (1.7 | ) | ||
Total | 100.0 | % | ||
16 |
Table of Contents
Hartford Global Equity HLS Fund inception 1/31/2008
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 1/31/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649009.gif)
MSCI All Country World Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of developed and emerging markets, including the United States.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | Since Inception | |||||||
Global Equity IA | -28.39 | % | -22.23% | |||||
Global Equity IB | -28.56 | % | -22.42% | |||||
MSCI All Country World Index | -28.86 | % | -22.77% | |||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Mark D. Mandel, CFA | Cheryl M. Duckworth, CFA | |
Senior Vice President | Senior Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Global Equity HLS Fund returned 12.80% for the six-month period ended June 30, 2009, outperforming its benchmark, the MSCI All Country World Index, which returned 9.59% for the same period. The Fund also outperformed the 7.04% return of the average fund in the Lipper Global Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was a volatile one for the equity markets. Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession. Markets then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery. In this environment, sector returns within the MSCI All Country World Index diverged widely for the six-month period ending June 30, 2009. Weakness in Utilities (-4%) and Health Care (-1%) was offset by relative strength in Materials (+26%), Information Technology (+24%), and Consumer Discretionary (+15%).
The Fund’s outperformance versus the benchmark was driven by security selection, which was strongest in Energy, Health Care, Consumer Discretionary, and Materials. Slightly offsetting this was weaker stock selection within the Industrials and Utilities sectors. Sector allocation was modestly additive to benchmark-relative performance due to our underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to the Financials, Consumer Staples, and Telecommunication Services sectors and our overweight (i.e. the Fund’s sector position was greater than the benchmark position) exposure to the Materials sector.
Top contributors to relative performance during the period included DnB Nor (Financials), Vale (Materials), and Exxon Mobil (Energy). Norway-based bank DnB Nor benefited from an improving capital position, defensive balance sheet, and the relative strength of the Norwegian macro environment. Diversified Brazilian metals and mining company Vale benefited from a rebound in Brazilian iron exports to China and optimism that recent government stimulus announcements will further boost global demand. Shares of Exxon Mobil, the world’s largest publicly traded oil company, underperformed the broader Energy sector as the global economy stabilized and investors emphasized companies with greater leverage to rising oil prices. The Fund’s underweight exposure to Exxon during the period contributed positively to relative
17 |
Table of Contents
performance. Schering-Plough (Health Care) and Goldman Sachs (Financials) were top contributors to absolute (i.e. total return) performance.
The largest detractors from relative returns were ACE (Financials), Japan Tobacco (Consumer Discretionary), and Citizens Republic Bancorp (Financials). Shares of worldwide property/casualty insurance and reinsurance provider ACE fell on concerns about the impact of various government programs and falling book value. Shares of cigarette and tobacco products company Japan Tobacco fell on pressure from declining domestic tobacco sales volumes and the negative impact from a strong Japanese yen. We eliminated our position during the period. Citizens Republic, a U.S.-based diversified financial services company, suspended its cash dividend and announced a reduction in expected earnings, driving shares lower. Citigroup (Financials) was a top detractor from absolute performance. We exited the position during the period.
What is the outlook?
It is increasingly clear that the U.S. and other global economies are in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer spending is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment, the Fund ended the period most overweight the Health Care, Consumer Discretionary, and Materials sectors and most underweight the Consumer Staples, Industrials, and Financials sectors. The Fund’s largest absolute weighting was in the Health Care sector.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.6 | % | ||
Banks | 9.5 | |||
Capital Goods | 5.0 | |||
Commercial & Professional Services | 0.0 | |||
Consumer Durables & Apparel | 1.1 | |||
Consumer Services | 1.1 | |||
Diversified Financials | 4.1 | |||
Energy | 11.6 | |||
Finance | 0.0 | |||
Food & Staples Retailing | 0.5 | |||
Food, Beverage & Tobacco | 6.5 | |||
Health Care Equipment & Services | 4.4 | |||
Household & Personal Products | 0.4 | |||
Insurance | 2.5 | |||
Materials | 8.0 | |||
Media | 1.4 | |||
Other Investment Pools and Funds | 0.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.7 | |||
Real Estate | 1.7 | |||
Retailing | 4.5 | |||
Semiconductors & Semiconductor Equipment | 0.9 | |||
Software & Services | 5.2 | |||
Technology Hardware & Equipment | 5.1 | |||
Telecommunication Services | 4.5 | |||
Transportation | 2.9 | |||
Utilities | 4.4 | |||
Short-Term Investments | 1.6 | |||
Other Assets and Liabilities | 0.3 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 0.5 | % | ||
Austria | 0.5 | |||
Belgium | 0.5 | |||
Bermuda | 0.1 | |||
Brazil | 3.3 | |||
Canada | 5.6 | |||
China | 2.0 | |||
Denmark | 0.7 | |||
France | 3.3 | |||
Germany | 2.7 | |||
Greece | 0.1 | |||
Hong Kong | 1.9 | |||
India | 0.7 | |||
Indonesia | 0.1 | |||
Ireland | 0.5 | |||
Israel | 1.3 | |||
Italy | 1.0 | |||
Japan | 3.5 | |||
Luxembourg | 0.7 | |||
Malaysia | 0.1 | |||
Mauritius | 0.1 | |||
Netherlands | 0.8 | |||
Norway | 0.9 | |||
Panama | 0.1 | |||
Russia | 1.3 | |||
Singapore | 0.6 | |||
South Africa | 0.5 | |||
South Korea | 0.6 | |||
Spain | 1.1 | |||
Sweden | 0.8 | |||
Switzerland | 3.1 | |||
Taiwan | 0.5 | |||
Thailand | 0.5 | |||
Turkey | 0.3 | |||
United Kingdom | 8.5 | |||
United States | 49.3 | |||
Short-Term Investments | 1.6 | |||
Other Assets and Liabilities | 0.3 | |||
Total | 100.0 | % | ||
18 |
Table of Contents
Hartford Global Growth HLS Fund inception 9/30/1998
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649010.gif)
MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the U.S., Canada, Europe, Australia, New Zealand and the Far East.
Investment goal – Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Global Growth IA | -39.66 | % | -3.88 | % | 0.16 | % | ||||||
Global Growth IB | -39.81 | % | -4.12 | % | -0.07 | % | ||||||
MSCI World Growth Index | -30.59 | % | 0.42 | % | -1.93 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Matthew D. Hudson, CFA | Andrew S. Offit, CPA | Jean-Marc Berteaux | ||
Vice President | Senior Vice President, Partner | Senior Vice President, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Global Growth HLS Fund returned 9.29% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI World Growth Index, which returned 9.44% for the same period. The Fund underperformed the 13.70% return of the average fund in the Lipper Global Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was a volatile one for the equity markets. Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession. Markets then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery. In this environment, the MSCI World Growth Index (+9.4%) outperformed the MSCI World Value Index (+4.1%). Within the MSCI World Growth Index, nine out of ten sectors posted positive returns. Materials (+23%), Information Technology (+22%), and Energy (+20%) gained the most, while Utilities (-6%) was the only sector to decline. Health Care (0%) and Consumer Staples (0%) also lagged on a relative basis.
Security selection was positive in Health Care, Financials, and Consumer Staples. This was offset by weaker selection in Industrials, Consumer Discretionary, and Materials. Sector allocation, which is a residual of bottom-up security selection, benefited from the Fund’s underweights (i.e. the Fund’s sector position was less than the benchmark position) to Utilities and Consumer Staples, but was hurt by the Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care and Telecommunication Services.
Goldman Sachs (Financials), Seadrill (Energy), and Prudential Financial (Financials) were the leading contributors to benchmark-relative performance. Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Shares of Seadrill, an offshore drilling company, moved sharply higher amid rising oil prices and as the company reported better-than-expected operating profits. Prudential
19 |
Table of Contents
Financial, a leading diversified financial services company, benefited as investors gained confidence that the worst of the financial crisis was behind the company. Shares rose after the firm reported better-than-expected first quarter earnings despite continued investment losses. Other significant contributors to absolute (i.e. total return) return included Apple (Information Technology) and BHP Billiton (Materials).
The top detractors from the Fund’s relative performance were Wells Fargo (Financials), Las Vegas Sands (Consumer Discretionary), and SunPower (Industrials). Diversified financial services company Wells Fargo saw its shares fall sharply as investors became concerned about the potential negative impact of the Wachovia acquisition on the company’s balance sheet. Shares of Las Vegas Sands, a developer and operator of hotel, gaming, and resort businesses, fell due to disappointing earnings and concerns that the company’s balance sheet was overstretched. Shares of solar panel manufacturer SunPower moved lower after solar-sector peer First Solar commented on the potential risk of oversupply in the market. Nintendo (Information Technology) also detracted from absolute and relative returns.
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors.
Portfolio construction is a bottom-up process based on intensive company research. Allocations among sectors are the result of individual stock decisions. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Financials, and Industrials stocks. The Fund held below-benchmark weights in Consumer Staples, Utilities, and Information Technology names. While still underweight relative to the benchmark, exposure to Consumer Discretionary increased during the period through purchases of high quality retailers, including Gap, and auto companies, including Nissan and Daimler, as we are beginning to see signs of an improving economy. Telecommunication Services was the Fund’s largest overweight as of June 30, with significant positions in wireless communications service provider MetroPCS and wireless communication infrastructure company American Tower.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.1 | % | ||
Banks | 3.6 | |||
Capital Goods | 12.1 | |||
Consumer Services | 0.9 | |||
Diversified Financials | 5.4 | |||
Energy | 9.5 | |||
Food & Staples Retailing | 2.7 | |||
Food, Beverage & Tobacco | 4.3 | |||
Health Care Equipment & Services | 4.3 | |||
Household & Personal Products | 1.6 | |||
Insurance | 2.5 | |||
Materials | 7.4 | |||
Media | 1.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.9 | |||
Retailing | 5.4 | |||
Semiconductors & Semiconductor Equipment | 2.6 | |||
Software & Services | 6.8 | |||
Technology Hardware & Equipment | 8.9 | |||
Telecommunication Services | 6.3 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.0 | % | ||
Brazil | 2.4 | |||
Canada | 3.6 | |||
China | 0.7 | |||
Denmark | 2.1 | |||
Germany | 6.0 | |||
Hong Kong | 1.0 | |||
Israel | 1.7 | |||
Japan | 5.3 | |||
Netherlands | 1.2 | |||
Norway | 0.5 | |||
Spain | 3.6 | |||
Switzerland | 4.4 | |||
Taiwan | 0.9 | |||
United Kingdom | 9.8 | |||
United States | 54.0 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
20 |
Table of Contents
Hartford Global Health HLS Fund inception 5/1/2000
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 5/01/00 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649011.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
S&P North American Health Care Sector Index is a modified capitalization-weighted index based on United States headquartered health care companies. Stocks in the index are weighted such that each stock is no more than 7.5% of the market capitalization as of the most recent reconstitution date. The companies included in the index must be common stocks and be traded on the American Stock Exchange, Nasdaq or the New York Stock Exchange and meet certain established market capitalization levels.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
Global Health IA | -17.50 | % | 1.42 | % | 7.10% | |||||||
Global Health IB | -17.70 | % | 1.17 | % | 6.85% | |||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -3.12%* | |||||||
S&P North American Health Care Sector Index | -10.69 | % | 0.32 | % | 1.83%* | |||||||
* Return is from 4/30/00
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Jean M. Hynes, CFA | Ann C. Gallo | Kirk J. Mayer, CFA | Robert L. Deresiewicz | |||
Senior Vice President, Partner, | Senior Vice President, Partner, | Senior Vice President, | Vice President, | |||
Global Industry Analyst | Global Industry Analyst | Global Industry Analyst | Global Industry Analyst |
How did the Fund perform?
The Class IA shares of the Hartford Global Health HLS Fund returned 1.40% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P North American Health Care Sector Index, which returned 2.49% for the same period. The Fund also underperformed the 5.09% return of the average fund in the Lipper Health and Biotechnology VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets rose slightly during the period, but this overall performance masks two significantly different market environments. From the beginning of November through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. From early March through May, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Health Care stocks, as measured by the S&P North American Health Care Sector Index, returned 2%, underperforming the broader U.S. market, which returned 3%, as measured by the S&P 500 Index, and the world market return of 7%, as measured by the MSCI World Index. Within the S&P North American Health Care Sector Index, three out of the four sub-sectors posted positive returns. Health Services (+8%) and Medical Products (+5%) performed well. Specialty Pharmaceuticals/Biotechnology (+1%) and Pharmaceuticals (-1%) underperformed relative to the other sub-sectors.
21 |
Table of Contents
Shionogi, Progenics Pharmaceuticals, and Daiichi Sankyo were the leading detractors from performance on a relative (i.e. performance of the Fund as measured against the benchmark) basis. Shares of Japanese-based pharmaceutical company Shionogi declined during the first quarter of 2009 due to weak sales in its domestic market, a strong Japanese yen, higher expected research and development spending, and softness in royalty income from anti-cholesterol drug Crestor. Despite posting a quarterly loss that was better than market expectations, shares of U.S.-based biopharmaceutical company Progenics Pharmaceuticals fell amidst challenging economic conditions. Shares of Japanese-based pharmaceutical company Daiichi Sankyo fell sharply on concerns about safety control issues at Rambaxy, a generic specialist in which the company bought a major stake last year, and a delay in approval of a new blood thinner drug. Specialty pharmaceutical company Medicines was also a top detractor from absolute (i.e. total return) performance.
Security selection was particularly favorable, though, in other Pharmaceuticals stocks. Schering-Plough, Pfizer, and Abbott Laboratories were the top contributors to relative performance during the period. Shares of global health care company Schering-Plough rose after receiving a takeover offer by Merck in the first quarter of 2009. Shares of Pfizer rebounded from a sharp fall in early March due to its strategic acquisition of Wyeth. Shares of Abbott Laboratories moved higher early in the first quarter of 2009 after reporting solid earnings in mid-January. Following this period of relative outperformance, we eliminated our position in the health care products company due to concerns about increased competition for its arthritis treatment Humira. Among other top contributors to absolute performance were development-stage biopharmaceutical company Cougar Biotechnology, specialty pharmaceutical and medication delivery company Hospira, and Israeli-based pharmaceutical company Teva Pharmaceuticals.
What is the outlook?
President Obama’s early momentum, combined with a Democrat-controlled Congress, suggests that the odds of some type of health care reform becoming law either this year or next are high. Unfortunately, the path to reform will be long and tiresome, characterized by significant “noise,” grandstanding and ambiguity. In an already battered and skittish market, uncertainty of any type will create buying opportunities that should ultimately pay off for longer-term investors. Our strategy will be to take advantage of this volatility by adding to existing or initiating new positions in stocks that are discounting a panic-driven, improbably negative outcome.
We believe that today’s U.S. Congressional leaders have learned from the mistakes made by the Clinton administration during its failed efforts to pass health care reform in 1993 and, as a result, are more open to bipartisan compromise. This is especially true in the U.S. Senate. Moreover, most experts agree that the President’s call for a $634 billion “down-payment” to fund universal health care will be inadequate (by at least a factor of two). This, combined with the U.S. government’s significant debt burden, the impossibly large number of affected special interest groups, (including seniors, employees, employers, labor unions, doctors, hospitals, insurers, manufacturers and taxpayers) and the increasingly difficult decisions that must be made, suggests to us that the government wants and needs the involvement of the private sector to ensure success.
Against this backdrop, the Fund ended the period overweight (i.e. the Fund’s sector position was greater than the benchmark position) the Biotechnology and Medical Technology sectors and underweight (i.e. the Fund’s sector position was less than the benchmark position) the Pharmaceuticals and Health Care Services sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Biotechnology | 20.1 | % | ||
Drug Retail | 1.8 | |||
Health Care Distributors | 4.9 | |||
Health Care Equipment | 24.9 | |||
Health Care Facilities | 0.5 | |||
Health Care Services | 1.0 | |||
Health Care Supplies | 0.8 | |||
Health Care Technology | 0.2 | |||
Life Sciences Tools & Services | 0.5 | |||
Managed Health Care | 7.4 | |||
Pharmaceuticals | 36.5 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.4 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Belgium | 1.2 | % | ||
China | 0.5 | |||
France | 1.2 | |||
Germany | 1.0 | |||
Ireland | 1.4 | |||
Israel | 3.5 | |||
Italy | 0.8 | |||
Japan | 6.9 | |||
Spain | 0.0 | |||
Switzerland | 2.0 | |||
United Kingdom | 1.3 | |||
United States | 78.8 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.4 | |||
Total | 100.0 | % | ||
22 |
Table of Contents
Hartford Growth HLS Fund inception 4/30/2002
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/02 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649012.gif)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
Growth IA | -30.09 | % | -3.30 | % | 0.88% | |||||||
Growth IB | -30.26 | % | -3.54 | % | 0.63% | |||||||
Russell 1000 Growth Index | -24.50 | % | -1.83 | % | -0.28% | |||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Andrew J. Shilling, CFA | John A. Boselli, CFA | |
Senior Vice President, Partner | Director, Equity Portfolio Manager, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Growth HLS Fund returned 10.63% for the six-month period ended June 30, 2009 underperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53% for the same period. The Fund underperformed the 12.22% return of the average fund in the Large-Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The global equity markets were volatile during the period, reflecting investors’ fluctuating reactions to economic data and the U.S. government’s involvement to help mitigate the financial crisis. The broad U.S. equity market posted positive returns for the period. Mid cap stocks (+8.5%) outperformed small cap (+2.6%) and large cap stocks (+3.2%) during the period, as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (11.5%) significantly outpaced Value (-2.9%) during the period, as measured by the Russell 1000 Growth and Russell 1000 Value indices, respectively. Nine of ten sectors within the Russell 1000 Growth Index posted positive returns. Information Technology (24%) and Materials (15%) were the best performers while Consumer Staples (-0.2%) was the only sector that declined.
The underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark was driven primarily by weak stock selection, particularly within Information Technology and Financials. Sector allocation, a result of our bottom-up stock selection process, was positive. Our overweight (i.e. the Fund’s sector position was greater than the benchmark position) to the strong performing Information Technology sector and underweights (i.e. the Fund’s sector position was less than the benchmark position) to Consumer Staples and Health Care helped relative performance.
Top detractors from relative returns were Wells Fargo (Financials), Apple (Information Technology) and MetLife (Financials). Shares of Wells Fargo, a diversified financial services company, declined during the period over concerns that the company was under-capitalized following its acquisition of Wachovia and as losses from the company’s positions in certain illiquid and toxic assets continued to mount. Shares of consumer electronics company Apple increased due to solid sales of the company’s iPhone. Our below-benchmark weight in the stock,
23 |
Table of Contents
which resulted from our thesis that consumers would reduce spending for non-essential products, detracted from performance. Shares of MetLife, a global provider of insurance and other financial services, fell during the period as investors remained concerned about potential balance sheet risks and credit rating downgrades. We eliminated our position in MetLife during the period. In addition, State Street (Financials) was also a meaningful detractor from absolute (i.e. total return) returns.
Partially offsetting our detractors was favorable stock selection within Consumer Discretionary and Energy. The top three contributors to benchmark-relative returns were Goldman Sachs (Financials), TJX Companies (Consumer Discretionary) and Coach (Consumer Discretionary). Shares of U.S. investment bank Goldman Sachs rose as the firm shored up its balance sheet and investors raised earnings forecasts in light of surging underwriting activity. Shares of TJX Companies, a value home goods and apparel retailer, rose after the company announced better-than-expected earnings as store traffic continued to be relatively strong due to the company’s value proposition. Shares of Coach, the leading American luxury handbag and accessories designer, rose following management’s reports that it achieved better-than-expected earnings and improvements in same store sales. We also benefited from not owning Wal-Mart (Consumer Staples) whose stock price declined due to a contraction in consumer spending. In addition, our position in Oracle (Information Technology) was a top contributor to absolute returns.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the recent stock market rally. Unemployment is rising sharply, the housing slowdown continues, and consumer demand is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research, picking one stock at a time based upon the attractiveness of each company’s fundamentals and valuation. As a result of this bottom-up (i.e. stock by stock fundamental research) stock selection, our largest sector weights relative to the benchmark at the end of the period were in Information Technology, Energy, Consumer Discretionary and Industrials. At the end of the period, we were most underweight the Consumer Staples and Health Care sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.2 | % | ||
Banks | 2.8 | |||
Capital Goods | 14.0 | |||
Consumer Durables & Apparel | 2.2 | |||
Consumer Services | 3.5 | |||
Diversified Financials | 3.5 | |||
Energy | 11.1 | |||
Food & Staples Retailing | 0.2 | |||
Health Care Equipment & Services | 3.7 | |||
Insurance | 2.4 | |||
Materials | 2.2 | |||
Media | 1.7 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 2.4 | |||
Retailing | 7.4 | |||
Semiconductors & Semiconductor Equipment | 4.5 | |||
Software & Services | 19.7 | |||
Technology Hardware & Equipment | 16.8 | |||
Telecommunication Services | 0.1 | |||
Short-Term Investments | 1.5 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
24 |
Table of Contents
Hartford Growth Opportunities HLS Fund inception 3/24/1987
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649013.gif)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Russell 3000 Growth Index is an unmanaged index that measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. (The Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.)
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Growth Opportunities IA | -36.40 | % | 0.41 | % | 3.26 | % | ||||||
Growth Opportunities IB | -36.56 | % | 0.16 | % | 3.00 | % | ||||||
Russell 1000 Growth Index | -24.50 | % | -1.83 | % | -4.18 | % | ||||||
Russell 3000 Growth Index | -24.53 | % | -1.78 | % | -3.94 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Michael T. Carmen, CFA, CPA | Mario E. Abularach, CFA, CMT | |
Senior Vice President, Partner | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Growth Opportunities HLS Fund returned 4.02% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 3000 Growth Index, which returned 11.52% for the same period. The Fund also underperformed the 11.80% return of the average fund in the Lipper Multi-Cap Growth VP-UF Average Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined. All ten sectors of the Russell 3000 Growth Index (+11.5%) rose during the period.
25 |
Table of Contents
The Information Technology (+25.0%), Materials (+15.1%), and Consumer Discretionary (+14.6%) sectors rose the most.
The Fund underperformed its benchmark primarily due to weak security selection. Stock selection was weakest in the Information Technology, Industrials, and Financials sectors, while results were more favorable in Consumer Staples, Energy, and Materials. Sector allocation, a fallout of bottom-up stock selection, also detracted from results due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) to Information Technology and an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care; this more than offset the benefit of being underweight Consumer Staples.
The top relative (i.e. performance of the Fund as measured against the benchmark) detractors from the Fund’s performance during the period were Apple (Information Technology), HUGHES Telematics (Information Technology), and State Street (Financials). Our underweight to consumer electronics company Apple detracted from performance, as the company’s quarterly earnings results beat expectations, driven by an increase in iPhone sales, despite slowing consumer trends. Shares of HUGHES Telematics, a provider of remote automobile safety and security monitoring services, fell as the company approved an offer to exchange previously issued warrants for common stock. Shares of State Street, a financial holding company with investment management and investment servicing operations, fell in the first quarter on disclosures of unrealized losses and concerns of capital adequacy. Top absolute (i.e. total return) detractors included Industrials names Delta Air Lines and Covanta.
Among the top relative contributors to the Fund’s performance during the period were Goldman Sachs (Financials) and Jarden (Consumer Discretionary). Shares of Goldman Sachs, a U.S. bank holding company and investment bank, continued to benefit from the firm’s relative strength versus peers and its intention to pay back government loans. Jarden, a consumer products company with a portfolio of niche brands, reported first quarter earnings that exceeded expectations, on better-than-expected sales, solid revenues, and working capital improvements. Our decision not to own major global retailer Wal-Mart (Consumer Staples) also helped relative results. Wal-Mart’s stock fell during the period due to slowing consumer spending. Pharmaceutical company Schering-Plough was also among the top absolute contributors to the Fund’s performance.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
We are beginning to position the Fund for a recovery in 2010-2011, increasing our exposure to companies in the Information Technology and Consumer Discretionary sectors. During the period we reduced our relative exposure in Financials, Industrials, and Health Care. We ended the period most overweight Consumer Discretionary and Financials, and most underweight Consumer Staples, relative to the Russell 3000 Growth Index.
At a meeting held on February 3-4, 2009, the Board of Directors of Hartford HLS Series Fund II, Inc. approved the reorganization (the “Reorganization”) of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) with and into Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”).
The Board of Directors has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (“Reorganization Agreement”) with respect to the Acquired Fund. If approved, the Reorganization is expected to occur on or about October 2, 2009.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.1 | % | ||
Banks | 2.6 | |||
Capital Goods | 8.2 | |||
Commercial & Professional Services | 0.8 | |||
Consumer Durables & Apparel | 1.4 | |||
Consumer Services | 1.6 | |||
Diversified Financials | 4.4 | |||
Energy | 6.5 | |||
Food, Beverage & Tobacco | 3.8 | |||
Health Care Equipment & Services | 5.6 | |||
Insurance | 1.9 | |||
Materials | 2.3 | |||
Media | 1.1 | |||
Other Investment Pools and Funds | 0.7 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.2 | |||
Retailing | 9.2 | |||
Semiconductors & Semiconductor Equipment | 3.9 | |||
Software & Services | 13.4 | |||
Technology Hardware & Equipment | 12.1 | |||
Telecommunication Services | 1.2 | |||
Transportation | 1.0 | |||
Short-Term Investments | 2.6 | |||
Other Assets and Liabilities | 4.4 | |||
Total | 100.0 | % | ||
26 |
Table of Contents
Hartford High Yield HLS Fund inception 9/30/1998
(subadvised by Hartford Investment Management Company)
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649014.gif)
Barclays Capital U.S. Corporate High Yield Bond Index is an unmanaged broad-based market value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the SEC.
Investment goal — Seeks high current income. Growth of capital is a secondary objective.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
High Yield IA | -7.10 | % | 2.80 | % | 3.24 | % | ||||||
High Yield IB | -7.34 | % | 2.54 | % | 3.00 | % | ||||||
Barclays Capital U.S. Corporate High Yield Bond Index | -2.40 | % | 4.33 | % | 4.69 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Mark Niland, CFA | James Serhant, CFA | |
Managing Director | Senior Vice President, Senior Investment Analyst |
How did the Fund perform?
The Class IA Shares of the Hartford High Yield HLS Fund returned 21.65% for the six-month period ended June 30, 2009, underperforming its benchmark, the Barclays Capital U.S. Corporate High Yield Bond Index, which returned 30.44%, but outperforming the Lipper High Current Yield VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 20.55%.
Why did the Fund perform this way?
Although the Fund returned its highest six-month total return ever (exceeding the previous high which occurred in the first half of 2003), it still lagged its benchmark. This underperformance was primarily driven by sector allocation and security selection. The high yield market experienced an impressive market rally in the first half of 2009, resulting in record returns for the broad market index. The Fund’s defensive positioning (relative to the benchmark) over this period, and its significant underweight (i.e. the Fund’s sector position was less than the benchmark position) to subordinated financials contributed to the Fund’s underperformance.
Given the amount of economic uncertainty at the beginning of the year, the Fund was positioned defensively within the Industrial sectors, favoring companies that we judged to be better equipped to weather further economic stress. The underperformance within Financials specifically was also defensive in nature, as uncertainty continued to surround this sector. The seemingly erratic approach to government intervention (e.g. Bear Stearns receives a government bailout, Lehman Brothers does not) and the questions surrounding who would receive funds from the Troubled Asset Relief Program (TARP) caused us to tread very lightly. This lingering uncertainty around government action was at the forefront as we continued to analyze new ‘fallen-angels’ (credits that were previously rated investment-grade that have since been downgraded by the major ratings agencies) that were added to the High Yield market over the period.
The results of the government’s stress tests of the 19 largest banks in early May provided a more realistic sense of under-capitalization, and the reassurance that none of the 19 banks would be allowed to fail. This assurance did allow the Fund to
27 |
Table of Contents
more reliably implement our bottom-up credit selection, but unfortunately did not occur early enough for the Fund to capitalize on the rally in Financial sector bonds.
What is the outlook?
The re-opening of the corporate bond market has allowed some companies that were on the brink of default to meet upcoming maturities and forestall defaults that looked imminent when the markets were shut. As a result, we now expect the speculative grade issuer default rate to peak in the 12%-15% range over this cycle, down from our previous expectations of 15%-18%. In addition, spreads post market rally remain wide by historical standards. While unemployment remains on an uptrend, posing risk to the consumer, we believe the substantial government stimulus will likely help fill this void, which could provide a more sustained economic recovery over the next 6-12 months. Such a recovery will bode well for continued high yield spread tightening (i.e. short and long term interest rates moving closer together) for the remainder of the year.
Given this outlook, we have moved the Fund very close to a neutral-risk position relative to the benchmark, though perhaps still slightly under-risked overall. We see opportunities in the Consumer Discretionary sector (automotive, entertainment and gaming) as well as the Telecommunications sector.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 0.0 | % | ||
Basic Materials | 7.6 | |||
Capital Goods | 1.0 | |||
Consumer Cyclical | 12.4 | |||
Consumer Staples | 2.9 | |||
Energy | 7.0 | |||
Finance | 14.5 | |||
Health Care | 9.1 | |||
Services | 15.3 | |||
Technology | 19.0 | |||
Telecommunication Services | 0.0 | |||
Transportation | 2.3 | |||
Utilities | 7.3 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.6 | |||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 0.3 | % | ||
Corporate Bonds: Investment Grade | 7.6 | |||
Corporate Bonds: Non-Investment Grade | 81.7 | |||
Preferred Stocks | 0.0 | |||
Senior Floating Rate Interests: Non-Investment Grade | 8.8 | |||
Warrants | 0.0 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.6 | |||
Total | 100.0 | % | ||
Distribution by Credit Quality
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Long-Term | ||||
Rating | Holdings | |||
AAA | 0.8 | % | ||
A | 0.3 | |||
BBB | 2.9 | |||
BB | 33.9 | |||
B | 37.7 | |||
CCC | 22.5 | |||
CC | 0.7 | |||
C | 0.1 | |||
D | 1.1 | |||
Total | 100.0 | % | ||
28 |
Table of Contents
Hartford Index HLS Fund inception 5/1/1987
(subadvised by Hartford Investment Management Company)
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649015.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks to provide investment results which approximate the price and yield performance of publicly traded common stocks in the aggregate.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Index IA | -26.30 | % | -2.52 | % | -2.58 | % | ||||||
Index IB | -26.50 | % | -2.76 | % | -2.81 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. | |
(3) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Deane Gyllenhaal
Vice President
Vice President
How did the Fund perform?
The Class IA shares of the Hartford Index HLS Fund returned 3.09% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16%, and outperforming the Lipper S&P 500 Index VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 3.06%.
Why did the Fund perform this way?
By design, the Fund is managed to mimic the performance of the S&P 500 Index. The performance of the Fund only marginally differed from that of the benchmark for the six-month period. Sources of return variance include trading costs, cash exposure in volatile markets, and the lack of exposure to The Hartford Financial Services Group (HIG) in the portfolio. The Fund did not own shares of HIG which underperformed relative to the index. Because of internal Hartford Investment Management Company (HIMCO) requirements, the Fund does not purchase stock of HIMCO’s parent, HIG. This exposure is reallocated across the Life/Health Insurance and Property/Casualty Insurance and Multi-line Insurance industries.
After a disappointing index return in the first quarter, the markets rallied from early March through the end of the second quarter. Four of the ten sectors in the benchmark had positive returns over this period. The Information Technology sector led the way; it was up 25.1% during the first half of 2009. The Materials sector was up 13.2% followed by Consumer Discretionary which gained 8.5% over the same period. Sectors that detracted from benchmark returns include Industrials which dropped 6.3%, Telecom Services which fell 3.9%, and Financials which slipped by 3.0% for the six month period.
Looking at individual stocks within the benchmark, the following three constituents led the way, pulling the index return into positive territory by the end of the second quarter. XL Capital (Financials) was up the most returning 221.3%. Ford Motors (Consumer Discretionary) had a strong return in April, bringing the return for the first half of the year to 165.1%. Sprint-Nextel (Telecom Services) was up 162.8% rounding out the top three performers as of June 30, 2009. The lowest-performing stock in the benchmark through the end of the second quarter was General Motors (Consumer Discretionary) which was taken over by the United States government in an effort to save the U.S. auto icon. Two other stocks on the
29 |
Table of Contents
negative side were Marshall & Ilsley (Financials), which fell 64.7% and Citigroup (Financials), which dropped 55.6% and was also a recipient of U.S. government aid.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally, or by the aggregate fundamentals of the market. We believe that there will be a rotation for the second half of the year. Strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals and most expectations are that meaningful improvement in fundamentals will not occur until the fourth quarter. The Fund will continue to be fully invested in the S&P 500 Index, with a focus on risk control and efficient trading. Performance of the Fund is expected to be similar to that of the Index.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.5 | % | ||
Banks | 2.8 | |||
Capital Goods | 6.9 | |||
Commercial & Professional Services | 0.7 | |||
Consumer Durables & Apparel | 1.0 | |||
Consumer Services | 1.7 | |||
Diversified Financials | 7.3 | |||
Energy | 12.3 | |||
Food & Staples Retailing | 3.0 | |||
Food, Beverage & Tobacco | 6.0 | |||
Health Care Equipment & Services | 4.1 | |||
Household & Personal Products | 2.8 | |||
Insurance | 2.3 | |||
Materials | 3.2 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.5 | |||
Real Estate | 1.0 | |||
Retailing | 3.2 | |||
Semiconductors & Semiconductor Equipment | 2.5 | |||
Software & Services | 7.0 | |||
Technology Hardware & Equipment | 8.7 | |||
Telecommunication Services | 3.5 | |||
Transportation | 2.0 | |||
Utilities | 4.0 | |||
Short-Term Investments | 1.5 | |||
Other Assets and Liabilities | — | |||
Total | 100.0 | % | ||
30 |
Table of Contents
Hartford International Growth HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649016.gif)
MSCI EAFE Growth Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance (excluding the U.S. and Canada) of the growth securities within the MSCI EAFE Index.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
International Growth IA | -44.63 | % | -3.88 | % | -0.16 | % | ||||||
International Growth IB | -44.77 | % | -4.12 | % | -0.40 | % | ||||||
MSCI EAFE Growth Index | -33.36 | % | 2.55 | % | 1.19 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Andrew S. Offit, CPA | Matthew D. Hudson, CFA | Jean-Marc Berteaux | John A. Boselli, CFA | |||
Senior Vice President, Partner | Vice President | Senior Vice President, Partner | Director, Equity Portfolio Manager, Partner |
How did the Fund perform?
The Class IA shares of the Hartford International Growth HLS Fund returned 4.30% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI EAFE Growth Index, which returned 6.73% for the same period. The Fund also underperformed the 13.45% return of the average fund in the Lipper International Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession and then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Growth stocks (7%) trailed Value stocks (10%), as measured by the MSCI EAFE Growth and the MSCI EAFE Value indices, respectively. Within the MSCI EAFE Growth Index, eight out of ten sectors posted positive returns during the period. Materials (31%), Energy (13%), and Consumer Discretionary (11%) gained the most during the period, while Utilities (-7%) and Health Care (-5%) were the only sectors that posted negative returns.
Weak security selection in Financials, Materials, and Telecommunication Services contributed to underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark. This was partially offset by favorable security selection in Information Technology. Sector allocation, which is a residual of bottom-up stock selection, helped relative performance largely due to the Fund’s underweight (i.e. the Fund’s sector position was less than the benchmark position) exposure to Utilities during the period.
Allianz (Financials), Julius Baer (Financials), and UBS (Financials) detracted most from relative performance. Shares of German insurer Allianz fell due to the company’s exposure to declining asset markets. Shares of the Swiss-based wealth management company Julius Baer fell on concerns over the impact of a push from foreign governments for Switzerland to lift its banking secrecy laws. Shares of Switzerland-based financial services provider UBS moved lower after the firm posted a larger-than-expected quarterly loss. Not holding BHP Billiton (Materials), whose shares outperformed during the period, also negatively impacted relative performance. Other detractors from the Fund’s absolute (i.e. total return)
31 |
Table of Contents
performance were Nintendo (Information Technology) and Munich Re (Financials).
Top contributors to the Fund’s relative performance were Autonomy (Information Technology), Petrol Brasilieros (Energy), and Rio Tinto (Materials). Autonomy is a market leader in software development for Enterprise Search and Archiving & Compliance, an industry expected to see solid growth. Strong fourth quarter results and multiple deal wins across various sectors pushed Autonomy’s stock price higher. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. Shares of diversified mining company Rio Tinto benefited from rising copper prices and the company’s reduced balance sheet risk. Not owning benchmark component Novartis, whose shares underperformed during the period, also contributed positively to the Fund’s relative performance. Other contributors to the Fund’s absolute performance included Standard Charter (Financials).
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors.
Portfolio construction is a bottom-up process based on intensive company research. We select stocks individually based on their merits. During the period we increased our exposure to Information Technology and Consumer Discretionary, and decreased our exposure to traditionally defensive Health Care, as we are beginning to see signs of an improving economy. At the end of the period we were most overweight (i.e. the Fund’s sector position was greater than the benchmark position) relative to the benchmark in Information Technology, Financials, and Telecommunication Services. The Fund held less-than-benchmark weights in the Consumer Staples, Utilities, and Energy sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.6 | % | ||
Banks | 10.8 | |||
Capital Goods | 7.3 | |||
Commercial & Professional Services | 3.6 | |||
Consumer Durables & Apparel | 3.8 | |||
Consumer Services | 0.8 | |||
Diversified Financials | 4.0 | |||
Energy | 5.5 | |||
Food & Staples Retailing | 2.6 | |||
Food, Beverage & Tobacco | 7.5 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 2.6 | |||
Insurance | 0.4 | |||
Materials | 9.4 | |||
Media | 0.4 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.1 | |||
Real Estate | 0.4 | |||
Retailing | 3.1 | |||
Semiconductors & Semiconductor Equipment | 1.9 | |||
Software & Services | 3.1 | |||
Technology Hardware & Equipment | 5.3 | |||
Telecommunication Services | 6.4 | |||
Transportation | 1.4 | |||
Utilities | 1.6 | |||
Short-Term Investments | 2.0 | |||
Other Assets and Liabilities | 1.2 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.3 | % | ||
Austria | 0.9 | |||
Belgium | 0.9 | |||
Brazil | 3.2 | |||
Canada | 2.3 | |||
China | 3.1 | |||
Denmark | 1.4 | |||
Finland | 1.0 | |||
France | 4.6 | |||
Germany | 6.1 | |||
Greece | 0.3 | |||
Hong Kong | 3.3 | |||
India | 1.5 | |||
Indonesia | 0.4 | |||
Ireland | 0.5 | |||
Israel | 2.6 | |||
Japan | 11.6 | |||
Luxembourg | 1.6 | |||
Netherlands | 5.0 | |||
Russia | 1.9 | |||
South Africa | 1.0 | |||
Spain | 4.2 | |||
Sweden | 3.1 | |||
Switzerland | 10.6 | |||
Taiwan | 1.4 | |||
Turkey | 0.9 | |||
United Kingdom | 20.8 | |||
United States | 1.3 | |||
Short-Term Investments | 2.0 | |||
Other Assets and Liabilities | 1.2 | |||
Total | 100.0 | % | ||
32 |
Table of Contents
Hartford International Opportunities HLS Fund inception 7/2/1990
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649017.gif)
MSCI AC (All Country) World Free ex U.S. Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
International Opportunities IA | -29.77 | % | 5.00 | % | 2.19 | % | ||||||
International Opportunities IB | -29.95 | % | 4.73 | % | 1.96 | % | ||||||
MSCI AC (All Country) World Free ex U.S. Index | -30.54 | % | 4.95 | % | 2.94 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nicolas M. Choumenkovitch
Senior Vice President and Partner
Senior Vice President and Partner
How did the Fund perform?
The Class IA shares of the Hartford International Opportunities HLS Fund returned 7.88% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI All Country World Free ex U.S. Index, which returned 14.35% for the same period. The Fund outperformed the 7.56% return of the average fund in the Lipper International Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. The global equity market performance was positive for the period, as measured by the MSCI All Country World Free ex-U.S. index. Eight of ten sectors within the index rose with Materials, Energy, and Information Technology leading the way. Utilities and Health Care declined during the period.
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark was primarily due to weak stock selection within Industrials, Financials and Energy which overshadowed strong positive stock selection within Materials. Sector allocation, a result of bottom-up stock selection, was modestly negative. The Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Telecommunication Services and Health Care and our underweights (i.e. the Fund’s sector position was less than the benchmark position) to Materials and Consumer Discretionary detracted from relative returns.
The top detractors from relative performance during the period included UBS (Financials), National Grid (Utilities) and East Japan Railway (Industrials). Shares of Swiss-based financial services provider UBS declined during the period following a larger-than-expected quarterly earnings loss and legal entanglement with the U.S. and Swiss governments. Shares of National Grid, a U.K. and U.S. transmission and distribution utility, declined due to economic weakness and concerns over the company’s ability to refinance its debt. Shares of East Japan Railway declined with a reduction in volumes, especially higher yielding business traffic, which is negatively affecting profitability. Other detractors from absolute (i.e. total return) returns included France Telecom
33 |
Table of Contents
(Telecommunication Services) and Nippon Telephone & Telegraph (Telecommunication Services).
Top contributors to relative performance during the period included Rio Tinto (Materials), Toronto-Dominion Bank (Financials) and ING Groep (Financials). Shares of diversified mining company Rio Tinto benefited from rising copper prices and the company’s reduced balance sheet risk following the recently proposed funding deal with Aluminum Corporation of China (CHINALCO). Shares of Toronto-Dominion, a Canadian-based bank with significant U.S. operations, rose after the company beat consensus expectations citing better-than-expected net interest income and trading profits. Shares of ING Groep, a Netherlands-based global banking, investments and insurance company, rose after the company announced plans to reduce risk by selling certain operations, refocus its bank on Europe, and manage its banking and insurance operations separately. Additional contributors to absolute returns included Impala Platinum (Materials).
What is the outlook?
Earlier this year, we believed that the market was undervaluing companies with relatively predictable cash flows. This insight was reflected in higher portfolio weights in Health Care and Telecom Services where we were able to find well managed companies with high free cash flow yields or strong future growth prospects at compelling valuations. We recently began to reduce our overweight in Health Care following M&A (Mergers & Acquisitions) activity and strong sector performance which reduced valuation upside. We have recently built a larger position in Financials after having been cautious on the sector since 2006. We are finding a range of attractively valued opportunities in the sector.
At a macro level, we expect some possibility for economic recovery in late 2009 if we see continued coordinated monetary policy and additional U.S. stimulus. On a longer term view, we believe the uncertainty remains and we could see one of three possible scenarios with very different outcomes: 1) improvement in the credit environment — which would benefit Financials and leveraged companies; 2) reflation — which would favor cyclicals and emerging market companies; or 3) deflation — which would favor companies with stable EPS and strong balance sheets. We continue to approach opportunities on a stock-by-stock basis and to find attractive opportunities but have been mindful in constructing a portfolio which is not too heavily weighted to any one economic scenario.
Regional weights continue to reflect bottom up (i.e. stock by stock fundamental research) stock selection. During the period we increased positions in emerging markets. Japan has structural issues in our view, and management there often lacks a focus on shareholder returns. As a result, the region continues to be a poor fit with our focus on companies with high or improving returns on capital. We ended the period most underweight Utilities, Information Technology and Energy and most overweight Financials, Consumer Staples, and Health Care relative to the benchmark.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.4 | % | ||
Banks | 15.6 | |||
Capital Goods | 4.5 | |||
Commercial & Professional Services | 0.6 | |||
Consumer Durables & Apparel | 1.6 | |||
Consumer Services | 1.0 | |||
Diversified Financials | 4.8 | |||
Energy | 9.8 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 7.3 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 1.0 | |||
Insurance | 0.9 | |||
Materials | 9.7 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 2.8 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.8 | |||
Real Estate | 3.3 | |||
Retailing | 1.3 | |||
Semiconductors & Semiconductor Equipment | 0.9 | |||
Software & Services | 1.6 | |||
Technology Hardware & Equipment | 2.3 | |||
Telecommunication Services | 6.6 | |||
Transportation | 5.0 | |||
Utilities | 3.4 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.4 | % | ||
Belgium | 0.6 | |||
Brazil | 2.5 | |||
Canada | 5.9 | |||
China | 2.5 | |||
Denmark | 0.5 | |||
France | 6.2 | |||
Germany | 7.3 | |||
Greece | 1.1 | |||
Hong Kong | 4.8 | |||
Ireland | 2.6 | |||
Israel | 2.3 | |||
Japan | 12.5 | |||
Mexico | 0.8 | |||
Netherlands | 2.6 | |||
Russia | 0.9 | |||
South Africa | 2.0 | |||
South Korea | 0.9 | |||
Spain | 4.8 | |||
Switzerland | 7.5 | |||
Taiwan | 1.1 | |||
United Kingdom | 22.9 | |||
United States | 3.1 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
34 |
Table of Contents
Hartford International Small Company HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649018.gif)
S&P EPAC SmallCap Index, formerly S&P/CitiGroup Euro-Pacific Asia Composite (EPAC) Extended Market Index (EMI), is a developed-market equity index representing the bottom 15% of the cumulative available capital, by country, of the S&P EPAC Broad Market Index (BMI). The S&P EPAC BMI captures all companies in developed market countries, as defined by Standard & Poor’s, within Europe and the Asia Pacific region. To meet the eligibility criteria, companies must have float-adjusted market capitalizations of at least US$100 million and trailing 12 month trading volume of at least US$75 million or if their trailing 12 month trading volume falls below US$35 million during the annual index reconstruction.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
International Small Co IA | -30.05 | % | 2.87 | % | 6.80 | % | ||||||
International Small Co IB | -30.22 | % | 2.62 | % | 6.54 | % | ||||||
S&P EPAC SmallCap Index | -30.09 | % | 4.22 | % | 7.43 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||
Simon H. Thomas | Daniel Maguire, CFA | |
Vice President | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford International Small Company HLS Fund returned 10.85% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P EPAC SmallCap Index, which returned 17.33% for the same period. The Fund outperformed the 7.56% return of the average fund in the Lipper International Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. Overall, global equity market performance was positive for the period across all market capitalizations. All ten sectors in the S&P EPAC SmallCap Index rose during the period, led by Energy, Information Technology, and Telecommunications Services. Consumer Staples and Utilities rose the least during the period.
The Fund underperformed its benchmark primarily due to weak stock selection within Health Care, Information Technology and Consumer Discretionary which overshadowed strong positive stock selection within Consumer Staples and Energy. Sector allocation, which is largely a result of the bottom-up stock selection process, added modestly to relative (i.e. performance of the Fund as measured against the benchmark) returns. In particular, the Fund’s overweight (i.e. the Fund’s sector position was greater than the benchmark position) position to relatively strong Energy stocks and an underweight (i.e. the Fund’s sector position was less than the benchmark position) position to relatively weak Financials stocks added value. However, a modest cash position hurt relative returns in the upward trending market.
Among the top detractors from relative and absolute (i.e. total return) returns were Shionogi (Health Care), Jupiter Telecommunication (Consumer Discretionary) and Aeon Delight (Industrials). Shares of Japanese pharmaceutical company Shionogi fell after the company reported that its third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales
35 |
Table of Contents
suffered due to the appreciating Yen. Its share price weakened further following news that its obesity drug in phase 2 development reported mixed results and would need further development before entering phase 3. Shares of Jupiter Telecommunication, the largest cable television network operator in Japan and provider of cable television, high speed internet access and telephone services, declined due to weak subscriber growth and increased competition in the Kansai region. Shares of Japanese real estate maintenance contractor Aeon Delight fell sharply due to investor concerns that the company is focused on a narrow market that could have risks for higher losses.
Among the top contributors to relative and absolute returns were Karoon Gas Australia (Energy), Dufry Group (Consumer Discretionary) and Worley Parsons (Energy). Shares of Karoon Gas Australia, a pure-play energy exploration company with investments in Australia, Peru and Brazil, surged after the company announced positive drilling results at a key offshore site north of Western Australia. Shares of Dufry Group, an operator of retail shops in airports, recovered as investors gained confidence in management’s ability to operate through the downturn and achieve margin goals despite a slowdown in consumer spending. Shares of Worley Parsons, a global engineering and consulting firm to the petrochemical and mining industries, has rebounded from prior period weakness due to the resurgence in the price of oil. The Fund’s relative performance also benefited from our decision not to own Wolseley (Industrials), a benchmark component whose shares fell during the period.
What is the outlook?
At a macro level, deterioration in economic data has begun to reverse and we believe the global economy is entering a bottoming process. Coordinated government intervention has helped to stabilize the financial sector, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and an improved ability for companies to raise both debt and equity financing. However, indications of demand side strength remain muted and government spending cannot provide the long-term growth engine needed for a sustained recovery. Given this uncertain backdrop, we continue to favor higher quality companies with cleaner balance sheets, greater revenue transparency and predictability, and nimble cost structures where management teams have flexibility to adapt to changing macro circumstances.
We select stocks in the Fund one at a time based on their individual merits. At the end of the period we were most overweight Energy, Health Care, and Consumer Staples stocks and most underweight Financials and Consumer Discretionary versus the benchmark. During the period we reduced our underweight to Financials, adding to diversified financials, in particular brokers (Jafco) and exchanges (Osaka). We remain underweight banks and real estate due to the continued likelihood of loan losses and asset write-downs.
On a regional basis, our greatest underweight position at the end of the period was in Europe, mostly due to less-than-benchmark exposures to Spain, the United Kingdom and Germany, as valuations no longer appear compelling relative to the risk/reward profile of many companies in these regions. This was offset by overweight positions in select developed markets such as Australia and France, and select emerging markets such as Brazil and China.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.4 | % | ||
Banks | 3.5 | |||
Capital Goods | 13.9 | |||
Commercial & Professional Services | 7.2 | |||
Consumer Durables & Apparel | 2.2 | |||
Consumer Services | 2.1 | |||
Diversified Financials | 4.3 | |||
Energy | 6.6 | |||
Food & Staples Retailing | 1.9 | |||
Food, Beverage & Tobacco | 3.0 | |||
Health Care Equipment & Services | 3.2 | |||
Household & Personal Products | 2.2 | |||
Insurance | 3.3 | |||
Materials | 10.1 | |||
Media | 1.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.4 | |||
Real Estate | 2.5 | |||
Retailing | 6.8 | |||
Semiconductors & Semiconductor Equipment | 2.5 | |||
Software & Services | 4.7 | |||
Technology Hardware & Equipment | 2.9 | |||
Telecommunication Services | 0.6 | |||
Transportation | 1.7 | |||
Utilities | 1.6 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 8.1 | % | ||
Belgium | 1.5 | |||
Brazil | 1.8 | |||
Canada | 0.5 | |||
Cayman Islands | 0.7 | |||
China | 0.7 | |||
Finland | 2.0 | |||
France | 10.6 | |||
Germany | 4.2 | |||
Guernsey Channel Isle | 0.5 | |||
Hong Kong | 2.9 | |||
India | 0.1 | |||
Indonesia | 0.5 | |||
Israel | 0.5 | |||
Italy | 2.3 | |||
Japan | 25.6 | |||
Jersey | 0.7 | |||
Netherlands | 0.5 | |||
Norway | 1.6 | |||
Russia | 0.6 | |||
Singapore | 0.8 | |||
South Korea | 3.0 | |||
Spain | 0.5 | |||
Sweden | 2.6 | |||
Switzerland | 8.4 | |||
United Kingdom | 15.3 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
36 |
Table of Contents
Hartford LargeCap Growth HLS Fund inception 5/1/1998
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649019.gif)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
LargeCap Growth IA | -29.09 | % | -4.06 | % | -2.91 | % | ||||||
LargeCap Growth IB | -29.28 | % | -4.31 | % | -3.16 | % | ||||||
Russell 1000 Growth Index | -24.50 | % | -1.83 | % | -4.18 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. | |
(3) | Class IB shares commenced on March 31, 2008. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager | ||
Hugh Whelan, CFA | Edward Caputo, CFA | |
Managing Director | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford LargeCap Growth HLS Fund returned 11.39% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 1000 Growth Index, which returned 11.53%, and the Lipper Large-Cap Growth VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 12.22%.
Why did the Fund perform this way?
During the period, the Fund’s slight underperformance was primarily driven by an underweight (i.e. the Fund’s sector position was less than the benchmark position) to the Energy sector. Adding to performance was positive security selection, notably the favorable stock selection in Materials and Financials, which helped mitigate the negative impact of stock selection in the Energy and Consumer Discretionary sectors.
Among the largest detractors to relative returns were underweights to Schlumberger Ltd (Energy) and Occidental Petroleum Corp (Energy). Schlumberger shares rose during the quarter, driven by strong financial results that beat analyst estimates, as well as favorable oil prices which helped all firms in the oil services industry. Despite weak quarterly results, shares of Occidental Petroleum also rose along with the price of oil.
Among the largest contributors to relative (i.e. performance of the Fund as measured against the benchmark) returns were Terra Industries (Materials) and Waddell & Reed (Financials). Terra Industries benefited from strength in the agricultural and industrial markets as well as merger activity. After hitting a low in early March, shares of Waddell & Reed climbed higher over the remainder of the period, driven by strong quarterly results and a rally in the Financials sector.
The portfolio’s current top holdings as of June 30, 2009 are Microsoft Corp (Information Technology) and Johnson & Johnson (Health Care). Microsoft is a top holding primarily due to a combination of strong business performance (exhibited by attractive returns on invested capital) and positive investor sentiment. Similarly, Johnson & Johnson is a top holding primarily due to management showing discipline in its capital outlays during these trying markets, as well as a strong consensus around the company’s outlook from the analyst community.
37 |
Table of Contents
The Fund invests in companies that we believe have compelling stock characteristics versus the Russell 1000 Growth Index. The Fund’s systematic approach weighs more than 50 fundamental characteristics across four broad categories, including business behavior, management behavior, valuation and investor behavior. This analysis is used to build a broadly diversified portfolio of companies, with sector weightings determined largely by the attractiveness of specific stocks within the Fund’s investment universe.
We believe this approach will yield attractive risk-adjusted returns relative to the Russell 1000 Growth Index over the long term.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally, or by the aggregate fundamentals of the market. We believe that there will be a rotation — for the second half of the year strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals, and most expectations are that meaningful improvement in fundamentals will not occur until later in 2009.
At a meeting held on February 3-4, 2009, the Board of Directors of Hartford HLS Series Fund II, Inc. approved the reorganization (the “Reorganization”) of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) with and into Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”).
The Board of Directors has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (“Reorganization Agreement”) with respect to the Acquired Fund. If approved, the Reorganization is expected to occur on or about October 2, 2009.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Capital Goods | 5.6 | % | ||
Commercial & Professional Services | 0.9 | |||
Consumer Durables & Apparel | 0.3 | |||
Consumer Services | 7.2 | |||
Diversified Financials | 4.2 | |||
Energy | 2.7 | |||
Food & Staples Retailing | 1.8 | |||
Food, Beverage & Tobacco | 6.0 | |||
Health Care Equipment & Services | 8.5 | |||
Household & Personal Products | 4.8 | |||
Insurance | 0.3 | |||
Materials | 5.2 | |||
Media | 2.5 | |||
Other Investment Pools and Funds | 0.1 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.3 | |||
Retailing | 8.9 | |||
Semiconductors & Semiconductor Equipment | 3.5 | |||
Software & Services | 13.5 | |||
Technology Hardware & Equipment | 11.7 | |||
Transportation | 0.3 | |||
Utilities | 1.5 | |||
Short-Term Investments | 1.5 | |||
Other Assets and Liabilities | (0.3 | ) | ||
Total | 100.0 | % | ||
38 |
Table of Contents
Hartford MidCap HLS Fund* inception 7/14/1997
(subadvised by Wellington Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649020.gif)
S&P MidCap 400 Index is an unmanaged index of common stocks of companies chosen by S&P designed to represent price movements in the midcap U.S. equity market.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
MidCap IA | -28.96 | % | 3.13 | % | 7.77 | % | ||||||
MidCap IB | -29.16 | % | 2.87 | % | 7.52 | % | ||||||
S&P MidCap 400 Index | -28.02 | % | 0.36 | % | 4.62 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. | |
(3) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
*The Fund has restrictions on the purchase of shares. A description of the restrictions can be found in the prospectus.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Phillip H. Perelmuter
Senior Vice President, Partner
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford MidCap HLS Fund returned 6.82% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P MidCap 400 Index, which returned 8.47% for the same period. The Fund also underperformed the 7.30% return of the average fund in the Lipper Mid-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The global equity markets were volatile during the period, reflecting investors’ fluctuating reactions to economic data and the U.S. government’s involvement to help mitigate the financial crisis. The broad U.S. equity market posted positive returns for the period. Mid cap stocks (8.5%) outperformed small cap (2.6%) and large cap stocks (3.2%) during the period, as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (14.5%) significantly outpaced Value (-0.6%) during the period, as measured by the Russell 2500 Growth and Russell 2500 Value indices. Within the S&P MidCap 400 Index, eight out of ten sectors posted positive returns. Energy (24%), Information Technology (23%) and Consumer Discretionary (23%) were the best performers while Financials (-13%) and Telecommunication Services (-3%) declined.
Underperformance versus the benchmark was driven by security selection which was weakest within Consumer Discretionary, Energy and Materials and more than offset favorable positive stock selection within Financials and Health Care. Sector allocations, driven by our bottom-up stock selection process, contributed to relative (i.e. performance of the Fund as measured against the benchmark) returns during the period, primarily due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) position in the weaker-performing Financials sector and overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in Information Technology and Health Care.
Top detractors from relative performance included Western Digital (Information Technology), WR Berkeley (Financials) and Humana (Health Care). Shares of disk drive maker Western Digital rose after the company cut costs and realigned production in response to slowing demand. We did not own shares of the stock, which is a component of the benchmark, hurting the Fund’s benchmark-relative returns. Property and
39 |
Table of Contents
casualty insurance company WR Berkley’s shares declined after the company reported lower-than-expected earnings due to higher realized investment losses and weather-related claims. Shares of Humana, a health insurance and supplemental benefits company, fell due to concerns about the impact of government healthcare reforms. Republic Services (Industrials) detracted from absolute (i.e. total return) performance.
Top contributors to benchmark-relative returns included Life Technologies (Health Care), Teradata (Information Technology) and Red Hat (Information Technology). Life Technologies, created through the recent merger of Invitrogen and Applied Biosystems, is a provider of tools and cultures used in genetic research and drug development. The company’s shares rose during the period due to Wall Street’s expectations that the company would benefit from strong synergies after the merger. Shares of Teradata, a hardware and software vendor specializing in data warehousing and analytic applications, rose following the company’s earnings report that highlighted a meaningful margin improvement and an increase in operating income. Red Hat, a leading provider of open source enterprise software solutions, gained market share in a tight information technology spending environment. The company’s shares benefited from solid quarterly results as the firm’s value-oriented product offerings proved compelling in the challenging economic environment. During the period, NetApp (Information Technology) was a significant contributor to absolute returns.
What is the outlook?
The “leading indicator” we rely on most heavily in selecting stocks for the Fund is the mosaic of information we are able to glean through our many meetings with company management teams. Right now we are paying particularly close attention to the tone of these meetings to help us determine whether things are getting better or worse. Signs of improvement — or even lessening deterioration — can have a powerful influence on sentiment and stock prices. Broadly speaking, at this point it sounds as though business activity is flattening as opposed to declining: operations have been streamlined, inventories slashed, and expectations reined in. Stabilization alone could lead to some upside surprises. At the same time stimulus programs are rapidly advancing from the idea stage to actual funding. Finally, while credit markets remain tight, they are beginning to show signs of healing.
Our efforts are focused on picking stocks based on a bottom-up review of their fundamentals. As a result of these individual stock decisions, we ended the period with our most significant overweight positions relative to the benchmark in the Consumer Discretionary, Health Care, and Information Technology sectors. Our largest underweights relative to the benchmark were in Materials, Financials, and Industrials.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 3.7 | % | ||
Capital Goods | 9.0 | |||
Commercial & Professional Services | 2.2 | |||
Consumer Durables & Apparel | 2.1 | |||
Consumer Services | 5.1 | |||
Diversified Financials | 0.5 | |||
Energy | 7.4 | |||
Food & Staples Retailing | 1.4 | |||
Food, Beverage & Tobacco | 2.4 | |||
Health Care Equipment & Services | 10.0 | |||
Household & Personal Products | 0.8 | |||
Insurance | 7.1 | |||
Materials | 3.4 | |||
Media | 2.7 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.1 | |||
Real Estate | 2.7 | |||
Retailing | 8.0 | |||
Semiconductors & Semiconductor Equipment | 2.1 | |||
Software & Services | 7.6 | |||
Technology Hardware & Equipment | 6.4 | |||
Telecommunication Services | 1.0 | |||
Transportation | 1.1 | |||
Utilities | 5.6 | |||
Short-Term Investments | 1.9 | |||
Other Assets and Liabilities | 0.7 | |||
Total | 100.0 | % | ||
40 |
Table of Contents
Hartford MidCap Growth HLS Fund inception 5/1/1998
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649021.gif)
Russell MidCap Growth Index is an unmanaged index measuring the performance of the mid-cap growth segment of the U.S. equity universe.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
MidCap Growth IA | -30.51 | % | -2.16 | % | 1.61 | % | ||||||
MidCap Growth IB | -30.66 | % | -2.40 | % | 1.36 | % | ||||||
Russell MidCap Growth Index | -30.33 | % | -0.44 | % | 0.02 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. | |
(3) | Class IB shares commenced on March 31, 2008. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager | ||
Hugh Whelan, CFA | Paul Bukowski, CFA | |
Managing Director | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford MidCap Growth HLS Fund returned 17.95% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell Midcap Growth Index, which returned 16.61 %, and the Lipper Mid-Cap Growth VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 14.30%.
Why did the Fund perform this way?
Over the six-month period ended June 30, 2009, the primary driver of outperformance versus the benchmark was positive security selection within the Information Technology, Industrials and Materials sectors, as well as an underweight (i.e. the Fund’s sector position was less than the benchmark position) allocation to the Industrials sector. This outperformance was offset slightly by adverse security selection in the Consumer Discretionary and Energy sectors.
Among the largest contributors to relative (i.e. performance of the Fund as measured against the benchmark) returns were Ashland Inc. (Materials) and Commscope (Information Technology). Ashland reported better-than-expected earnings. Commscope also reported better-than-expected earnings for the first and second quarters.
The primary detractors to relative return were an overweight (i.e. the Fund’s sector position was greater than the benchmark position) in aluminum producer Century Aluminum (Materials), whose stock suffered in the face of plummeting aluminum prices, and an underweight position in the off-price retailer TJX Companies (Consumer Discretionary), which continued to beat analyst estimates as consumers turned to discounters amidst tough economic times.
The Fund invests in companies that we believe have compelling stock characteristics versus the Russell MidCap Growth Index. The Fund’s systematic approach weighs 30 fundamental characteristics across four broad categories, including business behavior, management behavior, valuation and investor behavior. This analysis is used to build a broadly diversified portfolio of companies, with sector weightings determined largely by the attractiveness of specific stocks within the Fund’s investment universe.
As of the end of the period, the Fund’s top holdings included overweight positions in Ashland (Materials) and Aeropostale (Consumer Discretionary), a clothing retailer. Ashland is a top holding due to positive investor sentiment coupled with strong valuations. Aeropostale is a top holding due to strong
41 |
Table of Contents
management discipline (as evidenced by controlled capital spending and solid management of inventories) while the company continues to increase margins and return on equity. Overall, the Fund tends to invest in financially efficient companies with attractive valuations and higher margins.
We believe this approach will yield attractive risk-adjusted returns relative to the Russell MidCap Growth Index over the long term.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally or by the aggregate fundamentals of the market. We believe that there will be a rotation for the second half of the year. Strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals, and most expectations are that meaningful improvement in fundamentals will not occur until the fourth quarter.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Capital Goods | 10.1 | % | ||
Commercial & Professional Services | 2.8 | |||
Consumer Durables & Apparel | 3.0 | |||
Consumer Services | 6.1 | |||
Diversified Financials | 7.1 | |||
Energy | 4.7 | |||
Food, Beverage & Tobacco | 5.3 | |||
Health Care Equipment & Services | 8.2 | |||
Household & Personal Products | 1.3 | |||
Insurance | 1.5 | |||
Materials | 5.3 | |||
Media | 2.0 | |||
Other Investment Pools and Funds | 0.2 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 3.4 | |||
Real Estate | 1.4 | |||
Retailing | 7.9 | |||
Semiconductors & Semiconductor Equipment | 9.4 | |||
Software & Services | 9.5 | |||
Technology Hardware & Equipment | 5.5 | |||
Telecommunication Services | 1.1 | |||
Transportation | 1.2 | |||
Utilities | 1.1 | |||
Short-Term Investments | 2.1 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
42 |
Table of Contents
Hartford MidCap Value HLS Fund* inception 4/30/2001
(subadvised by Wellington Management Company)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649022.gif)
Russell 2500 Value Index is an unmanaged index measuring the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
MidCap Value IA | -21.42 | % | -0.80 | % | 2.93 | % | ||||||
MidCap Value IB | -21.62 | % | -1.04 | % | 2.68 | % | ||||||
Russell 2500 Value Index | -26.24 | % | -1.56 | % | 3.88 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
*The Fund has restrictions on the purchase of shares. A description of the restrictions can be found in the prospectus.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
James N. Mordy
Senior Vice President, Partner
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford MidCap Value HLS Fund returned 10.79% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 2500 Value Index, which returned - -0.56% for the same period. The Fund also outperformed the 6.42% return of the average fund in the Lipper Mid-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Following the steep global markets sell-off in 2008, equities continued to decline sharply early in 2009, reaching a 12-year bottom during the month of March. Strong government intervention, coupled with a sequential improvement in economic indicators and consumer sentiment, led to a significant market rally off the March lows. Nascent signs of a bottoming in the fortunes of the financial industry and aggressive intervention by the Fed fueled the rally into the second quarter of 2009 despite continuing softness in demand and high unemployment.
During the period, mid cap stocks (+8.5%) outperformed small (+2.6%) and large cap stocks (+3.2%), as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth stocks (+14.5%) significantly outpaced Value stocks (-0.6%) during the period, as measured by the Russell 2500 Growth and Russell 2500 Value indices. Sector performance within the Russell 2500 Value Index was mixed, with Information Technology (+25%), Consumer Discretionary (+19%), and Materials (+14%) posting sharp gains while Financials (-17%), Industrials (-8%), and Utilities (-3%) fell during the period.
The Fund’s outperformance versus the benchmark was driven primarily by favorable stock selection, which was additive in seven of ten broad economic sectors. Stock selection was strongest within Financials, Consumer Staples, and Energy, while results lagged the benchmark in Health Care and Industrials. Overall sector allocation, a result of bottom-up security selection, contributed positively to relative (i.e. performance of the Fund as measured against the benchmark) performance, particularly the Fund’s underweight (i.e. the Fund’s sector position was less than the benchmark position) position in Financials and overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in
43 |
Table of Contents
Information Technology, Health Care and Consumer Discretionary.
The largest contributors to absolute (i.e. total return) and benchmark-relative performance included Marine Harvest (Consumer Staples), Virgin Media (Telecom & Media), and PHH (Financials). Salmon farming company Marine Harvest’s shares gained significantly as constrained industry supply out of Chile sent wholesale salmon prices to multi-year highs. In addition, Wall Street’s concerns that the company would need to raise equity to repay debt abated as interest coverage metrics improved with higher product prices. Virgin Media, a U.K.-based cable and entertainment company, saw its stock recover from very depressed levels as investor sentiment improved around a number of favorable developments: an improved U.K. cable pricing environment, an upgraded network, and an improved outlook for the company’s balance sheet. Shares of PHH, a leading provider of private label mortgage services and commercial fleet vehicle management, rose during the period due to robust profit margins from both of the company’s business lines.
The largest detractors from relative returns included Delta Air Lines (Industrials), Kimco Realty (Financials) and Reinsurance Group of America (Financials). Shares of Delta fell as demand for air travel declined even faster than aggressive industry capacity cuts, while a reduction in high-fare business travel also affected revenue-per-seat metrics. Kimco Realty, a U.S. REIT (Real Estate Investment Trust) specializing in the development, management and acquisition of shopping centers, experienced stock price pressure on concerns over the company’s joint venture leverage and debt maturities over the next 12-18 months. Shares of Reinsurance Group of America, a life reinsurance company, were weak on concerns about exposure to variable annuities as well as fears of future markdowns on its investment portfolio. Top detractors from absolute returns also included CACI International (Information Technology).
What is the outlook?
The global economic downturn appears to have eased in recent months. Given unprecedented fiscal and monetary stimulus around the globe, we expect to see the beginnings of a synchronized global recovery commencing during the second half of 2009 and into 2010.
We anticipate a manufacturing-led recovery in the U.S. as inventories have been depleted and auto production is set to rebound from low levels. We believe the recovery will be modest, as employment lags, the consumer further increases savings, and the financial sector continues to deleverage. We do not anticipate a meaningful increase in inflation anytime soon, but recognize that the Federal Reserve will eventually have to begin reducing excess liquidity. In our opinion, the priorities of the Obama administration will also weigh on future growth.
Given this view, we believe the move in some of the more cyclical sectors of the market may have been too much, too soon. Recently, and partly due to Russell 2500 Value Index rebalancing in late June, we have decreased our relative exposure to Materials, Industrials, and Health Care. We increased our exposure (and reduced our underweight) to Financials, sensing a buying opportunity in a number of banks’ capital raises. We will look for opportunities to purchase select cyclicals on weakness. At the end of the period, we were most overweight Health Care, Information Technology, and Consumer Discretionary and most underweight Financials, Utilities, and Industrials.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.1 | % | ||
Banks | 3.5 | |||
Capital Goods | 6.8 | |||
Commercial & Professional Services | 0.7 | |||
Consumer Durables & Apparel | 5.6 | |||
Diversified Financials | 8.9 | |||
Energy | 5.7 | |||
Food, Beverage & Tobacco | 5.0 | |||
Health Care Equipment & Services | 4.7 | |||
Insurance | 9.9 | |||
Materials | 7.3 | |||
Media | 2.1 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 4.5 | |||
Real Estate | 3.6 | |||
Retailing | 4.6 | |||
Semiconductors & Semiconductor Equipment | 3.8 | |||
Software & Services | 2.5 | |||
Technology Hardware & Equipment | 7.0 | |||
Transportation | 2.9 | |||
Utilities | 8.7 | |||
Short-Term Investments | 0.9 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
44 |
Table of Contents
Hartford Small Company HLS Fund inception 8/9/1996
(subadvised by: Wellington Management Company, LLP
Hartford Investment Management Company)
Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649023.gif)
Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Small Company IA | -30.35 | % | 1.09 | % | 1.94 | % | ||||||
Small Company IB | -30.50 | % | 0.85 | % | 1.71 | % | ||||||
Russell 2000 Growth Index | -24.85 | % | -1.32 | % | -0.89 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Wellington Management Company, LLP | Hartford Investment Management Company | |||||||
Steven C. Angeli, CFA | Stephen Mortimer | Mario E. Abularach, CFA, CMT | Hugh Whelan, CFA | Kurt Cubbage, CFA | ||||
Senior Vice President, Partner | Senior Vice President | Vice President | Managing Director | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Small Company HLS Fund returned 5.23% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 2000 Growth Index which returned 11.36% for the same period. The Fund underperformed the 11.17% return of the average fund in the Lipper Small Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. In this environment, small cap, mid cap and large cap stocks all rose during the period, as measured by the Russell 2000 (2.6%), S&P MidCap 400 (8.5%) and S&P 500 (3.2%) indices, respectively. Eight of ten sectors within the Russell 2000 Growth Index rose during the period. Information Technology (30%) and Consumer Discretionary (24%) were the strongest performing sectors while Industrials (-4%) and Financials (-4%) declined.
The Fund underperformed its benchmark during the period primarily due to weak stock selection within Consumer Discretionary and Health Care. Sector allocation helped benchmark-relative (i.e. performance of the Fund as measured against the benchmark) performance. Specifically, our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in Consumer Discretionary and an underweight (i.e. the Fund’s sector position was less than the benchmark position) in Energy contributed to returns. Stock selection in Financials also helped relative performance during the period.
Stocks that detracted the most from relative returns during the period included Corinthian Colleges (Consumer Discretionary), Dendreon (Health Care), and Covanta (Industrials). Corinthian Colleges, a post-secondary education services company with operations in the United States and Canada, was a new position during the period. Shares of the company fell together with other education stocks due to regulatory worries. Shares of Seattle-based biotechnology company Dendreon rose significantly
45 |
Table of Contents
following the company’s announcement that data from their advanced prostate cancer drug Provenge demonstrated the ability to prolong survival in men versus the placebo. We did not own the stock which detracted from our benchmark-relative returns. Waste management company Covanta’s shares declined following company management’s announcement of its 2009 outlook which revealed a higher degree of economic sensitivity than investors originally expected. Significant detractors from absolute (i.e. total return) returns also included Smithfield Foods (Consumer Staples) and Vaalco Energy (Energy).
Top contributors to relative and absolute performance during the period included ON Semiconductor (Information Technology), SeaGate Technology (Information Technology) and Jarden (Consumer Discretionary). Shares of ON Semiconductor, a global supplier of semiconductors and component devices, increased during the period due to stabilizing business trends and continued progression in order activity which appeared to indicate a bottoming in the semiconductor cycle. Shares of disk-drive manufacturer SeaGate Technology gained value after the company raised the revenue outlook for fourth quarter of 2009 and predicted a stronger-than-expected recovery in global disk drive demand. Shares of Jarden, a consumer products company with a diversified portfolio of niche brands, increased as the company’s earnings exceeded expectations due to better-than-expected sales, solid revenues, and working capital improvements.
What is the outlook?
We are in a period of tremendous uncertainty, which has undermined confidence and with it, stock prices. At the same time stimulus programs are rapidly advancing from the idea stage to actual funding. And while credit markets remain tight, they are beginning to show signs of healing.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research to build a portfolio of the most attractive stocks that we see as having unique business models or special market opportunities that should allow them to deliver superior growth. The Fund was overweight in Consumer Discretionary and Consumer Staples relative to the Russell 2000 Growth Index at the end of the period. The Fund ended the period most underweight Health Care and Industrials.
At June 30, 2009, 53% of the Fund’s assets were managed by Wellington Management Company and 47% of the assets were managed by Hartford Investment Management Company.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.0 | % | ||
Banks | 1.1 | |||
Capital Goods | 8.0 | |||
Commercial & Professional Services | 2.6 | |||
Consumer Durables & Apparel | 5.4 | |||
Consumer Services | 7.3 | |||
Diversified Financials | 1.4 | |||
Energy | 3.7 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 1.5 | |||
Health Care Equipment & Services | 12.5 | |||
Household & Personal Products | 1.4 | |||
Insurance | 1.4 | |||
Materials | 2.3 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 1.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 8.6 | |||
Real Estate | 1.0 | |||
Retailing | 4.3 | |||
Semiconductors & Semiconductor Equipment | 4.1 | |||
Software & Services | 14.7 | |||
Technology | 0.0 | |||
Technology Hardware & Equipment | 7.9 | |||
Telecommunication Services | 1.8 | |||
Transportation | 2.2 | |||
Utilities | 0.4 | |||
Short-Term Investments | 2.4 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
46 |
Table of Contents
Hartford SmallCap Growth HLS Fund inception 5/2/1994
(subadvised by: Wellington Management Company, LLP
Hartford Investment Management Company)
Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649024.gif)
Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks long-term capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
SmallCap Growth IA | -26.82 | % | -2.68 | % | 1.48 | % | ||||||
SmallCap Growth IB | -27.00 | % | -2.91 | % | 1.23 | % | ||||||
Russell 2000 Growth Index | -24.85 | % | -1.32 | % | -0.89 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Wellington Management Company, LLP | Hartford Investment Management Company | |||||
David J. Elliot, CFA | Mammen Chally, CFA | Hugh Whelan, CFA | Kurt Cubbage, CFA | |||
Vice President | Vice President | Managing Director | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford SmallCap Growth HLS Fund returned 8.90% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 2000 Growth Index, which returned 11.36%. For the same period, the Fund also underperformed the 11.17% return of the average fund in the Lipper Small Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index) rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined, as measured by the Russell 1000 Growth and Russell 1000 Value Indexes, respectively. Eight of the ten sectors in the Russell 2000 Growth Index had positive returns during the period. The Information Technology (+29.7%), and Consumer Discretionary (+23.7%) sectors performed best, while Industrials (-4.2%) and Financials (-3.5%) were the only sectors to post declines.
Fund performance was driven by stock selection; sector allocation had very little impact on benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns. Underperformance relative to the benchmark was primarily a result of weak selection in the Health Care, Consumer Discretionary and Materials sectors, which more than
47 |
Table of Contents
offset strong selection in Telecommunication Services and Consumer Staples.
Healthspring (Health Care), Kendle International (Health Care), and Esterline Technologies (Industrials) detracted most from relative and absolute (i.e. total return) returns during the period. Healthspring, a managed health care organization focused on Medicare, saw its share price fall early in the period as fourth quarter earnings were lower than expected, reflecting higher Medicare Advantage loss ratios and lower investment yields. Kendle International provides development services on a contract basis to the biopharmaceutical industry worldwide. Kendle’s shares fell after the company did not meet Wall Street expectations for the first quarter, citing large project cancellations, project delays, and reductions in new business signings. Shares of Esterline Technologies, a specialized manufacturing company principally serving aerospace and defense customers, declined after the company announced earnings guidance that was below expectations. Other significant detractors from absolute returns during the period were specialty pharma company Medicines (Health Care) and Vaalco Energy (Energy).
Among the top contributors to relative performance were CV Therapeutics (Health Care), Starent Networks (Information Technology), and Atlantic Tele-Network (Telecommunication Services). Shares of U.S.-based pharmaceutical company CV Therapeutics rose following a buyout offer from Japanese drug maker Astellas Pharma. Starent Networks, a provider of infrastructure hardware and software products and services, performed well in the second quarter after the company beat earnings estimates and raised its earnings outlook for the year. Atlantic Tele-Network is a provider of wireless and wireline telecommunications services in North America and the Caribbean. The market reacted favorably to the company’s purchase of U.S. wireless assets from Verizon Wireless, which is transformative in giving Atlantic Tele-Network a national wireless footprint. Top contributors to absolute results also included technology companies Skyworks Solutions and Riverbed Technology and personal care products and nutritional supplements company Nu Skin Enterprises (Consumer Staples).
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research in a disciplined framework to build a portfolio of the most attractive stocks. At June 30, 2009, the Fund ended the period most overweight (i.e. the Fund’s sector position was greater than the benchmark position) Financials and Consumer Staples, and most underweight (i.e. the Fund’s sector position was less than the benchmark position) Energy relative to the Russell 2000 Growth Index.
At June 30, 2009, 91% of the Fund’s assets were managed by Wellington Management Company and 9% of the assets were managed by Hartford Investment Management Company.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.3 | % | ||
Banks | 1.4 | |||
Capital Goods | 10.0 | |||
Commercial & Professional Services | 3.6 | |||
Consumer Durables & Apparel | 2.8 | |||
Consumer Services | 4.7 | |||
Diversified Financials | 1.2 | |||
Energy | 4.5 | |||
Food & Staples Retailing | 0.7 | |||
Food, Beverage & Tobacco | 0.7 | |||
Health Care Equipment & Services | 9.9 | |||
Household & Personal Products | 2.4 | |||
Insurance | 2.1 | |||
Materials | 1.7 | |||
Media | 2.2 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 13.8 | |||
Real Estate | 1.1 | |||
Retailing | 4.4 | |||
Semiconductors & Semiconductor Equipment | 5.0 | |||
Software & Services | 12.9 | |||
Technology | 0.2 | |||
Technology Hardware & Equipment | 7.4 | |||
Telecommunication Services | 2.0 | |||
Transportation | 2.7 | |||
Utilities | 0.5 | |||
Short-Term Investments | 1.8 | |||
Other Assets and Liabilities | — | |||
Total | 100.0 | % | ||
48 |
Table of Contents
Hartford SmallCap Value HLS Fund inception 5/1/1998
(subadvised by: Kayne Anderson Rudnick Investment Management, LLC
Metropolitan West Capital Management, LLC
SSgA Funds Management, Inc.)
Metropolitan West Capital Management, LLC
SSgA Funds Management, Inc.)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649025.gif)
Russell 2000 Value Index is an unmanaged index measuring the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
SmallCap Value IA | -18.38 | % | -1.26 | % | 5.97 | % | ||||||
SmallCap Value IB | -18.68 | % | -1.50 | % | 5.71 | % | ||||||
Russell 2000 Value Index | -25.24 | % | -2.27 | % | 5.00 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. | |
(3) | Class IB shares commenced on July 1, 2003. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects the actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Kayne Anderson Rudnick Investment Management, LLC | Metropolitan West Capital Management, LLC | SSgA Funds Management, Inc. | ||
Robert A. Schwarzkopf, CFA | Samir Sikka | William H. DeRoche, CFA | ||
Managing Director | Senior Vice President | Principal | ||
Craig Stone | Chuck Martin | |||
Julie Kutasov, CPA | Principal |
How did the Fund perform?
The Class IA shares of the Hartford SmallCap Value HLS Fund returned 1.32% for the six-month period ended June 30, 2009. The Fund outperformed the -5.17% return of its benchmark, the Russell 2000 Value Index, and underperformed the 3.16% return of the Lipper Small Cap Value VP-UF Funds peer group average, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
With the thawing of the credit markets and the faint glow of an economic recovery on the horizon, U.S. equity prices rebounded sharply in the second quarter of 2009 following six consecutive quarterly declines. At least temporarily, investors set aside long-standing fears of persistent economic weakness, declining corporate profits and an unstable banking industry, driving equity prices higher. At the end of the six-month period, the broad market S&P 500 Index had risen a remarkable 36.9% from its March 9, 2009 low. Within the Russell 2000 Value Index, Information Technology (26%) and Consumer Discretionary (21%) were the best performing sectors while Financials (-20%) was the worst performing sector.
Stock selection was the primary driver of the Fund’s performance during the period. Detractors from performance included Cathay General Bancorp (Financials) and Zions Bancorp (Financials). Regional banks Cathay General and Zions both decreased on concerns over commercial real estate losses. The extreme volatility in Financials substantiates the belief that many stock prices have become completely divorced from fundamentals, as Cathay was the top performer in the second half of 2008 and Zions was in the top ten. Despite what their stock prices appear to convey, these businesses clearly haven’t changed drastically in the last few months.
Borders Group (Consumer Discretionary), Tempur-Pedic International (Consumer Discretionary) and Advanced Medical Optics (Health Care) were top relative performers. Borders Group, a company that operates book, music and movie stores, rose over 800% during the period. Borders shares declined in
49 |
Table of Contents
2008 on an overreaction to the economic downturn as well as liquidity concerns at the company. However in 2009, fickle investors caused a sizable rebound in the stock due to strong cash flow generation in the fourth quarter of 2008 and a management change in early 2009. Tempur-Pedic, which was one of our worst performers in 2008, boosted its gross margin and beat analysts expectations during the period due to lower costs and declining selling and marketing expenses in response to reduced consumer discretionary spending. Shares of eye care firm Advanced Medical Optics, the market leader in LASIK surgical devices, more than doubled during the period on news of a takeover bid from Abbott Laboratories.
What is the outlook?
The worst of the economic pain is likely behind us as the massive policy response from the Treasury and the Federal Reserve has led to an improved credit environment, although not yet a completely healthy one. We believe the full impact of the Federal government stimulus program will take hold gradually and, while economic growth will turn positive, we expect it to be slower than normal over the next few years. Equity markets could do well in this environment. Slow, steady growth accompanied by relatively low and non-volatile interest rates could be positive for corporate earnings. We also believe that equity returns should beat most fixed income alternatives as investors begin to reinvest their low-yielding cash positions in the stock market.
Currently, the Fund’s overweight positions relative to the benchmark (i.e. the Fund’s sector position was greater than the benchmark position) were in Industrials and Health Care. Conversely, the Fund’s largest underweight position relative to the benchmark (i.e. the Fund’s sector position was less than the benchmark position) continues to be in Financials. We believe that the complementary style of the three sub-advisers provides the Fund with a well positioned portfolio in this environment to add value relative to the market and its peers.
At June 30, 2009, 35% of the Fund’s assets were managed by Kayne Anderson Rudnick Investment Management, 33% were managed by Metropolitan West Capital Management and 32% were managed by SSgA Funds Management.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.6 | % | ||
Banks | 7.5 | |||
Capital Goods | 9.6 | |||
Commercial & Professional Services | 7.5 | |||
Consumer Durables & Apparel | 4.2 | |||
Consumer Services | 3.3 | |||
Diversified Financials | 5.1 | |||
Energy | 5.8 | |||
Food & Staples Retailing | 0.3 | |||
Food, Beverage & Tobacco | 2.0 | |||
Health Care Equipment & Services | 7.8 | |||
Household & Personal Products | 3.1 | |||
Insurance | 3.0 | |||
Materials | 3.1 | |||
Media | 0.7 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 1.6 | |||
Real Estate | 4.5 | |||
Retailing | 3.1 | |||
Semiconductors & Semiconductor Equipment | 2.2 | |||
Software & Services | 8.7 | |||
Technology Hardware & Equipment | 4.9 | |||
Telecommunication Services | 0.8 | |||
Transportation | 3.8 | |||
Utilities | 2.4 | |||
Short-Term Investments | 4.5 | |||
Other Assets and Liabilities | (0.1 | ) | ||
Total | 100.0 | % | ||
50 |
Table of Contents
Hartford Stock HLS Fund inception 8/31/1977
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649026.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Stock IA | -25.63 | % | -2.77 | % | -3.07 | % | ||||||
Stock IB | -25.81 | % | -3.01 | % | -3.29 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Steven T. Irons, CFA | Peter I. Higgins, CFA | |
Senior Vice President, Partner | Senior Vice President, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Stock HLS Fund returned 12.10% for the six-month period ended June 30, 2009, outperforming its benchmark, the S&P 500 Index which returned 3.16% for the same period. The Fund also outperformed the 5.23% return of the average fund in the Lipper Large-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed large (+3.2%) and small (+2.6%) cap stocks during the period, as measured by the S&P MidCap 400, S&P 500, and Russell 2000 indices, respectively. Growth (+11.5%) stocks significantly outperformed Value (-2.9%) stocks, as measured by the Russell 1000 Growth and Russell 1000 Value indices. Within the S&P 500, the Information Technology (+25%), Materials (+14%), and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses.
The Fund’s outperformance versus the benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative (i.e. performance of the Fund as measured against the benchmark) performance due to overweight (i.e. the Fund’s sector position was greater than the benchmark position) exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Utilities and Telecommunication Services.
51 |
Table of Contents
Top contributors to relative performance during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after receiving a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. They also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of diversified financial services company Wells Fargo fell early in the period amid concerns over its acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that it might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full-year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to the implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits. In the midst of this uncertainty we continue to focus our efforts on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.5 | % | ||
Banks | 3.7 | |||
Capital Goods | 7.6 | |||
Diversified Financials | 12.3 | |||
Energy | 14.0 | |||
Food & Staples Retailing | 2.9 | |||
Food, Beverage & Tobacco | 5.7 | |||
Health Care Equipment & Services | 3.0 | |||
Household & Personal Products | 0.8 | |||
Insurance | 1.0 | |||
Materials | 1.4 | |||
Media | 3.8 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.6 | |||
Real Estate | 0.0 | |||
Retailing | 6.1 | |||
Semiconductors & Semiconductor Equipment | 3.2 | |||
Software & Services | 6.9 | |||
Technology Hardware & Equipment | 10.4 | |||
Telecommunication Services | 1.2 | |||
Transportation | 3.0 | |||
Utilities | 2.4 | |||
Short-Term Investments | 0.3 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
52 |
Table of Contents
Hartford Total Return Bond HLS Fund inception 8/31/1977
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649027.gif)
Barclays Capital U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Capital Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index.
Investment goal — Seeks a competitive total return, with income as a secondary objective.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Total Return Bond IA | -0.84 | % | 3.05 | % | 5.38 | % | ||||||
Total Return Bond IB | -1.09 | % | 2.80 | % | 5.14 | % | ||||||
Barclays Capital U.S. Aggregate Bond Index | 6.05 | % | 5.01 | % | 5.98 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nasri Toutoungi
Managing Director
Managing Director
How did the Fund perform?
The Class IA Shares of the Hartford Total Return Bond HLS Fund returned 7.03% for the six-month period ended June 30, 2009, outperforming its benchmark, the Barclays Capital U.S. Aggregate Bond Index, which returned 1.90%, and the Lipper Intermediate Investment Grade Debt VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 5.34%.
Why did the Fund perform this way?
The Fund was overweight versus the Investment Grade credit sector (i.e. the Fund’s sector position was greater than the benchmark position) over the period, and strong performance of financial and industrial issues in that sector helped to drive the Fund’s outperformance. Additionally, out of benchmark allocations to spread product (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries), such as high yield corporates and bank loans, contributed to performance as market demand for higher yielding assets increased over the period.
Being underweight versus the benchmark in U.S. government bonds and Mortgage Backed Securities (MBS) also benefited performance. For the six-month period ending June 30, 2009, the U.S. Treasury index returned -4.30%, while the U.S. Credit and U.S. High Yield indices returned 6.87% and 30.44% respectively.
The Fund also benefited from an allocation to high quality Commercial Mortgage Backed securities (CMBS), when the sector rallied on details of the Public-Private Investment Plan (PPIP) and Term Asset Backed Loan Facility (TALF) programs.
The Federal Open Market Committee (the Fed) continued to target the overnight Fed Funds rate at just above 0%. This accommodative policy kept short maturity Treasury yields low. The funding requirements of the government have grown with the introduction of additional stimulus programs, and excess supply concerns pushed longer maturity Treasury yields higher. This concern was partially offset with the announcement of outright Treasury purchasing by the Fed, but supply and demand imbalance uncertainty remained. Moreover, concerns of current
53 |
Table of Contents
stimulus leading to future inflation left many investment firms backing away from duration. As a result, the curve steepened year to date ending June 30, 2009 with the two-year Treasury yield increasing from 0.76% to 1.11% and the 30-year Treasury yield increasing from 2.67% to 4.33%. Duration (i.e. a measure of interest-rate sensitivity) was close to neutral through most of the first half of the year with tactical range positioning.
What is the outlook?
In the months following the collapse of Lehman Brothers, market participants of all types maneuvered defensively to cash positions in the face of great uncertainty. But investors who shunned the historically inexpensive credit risk at year end, found themselves clamoring for credit risk at significantly higher prices in the second quarter of 2009. Signs of economic “green shoots” continued as the Fed’s liquidity injections and the Treasury Department’s optimistic assessment of the banking system thinned the cloud of uncertainty hanging over the markets. The Fund entered the year overweight credit risk and added to that overweight throughout the first and second quarters of 2009. Although the position contributed positively to performance year-to-date, our affinity for credit risk is waning.
We do not expect the economy to make a V-shaped recovery. The Federal Reserve will likely keep the Fed Funds overnight rate close to zero through the rest of the year, possibly longer. This should help anchor the front end of the yield curve at lower rates. We expect that ten and thirty-year maturity yields will continue to be volatile. Record Treasury issuance, ebbing foreign central bank confidence and the potential for stimulus to ignite future inflation have pressured rates higher this year. That said, an economy operating well below its capacity is not likely to spark inflation, and without viable alternatives, the U.S. dollar remains the global reserve currency. In the long term, we see U.S. Treasury rates going higher. In the near term, long Treasuries should still benefit from periodic flights to quality.
Near term, we remain tactical in our exposure to interest rate changes and we have begun to take some corporate risk off the table. The potential for repricing of spread sectors (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries) to cheaper levels is concerning, and we will likely continue to decrease our overweights and remain in higher quality issuers, as we have come to believe we are not yet in the last inning of this recession.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 0.0 | % | ||
Basic Materials | 3.2 | |||
Capital Goods | 0.9 | |||
Consumer Cyclical | 1.8 | |||
Consumer Staples | 1.9 | |||
Energy | 4.4 | |||
Finance | 21.8 | |||
Foreign Governments | 2.3 | |||
General Obligations | 0.2 | |||
Health Care | 4.2 | |||
Services | 2.5 | |||
Tax Allocation | 0.0 | |||
Technology | 7.7 | |||
Telecommunication Services | 0.0 | |||
Transportation | 0.6 | |||
U.S. Government Agencies | 26.9 | |||
U.S. Government Securities | 11.2 | |||
Utilities | 4.8 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 2.3 | |||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 10.2 | % | ||
Common Stocks | 0.0 | |||
Corporate Bonds: Investment Grade | 35.0 | |||
Corporate Bonds: Non-Investment Grade | 7.3 | |||
Municipal Bonds | 0.2 | |||
Preferred Stocks | 0.0 | |||
Senior Floating Rate Interests: Non-Investment Grade | 3.6 | |||
U.S. Government Agencies | 26.9 | |||
U.S. Government Securities | 11.2 | |||
Warrants | 0.0 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 2.3 | |||
Total | 100.0 | % | ||
Distribution by Credit Quality
as of June 30, 2009
Percentage of | ||||
Long Term | ||||
Rating | Holdings | |||
AAA | 50.1 | % | ||
AA | 8.0 | |||
A | 14.5 | |||
BBB | 15.2 | |||
BB | 8.3 | |||
B | 3.4 | |||
CCC | 0.5 | |||
Total | 100.0 | % | ||
54 |
Table of Contents
Hartford U.S. Government Securities HLS Fund inception 3/24/1987
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649028.gif)
Barclays Capital Intermediate Government Bond Index is an unmanaged index of government bonds with maturities of between one and ten years.
Investment goal — Seeks to maximize total return while providing shareholders with a high level of current income consistent with prudent investment risk.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
U.S. Government Securities IA | -0.27 | % | 2.44 | % | 4.37 | % | ||||||
U.S. Government Securities IB | -0.52 | % | 2.18 | % | 4.11 | % | ||||||
Barclays Capital Intermediate Government Bond Index | 6.42 | % | 5.00 | % | 5.63 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Russell M. Regenauer, CFA | John Hendricks | |
Senior Vice President | Senior Vice President |
How did the Fund perform?
The Class IA Shares of the Hartford U.S. Government Securities HLS Fund returned 0.64% for the six-month period ended June 30, 2009, outperforming its benchmark, the Barclays Capital Intermediate Government Bond Index, which returned -1.52%, and underperforming the Lipper General U.S. Government VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 1.81%.
Why did the Fund perform this way?
In the first half of 2009, the U.S. government increased its programs designed to support the capital markets. This support included the Federal Reserve (Fed) increasing its commitment to purchase Agency debentures and pass-throughs from $500B to $1,250B. It also announced a Quantitative Easing program (QE) to purchase Treasury Securities. In addition, the Treasury announced the creation of the Public-Private Investment Program (PPIP) and an expansion of the Term Asset-Backed Securities Loan Facility (TALF) plan to include Residential and Commercial Mortgage backed securities (CMBS). The spreads in these aforementioned sectors widened (i.e. short and long term interest rates moving farther apart) considerably in the beginning of the first quarter, but with the announcement of the previously mentioned programs, spreads tightened (i.e. short and long term interest rates moving closer together) and outperformed Treasury Securities over the period. The primary source of the Fund’s outperformance for the period was its investments in Government Sponsored Enterprise (GSE) debentures as well as out of benchmark allocations to Small Business Administration (SBA) securities and GSE mortgage-backed securities.
Detractors to the Fund’s performance over the period included duration positioning (i.e. a measure of interest-rate sensitivity) and yield curve positioning. For the period, rates finished higher, with longer maturity rates rising more than shorter maturity rates.
What is the outlook?
We believe the Fed will remain committed to purchasing MBS and Agency Debentures for the balance of 2009. And although the Fed has stated its commitment to keeping long-term rates low, it does not appear to be targeting a set mortgage rate. The Fed also appears to be satisfied with its $300B of QE despite the rise in rate volatility experienced by the markets in June. We believe interest rate volatility could increase, especially after the
55 |
Table of Contents
summer months. With uncertainty over the size and details of the PPIP and TALF programs, we also expect price volatility in MBS, ABS, CMBS, and SBAs to remain high.
We also expect to see further declines in housing prices later in the year. As this occurs, we expect further legislation to support the housing market will be enacted. Uncertainty over the final form of this legislation will keep fears of prepayment and loss severity in residential mortgage securities high. We will continue to monitor the rates markets closely, as increased government involvement will likely result in a record supply of Treasury securities. While in the short-term we expect further economic weakness, the growing supply of outstanding Treasury debt has the potential to add upward positive pressure on interest rates.
Distribution by Security Type
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 7.5 | % | ||
Corporate Bonds: Investment Grade | 3.9 | |||
Put Options Purchased | 0.0 | |||
U.S. Government Agencies | 63.1 | |||
U.S. Government Securities | 19.8 | |||
Short-Term Investments | 5.0 | |||
Other Assets and Liabilities | 0.7 | |||
Total | 100.0 | % | ||
Distribution by Credit Quality
as of June 30, 2009
Percentage of | ||||
Long Term | ||||
Rating | Holdings | |||
AAA | 95.6 | % | ||
AA | 1.1 | |||
A | 1.2 | |||
BBB | 0.4 | |||
BB | 0.6 | |||
CCC | 1.1 | |||
Total | 100.0 | % | ||
56 |
Table of Contents
Hartford Value HLS Fund inception 4/30/2001
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 4/30/01 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649029.gif)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks long-term total return.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | Since Inception | ||||||||||
Value IA | -25.04 | % | 0.91 | % | 0.85 | % | ||||||
Value IB | -25.23 | % | 0.66 | % | 0.61 | % | ||||||
Russell 1000 Value Index | -29.03 | % | -2.13 | % | -0.24 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Ian Link, CFA | Karen H. Grimes, CFA | W. Michael Reckmeyer, III, CFA | ||
Vice President | Senior Vice President | Senior Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Value HLS Fund returned 2.69% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 1000 Value Index, which returned -2.87% for the same period. The Fund also outperformed the 0.43% return of the average fund in the Lipper Large-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets fell during the period, but this overall decline masks two significantly different market environments. From January through early March, stocks fell sharply, reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. Beginning in early March stocks rallied as investors came to believe that a Depression-like scenario was less likely. Sector returns within the Russell 1000 Value Index diverged widely in this environment, with weakness in Industrials (-13%),
Energy (-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+4%).
Energy (-7%) and Financials (-6%), overshadowing strength in Information Technology (+22%), Materials (+15%), and Consumer Discretionary (+4%).
The Fund outperformed its benchmark primarily due to stock selection. Selection was particularly strong within Energy, Industrials, and Consumer Staples, with weaker results in Information Technology, Telecommunication Services, and Materials. Allocation among sectors, a fall-out of the bottom-up stock selection process, also was additive, due to overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in Information Technology, Consumer Staples, and Materials and an underweight (i.e. the Fund’s sector position was less than the benchmark position) in Financials.
The top contributors to absolute (i.e. total return) and benchmark-relative (i.e. performance of the Fund as measured against the benchmark) returns were Goldman Sachs (Financials), Schering-Plough (Health Care), and Newfield Exploration (Energy). Shares of U.S. bank holding company and investment bank Goldman Sachs continued to benefit from the firm’s relative strength versus peers and its intention to pay back government loans. Schering-Plough is a global health care company with interests in pharmaceuticals, animal health, and consumer products. The company’s shares jumped after it announced a definitive merger agreement with Merck. Newfield Exploration, an independent exploration and production
57 |
Table of Contents
company, saw its shares gain on a strong quarterly report, driven by production levels that exceeded expectations.
ACE (Financials), Morgan Stanley (Financials), and Chubb (Financials) detracted most from relative returns. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline on concerns about falling book value. Shares of global financial services company Morgan Stanley rallied as investment banks benefited from increased volumes and higher profit margins. The Fund’s relative performance was negatively impacted by not holding a position in the stock. Chubb, a property and casualty insurance company, announced weak first quarter results, pushing its shares lower. Stocks that detracted most from absolute returns included industrial and financial company General Electric (Industrials) and global energy company Exxon Mobil (Energy).
What is the outlook?
As the deterioration in macroeconomic data began to moderate during the first half of the year, investors removed the worst-case depression scenario from their outlook, propelling stocks higher. Government intervention has helped to stabilize the financial sector, resulting in tightening (i.e. short and long term interest rates moving closer together) credit spreads and greater flexibility for companies to raise both debt and equity financing. While indications of demand side strength remain muted, a pick-up in industrial equipment rental activity in the U.S. and continued growth from emerging markets provide early indications that demand declines may be moderating. However, rising unemployment and falling home prices foreshadow continued economic challenges ahead. In addition, the current recession is based on a financial contraction, whereas many prior, and shorter, contractions had an imbalance of aggregate supply and demand as their primary source. As our economic system is built on credit, the ultimate path to recovery remains unclear.
In this environment we continue to apply our time-tested philosophy focused on building a portfolio in which expected growth and the dividend yield are better than the market and valuations are lower than the market. Based on bottom-up stock decisions, we ended the period most overweight the Information Technology, Consumer Staples, and Health Care sectors; our largest underweights were in Telecommunications Services, Energy, and Utilities.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 4.8 | % | ||
Capital Goods | 8.0 | |||
Commercial & Professional Services | 1.0 | |||
Consumer Durables & Apparel | 2.6 | |||
Diversified Financials | 10.5 | |||
Energy | 17.1 | |||
Food & Staples Retailing | 3.7 | |||
Food, Beverage & Tobacco | 4.4 | |||
Health Care Equipment & Services | 5.0 | |||
Household & Personal Products | 0.9 | |||
Insurance | 6.2 | |||
Materials | 3.8 | |||
Media | 2.1 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 6.7 | |||
Real Estate | 0.8 | |||
Retailing | 3.2 | |||
Semiconductors & Semiconductor Equipment | 2.8 | |||
Software & Services | 1.8 | |||
Technology Hardware & Equipment | 3.8 | |||
Telecommunication Services | 3.5 | |||
Transportation | 0.8 | |||
Utilities | 5.4 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
58 |
Table of Contents
Hartford Value Opportunities HLS Fund inception 5/1/1996
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7649030.gif)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Russell 3000 Value Index is an unmanaged index measuring the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values.
Investment goal — Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Value Opportunities IA | -18.05 | % | -1.79 | % | 1.54 | % | ||||||
Value Opportunities IB | -18.26 | % | -2.03 | % | 1.28 | % | ||||||
Russell 1000 Value Index | -29.03 | % | -2.13 | % | -0.15 | % | ||||||
Russell 3000 Value Index | -28.73 | % | -2.14 | % | 0.21 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
David R. Fassnacht, CFA | James N. Mordy | David W. Palmer, CFA | ||
Senior Vice President, Partner | Senior Vice President, Partner | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Value Opportunities HLS Fund returned 13.52% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 3000 Value Index, which returned -3.05% for the same period. The Fund also outperformed the 3.65% return of the average fund in the Lipper Multi-Cap Value VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Sharp increases in unemployment and uncertainty over the stimulus package got 2009 off to a weak start. However, nascent signs of a bottoming in the fortunes of the financial industry, coupled with aggressive intervention by the U.S. Federal Reserve in the capital markets led to increased investor risk appetite beginning in early March. These actions stoked hopes for a degree of stabilization in the broader economy and a reversal of the inventory liquidations which have decimated demand in certain sectors, leading equity markets to rally sharply through mid-June. Against this backdrop, pro-cyclical stocks did especially well at the expense of “safe” names.
In this environment, mid-cap stocks (+8.5%) outperformed small (+2.6%) and large-cap stocks (+3.2%), as measured by the S&P MidCap 400, Russell 2000 and S&P 500 indices, respectively. Growth (+11.5%) significantly outperformed Value (-3.1%), as measured by the Russell 3000 Growth and Russell 3000 Value indexes. Within the Russell 3000 Value Index, Information Technology, Materials, and Consumer Discretionary rose, while Industrials, Financials and Energy declined the most.
Favorable stock selection in eight of the ten broad economic sectors was the primary driver of the Fund’s outperformance versus the benchmark. Security selection was most additive in Energy, Financials, and Consumer Staples, while results trailed the benchmark in Industrials. Sector allocation also contributed positively to the Fund’s relative (i.e. performance of the Fund as measured against the benchmark) performance, due largely to an
59 |
Table of Contents
overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in Information Technology.
The largest contributors to relative and absolute (i.e. total return) performance were TRW Automotive (Consumer Discretionary), Marine Harvest (Consumer Staples), and Newfield Exploration (Energy). Shares of auto parts supplier TRW Automotive rebounded strongly with signs of stabilizing auto sales in the U.S. and Europe and reduced concerns over interest payments on debt as the company amended its agreements with lenders. Salmon farming company Marine Harvest’s shares gained significantly as constrained industry supply out of Chile sent wholesale salmon prices to multi-year highs. In addition, Wall Street’s concerns that the company would need to raise equity to repay debt abated as interest coverage metrics improved with higher product prices. Oil and gas producer Newfield Exploration rallied as investors became more convinced that the oversupply situation in the natural gas industry would start to self-correct in the next few quarters. In addition, the company’s new CEO has done a better job of focusing attention on the value of the company’s reserve base.
The largest detractors from relative performance included Delta Airlines (Industrials), U.S. Airways (Industrials), and ACE (Financials). Shares of U.S. Airways and Delta fell as demand for air travel declined even faster than aggressive industry capacity cuts; a decline in high-fare business travel also affected revenue-per-seat metrics. Worldwide property/casualty insurance and reinsurance provider ACE saw its shares decline following strong relative performance in 2008 as investors rotated into riskier Financials stocks. Top detractors from absolute returns also included Humana (Health Care).
What is the outlook?
Market sentiment finally started to improve over recent months as investors chose to look for signs of an upturn in economic activity, stabilization of home prices, and an end to rising unemployment. To date, clear evidence remains elusive. Company managements continue to be hopeful of eventual improvement, but there are few signs of an actual turn in business fundamentals. Transport metrics, which track shipments of raw materials for processing and finished goods to distribution and are therefore often a leading indicator of an accelerating economy, have shown few signs of a material pickup to date. For this reason, we have used the vigorous rebound in many stocks as a chance to trim back certain economically-sensitive holdings and to diversify some of the risks in the Fund.
Against this backdrop, the Fund ended the period most overweight Information Technology, Health Care, and Financials and most underweight (i.e. the Fund’s sector position was less than the benchmark position) Telecommunication Services, Energy, and Utilities relative to the benchmark.
Diversification by Industry
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.4 | % | ||
Banks | 2.6 | |||
Capital Goods | 5.9 | |||
Consumer Durables & Apparel | 0.5 | |||
Diversified Financials | 9.2 | |||
Energy | 14.8 | |||
Food & Staples Retailing | 1.7 | |||
Food, Beverage & Tobacco | 4.8 | |||
Health Care Equipment & Services | 6.1 | |||
Insurance | 10.8 | |||
Materials | 2.9 | |||
Media | 4.0 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 7.9 | |||
Real Estate | 2.6 | |||
Retailing | 2.1 | |||
Semiconductors & Semiconductor Equipment | 1.5 | |||
Software & Services | 3.0 | |||
Technology Hardware & Equipment | 8.2 | |||
Transportation | 3.4 | |||
Utilities | 4.4 | |||
Short-Term Investments | 0.9 | |||
Other Assets and Liabilities | 1.3 | |||
Total | 100.0 | % | ||
60 |
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 66.7% | ||||||||||||
Automobiles & Components — 0.3% | ||||||||||||
2,196 | Ford Motor Co. (D) | $ | 13,330 | |||||||||
Banks — 2.4% | ||||||||||||
265 | PNC Financial Services Group, Inc. | 10,301 | ||||||||||
407 | Standard Chartered plc | 7,656 | ||||||||||
4,194 | Washington Mutual, Inc. Private Placement (H)(A) | 381 | ||||||||||
3,057 | Wells Fargo & Co. | 74,161 | ||||||||||
92,499 | ||||||||||||
Capital Goods — 5.1% | ||||||||||||
314 | Boeing Co. | 13,328 | ||||||||||
491 | Cummins, Inc. | 17,281 | ||||||||||
197 | Danaher Corp. | 12,144 | ||||||||||
410 | Deere & Co. | 16,375 | ||||||||||
2,747 | General Electric Co. | 32,199 | ||||||||||
853 | Honeywell International, Inc. | 26,781 | ||||||||||
745 | Illinois Tool Works, Inc. | 27,800 | ||||||||||
608 | Ingersoll-Rand Co. Class A | 12,697 | ||||||||||
265 | Lockheed Martin Corp. | 21,332 | ||||||||||
242 | Siemens AG ADR | 16,772 | ||||||||||
196,709 | ||||||||||||
Diversified Financials — 8.1% | ||||||||||||
1,011 | Ameriprise Financial, Inc. | 24,544 | ||||||||||
5,830 | Bank of America Corp. | 76,955 | ||||||||||
2,881 | Discover Financial Services, Inc. | 29,588 | ||||||||||
347 | Goldman Sachs Group, Inc. | 51,088 | ||||||||||
1,492 | Invesco Ltd. | 26,586 | ||||||||||
1,733 | JP Morgan Chase & Co. | 59,116 | ||||||||||
913 | UBS AG | 11,215 | ||||||||||
2,703 | UBS AG ADR | 33,007 | ||||||||||
312,099 | ||||||||||||
Energy — 9.6% | ||||||||||||
262 | BP plc ADR | 12,497 | ||||||||||
358 | Cameco Corp. | 9,173 | ||||||||||
131 | Chevron Corp. | 8,672 | ||||||||||
425 | EOG Resources, Inc. | 28,852 | ||||||||||
1,865 | Exxon Mobil Corp. | 130,347 | ||||||||||
574 | Hess Corp. | 30,853 | ||||||||||
521 | Marathon Oil Corp. | 15,701 | ||||||||||
873 | OAO Gazprom Class S ADR | 17,672 | ||||||||||
370 | Occidental Petroleum Corp. | 24,363 | ||||||||||
374 | Petro-Canada | 14,373 | ||||||||||
613 | Petroleo Brasileiro S.A. ADR | 25,121 | ||||||||||
666 | Schlumberger Ltd. | 36,048 | ||||||||||
590 | Suncor Energy, Inc. ADR | 17,888 | ||||||||||
371,560 | ||||||||||||
Food & Staples Retailing — 2.0% | ||||||||||||
771 | Kroger Co. | 16,992 | ||||||||||
1,013 | Safeway, Inc. | 20,641 | ||||||||||
246 | Supervalu, Inc. | 3,186 | ||||||||||
483 | Walgreen Co. | 14,197 | ||||||||||
448 | Wal-Mart Stores, Inc. | 21,716 | ||||||||||
76,732 | ||||||||||||
Food, Beverage & Tobacco — 3.9% | ||||||||||||
741 | General Mills, Inc. | 41,528 | ||||||||||
1,454 | PepsiCo, Inc. | 79,890 | ||||||||||
1,141 | Unilever N.V. NY Shares ADR | 27,589 | ||||||||||
149,007 | ||||||||||||
Health Care Equipment & Services — 2.1% | ||||||||||||
85 | Intuitive Surgical, Inc. (D) | 13,960 | ||||||||||
1,185 | Medtronic, Inc. | 41,358 | ||||||||||
387 | Varian Medical Systems, Inc. (D) | 13,582 | ||||||||||
290 | Zimmer Holdings, Inc. (D) | 12,337 | ||||||||||
81,237 | ||||||||||||
Household & Personal Products — 0.6% | ||||||||||||
452 | Procter & Gamble Co. | 23,113 | ||||||||||
Insurance — 0.7% | ||||||||||||
328 | ACE Ltd. | 14,505 | ||||||||||
596 | Marsh & McLennan Cos., Inc. | 11,996 | ||||||||||
26,501 | ||||||||||||
Materials — 0.9% | ||||||||||||
617 | Cliff’s Natural Resources, Inc. | 15,098 | ||||||||||
207 | Potash Corp. of Saskatchewan, Inc. | 19,215 | ||||||||||
34,313 | ||||||||||||
Media — 2.5% | ||||||||||||
3,861 | Comcast Corp. Class A | 55,946 | ||||||||||
522 | Time Warner, Inc. | 13,154 | ||||||||||
1,183 | Viacom, Inc. Class B (D) | 26,852 | ||||||||||
95,952 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 6.1% | ||||||||||||
755 | Abbott Laboratories | 35,496 | ||||||||||
888 | Daiichi Sankyo Co., Ltd. | 15,843 | ||||||||||
2,804 | Elan Corp. plc ADR (D) | 17,861 | ||||||||||
544 | Eli Lilly & Co. | 18,851 | ||||||||||
1,230 | Merck & Co., Inc. | 34,380 | ||||||||||
2,769 | Pfizer, Inc. | 41,532 | ||||||||||
576 | Schering-Plough Corp. | 14,474 | ||||||||||
1,297 | Shionogi & Co., Ltd. | 25,050 | ||||||||||
369 | UCB S.A. | 11,838 | ||||||||||
577 | Vertex Pharmaceuticals, Inc. (D) | 20,575 | ||||||||||
235,900 | ||||||||||||
Real Estate — 0.0% | ||||||||||||
2 | Simon Property Group, Inc. | 126 | ||||||||||
Retailing — 4.2% | ||||||||||||
354 | Best Buy Co., Inc. | 11,862 | ||||||||||
11,241 | Buck Holdings L.P. (H)(D)(A) | 13,354 | ||||||||||
737 | Kohl’s Corp. (D) | 31,490 | ||||||||||
1,926 | Lowe’s Co., Inc. | 37,384 | ||||||||||
652 | Nordstrom, Inc. | 12,968 | ||||||||||
1,634 | Staples, Inc. | 32,958 | ||||||||||
582 | Target Corp. | 22,984 | ||||||||||
163,000 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.2% | ||||||||||||
577 | Lam Research Corp. (D) | 15,010 | ||||||||||
2,406 | Maxim Integrated Products, Inc. | 37,756 | ||||||||||
1,471 | Texas Instruments, Inc. | 31,330 | ||||||||||
84,096 | ||||||||||||
Software & Services — 4.5% | ||||||||||||
799 | Accenture Ltd. Class A | 26,728 | ||||||||||
76 | Google, Inc. (D) | 32,083 | ||||||||||
3,014 | Microsoft Corp. | 71,647 | ||||||||||
589 | Oracle Corp. | 12,623 | ||||||||||
1,959 | Western Union Co. | 32,119 | ||||||||||
175,200 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
61
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — 7.0% | ||||||||||||
348 | Apple, Inc. (D) | $ | 49,537 | |||||||||
3,674 | Cisco Systems, Inc. (D) | 68,478 | ||||||||||
710 | Corning, Inc. | 11,396 | ||||||||||
2,851 | Flextronics International Ltd. (D) | 11,717 | ||||||||||
1,549 | Hewlett-Packard Co. | 59,869 | ||||||||||
1,080 | NetApp, Inc. (D) | 21,306 | ||||||||||
1,038 | Qualcomm, Inc. | 46,908 | ||||||||||
269,211 | ||||||||||||
Telecommunication Services — 0.8% | ||||||||||||
464 | AT&T, Inc. | 11,536 | ||||||||||
1,549 | MetroPCS Communications, Inc. (D) | 20,612 | ||||||||||
32,148 | ||||||||||||
Transportation — 2.0% | ||||||||||||
4,329 | Delta Air Lines, Inc. (D) | 25,066 | ||||||||||
372 | FedEx Corp. | 20,696 | ||||||||||
673 | United Parcel Service, Inc. Class B | 33,649 | ||||||||||
79,411 | ||||||||||||
Utilities — 1.7% | ||||||||||||
846 | Exelon Corp. | 43,334 | ||||||||||
322 | Northeast Utilities | 7,175 | ||||||||||
364 | PG&E Corp. | 14,004 | ||||||||||
64,513 | ||||||||||||
Total common stocks (cost $2,881,193) | $ | 2,576,657 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
524 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 1.0% | ||||||||||||
Finance — 1.0% | ||||||||||||
Citibank Credit Card Issuance Trust | ||||||||||||
$ | 11,945 | 5.65%, 09/20/2019 | $ | 12,160 | ||||||||
Ford Credit Automotive Owner Trust | ||||||||||||
1,859 | 5.26%, 10/15/2010 | 1,868 | ||||||||||
Harley-Davidson Motorcycle Trust | ||||||||||||
12,375 | 5.21%, 06/17/2013 | 12,660 | ||||||||||
Marriott Vacation Club Owner Trust | ||||||||||||
1,123 | 5.36%, 10/20/2028 (I) | 942 | ||||||||||
USAA Automotive Owner Trust | ||||||||||||
11,285 | 4.50%, 10/15/2013 | 11,696 | ||||||||||
39,326 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $38,578) | $ | 39,326 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 13.9% | ||||||||||||
Capital Goods — 0.1% | ||||||||||||
Xerox Corp. | ||||||||||||
$ | 6,000 | 5.50%, 05/15/2012 | $ | 5,984 | ||||||||
Consumer Cyclical — 0.5% | ||||||||||||
DaimlerChrysler NA Holdings Corp. | ||||||||||||
9,550 | 6.50%, 11/15/2013 | 9,708 | ||||||||||
SCL Term Aereo Santiago S.A. | ||||||||||||
8,614 | 6.95%, 07/01/2012 (I) | 9,202 | ||||||||||
Staples, Inc. | ||||||||||||
2,525 | 9.75%, 01/15/2014 | 2,820 | ||||||||||
21,730 | ||||||||||||
Consumer Staples — 0.6% | ||||||||||||
Anheuser-Busch InBev N.V. | ||||||||||||
3,100 | 7.75%, 01/15/2019 (I) | 3,390 | ||||||||||
Coca-Cola Enterprises, Inc. | ||||||||||||
500 | 8.50%, 02/01/2022 | 650 | ||||||||||
Procter & Gamble Co. | ||||||||||||
11,465 | 9.36%, 01/01/2021 | 13,804 | ||||||||||
Weyerhaeuser Co. | ||||||||||||
2,975 | 7.38%, 03/15/2032 | 2,374 | ||||||||||
20,218 | ||||||||||||
Energy — 0.3% | ||||||||||||
Atmos Energy Corp. | ||||||||||||
5,875 | 6.35%, 06/15/2017 | 5,977 | ||||||||||
Weatherford International Ltd. | ||||||||||||
5,500 | 5.95%, 06/15/2012 | 5,742 | ||||||||||
11,719 | ||||||||||||
Finance — 8.7% | ||||||||||||
Ace INA Holdings, Inc. | ||||||||||||
700 | 5.88%, 06/15/2014 | 723 | ||||||||||
American Express Centurion Bank | ||||||||||||
6,350 | 6.00%, 09/13/2017 | 5,792 | ||||||||||
American International Group, Inc. | ||||||||||||
1,200 | 6.25%, 03/15/2037 | 297 | ||||||||||
AXA Financial, Inc. | ||||||||||||
10,800 | 7.00%, 04/01/2028 | 8,220 | ||||||||||
Berkshire Hathaway Finance Corp. | ||||||||||||
5,500 | 4.85%, 01/15/2015 | 5,725 | ||||||||||
Brandywine Operating Partnership | ||||||||||||
9,585 | 6.00%, 04/01/2016 | 7,074 | ||||||||||
Capital One Bank | ||||||||||||
3,750 | 6.50%, 06/13/2013 | 3,707 | ||||||||||
Capital One Capital IV | ||||||||||||
4,125 | 6.75%, 02/17/2037 | 2,761 | ||||||||||
Capital One Financial Corp. | ||||||||||||
3,900 | 5.70%, 09/15/2011 | 3,917 | ||||||||||
Cincinnati Financial Corp. | ||||||||||||
10,000 | 6.92%, 05/15/2028 | 7,656 | ||||||||||
Citibank NA | ||||||||||||
26,000 | 1.88%, 06/04/2012 | 25,930 | ||||||||||
Citigroup, Inc. | ||||||||||||
8,800 | 6.00%, 10/31/2033 | 6,566 | ||||||||||
COX Communications, Inc. | ||||||||||||
9,000 | 5.45%, 12/15/2014 | 8,934 | ||||||||||
Developers Diversified Realty Corp. | ||||||||||||
7,900 | 5.38%, 10/15/2012 | 5,340 | ||||||||||
Discover Financial Services, Inc. | ||||||||||||
7,220 | 6.45%, 06/12/2017 | 5,858 | ||||||||||
Eaton Vance Corp. | ||||||||||||
3,180 | 6.50%, 10/02/2017 | 3,009 | ||||||||||
Everest Reinsurance Holdings, Inc. | ||||||||||||
4,525 | 5.40%, 10/15/2014 | 3,955 | ||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
20,000 | 1.63%, 07/15/2011 | 20,109 | ||||||||||
5,500 | 5.30%, 02/14/2012 | 5,692 | ||||||||||
6,000 | 5.63%, 01/15/2017 | 5,703 | ||||||||||
Health Care Properties | ||||||||||||
9,780 | 6.00%, 01/30/2017 | 8,291 |
The accompanying notes are an integral part of these financial statements.
62
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
HSBC Finance Corp. | ||||||||||||
$ | 12,500 | 5.50%, 01/19/2016 | $ | 11,760 | ||||||||
International Lease Finance Corp. | ||||||||||||
10,500 | 5.00%, 09/15/2012 | 8,121 | ||||||||||
6,350 | 5.63%, 09/15/2010 | 5,705 | ||||||||||
Jackson National Life Insurance Co. | ||||||||||||
12,650 | 8.15%, 03/15/2027 (I) | 10,530 | ||||||||||
John Deere Capital Corp. | ||||||||||||
8,320 | 4.88%, 10/15/2010 | 8,542 | ||||||||||
JP Morgan Chase & Co. | ||||||||||||
10,375 | 5.13%, 09/15/2014 | 10,325 | ||||||||||
Kimco Realty Corp. | ||||||||||||
7,880 | 5.78%, 03/15/2016 | 6,671 | ||||||||||
Liberty Mutual Group, Inc. | ||||||||||||
8,750 | 5.75%, 03/15/2014 (I) | 6,927 | ||||||||||
Liberty Property L.P. | ||||||||||||
1,325 | 6.63%, 10/01/2017 | 1,124 | ||||||||||
Merrill Lynch & Co., Inc. | ||||||||||||
11,000 | 5.00%, 02/03/2014 | 10,553 | ||||||||||
1,000 | 6.40%, 08/28/2017 | 885 | ||||||||||
6,000 | 6.88%, 04/25/2018 | 5,553 | ||||||||||
Morgan Stanley | ||||||||||||
13,000 | 5.38%, 10/15/2015 | 12,738 | ||||||||||
National City Corp. | ||||||||||||
4,250 | 6.88%, 05/15/2019 | 4,078 | ||||||||||
New England Mutual Life Insurance Co. | ||||||||||||
12,000 | 7.88%, 02/15/2024 (I) | 10,856 | ||||||||||
Prologis Trust | ||||||||||||
6,500 | 5.63%, 11/15/2016 | 4,997 | ||||||||||
Prudential Financial, Inc. | ||||||||||||
8,000 | 5.50%, 03/15/2016 | 7,502 | ||||||||||
Realty Income Corp. | ||||||||||||
4,830 | 6.75%, 08/15/2019 | 4,351 | ||||||||||
Republic New York Capital I | ||||||||||||
500 | 7.75%, 11/15/2006 | 445 | ||||||||||
Santander Central Hispano Issuances Ltd. | ||||||||||||
1,250 | 7.63%, 11/03/2009 | 1,268 | ||||||||||
Simon Property Group L.P. | ||||||||||||
15,100 | 6.10%, 05/01/2016 | 14,091 | ||||||||||
Sovereign Bancorp, Inc. | ||||||||||||
4,795 | 8.75%, 05/30/2018 | 4,716 | ||||||||||
Sovereign Capital Trust IV | ||||||||||||
7,250 | 7.91%, 06/13/2036 | 5,435 | ||||||||||
Svenska Handelsbanken AB | ||||||||||||
2,900 | 4.88%, 06/10/2014 (I) | 2,871 | ||||||||||
Torchmark Corp. | ||||||||||||
14,600 | 8.25%, 08/15/2009 | 14,592 | ||||||||||
UnitedHealth Group, Inc. | ||||||||||||
2,500 | 5.50%, 11/15/2012 | 2,587 | ||||||||||
Wachovia Corp. | ||||||||||||
10,000 | 5.25%, 08/01/2014 | 9,786 | ||||||||||
WEA Finance LLC | ||||||||||||
5,000 | 7.13%, 04/15/2018 (I) | 4,641 | ||||||||||
336,909 | ||||||||||||
Health Care — 0.5% | ||||||||||||
CVS Corp. | ||||||||||||
7,725 | 6.13%, 08/15/2016 | 8,003 | ||||||||||
Express Scripts, Inc. | ||||||||||||
1,020 | 6.25%, 06/15/2014 | 1,079 | ||||||||||
Merck & Co., Inc. | ||||||||||||
2,100 | 4.00%, 06/30/2015 | 2,137 | ||||||||||
Schering-Plough Corp. | ||||||||||||
9,000 | 5.55%, 12/01/2013 | 9,667 | ||||||||||
20,886 | ||||||||||||
Services — 0.3% | ||||||||||||
Comcast Corp. | ||||||||||||
8,000 | 5.90%, 03/15/2016 | 8,275 | ||||||||||
Wyndham Worldwide Corp. | ||||||||||||
3,100 | 6.00%, 12/01/2016 | 2,424 | ||||||||||
10,699 | ||||||||||||
Technology — 1.2% | ||||||||||||
AT&T, Inc. | ||||||||||||
2,510 | 6.80%, 05/15/2036 | 2,600 | ||||||||||
BellSouth Telecommunications | ||||||||||||
650 | 7.00%, 12/01/2095 | 568 | ||||||||||
Dell, Inc. | ||||||||||||
2,735 | 5.88%, 06/15/2019 | 2,792 | ||||||||||
Fiserv, Inc. | ||||||||||||
6,400 | 6.13%, 11/20/2012 | 6,643 | ||||||||||
France Telecom S.A. | ||||||||||||
1,300 | 4.38%, 07/08/2014 | 1,310 | ||||||||||
General Electric Co. | ||||||||||||
6,925 | 5.00%, 02/01/2013 | 7,206 | ||||||||||
Intuit, Inc. | ||||||||||||
7,900 | 5.40%, 03/15/2012 | 7,977 | ||||||||||
Oracle Corp. | ||||||||||||
2,850 | 6.13%, 07/08/2039 (Q) | 2,831 | ||||||||||
Telecom Italia Capital | ||||||||||||
2,700 | 7.72%, 06/04/2038 | 2,750 | ||||||||||
Time Warner Cable, Inc. | ||||||||||||
4,580 | 5.85%, 05/01/2017 | 4,574 | ||||||||||
Verizon Communications, Inc. | ||||||||||||
5,000 | 5.35%, 02/15/2011 | 5,214 | ||||||||||
Verizon Global Funding Corp. | ||||||||||||
500 | 7.25%, 12/01/2010 | 532 | ||||||||||
44,997 | ||||||||||||
Transportation — 0.4% | ||||||||||||
Continental Airlines, Inc. | ||||||||||||
4,140 | 5.98%, 04/19/2022 | 3,416 | ||||||||||
Southwest Airlines Co. | ||||||||||||
8,700 | 5.75%, 12/15/2016 | 8,065 | ||||||||||
3,337 | 6.15%, 08/01/2022 | 3,104 | ||||||||||
14,585 | ||||||||||||
Utilities — 1.3% | ||||||||||||
Consolidated Edison Co. of NY | ||||||||||||
4,605 | 5.30%, 12/01/2016 | 4,784 | ||||||||||
Enel Finance International | ||||||||||||
4,045 | 6.80%, 09/15/2037 (I) | 4,194 | ||||||||||
Indianapolis Power and Light | ||||||||||||
8,000 | 6.60%, 06/01/2037 (I) | 6,669 | ||||||||||
Kinder Morgan Energy Partners L.P. | ||||||||||||
5,000 | 6.95%, 01/15/2038 | 4,843 | ||||||||||
MidAmerican Energy Co. | ||||||||||||
6,000 | 5.65%, 07/15/2012 | 6,363 | ||||||||||
Northern Border Pipeline Co. | ||||||||||||
9,285 | 7.75%, 09/01/2009 | 9,364 | ||||||||||
Southern California Edison Co. | ||||||||||||
8,000 | 5.55%, 01/15/2037 | 8,008 |
The accompanying notes are an integral part of these financial statements.
63
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
Taqa Abu Dhabi National Energy Co. | ||||||||||||
$ | 3,335 | 5.88%, 10/27/2016 (I) | $ | 3,119 | ||||||||
47,344 | ||||||||||||
Total corporate bonds: investment grade (cost $570,737) | $ | 535,071 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.1% | ||||||||||||
Finance — 0.1% | ||||||||||||
CIT Group, Inc. | ||||||||||||
$ | 3,540 | 7.63%, 11/30/2012 | $ | 2,424 | ||||||||
Total corporate bonds: non-investment grade (cost $3,504) | $ | 2,424 | ||||||||||
MUNICIPAL BONDS — 0.4% | ||||||||||||
General Obligations — 0.3% | ||||||||||||
Oregon School Boards Association, Taxable Pension, | ||||||||||||
$ | 10,000 | 4.76%, 06/30/2028 | $ | 8,699 | ||||||||
State of Illinois, Taxable Pension, | ||||||||||||
3,045 | 5.10%, 06/01/2033 | 2,705 | ||||||||||
11,404 | ||||||||||||
Transportation — 0.1% | ||||||||||||
Dallas Texas Area Rapid Transit Sales Tax Rev, | ||||||||||||
2,200 | 6.00%, 12/01/2044 | 2,229 | ||||||||||
Illinois State Toll Highway Auth, | ||||||||||||
365 | 6.18%, 01/01/2034 | 370 | ||||||||||
New York and New Jersey PA, | ||||||||||||
975 | 5.86%, 12/01/2024 | 998 | ||||||||||
570 | 6.04%, 12/01/2029 | 590 | ||||||||||
4,187 | ||||||||||||
Total municipal bonds (cost $17,121) | $ | 15,591 | ||||||||||
U.S. GOVERNMENT AGENCIES — 2.4% | ||||||||||||
Federal Home Loan Mortgage Corporation — 0.3% | ||||||||||||
$ | 6,922 | 4.50%, 11/01/2037 — 02/01/2039 | $ | 6,899 | ||||||||
Federal National Mortgage Association — 0.1% | ||||||||||||
1,500 | 5.00%, 08/15/2038 (Q) | 1,521 | ||||||||||
88 | 6.50%, 05/01/2036 — 07/01/2038 | 94 | ||||||||||
1,615 | ||||||||||||
Government National Mortgage Association — 1.0% | ||||||||||||
24,856 | 5.50%, 05/15/2037 — 07/15/2037 | 25,720 | ||||||||||
6,717 | 6.00%, 06/15/2024 — 05/15/2035 | 7,053 | ||||||||||
2,338 | 6.50%, 03/15/2026 — 02/15/2035 | 2,523 | ||||||||||
8,841 | 7.00%, 11/15/2031 — 11/15/2033 | 9,570 | ||||||||||
83 | 7.50%, 09/16/2035 | 91 | ||||||||||
1,336 | 8.00%, 09/15/2026 — 02/15/2031 | 1,513 | ||||||||||
90 | 9.00%, 06/20/2016 — 06/15/2022 | 96 | ||||||||||
46,566 | ||||||||||||
Other Government Agencies — 1.0% | ||||||||||||
Small Business Administration Participation Certificates: | ||||||||||||
32,057 | 8.95%, 06/15/2022 | 39,591 | ||||||||||
Total U.S. government agencies (cost $89,106) | $ | 94,671 | ||||||||||
U.S. GOVERNMENT SECURITIES — 11.2% | ||||||||||||
Other Direct Federal Obligations — 3.6% | ||||||||||||
Federal Financing Corporation: | ||||||||||||
$ | 6,500 | 5.24%, 12/06/2013 | $ | 5,485 | ||||||||
11,117 | 5.25%, 12/27/2013 | 9,355 | ||||||||||
14,840 | ||||||||||||
Tennessee Valley Authority: | ||||||||||||
64,300 | 4.38%, 06/15/2015 | 68,008 | ||||||||||
50,000 | 6.00%, 03/15/2013 | 55,848 | ||||||||||
123,856 | ||||||||||||
138,696 | ||||||||||||
U.S. Treasury Securities — 7.6% | ||||||||||||
U.S. Treasury Bonds — 2.8% | ||||||||||||
22,000 | 4.25%, 05/15/2039 | 21,776 | ||||||||||
22,000 | 4.38%, 02/15/2038 | 22,217 | ||||||||||
18,000 | 6.00%, 02/15/2026 | 21,710 | ||||||||||
33,650 | 6.25%, 08/15/2023 | 40,990 | ||||||||||
106,693 | ||||||||||||
U.S. Treasury Notes — 4.8% | ||||||||||||
30,000 | 1.38%, 05/15/2012 | 29,831 | ||||||||||
42,000 | 2.38%, 08/31/2010 | 42,871 | ||||||||||
23,000 | 2.75%, 02/15/2019 | 21,541 | ||||||||||
35,000 | 3.88%, 02/15/2013 — 05/15/2018 # | 36,420 | ||||||||||
30,135 | 4.13%, 08/15/2010 | 31,332 | ||||||||||
13,000 | 4.25%, 08/15/2013 | 14,055 | ||||||||||
9,950 | 4.75%, 05/31/2012 | 10,849 | ||||||||||
186,899 | ||||||||||||
293,592 | ||||||||||||
Total U.S. government securities (cost $418,848) | $ | 432,288 | ||||||||||
Total long-term investments (cost $4,019,087) | $ | 3,696,028 | ||||||||||
SHORT-TERM INVESTMENTS — 4.1% | ||||||||||||
Repurchase Agreements — 4.1% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,838, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $10,035) | ||||||||||||
$ | 9,838 | 0.09%, 6/30/2009 | $ | 9,838 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $90,579, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $92,391) | ||||||||||||
90,579 | 0.05%, 6/30/2009 | 90,579 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $22,778, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $23,233) | ||||||||||||
22,778 | 0.09%, 6/30/2009 | 22,778 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $34,122, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $34,805) | ||||||||||||
34,122 | 0.08%, 6/30/2009 | 34,122 |
The accompanying notes are an integral part of these financial statements.
64
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $31) | ||||||||||||
$ | 30 | 0.03%, 6/30/2009 | $ | 30 | ||||||||
157,347 | ||||||||||||
Total short-term investments (cost $157,347) | $ | 157,347 | ||||||||||
Total investments (cost $4,176,434) (C) | 99.8 | % | $ | 3,853,375 | ||||||||
Other assets and liabilities | 0.2 | % | 9,523 | |||||||||
Total net assets | 100.0 | % | $ | 3,862,898 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 8.0% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,268,726 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 188,762 | ||
Unrealized Depreciation | (604,113 | ) | ||
Net Unrealized Depreciation | $ | (415,351 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $13,735, which represents 0.36% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $63,341, which represents 1.64% of total net assets. | |
(Q) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $4,353. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 11,241 | Buck Holdings L.P. | $ | 11,253 | ||||||
04/2008 | 4,194 | Washington Mutual, Inc. Private Placement | 36,700 | |||||||
04/2008 | 524 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $13,735 which represents 0.36% of total net assets. | ||
PA — Port Authority | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 39,326 | $ | — | $ | 39,326 | $ | — | ||||||||
Common Stocks | 2,576,657 | 2,491,320 | 71,602 | 13,735 | ||||||||||||
Corporate Bonds: Investment Grade | 535,071 | — | 528,551 | 6,520 | ||||||||||||
Corporate Bonds: Non-Investment Grade | 2,424 | — | 2,424 | — | ||||||||||||
Municipal Bonds | 15,591 | — | 15,591 | — | ||||||||||||
U.S. Government Agencies | 94,671 | — | 94,671 | — | ||||||||||||
U.S. Government Securities | 432,288 | 21,776 | 410,512 | — | ||||||||||||
Short-Term Investments | 157,347 | — | 157,347 | — | ||||||||||||
Total | $ | 3,853,375 | $ | 2,513,096 | $ | 1,320,024 | $ | 20,255 | ||||||||
The accompanying notes are an integral part of these financial statements.
65
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as | Change in | Balance as | ||||||||||||||||||
of December | Realized | Unrealized | Net | of June | ||||||||||||||||
31, 2008 | Gain (Loss) | Appreciation | Sales | 30, 2009 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 4,580 | $ | (3,577 | ) | $ | 4,145* | $ | (5,148 | ) | $ | — | ||||||||
Common Stock | 10,906 | — | 2,829 (A | ) | — | 13,735 | ||||||||||||||
Corporate Bonds | 5,251 | — | 1,324 # | (55 | ) | 6,520 | ||||||||||||||
Total | $ | 20,737 | $ | (3,577 | ) | $ | 8,298 | $ | (5,203 | ) | $ | 20,255 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — . | |
(A) | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,829. | |
# | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $1,324. |
The accompanying notes are an integral part of these financial statements.
66
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.2% | ||||||||||||
Automobiles & Components — 2.9% | ||||||||||||
568 | Daimler AG | $ | 20,621 | |||||||||
31,617 | Ford Motor Co. (D) | 191,917 | ||||||||||
303 | Michelin (C.G.D.E.) Class B | 17,379 | ||||||||||
837 | TRW Automotive Holdings Corp. (D) | 9,457 | ||||||||||
239,374 | ||||||||||||
Banks — 4.0% | ||||||||||||
1,792 | Barclays Bank plc | 8,325 | ||||||||||
2,185 | HSBC Holding plc | 18,202 | ||||||||||
1,693 | Huntington Bancshares, Inc. | 7,077 | ||||||||||
54,494 | Industrial and Commercial Bank of China | 37,747 | ||||||||||
1,352 | Itau Unibanco Banco Multiplo S.A. ADR | 21,404 | ||||||||||
1,990 | Standard Chartered plc | 37,412 | ||||||||||
414 | Sumitomo Mitsui Financial Group, Inc. | 16,769 | ||||||||||
954 | SunTrust Banks, Inc. | 15,692 | ||||||||||
188 | US Bancorp | 3,365 | ||||||||||
469 | Washington Mutual, Inc. Private Placement (H)(A) | 43 | ||||||||||
6,645 | Wells Fargo & Co. | 161,208 | ||||||||||
327,244 | ||||||||||||
Capital Goods — 7.0% | ||||||||||||
777 | ABB Ltd. ADR | 12,266 | ||||||||||
35 | Alliant Techsystems, Inc. (D) | 2,866 | ||||||||||
102 | AMETEK, Inc. | 3,510 | ||||||||||
447 | BE Aerospace, Inc. (D) | 6,417 | ||||||||||
254 | Boeing Co. | 10,786 | ||||||||||
400 | Briggs & Stratton Corp. | 5,341 | ||||||||||
282 | Caterpillar, Inc. | 9,307 | ||||||||||
220 | Cummins, Inc. | 7,732 | ||||||||||
162 | Danaher Corp. | 9,989 | ||||||||||
298 | Deere & Co. | 11,921 | ||||||||||
482 | Dover Corp. | 15,944 | ||||||||||
143 | Emerson Electric Co. | 4,619 | ||||||||||
163 | First Solar, Inc. (D) | 26,476 | ||||||||||
239 | Flowserve Corp. | 16,685 | ||||||||||
601 | Fluor Corp. | 30,830 | ||||||||||
241 | Foster Wheeler AG (D) | 5,721 | ||||||||||
5,993 | General Electric Co. | 70,239 | ||||||||||
3,812 | Hansen Transmissions (D) | 9,698 | ||||||||||
199 | Illinois Tool Works, Inc. | 7,440 | ||||||||||
407 | Ingersoll-Rand Co. Class A | 8,515 | ||||||||||
39 | Jacobs Engineering Group, Inc. (D) | 1,662 | ||||||||||
230 | Joy Global, Inc. | 8,225 | ||||||||||
157 | Lennox International, Inc. | 5,041 | ||||||||||
94 | Lindsay Corp. | 3,102 | ||||||||||
196 | Lockheed Martin Corp. | 15,824 | ||||||||||
528 | Masco Corp. | 5,057 | ||||||||||
88 | Parker-Hannifin Corp. | 3,776 | ||||||||||
366 | Pentair, Inc. | 9,374 | ||||||||||
360 | Precision Castparts Corp. | 26,305 | ||||||||||
2,843 | Raytheon Co. | 126,295 | ||||||||||
98 | Regal-Beloit Corp. | 3,900 | ||||||||||
469 | Siemens AG | 32,453 | ||||||||||
298 | Spirit Aerosystems Holdings, Inc. (D) | 4,092 | ||||||||||
959 | Sunpower Corp. Class B (D) | 22,956 | ||||||||||
697 | Terex Corp. (D) | 8,407 | ||||||||||
150 | Vestas Wind Systems A/S (D) | 10,789 | ||||||||||
485 | Yingli Green Energy Holdings (D) | 6,574 | ||||||||||
570,134 | ||||||||||||
Commercial & Professional Services — 0.2% | ||||||||||||
361 | Corrections Corp. of America (D) | 6,140 | ||||||||||
533 | Monster Worldwide, Inc. (D) | 6,299 | ||||||||||
12,439 | ||||||||||||
Consumer Durables & Apparel — 1.1% | ||||||||||||
833 | Coach, Inc. | 22,391 | ||||||||||
574 | Hanesbrands, Inc. (D) | 8,619 | ||||||||||
376 | Iconix Brand Group, Inc. (D) | 5,781 | ||||||||||
1,268 | Liz Claiborne, Inc. | 3,652 | ||||||||||
3,697 | Newell Rubbermaid, Inc. | 38,490 | ||||||||||
262 | Pool Corp. | 4,337 | ||||||||||
209 | Toll Brothers, Inc. (D) | 3,550 | ||||||||||
110 | Warnaco Group, Inc. (D) | 3,564 | ||||||||||
71 | Whirlpool Corp. | 3,018 | ||||||||||
93,402 | ||||||||||||
Consumer Services — 1.2% | ||||||||||||
189 | Apollo Group, Inc. Class A (D) | 13,460 | ||||||||||
230 | Brinks Home Security Holding (D) | 6,509 | ||||||||||
162 | Cheesecake Factory, Inc. (D) | 2,794 | ||||||||||
244 | Coinstar, Inc. (D) | 6,504 | ||||||||||
217 | Corinthian Colleges, Inc. (D) | 3,680 | ||||||||||
277 | Ctrip.com International Ltd. ADR (D) | 12,802 | ||||||||||
38 | Educomp Solutions Ltd. (D) | 3,010 | ||||||||||
283 | International Game Technology | 4,497 | ||||||||||
88 | ITT Educational Services, Inc. (D) | 8,875 | ||||||||||
84 | K12, Inc. (D) | 1,808 | ||||||||||
332 | Life Time Fitness, Inc. (D) | 6,649 | ||||||||||
1,143 | MGM Mirage, Inc. (D) | 7,302 | ||||||||||
13,938 | Shangri-La Asia Ltd. | 20,586 | ||||||||||
8 | Weight Watchers International, Inc. | 198 | ||||||||||
98,674 | ||||||||||||
Diversified Financials — 7.4% | ||||||||||||
1,465 | American Capital Ltd. | 4,703 | ||||||||||
448 | Ameriprise Financial, Inc. | 10,880 | ||||||||||
15,745 | Bank of America Corp. | 207,828 | ||||||||||
798 | CIT Group, Inc. | 1,715 | ||||||||||
423 | Deutsche Boerse AG | 32,958 | ||||||||||
968 | Discover Financial Services, Inc. | 9,939 | ||||||||||
1,155 | Goldman Sachs Group, Inc. | 170,259 | ||||||||||
2,000 | ING Groep N.V. | 20,262 | ||||||||||
269 | Invesco Ltd. | 4,799 | ||||||||||
448 | JP Morgan Chase & Co. | 15,271 | ||||||||||
1,792 | Julius Baer Holding Ltd. | 69,678 | ||||||||||
93 | Moody’s Corp. | 2,450 | ||||||||||
162 | Morgan Stanley | 4,615 | ||||||||||
481 | Nomura Holdings, Inc. | 4,058 | ||||||||||
442 | Oaktree Capital (I)(D) | 9,503 | ||||||||||
298 | PennantPark Investment Corp. | 2,118 | ||||||||||
65 | State Street Corp. | 3,082 | ||||||||||
527 | TD Ameritrade Holding Corp. (D) | 9,237 | ||||||||||
1,882 | UBS AG | 23,108 | ||||||||||
410 | UBS AG ADR | 5,006 | ||||||||||
611,469 | ||||||||||||
Energy — 12.3% | ||||||||||||
5,080 | Acergy S.A. | 50,139 | ||||||||||
546 | Apache Corp. | 39,410 | ||||||||||
90 | Arena Resources, Inc. (D) | 2,854 | ||||||||||
168 | Atwood Oceanics, Inc. (D) | 4,182 | ||||||||||
458 | Baker Hughes, Inc. | 16,680 | ||||||||||
115 | Cabot Oil & Gas Corp. | 3,511 | ||||||||||
2,858 | Cameco Corp. | 73,156 | ||||||||||
43 | Canadian Natural Resources Ltd. | 2,278 |
The accompanying notes are an integral part of these financial statements.
67
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Energy — (continued) | ||||||||||||
203 | Canadian Natural Resources Ltd. ADR | $ | 10,640 | |||||||||
458 | Chesapeake Energy Corp. | 9,086 | ||||||||||
478 | Consol Energy, Inc. | 16,233 | ||||||||||
127 | Diamond Offshore Drilling, Inc. | 10,575 | ||||||||||
426 | Dresser-Rand Group, Inc. (D) | 11,114 | ||||||||||
109 | EOG Resources, Inc. | 7,376 | ||||||||||
101 | Exxon Mobil Corp. | 7,026 | ||||||||||
3,000 | Halliburton Co. | 62,100 | ||||||||||
902 | Hess Corp. | 48,474 | ||||||||||
34 | Karoon Gas Australia Ltd. (D) | 246 | ||||||||||
1,187 | Lundin Petroleum Ab (D) | 9,227 | ||||||||||
193 | Massey Energy Co. | 3,763 | ||||||||||
762 | Nabors Industries Ltd. (D) | 11,878 | ||||||||||
1,431 | National Oilwell Varco, Inc. (D) | 46,736 | ||||||||||
393 | Newfield Exploration Co. (D) | 12,846 | ||||||||||
600 | Noble Energy, Inc. | 35,353 | ||||||||||
3,635 | OAO Gazprom Class S ADR | 73,606 | ||||||||||
839 | Occidental Petroleum Corp. | 55,230 | ||||||||||
94 | Oceaneering International, Inc. (D) | 4,260 | ||||||||||
1,649 | OMV AG | 62,007 | ||||||||||
246 | Overseas Shipholding Group, Inc. | 8,371 | ||||||||||
308 | Petro-Canada | 11,814 | ||||||||||
100 | PetroChina Co. Ltd. ADR | 11,081 | ||||||||||
871 | Petroleo Brasileiro S.A. ADR | 35,673 | ||||||||||
97 | Range Resources Corp. | 4,029 | ||||||||||
251 | SBM Offshore N.V. | 4,312 | ||||||||||
1,095 | Schlumberger Ltd. | 59,256 | ||||||||||
450 | Smith International, Inc. | 11,590 | ||||||||||
484 | Suncor Energy, Inc. | 14,709 | ||||||||||
1,554 | Suncor Energy, Inc. ADR | 47,156 | ||||||||||
302 | Talisman Energy, Inc. | 4,314 | ||||||||||
131 | Total S.A. | 7,083 | ||||||||||
243 | Total S.A. ADR | 13,167 | ||||||||||
59 | Transocean, Inc. (D) | 4,375 | ||||||||||
400 | Tsakos Energy Navigation Ltd. | 6,456 | ||||||||||
565 | USEC, Inc. (D) | 3,006 | ||||||||||
174 | Valero Energy Corp. | 2,941 | ||||||||||
3,370 | Weatherford International Ltd. (D) | 65,921 | ||||||||||
87 | XTO Energy, Inc. | 3,334 | ||||||||||
1,008,574 | ||||||||||||
Food & Staples Retailing — 0.5% | ||||||||||||
357 | Kroger Co. | 7,861 | ||||||||||
6,650 | Olam International Ltd. | 11,089 | ||||||||||
296 | Sysco Corp. | 6,654 | ||||||||||
276 | Wal-Mart Stores, Inc. | 13,389 | ||||||||||
38,993 | ||||||||||||
Food, Beverage & Tobacco — 2.0% | ||||||||||||
105 | Bunge Ltd. Finance Corp. | 6,326 | ||||||||||
8,342 | Chaoda Modern Agriculture | 4,878 | ||||||||||
271 | Groupe Danone | 13,440 | ||||||||||
759 | Imperial Tobacco Group plc | 19,743 | ||||||||||
3 | Japan Tobacco, Inc. | 9,765 | ||||||||||
4,392 | Marine Harvest (D) | 2,953 | ||||||||||
143 | Molson Coors Brewing Co. | 6,045 | ||||||||||
1,125 | Nestle S.A. | 42,478 | ||||||||||
610 | PepsiCo, Inc. | 33,509 | ||||||||||
89 | Perdigao S.A. (D) | 3,413 | ||||||||||
199 | Philip Morris International, Inc. | 8,659 | ||||||||||
305 | Unilever N.V. NY Shares ADR | 7,363 | ||||||||||
158,572 | ||||||||||||
Health Care Equipment & Services — 6.7% | ||||||||||||
700 | Aetna, Inc. | 17,535 | ||||||||||
118 | Allscripts Misys Healthcare Solution | 1,876 | ||||||||||
1,722 | ATS Medical, Inc. (D) | 5,665 | ||||||||||
98 | Beckman Coulter, Inc. | 5,611 | ||||||||||
7,963 | Boston Scientific Corp. (D) | 80,748 | ||||||||||
212 | Cardinal Health, Inc. | 6,474 | ||||||||||
442 | China Medical Technologies, Inc. ADR | 8,804 | ||||||||||
281 | CIGNA Corp. | 6,774 | ||||||||||
1,334 | Covidien plc | 49,958 | ||||||||||
57 | Edwards Lifesciences Corp. (D) | 3,880 | ||||||||||
24 | Hologic, Inc. (D) | 343 | ||||||||||
21 | Intuitive Surgical, Inc. (D) | 3,418 | ||||||||||
101 | Inverness Medical Innovation, Inc. (D) | 3,608 | ||||||||||
2,073 | McKesson Corp. | 91,203 | ||||||||||
2,913 | Medtronic, Inc. | 101,647 | ||||||||||
209 | St. Jude Medical, Inc. (D) | 8,569 | ||||||||||
5,438 | UnitedHealth Group, Inc. | 135,845 | ||||||||||
137 | Varian Medical Systems, Inc. (D) | 4,799 | ||||||||||
344 | Volcano Corp. (D) | 4,815 | ||||||||||
200 | Zimmer Holdings, Inc. (D) | 8,520 | ||||||||||
197 | Zoll Medical Corp. (D) | 3,808 | ||||||||||
553,900 | ||||||||||||
Household & Personal Products — 0.5% | ||||||||||||
1,000 | Bare Escentuals, Inc. (D) | 8,870 | ||||||||||
250 | Herbalife Ltd. | 7,885 | ||||||||||
84 | L’Oreal S.A. | 6,295 | ||||||||||
323 | Procter & Gamble Co. | 16,505 | ||||||||||
39,555 | ||||||||||||
Insurance — 3.8% | ||||||||||||
4,988 | ACE Ltd. | 220,620 | ||||||||||
204 | Everest Re Group Ltd. | 14,628 | ||||||||||
1,403 | Fidelity National Financial, Inc. | 18,985 | ||||||||||
120 | First American Financial Corp. | 3,099 | ||||||||||
675 | Marsh & McLennan Cos., Inc. | 13,594 | ||||||||||
87 | PartnerRe Ltd. | 5,644 | ||||||||||
254 | Platinum Underwriters Holdings Ltd. | 7,256 | ||||||||||
206 | Principal Financial Group, Inc. | 3,875 | ||||||||||
327 | Reinsurance Group of America, Inc. | 11,430 | ||||||||||
603 | Unum Group | 9,561 | ||||||||||
308,692 | ||||||||||||
Materials — 5.1% | ||||||||||||
378 | Agnico Eagle Mines Ltd. | 19,832 | ||||||||||
210 | Allegheny Technologies, Inc. | 7,332 | ||||||||||
450 | AngloGold Ltd. ADR | 16,484 | ||||||||||
1,472 | Aracruz Celulose S.A. ADR | 21,841 | ||||||||||
272 | ArcelorMittal ADR | 8,995 | ||||||||||
107 | Barrick Gold Corp. | 3,598 | ||||||||||
598 | Cliff’s Natural Resources, Inc. | 14,632 | ||||||||||
811 | CRH plc | 18,573 | ||||||||||
134 | Cytec Industries, Inc. | 2,495 | ||||||||||
34 | FMC Corp. | 1,627 | ||||||||||
471 | Impala Platinum Holdings Ltd. | 10,421 | ||||||||||
140 | Martin Marietta Materials, Inc. | 11,020 | ||||||||||
224 | Mosaic Co. | 9,928 | ||||||||||
1,480 | Newmont Mining Corp. | 60,475 | ||||||||||
415 | Nucor Corp. | 18,428 | ||||||||||
330 | Owens-Illinois, Inc. (D) | 9,238 | ||||||||||
321 | Potash Corp. of Saskatchewan, Inc. | 29,862 | ||||||||||
419 | Praxair, Inc. | 29,805 | ||||||||||
52 | Randgold Resources Ltd. ADR | 3,318 | ||||||||||
1,156 | Rexam plc | 5,433 | ||||||||||
174 | Rio Tinto plc | 6,037 |
The accompanying notes are an integral part of these financial statements.
68
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Materials — (continued) | ||||||||||||
92 | Rio Tinto plc Rights | $ | 1,051 | |||||||||
387 | Teck Cominco Ltd. Class B | 6,172 | ||||||||||
196 | Vale S.A. — SP ADR | 3,452 | ||||||||||
2,491 | Vedanta Resources plc | 53,033 | ||||||||||
67 | Vulcan Materials Co. | 2,883 | ||||||||||
533 | Walter Energy, Inc. | 19,301 | ||||||||||
1,135 | Xstrata plc | 12,337 | ||||||||||
304 | Yamana Gold, Inc. | 2,684 | ||||||||||
410,287 | ||||||||||||
Media — 2.7% | ||||||||||||
1,017 | CBS Corp. Class B | 7,040 | ||||||||||
741 | Comcast Corp. Class A | 10,733 | ||||||||||
889 | Comcast Corp. Special Class A | 12,528 | ||||||||||
221 | DreamWorks Animation SKG, Inc. (D) | 6,103 | ||||||||||
30 | Harvey Weinstein Co. Holdings Class A-1 (H)(D)(A) | — | ||||||||||
188 | Marvel Entertainment, Inc. (D) | 6,691 | ||||||||||
4,800 | News Corp. Class A | 43,728 | ||||||||||
176 | Scripps Networks Interactive Class A | 4,895 | ||||||||||
1,525 | Viacom, Inc. Class B (D) | 34,606 | ||||||||||
841 | Virgin Media, Inc. | 7,863 | ||||||||||
3,332 | Walt Disney Co. | 77,743 | ||||||||||
1,188 | WPP plc | 7,903 | ||||||||||
219,833 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 12.6% | ||||||||||||
366 | Abbott Laboratories | 17,224 | ||||||||||
231 | Alkermes, Inc. (D) | 2,495 | ||||||||||
768 | Amgen, Inc. (D) | 40,663 | ||||||||||
523 | Amylin Pharmaceuticals, Inc. (D) | 7,057 | ||||||||||
335 | Arena Pharmaceuticals, Inc. (D) | 1,672 | ||||||||||
63 | AstraZeneca plc ADR | 2,785 | ||||||||||
1,505 | Bristol-Myers Squibb Co. | 30,558 | ||||||||||
114 | Charles River Laboratories International, Inc. (D) | 3,854 | ||||||||||
3,092 | Elan Corp. plc ADR (D) | 19,694 | ||||||||||
373 | Eli Lilly & Co. | 12,936 | ||||||||||
523 | Genzyme Corp. (D) | 29,121 | ||||||||||
92 | Gilead Sciences, Inc. (D) | 4,301 | ||||||||||
806 | Impax Laboratories, Inc. (D) | 5,931 | ||||||||||
312 | Johnson & Johnson | 17,699 | ||||||||||
1,339 | King Pharmaceuticals, Inc. (D) | 12,894 | ||||||||||
201 | Life Technologies Corp. (D) | 8,388 | ||||||||||
4,960 | Merck & Co., Inc. | 138,693 | ||||||||||
6,007 | Novavax, Inc. (D) | 19,703 | ||||||||||
9,310 | Pfizer, Inc. | 139,643 | ||||||||||
956 | Roche Holding AG | 130,277 | ||||||||||
5,854 | Schering-Plough Corp. | 147,048 | ||||||||||
3,093 | Teva Pharmaceutical Industries Ltd. ADR | 152,604 | ||||||||||
405 | UCB S.A. | 13,003 | ||||||||||
1,710 | Wyeth | 77,603 | ||||||||||
1,035,846 | ||||||||||||
Real Estate — 0.7% | ||||||||||||
802 | Brookfield Asset Management, Inc. | 13,682 | ||||||||||
90 | Camden Property Trust | 2,487 | ||||||||||
2,279 | Chimera Investment Corp. | 7,954 | ||||||||||
305 | Host Hotels & Resorts, Inc. | 2,559 | ||||||||||
114 | Liberty Property Trust | 2,629 | ||||||||||
269 | Mack-Cali Realty Corp. | 6,129 | ||||||||||
1,053 | Sun Hung Kai Properties Ltd. | 13,076 | ||||||||||
134 | Taubman Centers, Inc. | 3,591 | ||||||||||
135 | Ventas, Inc. | 4,043 | ||||||||||
56,150 | ||||||||||||
Retailing — 3.9% | ||||||||||||
469 | Abercrombie & Fitch Co. Class A | 11,908 | ||||||||||
220 | Advance Automotive Parts, Inc. | 9,112 | ||||||||||
180 | Aeropostale, Inc. (D) | 6,151 | ||||||||||
236 | Amazon.com, Inc. (D) | 19,728 | ||||||||||
25 | AutoZone, Inc. (D) | 3,792 | ||||||||||
29,055 | Buck Holdings L.P. (H)(D)(A) | 34,518 | ||||||||||
226 | Dick’s Sporting Goods, Inc. (D) | 3,894 | ||||||||||
103 | GameStop Corp. Class A (D) | 2,266 | ||||||||||
110 | Gap, Inc. | 1,802 | ||||||||||
171 | Guess?, Inc. | 4,408 | ||||||||||
132 | Gymboree Corp. (D) | 4,676 | ||||||||||
414 | Home Depot, Inc. | 9,790 | ||||||||||
30 | Industria de Diseno Textil S.A. | 1,426 | ||||||||||
274 | Kohl’s Corp. (D) | 11,728 | ||||||||||
638 | Lowe’s Co., Inc. | 12,392 | ||||||||||
229 | Lumber Liquidators, Inc. (D) | 3,604 | ||||||||||
124 | Nordstrom, Inc. | 2,466 | ||||||||||
486 | Nutri/System, Inc. | 7,044 | ||||||||||
7,756 | Staples, Inc. | 156,444 | ||||||||||
97 | Target Corp. | 3,813 | ||||||||||
81 | The Buckle, Inc. | 2,580 | ||||||||||
291 | TJX Cos., Inc. | 9,156 | ||||||||||
209 | Urban Outfitters, Inc. (D) | 4,366 | ||||||||||
327,064 | ||||||||||||
Semiconductors & Semiconductor Equipment — 1.6% | ||||||||||||
975 | Altera Corp. | 15,869 | ||||||||||
309 | Analog Devices, Inc. | 7,646 | ||||||||||
1,881 | Intel Corp. | 31,134 | ||||||||||
491 | MEMC Electronic Materials, Inc. (D) | 8,738 | ||||||||||
1,317 | ON Semiconductor Corp. (D) | 9,035 | ||||||||||
1,308 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 12,308 | ||||||||||
1,198 | Texas Instruments, Inc. | 25,514 | ||||||||||
487 | Varian Semiconductor Equipment Associates, Inc. (D) | 11,685 | ||||||||||
502 | Xilinx, Inc. | 10,275 | ||||||||||
132,204 | ||||||||||||
Software & Services — 6.8% | ||||||||||||
87 | Accenture Ltd. Class A | 2,896 | ||||||||||
1,808 | Activision Blizzard, Inc. (D) | 22,837 | ||||||||||
113 | Akamai Technologies, Inc. (D) | 2,160 | ||||||||||
309 | Alliance Data Systems Corp. (D) | 12,715 | ||||||||||
270 | ArcSight, Inc. (D) | 4,798 | ||||||||||
318 | BMC Software, Inc. (D) | 10,762 | ||||||||||
79 | CACI International, Inc. Class A (D) | 3,370 | ||||||||||
225 | Check Point Software Technologies Ltd. ADR (D) | 5,285 | ||||||||||
2,188 | Cia Brasileira de Meios de Pagamentos (D) | 18,814 | ||||||||||
177 | Cognizant Technology Solutions Corp. (D) | 4,721 | ||||||||||
178 | Concur Technologies, Inc. (D) | 5,545 | ||||||||||
514 | eBay, Inc. (D) | 8,801 | ||||||||||
120 | Equinix, Inc. (D) | 8,729 | ||||||||||
344 | Giant Interactive Group, Inc. ADR | 2,790 | ||||||||||
307 | Google, Inc. (D) | 129,557 | ||||||||||
182 | Mastercard, Inc. | 30,400 | ||||||||||
2,752 | Microsoft Corp. | 65,422 | ||||||||||
77 | Nintendo Co., Ltd. | 21,338 | ||||||||||
4,417 | Oracle Corp. | 94,603 | ||||||||||
259 | Red Hat, Inc. (D) | 5,222 | ||||||||||
22 | Shanda Interactive Entertainment Ltd. ADR (D) | 1,153 | ||||||||||
487 | Sohu.com, Inc. (D) | 30,626 | ||||||||||
194 | Symantec Corp. (D) | 3,025 | ||||||||||
103 | Visa, Inc. | 6,403 | ||||||||||
92 | VistaPrint Ltd. (D) | 3,903 |
The accompanying notes are an integral part of these financial statements.
69
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
313 | Vocus, Inc. (D) | $ | 6,187 | |||||||||
2,831 | Western Union Co. | 46,431 | ||||||||||
558,493 | ||||||||||||
Technology — 0.0% | ||||||||||||
283 | Polypore International, Inc. (D) | 3,145 | ||||||||||
Technology Hardware & Equipment — 9.6% | ||||||||||||
139 | Apple, Inc. (D) | 19,789 | ||||||||||
540 | Arrow Electronics, Inc. (D) | 11,459 | ||||||||||
188 | Avnet, Inc. (D) | 3,960 | ||||||||||
9,568 | Cisco Systems, Inc. (D) | 178,352 | ||||||||||
1,804 | Corning, Inc. | 28,966 | ||||||||||
1,982 | EMC Corp. (D) | 25,961 | ||||||||||
587 | Emulex Corp. (D) | 5,743 | ||||||||||
2,668 | Flextronics International Ltd. (D) | 10,967 | ||||||||||
2,717 | Hewlett-Packard Co. | 105,025 | ||||||||||
27,019 | Hon Hai Precision Industry Co., Ltd. | 82,858 | ||||||||||
875 | IBM Corp. | 91,385 | ||||||||||
805 | JDS Uniphase Corp. (D) | 4,603 | ||||||||||
503 | Juniper Networks, Inc. (D) | 11,865 | ||||||||||
3,647 | Motorola, Inc. | 24,177 | ||||||||||
496 | NCR Corp. (D) | 5,862 | ||||||||||
1,351 | NetApp, Inc. (D) | 26,648 | ||||||||||
821 | QLogic Corp. (D) | 10,406 | ||||||||||
2,309 | Qualcomm, Inc. | 104,372 | ||||||||||
63 | Research In Motion Ltd. (D) | 4,452 | ||||||||||
217 | Riverbed Technology, Inc. (D) | 5,023 | ||||||||||
1,008 | Seagate Technology | 10,542 | ||||||||||
75 | Solar Cayman Ltd. (H)(D)(A) | 597 | ||||||||||
213 | Starent Networks Corp. (D) | 5,192 | ||||||||||
228 | Teradata Corp. (D) | 5,350 | ||||||||||
783,554 | ||||||||||||
Telecommunication Services — 1.9% | ||||||||||||
2,947 | AT&T, Inc. | 73,199 | ||||||||||
173 | Brasil Telecom S.A. ADR | 3,394 | ||||||||||
1,253 | Leap Wireless International, Inc. (D) | 41,245 | ||||||||||
1,109 | MetroPCS Communications, Inc. (D) | 14,763 | ||||||||||
806 | Mobile Telesystems OJSC ADR | 29,780 | ||||||||||
162,381 | ||||||||||||
Transportation — 1.9% | ||||||||||||
1,050 | Air Asia BHD (D) | 331 | ||||||||||
186 | C.H. Robinson Worldwide, Inc. | 9,705 | ||||||||||
264 | Con-way, Inc. | 9,336 | ||||||||||
9,510 | Delta Air Lines, Inc. (D) | 55,064 | ||||||||||
1,083 | Deutsche Post AG | 14,138 | ||||||||||
716 | FedEx Corp. | 39,808 | ||||||||||
232 | J.B. Hunt Transport Services, Inc. | 7,071 | ||||||||||
443 | Kansas City Southern (D) | 7,140 | ||||||||||
185 | TNT N.V. | 3,615 | ||||||||||
162 | United Parcel Service, Inc. Class B | 8,073 | ||||||||||
1,156 | US Airways Group, Inc. (D) | 2,809 | ||||||||||
157,090 | ||||||||||||
Utilities — 0.8% | ||||||||||||
226 | Entergy Corp. | 17,551 | ||||||||||
342 | Exelon Corp. | 17,524 | ||||||||||
60 | FirstEnergy Corp. | 2,313 | ||||||||||
746 | Northeast Utilities | 16,641 | ||||||||||
193 | Wisconsin Energy Corp. | 7,845 | ||||||||||
61,874 | ||||||||||||
Total common stocks (cost $8,575,981) | $ | 7,968,943 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
59 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Capital Goods — 0.0% | ||||||||||||
150 | Capstone Turbine Corp. (H)(D) | — | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 0.0% | ||||||||||||
510 | Novavax, Inc. (H)(D) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
EXCHANGE TRADED FUNDS — 0.6% | ||||||||||||
Diversified Financials — 0.1% | ||||||||||||
123 | iShares MSCI Emerging Markets Index Fund | 3,961 | ||||||||||
Other Investment Pools and Funds — 0.5% | ||||||||||||
216 | S & P 500 Depositary Receipt | $ | 19,836 | |||||||||
252 | S & P MidCap 400 Depositary Receipts | 26,507 | ||||||||||
Total exchange traded funds (cost $49,971) | $ | 50,304 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 0.2% | ||||||||||||
Finance — 0.2% | ||||||||||||
UBS Luxembourg S.A. | ||||||||||||
$ | 16,280 | 6.23%, 02/11/2015 | $ | 15,873 | ||||||||
Total corporate bonds: investment grade (cost $16,335) | $ | 15,873 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.3% | ||||||||||||
Finance — 0.3% | ||||||||||||
MBIA Insurance Co. | ||||||||||||
$ | 53,500 | 14.00%, 01/15/2033 (I)(L) | $ | 20,330 | ||||||||
Total corporate bonds: non-investment grade (cost $53,133) | $ | 20,330 | ||||||||||
Total long-term investments (cost $8,695,420) | $ | 8,055,450 | ||||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||||||
Repurchase Agreements — 1.8% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,456, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $9,646) | ||||||||||||
$ | 9,456 | 0.09%, 6/30/2009 | 9,456 |
The accompanying notes are an integral part of these financial statements.
70
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $87,067, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $88,808) | ||||||||||||
$ | 87,067 | 0.05%, 6/30/2009 | $ | 87,067 | ||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $21,895, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $22,332) | ||||||||||||
21,895 | 0.09%, 6/30/2009 | 21,895 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $32,799, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $33,455) | ||||||||||||
32,799 | 0.08%, 6/30/2009 | 32,799 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $29, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $29) | ||||||||||||
29 | 0.03%, 6/30/2009 | 29 | ||||||||||
151,246 | ||||||||||||
Total short-term investments (cost $151,246) | $ | 151,246 | ||||||||||
Total investments (cost $8,846,666) (C) | 100.1 | % | $ | 8,206,696 | ||||||||
Other assets and liabilities | (0.1 | )% | (10,743 | ) | ||||||||
Total net assets | 100.0 | % | $ | 8,195,953 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 22.1% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $9,407,250 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 560,356 | ||
Unrealized Depreciation | (1,760,910 | ) | ||
Net Unrealized Depreciation | $ | (1,200,554 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $35,158, which represents 0.43% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $29,833, which represents 0.36% of total net assets. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 29,055 | Buck Holdings L.P. | $ | 29,086 | ||||||
09/2008 | 150 | Capstone Turbine Corp. Warrants | — | |||||||
10/2005 | 30 | Harvey Weinstein Co. Holdings Class A-1 — Reg D | 27,951 | |||||||
07/2008 | 510 | Novavax, Inc. Warrants | — | |||||||
03/2007 | 75 | Solar Cayman Ltd. — 144A | 1,043 | |||||||
04/2008 | 469 | Washington Mutual, Inc. Private Placement | 4,100 | |||||||
07/2008 | 59 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $35,158 which represents 0.43% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Buy) | $ | 46 | $ | 46 | 07/01/09 | $ | — | |||||||||
British Pound (Sell) | 10,902 | 10,942 | 07/01/09 | 40 | ||||||||||||
Euro (Buy) | 159 | 159 | 07/01/09 | — | ||||||||||||
Euro (Sell) | 2,777 | 2,775 | 07/06/09 | (2 | ) | |||||||||||
Euro (Sell) | 1,368 | 1,373 | 07/02/09 | 5 | ||||||||||||
Hong Kong Dollar (Sell) | 680 | 680 | 07/06/09 | — | ||||||||||||
Singapore Dollar (Buy) | 419 | 418 | 07/01/09 | 1 | ||||||||||||
Singapore Dollar (Buy) | 346 | 345 | 07/02/09 | 1 | ||||||||||||
Singapore Dollar (Buy) | 382 | 382 | 07/02/09 | — | ||||||||||||
Swiss Franc (Sell) | 5,133 | 5,141 | 07/01/09 | 8 | ||||||||||||
$ | 53 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
71
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 7,968,943 | $ | 6,909,810 | $ | 1,014,472 | $ | 44,661 | ||||||||
Corporate Bonds: Investment Grade | 15,873 | — | 15,873 | — | ||||||||||||
Corporate Bonds: Non-Investment Grade | 20,330 | — | 20,330 | — | ||||||||||||
Exchange Traded Funds | 50,304 | 50,304 | — | — | ||||||||||||
Short-Term Investments | 151,246 | — | 151,246 | — | ||||||||||||
Total | $ | 8,206,696 | $ | 6,960,114 | $ | 1,201,921 | $ | 44,661 | ||||||||
Other Financial Instruments* | $ | 55 | $ | — | $ | 55 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments* | $ | 2 | $ | — | $ | 2 | $ | — | ||||||||
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | ||||||||||||||||||
December 31, | Unrealized | Net | and/or Out of | Balance as of | ||||||||||||||||
2008 | Depreciation | Purchases | Level 3 | June 30, 2009 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Common Stock | $ | 46,381 | $ | (336 | )* | $ | 1,135 | $ | (2,519 | ) | $ | 44,661 | ||||||||
Corporate Bonds | 15,599 | — (A | ) | — | (15,599 | ) | — | |||||||||||||
Total | $ | 61,980 | $ | (336 | ) | $ | 1,135 | $ | (18,118 | ) | $ | 44,661 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(336). | |
(A) | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — . |
The accompanying notes are an integral part of these financial statements.
72
Table of Contents
Hartford Disciplined Equity HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 99.0% | ||||||||||||
Automobiles & Components — 0.6% | ||||||||||||
955 | Ford Motor Co. (D) | $ | 5,794 | |||||||||
Banks — 4.3% | ||||||||||||
414 | PNC Financial Services Group, Inc. | 16,048 | ||||||||||
1,174 | Wells Fargo & Co. | 28,471 | ||||||||||
44,519 | ||||||||||||
Capital Goods — 6.8% | ||||||||||||
330 | Dover Corp. | 10,930 | ||||||||||
40 | First Solar, Inc. (D) | 6,436 | ||||||||||
122 | Fluor Corp. | 6,268 | ||||||||||
310 | Lockheed Martin Corp. | 24,961 | ||||||||||
161 | Precision Castparts Corp. | 11,736 | ||||||||||
77 | Raytheon Co. | 3,417 | ||||||||||
111 | United Technologies Corp. | 5,741 | ||||||||||
69,489 | ||||||||||||
Commercial & Professional Services — 0.5% | ||||||||||||
135 | Manpower, Inc. (T) | 5,703 | ||||||||||
Consumer Services — 1.3% | ||||||||||||
94 | Apollo Group, Inc. Class A (D)(U) | 6,657 | ||||||||||
70 | ITT Educational Services, Inc. (D) | 7,016 | ||||||||||
13,673 | ||||||||||||
Diversified Financials — 4.0% | ||||||||||||
184 | Ameriprise Financial, Inc. | 4,466 | ||||||||||
1,264 | Bank of America Corp. | 16,685 | ||||||||||
139 | Goldman Sachs Group, Inc. | 20,435 | ||||||||||
41,586 | ||||||||||||
Energy — 8.8% | ||||||||||||
225 | ConocoPhillips Holding Co. | 9,480 | ||||||||||
128 | Consol Energy, Inc. | 4,361 | ||||||||||
56 | Diamond Offshore Drilling, Inc. | 4,609 | ||||||||||
138 | Hess Corp. | 7,401 | ||||||||||
552 | Marathon Oil Corp. | 16,623 | ||||||||||
605 | Nabors Industries Ltd. (D) | 9,423 | ||||||||||
143 | National Oilwell Varco, Inc. (D) | 4,677 | ||||||||||
244 | Occidental Petroleum Corp. (T) | 16,078 | ||||||||||
113 | Range Resources Corp. (U) | 4,687 | ||||||||||
220 | Ultra Petroleum Corp. (D) | 8,592 | ||||||||||
126 | XTO Energy, Inc. | 4,817 | ||||||||||
90,748 | ||||||||||||
Food & Staples Retailing — 3.5% | ||||||||||||
223 | BJ’s Wholesale Club, Inc. (D) | 7,181 | ||||||||||
469 | Supervalu, Inc. | 6,079 | ||||||||||
466 | Wal-Mart Stores, Inc. | 22,587 | ||||||||||
35,847 | ||||||||||||
Food, Beverage & Tobacco — 6.5% | ||||||||||||
946 | Altria Group, Inc. | 15,511 | ||||||||||
101 | Archer Daniels Midland Co. | 2,690 | ||||||||||
145 | Lorillard, Inc. | 9,847 | ||||||||||
219 | PepsiCo, Inc. | 12,058 | ||||||||||
590 | Philip Morris International, Inc. | 25,744 | ||||||||||
65,850 | ||||||||||||
Health Care Equipment & Services — 4.1% | ||||||||||||
55 | Humana, Inc. (D) | 1,781 | ||||||||||
209 | Medtronic, Inc. | 7,282 | ||||||||||
408 | St. Jude Medical, Inc. (D) | 16,785 | ||||||||||
377 | UnitedHealth Group, Inc. | 9,422 | ||||||||||
135 | Wellpoint, Inc. (D) | 6,850 | ||||||||||
42,120 | ||||||||||||
Insurance — 5.1% | ||||||||||||
294 | Allied World Assurance Holdings Ltd. | 12,012 | ||||||||||
466 | Axis Capital Holdings Ltd. | 12,187 | ||||||||||
171 | Everest Re Group Ltd. | 12,246 | ||||||||||
223 | Lincoln National Corp. | 3,836 | ||||||||||
160 | Prudential Financial, Inc. | 5,937 | ||||||||||
378 | Unum Group | 5,993 | ||||||||||
52,211 | ||||||||||||
Materials — 2.1% | ||||||||||||
345 | Cliff’s Natural Resources, Inc. | 8,430 | ||||||||||
95 | Freeport-McMoRan Copper & Gold, Inc. | 4,780 | ||||||||||
69 | Lubrizol Corp. | 3,264 | ||||||||||
117 | Mosaic Co. | 5,179 | ||||||||||
21,653 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 16.0% | ||||||||||||
263 | Abbott Laboratories | 12,362 | ||||||||||
449 | Amgen, Inc. (D)(U) | 23,781 | ||||||||||
781 | Bristol-Myers Squibb Co. | 15,862 | ||||||||||
608 | Eli Lilly & Co. | 21,054 | ||||||||||
753 | Forest Laboratories, Inc. (D) | 18,908 | ||||||||||
223 | Gilead Sciences, Inc. (D) | 10,450 | ||||||||||
335 | Johnson & Johnson | 19,045 | ||||||||||
418 | Merck & Co., Inc. | 11,676 | ||||||||||
362 | Pfizer, Inc. | 5,430 | ||||||||||
610 | Schering-Plough Corp. | 15,311 | ||||||||||
236 | Wyeth | 10,721 | ||||||||||
164,600 | ||||||||||||
Real Estate — 0.9% | ||||||||||||
587 | Annaly Capital Management, Inc. | 8,890 | ||||||||||
Retailing — 5.0% | ||||||||||||
20 | AutoZone, Inc. (D) | 3,022 | ||||||||||
189 | Best Buy Co., Inc. | 6,336 | ||||||||||
1,197 | Gap, Inc. | 19,637 | ||||||||||
142 | Kohl’s Corp. (D) | 6,058 | ||||||||||
335 | Macy’s, Inc. | 3,939 | ||||||||||
1,064 | Office Depot, Inc. (D) | 4,852 | ||||||||||
243 | TJX Cos., Inc. | 7,642 | ||||||||||
51,486 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.5% | ||||||||||||
256 | Intel Corp. | 4,238 | ||||||||||
255 | Maxim Integrated Products, Inc. | 3,995 | ||||||||||
892 | ON Semiconductor Corp. (D) | 6,116 | ||||||||||
539 | Texas Instruments, Inc. | 11,470 | ||||||||||
25,819 | ||||||||||||
Software & Services — 9.3% | ||||||||||||
472 | Accenture Ltd. Class A | 15,807 | ||||||||||
148 | BMC Software, Inc. (D)(U) | 4,991 | ||||||||||
37 | Google, Inc. (D) | 15,726 | ||||||||||
22 | Mastercard, Inc. | 3,731 | ||||||||||
1,096 | Microsoft Corp. | 26,062 | ||||||||||
985 | Oracle Corp. | 21,094 |
The accompanying notes are an integral part of these financial statements.
73
Table of Contents
Hartford Disciplined Equity HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
181 | VeriSign, Inc. (D) | $ | 3,341 | |||||||||
306 | Western Union Co. | 5,010 | ||||||||||
95,762 | ||||||||||||
Technology Hardware & Equipment — 7.2% | ||||||||||||
140 | Apple, Inc. (D) | 19,869 | ||||||||||
558 | Cisco Systems, Inc. (D) | 10,396 | ||||||||||
390 | Hewlett-Packard Co. | 15,058 | ||||||||||
139 | IBM Corp. | 14,494 | ||||||||||
— | Nortel Networks Corp. (D) | — | ||||||||||
174 | Western Digital Corp. (D) | 4,608 | ||||||||||
1,398 | Xerox Corp. | 9,060 | ||||||||||
73,485 | ||||||||||||
Telecommunication Services — 2.2% | ||||||||||||
896 | AT&T, Inc. | 22,248 | ||||||||||
Transportation — 1.4% | ||||||||||||
182 | FedEx Corp. | 10,145 | ||||||||||
139 | J.B. Hunt Transport Services, Inc. (U) | 4,228 | ||||||||||
14,373 | ||||||||||||
Utilities — 6.9% | ||||||||||||
119 | Edison International | 3,753 | ||||||||||
252 | Entergy Corp. | 19,527 | ||||||||||
319 | Exelon Corp. | 16,331 | ||||||||||
352 | FirstEnergy Corp. | 13,629 | ||||||||||
19 | NRG Energy, Inc. (D) | 501 | ||||||||||
51 | PG&E Corp. | 1,949 | ||||||||||
609 | UGI Corp. | 15,523 | ||||||||||
71,213 | ||||||||||||
Total common stocks (cost $1,120,816) | $ | 1,017,069 | ||||||||||
Total long-term investments (cost $1,120,816) | $ | 1,017,069 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 0.1% | ||||||||||||
Repurchase Agreements — 0.1% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $95, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $97) | ||||||||||||
$ | 95 | 0.09%, 6/30/2009 | $ | 95 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $874, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $891) | ||||||||||||
874 | 0.05%, 6/30/2009 | 874 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $220, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $224) | ||||||||||||
220 | 0.09%, 6/30/2009 | 220 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $329, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $336) | ||||||||||||
329 | 0.08%, 6/30/2009 | 329 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—) | ||||||||||||
— | 0.03%, 6/30/2009 | — | ||||||||||
1,518 | ||||||||||||
Total short-term investments (cost $1,518) | $ | 1,518 | ||||||||||
Total investments (cost $1,122,334) (C) | 99.1 | % | $ | 1,018,587 | ||||||||
Other assets and liabilities | 0.9 | % | 9,262 | |||||||||
Total net assets | 100.0 | % | $ | 1,027,849 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,122,334 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 65,985 | ||
Unrealized Depreciation | (169,732 | ) | ||
Net Unrealized Depreciation | $ | (103,747 | ) | |
(D) | Currently non-income producing. | |
(U) | At June 30, 2009, these securities were designated to cover open call options written as follows: |
Unrealized | ||||||||||||||||||||
Issuer/Exercise Price/ | Number of | Market | Premiums | Appreciation | ||||||||||||||||
Expiration Date | Contracts* | Value (W) | Received | (Depreciation) | ||||||||||||||||
Amgen, Inc., $57.50, Jul, 2009 | 383 | $ | 8 | $ | 21 | $ | 13 | |||||||||||||
Apollo Group, $75.00, Jul, 2009 | 152 | 15 | 20 | 5 | ||||||||||||||||
BMC Software, Inc. Call, $37.50, Jul, 2009 | 298 | 3 | 19 | 16 | ||||||||||||||||
J.B. Hunt Transport Services, Inc. Call, $35.00, Jul, 2009 | 330 | 5 | 29 | 24 | ||||||||||||||||
Range Resources Corp. Call, $50.00, Jul, 2009 | 235 | 1 | 36 | 35 | ||||||||||||||||
$ | 32 | $ | 125 | $ | 93 | |||||||||||||||
* The number of contracts does not omit 000’s. |
The accompanying notes are an integral part of these financial statements.
74
Table of Contents
(T) | At June 30, 2009, the sum of securities valued at $2,414 and cash of $2,844 collateralized the maximum delivery obligation of open put options written as follows: |
Unrealized | ||||||||||||||||
Issuer/Exercise Price/ | Number of | Market | Premiums | Appreciation | ||||||||||||
Expiration Date | Contracts* | Value (W) | Received | (Depreciation) | ||||||||||||
Apple, Inc. Put, $120.00, Jul, 2009 | 75 | $ | 1 | $ | 14 | $ | 13 | |||||||||
FedEx, $45.00, Jul, 2009 | 199 | 2 | 13 | 11 | ||||||||||||
First Solar, $130.00, Jul, 2009 | 60 | 3 | 13 | 10 | ||||||||||||
Nabors Industries Ltd. Put, $15.00, Jul, 2009 | 592 | 30 | 35 | 5 | ||||||||||||
Xerox Corp., $6.00, Jul, 2009 | 1,535 | 11 | 22 | 11 | ||||||||||||
XTO Energy Corp., $35.00, Jul, 2009 | 252 | 13 | 15 | 2 | ||||||||||||
$ | 60 | $ | 112 | $ | 52 | |||||||||||
* The number of contracts does not omit 000’s. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,017,069 | $ | 1,017,069 | $ | — | $ | — | ||||||||
Short-Term Investments | 1,518 | — | 1,518 | — | ||||||||||||
Total | 1,018,587 | 1,017,069 | 1,518 | — | ||||||||||||
Other Financial Instruments* | 145 | 145 | — | — | ||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments* | $ | — | $ | — | $ | — | $ | — | ||||||||
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
75
Table of Contents
Hartford Dividend and Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.8% | ||||||||||||
Automobiles & Components — 0.4% | ||||||||||||
588 | Honda Motor Co., Ltd. ADR | $ | 16,088 | |||||||||
Banks — 4.4% | ||||||||||||
334 | M&T Bank Corp. | 17,016 | ||||||||||
760 | PNC Financial Services Group, Inc. | 29,495 | ||||||||||
938 | SunTrust Banks, Inc. | 15,437 | ||||||||||
1,240 | US Bancorp | 22,224 | ||||||||||
1,554 | Washington Mutual, Inc. Private Placement (H)(A) | 141 | ||||||||||
4,331 | Wells Fargo & Co. | 105,068 | ||||||||||
189,381 | ||||||||||||
Capital Goods — 8.6% | ||||||||||||
284 | Boeing Co. | 12,053 | ||||||||||
415 | Caterpillar, Inc. | 13,718 | ||||||||||
1,439 | Deere & Co. | 57,504 | ||||||||||
534 | Eaton Corp. | 23,831 | ||||||||||
1,260 | General Electric Co. | 14,765 | ||||||||||
1,073 | Honeywell International, Inc. | 33,695 | ||||||||||
875 | Illinois Tool Works, Inc. | 32,669 | ||||||||||
679 | Lockheed Martin Corp. | 54,794 | ||||||||||
840 | Parker-Hannifin Corp. | 36,073 | ||||||||||
1,220 | Pentair, Inc. | 31,244 | ||||||||||
509 | Raytheon Co. | 22,615 | ||||||||||
620 | Siemens AG ADR | 42,884 | ||||||||||
375,845 | ||||||||||||
Commercial & Professional Services — 1.6% | ||||||||||||
1,264 | Pitney Bowes, Inc. | 27,713 | ||||||||||
1,509 | Waste Management, Inc. | 42,499 | ||||||||||
70,212 | ||||||||||||
Diversified Financials — 6.3% | ||||||||||||
1,245 | Ameriprise Financial, Inc. | 30,209 | ||||||||||
3,653 | Bank of America Corp. | 48,216 | ||||||||||
161 | Goldman Sachs Group, Inc. | 23,708 | ||||||||||
2,283 | JP Morgan Chase & Co. | 77,859 | ||||||||||
923 | Morgan Stanley | 26,309 | ||||||||||
908 | State Street Corp. | 42,858 | ||||||||||
2,055 | UBS AG ADR | 25,089 | ||||||||||
274,248 | ||||||||||||
Energy — 17.1% | ||||||||||||
1,871 | Anadarko Petroleum Corp. | 84,925 | ||||||||||
1,048 | BP plc ADR | 49,945 | ||||||||||
2,180 | Chevron Corp. | 144,399 | ||||||||||
755 | ConocoPhillips Holding Co. | 31,734 | ||||||||||
1,286 | EnCana Corp. ADR | 63,632 | ||||||||||
1,463 | Exxon Mobil Corp. | 102,311 | ||||||||||
2,026 | Marathon Oil Corp. | 61,037 | ||||||||||
716 | Schlumberger Ltd. | 38,759 | ||||||||||
1,859 | Total S.A. ADR | 100,835 | ||||||||||
1,593 | XTO Energy, Inc. | 60,766 | ||||||||||
738,343 | ||||||||||||
Food & Staples Retailing — 1.8% | ||||||||||||
792 | Walgreen Co. | 23,297 | ||||||||||
1,141 | Wal-Mart Stores, Inc. | 55,255 | ||||||||||
78,552 | ||||||||||||
Food, Beverage & Tobacco — 5.0% | ||||||||||||
1,524 | Nestle S.A. ADR | 57,318 | ||||||||||
1,038 | PepsiCo, Inc. | 57,054 | ||||||||||
1,362 | Philip Morris International, Inc. | 59,410 | ||||||||||
1,150 | SABMiller plc ADR | 23,437 | ||||||||||
652 | Unilever N.V. | 15,765 | ||||||||||
212,984 | ||||||||||||
Health Care Equipment & Services — 3.6% | ||||||||||||
803 | Covidien plc | 30,053 | ||||||||||
485 | McKesson Corp. | 21,331 | ||||||||||
1,818 | Medtronic, Inc. | 63,444 | ||||||||||
1,536 | UnitedHealth Group, Inc. | 38,367 | ||||||||||
153,195 | ||||||||||||
Household & Personal Products — 2.3% | ||||||||||||
731 | Kimberly-Clark Corp. | 38,311 | ||||||||||
1,154 | Procter & Gamble Co. | 58,980 | ||||||||||
97,291 | ||||||||||||
Insurance — 5.1% | ||||||||||||
1,261 | ACE Ltd. | 55,787 | ||||||||||
1,058 | Aflac, Inc. | 32,890 | ||||||||||
998 | Marsh & McLennan Cos., Inc. | 20,086 | ||||||||||
1,942 | Metlife, Inc. | 58,282 | ||||||||||
478 | Principal Financial Group, Inc. | 9,011 | ||||||||||
339 | Prudential Financial, Inc. | 12,610 | ||||||||||
792 | Travelers Cos., Inc. | 32,496 | ||||||||||
221,162 | ||||||||||||
Materials — 3.6% | ||||||||||||
877 | Agrium U.S., Inc. | 34,991 | ||||||||||
180 | Air Products and Chemicals, Inc. | 11,646 | ||||||||||
944 | Barrick Gold Corp. | 31,661 | ||||||||||
605 | BHP Billiton Ltd. ADR | 33,101 | ||||||||||
2,807 | International Paper Co. | 42,467 | ||||||||||
153,866 | ||||||||||||
Media — 2.5% | ||||||||||||
1,188 | Comcast Corp. Class A | 17,211 | ||||||||||
828 | Comcast Corp. Special Class A | 11,672 | ||||||||||
583 | McGraw-Hill Cos., Inc. | 17,566 | ||||||||||
1,345 | Time Warner, Inc. | 33,887 | ||||||||||
1,135 | Walt Disney Co. | 26,470 | ||||||||||
106,806 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 12.2% | ||||||||||||
664 | Abbott Laboratories | 31,244 | ||||||||||
1,284 | AstraZeneca plc ADR | 56,663 | ||||||||||
2,381 | Bristol-Myers Squibb Co. | 48,350 | ||||||||||
2,569 | Eli Lilly & Co. | 88,997 | ||||||||||
306 | Johnson & Johnson | 17,392 | ||||||||||
2,275 | Merck & Co., Inc. | 63,595 | ||||||||||
3,472 | Pfizer, Inc. | 52,083 | ||||||||||
3,470 | Schering-Plough Corp. | 87,171 | ||||||||||
481 | Teva Pharmaceutical Industries Ltd. ADR | 23,738 | ||||||||||
1,230 | Wyeth | 55,807 | ||||||||||
525,040 | ||||||||||||
Retailing — 2.1% | ||||||||||||
1,225 | Gap, Inc. | 20,092 | ||||||||||
1,420 | Limited Brands, Inc. | 16,992 | ||||||||||
2,570 | Staples, Inc. | 51,829 | ||||||||||
88,913 | ||||||||||||
Semiconductors & Semiconductor Equipment — 0.8% | ||||||||||||
1,611 | Texas Instruments, Inc. | 34,304 | ||||||||||
The accompanying notes are an integral part of these financial statements.
76
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — 3.4% | ||||||||||||
1,576 | Accenture Ltd. Class A | $ | 52,746 | |||||||||
1,034 | Automatic Data Processing, Inc. | 36,645 | ||||||||||
2,426 | Microsoft Corp. | 57,666 | ||||||||||
147,057 | ||||||||||||
Technology Hardware & Equipment — 5.7% | ||||||||||||
2,102 | Corning, Inc. | 33,756 | ||||||||||
1,441 | Hewlett-Packard Co. | 55,691 | ||||||||||
1,162 | IBM Corp. | 121,357 | ||||||||||
5,330 | Xerox Corp. | 34,538 | ||||||||||
245,342 | ||||||||||||
Telecommunication Services — 5.1% | ||||||||||||
6,946 | AT&T, Inc. | 172,550 | ||||||||||
1,521 | Verizon Communications, Inc. | 46,754 | ||||||||||
219,304 | ||||||||||||
Transportation — 1.4% | ||||||||||||
657 | FedEx Corp. | 36,520 | ||||||||||
455 | United Parcel Service, Inc. Class B | 22,731 | ||||||||||
59,251 | ||||||||||||
Utilities — 5.8% | ||||||||||||
2,037 | Dominion Resources, Inc. | 68,066 | ||||||||||
1,171 | Exelon Corp. | 59,943 | ||||||||||
1,112 | FPL Group, Inc. | 63,234 | ||||||||||
1,304 | PG&E Corp. | 50,133 | ||||||||||
429 | Veolia Environment ADR | 12,679 | ||||||||||
254,055 | ||||||||||||
Total common stocks (cost $4,479,310) | $ | 4,261,239 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
194 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $4,479,310) | $ | 4,261,239 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.2% | ||||||||||||
Repurchase Agreements — 1.2% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,269, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $3,334) | ||||||||||||
$ | 3,269 | 0.09%, 6/30/2009 | $ | 3,269 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30,099, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $30,701) | ||||||||||||
30,099 | 0.05%, 6/30/2009 | 30,099 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $7,569, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $7,720) | ||||||||||||
7,569 | 0.09%, 6/30/2009 | 7,569 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $11,339, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $11,565) | ||||||||||||
11,338 | 0.08%, 6/30/2009 | 11,338 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $10, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $10) | ||||||||||||
10 | 0.03%, 6/30/2009 | 10 | ||||||||||
52,285 | ||||||||||||
Total short-term investments (cost $52,285) | $ | 52,285 | ||||||||||
Total investments (cost $4,531,595) (C) | 100.0 | % | $ | 4,313,524 | ||||||||
Other assets and liabilities | — | % | 909 | |||||||||
Total net assets | 100.0 | % | $ | 4,314,433 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.8% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,551,780 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 355,980 | ||
Unrealized Depreciation | (594,236 | ) | ||
Net Unrealized Depreciation | $ | (238,256 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $141, which represents 0.00% of total net assets. | |
(D) | Currently non-income producing. |
The accompanying notes are an integral part of these financial statements.
77
Table of Contents
Hartford Dividend and Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
04/2008 | 1,554 | Washington Mutual, Inc. Private Placement | $ | 13,600 | ||||||
04/2008 | 194 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $141 which represents 0.00% of total net assets. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 4,261,239 | $ | 4,261,098 | $ | — | $ | 141 | ||||||||
Short-Term Investments | 52,285 | — | 52,285 | — | ||||||||||||
Total | $ | 4,313,524 | $ | 4,261,098 | $ | 52,285 | $ | 141 | ||||||||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value: |
Balance as of | Change in | Balance as of | ||||||||||
December 31, | Unrealized | June 30, | ||||||||||
2008 | Appreciation | 2009 | ||||||||||
Assets: | ||||||||||||
Common Stock | $ | 30 | $ | 111 | * | $ | 141 | |||||
Total | $ | 30 | $ | 111 | $ | 141 | ||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $111. |
The accompanying notes are an integral part of these financial statements.
78
Table of Contents
Hartford Equity Income HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 99.4% | ||||||||||||
Banks — 6.4% | ||||||||||||
68 | Bank of Nova Scotia | $ | 2,531 | |||||||||
104 | PNC Financial Services Group, Inc. | 4,028 | ||||||||||
60 | Toronto-Dominion Bank ADR | 3,082 | ||||||||||
283 | Wells Fargo & Co. | 6,856 | ||||||||||
16,497 | ||||||||||||
Capital Goods — 7.6% | ||||||||||||
67 | 3M Co. | 4,045 | ||||||||||
26 | Boeing Co. | 1,101 | ||||||||||
27 | Caterpillar, Inc. | 879 | ||||||||||
57 | Eaton Corp. | 2,560 | ||||||||||
301 | General Electric Co. | 3,522 | ||||||||||
78 | Illinois Tool Works, Inc. | 2,924 | ||||||||||
96 | PACCAR, Inc. | 3,124 | ||||||||||
17 | Schneider Electric S.A. | 1,310 | ||||||||||
19,465 | ||||||||||||
Commercial & Professional Services — 3.2% | ||||||||||||
146 | Republic Services, Inc. | 3,559 | ||||||||||
166 | Waste Management, Inc. | 4,661 | ||||||||||
8,220 | ||||||||||||
Consumer Durables & Apparel — 2.5% | ||||||||||||
28 | Fortune Brands, Inc. | 969 | ||||||||||
63 | Mattel, Inc. | 1,014 | ||||||||||
73 | Stanley Works | 2,481 | ||||||||||
36 | V.F. Corp. | 1,982 | ||||||||||
6,446 | ||||||||||||
Diversified Financials — 8.2% | ||||||||||||
217 | Bank of America Corp. | 2,858 | ||||||||||
111 | Bank of New York Mellon Corp. | 3,257 | ||||||||||
37 | Goldman Sachs Group, Inc. | 5,396 | ||||||||||
274 | JP Morgan Chase & Co. | 9,349 | ||||||||||
20,860 | ||||||||||||
Energy — 15.9% | ||||||||||||
106 | BP plc ADR | 5,049 | ||||||||||
155 | Chevron Corp. | 10,249 | ||||||||||
55 | ConocoPhillips Holding Co. | 2,310 | ||||||||||
136 | Exxon Mobil Corp. | 9,478 | ||||||||||
102 | Marathon Oil Corp. | 3,070 | ||||||||||
78 | Occidental Petroleum Corp. | 5,160 | ||||||||||
38 | Royal Dutch Shell plc ADR | 1,930 | ||||||||||
64 | Total S.A. ADR | 3,476 | ||||||||||
40,722 | ||||||||||||
Food & Staples Retailing — 0.8% | ||||||||||||
96 | Sysco Corp. | 2,154 | ||||||||||
Food, Beverage & Tobacco — 8.7% | ||||||||||||
216 | Altria Group, Inc. | 3,542 | ||||||||||
47 | General Mills, Inc. | 2,644 | ||||||||||
23 | Lorillard, Inc. | 1,538 | ||||||||||
135 | Nestle S.A. ADR | 5,073 | ||||||||||
57 | PepsiCo, Inc. | 3,149 | ||||||||||
103 | Philip Morris International, Inc. | 4,486 | ||||||||||
78 | Unilever N.V. NY Shares ADR | 1,886 | ||||||||||
22,318 | ||||||||||||
Household & Personal Products — 1.9% | ||||||||||||
91 | Kimberly-Clark Corp. | 4,746 | ||||||||||
Insurance — 6.5% | ||||||||||||
121 | ACE Ltd. | 5,356 | ||||||||||
73 | Aflac, Inc. | 2,266 | ||||||||||
90 | Allstate Corp. | 2,184 | ||||||||||
111 | Chubb Corp. | 4,410 | ||||||||||
154 | Unum Group | 2,438 | ||||||||||
16,654 | ||||||||||||
Materials — 2.9% | ||||||||||||
38 | Air Products and Chemicals, Inc. | 2,480 | ||||||||||
108 | E.I. DuPont de Nemours & Co. | 2,767 | ||||||||||
50 | PPG Industries, Inc. | 2,200 | ||||||||||
7,447 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 10.6% | ||||||||||||
27 | Abbott Laboratories | 1,284 | ||||||||||
63 | GlaxoSmithKline plc ADR | 2,216 | ||||||||||
133 | Johnson & Johnson | 7,566 | ||||||||||
254 | Merck & Co., Inc. | 7,099 | ||||||||||
463 | Pfizer, Inc. | 6,948 | ||||||||||
45 | Wyeth | 2,039 | ||||||||||
27,152 | ||||||||||||
Real Estate — 0.4% | ||||||||||||
29 | Regency Centers Corp. | 1,026 | ||||||||||
Retailing — 6.0% | ||||||||||||
153 | Genuine Parts Co. | 5,125 | ||||||||||
266 | Home Depot, Inc. | 6,274 | ||||||||||
72 | Sherwin-Williams Co. | 3,854 | ||||||||||
15,253 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.7% | ||||||||||||
246 | Intel Corp. | 4,073 | ||||||||||
135 | Texas Instruments, Inc. | 2,871 | ||||||||||
6,944 | ||||||||||||
Software & Services — 3.5% | ||||||||||||
376 | Microsoft Corp. | 8,938 | ||||||||||
Telecommunication Services — 4.2% | ||||||||||||
296 | AT&T, Inc. | 7,363 | ||||||||||
107 | Verizon Communications, Inc. | 3,296 | ||||||||||
10,659 | ||||||||||||
Utilities — 7.4% | ||||||||||||
93 | American Electric Power Co., Inc. | 2,690 | ||||||||||
120 | Dominion Resources, Inc. | 4,023 | ||||||||||
43 | Edison International | 1,362 | ||||||||||
28 | Entergy Corp. | 2,178 | ||||||||||
48 | Exelon Corp. | 2,474 | ||||||||||
107 | FPL Group, Inc. | 6,086 | ||||||||||
18,813 | ||||||||||||
Total common stocks (cost $290,655) | $ | 254,314 | ||||||||||
Total long-term investments (cost $290,655) | $ | 254,314 | ||||||||||
The accompanying notes are an integral part of these financial statements.
79
Table of Contents
Hartford Equity Income HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||||||
Repurchase Agreements — 1.0% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $160, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $163) | ||||||||||||
$ | 160 | 0.09%, 6/30/2009 | $ | 160 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,473, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $1,503) | ||||||||||||
1,473 | 0.05%, 6/30/2009 | 1,473 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $370, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $378) | ||||||||||||
370 | 0.09%, 6/30/2009 | 370 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $555, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $566) | ||||||||||||
555 | 0.08%, 6/30/2009 | 555 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
2,559 | ||||||||||||
Total short-term investments (cost $2,559) | $ | 2,559 | ||||||||||
Total investments (cost $293,214) (C) | 100.4 | % | $ | 256,873 | ||||||||
Other assets and liabilities | (0.4 | )% | (1,053 | ) | ||||||||
Total net assets | 100.0 | % | $ | 255,820 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 10.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $295,381 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 10,254 | ||
Unrealized Depreciation | (48,762 | ) | ||
Net Unrealized Depreciation | $ | (38,508 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 254,314 | $ | 253,004 | $ | 1,310 | $ | — | ||||||||
Short-Term Investments | 2,559 | — | 2,559 | — | ||||||||||||
Total | $ | 256,873 | $ | 253,004 | $ | 3,869 | $ | — | ||||||||
The accompanying notes are an integral part of these financial statements.
80
Table of Contents
Hartford Fundamental Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 99.1% | ||||||||||||
Capital Goods — 9.3% | ||||||||||||
27 | Deere & Co. | $ | 1,059 | |||||||||
18 | Flowserve Corp. | 1,264 | ||||||||||
11 | Fluor Corp. | 574 | ||||||||||
38 | Honeywell International, Inc. | 1,196 | ||||||||||
14 | Ingersoll-Rand Co. Class A | 286 | ||||||||||
15 | Precision Castparts Corp. | 1,103 | ||||||||||
5,482 | ||||||||||||
Consumer Durables & Apparel — 3.6% | ||||||||||||
33 | Coach, Inc. | 895 | ||||||||||
61 | D.R. Horton, Inc. | 575 | ||||||||||
12 | NIKE, Inc. Class B | 616 | ||||||||||
2,086 | ||||||||||||
Consumer Services — 1.3% | ||||||||||||
13 | McDonald’s Corp. | 753 | ||||||||||
Diversified Financials — 2.5% | ||||||||||||
29 | Ameriprise Financial, Inc. | 692 | ||||||||||
26 | Bank of America Corp. | 346 | ||||||||||
3 | Goldman Sachs Group, Inc. | 413 | ||||||||||
1,451 | ||||||||||||
Energy — 8.9% | ||||||||||||
17 | Apache Corp. | 1,248 | ||||||||||
42 | Atwood Oceanics, Inc. (D) | 1,056 | ||||||||||
12 | Hess Corp. | 645 | ||||||||||
15 | Marathon Oil Corp. | 455 | ||||||||||
24 | Noble Corp. | 711 | ||||||||||
17 | Petroleo Brasileiro S.A. ADR | 689 | ||||||||||
11 | Ultra Petroleum Corp. (D) | 433 | ||||||||||
5,237 | ||||||||||||
Food & Staples Retailing — 4.0% | ||||||||||||
48 | CVS/Caremark Corp. | 1,517 | ||||||||||
18 | Wal-Mart Stores, Inc. | 853 | ||||||||||
2,370 | ||||||||||||
Food, Beverage & Tobacco — 1.7% | ||||||||||||
18 | PepsiCo, Inc. | 1,000 | ||||||||||
Health Care Equipment & Services — 5.4% | ||||||||||||
16 | Covidien plc | 580 | ||||||||||
26 | Medtronic, Inc. | 921 | ||||||||||
36 | UnitedHealth Group, Inc. | 902 | ||||||||||
16 | Wellpoint, Inc. (D) | 829 | ||||||||||
3,232 | ||||||||||||
Household & Personal Products — 1.5% | ||||||||||||
18 | Procter & Gamble Co. | 915 | ||||||||||
Insurance — 3.6% | ||||||||||||
�� | 33 | Aflac, Inc. | 1,035 | |||||||||
90 | Assured Guaranty Ltd. | 1,114 | ||||||||||
2,149 | ||||||||||||
Materials — 0.5% | ||||||||||||
6 | Freeport-McMoRan Copper & Gold, Inc. | 311 | ||||||||||
Media — 0.9% | ||||||||||||
22 | Walt Disney Co. | 506 | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 8.9% | ||||||||||||
12 | Abbott Laboratories | 574 | ||||||||||
10 | Amgen, Inc. (D) | 529 | ||||||||||
30 | AstraZeneca plc ADR | 1,306 | ||||||||||
23 | Celgene Corp. (D) | 1,100 | ||||||||||
11 | Cephalon, Inc. (D) | 635 | ||||||||||
9 | Genzyme Corp. (D) | 518 | ||||||||||
12 | Teva Pharmaceutical Industries Ltd. ADR | 597 | ||||||||||
5,259 | ||||||||||||
Retailing — 6.5% | ||||||||||||
19 | Best Buy Co., Inc. | 626 | ||||||||||
18 | Kohl’s Corp. (D) | 765 | ||||||||||
43 | Lowe’s Co., Inc. | 841 | ||||||||||
45 | Nordstrom, Inc. | 891 | ||||||||||
36 | Staples, Inc. | 732 | ||||||||||
3,855 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.7% | ||||||||||||
59 | Intel Corp. | 983 | ||||||||||
123 | Micron Technology, Inc. (D) | 621 | ||||||||||
29 | Texas Instruments, Inc. | 611 | ||||||||||
2,215 | ||||||||||||
Software & Services — 16.7% | ||||||||||||
30 | Accenture Ltd. Class A | 1,001 | ||||||||||
31 | Alliance Data Systems Corp. (D) | 1,293 | ||||||||||
3 | Google, Inc. (D) | 1,244 | ||||||||||
97 | Microsoft Corp. | 2,303 | ||||||||||
79 | Oracle Corp. | 1,686 | ||||||||||
31 | VeriSign, Inc. (D) | 563 | ||||||||||
12 | Visa, Inc. | 716 | ||||||||||
65 | Western Union Co. | 1,063 | ||||||||||
9,869 | ||||||||||||
Technology Hardware & Equipment — 18.6% | ||||||||||||
11 | Apple, Inc. (D) | 1,510 | ||||||||||
92 | Cisco Systems, Inc. (D) | 1,717 | ||||||||||
80 | Corning, Inc. | 1,285 | ||||||||||
63 | EMC Corp. (D) | 822 | ||||||||||
61 | Hewlett-Packard Co. | 2,338 | ||||||||||
16 | IBM Corp. | 1,650 | ||||||||||
26 | NetApp, Inc. (D) | 507 | ||||||||||
27 | Qualcomm, Inc. | 1,202 | ||||||||||
11,031 | ||||||||||||
Transportation — 1.5% | ||||||||||||
24 | Norfolk Southern Corp. | 919 | ||||||||||
Total common stocks (cost $60,838) | $ | 58,640 | ||||||||||
Total long-term investments (cost $60,838) | $ | 58,640 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 0.7% | ||||||||||||
Repurchase Agreements — 0.7% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $25, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $26) | ||||||||||||
$ | 25 | 0.09%, 6/30/2009 | 25 |
The accompanying notes are an integral part of these financial statements.
81
Table of Contents
Hartford Fundamental Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $234, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $238) | ||||||||||||
$ | 234 | 0.05%, 6/30/2009 | $ | 234 | ||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $59, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $60) | ||||||||||||
59 | 0.09%, 6/30/2009 | 59 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $88, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $90) | ||||||||||||
88 | 0.08%, 6/30/2009 | 88 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—) | ||||||||||||
— | 0.03%, 6/30/2009 | — | ||||||||||
406 | ||||||||||||
Total short-term investments (cost $406) | $ | 406 | ||||||||||
Total investments (cost $61,244) (C) | 99.8 | % | $ | 59,046 | ||||||||
Other assets and liabilities | 0.2 | % | 142 | |||||||||
Total net assets | 100.0 | % | $ | 59,188 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 4.3% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $63,477 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 3,481 | ||
Unrealized Depreciation | (7,912 | ) | ||
Net Unrealized Depreciation | $ | (4,431 | ) | |
(D) | Currently non-income producing. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 58,640 | $ | 58,640 | $ | — | $ | — | ||||||||
Short-Term Investments | 406 | — | 406 | — | ||||||||||||
Total | $ | 59,046 | $ | 58,640 | $ | 406 | $ | — | ||||||||
The accompanying notes are an integral part of these financial statements.
82
Table of Contents
Hartford Global Advisers HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 63.8% | ||||||||||||
Automobiles & Components — 1.4% | ||||||||||||
41 | Daimler AG | $ | 1,501 | |||||||||
240 | Nissan Motor Co., Ltd | 1,455 | ||||||||||
2,956 | ||||||||||||
Banks — 2.4% | ||||||||||||
130 | Banco Santander Central Hispano S.A | 1,570 | ||||||||||
179 | BOC Hong Kong Holdings Ltd | 311 | ||||||||||
102 | Itau Unibanco Banco Multiplo S.A. ADR | 1,607 | ||||||||||
90 | Standard Chartered plc | 1,686 | ||||||||||
5,174 | ||||||||||||
Capital Goods — 7.9% | ||||||||||||
23 | Danaher Corp | 1,445 | ||||||||||
34 | Deere & Co | 1,366 | ||||||||||
44 | Illinois Tool Works, Inc | 1,654 | ||||||||||
28 | Lockheed Martin Corp | 2,282 | ||||||||||
32 | Parker-Hannifin Corp | 1,370 | ||||||||||
17 | Precision Castparts Corp | 1,220 | ||||||||||
30 | Siemens AG | 2,094 | ||||||||||
14 | Smc Corp | 1,493 | ||||||||||
77 | Sunpower Corp. (D) | 2,061 | ||||||||||
27 | Vestas Wind Systems A/S (D) | 1,965 | ||||||||||
16,950 | ||||||||||||
Consumer Services — 0.6% | ||||||||||||
198 | MGM Mirage, Inc. (D) | 1,263 | ||||||||||
Diversified Financials — 3.5% | ||||||||||||
208 | Bank of America Corp | 2,750 | ||||||||||
10 | Goldman Sachs Group, Inc | 1,504 | ||||||||||
47 | JP Morgan Chase & Co | 1,596 | ||||||||||
43 | Julius Baer Holding Ltd | 1,670 | ||||||||||
7,520 | ||||||||||||
Energy — 6.2% | ||||||||||||
102 | BG Group plc | 1,711 | ||||||||||
37 | Canadian Natural Resources Ltd | 1,931 | ||||||||||
20 | EOG Resources, Inc | 1,365 | ||||||||||
33 | Hess Corp | 1,752 | ||||||||||
47 | National Oilwell Varco, Inc. (D) | 1,538 | ||||||||||
44 | Petroleo Brasileiro S.A. ADR | 1,811 | ||||||||||
46 | Schlumberger Ltd | 2,511 | ||||||||||
47 | Seadrill Ltd | 673 | ||||||||||
13,292 | ||||||||||||
Food & Staples Retailing — 1.7% | ||||||||||||
145 | Koninklijke Ahold N.V | 1,673 | ||||||||||
42 | Metro AG | 2,025 | ||||||||||
3,698 | ||||||||||||
Food, Beverage & Tobacco — 2.8% | ||||||||||||
83 | British American Tobacco plc | 2,304 | ||||||||||
15 | Carlsberg A/S Class B | 942 | ||||||||||
72 | Nestle S.A | 2,702 | ||||||||||
5,948 | ||||||||||||
Health Care Equipment & Services — 2.8% | ||||||||||||
32 | Fresenius Medical Care AG & Co | 1,424 | ||||||||||
5 | Intuitive Surgical, Inc. (D) | 785 | ||||||||||
52 | St. Jude Medical, Inc. (D) | 2,125 | ||||||||||
67 | UnitedHealth Group, Inc | 1,666 | ||||||||||
6,000 | ||||||||||||
Household & Personal Products — 1.0% | ||||||||||||
49 | Reckitt Benckiser Group plc | 2,228 | ||||||||||
Insurance — 1.6% | ||||||||||||
10 | Muenchener Rueckversicherungs NPV | 1,405 | ||||||||||
147 | Ping An Insurance (Group) Co | 983 | ||||||||||
29 | Prudential Financial, Inc | 1,087 | ||||||||||
3,475 | ||||||||||||
Materials — 4.9% | ||||||||||||
55 | Barrick Gold Corp | 1,845 | ||||||||||
105 | BHP Billiton plc | 2,360 | ||||||||||
19 | Monsanto Co | 1,405 | ||||||||||
19 | Praxair, Inc | 1,350 | ||||||||||
29 | Shin-Etsu Chemical Co., Ltd | 1,350 | ||||||||||
194 | Xstrata plc | 2,109 | ||||||||||
10,419 | ||||||||||||
Media — 1.3% | ||||||||||||
104 | Comcast Corp. Class A | 1,510 | ||||||||||
182 | WPP plc | 1,211 | ||||||||||
2,721 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 6.2% | ||||||||||||
37 | Abbott Laboratories # | 1,717 | ||||||||||
27 | Allergan, Inc. # | 1,299 | ||||||||||
34 | Amgen, Inc. (D)# | 1,784 | ||||||||||
55 | CSL Ltd | 1,428 | ||||||||||
78 | Daiichi Sankyo Co., Ltd | 1,383 | ||||||||||
34 | Gilead Sciences, Inc. (D) | 1,583 | ||||||||||
14 | Roche Holding AG | 1,884 | ||||||||||
48 | Teva Pharmaceutical Industries Ltd. ADR | 2,363 | ||||||||||
13,441 | ||||||||||||
Retailing — 3.5% | ||||||||||||
41 | Best Buy Co., Inc | 1,386 | ||||||||||
91 | Gap, Inc | 1,484 | ||||||||||
23 | Industria de Diseno Textil S.A | 1,086 | ||||||||||
24 | Kohl’s Corp. (D) | 1,013 | ||||||||||
388 | Li & Fung Ltd | 1,036 | ||||||||||
77 | Lowe’s Co., Inc | 1,497 | ||||||||||
7,502 | ||||||||||||
Semiconductors & Semiconductor Equipment — 1.7% | ||||||||||||
78 | Altera Corp. # | 1,267 | ||||||||||
99 | NVIDIA Corp. (D) | 1,118 | ||||||||||
140 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,315 | ||||||||||
3,700 | ||||||||||||
Software & Services — 4.4% | ||||||||||||
5 | Google, Inc. (D) | 2,101 | ||||||||||
173 | Oracle Corp | 3,706 | ||||||||||
27 | Visa, Inc | 1,675 | ||||||||||
117 | Western Union Co | 1,919 | ||||||||||
9,401 | ||||||||||||
Technology Hardware & Equipment — 5.8% | ||||||||||||
16 | Apple, Inc. (D)# | 2,222 | ||||||||||
190 | Cisco Systems, Inc. (D) | 3,538 | ||||||||||
41 | Hewlett-Packard Co | 1,589 | ||||||||||
75 | NetApp, Inc. (D) | 1,475 | ||||||||||
48 | Qualcomm, Inc | 2,151 | ||||||||||
20 | Research In Motion Ltd. (D) | 1,414 | ||||||||||
12,389 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
83
Table of Contents
Hartford Global Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — 4.1% | ||||||||||||
60 | American Tower Corp. Class A (D)# | $ | 1,882 | |||||||||
209 | MetroPCS Communications, Inc. (D) | 2,777 | ||||||||||
89 | Softbank Corp | 1,738 | ||||||||||
101 | Telefonica S.A | 2,282 | ||||||||||
8,679 | ||||||||||||
Total common stocks (cost $134,547) | $ | 136,756 | ||||||||||
Principal | ||||||||||||
Amount (B) | ||||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 2.7% | ||||||||||||
Finance — 2.7% | ||||||||||||
Banc of America Commercial Mortgage, Inc. | ||||||||||||
$ | 660 | 5.35%, 09/10/2047 (L) | $ | 573 | ||||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||||||
206 | 4.62%, 10/25/2035 (L) | 163 | ||||||||||
Bear Stearns Commercial Mortgage Securities, Inc. | ||||||||||||
595 | 4.68%, 08/13/2039 | 548 | ||||||||||
450 | 5.61%, 11/15/2033 | 454 | ||||||||||
Collegiate Funding Services Education Loan Trust I | ||||||||||||
109 | 0.61%, 09/28/2017 (L) | 109 | ||||||||||
Commercial Mortgage Asset Trust | ||||||||||||
199 | 6.64%, 01/17/2032 | 200 | ||||||||||
Crusade Global Trust | ||||||||||||
104 | 0.67%, 06/17/2037 (L) | 91 | ||||||||||
70 | 0.80%, 09/18/2034 (L) | 66 | ||||||||||
30 | 1.27%, 01/16/2035 (L) | 29 | ||||||||||
41 | 1.31%, 01/17/2034 (L) | 39 | ||||||||||
CS First Boston Mortgage Securities Corp. | ||||||||||||
450 | 3.94%, 05/15/2038 | 406 | ||||||||||
European Loan Conduit | ||||||||||||
GBP | 55 | 1.69%, 11/01/2029 (I)(L) | 63 | |||||||||
Ford Credit Automotive Owner Trust | ||||||||||||
137 | 0.67%, 06/15/2010 (L) | 137 | ||||||||||
GE Commercial Loan Trust | ||||||||||||
5 | 1.17%, 07/19/2015 (I)(L) | 5 | ||||||||||
Goldman Sachs Mortgage Securities Corp. II | ||||||||||||
110 | 0.84%, 03/06/2020 (I)(L) | 72 | ||||||||||
Heller Financial Commercial Mortgage Asset | ||||||||||||
366 | 7.75%, 01/17/2034 | 367 | ||||||||||
Interstar Millennium Trust | ||||||||||||
256 | 1.34%, 07/07/2034 (L) | 233 | ||||||||||
Medallion Trust | ||||||||||||
158 | 0.70%, 02/27/2039 (L) | 139 | ||||||||||
155 | 0.80%, 12/21/2033 — 05/25/2035 (L) | 141 | ||||||||||
Morgan Stanley Capital I | ||||||||||||
375 | 5.23%, 09/15/2042 | 333 | ||||||||||
National RMBS Trust | ||||||||||||
206 | 0.72%, 03/20/2034 (L) | 190 | ||||||||||
New Century Home Equity Loan Trust | ||||||||||||
8 | 0.60%, 03/25/2035 (L) | 3 | ||||||||||
Nissan Automotive Receivables Owner Trust | ||||||||||||
346 | 5.03%, 05/16/2011 | 352 | ||||||||||
Nomura Asset Securities Corp. | ||||||||||||
6 | 6.59%, 03/15/2030 | 6 | ||||||||||
Prudential Commercial Mortgage Trust | ||||||||||||
570 | 4.49%, 02/11/2036 | $ | 538 | |||||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||||||
476 | 0.45%, 07/15/2042 (L) | 445 | ||||||||||
Westpac Securitisation Trust | ||||||||||||
159 | 0.68%, 03/23/2036 (L) | 143 | ||||||||||
5,845 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $6,204) | $ | 5,845 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 23.7% | ||||||||||||
Basic Materials — 0.4% | ||||||||||||
Anglo American Capital plc | ||||||||||||
$ | 125 | 9.38%, 04/08/2014 (I) | $ | 136 | ||||||||
Rio Tinto Finance USA Ltd. | ||||||||||||
180 | 9.00%, 05/01/2019 | 200 | ||||||||||
Rio Tinto Finance USA, Ltd. | ||||||||||||
280 | 8.95%, 05/01/2014 | 311 | ||||||||||
Yara International ASA | ||||||||||||
235 | 7.88%, 06/11/2019 (I) | 245 | ||||||||||
892 | ||||||||||||
Capital Goods — 0.1% | ||||||||||||
Hutchison Whampoa International Ltd. | ||||||||||||
215 | 7.63%, 04/09/2019 (I) | 239 | ||||||||||
Consumer Cyclical — 0.3% | ||||||||||||
DaimlerChrysler NA Holdings Corp. | ||||||||||||
485 | 4.88%, 06/15/2010 | 485 | ||||||||||
Home Depot, Inc. | ||||||||||||
310 | 0.75%, 12/16/2009 (L) | 309 | ||||||||||
794 | ||||||||||||
Consumer Staples — 1.0% | ||||||||||||
Anheuser-Busch Cos., Inc. | ||||||||||||
170 | 5.50%, 01/15/2018 | 164 | ||||||||||
Cia Brasileira de Bebidas | ||||||||||||
300 | 10.50%, 12/15/2011 | 345 | ||||||||||
Diageo Capital plc | ||||||||||||
430 | 5.20%, 01/30/2013 | 447 | ||||||||||
Kellogg Co. | ||||||||||||
430 | 4.25%, 03/06/2013 | 443 | ||||||||||
325 | 5.13%, 12/03/2012 | 347 | ||||||||||
Philip Morris International, Inc. | ||||||||||||
270 | 5.65%, 05/16/2018 | 283 | ||||||||||
2,029 | ||||||||||||
Energy — 0.4% | ||||||||||||
EnCana Corp. | ||||||||||||
305 | 5.90%, 12/01/2017 | 313 | ||||||||||
Gaz Capital S.A. | ||||||||||||
EUR | 120 | 5.88%, 06/01/2015 | 142 | |||||||||
Halliburton Co. | ||||||||||||
155 | 6.15%, 09/15/2019 | 168 | ||||||||||
Hess Corp. | ||||||||||||
140 | 8.13%, 02/15/2019 | 159 | ||||||||||
Marathon Oil Corp. | ||||||||||||
165 | 7.50%, 02/15/2019 | 180 | ||||||||||
962 | ||||||||||||
Finance — 7.8% | ||||||||||||
Allied World Assurance | ||||||||||||
260 | 7.50%, 08/01/2016 | 220 | ||||||||||
Aviva plc | ||||||||||||
400 | 0.95%, 06/19/2017 (L) | 228 |
The accompanying notes are an integral part of these financial statements.
84
Table of Contents
Principal | Market | |||||||||||
Amount (B) | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
BAE Systems Holdings, Inc. | ||||||||||||
$ | 145 | 4.95%, 06/01/2014 (I) | $ | 146 | ||||||||
110 | 6.38%, 06/01/2019 (I) | 113 | ||||||||||
Bank of America Corp. | ||||||||||||
EUR | 100 | 4.00%, 03/28/2018 (L) | 97 | |||||||||
335 | 7.38%, 05/15/2014 | 346 | ||||||||||
Capital One Financial Corp. | ||||||||||||
85 | 7.38%, 05/23/2014 | 88 | ||||||||||
COX Communications, Inc. | ||||||||||||
440 | 4.63%, 06/01/2013 | 433 | ||||||||||
Credit Suisse New York | ||||||||||||
150 | 5.00%, 05/15/2013 | 153 | ||||||||||
DBS Bank Ltd. | ||||||||||||
250 | 1.07%, 05/16/2017 (I)(L) | 219 | ||||||||||
Deutsche Boerse AG | ||||||||||||
EUR | 55 | 7.50%, 06/13/2038 | 69 | |||||||||
DNB Nor Bank ASA | ||||||||||||
EUR | 365 | 1.47%, 05/30/2017 (L) | 403 | |||||||||
Eaton Vance Corp. | ||||||||||||
125 | 6.50%, 10/02/2017 | 118 | ||||||||||
European Investment Bank | ||||||||||||
EUR | 795 | 3.63%, 10/15/2011 | 1,159 | |||||||||
AUD | 790 | 7.00%, 01/24/2012 | 667 | |||||||||
Federal Republic of Germany | ||||||||||||
EUR | 400 | 3.75%, 07/04/2013 | 591 | |||||||||
General Electric Capital Corp. | ||||||||||||
125 | 5.90%, 05/13/2014 | 127 | ||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
110 | 6.00%, 05/01/2014 | 115 | ||||||||||
300 | 6.15%, 04/01/2018 | 292 | ||||||||||
155 | 7.50%, 02/15/2019 | 166 | ||||||||||
Honda Canada Finance, Inc. | ||||||||||||
CAD | 275 | 5.68%, 09/26/2012 | 242 | |||||||||
HSBC Holdings plc | ||||||||||||
340 | 1.37%, 10/06/2016 (L) | 296 | ||||||||||
Institut Credito Oficial | ||||||||||||
AUD | 850 | 5.50%, 03/08/2011 | 689 | |||||||||
International Lease Finance Corp. | ||||||||||||
495 | 5.40%, 02/15/2012 | 386 | ||||||||||
JP Morgan Chase & Co. | ||||||||||||
180 | 6.30%, 04/23/2019 | 181 | ||||||||||
JP Morgan Chase Bank NA | ||||||||||||
555 | 6.00%, 10/01/2017 | 540 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||
1,470 | 3.25%, 02/15/2011 | 1,517 | ||||||||||
AUD | 1,650 | 7.50%, 08/26/2011 | 1,401 | |||||||||
Merrill Lynch & Co., Inc. | ||||||||||||
EUR | 175 | 4.63%, 09/14/2018 | 164 | |||||||||
Metlife Global Funding | ||||||||||||
GBP | 250 | 5.25%, 01/09/2014 | 383 | |||||||||
Mizuho Financial Group, Inc. | ||||||||||||
300 | 5.79%, 04/15/2014 (I) | 309 | ||||||||||
Morgan Stanley | ||||||||||||
200 | 6.63%, 04/01/2018 | 200 | ||||||||||
National Australia Bank Ltd. | ||||||||||||
EUR | 220 | 4.50%, 06/23/2016 (L) | 287 | |||||||||
New York Life Global Funding | ||||||||||||
EUR | 535 | 3.75%, 10/19/2009 | 736 | |||||||||
Nordea Bank Ab | ||||||||||||
150 | 0.83%, 06/09/2016 (L) | 119 | ||||||||||
Northern Trust Co. | ||||||||||||
GBP | 150 | 5.38%, 03/11/2015 | $ | 210 | ||||||||
PNC Funding Corp. | ||||||||||||
$ | 135 | 5.40%, 06/10/2014 | 137 | |||||||||
Principal Life Income Funding | ||||||||||||
160 | 1.04%, 11/15/2010 (L) | 152 | ||||||||||
Societe Financement de l’Economie Francaise | ||||||||||||
1,025 | 2.13%, 01/30/2012 (I) | 1,026 | ||||||||||
760 | 3.38%, 05/05/2014 (I) | 762 | ||||||||||
Southern Capital Corp. | ||||||||||||
85 | 5.70%, 06/30/2022 (I) | 42 | ||||||||||
Standard Chartered Bank | ||||||||||||
425 | 6.40%, 09/26/2017 (I) | 384 | ||||||||||
Svenska Handelsbanken Ab | ||||||||||||
EUR | 350 | 1.61%, 10/19/2017 (L) | 395 | |||||||||
Temasek Financial I Ltd. | ||||||||||||
320 | 4.50%, 09/21/2015 (I) | 327 | ||||||||||
16,635 | ||||||||||||
Foreign Governments — 10.1% | ||||||||||||
Australian Government | ||||||||||||
AUD | 660 | 6.00%, 02/15/2017 | 551 | |||||||||
Belgium Kingdom | ||||||||||||
EUR | 150 | 5.00%, 03/28/2035 | 223 | |||||||||
Bundesrepublic Deutschland | ||||||||||||
EUR | 525 | 5.25%, 01/04/2011 | 782 | |||||||||
Buoni Poliennali Del Tes | ||||||||||||
EUR | 615 | 6.00%, 05/01/2031 | 942 | |||||||||
Caisse D’Amort Dette Soc. | ||||||||||||
EUR | 1,850 | 4.50%, 09/04/2013 | 2,758 | |||||||||
Canadian Government | ||||||||||||
CAD | 240 | 3.75%, 06/01/2012 | 217 | |||||||||
CAD | 310 | 5.75%, 06/01/2033 | 339 | |||||||||
Denmark (Kingdom of) | ||||||||||||
DKK | 1,125 | 4.00%, 11/15/2015 | 219 | |||||||||
DKK | 225 | 4.50%, 11/15/2039 | 44 | |||||||||
Deutschland Bundesrepublic | ||||||||||||
EUR | 300 | 4.25%, 07/04/2018 | 452 | |||||||||
EUR | 150 | 4.75%, 07/04/2034 | 224 | |||||||||
Finnish Government | ||||||||||||
EUR | 75 | 4.38%, 07/04/2019 | 110 | |||||||||
Irish Government | ||||||||||||
EUR | 100 | 4.40%, 06/18/2019 | 127 | |||||||||
Italy (Republic of) | ||||||||||||
225 | 5.25%, 09/20/2016 | 232 | ||||||||||
Japanese Government | ||||||||||||
JPY | 161,000 | 0.50%, 01/15/2011 | 1,678 | |||||||||
JPY | 464,150 | 0.70%, 12/20/2013 | 4,829 | |||||||||
JPY | 222,700 | 1.30%, 12/20/2018 | 2,312 | |||||||||
JPY | 124,950 | 1.80%, 06/20/2017 | 1,366 | |||||||||
JPY | 151,450 | 2.10%, 12/20/2027 | 1,596 | |||||||||
Kommunalbanken AS | ||||||||||||
350 | 3.38%, 11/15/2011 | 359 | ||||||||||
Malaysian Government | ||||||||||||
MYR | 250 | 5.73%, 07/30/2019 | 79 | |||||||||
Mexican Bonds | ||||||||||||
MXP | 1,800 | 10.00%, 12/05/2024 | 155 | |||||||||
Netherlands Government | ||||||||||||
EUR | 100 | 4.00%, 01/15/2037 | 133 | |||||||||
Norwegian Government | ||||||||||||
NOK | 825 | 5.00%, 05/15/2015 | 138 | |||||||||
Poland Government | ||||||||||||
PLN | 580 | 6.25%, 10/24/2015 | 185 |
The accompanying notes are an integral part of these financial statements.
85
Table of Contents
Hartford Global Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount (B) | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Foreign Governments — (continued) | ||||||||||||
Singapore Government | ||||||||||||
SGD | 1,545 | 3.63%, 07/01/2014 | $ | 1,171 | ||||||||
South Africa (Republic of) | ||||||||||||
ZAR | 1,225 | 8.25%, 09/15/2017 | 153 | |||||||||
Swedish Government | ||||||||||||
SEK | 1,795 | 4.50%, 08/12/2015 | 252 | |||||||||
21,626 | ||||||||||||
Health Care — 0.6% | ||||||||||||
Amgen, Inc. | ||||||||||||
$ | 90 | 5.70%, 02/01/2019 | 95 | |||||||||
CVS Caremark Corp. | ||||||||||||
375 | 0.97%, 06/01/2010 (L) | 372 | ||||||||||
190 | 5.75%, 06/01/2017 | 191 | ||||||||||
Pfizer, Inc. | ||||||||||||
150 | 6.20%, 03/15/2019 | 164 | ||||||||||
Schering-Plough Corp. | ||||||||||||
EUR | 300 | 5.38%, 10/01/2014 | 441 | |||||||||
1,263 | ||||||||||||
Services — 0.4% | ||||||||||||
Comcast Corp. | ||||||||||||
800 | 1.44%, 07/14/2009 (L) | 800 | ||||||||||
Technology — 2.5% | ||||||||||||
Cingular Wireless Services, Inc. | ||||||||||||
475 | 7.88%, 03/01/2011 # | 512 | ||||||||||
Hewlett-Packard Co. | ||||||||||||
350 | 1.75%, 05/27/2011 (L) | 354 | ||||||||||
Koninklijke KPN N.V. | ||||||||||||
EUR | 65 | 6.25%, 02/04/2014 | 99 | |||||||||
OTE plc | ||||||||||||
EUR | 215 | 5.38%, 02/14/2011 | 312 | |||||||||
Siemens Finance | ||||||||||||
1,330 | 0.96%, 08/14/2009 (I)(L) | 1,329 | ||||||||||
Telemar Norte Leste S.A. | ||||||||||||
205 | 9.50%, 04/23/2019 (I) | 223 | ||||||||||
Time Warner Cable, Inc. | ||||||||||||
290 | 5.85%, 05/01/2017 | 289 | ||||||||||
125 | 7.50%, 04/01/2014 | 138 | ||||||||||
Verizon Communications, Inc. | ||||||||||||
240 | 4.35%, 02/15/2013 | 245 | ||||||||||
Verizon New England, Inc. | ||||||||||||
375 | 6.50%, 09/15/2011 | 399 | ||||||||||
Verizon Wireless | ||||||||||||
875 | 3.32%, 05/20/2011 (I)(L) | 901 | ||||||||||
395 | 5.55%, 02/01/2014 (I) | 419 | ||||||||||
5,220 | ||||||||||||
Utilities — 0.1% | ||||||||||||
NSTAR | ||||||||||||
300 | 8.00%, 02/15/2010 | 311 | ||||||||||
Total corporate bonds: investment grade (cost $50,866) | $ | 50,771 | ||||||||||
U.S. GOVERNMENT AGENCIES — 7.5% | ||||||||||||
Federal Home Loan Mortgage Corporation — 2.3% | ||||||||||||
$ | 1,538 | 0.67%, 11/15/2036 (L) | $ | 1,502 | ||||||||
253 | 4.02%, 04/01/2029 (L) | 257 | ||||||||||
530 | 5.50%, 08/01/2019 — 08/15/2039 (Q) | 551 | ||||||||||
2,500 | 6.00%, 08/15/2039 (Q) | 2,600 | ||||||||||
4,910 | ||||||||||||
Federal National Mortgage Association — 5.0% | ||||||||||||
330 | 0.71%, 06/25/2036 (L) | 320 | ||||||||||
525 | 2.75%, 02/05/2014 | 525 | ||||||||||
1,100 | 4.50%, 07/15/2022 — 08/15/2039 (Q) | 1,106 | ||||||||||
929 | 4.78%, 02/01/2014 (S)(L) | 971 | ||||||||||
1,479 | 4.97%, 12/01/2013 (S) | 1,560 | ||||||||||
2,039 | 5.00%, 02/01/2019 — 08/01/2038 | 2,093 | ||||||||||
2,906 | 5.50%, 04/01/2034 — 10/01/2036 | 3,007 | ||||||||||
672 | 6.50%, 11/01/2013 — 05/01/2036 | 717 | ||||||||||
4 | 7.00%, 02/01/2029 | 4 | ||||||||||
10,303 | ||||||||||||
Government National Mortgage Association — 0.2% | ||||||||||||
298 | 6.00%, 11/15/2028 — 06/15/2035 | 313 | ||||||||||
37 | 6.50%, 10/15/2028 | 40 | ||||||||||
309 | 7.50%, 09/16/2035 | 338 | ||||||||||
35 | 8.00%, 10/15/2029 — 12/15/2030 | 40 | ||||||||||
731 | ||||||||||||
Total U.S. government agencies (cost $15,508) | $ | 15,944 | ||||||||||
U.S. GOVERNMENT SECURITIES — 1.1% | ||||||||||||
U.S. Treasury Securities — 1.1% | ||||||||||||
U.S. Treasury Bonds — 0.9% | ||||||||||||
$ | 1,725 | 4.50%, 05/15/2038 | $ | 1,781 | ||||||||
100 | 5.38%, 02/15/2031 | 114 | ||||||||||
1,895 | ||||||||||||
U.S. Treasury Notes — 0.2% | ||||||||||||
75 | 0.88%, 03/31/2011 | 75 | ||||||||||
75 | 3.13%, 04/30/2013 | 78 | ||||||||||
10 | 3.13%, 08/31/2013 | 10 | ||||||||||
95 | 3.75%, 11/15/2018 | 97 | ||||||||||
265 | 3.88%, 05/15/2018 | 273 | ||||||||||
533 | ||||||||||||
2,428 | ||||||||||||
Total U.S. government securities (cost $2,405) | $ | 2,428 | ||||||||||
Total long-term investments (cost $209,530) | $ | 211,744 | ||||||||||
SHORT-TERM INVESTMENTS — 2.9% | ||||||||||||
Repurchase Agreements — 2.9% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $385, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $393) | ||||||||||||
$ | 385 | 0.09%, 6/30/2009 | $ | 385 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,546, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,617) | ||||||||||||
3,546 | 0.05%, 6/30/2009 | 3,546 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $892, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $910) | ||||||||||||
892 | 0.09%, 6/30/2009 | 892 |
The accompanying notes are an integral part of these financial statements.
86
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,336, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,363) | ||||||||||||
$ | 1,336 | 0.08%, 6/30/2009 | $ | 1,336 | ||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
6,160 | ||||||||||||
Total short-term investments (cost $6,160) | $ | 6,160 | ||||||||||
Total investments (cost $215,690) (C) | 101.7 | % | $ | 217,904 | ||||||||
Other assets and liabilities | (1.7 | )% | (3,640 | ) | ||||||||
Total net assets | 100.0 | % | $ | 214,264 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 46.0% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $218,381 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 12,963 | ||
Unrealized Depreciation | (13,440 | ) | ||
Net Unrealized Depreciation | $ | (477 | ) | |
(D) | Currently non-income producing. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $6,960, which represents 3.25% of total net assets. | |
(Q) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $4,008. | |
(B) | All principal amounts are in U.S. dollars unless otherwise indicated. |
AUD | — Australian Dollar | MYR | — Malaysian Ringgit | |||
CAD | — Canadian Dollar | NOK | — Norwegian Krone | |||
DKK | — Denmark Krone | PLN | — Polish New Zloty | |||
EUR | — EURO | SEK | — Swedish Krona | |||
GBP | — British Pound | SGD | — Singapore Dollar | |||
JPY | — Japanese Yen | ZAR | — South African Rand | |||
MXP | — Mexican Peso |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
2 Year U.S. Treasury Note | 2 | Short | Sep 2009 | $ | — | |||||||||||
5 Year U.S. Treasury Note | 46 | Short | Sep 2009 | (27 | ) | |||||||||||
10 Year U.S. Treasury Note | 9 | Short | Sep 2009 | 2 | ||||||||||||
90 Day Euro | 12 | Short | Sep 2009 | (7 | ) | |||||||||||
3 Month Euro-Euribor | 2 | Short | Sep 2009 | – | ||||||||||||
AUST 10 Year Bond | 8 | Long | Sep 2009 | 2 | ||||||||||||
AUST 3 Year Bond | 37 | Short | Sep 2009 | 12 | ||||||||||||
Canadian 10 Year Bond | 1 | Long | Sep 2009 | – | ||||||||||||
DJ Euro STOXX 50 | 73 | Short | Sep 2009 | 49 | ||||||||||||
Euro Bond | 34 | Long | Sep 2009 | 86 | ||||||||||||
Euro Bond | 45 | Long | Sep 2009 | 70 | ||||||||||||
Euro BUXL 30 Year Bond | 6 | Long | Sep 2009 | 16 | ||||||||||||
Euro-Schatz | 22 | Long | Sep 2009 | 10 | ||||||||||||
FTSE 100 IDX | 28 | Short | Sep 2009 | 48 | ||||||||||||
Japan 10Y Bond | 1 | Long | Sep 2009 | 23 | ||||||||||||
Long Gilt | 12 | Long | Sep 2009 | 36 | ||||||||||||
S&P 500 Mini | 155 | Short | Sep 2009 | 155 | ||||||||||||
S&P/TSE 60 Index | 8 | Short | Sep 2009 | 24 | ||||||||||||
Topix Index | 20 | Short | Sep 2009 | 20 | ||||||||||||
U.S. Long Bond | 12 | Long | Sep 2009 | 21 | ||||||||||||
$ | 540 | |||||||||||||||
* The number of contracts does not omit 000’s. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Sell) | $ | 174 | $ | 174 | 07/01/09 | $ | — | |||||||||
Australian Dollar (Buy) | 472 | 470 | 09/16/09 | 2 | ||||||||||||
Australian Dollar (Sell) | 72 | 73 | 09/16/09 | 1 | ||||||||||||
Australian Dollar (Buy) | 44 | 44 | 09/16/09 | — | ||||||||||||
Australian Dollar (Sell) | 3,993 | 3,957 | 09/16/09 | (36 | ) | |||||||||||
British Pound (Buy) | 706 | 708 | 07/01/09 | (2 | ) | |||||||||||
British Pound (Buy) | 523 | 525 | 07/02/09 | (2 | ) | |||||||||||
British Pound (Buy) | 142 | 143 | 09/16/09 | (1 | ) | |||||||||||
British Pound (Sell) | 2,281 | 2,269 | 09/18/09 | (12 | ) | |||||||||||
British Pound (Buy) | 282 | 279 | 09/16/09 | 3 | ||||||||||||
British Pound (Sell) | 1,234 | 1,243 | 09/16/09 | 9 | ||||||||||||
British Pound (Buy) | 280 | 277 | 09/18/09 | 3 | ||||||||||||
Canadian Dollar (Buy) | 192 | 202 | 09/16/09 | (10 | ) | |||||||||||
Canadian Dollar (Buy) | 104 | 107 | 09/17/09 | (3 | ) | |||||||||||
Canadian Dollar (Sell) | 70 | 72 | 07/27/09 | 2 | ||||||||||||
Canadian Dollar (Sell) | 928 | 970 | 09/16/09 | 42 | ||||||||||||
Canadian Dollar (Sell) | 1,009 | 1,038 | 09/17/09 | 29 | ||||||||||||
Chilean Peso (Sell) | 11 | 11 | 07/27/09 | — | ||||||||||||
Chinese Renminbi (Buy) | 859 | 869 | 09/02/09 | (10 | ) | |||||||||||
Chinese Renminbi (Sell) | 2,113 | 2,058 | 09/02/09 | (55 | ) | |||||||||||
Chinese Renminbi (Sell) | 210 | 203 | 02/22/10 | (7 | ) | |||||||||||
Chinese Renminbi (Buy) | 1,256 | 1,240 | 09/02/09 | 16 | ||||||||||||
Chinese Renminbi (Buy) | 210 | 209 | 02/22/10 | 1 | ||||||||||||
Czech Koruna (Buy) | 129 | 125 | 09/16/09 | 4 | ||||||||||||
Czech Koruna (Sell) | 98 | 96 | 09/16/09 | (2 | ) | |||||||||||
Danish Krone (Buy) | 47 | 47 | 09/16/09 | — | ||||||||||||
Danish Krone (Sell) | 267 | 264 | 09/16/09 | (3 | ) | |||||||||||
Danish Krone (Sell) | 1,407 | 1,259 | 03/05/10 | (148 | ) | |||||||||||
Danish Krone (Buy) | 235 | 232 | 09/16/09 | 3 | ||||||||||||
Euro (Buy) | 41 | 41 | 07/02/09 | — | ||||||||||||
Euro (Buy) | 264 | 274 | 09/02/09 | (10 | ) | |||||||||||
Euro (Buy) | 1,121 | 1,132 | 09/16/09 | (11 | ) | |||||||||||
Euro (Sell) | 13,343 | 13,308 | 09/16/09 | (35 | ) | |||||||||||
Euro (Sell) | 2,829 | 2,790 | 09/18/09 | (39 | ) | |||||||||||
Euro (Sell) | 457 | 459 | 07/01/09 | 2 | ||||||||||||
Euro (Sell) | 754 | 757 | 07/02/09 | 3 | ||||||||||||
Euro (Buy) | 443 | 404 | 09/02/09 | 39 | ||||||||||||
Euro (Sell) | 533 | 544 | 09/02/09 | 11 |
The accompanying notes are an integral part of these financial statements.
87
Table of Contents
Hartford Global Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
(continued) | ||||||||||||||||
Forward Foreign Currency Contracts Outstanding at June 30, 2009 | ||||||||||||||||
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Buy) | $ | 3,249 | $ | 3,237 | 09/16/09 | $ | 12 | |||||||||
Euro (Sell) | 2,260 | 2,276 | 09/16/09 | 16 | ||||||||||||
Euro (Buy) | 300 | 299 | 09/18/09 | 1 | ||||||||||||
Hong Kong Dollar (Buy) | 316 | 316 | 07/02/09 | — | ||||||||||||
Hong Kong Dollar (Buy) | 143 | 144 | 06/12/12 | (1 | ) | |||||||||||
Hungarian Forint (Buy) | 253 | 246 | 09/16/09 | 7 | ||||||||||||
Hungarian Forint (Sell) | 222 | 208 | 09/16/09 | (14 | ) | |||||||||||
Indian Rupee (Buy) | 369 | 368 | 07/27/09 | 1 | ||||||||||||
Israeli New Shekel (Buy) | 360 | 360 | 09/16/09 | — | ||||||||||||
Israeli New Shekel (Sell) | 168 | 165 | 09/16/09 | (3 | ) | |||||||||||
Israeli New Shekel (Buy) | 48 | 48 | 09/16/09 | — | ||||||||||||
Japanese Yen (Buy) | 479 | 482 | 09/10/09 | (3 | ) | |||||||||||
Japanese Yen (Sell) | 2,387 | 2,336 | 09/10/09 | (51 | ) | |||||||||||
Japanese Yen (Buy) | 357 | 359 | 09/16/09 | (2 | ) | |||||||||||
Japanese Yen (Sell) | 449 | 448 | 09/16/09 | (1 | ) | |||||||||||
Japanese Yen (Buy) | 84 | 82 | 09/16/09 | 2 | ||||||||||||
Japanese Yen (Sell) | 11,699 | 11,702 | 09/16/09 | 3 | ||||||||||||
Malaysian Ringgit (Sell) | 84 | 85 | 09/16/09 | 1 | ||||||||||||
Malaysian Ringgit (Sell) | 48 | 48 | 09/16/09 | — | ||||||||||||
Mexican New Peso (Buy) | 89 | 88 | 09/17/09 | 1 | ||||||||||||
Mexican New Peso (Sell) | 163 | 162 | 09/17/09 | (1 | ) | |||||||||||
New Zealand Dollar (Buy) | 216 | 210 | 09/16/09 | 6 | ||||||||||||
New Zealand Dollar (Buy) | 90 | 90 | 09/16/09 | — | ||||||||||||
New Zealand Dollar (Sell) | 286 | 277 | 09/16/09 | (9 | ) | |||||||||||
Norwegian Krone (Buy) | 916 | 940 | 09/16/09 | (24 | ) | |||||||||||
Norwegian Krone (Sell) | 60 | 60 | 09/16/09 | — | ||||||||||||
Norwegian Krone (Buy) | 433 | 431 | 09/16/09 | 2 | ||||||||||||
Norwegian Krone (Sell) | 675 | 683 | 09/16/09 | 8 | ||||||||||||
Polish Zloty (Buy) | 351 | 347 | 09/16/09 | 4 | ||||||||||||
Polish Zloty (Sell) | 201 | 202 | 09/16/09 | 1 | ||||||||||||
Polish Zloty (Buy) | 224 | 217 | 09/17/09 | 7 | ||||||||||||
Polish Zloty (Buy) | 255 | 257 | 09/16/09 | (2 | ) | |||||||||||
Polish Zloty (Sell) | 927 | 906 | 09/16/09 | (21 | ) | |||||||||||
Polish Zloty (Sell) | 224 | 223 | 09/17/09 | (1 | ) | |||||||||||
Republic of Korea Won (Buy) | 144 | 143 | 09/16/09 | 1 | ||||||||||||
Republic of Korea Won (Sell) | 17 | 17 | 09/16/09 | — | ||||||||||||
Republic of Korea Won (Sell) | 70 | 70 | 09/16/09 | — | ||||||||||||
Singapore Dollar (Buy) | 283 | 282 | 09/16/09 | 1 | ||||||||||||
Singapore Dollar (Sell) | 1,208 | 1,212 | 09/16/09 | 4 | ||||||||||||
Singapore Dollar (Buy) | 142 | 142 | 09/16/09 | — | ||||||||||||
Singapore Dollar (Sell) | 145 | 144 | 09/16/09 | (1 | ) | |||||||||||
South African Rand (Sell) | 171 | 163 | 09/16/09 | (8 | ) | |||||||||||
South African Rand (Buy) | 7 | 7 | 09/16/09 | — | ||||||||||||
Swedish Krona (Buy) | 719 | 722 | 09/16/09 | (3 | ) | |||||||||||
Swedish Krona (Sell) | 115 | 113 | 09/16/09 | (2 | ) | |||||||||||
Swedish Krona (Buy) | 170 | 166 | 09/16/09 | 4 | ||||||||||||
Swedish Krona (Sell) | 1,039 | 1,052 | 09/16/09 | 13 | ||||||||||||
Swiss Franc (Buy) | 773 | 781 | 09/16/09 | (8 | ) | |||||||||||
Swiss Franc (Sell) | 358 | 358 | 09/16/09 | — | ||||||||||||
Swiss Franc (Sell) | 1,081 | 1,093 | 09/16/09 | 12 | ||||||||||||
Taiwanese Dollar (Buy) | 14 | 14 | 07/27/09 | — | ||||||||||||
Taiwanese Dollar (Sell) | 14 | 14 | 07/27/09 | — | ||||||||||||
$ | (264 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.7 | % | ||
Belgium | 0.1 | |||
Brazil | 2.0 | |||
Canada | 3.0 | |||
China | 0.5 | |||
Denmark | 1.4 | |||
Finland | 0.0 | |||
France | 2.2 | |||
Germany | 6.1 | |||
Hong Kong | 0.6 | |||
Ireland | 0.1 | |||
Israel | 1.1 | |||
Italy | 0.5 | |||
Japan | 8.8 | |||
Luxembourg | 0.6 | |||
Malaysia | 0.0 | |||
Mexico | 0.1 | |||
Netherlands | 1.6 | |||
Norway | 0.9 | |||
Poland | 0.1 | |||
Singapore | 0.7 | |||
South Africa | 0.1 | |||
Spain | 2.6 | |||
Sweden | 0.4 | |||
Switzerland | 3.0 | |||
Taiwan | 0.6 | |||
United Kingdom | 7.2 | |||
United States | 52.8 | |||
Short-Term Investments | 2.9 | |||
Other Assets and Liabilities | (1.7 | ) | ||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
88
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 5,845 | $ | – | $ | 5,541 | $ | 304 | ||||||||
Common Stocks | 136,756 | 87,074 | 49,682 | — | ||||||||||||
Corporate Bonds: Investment Grade | 50,771 | — | 50,771 | — | ||||||||||||
U.S. Government Agencies | 15,944 | — | 15,944 | — | ||||||||||||
U.S. Government Securities | 2,428 | — | 2,428 | — | ||||||||||||
Short-Term Investments | 6,160 | — | 6,160 | — | ||||||||||||
Total | $ | 217,904 | $ | 87,074 | $ | 130,526 | $ | 304 | ||||||||
Other Financial Instruments (Q) | $ | 851 | $ | 574 | $ | 277 | $ | – | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 575 | $ | 34 | $ | 541 | $ | – | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | ||||||||||||||||||||||
December 31, | Realized Gain | Unrealized | and/or Out of | Balance as of | ||||||||||||||||||||
2008 | (Loss) | Appreciation | Net Sales | Level 3 | June 30, 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | 1,027 | — | 11 | * | (333 | ) | (401 | ) | 304 | |||||||||||||||
Corporate Bonds | 86 | — | — | (A) | — | (86 | ) | — | ||||||||||||||||
Total | $ | 1,113 | $ | — | $ | 11 | $ | (333 | ) | $ | (487 | ) | $ | 304 | ||||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(4). | |
(A) | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $—. |
The accompanying notes are an integral part of these financial statements.
89
Table of Contents
Hartford Global Equity HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.1% | ||||||||||||
Automobiles & Components — 1.6% | ||||||||||||
2 | Daimler AG | $ | 77 | |||||||||
34 | Ford Motor Co. (D) | 206 | ||||||||||
22 | Honda Motor Co., Ltd. | 606 | ||||||||||
2 | Johnson Controls, Inc. | 46 | ||||||||||
5 | Michelin (C.G.D.E.) Class B | 283 | ||||||||||
5 | Peugeot S.A. | 135 | ||||||||||
1,353 | ||||||||||||
Banks — 9.3% | ||||||||||||
41 | Banco do Estado do Rio Grande do Sul S.A. | 163 | ||||||||||
6 | Banco Latinoamericano de Exportaciones S.A. ADR Class E | 68 | ||||||||||
16 | Banco Santander Central Hispano S.A. | 192 | ||||||||||
127 | Bangkok Bank plc | 417 | ||||||||||
20 | Bank of Nova Scotia | 737 | ||||||||||
1 | BNP Paribas | 88 | ||||||||||
64 | Citizens Republic Bancorp, Inc. (D) | 45 | ||||||||||
10 | Comerica, Inc. | 212 | ||||||||||
319 | Dah Sing Banking Group Ltd. | 314 | ||||||||||
51 | DBS Group Holdings Ltd. | 410 | ||||||||||
85 | DNB Nor ASA (D) | 651 | ||||||||||
2 | Gronlandsbanken | 134 | ||||||||||
2 | HDFC Bank Ltd. ADR | 201 | ||||||||||
34 | HSBC Holding plc | 279 | ||||||||||
45 | Intesa Sanpaolo | 146 | ||||||||||
34 | Itau Unibanco Banco Multiplo S.A. ADR | 542 | ||||||||||
9 | Mitsubishi UFJ Financial Group, Inc. | 57 | ||||||||||
14 | Nordea Bank AB | 109 | ||||||||||
15 | Oversea-Chinese Banking Corp., Ltd. | 71 | ||||||||||
1 | PNC Financial Services Group, Inc. | 33 | ||||||||||
69 | Popular, Inc. | 151 | ||||||||||
— | Ringkjoebing Landbobank (D) | 28 | ||||||||||
4 | Societe Generale Class A | 219 | ||||||||||
18 | Sparebanken Midt-Norge | 120 | ||||||||||
35 | Standard Chartered plc | 661 | ||||||||||
7 | Toronto-Dominion Bank | 367 | ||||||||||
13 | Toronto-Dominion Bank ADR | 678 | ||||||||||
46 | Washington Mutual, Inc. Private Placement (H)(A) | 4 | ||||||||||
10 | Webster Financial Corp. | 80 | ||||||||||
21 | Wells Fargo & Co. | 502 | ||||||||||
7,679 | ||||||||||||
Capital Goods — 5.0% | ||||||||||||
2 | AMETEK, Inc. | 53 | ||||||||||
2 | Assa Abloy Ab | 22 | ||||||||||
20 | BAE Systems plc | 114 | ||||||||||
4 | BE Aerospace, Inc. (D) | 60 | ||||||||||
1 | Carlisle Cos., Inc. | 17 | ||||||||||
56 | China State Construction International Holdings Ltd. | 19 | ||||||||||
3 | Danaher Corp. | 194 | ||||||||||
2 | Deere & Co. | 91 | ||||||||||
1 | Dover Corp. | 24 | ||||||||||
2 | Finmeccanica S.p.A | 34 | ||||||||||
— | Flowserve Corp. | 18 | ||||||||||
— | Fluor Corp. | 25 | ||||||||||
55 | General Electric Co. | 647 | ||||||||||
40 | Hino Motors Ltd. | 125 | ||||||||||
3 | Hochtief AG | 171 | ||||||||||
2 | Honeywell International, Inc. | 73 | ||||||||||
5 | Illinois Tool Works, Inc. | 200 | ||||||||||
3 | Ingersoll-Rand Co. Class A | 62 | ||||||||||
5 | Lockheed Martin Corp. | 364 | ||||||||||
4 | Parker-Hannifin Corp. | 155 | ||||||||||
5 | Pentair, Inc. | 129 | ||||||||||
1 | Precision Castparts Corp. | 87 | ||||||||||
2 | Raytheon Co. | 104 | ||||||||||
3 | Rockwell Automation, Inc. | 90 | ||||||||||
30 | Rolls-Royce Group plc (H) | 177 | ||||||||||
5 | Siemens AG | 352 | ||||||||||
— | Smc Corp. | 16 | ||||||||||
7 | Spirit Aerosystems Holdings, Inc. (D) | 95 | ||||||||||
4 | Teledyne Technologies, Inc. (D) | 116 | ||||||||||
6 | United Technologies Corp. | 316 | ||||||||||
2 | Vinci S.A. | 93 | ||||||||||
10 | Volvo Ab Class B | 62 | ||||||||||
4,105 | ||||||||||||
Commercial & Professional Services — 0.0% | ||||||||||||
1 | Manpower, Inc. | 25 | ||||||||||
Consumer Durables & Apparel — 1.1% | ||||||||||||
202 | Anta Sports Products Ltd. | 251 | ||||||||||
279 | China Dongxiang Group Co. | 187 | ||||||||||
9 | Fortune Brands, Inc. | 315 | ||||||||||
9 | MRV Engenharia e Participacoes S.A. | 119 | ||||||||||
15 | Peace Mark Holdings Ltd. (H)(A) | – | ||||||||||
37 | Ports Design Ltd. | 87 | ||||||||||
959 | ||||||||||||
Consumer Services — 1.1% | ||||||||||||
2 | Accor S.A. | 67 | ||||||||||
3 | Apollo Group, Inc. Class A (D) | 219 | ||||||||||
4 | Bally Technologies, Inc. (D) | 116 | ||||||||||
418 | Galaxy Entertainment Group Ltd. (D) | 109 | ||||||||||
— | Home Inns & Hotels Management, Inc. (D) | 1 | ||||||||||
— | Megastudy Co., Ltd. | 89 | ||||||||||
502 | NagaCorp Ltd. | 67 | ||||||||||
2 | Penn National Gaming, Inc. (D) | 68 | ||||||||||
5 | Sonic Corp. (D) | 47 | ||||||||||
3 | WMS Industries, Inc. (D) | 93 | ||||||||||
876 | ||||||||||||
Diversified Financials — 4.1% | ||||||||||||
12 | Ameriprise Financial, Inc. | 281 | ||||||||||
41 | Bank of America Corp. | 546 | ||||||||||
26 | BM & F Bovespa S.A. | 155 | ||||||||||
7 | Deutsche Boerse AG | 580 | ||||||||||
45 | Fortis | 153 | ||||||||||
4 | Goldman Sachs Group, Inc. | 622 | ||||||||||
1 | Groupe Bruxelles Lambert S.A. | 60 | ||||||||||
5 | Invesco Ltd. | 82 | ||||||||||
11 | Julius Baer Holding Ltd. | 442 | ||||||||||
1 | Moody’s Corp. | 19 | ||||||||||
16 | Nasdaq OMX Group, Inc. (D) | 341 | ||||||||||
13 | UBS AG | 157 | ||||||||||
3,438 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
90
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Energy — 11.5% | ||||||||||||
2 | Anadarko Petroleum Corp. | $ | 73 | |||||||||
4 | Baker Hughes, Inc. | 157 | ||||||||||
35 | BG Group plc | 583 | ||||||||||
46 | BP plc | 361 | ||||||||||
10 | BP plc ADR | 473 | ||||||||||
3 | Cabot Oil & Gas Corp. | 85 | ||||||||||
10 | Canadian Natural Resources Ltd. ADR | 533 | ||||||||||
4 | Canadian Oil SandsTrust | 94 | ||||||||||
3 | Chesapeake Energy Corp. | 58 | ||||||||||
3 | Chevron Corp. | 216 | ||||||||||
171 | China Shenhua Energy Co., Ltd. | 624 | ||||||||||
3 | ConocoPhillips Holding Co. | 106 | ||||||||||
2 | Consol Energy, Inc. | 77 | ||||||||||
7 | Devon Energy Corp. | 355 | ||||||||||
2 | Enbridge Energy Management (D) | 68 | ||||||||||
3 | EnCana Corp. ADR | 149 | ||||||||||
2 | Eni S.p.A. ADR | 115 | ||||||||||
6 | EOG Resources, Inc. | 392 | ||||||||||
12 | Exxon Mobil Corp. | 866 | ||||||||||
8 | Halliburton Co. | 157 | ||||||||||
2 | Hess Corp. | 88 | ||||||||||
2 | Husky Energy, Inc. | 61 | ||||||||||
45 | Lundin Petroleum Ab (D) | 347 | ||||||||||
3 | Marathon Oil Corp. | 91 | ||||||||||
1 | Newfield Exploration Co. (D) | 36 | ||||||||||
5 | Noble Energy, Inc. | 279 | ||||||||||
25 | OAO Gazprom Class S ADR | 513 | ||||||||||
3 | Occidental Petroleum Corp. | 228 | ||||||||||
11 | OMV AG | 404 | ||||||||||
2 | Overseas Shipholding Group, Inc. | 67 | ||||||||||
2 | Peabody Energy Corp. | 54 | ||||||||||
2 | Petro-Canada | 87 | ||||||||||
3 | PetroChina Co. Ltd. ADR | 386 | ||||||||||
5 | Petroleo Brasileiro S.A. ADR | 185 | ||||||||||
1 | Reliance Industries GDR (I)(D) | 85 | ||||||||||
3 | Royal Dutch Shell plc ADR | 131 | ||||||||||
4 | Schlumberger Ltd. | 211 | ||||||||||
5 | Suncor Energy, Inc. ADR | 152 | ||||||||||
2 | Teekay Tankers Ltd. | 18 | ||||||||||
3 | Total S.A. ADR | 162 | ||||||||||
1 | Transocean, Inc. (D) | 61 | ||||||||||
3 | Tsakos Energy Navigation Ltd. | 42 | ||||||||||
1 | Ultra Petroleum Corp. (D) | 35 | ||||||||||
4 | Valero Energy Corp. | 67 | ||||||||||
10 | Weatherford International Ltd. (D) | 189 | ||||||||||
2 | Williams Cos., Inc. | 27 | ||||||||||
1 | XTO Energy, Inc. | 33 | ||||||||||
9,581 | ||||||||||||
Food & Staples Retailing — 0.5% | ||||||||||||
3 | Walgreen Co. | 80 | ||||||||||
5 | Wal-Mart Stores, Inc. | 247 | ||||||||||
3 | Woolworths Ltd. | 62 | ||||||||||
�� | ||||||||||||
389 | ||||||||||||
Food, Beverage & Tobacco — 6.5% | ||||||||||||
12 | Altria Group, Inc. | 204 | ||||||||||
24 | British American Tobacco plc | 665 | ||||||||||
7 | Carlsberg A/S Class B | 424 | ||||||||||
3 | Cental Euro Distribution Corp. (D) | 81 | ||||||||||
12 | China Mengniu Dairy Co. | 27 | ||||||||||
29 | China Yurun Food Group Ltd. | 43 | ||||||||||
6 | Coca-Cola Enterprises, Inc. | 106 | ||||||||||
4 | Coca-Cola Hellenic Bottling | 74 | ||||||||||
2 | Coca-Cola Icecek | 14 | ||||||||||
9 | Cosan Ltd. (D) | 47 | ||||||||||
14 | Cott Corp. (D) | 79 | ||||||||||
197 | Golden Agri Resources Ltd. | 51 | ||||||||||
34 | Golden Agri-Resources — Rights (H) | 5 | ||||||||||
2 | Groupe Danone | 91 | ||||||||||
7 | Heineken N.V. | 269 | ||||||||||
2 | Hormel Foods Corp. | 61 | ||||||||||
21 | Imperial Tobacco Group plc | 545 | ||||||||||
6 | Kellogg Co. | 257 | ||||||||||
2 | Lorillard, Inc. | 150 | ||||||||||
46 | Marine Harvest (D) | 31 | ||||||||||
27 | Nestle S.A. | 1,027 | ||||||||||
1 | Perdigao S.A. (D) | 39 | ||||||||||
10 | Philip Morris International, Inc. | 416 | ||||||||||
66 | Premier Foods plc | 40 | ||||||||||
5 | Ralcorp Holdings, Inc. (D) | 280 | ||||||||||
3 | Swedish Match Ab | 48 | ||||||||||
7 | Unilever N.V. CVA | 162 | ||||||||||
2 | Wimm-Bill-Dann Foods (D) | 96 | ||||||||||
5,332 | ||||||||||||
Health Care Equipment & Services — 4.4% | ||||||||||||
4 | Amerisource Bergen Corp. | 79 | ||||||||||
6 | Baxter International, Inc. | 309 | ||||||||||
2 | Beckman Coulter, Inc. | 137 | ||||||||||
1 | Becton, Dickinson & Co. | 86 | ||||||||||
3 | Cardinal Health, Inc. | 84 | ||||||||||
1 | Community Health Systems, Inc. (D) | 21 | ||||||||||
2 | Coventry Health Care, Inc. (D) | 46 | ||||||||||
14 | Covidien plc | 523 | ||||||||||
1 | Eclipsys Corp. (D) | 18 | ||||||||||
4 | Health Management Associates, Inc. Class A (D) | 22 | ||||||||||
8 | Hospira, Inc. (D) | 292 | ||||||||||
1 | Humana, Inc. (D) | 46 | ||||||||||
6 | McKesson Corp. | 260 | ||||||||||
16 | Medtronic, Inc. | 569 | ||||||||||
8 | SSL International plc | 70 | ||||||||||
5 | St. Jude Medical, Inc. (D) | 210 | ||||||||||
2 | Synthes, Inc. | 161 | ||||||||||
22 | UnitedHealth Group, Inc. | 548 | ||||||||||
3 | Wellpoint, Inc. (D) | 132 | ||||||||||
3,613 | ||||||||||||
Household & Personal Products — 0.4% | ||||||||||||
18 | Dabur India Ltd. | 47 | ||||||||||
5 | Hengan International Group Co., Ltd. | 23 | ||||||||||
1 | Herbalife Ltd. | 36 | ||||||||||
29 | Marico Ltd. | 45 | ||||||||||
1 | Oriflame Cosmetics S.A. ADR | 63 | ||||||||||
1 | Reckitt Benckiser Group plc | 56 | ||||||||||
270 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
91
Table of Contents
Hartford Global Equity HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Insurance — 2.5% | ||||||||||||
14 | ACE Ltd. | $ | 615 | |||||||||
3 | Aflac, Inc. | 87 | ||||||||||
2 | Everest Re Group Ltd. | 171 | ||||||||||
11 | Hilltop Holdings, Inc. (D) | 134 | ||||||||||
6 | Marsh & McLennan Cos., Inc. | 125 | ||||||||||
7 | Paris RE Holdings Ltd. | 105 | ||||||||||
5 | Platinum Underwriters Holdings Ltd. | 143 | ||||||||||
2 | Principal Financial Group, Inc. | 43 | ||||||||||
3 | Prudential Financial, Inc. | 97 | ||||||||||
2 | Transatlantic Holdings, Inc. | 82 | ||||||||||
20 | Unum Group | 319 | ||||||||||
1 | Zurich Financial Services AG | 139 | ||||||||||
2,060 | ||||||||||||
Materials — 8.0% | ||||||||||||
1 | Agnico Eagle Mines Ltd. | 76 | ||||||||||
1 | Agrium, Inc. | 34 | ||||||||||
1 | Air Products and Chemicals, Inc. | 90 | ||||||||||
3 | Albemarle Corp. | 66 | ||||||||||
1 | Anglo American Platinum Co., Ltd. | 52 | ||||||||||
4 | Anglo American plc | 116 | ||||||||||
12 | Aquarius Platinum Ltd. | 45 | ||||||||||
5 | Barrick Gold Corp. | 170 | ||||||||||
8 | BASF SE | 313 | ||||||||||
4 | BHP Billiton Ltd. ADR | 207 | ||||||||||
5 | BHP Billiton plc | 105 | ||||||||||
3 | Celanese Corp. | 82 | ||||||||||
9 | CRH plc | 196 | ||||||||||
3 | Croda International plc | 29 | ||||||||||
6 | Cytec Industries, Inc. | 120 | ||||||||||
8 | FMC Corp. | 392 | ||||||||||
1 | Freeport-McMoRan Copper & Gold, Inc. | 38 | ||||||||||
399 | Huabao International Holdings Ltd. | 385 | ||||||||||
1 | Martin Marietta Materials, Inc. | 57 | ||||||||||
1 | Monsanto Co. | 108 | ||||||||||
8 | Mosaic Co. | 355 | ||||||||||
3 | Newmont Mining Corp. | 123 | ||||||||||
3 | Potash Corp. of Saskatchewan, Inc. | 237 | ||||||||||
4 | Potash Corp. of Saskatchewan, Inc. ADR | 386 | ||||||||||
3 | Praxair, Inc. | 198 | ||||||||||
22 | Rexam plc | 105 | ||||||||||
27 | Rhodia S.A. | 203 | ||||||||||
3 | Rio Tinto Ltd. | 120 | ||||||||||
2 | Rio Tinto Ltd. — Rights (H) | 29 | ||||||||||
8 | Rio Tinto plc | 293 | ||||||||||
4 | Rio Tinto plc Rights | 51 | ||||||||||
6 | Shin-Etsu Chemical Co., Ltd. | 290 | ||||||||||
28 | Solutia, Inc. (D) | 162 | ||||||||||
15 | Teck Cominco Ltd. Class B | 241 | ||||||||||
23 | Vale S.A. — SP ADR | 414 | ||||||||||
17 | Vedanta Resources plc | 358 | ||||||||||
33 | Xstrata plc | 363 | ||||||||||
6,609 | ||||||||||||
Media — 1.4% | ||||||||||||
1 | Arbitron, Inc. | 11 | ||||||||||
6 | Comcast Corp. Class A | 90 | ||||||||||
2 | Comcast Corp. Special Class A | 23 | ||||||||||
1 | DirecTV Group, Inc. (D) | 29 | ||||||||||
— | Discovery Communications, Inc. (D) | 11 | ||||||||||
2 | DreamWorks Animation SKG, Inc. (D) | 53 | ||||||||||
1 | Elsevier N.V | 16 | ||||||||||
— | Marvel Entertainment, Inc. (D) | 10 | ||||||||||
5 | McGraw-Hill Cos., Inc. | 136 | ||||||||||
26 | Reed Elsevier Capital, Inc. | 191 | ||||||||||
— | Scripps Networks Interactive Class A | 9 | ||||||||||
13 | SES Global S.A. | 243 | ||||||||||
2 | Time Warner Cable, Inc. | 50 | ||||||||||
3 | Time Warner, Inc. | 76 | ||||||||||
— | Viacom, Inc. Class B (D) | 10 | ||||||||||
3 | Vivendi S.A. | 68 | ||||||||||
4 | Walt Disney Co. | 84 | ||||||||||
11 | WPP plc | 70 | ||||||||||
1,180 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 10.7% | ||||||||||||
2 | Abbott Laboratories | 105 | ||||||||||
6 | Amgen, Inc. (D) | 317 | ||||||||||
9 | Amylin Pharmaceuticals, Inc. (D) | 117 | ||||||||||
2 | Astellas Pharma, Inc. | 84 | ||||||||||
5 | AstraZeneca plc | 233 | ||||||||||
7 | AstraZeneca plc ADR | 288 | ||||||||||
3 | Cephalon, Inc. (D) | 142 | ||||||||||
18 | Daiichi Sankyo Co., Ltd. | 318 | ||||||||||
18 | Eisai Co., Ltd. | 633 | ||||||||||
33 | Elan Corp. plc ADR (D) | 208 | ||||||||||
14 | Eli Lilly & Co. | 484 | ||||||||||
9 | Forest Laboratories, Inc. (D) | 218 | ||||||||||
3 | Genzyme Corp. (D) | 153 | ||||||||||
5 | Gilead Sciences, Inc. (D) | 247 | ||||||||||
2 | H. Lundbeck A/S | 42 | ||||||||||
2 | Ipsen | 71 | ||||||||||
3 | Johnson & Johnson | 150 | ||||||||||
5 | King Pharmaceuticals, Inc. (D) | 50 | ||||||||||
3 | Laboratorios Almiral S.A. | 36 | ||||||||||
5 | Medicines Co. (D) | 45 | ||||||||||
27 | Merck & Co., Inc. | 747 | ||||||||||
2 | OSI Pharmaceuticals, Inc. (D) | 52 | ||||||||||
3 | PAREXEL International Corp. (D) | 46 | ||||||||||
64 | Pfizer, Inc. | 963 | ||||||||||
5 | Regeneron Pharmaceuticals, Inc. (D) | 82 | ||||||||||
3 | Roche Holding AG | 342 | ||||||||||
2 | Sanofi-Aventis S.A. | 131 | ||||||||||
6 | Sanofi-Aventis S.A. ADR | 166 | ||||||||||
22 | Schering-Plough Corp. | 551 | ||||||||||
17 | Shionogi & Co., Ltd. | 319 | ||||||||||
18 | Teva Pharmaceutical Industries Ltd. ADR | 895 | ||||||||||
6 | UCB S.A. | 201 | ||||||||||
3 | Vertex Pharmaceuticals, Inc. (D) | 108 | ||||||||||
2 | Watson Pharmaceuticals, Inc. (D) | 64 | ||||||||||
4 | Wyeth | 200 | ||||||||||
8,808 | ||||||||||||
Real Estate — 1.7% | ||||||||||||
2 | AMB Property Corp. | 43 | ||||||||||
1 | Boston Properties, Inc. | 24 | ||||||||||
46 | Brasil Brokers Participacoes | 66 | ||||||||||
— | Brasil Brokers Participacoes — Rights | — | ||||||||||
2 | Brookfield Asset Management, Inc. | 41 |
The accompanying notes are an integral part of these financial statements.
92
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Real Estate — (continued) | ||||||||||||
1 | CB Richard Ellis Group, Inc. Class A (D) | $ | 6 | |||||||||
5 | China Overseas Land & Investment Ltd. | 12 | ||||||||||
5 | China Resources Land Ltd. | 11 | ||||||||||
1 | Cyrela Commercial Properties S.A. EmpreendimentoseParticicpacoes | 3 | ||||||||||
32 | DB Rreef Trust | 19 | ||||||||||
11 | Diamondrock Hospitality | 69 | ||||||||||
2 | Douglas Emmett, Inc. | 17 | ||||||||||
1 | Equity Residential Properties Trust | 21 | ||||||||||
14 | Forest City Enterprises, Inc. Class A | 94 | ||||||||||
2 | Hang Lung Properties Ltd. | 7 | ||||||||||
4 | Host Hotels & Resorts, Inc. | 31 | ||||||||||
2 | Kerry Properties Ltd. | 6 | ||||||||||
5 | Kimco Realty Corp. | 51 | ||||||||||
1 | Liberty International plc | 4 | ||||||||||
11 | Link Reit | 23 | ||||||||||
15 | Mitsubishi Estate Co., Ltd. | 249 | ||||||||||
— | Multiplan Empreendimentos Imobiliarios S.A. | 4 | ||||||||||
— | Public Storage | 29 | ||||||||||
1 | Regency Centers Corp. | 39 | ||||||||||
2 | RioCan Real Estate Investment Trust | 20 | ||||||||||
1 | Simon Property Group, Inc. | 30 | ||||||||||
9 | Sino-Ocean Land Holdings Ltd. | 10 | ||||||||||
5 | Sun Hung Kai Properties Ltd. | 57 | ||||||||||
2 | Unibail | 233 | ||||||||||
3 | Vornado Realty Trust | 146 | ||||||||||
2 | Westfield Group | 21 | ||||||||||
2 | Wharf Holdings Ltd. | 8 | ||||||||||
1,394 | ||||||||||||
Retailing — 4.5% | ||||||||||||
5 | 361 Degrees International Ltd. (D) | 3 | ||||||||||
1 | Advance Automotive Parts, Inc. | 60 | ||||||||||
9 | American Eagle Outfitters, Inc. | 128 | ||||||||||
2 | AutoZone, Inc. (D) | 231 | ||||||||||
4 | B2W Companhia Global do Varejo | 65 | ||||||||||
9 | Best Buy Co., Inc. | 315 | ||||||||||
9 | Esprit Holdings Ltd. | 49 | ||||||||||
28 | Gap, Inc. | 455 | ||||||||||
93 | Golden Eagle Retail Group Ltd. | 108 | ||||||||||
11 | Home Depot, Inc. | 264 | ||||||||||
62 | Kingfisher plc | 183 | ||||||||||
3 | Kohl’s Corp. (D) | 134 | ||||||||||
1 | Lotte Shopping Co. (D) | 260 | ||||||||||
60 | Marks & Spencer Group plc | 305 | ||||||||||
2 | Next plc | 38 | ||||||||||
84 | Parkson Retail Group Ltd. | 119 | ||||||||||
3 | Pinault-Printemps-Redoute S.A. | 249 | ||||||||||
3 | Ross Stores, Inc. | 107 | ||||||||||
1 | Sherwin-Williams Co. | 54 | ||||||||||
20 | Staples, Inc. | 396 | ||||||||||
2 | Target Corp. | 91 | ||||||||||
3 | TJX Cos., Inc. | 93 | ||||||||||
3,707 | ||||||||||||
Semiconductors & Semiconductor Equipment — 0.9% | ||||||||||||
6 | ASM Pacific Technology | 33 | ||||||||||
3 | Atheros Communications, Inc. (D) | 53 | ||||||||||
9 | Intel Corp. | 142 | ||||||||||
2 | Lam Research Corp. (D) | 41 | ||||||||||
6 | Maxim Integrated Products, Inc. | 98 | ||||||||||
8 | ON Semiconductor Corp. (D) | 54 | ||||||||||
— | Samsung Electronics Co., Ltd. | 139 | ||||||||||
49 | Taiwan Semiconductor Manufacturing Co., Ltd. | 80 | ||||||||||
5 | Texas Instruments, Inc. | 117 | ||||||||||
757 | ||||||||||||
Software & Services — 5.2% | ||||||||||||
12 | Accenture Ltd. Class A | 388 | ||||||||||
2 | Adobe Systems, Inc. (D) | 56 | ||||||||||
3 | Alliance Data Systems Corp. (D) | 127 | ||||||||||
6 | Automatic Data Processing, Inc. | 229 | ||||||||||
— | Baidu, Inc. ADR (D) | 142 | ||||||||||
2 | Cia Brasileira de Meios de Pagamentos (D) | 15 | ||||||||||
1 | DST Systems, Inc. (D) | 21 | ||||||||||
9 | Electronic Arts, Inc. (D) | 201 | ||||||||||
1 | Equinix, Inc. (D) | 67 | ||||||||||
1 | Google, Inc. (D) | 341 | ||||||||||
32 | Microsoft Corp. | 770 | ||||||||||
— | Nintendo Co., Ltd. | 17 | ||||||||||
32 | Oracle Corp. | 691 | ||||||||||
6 | Red Hat, Inc. (D) | 121 | ||||||||||
1 | Shanda Interactive Entertainment Ltd. ADR (D) | 60 | ||||||||||
— | Sohu.com, Inc. (D) | 23 | ||||||||||
6 | Tencent Holdings Ltd. | 68 | ||||||||||
2 | THQ, Inc. (D) | 17 | ||||||||||
2 | TiVo, Inc. (D) | 24 | ||||||||||
3 | Visa, Inc. | 208 | ||||||||||
32 | Western Union Co. | 518 | ||||||||||
11 | Yahoo!, Inc. (D) | 171 | ||||||||||
4,275 | ||||||||||||
Technology Hardware & Equipment — 5.1% | ||||||||||||
12 | Acer, Inc. | 20 | ||||||||||
7 | Apple, Inc. (D) | 933 | ||||||||||
15 | Corning, Inc. | 234 | ||||||||||
9 | EMC Corp. (D) | 123 | ||||||||||
17 | Hewlett-Packard Co. | 647 | ||||||||||
84 | Hon Hai Precision Industry Co., Ltd. | 256 | ||||||||||
18 | Hon Hai Precision Industry Co., Ltd. GDR § | 109 | ||||||||||
1 | IBM Corp. | 112 | ||||||||||
36 | Motorola, Inc. | 241 | ||||||||||
13 | NetApp, Inc. (D) | 252 | ||||||||||
10 | Qualcomm, Inc. | 431 | ||||||||||
4 | Research In Motion Ltd. (D) | 318 | ||||||||||
27 | Seagate Technology | 283 | ||||||||||
9 | Western Digital Corp. (D) | 240 | ||||||||||
2 | Yaskawa Electric Corp. | 15 | ||||||||||
4,214 | ||||||||||||
Telecommunication Services — 4.3% | ||||||||||||
6 | Brasil Telecom S.A. ADR | 118 | ||||||||||
2 | Cellcom Israel Ltd. | 53 | ||||||||||
2 | CenturyTel, Inc. | 53 | ||||||||||
3 | China Mobile Ltd. | 26 | ||||||||||
3 | Crown Castle International Corp. (D) | 82 | ||||||||||
10 | Deutsche Telekom AG | 115 | ||||||||||
7 | France Telecom S.A. | 167 | ||||||||||
3 | Koninklijke (Royal) KPN N.V | 39 |
The accompanying notes are an integral part of these financial statements.
93
Table of Contents
Hartford Global Equity HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — (continued) | ||||||||||||
5 | Leap Wireless International, Inc. (D) | $ | 175 | |||||||||
3 | MetroPCS Communications, Inc. (D) | 39 | ||||||||||
6 | Millicom International Cellular S.A. (D) | 324 | ||||||||||
12 | Mobile Telesystems OJSC ADR | 436 | ||||||||||
22 | MTN Group Ltd. | 338 | ||||||||||
7 | NII Holdings, Inc. Class B (D) | 134 | ||||||||||
4 | P.T. Telekomunikasi Indonesia ADR | 113 | ||||||||||
6 | Partner Communications Co., Ltd. ADR | 110 | ||||||||||
3 | Qwest Communications International, Inc. | 13 | ||||||||||
4 | Tele Norte Leste Participacoes S.A. ADR | 60 | ||||||||||
348 | Telecom Italia S.p.A | 343 | ||||||||||
6 | Telefonica S.A. | 145 | ||||||||||
4 | Telefonica S.A. ADR | 248 | ||||||||||
20 | Turkcell Iletisim Hizmetleri AS ADR | 280 | ||||||||||
8 | TW Telecom, Inc. (D) | 78 | ||||||||||
5 | Vimpel-Communications ADR | 54 | ||||||||||
3,543 | ||||||||||||
Transportation — 2.9% | ||||||||||||
10 | Abertis Infraestructuras S.A. | 196 | ||||||||||
1 | C.H. Robinson Worldwide, Inc. | 54 | ||||||||||
41 | China Merchants Holdings International Co., Ltd. | 117 | ||||||||||
1 | Con-way, Inc. | 32 | ||||||||||
51 | Covenant Transport (D) | 278 | ||||||||||
2 | Diana Shipping, Inc. | 20 | ||||||||||
4 | Eagle Bulk Shipping, Inc. | 18 | ||||||||||
— | East Japan Railway Co. | 12 | ||||||||||
5 | easyJet plc (D) | 23 | ||||||||||
3 | FedEx Corp. | 160 | ||||||||||
5 | Forward Air Corp. | 100 | ||||||||||
3 | Genesee & Wyoming, Inc. Class A (D) | 72 | ||||||||||
8 | Hub Group, Inc. (D) | 160 | ||||||||||
17 | J.B. Hunt Transport Services, Inc. | 511 | ||||||||||
1 | Japan Airport Terminal | 14 | ||||||||||
23 | Jiangsu Express Co., Ltd. | 17 | ||||||||||
3 | Kuehne & Nagel International AG | 244 | ||||||||||
3 | MTR Corp., Ltd. | 8 | ||||||||||
6 | Omega Navigation Ent w/ Rights | 24 | ||||||||||
41 | PLUS Expressways Berhad | 37 | ||||||||||
3 | Ryanair Holdings plc ADR (D) | 80 | ||||||||||
1 | Sumitomo Warehouse | 5 | ||||||||||
3 | TNT N.V | 52 | ||||||||||
2 | United Parcel Service, Inc. Class B | 105 | ||||||||||
21 | YRC Worldwide, Inc. (D) | 37 | ||||||||||
2,376 | ||||||||||||
Utilities — 4.4% | ||||||||||||
2 | American Electric Power Co., Inc. | 65 | ||||||||||
4 | CIA Saneamento Minas Gerais | 54 | ||||||||||
1 | CMS Energy Corp. | 18 | ||||||||||
30 | Companhia Energetica de Minas Gerais ADR | 399 | ||||||||||
18 | E.On AG | 631 | ||||||||||
1 | Electricite de France | 41 | ||||||||||
12 | Enel S.p.A | 60 | ||||||||||
3 | EQT Corp. | 100 | ||||||||||
11 | Exelon Corp. | 587 | ||||||||||
4 | FirstEnergy Corp. | 173 | ||||||||||
1 | FPL Group, Inc. | 32 | ||||||||||
6 | Gaz de France | 238 | ||||||||||
9 | International Power plc | 35 | ||||||||||
5 | N.V. Energy, Inc. | 53 | ||||||||||
14 | National Grid plc | 126 | ||||||||||
6 | Northeast Utilities | 144 | ||||||||||
1 | PG&E Corp. | 50 | ||||||||||
3 | Questar Corp. | 81 | ||||||||||
4 | Red Electrica Corporacion S.A. | 178 | ||||||||||
1 | Severn Trent plc | 20 | ||||||||||
16 | Snam Rete Gas S.p.A | 71 | ||||||||||
2 | Southern Co. | 47 | ||||||||||
12 | Tenaga Nasional Bhd | 27 | ||||||||||
38 | Tokyo Gas Co., Ltd. | 137 | ||||||||||
3 | UniSource Energy Corp. | 90 | ||||||||||
1 | Wisconsin Energy Corp. | 50 | ||||||||||
5 | Xcel Energy, Inc. | 85 | ||||||||||
10 | YTL Power International Berhad | 6 | ||||||||||
3,598 | ||||||||||||
Total common stocks (cost $85,422) | $ | 80,141 | ||||||||||
PREFERRED STOCKS — 0.3% | ||||||||||||
Banks — 0.2% | ||||||||||||
12 | Banco Itau Holding | $ | 185 | |||||||||
Telecommunication Services — 0.1% | ||||||||||||
3 | Telemar Norte Leste S.A. | 96 | ||||||||||
Total preferred stocks (cost $285) | $ | 281 | ||||||||||
WARRANTS — 0.2% | ||||||||||||
Banks — 0.0% | ||||||||||||
6 | Washington Mutual, Inc. Private Placement (H)(D)(A) | $ | — | |||||||||
Energy — 0.1% | ||||||||||||
2 | Deutsche — CW17 Oil & Natural Gas Corp. (H)(D) | 40 | ||||||||||
— | Reliance Industries (H)(D) | 1 | ||||||||||
41 | ||||||||||||
Telecommunication Services — 0.1% | ||||||||||||
5 | Citigroup Global Certificate — Bharti Televentures (H)(D) | 87 | ||||||||||
1 | JP Morgan International Derivative — Bharti Airtel Ltd. (H)(D) | 22 | ||||||||||
109 | ||||||||||||
Total warrants (cost $124) | $ | 150 | ||||||||||
EXCHANGE TRADED FUNDS — 0.5% | ||||||||||||
Other Investment Pools and Funds — 0.5% | ||||||||||||
9 | iShares MSCI EAFE Index Fund | $ | 401 | |||||||||
Total exchange traded funds (cost $402) | $ | 401 | ||||||||||
The accompanying notes are an integral part of these financial statements.
94
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 0.0% | ||||||||||||
Finance — 0.0% | ||||||||||||
Boston Properties | ||||||||||||
$ | 2 | 2.88%, 02/15/2037 (X) | $ | 2 | ||||||||
Vornado Realty Trust | ||||||||||||
7 | 2.85%, 04/01/2027 (X) | 6 | ||||||||||
8 | ||||||||||||
Total corporate bonds: investment grade (cost $7) | $ | 8 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.0% | ||||||||||||
Finance — 0.0% | ||||||||||||
Forest City Enterprises, Inc. | ||||||||||||
$ | 6 | 3.63%, 10/15/2011 (X) | $ | 5 | ||||||||
Total corporate bonds: non-investment grade (cost $3) | $ | 5 | ||||||||||
Total long-term investments (cost $86,243) | $ | 80,986 | ||||||||||
SHORT-TERM INVESTMENTS — 1.6% | ||||||||||||
Repurchase Agreements — 1.6% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $83, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $85) | ||||||||||||
$ | 83 | 0.09%, 6/30/2009 | $ | 83 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $764, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $779) | ||||||||||||
764 | 0.05%, 6/30/2009 | 764 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $192, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $196) | ||||||||||||
192 | 0.09%, 6/30/2009 | 192 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $288, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $294) | ||||||||||||
288 | 0.08%, 6/30/2009 | 288 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—) | ||||||||||||
— | 0.03%, 6/30/2009 | — | ||||||||||
1,327 | ||||||||||||
Total short-term investments (cost $1,327) | $ | 1,327 | ||||||||||
Total investments (cost $87,570) (C) | 99.7 | % | $ | 82,313 | ||||||||
Other assets and liabilities | 0.3 | % | 246 | |||||||||
Total net assets | 100.0 | % | $ | 82,559 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 48.8% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $90,674 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 6,175 | ||
Unrealized Depreciation | (14,536 | ) | ||
Net Unrealized Depreciation | $ | (8,361 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $4, which represents 0.00% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $85, which represents 0.10% of total net assets. | |
§ | Securities contain some restrictions as to public resale. These securities comply with Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, and are determined to be liquid. At June 30, 2009, the market value of these securities amounted to $109 or 0.13% of total net assets. | |
(X) | Convertible security. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
09/2005 – | 5 | Citigroup Global Certificate — | ||||||||
09/2008 | Bharti Televentures Warrants - 144A | $ | 64 | |||||||
07/2008 – | 2 | Deutsche — CW17 Oil & Natural Gas | ||||||||
08/2008 | Corp. Warrants — 144A | 42 | ||||||||
06/2009 | 34 | Golden Agri-Resources — Rights | — | |||||||
03/2009 – | 1 | JP Morgan International Derivative — | ||||||||
06/2009 | Bharti Airtel Ltd. Warrants — 144A | 16 | ||||||||
01/2008 – 07/2008 | 15 | Peace Mark Holdings Ltd. | 16 | |||||||
06/2008 | — | Reliance Industries Warrants — 144A | 2 | |||||||
01/2009 | 2 | Rio Tinto Ltd. — Rights | 16 | |||||||
08/2008 – 06/2009 | 30 | Rolls-Royce Group plc | 186 | |||||||
Washington Mutual, Inc. Private | ||||||||||
04/2008 | 46 | Placement | 400 | |||||||
Washington Mutual, Inc. Private | ||||||||||
04/2008 | 6 | Placement Warrants | — |
The accompanying notes are an integral part of these financial statements.
95
Table of Contents
Hartford Global Equity HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
The aggregate value of these securities at June 30, 2009 was $365 which represents 0.44% of total net assets. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
S&P 500 Mini | 9 | Long | Sep 2009 | $ | (4 | ) | ||||||||||
* | The number of contracts does not omit 000’s. |
Cash of $36 was pledged as initial margin deposit for open futures contracts at June 30, 2009.
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Appreciation/ | ||||||||||||||
Description | Value (W) | Amount | Delivery Date | (Depreciation) | ||||||||||||
British Pound (Buy) | $ | 66 | $ | 66 | 07/01/09 | $ | — | |||||||||
British Pound (Buy) | 94 | 94 | 07/02/09 | — | ||||||||||||
British Pound (Sell) | 60 | 60 | 07/06/09 | — | ||||||||||||
Euro (Buy) | 55 | 55 | 07/01/09 | — | ||||||||||||
Euro (Buy) | 27 | 27 | 07/02/09 | — | ||||||||||||
Euro (Sell) | 138 | 138 | 07/01/09 | — | ||||||||||||
Euro (Sell) | 114 | 114 | 07/02/09 | — | ||||||||||||
Euro (Buy) | 104 | 104 | 07/02/09 | — | ||||||||||||
Hong Kong Dollar (Buy) | 20 | 20 | 07/02/09 | — | ||||||||||||
Japanese Yen (Sell) | 6 | 6 | 07/01/09 | — | ||||||||||||
Japanese Yen (Sell) | 79 | 80 | 07/02/09 | 1 | ||||||||||||
Norwegian Krone (Sell) | 24 | 24 | 07/02/09 | — | ||||||||||||
Swiss Franc (Sell) | 25 | 25 | 07/06/09 | — | ||||||||||||
$ | 1 | |||||||||||||||
��
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 0.5 | % | ||
Austria | 0.5 | |||
Belgium | 0.5 | |||
Bermuda | 0.1 | |||
Brazil | 3.3 | |||
Canada | 5.6 | |||
China | 2.0 | |||
Denmark | 0.7 | |||
France | 3.3 | |||
Germany | 2.7 | |||
Greece | 0.1 | |||
Hong Kong | 1.9 | |||
India | 0.7 | |||
Indonesia | 0.1 | |||
Ireland | 0.5 | |||
Israel | 1.3 | |||
Italy | 1.0 | |||
Japan | 3.5 | |||
Luxembourg | 0.7 | |||
Malaysia | 0.1 | |||
Mauritius | 0.1 | |||
Netherlands | 0.8 | |||
Norway | 0.9 | |||
Panama | 0.1 | |||
Russia | 1.3 | |||
Singapore | 0.6 | |||
South Africa | 0.5 | |||
South Korea | 0.6 | |||
Spain | 1.1 | |||
Sweden | 0.8 | |||
Switzerland | 3.1 | |||
Taiwan | 0.5 | |||
Thailand | 0.5 | |||
Turkey | 0.3 | |||
United Kingdom | 8.5 | |||
United States | 49.3 | |||
Short-Term Investments | 1.6 | |||
Other Assets and Liabilities | 0.3 | |||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
96
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 80,141 | $ | 53,326 | $ | 26,811 | $ | 4 | ||||||||
Corporate Bonds: Investment Grade | 8 | — | 8 | — | ||||||||||||
Corporate Bonds: Non-Investment Grade | 5 | — | 5 | — | ||||||||||||
Exchange Traded Funds | 401 | 401 | — | — | ||||||||||||
Preferred Stocks | 281 | 96 | 185 | — | ||||||||||||
Warrants | 150 | 150 | — | — | ||||||||||||
Short-Term Investments | 1,327 | — | 1,327 | — | ||||||||||||
Total | $ | 82,313 | $ | 53,973 | $ | 28,336 | $ | 4 | ||||||||
Other Financial Instruments (Q) | $ | 1 | $ | — | $ | 1 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 4 | $ | 4 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | ||||||||||||||||||||||
December 31, | Realized Gain | Unrealized | and/or Out of | Balance as of | ||||||||||||||||||||
2008 | (Loss) | Appreciation | Net Sales | Level 3 | June 30, 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Common Stock | $ | 17 | $ | (4 | ) | $ | 13 | * | $ | (6 | ) | $ | (16 | ) | $ | 4 | ||||||||
Total | $ | 17 | $ | (4 | ) | $ | 13 | $ | (6 | ) | $ | (16 | ) | $ | 4 | |||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $3. |
The accompanying notes are an integral part of these financial statements.
97
Table of Contents
Hartford Global Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.2% | ||||||||||||
Automobiles & Components — 2.1% | ||||||||||||
159 | Daimler AG | $ | 5,757 | |||||||||
916 | Nissan Motor Co., Ltd. | 5,561 | ||||||||||
11,318 | ||||||||||||
Banks — 3.6% | ||||||||||||
494 | Banco Santander Central Hispano S.A. | 5,969 | ||||||||||
677 | BOC Hong Kong Holdings Ltd. | 1,177 | ||||||||||
374 | Itau Unibanco Banco Multiplo S.A. ADR | 5,922 | ||||||||||
343 | Standard Chartered plc | 6,458 | ||||||||||
19,526 | ||||||||||||
Capital Goods — 12.1% | ||||||||||||
89 | Danaher Corp. | 5,482 | ||||||||||
134 | Deere & Co. | 5,333 | ||||||||||
174 | Illinois Tool Works, Inc. | 6,512 | ||||||||||
113 | Lockheed Martin Corp. | 9,089 | ||||||||||
122 | Parker-Hannifin Corp. | 5,220 | ||||||||||
63 | Precision Castparts Corp. | 4,616 | ||||||||||
112 | Siemens AG | 7,736 | ||||||||||
53 | Smc Corp. | 5,691 | ||||||||||
285 | Sunpower Corp. (D) | 7,598 | ||||||||||
106 | Vestas Wind Systems A/S (D) | 7,595 | ||||||||||
64,872 | ||||||||||||
Consumer Services — 0.9% | ||||||||||||
753 | MGM Mirage, Inc. (D) | 4,814 | ||||||||||
Diversified Financials — 5.4% | ||||||||||||
793 | Bank of America Corp. | 10,472 | ||||||||||
39 | Goldman Sachs Group, Inc. | 5,721 | ||||||||||
179 | JP Morgan Chase & Co. | 6,112 | ||||||||||
165 | Julius Baer Holding Ltd. | 6,404 | ||||||||||
28,709 | ||||||||||||
Energy — 9.5% | ||||||||||||
395 | BG Group plc | 6,654 | ||||||||||
139 | Canadian Natural Resources Ltd. | 7,317 | ||||||||||
77 | EOG Resources, Inc. | 5,230 | ||||||||||
124 | Hess Corp. | 6,638 | ||||||||||
174 | National Oilwell Varco, Inc. (D) | 5,690 | ||||||||||
168 | Petroleo Brasileiro S.A. ADR | 6,885 | ||||||||||
180 | Schlumberger Ltd. | 9,745 | ||||||||||
178 | Seadrill Ltd. | 2,566 | ||||||||||
50,725 | ||||||||||||
Food & Staples Retailing — 2.7% | ||||||||||||
568 | Koninklijke Ahold N.V. | 6,550 | ||||||||||
161 | Metro AG | 7,678 | ||||||||||
14,228 | ||||||||||||
Food, Beverage & Tobacco — 4.3% | ||||||||||||
334 | British American Tobacco plc | 9,216 | ||||||||||
62 | Carlsberg A/S Class B | 3,987 | ||||||||||
273 | Nestle S.A. | 10,299 | ||||||||||
23,502 | ||||||||||||
Health Care Equipment & Services — 4.3% | ||||||||||||
120 | Fresenius Medical Care AG & Co. | 5,397 | ||||||||||
18 | Intuitive Surgical, Inc. (D) | 2,962 | ||||||||||
196 | St. Jude Medical, Inc. (D) | 8,060 | ||||||||||
253 | UnitedHealth Group, Inc. | 6,322 | ||||||||||
22,741 | ||||||||||||
Household & Personal Products — 1.6% | ||||||||||||
190 | Reckitt Benckiser Group plc | 8,658 | ||||||||||
Insurance — 2.5% | ||||||||||||
41 | Muenchener Rueckversicherungs NPV | 5,530 | ||||||||||
575 | Ping An Insurance (Group) Co. | 3,856 | ||||||||||
111 | Prudential Financial, Inc. | 4,139 | ||||||||||
13,525 | ||||||||||||
Materials — 7.4% | ||||||||||||
203 | Barrick Gold Corp. | 6,810 | ||||||||||
404 | BHP Billiton plc | 9,115 | ||||||||||
72 | Monsanto Co. | 5,319 | ||||||||||
74 | Praxair, Inc. | 5,231 | ||||||||||
107 | Shin-Etsu Chemical Co., Ltd. | 4,981 | ||||||||||
737 | Xstrata plc | 8,012 | ||||||||||
39,468 | ||||||||||||
Media — 1.9% | ||||||||||||
396 | Comcast Corp. Class A | 5,738 | ||||||||||
689 | WPP plc | 4,582 | ||||||||||
10,320 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.9% | ||||||||||||
145 | Abbott Laboratories | 6,830 | ||||||||||
106 | Allergan, Inc. | 5,034 | ||||||||||
153 | Amgen, Inc. (D) | 8,084 | ||||||||||
209 | CSL Ltd. | 5,410 | ||||||||||
289 | Daiichi Sankyo Co., Ltd. | 5,153 | ||||||||||
132 | Gilead Sciences, Inc. (D) | 6,178 | ||||||||||
53 | Roche Holding AG | 7,201 | ||||||||||
184 | Teva Pharmaceutical Industries Ltd. ADR | 9,064 | ||||||||||
52,954 | ||||||||||||
Retailing — 5.4% | ||||||||||||
157 | Best Buy Co., Inc. | 5,254 | ||||||||||
348 | Gap, Inc. | 5,702 | ||||||||||
86 | Industria de Diseno Textil S.A. | 4,133 | ||||||||||
90 | Kohl’s Corp. (D) | 3,860 | ||||||||||
1,516 | Li & Fung Ltd. | 4,048 | ||||||||||
298 | Lowe’s Co., Inc. | 5,792 | ||||||||||
28,789 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.6% | ||||||||||||
298 | Altera Corp. | 4,856 | ||||||||||
377 | NVIDIA Corp. (D) | 4,251 | ||||||||||
533 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 5,013 | ||||||||||
14,120 | ||||||||||||
Software & Services — 6.8% | ||||||||||||
19 | Google, Inc. (D) | 8,065 | ||||||||||
686 | Oracle Corp. | 14,688 | ||||||||||
105 | Visa, Inc. | 6,531 | ||||||||||
457 | Western Union Co. | 7,493 | ||||||||||
36,777 | ||||||||||||
Technology Hardware & Equipment — 8.9% | ||||||||||||
59 | Apple, Inc. (D) | 8,446 | ||||||||||
729 | Cisco Systems, Inc. (D) | 13,583 | ||||||||||
157 | Hewlett-Packard Co. | 6,072 | ||||||||||
286 | NetApp, Inc. (D) | 5,638 | ||||||||||
181 | Qualcomm, Inc. | 8,177 | ||||||||||
78 | Research In Motion Ltd. (D) | 5,520 | ||||||||||
47,436 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
98
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — 6.3% | ||||||||||||
227 | American Tower Corp. Class A (D) | $ | 7,152 | |||||||||
818 | MetroPCS Communications, Inc. (D) | 10,886 | ||||||||||
344 | Softbank Corp. | 6,708 | ||||||||||
390 | Telefonica S.A. | 8,854 | ||||||||||
33,600 | ||||||||||||
Total common stocks (cost $537,131) | $ | 526,082 | ||||||||||
�� | ||||||||||||
Total long-term investments (cost $537,131) | $ | 526,082 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.7% | ||||||||||||
Repurchase Agreements — 1.7% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $553, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $564) | ||||||||||||
$ | 553 | 0.09%, 6/30/2009 | $ | 553 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $5,093, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $5,195) | ||||||||||||
5,093 | 0.05%, 6/30/2009 | 5,093 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,281, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,306) | ||||||||||||
1,281 | 0.09%, 6/30/2009 | 1,281 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,919, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,957) | ||||||||||||
1,919 | 0.08%, 6/30/2009 | 1,918 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2) | ||||||||||||
2 | 0.03%, 6/30/2009 | 2 | ||||||||||
8,847 | ||||||||||||
Total short-term investments (cost $8,847) | $ | 8,847 | ||||||||||
Total investments (cost $545,978) (C) | 99.9 | % | $ | 534,929 | ||||||||
Other assets and liabilities | 0.1 | % | 466 | |||||||||
Total net assets | 100.0 | % | $ | 535,395 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 44.2% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $552,486 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 41,174 | ||
Unrealized Depreciation | (58,731 | ) | ||
Net Unrealized Depreciation | $ | (17,557 | ) | |
(D) | Currently non-income producing. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Sell) | $ | 712 | $ | 713 | 07/01/09 | $ | 1 | |||||||||
British Pound (Buy) | 2,675 | 2,684 | 07/01/09 | (9 | ) | |||||||||||
British Pound (Buy) | 1,975 | 1,984 | 07/02/09 | (9 | ) | |||||||||||
Canadian Dollar (Sell) | 196 | 198 | 07/02/09 | 2 | ||||||||||||
Canadian Dollar (Sell) | 662 | 666 | 07/06/09 | 4 | ||||||||||||
Euro (Sell) | 1,763 | 1,767 | 07/01/09 | 4 | ||||||||||||
Euro (Sell) | 2,835 | 2,846 | 07/02/09 | 11 | ||||||||||||
Hong Kong Dollar (Buy) | 1,198 | 1,198 | 07/02/09 | – | ||||||||||||
$ | 4 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.0 | % | ||
Brazil | 2.4 | |||
Canada | 3.6 | |||
China | 0.7 | |||
Denmark | 2.1 | |||
Germany | 6.0 | |||
Hong Kong | 1.0 | |||
Israel | 1.7 | |||
Japan | 5.3 | |||
Netherlands | 1.2 | |||
Norway | 0.5 | |||
Spain | 3.6 | |||
Switzerland | 4.4 | |||
Taiwan | 0.9 | |||
United Kingdom | 9.8 | |||
United States | 54.0 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
99
Table of Contents
Hartford Global Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 526,082 | $ | 335,146 | $ | 190,936 | $ | — | ||||||||
Short-Term Investments | 8,847 | – | 8,847 | — | ||||||||||||
Total | $ | 534,929 | $ | 335,146 | $ | 199,783 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 22 | $ | – | $ | 22 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 18 | $ | – | $ | 18 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
100
Table of Contents
Hartford Global Health HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.6% | ||||||||||||
Biotechnology — 20.1% | ||||||||||||
$ | 121 | 3SBio, Inc. ADR (D) | $ | 1,000 | ||||||||
201 | Amgen, Inc. (D) | 10,636 | ||||||||||
186 | Amylin Pharmaceuticals, Inc. (D) | 2,512 | ||||||||||
364 | Celera Corp. (D) | 2,774 | ||||||||||
40 | Cephalon, Inc. (D) | 2,266 | ||||||||||
19 | Cougar Biotechnology, Inc. (D) | 821 | ||||||||||
454 | Cytokinetics, Inc. (D) | 1,283 | ||||||||||
70 | Genzyme Corp. (D) | 3,886 | ||||||||||
60 | Gilead Sciences, Inc. (D) | 2,815 | ||||||||||
536 | Incyte Corp. (D) | 1,763 | ||||||||||
431 | Ligand Pharmaceuticals Class B (D) | 1,231 | ||||||||||
32 | OSI Pharmaceuticals, Inc. (D) | 895 | ||||||||||
244 | Progenics Pharmaceuticals, Inc. (D) | 1,257 | ||||||||||
87 | Regeneron Pharmaceuticals, Inc. (D) | 1,559 | ||||||||||
171 | Seattle Genetics, Inc. (D) | 1,660 | ||||||||||
86 | Vertex Pharmaceuticals, Inc. (D) | 3,065 | ||||||||||
39,423 | ||||||||||||
Drug Retail — 1.8% | ||||||||||||
124 | Walgreen Co. | 3,632 | ||||||||||
Health Care Distributors — 4.9% | ||||||||||||
153 | Amerisource Bergen Corp. | 2,707 | ||||||||||
122 | Cardinal Health, Inc. | 3,730 | ||||||||||
73 | McKesson Corp. | 3,217 | ||||||||||
9,654 | ||||||||||||
Health Care Equipment — 24.9% | ||||||||||||
101 | Baxter International, Inc. | 5,349 | ||||||||||
68 | Beckman Coulter, Inc. | 3,908 | ||||||||||
40 | Becton, Dickinson & Co. | 2,881 | ||||||||||
122 | China Medical Technologies, Inc. ADR | 2,421 | ||||||||||
194 | Covidien plc | 7,248 | ||||||||||
62 | DiaSorin S.p.A. | 1,545 | ||||||||||
118 | Hospira, Inc. (D) | 4,545 | ||||||||||
272 | Medtronic, Inc. | 9,473 | ||||||||||
91 | St. Jude Medical, Inc. (D) | 3,732 | ||||||||||
140 | Symmetry Medical, Inc. (D) | 1,300 | ||||||||||
21 | Synthes, Inc. | 2,066 | ||||||||||
322 | Volcano Corp. (D) | 4,500 | ||||||||||
48,968 | ||||||||||||
Health Care Facilities — 0.5% | ||||||||||||
19 | Community Health Systems, Inc. (D) | 472 | ||||||||||
99 | Health Management Associates, Inc. Class A (D) | 487 | ||||||||||
959 | ||||||||||||
Health Care Services — 1.0% | ||||||||||||
43 | Fresenius Medical Care AG ADR | 1,912 | ||||||||||
Health Care Supplies — 0.8% | ||||||||||||
41 | Inverness Medical Innovation, Inc. (D) | 1,466 | ||||||||||
Health Care Technology — 0.2% | ||||||||||||
27 | Eclipsys Corp. (D) | 478 | ||||||||||
Life Sciences Tools & Services — 0.5% | ||||||||||||
62 | PAREXEL International Corp. (D) | 886 | ||||||||||
Managed Health Care — 7.4% | ||||||||||||
109 | Coventry Health Care, Inc. (D) | 2,034 | ||||||||||
69 | Health Net, Inc. (D) | 1,077 | ||||||||||
33 | Humana, Inc. (D) | 1,055 | ||||||||||
255 | UnitedHealth Group, Inc. | 6,365 | ||||||||||
78 | Wellpoint, Inc. (D) | 3,949 | ||||||||||
14,480 | ||||||||||||
Pharmaceuticals — 36.5% | ||||||||||||
57 | AstraZeneca plc ADR | 2,503 | ||||||||||
231 | Daiichi Sankyo Co., Ltd. | 4,129 | ||||||||||
107 | Eisai Co., Ltd. | 3,803 | ||||||||||
429 | Elan Corp. plc ADR (D) | 2,732 | ||||||||||
63 | Eli Lilly & Co. | 2,175 | ||||||||||
186 | Forest Laboratories, Inc. (D) | 4,668 | ||||||||||
16 | Ipsen | 718 | ||||||||||
114 | King Pharmaceuticals, Inc. (D) | 1,100 | ||||||||||
1 | Laboratorios Almiral S.A. | 16 | ||||||||||
200 | Medicines Co. (D) | 1,677 | ||||||||||
318 | Merck & Co., Inc. | 8,897 | ||||||||||
921 | Pfizer, Inc. | 13,817 | ||||||||||
14 | Roche Holding AG | 1,891 | ||||||||||
56 | Sanofi-Aventis S.A. ADR | 1,646 | ||||||||||
234 | Schering-Plough Corp. | 5,876 | ||||||||||
296 | Shionogi & Co., Ltd. | 5,719 | ||||||||||
140 | Teva Pharmaceutical Industries Ltd. ADR | 6,927 | ||||||||||
71 | UCB S.A. | 2,268 | ||||||||||
33 | Watson Pharmaceuticals, Inc. (D) | 1,098 | ||||||||||
71,660 | ||||||||||||
Total common stocks (cost $221,435) | $ | 193,518 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Biotechnology — 0.0% | ||||||||||||
48 | Cytokinetics, Inc. (H)(D) | $ | 4 | |||||||||
Total warrants (cost $—) | $ | 4 | ||||||||||
Total long-term investments (cost $221,435) | $ | 193,522 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||||||
Repurchase Agreements — 1.0% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $127, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $130) | ||||||||||||
$ | 127 | 0.09%, 6/30/2009 | $ | 127 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,172, collateralized by FHLMC 4.50% – 6.50%, 2024 – 2039, FNMA 4.00% – 6.50%, 2022 – 2047, GNMA 5.00% – 6.00%, 2034 – 2039, value of $1,195) | ||||||||||||
1,172 | 0.05%, 6/30/2009 | 1,172 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $295, collateralized by FHLMC 5.00% – 7.00%, 2037 – 2038, FNMA 4.50% – 7.50%, 2029 – 2048, value of $300) | ||||||||||||
295 | 0.09%, 6/30/2009 | 295 |
The accompanying notes are an integral part of these financial statements.
101
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $441, collateralized by FNMA 4.50% – 8.00%, 2011 – 2039, value of $450) | ||||||||||||
$ | 441 | 0.08%, 6/30/2009 | $ | 441 | ||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $—, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—) | ||||||||||||
— | 0.03%, 6/30/2009 | — | ||||||||||
2,035 | ||||||||||||
Total short-term investments (cost $2,035) | $ | 2,035 | ||||||||||
Total investments (cost $223,470) (C) | 99.6 | % | $ | 195,557 | ||||||||
Other assets and liabilities | 0.4 | % | 753 | |||||||||
Total net assets | 100.0 | % | $ | 196,310 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 19.8% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $225,835 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 10,784 | ||
Unrealized Depreciation | (41,062 | ) | ||
Net Unrealized Depreciation | $ | (30,278 | ) | |
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | ||||||||||
Acquired | Shares/Par | Security | Cost Basis | |||||||
05/2009 | 48 | Cytokinetics, Inc. Warrants | $ | — |
The aggregate value of these securities at June 30, 2009 was $4 which represents 0.00% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Sell) | $ | 105 | $ | 105 | 07/01/09 | $ | — |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Belgium | 1.2 | % | ||
China | 0.5 | |||
France | 1.2 | |||
Germany | 1.0 | |||
Ireland | 1.4 | |||
Israel | 3.5 | |||
Italy | 0.8 | |||
Japan | 6.9 | |||
Spain | 0.0 | |||
Switzerland | 2.0 | |||
United Kingdom | 1.3 | |||
United States | 78.8 | |||
Short-Term Investments | 1.0 | |||
Other Assets and Liabilities | 0.4 | |||
Total | 100.0 | % | ||
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 193,518 | $ | 171,363 | $ | 22,155 | $ | — | ||||||||
Warrants | 4 | — | 4 | — | ||||||||||||
Short-Term Investments | 2,035 | — | 2,035 | — | ||||||||||||
Total | $ | 195,557 | $ | 171,363 | $ | 24,194 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
102
Table of Contents
Hartford Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.4% | ||||||||||||
Automobiles & Components — 0.2% | ||||||||||||
33 | Johnson Controls, Inc. | $ | 727 | |||||||||
Banks — 2.8% | ||||||||||||
120 | Itau Unibanco Banco Multiplo S.A. ADR | 1,907 | ||||||||||
134 | SunTrust Banks, Inc. | 2,200 | ||||||||||
162 | Wells Fargo & Co. | 3,923 | ||||||||||
8,030 | ||||||||||||
Capital Goods — 14.0% | ||||||||||||
170 | ABB Ltd. ADR | 2,676 | ||||||||||
41 | Caterpillar, Inc. | 1,352 | ||||||||||
62 | Cummins, Inc. | 2,166 | ||||||||||
38 | Deere & Co. | 1,518 | ||||||||||
26 | Eaton Corp. | 1,175 | ||||||||||
38 | Emerson Electric Co. | 1,217 | ||||||||||
44 | Fluor Corp. | 2,252 | ||||||||||
75 | General Dynamics Corp. | 4,161 | ||||||||||
82 | Honeywell International, Inc. | 2,562 | ||||||||||
103 | Illinois Tool Works, Inc. | 3,840 | ||||||||||
41 | Lockheed Martin Corp. | 3,280 | ||||||||||
65 | Precision Castparts Corp. | 4,751 | ||||||||||
87 | Raytheon Co. | 3,863 | ||||||||||
39 | Siemens AG ADR | 2,687 | ||||||||||
41 | Vestas Wind Systems A/S (D) | 2,923 | ||||||||||
40,423 | ||||||||||||
Consumer Durables & Apparel — 2.2% | ||||||||||||
158 | Coach, Inc. | 4,237 | ||||||||||
44 | NIKE, Inc. Class B | 2,256 | ||||||||||
6,493 | ||||||||||||
Consumer Services — 3.5% | ||||||||||||
111 | Apollo Group, Inc. Class A (D) | 7,894 | ||||||||||
23 | ITT Educational Services, Inc. (D) | 2,266 | ||||||||||
10,160 | ||||||||||||
Diversified Financials — 3.5% | ||||||||||||
336 | Bank of America Corp. | 4,441 | ||||||||||
20 | Goldman Sachs Group, Inc. | 2,900 | ||||||||||
104 | Moody’s Corp. | 2,736 | ||||||||||
10,077 | ||||||||||||
Energy — 11.1% | ||||||||||||
56 | Consol Energy, Inc. | 1,885 | ||||||||||
172 | Halliburton Co. | 3,556 | ||||||||||
77 | Hess Corp. | 4,145 | ||||||||||
118 | National Oilwell Varco, Inc. (D) | 3,858 | ||||||||||
86 | Occidental Petroleum Corp. | 5,661 | ||||||||||
52 | Petroleo Brasileiro S.A. ADR | 2,110 | ||||||||||
135 | Schlumberger Ltd. | 7,331 | ||||||||||
47 | Transocean, Inc. (D) | 3,479 | ||||||||||
32,025 | ||||||||||||
Food & Staples Retailing — 0.2% | ||||||||||||
44 | Supervalu, Inc. | 571 | ||||||||||
Health Care Equipment & Services — 3.7% | ||||||||||||
82 | Covidien plc | 3,055 | ||||||||||
133 | St. Jude Medical, Inc. (D) | 5,460 | ||||||||||
97 | UnitedHealth Group, Inc. | 2,433 | ||||||||||
10,948 | ||||||||||||
Insurance — 2.4% | ||||||||||||
70 | AON Corp. | 2,656 | ||||||||||
211 | Marsh & McLennan Cos., Inc. | 4,256 | ||||||||||
6,912 | ||||||||||||
Materials — 2.2% | ||||||||||||
52 | BHP Billiton Ltd. ADR | 2,846 | ||||||||||
20 | Mosaic Co. | 889 | ||||||||||
68 | Newmont Mining Corp. | 2,789 | ||||||||||
6,524 | ||||||||||||
Media — 1.7% | ||||||||||||
77 | DirecTV Group, Inc. (D) | 1,901 | ||||||||||
129 | Viacom, Inc. Class B (D) | 2,938 | ||||||||||
4,839 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 2.4% | ||||||||||||
37 | Abbott Laboratories | 1,718 | ||||||||||
108 | Teva Pharmaceutical Industries Ltd. ADR | 5,353 | ||||||||||
7,071 | ||||||||||||
Retailing — 7.4% | ||||||||||||
118 | Best Buy Co., Inc. | 3,965 | ||||||||||
136 | Lowe’s Co., Inc. | 2,637 | ||||||||||
261 | Staples, Inc. | 5,261 | ||||||||||
100 | Target Corp. | 3,944 | ||||||||||
170 | TJX Cos., Inc. | 5,355 | ||||||||||
21,162 | ||||||||||||
Semiconductors & Semiconductor Equipment — 4.5% | ||||||||||||
210 | Altera Corp. | 3,421 | ||||||||||
139 | Analog Devices, Inc. | 3,442 | ||||||||||
224 | Texas Instruments, Inc. | 4,774 | ||||||||||
67 | Xilinx, Inc. | 1,372 | ||||||||||
13,009 | ||||||||||||
Software & Services — 19.7% | ||||||||||||
159 | Accenture Ltd. Class A | 5,310 | ||||||||||
135 | BMC Software, Inc. (D) | 4,551 | ||||||||||
10 | Google, Inc. (D) | 4,355 | ||||||||||
20 | Mastercard, Inc. | 3,355 | ||||||||||
95 | McAfee, Inc. (D) | 3,991 | ||||||||||
438 | Microsoft Corp. | 10,415 | ||||||||||
10 | Nintendo Co., Ltd. | 2,845 | ||||||||||
531 | Oracle Corp. | 11,370 | ||||||||||
152 | VeriSign, Inc. (D) | 2,806 | ||||||||||
67 | Visa, Inc. | 4,152 | ||||||||||
219 | Western Union Co. | 3,592 | ||||||||||
56,742 | ||||||||||||
Technology Hardware & Equipment — 16.8% | ||||||||||||
57 | Apple, Inc. (D) | 8,129 | ||||||||||
455 | Cisco Systems, Inc. (D) | 8,484 | ||||||||||
246 | Hewlett-Packard Co. | 9,501 | ||||||||||
29 | IBM Corp. | 3,009 | ||||||||||
137 | Juniper Networks, Inc. (D) | 3,245 | ||||||||||
309 | NetApp, Inc. (D) | 6,102 | ||||||||||
155 | Qualcomm, Inc. | 7,013 | ||||||||||
43 | Research In Motion Ltd. (D) | 3,041 | ||||||||||
48,524 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
103
Table of Contents
Hartford Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — 0.1% | ||||||||||||
22 | MetroPCS Communications, Inc. (D) | $ | 288 | |||||||||
Total common stocks (cost $294,902) | $ | 284,525 | ||||||||||
Total long-term investments (cost $294,902) | $ | 284,525 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||||||
Repurchase Agreements — 1.5% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $267, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $273) | ||||||||||||
$ | 267 | 0.09%, 6/30/2009 | $ | 267 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,461, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $2,510) | ||||||||||||
2,461 | 0.05%, 6/30/2009 | 2,461 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $619, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $631) | ||||||||||||
619 | 0.09%, 6/30/2009 | 619 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $927, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $946) | ||||||||||||
927 | 0.08%, 6/30/2009 | 927 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
4,275 | ||||||||||||
Total short-term investments (cost $4,275) | $ | 4,275 | ||||||||||
Total investments (cost $299,177) (C) | 99.9 | % | $ | 288,800 | ||||||||
Other assets and liabilities | 0.1 | % | 153 | |||||||||
Total net assets | 100.0 | % | $ | 288,953 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 9.2% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $305,926 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 20,961 | ||
Unrealized Depreciation | (38,087 | ) | ||
Net Unrealized Depreciation | $ | (17,126 | ) | |
(D) | Currently non-income producing. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Danish Krone (Sell) | $ | 17 | $ | 17 | 07/01/09 | $ | — | |||||||||
Japanese Yen (Sell) | 27 | 27 | 07/01/09 | — | ||||||||||||
$ | — | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 284,525 | $ | 278,757 | $ | 5,768 | $ | — | ||||||||
Short-Term Investments | 4,275 | — | 4,275 | — | ||||||||||||
Total | $ | 288,800 | $ | 278,757 | $ | 10,043 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
104
Table of Contents
Hartford Growth Opportunities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 91.9% | ||||||||||||
Automobiles & Components — 1.1% | ||||||||||||
1,611 | Ford Motor Co. (D) | $ | 9,781 | |||||||||
Banks — 2.6% | ||||||||||||
661 | Itau Unibanco Banco Multiplo S.A. ADR | 10,460 | ||||||||||
534 | Wells Fargo & Co. | 12,948 | ||||||||||
23,408 | ||||||||||||
Capital Goods — 8.2% | ||||||||||||
364 | Aecom Technology Corp. (D) | 11,661 | ||||||||||
45 | First Solar, Inc. (D) | 7,231 | ||||||||||
327 | Illinois Tool Works, Inc. | 12,214 | ||||||||||
1,004 | Masco Corp. | 9,619 | ||||||||||
329 | Pall Corp. | 8,738 | ||||||||||
157 | Parker-Hannifin Corp. | 6,732 | ||||||||||
327 | Tyco International Ltd. | 8,501 | ||||||||||
106 | Vestas Wind Systems A/S (D) | 7,614 | ||||||||||
72,310 | ||||||||||||
Commercial & Professional Services — 0.8% | ||||||||||||
253 | Tetra Tech, Inc. (D) | 7,251 | ||||||||||
Consumer Durables & Apparel — 1.4% | ||||||||||||
670 | Jarden Corp. (D) | 12,555 | ||||||||||
Consumer Services — 1.6% | ||||||||||||
196 | Apollo Group, Inc. Class A (D) | 13,954 | ||||||||||
Diversified Financials — 4.4% | ||||||||||||
965 | Bank of America Corp. | 12,743 | ||||||||||
87 | Deutsche Boerse AG | 6,767 | ||||||||||
63 | Goldman Sachs Group, Inc. | 9,259 | ||||||||||
487 | Nasdaq OMX Group, Inc. (D) | 10,387 | ||||||||||
39,156 | ||||||||||||
Energy — 6.5% | ||||||||||||
97 | Canadian Natural Resources Ltd. ADR | 5,097 | ||||||||||
134 | EnCana Corp. ADR | 6,604 | ||||||||||
114 | EOG Resources, Inc. | 7,709 | ||||||||||
224 | Forest Oil Corp. (D) | 3,344 | ||||||||||
157 | Hess Corp. | 8,423 | ||||||||||
141 | Occidental Petroleum Corp. | 9,299 | ||||||||||
105 | Smith International, Inc. | 2,696 | ||||||||||
333 | Suncor Energy, Inc. ADR | 10,112 | ||||||||||
124 | Ultra Petroleum Corp. (D) | 4,820 | ||||||||||
58,104 | ||||||||||||
Food, Beverage & Tobacco — 3.8% | ||||||||||||
621 | Coca-Cola Enterprises, Inc. | 10,345 | ||||||||||
425 | Dr Pepper Snapple Group (D) | 9,010 | ||||||||||
142 | Fomento Economico Mexicano S.A.B. De C.V. ADR | 4,591 | ||||||||||
223 | Philip Morris International, Inc. | 9,736 | ||||||||||
33,682 | ||||||||||||
Health Care Equipment & Services — 5.6% | ||||||||||||
293 | Covidien plc | 10,951 | ||||||||||
58 | Edwards Lifesciences Corp. (D) | 3,932 | ||||||||||
51 | Intuitive Surgical, Inc. (D) | 8,412 | ||||||||||
218 | Medtronic, Inc. | 7,617 | ||||||||||
254 | St. Jude Medical, Inc. (D) | 10,456 | ||||||||||
334 | UnitedHealth Group, Inc. | 8,353 | ||||||||||
49,721 | ||||||||||||
Insurance — 1.9% | ||||||||||||
125 | ACE Ltd. | 5,546 | ||||||||||
136 | Aflac, Inc. | 4,235 | ||||||||||
332 | Marsh & McLennan Cos., Inc. | 6,677 | ||||||||||
16,458 | ||||||||||||
Materials — 2.3% | ||||||||||||
70 | Agnico Eagle Mines Ltd. | 3,689 | ||||||||||
112 | Goldcorp, Inc. | 3,906 | ||||||||||
90 | Newmont Mining Corp. | 3,658 | ||||||||||
516 | Vale S.A. — SP ADR | 9,102 | ||||||||||
20,355 | ||||||||||||
Media — 1.1% | ||||||||||||
345 | DreamWorks Animation SKG, Inc. (D) | 9,530 | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 10.2% | ||||||||||||
325 | Alkermes, Inc. (D) | 3,513 | ||||||||||
201 | Amgen, Inc. (D) | 10,652 | ||||||||||
397 | Amylin Pharmaceuticals, Inc. (D) | 5,355 | ||||||||||
292 | Auxilium Pharmaceuticals, Inc. (D) | 9,169 | ||||||||||
175 | Cephalon, Inc. (D) | 9,931 | ||||||||||
608 | Daiichi Sankyo Co., Ltd. | 10,851 | ||||||||||
311 | Elan Corp. plc ADR (D) | 1,980 | ||||||||||
889 | Pfizer, Inc. | 13,338 | ||||||||||
479 | Shionogi & Co., Ltd. | 9,261 | ||||||||||
331 | Teva Pharmaceutical Industries Ltd. ADR | 16,331 | ||||||||||
90,381 | ||||||||||||
Retailing — 9.2% | ||||||||||||
302 | Advance Automotive Parts, Inc. | 12,517 | ||||||||||
109 | Amazon.com, Inc. (D) | 9,136 | ||||||||||
466 | Best Buy Co., Inc. | 15,600 | ||||||||||
123 | Dufry Group | 4,706 | ||||||||||
846 | Gap, Inc. | 13,879 | ||||||||||
271 | Kohl’s Corp. (D) | 11,594 | ||||||||||
698 | Staples, Inc. | 14,071 | ||||||||||
81,503 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.9% | ||||||||||||
752 | Marvell Technology Group Ltd. (D) | 8,747 | ||||||||||
805 | Maxim Integrated Products, Inc. | 12,634 | ||||||||||
617 | Texas Instruments, Inc. | 13,151 | ||||||||||
34,532 | ||||||||||||
Software & Services — 13.4% | ||||||||||||
298 | Accenture Ltd. Class A | 9,955 | ||||||||||
445 | Adobe Systems, Inc. (D) | 12,596 | ||||||||||
399 | BMC Software, Inc. (D) | 13,469 | ||||||||||
14 | Google, Inc. (D) | 5,944 | ||||||||||
330 | McAfee, Inc. (D) | 13,931 | ||||||||||
631 | Microsoft Corp. | 14,989 | ||||||||||
747 | Oracle Corp. | 16,001 | ||||||||||
676 | Red Hat, Inc. (D) | 13,616 | ||||||||||
135 | Visa, Inc. | 8,430 | ||||||||||
604 | Western Union Co. | 9,905 | ||||||||||
118,836 | ||||||||||||
Technology Hardware & Equipment — 11.7% | ||||||||||||
155 | Apple, Inc. (D) | 22,034 | ||||||||||
718 | Cisco Systems, Inc. (D) | 13,380 | ||||||||||
253 | Hewlett-Packard Co. | 9,794 | ||||||||||
248 | Hughes Telematics Inc. (D) | 1,428 | ||||||||||
409 | Juniper Networks, Inc. (D) | 9,643 | ||||||||||
1,447 | Motorola, Inc. | 9,593 | ||||||||||
310 | Qualcomm, Inc. | 13,989 |
The accompanying notes are an integral part of these financial statements.
105
Table of Contents
Hartford Growth Opportunities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — (continued) | ||||||||||||
1,325 | Seagate Technology | $ | 13,860 | |||||||||
378 | Western Digital Corp. (D) | 10,020 | ||||||||||
103,741 | ||||||||||||
Telecommunication Services — 1.2% | ||||||||||||
136 | MetroPCS Communications, Inc. (D) | 1,816 | ||||||||||
604 | MTN Group Ltd. | 9,281 | ||||||||||
11,097 | ||||||||||||
Transportation — 1.0% | ||||||||||||
153 | FedEx Corp. | 8,515 | ||||||||||
Total common stocks (cost $819,330) | $ | 814,870 | ||||||||||
PREFERRED STOCKS — 0.4% | ||||||||||||
Technology Hardware & Equipment — 0.4% | ||||||||||||
700 | Hughes Telematics (H)(D)(A) | $ | 3,622 | |||||||||
Total preferred stocks (cost $7,000) | $ | 3,622 | ||||||||||
EXCHANGE TRADED FUNDS — 0.7% | ||||||||||||
Other Investment Pools and Funds — 0.7% | ||||||||||||
68 | S & P 500 Depositary Receipt | $ | 6,251 | |||||||||
Total exchange traded funds (cost $6,037) | $ | 6,251 | ||||||||||
Total long-term investments (cost $832,367) | $ | 824,743 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 2.6% | ||||||||||||
Repurchase Agreements — 2.6% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,422, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $1,450) | ||||||||||||
$ | 1,422 | 0.09%, 6/30/2009 | $ | 1,422 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $13,092, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $13,354) | ||||||||||||
13,092 | 0.05%, 6/30/2009 | 13,092 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,292, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $3,358) | ||||||||||||
3,292 | 0.09%, 6/30/2009 | 3,292 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,932, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $5,030) | ||||||||||||
4,932 | 0.08%, 6/30/2009 | 4,932 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $4) | ||||||||||||
4 | 0.03%, 6/30/2009 | 4 | ||||||||||
22,742 | ||||||||||||
Total short-term investments (cost $22,742) | $ | 22,742 | ||||||||||
Total investments (cost $855,109) (C) | 95.6 | % | $ | 847,485 | ||||||||
Other assets and liabilities | 4.4 | % | 38,803 | |||||||||
Total net assets | 100.0 | % | $ | 886,288 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $874,115 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 70,807 | ||
Unrealized Depreciation | (97,437 | ) | ||
Net Unrealized Depreciation | $ | (26,630 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $3,622, which represents 0.41% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
03/2009 | 700 | Hughes Telematics — Reg D | $ | 7,000 |
The aggregate value of these securities at June 30, 2009 was $3,622 which represents 0.41% of total net assets. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
106
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 814,870 | $ | 766,390 | $ | 48,480 | $ | — | ||||||||
Exchange Traded Funds | 6,251 | 6,251 | — | — | ||||||||||||
Preferred Stocks | 3,622 | — | — | 3,622 | ||||||||||||
Short-Term Investments | 22,742 | — | 22,742 | — | ||||||||||||
Total | $ | 847,485 | $ | 772,641 | $ | 71,222 | $ | 3,622 | ||||||||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Balance as of | ||||||||||||||
December 31, | Unrealized | June 30, | ||||||||||||||
2008 | Depreciation | Net Purchases | 2009 | |||||||||||||
Assets: | ||||||||||||||||
Common Stock | $ | — | $ | (3,378 | )* | $ | 7,000 | $ | 3,622 | |||||||
Total | $ | — | $ | (3,378 | ) | $ | 7,000 | $ | 3,622 | |||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(3,378). |
The accompanying notes are an integral part of these financial statements.
107
Table of Contents
Hartford High Yield HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount (B) | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 0.3% | ||||||||||||
Finance — 0.3% | ||||||||||||
CBA Commercial Small Balance Commercial Mortgage | ||||||||||||
$ | 19,878 | 3.00%, 01/25/2039 (H)► | $ | 1,590 | ||||||||
Soundview NIM Trust | ||||||||||||
2,490 | 8.25%, 12/25/2036 (H)(D) | — | ||||||||||
1,590 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $4,182) | $ | 1,590 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 7.6% | ||||||||||||
Basic Materials — 0.4% | ||||||||||||
�� | Westvaco Corp. | |||||||||||
$ | 2,475 | 8.20%, 01/15/2030 | $ | 2,187 | ||||||||
Consumer Cyclical — 1.5% | ||||||||||||
Masco Corp. | ||||||||||||
3,145 | 7.75%, 08/01/2029 | 2,324 | ||||||||||
Mohawk Industries, Inc. | ||||||||||||
785 | 6.63%, 01/15/2016 | 698 | ||||||||||
Phillips Van-Heusen Corp. | ||||||||||||
3,230 | 7.75%, 11/15/2023 # | 2,495 | ||||||||||
Pulte Homes, Inc. | ||||||||||||
2,900 | 7.88%, 06/15/2032 | 2,146 | ||||||||||
Toll Brothers Finance Corp. | ||||||||||||
1,645 | 6.88%, 11/15/2012 | 1,585 | ||||||||||
9,248 | ||||||||||||
Finance — 3.4% | ||||||||||||
American Real Estate Partners L.P. | ||||||||||||
4,870 | 7.13%, 02/15/2013 | 4,395 | ||||||||||
Asset Repackaging Trust | ||||||||||||
EUR | 3,315 | 9.00%, 12/21/2011 (L) | 4,464 | |||||||||
Citigroup, Inc. | ||||||||||||
5,000 | 8.30%, 12/21/2057 (L) | 3,899 | ||||||||||
Goldman Sachs Capital Trust II | ||||||||||||
6,800 | 5.79%, 06/01/2012 #ª(L) | 4,144 | ||||||||||
Janus Capital Group, Inc. | ||||||||||||
2,600 | 6.95%, 06/15/2017 | 2,271 | ||||||||||
19,173 | ||||||||||||
Technology — 1.5% | ||||||||||||
Qwest Corp. | ||||||||||||
9,660 | 7.25%, 10/15/2035 | 7,003 | ||||||||||
Rogers Communications, Inc. | ||||||||||||
1,830 | 8.00%, 12/15/2012 | 1,885 | ||||||||||
8,888 | ||||||||||||
Transportation — 0.4% | ||||||||||||
American Airlines, Inc. | ||||||||||||
2,400 | 7.86%, 10/01/2011 | 2,250 | ||||||||||
Utilities — 0.4% | ||||||||||||
NiSource Finance Corp. | ||||||||||||
2,150 | 7.88%, 11/15/2010 | 2,221 | ||||||||||
Total corporate bonds: investment grade (cost $42,811) | $ | 43,967 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 81.7% | ||||||||||||
Basic Materials — 7.2% | ||||||||||||
Ashland, Inc. | ||||||||||||
$ | 2,750 | 9.13%, 06/01/2017 (I) | $ | 2,860 | ||||||||
Cenveo, Inc. | ||||||||||||
2,270 | 10.50%, 08/15/2016 (I) | 1,702 | ||||||||||
Crown Americas, Inc. | ||||||||||||
2,950 | 7.63%, 05/15/2017 (I) | 2,847 | ||||||||||
Domtar Corp. | ||||||||||||
2,350 | 10.75%, 06/01/2017 | 2,256 | ||||||||||
Georgia-Pacific LLC | ||||||||||||
3,450 | 7.00%, 01/15/2015 (I) | 3,226 | ||||||||||
2,180 | 8.25%, 05/01/2016 (I) | 2,115 | ||||||||||
1,400 | 9.50%, 12/01/2011 | 1,442 | ||||||||||
Goodyear Tire & Rubber Co. | ||||||||||||
3,900 | 5.01%, 12/01/2009 (L) | 3,861 | ||||||||||
Huntsman International LLC | ||||||||||||
2,975 | 7.38%, 01/01/2015 | 2,335 | ||||||||||
James River Coal Co. | ||||||||||||
2,900 | 9.38%, 06/01/2012 | 2,567 | ||||||||||
Nalco Co. | ||||||||||||
536 | 7.75%, 11/15/2011 | 536 | ||||||||||
Novelis, Inc. | ||||||||||||
1,675 | 7.25%, 02/15/2015 | 1,273 | ||||||||||
Owens-Brockway Glass Container, Inc. | ||||||||||||
2,260 | 8.25%, 05/15/2013 | 2,271 | ||||||||||
Peabody Energy Corp. | ||||||||||||
2,475 | 6.88%, 03/15/2013 | 2,450 | ||||||||||
Potlatch Corp. | ||||||||||||
1,350 | 12.50%, 12/01/2009 (H)(L) | 1,386 | ||||||||||
Solo Cup Co. | ||||||||||||
1,700 | 8.50%, 02/15/2014 | 1,394 | ||||||||||
Steel Dynamics, Inc. | ||||||||||||
2,700 | 8.25%, 04/15/2016 (I) | 2,545 | ||||||||||
Teck Resources Ltd. | ||||||||||||
3,700 | 10.75%, 05/15/2019 (I) | 3,977 | ||||||||||
41,043 | ||||||||||||
Capital Goods — 1.0% | ||||||||||||
L-3 Communications Corp. | ||||||||||||
3,870 | 6.13%, 01/15/2014 | 3,599 | ||||||||||
Transdigm, Inc. | ||||||||||||
2,450 | 7.75%, 07/15/2014 | 2,328 | ||||||||||
5,927 | ||||||||||||
Consumer Cyclical — 9.2% | ||||||||||||
Alliance One International, Inc. | ||||||||||||
2,315 | 8.50%, 05/15/2012 | 2,286 | ||||||||||
Amerigas Partners L.P. | ||||||||||||
1,730 | 7.25%, 05/20/2015 # | 1,622 | ||||||||||
ArvinMeritor, Inc. | ||||||||||||
5,595 | 8.13%, 09/15/2015 | 2,937 | ||||||||||
D.R. Horton, Inc. | ||||||||||||
4,150 | 6.13%, 01/15/2014 | 3,714 | ||||||||||
Dollar General Corp. | ||||||||||||
2,025 | 11.88%, 07/15/2017 | 2,187 | ||||||||||
Dollarama Group L.P. | ||||||||||||
2,280 | 8.88%, 08/15/2012 | 2,206 | ||||||||||
ESCO Corp. | ||||||||||||
3,960 | 8.63%, 12/15/2013 (I) | 3,426 | ||||||||||
Interface, Inc. | ||||||||||||
2,400 | 11.38%, 11/01/2013 (I) | 2,484 | ||||||||||
J.C. Penney Co., Inc. | ||||||||||||
3,375 | 7.63%, 03/01/2097 | 2,261 | ||||||||||
K Hovnanian Enterprises | ||||||||||||
2,600 | 11.50%, 05/01/2013 | 2,249 | ||||||||||
Macys, Inc. | ||||||||||||
7,235 | 6.90%, 04/01/2029 | 5,077 |
The accompanying notes are an integral part of these financial statements.
108
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued) | ||||||||||||
Consumer Cyclical — (continued) | ||||||||||||
New Albertson’s, Inc. | ||||||||||||
$ | 4,950 | 8.00%, 05/01/2031 | $ | 4,244 | ||||||||
Pulte Homes, Inc. | ||||||||||||
4,315 | 7.88%, 08/01/2011 | 4,326 | ||||||||||
Quiksilver, Inc. | ||||||||||||
4,025 | 6.88%, 04/15/2015 | 2,133 | ||||||||||
SGS International, Inc. | ||||||||||||
3,440 | 12.00%, 12/15/2013 | 2,253 | ||||||||||
Stater Brothers Holdings, Inc. | ||||||||||||
2,285 | 8.13%, 06/15/2012 | 2,251 | ||||||||||
Tenneco Automotive, Inc. | ||||||||||||
2,168 | 10.25%, 07/15/2013 | 2,054 | ||||||||||
Toys R Us, Inc. | ||||||||||||
1,850 | 7.88%, 04/15/2013 | 1,545 | ||||||||||
United Components, Inc. | ||||||||||||
5,300 | 9.38%, 06/15/2013 | 3,366 | ||||||||||
52,621 | ||||||||||||
Consumer Staples — 2.5% | ||||||||||||
Appleton Papers, Inc. | ||||||||||||
3,267 | 8.13%, 06/15/2011 | 2,124 | ||||||||||
Constellation Brands, Inc. | ||||||||||||
2,235 | 8.38%, 12/15/2014 | 2,241 | ||||||||||
Dole Food Co., Inc. | ||||||||||||
2,025 | 13.88%, 03/15/2014 (I) | 2,227 | ||||||||||
Johnson Diversey, Inc. | ||||||||||||
900 | 10.67%, 05/15/2013 | 756 | ||||||||||
Smithfield Foods, Inc. | ||||||||||||
2,300 | 10.00%, 07/15/2014 (I) | 2,271 | ||||||||||
SPX Corp. | ||||||||||||
2,350 | 7.63%, 12/15/2014 | 2,268 | ||||||||||
Tyson Foods, Inc. | ||||||||||||
2,575 | 10.50%, 03/01/2014 (I) | 2,794 | ||||||||||
14,681 | ||||||||||||
Energy — 6.4% | ||||||||||||
Bill Barrett Corp. | ||||||||||||
1,375 | 9.88%, 07/15/2016 (E) | 1,309 | ||||||||||
Chesapeake Energy Corp. | ||||||||||||
5,770 | 7.00%, 08/15/2014 | 5,337 | ||||||||||
Ferrellgas Partners L.P. | ||||||||||||
2,435 | 6.75%, 05/01/2014 (I) | 2,106 | ||||||||||
2,635 | 8.75%, 06/15/2012 | 2,451 | ||||||||||
Inergy L.P. | ||||||||||||
1,940 | 8.25%, 03/01/2016 | 1,848 | ||||||||||
1,105 | 8.75%, 03/01/2015 (I) | 1,080 | ||||||||||
Linn Energy LLC | ||||||||||||
2,960 | 11.75%, 05/15/2017 (I) | 2,879 | ||||||||||
Newfield Exploration Co. | ||||||||||||
1,380 | 6.63%, 09/01/2014 | 1,271 | ||||||||||
Opti Canada, Inc. | ||||||||||||
3,350 | 8.25%, 12/15/2014 | 2,211 | ||||||||||
Petrohawk Energy Corp. | ||||||||||||
4,055 | 9.13%, 07/15/2013 | 4,035 | ||||||||||
Plains Exploration & Production Co. | ||||||||||||
3,200 | 10.00%, 03/01/2016 | 3,288 | ||||||||||
Sandridge Energy, Inc. | ||||||||||||
2,300 | 9.88%, 05/15/2016 (I) | 2,219 | ||||||||||
Targa Resources Partners | ||||||||||||
2,700 | 8.25%, 07/01/2016 | 2,288 | ||||||||||
2,075 | 11.25%, 07/15/2017 (I) | 1,971 | ||||||||||
Western Refining, Inc. | ||||||||||||
3,035 | 11.25%, 06/15/2017 (I) | 2,693 | ||||||||||
36,986 | ||||||||||||
Finance — 10.8% | ||||||||||||
American General Finance Corp. | ||||||||||||
4,250 | 5.20%, 12/15/2011 | 2,668 | ||||||||||
4,500 | 5.85%, 06/01/2013 | 2,581 | ||||||||||
Ashtead Capital, Inc. | ||||||||||||
2,700 | 9.00%, 08/15/2016 (I) | 2,288 | ||||||||||
Bank of America Capital II | ||||||||||||
4,100 | 8.00%, 12/15/2026 | 3,403 | ||||||||||
CIT Group, Inc. | ||||||||||||
1,700 | 5.60%, 04/27/2011 | 1,275 | ||||||||||
2,125 | 6.00%, 04/01/2036 | 979 | ||||||||||
3,500 | 7.63%, 11/30/2012 | 2,397 | ||||||||||
Ford Motor Credit Co. | ||||||||||||
7,690 | 12.00%, 05/15/2015 | 7,191 | ||||||||||
GMAC LLC | ||||||||||||
2,400 | 7.00%, 02/01/2012 (I) | 2,035 | ||||||||||
11,400 | 8.00%, 11/01/2031 (I) | 7,980 | ||||||||||
Hertz Corp. | ||||||||||||
1,215 | 8.88%, 01/01/2014 | 1,118 | ||||||||||
Host Hotels & Resorts L.P. | ||||||||||||
2,650 | 9.00%, 05/15/2017 | 2,524 | ||||||||||
Hub International Holdings, Inc. | ||||||||||||
2,876 | 9.00%, 12/15/2014 (I) | 2,347 | ||||||||||
Leucadia National Corp. | ||||||||||||
2,700 | 7.13%, 03/15/2017 | 2,194 | ||||||||||
Liberty Mutual Group, Inc. | ||||||||||||
1,950 | 10.75%, 06/15/2058 (I) | 1,404 | ||||||||||
LPL Holdings, Inc. | ||||||||||||
9,420 | 10.75%, 12/15/2015 (I)# | 8,290 | ||||||||||
NB Capital Trust IV | ||||||||||||
1,000 | 8.25%, 04/15/2027 | 840 | ||||||||||
Rent-A-Center, Inc. | ||||||||||||
748 | 7.50%, 05/01/2010 | 748 | ||||||||||
Starwood Hotels & Resorts | ||||||||||||
2,350 | 7.88%, 10/15/2014 | 2,209 | ||||||||||
Suntrust Preferred Capital | ||||||||||||
4,000 | 5.85%, 12/15/2011 ª | 2,720 | ||||||||||
United Rentals North America, Inc. | ||||||||||||
2,300 | 6.50%, 02/15/2012 | 2,231 | ||||||||||
Yankee Acquisition Corp. | ||||||||||||
3,175 | 8.50%, 02/15/2015 | 2,675 | ||||||||||
62,097 | ||||||||||||
Health Care — 7.3% | ||||||||||||
Biomet, Inc. | ||||||||||||
2,320 | 10.38%, 10/15/2017 | 2,244 | ||||||||||
HCA, Inc. | ||||||||||||
6,900 | 7.88%, 02/01/2011 | 6,788 | ||||||||||
3,550 | 8.36%, 04/15/2024 | 2,344 | ||||||||||
1,905 | 8.50%, 04/15/2019 (I) | 1,867 | ||||||||||
5,105 | 9.25%, 11/15/2016 | 5,028 | ||||||||||
HealthSouth Corp. | ||||||||||||
2,325 | 10.75%, 06/15/2016 | 2,337 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
2,350 | 8.75%, 06/15/2014 # | 2,303 | ||||||||||
Invacare Corp. | ||||||||||||
2,180 | 9.75%, 02/15/2015 | 2,202 | ||||||||||
Inverness Medical Innovation, Inc. | ||||||||||||
2,400 | 9.00%, 05/15/2016 | 2,322 | ||||||||||
Multiplan Corp. | ||||||||||||
3,615 | 10.38%, 04/15/2016 (I) | 3,479 |
The accompanying notes are an integral part of these financial statements.
109
Table of Contents
Hartford High Yield HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued) | ||||||||||||
Health Care — (continued) | ||||||||||||
Psychiatric Solutions, Inc. | ||||||||||||
$ | 2,875 | 7.75%, 07/15/2015 | $ | 2,630 | ||||||||
Reable Therapeutics Finance LLC | ||||||||||||
3,190 | 11.75%, 11/15/2014 | 2,313 | ||||||||||
Rite Aid Corp. | ||||||||||||
1,340 | 6.88%, 12/15/2028 (I) | 523 | ||||||||||
3,570 | 7.70%, 02/15/2027 | 1,446 | ||||||||||
Skilled Healthcare Group, Inc. | ||||||||||||
1,750 | 11.00%, 01/15/2014 | 1,794 | ||||||||||
Warner Chilcott Corp. | ||||||||||||
2,200 | 8.75%, 02/01/2015 | 2,189 | ||||||||||
41,809 | ||||||||||||
Services — 12.8% | ||||||||||||
Affinion Group, Inc. | ||||||||||||
1,705 | 10.13%, 10/15/2013 (I) | 1,577 | ||||||||||
10,405 | 11.50%, 10/15/2015 | 8,896 | ||||||||||
AMC Entertainment, Inc. | ||||||||||||
2,225 | 11.00%, 02/01/2016 | 2,153 | ||||||||||
Ameristar Casinos, Inc. | ||||||||||||
2,360 | 9.25%, 06/01/2014 (I) | 2,407 | ||||||||||
Corrections Corp. of America | ||||||||||||
2,420 | 6.25%, 03/15/2013 | 2,293 | ||||||||||
DirecTV Holdings LLC | ||||||||||||
1,555 | 7.63%, 05/15/2016 | 1,512 | ||||||||||
2,940 | 8.38%, 03/15/2013 | 2,947 | ||||||||||
Echostar DBS Corp. | ||||||||||||
2,990 | 7.75%, 05/31/2015 | 2,848 | ||||||||||
FireKeepers Development Authority | ||||||||||||
3,125 | 13.88%, 05/01/2015 (I) | 2,883 | ||||||||||
First Data Corp. | ||||||||||||
5,450 | 9.88%, 09/24/2015 | 3,869 | ||||||||||
Harland Clarke Holdings | ||||||||||||
3,775 | 9.50%, 05/15/2015 | 2,916 | ||||||||||
Harrah’s Operating Co., Inc. | ||||||||||||
3,820 | 11.25%, 06/01/2017 (I) | 3,610 | ||||||||||
Iron Mountain, Inc. | ||||||||||||
3,220 | 8.00%, 06/15/2020 | 2,995 | ||||||||||
Marquee Holdings, Inc. | ||||||||||||
1,700 | 9.51%, 08/15/2014 | 1,309 | ||||||||||
MGM Mirage, Inc. | ||||||||||||
1,955 | 10.38%, 05/15/2014 (I) | 2,028 | ||||||||||
2,380 | 11.13%, 11/15/2017 (I) | 2,523 | ||||||||||
Pinnacle Entertainment, Inc. | ||||||||||||
2,780 | 8.75%, 10/01/2013 | 2,794 | ||||||||||
Sabre Holdings Corp. | ||||||||||||
2,500 | 8.35%, 03/15/2016 | 1,650 | ||||||||||
Sheridan Group, Inc. | ||||||||||||
3,600 | 10.25%, 08/15/2011 (H) | 2,160 | ||||||||||
Sirius Satellite Radio, Inc. | ||||||||||||
1,735 | 9.63%, 08/01/2013 | 1,279 | ||||||||||
SunGard Data Systems, Inc. | ||||||||||||
3,870 | 10.25%, 08/15/2015 | 3,575 | ||||||||||
TL Acquisitions, Inc. | ||||||||||||
3,760 | 10.50%, 01/15/2015 (I) | 3,046 | ||||||||||
Videotron Ltee | ||||||||||||
3,500 | 9.13%, 04/15/2018 (I) | 3,557 | ||||||||||
Virgin Media, Inc. | ||||||||||||
4,845 | 6.50%, 11/15/2016 (X)(I) | 3,755 | ||||||||||
West Corp. | ||||||||||||
3,720 | 9.50%, 10/15/2014 | 3,255 | ||||||||||
XM Satellite Radio, Inc. | ||||||||||||
1,380 | 11.25%, 06/15/2013 (I) | 1,370 | ||||||||||
73,207 | ||||||||||||
Technology — 15.7% | ||||||||||||
Canwest MediaWorks L.P. | ||||||||||||
4,560 | 9.25%, 08/01/2015 (I) | 456 | ||||||||||
Charter Communications Operating LLC | ||||||||||||
7,485 | 10.00%, 04/30/2012 (I)Ψ | 7,204 | ||||||||||
6,050 | 10.88%, 09/15/2014 (I)Ψ | 6,262 | ||||||||||
Citizens Communications Co. | ||||||||||||
4,720 | 7.88%, 01/15/2027 | 3,776 | ||||||||||
Cricket Communications, Inc. | ||||||||||||
2,030 | 7.75%, 05/15/2016 (I) | 1,954 | ||||||||||
2,035 | 9.38%, 11/01/2014 | 2,005 | ||||||||||
CSC Holdings, Inc. | ||||||||||||
7,535 | 7.63%, 04/01/2011 # | 7,459 | ||||||||||
5,610 | 8.50%, 04/15/2014 (I) | 5,561 | ||||||||||
DaVita, Inc. | ||||||||||||
2,350 | 6.63%, 03/15/2013 | 2,215 | ||||||||||
General Cable Corp. | ||||||||||||
2,800 | 7.13%, 04/01/2017 | 2,541 | ||||||||||
Intelsat Jackson Holdings Ltd. | ||||||||||||
8,745 | 11.50%, 06/15/2016 (I) | 8,570 | ||||||||||
Lender Process Services | ||||||||||||
2,685 | 8.13%, 07/01/2016 | 2,631 | ||||||||||
Level 3 Financing, Inc. | ||||||||||||
8,350 | 12.25%, 03/15/2013 | 7,933 | ||||||||||
Mediacom LLC | ||||||||||||
7,050 | 7.88%, 02/15/2011 | 6,874 | ||||||||||
MetroPCS Wireless, Inc. | ||||||||||||
3,835 | 9.25%, 11/01/2014 | 3,811 | ||||||||||
Seagate Technology International | ||||||||||||
4,370 | 10.00%, 05/01/2014 (I) | 4,506 | ||||||||||
Sprint Capital Corp. | ||||||||||||
5,840 | 8.38%, 03/15/2012 | 5,752 | ||||||||||
6,950 | 8.75%, 03/15/2032 | 5,595 | ||||||||||
Wind Acquisition Finance S.A. | ||||||||||||
2,350 | 10.75%, 12/01/2015 (I) | 2,350 | ||||||||||
Windstream Corp. | ||||||||||||
2,600 | 8.63%, 08/01/2016 | 2,489 | ||||||||||
89,944 | ||||||||||||
Transportation — 1.9% | ||||||||||||
Bristow Group, Inc. | ||||||||||||
2,385 | 7.50%, 09/15/2017 | 2,164 | ||||||||||
Continental Airlines, Inc. | ||||||||||||
1,160 | 6.80%, 08/02/2018 | 847 | ||||||||||
2,032 | 7.03%, 06/15/2011 | 1,545 | ||||||||||
3,458 | 7.37%, 12/15/2015 | 2,455 | ||||||||||
Royal Caribbean Cruises Ltd. | ||||||||||||
665 | 7.25%, 03/15/2018 | 525 | ||||||||||
1,285 | 11.88%, 07/15/2015 | 1,252 | ||||||||||
Ship Finance International Ltd. | ||||||||||||
1,095 | 8.50%, 12/15/2013 | 917 | ||||||||||
United Air Lines, Inc. | ||||||||||||
869 | 7.19%, 04/01/2011 | 856 | ||||||||||
10,561 | ||||||||||||
Utilities — 6.9% | ||||||||||||
AES Corp. | ||||||||||||
4,500 | 9.75%, 04/15/2016 (I) | 4,556 | ||||||||||
Atlas Pipeline Partners L.P. | ||||||||||||
3,100 | 8.13%, 12/15/2015 | 2,216 |
The accompanying notes are an integral part of these financial statements.
110
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
Calpine Construction Finance Co. | ||||||||||||
$ | 2,375 | 8.00%, 06/01/2016 (I) | $ | 2,274 | ||||||||
Dynegy Holdings, Inc. | ||||||||||||
3,425 | 8.38%, 05/01/2016 | 2,903 | ||||||||||
El Paso Corp. | ||||||||||||
3,615 | 7.75%, 01/15/2032 | 2,943 | ||||||||||
1,335 | 7.80%, 08/01/2031 | 1,089 | ||||||||||
Energy Future Holdings | ||||||||||||
5,900 | 10.88%, 11/01/2017 | 4,307 | ||||||||||
Kinder Morgan, Inc. | ||||||||||||
2,280 | 6.50%, 09/01/2012 | 2,229 | ||||||||||
Mirant North America LLC | ||||||||||||
5,200 | 7.38%, 12/31/2013 | 4,992 | ||||||||||
NRG Energy, Inc. | ||||||||||||
5,885 | 7.25%, 02/01/2014 | 5,709 | ||||||||||
2,765 | 7.38%, 01/15/2017 | 2,606 | ||||||||||
Reliant Energy, Inc. | ||||||||||||
1,618 | 9.24%, 07/02/2017 | 1,553 | ||||||||||
RRI Energy, Inc. | ||||||||||||
2,343 | 6.75%, 12/15/2014 | 2,258 | ||||||||||
39,635 | ||||||||||||
Total corporate bonds: non-investment grade (cost $472,171) | $ | 468,511 | ||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — 8.8% | ||||||||||||
Consumer Cyclical — 1.7% | ||||||||||||
Hanesbrands, Inc. | ||||||||||||
$ | 2,290 | 5.80%, 09/05/2011 (N) | $ | 2,272 | ||||||||
Lear Corp. | ||||||||||||
11,064 | 3.09%, 04/25/2012 (N)(E) | 7,561 | ||||||||||
9,833 | ||||||||||||
Consumer Staples — 0.4% | ||||||||||||
WM Wrigley Jr. Co. | ||||||||||||
2,238 | 6.50%, 10/06/2014 (N) | 2,246 | ||||||||||
Energy — 0.6% | ||||||||||||
Lyondell Chemical Co. | ||||||||||||
1,350 | 1.50%, 12/15/2009 (N)(E) | 1,388 | ||||||||||
Turbo Beta Ltd. | ||||||||||||
3,272 | 14.50%, 03/12/2018 (N)(H)(A) | 1,963 | ||||||||||
3,351 | ||||||||||||
Health Care — 1.8% | ||||||||||||
Fresenius SE, Term Loan B | ||||||||||||
2,118 | 6.75%, 10/01/2014 (N)(E) | 2,125 | ||||||||||
Fresenius SE, Term Loan B2 | ||||||||||||
1,304 | 6.75%, 10/01/2014 (N)(E) | 1,307 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
5,631 | 6.29%, 06/13/2014 (N) | 4,336 | ||||||||||
Life Technologies Corp. | ||||||||||||
2,323 | 5.25%, 11/23/2015 (N) | 2,331 | ||||||||||
10,099 | ||||||||||||
Services — 2.5% | ||||||||||||
Marquee Holdings, Inc. | ||||||||||||
7,243 | 6.32%, 06/13/2012 (N)(E) | 5,758 | ||||||||||
Venetian Macau Ltd. | ||||||||||||
920 | 2.85%, 05/25/2012 (N) | 778 | ||||||||||
Venetian Macau Ltd., Incremental Term Loan B | ||||||||||||
625 | 2.85%, 05/25/2013 (N) | 528 | ||||||||||
Venetian Macau Ltd., Term Loan | ||||||||||||
1,592 | 2.85%, 05/25/2013 (N) | 1,347 | ||||||||||
WideOpenWest Finance LLC | ||||||||||||
5,380 | 7.32%, 06/29/2015 (N)(E) | 2,851 | ||||||||||
Yonkers Racing Corp. | ||||||||||||
3,393 | 10.50%, 08/12/2011 (N) | 3,385 | ||||||||||
14,647 | ||||||||||||
Technology — 1.8% | ||||||||||||
Freescale Semiconductor, Inc. | ||||||||||||
3,276 | 12.50%, 12/15/2014 (N) | 2,834 | ||||||||||
Infor Lux Bond Co. | ||||||||||||
5,517 | 8.31%, 09/02/2014 (N)(E) | 593 | ||||||||||
Level 3 Communications Corp. | ||||||||||||
1,485 | 11.50%, 03/31/2014 (N) | 1,522 | ||||||||||
Mediacom Broadband LLC | ||||||||||||
447 | 1.80%, 03/31/2010 (N) | 438 | ||||||||||
Wind Acquisitions Holdings Finance S.A. | ||||||||||||
4,731 | 8.36%, 12/12/2011 (N) | 4,749 | ||||||||||
10,136 | ||||||||||||
Total senior floating rate interests: non-investment grade (cost $57288) | $ | 50,312 | ||||||||||
Shares | ||||||||||||
PREFERRED STOCKS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
148 | Federal National Mortgage Association | $ | 198 | |||||||||
Total preferred stocks (cost $1,902) | $ | 198 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Telecommunication Services — 0.0% | ||||||||||||
— | AboveNet, Inc. (H)(D) | $ | 14 | |||||||||
Total warrants (cost $ — ) | $ | 14 | ||||||||||
Total long-term investments (cost $578,354) | $ | 564,592 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||||||
Investment Pools and Funds — 0.8% | ||||||||||||
$ | 4,683 | JP Morgan U.S. Government Money Market Fund | $ | 4,683 | ||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
1 | Wells Fargo Advantage Government Money Market Fund | 1 | ||||||||||
4,684 | ||||||||||||
U.S. Treasury Bills — 0.2% | ||||||||||||
1,005 | 0.13%, 7/16/2009 (M) | 1,005 | ||||||||||
Total short-term investments (cost $5,689) | $ | 5,689 | ||||||||||
Total investments (cost $584,043) (C) | 99.4 | % | $ | 570,281 | ||||||||
Other assets and liabilities | 0.6 | % | 3,364 | |||||||||
Total net assets | 100.0 | % | $ | 573,645 | ||||||||
The accompanying notes are an integral part of these financial statements.
111
Table of Contents
Hartford High Yield HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 4.7% of total net assets at June 30, 2009. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $587,787 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 18,090 | ||
Unrealized Depreciation | (35,596 | ) | ||
Net Unrealized Depreciation | $ | (17,506 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $1,963, which represents 0.34% of total net assets. | |
(D) | Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $146,084, which represents 25.47% of total net assets. | |
ª | Perpetual maturity security. Maturity date shown is the first call date. | |
(X) | Convertible security. | |
► | The interest rates disclosed for interest only strips represent effective yields based upon estimated future cash flows at June 30, 2009. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(E) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $9,557. | |
(N) | The interest rate disclosed for these securities represents the average coupon as of June 30, 2009. | |
Ψ | The company is in bankruptcy. The investment held by the Fund is current with respect to interest payments. | |
(B) | All principal amounts are in U.S. dollars unless otherwise indicated. | |
EUR — EURO | ||
(V) | Senior loans in which the Fund invests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one or more major United States Banks, or (iii) the bank’s certificate of deposit rate. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. The interest rate indicated is the rate in effect at June 30, 2009. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | ||||||||||
Acquired | Shares/Par | Security | Cost Basis | |||||||
09/2007 – 03/2008 | — | AboveNet, Inc. Warrants | $ | — | ||||||
11/2006 – 10/2007 | $ | 19,878 | CBA Commercial Small Balance Commercial Mortgage, 3.00%, 01/25/2039 - 144A | 1,708 | ||||||
05/2001 – 11/2001 | $ | 1,350 | Potlatch Corp., 12.50%, 12/01/2009 | 1,338 | ||||||
06/2005 – 02/2006 | $ | 3,600 | Sheridan Group, Inc., 10.25%, 08/15/2011 | 3,677 | ||||||
02/2007 | $ | 2,490 | Soundview NIM Trust, 8.25%, 12/25/2036 - 144A | 2,474 | ||||||
06/2008 – 05/2009 | $ | 3,272 | Turbo Beta Ltd., 14.50%, 03/12/2018 | 3,272 |
The aggregate value of these securities at June 30, 2009 was $7,113 which represents 1.24% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Sell) | $ | 5,227 | $ | 5,001 | 08/27/09 | $ | (226 | ) | ||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
112
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 1,590 | $ | — | $ | — | $ | 1,590 | ||||||||
Corporate Bonds: Investment Grade | 43,967 | — | 37,253 | 6,714 | ||||||||||||
Corporate Bonds: Non-Investment Grade | 468,511 | — | 462,808 | 5,703 | ||||||||||||
Preferred Stocks | 198 | 198 | — | — | ||||||||||||
Senior Floating Rate Interests: Non-Investment Grade | 50,312 | — | 48,349 | 1,963 | ||||||||||||
Warrants | 14 | — | 14 | — | ||||||||||||
Short-Term Investments | 5,689 | 4,684 | 1,005 | — | ||||||||||||
Total | $ | 570,281 | $ | 4,882 | $ | 549,429 | $ | 15,970 | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 226 | $ | — | $ | 226 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. | |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value: |
Change in | ||||||||||||||||||||||||
Balance as of | Unrealized | Transfers In | Balance as of | |||||||||||||||||||||
December 31, | Realized Gain | Appreciation | and/or Out of | June 30, | ||||||||||||||||||||
2008 | (Loss) | (Depreciation) | Net Purchases | Level 3 | 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | 2,041 | (131 | ) | (320 | )* | — | — | 1,590 | ||||||||||||||||
Corporate Bonds and Senior Floating Rate Interests | 10,652 | (90 | ) | 2,792 | (A) | 6,363 | (5,337 | ) | 14,380 | |||||||||||||||
Total | $ | 12,693 | $ | (221 | ) | $ | 2,472 | $ | 6,363 | $ | (5,337 | ) | $ | 15,970 | ||||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(318). | |
† | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,513. |
The accompanying notes are an integral part of these financial statements.
113
Table of Contents
Hartford Index HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.5% | ||||||||||||
Automobiles & Components — 0.5% | ||||||||||||
330 | Ford Motor Co. (D) | $ | 2,004 | |||||||||
25 | Goodyear Tire & Rubber Co. (D) | 279 | ||||||||||
24 | Harley-Davidson, Inc. | 390 | ||||||||||
61 | Johnson Controls, Inc. | 1,325 | ||||||||||
3,998 | ||||||||||||
Banks — 2.8% | ||||||||||||
66 | BB&T Corp. | 1,458 | ||||||||||
16 | Comerica, Inc. | 328 | ||||||||||
75 | Fifth Third Bankcorp | 535 | ||||||||||
22 | First Horizon National Corp. | 264 | ||||||||||
53 | Hudson City Bancorp, Inc. | 710 | ||||||||||
56 | Huntington Bancshares, Inc. | 233 | ||||||||||
73 | Keycorp | 381 | ||||||||||
8 | M&T Bank Corp. | 426 | ||||||||||
36 | Marshall & Ilsley Corp. | 174 | ||||||||||
36 | People’s United Financial, Inc. | 537 | ||||||||||
47 | PNC Financial Services Group, Inc. | 1,833 | ||||||||||
119 | Regions Financial Corp. | 479 | ||||||||||
48 | SunTrust Banks, Inc. | 785 | ||||||||||
195 | US Bancorp | 3,489 | ||||||||||
478 | Wells Fargo & Co. | 11,591 | ||||||||||
12 | Zion Bancorp | 137 | ||||||||||
23,360 | ||||||||||||
Capital Goods — 6.9% | ||||||||||||
71 | 3M Co. | 4,282 | ||||||||||
75 | Boeing Co. | 3,166 | ||||||||||
62 | Caterpillar, Inc. | 2,038 | ||||||||||
17 | Cooper Industries Ltd. | 531 | ||||||||||
21 | Cummins, Inc. | 727 | ||||||||||
26 | Danaher Corp. | 1,613 | ||||||||||
43 | Deere & Co. | 1,733 | ||||||||||
19 | Dover Corp. | 632 | ||||||||||
17 | Eaton Corp. | 758 | ||||||||||
77 | Emerson Electric Co. | 2,499 | ||||||||||
13 | Fastenal Co. | 441 | ||||||||||
6 | Flowserve Corp. | 398 | ||||||||||
18 | Fluor Corp. | 945 | ||||||||||
40 | General Dynamics Corp. | 2,191 | ||||||||||
1,087 | General Electric Co. | 12,734 | ||||||||||
13 | Goodrich Corp. | 634 | ||||||||||
76 | Honeywell International, Inc. | 2,396 | ||||||||||
39 | Illinois Tool Works, Inc. | 1,473 | ||||||||||
19 | ITT Corp. | 830 | ||||||||||
13 | Jacobs Engineering Group, Inc. (D) | 532 | ||||||||||
12 | L-3 Communications Holdings, Inc. | 831 | ||||||||||
34 | Lockheed Martin Corp. | 2,705 | ||||||||||
13 | Manitowoc Co., Inc. | 70 | ||||||||||
37 | Masco Corp. | 353 | ||||||||||
33 | Northrop Grumman Corp. | 1,514 | ||||||||||
37 | PACCAR, Inc. | 1,211 | ||||||||||
12 | Pall Corp. | 321 | ||||||||||
16 | Parker-Hannifin Corp. | 708 | ||||||||||
14 | Precision Castparts Corp. | 1,050 | ||||||||||
20 | Quanta Services, Inc. (D) | 463 | ||||||||||
40 | Raytheon Co. | 1,795 | ||||||||||
15 | Rockwell Automation, Inc. | 466 | ||||||||||
16 | Rockwell Collins, Inc. | 677 | ||||||||||
28 | Textron, Inc. | 267 | ||||||||||
97 | United Technologies Corp. | 5,020 | ||||||||||
6 | W.W. Grainger, Inc. | 525 | ||||||||||
58,529 | ||||||||||||
Commercial & Professional Services — 0.7% | ||||||||||||
12 | Avery Dennison Corp. | 296 | ||||||||||
13 | Cintas Corp. | 308 | ||||||||||
6 | Dun & Bradstreet Corp. | 447 | ||||||||||
13 | Equifax, Inc. (D) | 338 | ||||||||||
19 | Iron Mountain, Inc. (D) | 532 | ||||||||||
13 | Monster Worldwide, Inc. (D) | 153 | ||||||||||
21 | Pitney Bowes, Inc. | 464 | ||||||||||
21 | R.R. Donnelley & Sons Co. | 245 | ||||||||||
33 | Republic Services, Inc. | 806 | ||||||||||
16 | Robert Half International, Inc. | 371 | ||||||||||
9 | Stericycle, Inc. (D) | 448 | ||||||||||
50 | Waste Management, Inc. | 1,421 | ||||||||||
5,829 | ||||||||||||
Consumer Durables & Apparel — 1.0% | ||||||||||||
6 | Black & Decker Corp. | 177 | ||||||||||
13 | Centex Corp. | 108 | ||||||||||
33 | Coach, Inc. | 875 | ||||||||||
28 | D.R. Horton, Inc. | 265 | ||||||||||
28 | Eastman Kodak Co. | 82 | ||||||||||
15 | Fortune Brands, Inc. | 535 | ||||||||||
7 | Harman International Industries, Inc. | 133 | ||||||||||
13 | Hasbro, Inc. | 309 | ||||||||||
8 | KB Home | 103 | ||||||||||
16 | Leggett & Platt, Inc. | 245 | ||||||||||
15 | Lennar Corp. | 141 | ||||||||||
37 | Mattel, Inc. | 590 | ||||||||||
29 | Newell Rubbermaid, Inc. | 297 | ||||||||||
40 | NIKE, Inc. Class B | 2,061 | ||||||||||
6 | Polo Ralph Lauren Corp. | 311 | ||||||||||
22 | Pulte Homes, Inc. | 195 | ||||||||||
6 | Snap-On, Inc. | 171 | ||||||||||
8 | Stanley Works | 273 | ||||||||||
9 | V.F. Corp. | 501 | ||||||||||
8 | Whirlpool Corp. | 323 | ||||||||||
7,695 | ||||||||||||
Consumer Services — 1.7% | ||||||||||||
11 | Apollo Group, Inc. Class A (D) | 789 | ||||||||||
45 | Carnival Corp. | 1,158 | ||||||||||
14 | Darden Restaurants, Inc. | 462 | ||||||||||
6 | DeVry, Inc. | 315 | ||||||||||
35 | H & R Block, Inc. | 600 | ||||||||||
30 | International Game Technology | 483 | ||||||||||
30 | Marriott International, Inc. Class A | 672 | ||||||||||
113 | McDonald’s Corp. | 6,507 | ||||||||||
76 | Starbucks Corp. (D) | 1,049 | ||||||||||
19 | Starwood Hotels & Resorts | 426 | ||||||||||
18 | Wyndham Worldwide Corp. | 221 | ||||||||||
7 | Wynn Resorts Ltd. (D) | 244 | ||||||||||
47 | Yum! Brands, Inc. | 1,579 | ||||||||||
14,505 | ||||||||||||
Diversified Financials — 7.3% | ||||||||||||
122 | American Express Co. | 2,831 | ||||||||||
26 | Ameriprise Financial, Inc. | 635 | ||||||||||
830 | Bank of America Corp. | 10,954 | ||||||||||
123 | Bank of New York Mellon Corp. | 3,595 | ||||||||||
46 | Capital One Financial Corp. | 1,015 | ||||||||||
96 | Charles Schwab Corp. | 1,690 | ||||||||||
40 | CIT Group, Inc. | 86 | ||||||||||
566 | Citigroup, Inc. | 1,680 | ||||||||||
7 | CME Group, Inc. | 2,107 | ||||||||||
49 | Discover Financial Services, Inc. | 506 | ||||||||||
103 | E*Trade Financial Corp. (D) | 132 |
The accompanying notes are an integral part of these financial statements.
114
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Diversified Financials — (continued) | ||||||||||||
9 | Federated Investors, Inc. | $ | 221 | |||||||||
16 | Franklin Resources, Inc. | 1,116 | ||||||||||
52 | Goldman Sachs Group, Inc. | 7,622 | ||||||||||
8 | IntercontinentalExchange, Inc. (D) | 859 | ||||||||||
42 | Invesco Ltd. | 752 | ||||||||||
17 | Janus Capital Group, Inc. | 189 | ||||||||||
400 | JP Morgan Chase & Co. | 13,654 | ||||||||||
15 | Legg Mason, Inc. | 358 | ||||||||||
19 | Leucadia National Corp. | 393 | ||||||||||
20 | Moody’s Corp. | 516 | ||||||||||
139 | Morgan Stanley | 3,954 | ||||||||||
14 | Nasdaq OMX Group, Inc. (D) | 300 | ||||||||||
25 | Northern Trust Corp. | 1,327 | ||||||||||
27 | NYSE Euronext | 727 | ||||||||||
48 | SLM Corp. (D) | 492 | ||||||||||
51 | State Street Corp. | 2,391 | ||||||||||
26 | T. Rowe Price Group, Inc. | 1,093 | ||||||||||
61,195 | ||||||||||||
Energy — 12.3% | ||||||||||||
51 | Anadarko Petroleum Corp. | 2,326 | ||||||||||
34 | Apache Corp. | 2,478 | ||||||||||
32 | Baker Hughes, Inc. | 1,158 | ||||||||||
30 | BJ Services Co. | 408 | ||||||||||
11 | Cabot Oil & Gas Corp. | 325 | ||||||||||
22 | Cameron International Corp. (D) | 629 | ||||||||||
58 | Chesapeake Energy Corp. | 1,148 | ||||||||||
206 | Chevron Corp. | 13,624 | ||||||||||
152 | ConocoPhillips Holding Co. | 6,392 | ||||||||||
19 | Consol Energy, Inc. | 630 | ||||||||||
26 | Denbury Resources, Inc. (D) | 376 | ||||||||||
46 | Devon Energy Corp. | 2,484 | ||||||||||
7 | Diamond Offshore Drilling, Inc. | 590 | ||||||||||
72 | El Paso Corp. | 664 | ||||||||||
15 | ENSCO International, Inc. | 508 | ||||||||||
26 | EOG Resources, Inc. | 1,746 | ||||||||||
501 | Exxon Mobil Corp. | 35,000 | ||||||||||
13 | FMC Technologies, Inc. (D) | 477 | ||||||||||
92 | Halliburton Co. | 1,905 | ||||||||||
29 | Hess Corp. | 1,569 | ||||||||||
73 | Marathon Oil Corp. | 2,188 | ||||||||||
9 | Massey Energy Co. | 172 | ||||||||||
20 | Murphy Oil Corp. | 1,062 | ||||||||||
29 | Nabors Industries Ltd. (D) | 452 | ||||||||||
43 | National Oilwell Varco, Inc. (D) | 1,400 | ||||||||||
18 | Noble Energy, Inc. | 1,048 | ||||||||||
83 | Occidental Petroleum Corp. | 5,476 | ||||||||||
27 | Peabody Energy Corp. | 827 | ||||||||||
12 | Pioneer Natural Resources Co. | 298 | ||||||||||
16 | Range Resources Corp. | 667 | ||||||||||
12 | Rowan Companies, Inc. | 224 | ||||||||||
123 | Schlumberger Ltd. | 6,644 | ||||||||||
22 | Smith International, Inc. | 579 | ||||||||||
35 | Southwestern Energy Co. (D) | 1,371 | ||||||||||
66 | Spectra Energy Corp. | 1,119 | ||||||||||
12 | Sunoco, Inc. | 278 | ||||||||||
14 | Tesoro Corp. | 181 | ||||||||||
57 | Valero Energy Corp. | 963 | ||||||||||
60 | Williams Cos., Inc. | 929 | ||||||||||
59 | XTO Energy, Inc. | 2,269 | ||||||||||
102,584 | ||||||||||||
Food & Staples Retailing — 3.0% | ||||||||||||
45 | Costco Wholesale Corp. | 2,034 | ||||||||||
149 | CVS/Caremark Corp. | 4,762 | ||||||||||
67 | Kroger Co. | 1,475 | ||||||||||
44 | Safeway, Inc. | 890 | ||||||||||
22 | Supervalu, Inc. | 281 | ||||||||||
61 | Sysco Corp. | 1,361 | ||||||||||
102 | Walgreen Co. | 2,991 | ||||||||||
229 | Wal-Mart Stores, Inc. | 11,093 | ||||||||||
14 | Whole Foods Market, Inc. | 274 | ||||||||||
25,161 | ||||||||||||
Food, Beverage & Tobacco — 6.0% | ||||||||||||
212 | Altria Group, Inc. | 3,478 | ||||||||||
66 | Archer Daniels Midland Co. | 1,763 | ||||||||||
10 | Brown-Forman Corp. | 432 | ||||||||||
20 | Campbell Soup Co. | 602 | ||||||||||
204 | Coca-Cola Co. | 9,803 | ||||||||||
33 | Coca-Cola Enterprises, Inc. | 542 | ||||||||||
46 | ConAgra Foods, Inc. | 875 | ||||||||||
20 | Constellation Brands, Inc. Class A (D) | 255 | ||||||||||
18 | Dean Foods Co. (D) | 349 | ||||||||||
26 | Dr Pepper Snapple Group (D) | 551 | ||||||||||
34 | General Mills, Inc. | 1,888 | ||||||||||
32 | H.J. Heinz Co. | 1,152 | ||||||||||
17 | Hershey Co. | 613 | ||||||||||
7 | Hormel Foods Corp. | 249 | ||||||||||
12 | J.M. Smucker Co. | 594 | ||||||||||
26 | Kellogg Co. | 1,209 | ||||||||||
151 | Kraft Foods, Inc. | 3,830 | ||||||||||
17 | Lorillard, Inc. | 1,169 | ||||||||||
13 | McCormick & Co., Inc. | 434 | ||||||||||
15 | Molson Coors Brewing Co. | 648 | ||||||||||
14 | Pepsi Bottling Group, Inc. | 473 | ||||||||||
160 | PepsiCo, Inc. | 8,780 | ||||||||||
201 | Philip Morris International, Inc. | 8,780 | ||||||||||
17 | Reynolds American, Inc. | 672 | ||||||||||
71 | Sara Lee Corp. | 697 | ||||||||||
31 | Tyson Foods, Inc. Class A | 391 | ||||||||||
50,229 | ||||||||||||
Health Care Equipment & Services — 4.1% | ||||||||||||
46 | Aetna, Inc. | 1,148 | ||||||||||
31 | Amerisource Bergen Corp. | 550 | ||||||||||
10 | Bard (C.R.), Inc. | 759 | ||||||||||
62 | Baxter International, Inc. | 3,287 | ||||||||||
25 | Becton, Dickinson & Co. | 1,751 | ||||||||||
155 | Boston Scientific Corp. (D) | 1,567 | ||||||||||
37 | Cardinal Health, Inc. | 1,128 | ||||||||||
28 | CIGNA Corp. | 675 | ||||||||||
15 | Coventry Health Care, Inc. (D) | 284 | ||||||||||
11 | DaVita, Inc. (D) | 524 | ||||||||||
15 | Dentsply International, Inc. | 464 | ||||||||||
28 | Express Scripts, Inc. (D) | 1,912 | ||||||||||
16 | Hospira, Inc. (D) | 635 | ||||||||||
17 | Humana, Inc. (D) | 560 | ||||||||||
19 | IMS Health, Inc. | 237 | ||||||||||
4 | Intuitive Surgical, Inc. (D) | 638 | ||||||||||
11 | Laboratory Corp. of America Holdings (D) | 754 | ||||||||||
28 | McKesson Corp. | 1,225 | ||||||||||
50 | Medco Health Solutions, Inc. (D) | 2,260 | ||||||||||
115 | Medtronic, Inc. | 4,002 | ||||||||||
9 | Patterson Cos., Inc. (D) | 204 | ||||||||||
15 | Quest Diagnostics, Inc. | 869 | ||||||||||
36 | St. Jude Medical, Inc. (D) | 1,462 | ||||||||||
24 | Stryker Corp. | 972 |
The accompanying notes are an integral part of these financial statements.
115
Table of Contents
Hartford Index HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Health Care Equipment & Services — (continued) | ||||||||||||
43 | Tenet Healthcare Corp. (D) | $ | 121 | |||||||||
122 | UnitedHealth Group, Inc. | 3,050 | ||||||||||
13 | Varian Medical Systems, Inc. (D) | 452 | ||||||||||
50 | Wellpoint, Inc. (D) | 2,531 | ||||||||||
22 | Zimmer Holdings, Inc. (D) | 942 | ||||||||||
34,963 | ||||||||||||
Household & Personal Products — 2.8% | ||||||||||||
44 | Avon Products, Inc. | 1,130 | ||||||||||
14 | Clorox Co. | 796 | ||||||||||
51 | Colgate-Palmolive Co. | 3,623 | ||||||||||
12 | Estee Lauder Co., Inc. | 387 | ||||||||||
43 | Kimberly-Clark Corp. | 2,231 | ||||||||||
299 | Procter & Gamble Co. | 15,285 | ||||||||||
23,452 | ||||||||||||
Insurance — 2.3% | ||||||||||||
49 | Aflac, Inc. | 1,529 | ||||||||||
56 | Allstate Corp. | 1,371 | ||||||||||
282 | American International Group, Inc. | 327 | ||||||||||
28 | AON Corp. | 1,076 | ||||||||||
12 | Assurant, Inc. | 298 | ||||||||||
37 | Chubb Corp. | 1,472 | ||||||||||
17 | Cincinnati Financial Corp. | 382 | ||||||||||
45 | Genworth Financial, Inc. | 317 | ||||||||||
31 | Lincoln National Corp. | 536 | ||||||||||
38 | Loews Corp. | 1,038 | ||||||||||
54 | Marsh & McLennan Cos., Inc. | 1,078 | ||||||||||
18 | MBIA, Inc. (D) | 78 | ||||||||||
86 | Metlife, Inc. | 2,585 | ||||||||||
33 | Principal Financial Group, Inc. | 616 | ||||||||||
71 | Progressive Corp. | 1,078 | ||||||||||
49 | Prudential Financial, Inc. | 1,813 | ||||||||||
9 | Torchmark Corp. | 321 | ||||||||||
61 | Travelers Cos., Inc. | 2,518 | ||||||||||
35 | Unum Group | 553 | ||||||||||
36 | XL Capital Ltd. Class A | 411 | ||||||||||
19,397 | ||||||||||||
Materials — 3.2% | ||||||||||||
22 | Air Products and Chemicals, Inc. | 1,392 | ||||||||||
11 | AK Steel Holding Corp. | 215 | ||||||||||
100 | Alcoa, Inc. | 1,032 | ||||||||||
10 | Allegheny Technologies, Inc. | 352 | ||||||||||
10 | Ball Corp. | 435 | ||||||||||
10 | Bemis Co., Inc. | 259 | ||||||||||
5 | CF Industries Holdings, Inc. | 371 | ||||||||||
110 | Dow Chemical Co. | 1,782 | ||||||||||
93 | E.I. DuPont de Nemours & Co. | 2,376 | ||||||||||
7 | Eastman Chemical Co. | 282 | ||||||||||
17 | Ecolab, Inc. | 671 | ||||||||||
42 | Freeport-McMoRan Copper & Gold, Inc. | 2,119 | ||||||||||
8 | International Flavors & Fragrances, Inc. | 265 | ||||||||||
44 | International Paper Co. | 671 | ||||||||||
18 | MeadWestvaco Corp. | 288 | ||||||||||
56 | Monsanto Co. | 4,160 | ||||||||||
50 | Newmont Mining Corp. | 2,054 | ||||||||||
32 | Nucor Corp. | 1,434 | ||||||||||
17 | Owens-Illinois, Inc. (D) | 485 | ||||||||||
14 | Pactiv Corp. (D) | 294 | ||||||||||
17 | PPG Industries, Inc. | 742 | ||||||||||
32 | Praxair, Inc. | 2,242 | ||||||||||
16 | Sealed Air Corp. | 300 | ||||||||||
13 | Sigma-Aldrich Corp. | 621 | ||||||||||
9 | Titanium Metals Corp. | 81 | ||||||||||
15 | United States Steel Corp. | 526 | ||||||||||
12 | Vulcan Materials Co. | 537 | ||||||||||
22 | Weyerhaeuser Co. | 659 | ||||||||||
26,645 | ||||||||||||
Media — 2.5% | ||||||||||||
70 | CBS Corp. Class B | 482 | ||||||||||
296 | Comcast Corp. Class A | 4,287 | ||||||||||
54 | DirecTV Group, Inc. (D) | 1,328 | ||||||||||
24 | Gannett Co., Inc. | 85 | ||||||||||
49 | Interpublic Group of Cos., Inc. (D) | 248 | ||||||||||
32 | McGraw-Hill Cos., Inc. | 973 | ||||||||||
4 | Meredith Corp. | 95 | ||||||||||
12 | New York Times Co. Class A | 66 | ||||||||||
236 | News Corp. Class A | 2,150 | ||||||||||
32 | Omnicom Group, Inc. | 1,009 | ||||||||||
9 | Scripps Networks Interactive Class A | 257 | ||||||||||
36 | Time Warner Cable, Inc. | 1,145 | ||||||||||
123 | Time Warner, Inc. | 3,092 | ||||||||||
62 | Viacom, Inc. Class B (D) | 1,413 | ||||||||||
191 | Walt Disney Co. | 4,445 | ||||||||||
1 | Washington Post Co. Class B | 229 | ||||||||||
21,304 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.5% | ||||||||||||
159 | Abbott Laboratories | 7,458 | ||||||||||
32 | Allergan, Inc. | 1,502 | ||||||||||
104 | Amgen, Inc. (D) | 5,501 | ||||||||||
30 | Biogen Idec, Inc. (D) | 1,335 | ||||||||||
203 | Bristol-Myers Squibb Co. | 4,128 | ||||||||||
47 | Celgene Corp. (D) | 2,260 | ||||||||||
8 | Cephalon, Inc. (D) | 431 | ||||||||||
104 | Eli Lilly & Co. | 3,594 | ||||||||||
31 | Forest Laboratories, Inc. (D) | 776 | ||||||||||
28 | Genzyme Corp. (D) | 1,543 | ||||||||||
93 | Gilead Sciences, Inc. (D) | 4,357 | ||||||||||
283 | Johnson & Johnson | 16,061 | ||||||||||
25 | King Pharmaceuticals, Inc. (D) | 245 | ||||||||||
18 | Life Technologies Corp. (D) | 749 | ||||||||||
216 | Merck & Co., Inc. | 6,051 | ||||||||||
6 | Millipore Corp. (D) | 402 | ||||||||||
31 | Mylan, Inc. (D) | 409 | ||||||||||
12 | PerkinElmer, Inc. | 208 | ||||||||||
692 | Pfizer, Inc. | 10,385 | ||||||||||
167 | Schering-Plough Corp. | 4,198 | ||||||||||
43 | Thermo Fisher Scientific, Inc. (D) | 1,751 | ||||||||||
10 | Waters Corp. (D) | 511 | ||||||||||
11 | Watson Pharmaceuticals, Inc. (D) | 363 | ||||||||||
137 | Wyeth | 6,210 | ||||||||||
80,428 | ||||||||||||
Real Estate — 1.0% | ||||||||||||
12 | Apartment Investment & Management Co. | 106 | ||||||||||
8 | Avalonbay Communities, Inc. | 458 | ||||||||||
14 | Boston Properties, Inc. | 678 | ||||||||||
24 | CB Richard Ellis Group, Inc. Class A (D) | 227 | ||||||||||
28 | Equity Residential Properties Trust | 626 | ||||||||||
28 | HCP, Inc. | 593 | ||||||||||
11 | Health Care, Inc. | 389 | ||||||||||
62 | Host Hotels & Resorts, Inc. | 518 | ||||||||||
33 | Kimco Realty Corp. | 334 | ||||||||||
17 | Plum Creek Timber Co., Inc. | 497 | ||||||||||
45 | ProLogis | 366 | ||||||||||
13 | Public Storage | 840 |
The accompanying notes are an integral part of these financial statements.
116
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Real Estate — (continued) | ||||||||||||
28 | Simon Property Group, Inc. | $ | 1,455 | |||||||||
16 | Ventas, Inc. | 481 | ||||||||||
16 | Vornado Realty Trust | 734 | ||||||||||
8,302 | ||||||||||||
Retailing — 3.2% | ||||||||||||
9 | Abercrombie & Fitch Co. Class A | 230 | ||||||||||
33 | Amazon.com, Inc. (D) | 2,766 | ||||||||||
11 | AutoNation, Inc. (D) | 193 | ||||||||||
4 | AutoZone, Inc. (D) | 553 | ||||||||||
27 | Bed Bath & Beyond, Inc. (D) | 818 | ||||||||||
35 | Best Buy Co., Inc. | 1,172 | ||||||||||
8 | Big Lots, Inc. (D) | 178 | ||||||||||
22 | Expedia, Inc. (D) | 326 | ||||||||||
14 | Family Dollar Stores, Inc. | 406 | ||||||||||
17 | GameStop Corp. Class A (D) | 371 | ||||||||||
47 | Gap, Inc. | 775 | ||||||||||
16 | Genuine Parts Co. | 550 | ||||||||||
174 | Home Depot, Inc. | 4,114 | ||||||||||
23 | J.C. Penney Co., Inc. | 655 | ||||||||||
31 | Kohl’s Corp. (D) | 1,338 | ||||||||||
28 | Limited Brands, Inc. | 332 | ||||||||||
151 | Lowe’s Co., Inc. | 2,940 | ||||||||||
43 | Macy’s, Inc. | 508 | ||||||||||
16 | Nordstrom, Inc. | 327 | ||||||||||
28 | Office Depot, Inc. (D) | 129 | ||||||||||
14 | O’Reilly Automotive, Inc. (D) | 529 | ||||||||||
13 | RadioShack Corp. | 179 | ||||||||||
6 | Sears Holdings Corp. (D) | 370 | ||||||||||
10 | Sherwin-Williams Co. | 541 | ||||||||||
73 | Staples, Inc. | 1,482 | ||||||||||
77 | Target Corp. | 3,045 | ||||||||||
13 | Tiffany & Co. | 322 | ||||||||||
42 | TJX Cos., Inc. | 1,336 | ||||||||||
26,485 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.5% | ||||||||||||
58 | Advanced Micro Devices, Inc. (D) | 223 | ||||||||||
30 | Altera Corp. | 490 | ||||||||||
30 | Analog Devices, Inc. | 741 | ||||||||||
137 | Applied Materials, Inc. | 1,501 | ||||||||||
44 | Broadcom Corp. Class A (D) | 1,088 | ||||||||||
573 | Intel Corp. | 9,484 | ||||||||||
17 | KLA-Tencor Corp. | 441 | ||||||||||
23 | Linear Technology Corp. | 533 | ||||||||||
66 | LSI Corp. (D) | 303 | ||||||||||
23 | MEMC Electronic Materials, Inc. (D) | 409 | ||||||||||
19 | Microchip Technology, Inc. | 422 | ||||||||||
87 | Micron Technology, Inc. (D) | 440 | ||||||||||
20 | National Semiconductor Corp. | 251 | ||||||||||
10 | Novellus Systems, Inc. (D) | 166 | ||||||||||
56 | NVIDIA Corp. (D) | 633 | ||||||||||
18 | Teradyne, Inc. (D) | 122 | ||||||||||
131 | Texas Instruments, Inc. | 2,784 | ||||||||||
28 | Xilinx, Inc. | 578 | ||||||||||
20,609 | ||||||||||||
Software & Services — 7.0% | ||||||||||||
54 | Adobe Systems, Inc. (D) | 1,520 | ||||||||||
10 | Affiliated Computer Services, Inc. Class A (D) | 446 | ||||||||||
18 | Akamai Technologies, Inc. (D) | 340 | ||||||||||
23 | Autodesk, Inc. (D) | 445 | ||||||||||
51 | Automatic Data Processing, Inc. | 1,825 | ||||||||||
19 | BMC Software, Inc. (D) | 642 | ||||||||||
40 | CA, Inc. | 706 | ||||||||||
19 | Citrix Systems, Inc. (D) | 592 | ||||||||||
30 | Cognizant Technology Solutions Corp. (D) | 799 | ||||||||||
16 | Computer Sciences Corp. (D) | 690 | ||||||||||
25 | Compuware Corp. (D) | 170 | ||||||||||
13 | Convergys Corp. (D) | 117 | ||||||||||
111 | eBay, Inc. (D) | 1,900 | ||||||||||
33 | Electronic Arts, Inc. (D) | 721 | ||||||||||
20 | Fidelity National Information Services, Inc. | 391 | ||||||||||
16 | Fiserv, Inc. (D) | 730 | ||||||||||
25 | Google, Inc. (D) | 10,402 | ||||||||||
33 | Intuit, Inc. (D) | 933 | ||||||||||
7 | Mastercard, Inc. | 1,238 | ||||||||||
16 | McAfee, Inc. (D) | 671 | ||||||||||
785 | Microsoft Corp. | 18,667 | ||||||||||
35 | Novell, Inc. (D) | 160 | ||||||||||
389 | Oracle Corp. | 8,324 | ||||||||||
33 | Paychex, Inc. | 829 | ||||||||||
11 | Salesforce.com, Inc. (D) | 416 | ||||||||||
84 | Symantec Corp. (D) | 1,305 | ||||||||||
20 | Total System Services, Inc. | 271 | ||||||||||
20 | VeriSign, Inc. (D) | 366 | ||||||||||
72 | Western Union Co. | 1,180 | ||||||||||
143 | Yahoo!, Inc. (D) | 2,241 | ||||||||||
59,037 | ||||||||||||
Technology Hardware & Equipment — 8.7% | ||||||||||||
35 | Agilent Technologies, Inc. (D) | 716 | ||||||||||
18 | Amphenol Corp. Class A | 557 | ||||||||||
92 | Apple, Inc. (D) | 13,041 | ||||||||||
9 | Ciena Corp. (D) | 96 | ||||||||||
592 | Cisco Systems, Inc. (D) | 11,031 | ||||||||||
159 | Corning, Inc. | 2,560 | ||||||||||
178 | Dell, Inc. (D) | 2,450 | ||||||||||
207 | EMC Corp. (D) | 2,706 | ||||||||||
15 | FLIR Systems, Inc. (D) | 347 | ||||||||||
14 | Harris Corp. | 386 | ||||||||||
245 | Hewlett-Packard Co. | 9,463 | ||||||||||
136 | IBM Corp. | 14,154 | ||||||||||
22 | Jabil Circuit, Inc. | 163 | ||||||||||
23 | JDS Uniphase Corp. (D) | 129 | ||||||||||
54 | Juniper Networks, Inc. (D) | 1,267 | ||||||||||
8 | Lexmark International, Inc. ADR (D) | 127 | ||||||||||
14 | Molex, Inc. | 221 | ||||||||||
235 | Motorola, Inc. | 1,559 | ||||||||||
34 | NetApp, Inc. (D) | 669 | ||||||||||
12 | QLogic Corp. (D) | 155 | ||||||||||
170 | Qualcomm, Inc. | 7,677 | ||||||||||
23 | SanDisk Corp. (D) | 343 | ||||||||||
77 | Sun Microsystems, Inc. (D) | 706 | ||||||||||
41 | Tellabs, Inc. (D) | 233 | ||||||||||
18 | Teradata Corp. (D) | 416 | ||||||||||
23 | Western Digital Corp. (D) | 604 | ||||||||||
89 | Xerox Corp. | 575 | ||||||||||
72,351 | ||||||||||||
Telecommunication Services — 3.5% | ||||||||||||
41 | American Tower Corp. Class A (D) | 1,285 | ||||||||||
605 | AT&T, Inc. | 15,037 | ||||||||||
10 | CenturyTel, Inc. | 318 | ||||||||||
15 | Embarq Corp. | 615 | ||||||||||
32 | Frontier Communications Corp. | 228 | ||||||||||
26 | MetroPCS Communications, Inc. (D) | 346 | ||||||||||
152 | Qwest Communications International, Inc. | 630 |
The accompanying notes are an integral part of these financial statements.
117
Table of Contents
Hartford Index HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — (continued) | ||||||||||||
295 | Sprint Nextel Corp. (D) | $ | 1,418 | |||||||||
291 | Verizon Communications, Inc. | 8,955 | ||||||||||
45 | Windstream Corp. | 375 | ||||||||||
29,207 | ||||||||||||
Transportation — 2.0% | ||||||||||||
29 | Burlington Northern Santa Fe Corp. | 2,099 | ||||||||||
17 | C.H. Robinson Worldwide, Inc. | 908 | ||||||||||
40 | CSX Corp. | 1,392 | ||||||||||
22 | Expeditors International of Washington, Inc. | 727 | ||||||||||
32 | FedEx Corp. | 1,779 | ||||||||||
38 | Norfolk Southern Corp. | 1,417 | ||||||||||
6 | Ryder System, Inc. | 159 | ||||||||||
76 | Southwest Airlines Co. | 511 | ||||||||||
52 | Union Pacific Corp. | 2,693 | ||||||||||
102 | United Parcel Service, Inc. Class B | 5,106 | ||||||||||
16,791 | ||||||||||||
Utilities — 4.0% | ||||||||||||
68 | AES Corp. (D) | 794 | ||||||||||
17 | Allegheny Energy, Inc. | 447 | ||||||||||
22 | Ameren Corp. | 547 | ||||||||||
49 | American Electric Power Co., Inc. | 1,414 | ||||||||||
36 | CenterPoint Energy, Inc. | 397 | ||||||||||
23 | CMS Energy Corp. | 281 | ||||||||||
28 | Consolidated Edison, Inc. | 1,053 | ||||||||||
20 | Constellation Energy Group, Inc. | 543 | ||||||||||
61 | Dominion Resources, Inc. | 2,023 | ||||||||||
17 | DTE Energy Co. | 538 | ||||||||||
132 | Duke Energy Corp. | 1,927 | ||||||||||
52 | Dynegy Holdings, Inc. (D) | 118 | ||||||||||
33 | Edison International | 1,053 | ||||||||||
20 | Entergy Corp. | 1,560 | ||||||||||
13 | EQT Corp. | 468 | ||||||||||
68 | Exelon Corp. | 3,463 | ||||||||||
31 | FirstEnergy Corp. | 1,214 | ||||||||||
42 | FPL Group, Inc. | 2,398 | ||||||||||
8 | Integrys Energy Group, Inc. | 235 | ||||||||||
5 | Nicor, Inc. | 159 | ||||||||||
28 | NiSource, Inc. | 328 | ||||||||||
18 | Northeast Utilities | 401 | ||||||||||
23 | Pepco Holdings, Inc. | 304 | ||||||||||
38 | PG&E Corp. | 1,453 | ||||||||||
10 | Pinnacle West Capital Corp. | 314 | ||||||||||
39 | PPL Corp. | 1,271 | ||||||||||
29 | Progress Energy, Inc. | 1,081 | ||||||||||
52 | Public Service Enterprise Group, Inc. | 1,696 | ||||||||||
18 | Questar Corp. | 556 | ||||||||||
13 | SCANA Corp. | 406 | ||||||||||
25 | Sempra Energy | 1,243 | ||||||||||
80 | Southern Co. | 2,502 | ||||||||||
22 | TECO Energy, Inc. | 260 | ||||||||||
12 | Wisconsin Energy Corp. | 488 | ||||||||||
47 | Xcel Energy, Inc. | 860 | ||||||||||
33,795 | ||||||||||||
Total common stocks (cost $1,037,285) | $ | 825,851 | ||||||||||
Total long-term investments (cost $1,037,285) | $ | 825,851 | ||||||||||
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||||||
Repurchase Agreements — 1.2% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $8,260, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $8,403) | ||||||||||||
$ | 8,260 | 0.01%, 6/30/2009 | $ | 8,260 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,550, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,577) | ||||||||||||
1,550 | 0.01%, 6/30/2009 | 1,550 | ||||||||||
9,810 | ||||||||||||
U.S. Treasury Bills — 0.3% | ||||||||||||
2,900 | 0.18%, 7/16/2009 (S)(M) | 2,900 | ||||||||||
Total short-term investments (cost $12,710) | $ | 12,710 | ||||||||||
Total investments (cost $1,049,995) (C) | 100.0 | % | $ | 838,561 | ||||||||
Other assets and liabilities | — | % | (69 | ) | ||||||||
Total net assets | 100.0 | % | $ | 838,492 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,074,549 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 132,761 | ||
Unrealized Depreciation | (368,749 | ) | ||
Net Unrealized Depreciation | $ | (235,988 | ) | |
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
S&P 500 Index | 55 | Long | Sep 2009 | $ | (271 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
118
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 825,851 | $ | 825,851 | $ | — | $ | — | ||||||||
Short-Term Investments | 12,710 | — | 12,710 | — | ||||||||||||
Total | $ | 838,561 | $ | 825,851 | $ | 12,710 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 271 | $ | 271 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
119
Table of Contents
Hartford International Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 96.5% | ||||||||||||
Australia — 1.3% | ||||||||||||
124 | BHP Billiton Ltd. | $ | 3,394 | |||||||||
63 | CSL Ltd. | 1,619 | ||||||||||
5,013 | ||||||||||||
Austria — 0.9% | ||||||||||||
55 | Andritz AG | 2,315 | ||||||||||
21 | OMV AG | 806 | ||||||||||
3,121 | ||||||||||||
Belgium — 0.9% | ||||||||||||
1,332 | Hansen Transmissions (D) | 3,389 | ||||||||||
Brazil — 2.9% | ||||||||||||
48 | Cia Brasileira de Meios de Pagamentos (D) | 414 | ||||||||||
152 | Companhia Energetica de Minas Gerais | 2,039 | ||||||||||
234 | Itau Unibanco Banco Multiplo S.A. ADR | 3,696 | ||||||||||
113 | Natura Cosmeticos S.A. | 1,470 | ||||||||||
75 | Petroleo Brasileiro S.A. ADR | 3,057 | ||||||||||
10,676 | ||||||||||||
Canada — 2.3% | ||||||||||||
49 | Agnico Eagle Mines Ltd. | 2,582 | ||||||||||
22 | Potash Corp. of Saskatchewan, Inc. | 2,066 | ||||||||||
24 | Research In Motion Ltd. (D) | 1,670 | ||||||||||
56 | Suncor Energy, Inc. | 1,694 | ||||||||||
8,012 | ||||||||||||
China — 3.1% | ||||||||||||
2,136 | China Construction Bank | 1,646 | ||||||||||
2,524 | China Dongxiang Group Co. | 1,689 | ||||||||||
1,602 | Dongfeng Motor Group Co., Ltd. | 1,344 | ||||||||||
2,399 | Industrial and Commercial Bank of China | 1,662 | ||||||||||
25 | Shanda Interactive Entertainment Ltd. ADR (D) | 1,318 | ||||||||||
134 | Suntech Power Holdings Co., Ltd. ADR (D) | 2,388 | ||||||||||
1,880 | Zhejiang Expressway Co., Ltd. | 1,484 | ||||||||||
11,531 | ||||||||||||
Denmark — 1.4% | ||||||||||||
48 | Carlsberg A/S Class B | 3,078 | ||||||||||
30 | Vestas Wind Systems A/S (D) | 2,136 | ||||||||||
5,214 | ||||||||||||
Finland — 1.0% | ||||||||||||
241 | Nokia Oyj | 3,528 | ||||||||||
France — 4.6% | ||||||||||||
51 | BNP Paribas | 3,320 | ||||||||||
38 | Bureau Veritas S.A. | 1,851 | ||||||||||
52 | Publicis Groupe | 1,605 | ||||||||||
64 | Renault S.A. | 2,360 | ||||||||||
15 | Sanofi-Aventis S.A. | 887 | ||||||||||
32 | Technip S.A. | 1,580 | ||||||||||
34 | Thales S.A. | 1,545 | ||||||||||
40 | Total S.A. | 2,161 | ||||||||||
55 | UbiSoft Entertainment S.A. (D) | 1,351 | ||||||||||
6 | Vallourec | 748 | ||||||||||
17,408 | ||||||||||||
Germany — 6.1% | ||||||||||||
52 | BASF SE | 2,059 | ||||||||||
92 | Daimler AG | 3,327 | ||||||||||
18 | Deutsche Bank AG | 1,117 | ||||||||||
29 | Deutsche Boerse AG | 2,230 | ||||||||||
95 | Metro AG | 4,535 | ||||||||||
74 | Siemens AG | 5,149 | ||||||||||
10 | SMA Solar Technology AG | 700 | ||||||||||
118 | ThyssenKrupp AG | 2,945 | ||||||||||
22,062 | ||||||||||||
Greece — 0.3% | ||||||||||||
47 | Opap S.A. | 1,250 | ||||||||||
Hong Kong — 3.3% | ||||||||||||
2,749 | Anta Sports Products Ltd. | 3,424 | ||||||||||
1,136 | Chaoda Modern Agriculture | 664 | ||||||||||
486 | China Merchants Holdings International Co., Ltd. | 1,392 | ||||||||||
1,527 | China Zhongwang Holdings Ltd. (D) | 2,097 | ||||||||||
1,675 | Huabao International Holdings Ltd. | 1,617 | ||||||||||
524 | Li & Fung Ltd. | 1,399 | ||||||||||
111 | Sun Hung Kai Properties Ltd. | 1,378 | ||||||||||
11,971 | ||||||||||||
India — 1.5% | ||||||||||||
40 | HDFC Bank Ltd. ADR | 4,125 | ||||||||||
16 | Reliance Industries GDR (I)(D) | 1,328 | ||||||||||
5,453 | ||||||||||||
Indonesia — 0.4% | ||||||||||||
4,302 | Bank Central Asia PT | 1,474 | ||||||||||
Ireland — 0.5% | ||||||||||||
252 | Experian plc | 1,891 | ||||||||||
Israel — 2.6% | ||||||||||||
191 | Teva Pharmaceutical Industries Ltd. ADR | 9,429 | ||||||||||
Japan — 11.6% | ||||||||||||
42 | Astellas Pharma, Inc. | 1,476 | ||||||||||
69 | Canon, Inc. | 2,237 | ||||||||||
177 | Chiyoda Corp. | 1,432 | ||||||||||
139 | Honda Motor Co., Ltd. | 3,835 | ||||||||||
— | Japan Tobacco, Inc. | 1,275 | ||||||||||
180 | Komatsu Ltd. | 2,771 | ||||||||||
19 | Kyocera Corp. | 1,396 | ||||||||||
261 | Mitsubishi UFJ Financial Group, Inc. | 1,610 | ||||||||||
271 | Nippon Electric Glass Co., Ltd. | 3,030 | ||||||||||
159 | Panasonic Corp. | 2,146 | ||||||||||
45 | Point, Inc. | 2,424 | ||||||||||
4 | Rakuten, Inc. | 2,373 | ||||||||||
42 | Sankyo Co., Ltd. | 2,262 | ||||||||||
77 | Shionogi & Co., Ltd. | 1,488 | ||||||||||
152 | Softbank Corp. | 2,957 | ||||||||||
98 | Square Enix Holdings Co., Ltd. | 2,301 | ||||||||||
41 | Sumitomo Mitsui Financial Group, Inc. | 1,651 | ||||||||||
95 | Suzuki Motor Corp. | 2,119 | ||||||||||
55 | Takeda Pharmaceutical Co., Ltd. | 2,150 | ||||||||||
43 | Trend Micro, Inc. | 1,373 | ||||||||||
42,306 | ||||||||||||
Luxembourg — 1.6% | ||||||||||||
44 | ArcelorMittal | 1,451 | ||||||||||
128 | ArcelorMittal ADR | 4,248 | ||||||||||
5,699 | ||||||||||||
Netherlands — 5.0% | ||||||||||||
161 | ASML Holding N.V. | 3,484 | ||||||||||
378 | Koninklijke (Royal) KPN N.V. | 5,218 | ||||||||||
273 | Koninklijke Ahold N.V. | 3,153 | ||||||||||
215 | Qiagen N.V. (D) | 3,984 | ||||||||||
115 | Unilever N.V. CVA | 2,778 | ||||||||||
18,617 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
120
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Russia — 1.9% | ||||||||||||
37 | Mobile Telesystems OJSC ADR | $ | 1,348 | |||||||||
140 | OAO Gazprom Class S ADR | 2,827 | ||||||||||
199 | Vimpel-Communications ADR | 2,344 | ||||||||||
6,519 | ||||||||||||
South Africa — 1.0% | ||||||||||||
171 | Impala Platinum Holdings Ltd. | 3,793 | ||||||||||
Spain — 4.2% | ||||||||||||
512 | Banco Santander Central Hispano S.A. | 6,183 | ||||||||||
83 | Red Electrica Corporacion S.A. | 3,766 | ||||||||||
242 | Telefonica S.A. | 5,491 | ||||||||||
15,440 | ||||||||||||
Sweden — 3.1% | ||||||||||||
32 | Hennes & Mauritz Ab | 1,595 | ||||||||||
285 | Lundin Petroleum Ab (D) | 2,214 | ||||||||||
52 | Oriflame Cosmetics S.A. ADR | 2,280 | ||||||||||
114 | Swedish Match Ab | 1,854 | ||||||||||
391 | Telefonaktiebolaget LM Ericsson | 3,851 | ||||||||||
11,794 | ||||||||||||
Switzerland — 10.6% | ||||||||||||
100 | Credit Suisse Group AG | 4,581 | ||||||||||
12 | Geberit AG | 1,438 | ||||||||||
123 | Julius Baer Holding Ltd. | 4,790 | ||||||||||
27 | Kuehne & Nagel International AG | 2,134 | ||||||||||
166 | Nestle S.A. | 6,271 | ||||||||||
125 | Nobel Biocare Holding AG | 2,744 | ||||||||||
58 | Roche Holding AG | 7,924 | ||||||||||
24 | Schindler Holding-Part Certificates | 1,523 | ||||||||||
2 | SGS S.A. | 2,177 | ||||||||||
18 | Sonova Holding AG | 1,453 | ||||||||||
9 | Swatch Group AG | 1,492 | ||||||||||
160 | UBS AG | 1,966 | ||||||||||
38,493 | ||||||||||||
Taiwan — 1.4% | ||||||||||||
670 | Delta Electronics, Inc. | 1,516 | ||||||||||
151 | High Technology Computer Corp. | 2,122 | ||||||||||
126 | MediaTek, Inc. | 1,496 | ||||||||||
5,134 | ||||||||||||
Turkey — 0.9% | ||||||||||||
49 | Bim Birlesik Magazalar AS | 1,709 | ||||||||||
274 | Turkcell Iletisim Hizmetleri A/S | 1,514 | ||||||||||
3,223 | ||||||||||||
United Kingdom — 20.8% | ||||||||||||
104 | Admiral Group plc | 1,485 | ||||||||||
242 | Antofagasta | 2,354 | ||||||||||
1,043 | Arm Holdings plc | 2,058 | ||||||||||
107 | AstraZeneca plc | 4,709 | ||||||||||
75 | Autonomy Corp. plc (D) | 1,787 | ||||||||||
203 | Babcock International Group plc | 1,611 | ||||||||||
166 | BG Group plc | 2,790 | ||||||||||
275 | British American Tobacco plc | 7,591 | ||||||||||
419 | Burberry Group plc | 2,917 | ||||||||||
93 | De La Rue plc | 1,399 | ||||||||||
205 | Eurasian Natural Resources Corp. | 2,214 | ||||||||||
190 | GlaxoSmithKline plc | 3,360 | ||||||||||
783 | HSBC Holding plc | 6,522 | ||||||||||
153 | Imperial Tobacco Group plc | 3,980 | ||||||||||
94 | Intertek Group plc | 1,611 | ||||||||||
1,090 | Kingfisher plc | 3,198 | ||||||||||
698 | Michael Page International plc | 2,742 | ||||||||||
164 | Petrofac Ltd. | 1,806 | ||||||||||
131 | Reckitt Benckiser Group plc | 5,961 | ||||||||||
515 | Sage Group plc | 1,514 | ||||||||||
342 | Standard Chartered plc | 6,438 | ||||||||||
2,343 | Vodafone Group plc | 4,557 | ||||||||||
302 | Xstrata plc | 3,281 | ||||||||||
75,885 | ||||||||||||
United States — 1.3% | ||||||||||||
42 | Netease.com, Inc. (D) | 1,474 | ||||||||||
25 | New Oriental Education & Technology Group, Inc. ADR (D) | 1,671 | ||||||||||
104 | Yingli Green Energy Holdings (D) | 1,406 | ||||||||||
4,551 | ||||||||||||
Total common stocks (cost $338,745) | $ | 352,876 | ||||||||||
PREFERRED STOCKS — 0.3% | ||||||||||||
Brazil — 0.3% | ||||||||||||
78 | Banco Itau Holding | $ | 1,222 | |||||||||
Total preferred stocks (cost $1,229) | $ | 1,222 | ||||||||||
Total long-term investments (cost $339,974) | $ | 354,098 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 2.0% | ||||||||||||
Repurchase Agreements — 2.0% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $468, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $478) | ||||||||||||
$ | 468 | 0.09%, 6/30/2009 | $ | 468 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,313, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $4,399) | ||||||||||||
4,313 | 0.05%, 6/30/2009 | 4,313 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,085, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,106) | ||||||||||||
1,085 | 0.09%, 6/30/2009 | 1,085 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,625, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,657) | ||||||||||||
1,625 | 0.08%, 6/30/2009 | 1,625 |
The accompanying notes are an integral part of these financial statements.
121
Table of Contents
Hartford International Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
$ | 1 | 0.03%, 6/30/2009 | $ | 1 | ||||||||
7,492 | ||||||||||||
Total short-term investments (cost $7,492) | $ | 7,492 | ||||||||||
Total investments (cost $347,466) (C) | 98.8 | % | $ | 361,590 | ||||||||
Other assets and liabilities | 1.2 | % | 4,265 | |||||||||
Total net assets | 100.0 | % | $ | 365,855 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 95.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $411,584 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 23,081 | ||
Unrealized Depreciation | (73,075 | ) | ||
Net Unrealized Depreciation | $ | (49,994 | ) | |
(D) | Currently non-income producing. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $1,328, which represents 0.36% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
British Pound (Buy) | $ | 405 | $ | 407 | 07/01/09 | $ | (2 | ) | ||||||||
British Pound (Buy) | 559 | 562 | 07/02/09 | (3 | ) | |||||||||||
Euro (Buy) | 245 | 245 | 07/01/09 | — | ||||||||||||
Euro (Sell) | 1,792 | 1,796 | 07/01/09 | 4 | ||||||||||||
Euro (Sell) | 2,782 | 2,794 | 07/02/09 | 12 | ||||||||||||
Japanese Yen (Sell) | 1,237 | 1,236 | 07/01/09 | (1 | ) | |||||||||||
South African Rand (Sell) | 100 | 96 | 07/02/09 | (4 | ) | |||||||||||
South African Rand (Sell) | 41 | 40 | 07/03/09 | (1 | ) | |||||||||||
Swiss Franc (Buy) | 660 | 663 | 07/01/09 | (3 | ) | |||||||||||
$ | 2 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.6 | % | ||
Banks | 10.8 | |||
Capital Goods | 7.3 | |||
Commercial & Professional Services | 3.6 | |||
Consumer Durables & Apparel | 3.8 | |||
Consumer Services | 0.8 | |||
Diversified Financials | 4.0 | |||
Energy | 5.5 | |||
Food & Staples Retailing | 2.6 | |||
Food, Beverage & Tobacco | 7.5 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 2.6 | |||
Insurance | 0.4 | |||
Materials | 9.4 | |||
Media | 0.4 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.1 | |||
Real Estate | 0.4 | |||
Retailing | 3.1 | |||
Semiconductors & Semiconductor Equipment | 1.9 | |||
Software & Services | 3.1 | |||
Technology Hardware & Equipment | 5.3 | |||
Telecommunication Services | 6.4 | |||
Transportation | 1.4 | |||
Utilities | 1.6 | |||
Short-Term Investments | 2.0 | |||
Other Assets and Liabilities | 1.2 | |||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
122
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 352,876 | $ | 54,691 | $ | 298,185 | $ | — | ||||||||
Preferred Stocks | 1,222 | — | 1,222 | — | ||||||||||||
Short-Term Investments | 7,492 | — | 7,492 | — | ||||||||||||
Total | $ | 361,590 | $ | 54,691 | $ | 306,899 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 16 | $ | — | $ | 16 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 14 | $ | — | $ | 14 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. | |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value: |
Balance as of | Transfers In | Balance as of | ||||||||||
December 31, | and/or Out of | June 30, | ||||||||||
2008 | Level 3 | 2009 | ||||||||||
Assets: | ||||||||||||
Common Stock | $ | 7,549 | $ | (7,549 | ) | $ | — | |||||
Total | $ | 7,549 | $ | (7,549 | ) | $ | — | |||||
The accompanying notes are an integral part of these financial statements.
123
Table of Contents
Hartford International Opportunities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 94.0% | ||||||||||||
Australia — 1.4% | ||||||||||||
40 | Karoon Gas Australia Ltd. (D) | $ | 289 | |||||||||
1,863 | Westfield Group | 17,055 | ||||||||||
17,344 | ||||||||||||
Belgium — 0.6% | ||||||||||||
2,277 | Fortis | 7,797 | ||||||||||
Brazil — 2.5% | ||||||||||||
938 | Banco Bradesco S.A. ADR | 13,848 | ||||||||||
278 | Cia Brasileira de Meios de Pagamentos (D) | 2,387 | ||||||||||
933 | Itau Unibanco Banco Multiplo S.A. ADR | 14,768 | ||||||||||
31,003 | ||||||||||||
Canada — 5.9% | ||||||||||||
1,209 | Brookfield Asset Management, Inc. (D) | 20,683 | ||||||||||
56 | Canadian Natural Resources Ltd. | 2,951 | ||||||||||
168 | EnCana Corp. | 8,310 | ||||||||||
83 | Potash Corp. of Saskatchewan, Inc. ADR | 7,779 | ||||||||||
840 | Suncor Energy, Inc. | 25,541 | ||||||||||
203 | Toronto-Dominion Bank | 10,508 | ||||||||||
75,772 | ||||||||||||
China — 2.5% | ||||||||||||
13,893 | Industrial and Commercial Bank of China | 9,624 | ||||||||||
189 | PetroChina Co. Ltd. ADR | 20,903 | ||||||||||
30,527 | ||||||||||||
Denmark — 0.5% | ||||||||||||
493 | DSV A/S | 6,110 | ||||||||||
France — 6.2% | ||||||||||||
164 | BNP Paribas | 10,725 | ||||||||||
553 | Groupe Danone | 27,398 | ||||||||||
167 | L’Oreal S.A. | 12,536 | ||||||||||
387 | Renault S.A. | 14,290 | ||||||||||
78 | Sanofi-Aventis S.A. | 4,611 | ||||||||||
136 | Total S.A. | 7,388 | ||||||||||
76,948 | ||||||||||||
Germany — 7.3% | ||||||||||||
127 | Allianz SE | 11,693 | ||||||||||
645 | Daimler AG | 23,432 | ||||||||||
1,941 | Deutsche Post AG | 25,338 | ||||||||||
301 | SAP AG | 12,118 | ||||||||||
278 | Siemens AG | 19,246 | ||||||||||
91,827 | ||||||||||||
Greece — 1.1% | ||||||||||||
484 | National Bank of Greece | 13,417 | ||||||||||
Hong Kong — 4.8% | ||||||||||||
5,043 | Cathay Pacific Airways Ltd. | 6,918 | ||||||||||
1,142 | China Merchants Holdings International Co., Ltd. | 3,271 | ||||||||||
2,401 | Esprit Holdings Ltd. | 13,339 | ||||||||||
8,322 | Shangri-La Asia Ltd. | 12,291 | ||||||||||
1,955 | Sun Hung Kai Properties Ltd. | 24,277 | ||||||||||
60,096 | ||||||||||||
Ireland — 2.6% | ||||||||||||
1,220 | CRH plc | 27,929 | ||||||||||
1,025 | Ryanair Holdings plc (D) | 4,738 | ||||||||||
32,667 | ||||||||||||
Israel — 2.3% | ||||||||||||
577 | Teva Pharmaceutical Industries Ltd. ADR | 28,474 | ||||||||||
Japan — 12.5% | ||||||||||||
283 | East Japan Railway Co. | 17,014 | ||||||||||
282 | Eisai Co., Ltd. | 10,013 | ||||||||||
1,713 | Hino Motors Ltd. | 5,333 | ||||||||||
196 | Ibiden Co., Ltd. | 5,487 | ||||||||||
2 | KDDI Corp. | 11,047 | ||||||||||
1,359 | Mitsubishi Electric Corp. | 8,589 | ||||||||||
3,721 | Mitsubishi UFJ Financial Group, Inc. | 22,973 | ||||||||||
519 | NGK Spark Plug Co., Ltd. | 4,955 | ||||||||||
158 | Nidec Corp. | 9,593 | ||||||||||
21 | Nintendo Co., Ltd. | 5,729 | ||||||||||
230 | Nippon Telegraph & Telephone Corp. | 9,379 | ||||||||||
1,117 | Nomura Holdings, Inc. | 9,428 | ||||||||||
67 | Osaka Titanium Technologies | 2,462 | ||||||||||
186 | Secom Co., Ltd. | 7,553 | ||||||||||
407 | Softbank Corp. | 7,932 | ||||||||||
462 | Sumitomo Mitsui Financial Group, Inc. | 18,703 | ||||||||||
149 | Toho Titanium Co., Ltd. | 2,547 | ||||||||||
158,737 | ||||||||||||
Mexico — 0.8% | ||||||||||||
148 | America Movil S.A.B. de C.V. ADR | 5,742 | ||||||||||
368 | Cemex S.A. de C.V. ADR (D) | 3,434 | ||||||||||
9,176 | ||||||||||||
Netherlands — 2.6% | ||||||||||||
304 | ING Groep N.V. | 3,084 | ||||||||||
2,102 | Koninklijke (Royal) KPN N.V. | 29,008 | ||||||||||
32,092 | ||||||||||||
Russia — 0.9% | ||||||||||||
590 | Mechel ADR | 4,926 | ||||||||||
161 | Mobile Telesystems OJSC ADR | 5,935 | ||||||||||
10,861 | ||||||||||||
South Africa — 2.0% | ||||||||||||
148 | Anglo American Platinum Co., Ltd. | 10,494 | ||||||||||
666 | Impala Platinum Holdings Ltd. | 14,741 | ||||||||||
25,235 | ||||||||||||
South Korea — 0.9% | ||||||||||||
24 | Samsung Electronics Co., Ltd. | 11,198 | ||||||||||
Spain — 4.8% | ||||||||||||
2,177 | Banco Santander Central Hispano S.A. | 26,311 | ||||||||||
756 | Enagas | 14,926 | ||||||||||
57 | Industria de Diseno Textil S.A. | 2,764 | ||||||||||
361 | Red Electrica Corporacion S.A. | 16,369 | ||||||||||
60,370 | ||||||||||||
Switzerland — 7.5% | ||||||||||||
327 | Julius Baer Holding Ltd. | 12,722 | ||||||||||
712 | Nestle S.A. | 26,880 | ||||||||||
92 | Roche Holding AG | 12,542 | ||||||||||
151 | Synthes, Inc. | 14,608 | ||||||||||
2,218 | UBS AG | 27,231 | ||||||||||
93,983 | ||||||||||||
Taiwan — 1.1% | ||||||||||||
642 | High Technology Computer Corp. | 9,027 | ||||||||||
1,677 | Hon Hai Precision Industry Co., Ltd. | 5,142 | ||||||||||
14,169 | ||||||||||||
United Kingdom — 22.9% | ||||||||||||
140 | Anglo American plc | 4,107 | ||||||||||
381 | AstraZeneca plc | 16,793 |
The accompanying notes are an integral part of these financial statements.
124
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
United Kingdom — (continued) | ||||||||||||
3,631 | BAE Systems plc | $ | 20,291 | |||||||||
1,740 | Barclays Bank plc | 8,084 | ||||||||||
1,148 | BG Group plc | 19,333 | ||||||||||
4,336 | BP plc | 34,264 | ||||||||||
5,602 | HSBC Holding plc | 46,673 | ||||||||||
1,182 | Imperial Tobacco Group plc | 30,760 | ||||||||||
1,205 | National Grid plc | 10,874 | ||||||||||
482 | Rio Tinto plc | 16,699 | ||||||||||
253 | Rio Tinto plc Rights | 2,907 | ||||||||||
339 | SABMiller plc | 6,915 | ||||||||||
2,562 | Tesco plc | 14,962 | ||||||||||
6,523 | Vodafone Group plc | 12,687 | ||||||||||
196 | Wolseley plc | 3,759 | ||||||||||
2,290 | WPP plc | 15,226 | ||||||||||
2,170 | Xstrata plc | 23,590 | ||||||||||
287,924 | ||||||||||||
United States — 0.3% | ||||||||||||
164 | Frontline Ltd. | 3,983 | ||||||||||
Total common stocks (cost $1,157,919) | $ | 1,179,710 | ||||||||||
EXCHANGE TRADED FUNDS — 2.8% | ||||||||||||
United States — 2.8% | ||||||||||||
404 | iShares MSCI EAFE Index Fund | $ | 18,502 | |||||||||
353 | iShares MSCI Emerging Markets Index Fund | 11,371 | ||||||||||
184 | iShares S&P Eur 350 | 5,776 | ||||||||||
Total exchange traded funds (cost $32,795) | $ | 35,649 | ||||||||||
Total long-term investments (cost $1,190,714) | $ | 1,215,359 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 3.4% | ||||||||||||
Repurchase Agreements — 3.4% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,685, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $2,739) | ||||||||||||
$ | 2,685 | 0.09%, 6/30/2009 | $ | 2,685 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $24,721, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $25,215) | ||||||||||||
24,721 | 0.05%, 6/30/2009 | 24,721 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,216, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $6,341) | ||||||||||||
6,216 | 0.09%, 6/30/2009 | 6,216 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,313, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $9,499) | ||||||||||||
9,313 | 0.08%, 6/30/2009 | 9,313 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $8, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $8) | ||||||||||||
8 | 0.03%, 6/30/2009 | 8 | ||||||||||
42,943 | ||||||||||||
Total short-term investments (cost $42,943) | $ | 42,943 | ||||||||||
Total investments (cost $1,233,657) (C) | 100.2 | % | $ | 1,258,302 | ||||||||
Other assets and liabilities | (0.2 | )% | (2,934 | ) | ||||||||
Total net assets | 100.0 | % | $ | 1,255,368 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 93.7% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,290,565 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 94,960 | ||
Unrealized Depreciation | (127,223 | ) | ||
Net Unrealized Depreciation | $ | (32,263 | ) | |
(D) | Currently non-income producing. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
British Pound (Buy) | $ | 3,828 | $ | 3,842 | 07/01/09 | $ | (14 | ) | ||||||||
Canadian Dollar (Buy) | 1,237 | 1,249 | 07/02/09 | (12 | ) | |||||||||||
Canadian Dollar (Buy) | 2,496 | 2,499 | 07/06/09 | (3 | ) | |||||||||||
Euro (Sell) | 2,787 | 2,797 | 07/01/09 | 10 | ||||||||||||
Euro (Sell) | 2,673 | 2,684 | 07/02/09 | 11 | ||||||||||||
Euro (Sell) | 6,289 | 6,287 | 07/02/09 | (2 | ) | |||||||||||
Euro (Sell) | 5,308 | 5,306 | 07/06/09 | (2 | ) | |||||||||||
Hong Kong Dollar (Buy) | 1,259 | 1,259 | 07/02/09 | — | ||||||||||||
Swiss Franc (Buy) | 1,855 | 1,858 | 07/01/09 | (3 | ) | |||||||||||
Swiss Franc (Buy) | 8,743 | 8,753 | 07/02/09 | (10 | ) | |||||||||||
$ | (25 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
125
Table of Contents
Hartford International Opportunities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.4 | |||
Banks | 15.6 | |||
Capital Goods | 4.5 | |||
Commercial & Professional Services | 0.6 | |||
Consumer Durables & Apparel | 1.6 | |||
Consumer Services | 1.0 | |||
Diversified Financials | 6.1 | |||
Energy | 9.8 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 7.3 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 1.0 | |||
Insurance | 0.9 | |||
Materials | 9.7 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 1.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.8 | |||
Real Estate | 3.3 | |||
Retailing | 1.3 | |||
Semiconductors & Semiconductor Equipment | 0.9 | |||
Software & Services | 1.6 | |||
Technology Hardware & Equipment | 2.3 | |||
Telecommunication Services | 6.6 | |||
Transportation | 5.0 | |||
Utilities | 3.4 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,179,710 | $ | 199,778 | $ | 979,932 | $ | — | ||||||||
Exchange Traded Funds | 35,649 | 35,649 | — | — | ||||||||||||
Short-Term Investments | 42,943 | — | 42,943 | — | ||||||||||||
Total | $ | 1,258,302 | $ | 235,427 | $ | 1,022,875 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 21 | $ | — | $ | 21 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 46 | $ | — | $ | 46 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Transfers In | Balance as of | ||||||||||
December 31, | and/or Out of | June 30, | ||||||||||
2008 | Level 3 | 2009 | ||||||||||
Assets: | ||||||||||||
Common Stock | $ | 58,546 | $ | (58,546 | ) | $ | — | |||||
Total | $ | 58,546 | $ | (58,546 | ) | $ | — | |||||
The accompanying notes are an integral part of these financial statements.
126
Table of Contents
Hartford International Small Company HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 96.5% | ||||||||||||
Australia — 8.1% | ||||||||||||
314 | AJ Lucas Group Ltd. | $ | 801 | |||||||||
312 | Aquarius Platinum Ltd. | 1,200 | ||||||||||
257 | Ausenco Ltd. | 836 | ||||||||||
197 | Bendigo and Adelaide Bank Ltd. | 1,102 | ||||||||||
179 | Brambles Ltd. | 856 | ||||||||||
82 | Campbell Brothers | 1,362 | ||||||||||
886 | Incitec Pivot Ltd. | 1,687 | ||||||||||
317 | Karoon Gas Australia Ltd. (D) | 2,310 | ||||||||||
103 | NuFarm Ltd. | 763 | ||||||||||
67 | Sims Metal Management Ltd. | 1,387 | ||||||||||
430 | Whitehaven Coal Ltd. | 1,082 | ||||||||||
35 | Worleyparsons Ltd. | 665 | ||||||||||
14,051 | ||||||||||||
Belgium — 1.5% | ||||||||||||
18 | CFE | 715 | ||||||||||
6 | D’ieteren S.A. | 1,252 | ||||||||||
29 | Umicore | 665 | ||||||||||
2,632 | ||||||||||||
Brazil — 1.8% | ||||||||||||
68 | GVT Holding S.A. (D) | 1,124 | ||||||||||
62 | Hypermarcas S.A. (D) | 763 | ||||||||||
115 | Lojas Americanas S.A. | 535 | ||||||||||
— | Lupatech S.A. — Rights (H)(A) | — | ||||||||||
65 | Natura Cosmeticos S.A. | 848 | ||||||||||
3,270 | ||||||||||||
Canada — 0.5% | ||||||||||||
17 | First Quantum Minerals Ltd. | 823 | ||||||||||
Cayman Islands — 0.7% | ||||||||||||
389 | Li Ning Co., Ltd. | 1,141 | ||||||||||
China — 0.7% | ||||||||||||
310 | 361 Degrees International Ltd. (D) | 156 | ||||||||||
35 | Perfect World Co., Ltd. ADR (D) | 987 | ||||||||||
1,143 | ||||||||||||
Finland — 2.0% | ||||||||||||
37 | Kone Oyj Class B | 1,132 | ||||||||||
73 | Nokian Rendaat Oyj | 1,382 | ||||||||||
48 | Outotec Oyj | 1,132 | ||||||||||
3,646 | ||||||||||||
France — 10.6% | ||||||||||||
25 | April Group | 832 | ||||||||||
14 | BioMerieux S.A. | 1,207 | ||||||||||
39 | Bureau Veritas S.A. | 1,930 | ||||||||||
30 | Eurofins Scientific | 1,762 | ||||||||||
6 | Guerbet S.A. | 875 | ||||||||||
19 | Imerys S.A. (D) | 791 | ||||||||||
4 | Imerys S.A. — New (D) | 144 | ||||||||||
57 | Klepierre | 1,475 | ||||||||||
40 | Maurel ET Prom | 684 | ||||||||||
21 | Orpea (D) | 939 | ||||||||||
51 | Scor SE | 1,045 | ||||||||||
19 | Seche Environment | 1,073 | ||||||||||
59 | Sechilienne S.A. | 2,068 | ||||||||||
10 | Vallourec | 1,181 | ||||||||||
19 | Vilmorin & Cie | 1,827 | ||||||||||
10 | Virbac S.A. | 834 | ||||||||||
18,667 | ||||||||||||
Germany — 4.2% | ||||||||||||
94 | ElringKlinger AG | 1,566 | ||||||||||
18 | Hochtief AG | 907 | ||||||||||
118 | Kontron AG | 1,519 | ||||||||||
85 | Praktiker Bau-Und Heimwerkermaerkte Holding AG | 827 | ||||||||||
19 | Salzgitter AG | 1,659 | ||||||||||
7 | Vossloh AG | 836 | ||||||||||
7,314 | ||||||||||||
Guernsey Channel Isle — 0.5% | ||||||||||||
416 | London & Stamford Property Ltd. | 807 | ||||||||||
Hong Kong — 2.9% | ||||||||||||
317 | ASM Pacific Technology | 1,619 | ||||||||||
450 | China High Speed Transmission | 892 | ||||||||||
1,271 | Noble Group Ltd. | 1,584 | ||||||||||
2,808 | Sa Sa International Holdings Ltd. | 1,051 | ||||||||||
5,146 | ||||||||||||
India — 0.1% | ||||||||||||
2 | Educomp Solutions Ltd. (D) | 151 | ||||||||||
Indonesia — 0.5% | ||||||||||||
1,412 | PT Bank Rakyat Indonesia | 865 | ||||||||||
Israel — 0.5% | ||||||||||||
350 | Bank Hapoalim B.M. (D) | 927 | ||||||||||
Italy — 2.3% | ||||||||||||
96 | Bulgari S.p.A. | 515 | ||||||||||
58 | DiaSorin S.p.A. | 1,452 | ||||||||||
63 | Finmeccanica S.p.A. | 893 | ||||||||||
647 | Immobiliare Grande Distribuzione | 1,132 | ||||||||||
3,992 | ||||||||||||
Japan — 25.6% | ||||||||||||
82 | Aeon Delight Co., Ltd. | 1,331 | ||||||||||
171 | Asics Corp. | 1,559 | ||||||||||
233 | Bank of Yokohama Ltd. | 1,247 | ||||||||||
17 | Benesse Corp. | 694 | ||||||||||
48 | Capcom Co., Ltd. | 863 | ||||||||||
1 | Cyberagent, Inc. | 974 | ||||||||||
1 | EPS Co., Ltd. | 1,924 | ||||||||||
38 | FamilyMart Co., Ltd. | 1,191 | ||||||||||
79 | Hitachi Metals Ltd. | 673 | ||||||||||
46 | Ibiden Co., Ltd. | 1,295 | ||||||||||
51 | Jafco Co., Ltd. | 1,726 | ||||||||||
2 | Jupiter Telecommunications Co., Ltd. | 1,344 | ||||||||||
22 | Kobayashi Pharmaceutical Co., Ltd. | 848 | ||||||||||
64 | Mandom Corp. | 1,453 | ||||||||||
97 | Modec, Inc. | 1,702 | ||||||||||
53 | Moshi Moshi Hotline, Inc. | 1,090 | ||||||||||
129 | Nabtesco Corp. | 1,272 | ||||||||||
20 | Nidec Corp. | 1,242 | ||||||||||
175 | Nippon Carbon Co., Ltd. | 488 | ||||||||||
94 | Nippon Denko Co., Ltd. | 625 | ||||||||||
55 | Nippon Electric Glass Co., Ltd. | 615 | ||||||||||
6 | OBIC Co., Ltd. | 1,035 | ||||||||||
— | Osaka Securities Exchange Co., Ltd. | 1,963 | ||||||||||
29 | Point, Inc. | 1,584 | ||||||||||
113 | Securities Carbon Ltd. | 832 | ||||||||||
— | Seven Bank Ltd. | 640 | ||||||||||
189 | Shinko Plantech Co., Ltd. | 1,495 | ||||||||||
158 | Shionogi & Co., Ltd. | 3,049 | ||||||||||
127 | Square Enix Holdings Co., Ltd. | 2,973 | ||||||||||
40 | Sugi Holdings Co., Ltd. | 829 |
The accompanying notes are an integral part of these financial statements.
127 ��
Table of Contents
Hartford International Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Japan — (continued) | ||||||||||||
59 | Sundrug Co., Ltd. | $ | 1,304 | |||||||||
131 | Taiyo Nippon Sanso Corp. | 1,252 | ||||||||||
66 | Tokyo Ohka Kogyo Co., Ltd. | 1,266 | ||||||||||
256 | Toyo Engineering Corp. | 865 | ||||||||||
84 | Toyota Boshoku Corp. | 1,245 | ||||||||||
44,488 | ||||||||||||
Jersey — 0.7% | ||||||||||||
19 | Rangold Resources Ltd. | 1,193 | ||||||||||
Netherlands — 0.5% | ||||||||||||
15 | Smit International N.V. | 881 | ||||||||||
Norway — 1.6% | ||||||||||||
226 | Kongsberg Gruppen ASA | 2,781 | ||||||||||
Russia — 0.6% | ||||||||||||
19 | Wimm-Bill-Dann Foods (D) | 1,028 | ||||||||||
Singapore — 0.8% | ||||||||||||
1,099 | Goodpack Ltd. | 692 | ||||||||||
508 | Hyflux Ltd. | 769 | ||||||||||
1,461 | ||||||||||||
South Korea — 3.0% | ||||||||||||
14 | GS Engineering & Construction Corp. | 797 | ||||||||||
47 | Korea Plant Service & Engineering Co., Ltd. (D) | 1,229 | ||||||||||
7 | Megastudy Co., Ltd. | 1,307 | ||||||||||
19 | Mirae Asset Securities Co., Ltd. | 1,050 | ||||||||||
6 | OCI Co., Ltd. | 1,001 | ||||||||||
5,384 | ||||||||||||
Spain — 0.5% | ||||||||||||
50 | Grifols S.A. | 894 | ||||||||||
Sweden — 2.6% | ||||||||||||
81 | Bjoern Borg AB | 600 | ||||||||||
137 | Lundin Petroleum Ab (D) | 1,062 | ||||||||||
91 | Sweco Ab | 459 | ||||||||||
153 | Swedish Match Ab | 2,495 | ||||||||||
4,616 | ||||||||||||
Switzerland — 8.4% | ||||||||||||
15 | Bachem Holding AG Class B | 943 | ||||||||||
139 | Dufry Group | 5,340 | ||||||||||
58 | Logitech International S.A. (D) | 805 | ||||||||||
18 | Panalpina Welttransport Holding AG | 1,321 | ||||||||||
101 | Paris RE Holdings Ltd. | 1,636 | ||||||||||
132 | Temenos Group AG (D) | 2,249 | ||||||||||
7 | Valiant Holding AG | 1,316 | ||||||||||
1 | Vetropack Holding | 841 | ||||||||||
14,451 | ||||||||||||
United Kingdom — 15.3% | ||||||||||||
83 | AMEC plc | 896 | ||||||||||
580 | Arm Holdings plc | 1,145 | ||||||||||
190 | Babcock International Group plc | 1,507 | ||||||||||
351 | Brown(N) Group plc | 1,242 | ||||||||||
164 | Catlin Group Ltd. | 869 | ||||||||||
50 | Chemring Group plc | 1,803 | ||||||||||
409 | Clapham House Group plc (D) | 478 | ||||||||||
61 | Close Brothers Group plc | 657 | ||||||||||
145 | Connaught plc | 899 | ||||||||||
310 | Domino’s Pizza UK & IRL plc | 1,052 | ||||||||||
952 | Hampson Industries plc | 1,066 | ||||||||||
619 | Hansteen Holdings plc | 806 | ||||||||||
619 | Hansteen Holdings plc — Open Offer (H) | 41 | ||||||||||
220 | ICAP plc | 1,642 | ||||||||||
111 | James Fisher & Sons plc | 752 | ||||||||||
39 | Johnson Matthey plc | 737 | ||||||||||
170 | Lancashire Holdings Ltd. (D) | 1,305 | ||||||||||
310 | Mears Group plc | 1,158 | ||||||||||
338 | Resolution plc (D) | 495 | ||||||||||
158 | Rightmove | 916 | ||||||||||
74 | Rotork plc | 1,010 | ||||||||||
132 | SSL International plc | 1,126 | ||||||||||
88 | Ultra Electronics Holdings plc | 1,578 | ||||||||||
43 | Vedanta Resources plc | 913 | ||||||||||
186 | VT Group plc | 1,387 | ||||||||||
98 | Wellstream Holdings plc | 828 | ||||||||||
26,308 | ||||||||||||
Total common stocks (cost $166,786) | $ | 168,060 | ||||||||||
Total long-term investments (cost $166,786) | $ | 168,060 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 3.3% | ||||||||||||
Repurchase Agreements — 3.3% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $356, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $363) | ||||||||||||
$ | 356 | 0.09%, 6/30/2009 | $ | 356 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,281, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,346) | ||||||||||||
3,281 | 0.05%, 6/30/2009 | 3,281 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $825, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $841) | ||||||||||||
825 | 0.09%, 6/30/2009 | 825 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,236, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,261) | ||||||||||||
1,236 | 0.08%, 6/30/2009 | 1,236 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
5,699 | ||||||||||||
Total short-term investments (cost $5,699) | $ | 5,699 | ||||||||||
Total investments (cost $172,485) (C) | 99.8 | % | $ | 173,759 | ||||||||
Other assets and liabilities | 0.2 | % | 380 | |||||||||
Total net assets | 100.0 | % | $ | 174,139 | ||||||||
The accompanying notes are an integral part of these financial statements.
128
Table of Contents
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 96.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $174,683 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 17,905 | ||
Unrealized Depreciation | (18,829 | ) | ||
Net Unrealized Depreciation | $ | (924 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $ — , which represents 0.00% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2009 | 619 | Hansteen Holdings plc — Open Offer | $ | — | ||||||
06/2009 | — | Lupatech S.A. — Rights | — |
The aggregate value of these securities at June 30, 2009 was $41 which represents 0.02% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Sell) | $ | 1,004 | $ | 1,002 | 07/02/09 | $ | (2 | ) | ||||||||
British Pound (Buy) | 211 | 213 | 07/01/09 | (2 | ) | |||||||||||
British Pound (Buy) | 57 | 57 | 07/02/09 | — | ||||||||||||
Euro (Sell) | 919 | 922 | 07/01/09 | 3 | ||||||||||||
Euro (Buy) | 176 | 177 | 07/02/09 | (1 | ) | |||||||||||
Hong Kong Dollar (Buy) | 249 | 249 | 07/02/09 | — | ||||||||||||
Japanese Yen (Sell) | 137 | 138 | 07/01/09 | 1 | ||||||||||||
Japanese Yen (Buy) | 732 | 736 | 07/02/09 | (4 | ) | |||||||||||
Swedish Krona (Sell) | 59 | 59 | 07/02/09 | — | ||||||||||||
$ | (5 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.4 | % | ||
Banks | 3.5 | |||
Capital Goods | 13.9 | |||
Commercial & Professional Services | 7.2 | |||
Consumer Durables & Apparel | 2.2 | |||
Consumer Services | 2.1 | |||
Diversified Financials | 4.3 | |||
Energy | 6.6 | |||
Food & Staples Retailing | 1.9 | |||
Food, Beverage & Tobacco | 3.0 | |||
Health Care Equipment & Services | 3.2 | |||
Household & Personal Products | 2.2 | |||
Insurance | 3.3 | |||
Materials | 10.1 | |||
Media | 1.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.4 | |||
Real Estate | 2.5 | |||
Retailing | 6.8 | |||
Semiconductors & Semiconductor Equipment | 2.5 | |||
Software & Services | 4.7 | |||
Technology Hardware & Equipment | 2.9 | |||
Telecommunication Services | 0.6 | % | ||
Transportation | 1.7 | |||
Utilities | 1.6 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
129
Table of Contents
Hartford International Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 168,060 | $ | 5,585 | $ | 162,475 | $ | — | ||||||||
Short-Term Investments | 5,699 | — | 5,699 | — | ||||||||||||
Total | $ | 173,759 | $ | 5,585 | $ | 168,174 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 9 | $ | — | $ | 9 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
130
Table of Contents
Hartford LargeCap Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.7% | ||||||||||||
Capital Goods — 5.6% | ||||||||||||
7 | 3M Co. | $ | 409 | |||||||||
11 | AMETEK, Inc. | 370 | ||||||||||
9 | Danaher Corp. | 574 | ||||||||||
10 | Donaldson Co., Inc. | 357 | ||||||||||
13 | Emerson Electric Co. | 435 | ||||||||||
23 | Graco, Inc. | 513 | ||||||||||
14 | Honeywell International, Inc. | 440 | ||||||||||
6 | Lockheed Martin Corp. | 490 | ||||||||||
6 | Roper Industries, Inc. | 258 | ||||||||||
11 | Thomas & Betts Corp. (D) | 326 | ||||||||||
20 | TransDigm Group, Inc. (D) | 735 | ||||||||||
14 | United Technologies Corp. | 701 | ||||||||||
5,608 | ||||||||||||
Commercial & Professional Services — 0.9% | ||||||||||||
7 | Dun & Bradstreet Corp. | 585 | ||||||||||
9 | Iron Mountain, Inc. (D) | 253 | ||||||||||
838 | ||||||||||||
Consumer Durables & Apparel — 0.3% | ||||||||||||
13 | Coach, Inc. | 336 | ||||||||||
Consumer Services — 7.2% | ||||||||||||
10 | Apollo Group, Inc. Class A (D) | 726 | ||||||||||
19 | Brinker International, Inc. | 330 | ||||||||||
10 | Brinks Home Security Holding (D) | 275 | ||||||||||
3 | Chipotle Mexican Grill, Inc. (D) | 272 | ||||||||||
14 | Choice Hotels International, Inc. | 370 | ||||||||||
14 | Darden Restaurants, Inc. | 465 | ||||||||||
6 | DeVry, Inc. | 315 | ||||||||||
23 | Hillenbrand, Inc. | 379 | ||||||||||
8 | ITT Educational Services, Inc. (D) | 825 | ||||||||||
16 | McDonald’s Corp. | 914 | ||||||||||
10 | Panera Bread Co. Class A (D) | 509 | ||||||||||
3 | Strayer Education, Inc. | 613 | ||||||||||
20 | WMS Industries, Inc. (D) | 636 | ||||||||||
20 | Yum! Brands, Inc. | 664 | ||||||||||
7,293 | ||||||||||||
Diversified Financials — 4.2% | ||||||||||||
20 | Charles Schwab Corp. | 356 | ||||||||||
19 | Eaton Vance Corp. | 513 | ||||||||||
12 | Federated Investors, Inc. | 299 | ||||||||||
6 | Franklin Resources, Inc. | 396 | ||||||||||
26 | Moody’s Corp. | 690 | ||||||||||
12 | Morgan Stanley | 351 | ||||||||||
17 | MSCI, Inc. (D) | 413 | ||||||||||
23 | SEI Investments Co. | 407 | ||||||||||
6 | T. Rowe Price Group, Inc. | 262 | ||||||||||
18 | Waddell and Reed Financial, Inc. Class A | 483 | ||||||||||
4,170 | ||||||||||||
Energy — 2.7% | ||||||||||||
10 | Dresser-Rand Group, Inc. (D) | 256 | ||||||||||
15 | Exxon Mobil Corp. | 1,026 | ||||||||||
31 | Holly Corp. | 552 | ||||||||||
26 | Patterson-UTI Energy, Inc. | 337 | ||||||||||
43 | Tesoro Corp. | 550 | ||||||||||
2,721 | ||||||||||||
Food & Staples Retailing — 1.8% | ||||||||||||
12 | CVS/Caremark Corp. | 395 | ||||||||||
20 | Kroger Co. | 434 | ||||||||||
21 | Wal-Mart Stores, Inc. | 1,025 | ||||||||||
1,854 | ||||||||||||
Food, Beverage & Tobacco — 6.0% | ||||||||||||
19 | Altria Group, Inc. | 305 | ||||||||||
10 | Archer Daniels Midland Co. | 276 | ||||||||||
7 | Brown-Forman Corp. | 301 | ||||||||||
21 | Coca-Cola Co. | 1,027 | ||||||||||
9 | General Mills, Inc. | 482 | ||||||||||
19 | H.J. Heinz Co. | 686 | ||||||||||
9 | Hansen National Corp. (D) | 290 | ||||||||||
6 | Kellogg Co. | 274 | ||||||||||
15 | Molson Coors Brewing Co. | 614 | ||||||||||
14 | PepsiCo, Inc. | 756 | ||||||||||
23 | Philip Morris International, Inc. | 1,012 | ||||||||||
6,023 | ||||||||||||
Health Care Equipment & Services — 8.5% | ||||||||||||
43 | Allscripts Misys Healthcare Solution | 684 | ||||||||||
23 | Amerisource Bergen Corp. | 401 | ||||||||||
5 | Bard (C.R.), Inc. | 361 | ||||||||||
11 | Baxter International, Inc. | 561 | ||||||||||
7 | Becton, Dickinson & Co. | 471 | ||||||||||
7 | Cerner Corp. (D) | 411 | ||||||||||
16 | Coventry Health Care, Inc. (D) | 307 | ||||||||||
13 | Express Scripts, Inc. (D) | 873 | ||||||||||
8 | Henry Schein, Inc. (D) | 374 | ||||||||||
20 | Hospira, Inc. (D) | 786 | ||||||||||
6 | IDEXX Laboratories, Inc. (D) | 296 | ||||||||||
10 | McKesson Corp. | 449 | ||||||||||
17 | Medco Health Solutions, Inc. (D) | 793 | ||||||||||
20 | Medtronic, Inc. | 699 | ||||||||||
7 | Quest Diagnostics, Inc. | 367 | ||||||||||
11 | St. Jude Medical, Inc. (D) | 449 | ||||||||||
6 | Teleflex, Inc. | 269 | ||||||||||
8,551 | ||||||||||||
Household & Personal Products — 4.8% | ||||||||||||
22 | Alberto-Culver Co. | 557 | ||||||||||
7 | Church & Dwight Co., Inc. | 386 | ||||||||||
13 | Colgate-Palmolive Co. | 920 | ||||||||||
16 | Herbalife Ltd. | 495 | ||||||||||
14 | Mead Johnson Nutrition Co. | 435 | ||||||||||
40 | Procter & Gamble Co. | 2,033 | ||||||||||
4,826 | ||||||||||||
Insurance — 0.3% | ||||||||||||
13 | Brown & Brown, Inc. | 259 | ||||||||||
Materials — 5.2% | ||||||||||||
4 | CF Industries Holdings, Inc. | 319 | ||||||||||
12 | Compass Minerals Group, Inc. | 670 | ||||||||||
12 | Crown Holdings, Inc. (D) | 292 | ||||||||||
8 | FMC Corp. | 364 | ||||||||||
10 | Monsanto Co. | 723 | ||||||||||
15 | Mosaic Co. | 648 | ||||||||||
10 | Owens-Illinois, Inc. (D) | 275 | ||||||||||
5 | Praxair, Inc. | 320 | ||||||||||
13 | Scotts Miracle-Gro Co. Class A | 442 | ||||||||||
8 | Sigma-Aldrich Corp. | 401 | ||||||||||
30 | Terra Industries, Inc. | 715 | ||||||||||
5,169 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
131
Table of Contents
Hartford LargeCap Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Media — 2.5% | ||||||||||||
20 | Comcast Corp. Class A | $ | 287 | |||||||||
33 | Discovery Communications, Inc. (D) | 680 | ||||||||||
17 | Marvel Entertainment, Inc. (D) | 616 | ||||||||||
11 | McGraw-Hill Cos., Inc. | 325 | ||||||||||
11 | Scripps Networks Interactive Class A | 306 | ||||||||||
43 | Warner Music Group Corp. (D) | 251 | ||||||||||
2,465 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.3% | ||||||||||||
23 | Abbott Laboratories | 1,059 | ||||||||||
6 | Allergan, Inc. | 290 | ||||||||||
13 | Amgen, Inc. (D) | 699 | ||||||||||
9 | Biogen Idec, Inc. (D) | 388 | ||||||||||
28 | Bristol-Myers Squibb Co. | 577 | ||||||||||
16 | Eli Lilly & Co. | 544 | ||||||||||
10 | Gilead Sciences, Inc. (D) | 478 | ||||||||||
37 | Johnson & Johnson | 2,080 | ||||||||||
17 | Merck & Co., Inc. | 483 | ||||||||||
6 | Millipore Corp. (D) | 449 | ||||||||||
64 | Mylan, Inc. (D) | 838 | ||||||||||
20 | OSI Pharmaceuticals, Inc. (D) | 553 | ||||||||||
11 | Perrigo Co. | 314 | ||||||||||
15 | Pharmaceutical Product Development, Inc. | 337 | ||||||||||
7 | Waters Corp. (D) | 350 | ||||||||||
9,439 | ||||||||||||
Retailing — 8.9% | ||||||||||||
11 | Advance Automotive Parts, Inc. | 473 | ||||||||||
24 | Aeropostale, Inc. (D) | 805 | ||||||||||
9 | Amazon.com, Inc. (D) | 720 | ||||||||||
17 | AutoNation, Inc. (D) | 286 | ||||||||||
2 | AutoZone, Inc. (D) | 348 | ||||||||||
13 | Bed Bath & Beyond, Inc. (D) | 412 | ||||||||||
10 | Best Buy Co., Inc. | 345 | ||||||||||
29 | Chico’s FAS, Inc. (D) | 285 | ||||||||||
12 | Dollar Tree, Inc. (D) | 513 | ||||||||||
17 | Gap, Inc. | 271 | ||||||||||
15 | Home Depot, Inc. | 342 | ||||||||||
9 | Kohl’s Corp. (D) | 385 | ||||||||||
15 | Lowe’s Co., Inc. | 299 | ||||||||||
22 | Netflix, Inc. (D) | 901 | ||||||||||
17 | Penske Automotive Group, Inc. | 288 | ||||||||||
19 | PetSmart, Inc. | 404 | ||||||||||
5 | Priceline.com, Inc. (D) | 552 | ||||||||||
18 | RadioShack Corp. | 247 | ||||||||||
8 | Ross Stores, Inc. | 301 | ||||||||||
7 | Sherwin-Williams Co. | 355 | ||||||||||
10 | Target Corp. | 383 | ||||||||||
8,915 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.5% | ||||||||||||
35 | Altera Corp. | 568 | ||||||||||
12 | Analog Devices, Inc. | 287 | ||||||||||
19 | Cree, Inc. (D) | 561 | ||||||||||
38 | Intel Corp. | 622 | ||||||||||
12 | Linear Technology Corp. | 287 | ||||||||||
21 | Marvell Technology Group Ltd. (D) | 247 | ||||||||||
18 | Varian Semiconductor Equipment Associates, Inc. (D) | 442 | ||||||||||
23 | Xilinx, Inc. | 479 | ||||||||||
3,493 | ||||||||||||
Software & Services — 13.5% | ||||||||||||
63 | Activision Blizzard, Inc. (D) | 795 | ||||||||||
15 | Adobe Systems, Inc. (D) | 424 | ||||||||||
27 | Autodesk, Inc. (D) | 505 | ||||||||||
12 | Automatic Data Processing, Inc. | 432 | ||||||||||
31 | Broadridge Financial Solutions, Inc. | 516 | ||||||||||
28 | Cognizant Technology Solutions Corp. (D) | 734 | ||||||||||
10 | Factset Research Systems, Inc. | 474 | ||||||||||
5 | Google, Inc. (D) | 1,984 | ||||||||||
12 | Hewitt Associates, Inc. (D) | 342 | ||||||||||
15 | Intuit, Inc. (D) | 434 | ||||||||||
2 | Mastercard, Inc. | 341 | ||||||||||
8 | McAfee, Inc. (D) | 354 | ||||||||||
112 | Microsoft Corp. | 2,672 | ||||||||||
53 | Oracle Corp. | 1,144 | ||||||||||
18 | Paychex, Inc. | 459 | ||||||||||
24 | Red Hat, Inc. (D) | 479 | ||||||||||
12 | Sohu.com, Inc. (D) | 748 | ||||||||||
31 | Western Union Co. | 503 | ||||||||||
17 | Yahoo!, Inc. (D) | 271 | ||||||||||
13,611 | ||||||||||||
Technology Hardware & Equipment — 11.7% | ||||||||||||
14 | Amphenol Corp. Class A | 453 | ||||||||||
14 | Apple, Inc. (D) | 1,965 | ||||||||||
82 | Cisco Systems, Inc. (D) | 1,534 | ||||||||||
29 | Corning, Inc. | 469 | ||||||||||
37 | Dell, Inc. (D) | 514 | ||||||||||
12 | Dolby Laboratories, Inc. Class A (D) | 447 | ||||||||||
22 | EMC Corp. (D) | 292 | ||||||||||
15 | Hewlett-Packard Co. | 578 | ||||||||||
17 | IBM Corp. | 1,767 | ||||||||||
23 | Juniper Networks, Inc. (D) | 536 | ||||||||||
23 | QLogic Corp. (D) | 287 | ||||||||||
29 | Qualcomm, Inc. | 1,330 | ||||||||||
12 | Teradata Corp. (D) | 274 | ||||||||||
38 | Western Digital Corp. (D) | 1,007 | ||||||||||
14 | Zebra Technologies Corp. Class A (D) | 336 | ||||||||||
11,789 | ||||||||||||
Transportation — 0.3% | ||||||||||||
6 | C.H. Robinson Worldwide, Inc. | 297 | ||||||||||
Utilities — 1.5% | ||||||||||||
36 | AES Corp. (D) | 418 | ||||||||||
57 | CenterPoint Energy, Inc. | 631 | ||||||||||
20 | Constellation Energy Group, Inc. | 534 | ||||||||||
1,583 | ||||||||||||
Total common stocks (cost $97,919) | $ | 99,240 | ||||||||||
EXCHANGE TRADED FUNDS — 0.1% | ||||||||||||
Other Investment Pools and Funds — 0.1% | ||||||||||||
3 | iShares Russell 1000 | $ | 115 | |||||||||
Total exchange traded funds (cost $129) | $ | 115 | ||||||||||
Total long-term investments (cost $98,048) | $ | 99,355 | ||||||||||
The accompanying notes are an integral part of these financial statements.
132
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||||||
Repurchase Agreements — 1.2% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $982, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $999) | ||||||||||||
$ | 982 | 0.01%, 6/30/2009 | $ | 982 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $184, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $187) | ||||||||||||
184 | 0.01%, 6/30/2009 | 184 | ||||||||||
1,166 | ||||||||||||
U.S. Treasury Bills — 0.3% | ||||||||||||
376 | 0.13%, 7/16/2009 (S)(M) | 376 | ||||||||||
Total short-term investments (cost $1,542) | $ | 1,542 | ||||||||||
Total investments (cost $99,590) (C) | 100.3 | % | $ | 100,897 | ||||||||
Other assets and liabilities | (0.3 | )% | (308 | ) | ||||||||
Total net assets | 100.0 | % | $ | 100,589 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.7% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $100,238 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 5,411 | ||
Unrealized Depreciation | (4,752 | ) | ||
Net Unrealized Appreciation | $ | 659 | ||
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
S&P 500 Mini | 21 | Long | Sep 2009 | $ | (12 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 99,240 | $ | 99,240 | $ | — | $ | — | ||||||||
Exchange Traded Funds | 115 | 115 | — | — | ||||||||||||
Short-Term Investments | 1,542 | — | 1,542 | — | ||||||||||||
Total | $ | 100,897 | $ | 99,355 | $ | 1,542 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 12 | $ | 12 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
133
Table of Contents
Hartford MidCap HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.4% | ||||||||||||
Banks — 3.7% | ||||||||||||
5,207 | Huntington Bancshares, Inc. | $ | 21,767 | |||||||||
244 | M&T Bank Corp. | 12,413 | ||||||||||
403 | PNC Financial Services Group, Inc. | 15,646 | ||||||||||
937 | SunTrust Banks, Inc. | 15,414 | ||||||||||
65,240 | ||||||||||||
Capital Goods — 9.0% | ||||||||||||
619 | AMETEK, Inc. | 21,408 | ||||||||||
883 | BE Aerospace, Inc. (D) | 12,674 | ||||||||||
281 | Carlisle Cos., Inc. | 6,751 | ||||||||||
386 | Illinois Tool Works, Inc. | 14,424 | ||||||||||
376 | Kennametal, Inc. | 7,210 | ||||||||||
823 | Lennox International, Inc. | 26,410 | ||||||||||
788 | Masco Corp. | 7,545 | ||||||||||
967 | PACCAR, Inc. | 31,441 | ||||||||||
337 | Parker-Hannifin Corp. | 14,477 | ||||||||||
242 | Precision Castparts Corp. | 17,688 | ||||||||||
160,028 | ||||||||||||
Commercial & Professional Services — 2.2% | ||||||||||||
179 | Dun & Bradstreet Corp. | 14,545 | ||||||||||
126 | Herman Miller, Inc. | 1,933 | ||||||||||
200 | HNI Corp. | 3,612 | ||||||||||
805 | Republic Services, Inc. | 19,661 | ||||||||||
39,751 | ||||||||||||
Consumer Durables & Apparel — 2.1% | ||||||||||||
1,571 | Mattel, Inc. | 25,215 | ||||||||||
26 | NVR, Inc. (D) | 13,012 | ||||||||||
38,227 | ||||||||||||
Consumer Services — 5.1% | ||||||||||||
341 | Apollo Group, Inc. Class A (D) | 24,273 | ||||||||||
563 | Corinthian Colleges, Inc. (D) | 9,532 | ||||||||||
223 | DeVry, Inc. | 11,174 | ||||||||||
213 | ITT Educational Services, Inc. (D) | 21,461 | ||||||||||
456 | Scientific Games Corp. Class A (D) | 7,192 | ||||||||||
77 | Strayer Education, Inc. | 16,838 | ||||||||||
90,470 | ||||||||||||
Diversified Financials — 0.5% | ||||||||||||
49 | BlackRock, Inc. | 8,578 | ||||||||||
Energy — 7.4% | ||||||||||||
890 | Denbury Resources, Inc. (D) | 13,114 | ||||||||||
618 | Forest Oil Corp. (D) | 9,215 | ||||||||||
278 | Helmerich & Payne, Inc. | 8,572 | ||||||||||
608 | Nabors Industries Ltd. (D) | 9,465 | ||||||||||
429 | Noble Energy, Inc. | 25,269 | ||||||||||
451 | Overseas Shipholding Group, Inc. | 15,341 | ||||||||||
553 | Smith International, Inc. | 14,232 | ||||||||||
592 | St. Mary Land & Exploration Co. | 12,363 | ||||||||||
594 | Ultra Petroleum Corp. (D) | 23,154 | ||||||||||
130,725 | ||||||||||||
Food & Staples Retailing — 1.4% | ||||||||||||
442 | BJ’s Wholesale Club, Inc. (D) | 14,258 | ||||||||||
433 | Kroger Co. | 9,539 | ||||||||||
123 | Supervalu, Inc. | 1,594 | ||||||||||
25,391 | ||||||||||||
Food, Beverage & Tobacco — 2.4% | ||||||||||||
1,331 | Coca-Cola Enterprises, Inc. | 22,161 | ||||||||||
209 | J.M. Smucker Co. | 10,180 | ||||||||||
151 | Ralcorp Holdings, Inc. (D) | 9,217 | ||||||||||
41,558 | ||||||||||||
Health Care Equipment & Services — 10.0% | ||||||||||||
584 | Beckman Coulter, Inc. | 33,376 | ||||||||||
218 | Cerner Corp. (D) | 13,567 | ||||||||||
691 | Coventry Health Care, Inc. (D) | 12,936 | ||||||||||
124 | Edwards Lifesciences Corp. (D) | 8,429 | ||||||||||
249 | Humana, Inc. (D) | 8,039 | ||||||||||
494 | Omnicare, Inc. | 12,726 | ||||||||||
1,260 | Patterson Cos., Inc. (D) | 27,331 | ||||||||||
739 | St. Jude Medical, Inc. (D) | 30,356 | ||||||||||
180 | Universal Health Services, Inc. Class B | 8,778 | ||||||||||
186 | Varian Medical Systems, Inc. (D) | 6,522 | ||||||||||
358 | Zimmer Holdings, Inc. (D) | 15,238 | ||||||||||
177,298 | ||||||||||||
Household & Personal Products — 0.8% | ||||||||||||
259 | Clorox Co. | 14,454 | ||||||||||
Insurance — 7.1% | ||||||||||||
682 | Aflac, Inc. | 21,203 | ||||||||||
364 | AON Corp. | 13,770 | ||||||||||
305 | Everest Re Group Ltd. | 21,850 | ||||||||||
416 | Fidelity National Financial, Inc. | 5,623 | ||||||||||
149 | First American Financial Corp. | 3,858 | ||||||||||
473 | Marsh & McLennan Cos., Inc. | 9,526 | ||||||||||
1,764 | Unum Group | 27,982 | ||||||||||
1,008 | W.R. Berkley Corp. | 21,651 | ||||||||||
125,463 | ||||||||||||
Materials — 3.4% | ||||||||||||
371 | Ball Corp. | 16,768 | ||||||||||
275 | Cliff’s Natural Resources, Inc. | 6,719 | ||||||||||
250 | FMC Corp. | 11,830 | ||||||||||
503 | Nucor Corp. | 22,353 | ||||||||||
57,670 | ||||||||||||
Media — 2.7% | ||||||||||||
1,259 | DreamWorks Animation SKG, Inc. (D) | 34,744 | ||||||||||
474 | Scripps Networks Interactive Class A | 13,191 | ||||||||||
47,935 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 5.1% | ||||||||||||
1,170 | Amylin Pharmaceuticals, Inc. (D) | 15,793 | ||||||||||
1,230 | King Pharmaceuticals, Inc. (D) | 11,849 | ||||||||||
578 | Life Technologies Corp. (D) | 24,110 | ||||||||||
356 | Pharmaceutical Product Development, Inc. | 8,255 | ||||||||||
514 | Regeneron Pharmaceuticals, Inc. (D) | 9,216 | ||||||||||
259 | Vertex Pharmaceuticals, Inc. (D) | 9,245 | ||||||||||
402 | Watson Pharmaceuticals, Inc. (D) | 13,543 | ||||||||||
92,011 | ||||||||||||
Real Estate — 2.7% | ||||||||||||
214 | CB Richard Ellis Group, Inc. Class A (D) | 2,006 | ||||||||||
1,016 | Host Hotels & Resorts, Inc. | 8,524 | ||||||||||
310 | Liberty Property Trust | 7,150 | ||||||||||
162 | Public Storage | 10,578 | ||||||||||
385 | Simon Property Group, Inc. | 19,786 | ||||||||||
48,044 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
134
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Retailing — 8.0% | ||||||||||||
554 | Advance Automotive Parts, Inc. | $ | 22,973 | |||||||||
130 | AutoZone, Inc. (D) | 19,584 | ||||||||||
628 | Best Buy Co., Inc. | 21,018 | ||||||||||
1,860 | Office Depot, Inc. (D) | 8,480 | ||||||||||
753 | O’Reilly Automotive, Inc. (D) | 28,686 | ||||||||||
312 | Sherwin-Williams Co. | 16,781 | ||||||||||
1,189 | Staples, Inc. | 23,986 | ||||||||||
141,508 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.1% | ||||||||||||
694 | Altera Corp. | 11,290 | ||||||||||
1,010 | Lam Research Corp. (D) | 26,258 | ||||||||||
37,548 | ||||||||||||
Software & Services — 7.6% | ||||||||||||
250 | Adobe Systems, Inc. (D) | 7,067 | ||||||||||
211 | BMC Software, Inc. (D) | 7,116 | ||||||||||
209 | Factset Research Systems, Inc. | 10,398 | ||||||||||
380 | Global Payments, Inc. | 14,231 | ||||||||||
618 | Micros Systems (D) | 15,648 | ||||||||||
1,288 | Red Hat, Inc. (D) | 25,927 | ||||||||||
695 | VeriSign, Inc. (D) | 12,838 | ||||||||||
2,556 | Western Union Co. | 41,912 | ||||||||||
135,137 | ||||||||||||
Technology Hardware & Equipment — 6.4% | ||||||||||||
599 | Diebold, Inc. | 15,787 | ||||||||||
73 | Itron, Inc. (D) | 4,009 | ||||||||||
376 | Juniper Networks, Inc. (D) | 8,869 | ||||||||||
79 | National Instruments Corp. | 1,780 | ||||||||||
1,464 | NCR Corp. (D) | 17,319 | ||||||||||
1,722 | NetApp, Inc. (D) | 33,954 | ||||||||||
263 | Tandberg ASA | 4,429 | ||||||||||
1,152 | Teradata Corp. (D) | 26,982 | ||||||||||
113,129 | ||||||||||||
Telecommunication Services — 1.0% | ||||||||||||
573 | American Tower Corp. Class A (D) | 18,060 | ||||||||||
Transportation — 1.1% | ||||||||||||
412 | J.B. Hunt Transport Services, Inc. | 12,575 | ||||||||||
206 | Landstar System, Inc. | 7,405 | ||||||||||
19,980 | ||||||||||||
Utilities — 5.6% | ||||||||||||
1,404 | Northeast Utilities | 31,328 | ||||||||||
1,374 | UGI Corp. | 35,031 | ||||||||||
403 | Wisconsin Energy Corp. | 16,386 | ||||||||||
824 | Xcel Energy, Inc. | 15,162 | ||||||||||
97,907 | ||||||||||||
Total common stocks (cost $1,801,584) | $ | 1,726,112 | ||||||||||
Total long-term investments (cost $1,801,584) | $ | 1,726,112 | ||||||||||
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 1.9% | ||||||||||||
Repurchase Agreements — 1.9% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,100, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $2,142) | ||||||||||||
$ | 2,100 | 0.09%, 6/30/2009 | $ | 2,100 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $19,337, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $19,724) | ||||||||||||
19,337 | 0.05%, 6/30/2009 | 19,337 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,863, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $4,960) | ||||||||||||
4,863 | 0.09%, 6/30/2009 | 4,863 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $7,285, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $7,430) | ||||||||||||
7,285 | 0.08%, 6/30/2009 | 7,285 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $6, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $7) | ||||||||||||
6 | 0.03%, 6/30/2009 | 6 | ||||||||||
33,591 | ||||||||||||
Total short-term investments (cost $33,591) | $ | 33,591 | ||||||||||
Total investments (cost $1,835,175) (C) | 99.3 | % | $ | 1,759,703 | ||||||||
Other assets and liabilities | 0.7 | % | 11,773 | |||||||||
Total net assets | 100.0 | % | $ | 1,771,476 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.3% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange.
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,839,262 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 125,377 | ||
Unrealized Depreciation | (204,936 | ) | ||
Net Unrealized Depreciation | $ | (79,559 | ) | |
(D) | Currently non-income producing | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
135
Table of Contents
Hartford MidCap HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,726,112 | $ | 1,721,683 | $ | 4,429 | $ | — | ||||||||
Short-Term Investments | 33,591 | — | 33,591 | — | ||||||||||||
Total | $ | 1,759,703 | $ | 1,721,683 | $ | 38,020 | $ | — | ||||||||
The accompanying notes are an integral part of these financial statements.
136
Table of Contents
Hartford MidCap Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.9% | ||||||||||||
Capital Goods — 10.1% | ||||||||||||
7 | Alliant Techsystems, Inc. (D) | $ | 535 | |||||||||
9 | AMETEK, Inc. | 318 | ||||||||||
27 | Armstrong World Industries, Inc. (D) | 445 | ||||||||||
19 | Donaldson Co., Inc. | 641 | ||||||||||
4 | Flowserve Corp. | 244 | ||||||||||
18 | Fluor Corp. | 921 | ||||||||||
10 | Graco, Inc. | 212 | ||||||||||
8 | Harsco Corp. | 229 | ||||||||||
15 | Jacobs Engineering Group, Inc. (D) | 651 | ||||||||||
6 | Joy Global, Inc. | 214 | ||||||||||
67 | Masco Corp. | 641 | ||||||||||
17 | McDermott International, Inc. (D) | 345 | ||||||||||
23 | Owens Corning, Inc. (D) | 288 | ||||||||||
6 | Precision Castparts Corp. | 457 | ||||||||||
19 | Shaw Group, Inc. (D) | 526 | ||||||||||
14 | Sunpower Corp. (D) | 381 | ||||||||||
11 | Thomas & Betts Corp. (D) | 317 | ||||||||||
7 | Toro Co. | 218 | ||||||||||
10 | TransDigm Group, Inc. (D) | 344 | ||||||||||
12 | URS Corp. (D) | 614 | ||||||||||
8,541 | ||||||||||||
Commercial & Professional Services — 2.8% | ||||||||||||
7 | Copart, Inc. (D) | 232 | ||||||||||
8 | Dun & Bradstreet Corp. | 663 | ||||||||||
9 | Equifax, Inc. (D) | 222 | ||||||||||
4 | FTI Consulting, Inc. (D) | 213 | ||||||||||
16 | Iron Mountain, Inc. (D) | 463 | ||||||||||
50 | R.R. Donnelley & Sons Co. | 582 | ||||||||||
2,375 | ||||||||||||
Consumer Durables & Apparel — 3.0% | ||||||||||||
27 | Coach, Inc. | 720 | ||||||||||
13 | Garmin Ltd. | 300 | ||||||||||
14 | MDC Holdings, Inc. | 424 | ||||||||||
5 | Polo Ralph Lauren Corp. | 281 | ||||||||||
93 | Pulte Homes, Inc. | 818 | ||||||||||
2,543 | ||||||||||||
Consumer Services — 6.1% | ||||||||||||
12 | Apollo Group, Inc. Class A (D) | 850 | ||||||||||
13 | Brinker International, Inc. | 220 | ||||||||||
12 | Burger King Holdings, Inc. | 204 | ||||||||||
14 | Darden Restaurants, Inc. | 455 | ||||||||||
6 | DeVry, Inc. | 278 | ||||||||||
27 | H & R Block, Inc. | 471 | ||||||||||
24 | International Game Technology | 388 | ||||||||||
5 | ITT Educational Services, Inc. (D) | 510 | ||||||||||
17 | Marriott International, Inc. Class A | 381 | ||||||||||
35 | MGM Mirage, Inc. (D) | 224 | ||||||||||
6 | Panera Bread Co. Class A (D) | 282 | ||||||||||
2 | Strayer Education, Inc. | 362 | ||||||||||
11 | Tim Hortons, Inc. | 257 | ||||||||||
10 | WMS Industries, Inc. (D) | 321 | ||||||||||
5,203 | ||||||||||||
Diversified Financials — 7.1% | ||||||||||||
18 | Ameriprise Financial, Inc. | 439 | ||||||||||
22 | Eaton Vance Corp. | 586 | ||||||||||
11 | Federated Investors, Inc. | 253 | ||||||||||
5 | IntercontinentalExchange, Inc. (D) | 605 | ||||||||||
13 | Jefferies Group, Inc. | 269 | ||||||||||
9 | Lazard Ltd. | 247 | ||||||||||
37 | Moody’s Corp. | 980 | ||||||||||
26 | MSCI, Inc. (D) | 643 | ||||||||||
18 | SEI Investments Co. | 318 | ||||||||||
17 | T. Rowe Price Group, Inc. | 712 | ||||||||||
29 | TD Ameritrade Holding Corp. (D) | 514 | ||||||||||
20 | Waddell and Reed Financial, Inc. Class A | 522 | ||||||||||
6,088 | ||||||||||||
Energy — 4.7% | ||||||||||||
23 | Cameron International Corp. (D) | 646 | ||||||||||
5 | Diamond Offshore Drilling, Inc. | 403 | ||||||||||
28 | Exterran Holdings, Inc. (D) | 446 | ||||||||||
27 | Frontier Oil Corp. | 351 | ||||||||||
15 | Helmerich & Payne, Inc. | 457 | ||||||||||
5 | Oceaneering International, Inc. (D) | 244 | ||||||||||
30 | Patterson-UTI Energy, Inc. | 391 | ||||||||||
10 | Pride International, Inc. (D) | 248 | ||||||||||
63 | Tesoro Corp. | 807 | ||||||||||
3,993 | ||||||||||||
Food, Beverage & Tobacco — 5.3% | ||||||||||||
9 | Brown-Forman Corp. | 396 | ||||||||||
17 | Campbell Soup Co. | 497 | ||||||||||
19 | Coca-Cola Enterprises, Inc. | 316 | ||||||||||
35 | Dean Foods Co. (D) | 678 | ||||||||||
29 | H.J. Heinz Co. | 1,023 | ||||||||||
10 | Hershey Co. | 349 | ||||||||||
7 | Hormel Foods Corp. | 238 | ||||||||||
13 | Lorillard, Inc. | 860 | ||||||||||
7 | McCormick & Co., Inc. | 221 | ||||||||||
4,578 | ||||||||||||
Health Care Equipment & Services — 8.2% | ||||||||||||
12 | Amerisource Bergen Corp. | 209 | ||||||||||
11 | Bard (C.R.), Inc. | 826 | ||||||||||
5 | Cerner Corp. (D) | 330 | ||||||||||
13 | CIGNA Corp. | 318 | ||||||||||
36 | Coventry Health Care, Inc. (D) | 668 | ||||||||||
11 | Dentsply International, Inc. | 348 | ||||||||||
5 | Gen-Probe, Inc. (D) | 202 | ||||||||||
12 | Henry Schein, Inc. (D) | 566 | ||||||||||
11 | Hospira, Inc. (D) | 432 | ||||||||||
20 | Humana, Inc. (D) | 652 | ||||||||||
1 | Intuitive Surgical, Inc. (D) | 221 | ||||||||||
13 | Laboratory Corp. of America Holdings (D) | 914 | ||||||||||
12 | Lincare Holdings, Inc. (D) | 285 | ||||||||||
11 | Omnicare, Inc. | 286 | ||||||||||
14 | Quest Diagnostics, Inc. | 762 | ||||||||||
7,019 | ||||||||||||
Household & Personal Products — 1.3% | ||||||||||||
18 | Avon Products, Inc. | 468 | ||||||||||
6 | Clorox Co. | 352 | ||||||||||
9 | Herbalife Ltd. | 287 | ||||||||||
1,107 | ||||||||||||
Insurance — 1.5% | ||||||||||||
11 | Arthur J. Gallagher & Co. | 241 | ||||||||||
18 | Lincoln National Corp. | 303 | ||||||||||
26 | Principal Financial Group, Inc. | 495 | ||||||||||
15 | Progressive Corp. | 227 | ||||||||||
1,266 | ||||||||||||
Materials — 5.3% | ||||||||||||
38 | Ashland, Inc. | 1,069 | ||||||||||
5 | CF Industries Holdings, Inc. | 381 |
The accompanying notes are an integral part of these financial statements.
137
Table of Contents
Hartford MidCap Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Materials — (continued) | ||||||||||||
23 | Cliff’s Natural Resources, Inc. | $ | 554 | |||||||||
8 | Lubrizol Corp. | 364 | ||||||||||
23 | Owens-Illinois, Inc. (D) | 653 | ||||||||||
24 | Pactiv Corp. (D) | 525 | ||||||||||
8 | Schnitzer Steel Industries, Inc. | 418 | ||||||||||
11 | Terra Industries, Inc. | 265 | ||||||||||
8 | Walter Energy, Inc. | 282 | ||||||||||
4,511 | ||||||||||||
Media — 2.0% | ||||||||||||
14 | Discovery Communications, Inc. (D) | 292 | ||||||||||
11 | Marvel Entertainment, Inc. (D) | 377 | ||||||||||
24 | McGraw-Hill Cos., Inc. | 711 | ||||||||||
12 | Scripps Networks Interactive Class A | 331 | ||||||||||
1,711 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 3.4% | ||||||||||||
5 | Alexion Pharmaceuticals, Inc. (D) | 218 | ||||||||||
5 | Millipore Corp. (D) | 323 | ||||||||||
17 | OSI Pharmaceuticals, Inc. (D) | 469 | ||||||||||
40 | Sepracor, Inc. (D) | 686 | ||||||||||
30 | Valeant Pharmaceuticals International (D) | 761 | ||||||||||
9 | Waters Corp. (D) | 448 | ||||||||||
2,905 | ||||||||||||
Real Estate — 1.4% | ||||||||||||
20 | Plum Creek Timber Co., Inc. | 581 | ||||||||||
10 | Public Storage | 628 | ||||||||||
1,209 | ||||||||||||
Retailing — 7.9% | ||||||||||||
6 | Advance Automotive Parts, Inc. | 261 | ||||||||||
36 | Aeropostale, Inc. (D) | 1,248 | ||||||||||
2 | AutoZone, Inc. (D) | 374 | ||||||||||
17 | Bed Bath & Beyond, Inc. (D) | 532 | ||||||||||
14 | CarMax, Inc. (D) | 210 | ||||||||||
51 | Chico’s FAS, Inc. (D) | 491 | ||||||||||
8 | Dollar Tree, Inc. (D) | 320 | ||||||||||
19 | Expedia, Inc. (D) | 289 | ||||||||||
17 | Limited Brands, Inc. | 208 | ||||||||||
18 | LKQ Corp. (D) | 291 | ||||||||||
10 | Netflix, Inc. (D) | 430 | ||||||||||
12 | Nordstrom, Inc. | 231 | ||||||||||
13 | PetSmart, Inc. | 268 | ||||||||||
6 | Priceline.com, Inc. (D) | 652 | ||||||||||
18 | Ross Stores, Inc. | 679 | ||||||||||
12 | TJX Cos., Inc. | 381 | ||||||||||
6,865 | ||||||||||||
Semiconductors & Semiconductor Equipment — 9.4% | ||||||||||||
35 | Altera Corp. | 568 | ||||||||||
30 | Analog Devices, Inc. | 744 | ||||||||||
9 | Cree, Inc. (D) | 256 | ||||||||||
52 | Cypress Semiconductor Corp. (D) | 479 | ||||||||||
35 | Integrated Device Technology, Inc. (D) | 209 | ||||||||||
20 | Intersil Corp. | 254 | ||||||||||
36 | Linear Technology Corp. | 850 | ||||||||||
69 | Marvell Technology Group Ltd. (D) | 797 | ||||||||||
12 | Microchip Technology, Inc. | 273 | ||||||||||
67 | National Semiconductor Corp. | 843 | ||||||||||
40 | Novellus Systems, Inc. (D) | 666 | ||||||||||
86 | NVIDIA Corp. (D) | 975 | ||||||||||
21 | Varian Semiconductor Equipment Associates, Inc. (D) | 497 | ||||||||||
31 | Xilinx, Inc. | 626 | ||||||||||
8,037 | ||||||||||||
Software & Services — 9.5% | ||||||||||||
37 | Autodesk, Inc. (D) | 693 | ||||||||||
8 | BMC Software, Inc. (D) | 270 | ||||||||||
32 | Broadridge Financial Solutions, Inc. | 536 | ||||||||||
28 | CA, Inc. | 485 | ||||||||||
12 | Citrix Systems, Inc. (D) | 370 | ||||||||||
43 | Electronic Arts, Inc. (D) | 923 | ||||||||||
8 | Factset Research Systems, Inc. | 399 | ||||||||||
6 | Fiserv, Inc. (D) | 288 | ||||||||||
14 | Lender Processing Services | 380 | ||||||||||
25 | Metavante Technologies (D) | 649 | ||||||||||
112 | Novell, Inc. (D) | 506 | ||||||||||
29 | Paychex, Inc. | 731 | ||||||||||
45 | Red Hat, Inc. (D) | 906 | ||||||||||
14 | SAIC, Inc. (D) | 251 | ||||||||||
8 | Salesforce.com, Inc. (D) | 300 | ||||||||||
24 | VeriSign, Inc. (D) | 446 | ||||||||||
8,133 | ||||||||||||
Technology Hardware & Equipment — 5.5% | ||||||||||||
19 | Diebold, Inc. | 496 | ||||||||||
6 | Dolby Laboratories, Inc. Class A (D) | 209 | ||||||||||
11 | F5 Networks, Inc. (D) | 370 | ||||||||||
4 | Itron, Inc. (D) | 226 | ||||||||||
42 | JDS Uniphase Corp. (D) | 241 | ||||||||||
27 | NCR Corp. (D) | 324 | ||||||||||
36 | NetApp, Inc. (D) | 712 | ||||||||||
45 | QLogic Corp. (D) | 567 | ||||||||||
26 | Teradata Corp. (D) | 616 | ||||||||||
25 | Western Digital Corp. (D) | 664 | ||||||||||
10 | Zebra Technologies Corp. Class A (D) | 234 | ||||||||||
4,659 | ||||||||||||
Telecommunication Services — 1.1% | ||||||||||||
38 | SBA Communications Corp. (D) | 938 | ||||||||||
Transportation — 1.2% | ||||||||||||
11 | C.H. Robinson Worldwide, Inc. | 556 | ||||||||||
14 | Expeditors International of Washington, Inc. | 473 | ||||||||||
1,029 | ||||||||||||
Utilities — 1.1% | ||||||||||||
38 | AES Corp. (D) | 440 | ||||||||||
20 | Calpine Corp. (D) | 219 | ||||||||||
7 | PPL Corp. | 227 | ||||||||||
886 | ||||||||||||
Total common stocks (cost $79,305) | $ | 83,596 | ||||||||||
EXCHANGE TRADED FUNDS — 0.2% | ||||||||||||
Other Investment Pools and Funds — 0.2% | ||||||||||||
4 | iShares Russell Midcap Growth | $ | 152 | |||||||||
Total exchange traded funds (cost $121) | $ | 152 | ||||||||||
Total long-term investments (cost $79,426) | $ | 83,748 | ||||||||||
The accompanying notes are an integral part of these financial statements.
138
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 2.1% | ||||||||||||
Repurchase Agreements — 1.7% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,195, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $1,216) | ||||||||||||
$ | 1,195 | 0.01%, 6/30/2009 | $ | 1,195 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $224, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $228) | ||||||||||||
224 | 0.01%, 6/30/2009 | 224 | ||||||||||
1,419 | ||||||||||||
U.S. Treasury Bills — 0.4% | ||||||||||||
395 | 0.09%, 7/16/2009 (S)(M) | 395 | ||||||||||
Total short-term investments (cost $1,814) | $ | 1,814 | ||||||||||
Total investments (cost $81,240) (C) | 100.2 | % | $ | 85,562 | ||||||||
Other assets and liabilities | (0.2 | )% | (144 | ) | ||||||||
Total net assets | 100.0 | % | $ | 85,418 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.3% of total net assets at June 30, 2009. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $85,436 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 5,920 | ||
Unrealized Depreciation | (5,794 | ) | ||
Net Unrealized Appreciation | $ | 126 | ||
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
S&P MidCap 400 Mini | 19 | Long | Sep 2009 | $ | 4 |
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 83,596 | $ | 83,596 | $ | — | $ | — | ||||||||
Exchange Traded Funds | 152 | 152 | — | — | ||||||||||||
Short-Term Investments | 1,814 | — | 1,814 | — | ||||||||||||
Total | $ | 85,562 | $ | 83,748 | $ | 1,814 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 4 | $ | 4 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
139
Table of Contents
Hartford MidCap Value HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.9% | ||||||||||||
Automobiles & Components — 1.1% | ||||||||||||
408 | TRW Automotive Holdings Corp. (D) | $ | 4,605 | |||||||||
Banks — 3.5% | ||||||||||||
90 | Beneficial Mutual Bancorp, Inc. (D) | 867 | ||||||||||
144 | Comerica, Inc. | 3,052 | ||||||||||
577 | Huntington Bancshares, Inc. | 2,412 | ||||||||||
34 | M&T Bank Corp. | 1,747 | ||||||||||
620 | Popular, Inc. | 1,364 | ||||||||||
51 | Signature Bank (D) | 1,391 | ||||||||||
232 | SunTrust Banks, Inc. | 3,823 | ||||||||||
14,656 | ||||||||||||
Capital Goods — 6.8% | ||||||||||||
31 | AGCO Corp. (D) | 898 | ||||||||||
33 | Alliant Techsystems, Inc. (D) | 2,751 | ||||||||||
105 | AMETEK, Inc. | 3,624 | ||||||||||
76 | Dover Corp. | 2,498 | ||||||||||
148 | Kennametal, Inc. | 2,837 | ||||||||||
262 | Pentair, Inc. | 6,700 | ||||||||||
114 | Teledyne Technologies, Inc. (D) | 3,727 | ||||||||||
111 | URS Corp. (D) | 5,507 | ||||||||||
28,542 | ||||||||||||
Commercial & Professional Services — 0.7% | ||||||||||||
239 | R.R. Donnelley & Sons Co. | 2,775 | ||||||||||
Consumer Durables & Apparel — 5.6% | ||||||||||||
255 | Mattel, Inc. | 4,086 | ||||||||||
313 | MDC Holdings, Inc. | 9,428 | ||||||||||
248 | Toll Brothers, Inc. (D) | 4,200 | ||||||||||
99 | V.F. Corp. | 5,480 | ||||||||||
23,194 | ||||||||||||
Diversified Financials — 8.9% | ||||||||||||
79 | Affiliated Managers Group, Inc. (D) | 4,597 | ||||||||||
277 | Ameriprise Financial, Inc. | 6,721 | ||||||||||
350 | CIT Group, Inc. | 752 | ||||||||||
326 | Invesco Ltd. | 5,809 | ||||||||||
718 | PHH Corp. (D) | 13,061 | ||||||||||
356 | TD Ameritrade Holding Corp. (D) | 6,239 | ||||||||||
37,179 | ||||||||||||
Energy — 5.7% | ||||||||||||
210 | Cie Gen Geophysique ADR (D) | 3,791 | ||||||||||
238 | Newfield Exploration Co. (D) | 7,785 | ||||||||||
60 | Noble Energy, Inc. | 3,544 | ||||||||||
140 | SBM Offshore N.V | 2,410 | ||||||||||
49 | Smith International, Inc. | 1,264 | ||||||||||
269 | Weatherford International Ltd. (D) | 5,262 | ||||||||||
24,056 | ||||||||||||
Food, Beverage & Tobacco — 5.0% | ||||||||||||
85 | Bunge Ltd. Finance Corp. | 5,103 | ||||||||||
4,750 | Chaoda Modern Agriculture | 2,778 | ||||||||||
5,654 | First Pacific Co., Ltd. | 3,238 | ||||||||||
283 | Marfig Frigorificos E Comer (D) | 2,096 | ||||||||||
5,254 | Marine Harvest (D) | 3,533 | ||||||||||
210 | Perdigao S.A. (D) | 3,982 | ||||||||||
20,730 | ||||||||||||
Health Care Equipment & Services — 4.7% | ||||||||||||
265 | Amerisource Bergen Corp. | 4,708 | ||||||||||
357 | CIGNA Corp. | 8,610 | ||||||||||
59 | Laboratory Corp. of America Holdings (D) | 4,027 | ||||||||||
68 | West Pharmaceutical Services | 2,366 | ||||||||||
19,711 | ||||||||||||
Insurance — 9.9% | ||||||||||||
106 | Everest Re Group Ltd. | 7,615 | ||||||||||
162 | Fidelity National Financial, Inc. | 2,190 | ||||||||||
83 | First American Financial Corp. | 2,138 | ||||||||||
60 | PartnerRe Ltd. | 3,884 | ||||||||||
213 | Platinum Underwriters Holdings Ltd. | 6,092 | ||||||||||
199 | Principal Financial Group, Inc. | 3,747 | ||||||||||
245 | Reinsurance Group of America, Inc. | 8,564 | ||||||||||
467 | Unum Group | 7,404 | ||||||||||
41,634 | ||||||||||||
Materials — 7.3% | ||||||||||||
106 | Agrium U.S., Inc. | 4,233 | ||||||||||
143 | Cliff’s Natural Resources, Inc. | 3,497 | ||||||||||
91 | Cytec Industries, Inc. | 1,701 | ||||||||||
140 | FMC Corp. | 6,617 | ||||||||||
108 | Greif, Inc. | 4,789 | ||||||||||
208 | Owens-Illinois, Inc. (D) | 5,834 | ||||||||||
189 | Pactiv Corp. (D) | 4,093 | ||||||||||
30,764 | ||||||||||||
Media — 2.1% | ||||||||||||
955 | Virgin Media, Inc. | 8,930 | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 4.5% | ||||||||||||
123 | Endo Pharmaceuticals Holdings, Inc. (D) | 2,208 | ||||||||||
5 | H. Lundbeck A/S | 88 | ||||||||||
1,102 | Impax Laboratories, Inc. (D) | 8,111 | ||||||||||
508 | King Pharmaceuticals, Inc. (D) | 4,890 | ||||||||||
236 | Theravance, Inc. (D) | 3,456 | ||||||||||
18,753 | ||||||||||||
Real Estate — 3.6% | ||||||||||||
2,976 | Chimera Investment Corp. | 10,386 | ||||||||||
290 | Kimco Realty Corp. | 2,918 | ||||||||||
238 | MFA Mortgage Investments, Inc. | 1,644 | ||||||||||
14,948 | ||||||||||||
Retailing — 4.6% | ||||||||||||
425 | American Eagle Outfitters, Inc. | 6,020 | ||||||||||
5,788 | Buck Holdings L.P. (H)(D)(A) | 6,877 | ||||||||||
25 | Genuine Parts Co. | 842 | ||||||||||
185 | TJX Cos., Inc. | 5,804 | ||||||||||
19,543 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.8% | ||||||||||||
56 | Linear Technology Corp. | 1,308 | ||||||||||
578 | Teradyne, Inc. (D) | 3,963 | ||||||||||
436 | Varian Semiconductor Equipment Associates, Inc. (D) | 10,448 | ||||||||||
15,719 | ||||||||||||
Software & Services — 2.5% | ||||||||||||
31 | CACI International, Inc. Class A (D) | 1,307 | ||||||||||
147 | McAfee, Inc. (D) | 6,210 | ||||||||||
178 | Western Union Co. | 2,914 | ||||||||||
10,431 | ||||||||||||
Technology Hardware & Equipment — 7.0% | ||||||||||||
470 | Arrow Electronics, Inc. (D) | 9,978 | ||||||||||
1,084 | Flextronics International Ltd. (D) | 4,454 |
The accompanying notes are an integral part of these financial statements.
140
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — (continued) | ||||||||||||
455 | JDS Uniphase Corp. (D) | $ | 2,604 | |||||||||
10,725 | Kingboard Laminates Holdings | 5,398 | ||||||||||
177 | NetApp, Inc. (D) | 3,488 | ||||||||||
452 | Solar Cayman Ltd. (H)(D)(A) | 3,612 | ||||||||||
29,534 | ||||||||||||
Transportation — 2.9% | ||||||||||||
128 | Con-way, Inc. | 4,509 | ||||||||||
1,292 | Delta Air Lines, Inc. (D) | 7,482 | ||||||||||
11,991 | ||||||||||||
Utilities — 8.7% | ||||||||||||
107 | Allegheny Energy, Inc. | 2,750 | ||||||||||
108 | Edison International | 3,407 | ||||||||||
803 | N.V. Energy, Inc. | 8,667 | ||||||||||
429 | Northeast Utilities | 9,569 | ||||||||||
226 | UGI Corp. | 5,763 | ||||||||||
152 | Wisconsin Energy Corp. | 6,192 | ||||||||||
36,348 | ||||||||||||
Total common stocks (cost $470,435) | $ | 414,043 | ||||||||||
Total long-term investments (cost $470,435) | $ | 414,043 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||||||||
Repurchase Agreements — 0.9% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $231, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $236) | ||||||||||||
$ | 231 | 0.09%, 6/30/2009 | $ | 231 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,127, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $2,169) | ||||||||||||
2,126 | 0.05%, 6/30/2009 | 2,126 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $535, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $545) | ||||||||||||
535 | 0.09%, 6/30/2009 | 535 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $801, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $817) | ||||||||||||
801 | 0.08%, 6/30/2009 | 801 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
3,694 | ||||||||||||
Total short-term investments (cost $3,694) | $ | 3,694 | ||||||||||
Total investments (cost $474,129) (C) | 99.8 | % | $ | 417,737 | ||||||||
Other assets and liabilities | 0.2 | % | 915 | |||||||||
Total net assets | 100.0 | % | $ | 418,652 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 7.6% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $485,117 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 27,355 | ||
Unrealized Depreciation | (94,735 | ) | ||
Net Unrealized Depreciation | $ | (67,380 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $10,489, which represents 2.51% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 5,788 | Buck Holdings L.P. | $ | 5,795 | ||||||
03/2007 | 452 | Solar Cayman Ltd.-144A | 6,307 |
The aggregate value of these securities at June 30, 2009 was $10,489 which represents 2.51% of total net assets. |
The accompanying notes are an integral part of these financial statements.
141
Table of Contents
Hartford MidCap Value HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Danish Krone (Sell) | $ | 261 | $ | 262 | 07/01/09 | $ | 1 | |||||||||
Danish Krone (Sell) | 517 | 519 | 07/02/09 | 2 | ||||||||||||
Danish Krone (Sell) | 324 | 324 | 07/06/09 | — | ||||||||||||
Hong Kong Dollar (Sell) | 89 | 89 | 07/02/09 | — | ||||||||||||
Hong Kong Dollar (Sell) | 56 | 56 | 07/06/09 | — | ||||||||||||
Norwegian Krone (Sell) | 44 | 44 | 07/01/09 | — | ||||||||||||
Norwegian Krone (Sell) | 135 | 135 | 07/02/09 | — | ||||||||||||
$ | 3 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 414,043 | $ | 386,109 | $ | 17,445 | $ | 10,489 | ||||||||
Short-Term Investments | 3,694 | — | 3,694 | — | ||||||||||||
Total | $ | 417,737 | $ | 386,109 | $ | 21,139 | $ | 10,489 | ||||||||
Other Financial Instruments (Q) | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | Balance as of | |||||||||||||||||
December 31, | Unrealized | and/or Out of | June 30, | |||||||||||||||||
2008 | Appreciation | Net Sales | Level 3 | 2009 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Common Stock | $ | 20,264 | $ | 90 | * | $ | (471 | ) | $ | (9,394 | ) | $ | 10,489 | |||||||
Total | $ | 20,264 | $ | 90 | $ | (471 | ) | $ | (9,394 | ) | $ | 10,489 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $90. |
The accompanying notes are an integral part of these financial statements.
142
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CERTIFICATES OF DEPOSIT — 1.6% | ||||||||||||
Finance — 1.6% | ||||||||||||
BNP Paribas | ||||||||||||
$ | 27,000 | 0.26%, 08/18/2009 | $ | 27,000 | ||||||||
BNP Paribas Finance | ||||||||||||
21,500 | 0.71%, 07/13/2009 | 21,500 | ||||||||||
Royal Bank of Canada NY | ||||||||||||
9,000 | 0.27%, 08/26/2009 | 9,000 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
14,500 | 0.22%, 07/15/2009 | 14,500 | ||||||||||
72,000 | ||||||||||||
Total certificates of deposit (cost $72,000) | $ | 72,000 | ||||||||||
COMMERCIAL PAPER — 34.9% | ||||||||||||
Basic Materials — 1.1% | ||||||||||||
Praxair, Inc. | ||||||||||||
$ | 33,400 | 0.20%, 07/29/2009 — 07/30/2009 | $ | 33,395 | ||||||||
16,500 | 0.35%, 07/16/2009 | 16,497 | ||||||||||
49,892 | ||||||||||||
Consumer Staples — 4.5% | ||||||||||||
Coca Cola Co. | ||||||||||||
28,000 | 0.20%, 07/29/2009 — 08/19/2009 | 27,995 | ||||||||||
10,750 | 0.22%, 08/21/2009 | 10,746 | ||||||||||
28,000 | 0.50%, 10/05/2009 | 27,963 | ||||||||||
Colgate-Palmolive Co. | ||||||||||||
20,750 | 0.18%, 07/10/2009 | 20,749 | ||||||||||
21,000 | 0.20%, 07/02/2009 | 21,000 | ||||||||||
Proctor & Gamble | ||||||||||||
32,750 | 0.18%, 07/08/2009 (I) | 32,749 | ||||||||||
41,000 | 0.20%, 07/30/2009 — 08/10/2009 (I) | 40,993 | ||||||||||
15,250 | 0.25%, 09/14/2009 (I) | 15,242 | ||||||||||
197,437 | ||||||||||||
Energy — 1.0% | ||||||||||||
ConocoPhillips | ||||||||||||
45,500 | 0.22%, 07/09/2009 (I) | 45,498 | ||||||||||
Finance — 13.4% | ||||||||||||
Citigroup Funding, Inc. | ||||||||||||
47,500 | 0.20%, 09/10/2009 | 47,481 | ||||||||||
42,000 | 0.25%, 08/10/2009 | 41,989 | ||||||||||
European Investment Bank | ||||||||||||
23,500 | 0.21%, 08/17/2009 | 23,494 | ||||||||||
General Electric Capital Corp. | ||||||||||||
74,000 | 0.23%, 07/30/2009 — 09/02/2009 | 73,977 | ||||||||||
JP Morgan Chase Funding, Inc. | ||||||||||||
32,000 | 0.25%, 07/08/2009 — 08/31/2009 | 31,995 | ||||||||||
23,500 | 0.30%, 07/14/2009 | 23,497 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||
25,250 | 0.17%, 08/04/2009 (I) | 25,246 | ||||||||||
43,000 | 0.20%, 07/24/2009 (I) | 42,995 | ||||||||||
20,500 | 0.31%, 09/24/2009 (I) | 20,486 | ||||||||||
25,000 | 0.32%, 10/08/2009 (I) | 24,978 | ||||||||||
19,500 | 0.33%, 08/12/2009 (I) | 19,493 | ||||||||||
Queensland Treasury Corp. | ||||||||||||
15,000 | 0.42%, 08/31/2009 | 14,989 | ||||||||||
20,750 | 0.50%, 10/06/2009 | 20,722 | ||||||||||
32,750 | 0.62%, 07/20/2009 | 32,739 | ||||||||||
Rabobank USA | ||||||||||||
9,750 | 0.19%, 07/16/2009 | 9,749 | ||||||||||
24,500 | 0.25%, 09/03/2009 | 24,489 | ||||||||||
8,500 | 0.30%, 08/21/2009 | 8,497 | ||||||||||
13,250 | 0.64%, 07/06/2009 | 13,249 | ||||||||||
Royal Bank of Scotland plc | ||||||||||||
26,000 | 0.19%, 08/27/2009 | 25,992 | ||||||||||
State Street Corp. | ||||||||||||
33,000 | 0.22%, 08/14/2009 | 32,991 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
19,250 | 0.35%, 10/21/2009 (I) | 19,229 | ||||||||||
Wells Fargo | ||||||||||||
19,500 | 0.05%, 07/01/2009 | 19,500 | ||||||||||
597,777 | ||||||||||||
Foreign Governments — 10.5% | ||||||||||||
British Columbia (Province of) | ||||||||||||
20,500 | 0.18%, 08/26/2009 | 20,494 | ||||||||||
42,250 | 0.23%, 09/01/2009 — 09/08/2009 | 42,233 | ||||||||||
19,000 | 0.28%, 10/06/2009 | 18,986 | ||||||||||
7,000 | 0.29%, 08/20/2009 | 6,997 | ||||||||||
23,250 | 0.42%, 07/14/2009 | 23,246 | ||||||||||
Canada (Government of) | ||||||||||||
35,250 | 0.23%, 10/06/2009 | 35,228 | ||||||||||
44,750 | 0.25%, 09/11/2009 | 44,728 | ||||||||||
31,250 | 0.58%, 08/07/2009 | 31,231 | ||||||||||
Ontario (Province of) | ||||||||||||
11,300 | 0.20%, 07/08/2009 | 11,300 | ||||||||||
41,500 | 0.22%, 08/04/2009 | 41,491 | ||||||||||
25,250 | 0.23%, 08/13/2009 | 25,243 | ||||||||||
26,750 | 0.24%, 09/09/2009 | 26,737 | ||||||||||
Quebec (Province of) | ||||||||||||
26,250 | 0.20%, 07/09/2009 (M) | 26,249 | ||||||||||
29,000 | 0.23%, 08/24/2009 | 28,990 | ||||||||||
8,000 | 0.27%, 07/21/2009 | 7,999 | ||||||||||
43,250 | 0.28%, 08/04/2009 | 43,239 | ||||||||||
26,750 | 0.45%, 07/20/2009 | 26,744 | ||||||||||
461,135 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Abbott Laboratories | ||||||||||||
19,850 | 0.20%, 07/28/2009 | 19,847 | ||||||||||
11,500 | 0.21%, 08/31/2009 (I) | 11,496 | ||||||||||
31,343 | ||||||||||||
Technology — 1.3% | ||||||||||||
Microsoft Corp. | ||||||||||||
34,250 | 0.20%, 08/21/2009 | 34,241 | ||||||||||
23,600 | 0.23%, 07/07/2009 | 23,599 | ||||||||||
57,840 | ||||||||||||
Transportation — 1.1% | ||||||||||||
General Dynamics Corp. | ||||||||||||
49,500 | 0.21%, 07/01/2009 (I) | 49,500 | ||||||||||
Utilities — 1.3% | ||||||||||||
Florida Power And Light Co. | ||||||||||||
23,000 | 0.17%, 07/06/2009 | 22,999 | ||||||||||
9,100 | 0.20%, 07/07/2009 | 9,100 | ||||||||||
23,250 | 0.23%, 07/27/2009 | 23,246 | ||||||||||
55,345 | ||||||||||||
Total commercial paper (cost $1,545,767) | $ | 1,545,767 | ||||||||||
CORPORATE NOTES — 4.2% | ||||||||||||
Finance — 4.2% | ||||||||||||
American Honda Finance Corp. | ||||||||||||
$ | 25,750 | 0.76%, 09/18/2009 (I)(L) | $ | 25,750 | ||||||||
Australia & New Zealand Banking Group Ltd. | ||||||||||||
26,250 | 1.04%, 10/02/2009 (I)(L)(?) | 26,250 | ||||||||||
Bank of Nova Scotia | ||||||||||||
25,250 | 1.42%, 08/10/2009 (I)(L) | 25,250 | ||||||||||
John Deere Capital Corp. | ||||||||||||
22,300 | 0.71%, 09/01/2009 (L) | 22,297 |
The accompanying notes are an integral part of these financial statements.
143
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE NOTES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Royal Bank of Canada | ||||||||||||
$ | 21,250 | 0.74%, 10/15/2009 (I)(L) | $ | 21,250 | ||||||||
Royal Bank of Scotland plc | ||||||||||||
25,750 | 1.03%, 10/09/2009 (I)(L)(BB) | 25,750 | ||||||||||
Wachovia Bank NA | ||||||||||||
34,000 | 1.59%, 08/04/2009 (L)(BB) | 34,000 | ||||||||||
180,547 | ||||||||||||
Total corporate notes (cost $180,547) | $ | 180,547 | ||||||||||
REPURCHASE AGREEMENTS — 2.9% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $107,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $109,237) | ||||||||||||
$ | 107,371 | 0.01% dated 06/30/2009 | $ | 107,371 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $20,153, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $20,501) | ||||||||||||
20,153 | 0.01% dated 06/30/2009 | 20,153 | ||||||||||
Total repurchase agreements (cost $127,524) | $ | 127,524 | ||||||||||
Shares | ||||||||||||
INVESTMENT POOLS AND FUNDS — 5.4% | ||||||||||||
117,418 | JP Morgan U.S. Government Money Market Fund | 117,418 | ||||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
117,624 | Wells Fargo Advantage Government Money Market Fund | 117,624 | ||||||||||
Total time deposits (cost $235,042) | $ | 235,042 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
U.S. GOVERNMENT AGENCIES — 24.4% | ||||||||||||
Federal Home Loan Bank — 7.7% | ||||||||||||
$ | 66,500 | 0.16%, 07/15/2009 — 07/28/2009 (M) | $ | 66,494 | ||||||||
66,500 | 0.18%, 08/21/2009 (M) | 66,481 | ||||||||||
64,500 | 0.20%, 08/14/2009 | 64,485 | ||||||||||
18,500 | 0.21%, 08/07/2009 | 18,496 | ||||||||||
44,600 | 0.22%, 07/10/2009 — 09/04/2009 | 44,590 | ||||||||||
48,200 | 0.28%, 07/22/2009 | 48,192 | ||||||||||
29,250 | 0.34%, 10/21/2009 (M) | 29,220 | ||||||||||
337,958 | ||||||||||||
Federal Home Loan Mortgage Corp. — 8.6% | ||||||||||||
24,250 | 0.14%, 08/12/2009 | 24,246 | ||||||||||
41,000 | 0.20%, 08/17/2009 (M) | 40,989 | ||||||||||
9,600 | 0.20%, 07/28/2009 | 9,599 | ||||||||||
38,750 | 0.21%, 09/14/2009 | 38,734 | ||||||||||
16,250 | 0.22%, 09/28/2009 | 16,241 | ||||||||||
20,000 | 0.24%, 07/06/2009 (M) | 19,999 | ||||||||||
55,750 | 0.26%, 09/21/2009 — 09/23/2009 | 55,718 | ||||||||||
42,250 | 0.27%, 07/29/2009 — 11/02/2009 | 42,223 | ||||||||||
35,000 | 0.28%, 08/24/2009 | 34,985 | ||||||||||
16,500 | 0.34%, 10/26/2009 (M) | 16,482 | ||||||||||
33,250 | 0.34%, 10/13/2009 | 33,217 | ||||||||||
46,500 | 0.35%, 08/03/2009 | 46,485 | ||||||||||
378,918 | ||||||||||||
Federal National Mortgage Association — 8.1% | ||||||||||||
85,250 | 0.17%, 07/21/2009 — 08/24/2009 (M) | 85,235 | ||||||||||
23,250 | 0.19%, 08/26/2009 | 23,243 | ||||||||||
84,250 | 0.22%, 09/02/2009 — 10/07/2009 | 84,210 | ||||||||||
22,500 | 0.23%, 07/06/2009 (M) | 22,499 | ||||||||||
24,147 | 0.25%, 09/30/2009 | 24,131 | ||||||||||
27,500 | 0.26%, 07/01/2009 | 27,500 | ||||||||||
35,500 | 0.33%, 07/27/2009 | 35,492 | ||||||||||
38,750 | 0.34%, 10/21/2009 | 38,712 | ||||||||||
14,500 | 0.36%, 08/31/2009 (M) | 14,491 | ||||||||||
355,513 | ||||||||||||
Total U.S. government agencies (cost $1,072,389) | $ | 1,072,389 | ||||||||||
U.S. TREASURY BILLS — 20.8% | ||||||||||||
$ | 149,000 | 0.14%, 07/23/2009 (M) | $ | 148,988 | ||||||||
100,000 | 0.16%, 08/20/2009 (M) | 99,978 | ||||||||||
100,000 | 0.18%, 09/15/2009 (M) | 99,962 | ||||||||||
120,000 | 0.20%, 08/06/2009 (M) | 119,977 | ||||||||||
137,000 | 0.23%, 12/29/2009 (M) | 136,845 | ||||||||||
145,000 | 0.26%, 10/15/2009 (M) | 144,890 | ||||||||||
167,000 | 0.31%, 07/02/2009 (M) | 166,999 | ||||||||||
917,639 | ||||||||||||
Total U.S. treasury bills (cost $917,639) | $ | 917,639 | ||||||||||
U.S. TREASURY NOTES — 6.0% | ||||||||||||
$ | 108,000 | 3.49%, 08/15/2009 | $ | 108,446 | ||||||||
81,500 | 4.63%, 07/31/2009 | 81,801 | ||||||||||
71,500 | 5.96%, 08/15/2009 | 72,014 | ||||||||||
262,261 | ||||||||||||
Total U.S. treasury notes (cost $262,261) | $ | 262,261 | ||||||||||
CAPITAL SUPPORT AGREEMENT — 0.0% | ||||||||||||
$ | — | Hartford Life, Inc. Capital Support Agreement (BB) | $ | — | ||||||||
Total investments (cost $4,413,169) (C) | $ | 100.2 | % | $ | 4,413,169 | |||||||
Other assets and liabilities | (0.2 | )% | (8,002 | ) | ||||||||
Total net assets | $ | 100.0 | % | $ | 4,405,167 | |||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. The rates presented in this Schedule of Investments are yields, unless otherwise noted. Market value of investments in foreign securities represents 18.1% of total net assets at June 30, 2009. |
(C) | Also represents cost for tax purposes. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $472,155, which represents 10.72% of total net assets. |
The accompanying notes are an integral part of these financial statements.
144
Table of Contents
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(BB) | The Fund has entered into a Capital Support Agreement with Hartford Life, Inc. which provides that Hartford Life, Inc. will contribute capital to the Fund, up to a specified maximum amount, in the event that the Fund realizes a loss on any of these securities and such realized loss causes the Fund’s net asset value as calculated using fair values to drop below $0.9950. These securities are valued at amortized cost, which approximates fair value. See “Money Market HLS Fund Support Agreement” in the Notes to Financial Statements for additional information. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Certificates of Deposit | $ | 72,000 | $ | — | $ | 72,000 | $ | — | ||||||||
Commercial Paper | 1,545,767 | — | 1,545,767 | — | ||||||||||||
Corporate Notes | 180,547 | — | 180,547 | — | ||||||||||||
Investment Pools and Funds | 235,042 | 235,042 | — | — | ||||||||||||
Repurchase Agreements | 127,524 | — | 127,524 | — | ||||||||||||
U.S. Government Agencies | 1,072,389 | — | 1,072,389 | — | ||||||||||||
U.S. Treasury Bills | 917,639 | — | 917,639 | — | ||||||||||||
U.S. Treasury Notes | 262,261 | — | 262,261 | — | ||||||||||||
Total | $ | 4,413,169 | $ | 235,042 | $ | 4,178,127 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
145
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 96.0% | ||||||||||||
Automobiles & Components — 0.0% | ||||||||||||
6 | Standard Motor Products | $ | 46 | |||||||||
Banks — 1.1% | ||||||||||||
11 | First Citizens Bancshares Class A | 1,477 | ||||||||||
244 | International Bancshares Corp. | 2,519 | ||||||||||
285 | Signature Bank (D) | 7,741 | ||||||||||
11,737 | ||||||||||||
Capital Goods — 8.0% | ||||||||||||
34 | Acuity Brands, Inc. | 963 | ||||||||||
428 | Advanced Battery Technologies, Inc. (D) | 1,721 | ||||||||||
66 | American Superconductor Corp. (D) | 1,720 | ||||||||||
68 | Apogee Enterprises | 841 | ||||||||||
75 | Applied Signal Technology | 1,904 | ||||||||||
51 | AZZ, Inc. (D) | 1,765 | ||||||||||
415 | BE Aerospace, Inc. (D) | 5,954 | ||||||||||
198 | Beacon Roofing Supply, Inc. (D) | 2,860 | ||||||||||
253 | Briggs & Stratton Corp. | 3,370 | ||||||||||
110 | Chart Industries, Inc. (D) | 2,003 | ||||||||||
45 | China Fire & Security Group (D) | 546 | ||||||||||
5 | Clarcor, Inc. | 134 | ||||||||||
53 | Cubic Corp. | 1,885 | ||||||||||
116 | EMCOR Group, Inc. (D) | 2,331 | ||||||||||
109 | Energy Recovery, Inc. (D) | 773 | ||||||||||
41 | ESCO Technologies, Inc. (D) | 1,846 | ||||||||||
310 | Force Protection, Inc. (D) | 2,740 | ||||||||||
10 | GrafTech International Ltd. (D) | 111 | ||||||||||
8 | Graham Corp. | 109 | ||||||||||
43 | Granite Construction, Inc. | 1,432 | ||||||||||
284 | GT Solar International, Inc. (D) | 1,509 | ||||||||||
52 | Heico Corp. | 1,869 | ||||||||||
54 | II-VI, Inc. (D) | 1,197 | ||||||||||
158 | Lennox International, Inc. | 5,073 | ||||||||||
155 | MasTec, Inc. (D) | 1,818 | ||||||||||
34 | Michael Baker Corp. (D) | 1,447 | ||||||||||
15 | Middleby Corp. (D) | 652 | ||||||||||
1 | Nordson Corp. | 52 | ||||||||||
163 | Orbital Sciences Corp. (D) | 2,479 | ||||||||||
96 | Orion Marine Group, Inc. (D) | 1,833 | ||||||||||
75 | Pall Corp. | 1,985 | ||||||||||
201 | Pentair, Inc. | 5,161 | ||||||||||
40 | Powell Industries, Inc. (D) | 1,470 | ||||||||||
169 | Regal-Beloit Corp. | 6,720 | ||||||||||
183 | Sunpower Corp. Class B (D) | 4,390 | ||||||||||
278 | Taser International, Inc. (D) | 1,266 | ||||||||||
261 | Teledyne Technologies, Inc. (D) | 8,563 | ||||||||||
24 | Trex Co., Inc. (D) | 317 | ||||||||||
54 | Watsco, Inc. | 2,642 | ||||||||||
85,451 | ||||||||||||
Commercial & Professional Services — 2.6% | ||||||||||||
48 | ABM Industries, Inc. | 866 | ||||||||||
15 | Administaff, Inc. | 346 | ||||||||||
123 | American Reprographics Co. LLC (D) | 1,025 | ||||||||||
248 | APAC TeleServices, Inc. (D) | 1,271 | ||||||||||
86 | CBIZ, Inc. (D) | 612 | ||||||||||
349 | Corrections Corp. of America (D) | 5,934 | ||||||||||
6 | Geo Group, Inc. (D) | 115 | ||||||||||
6 | GP Strategies Corp. (D) | 38 | ||||||||||
107 | Healthcare Services Group, Inc. | 1,921 | ||||||||||
167 | Herman Miller, Inc. | $ | 2,568 | |||||||||
209 | Knoll, Inc. | 1,588 | ||||||||||
7 | McGrath RentCorp. | 132 | ||||||||||
35 | Rollins, Inc. | 608 | ||||||||||
262 | Sykes Enterprises, Inc. (D) | 4,738 | ||||||||||
100 | Tetra Tech, Inc. (D) | 2,854 | ||||||||||
82 | Watson Wyatt Worldwide, Inc. | 3,068 | ||||||||||
27,684 | ||||||||||||
Consumer Durables & Apparel — 5.4% | ||||||||||||
277 | Carter’s, Inc. (D) | 6,811 | ||||||||||
28 | Deckers Outdoor Corp. (D) | 1,989 | ||||||||||
63 | Fossil, Inc. (D) | 1,523 | ||||||||||
696 | Hanesbrands, Inc. (D) | 10,446 | ||||||||||
551 | Jarden Corp. (D) | 10,331 | ||||||||||
226 | Pool Corp. | 3,741 | ||||||||||
456 | Smith & Wesson Holding Corp. (D) | 2,589 | ||||||||||
73 | Steven Madden Ltd. (D) | 1,868 | ||||||||||
111 | Sturm Ruger & Co., Inc. | 1,378 | ||||||||||
156 | Tempur-Pedic International, Inc. | 2,042 | ||||||||||
111 | Timberland Co. Class A (D) | 1,477 | ||||||||||
104 | Tupperware Brands Corp. | 2,693 | ||||||||||
51 | Under Armour, Inc. Class A (D) | 1,147 | ||||||||||
249 | Warnaco Group, Inc. (D) | 8,072 | ||||||||||
83 | Wolverine World Wide, Inc. | 1,827 | ||||||||||
57,934 | ||||||||||||
Consumer Services — 7.3% | ||||||||||||
47 | American Public Education, Inc. (D) | 1,874 | ||||||||||
124 | Ameristar Casinos, Inc. | 2,354 | ||||||||||
227 | Bally Technologies, Inc. (D) | 6,786 | ||||||||||
100 | BJ’s Restaurants, Inc. (D) | 1,683 | ||||||||||
163 | Brinks Home Security Holding (D) | 4,607 | ||||||||||
163 | Buffalo Wild Wings, Inc. (D) | 5,297 | ||||||||||
118 | California Pizza Kitchen, Inc. (D) | 1,568 | ||||||||||
27 | Capella Education Co. (D) | 1,608 | ||||||||||
54 | CEC Entertainment, Inc. (D) | 1,595 | ||||||||||
421 | Cheesecake Factory, Inc. (D) | 7,281 | ||||||||||
98 | CKE Restaurants, Inc. | 828 | ||||||||||
174 | Coinstar, Inc. (D) | 4,657 | ||||||||||
823 | Corinthian Colleges, Inc. (D) | 13,934 | ||||||||||
56 | Cracker Barrel Old Country Store, Inc. | 1,562 | ||||||||||
145 | Domino’s Pizza, Inc. (D) | 1,085 | ||||||||||
110 | Jack in the Box, Inc. (D) | 2,464 | ||||||||||
126 | K12, Inc. (D) | 2,708 | ||||||||||
291 | Life Time Fitness, Inc. (D) | 5,830 | ||||||||||
120 | Lincoln Educational Services Corp. (D) | 2,503 | ||||||||||
73 | P. F. Chang’s China Bistro, Inc. (D) | 2,333 | ||||||||||
61 | Papa John’s International, Inc. (D) | 1,509 | ||||||||||
146 | Pinnacle Entertainment, Inc. (D) | 1,357 | ||||||||||
4 | Steiner Leisure Ltd. (D) | 131 | ||||||||||
197 | Texas Roadhouse, Inc. (D) | 2,154 | ||||||||||
6 | Universal Travel Group (D) | 66 | ||||||||||
77,774 | ||||||||||||
Diversified Financials — 1.4% | ||||||||||||
134 | Advance America Cash Advance Centers, Inc. | 595 | ||||||||||
178 | Ezcorp, Inc. (D) | 1,916 | ||||||||||
104 | First Cash Financial Services, Inc. (D) | 1,821 | ||||||||||
389 | GFI Group, Inc. | 2,619 | ||||||||||
189 | Knight Capital Group, Inc. (D) | 3,222 | ||||||||||
111 | Life Partners Holdings, Inc. | 1,575 | ||||||||||
153 | optionsXpress Holdings, Inc. | 2,381 | ||||||||||
28 | Stifel Financial (D) | 1,338 | ||||||||||
15,467 | ||||||||||||
Energy — 3.7% | ||||||||||||
127 | Alon USA Energy, Inc. | 1,311 | ||||||||||
186 | Arena Resources, Inc. (D) | 5,913 |
The accompanying notes are an integral part of these financial statements.
146
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Energy — (continued) | ||||||||||||
74 | Carbo Ceramics, Inc. | $ | 2,546 | |||||||||
519 | Complete Production Services, Inc. (D) | 3,300 | ||||||||||
17 | Contango Oil & Gas Co. (D) | 710 | ||||||||||
52 | Dril-Quip, Inc. (D) | 1,989 | ||||||||||
1 | Isramco, Inc. (D) | 77 | ||||||||||
284 | Karoon Gas Australia Ltd. (D) | 2,071 | ||||||||||
54 | Lufkin Industries, Inc. | 2,279 | ||||||||||
138 | Matrix Service Co. (D) | 1,589 | ||||||||||
35 | NATCO Group, Inc. (D) | 1,158 | ||||||||||
105 | Nordic American Tanker Shipping | 3,348 | ||||||||||
86 | Overseas Shipholding Group, Inc. | 2,917 | ||||||||||
24 | RPC, Inc. | 199 | ||||||||||
174 | St. Mary Land & Exploration Co. | 3,628 | ||||||||||
75 | Uranium Energy Corp. (D) | 217 | ||||||||||
350 | Vaalco Energy, Inc. (D) | 1,482 | ||||||||||
188 | Willbros Group, Inc. (D) | 2,346 | ||||||||||
50 | World Fuel Services Corp. | 2,072 | ||||||||||
39,152 | ||||||||||||
Food & Staples Retailing — 1.2% | ||||||||||||
224 | BJ’s Wholesale Club, Inc. (D) | 7,227 | ||||||||||
83 | Casey’s General Stores, Inc. | 2,127 | ||||||||||
96 | Pantry, Inc. (D) | 1,586 | ||||||||||
70 | United Natural Foods, Inc. (D) | 1,829 | ||||||||||
12,769 | ||||||||||||
Food, Beverage & Tobacco — 1.5% | ||||||||||||
35 | American Dairy, Inc. (D) | 1,381 | ||||||||||
74 | American Italian Pasta Co. (D) | 2,158 | ||||||||||
5 | Cal-Maine Foods, Inc. | 129 | ||||||||||
125 | Cental Euro Distribution Corp. (D) | 3,332 | ||||||||||
118 | Darling International, Inc. (D) | 780 | ||||||||||
6 | Diamond Foods, Inc. | 164 | ||||||||||
28 | J&J Snack Foods Corp. | 1,019 | ||||||||||
69 | Lancaster Colony Corp. | 3,028 | ||||||||||
40 | Lance, Inc. | 918 | ||||||||||
58 | Sanderson Farms, Inc. | 2,618 | ||||||||||
55 | Vector Group Ltd. | 789 | ||||||||||
16,316 | ||||||||||||
Health Care Equipment & Services — 12.5% | ||||||||||||
212 | Align Technology, Inc. (D) | 2,249 | ||||||||||
436 | Allscripts Misys Healthcare Solution | 6,909 | ||||||||||
126 | Almost Family, Inc. (D) | 3,278 | ||||||||||
53 | Amedisys, Inc. (D) | 1,763 | ||||||||||
207 | American Medical Systems Holdings (D) | 3,277 | ||||||||||
120 | Amerigroup Corp. (D) | 3,228 | ||||||||||
46 | Angiodynamics, Inc. (D) | 611 | ||||||||||
71 | Athenahealth, Inc. (D) | 2,636 | ||||||||||
59 | Catalyst Health Solutions (D) | 1,460 | ||||||||||
97 | Centene Corp. (D) | 1,946 | ||||||||||
4 | Chemed Corp. | 152 | ||||||||||
107 | CryoLife, Inc. (D) | 595 | ||||||||||
6 | Cyberonics, Inc. (D) | 99 | ||||||||||
397 | Eclipsys Corp. (D) | 7,064 | ||||||||||
53 | Emergency Medical Services (D) | 1,935 | ||||||||||
10 | Enteromedics, Inc. (D) | 33 | ||||||||||
52 | Genoptix, Inc. (D) | 1,663 | ||||||||||
43 | Haemonetics Corp. (D) | 2,470 | ||||||||||
372 | Health Net, Inc. (D) | 5,777 | ||||||||||
710 | HealthSouth Corp. (D) | 10,254 | ||||||||||
80 | HMS Holdings Corp. (D) | 3,264 | ||||||||||
61 | ICU Medical, Inc. (D) | 2,496 | ||||||||||
250 | Inverness Medical Innovation, Inc. (D) | 8,899 | ||||||||||
52 | IPC The Hospitalist Co. (D) | 1,401 | ||||||||||
22 | Landauer, Inc. | 1,351 | ||||||||||
76 | LHC Group, Inc. (D) | 1,698 | ||||||||||
282 | Masimo Corp. (D) | 6,790 | ||||||||||
154 | MedAssets, Inc. (D) | 2,992 | ||||||||||
73 | NuVasive, Inc. (D) | 3,272 | ||||||||||
86 | Omnicare, Inc. | 2,221 | ||||||||||
81 | Palomar Medical Technologies, Inc. (D) | 1,192 | ||||||||||
55 | PharMerica Corp. (D) | 1,087 | ||||||||||
126 | Phase Forward, Inc. (D) | 1,902 | ||||||||||
61 | Providence Service Corp. (D) | 664 | ||||||||||
178 | Psychiatric Solutions, Inc. (D) | 4,039 | ||||||||||
62 | Quality Systems | 3,516 | ||||||||||
55 | Rehabcare Group, Inc. (D) | 1,308 | ||||||||||
75 | Sirona Dental Systems, Inc. (D) | 1,490 | ||||||||||
299 | SSL International plc | 2,554 | ||||||||||
104 | STERIS Corp. | 2,721 | ||||||||||
137 | Thoratec Corp. (D) | 3,676 | ||||||||||
45 | Triple-S Management Corp., Class B (D) | 698 | ||||||||||
2 | Utah Medical Products, Inc. | 57 | ||||||||||
78 | Varian Medical Systems, Inc. (D) | 2,758 | ||||||||||
559 | Volcano Corp. (D) | 7,815 | ||||||||||
3 | Young Innovations, Inc. | 56 | ||||||||||
250 | Zoll Medical Corp. (D) | 4,842 | ||||||||||
132,158 | ||||||||||||
Household & Personal Products — 1.4% | ||||||||||||
461 | American Oriental Bioengineering, Inc. (D) | 2,440 | ||||||||||
35 | Chattem, Inc. (D) | 2,407 | ||||||||||
20 | China Sky One Medical, Inc. (D) | 264 | ||||||||||
256 | Herbalife Ltd. | 8,059 | ||||||||||
98 | Nu Skin Enterprises, Inc. Class A | 1,501 | ||||||||||
14,671 | ||||||||||||
Insurance — 1.4% | ||||||||||||
118 | Allied World Assurance Holdings Ltd. | 4,803 | ||||||||||
198 | Assured Guaranty Ltd. | 2,454 | ||||||||||
43 | eHealth, Inc. (D) | 760 | ||||||||||
618 | Lancashire Holdings Ltd. (D) | 4,748 | ||||||||||
74 | Tower Group, Inc. | 1,829 | ||||||||||
14,594 | ||||||||||||
Materials — 2.3% | ||||||||||||
28 | Arch Chemicals, Inc. | 678 | ||||||||||
46 | BWAY Holding Co. (D) | 809 | ||||||||||
5 | China Green Agriculture, Inc. (D) | 44 | ||||||||||
170 | Cytec Industries, Inc. | 3,167 | ||||||||||
166 | Eagle Materials, Inc. | 4,184 | ||||||||||
56 | Koppers Holdings, Inc. | 1,464 | ||||||||||
75 | LSB Industries, Inc. (D) | 1,213 | ||||||||||
29 | Newmarket Corp. | 1,983 | ||||||||||
29 | Omnova Solutions, Inc. (D) | 94 | ||||||||||
35 | Paramount Gold & Silver Corp. (D) | 53 | ||||||||||
59 | Rock Tenn Co. Class A | 2,252 | ||||||||||
176 | Scotts Miracle-Gro Co. Class A | 6,162 | ||||||||||
33 | Silgan Holdings, Inc. | 1,605 | ||||||||||
107 | Worthington Industries, Inc. | 1,363 | ||||||||||
25,071 | ||||||||||||
Media — 1.2% | ||||||||||||
6 | Carmike Cinemas, Inc. | 50 | ||||||||||
145 | Dolan Media Co. (D) | 1,859 | ||||||||||
135 | DreamWorks Animation SKG, Inc. (D) | 3,729 | ||||||||||
172 | Marvel Entertainment, Inc. (D) | 6,124 | ||||||||||
32 | National Cinemedia, Inc. | 435 |
The accompanying notes are an integral part of these financial statements.
147
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Media — (continued) | ||||||||||||
14 | Rentrak Corp. (D) | $ | 229 | |||||||||
12,426 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 8.6% | ||||||||||||
601 | Alkermes, Inc. (D) | 6,498 | ||||||||||
14 | Aryx Therapeutics, Inc. (D) | 56 | ||||||||||
135 | Auxilium Pharmaceuticals, Inc. (D) | 4,231 | ||||||||||
60 | Avanir Pharmaceuticals (D) | 134 | ||||||||||
109 | AVI BioPharma, Inc. (D) | 172 | ||||||||||
616 | Celera Corp. (D) | 4,697 | ||||||||||
73 | Cephalon, Inc. (D) | 4,107 | ||||||||||
129 | Cougar Biotechnology, Inc. (D) | 5,559 | ||||||||||
376 | Cubist Pharmaceuticals, Inc. (D) | 6,894 | ||||||||||
25 | Dionex Corp. (D) | 1,521 | ||||||||||
186 | Enzon, Inc. (D) | 1,461 | ||||||||||
193 | eResearch Technology, Inc. (D) | 1,197 | ||||||||||
15 | Harvard Bioscience, Inc. (D) | 60 | ||||||||||
347 | Icon plc ADR (D) | 7,495 | ||||||||||
139 | Impax Laboratories, Inc. (D) | 1,025 | ||||||||||
154 | Isis Pharmaceuticals, Inc. (D) | 2,538 | ||||||||||
7 | Lannet, Inc. (D) | 46 | ||||||||||
116 | Martek Biosciences Corp. | 2,449 | ||||||||||
24 | Maxygen, Inc. (D) | 164 | ||||||||||
301 | Medicines Co. (D) | 2,526 | ||||||||||
8 | Medicis Pharmaceutical Corp. Class A | 136 | ||||||||||
61 | Myriad Genetics, Inc. (D) | 2,175 | ||||||||||
40 | Myriad Pharmaceuticals, Inc. (D) | 188 | ||||||||||
269 | Nektar Therapeutics (D) | 1,746 | ||||||||||
83 | NPS Pharmaceuticals, Inc. (D) | 387 | ||||||||||
181 | Onyx Pharmaceuticals, Inc. (D) | 5,106 | ||||||||||
110 | OSI Pharmaceuticals, Inc. (D) | 3,097 | ||||||||||
419 | PAREXEL International Corp. (D) | 6,021 | ||||||||||
298 | PDL Biopharma, Inc. | 2,353 | ||||||||||
319 | Questcor Pharmaceuticals (D) | 1,597 | ||||||||||
295 | Regeneron Pharmaceuticals, Inc. (D) | 5,282 | ||||||||||
167 | Spectrum Pharmaceuticals, Inc. (D) | 1,276 | ||||||||||
50 | United Therapeutics Corp. (D) | 4,197 | ||||||||||
95 | Vertex Pharmaceuticals, Inc. (D) | 3,387 | ||||||||||
229 | VIVUS, Inc. (D) | 1,391 | ||||||||||
91,169 | ||||||||||||
Real Estate — 1.0% | ||||||||||||
632 | Diamondrock Hospitality | 3,955 | ||||||||||
29 | PS Business Parks, Inc. | 1,407 | ||||||||||
54 | Tanger Factory Outlet Center | 1,764 | ||||||||||
146 | Taubman Centers, Inc. | 3,926 | ||||||||||
11,052 | ||||||||||||
Retailing — 4.3% | ||||||||||||
121 | 99 Cents Only Stores (D) | 1,646 | ||||||||||
148 | Advance Automotive Parts, Inc. | 6,148 | ||||||||||
117 | Aeropostale, Inc. (D) | 4,017 | ||||||||||
33 | Blue Nile, Inc. (D) | 1,428 | ||||||||||
68 | Cato Corp. | 1,188 | ||||||||||
77 | Children’s Place Retail Stores, Inc. (D) | 2,039 | ||||||||||
51 | Citi Trends, Inc. (D) | 1,312 | ||||||||||
24 | �� | Core-Mark Holding Co., Inc. (D) | 636 | |||||||||
3 | Destination Maternity Corp. (D) | 52 | ||||||||||
72 | Fred’s, Inc. | 911 | ||||||||||
205 | Gymboree Corp. (D) | 7,273 | ||||||||||
61 | Hibbett Sports, Inc. (D) | 1,100 | ||||||||||
187 | Hot Topic, Inc. (D) | 1,367 | ||||||||||
76 | J. Crew Group, Inc. (D) | 2,046 | ||||||||||
96 | Jo-Ann Stores, Inc. (D) | 1,982 | ||||||||||
43 | Joseph A. Bank Clothiers, Inc. (D) | 1,492 | ||||||||||
230 | Lumber Liquidators, Inc. (D) | 3,618 | ||||||||||
593 | OfficeMax, Inc. | 3,724 | ||||||||||
110 | PetMed Express, Inc. (D) | 1,658 | ||||||||||
59 | Tractor Supply Co. (D) | 2,432 | ||||||||||
12 | Wet Seal, Inc. Class A (D) | 38 | ||||||||||
46,107 | ||||||||||||
Semiconductors & Semiconductor Equipment — 4.1% | ||||||||||||
285 | Amkor Technology, Inc. (D) | 1,350 | ||||||||||
359 | Atheros Communications, Inc. (D) | 6,911 | ||||||||||
81 | Cavium Networks, Inc. (D) | 1,363 | ||||||||||
63 | Hittite Microwave Corp. (D) | 2,196 | ||||||||||
23 | Micrel, Inc. | 168 | ||||||||||
139 | Microsemi Corp. (D) | 1,915 | ||||||||||
59 | Netlogic Microsystems, Inc. (D) | 2,156 | ||||||||||
38 | NVE Corp. (D) | 1,834 | ||||||||||
1,110 | ON Semiconductor Corp. (D) | 7,617 | ||||||||||
2,507 | RF Micro Devices, Inc. (D) | 9,428 | ||||||||||
112 | Semtech Corp. (D) | 1,789 | ||||||||||
411 | Skyworks Solutions, Inc. (D) | 4,015 | ||||||||||
97 | Tessera Technologies, Inc. (D) | 2,457 | ||||||||||
45 | Ultratech Stepper, Inc. (D) | 553 | ||||||||||
43,752 | ||||||||||||
Software & Services — 14.7% | ||||||||||||
44 | ACI Worldwide, Inc. (D) | 618 | ||||||||||
214 | Acxiom Corp. | 1,890 | ||||||||||
69 | Advent Software, Inc. (D) | 2,270 | ||||||||||
317 | ArcSight, Inc. (D) | 5,631 | ||||||||||
143 | Ariba, Inc. (D) | 1,404 | ||||||||||
387 | Art Technology Group, Inc. (D) | 1,472 | ||||||||||
92 | AsiaInfo Holdings, Inc. (D) | 1,586 | ||||||||||
96 | Blackbaud, Inc. | 1,489 | ||||||||||
59 | Blackboard, Inc. (D) | 1,697 | ||||||||||
83 | Concur Technologies, Inc. (D) | 2,588 | ||||||||||
343 | Constant Contact, Inc. (D) | 6,795 | ||||||||||
42 | CSG Systems International, Inc. (D) | 557 | ||||||||||
105 | CyberSource Corp. (D) | 1,611 | ||||||||||
105 | DealerTrack Holdings, Inc. (D) | 1,787 | ||||||||||
59 | Digital River, Inc. (D) | 2,138 | ||||||||||
110 | Earthlink, Inc. (D) | 817 | ||||||||||
122 | Equinix, Inc. (D) | 8,847 | ||||||||||
4 | Forrester Research, Inc. (D) | 94 | ||||||||||
148 | Gartner, Inc. Class A (D) | 2,262 | ||||||||||
170 | Global Cash Access, Inc. (D) | 1,349 | ||||||||||
180 | Informatica Corp. (D) | 3,097 | ||||||||||
137 | j2 Global Communications, Inc. (D) | 3,081 | ||||||||||
192 | Jack Henry & Associates, Inc. | 3,985 | ||||||||||
89 | Manhattan Associates, Inc. (D) | 1,626 | ||||||||||
31 | MAXIMUS, Inc. | 1,281 | ||||||||||
95 | Mercadolibre, Inc. (D) | 2,547 | ||||||||||
26 | MicroStrategy, Inc. (D) | 1,300 | ||||||||||
46 | MoneyGram International, Inc. (D) | 83 | ||||||||||
104 | Net 1 UEPS Technologies, Inc. (D) | 1,416 | ||||||||||
45 | Netscout Systems, Inc. (D) | 419 | ||||||||||
250 | Neustar, Inc. (D) | 5,549 | ||||||||||
224 | Nice Systems Ltd. (D) | 5,177 | ||||||||||
236 | Parametric Technology Corp. (D) | 2,764 | ||||||||||
95 | Pegasystems, Inc. | 2,495 | ||||||||||
163 | Rackspace Hosting, Inc. (D) | 2,258 | ||||||||||
269 | Red Hat, Inc. (D) | 5,424 | ||||||||||
157 | S1 Corp. (D) | 1,080 | ||||||||||
9 | Sapient Corp. (D) | 59 | ||||||||||
150 | Smith Micro Software, Inc. (D) | 1,472 |
The accompanying notes are an integral part of these financial statements.
148
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
74 | Solarwinds, Inc. (D) | $ | 1,220 | |||||||||
498 | Solera Holdings, Inc. (D) | 12,654 | ||||||||||
46 | SPSS, Inc. (D) | 1,520 | ||||||||||
62 | Syntel, Inc. | 1,961 | ||||||||||
93 | Taleo Corp. Class A (D) | 1,694 | ||||||||||
317 | Tibco Software, Inc. (D) | 2,270 | ||||||||||
695 | TiVo, Inc. (D) | 7,284 | ||||||||||
26 | Tyler Corp. (D) | 400 | ||||||||||
161 | Valueclick, Inc. (D) | 1,692 | ||||||||||
285 | VistaPrint Ltd. (D) | 12,158 | ||||||||||
354 | Vocus, Inc. (D) | 6,994 | ||||||||||
174 | Websense, Inc. (D) | 3,101 | ||||||||||
171 | Wind River Systems, Inc. (D) | 1,964 | ||||||||||
352 | Wright Express Corp. (D) | 8,965 | ||||||||||
155,892 | ||||||||||||
Technology — 0.0% | ||||||||||||
18 | Polypore International, Inc. (D) | 197 | ||||||||||
Technology Hardware & Equipment — 7.9% | ||||||||||||
880 | 3Com Corp. (D) | 4,143 | ||||||||||
50 | Acme Packet, Inc. (D) | 507 | ||||||||||
72 | ADTRAN, Inc. | 1,555 | ||||||||||
41 | Anaren Microwave, Inc. (D) | 721 | ||||||||||
197 | Arris Group, Inc. (D) | 2,390 | ||||||||||
254 | Aruba Networks, Inc. (D) | 2,222 | ||||||||||
— | Bigband Networks, Inc. (D) | 1 | ||||||||||
200 | Brightpoint, Inc. (D) | 1,254 | ||||||||||
181 | Cogent, Inc. (D) | 1,937 | ||||||||||
59 | Cognex Corp. | 829 | ||||||||||
56 | Comtech Telecommunications Corp. (D) | 1,775 | ||||||||||
118 | Data Domain, Inc. (D) | 3,925 | ||||||||||
30 | DG Fastchannel, Inc. (D) | 554 | ||||||||||
330 | Harmonic, Inc. (D) | 1,944 | ||||||||||
618 | Jabil Circuit, Inc. | 4,583 | ||||||||||
43 | Logitech International S.A. (D) | 599 | ||||||||||
1 | Novatel Wireless, Inc. (D) | 8 | ||||||||||
55 | Osi Systems, Inc. (D) | 1,155 | ||||||||||
244 | Palm, Inc. (D) | 4,040 | ||||||||||
65 | Plantronics, Inc. | 1,223 | ||||||||||
282 | Plexus Corp. (D) | 5,778 | ||||||||||
421 | Polycom, Inc. (D) | 8,536 | ||||||||||
358 | Riverbed Technology, Inc. (D) | 8,302 | ||||||||||
16 | Scansource, Inc. (D) | 404 | ||||||||||
911 | Seagate Technology | 9,527 | ||||||||||
357 | Starent Networks Corp. (D) | 8,723 | ||||||||||
70 | STEC, Inc. (D) | 1,621 | ||||||||||
76 | Synaptics, Inc. (D) | 2,950 | ||||||||||
106 | Tekelec (D) | 1,786 | ||||||||||
82,992 | ||||||||||||
Telecommunication Services — 1.8% | ||||||||||||
21 | AboveNet, Inc. (D) | 1,733 | ||||||||||
46 | Alaska Communication Systems Holdings, Inc. | 336 | ||||||||||
5 | Cbeyond, Inc. (D) | 73 | ||||||||||
367 | Centennial Cellular Corp. Class A (D) | 3,067 | ||||||||||
10 | Consolidated Communications Holdings, Inc. | 116 | ||||||||||
18 | Incontact, Inc. (D) | 49 | ||||||||||
125 | Iowa Telecommunications Services, Inc. | 1,562 | ||||||||||
116 | Neutral Tandem, Inc. (D) | 3,414 | ||||||||||
97 | NTELOS Holdings Corp. | 1,779 | ||||||||||
150 | Premiere Global Services, Inc. (D) | 1,624 | ||||||||||
47 | Shenandoah Telecommunications Co. | 956 | ||||||||||
147 | Syniverse Holdings, Inc. (D) | 2,349 | ||||||||||
85 | USA Mobility, Inc. | 1,082 | ||||||||||
214 | Virgin Mobile USA, Inc. (D) | 859 | ||||||||||
18,999 | ||||||||||||
Transportation — 2.2% | ||||||||||||
127 | Con-way, Inc. | 4,477 | ||||||||||
121 | Copa Holdings S.A. Class A | 4,926 | ||||||||||
5 | Heartland Express, Inc. | 81 | ||||||||||
207 | Hub Group, Inc. (D) | 4,267 | ||||||||||
143 | J.B. Hunt Transport Services, Inc. | 4,378 | ||||||||||
22 | Knight Transportation, Inc. | 359 | ||||||||||
357 | Localiza Rent a Car S.A. | 2,206 | ||||||||||
287 | Tam S.A. (D) | 2,991 | ||||||||||
23,685 | ||||||||||||
Utilities — 0.4% | ||||||||||||
73 | New Jersey Resources Corp. | 2,696 | ||||||||||
32 | South Jersey Industries, Inc. | 1,125 | ||||||||||
3,821 | ||||||||||||
Total common stocks (cost $989,569) | $ | 1,020,916 | ||||||||||
EXCHANGE TRADED FUNDS — 1.5% | ||||||||||||
Other Investment Pools and Funds — 1.5% | ||||||||||||
277 | iShares Russell 2000 Growth Index Fund | $ | 15,720 | |||||||||
Total exchange traded funds (cost $15,762) | $ | 15,720 | ||||||||||
Total long-term investments (cost $1,005,331) | $ | 1,036,636 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 2.4% | ||||||||||||
Repurchase Agreements — 2.2% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $979, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $998) | ||||||||||||
$ | 979 | 0.09%, 6/30/2009 | $ | 979 | ||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $6,482) | ||||||||||||
6,371 | 0.01%, 6/30/2009 | 6,371 | ||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,011, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $9,192) | ||||||||||||
9,011 | 0.05%, 6/30/2009 | 9,011 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,266, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $2,311) | ||||||||||||
2,266 | 0.09%, 6/30/2009 | 2,266 |
The accompanying notes are an integral part of these financial statements.
149
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,395, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $3,463) | ||||||||||||
$ | 3,395 | 0.08%, 6/30/2009 | $ | 3,395 | ||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $3) | ||||||||||||
3 | 0.03%, 6/30/2009 | 3 | ||||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,196, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,216) | ||||||||||||
1,196 | 0.01%, 6/30/2009 | 1,196 | ||||||||||
23,221 | ||||||||||||
U.S. Treasury Bills — 0.2% | ||||||||||||
1,950 | 0.13%, 7/16/2009 (S)(M) | 1,950 | ||||||||||
Total short-term investments (cost $25,171) | $ | 25,171 | ||||||||||
Total investments (cost $1,030,502) (C) | 99.9 | % | $ | 1,061,807 | ||||||||
Other assets and liabilities | 0.1 | % | 1,185 | |||||||||
Total net assets | 100.0 | % | $ | 1,062,992 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 3.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,055,819 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 86,269 | ||
Unrealized Depreciation | (80,281 | ) | ||
Net Unrealized Appreciation | $ | 5,988 | ||
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
Russell 2000 Mini | 125 | Long | Sep 2009 | $ | (156 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,020,916 | $ | 1,011,543 | $ | 9,373 | $ | — | ||||||||
Exchange Traded Funds | 15,720 | 15,720 | — | — | ||||||||||||
Short-Term Investments | 25,171 | — | 25,171 | — | ||||||||||||
Total | $ | 1,061,807 | $ | 1,027,263 | $ | 34,544 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 156 | $ | 156 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
150
Table of Contents
Hartford SmallCap Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.2% | ||||||||||||
Automobiles & Components — 0.3% | ||||||||||||
237 | Amerigon, Inc. (D) | $ | 1,448 | |||||||||
— | Standard Motor Products | 4 | ||||||||||
1,452 | ||||||||||||
Banks — 1.4% | ||||||||||||
92 | Danvers Bancorp, Inc. | 1,232 | ||||||||||
135 | Flushing Financial Corp. | 1,260 | ||||||||||
65 | International Bancshares Corp. | 667 | ||||||||||
123 | Ocwen Financial Corp. (D) | 1,595 | ||||||||||
43 | Signature Bank (D) | 1,155 | ||||||||||
105 | Western Alliance Bancorp (D) | 716 | ||||||||||
6,625 | ||||||||||||
Capital Goods — 10.0% | ||||||||||||
64 | A.O. Smith Corp. | 2,088 | ||||||||||
46 | Aaon, Inc. | 916 | ||||||||||
105 | Actuant Corp. Class A | 1,285 | ||||||||||
142 | Acuity Brands, Inc. | 3,982 | ||||||||||
35 | Advanced Battery Technologies, Inc. (D) | 142 | ||||||||||
27 | AGCO Corp. (D) | 770 | ||||||||||
5 | American Superconductor Corp. (D) | 141 | ||||||||||
6 | Apogee Enterprises | 69 | ||||||||||
6 | Applied Signal Technology | 158 | ||||||||||
4 | AZZ, Inc. (D) | 146 | ||||||||||
16 | Beacon Roofing Supply, Inc. (D) | 236 | ||||||||||
108 | Belden, Inc. | 1,798 | ||||||||||
114 | Ceradyne, Inc. (D) | 2,008 | ||||||||||
81 | Chart Industries, Inc. (D) | 1,472 | ||||||||||
4 | China Fire & Security Group (D) | 45 | ||||||||||
— | Clarcor, Inc. | 11 | ||||||||||
15 | Colfax Corp. (D) | 119 | ||||||||||
51 | Columbus McKinnon Corp. (D) | 639 | ||||||||||
4 | Cubic Corp. | 156 | ||||||||||
10 | EMCOR Group, Inc. (D) | 192 | ||||||||||
9 | Energy Recovery, Inc. (D) | 64 | ||||||||||
3 | ESCO Technologies, Inc. (D) | 150 | ||||||||||
110 | Esterline Technologies Corp. (D) | 2,964 | ||||||||||
344 | Force Protection, Inc. (D) | 3,045 | ||||||||||
255 | GrafTech International Ltd. (D) | 2,879 | ||||||||||
1 | Graham Corp. | 9 | ||||||||||
4 | Granite Construction, Inc. | 120 | ||||||||||
141 | GT Solar International, Inc. (D) | 751 | ||||||||||
4 | Heico Corp. | 154 | ||||||||||
5 | II-VI, Inc. (D) | 102 | ||||||||||
24 | Joy Global, Inc. | 864 | ||||||||||
59 | Lennox International, Inc. | 1,888 | ||||||||||
26 | Lindsay Corp. | 874 | ||||||||||
13 | MasTec, Inc. (D) | 149 | ||||||||||
3 | Michael Baker Corp. (D) | 120 | ||||||||||
1 | Middleby Corp. (D) | 54 | ||||||||||
84 | Moog, Inc. Class A (D) | 2,178 | ||||||||||
— | Nordson Corp. | 4 | ||||||||||
14 | Orbital Sciences Corp. (D) | 205 | ||||||||||
8 | Orion Marine Group, Inc. (D) | 152 | ||||||||||
73 | Powell Industries, Inc. (D) | 2,717 | ||||||||||
152 | Robbins & Myers, Inc. | 2,918 | ||||||||||
23 | Taser International, Inc. (D) | 104 | ||||||||||
79 | Teledyne Technologies, Inc. (D) | 2,573 | ||||||||||
127 | TransDigm Group, Inc. (D) | 4,594 | ||||||||||
1 | Trex Co., Inc. (D) | 15 | ||||||||||
119 | Ultralife Batteries, Inc. (D) | 850 | ||||||||||
4 | Watsco, Inc. | 218 | ||||||||||
47,088 | ||||||||||||
Commercial & Professional Services — 3.6% | ||||||||||||
4 | ABM Industries, Inc. | 72 | ||||||||||
1 | Administaff, Inc. | 29 | ||||||||||
10 | American Reprographics Co. LLC (D) | 85 | ||||||||||
20 | APAC TeleServices, Inc. (D) | 105 | ||||||||||
7 | CBIZ, Inc. (D) | 51 | ||||||||||
48 | Consolidated Graphics, Inc. (D) | 841 | ||||||||||
1 | Geo Group, Inc. (D) | 10 | ||||||||||
1 | GP Strategies Corp. (D) | 3 | ||||||||||
9 | Healthcare Services Group, Inc. | 159 | ||||||||||
14 | Herman Miller, Inc. | 212 | ||||||||||
127 | Knoll, Inc. | 963 | ||||||||||
72 | Manpower, Inc. | 3,053 | ||||||||||
1 | McGrath RentCorp. | 11 | ||||||||||
53 | Navigant Consulting, Inc. (D) | 689 | ||||||||||
94 | Resources Connection, Inc. (D) | 1,612 | ||||||||||
3 | Rollins, Inc. | 50 | ||||||||||
178 | Sykes Enterprises, Inc. (D) | 3,216 | ||||||||||
8 | Tetra Tech, Inc. (D) | 240 | ||||||||||
150 | Watson Wyatt Worldwide, Inc. | 5,640 | ||||||||||
17,041 | ||||||||||||
Consumer Durables & Apparel — 2.8% | ||||||||||||
69 | Carter’s, Inc. (D) | 1,689 | ||||||||||
2 | Deckers Outdoor Corp. (D) | 163 | ||||||||||
5 | Fossil, Inc. (D) | 126 | ||||||||||
126 | Iconix Brand Group, Inc. (D) | 1,932 | ||||||||||
34 | Jakks Pacific, Inc. (D) | 436 | ||||||||||
219 | Liz Claiborne, Inc. | 630 | ||||||||||
355 | Smith & Wesson Holding Corp. (D) | 2,018 | ||||||||||
6 | Steven Madden Ltd. (D) | 155 | ||||||||||
9 | Sturm Ruger & Co., Inc. | 114 | ||||||||||
13 | Tempur-Pedic International, Inc. | 169 | ||||||||||
9 | Timberland Co. Class A (D) | 122 | ||||||||||
163 | True Religion Apparel, Inc. (D) | 3,637 | ||||||||||
9 | Tupperware Brands Corp. | 225 | ||||||||||
4 | Under Armour, Inc. Class A (D) | 94 | ||||||||||
49 | Warnaco Group, Inc. (D) | 1,592 | ||||||||||
7 | Wolverine World Wide, Inc. | 151 | ||||||||||
13,253 | ||||||||||||
Consumer Services — 4.7% | ||||||||||||
4 | American Public Education, Inc. (D) | 153 | ||||||||||
10 | Ameristar Casinos, Inc. | 194 | ||||||||||
131 | Bally Technologies, Inc. (D) | 3,911 | ||||||||||
8 | BJ’s Restaurants, Inc. (D) | 139 | ||||||||||
22 | Buffalo Wild Wings, Inc. (D) | 726 | ||||||||||
10 | California Pizza Kitchen, Inc. (D) | 129 | ||||||||||
2 | Capella Education Co. (D) | 133 | ||||||||||
4 | CEC Entertainment, Inc. (D) | 131 | ||||||||||
15 | Cheesecake Factory, Inc. (D) | 253 | ||||||||||
8 | CKE Restaurants, Inc. | 68 | ||||||||||
17 | Corinthian Colleges, Inc. (D) | 283 | ||||||||||
5 | Cracker Barrel Old Country Store, Inc. | 129 | ||||||||||
22 | DineEquity, Inc. | 689 | ||||||||||
12 | Domino’s Pizza, Inc. (D) | 90 | ||||||||||
52 | ITT Educational Services, Inc. (D) | 5,226 | ||||||||||
9 | Jack in the Box, Inc. (D) | 204 | ||||||||||
10 | Lincoln Educational Services Corp. (D) | 206 | ||||||||||
6 | P. F. Chang’s China Bistro, Inc. (D) | 194 | ||||||||||
5 | Papa John’s International, Inc. (D) | 124 | ||||||||||
12 | Pinnacle Entertainment, Inc. (D) | 112 | ||||||||||
56 | Pre-Paid Legal Services, Inc. (D) | 2,458 | ||||||||||
120 | Red Robin Gourmet Burgers, Inc. (D) | 2,258 | ||||||||||
— | Steiner Leisure Ltd. (D) | 12 | ||||||||||
16 | Texas Roadhouse, Inc. (D) | 178 |
The accompanying notes are an integral part of these financial statements.
151
Table of Contents
Hartford SmallCap Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Consumer Services — (continued) | ||||||||||||
1 | Universal Travel Group (D) | $ | 6 | |||||||||
137 | WMS Industries, Inc. (D) | 4,309 | ||||||||||
22,315 | ||||||||||||
Diversified Financials — 1.2% | ||||||||||||
11 | Advance America Cash Advance Centers, Inc. | 49 | ||||||||||
125 | Ezcorp, Inc. (D) | 1,350 | ||||||||||
9 | First Cash Financial Services, Inc. (D) | 150 | ||||||||||
231 | GFI Group, Inc. | 1,559 | ||||||||||
16 | Knight Capital Group, Inc. (D) | 266 | ||||||||||
9 | Life Partners Holdings, Inc. | 129 | ||||||||||
143 | optionsXpress Holdings, Inc. | 2,222 | ||||||||||
2 | Stifel Financial (D) | 111 | ||||||||||
5,836 | ||||||||||||
Energy — 4.5% | ||||||||||||
11 | Alon USA Energy, Inc. | 109 | ||||||||||
144 | Arena Resources, Inc. (D) | 4,582 | ||||||||||
6 | Carbo Ceramics, Inc. | 209 | ||||||||||
237 | Complete Production Services, Inc. (D) | 1,509 | ||||||||||
1 | Contango Oil & Gas Co. (D) | 57 | ||||||||||
4 | Dril-Quip, Inc. (D) | 165 | ||||||||||
— | Isramco, Inc. (D) | 6 | ||||||||||
4 | Lufkin Industries, Inc. | 188 | ||||||||||
12 | Matrix Service Co. (D) | 136 | ||||||||||
397 | McMoRan Exploration Co. (D) | 2,368 | ||||||||||
3 | NATCO Group, Inc. (D) | 96 | ||||||||||
26 | Overseas Shipholding Group, Inc. | 868 | ||||||||||
465 | Rosetta Resources, Inc. (D) | 4,069 | ||||||||||
2 | RPC, Inc. | 18 | ||||||||||
94 | St. Mary Land & Exploration Co. | 1,964 | ||||||||||
66 | Swift Energy Co. (D) | 1,092 | ||||||||||
141 | Union Drilling, Inc. (D) | 930 | ||||||||||
6 | Uranium Energy Corp. (D) | 18 | ||||||||||
360 | Vaalco Energy, Inc. (D) | 1,521 | ||||||||||
132 | W&T Offshore, Inc. | 1,285 | ||||||||||
15 | Willbros Group, Inc. (D) | 194 | ||||||||||
4 | World Fuel Services Corp. | 171 | ||||||||||
21,555 | ||||||||||||
Food & Staples Retailing — 0.7% | ||||||||||||
83 | BJ’s Wholesale Club, Inc. (D) | 2,662 | ||||||||||
7 | Casey’s General Stores, Inc. | 176 | ||||||||||
8 | Pantry, Inc. (D) | 131 | ||||||||||
6 | United Natural Foods, Inc. (D) | 151 | ||||||||||
3,120 | ||||||||||||
Food, Beverage & Tobacco — 0.7% | ||||||||||||
3 | American Dairy, Inc. (D) | 115 | ||||||||||
6 | American Italian Pasta Co. (D) | 178 | ||||||||||
— | Cal-Maine Foods, Inc. | 11 | ||||||||||
391 | Darling International, Inc. (D) | 2,579 | ||||||||||
— | Diamond Foods, Inc. | 13 | ||||||||||
2 | J&J Snack Foods Corp. | 84 | ||||||||||
6 | Lancaster Colony Corp. | 250 | ||||||||||
3 | Lance, Inc. | 76 | ||||||||||
5 | Sanderson Farms, Inc. | 215 | ||||||||||
5 | Vector Group Ltd. | 65 | ||||||||||
3,586 | ||||||||||||
Health Care Equipment & Services — 9.9% | ||||||||||||
18 | Align Technology, Inc. (D) | 186 | ||||||||||
4 | Amedisys, Inc. (D) | 147 | ||||||||||
198 | American Medical Systems Holdings (D) | 3,126 | ||||||||||
10 | Amerigroup Corp. (D) | 266 | ||||||||||
245 | Angiodynamics, Inc. (D) | 3,249 | ||||||||||
6 | Athenahealth, Inc. (D) | 218 | ||||||||||
34 | Beckman Coulter, Inc. | 1,937 | ||||||||||
5 | Catalyst Health Solutions (D) | 120 | ||||||||||
8 | Centene Corp. (D) | 160 | ||||||||||
— | Chemed Corp. | 13 | ||||||||||
39 | Community Health Systems, Inc. (D) | 995 | ||||||||||
151 | Corvel Corp. (D) | 3,429 | ||||||||||
9 | CryoLife, Inc. (D) | 51 | ||||||||||
152 | Cyberonics, Inc. (D) | 2,523 | ||||||||||
138 | Eclipsys Corp. (D) | 2,458 | ||||||||||
4 | Emergency Medical Services (D) | 162 | ||||||||||
1 | Enteromedics, Inc. (D) | 3 | ||||||||||
4 | Genoptix, Inc. (D) | 136 | ||||||||||
4 | Haemonetics Corp. (D) | 209 | ||||||||||
73 | Hanger Orthopedic Group, Inc. (D) | 989 | ||||||||||
10 | HealthSouth Corp. (D) | 143 | ||||||||||
319 | Healthspring, Inc. (D) | 3,462 | ||||||||||
7 | HMS Holdings Corp. (D) | 271 | ||||||||||
5 | ICU Medical, Inc. (D) | 205 | ||||||||||
4 | IPC The Hospitalist Co. (D) | 115 | ||||||||||
2 | Landauer, Inc. | 113 | ||||||||||
86 | LHC Group, Inc. (D) | 1,908 | ||||||||||
103 | LifePoint Hospitals, Inc. (D) | 2,706 | ||||||||||
137 | Masimo Corp. (D) | 3,297 | ||||||||||
13 | MedAssets, Inc. (D) | 246 | ||||||||||
6 | NuVasive, Inc. (D) | 270 | ||||||||||
316 | OraSure Technologies, Inc. (D) | 782 | ||||||||||
119 | Orthofix International N.V. (D) | 2,979 | ||||||||||
7 | Palomar Medical Technologies, Inc. (D) | 98 | ||||||||||
91 | PharMerica Corp. (D) | 1,780 | ||||||||||
10 | Phase Forward, Inc. (D) | 157 | ||||||||||
5 | Providence Service Corp. (D) | 55 | ||||||||||
5 | Quality Systems | 290 | ||||||||||
5 | Rehabcare Group, Inc. (D) | 108 | ||||||||||
6 | Sirona Dental Systems, Inc. (D) | 123 | ||||||||||
9 | STERIS Corp. | 226 | ||||||||||
130 | Symmetry Medical, Inc. (D) | 1,215 | ||||||||||
11 | Thoratec Corp. (D) | 302 | ||||||||||
61 | Triple-S Management Corp., Class B (D) | 944 | ||||||||||
62 | U.S. Physical Therapy, Inc. (D) | 909 | ||||||||||
— | Utah Medical Products, Inc. | 4 | ||||||||||
73 | Volcano Corp. (D) | 1,015 | ||||||||||
— | Young Innovations, Inc. | 4 | ||||||||||
150 | Zoll Medical Corp. (D) | 2,899 | ||||||||||
47,003 | ||||||||||||
Household & Personal Products — 2.4% | ||||||||||||
672 | American Oriental Bioengineering, Inc. (D) | 3,552 | ||||||||||
3 | Chattem, Inc. (D) | 198 | ||||||||||
2 | China Sky One Medical, Inc. (D) | 22 | ||||||||||
485 | Nu Skin Enterprises, Inc. Class A | 7,419 | ||||||||||
11,191 | ||||||||||||
Insurance — 2.1% | ||||||||||||
115 | Allied World Assurance Holdings Ltd. | 4,679 | ||||||||||
205 | Amerisafe, Inc. (D) | 3,183 | ||||||||||
51 | Axis Capital Holdings Ltd. | 1,325 | ||||||||||
4 | eHealth, Inc. (D) | 63 | ||||||||||
25 | Platinum Underwriters Holdings Ltd. | 709 | ||||||||||
6 | Tower Group, Inc. | 152 | ||||||||||
10,111 | ||||||||||||
Materials — 1.7% | ||||||||||||
2 | Arch Chemicals, Inc. | 55 | ||||||||||
4 | BWAY Holding Co. (D) | 67 | ||||||||||
39 | Calgon Carbon Corp. (D) | 540 | ||||||||||
— | China Green Agriculture, Inc. (D) | 4 |
The accompanying notes are an integral part of these financial statements.
152
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Materials — (continued) | ||||||||||||
128 | Cliff’s Natural Resources, Inc. | $ | 3,120 | |||||||||
143 | Headwaters, Inc. (D) | 481 | ||||||||||
5 | Koppers Holdings, Inc. | 121 | ||||||||||
6 | LSB Industries, Inc. (D) | 100 | ||||||||||
2 | Newmarket Corp. | 165 | ||||||||||
40 | OM Group, Inc. (D) | 1,167 | ||||||||||
2 | Omnova Solutions, Inc. (D) | 8 | ||||||||||
3 | Paramount Gold & Silver Corp. (D) | 4 | ||||||||||
47 | Rock Tenn Co. Class A | 1,801 | ||||||||||
3 | Silgan Holdings, Inc. | 132 | ||||||||||
9 | Worthington Industries, Inc. | 112 | ||||||||||
7,877 | ||||||||||||
Media — 2.2% | ||||||||||||
316 | Arbitron, Inc. | 5,026 | ||||||||||
1 | Carmike Cinemas, Inc. | 4 | ||||||||||
12 | Dolan Media Co. (D) | 154 | ||||||||||
149 | Marvel Entertainment, Inc. (D) | 5,289 | ||||||||||
3 | National Cinemedia, Inc. | 36 | ||||||||||
1 | Rentrak Corp. (D) | 19 | ||||||||||
10,528 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 13.8% | ||||||||||||
427 | Alkermes, Inc. (D) | 4,619 | ||||||||||
51 | Alnylam Pharmaceuticals, Inc. (D) | 1,134 | ||||||||||
333 | Arena Pharmaceuticals, Inc. (D) | 1,664 | ||||||||||
1 | Aryx Therapeutics, Inc. (D) | 5 | ||||||||||
5 | Avanir Pharmaceuticals (D) | 11 | ||||||||||
9 | AVI BioPharma, Inc. (D) | 14 | ||||||||||
24 | Bio-Rad Laboratories, Inc. Class A (D) | 1,804 | ||||||||||
134 | Bruker Corp. (D) | 1,241 | ||||||||||
349 | Celera Corp. (D) | 2,660 | ||||||||||
204 | Cepheid, Inc. (D) | 1,919 | ||||||||||
313 | Cubist Pharmaceuticals, Inc. (D) | 5,732 | ||||||||||
90 | Cypress Bioscience (D) | 843 | ||||||||||
774 | Cytokinetics, Inc. (D) | 2,192 | ||||||||||
2 | Dionex Corp. (D) | 126 | ||||||||||
15 | Enzon, Inc. (D) | 122 | ||||||||||
16 | eResearch Technology, Inc. (D) | 99 | ||||||||||
1 | Harvard Bioscience, Inc. (D) | 5 | ||||||||||
12 | Impax Laboratories, Inc. (D) | 85 | ||||||||||
13 | Isis Pharmaceuticals, Inc. (D) | 209 | ||||||||||
147 | Kendle International, Inc. (D) | 1,798 | ||||||||||
1 | Lannet, Inc. (D) | 4 | ||||||||||
10 | Martek Biosciences Corp. | 202 | ||||||||||
2 | Maxygen, Inc. (D) | 14 | ||||||||||
309 | Medicines Co. (D) | 2,592 | ||||||||||
1 | Medicis Pharmaceutical Corp. Class A | 11 | ||||||||||
48 | Metabolix, Inc. (D) | 391 | ||||||||||
86 | Myriad Genetics, Inc. (D) | 3,066 | ||||||||||
23 | Myriad Pharmaceuticals, Inc. (D) | 109 | ||||||||||
22 | Nektar Therapeutics (D) | 144 | ||||||||||
7 | NPS Pharmaceuticals, Inc. (D) | 34 | ||||||||||
128 | Onyx Pharmaceuticals, Inc. (D) | 3,618 | ||||||||||
91 | OSI Pharmaceuticals, Inc. (D) | 2,566 | ||||||||||
25 | PDL Biopharma, Inc. | 194 | ||||||||||
78 | Perrigo Co. | 2,167 | ||||||||||
132 | Pharmasset, Inc. (D) | 1,486 | ||||||||||
26 | Questcor Pharmaceuticals (D) | 132 | ||||||||||
260 | Regeneron Pharmaceuticals, Inc. (D) | 4,657 | ||||||||||
212 | Rigel Pharmaceuticals, Inc. (D) | 2,567 | ||||||||||
463 | Salix Pharmaceuticals Ltd. (D) | 4,573 | ||||||||||
171 | Sepracor, Inc. (D) | 2,958 | ||||||||||
14 | Spectrum Pharmaceuticals, Inc. (D) | 106 | ||||||||||
101 | Theravance, Inc. (D) | 1,483 | ||||||||||
71 | Varian, Inc. (D) | 2,808 | ||||||||||
19 | VIVUS, Inc. (D) | 115 | ||||||||||
57 | Watson Pharmaceuticals, Inc. (D) | 1,934 | ||||||||||
60 | Xenoport, Inc. (D) | 1,397 | ||||||||||
65,610 | ||||||||||||
Real Estate — 1.1% | ||||||||||||
45 | American Capital Agency Corp. | 1,029 | ||||||||||
183 | Anworth Mortgage Asset Corp. | 1,318 | ||||||||||
223 | Brandywine Realty Trust | 1,659 | ||||||||||
152 | MFA Mortgage Investments, Inc. | 1,052 | ||||||||||
2 | PS Business Parks, Inc. | 116 | ||||||||||
5 | Tanger Factory Outlet Center | 158 | ||||||||||
5,332 | ||||||||||||
Retailing — 4.4% | ||||||||||||
10 | 99 Cents Only Stores (D) | 136 | ||||||||||
32 | Abercrombie & Fitch Co. Class A | 823 | ||||||||||
164 | Big Lots, Inc. (D) | 3,453 | ||||||||||
3 | Blue Nile, Inc. (D) | 118 | ||||||||||
6 | Cato Corp. | 98 | ||||||||||
6 | Children’s Place Retail Stores, Inc. (D) | 168 | ||||||||||
64 | Citi Trends, Inc. (D) | 1,664 | ||||||||||
69 | Collective Brands, Inc. (D) | 1,001 | ||||||||||
2 | Core-Mark Holding Co., Inc. (D) | 52 | ||||||||||
— | Destination Maternity Corp. (D) | 4 | ||||||||||
6 | Fred’s, Inc. | 75 | ||||||||||
95 | Gymboree Corp. (D) | 3,385 | ||||||||||
5 | Hibbett Sports, Inc. (D) | 91 | ||||||||||
85 | Hot Topic, Inc. (D) | 621 | ||||||||||
6 | J. Crew Group, Inc. (D) | 170 | ||||||||||
8 | Jo-Ann Stores, Inc. (D) | 164 | ||||||||||
39 | Joseph A. Bank Clothiers, Inc. (D) | 1,350 | ||||||||||
66 | Netflix, Inc. (D) | 2,708 | ||||||||||
99 | Nutri/System, Inc. | 1,430 | ||||||||||
119 | Overstock.com, Inc. (D) | 1,419 | ||||||||||
9 | PetMed Express, Inc. (D) | 137 | ||||||||||
5 | Tractor Supply Co. (D) | 200 | ||||||||||
504 | Wet Seal, Inc. Class A (D) | 1,547 | ||||||||||
20,814 | ||||||||||||
Semiconductors & Semiconductor Equipment — 5.0% | ||||||||||||
24 | Amkor Technology, Inc. (D) | 111 | ||||||||||
242 | Atheros Communications, Inc. (D) | 4,659 | ||||||||||
5 | Hittite Microwave Corp. (D) | 183 | ||||||||||
2 | Micrel, Inc. | 15 | ||||||||||
12 | Microsemi Corp. (D) | 159 | ||||||||||
5 | Netlogic Microsystems, Inc. (D) | 176 | ||||||||||
3 | NVE Corp. (D) | 150 | ||||||||||
361 | ON Semiconductor Corp. (D) | 2,478 | ||||||||||
300 | PMC — Sierra, Inc. (D) | 2,386 | ||||||||||
1,177 | RF Micro Devices, Inc. (D) | 4,426 | ||||||||||
10 | Semtech Corp. (D) | 155 | ||||||||||
585 | Skyworks Solutions, Inc. (D) | 5,726 | ||||||||||
73 | Tessera Technologies, Inc. (D) | 1,834 | ||||||||||
4 | Ultratech Stepper, Inc. (D) | 46 | ||||||||||
48 | Varian Semiconductor Equipment Associates, Inc. (D) | 1,158 | ||||||||||
23,662 | ||||||||||||
Software & Services — 12.9% | ||||||||||||
4 | ACI Worldwide, Inc. (D) | 51 | ||||||||||
18 | Acxiom Corp. | 156 | ||||||||||
6 | Advent Software, Inc. (D) | 188 | ||||||||||
12 | Ariba, Inc. (D) | 116 | ||||||||||
484 | Art Technology Group, Inc. (D) | 1,838 | ||||||||||
190 | AsiaInfo Holdings, Inc. (D) | 3,265 |
The accompanying notes are an integral part of these financial statements.
153
Table of Contents
Hartford SmallCap Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
8 | Blackbaud, Inc. | $ | 123 | |||||||||
5 | Blackboard, Inc. (D) | 140 | ||||||||||
158 | Commvault Systems, Inc. (D) | 2,626 | ||||||||||
7 | Concur Technologies, Inc. (D) | 214 | ||||||||||
185 | CSG Systems International, Inc. (D) | 2,453 | ||||||||||
9 | CyberSource Corp. (D) | 133 | ||||||||||
9 | DealerTrack Holdings, Inc. (D) | 147 | ||||||||||
5 | Digital River, Inc. (D) | 176 | ||||||||||
220 | Earthlink, Inc. (D) | 1,633 | ||||||||||
— | Forrester Research, Inc. (D) | 8 | ||||||||||
12 | Gartner, Inc. Class A (D) | 187 | ||||||||||
14 | Global Cash Access, Inc. (D) | 111 | ||||||||||
229 | Informatica Corp. (D) | 3,930 | ||||||||||
186 | j2 Global Communications, Inc. (D) | 4,187 | ||||||||||
16 | Jack Henry & Associates, Inc. | 328 | ||||||||||
110 | JDA Software Group, Inc. (D) | 1,650 | ||||||||||
7 | Manhattan Associates, Inc. (D) | 135 | ||||||||||
3 | MAXIMUS, Inc. | 106 | ||||||||||
96 | Mercadolibre, Inc. (D) | 2,574 | ||||||||||
2 | MicroStrategy, Inc. (D) | 107 | ||||||||||
4 | MoneyGram International, Inc. (D) | 7 | ||||||||||
68 | Net 1 UEPS Technologies, Inc. (D) | 927 | ||||||||||
4 | Netscout Systems, Inc. (D) | 35 | ||||||||||
396 | Parametric Technology Corp. (D) | 4,624 | ||||||||||
8 | Pegasystems, Inc. | 205 | ||||||||||
13 | Rackspace Hosting, Inc. (D) | 186 | ||||||||||
130 | Red Hat, Inc. (D) | 2,609 | ||||||||||
66 | RightNow Technologies, Inc. (D) | 783 | ||||||||||
13 | S1 Corp. (D) | 88 | ||||||||||
528 | Sapient Corp. (D) | 3,319 | ||||||||||
12 | Smith Micro Software, Inc. (D) | 122 | ||||||||||
46 | Sohu.com, Inc. (D) | 2,859 | ||||||||||
6 | Solarwinds, Inc. (D) | 100 | ||||||||||
127 | Solera Holdings, Inc. (D) | 3,224 | ||||||||||
4 | SPSS, Inc. (D) | 127 | ||||||||||
35 | Sybase, Inc. (D) | 1,109 | ||||||||||
5 | Syntel, Inc. | 162 | ||||||||||
8 | Taleo Corp. Class A (D) | 141 | ||||||||||
179 | TeleCommunication Systems, Inc. Class A (D) | 1,271 | ||||||||||
350 | Tibco Software, Inc. (D) | 2,508 | ||||||||||
196 | TiVo, Inc. (D) | 2,055 | ||||||||||
2 | Tyler Corp. (D) | 31 | ||||||||||
402 | United Online, Inc. | 2,619 | ||||||||||
13 | Valueclick, Inc. (D) | 139 | ||||||||||
88 | Vignette Corp. (D) | 1,160 | ||||||||||
31 | VistaPrint Ltd. (D) | 1,324 | ||||||||||
5 | Vocus, Inc. (D) | 105 | ||||||||||
14 | Websense, Inc. (D) | 256 | ||||||||||
14 | Wind River Systems, Inc. (D) | 162 | ||||||||||
98 | Wright Express Corp. (D) | 2,507 | ||||||||||
61,346 | ||||||||||||
Technology — 0.2% | ||||||||||||
68 | Polypore International, Inc. (D) | 758 | ||||||||||
Technology Hardware & Equipment — 7.4% | ||||||||||||
73 | 3Com Corp. (D) | 342 | ||||||||||
4 | Acme Packet, Inc. (D) | 42 | ||||||||||
6 | ADTRAN, Inc. | 127 | ||||||||||
3 | Anaren Microwave, Inc. (D) | 59 | ||||||||||
138 | Arris Group, Inc. (D) | 1,674 | ||||||||||
21 | Aruba Networks, Inc. (D) | 183 | ||||||||||
173 | Avocent Corp. (D) | 2,410 | ||||||||||
238 | Benchmark Electronics, Inc. (D) | 3,430 | ||||||||||
— | Bigband Networks, Inc. (D) | — | ||||||||||
17 | Brightpoint, Inc. (D) | 104 | ||||||||||
15 | Cogent, Inc. (D) | 161 | ||||||||||
5 | Cognex Corp. | 67 | ||||||||||
5 | Comtech Telecommunications Corp. (D) | 146 | ||||||||||
10 | Data Domain, Inc. (D) | 325 | ||||||||||
3 | DG Fastchannel, Inc. (D) | 46 | ||||||||||
27 | Harmonic, Inc. (D) | 160 | ||||||||||
68 | Ingram Micro, Inc. (D) | 1,197 | ||||||||||
76 | Interdigital, Inc. (D) | 1,848 | ||||||||||
99 | Multi-Fineline Electronix, Inc. (D) | 2,112 | ||||||||||
88 | Novatel Wireless, Inc. (D) | 797 | ||||||||||
5 | Osi Systems, Inc. (D) | 94 | ||||||||||
97 | Palm, Inc. (D) | 1,612 | ||||||||||
5 | Plantronics, Inc. | 101 | ||||||||||
87 | Plexus Corp. (D) | 1,774 | ||||||||||
113 | Polycom, Inc. (D) | 2,287 | ||||||||||
199 | QLogic Corp. (D) | 2,522 | ||||||||||
246 | Riverbed Technology, Inc. (D) | 5,703 | ||||||||||
1 | Scansource, Inc. (D) | 33 | ||||||||||
222 | Starent Networks Corp. (D) | 5,422 | ||||||||||
6 | STEC, Inc. (D) | 133 | ||||||||||
6 | Synaptics, Inc. (D) | 243 | ||||||||||
9 | Tekelec (D) | 147 | ||||||||||
35,301 | ||||||||||||
Telecommunication Services — 2.0% | ||||||||||||
2 | AboveNet, Inc. (D) | 144 | ||||||||||
4 | Alaska Communication Systems Holdings, Inc. | 29 | ||||||||||
150 | Atlantic Tele-Network, Inc. | 5,889 | ||||||||||
— | Cbeyond, Inc. (D) | 6 | ||||||||||
30 | Centennial Cellular Corp. Class A (D) | 253 | ||||||||||
1 | Consolidated Communications Holdings, Inc. | 10 | ||||||||||
1 | Incontact, Inc. (D) | 4 | ||||||||||
10 | Iowa Telecommunications Services, Inc. | 129 | ||||||||||
10 | Neutral Tandem, Inc. (D) | 280 | ||||||||||
52 | NTELOS Holdings Corp. | 957 | ||||||||||
12 | Premiere Global Services, Inc. (D) | 131 | ||||||||||
4 | Shenandoah Telecommunications Co. | 80 | ||||||||||
85 | Syniverse Holdings, Inc. (D) | 1,357 | ||||||||||
7 | USA Mobility, Inc. | 89 | ||||||||||
18 | Virgin Mobile USA, Inc. (D) | 71 | ||||||||||
9,429 | ||||||||||||
Transportation — 2.7% | ||||||||||||
— | Heartland Express, Inc. | 6 | ||||||||||
195 | Hub Group, Inc. (D) | 4,025 | ||||||||||
56 | Knight Transportation, Inc. | 933 | ||||||||||
81 | Marten Transport Ltd. (D) | 1,684 | ||||||||||
61 | Old Dominion Freight Line, Inc. (D) | 2,051 | ||||||||||
65 | Saia, Inc. (D) | 1,163 | ||||||||||
174 | Werner Enterprises, Inc. | 3,157 | ||||||||||
13,019 | ||||||||||||
Utilities — 0.5% | ||||||||||||
6 | New Jersey Resources Corp. | 223 | ||||||||||
3 | South Jersey Industries, Inc. | 93 | ||||||||||
78 | UniSource Energy Corp. | 2,057 | ||||||||||
2,373 | ||||||||||||
Total common stocks (cost $502,917) | $ | 466,225 | ||||||||||
Total long-term investments (cost $502,917) | $ | 466,225 | ||||||||||
The accompanying notes are an integral part of these financial statements.
154
Table of Contents
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||||||
Repurchase Agreements — 1.8% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $492, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $502) | ||||||||||||
$ | 492 | 0.09%, 6/30/2009 | $ | 492 | ||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $394, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $401) | ||||||||||||
394 | 0.01%, 6/30/2009 | 394 | ||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,531, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $4,622) | ||||||||||||
4,531 | 0.05%, 6/30/2009 | 4,531 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,139, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,162) | ||||||||||||
1,139 | 0.09%, 6/30/2009 | 1,139 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,707, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,741) | ||||||||||||
1,707 | 0.08%, 6/30/2009 | 1,707 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2) | ||||||||||||
2 | 0.03%, 6/30/2009 | 2 | ||||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $74, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $75) | ||||||||||||
74 | 0.01%, 6/30/2009 | 74 | ||||||||||
8,339 | ||||||||||||
U.S. Treasury Bills — 0.0% | ||||||||||||
230 | 0.18%, 7/16/2009 (S)(M) | 230 | ||||||||||
Total short-term investments (cost $8,569) | $ | 8,569 | ||||||||||
Total investments (cost $511,486) (C) | 100.0 | % | $ | 474,794 | ||||||||
Other assets and liabilities | — | % | (55 | ) | ||||||||
Total net assets | 100.0 | % | $ | 474,739 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 2.7% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $514,522 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 56,016 | ||
Unrealized Depreciation | (95,744 | ) | ||
Net Unrealized Depreciation | $ | (39,728 | ) | |
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
Russell 2000 Mini | 9 | Long | Sep 2009 | $ | (13 | ) |
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 466,225 | $ | 466,225 | $ | — | $ | — | ||||||||
Short-Term Investments | 8,569 | — | 8,569 | — | ||||||||||||
Total | $ | 474,794 | $ | 466,225 | $ | 8,569 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 13 | $ | 13 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
155
Table of Contents
Hartford SmallCap Value HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 95.3% | ||||||||||||
Automobiles & Components — 0.6% | ||||||||||||
2 | ArvinMeritor, Inc. | $ | 7 | |||||||||
5 | Dana Holding Corp. (D) | 6 | ||||||||||
— | Hawk Corp. (D) | 3 | ||||||||||
4 | Hayes Lemmerz International (D) | — | ||||||||||
2 | Lear Corp. (D) | 1 | ||||||||||
5 | Modine Manufacturing Co. | 24 | ||||||||||
2 | Spartan Motors, Inc. | 26 | ||||||||||
1 | Standard Motor Products | 7 | ||||||||||
4 | Stoneridge, Inc. (D) | 19 | ||||||||||
1 | Superior Industries International | 11 | ||||||||||
— | Tenneco Automotive, Inc. (D) | 4 | ||||||||||
13 | Thor Industries, Inc. | 239 | ||||||||||
347 | ||||||||||||
Banks — 7.2% | ||||||||||||
— | Alliance Financial Corp. | 3 | ||||||||||
— | Ames National Corp. | 5 | ||||||||||
2 | Arrow Financial Corp. | 53 | ||||||||||
4 | Banco Latinoamericano de Exportaciones S.A. ADR Class E | 55 | ||||||||||
1 | Bank of the Ozarks, Inc. | 15 | ||||||||||
3 | Bankfinancial Corp. | 28 | ||||||||||
— | Bar HBR Bancshares | 3 | ||||||||||
1 | Berkshire Hills Bancorp, Inc. | 21 | ||||||||||
62 | Boston Private Financial Holdings, Inc. | 278 | ||||||||||
— | Brooklyn Federal Bancorp, Inc. | 3 | ||||||||||
1 | Bryn Mawr Bank Corp. | 17 | ||||||||||
1 | Camden National Corp. | 37 | ||||||||||
— | Cardinal Financial Corp. | 2 | ||||||||||
70 | Cathay General Bancorp | 662 | ||||||||||
— | Central Pacific Financial Corp. | 2 | ||||||||||
2 | Chemical Financial Corp. | 38 | ||||||||||
2 | Citizens & Northern Corp. | 48 | ||||||||||
2 | City Holding Co. | 56 | ||||||||||
2 | Clifton Savings Bancorp, Inc. | 22 | ||||||||||
— | CNB Financial Corp. | 1 | ||||||||||
— | Community Bank System, Inc. | 4 | ||||||||||
1 | Community Trust Bancorp, Inc. | 13 | ||||||||||
51 | CVB Financial Corp. | 305 | ||||||||||
4 | Dime Community Bancshares | 33 | ||||||||||
3 | East West Bancorp, Inc. | 19 | ||||||||||
— | ESB Financial Corp. | 3 | ||||||||||
2 | Farmers Capital Bank Corp. | 43 | ||||||||||
1 | First Bancorp, Inc. | 23 | ||||||||||
3 | First Commonwealth Financial Corp. | 17 | ||||||||||
5 | First Financial Bancorp | 40 | ||||||||||
— | First Financial Bankshares, Inc. | 10 | ||||||||||
1 | First Financial Holdings | 11 | ||||||||||
5 | First Financial Northwest | 39 | ||||||||||
— | First Long Island Corp. | 2 | ||||||||||
1 | First Merchants Corp. | 10 | ||||||||||
— | First Source Corp. | 4 | ||||||||||
7 | FirstMerit Corp. | 114 | ||||||||||
11 | FNB Corp. | 69 | ||||||||||
4 | Fox Chase Bancorp, Inc. (D) | 35 | ||||||||||
— | German American Bancorp, Inc. | 2 | ||||||||||
2 | Glacier Bancorp | 22 | ||||||||||
1 | Hancock Holding Co. | 42 | ||||||||||
— | Harleysville National Corp. | 1 | ||||||||||
— | Home Bancorp, Inc. (D) | 2 | ||||||||||
1 | Home Bancshares, Inc. | 21 | ||||||||||
— | Iberiabank Corp. | 4 | ||||||||||
34 | International Bancshares Corp. | 351 | ||||||||||
3 | Investors Bancorp, Inc. (D) | 30 | ||||||||||
4 | Kearny Financial Corp. | 45 | ||||||||||
5 | Lakeland Bancorp, Inc. | 43 | ||||||||||
1 | Lakeland Financial Corp. | 23 | ||||||||||
2 | MainSource Financial Group, Inc. | 11 | ||||||||||
— | Merchants Bancshares | 2 | ||||||||||
3 | MGIC Investment Corp. | 11 | ||||||||||
— | NASB Financial, Inc. | 6 | ||||||||||
— | National Bankshares, Inc. | 2 | ||||||||||
8 | National Penn Bancshares, Inc. | 39 | ||||||||||
3 | NBT Bancorp | 68 | ||||||||||
3 | Newalliance Bancs | 35 | ||||||||||
2 | Northfield Bancorp, Inc. | 23 | ||||||||||
3 | Oceanfirst Financial Corp. | 38 | ||||||||||
1 | Ocwen Financial Corp. (D) | 16 | ||||||||||
4 | Old National Bankcorp | 38 | ||||||||||
1 | Oriental Financial Group, Inc. | 11 | ||||||||||
— | Orrstown Financial Services, Inc. | 2 | ||||||||||
4 | PacWest Bancorp | 49 | ||||||||||
— | Park National Corp. | 23 | ||||||||||
1 | Peapack-Gladstone Financial | 21 | ||||||||||
2 | Peoples Bancorp, Inc. | 29 | ||||||||||
1 | Prosperity Bancshares, Inc. | 42 | ||||||||||
6 | Provident Financial Services, Inc. | 57 | ||||||||||
3 | Renasant Corp. | 47 | ||||||||||
2 | Republic Bancorp, Inc. | 48 | ||||||||||
— | Rockville Financial, Inc. | 3 | ||||||||||
2 | S&T Bancorp, Inc. | 25 | ||||||||||
1 | S.Y. Bancorp, Inc. | 27 | ||||||||||
3 | Santander Bancorp | 22 | ||||||||||
1 | SCBT Financial Corp. | 21 | ||||||||||
1 | Simmons First National Corp. | 33 | ||||||||||
— | Smithtown Bancorp, Inc. | 1 | ||||||||||
3 | South Financial Group, Inc. | 3 | ||||||||||
3 | Southside Bancshares, Inc. | 59 | ||||||||||
— | State Bancorp, Inc. | 2 | ||||||||||
2 | Sterling Bancorp NY | 19 | ||||||||||
7 | Sterling Bancshares, Inc. | 43 | ||||||||||
1 | Suffolk Bancorp | 36 | ||||||||||
1 | Sun Bancorp, Inc. (D) | 5 | ||||||||||
7 | Susquehanna Bancshares, Inc. | 33 | ||||||||||
— | SVB Financial Group (D) | 8 | ||||||||||
46 | Synovus Financial Corp. | 138 | ||||||||||
2 | Towne Bank | 33 | ||||||||||
— | Trico Bancshares | 2 | ||||||||||
5 | Trustco Bank Corp. | 27 | ||||||||||
5 | Trustmark Corp. | 88 | ||||||||||
3 | UMB Financial Corp. | 96 | ||||||||||
2 | United Bankshares, Inc. | 45 | ||||||||||
2 | United Financial Bancorp, Inc. | 30 | ||||||||||
2 | Univest Corp. | 30 | ||||||||||
1 | Washington Trust Bancorp | 14 | ||||||||||
1 | West Bancorporation, Inc. | 4 | ||||||||||
— | Westamerica Banco | 5 | ||||||||||
— | Westfield Financial | 3 | ||||||||||
2 | Wilshire Bancorp, Inc. | 13 | ||||||||||
38 | Zion Bancorp | 439 | ||||||||||
4,654 | ||||||||||||
Capital Goods — 9.6% | ||||||||||||
— | A.O. Smith Corp. | 8 | ||||||||||
— | AAR Corp. (D) | 3 | ||||||||||
1 | Actuant Corp. Class A | 12 | ||||||||||
1 | Aircastle Ltd. | 8 | ||||||||||
1 | Albany International Corp. Class A | 11 | ||||||||||
2 | American Rail Car Industries, Inc. | 16 | ||||||||||
1 | American Woodmark Corp. | 17 | ||||||||||
— | Ameron International Corp. | 7 | ||||||||||
13 | AMETEK, Inc. | 450 | ||||||||||
3 | Apogee Enterprises | 42 |
The accompanying notes are an integral part of these financial statements.
156
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Capital Goods — (continued) | ||||||||||||
1 | Applied Industrial Technologies, Inc. | $ | 12 | |||||||||
1 | Arfon, Inc. (D) | 17 | ||||||||||
2 | Baldor Electric Co. | 45 | ||||||||||
7 | Barnes Group, Inc. | 79 | ||||||||||
3 | Beacon Roofing Supply, Inc. (D) | 45 | ||||||||||
1 | Belden, Inc. | 20 | ||||||||||
2 | Brady Corp. Class A | 47 | ||||||||||
2 | Cascade Bancorp | 24 | ||||||||||
4 | Ceradyne, Inc. (D) | 63 | ||||||||||
1 | CIRCOR International, Inc. | 19 | ||||||||||
28 | Clarcor, Inc. | 826 | ||||||||||
1 | Colfax Corp. (D) | 4 | ||||||||||
2 | Ducommun, Inc. | 43 | ||||||||||
4 | Dycom Industries, Inc. (D) | 39 | ||||||||||
— | DynCorp International, Inc. (D) | 5 | ||||||||||
4 | EMCOR Group, Inc. (D) | 77 | ||||||||||
2 | Encore Wire Corp. | 49 | ||||||||||
7 | EnerSys (D) | 118 | ||||||||||
4 | Enpro Industries, Inc. (D) | 63 | ||||||||||
6 | Federal Signal Corp. | 45 | ||||||||||
2 | Flow International Corp. (D) | 4 | ||||||||||
1 | Freighter America, Inc. | 15 | ||||||||||
3 | Gibralter Industries, Inc. | 17 | ||||||||||
21 | Graco, Inc. | 462 | ||||||||||
7 | GrafTech International Ltd. (D) | 82 | ||||||||||
2 | Graham Corp. | 28 | ||||||||||
2 | Granite Construction, Inc. | 69 | ||||||||||
3 | Greenbrier Cos. | 22 | ||||||||||
4 | Griffon Corp. (D) | 33 | ||||||||||
4 | H & E Equipment Services, Inc. (D) | 36 | ||||||||||
30 | Hexcel Corp. (D) | 281 | ||||||||||
— | Houston Wire & Cable Co. | 5 | ||||||||||
26 | Huttig Building Products, Inc. (H)(D) | 24 | ||||||||||
— | Insituform Technologies, Inc. (D) | 2 | ||||||||||
1 | Insteel Industries, Inc. | 6 | ||||||||||
2 | Interline Brands, Inc. (D) | 22 | ||||||||||
2 | John Bean Technologies Corp. | 26 | ||||||||||
3 | Kadant, Inc. (D) | 35 | ||||||||||
1 | L.B. Foster Co. Class A (D) | 24 | ||||||||||
— | Layne Christensen Co. (D) | 4 | ||||||||||
21 | Lincoln Electric Holdings, Inc. | 744 | ||||||||||
2 | Mueller Industries, Inc. | 40 | ||||||||||
13 | Mueller Water Products, Inc. | 49 | ||||||||||
— | Nacco Industries, Inc. Class A | 11 | ||||||||||
1 | NCI Building Systems, Inc. (D) | 4 | ||||||||||
1 | Nordson Corp. | 31 | ||||||||||
40 | Pike Electric Corp. (D) | 480 | ||||||||||
1 | Powersecure International, Inc. (D) | 2 | ||||||||||
1 | Regal-Beloit Corp. | 56 | ||||||||||
1 | Robbins & Myers, Inc. | 15 | ||||||||||
17 | Roper Industries, Inc. | 779 | ||||||||||
5 | SauerDanfoss, Inc. | 28 | ||||||||||
2 | Standex International | 27 | ||||||||||
2 | Sterling Construction Co., Inc. (D) | 33 | ||||||||||
1 | TAL International Group, Inc. | 12 | ||||||||||
— | Titan International, Inc. | 3 | ||||||||||
6 | Tredegar Corp. | 76 | ||||||||||
1 | Trimas Corp. (D) | 5 | ||||||||||
1 | Triumph Group, Inc. | 56 | ||||||||||
1 | Tutor Perini Corp. (D) | 17 | ||||||||||
1 | Twin Disc, Inc. | 10 | ||||||||||
— | Ultralife Batteries, Inc. (D) | 2 | ||||||||||
3 | United Rentals, Inc. (D) | 17 | ||||||||||
12 | Watts Water Technologies, Inc. | 250 | ||||||||||
6,158 | ||||||||||||
Commercial & Professional Services — 7.5% | ||||||||||||
59 | ABM Industries, Inc. | 1,057 | ||||||||||
20 | ATC Technology Corp. (D) | 286 | ||||||||||
1 | CDI Corp. | 14 | ||||||||||
8 | Comfort Systems USA, Inc. | 86 | ||||||||||
14 | Copart, Inc. (D) | 468 | ||||||||||
1 | Cornell Companies, Inc. (D) | 20 | ||||||||||
3 | Courier Corp. | 40 | ||||||||||
— | CRA International, Inc. (D) | 5 | ||||||||||
1 | Deluxe Corp. | 13 | ||||||||||
1 | EnergySolutions, Inc. | 6 | ||||||||||
— | First Advantage Corp. (D) | 5 | ||||||||||
2 | G & K Services, Inc. Class A | 38 | ||||||||||
— | GP Strategies Corp. (D) | 2 | ||||||||||
2 | Heidrick & Struggles International, Inc. | 38 | ||||||||||
1 | HNI Corp. | 16 | ||||||||||
4 | Kelly Services, Inc. | 46 | ||||||||||
1 | Korn/Ferry International (D) | 14 | ||||||||||
52 | McGrath RentCorp. | 993 | ||||||||||
2 | MPS Group, Inc. (D) | 15 | ||||||||||
5 | On Assignment, Inc. (D) | 20 | ||||||||||
20 | Resources Connection, Inc. (D) | 335 | ||||||||||
23 | School Specialty, Inc. (D) | 455 | ||||||||||
35 | Schwak, Inc. | 262 | ||||||||||
6 | Spherion Corp. (D) | 23 | ||||||||||
5 | Standard Register Co. | 14 | ||||||||||
1 | TrueBlue, Inc. (D) | 11 | ||||||||||
12 | United Stationers, Inc. (D) | 429 | ||||||||||
1 | Viad Corp. | 19 | ||||||||||
— | Volt Information Sciences, Inc. (D) | 2 | ||||||||||
7 | Waste Services, Inc. (D) | 37 | ||||||||||
1 | Watson Wyatt Worldwide, Inc. | 38 | ||||||||||
4,807 | ||||||||||||
Consumer Durables & Apparel — 4.2% | ||||||||||||
1 | American Greetings Corp. Class A | 16 | ||||||||||
1 | Blyth, Inc. | 43 | ||||||||||
8 | Brunswick Corp. | 34 | ||||||||||
4 | Callaway Golf Co. | 20 | ||||||||||
3 | Carter’s, Inc. (D) | 66 | ||||||||||
27 | Cherokee, Inc. | 531 | ||||||||||
4 | Crocs, Inc. (D) | 14 | ||||||||||
— | CSS Industries, Inc. | 2 | ||||||||||
24 | Eastman Kodak Co. | 72 | ||||||||||
2 | Hooker Furniture Corp. | 24 | ||||||||||
1 | Iconix Brand Group, Inc. (D) | 15 | ||||||||||
2 | Jakks Pacific, Inc. (D) | 21 | ||||||||||
2 | Jones Apparel Group, Inc. | 17 | ||||||||||
8 | Liz Claiborne, Inc. | 24 | ||||||||||
— | M/I Schottenstein Homes, Inc. | 4 | ||||||||||
1 | Meritage Homes Corp. (D) | 19 | ||||||||||
1 | Oxford Industries, Inc. | 17 | ||||||||||
2 | Perry Ellis International (D) | 11 | ||||||||||
14 | Quiksilver, Inc. (D) | 25 | ||||||||||
29 | RC2 Corp. (D) | 377 | ||||||||||
3 | Ryland Group, Inc. | 42 | ||||||||||
71 | Tempur-Pedic International, Inc. | 921 | ||||||||||
5 | Timberland Co. Class A (D) | 69 | ||||||||||
1 | Unifirst Corp. | 33 | ||||||||||
— | Universal Electronics, Inc. (D) | 4 | ||||||||||
20 | Volcom, Inc. (D) | 250 | ||||||||||
2,671 | ||||||||||||
Consumer Services — 3.3% | ||||||||||||
3 | Bob Evans Farms, Inc. | 86 | ||||||||||
25 | Burger King Holdings, Inc. | 432 | ||||||||||
1 | Churchill Downs, Inc. | 20 | ||||||||||
1 | Domino’s Pizza, Inc. (D) | 6 |
The accompanying notes are an integral part of these financial statements.
157
Table of Contents
Hartford SmallCap Value HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Consumer Services — (continued) | ||||||||||||
— | Frischs Restaurants, Inc. | $ | 3 | |||||||||
2 | Gaylord Entertainment Co. (D) | 29 | ||||||||||
4 | Great Wolf Resorts, Inc. (D) | 8 | ||||||||||
4 | Jackson Hewitt Tax Service, Inc. | 22 | ||||||||||
3 | Marcus Corp. | 29 | ||||||||||
28 | Matthews International Corp. Class A | 878 | ||||||||||
1 | Multimedia Games, Inc. (D) | 4 | ||||||||||
4 | O’ Charley’s, Inc. | 40 | ||||||||||
14 | Papa John’s International, Inc. (D) | 347 | ||||||||||
4 | Pinnacle Entertainment, Inc. (D) | 34 | ||||||||||
1 | Red Robin Gourmet Burgers, Inc. (D) | 24 | ||||||||||
2 | Regis Corp. | 29 | ||||||||||
2 | Ruth’s Hospitality Group, Inc. (D) | 9 | ||||||||||
2 | Speedway Motorsports, Inc. | 20 | ||||||||||
2 | Steiner Leisure Ltd. (D) | 72 | ||||||||||
1 | Vail Resorts, Inc. (D) | 27 | ||||||||||
2,119 | ||||||||||||
Diversified Financials — 5.1% | ||||||||||||
6 | Advance America Cash Advance Centers, Inc. | 27 | ||||||||||
3 | Allied Capital Corp. | 9 | ||||||||||
10 | American Capital Ltd. | 32 | ||||||||||
1 | Ampal-American Israel Corp. A Shares (D) | 2 | ||||||||||
9 | Apollo Investment Corp. | 56 | ||||||||||
127 | Ares Capital Corp. | 1,020 | ||||||||||
2 | Blackrock Kelso Capital Corp. | 12 | ||||||||||
1 | Calamos Asset Management, Inc. | 16 | ||||||||||
2 | Cash America International, Inc. | 49 | ||||||||||
6 | Compass Diversified Holdings | 47 | ||||||||||
1 | Encore Capital Group, Inc. (D) | 13 | ||||||||||
39 | Federated Investors, Inc. | 927 | ||||||||||
2 | Fifth Street Finance Corp. | 23 | ||||||||||
25 | Financial Federal Corp. | 518 | ||||||||||
1 | Gladstone Capital Corp. | 5 | ||||||||||
2 | Gladstone Investment Corp. | 11 | ||||||||||
6 | Hercules Technology Growth | 52 | ||||||||||
5 | Knight Capital Group, Inc. (D) | 81 | ||||||||||
8 | LaBranche & Co., Inc. (D) | 32 | ||||||||||
3 | MCG Capital Corp. | 7 | ||||||||||
4 | MF Global Ltd. (D) | 22 | ||||||||||
3 | Nelnet, Inc. (D) | 46 | ||||||||||
6 | Newstar Financial, Inc. (D) | 11 | ||||||||||
1 | Oppenheimer Holdings — Class A | 25 | ||||||||||
3 | PennantPark Investment Corp. | 21 | ||||||||||
2 | Penson Worldwide, Inc. (D) | 15 | ||||||||||
3 | PHH Corp. (D) | 60 | ||||||||||
1 | Pico Holdings, Inc. (D) | 32 | ||||||||||
— | Piper Jaffray Cos. (D) | 4 | ||||||||||
2 | Prospect Capital Corp. | 20 | ||||||||||
— | SWS Group, Inc. | 6 | ||||||||||
1 | TradeStation Group, Inc. (D) | 11 | ||||||||||
2 | Virtus Investment Partners, Inc. (D) | 22 | ||||||||||
1 | World Acceptance Corp. (D) | 20 | ||||||||||
3,254 | ||||||||||||
Energy — 5.8% | ||||||||||||
2 | Allis-Chalmers Energy, Inc. (D) | 5 | ||||||||||
1 | Approach Resources, Inc. (D) | 5 | ||||||||||
5 | ATP Oil & Gas Corp. (D) | 34 | ||||||||||
4 | Basic Energy Services, Inc. (D) | 28 | ||||||||||
1 | Berry Petroleum Co. | 24 | ||||||||||
3 | Bill Barrett Corp. (D) | 92 | ||||||||||
3 | Brigham Exploration Co. (D) | 12 | ||||||||||
1 | Bristow Group, Inc. (D) | 35 | ||||||||||
12 | Cal Dive International, Inc. (D) | 107 | ||||||||||
20 | Carbo Ceramics, Inc. | 684 | ||||||||||
6 | Complete Production Services, Inc. (D) | 36 | ||||||||||
— | Contango Oil & Gas Co. (D) | 17 | ||||||||||
1 | Crosstex Energy, Inc. | 4 | ||||||||||
3 | CVR Energy, Inc. (D) | 23 | ||||||||||
2 | Delek U.S. Holdings, Inc. | 13 | ||||||||||
6 | DHT Maritime, Inc. | 32 | ||||||||||
12 | Gran Tierra Energy Corp. (D) | 40 | ||||||||||
11 | Hercules Offshore, Inc. (D) | 44 | ||||||||||
2 | Hornbeck Offshore Services, Inc. (D) | 32 | ||||||||||
6 | International Coal Group, Inc. (D) | 16 | ||||||||||
5 | ION Geophysical Corp. (D) | 12 | ||||||||||
12 | Key Energy Services, Inc. (D) | 66 | ||||||||||
— | Lufkin Industries, Inc. | 13 | ||||||||||
8 | Newpark Resources, Inc. (D) | 23 | ||||||||||
7 | Oceaneering International, Inc. (D) | 294 | ||||||||||
1 | Parallel Petroleum Corp. (D) | 2 | ||||||||||
1 | Parker Drilling Co. (D) | 6 | ||||||||||
3 | Penn Virginia Corp. | 44 | ||||||||||
3 | Petroleum Development Corp. (D) | 41 | ||||||||||
1 | PetroQuest Energy, Inc. (D) | 2 | ||||||||||
5 | Pioneer Drilling Co. (D) | 25 | ||||||||||
19 | Quicksilver Resources, Inc. (D) | 172 | ||||||||||
1 | Rex Energy Corp. (D) | 4 | ||||||||||
2 | Rosetta Resources, Inc. (D) | 13 | ||||||||||
— | Stone Energy Corp. (D) | 2 | ||||||||||
2 | Superior Well Services, Inc. (D) | 12 | ||||||||||
35 | TETRA Technologies, Inc. (D) | 277 | ||||||||||
1 | TGC Industries, Inc. (D) | 4 | ||||||||||
2 | Union Drilling, Inc. (D) | 13 | ||||||||||
4 | Vaalco Energy, Inc. (D) | 15 | ||||||||||
1 | W&T Offshore, Inc. | 11 | ||||||||||
12 | Western Refining, Inc. | 82 | ||||||||||
1 | Westmoreland Coal Co. (D) | 9 | ||||||||||
32 | World Fuel Services Corp. | 1,307 | ||||||||||
3,732 | ||||||||||||
Food & Staples Retailing — 0.3% | ||||||||||||
3 | Casey’s General Stores, Inc. | 77 | ||||||||||
5 | Great Atlantic & Pacific Tea Co., Inc. (D) | 19 | ||||||||||
2 | Nash Finch Co. | 41 | ||||||||||
2 | Pantry, Inc. (D) | 38 | ||||||||||
1 | Susser Holdings (D) | 9 | ||||||||||
2 | Winn-Dixie Stores, Inc. (D) | 20 | ||||||||||
204 | ||||||||||||
Food, Beverage & Tobacco — 2.0% | ||||||||||||
5 | B&G Foods, Inc. Class A | 39 | ||||||||||
3 | Chiquita Brands International, Inc. (D) | 26 | ||||||||||
18 | Flowers Foods, Inc. | 382 | ||||||||||
1 | Fresh Del Monte Produce, Inc. (D) | 15 | ||||||||||
7 | J&J Snack Foods Corp. | 251 | ||||||||||
2 | Omega Protein Corp. (D) | 6 | ||||||||||
7 | Ralcorp Holdings, Inc. (D) | 423 | ||||||||||
— | Seneca Foods Corp. (D) | 3 | ||||||||||
2 | TreeHouse Foods, Inc. (D) | 55 | ||||||||||
2 | Universal Corp. | 76 | ||||||||||
1,276 | ||||||||||||
Health Care Equipment & Services — 7.8% | ||||||||||||
— | Alliance Healthcare Services, Inc. (D) | 3 | ||||||||||
1 | Allied Healthcare International (D) | 3 | ||||||||||
8 | Amedisys, Inc. (D) | 255 | ||||||||||
45 | AMN Healthcare Services, Inc. (D) | 287 | ||||||||||
2 | AmSurg Corp. (D) | 41 | ||||||||||
— | Cantel Medical Corp. (D) | 5 | ||||||||||
1 | Cardiac Science Corp. (D) | 5 | ||||||||||
4 | Centene Corp. (D) | 79 |
The accompanying notes are an integral part of these financial statements.
158
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Health Care Equipment & Services — (continued) | ||||||||||||
9 | Chemed Corp. | $ | 335 | |||||||||
9 | Cooper Co., Inc. | 210 | ||||||||||
1 | Cynosure, Inc. Class A (D) | 7 | ||||||||||
10 | Emergency Medical Services (D) | 368 | ||||||||||
2 | Gentiva Health Services, Inc. (D) | 38 | ||||||||||
2 | Greatbatch, Inc. (D) | 50 | ||||||||||
6 | Healthspring, Inc. (D) | 60 | ||||||||||
— | Home Diagnostics, Inc. (D) | 2 | ||||||||||
7 | ICU Medical, Inc. (D) | 288 | ||||||||||
6 | Invacare Corp. | 112 | ||||||||||
2 | inVentiv Health, Inc. (D) | 31 | ||||||||||
4 | Kindred Healthcare, Inc. (D) | 51 | ||||||||||
16 | Landauer, Inc. | 969 | ||||||||||
1 | Magellan Health Services, Inc. (D) | 36 | ||||||||||
2 | MedCath Corp. (D) | 21 | ||||||||||
3 | Molina Healthcare, Inc. (D) | 62 | ||||||||||
4 | NightHawk Radiology Holdings, Inc. (D) | 14 | ||||||||||
1 | Novamed, Inc. (D) | 2 | ||||||||||
26 | Owens & Minor, Inc. | 1,152 | ||||||||||
1 | Rehabcare Group, Inc. (D) | 24 | ||||||||||
1 | Res-Care, Inc. (D) | 17 | ||||||||||
3 | Skilled Healthcare Group (D) | 22 | ||||||||||
1 | Sun Healthcare Group, Inc. (D) | 7 | ||||||||||
2 | Symmetry Medical, Inc. (D) | 15 | ||||||||||
3 | Tomotherapy, Inc. (D) | 7 | ||||||||||
1 | Triple-S Management Corp., Class B (D) | 16 | ||||||||||
1 | Universal American Financial Corp. (D) | 11 | ||||||||||
1 | Wellcare Health Plans, Inc. (D) | 22 | ||||||||||
17 | Young Innovations, Inc. | 364 | ||||||||||
4,991 | ||||||||||||
Household & Personal Products — 3.1% | ||||||||||||
4 | Central Garden & Pet Co. Class A (D) | 42 | ||||||||||
15 | Chattem, Inc. (D) | 1,015 | ||||||||||
1 | Inter Parfums, Inc. | 10 | ||||||||||
— | Nutraceutical International Corp. (D) | 2 | ||||||||||
8 | Prestige Brands Holdings, Inc. (D) | 47 | ||||||||||
— | Schiff Nutrition International (D) | 2 | ||||||||||
30 | WD40 Co. | 879 | ||||||||||
1,997 | ||||||||||||
Insurance — 3.0% | ||||||||||||
8 | American Equity Investment Life Holding Co. | 47 | ||||||||||
1 | American Physicians Capital, Inc. | 20 | ||||||||||
1 | Amerisafe, Inc. (D) | 12 | ||||||||||
5 | Amtrust Financial Services | 51 | ||||||||||
2 | Argo Group International Holdings Ltd. (D) | 58 | ||||||||||
3 | CNA Surety Corp. (D) | 36 | ||||||||||
22 | Conseco, Inc. (D) | 52 | ||||||||||
3 | Delphi Financial Group Class A | 58 | ||||||||||
5 | Employers Holdings, Inc. | 62 | ||||||||||
2 | FBL Financial Group Class A | 19 | ||||||||||
2 | First Mercury Financial Corp. | 21 | ||||||||||
4 | Flagstone Reinsurance Holdings | 45 | ||||||||||
— | FPIC Insurance Group, Inc. (D) | 3 | ||||||||||
1 | Greenlight Capital Re Ltd. Class A (D) | 24 | ||||||||||
2 | Hallmark Financial Services, Inc. (D) | 14 | ||||||||||
2 | Harleysville Group, Inc. | 42 | ||||||||||
34 | Horace Mann Educators Corp. | 342 | ||||||||||
1 | Infinity Property & Casualty Corp. | 48 | ||||||||||
4 | IPC Holdings Ltd. | 111 | ||||||||||
5 | Maiden Holdings Ltd. | 32 | ||||||||||
4 | Max Capital Group Ltd. | 77 | ||||||||||
7 | Montpelier Re Holdings Ltd. | 98 | ||||||||||
3 | National Financial Partners Corp. | 25 | ||||||||||
— | Navigators Group, Inc. (D) | 9 | ||||||||||
14 | Phoenix Cos. | 22 | ||||||||||
4 | Platinum Underwriters Holdings Ltd. | 110 | ||||||||||
3 | PMA Capital Corp. Class A (D) | 12 | ||||||||||
2 | ProAssurance Corp. (D) | 114 | ||||||||||
2 | �� | Safety Insurance Group, Inc. | 58 | |||||||||
3 | Seabright Insurance Holdings (D) | 28 | ||||||||||
21 | Selective Insurance Group | 272 | ||||||||||
— | Zenith National Insurance Corp. | 7 | ||||||||||
1,929 | ||||||||||||
Materials — 3.1% | ||||||||||||
5 | A. Schulman, Inc. | 82 | ||||||||||
15 | Balchem Corp. | 365 | ||||||||||
1 | Brush Engineered Materials, Inc. (D) | 13 | ||||||||||
5 | Buckeye Technologies, Inc. (D) | 22 | ||||||||||
3 | BWAY Holding Co. (D) | 52 | ||||||||||
1 | Century Aluminum Co. (D) | 6 | ||||||||||
— | Clearwater Paper Corp. (D) | 2 | ||||||||||
— | Coeur d’Alene Mines Corp. (D) | 4 | ||||||||||
2 | Domtar Corp. (D) | 40 | ||||||||||
1 | Ferro Corp. | 4 | ||||||||||
42 | Glatfelter | 373 | ||||||||||
1 | H.B. Fuller Co. | 13 | ||||||||||
— | Hawkins, Inc. | 9 | ||||||||||
4 | Headwaters, Inc. (D) | 13 | ||||||||||
10 | Hecla Mining Co. (D) | 26 | ||||||||||
4 | Horsehead Holding Corp. (D) | 29 | ||||||||||
1 | Innophos Holdings, Inc. | 22 | ||||||||||
1 | Innospec, Inc. | 12 | ||||||||||
3 | Louisiana-Pacific Corp. | 11 | ||||||||||
3 | Minerals Technologies, Inc. | 92 | ||||||||||
2 | Myers Industries | 17 | ||||||||||
18 | Neenah Paper, Inc. | 156 | ||||||||||
8 | Olin Corp. | 93 | ||||||||||
2 | OM Group, Inc. (D) | 54 | ||||||||||
4 | PolyOne Corp. (D) | 11 | ||||||||||
3 | Rock Tenn Co. Class A | 97 | ||||||||||
1 | RTI International Metals, Inc. (D) | 11 | ||||||||||
2 | Schweitzer-Mauduit International, Inc. | 60 | ||||||||||
5 | Sensient Technologies Corp. | 118 | ||||||||||
2 | Solutia, Inc. (D) | 10 | ||||||||||
8 | Spartech Corp. | 74 | ||||||||||
4 | Stillwater Mining Co. (D) | 25 | ||||||||||
1 | Universal Stainless & Alloy Products (D) | 13 | ||||||||||
6 | Worthington Industries, Inc. | 78 | ||||||||||
2,007 | ||||||||||||
Media — 0.7% | ||||||||||||
3 | Belo Corp. Class A | 5 | ||||||||||
14 | Central European Media Enterprises Ltd. (D) | 276 | ||||||||||
3 | Crown Media Holdings, Inc. (D) | 5 | ||||||||||
2 | E.W. Scripps Co. | 3 | ||||||||||
1 | Global Sources Ltd. (D) | 4 | ||||||||||
3 | Harte-Hanks, Inc. | 26 | ||||||||||
4 | Journal Communications, Inc. | 4 | ||||||||||
2 | Knology, Inc. (D) | 14 | ||||||||||
1 | Lin TV Corp. (D) | 2 | ||||||||||
3 | LodgeNet Interactive Corp. (D) | 8 | ||||||||||
11 | Mediacom Communications Corp. (D) | 56 | ||||||||||
1 | National Cinemedia, Inc. | 7 | ||||||||||
1 | Sinclair Broadcast Group, Inc. Class A | 3 | ||||||||||
4 | Valassis Communications, Inc. (D) | 22 | ||||||||||
435 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 1.6% | ||||||||||||
2 | Adolor Corp. (D) | 3 | ||||||||||
3 | Affymetrix, Inc. (D) | 17 |
The accompanying notes are an integral part of these financial statements.
159
Table of Contents
Hartford SmallCap Value HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — (continued) | ||||||||||||
3 | Albany Molecular Research, Inc. (D) | $ | 23 | |||||||||
4 | Bio-Rad Laboratories, Inc. Class A (D) | 317 | ||||||||||
3 | Celera Corp. (D) | 19 | ||||||||||
11 | Covance, Inc. (D) | 522 | ||||||||||
1 | Facet Biotech Corp. (D) | 12 | ||||||||||
6 | KV Pharmaceutical Co. (D) | 20 | ||||||||||
3 | Maxygen, Inc. (D) | 18 | ||||||||||
2 | SuperGen, Inc. (D) | 3 | ||||||||||
5 | ViroPharma, Inc. (D) | 30 | ||||||||||
984 | ||||||||||||
Real Estate — 4.5% | ||||||||||||
1 | American Campus Communities, Inc. | 11 | ||||||||||
9 | Anthracite Capital, Inc. | 5 | ||||||||||
11 | Anworth Mortgage Asset Corp. | 83 | ||||||||||
18 | Ashford Hospitality | 50 | ||||||||||
5 | Associated Estates Realty | 27 | ||||||||||
1 | Biomed Realty Trust, Inc. | 14 | ||||||||||
9 | CapLease, Inc. | 23 | ||||||||||
3 | Capstead Mortgage Corp. | 41 | ||||||||||
7 | CBL & Associates Properties | 37 | ||||||||||
7 | Cedar Shopping Court | 33 | ||||||||||
4 | Colonial Properties Trust | 33 | ||||||||||
1 | Cousins Properties, Inc. | 10 | ||||||||||
9 | DCT Industrial Trust, Inc. | 37 | ||||||||||
6 | Developers Diversified Realty Corp. | 28 | ||||||||||
11 | Diamondrock Hospitality | 67 | ||||||||||
7 | Education Realty Trust, Inc. | 29 | ||||||||||
49 | Entertainment Properties Trust | 999 | ||||||||||
4 | Extra Space Storage, Inc. | 29 | ||||||||||
14 | Felcor Lodging Trust, Inc. | 35 | ||||||||||
4 | First Industrial Realty Trust, Inc. | 19 | ||||||||||
6 | First Potomac Realty Trust | 54 | ||||||||||
— | Franklin Street Properties Corp. | 4 | ||||||||||
3 | Getty Realty Corp. | 55 | ||||||||||
3 | Glimcher Realty Trust | 9 | ||||||||||
1 | Gramercy Capital Corp. | 2 | ||||||||||
1 | Hatteras Financial Corp. | 17 | ||||||||||
5 | Healthcare Realty Trust, Inc. | 79 | ||||||||||
4 | Hersha Hospitality Trust | 10 | ||||||||||
5 | Highwoods Properties, Inc. | 104 | ||||||||||
1 | Home Properties of New York, Inc. | 48 | ||||||||||
4 | Inland Real Estate Corp. | 31 | ||||||||||
13 | iStar Financial, Inc. | 36 | ||||||||||
— | JER Investors Trust, Inc. | — | ||||||||||
1 | Kilroy Realty Corp. | 16 | ||||||||||
2 | Kite Realty Group Trust | 5 | ||||||||||
— | LaSalle Hotel Properties | 5 | ||||||||||
12 | Lexington Realty Trust | 39 | ||||||||||
7 | Medical Properties Trust, Inc. | 42 | ||||||||||
15 | MFA Mortgage Investments, Inc. | 106 | ||||||||||
2 | Mid-America Apartment Communities, Inc. | 58 | ||||||||||
3 | National Health Investors, Inc. | 72 | ||||||||||
4 | National Retail Properties, Inc. | 64 | ||||||||||
1 | Omega Healthcare Investors | 19 | ||||||||||
3 | Parkway Properties, Inc. | 40 | ||||||||||
5 | Penn Real Estate Investment Trust | 26 | ||||||||||
2 | PS Business Parks, Inc. | 73 | ||||||||||
7 | RAIT Financial Trust | 10 | ||||||||||
4 | Redwood Trust, Inc. | 56 | ||||||||||
2 | Resource Capital Corp. | 6 | ||||||||||
10 | Strategic Hotels & Resorts, Inc. | 11 | ||||||||||
1 | Sun Communities, Inc. | 7 | ||||||||||
10 | Sunstone Hotel Investors, Inc. | 55 | ||||||||||
11 | U-Store-It | 53 | ||||||||||
1 | Walter Investment Management (D) | 7 | ||||||||||
1 | Washington Real Estate Investment Trust | 20 | ||||||||||
2,849 | ||||||||||||
Retailing — 3.1% | ||||||||||||
3 | Asbury Automotive Group | 32 | ||||||||||
— | Books-A-Million, Inc. | 2 | ||||||||||
141 | Borders Group, Inc. (D) | 518 | ||||||||||
2 | Brown Shoe Co., Inc. | 14 | ||||||||||
2 | Build-A-Bear Workshop, Inc. (D) | 9 | ||||||||||
3 | Charming Shoppes, Inc. (D) | 11 | ||||||||||
5 | Collective Brands, Inc. (D) | 67 | ||||||||||
1 | Core-Mark Holding Co., Inc. (D) | 26 | ||||||||||
5 | Dillard’s, Inc. | 50 | ||||||||||
1 | Dress Barn, Inc. (D) | 21 | ||||||||||
2 | DSW, Inc. (D) | 15 | ||||||||||
1 | Gander Mountain Co. (D) | 4 | ||||||||||
1 | Genesco, Inc. (D) | 20 | ||||||||||
17 | Group 1 Automotive, Inc. | 443 | ||||||||||
9 | Gymboree Corp. (D) | 306 | ||||||||||
8 | Hot Topic, Inc. (D) | 60 | ||||||||||
2 | Lithia Motors, Inc. | 20 | ||||||||||
3 | Men’s Wearhouse, Inc. | 58 | ||||||||||
10 | New York & Co., Inc. (D) | 30 | ||||||||||
6 | OfficeMax, Inc. | 39 | ||||||||||
2 | Orbitz Worldwide, Inc. (D) | 4 | ||||||||||
10 | Pacific Sunwear of California, Inc. (D) | 34 | ||||||||||
9 | Rent-A-Center, Inc. (D) | 152 | ||||||||||
8 | Retail Ventures, Inc. (D) | 18 | ||||||||||
1 | Sally Beauty Co., Inc. (D) | 6 | ||||||||||
1 | Shoe Carnival, Inc. (D) | 15 | ||||||||||
2 | Sonic Automotive, Inc. | 18 | ||||||||||
— | The Finish Line, Inc. | 2 | ||||||||||
5 | Zale Corp. (D) | 17 | ||||||||||
2,011 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.2% | ||||||||||||
1 | Actel Corp. (D) | 13 | ||||||||||
3 | Anadigics, Inc. (D) | 14 | ||||||||||
2 | Brooks Automation, Inc. (D) | 10 | ||||||||||
— | Cymer, Inc. (D) | 3 | ||||||||||
6 | DSP Group, Inc. (D) | 38 | ||||||||||
287 | Entegris, Inc. (D) | 779 | ||||||||||
2 | Exar Corp. (D) | 14 | ||||||||||
— | IXYS Corp. | 3 | ||||||||||
2 | Microtune, Inc. (D) | 5 | ||||||||||
3 | MKS Instruments, Inc. (D) | 44 | ||||||||||
1 | Pericom Semiconductor Corp. (D) | 10 | ||||||||||
8 | Photronics, Inc. (D) | 32 | ||||||||||
4 | RF Micro Devices, Inc. (D) | 17 | ||||||||||
1 | Silicon Image, Inc. (D) | 2 | ||||||||||
17 | Silicon Storage Technology, Inc. (D) | 33 | ||||||||||
6 | Trident Microsystems, Inc. (D) | 11 | ||||||||||
9 | TriQuint Semiconductor, Inc. (D) | 48 | ||||||||||
14 | Varian Semiconductor Equipment Associates, Inc. (D) | 336 | ||||||||||
1 | Veeco Instruments, Inc. (D) | 6 | ||||||||||
1 | White Electric Designs Corp. (D) | 3 | ||||||||||
1 | Zoran Corp. (D) | 6 | ||||||||||
1,427 | ||||||||||||
Software & Services — 8.7% | ||||||||||||
8 | Acxiom Corp. | 71 | ||||||||||
2 | CACI International, Inc. Class A (D) | 65 | ||||||||||
12 | Cass Information Systems, Inc. | 399 | ||||||||||
5 | CIBER, Inc. (D) | 14 | ||||||||||
18 | Computer Services, Inc. | 568 |
The accompanying notes are an integral part of these financial statements.
160
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
— | Computer Task Group, Inc. (D) | $ | 3 | |||||||||
2 | CSG Systems International, Inc. (D) | 32 | ||||||||||
31 | DealerTrack Holdings, Inc. (D) | 518 | ||||||||||
1 | Deltek, Inc. (D) | 4 | ||||||||||
1 | DivX, Inc. (D) | 6 | ||||||||||
13 | Earthlink, Inc. (D) | 95 | ||||||||||
— | Euronet Worldwide, Inc. (D) | 8 | ||||||||||
4 | Fair Isaac, Inc. | 65 | ||||||||||
6 | Global Cash Access, Inc. (D) | 45 | ||||||||||
3 | Internap Network Services Corp. (D) | 10 | ||||||||||
2 | JDA Software Group, Inc. (D) | 37 | ||||||||||
9 | Lawson Software, Inc. (D) | 47 | ||||||||||
— | MAXIMUS, Inc. | 8 | ||||||||||
38 | MSC.Software Corp. (D) | 250 | ||||||||||
2 | Ness Technologies, Inc. (D) | 7 | ||||||||||
2 | Perficient, Inc. (D) | 15 | ||||||||||
8 | Perot Systems Corp. Class A (D) | 112 | ||||||||||
— | Pervasive Software, Inc. (D) | 2 | ||||||||||
7 | Quest Software, Inc. (D) | 98 | ||||||||||
4 | RealNetworks, Inc. (D) | 12 | ||||||||||
16 | Solera Holdings, Inc. (D) | 406 | ||||||||||
3 | SonicWALL, Inc. (D) | 17 | ||||||||||
48 | Syntel, Inc. | 1,496 | ||||||||||
19 | Tibco Software, Inc. (D) | 137 | ||||||||||
138 | Unisys Corp. (D) | 208 | ||||||||||
9 | United Online, Inc. | 57 | ||||||||||
87 | VeriFone Holdings, Inc. (D) | 650 | ||||||||||
7 | Web.com Group, Inc. (D) | 38 | ||||||||||
5,500 | ||||||||||||
Technology Hardware & Equipment — 4.9% | ||||||||||||
23 | 3Com Corp. (D) | 111 | ||||||||||
7 | ADC Telecommunications, Inc. (D) | 59 | ||||||||||
3 | ADTRAN, Inc. | 69 | ||||||||||
— | Airvana, Inc. (D) | 2 | ||||||||||
— | Anixter International, Inc. (D) | 11 | ||||||||||
9 | Arris Group, Inc. (D) | 111 | ||||||||||
39 | Avid Technology, Inc. (D) | 523 | ||||||||||
4 | Avocent Corp. (D) | 61 | ||||||||||
9 | Benchmark Electronics, Inc. (D) | 132 | ||||||||||
1 | Black Box Corp. | 20 | ||||||||||
3 | Cogo Group, Inc. (D) | 18 | ||||||||||
2 | Coherent, Inc. (D) | 37 | ||||||||||
— | Communications Systems, Inc. | 2 | ||||||||||
6 | Cray, Inc. (D) | 48 | ||||||||||
3 | CTS Corp. | 16 | ||||||||||
1 | Digi International, Inc. (D) | 11 | ||||||||||
47 | Electronics for Imaging, Inc. (D) | 496 | ||||||||||
3 | Harmonic, Inc. (D) | 18 | ||||||||||
12 | Harris Stratex Networks Class A (D) | 76 | ||||||||||
1 | Imation Corp. | 4 | ||||||||||
3 | Insight Enterprises, Inc. (D) | 29 | ||||||||||
37 | Jabil Circuit, Inc. | 271 | ||||||||||
1 | Measurement Specialties, Inc. (D) | 6 | ||||||||||
6 | Methode Electronics, Inc. | 44 | ||||||||||
— | MTS Systems Corp. | 6 | ||||||||||
2 | Netgear, Inc. (D) | 23 | ||||||||||
1 | PC Connection, Inc. (D) | 3 | ||||||||||
1 | PC Mall, Inc. (D) | 4 | ||||||||||
5 | PC-Tel, Inc. (D) | 27 | ||||||||||
11 | Plantronics, Inc. | 217 | ||||||||||
18 | Plexus Corp. (D) | 374 | ||||||||||
— | Polycom, Inc. (D) | 4 | ||||||||||
1 | Powerwave Technologies, Inc. (D) | 2 | ||||||||||
1 | Scansource, Inc. (D) | 30 | ||||||||||
1 | SeaChange International, Inc. (D) | 6 | ||||||||||
4 | Symmetricom, Inc. (D) | 20 | ||||||||||
3 | SYNNEX Corp. (D) | 75 | ||||||||||
5 | Technitrol, Inc. | 34 | ||||||||||
3 | Tekelec (D) | 50 | ||||||||||
8 | TTM Technologies, Inc. (D) | 64 | ||||||||||
8 | UTStarcom, Inc. (D) | 13 | ||||||||||
3,127 | ||||||||||||
Telecommunication Services — 0.8% | ||||||||||||
17 | Cincinnati Bell, Inc. (D) | 47 | ||||||||||
1 | D & E Communications, Inc. | 9 | ||||||||||
11 | FairPoint Communications, Inc. | 7 | ||||||||||
46 | General Communication, Inc. Class A (D) | 315 | ||||||||||
3 | Global Crossing Ltd. (D) | 26 | ||||||||||
— | Surewest Communications (D) | 3 | ||||||||||
3 | Syniverse Holdings, Inc. (D) | 50 | ||||||||||
5 | USA Mobility, Inc. | 64 | ||||||||||
521 | ||||||||||||
Transportation — 3.8% | ||||||||||||
2 | Air Transport Services Group, Inc. (D) | 5 | ||||||||||
3 | Alaska Air Group, Inc. (D) | 46 | ||||||||||
— | Amerco (D) | 4 | ||||||||||
— | Arkansas Best Corp. | 5 | ||||||||||
5 | Atlas Air Worldwide Holdings, Inc. (D) | 109 | ||||||||||
2 | Avis Budget Group, Inc. (D) | 12 | ||||||||||
4 | Celadon Group, Inc. (D) | 31 | ||||||||||
5 | Dollar Thrifty Automotive Group, Inc. (D) | 70 | ||||||||||
1 | Eagle Bulk Shipping, Inc. | 3 | ||||||||||
19 | Forward Air Corp. | 394 | ||||||||||
4 | Heartland Express, Inc. | 57 | ||||||||||
1 | International Shipholding Corp. | 16 | ||||||||||
3 | JetBlue Airways Corp. (D) | 11 | ||||||||||
38 | Landstar System, Inc. | 1,379 | ||||||||||
5 | Pacer International, Inc. | 11 | ||||||||||
7 | Republic Airways Holdings, Inc. (D) | 43 | ||||||||||
2 | Saia, Inc. (D) | 41 | ||||||||||
8 | SkyWest, Inc. | 86 | ||||||||||
3 | Ultrapetrol Bahamas Ltd. (D) | 14 | ||||||||||
— | Universal Truckload Services | 3 | ||||||||||
— | USA Truck, Inc. (D) | 4 | ||||||||||
5 | Werner Enterprises, Inc. | 83 | ||||||||||
2 | YRC Worldwide, Inc. (D) | 4 | ||||||||||
2,431 | ||||||||||||
Utilities — 2.4% | ||||||||||||
— | Allete, Inc. | 3 | ||||||||||
4 | Avista Corp. | 64 | ||||||||||
3 | Black Hills Corp. | 71 | ||||||||||
— | California Water Service Group | 18 | ||||||||||
1 | Central Vermont Public Service Corp. | 13 | ||||||||||
1 | CH Energy Group | 42 | ||||||||||
1 | Chesapeake Utilities Corp. | 26 | ||||||||||
21 | El Paso Electric Co. (D) | 288 | ||||||||||
1 | Empire District Electric Co. | 8 | ||||||||||
2 | IDACORP, Inc. | 42 | ||||||||||
1 | MGE Energy, Inc. | 37 | ||||||||||
4 | New Jersey Resources Corp. | 159 | ||||||||||
— | Nicor, Inc. | 7 | ||||||||||
6 | NorthWestern Corp. | 133 | ||||||||||
1 | Piedmont Natural Gas | 34 | ||||||||||
4 | PNM Resources, Inc. | 45 | ||||||||||
7 | Portland General Electric Co. | 135 | ||||||||||
4 | South Jersey Industries, Inc. | 136 | ||||||||||
5 | Southwest Gas Corp. | 117 |
The accompanying notes are an integral part of these financial statements.
161
Table of Contents
Hartford SmallCap Value HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
4 | UniSource Energy Corp. | $ | 118 | |||||||||
2 | WGL Holdings, Inc. | 57 | ||||||||||
1,553 | ||||||||||||
Total common stocks (cost $71,710) | $ | 60,984 | ||||||||||
PREFERRED STOCKS — 0.3% | ||||||||||||
Banks — 0.3% | ||||||||||||
— | East West Bancorp, Inc. (X)(H) | $ | 176 | |||||||||
Total preferred stocks (cost $302) | $ | 176 | ||||||||||
Total long-term investments (cost $72,012) | $ | 61,160 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 4.5% | ||||||||||||
Investment Pools and Funds — 4.5% | ||||||||||||
$ | 954 | Federated Investors Prime Obligations Fund | $ | 954 | ||||||||
1,941 | State Street Bank Money Market Fund | 1,941 | ||||||||||
2,895 | ||||||||||||
Total short-term investments (cost $2,895) | $ | 2,895 | ||||||||||
Total investments (cost $74,907) (C) | 100.1 | % | $ | 64,055 | ||||||||
Other assets and liabilities | (0.1 | )% | (80 | ) | ||||||||
Total net assets | 100.0 | % | $ | 63,975 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 0.2% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $75,401 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 4,148 | ||
Unrealized Depreciation | (15,494 | ) | ||
Net Unrealized Depreciation | $ | (11,346 | ) | |
(D) | Currently non-income producing. | |
(X) | Convertible security. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
04/2008 | — | East West Bancorp, Inc., 8.00% | $ | 302 | ||||||
03/2006 – 05/2006 | 26 | Huttig Building Products, Inc. | 228 |
The aggregate value of these securities at June 30, 2009 was $200 which represents 0.31% of total net assets. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
Russell 2000 Mini | 15 | Long | Sep 2009 | $ | (11 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
Cash of $60 was pledged as initial margin deposit for open futures contracts at June 30, 2009. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 60,984 | $ | 60,984 | $ | — | $ | — | ||||||||
Preferred Stocks | 176 | — | 176 | — | ||||||||||||
Short-Term Investments | 2,895 | 2,895 | — | — | ||||||||||||
Total | $ | 64,055 | $ | 63,879 | $ | 176 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 11 | $ | 11 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
162
Table of Contents
Hartford Stock HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 99.5% | ||||||||||||
Automobiles & Components — 0.5% | ||||||||||||
1,768 | Ford Motor Co. (D) | $ | 10,729 | |||||||||
Banks — 3.7% | ||||||||||||
208 | PNC Financial Services Group, Inc. | 8,056 | ||||||||||
372 | Standard Chartered plc | 7,001 | ||||||||||
3,669 | Washington Mutual, Inc. Private Placement (H)(A) | 334 | ||||||||||
2,626 | Wells Fargo & Co. | 63,707 | ||||||||||
79,098 | ||||||||||||
Capital Goods — 7.6% | ||||||||||||
251 | Boeing Co. | 10,663 | ||||||||||
388 | Cummins, Inc. | 13,665 | ||||||||||
165 | Danaher Corp. | 10,187 | ||||||||||
337 | Deere & Co. | 13,471 | ||||||||||
2,311 | General Electric Co. | 27,082 | ||||||||||
656 | Honeywell International, Inc. | 20,605 | ||||||||||
578 | Illinois Tool Works, Inc. | 21,564 | ||||||||||
503 | Ingersoll-Rand Co. Class A | 10,517 | ||||||||||
209 | Lockheed Martin Corp. | 16,840 | ||||||||||
212 | Siemens AG ADR | 14,634 | ||||||||||
159,228 | ||||||||||||
Diversified Financials — 12.3% | ||||||||||||
868 | Ameriprise Financial, Inc. | 21,076 | ||||||||||
4,919 | Bank of America Corp. | 64,929 | ||||||||||
2,457 | Discover Financial Services, Inc. | 25,235 | ||||||||||
270 | Goldman Sachs Group, Inc. | 39,750 | ||||||||||
1,188 | Invesco Ltd. | 21,166 | ||||||||||
1,512 | JP Morgan Chase & Co. | 51,564 | ||||||||||
754 | UBS AG | 9,258 | ||||||||||
2,272 | UBS AG ADR | 27,736 | ||||||||||
260,714 | ||||||||||||
Energy — 14.0% | ||||||||||||
210 | BP plc ADR | 10,008 | ||||||||||
312 | Cameco Corp. | 7,990 | ||||||||||
105 | Chevron Corp. | 6,923 | ||||||||||
345 | EOG Resources, Inc. | 23,460 | ||||||||||
1,407 | Exxon Mobil Corp. | 98,384 | ||||||||||
485 | Hess Corp. | 26,058 | ||||||||||
387 | Marathon Oil Corp. | 11,651 | ||||||||||
747 | OAO Gazprom Class S ADR | 15,128 | ||||||||||
300 | Occidental Petroleum Corp. | 19,737 | ||||||||||
311 | Petro-Canada | 11,960 | ||||||||||
516 | Petroleo Brasileiro S.A. ADR | 21,142 | ||||||||||
567 | Schlumberger Ltd. | 30,653 | ||||||||||
503 | Suncor Energy, Inc. ADR | 15,252 | ||||||||||
298,346 | ||||||||||||
Food & Staples Retailing — 2.9% | ||||||||||||
602 | Kroger Co. | 13,281 | ||||||||||
775 | Safeway, Inc. | 15,785 | ||||||||||
172 | Supervalu, Inc. | 2,221 | ||||||||||
407 | Walgreen Co. | 11,969 | ||||||||||
372 | Wal-Mart Stores, Inc. | 18,010 | ||||||||||
61,266 | ||||||||||||
Food, Beverage & Tobacco — 5.7% | ||||||||||||
588 | General Mills, Inc. | 32,957 | ||||||||||
1,192 | PepsiCo, Inc. | 65,523 | ||||||||||
900 | Unilever N.V. NY Shares ADR | 21,769 | ||||||||||
120,249 | ||||||||||||
Health Care Equipment & Services — 3.0% | ||||||||||||
70 | Intuitive Surgical, Inc. (D) | 11,489 | ||||||||||
922 | Medtronic, Inc. | 32,176 | ||||||||||
309 | Varian Medical Systems, Inc. (D) | 10,851 | ||||||||||
225 | Zimmer Holdings, Inc. (D) | 9,585 | ||||||||||
64,101 | ||||||||||||
Household & Personal Products — 0.8% | ||||||||||||
352 | Procter & Gamble Co. | 17,982 | ||||||||||
Insurance — 1.0% | ||||||||||||
261 | ACE Ltd. | 11,564 | ||||||||||
491 | Marsh & McLennan Cos., Inc. | 9,878 | ||||||||||
21,442 | ||||||||||||
Materials — 1.4% | ||||||||||||
544 | Cliff’s Natural Resources, Inc. | 13,312 | ||||||||||
185 | Potash Corp. of Saskatchewan, Inc. | 17,224 | ||||||||||
30,536 | ||||||||||||
Media — 3.8% | ||||||||||||
3,171 | Comcast Corp. Class A | 45,954 | ||||||||||
504 | Time Warner, Inc. | 12,704 | ||||||||||
957 | Viacom, Inc. Class B (D) | 21,715 | ||||||||||
80,373 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.6% | ||||||||||||
612 | Abbott Laboratories | 28,765 | ||||||||||
834 | Daiichi Sankyo Co., Ltd. | 14,885 | ||||||||||
2,385 | Elan Corp. plc ADR (D) | 15,192 | ||||||||||
435 | Eli Lilly & Co. | 15,082 | ||||||||||
975 | Merck & Co., Inc. | 27,253 | ||||||||||
2,228 | Pfizer, Inc. | 33,424 | ||||||||||
829 | Schering-Plough Corp. | 20,832 | ||||||||||
1,124 | Shionogi & Co., Ltd. | 21,721 | ||||||||||
307 | UCB S.A. | 9,871 | ||||||||||
511 | Vertex Pharmaceuticals, Inc. (D) | 18,223 | ||||||||||
205,248 | ||||||||||||
Real Estate — 0.0% | ||||||||||||
2 | Simon Property Group, Inc. | 97 | ||||||||||
Retailing — 6.1% | ||||||||||||
297 | Best Buy Co., Inc. | 9,943 | ||||||||||
10,986 | Buck Holdings L.P. (H)(D)(A) | 13,051 | ||||||||||
584 | Kohl’s Corp. (D) | 24,953 | ||||||||||
1,352 | Lowe’s Co., Inc. | 26,242 | ||||||||||
513 | Nordstrom, Inc. | 10,208 | ||||||||||
1,327 | Staples, Inc. | 26,773 | ||||||||||
481 | Target Corp. | 18,969 | ||||||||||
130,139 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.2% | ||||||||||||
465 | Lam Research Corp. (D) | 12,077 | ||||||||||
1,931 | Maxim Integrated Products, Inc. | 30,289 | ||||||||||
1,220 | Texas Instruments, Inc. | 25,984 | ||||||||||
68,350 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
163
Table of Contents
Hartford Stock HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — 6.9% | ||||||||||||
597 | Accenture Ltd. Class A | $ | 19,966 | |||||||||
62 | Google, Inc. (D) | 26,056 | ||||||||||
2,772 | Microsoft Corp. | 65,898 | ||||||||||
470 | Oracle Corp. | 10,063 | ||||||||||
1,539 | Western Union Co. | 25,247 | ||||||||||
147,230 | ||||||||||||
Technology Hardware & Equipment — 10.4% | ||||||||||||
298 | Apple, Inc. (D) | 42,430 | ||||||||||
3,017 | Cisco Systems, Inc. (D) | 56,231 | ||||||||||
535 | Corning, Inc. | 8,589 | ||||||||||
2,384 | Flextronics International Ltd. (D) | 9,798 | ||||||||||
1,251 | Hewlett-Packard Co. | 48,351 | ||||||||||
688 | NetApp, Inc. (D) | 13,557 | ||||||||||
929 | Qualcomm, Inc. | 41,968 | ||||||||||
220,924 | ||||||||||||
Telecommunication Services — 1.2% | ||||||||||||
356 | AT&T, Inc. | 8,836 | ||||||||||
1,293 | MetroPCS Communications, Inc. (D) | 17,203 | ||||||||||
26,039 | ||||||||||||
Transportation — 3.0% | ||||||||||||
3,367 | Delta Air Lines, Inc. (D) | 19,492 | ||||||||||
316 | FedEx Corp. | 17,592 | ||||||||||
537 | United Parcel Service, Inc. Class B | 26,835 | ||||||||||
63,919 | ||||||||||||
Utilities — 2.4% | ||||||||||||
669 | Exelon Corp. | 34,280 | ||||||||||
259 | Northeast Utilities | 5,787 | ||||||||||
294 | PG&E Corp. | 11,294 | ||||||||||
51,361 | ||||||||||||
Total common stocks (cost $2,424,893) | $ | 2,117,371 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
459 | Washington Mutual, Inc. Private Placement (H)(D)(A) | $ | — | |||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $2,424,893) | $ | 2,117,371 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||||||
Repurchase Agreements — 0.3% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $367, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $374) | ||||||||||||
$ | 367 | 0.09%, 6/30/2009 | $ | 367 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,379, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,447) | ||||||||||||
3,379 | 0.05%, 6/30/2009 | 3,379 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $850, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $867) | ||||||||||||
850 | 0.09%, 6/30/2009 | 850 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,273, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,298) | ||||||||||||
1,273 | 0.08%, 6/30/2009 | 1,273 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
5,870 | ||||||||||||
Total short-term investments (cost $5,870) | $ | 5,870 | ||||||||||
Total investments (cost $2,430,763) (C) | 99.8 | % | $ | 2,123,241 | ||||||||
Other assets and liabilities | 0.2 | % | 5,095 | |||||||||
Total net assets | 100.0 | % | $ | 2,128,336 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 11.3% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $2,515,503 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 122,786 | ||
Unrealized Depreciation | (515,048 | ) | ||
Net Unrealized Depreciation | $ | (392,262 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $13,385, which represents 0.63% of total net assets. This calculation excludes securities that are principally traded in certain foreign |
The accompanying notes are an integral part of these financial statements.
164
Table of Contents
markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | ||
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 10,986 | Buck Holdings L.P. | $ | 10,997 | ||||||
04/2008 | 3,669 | Washington Mutual, Inc. Private Placement | 32,100 | |||||||
04/2008 | 459 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $13,385 which represents 0.63% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Sell) | $ | 69 | $ | 69 | 07/01/09 | $ | — | |||||||||
Japanese Yen (Sell) | 259 | 262 | 07/01/09 | 3 | ||||||||||||
$ | 3 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 2,117,371 | $ | 2,041,250 | $ | 62,736 | $ | 13,385 | ||||||||
Short-Term Investments | 5,870 | — | 5,870 | — | ||||||||||||
Total | $ | 2,123,241 | $ | 2,041,250 | $ | 68,606 | $ | 13,385 | ||||||||
Other Financial Instruments (Q) | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Transfers | ||||||||||||||||
Balance as of | Change in | In and/or | Balance as of | |||||||||||||
December 31, | Unrealized | Out of | June 30, | |||||||||||||
2008 | Appreciation | Level 3 | 2009 | |||||||||||||
Assets: | ||||||||||||||||
Common Stock | $ | 10,650 | $ | 2,734 | * | $ | 1 | $ | 13,385 | |||||||
Total | $ | 10,650 | $ | 2,734 | $ | 1 | $ | 13,385 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,734. |
The accompanying notes are an integral part of these financial statements.
165
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 10.2% | ||||||||||||
Finance — 10.2% | ||||||||||||
Banc of America Commercial Mortgage, Inc. | ||||||||||||
$ | 68,230 | 4.52%, 09/11/2036 (H)► | $ | 666 | ||||||||
Bayview Commercial Asset Trust | ||||||||||||
46,521 | 7.00%, 07/25/2037 (H)► | 3,498 | ||||||||||
75,892 | 7.50%, 09/25/2037 (H)► | 6,056 | ||||||||||
Bayview Financial Acquisition Trust | ||||||||||||
4,430 | 1.96%, 05/28/2037 (H)(L) | 164 | ||||||||||
Bear Stearns Commercial Mortgage Securities, Inc. | ||||||||||||
57,397 | 4.07%, 07/11/2042 (H)► | 1,179 | ||||||||||
48,541 | 4.12%, 11/11/2041 (H)► | 822 | ||||||||||
12,242 | 4.68%, 08/13/2039 | 11,281 | ||||||||||
14,400 | 4.83%, 11/11/2041 | 12,762 | ||||||||||
9,700 | 5.12%, 02/11/2041 (L) | 8,329 | ||||||||||
6,220 | 5.20%, 12/11/2038 | 5,167 | ||||||||||
9,520 | 5.41%, 12/11/2040 | 8,469 | ||||||||||
11,024 | 5.90%, 09/11/2038 (L) | 9,587 | ||||||||||
CBA Commercial Small Balance Commercial Mortgage Class X1 | ||||||||||||
67,521 | 7.00%, 06/25/2038 (H)►(A) | 4,832 | ||||||||||
CBA Commercial Small Balance Commercial Mortgage Class X2 | ||||||||||||
39,645 | 7.00%, 07/25/2035 (H)►(A) | 1,951 | ||||||||||
Chase Issuance Trust | ||||||||||||
6,920 | 5.12%, 10/15/2014 | 7,228 | ||||||||||
Citigroup Commercial Mortgage Trust | ||||||||||||
10,145 | 5.41%, 10/15/2049 | 9,025 | ||||||||||
8,249 | 5.43%, 10/15/2049 | 6,598 | ||||||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||||||
— | 0.00%, 01/25/2037 (H)(A) | — | ||||||||||
33,356 | 5.91%, 07/25/2037 (H)(L) | 20,593 | ||||||||||
11,375 | 6.30%, 12/10/2049 (L) | 10,050 | ||||||||||
1,387 | 12.00%, 01/25/2037 (H)(A) | 37 | ||||||||||
Commercial Mortgage Pass-Through Certificates | ||||||||||||
10,470 | 5.44%, 07/10/2037 (L) | 9,419 | ||||||||||
Countrywide Asset-Backed Certificates | ||||||||||||
1,549 | 5.46%, 07/25/2035 | 617 | ||||||||||
Countrywide Home Loans, Inc. | ||||||||||||
36,001 | 6.00%, 10/25/2037 (H) | 23,935 | ||||||||||
Credit-Based Asset Servicing and Securitization | ||||||||||||
2,991 | 0.58%, 05/25/2036 (I)(L) | 1,302 | ||||||||||
4,735 | 5.86%, 04/25/2037 | 1,919 | ||||||||||
CS First Boston Mortgage Securities Corp. | ||||||||||||
1,835 | 4.51%, 07/15/2037 | 1,795 | ||||||||||
4,670 | 5.23%, 12/15/2040 | 4,003 | ||||||||||
DB Master Finance LLC | ||||||||||||
12,470 | 5.78%, 06/20/2031 (I) | 11,265 | ||||||||||
First Horizon Mortgage Pass-Through Trust | ||||||||||||
44,878 | 5.83%, 05/25/2037 (H)(L) | 26,807 | ||||||||||
GE Business Loan Trust | ||||||||||||
8,361 | 1.32%, 05/15/2034 (I)(L) | 1,254 | ||||||||||
210,181 | 6.14%, 05/15/2034 (H)► | 729 | ||||||||||
GE Capital Commercial Mortgage Corp. | ||||||||||||
5,950 | 5.05%, 07/10/2045 (L) | 5,678 | ||||||||||
Goldman Sachs Mortgage Securities Corp. II | ||||||||||||
122,273 | 4.38%, 08/10/2038 (H)► | 701 | ||||||||||
5,284 | 4.75%, 07/10/2039 | 4,486 | ||||||||||
7,085 | 4.76%, 07/10/2039 (L) | 5,462 | ||||||||||
Green Tree Financial Corp. | ||||||||||||
1,082 | 7.24%, 06/15/2028 | 969 | ||||||||||
Greenwich Capital Commercial Funding Corp. | ||||||||||||
8,220 | 4.80%, 08/10/2042 | 6,996 | ||||||||||
6,140 | 6.11%, 07/10/2038 (L) | 5,037 | ||||||||||
JP Morgan Automotive Receivable Trust | ||||||||||||
1,675 | 12.85%, 03/15/2012 (H)(A) | 420 | ||||||||||
JP Morgan Chase Commercial Mortgage Securities Corp. | ||||||||||||
563,592 | 4.82%, 08/12/2037 ► | 1,213 | ||||||||||
4,225 | 5.04%, 03/15/2046 (L) | 3,681 | ||||||||||
8,740 | 5.34%, 05/15/2047 | 6,700 | ||||||||||
13,990 | 5.34%, 12/15/2044 (L) | 11,827 | ||||||||||
4,530 | 5.40%, 05/15/2045 | 3,589 | ||||||||||
421,229 | 5.42%, 05/12/2045 ► | 6,544 | ||||||||||
15,900 | 5.47%, 04/15/2043 (L) | 12,682 | ||||||||||
6,956 | 5.83%, 02/15/2051 | 6,170 | ||||||||||
LB-UBS Commercial Mortgage Trust | ||||||||||||
5,756 | 4.48%, 10/15/2029 | 5,258 | ||||||||||
Lehman Brothers Small Balance Commercial | ||||||||||||
4,890 | 5.52%, 09/25/2030 (I)(A) | 3,303 | ||||||||||
5,180 | 5.62%, 09/25/2036 (I) | 4,211 | ||||||||||
Marlin Leasing Receivables LLC | ||||||||||||
11,414 | 5.33%, 09/16/2013 (I) | 11,378 | ||||||||||
Merrill Lynch Mortgage Trust | ||||||||||||
46,102 | 3.96%, 10/12/2041 (H)► | 845 | ||||||||||
Morgan Stanley Capital I | ||||||||||||
9,840 | 4.70%, 07/15/2056 | 8,448 | ||||||||||
9,140 | 4.97%, 12/15/2041 | 8,556 | ||||||||||
9,630 | 5.01%, 01/14/2042 | 8,947 | ||||||||||
8,865 | 5.65%, 12/15/2044 | 7,342 | ||||||||||
Morgan Stanley Capital, Inc. | ||||||||||||
8,380 | 5.80%, 06/11/2042 (L) | 7,031 | ||||||||||
Morgan Stanley Dean Witter Capital I | ||||||||||||
17,473 | 0.01%, 08/25/2032 (H)►(A) | — | ||||||||||
Nationstar Home Equity Loan Trust | ||||||||||||
211 | 9.97%, 03/25/2037 (H)(L) | 4 | ||||||||||
North Street Referenced Linked Notes | ||||||||||||
3,900 | 2.09%, 04/28/2011 (H)(A)(L) | 526 | ||||||||||
Option One Mortgage Loan Trust Class M6 | ||||||||||||
3,875 | 6.99%, 03/25/2037 | 208 | ||||||||||
Option One Mortgage Loan Trust Class M7 | ||||||||||||
2,575 | 6.99%, 03/25/2037 | 107 | ||||||||||
Option One Mortgage Loan Trust Class M8 | ||||||||||||
2,525 | 6.99%, 03/25/2037 | 80 | ||||||||||
Popular ABS Mortgage Pass-Through Trust | ||||||||||||
3,695 | 4.75%, 12/25/2034 | 2,801 | ||||||||||
2,573 | 5.42%, 04/25/2035 (H) | 1,156 | ||||||||||
Renaissance Home Equity Loan Trust | ||||||||||||
3,566 | 5.36%, 05/25/2035 | 1,063 | ||||||||||
6,415 | 5.75%, 05/25/2036 (L) | 3,854 | ||||||||||
Renaissance Home Equity Loan Trust Class M5 | ||||||||||||
4,300 | 7.00%, 09/25/2037 | 424 | ||||||||||
Renaissance Home Equity Loan Trust Class M8 | ||||||||||||
5,375 | 7.00%, 09/25/2037 | 317 | ||||||||||
Residential Funding Mortgage Securities, Inc. | ||||||||||||
2,913 | 6.00%, 07/25/2037 | 2,067 | ||||||||||
Soundview NIM Trust | ||||||||||||
369 | 6.41%, 12/25/2036 (H)(D) | 2 | ||||||||||
Swift Master Automotive Receivables Trust | ||||||||||||
17,050 | 0.97%, 10/15/2012 (L) | 15,686 | ||||||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||||||
1,835 | 4.52%, 05/15/2044 | 1,740 | ||||||||||
9,640 | 5.31%, 11/15/2048 | 7,363 | ||||||||||
6,930 | 5.42%, 01/15/2045 | 6,635 | ||||||||||
8,740 | 5.43%, 07/15/2041 (L) | 7,819 |
The accompanying notes are an integral part of these financial statements.
166
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Wamu Commercial Mortgage Securities Trust | ||||||||||||
$ | 19,570 | 6.31%, 03/23/2045 (H)(L) | $ | 5,020 | ||||||||
Wells Fargo Alternative Loan Trust | ||||||||||||
12,485 | 6.25%, 11/25/2037 (H) | 6,802 | ||||||||||
422,487 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $529,752) | $ | 422,487 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 35.0% | ||||||||||||
Basic Materials — 1.8% | ||||||||||||
Alcan, Inc. | ||||||||||||
$ | 1,690 | 6.13%, 12/15/2033 | $ | 1,336 | ||||||||
1,735 | 7.25%, 03/15/2031 | 1,608 | ||||||||||
Anglo American Capital plc | ||||||||||||
21,448 | 9.38%, 04/08/2014 — 04/08/2019 (I) | 23,264 | ||||||||||
ArcelorMittal | ||||||||||||
10,795 | 9.00%, 02/15/2015 | 11,382 | ||||||||||
Barrick Gold Corp. | ||||||||||||
3,280 | 6.95%, 04/01/2019 | 3,674 | ||||||||||
Dow Chemical Co. | ||||||||||||
13,825 | 8.55%, 05/15/2019 | 13,850 | ||||||||||
Rio Tinto Finance USA Ltd. | ||||||||||||
9,010 | 5.88%, 07/15/2013 | 9,066 | ||||||||||
4,965 | 9.00%, 05/01/2019 | 5,519 | ||||||||||
Yara International ASA | ||||||||||||
6,770 | 7.88%, 06/11/2019 (I) | 7,055 | ||||||||||
76,754 | ||||||||||||
Capital Goods — 0.8% | ||||||||||||
Tyco Electronics Group S.A. | ||||||||||||
5,995 | 6.55%, 10/01/2017 | 5,443 | ||||||||||
Tyco International Ltd. | ||||||||||||
9,096 | 8.50%, 01/15/2019 | 10,086 | ||||||||||
United Technologies Corp. | ||||||||||||
12,025 | 6.13%, 02/01/2019 | 13,309 | ||||||||||
Xerox Corp. | ||||||||||||
3,126 | 8.25%, 05/15/2014 | 3,251 | ||||||||||
32,089 | ||||||||||||
Consumer Cyclical — 1.0% | ||||||||||||
CRH America, Inc. | ||||||||||||
3,590 | 5.30%, 10/15/2013 | 3,343 | ||||||||||
4,380 | 8.13%, 07/15/2018 | 4,217 | ||||||||||
Federated Retail Holdings, Inc. | ||||||||||||
7,200 | 5.90%, 12/01/2016 | 5,866 | ||||||||||
Kroger Co. | ||||||||||||
7,830 | 6.15%, 01/15/2020 | 8,000 | ||||||||||
Safeway, Inc. | ||||||||||||
5,972 | 5.80%, 08/15/2012 | 6,394 | ||||||||||
3,287 | 6.25%, 03/15/2014 | 3,527 | ||||||||||
Tesco plc | ||||||||||||
11,806 | 5.50%, 11/15/2017 (I) | 12,026 | ||||||||||
43,373 | ||||||||||||
Consumer Staples — 1.5% | ||||||||||||
Altria Group, Inc. | ||||||||||||
9,228 | 10.20%, 02/06/2039 | 10,904 | ||||||||||
Anheuser-Busch Cos., Inc. | ||||||||||||
5,296 | 8.20%, 01/15/2039 (I) | 5,898 | ||||||||||
Anheuser-Busch InBev N.V. | ||||||||||||
17,785 | 7.75%, 01/15/2019 (I) | 19,451 | ||||||||||
Diageo Capital plc | ||||||||||||
8,925 | 5.50%, 09/30/2016 | 9,190 | ||||||||||
General Mills, Inc. | ||||||||||||
3,578 | 5.65%, 02/15/2019 | 3,740 | ||||||||||
5,870 | 5.70%, 02/15/2017 | 6,179 | ||||||||||
Unilever Capital Corp. | ||||||||||||
8,900 | 4.80%, 02/15/2019 | 8,987 | ||||||||||
64,349 | ||||||||||||
Energy — 4.0% | ||||||||||||
Anadarko Petroleum Corp. | ||||||||||||
3,022 | 6.95%, 06/15/2019 | 3,050 | ||||||||||
Canadian Natural Resources Ltd. | ||||||||||||
1,689 | 6.25%, 03/15/2038 | 1,686 | ||||||||||
10,165 | 6.50%, 02/15/2037 | 10,147 | ||||||||||
Chevron Corp. | ||||||||||||
9,925 | 4.95%, 03/03/2019 | 10,256 | ||||||||||
ConocoPhillips | ||||||||||||
8,775 | 6.50%, 02/01/2039 | 9,340 | ||||||||||
Consumers Energy Co. | ||||||||||||
4,000 | 5.15%, 02/15/2017 | 3,933 | ||||||||||
5,190 | 5.38%, 04/15/2013 | 5,326 | ||||||||||
4,620 | 6.70%, 09/15/2019 | 5,029 | ||||||||||
EnCana Corp. | ||||||||||||
2,060 | 6.50%, 05/15/2019 | 2,208 | ||||||||||
Enterprise Products Operations LLC | ||||||||||||
8,848 | 6.50%, 01/31/2019 | 8,992 | ||||||||||
Husky Energy, Inc. | ||||||||||||
2,947 | 7.25%, 12/15/2019 | 3,220 | ||||||||||
Marathon Oil Corp. | ||||||||||||
2,640 | 6.50%, 02/15/2014 | 2,822 | ||||||||||
Nabors Industries, Inc. | ||||||||||||
7,183 | 9.25%, 01/15/2019 (I) | 8,282 | ||||||||||
Occidental Petroleum Corp. | ||||||||||||
9,155 | 4.13%, 06/01/2016 | 9,004 | ||||||||||
Petro-Canada | ||||||||||||
11,090 | 5.95%, 05/15/2035 | 9,994 | ||||||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. | ||||||||||||
478 | 3.44%, 09/15/2009 (I) | 476 | ||||||||||
16,410 | 5.30%, 09/30/2020 (I) | 15,007 | ||||||||||
Sempra Energy | ||||||||||||
5,218 | 6.50%, 06/01/2016 | 5,447 | ||||||||||
9,495 | 9.80%, 02/15/2019 | 11,501 | ||||||||||
Shell International Finance B.V. | ||||||||||||
9,560 | 6.38%, 12/15/2038 | 10,413 | ||||||||||
Statoilhydro ASA | ||||||||||||
18,656 | 5.25%, 04/15/2019 | 19,199 | ||||||||||
TNK-BP Finance S.A. | ||||||||||||
4,800 | 6.63%, 03/20/2017 § | 3,792 | ||||||||||
Valero Energy Corp. | ||||||||||||
7,156 | 9.38%, 03/15/2019 | 8,151 | ||||||||||
167,275 | ||||||||||||
Finance — 10.8% | ||||||||||||
ABX Financing Co. | ||||||||||||
5,348 | 6.35%, 10/15/2036 (I) | 5,338 | ||||||||||
American Express Co. | ||||||||||||
8,385 | 5.50%, 04/16/2013 | 8,229 | ||||||||||
8,587 | 5.55%, 10/17/2012 | 8,605 | ||||||||||
American Real Estate Partners L.P. | ||||||||||||
2,960 | 7.13%, 02/15/2013 | 2,671 | ||||||||||
Americo Life, Inc. | ||||||||||||
75 | 7.88%, 05/01/2013 (H) | 49 |
The accompanying notes are an integral part of these financial statements.
167
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Amvescap plc | ||||||||||||
$ | 12,170 | 4.50%, 12/15/2009 | $ | 12,221 | ||||||||
3,544 | 5.38%, 02/27/2013 | 3,099 | ||||||||||
Army Hawaii Family Housing Trust Certificates | ||||||||||||
5,370 | 5.52%, 06/15/2050 (I) | 3,667 | ||||||||||
BAE Systems Holdings, Inc. | ||||||||||||
10,204 | 5.20%, 08/15/2015 (I) | 10,142 | ||||||||||
4,652 | 6.38%, 06/01/2019 (I) | 4,756 | ||||||||||
Bank of America Corp. | ||||||||||||
6,300 | 5.65%, 05/01/2018 | 5,567 | ||||||||||
6,560 | 7.38%, 05/15/2014 | 6,776 | ||||||||||
Bank of New York Institutional Capital Trust | ||||||||||||
200 | 7.78%, 12/01/2026 (I) | 173 | ||||||||||
Barclays Bank plc | ||||||||||||
15,207 | 6.75%, 05/22/2019 | 15,082 | ||||||||||
Capital One Bank | ||||||||||||
8,505 | 8.80%, 07/15/2019 | 8,689 | ||||||||||
Centura Capital Trust I | ||||||||||||
250 | 8.85%, 06/01/2027 (H) | 195 | ||||||||||
Citigroup, Inc. | ||||||||||||
10,185 | 2.13%, 04/30/2012 | 10,230 | ||||||||||
11,515 | 8.30%, 12/21/2057 (L) | 8,980 | ||||||||||
14,444 | 8.50%, 05/22/2019 | 14,693 | ||||||||||
Comerica Capital Trust II | ||||||||||||
5,858 | 6.58%, 02/20/2037 (L) | 3,456 | ||||||||||
Corpoacion Andina De Fomento | ||||||||||||
880 | 5.75%, 01/12/2017 | 848 | ||||||||||
530 | 8.13%, 06/04/2019 | 561 | ||||||||||
COX Communications, Inc. | ||||||||||||
4,510 | 6.25%, 06/01/2018 (I) | 4,458 | ||||||||||
5,485 | 8.38%, 03/01/2039 (I) | 6,116 | ||||||||||
Credit Agricole S.A. | ||||||||||||
18,461 | 6.64%, 05/31/2017 (I) ª (L) | 10,846 | ||||||||||
Duke Capital LLC | ||||||||||||
8,489 | 6.25%, 02/15/2013 | 8,692 | ||||||||||
ERAC USA Finance Co. | ||||||||||||
7,300 | 5.60%, 05/01/2015 (I) | 6,644 | ||||||||||
General Electric Capital Corp. | ||||||||||||
7,090 | 5.63%, 05/01/2018 | 6,705 | ||||||||||
9,175 | 6.37%, 11/15/2067 (L) | 6,122 | ||||||||||
Goldman Sachs Capital Trust II | ||||||||||||
16,356 | 5.79%, 06/01/2012 ª (L) | 9,968 | ||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
4,751 | 6.00%, 05/01/2014 | 4,958 | ||||||||||
International Lease Finance Corp. | ||||||||||||
5,385 | 6.38%, 03/25/2013 | 4,097 | ||||||||||
JP Morgan Chase & Co. | ||||||||||||
11,945 | 6.30%, 04/23/2019 | 12,015 | ||||||||||
11,378 | 7.90%, 04/30/2018 ª | 9,957 | ||||||||||
JP Morgan Chase Capital II | ||||||||||||
3,880 | 1.53%, 02/01/2027 (L) | 2,173 | ||||||||||
Lincoln National Corp. | ||||||||||||
7,271 | 6.05%, 04/20/2067 | 4,617 | ||||||||||
Massachusetts Mutual Life Insurance Co. | ||||||||||||
5,950 | 8.88%, 06/01/2039 (I) | 6,318 | ||||||||||
MBNA America Bank N.A. | ||||||||||||
14,400 | 7.13%, 11/15/2012 (I) | 15,172 | ||||||||||
Mellon Capital IV | ||||||||||||
13,374 | 6.24%, 06/20/2012 ª (L) | 8,960 | ||||||||||
Met Life Global Funding I | ||||||||||||
3,400 | 5.13%, 06/10/2014 (I) | 3,374 | ||||||||||
Metropolitan Life Global Funding I | ||||||||||||
6,515 | 0.88%, 03/15/2012 (I)(L) | 6,173 | ||||||||||
Morgan Stanley | ||||||||||||
10,070 | 6.00%, 05/13/2014 | 10,195 | ||||||||||
10,795 | 7.30%, 05/13/2019 | 11,194 | ||||||||||
National City Bank of Ohio | ||||||||||||
1,100 | 4.50%, 03/15/2010 | 1,116 | ||||||||||
National City Corp. | ||||||||||||
12,341 | 12.00%, 12/10/2012 ª | 12,908 | ||||||||||
Northgroup Preferred Capital Corp. | ||||||||||||
11,208 | 6.38%, 10/15/2017 (H) ª (L) | 8,408 | ||||||||||
PNC Preferred Funding Trust II | ||||||||||||
27,800 | 6.11%, 03/15/2012 (I) ª (L) | 14,443 | ||||||||||
Pricoa Global Funding I | ||||||||||||
4,940 | 1.14%, 01/30/2012 (I)(L) | 4,635 | ||||||||||
Progressive Corp. | ||||||||||||
4,256 | 6.70%, 06/15/2037 (L) | 3,001 | ||||||||||
Prudential Financial, Inc. | ||||||||||||
11,837 | 5.15%, 01/15/2013 | 11,487 | ||||||||||
4,000 | 7.38%, 06/15/2019 | 3,927 | ||||||||||
5,873 | 8.88%, 06/15/2038 (L) | 4,875 | ||||||||||
Prudential Holdings LLC | ||||||||||||
200 | 7.25%, 12/18/2023 (I) | 183 | ||||||||||
Rabobank Netherlands | ||||||||||||
3,993 | 11.00%, 12/31/2049 (I) | 4,442 | ||||||||||
State Street Capital Trust III | ||||||||||||
7,434 | 8.25%, 03/15/2042 (L) | 6,280 | ||||||||||
Svenska Handelsbanken Ab | ||||||||||||
17,000 | 4.88%, 06/10/2014 (I) | 16,829 | ||||||||||
Unicredito Italiano Capital Trust | ||||||||||||
4,655 | 9.20%, 10/05/2010 (I) ª | 2,998 | ||||||||||
Unicredito Luxembourg Finance S.A. | ||||||||||||
11,690 | 6.00%, 10/31/2017 (I) | 10,470 | ||||||||||
UnitedHealth Group, Inc. | ||||||||||||
9,689 | 4.88%, 02/15/2013 | 9,794 | ||||||||||
1,820 | 6.88%, 02/15/2038 | 1,685 | ||||||||||
US Bank Realty Corp. | ||||||||||||
13,200 | 6.09%, 01/15/2012 (I) ª (L) | 7,656 | ||||||||||
USB Capital IX | ||||||||||||
4,392 | 6.19%, 04/15/2011 ª (L) | 2,965 | ||||||||||
Wells Fargo Bank NA | ||||||||||||
10,295 | 1.06%, 05/16/2016 (L) | 7,784 | ||||||||||
Wells Fargo Capital XIII | ||||||||||||
5,170 | 7.70%, 03/26/2013 ª (L) | 4,291 | ||||||||||
Westfield Group | ||||||||||||
5,166 | 5.70%, 10/01/2016 (I) | 4,473 | ||||||||||
ZFS Finance USA Trust I | ||||||||||||
12,670 | 6.50%, 05/09/2037 (I)(L) | 9,122 | ||||||||||
446,553 | ||||||||||||
Foreign Governments — 1.8% | ||||||||||||
Banco Nacional De Desenvolvimento | ||||||||||||
3,430 | 6.50%, 06/10/2019 (I) | 3,437 | ||||||||||
Brazil (Republic of) | ||||||||||||
1,200 | 5.88%, 01/15/2019 | 1,211 | ||||||||||
4,982 | 8.00%, 01/15/2018 | 5,580 | ||||||||||
Colombia (Republic of) | ||||||||||||
3,800 | 7.38%, 03/18/2019 | 4,056 | ||||||||||
El Salvador (Republic of) | ||||||||||||
2,465 | 7.65%, 06/15/2035 § | 2,071 | ||||||||||
Hungary (Republic of) | ||||||||||||
810 | 4.75%, 02/03/2015 | 713 | ||||||||||
Japanese Government | ||||||||||||
JPY | 3,964,650 | 0.40%, 03/15/2011 | 41,250 | |||||||||
Japanese Government CPI Linked Bond | ||||||||||||
JPY | 456,972 | 1.20%, 06/10/2017 | 4,152 |
The accompanying notes are an integral part of these financial statements.
168
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Foreign Governments — (continued) | ||||||||||||
Peru (Republic of) | ||||||||||||
$ | 2,860 | 6.55%, 03/14/2037 | $ | 2,774 | ||||||||
Russian Federation Government | ||||||||||||
4,236 | 7.50%, 03/31/2030 § | 4,170 | ||||||||||
South Africa (Republic of) | ||||||||||||
1,700 | 5.88%, 05/30/2022 | 1,572 | ||||||||||
1,300 | 6.88%, 05/27/2019 | 1,336 | ||||||||||
United Mexican States | ||||||||||||
4,104 | 5.95%, 03/19/2019 | 4,145 | ||||||||||
76,467 | ||||||||||||
Health Care — 3.2% | ||||||||||||
Abbott Laboratories | ||||||||||||
9,160 | 5.13%, 04/01/2019 | 9,431 | ||||||||||
Amgen, Inc. | ||||||||||||
4,352 | 6.40%, 02/01/2039 | 4,629 | ||||||||||
Becton Dickinson & Co. | ||||||||||||
5,445 | 5.00%, 05/15/2019 | 5,564 | ||||||||||
CVS Caremark Corp. | ||||||||||||
13,626 | 6.30%, 06/01/2037 (L) | 10,083 | ||||||||||
CVS Corp. | ||||||||||||
9,595 | 8.35%, 07/10/2031 (I) | 9,643 | ||||||||||
Eli Lilly & Co. | ||||||||||||
8,254 | 4.20%, 03/06/2014 | 8,498 | ||||||||||
3,872 | 5.95%, 11/15/2037 | 4,061 | ||||||||||
Express Scripts, Inc. | ||||||||||||
3,635 | 6.25%, 06/15/2014 | 3,846 | ||||||||||
2,870 | 7.25%, 06/15/2019 | 3,165 | ||||||||||
Glaxosmithkline Capital, Inc. | ||||||||||||
10,185 | 4.85%, 05/15/2013 | 10,654 | ||||||||||
Merck & Co., Inc. | ||||||||||||
7,910 | 5.85%, 06/30/2039 | 8,126 | ||||||||||
Novartis Securities Investment Ltd. | ||||||||||||
14,340 | 5.13%, 02/10/2019 | 14,671 | ||||||||||
Pfizer, Inc. | ||||||||||||
9,695 | 6.20%, 03/15/2019 | 10,603 | ||||||||||
10,090 | 7.20%, 03/15/2039 | 11,981 | ||||||||||
Roche Holdings, Inc. | ||||||||||||
9,745 | 5.00%, 03/01/2014 (I) | 10,192 | ||||||||||
2,836 | 6.00%, 03/01/2019 (I) | 3,024 | ||||||||||
4,679 | 7.00%, 03/01/2039 (I) | 5,425 | ||||||||||
133,596 | ||||||||||||
Services — 1.1% | ||||||||||||
Allied Waste North America, Inc. | ||||||||||||
11,828 | 7.25%, 03/15/2015 | 12,005 | ||||||||||
Comcast Corp. | ||||||||||||
161 | 6.30%, 11/15/2017 | 170 | ||||||||||
100 | 10.63%, 07/15/2012 | 117 | ||||||||||
President & Fellows of Harvard | ||||||||||||
6,144 | 6.00%, 01/15/2019 (I) | 6,702 | ||||||||||
Time Warner Entertainment Co., L.P. | ||||||||||||
14,510 | 8.38%, 07/15/2033 | 16,242 | ||||||||||
Waste Management, Inc. | ||||||||||||
10,048 | 6.10%, 03/15/2018 | 9,901 | ||||||||||
45,137 | ||||||||||||
Technology — 4.8% | ||||||||||||
AT&T, Inc. | ||||||||||||
9,395 | 5.50%, 02/01/2018 | 9,381 | ||||||||||
9,945 | 6.55%, 02/15/2039 | 9,928 | ||||||||||
Cingular Wireless Services, Inc. | ||||||||||||
12,600 | 8.75%, 03/01/2031 # | 15,357 | ||||||||||
Cisco Systems, Inc. | ||||||||||||
18,465 | 5.90%, 02/15/2039 | 18,184 | ||||||||||
GTE Corp. | ||||||||||||
165 | 8.75%, 11/01/2021 | 188 | ||||||||||
Nokia Corp. | ||||||||||||
3,654 | 5.38%, 05/15/2019 | 3,697 | ||||||||||
3,345 | 6.63%, 05/15/2039 | 3,532 | ||||||||||
Oracle Corp. | ||||||||||||
4,806 | 6.50%, 04/15/2038 | 5,119 | ||||||||||
Qwest Corp. | ||||||||||||
8,290 | 7.25%, 10/15/2035 | 6,010 | ||||||||||
Rogers Cable, Inc. | ||||||||||||
2,675 | 8.75%, 05/01/2032 | 3,231 | ||||||||||
Rogers Wireless, Inc. | ||||||||||||
4,277 | 6.38%, 03/01/2014 | 4,585 | ||||||||||
TCI Communications, Inc. | ||||||||||||
4,025 | 8.75%, 08/01/2015 | 4,587 | ||||||||||
Telecom Italia Capital | ||||||||||||
10,000 | 7.18%, 06/18/2019 | 10,137 | ||||||||||
8,478 | 7.72%, 06/04/2038 | 8,633 | ||||||||||
Tele-Communications, Inc. | ||||||||||||
7,975 | 7.88%, 08/01/2013 | 9,074 | ||||||||||
Telefonica Emisiones SAU | ||||||||||||
9,485 | 4.95%, 01/15/2015 (E) | 9,641 | ||||||||||
Time Warner Cable, Inc. | ||||||||||||
6,061 | 8.25%, 04/01/2019 | 6,877 | ||||||||||
Verizon Communications, Inc. | ||||||||||||
7,400 | 6.90%, 04/15/2038 | 7,720 | ||||||||||
Verizon Maryland, Inc. | ||||||||||||
1,500 | 8.30%, 08/01/2031 | 1,626 | ||||||||||
Verizon Virginia, Inc. | ||||||||||||
13,805 | 4.63%, 03/15/2013 | 13,835 | ||||||||||
Verizon Wireless | ||||||||||||
17,962 | 5.55%, 02/01/2014 (I) | 19,069 | ||||||||||
7,500 | 8.50%, 11/15/2018 (I) | 8,963 | ||||||||||
Vodafone Group plc | ||||||||||||
9,545 | 5.45%, 06/10/2019 | 9,386 | ||||||||||
10,479 | 6.15%, 02/27/2037 | 10,310 | ||||||||||
199,070 | ||||||||||||
Transportation — 0.6% | ||||||||||||
Canadian Pacific Railway Co. | ||||||||||||
7,075 | 5.95%, 05/15/2037 | 5,791 | ||||||||||
3,730 | 7.25%, 05/15/2019 | 3,870 | ||||||||||
Continental Airlines, Inc. | ||||||||||||
4,178 | 6.70%, 06/15/2021 | 3,509 | ||||||||||
4,138 | 8.05%, 11/01/2020 | 3,476 | ||||||||||
General Dynamics Corp. | ||||||||||||
8,149 | 5.25%, 02/01/2014 | 8,707 | ||||||||||
25,353 | ||||||||||||
Utilities — 3.6% | ||||||||||||
Alabama Power Co. | ||||||||||||
6,384 | 6.00%, 03/01/2039 | 6,738 | ||||||||||
CenterPoint Energy Resources Corp. | ||||||||||||
10,950 | 6.13%, 11/01/2017 | 10,143 | ||||||||||
2,763 | 6.63%, 11/01/2037 | 2,208 | ||||||||||
CenterPoint Energy, Inc. | ||||||||||||
7,475 | 6.85%, 06/01/2015 | 6,986 | ||||||||||
Commonwealth Edison Co. | ||||||||||||
5,836 | 5.80%, 03/15/2018 | 5,927 | ||||||||||
Detroit Edison Co. | ||||||||||||
3,875 | 6.13%, 10/01/2010 | 4,015 | ||||||||||
DTE Energy Co. | ||||||||||||
3,383 | 7.63%, 05/15/2014 | 3,531 |
The accompanying notes are an integral part of these financial statements.
169
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
Duke Energy Corp. | ||||||||||||
$ | 4,726 | 5.25%, 01/15/2018 | $ | 4,933 | ||||||||
3,709 | 6.35%, 08/15/2038 | 4,070 | ||||||||||
3,960 | 7.00%, 11/15/2018 | 4,616 | ||||||||||
Electricite de France | ||||||||||||
10,335 | 6.95%, 01/26/2039 (I) | 11,603 | ||||||||||
Enbridge Energy Partners | ||||||||||||
6,654 | 6.50%, 04/15/2018 | 6,557 | ||||||||||
Florida Power Corp. | ||||||||||||
3,211 | 5.80%, 09/15/2017 | 3,467 | ||||||||||
Kinder Morgan Energy Partners L.P. | ||||||||||||
4,720 | 6.50%, 02/01/2037 | 4,310 | ||||||||||
Northeast Utilities | ||||||||||||
4,375 | 5.65%, 06/01/2013 | 4,396 | ||||||||||
Northern States Power Co. | ||||||||||||
5,735 | 6.25%, 06/01/2036 | 6,281 | ||||||||||
Pacific Gas & Electric Co. | ||||||||||||
5,711 | 5.63%, 11/30/2017 | 6,045 | ||||||||||
Pacific Gas & Electric Energy Recovery Funding LLC | ||||||||||||
6,208 | 8.25%, 10/15/2018 | 7,576 | ||||||||||
PSEG Power | ||||||||||||
4,534 | 5.00%, 04/01/2014 | 4,570 | ||||||||||
Public Service Co. of Colorado | ||||||||||||
8,577 | 6.50%, 08/01/2038 | 9,728 | ||||||||||
Southern California Edison Co. | ||||||||||||
13,602 | 5.75%, 03/15/2014 | 14,757 | ||||||||||
TransCanada Pipelines Ltd. | ||||||||||||
7,691 | 7.25%, 08/15/2038 | 8,746 | ||||||||||
Virginia Electric & Power Co. | ||||||||||||
6,327 | 5.10%, 11/30/2012 | 6,686 | ||||||||||
147,889 | ||||||||||||
Total corporate bonds: investment grade (cost $1,477,137) | $ | 1,457,905 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 7.3% | ||||||||||||
Basic Materials — 0.7% | ||||||||||||
Ashland, Inc. | ||||||||||||
$ | 3,160 | 9.13%, 06/01/2017 (I) | $ | 3,287 | ||||||||
Georgia-Pacific LLC | ||||||||||||
5,880 | 8.25%, 05/01/2016 (I) | 5,704 | ||||||||||
1,030 | 9.50%, 12/01/2011 | 1,061 | ||||||||||
Peabody Energy Corp. | ||||||||||||
2,100 | 7.38%, 11/01/2016 | 1,985 | ||||||||||
Potlatch Corp. | ||||||||||||
12,100 | 12.50%, 12/01/2009 (H)(L) | 12,422 | ||||||||||
Teck Resources Ltd. | ||||||||||||
2,645 | 10.75%, 05/15/2019 (I) | 2,843 | ||||||||||
27,302 | ||||||||||||
Capital Goods — 0.1% | ||||||||||||
L-3 Communications Corp. | ||||||||||||
6,308 | 5.88%, 01/15/2015 | 5,598 | ||||||||||
Consumer Cyclical — 0.4% | ||||||||||||
Desarrolladora Homes S.A. | ||||||||||||
1,182 | 7.50%, 09/28/2015 | 1,017 | ||||||||||
Parkson Retail Group Ltd. | ||||||||||||
3,400 | 7.88%, 11/14/2011 | 3,332 | ||||||||||
Pulte Homes, Inc. | ||||||||||||
2,860 | 7.88%, 08/01/2011 | 2,867 | ||||||||||
Supervalu, Inc. | ||||||||||||
7,895 | 7.50%, 11/15/2014 | 7,579 | ||||||||||
2,615 | 8.00%, 05/01/2016 | 2,537 | ||||||||||
17,332 | ||||||||||||
Consumer Staples — 0.2% | ||||||||||||
Constellation Brands, Inc. | ||||||||||||
3,020 | 8.38%, 12/15/2014 | 3,028 | ||||||||||
Tyson Foods, Inc. | ||||||||||||
3,955 | 10.50%, 03/01/2014 (I) | 4,291 | ||||||||||
7,319 | ||||||||||||
Energy — 0.3% | ||||||||||||
Chesapeake Energy Corp. | ||||||||||||
5,769 | 7.00%, 08/15/2014 | 5,336 | ||||||||||
Newfield Exploration Co. | ||||||||||||
2,270 | 7.13%, 05/15/2018 | 2,063 | ||||||||||
Petrohawk Energy Corp. | ||||||||||||
2,010 | 9.13%, 07/15/2013 | 2,000 | ||||||||||
Plains Exploration & Production Co. | ||||||||||||
2,060 | 7.75%, 06/15/2015 | 1,926 | ||||||||||
11,325 | ||||||||||||
Finance — 0.5% | ||||||||||||
Drummond Co., Inc. | ||||||||||||
2,865 | 7.38%, 02/15/2016 (I) | 2,091 | ||||||||||
Ford Motor Credit Co. | ||||||||||||
8,445 | 9.75%, 09/15/2010 | 8,089 | ||||||||||
LPL Holdings, Inc. | ||||||||||||
9,971 | 10.75%, 12/15/2015 (I) | 8,775 | ||||||||||
Suntrust Preferred Capital | ||||||||||||
1,266 | 5.85%, 12/15/2011 ª | 861 | ||||||||||
19,816 | ||||||||||||
Foreign Governments — 0.5% | ||||||||||||
Argentina (Republic of) | ||||||||||||
6,296 | 7.00%, 10/03/2015 | 3,033 | ||||||||||
Indonesia (Republic of) | ||||||||||||
5,525 | 6.88%, 01/17/2018 § | 5,262 | ||||||||||
Panama (Republic of) | ||||||||||||
3,200 | 7.13%, 01/29/2026 | 3,312 | ||||||||||
Philippines (Republic of) | ||||||||||||
4,233 | 8.38%, 06/17/2019 | 4,868 | ||||||||||
Turkey (Republic of) | ||||||||||||
3,443 | 7.25%, 03/15/2015 | 3,581 | ||||||||||
Venezuela (Republic of) | ||||||||||||
3,492 | 5.75%, 02/26/2016 | 1,999 | ||||||||||
22,055 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Biomet, Inc. | ||||||||||||
2,130 | 10.38%, 10/15/2017 | 2,061 | ||||||||||
HCA, Inc. | ||||||||||||
5,045 | 8.50%, 04/15/2019 (I) | 4,944 | ||||||||||
8,635 | 9.25%, 11/15/2016 | 8,506 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
2,640 | 8.75%, 06/15/2014 | 2,587 | ||||||||||
Inverness Medical Innovation, Inc. | ||||||||||||
5,465 | 9.00%, 05/15/2016 | 5,287 | ||||||||||
Psychiatric Solutions, Inc. | ||||||||||||
4,090 | 7.75%, 07/15/2015 | 3,742 | ||||||||||
27,127 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
170 ��
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued) | ||||||||||||
Services — 0.8% | ||||||||||||
Affinion Group, Inc. | ||||||||||||
$ | 11,260 | 11.50%, 10/15/2015 | $ | 9,627 | ||||||||
Ameristar Casinos, Inc. | ||||||||||||
3,230 | 9.25%, 06/01/2014 (I) | 3,295 | ||||||||||
DirecTV Holdings LLC | ||||||||||||
6,015 | 7.63%, 05/15/2016 | 5,850 | ||||||||||
Echostar DBS Corp. | ||||||||||||
4,200 | 7.75%, 05/31/2015 | 4,001 | ||||||||||
Mashantucket Western Pequot Revenue Bond | ||||||||||||
4,709 | 5.91%, 09/01/2021 (H) | 2,640 | ||||||||||
MGM Mirage, Inc. | ||||||||||||
1,965 | 10.38%, 05/15/2014 (I) | 2,039 | ||||||||||
4,475 | 11.13%, 11/15/2017 (I) | 4,743 | ||||||||||
TL Acquisitions, Inc. | ||||||||||||
3,790 | 10.50%, 01/15/2015 (I) | 3,070 | ||||||||||
Videotron Ltee | ||||||||||||
2,240 | 9.13%, 04/15/2018 | 2,276 | ||||||||||
37,541 | ||||||||||||
Technology — 2.3% | ||||||||||||
Charter Communications Operating LLC | ||||||||||||
5,090 | 10.00%, 04/30/2012 (I) Ψ | 4,899 | ||||||||||
Cricket Communications, Inc. | ||||||||||||
2,250 | 7.75%, 05/15/2016 (I) | 2,166 | ||||||||||
3,790 | 9.38%, 11/01/2014 | 3,733 | ||||||||||
CSC Holdings, Inc. | ||||||||||||
7,940 | 7.63%, 04/01/2011 | 7,860 | ||||||||||
3,930 | 8.50%, 04/15/2014 (I) | 3,896 | ||||||||||
DaVita, Inc. | ||||||||||||
5,875 | 6.63%, 03/15/2013 | 5,537 | ||||||||||
Frontier Communications Corp. | ||||||||||||
6,035 | 6.25%, 01/15/2013 | 5,552 | ||||||||||
4,145 | 8.25%, 05/01/2014 | 3,917 | ||||||||||
Intelsat Bermuda Ltd. | ||||||||||||
8,670 | 9.25%, 06/15/2016 (H) | 7,673 | ||||||||||
Intelsat Corp. | ||||||||||||
8,300 | 9.25%, 06/15/2016 (I) | 7,947 | ||||||||||
Level 3 Financing, Inc. | ||||||||||||
4,965 | 12.25%, 03/15/2013 | 4,717 | ||||||||||
Mediacom LLC | ||||||||||||
4,325 | 7.88%, 02/15/2011 | 4,217 | ||||||||||
MetroPCS Wireless, Inc. | ||||||||||||
5,720 | 9.25%, 11/01/2014 | 5,685 | ||||||||||
Qwest Capital Funding, Inc. | ||||||||||||
6,000 | 7.25%, 02/15/2011 | 5,820 | ||||||||||
Seagate Technology International | ||||||||||||
6,305 | 10.00%, 05/01/2014 (I) | 6,502 | ||||||||||
Sprint Capital Corp. | ||||||||||||
10,600 | 8.75%, 03/15/2032 | 8,533 | ||||||||||
Windstream Corp. | ||||||||||||
7,850 | 8.63%, 08/01/2016 | 7,516 | ||||||||||
96,170 | ||||||||||||
Transportation — 0.0% | ||||||||||||
Grupo Senda Autotransporte | ||||||||||||
2,310 | 10.50%, 10/03/2015 (H) | 1,039 | ||||||||||
Utilities — 0.8% | ||||||||||||
AES Corp. | ||||||||||||
4,400 | 8.00%, 10/15/2017 | 4,092 | ||||||||||
AES El Salvador Trust | ||||||||||||
2,300 | 6.75%, 02/01/2016 § | 1,643 | ||||||||||
El Paso Corp. | ||||||||||||
4,070 | 7.00%, 06/15/2017 | 3,707 | ||||||||||
Energy Future Holdings | ||||||||||||
6,130 | 10.88%, 11/01/2017 | 4,475 | ||||||||||
Mirant North America LLC | ||||||||||||
5,955 | 7.38%, 12/31/2013 | 5,717 | ||||||||||
NRG Energy, Inc. | ||||||||||||
5,155 | 7.25%, 02/01/2014 | 5,000 | ||||||||||
3,085 | 7.38%, 01/15/2017 | 2,907 | ||||||||||
RRI Energy, Inc. | ||||||||||||
4,686 | 6.75%, 12/15/2014 | 4,516 | ||||||||||
32,057 | ||||||||||||
Total corporate bonds: non-investment grade (cost $308,382) | $ | 304,681 | ||||||||||
MUNICIPAL BONDS — 0.2% | ||||||||||||
General Obligations — 0.2% | ||||||||||||
Oregon School Boards Association, Taxable Pension, | ||||||||||||
$ | 7,325 | 4.76%, 06/30/2028 | $ | 6,372 | ||||||||
Tax Allocation — 0.0% | ||||||||||||
California Urban IDA, | ||||||||||||
275 | 6.10%, 05/01/2024 | 239 | ||||||||||
Total municipal bonds (cost $7,605) | $ | 6,611 | ||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — 3.6% | ||||||||||||
Basic Materials — 0.7% | ||||||||||||
Ashland, Inc. | ||||||||||||
$ | 2,349 | 6.65%, 05/13/2014 (N) | $ | 2,367 | ||||||||
Cenveo, Inc., Delayed Draw Term Loan | ||||||||||||
73 | 5.11%, 06/21/2013 (N) | 67 | ||||||||||
Cenveo, Inc., Term Loan C | ||||||||||||
3,315 | 5.11%, 06/21/2013 (N) | 3,070 | ||||||||||
Georgia-Pacific Corp. | ||||||||||||
8,561 | 2.56%, 12/20/2012 (N) | 8,056 | ||||||||||
Graham Packaging Co., Inc. | ||||||||||||
379 | 2.53%, 12/31/2011 (N)(Q) | 358 | ||||||||||
3,788 | 6.75%, 04/15/2014 (N)(Q) | 3,741 | ||||||||||
Hexion Specialty Chemicals | ||||||||||||
1,696 | 3.31%, 05/05/2013 (N) | 1,136 | ||||||||||
Huntsman International LLC | ||||||||||||
6,294 | 2.06%, 04/19/2014 (N) | 5,661 | ||||||||||
Jarden Corp. | ||||||||||||
3,222 | 3.10%, 01/24/2012 (N) | 3,101 | ||||||||||
John Maneely Co. | ||||||||||||
1,364 | 4.05%, 12/08/2013 (N) | 1,075 | ||||||||||
28,632 | ||||||||||||
Capital Goods — 0.0% | ||||||||||||
Yankee Candle Co. | ||||||||||||
1,390 | 2.31%, 02/06/2014 (N) | 1,239 | ||||||||||
Consumer Cyclical — 0.4% | ||||||||||||
AM General LLC | ||||||||||||
2,548 | 3.31%, 09/30/2013 (N) | 2,345 | ||||||||||
American General Finance Corp. | ||||||||||||
115 | 0.31%, 09/30/2012 (N) | 106 | ||||||||||
Aramark Corp. | ||||||||||||
126 | 2.03%, 01/26/2014 (N) | 116 | ||||||||||
2,091 | 2.47%, 01/26/2014 (N) | 1,927 | ||||||||||
Dollarama Group L.P. | ||||||||||||
966 | 2.79%, 11/18/2011 (N) | 932 | ||||||||||
Lear Corp. | ||||||||||||
2,973 | 3.09%, 04/25/2012 (N) | 2,031 |
The accompanying notes are an integral part of these financial statements.
171
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — (continued) | ||||||||||||
Consumer Cyclical — (continued) | ||||||||||||
Roundy’s Supermarkets, Inc. | ||||||||||||
$ | 3,081 | 3.07%, 11/03/2011 (N) | $ | 2,901 | ||||||||
William Carter Co. | ||||||||||||
4,210 | 1.91%, 07/14/2012 (N) | 3,999 | ||||||||||
14,357 | ||||||||||||
Consumer Staples — 0.2% | ||||||||||||
Dole Food Co., Inc. | ||||||||||||
230 | 1.14%, 04/12/2013 (N) | 230 | ||||||||||
Dole Food Co., Inc., Tranche B Term Loan | ||||||||||||
402 | 8.00%, 04/12/2013 (N) | 402 | ||||||||||
Dole Food Co., Inc., Tranche C Term Loan | ||||||||||||
1,497 | 8.00%, 04/12/2013 (N) | 1,496 | ||||||||||
WM Wrigley Jr. Co. | ||||||||||||
6,118 | 6.50%, 10/06/2014 (N) | 6,140 | ||||||||||
8,268 | ||||||||||||
Energy — 0.1% | ||||||||||||
Lyondell Chemical Co. | ||||||||||||
949 | 1.50%, 12/15/2009 (N)(Q) | 976 | ||||||||||
1,594 | 5.82%, 12/15/2009 (N)(Q) | 1,322 | ||||||||||
Lyondell Chemical Co., Dutch RC | ||||||||||||
43 | 3.82%, 12/20/2013 (N) | 19 | ||||||||||
Lyondell Chemical Co., Dutch Tranche A | ||||||||||||
99 | 3.82%, 12/20/2013 (N) | 43 | ||||||||||
Lyondell Chemical Co., German B-1 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., German B-2 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., German B-3 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., Primary RC | ||||||||||||
160 | 3.82%, 12/20/2013 (N) | 69 | ||||||||||
Lyondell Chemical Co., Term Loan A | ||||||||||||
305 | 3.82%, 12/20/2013 (N) | 132 | ||||||||||
Lyondell Chemical Co., U.S. B-1 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
Lyondell Chemical Co., U.S. B-2 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
Lyondell Chemical Co., U.S. B-3 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
3,410 | ||||||||||||
Finance — 0.3% | ||||||||||||
Amerigroup Corp. | ||||||||||||
347 | 2.31%, 03/26/2012 (N) | 338 | ||||||||||
Brickman Group Holdings, Inc. | ||||||||||||
2,848 | 2.31%, 01/23/2014 (N) | 2,681 | ||||||||||
Community Health Systems, Inc. | ||||||||||||
294 | 2.56%, 07/25/2014 (N) | 264 | ||||||||||
5,755 | 2.90%, 07/25/2014 (N) | 5,172 | ||||||||||
Golden Gate National | ||||||||||||
2,165 | 3.06%, 03/14/2011 (N) | 1,970 | ||||||||||
10,425 | ||||||||||||
Health Care — 0.3% | ||||||||||||
HCA, Inc. | ||||||||||||
1,992 | 2.85%, 11/17/2013 (N) | 1,797 | ||||||||||
HealthSouth Corp. | ||||||||||||
1,874 | 2.57%, 03/10/2013 (N) | 1,747 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
188 | 0.21%, 03/17/2014 (N) | 171 | ||||||||||
IASIS Healthcare Capital Corp., Delayed Draw Term Loan | ||||||||||||
698 | 2.31%, 03/17/2014 (N) | 637 | ||||||||||
IASIS Healthcare Capital Corp., Term Loan B | ||||||||||||
2,017 | 2.31%, 03/17/2014 (N) | 1,839 | ||||||||||
Life Technologies Corp. | ||||||||||||
4,135 | 5.25%, 11/23/2015 (N)(Q) | 4,150 | ||||||||||
Skilled Healthcare Group, Inc. | ||||||||||||
2,029 | 2.60%, 06/15/2012 (N) | 1,725 | ||||||||||
Vanguard Health Holdings Co. II LLC | ||||||||||||
1,951 | 2.56%, 09/23/2011 (N) | 1,860 | ||||||||||
13,926 | ||||||||||||
Services — 0.6% | ||||||||||||
Affinion Group, Inc. | ||||||||||||
3,606 | 2.81%, 10/17/2012 (N) | 3,401 | ||||||||||
Cedar Fair L.P. | ||||||||||||
2,272 | 2.31%, 08/30/2012 (N) | 2,140 | ||||||||||
Cengage | ||||||||||||
924 | 2.81%, 07/05/2014 (N) | 772 | ||||||||||
Greenwood Racing, Inc. | ||||||||||||
1,206 | 2.56%, 11/14/2011 (N) | 1,109 | ||||||||||
Metavante Corp. | ||||||||||||
2,977 | 2.78%, 11/01/2014 (N) | 2,888 | ||||||||||
R.H. Donnelley, Inc. | ||||||||||||
1,789 | 6.75%, 10/24/2014 (N)Ψ | 1,382 | ||||||||||
Regal Cinemas, Inc. | ||||||||||||
4,787 | 4.35%, 10/27/2013 (N) | 4,654 | ||||||||||
UPC Financing Partnership | ||||||||||||
1,657 | 2.07%, 12/31/2014 (N) | 1,529 | ||||||||||
Venetian Macau Ltd. | ||||||||||||
194 | 2.85%, 05/25/2012 (N) | 164 | ||||||||||
Venetian Macau Ltd., Term Loan | ||||||||||||
335 | 2.85%, 05/25/2013 (N) | 283 | ||||||||||
West Corp. | ||||||||||||
2,385 | 2.69%, 10/24/2013 (N) | 2,170 | ||||||||||
WideOpenWest Finance LLC | ||||||||||||
11,970 | 7.32%, 06/29/2015 (N) | 6,344 | ||||||||||
26,836 | ||||||||||||
Technology — 0.6% | ||||||||||||
Charter Communications Operating LLC | ||||||||||||
1,005 | 5.00%, 03/06/2014 (AA)(Q) | 985 | ||||||||||
2,625 | 6.25%, 03/06/2014 (N) Ψ | 2,355 | ||||||||||
DaVita, Inc. | ||||||||||||
1,776 | 1.81%, 10/05/2011 (N) | 1,712 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2A | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,686 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2B | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,686 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2C | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,685 | ||||||||||
Mediacom Broadband LLC, Term Loan D-1 | ||||||||||||
5,909 | 2.05%, 01/31/2015 (N) | 5,451 | ||||||||||
Mediacom Broadband LLC, Term Loan D-2 | ||||||||||||
3,671 | 2.05%, 01/31/2015 (N) | 3,387 | ||||||||||
MetroPCS Wireless, Inc. | ||||||||||||
3,990 | 3.04%, 11/04/2013 (N) | 3,783 | ||||||||||
Time Warner Telecom Holdings, Inc. | ||||||||||||
3,976 | 2.31%, 01/07/2013 (N) | 3,742 | ||||||||||
26,472 | ||||||||||||
Transportation — 0.0% | ||||||||||||
Northwest Airlines Corp. | ||||||||||||
1,266 | 2.32%, 12/31/2010 (N) | 1,188 | ||||||||||
The accompanying notes are an integral part of these financial statements.
172
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — (continued) | ||||||||||||
Utilities — 0.4% | ||||||||||||
Astoria Generating Co. Acquisitions LLC | ||||||||||||
$ | 920 | 4.07%, 08/23/2013 (N) | $ | 793 | ||||||||
Calpine Corp. | ||||||||||||
5,804 | 3.48%, 03/29/2014 (N) | 5,131 | ||||||||||
NRG Energy, Inc. | ||||||||||||
1,694 | 0.50%, 02/01/2013 (N) | 1,591 | ||||||||||
3,160 | 2.02%, 02/01/2013 (N) | 2,969 | ||||||||||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-2 | ||||||||||||
4,608 | 3.82%, 10/10/2014 (N) | 3,289 | ||||||||||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-3 | ||||||||||||
3,144 | 3.82%, 10/12/2014 (N) | 2,240 | ||||||||||
16,013 | ||||||||||||
Total senior floating rate interests: non-investment grade (cost $163,517) | $ | 150,766 | ||||||||||
U.S. GOVERNMENT AGENCIES — 26.9% | ||||||||||||
Federal Home Loan Mortgage Corporation — 10.0% | ||||||||||||
$ | 110,681 | 4.50%, 03/01/2039 | $ | 110,317 | ||||||||
39,144 | 5.00%, 06/01/2038 | 39,868 | ||||||||||
11,007 | 5.03%, 06/01/2035 (L) | 11,129 | ||||||||||
24,004 | 5.38%, 08/01/2037 (L) | 25,070 | ||||||||||
18,101 | 5.45%, 01/01/2037 (L) | 18,947 | ||||||||||
2,486 | 5.47%, 05/01/2036 (L) | 2,611 | ||||||||||
29,392 | 5.50%, 10/01/2018 — 05/01/2037 | 30,435 | ||||||||||
4,198 | 5.82%, 10/01/2036 (L) | 4,358 | ||||||||||
64,071 | 6.00%, 04/01/2017 — 11/01/2037 | 67,258 | ||||||||||
80,035 | 6.50%, 07/01/2031 — 03/01/2038 | 85,148 | ||||||||||
9 | 7.50%, 09/01/2029 — 11/01/2031 | 9 | ||||||||||
395,150 | ||||||||||||
Federal National Mortgage Association — 13.9% | ||||||||||||
2,583 | 4.66%, 06/01/2034 (L) | 2,677 | ||||||||||
7,883 | 4.68%, 09/01/2035 (L) | 8,023 | ||||||||||
3,067 | 4.69%, 03/01/2035 (L) | 3,163 | ||||||||||
6,146 | 4.75%, 04/01/2035 (L) | 6,356 | ||||||||||
4,542 | 4.85%, 05/01/2035 — 07/01/2035 (L) | 4,616 | ||||||||||
4,084 | 4.86%, 04/01/2035 (L) | 4,222 | ||||||||||
16,660 | 4.88%, 05/01/2036 (L) | 17,231 | ||||||||||
7,385 | 4.96%, 07/01/2035 (L) | 7,420 | ||||||||||
229,592 | 5.00%, 02/01/2018 — 11/01/2038 | 235,769 | ||||||||||
5,886 | 5.08%, 11/01/2035 (L) | 6,111 | ||||||||||
11,198 | 5.24%, 02/01/2038 (L) | 11,630 | ||||||||||
13,548 | 5.25%, 01/01/2038 (L) | 14,080 | ||||||||||
122,241 | 5.50%, 12/01/2013 — 02/01/2039 | 126,932 | ||||||||||
20,553 | 6.00%, 07/01/2012 — 03/01/2033 | 21,700 | ||||||||||
96,502 | 6.50%, 11/01/2014 — 05/01/2038 | 102,912 | ||||||||||
6,910 | 7.00%, 02/01/2016 — 10/01/2037 | 7,507 | ||||||||||
944 | 7.50%, 11/01/2015 — 05/01/2032 | 1,029 | ||||||||||
2 | 8.00%, 04/01/2032 | 2 | ||||||||||
581,380 | ||||||||||||
Government National Mortgage Association — 2.6% | ||||||||||||
23,862 | 4.50%, 02/20/2039 | 23,801 | ||||||||||
21,505 | 5.50%, 03/15/2033 — 10/20/2034 | 22,261 | ||||||||||
60,060 | 6.00%, 12/15/2031 — 11/20/2037 | 62,672 | ||||||||||
14,457 | 6.50%, 06/15/2028 — 09/15/2032 | 15,575 | ||||||||||
41 | 7.00%, 06/20/2030 — 08/15/2031 | 46 | ||||||||||
5 | 8.50%, 11/15/2024 | 5 | ||||||||||
124,360 | ||||||||||||
Other Government Agencies — 0.4% | ||||||||||||
Small Business Administration Participation Certificates: | ||||||||||||
10,368 | 4.66%, 03/01/2029 | 10,655 | ||||||||||
6,926 | 4.76%, 02/01/2029 | 7,158 | ||||||||||
17,813 | ||||||||||||
Total U.S. government agencies (cost $1,085,773) | $ | 1,118,703 | ||||||||||
U.S. GOVERNMENT SECURITIES — 11.2% | ||||||||||||
U.S. Treasury Securities — 11.2% | ||||||||||||
U.S. Treasury Bonds — 1.1% | ||||||||||||
$ | 9,007 | 3.50%, 02/15/2039 | $ | 7,788 | ||||||||
38,936 | 4.25%, 05/15/2039 | 38,541 | ||||||||||
46,329 | ||||||||||||
U.S. Treasury Notes — 10.1% | ||||||||||||
205,010 | 0.88%, 05/31/2011 | 204,274 | ||||||||||
165,673 | 2.25%, 05/31/2014 | 163,446 | ||||||||||
54,829 | 3.13%, 05/15/2019 | 53,030 | ||||||||||
420,750 | ||||||||||||
467,079 | ||||||||||||
�� | Total U.S. government securities (cost $463,832) | $ | 467,079 | |||||||||
Shares | ||||||||||||
COMMON STOCKS — 0.0% | ||||||||||||
Telecommunication Services — 0.0% | ||||||||||||
— | XO Holdings, Inc. (D) | $ | — | |||||||||
Total common stocks (cost $ — ) | $ | — | ||||||||||
PREFERRED STOCKS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
330 | Federal Home Loan Mortgage Corp. | $ | 402 | |||||||||
Total preferred stocks (cost $8,270) | $ | 402 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Telecommunication Services — 0.0% | ||||||||||||
— | XO Holdings, Inc. (H)(D) | $ | — | |||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $4,044,268) | $ | 3,928,634 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 3.3% | ||||||||||||
Investment Pools and Funds — 2.7% | ||||||||||||
$ | 55,926 | JP Morgan U.S. Government Money Market Fund | $ | 55,926 | ||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
58,006 | Wells Fargo Advantage Government Money Market Fund | 58,006 | ||||||||||
113,932 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
173
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — 0.4% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $14,894, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $15,153) | ||||||||||||
$ | 14,894 | 0.01%, 6/30/2009 | $ | 14,894 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,796, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2,844) | ||||||||||||
2,796 | 0.01%, 6/30/2009 | 2,796 | ||||||||||
17,690 | ||||||||||||
U.S. Treasury Bills — 0.2% | ||||||||||||
4,890 | 0.13%, 7/16/2009 (S)(M) | 4,889 | ||||||||||
Total short-term investments (cost $136,511) | $ | 136,511 | ||||||||||
Total investments (cost $4,180,779) (C) | 97.7 | % | $ | 4,065,145 | ||||||||
Other assets and liabilities | 2.3 | % | 96,101 | |||||||||
Total net assets | 100.0 | % | $ | 4,161,246 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 9.9% of total net assets at June 30, 2009. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,182,099 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 121,071 | ||
Unrealized Depreciation | (238,025 | ) | ||
Net Unrealized Depreciation | $ | (116,954 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $11,069, which represents 0.27% of total net assets. | |
(D) | Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $431,150, which represents 10.36% of total net assets. | |
§ | Securities contain some restrictions as to public resale. These securities comply with Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, and are determined to be liquid. At June 30, 2009, the market value of these securities amounted to $16,938 or 0.41% of total net assets. | |
ª | Perpetual maturity security. Maturity date shown is the first call date. | |
► | The interest rates disclosed for interest only strips represent effective yields based upon estimated future cash flows at June 30, 2009. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(Q) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $13,697. | |
(N) | The interest rate disclosed for these securities represents the average coupon as of June 30, 2009. | |
(AA) | The interest rate disclosed for these securities represents an estimated average coupon as of June 30, 2009. | |
Ψ | The company is in bankruptcy. The investment held by the fund is current with respect to interest payments. | |
(B) | All principal amounts are in U.S. dollars unless otherwise indicated. |
JPY | — Japanese Yen |
(V) | Senior loans in which the Fund invests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one or more major United States Banks, or (iii) the bank’s certificate of deposit rate. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. The interest rate indicated is the rate in effect at June 30, 2009. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. | |
Futures Contracts Outstanding at June 30, 2009 |
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
2 Year U.S. Treasury Note | 904 | Long | Sep 2009 | $ | 1,100 | |||||||||||
5 Year U.S. Treasury Note | 484 | Long | Sep 2009 | $ | (12 | ) | ||||||||||
10 Year U.S. Treasury Note | 1,543 | Short | Sep 2009 | $ | (3,172 | ) | ||||||||||
U.S. Long Bond | 116 | Long | Sep 2009 | $ | 36 | |||||||||||
$ | (2,048 | ) | ||||||||||||||
* The number of contracts does not omit 000’s. |
The accompanying notes are an integral part of these financial statements.
174
Table of Contents
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
04/2003 | $ | 75 | Americo Life, Inc., 7.88%, 05/01/2013 - 144A | $ | 74 | |||||
03/2005 | $ | 68,230 | Banc of America Commercial Mortgage, Inc., 4.52%, 09/11/2036 - 144A | 624 | ||||||
05/2007 – 02/2009 | $ | 46,521 | Bayview Commercial Asset Trust, 7.00%, 07/25/2037 - 144A | 6,451 | ||||||
08/2007 | $ | 75,892 | Bayview Commercial Asset Trust, 7.50%, 09/25/2037 - 144A | 10,523 | ||||||
04/2007 | $ | 4,430 | Bayview Financial Acquisition Trust, 1.96%, 05/28/2037 | 4,430 | ||||||
10/2004 | $ | 57,397 | Bear Stearns Commercial Mortgage Securities, Inc., 4.07%, 07/11/2042 | 1,182 | ||||||
12/2004 | $ | 48,541 | Bear Stearns Commercial Mortgage Securities, Inc., 4.12%, 11/11/2041 | 836 | ||||||
04/2006 – 08/2007 | $ | 67,521 | CBA Commercial Small Balance Commercial Mortgage Class X1, 7.00%, 06/25/2038 - 144A | 1,011 | ||||||
04/2006 – 08/2007 | $ | 39,645 | CBA Commercial Small Balance Commercial Mortgage Class X2, 7.00%, 07/25/2035 - 144A | 896 | ||||||
05/2003 | $ | 250 | Centura Capital Trust I, 8.85%, 06/01/2027 - 144A | 259 | ||||||
02/2007 | $ | — | Citigroup Mortgage Loan Trust, Inc., 0.00%, 01/25/2037 - 144A | — | ||||||
08/2007 | $ | 33,356 | Citigroup Mortgage Loan Trust, Inc., 5.91%, 07/25/2037 | 33,288 | ||||||
02/2007 – 04/2009 | $ | 1,387 | Citigroup Mortgage Loan Trust, Inc., 12.00%, 01/25/2037 - 144A | 2,248 | ||||||
08/2007 | $ | 36,001 | Countrywide Home Loans, Inc., 6.00%, 10/25/2037 | 35,349 | ||||||
05/2007 | $ | 44,878 | First Horizon Mortgage Pass-Through Trust, 5.83%, 05/25/2037 | 44,977 | ||||||
06/2006 | $ | 210,181 | GE Business Loan Trust, 6.14%, 05/15/2034 - 144A | 377 | ||||||
07/2004 | $ | 122,273 | Goldman Sachs Mortgage Securities Corp. II, 4.38%, 08/10/2038 - 144A | 645 | ||||||
05/2008 | $ | 2,310 | Grupo Senda Autotransporte, 10.50%, 10/03/2015 - 144A | 2,307 | ||||||
06/2006 – 08/2006 | $ | 8,670 | Intelsat Bermuda Ltd., 9.25%, 06/15/2016 | 8,782 | ||||||
03/2007 | $ | 1,675 | JP Morgan Automotive Receivable Trust, 12.85%, 03/15/2012 | 1,675 | ||||||
07/2005 | $ | 4,709 | Mashantucket Western Pequot Revenue Bond, 5.91%, 09/01/2021 - 144A | 4,709 | ||||||
11/2004 | $ | 46,102 | Merrill Lynch Mortgage Trust, 3.96%, 10/12/2041 - 144A | 923 | ||||||
10/2005 – 08/2006 | $ | 17,473 | Morgan Stanley Dean Witter Capital I, 0.01%, 08/25/2032 - Reg D | 324 | ||||||
04/2007 | $ | 211 | Nationstar Home Equity Loan Trust, 9.97%, 03/25/2037 - 144A | 211 | ||||||
11/2006 | $ | 3,900 | North Street Referenced Linked Notes, 2.09%, 04/28/2011 - 144A | 3,713 | ||||||
05/2007 | $ | 11,208 | Northgroup Preferred Capital Corp., 6.38%, 10/15/2017 - 144A | 11,208 | ||||||
03/2005 | $ | 2,573 | Popular ABS Mortgage Pass-Through Trust, 5.42%, 04/25/2035 | 2,573 | ||||||
10/2001 – 11/2001 | $ | 12,100 | Potlatch Corp., 12.50%, 12/01/2009 | 12,186 | ||||||
02/2007 | $ | 369 | Soundview NIM Trust, 6.41%, 12/25/2036 - 144A | 369 | ||||||
06/2007 | $ | 19,570 | Wamu Commercial Mortgage Securities Trust, 6.31%, 03/23/2045 - 144A | 19,495 | ||||||
03/2008 | $ | 12,485 | Wells Fargo Alternative Loan Trust, 6.25%, 11/25/2037 | 10,077 | ||||||
05/2006 | — | XO Holdings, Inc. Warrants | — |
The aggregate value of these securities at June 30, 2009 was $139,171 which represents 3.34% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Canadian Dollar (Buy) | $ | 19,292 | $ | 19,405 | 07/02/09 | $ | (113 | ) | ||||||||
Euro (Buy) | 50,065 | 50,173 | 07/17/09 | (108 | ) | |||||||||||
Euro (Sell) | 41,454 | 40,865 | 07/17/09 | (589 | ) | |||||||||||
Euro (Sell) | 50,984 | 51,091 | 07/02/09 | 107 | ||||||||||||
Euro (Sell) | 8,610 | 8,641 | 07/17/09 | 31 | ||||||||||||
Japanese Yen (Buy) | 19,548 | 19,530 | 07/07/09 | 18 | ||||||||||||
Japanese Yen (Sell) | 19,548 | 19,802 | 07/07/09 | 254 | ||||||||||||
Japanese Yen (Buy) | 19,304 | 19,300 | 08/07/09 | 4 | ||||||||||||
Japanese Yen (Sell) | 19,372 | 19,506 | 08/07/09 | 134 | ||||||||||||
Japanese Yen (Buy) | 19,362 | 19,434 | 07/07/09 | (72 | ) | |||||||||||
Japanese Yen (Sell) | 26,551 | 26,355 | 07/07/09 | (196 | ) | |||||||||||
$ | (530 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Credit Default Swap Agreements Outstanding at June 30, 2009
Unrealized | ||||||||||||||||||||||
Buy/Sell | Pay/Receive | Expiration | Notional | Appreciation/ | ||||||||||||||||||
Counterparty | Reference Entity | Protection | Fixed Rate | Date | Amount | (Depreciation) | ||||||||||||||||
JP Morgan Chase Bank | CDX North American Investment Grade Index | Buy | 1.00 | % | 06/20/14 | $ | 61,735 | $ | (197 | ) | ||||||||||||
JP Morgan Chase Bank | CDX North American High Yield Index | Buy | 5.00 | % | 06/20/14 | 91,258 | (2,052 | ) | ||||||||||||||
$ | (2,249 | ) | ||||||||||||||||||||
The accompanying notes are an integral part of these financial statements.
175
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 422,487 | $ | — | $ | 380,843 | $ | 41,644 | ||||||||
Corporate Bonds: Investment Grade | 1,457,905 | — | 1,441,277 | 16,628 | ||||||||||||
Corporate Bonds: Non-Investment Grade | 304,681 | — | 298,316 | 6,365 | ||||||||||||
Municipal Bonds | 6,611 | — | 6,611 | — | ||||||||||||
Preferred Stocks | 402 | 402 | — | — | ||||||||||||
Senior Floating Rate Interests: Non-Investment Grade | 150,766 | — | 150,766 | — | ||||||||||||
U.S. Government Agencies | 1,118,703 | — | 1,118,703 | — | ||||||||||||
U.S. Government Securities | 467,079 | 91,571 | 375,508 | — | ||||||||||||
Short-Term Investments | 136,511 | 113,932 | 22,579 | — | ||||||||||||
Total | $ | 4,065,145 | $ | 205,905 | $ | 3,794,603 | $ | 64,637 | ||||||||
Other Financial Instruments (Q) | $ | 1,684 | $ | 1,136 | $ | 548 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 6,511 | $ | 3,184 | $ | 3,327 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Change in | ||||||||||||||||||||||||
Balance as of | Unrealized | Net | Transfers In | Balance as of | ||||||||||||||||||||
December 31, | Realized | Appreciation | Purchases | and/or Out of | June 30, | |||||||||||||||||||
2008 | Gain (Loss) | (Depreciation) | (Sales) | Level 3 | 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | 38,854 | (3,558 | ) | (575 | )* | (631 | ) | 7,554 | 41,644 | |||||||||||||||
Corporate Bonds | 17,206 | (2,959 | ) | 3,126 | (A) | 9,046 | (3,426 | ) | 22,993 | |||||||||||||||
Total | $ | 56,060 | $ | (6,517 | ) | $ | 2,551 | $ | 8,415 | $ | 4,128 | $ | 64,637 | |||||||||||
Other Financial Instruments # | $ | — | $ | — | § | $ | — | $ | — | $ | — | $ | — | |||||||||||
Liabilities: | ||||||||||||||||||||||||
Other Financial Instruments # | $ | — | $ | — | § | $ | — | $ | — | $ | — | $ | — | |||||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(3,273). | |
† | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $4,008. | |
‡ | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation/ depreciation on the investment | |
§ | The realized gain (loss) earned for other financial instruments during the period ended June 30, 2009 was $921. |
The accompanying notes are an integral part of these financial statements.
176
Table of Contents
Hartford U.S. Government Securities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 7.5% | ||||||||||||
Finance — 7.5% | ||||||||||||
Ameriquest Mortgage Securities, Inc. | ||||||||||||
$ | 1,373 | 1.38%, 09/25/2032 (L) | $ | 905 | ||||||||
Ansonia CDO Ltd. | ||||||||||||
9,649 | 0.61%, 07/28/2046 (H)(L) | 193 | ||||||||||
Arbor Realty Mortgage Securities | ||||||||||||
13,000 | 1.48%, 01/26/2042 (H)(L) | 1,690 | ||||||||||
Banc of America Commercial Mortgage, Inc. | ||||||||||||
33,631 | 4.83%, 07/11/2043 (H)(?) | 312 | ||||||||||
Banc of America Large Loan | ||||||||||||
3,000 | 0.56%, 10/15/2019 (H)(L) | 1,433 | ||||||||||
Bayview Commercial Asset Trust | ||||||||||||
90,042 | 7.00%, 07/25/2037 (H)(?) | 6,771 | ||||||||||
72,592 | 7.50%, 09/25/2037 (H)(?) | 5,793 | ||||||||||
Bayview Financial Acquisition Trust | ||||||||||||
1,100 | 1.96%, 05/28/2037 (H)(L) | 41 | ||||||||||
2,135 | 3.31%, 05/28/2037 (H)(L) | 69 | ||||||||||
Bear Stearns Asset Backed Securities, Inc. | ||||||||||||
5,984 | 1.41%, 05/25/2037 (H)(L) | 155 | ||||||||||
Bear Stearns Commercial Mortgage Securities, Inc. | ||||||||||||
181,568 | 4.65%, 02/11/2041 (H)(?) | 1,273 | ||||||||||
27,973 | 4.85%, 08/15/2038 (H)(?) | 666 | ||||||||||
Carrington Mortgage Loan Trust | ||||||||||||
4,906 | 1.96%, 02/25/2037 (H)(L) | 294 | ||||||||||
CBA Commercial Small Balance Commercial Mortgage | ||||||||||||
2,399 | 6.09%, 07/25/2039 (H)(L) | 1,272 | ||||||||||
2,509 | 6.50%, 07/25/2039 (H)(L) | 917 | ||||||||||
55,216 | 7.25%, 07/25/2039 (H)(?) | 4,693 | ||||||||||
Citigroup Commercial Mortgage Trust | ||||||||||||
5,000 | 0.56%, 08/15/2021 (H)(L) | 2,902 | ||||||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||||||
7,711 | 5.91%, 07/25/2037 (H)(L) | 4,761 | ||||||||||
Commercial Mortgage Pass-Through Certificates | ||||||||||||
8,491 | 0.61%, 12/15/2020 (H)(L) | 3,541 | ||||||||||
Countrywide Alternative Loan Trust | ||||||||||||
2,873 | 0.56%, 10/25/2035 (H)(L) | 1,985 | ||||||||||
Countrywide Asset-Backed Certificates | ||||||||||||
8,500 | 5.57%, 11/25/2035 (A) | 2,848 | ||||||||||
8,581 | 5.76%, 06/25/2035 | 1,814 | ||||||||||
8,505 | 5.80%, 07/25/2034 | 2,829 | ||||||||||
Credit Suisse Mortgage Capital Certificates | ||||||||||||
2,535 | 1.12%, 09/15/2021 (H)(L) | 1,254 | ||||||||||
CS First Boston Mortgage Securities Corp. | ||||||||||||
38,539 | 4.01%, 03/15/2035 (H)(?) | 368 | ||||||||||
Deutsche Alt-A Securities, Inc. | ||||||||||||
20,040 | 5.54%, 02/25/2036 (H)(L) | 11,144 | ||||||||||
DLJ Mortgage Acceptance Corp. — Class B1 | ||||||||||||
11 | 7.25%, 09/18/2011 (H) | 11 | ||||||||||
DLJ Mortgage Acceptance Corp. — Class B2 | ||||||||||||
4 | 7.25%, 09/18/2011 (H) | 4 | ||||||||||
First Franklin Mortgage Loan Asset Backed Certificates | ||||||||||||
558 | 2.79%, 07/25/2033 (H)(L) | 13 | ||||||||||
Green Tree Financial Corp. | ||||||||||||
41 | 7.30%, 01/15/2026 | 41 | ||||||||||
Greenwich Capital Commercial Funding Corp. | ||||||||||||
12,000 | 0.55%, 11/05/2021 (H)(L) | 3,918 | ||||||||||
Indymac Index Mortgage Loan Trust | ||||||||||||
16,518 | 0.55%, 06/25/2037 (H)(L) | 6,937 | ||||||||||
LB-UBS Commercial Mortgage Trust | ||||||||||||
28,374 | 4.25%, 12/15/2036 (I)(?) | 257 | ||||||||||
Lehman XS Trust | ||||||||||||
13,126 | 6.50%, 05/25/2037 (H)(L) | 7,008 | ||||||||||
LNR CDO Ltd. | ||||||||||||
7,200 | 0.66%, 05/28/2043 (H)(L) | 216 | ||||||||||
Mach One Trust Commercial Mortgage-Backed | ||||||||||||
24,229 | 6.09%, 05/28/2040 (H)(?) | 516 | ||||||||||
Marathon Real Estate CDO Ltd. | ||||||||||||
4,000 | 1.71%, 05/25/2046 (H)(L) | 200 | ||||||||||
Master Asset Backed Securities Trust | ||||||||||||
1,714 | 3.01%, 05/25/2033 (L) | 1,309 | ||||||||||
Merrill Lynch Floating Trust | ||||||||||||
11,000 | 0.52%, 06/15/2022 (H)(L) | 3,573 | ||||||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||||||
651 | 1.96%, 05/25/2032 (L) | 393 | ||||||||||
Merrill Lynch Mortgage Trust | ||||||||||||
104,512 | 4.57%, 06/12/2043 (H)(?) | 1,925 | ||||||||||
Morgan Stanley ABS Capital I | ||||||||||||
2,979 | 1.81%, 11/25/2032 (L) | 1,738 | ||||||||||
Morgan Stanley Capital | ||||||||||||
5,500 | 0.44%, 10/15/2020 (I)(L) | 3,226 | ||||||||||
North Street Referenced Linked Notes | ||||||||||||
4,250 | 2.09%, 04/28/2011 (H)(A)(L) | 574 | ||||||||||
Renaissance Home Equity Loan Trust | ||||||||||||
10,470 | 7.00%, 09/25/2037 | 1,244 | ||||||||||
6,155 | 7.50%, 04/25/2037 — 06/25/2037 | 142 | ||||||||||
Residential Asset Mortgage Products, Inc. | ||||||||||||
1,949 | 5.70%, 10/25/2031 | 1,415 | ||||||||||
Spirit Master Funding LLC | ||||||||||||
12,194 | 5.76%, 03/20/2024 (I) | 7,645 | ||||||||||
Structured Asset Securities Corp. | ||||||||||||
3,508 | 1.31%, 02/25/2033 (L) | 2,960 | ||||||||||
6,000 | 2.81%, 02/25/2037 (L) | 58 | ||||||||||
Wamu Commercial Mortgage Securities Trust | ||||||||||||
8,500 | 6.31%, 03/23/2045 (H)(L) | 2,180 | ||||||||||
107,426 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $275,724) | $ | 107,426 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 3.9% | ||||||||||||
Finance — 3.9% | ||||||||||||
Bank of America Corp. | ||||||||||||
$ | 35,800 | 2.10%, 04/30/2012 | $ | 35,855 | ||||||||
State Street Corp. | ||||||||||||
19,500 | 2.15%, 04/30/2012 | 19,588 | ||||||||||
55,443 | ||||||||||||
Total corporate bonds: investment grade (cost $55,261) | $ | 55,443 | ||||||||||
U.S. GOVERNMENT AGENCIES — 63.1% | ||||||||||||
Federal Home Loan Mortgage Corporation — 26.6% | ||||||||||||
$ | 267,850 | 3.80%, 03/09/2016 | $ | 269,172 | ||||||||
1,133 | 4.50%, 12/01/2018 | 1,175 | ||||||||||
2,627 | 4.94%, 08/01/2035 (L) | 2,708 | ||||||||||
17,620 | 5.00%, 10/15/2019 | 18,452 | ||||||||||
7,649 | 5.45%, 03/01/2036 (L) | 8,014 | ||||||||||
4,004 | 5.47%, 05/01/2036 (L) | 4,207 | ||||||||||
13,963 | 5.50%, 05/15/2033 (R) | 14,430 | ||||||||||
29,662 | 5.50%, 09/15/2016 — 05/01/2034 | 31,018 | ||||||||||
8,996 | 5.92%, 06/01/2037 (L) | 9,456 | ||||||||||
3,776 | 6.00%, 10/01/2021 — 09/01/2034 | 3,932 | ||||||||||
14,158 | 6.50%, 09/01/2014 — 05/01/2037 | 15,103 | ||||||||||
1,638 | 7.00%, 10/01/2026 — 11/01/2032 | 1,777 | ||||||||||
27 | 7.50%, 05/01/2024 — 06/01/2025 | 30 | ||||||||||
95 | 8.00%, 02/01/2013 — 10/01/2024 | 104 |
The accompanying notes are an integral part of these financial statements.
177
Table of Contents
Hartford U.S. Government Securities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
U.S. GOVERNMENT AGENCIES — (continued) | ||||||||||||
Federal Home Loan Mortgage Corporation — (continued) | ||||||||||||
$ | 10 | 8.50%, 10/01/2009 — 10/01/2024 | $ | 10 | ||||||||
37 | 10.00%, 11/01/2020 | 41 | ||||||||||
379,629 | ||||||||||||
Federal National Mortgage Association — 25.8% | ||||||||||||
21,000 | 2.50%, 05/15/2014 | 20,645 | ||||||||||
68,000 | 4.14%, 02/04/2015 | 67,969 | ||||||||||
1,147 | 4.50%, 01/25/2016 | 1,160 | ||||||||||
13,554 | 4.73%, 04/01/2035 (L) | 14,032 | ||||||||||
1,343 | 4.75%, 04/01/2035 (L) | 1,389 | ||||||||||
4,929 | 4.83%, 09/01/2034 (L) | 5,061 | ||||||||||
893 | 4.86%, 04/01/2035 (L) | 924 | ||||||||||
1,615 | 4.96%, 07/01/2035 (L) | 1,622 | ||||||||||
5,374 | 4.98%, 11/01/2035 (L) | 5,516 | ||||||||||
17,647 | 5.00%, 08/01/2018 — 12/01/2035 | 18,141 | ||||||||||
7,050 | 5.06%, 03/01/2035 (L) | 7,323 | ||||||||||
4,639 | 5.11%, 08/01/2035 (L) | 4,815 | ||||||||||
5,949 | 5.22%, 12/01/2035 (L) | 6,182 | ||||||||||
10,787 | 5.32%, 03/01/2037 (L) | 11,252 | ||||||||||
7,854 | 5.41%, 05/01/2036 (L) | 8,229 | ||||||||||
18,243 | 5.49%, 08/01/2037 (L) | 19,060 | ||||||||||
14,095 | 5.50%, 05/01/2037 (?) | 2,062 | ||||||||||
25,752 | 5.50%, 05/25/2014 — 07/01/2033 | 27,000 | ||||||||||
6,528 | 5.53%, 02/01/2037 (L) | 6,856 | ||||||||||
21,302 | 5.75%, 04/01/2037 (L) | 22,218 | ||||||||||
18,312 | 5.94%, 01/01/2037 — 07/01/2037 (L) | 19,210 | ||||||||||
58,096 | 6.00%, 09/01/2013 — 08/01/2037 | 60,956 | ||||||||||
2,535 | 6.50%, 06/25/2029 (R) | 2,713 | ||||||||||
28,305 | 6.50%, 05/01/2013 — 03/01/2037 | 30,313 | ||||||||||
2,361 | 7.00%, 06/01/2011 — 02/01/2032 | 2,543 | ||||||||||
61 | 7.50%, 06/01/2023 | 66 | ||||||||||
235 | 8.00%, 10/01/2029 — 02/01/2031 | 256 | ||||||||||
6 | 8.50%, 04/01/2017 | 6 | ||||||||||
71 | 9.00%, 08/01/2020 — 09/01/2021 | 78 | ||||||||||
6 | 9.75%, 07/01/2020 | 6 | ||||||||||
367,603 | ||||||||||||
Government National Mortgage Association — 1.8% | ||||||||||||
6,903 | 5.00%, 01/20/2034 | 7,030 | ||||||||||
7,796 | 6.00%, 01/15/2033 — 03/20/2034 | 8,139 | ||||||||||
6,136 | 6.50%, 12/15/2028 — 01/15/2032 | 6,599 | ||||||||||
2,705 | 7.00%, 06/20/2030 — 10/15/2032 | 2,935 | ||||||||||
649 | 7.50%, 04/15/2022 — 04/20/2030 | 711 | ||||||||||
89 | 8.50%, 06/15/2017 — 03/15/2030 | 98 | ||||||||||
2 | 9.50%, 10/15/2009 — 11/15/2009 | 2 | ||||||||||
25,514 | ||||||||||||
Other Government Agencies — 8.9% | ||||||||||||
Small Business Administration Participation Certificates: | ||||||||||||
3,249 | 4.95%, 03/01/2025 | 3,387 | ||||||||||
12,260 | 5.16%, 02/01/2028 | 12,778 | ||||||||||
6,302 | 5.23%, 03/01/2027 | 6,632 | ||||||||||
12,893 | 5.31%, 08/01/2022 — 05/01/2027 | 13,620 | ||||||||||
8,623 | 5.32%, 01/01/2027 | 9,133 | ||||||||||
17,353 | 5.35%, 02/01/2026 | 18,372 | ||||||||||
7,024 | 5.49%, 02/01/2027 | 7,327 | ||||||||||
3,340 | 5.52%, 06/01/2024 | 3,511 | ||||||||||
7,086 | 5.57%, 03/01/2026 | 7,560 | ||||||||||
12,521 | 5.71%, 06/01/2027 | 13,391 | ||||||||||
2,905 | 5.76%, 10/01/2021 | 3,077 | ||||||||||
3,292 | 5.78%, 12/01/2021 | 3,490 | ||||||||||
11,183 | 5.82%, 07/01/2027 | 12,103 | ||||||||||
6,654 | 6.07%, 07/01/2026 | 7,167 | ||||||||||
5,498 | 6.30%, 05/01/2019 | 5,858 | ||||||||||
127,406 | ||||||||||||
Total U.S. government agencies (cost $876,299) | $ | 900,152 | ||||||||||
U.S. GOVERNMENT SECURITIES — 19.8% | ||||||||||||
U.S. Treasury Securities — 19.8% | ||||||||||||
U.S. Treasury Notes — 19.8% | ||||||||||||
$ | 56,750 | 0.88%, 03/31/2011 — 04/30/2011 | $ | 56,661 | ||||||||
25,000 | 1.13%, 01/15/2012 | 24,840 | ||||||||||
21,000 | 1.38%, 04/15/2012 | 20,923 | ||||||||||
110,729 | 1.75%, 03/31/2014 | 107,096 | ||||||||||
33,500 | 1.88%, 02/28/2014 | 32,634 | ||||||||||
12,000 | 2.38%, 01/15/2017 (O) | 13,240 | ||||||||||
7,900 | 2.75%, 02/15/2019 | 7,399 | ||||||||||
19,585 | 3.75%, 11/15/2018 | 19,923 | ||||||||||
282,716 | ||||||||||||
Total U.S. government securities (cost $289,187) | $ | 282,716 | ||||||||||
Contracts | ||||||||||||
PUT OPTIONS PURCHASED — 0.0% | ||||||||||||
Long Put Future Option Contract — 0.0% | ||||||||||||
5 Year U.S. Treasury Note | ||||||||||||
1 | Expiration: August, 2009, Exercise Price: $113.00 (T) | $ | 580 | |||||||||
Total put options purchased (cost $493) | $ | 580 | ||||||||||
Total long-term investments (cost $1,496,964) | $ | 1,346,317 | ||||||||||
Shares | ||||||||||||
SHORT-TERM INVESTMENTS — 5.0% | ||||||||||||
Investment Pools and Funds — 4.0% | ||||||||||||
28,811 | JP Morgan U.S. Government Money Market Fund | $ | 28,811 | |||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
28,504 | Wells Fargo Advantage Government Money Market Fund | 28,504 | ||||||||||
57,315 | ||||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
Repurchase Agreements — 0.5% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $5,815, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $5,917) | ||||||||||||
$ | 5,815 | 0.01%, 6/30/2009 | $ | 5,815 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,092, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,110) | ||||||||||||
1,092 | 0.01%, 6/30/2009 | 1,092 | ||||||||||
6,907 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
178
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
U.S. Treasury Bills — 0.5% | ||||||||||||
$ | 6,515 | 0.11%, 7/16/2009 (S)(M) | $ | 6,515 | ||||||||
Total short-term investments (cost $70,737) | $ | 70,737 | ||||||||||
Total investments (cost $1,567,701) (C) | $ | 99.3 | % | $ | 1,417,054 | |||||||
Other assets and liabilities | 0.7 | % | 9,750 | |||||||||
Total net assets | 100.0 | % | $ | 1,426,804 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,568,960 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 27,092 | ||
Unrealized Depreciation | (178,998 | ) | ||
Net Unrealized Depreciation | $ | (151,906 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $3,422, which represents 0.24% of total net assets. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $11,128, which represents 0.78% of total net assets. | |
(?) | The interest rates disclosed for interest only strips represent effective yields based upon estimated future cash flows at June 30, 2009. | |
(O) | U.S. Treasury inflation-protected securities (TIPS) are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(R) | Z-Tranche securities pay no principal or interest during their initial accrual period, but accrue additional principal at a specified coupon rate. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. | |
Futures Contracts Outstanding at June 30, 2009 |
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
5 Year U.S. Treasury Note | 1,391 | Long | Sep 2009 | $ | 699 | |||||||||||
10 Year U.S. Treasury Note | 1,169 | Long | Sep 2009 | $ | (227 | ) | ||||||||||
U.S. Long Bond | 806 | Short | Sep 2009 | $ | (1,748 | ) | ||||||||||
$ | (1,276 | ) | ||||||||||||||
* | The number of contracts does not omit 000’s. | |
(T) | At June 30, 2009, these securities were designated to cover open put options written as follows: |
Unrealized | ||||||||||||||||
Issuer/ Exercise | Number of | Market | Premiums | Appreciation | ||||||||||||
Price/ Expiration Date | Contracts* | Value + | Received | (Depreciation) | ||||||||||||
5 Year U.S. Treasury Note, $112.00, Aug, 2009 | 1,160 | $ | 344 | $ | 286 | $ | (58 | ) | ||||||||
* | The number of contracts does not omit 000’s. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
10/2006 | $ | 9,649 | Ansonia CDO Ltd., 0.61%, 07/28/2046 - 144A | $ | 9,649 | |||||
11/2006 | $ | 13,000 | Arbor Realty Mortgage Securities, 1.48%, 01/26/2042 -144A | 13,000 | ||||||
02/2003 | $ | 33,631 | Banc of America Commercial Mortgage, Inc., 4.83%, 07/11/2043 - 144A | 279 | ||||||
10/2006 | $ | 3,000 | Banc of America Large Loan, 0.56%, 10/15/2019 - 144A | 3,000 | ||||||
05/2007 — 02/2009 | $ | 90,042 | Bayview Commercial Asset Trust, 7.00%, 07/25/2037 - 144A | 12,495 | ||||||
08/2007 | $ | 72,592 | Bayview Commercial Asset Trust, 7.50%, 09/25/2037 -144A | 9,974 | ||||||
04/2007 | $ | 1,100 | Bayview Financial Acquisition Trust, 1.96%, 05/28/2037 | 1,100 | ||||||
04/2007 | $ | 2,135 | Bayview Financial Acquisition Trust, 3.31%, 05/28/2037 | 2,073 | ||||||
04/2007 | $ | 5,984 | Bear Stearns Asset Backed Securities, Inc., 1.41%, 05/25/2037 | 5,984 | ||||||
05/2005 — 08/2007 | $ | 181,568 | Bear Stearns Commercial Mortgage Securities, Inc., 4.65%, 02/11/2041 | 1,376 | ||||||
02/2003 | $ | 27,973 | Bear Stearns Commercial Mortgage Securities, Inc., 4.85%, 08/15/2038 - 144A | 660 | ||||||
03/2007 | $ | 4,906 | Carrington Mortgage Loan Trust, 1.96%, 02/25/2037 | 4,906 | ||||||
05/2007 | $ | 2,399 | CBA Commercial Small Balance Commercial Mortgage, 6.09%, 07/25/2039 - 144A | 2,399 | ||||||
05/2007 | $ | 2,509 | CBA Commercial Small Balance Commercial Mortgage, 6.50%, 07/25/2039 - 144A | 2,508 | ||||||
05/2007 | $ | 55,216 | CBA Commercial Small Balance Commercial Mortgage, 7.25%, 07/25/2039 - 144A | 4,539 | ||||||
10/2006 | $ | 5,000 | Citigroup Commercial Mortgage Trust, 0.56%, 08/15/2021 -144A | 5,000 |
The accompanying notes are an integral part of these financial statements.
179
Table of Contents
Hartford U.S. Government Securities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
08/2007 | $ | 7,711 | Citigroup Mortgage Loan Trust, Inc., 5.91%, 07/25/2037 | 7,696 | ||||||
10/2006 | $ | 8,491 | Commercial Mortgage Pass-Through Certificates, 0.61%, 12/15/2020 - 144A | 8,491 | ||||||
11/2005 — 01/2007 | $ | 2,873 | Countrywide Alternative Loan Trust, 0.56%, 10/25/2035 | 2,873 | ||||||
11/2006 | $ | 2,535 | Credit Suisse Mortgage Capital Certificates, 1.12%, 09/15/2021 - 144A | 2,535 | ||||||
02/2003 | $ | 38,539 | CS First Boston Mortgage Securities Corp., 4.01%, 03/15/2035 - 144A | 407 | ||||||
04/2007 | $ | 20,040 | Deutsche Alt-A Securities, Inc., 5.54%, 02/25/2036 | 20,054 | ||||||
08/1996 | $ | 11 | DLJ Mortgage Acceptance Corp. - Class B1, 7.25%, 09/18/2011 - 144A | 11 | ||||||
08/1996 | $ | 4 | DLJ Mortgage Acceptance Corp. - Class B2, 7.25%, 09/18/2011 - 144A | 4 | ||||||
06/2003 | $ | 558 | First Franklin Mortgage Loan Asset Backed Certificates, 2.79%, 07/25/2033 | 558 | ||||||
12/2006 | $ | 12,000 | Greenwich Capital Commercial Funding Corp., 0.55%, 11/05/2021 - 144A | 12,000 | ||||||
04/2007 — 09/2008 | $ | 16,518 | Indymac Index Mortgage Loan Trust, 0.55%, 06/25/2037 | 16,518 | ||||||
10/2007 | $ | 13,126 | Lehman XS Trust, 6.50%, 05/25/2037 | 13,013 | ||||||
11/2006 | $ | 7,200 | LNR CDO Ltd., 0.66%, 05/28/2043 - 144A | 7,214 | ||||||
07/2004 | $ | 24,229 | Mach One Trust Commercial Mortgage-Backed, 6.09%, 05/28/2040 - 144A | 522 | ||||||
04/2007 | $ | 4,000 | Marathon Real Estate CDO Ltd., 1.71%, 05/25/2046 - 144A | 3,920 | ||||||
10/2006 | $ | 11,000 | Merrill Lynch Floating Trust, 0.52%, 06/15/2022 -144A | 11,000 | ||||||
06/2005 | $ | 104,512 | Merrill Lynch Mortgage Trust, 4.57%, 06/12/2043 | 2,012 | ||||||
11/2006 | $ | 4,250 | North Street Referenced Linked Notes, 2.09%, 04/28/2011 -144A | 4,046 | ||||||
06/2007 | $ | 8,500 | Wamu Commercial Mortgage Securities Trust, 6.31%, 03/23/2045 - 144A | 8,468 |
The aggregate value of these securities at June 30, 2009 was $78,602 which represents 5.51% of total net assets. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 107,426 | $ | — | $ | 51,489 | $ | 55,937 | ||||||||
Corporate Bonds: Investment Grade | 55,443 | — | 55,443 | — | ||||||||||||
Put Options Purchased | 580 | 580 | — | — | ||||||||||||
U.S. Government Agencies | 900,152 | — | 900,152 | — | ||||||||||||
U.S. Government Securities | 282,716 | — | 282,716 | — | ||||||||||||
Short-Term Investments | 70,737 | 57,315 | 13,422 | — | ||||||||||||
Total | $ | 1,417,054 | $ | 57,895 | $ | 1,303,222 | $ | 55,937 | ||||||||
Other Financial Instruments (Q) | $ | 699 | $ | 699 | $ | — | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 2,033 | $ | 2,033 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | Balance as of | |||||||||||||||||||||
December 31, | Realized Gain | Unrealized | and/or Out of | June 30, | ||||||||||||||||||||
2008 | (Loss) | Depreciation | Net Sales | Level 3 | 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 64,999 | $ | (1,119 | ) | $ | (4,266 | )* | $ | (2,909 | ) | $ | (768 | ) | $ | 55,937 | ||||||||
Total | $ | 64,999 | $ | (1,119 | ) | $ | (4,266 | ) | $ | (2,909 | ) | $ | (768 | ) | $ | 55,937 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(4,418). |
The accompanying notes are an integral part of these financial statements.
180
Table of Contents
Hartford Value HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.9% | ||||||||||||
Banks — 4.8% | ||||||||||||
91 | PNC Financial Services Group, Inc. | $ | 3,528 | |||||||||
390 | Wells Fargo & Co. | 9,459 | ||||||||||
12,987 | ||||||||||||
Capital Goods — 8.0% | ||||||||||||
109 | Cummins, Inc. | 3,841 | ||||||||||
375 | General Electric Co. | 4,394 | ||||||||||
63 | Illinois Tool Works, Inc. | 2,334 | ||||||||||
149 | Ingersoll-Rand Co. Class A | 3,106 | ||||||||||
35 | Lockheed Martin Corp. | 2,823 | ||||||||||
70 | PACCAR, Inc. | 2,276 | ||||||||||
45 | Precision Castparts Corp. | 3,250 | ||||||||||
22,024 | ||||||||||||
Commercial & Professional Services — 1.0% | ||||||||||||
101 | Waste Management, Inc. | 2,833 | ||||||||||
Consumer Durables & Apparel — 2.6% | ||||||||||||
69 | Coach, Inc. | 1,855 | ||||||||||
176 | Mattel, Inc. | 2,825 | ||||||||||
76 | Stanley Works | 2,555 | ||||||||||
7,235 | ||||||||||||
Diversified Financials — 10.5% | ||||||||||||
55 | Ameriprise Financial, Inc. | 1,330 | ||||||||||
362 | Bank of America Corp. | 4,776 | ||||||||||
138 | Bank of New York Mellon Corp. | 4,053 | ||||||||||
60 | Goldman Sachs Group, Inc. | 8,773 | ||||||||||
287 | JP Morgan Chase & Co. | 9,794 | ||||||||||
28,726 | ||||||||||||
Energy — 17.1% | ||||||||||||
39 | Apache Corp. | 2,821 | ||||||||||
59 | BP plc ADR | 2,823 | ||||||||||
120 | Chevron Corp. | 7,923 | ||||||||||
20 | EOG Resources, Inc. | 1,338 | ||||||||||
175 | Exxon Mobil Corp. | 12,199 | ||||||||||
113 | Marathon Oil Corp. | 3,399 | ||||||||||
63 | Newfield Exploration Co. (D) | 2,058 | ||||||||||
94 | Occidental Petroleum Corp. | 6,186 | ||||||||||
85 | Total S.A. ADR | 4,631 | ||||||||||
85 | XTO Energy, Inc. | 3,232 | ||||||||||
46,610 | ||||||||||||
Food & Staples Retailing — 3.7% | ||||||||||||
111 | CVS/Caremark Corp. | 3,547 | ||||||||||
96 | Kroger Co. | 2,119 | ||||||||||
108 | Safeway, Inc. | 2,206 | ||||||||||
101 | Sysco Corp. | 2,273 | ||||||||||
10,145 | ||||||||||||
Food, Beverage & Tobacco — 4.4% | ||||||||||||
26 | General Mills, Inc. | 1,451 | ||||||||||
88 | Nestle S.A. ADR | 3,307 | ||||||||||
78 | PepsiCo, Inc. | 4,292 | ||||||||||
69 | Philip Morris International, Inc. | 2,992 | ||||||||||
12,042 | ||||||||||||
Health Care Equipment & Services — 5.0% | ||||||||||||
71 | Baxter International, Inc. | 3,771 | ||||||||||
75 | Cardinal Health, Inc. | 2,298 | ||||||||||
63 | Covidien plc | 2,362 | ||||||||||
139 | UnitedHealth Group, Inc. | 3,462 | ||||||||||
43 | Zimmer Holdings, Inc. (D) | 1,836 | ||||||||||
13,729 | ||||||||||||
Household & Personal Products — 0.9% | ||||||||||||
45 | Kimberly-Clark Corp. | 2,380 | ||||||||||
Insurance — 6.2% | ||||||||||||
139 | ACE Ltd. | 6,161 | ||||||||||
81 | AON Corp. | 3,067 | ||||||||||
103 | Chubb Corp. | 4,120 | ||||||||||
56 | Principal Financial Group, Inc. | 1,051 | ||||||||||
165 | Unum Group | 2,619 | ||||||||||
17,018 | ||||||||||||
Materials — 3.8% | ||||||||||||
71 | Agrium U.S., Inc. | 2,844 | ||||||||||
90 | Cliff’s Natural Resources, Inc. | 2,210 | ||||||||||
104 | E.I. DuPont de Nemours & Co. | 2,662 | ||||||||||
58 | Mosaic Co. | 2,561 | ||||||||||
10,277 | ||||||||||||
Media — 2.1% | ||||||||||||
306 | Comcast Corp. Class A | 4,429 | ||||||||||
56 | Viacom, Inc. Class B (D) | 1,269 | ||||||||||
5,698 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 6.7% | ||||||||||||
67 | Abbott Laboratories | 3,166 | ||||||||||
49 | Johnson & Johnson | 2,761 | ||||||||||
399 | Pfizer, Inc. | 5,988 | ||||||||||
137 | Schering-Plough Corp. | 3,441 | ||||||||||
59 | Teva Pharmaceutical Industries Ltd. ADR | 2,901 | ||||||||||
18,257 | ||||||||||||
Real Estate — 0.8% | ||||||||||||
98 | Kimco Realty Corp. | 985 | ||||||||||
32 | Regency Centers Corp. | 1,113 | ||||||||||
2,098 | ||||||||||||
Retailing — 3.2% | ||||||||||||
85 | Gap, Inc. | 1,394 | ||||||||||
89 | Home Depot, Inc. | 2,106 | ||||||||||
60 | Kohl’s Corp. (D) | 2,565 | ||||||||||
142 | Staples, Inc. | 2,866 | ||||||||||
8,931 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.8% | ||||||||||||
277 | Intel Corp. | 4,589 | ||||||||||
145 | Texas Instruments, Inc. | 3,097 | ||||||||||
7,686 | ||||||||||||
Software & Services — 1.8% | ||||||||||||
209 | Microsoft Corp. | 4,973 | ||||||||||
Technology Hardware & Equipment — 3.8% | ||||||||||||
217 | Cisco Systems, Inc. (D) | 4,039 | ||||||||||
98 | Hewlett-Packard Co. | 3,792 | ||||||||||
135 | Ingram Micro, Inc. (D) | 2,366 | ||||||||||
10,197 | ||||||||||||
Telecommunication Services — 3.5% | ||||||||||||
268 | AT&T, Inc. | 6,668 | ||||||||||
96 | Verizon Communications, Inc. | 2,944 | ||||||||||
9,612 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
181
Table of Contents
Hartford Value HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Transportation — 0.8% | ||||||||||||
43 | United Parcel Service, Inc. Class B | $ | 2,140 | |||||||||
Utilities — 5.4% | ||||||||||||
89 | Edison International | 2,797 | ||||||||||
46 | Entergy Corp. | 3,566 | ||||||||||
49 | Exelon Corp. | 2,494 | ||||||||||
57 | FPL Group, Inc. | 3,263 | ||||||||||
42 | NRG Energy, Inc. (D) | 1,095 | ||||||||||
51 | SCANA Corp. | 1,659 | ||||||||||
14,874 | ||||||||||||
Total common stocks (cost $296,657) | $ | 270,472 | ||||||||||
Total long-term investments (cost $296,657) | $ | 270,472 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||||||
Repurchase Agreements — 1.0% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $169, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $172) | ||||||||||||
$ | 169 | 0.09%, 6/30/2009 | $ | 169 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,554, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $1,585) | ||||||||||||
1,554 | 0.05%, 6/30/2009 | 1,554 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $391, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $399) | ||||||||||||
391 | 0.09%, 6/30/2009 | 391 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $585, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $597) | ||||||||||||
585 | 0.08%, 6/30/2009 | 585 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $-, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
— | 0.03%, 6/30/2009 | $ | — | |||||||||
2,699 | ||||||||||||
Total short-term investments (cost $2,699) | $ | 2,699 | ||||||||||
Total investments (cost $299,356) (C) | 99.9 | % | $ | 273,171 | ||||||||
Other assets and liabilities | 0.1 | % | 350 | |||||||||
Total net assets | 100.0 | % | $ | 273,521 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 6.1% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $303,116 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 16,112 | ||
Unrealized Depreciation | (46,057 | ) | ||
Net Unrealized Depreciation | $ | (29,945 | ) | |
(D) | Currently non-income producing. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 270,472 | $ | 270,472 | $ | — | $ | — | ||||||||
Short-Term Investments | 2,699 | — | 2,699 | — | ||||||||||||
Total | $ | 273,171 | $ | 270,472 | $ | 2,699 | $ | — | ||||||||
The accompanying notes are an integral part of these financial statements.
182
Table of Contents
Hartford Value Opportunities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.8% | ||||||||||||
Automobiles & Components — 1.4% | ||||||||||||
308 | TRW Automotive Holdings Corp. (D) | $ | 3,475 | |||||||||
Banks — 2.6% | ||||||||||||
72 | US Bancorp | 1,287 | ||||||||||
222 | Wells Fargo & Co. | 5,388 | ||||||||||
6,675 | ||||||||||||
Capital Goods — 5.9% | ||||||||||||
13 | Alliant Techsystems, Inc. (D) | 1,095 | ||||||||||
37 | AMETEK, Inc. | 1,286 | ||||||||||
75 | Deere & Co. | 2,989 | ||||||||||
79 | Dover Corp. | 2,617 | ||||||||||
268 | General Electric Co. | 3,141 | ||||||||||
33 | Lindsay Corp. | 1,102 | ||||||||||
15 | Lockheed Martin Corp. | 1,202 | ||||||||||
68 | Pentair, Inc. | 1,750 | ||||||||||
15,182 | ||||||||||||
Consumer Durables & Apparel — 0.5% | ||||||||||||
76 | Toll Brothers, Inc. (D) | 1,288 | ||||||||||
Diversified Financials — 9.2% | ||||||||||||
161 | Ameriprise Financial, Inc. | 3,910 | ||||||||||
456 | Bank of America Corp. | 6,019 | ||||||||||
317 | CIT Group, Inc. | 682 | ||||||||||
104 | Invesco Ltd. | 1,846 | ||||||||||
71 | JP Morgan Chase & Co. | 2,439 | ||||||||||
174 | Oaktree Capital (I)(D) | 3,741 | ||||||||||
246 | PennantPark Investment Corp. | 1,750 | ||||||||||
173 | TD Ameritrade Holding Corp. (D) | 3,034 | ||||||||||
23,421 | ||||||||||||
Energy — 14.8% | ||||||||||||
21 | Apache Corp. | 1,537 | ||||||||||
56 | Baker Hughes, Inc. | 2,044 | ||||||||||
38 | Cameco Corp. | 973 | ||||||||||
75 | Canadian Natural Resources Ltd. ADR | 3,942 | ||||||||||
59 | Consol Energy, Inc. | 2,014 | ||||||||||
35 | Exxon Mobil Corp. | 2,433 | ||||||||||
146 | Newfield Exploration Co. (D) | 4,766 | ||||||||||
72 | Noble Energy, Inc. | 4,222 | ||||||||||
42 | Overseas Shipholding Group, Inc. | 1,413 | ||||||||||
96 | SBM Offshore N.V. | 1,644 | ||||||||||
113 | Talisman Energy, Inc. | 1,613 | ||||||||||
90 | Total S.A. ADR | 4,857 | ||||||||||
70 | Tsakos Energy Navigation Ltd. | 1,133 | ||||||||||
214 | USEC, Inc. (D) | 1,139 | ||||||||||
151 | Weatherford International Ltd. (D) | 2,955 | ||||||||||
32 | XTO Energy, Inc. | 1,232 | ||||||||||
37,917 | ||||||||||||
Food & Staples Retailing — 1.7% | ||||||||||||
93 | Kroger Co. | 2,042 | ||||||||||
103 | Sysco Corp. | 2,318 | ||||||||||
4,360 | ||||||||||||
Food, Beverage & Tobacco — 4.8% | ||||||||||||
39 | Bunge Ltd. Finance Corp. | 2,332 | ||||||||||
2,869 | Chaoda Modern Agriculture | 1,677 | ||||||||||
1 | Japan Tobacco, Inc. | 3,560 | ||||||||||
1,727 | Marine Harvest (D) | 1,161 | ||||||||||
33 | Perdigao S.A. (D) | 1,268 | ||||||||||
93 | Unilever N.V. NY Shares ADR | 2,237 | ||||||||||
12,235 | ||||||||||||
Health Care Equipment & Services — 6.1% | ||||||||||||
36 | Beckman Coulter, Inc. | 2,040 | ||||||||||
76 | Cardinal Health, Inc. | 2,328 | ||||||||||
100 | CIGNA Corp. | 2,399 | ||||||||||
51 | Covidien plc | 1,921 | ||||||||||
81 | Medtronic, Inc. | 2,822 | ||||||||||
175 | UnitedHealth Group, Inc. | 4,362 | ||||||||||
15,872 | ||||||||||||
Insurance — 10.8% | ||||||||||||
148 | ACE Ltd. | 6,546 | ||||||||||
74 | Everest Re Group Ltd. | 5,296 | ||||||||||
126 | Fidelity National Financial, Inc. | 1,710 | ||||||||||
42 | First American Financial Corp. | 1,084 | ||||||||||
32 | PartnerRe Ltd. | 2,072 | ||||||||||
91 | Platinum Underwriters Holdings Ltd. | 2,605 | ||||||||||
78 | Principal Financial Group, Inc. | 1,468 | ||||||||||
107 | Reinsurance Group of America, Inc. | 3,721 | ||||||||||
213 | Unum Group | 3,373 | ||||||||||
27,875 | ||||||||||||
Materials — 2.9% | ||||||||||||
118 | Owens-Illinois, Inc. (D) | 3,308 | ||||||||||
438 | Rexam plc | 2,060 | ||||||||||
61 | Vale S.A. — SP ADR | 1,077 | ||||||||||
24 | Vulcan Materials Co. | 1,026 | ||||||||||
7,471 | ||||||||||||
Media — 4.0% | ||||||||||||
281 | Comcast Corp. Class A | 4,067 | ||||||||||
307 | Comcast Corp. Special Class A | 4,333 | ||||||||||
205 | Virgin Media, Inc. | 1,915 | ||||||||||
10,315 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 7.9% | ||||||||||||
131 | Alkermes, Inc. (D) | 1,414 | ||||||||||
608 | Impax Laboratories, Inc. (D) | 4,471 | ||||||||||
467 | King Pharmaceuticals, Inc. (D) | 4,499 | ||||||||||
154 | Pfizer, Inc. | 2,313 | ||||||||||
84 | Schering-Plough Corp. | 2,115 | ||||||||||
119 | Wyeth | 5,415 | ||||||||||
20,227 | ||||||||||||
Real Estate — 2.6% | ||||||||||||
863 | Chimera Investment Corp. | 3,012 | ||||||||||
97 | Mack-Cali Realty Corp. | 2,207 | ||||||||||
49 | Ventas, Inc. | 1,469 | ||||||||||
6,688 | ||||||||||||
Retailing — 2.1% | ||||||||||||
3,040 | Buck Holdings L.P. (H)(D)(A) | 3,612 | ||||||||||
81 | Home Depot, Inc. | 1,909 | ||||||||||
5,521 | ||||||||||||
Semiconductors & Semiconductor Equipment — 1.5% | ||||||||||||
163 | Varian Semiconductor Equipment Associates, Inc. (D) | 3,906 | ||||||||||
Software & Services — 3.0% | ||||||||||||
30 | CACI International, Inc. Class A (D) | 1,273 | ||||||||||
270 | Microsoft Corp. | 6,411 | ||||||||||
7,684 | ||||||||||||
Technology Hardware & Equipment — 8.2% | ||||||||||||
181 | Arrow Electronics, Inc. (D) | $ | 3,837 | |||||||||
63 | Avnet, Inc. (D) | 1,319 |
The accompanying notes are an integral part of these financial statements.
183
Table of Contents
Hartford Value Opportunities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — (continued) | ||||||||||||
272 | Cisco Systems, Inc. (D) | $ | 5,078 | |||||||||
328 | Corning, Inc. | 5,274 | ||||||||||
492 | Flextronics International Ltd. (D) | 2,022 | ||||||||||
291 | JDS Uniphase Corp. (D) | 1,664 | ||||||||||
230 | Solar Cayman Ltd. (H)(D)(A) | 1,840 | ||||||||||
21,034 | ||||||||||||
Transportation — 3.4% | ||||||||||||
720 | Delta Air Lines, Inc. (D) | 4,168 | ||||||||||
68 | TNT N.V. | 1,326 | ||||||||||
53 | United Parcel Service, Inc. Class B | 2,631 | ||||||||||
346 | US Airways Group, Inc. (D) | 841 | ||||||||||
8,966 | ||||||||||||
Utilities — 4.4% | ||||||||||||
67 | Entergy Corp. | 5,155 | ||||||||||
80 | Exelon Corp. | 4,076 | ||||||||||
22 | FirstEnergy Corp. | 837 | ||||||||||
55 | Northeast Utilities | 1,223 | ||||||||||
11,291 | ||||||||||||
Total common stocks (cost $291,991) | $ | 251,403 | ||||||||||
Total long-term investments (cost $291,991) | $ | 251,403 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||||||||
Repurchase Agreements — 0.9% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $143, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $146) | ||||||||||||
$ | 143 | 0.09%, 6/30/2009 | $ | 143 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,319, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $1,345) | ||||||||||||
1,319 | 0.05%, 6/30/2009 | 1,319 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $332, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $338) | ||||||||||||
332 | 0.09%, 6/30/2009 | 332 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $497, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $507) | ||||||||||||
497 | 0.08%, 6/30/2009 | 497 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $-, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $—) | ||||||||||||
— | 0.03%, 6/30/2009 | — | ||||||||||
2,291 | ||||||||||||
Total short-term investments (cost $2,291) | $ | 2,291 | ||||||||||
Total investments (cost $294,282) (C) | 98.7 | % | $ | 253,694 | ||||||||
Other assets and liabilities | 1.3 | % | 3,256 | |||||||||
Total net assets | 100.0 | % | $ | 256,950 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 11.0% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $301,712 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 12,891 | ||
Unrealized Depreciation | (60,909 | ) | ||
Net Unrealized Depreciation | $ | (48,018 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $5,452, which represents 2.12% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of this security at June 30, 2009, was $3,741, which represents 1.46% of total net assets. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the |
The accompanying notes are an integral part of these financial statements.
184
Table of Contents
security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 3,040 | Buck Holdings L.P. | $ | 3,044 | ||||||
03/2007 | 230 | Solar Cayman Ltd. — 144A | 3,213 |
The aggregate value of these securities at June 30, 2009 was $5,452 which represents 2.12% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Buy) | $ | 57 | $ | 57 | 07/01/09 | $ | — | |||||||||
Hong Kong Dollar (Sell) | 249 | 249 | 07/06/09 | — | ||||||||||||
Swiss Franc (Sell) | 1,881 | 1,884 | 07/01/09 | 3 | ||||||||||||
$ | 3 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 251,403 | $ | 230,782 | $ | 11,428 | $ | 9,193 | ||||||||
Short-Term Investments | 2,291 | — | 2,291 | — | ||||||||||||
Total | $ | 253,694 | $ | 230,782 | $ | 13,719 | $ | 9,193 | ||||||||
Other Financial Instruments (Q) | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Balance as of | ||||||||||||||||||||||
December 31, | Realized Gain | Unrealized | Transfers In and/or | June 30, | ||||||||||||||||||||
2008 | (Loss) | Appreciation | Net Sales | Out of Level 3 | 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Common Stock | $ | 14,309 | $ | (31 | ) | $ | 527 | * | $ | (253 | ) | $ | (5,359 | ) | $ | 9,193 | ||||||||
Total | $ | 14,309 | $ | (31 | ) | $ | 527 | $ | (253 | ) | $ | (5,359 | ) | $ | 9,193 | |||||||||
* | Change in unrealized gains or losses relating to assets still held at June 30, 2009 was $527. |
The accompanying notes are an integral part of these financial statements.
185
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
Advisers | Capital Appreciation | Disciplined Equity | Dividend and Growth | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Assets: | ||||||||||||||||
Investments in securities, at value; (amortized cost for Money Market) @ | $ | 3,853,375 | $ | 8,206,696 | $ | 1,018,587 | $ | 4,313,524 | ||||||||
Cash | 20,280 | 2,699 | 2,845 | * | 1 | |||||||||||
Foreign currency on deposit with custodian # | — | 1,213 | — | — | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 55 | — | — | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 18,424 | 88,407 | 5,227 | 38,417 | ||||||||||||
Fund shares sold | — | 2,307 | 236 | 2,966 | ||||||||||||
Dividends and interest | 16,196 | 16,403 | 1,656 | 4,942 | ||||||||||||
Variation margin | — | — | — | — | ||||||||||||
Other assets | 34 | 54 | 7 | 29 | ||||||||||||
Total assets | 3,908,309 | 8,317,834 | 1,028,558 | 4,359,879 | ||||||||||||
Liabilities: | ||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 2 | — | — | ||||||||||||
Bank overdraft — foreign currency | — | — | — | — | ||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased | 42,061 | 117,037 | — | 41,986 | ||||||||||||
Fund shares redeemed | 2,639 | 3,525 | 422 | 2,744 | ||||||||||||
Variation margin | — | — | — | — | ||||||||||||
Investment management fees | 218 | 488 | 72 | 264 | ||||||||||||
Administrative services fee | 106 | 224 | 28 | 118 | ||||||||||||
Distribution fees | 18 | 48 | 5 | 25 | ||||||||||||
Accrued expenses | 369 | 557 | 90 | 309 | ||||||||||||
Written options | — | — | 92 | — | ||||||||||||
Total liabilities | 45,411 | 121,881 | 709 | 45,446 | ||||||||||||
Net assets | $ | 3,862,898 | $ | 8,195,953 | $ | 1,027,849 | $ | 4,314,433 | ||||||||
Summary of Net Assets: | ||||||||||||||||
Capital stock and paid-in-capital | $ | 5,678,899 | $ | 12,084,265 | $ | 1,468,527 | $ | 5,229,042 | ||||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 50,919 | (15,561 | ) | 9,920 | 57,324 | |||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (1,543,848 | ) | (3,232,918 | ) | (346,996 | ) | (753,862 | ) | ||||||||
Unrealized appreciation (depreciation) of investments and the translations of assets and liabilities denominated in foreign currency | (323,072 | ) | (639,833 | ) | (103,602 | ) | (218,071 | ) | ||||||||
Net assets | $ | 3,862,898 | $ | 8,195,953 | $ | 1,027,849 | $ | 4,314,433 | ||||||||
Shares authorized | 9,500,000 | 5,000,000 | 3,500,000 | 4,000,000 | ||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||||
Class IA: Net asset value per share | $ | 15.00 | $ | 29.27 | $ | 8.86 | $ | 14.76 | ||||||||
Shares outstanding | 222,113 | 232,359 | 98,103 | 243,135 | ||||||||||||
Net assets | $ | 3,332,565 | $ | 6,800,106 | $ | 869,437 | $ | 3,587,572 | ||||||||
Class IB: Net asset value per share | $ | 15.16 | $ | 29.00 | $ | 8.81 | $ | 14.71 | ||||||||
Shares outstanding | 34,983 | 48,130 | 17,983 | 49,423 | ||||||||||||
Net assets | $ | 530,333 | $ | 1,395,847 | $ | 158,412 | $ | 726,861 | ||||||||
@ Cost of securities | $ | 4,176,434 | $ | 8,846,666 | $ | 1,122,334 | $ | 4,531,595 | ||||||||
# Cost of foreign currency on deposit with custodian | $ | — | $ | 1,213 | $ | — | $ | — | ||||||||
* | Cash of $2,844 is pledged as collateral for open put options. |
The accompanying notes are an integral part of these financial statements.
186
Table of Contents
Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||
Equity Income | Fundamental Growth | Global Advisers | Global Equity | Global Growth | Global Health | Growth | Growth Opportunities | |||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||
$ | 256,873 | $ | 59,046 | $ | 217,904 | $ | 82,313 | $ | 534,929 | $ | 195,557 | $ | 288,800 | $ | 847,485 | |||||||||||||||||
1 | — | 1,033 | 113 | * | — | 1 | — | — | ||||||||||||||||||||||||
— | — | — | 5 | — | — | — | — | |||||||||||||||||||||||||
— | — | 277 | 1 | 22 | — | — | — | |||||||||||||||||||||||||
— | 884 | 8,016 | 1,386 | 12,496 | 983 | 6,724 | 47,444 | |||||||||||||||||||||||||
102 | 60 | 76 | — | 277 | 60 | 109 | 574 | |||||||||||||||||||||||||
573 | 33 | 850 | 216 | 501 | 137 | 273 | 528 | |||||||||||||||||||||||||
— | — | 124 | — | — | — | — | — | |||||||||||||||||||||||||
1 | 1 | 1 | 12 | 2 | 2 | 2 | 6 | |||||||||||||||||||||||||
257,550 | 60,024 | 228,281 | 84,046 | 548,227 | 196,740 | 295,908 | 896,037 | |||||||||||||||||||||||||
— | — | 541 | — | 18 | — | — | — | |||||||||||||||||||||||||
— | — | — | — | 17 | — | 8 | — | |||||||||||||||||||||||||
1,533 | 801 | 13,152 | 1,302 | 12,423 | 109 | 4,913 | 8,872 | |||||||||||||||||||||||||
140 | 13 | 232 | 167 | 258 | 277 | 1,966 | 733 | |||||||||||||||||||||||||
— | — | 35 | 2 | — | — | — | — | |||||||||||||||||||||||||
22 | 5 | 17 | — | 40 | 18 | 25 | 74 | |||||||||||||||||||||||||
7 | 1 | 6 | 2 | 15 | 5 | 8 | — | |||||||||||||||||||||||||
1 | 1 | 1 | 1 | 4 | 2 | 3 | 4 | |||||||||||||||||||||||||
27 | 15 | 33 | 13 | 57 | 19 | 32 | 66 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
1,730 | 836 | 14,017 | 1,487 | 12,832 | 430 | 6,955 | 9,749 | |||||||||||||||||||||||||
$ | 255,820 | $ | 59,188 | $ | 214,264 | $ | 82,559 | $ | 535,395 | $ | 196,310 | $ | 288,953 | $ | 886,288 | |||||||||||||||||
$ | 337,308 | $ | 91,402 | $ | 276,297 | $ | 150,150 | $ | 808,091 | $ | 259,084 | $ | 397,062 | $ | 1,342,381 | |||||||||||||||||
4,922 | 514 | 1,658 | 700 | 3,116 | 606 | 947 | 3,698 | |||||||||||||||||||||||||
(50,069 | ) | (30,530 | ) | (66,208 | ) | (63,034 | ) | (264,789 | ) | (35,466 | ) | (98,681 | ) | (452,166 | ) | |||||||||||||||||
(36,341 | ) | (2,198 | ) | 2,517 | (5,257 | ) | (11,023 | ) | (27,914 | ) | (10,375 | ) | (7,625 | ) | ||||||||||||||||||
$ | 255,820 | $ | 59,188 | $ | 214,264 | $ | 82,559 | $ | 535,395 | $ | 196,310 | $ | 288,953 | $ | 886,288 | |||||||||||||||||
800,000 | 800,000 | 1,000,000 | 800,000 | 3,400,000 | 800,000 | 800,000 | 700,000 | |||||||||||||||||||||||||
$ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||||||||
$ | 8.95 | $ | 6.61 | $ | 9.06 | $ | 6.95 | $ | 11.12 | $ | 10.81 | $ | 8.33 | $ | 17.74 | |||||||||||||||||
24,779 | 5,996 | 19,819 | 7,440 | 38,106 | 12,867 | 25,314 | 43,268 | |||||||||||||||||||||||||
$ | 221,769 | $ | 39,638 | $ | 179,588 | $ | 51,673 | $ | 423,689 | $ | 139,034 | $ | 210,974 | $ | 767,592 | |||||||||||||||||
$ | 8.95 | $ | 6.56 | $ | 9.02 | $ | 6.93 | $ | 11.05 | $ | 10.59 | $ | 8.20 | $ | 17.55 | |||||||||||||||||
3,806 | 2,979 | 3,842 | 4,458 | 10,111 | 5,409 | 9,512 | 6,763 | |||||||||||||||||||||||||
$ | 34,051 | $ | 19,550 | $ | 34,676 | $ | 30,886 | $ | 111,706 | $ | 57,276 | $ | 77,979 | $ | 118,696 | |||||||||||||||||
$ | 293,214 | $ | 61,244 | $ | 215,690 | $ | 87,570 | $ | 545,978 | $ | 223,470 | $ | 299,177 | $ | 855,109 | |||||||||||||||||
$ | — | $ | — | $ | — | $ | 5 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
* | Cash of $36 is pledged as collateral for open futures contracts. |
187
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Assets and Liabilities — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
High Yield | Index | International Growth | International Opportunities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Assets: | ||||||||||||||||
Investments in securities, at value; (amortized cost for Money Market) @ | $ | 570,281 | $ | 838,561 | $ | 361,590 | $ | 1,258,302 | ||||||||
Cash | 1,363 | — | 204 | — | ||||||||||||
Foreign currency on deposit with custodian # | 1,442 | — | — | 3,921 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | 16 | 21 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 19,787 | 685 | 6,435 | 17,057 | ||||||||||||
Fund shares sold | 562 | 226 | 41 | 1,303 | ||||||||||||
Dividends and interest | 11,528 | 1,135 | 1,520 | 4,025 | ||||||||||||
Variation margin | — | 4 | — | — | ||||||||||||
Other assets | 5 | 15 | 1 | 6 | ||||||||||||
Total assets | 604,968 | 840,626 | 369,807 | 1,284,635 | ||||||||||||
Liabilities: | ||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | 226 | — | 14 | 46 | ||||||||||||
Bank overdraft — foreign currency | — | — | 10 | — | ||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased | 30,685 | 1,437 | 2,924 | 28,141 | ||||||||||||
Fund shares redeemed | 307 | 492 | 904 | 829 | ||||||||||||
Variation margin | — | 87 | — | — | ||||||||||||
Investment management fees | 39 | 12 | 32 | 85 | ||||||||||||
Administrative services fee | 16 | 23 | 10 | 35 | ||||||||||||
Distribution fees | 5 | 5 | 3 | 7 | ||||||||||||
Accrued expenses | 45 | 78 | 55 | 124 | ||||||||||||
Total liabilities | 31,323 | 2,134 | 3,952 | 29,267 | ||||||||||||
Net assets | $ | 573,645 | $ | 838,492 | $ | 365,855 | $ | 1,255,368 | ||||||||
Summary of Net Assets: | ||||||||||||||||
Capital stock and paid-in-capital | $ | 728,607 | $ | 1,090,131 | $ | 805,075 | $ | 1,829,933 | ||||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 26,731 | 10,318 | 5,287 | 17,828 | ||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (167,719 | ) | (50,252 | ) | (458,640 | ) | (617,111 | ) | ||||||||
Unrealized appreciation (depreciation) of investments and the translations of assets and liabilities denominated in foreign currency | (13,974 | ) | (211,705 | ) | 14,133 | 24,718 | ||||||||||
Net assets | $ | 573,645 | $ | 838,492 | $ | 365,855 | $ | 1,255,368 | ||||||||
Shares authorized | 2,800,000 | 4,000,000 | 800,000 | 2,625,000 | ||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||||
Class IA: Net asset value per share | $ | 6.97 | $ | 19.33 | $ | 6.11 | $ | 9.08 | ||||||||
Shares outstanding | 59,424 | 36,347 | 45,229 | 116,880 | ||||||||||||
Net assets | $ | 414,307 | $ | 702,685 | $ | 276,199 | $ | 1,061,384 | ||||||||
Class IB: Net asset value per share | $ | 6.90 | $ | 19.24 | $ | 6.07 | $ | 9.18 | ||||||||
Shares outstanding | 23,084 | 7,059 | 14,775 | 21,126 | ||||||||||||
Net assets | $ | 159,338 | $ | 135,807 | $ | 89,656 | $ | 193,984 | ||||||||
@ Cost of securities | $ | 584,043 | $ | 1,049,995 | $ | 347,466 | $ | 1,233,657 | ||||||||
# Cost of foreign currency on deposit with custodian | $ | 1,430 | $ | — | $ | — | $ | 3,921 | ||||||||
The accompanying notes are an integral part of these financial statements.
188
Table of Contents
Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||
International Small Company | LargeCap Growth | MidCap | MidCap Growth | MidCap Value | Money Market | Small Company | SmallCap Growth | |||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||
$ | 173,759 | $ | 100,897 | $ | 1,759,703 | $ | 85,562 | $ | 417,737 | $ | 4,413,169 | $ | 1,061,807 | $ | 474,794 | |||||||||||||||||
47 | 1 | — | 1 | 1 | — | 1,798 | 150 | |||||||||||||||||||||||||
3 | — | — | — | — | — | — | — | |||||||||||||||||||||||||
4 | — | — | — | 3 | — | — | — | |||||||||||||||||||||||||
2,970 | 29,044 | 11,717 | 28,850 | 2,303 | — | 184,477 | 14,933 | |||||||||||||||||||||||||
62 | 34 | 2,110 | 533 | 8 | 3,394 | 3,530 | 373 | |||||||||||||||||||||||||
530 | 91 | 1,580 | 52 | 428 | 4,975 | 333 | 226 | |||||||||||||||||||||||||
— | — | — | — | — | — | 7 | 1 | |||||||||||||||||||||||||
1 | — | 7 | 1 | 10 | 798 | 8 | 2 | |||||||||||||||||||||||||
177,376 | 130,067 | 1,775,117 | 114,999 | 420,490 | 4,422,336 | 1,251,960 | 490,479 | |||||||||||||||||||||||||
9 | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
3,033 | 29,425 | 2,864 | 29,383 | 1,487 | — | 188,142 | 15,200 | |||||||||||||||||||||||||
150 | 30 | 501 | 176 | 258 | 16,823 | 629 | 445 | |||||||||||||||||||||||||
— | 6 | — | 4 | — | — | 16 | 1 | |||||||||||||||||||||||||
16 | 9 | 115 | 9 | 35 | 122 | 74 | 41 | |||||||||||||||||||||||||
5 | — | 48 | — | 12 | 122 | 29 | — | |||||||||||||||||||||||||
1 | — | 5 | 1 | 4 | 23 | 6 | 4 | |||||||||||||||||||||||||
23 | 8 | 108 | 8 | 42 | 79 | 72 | 49 | |||||||||||||||||||||||||
3,237 | 29,478 | 3,641 | 29,581 | 1,838 | 17,169 | 188,968 | 15,740 | |||||||||||||||||||||||||
$ | 174,139 | $ | 100,589 | $ | 1,771,476 | $ | 85,418 | $ | 418,652 | $ | 4,405,167 | $ | 1,062,992 | $ | 474,739 | |||||||||||||||||
$ | 300,042 | $ | 182,179 | $ | 2,385,607 | $ | 107,383 | $ | 650,318 | $ | 4,416,241 | $ | 1,528,679 | $ | 728,076 | |||||||||||||||||
1,556 | 481 | 5,395 | 98 | 2,446 | 1,955 | (349 | ) | 120 | ||||||||||||||||||||||||
(128,731 | ) | (83,366 | ) | (544,054 | ) | (26,389 | ) | (177,720 | ) | (13,029 | ) | (496,488 | ) | (216,752 | ) | |||||||||||||||||
1,272 | 1,295 | (75,472 | ) | 4,326 | (56,392 | ) | — | 31,150 | (36,705 | ) | ||||||||||||||||||||||
$ | 174,139 | $ | 100,589 | $ | 1,771,476 | $ | 85,418 | $ | 418,652 | $ | 4,405,167 | $ | 1,062,992 | $ | 474,739 | |||||||||||||||||
800,000 | 700,000 | 2,400,000 | 800,000 | 1,200,000 | 14,000,000 | 1,500,000 | 700,000 | |||||||||||||||||||||||||
$ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||||||||
$ | 9.20 | $ | 11.01 | $ | 17.32 | $ | 6.30 | $ | 6.44 | $ | 1.00 | $ | 11.58 | $ | 12.60 | |||||||||||||||||
14,591 | 8,782 | 93,465 | 10,799 | 45,663 | 3,732,314 | 76,497 | 27,982 | |||||||||||||||||||||||||
$ | 134,222 | $ | 96,686 | $ | 1,618,370 | $ | 68,033 | $ | 294,255 | $ | 3,723,023 | $ | 886,019 | $ | 352,500 | |||||||||||||||||
$ | 9.12 | $ | 10.98 | $ | 17.13 | $ | 6.29 | $ | 6.42 | $ | 1.00 | $ | 11.31 | $ | 12.55 | |||||||||||||||||
4,378 | 356 | 8,939 | 2,765 | 19,387 | 683,926 | 15,650 | 9,743 | |||||||||||||||||||||||||
$ | 39,917 | $ | 3,903 | $ | 153,106 | $ | 17,385 | $ | 124,397 | $ | 682,144 | $ | 176,973 | $ | 122,239 | |||||||||||||||||
$ | 172,485 | $ | 99,590 | $ | 1,835,175 | $ | 81,240 | $ | 474,129 | $ | 4,413,169 | $ | 1,030,502 | $ | 511,486 | |||||||||||||||||
$ | 3 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
189
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Assets and Liabilities — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
SmallCap Value | Stock | Total Return Bond | U.S. Government Securities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Assets: | ||||||||||||||||
Investments in securities, at value; (amortized cost for Money Market)@ | $ | 64,055 | $ | 2,123,241 | $ | 4,065,145 | $ | 1,417,054 | ||||||||
Cash | 60 | * | 1 | 40,976 | 305 | |||||||||||
Foreign currency on deposit with custodian # | — | — | 9,811 | 2 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 3 | 548 | — | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 6,796 | 13,282 | 54,809 | 1,068 | ||||||||||||
Fund shares sold | 29 | — | 4,392 | 357 | ||||||||||||
Dividends and interest | 101 | 2,092 | 38,166 | 11,247 | ||||||||||||
Variation margin | 1 | — | 300 | 395 | ||||||||||||
Swap premiums paid | — | — | 16,881 | — | ||||||||||||
Other assets | 9 | 26 | 31 | 22 | ||||||||||||
Total assets | 71,051 | 2,138,645 | 4,231,059 | 1,430,450 | ||||||||||||
Liabilities: | ||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 1,078 | — | ||||||||||||
Unrealized depreciation on swap contracts | — | — | 2,249 | — | ||||||||||||
Bank overdraft — U.S. Dollars | — | — | — | — | ||||||||||||
Bank overdraft — foreign currency | — | — | — | — | ||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased | 7,003 | 8,541 | 64,123 | — | ||||||||||||
Fund shares redeemed | 52 | 1,420 | 1,825 | 2,746 | ||||||||||||
Variation margin | 2 | — | 43 | 393 | ||||||||||||
Investment management fees | 8 | 79 | 148 | 88 | ||||||||||||
Administrative services fee | — | 59 | 114 | — | ||||||||||||
Distribution fees | — | 10 | 26 | 10 | ||||||||||||
Accrued expenses | 11 | 200 | 207 | 65 | ||||||||||||
Written options | — | — | — | 344 | ||||||||||||
Total liabilities | 7,076 | 10,309 | 69,813 | 3,646 | ||||||||||||
Net assets | $ | 63,975 | $ | 2,128,336 | $ | 4,161,246 | $ | 1,426,804 | ||||||||
Summary of Net Assets: | ||||||||||||||||
Capital stock and paid-in-capital | $ | 93,843 | $ | 3,692,627 | $ | 4,591,230 | $ | 1,592,075 | ||||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 556 | 19,572 | 83,180 | 29,672 | ||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (19,561 | ) | (1,276,335 | ) | (392,745 | ) | (42,962 | ) | ||||||||
Unrealized appreciation (depreciation) of investments and the translations of assets and liabilities denominated in foreign currency | (10,863 | ) | (307,528 | ) | (120,419 | ) | (151,981 | ) | ||||||||
Net assets | $ | 63,975 | $ | 2,128,336 | $ | 4,161,246 | $ | 1,426,804 | ||||||||
Shares authorized | 700,000 | 4,000,000 | 5,000,000 | 700,000 | ||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||||
Class IA: Net asset value per share | $ | 7.46 | $ | 28.99 | $ | 10.21 | $ | 10.26 | ||||||||
Shares outstanding | 7,986 | 63,360 | 334,427 | 110,577 | ||||||||||||
Net assets | $ | 59,603 | $ | 1,837,012 | $ | 3,415,942 | $ | 1,134,115 | ||||||||
Class IB: Net asset value per share | $ | 7.41 | $ | 28.93 | $ | 10.16 | $ | 10.22 | ||||||||
Shares outstanding | 590 | 10,069 | 73,380 | 28,653 | ||||||||||||
Net assets | $ | 4,372 | $ | 291,324 | $ | 745,304 | $ | 292,689 | ||||||||
@ Cost of securities | $ | 74,907 | $ | 2,430,763 | $ | 4,180,779 | $ | 1,567,701 | ||||||||
# Cost of foreign currency on deposit with custodian | $ | — | $ | — | $ | 9,631 | $ | 2 | ||||||||
* | Cash of $60 is pledged as collateral for open futures contracts. |
The accompanying notes are an integral part of these financial statements.
190
Table of Contents
Hartford | Hartford | |||||||||||||||||||||||||||||||
Value | Value Opportunities | |||||||||||||||||||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||||||||||||||||||
$ | 273,171 | $ | 253,694 | |||||||||||||||||||||||||||||
1 | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | 3 | |||||||||||||||||||||||||||||||
— | 6,376 | |||||||||||||||||||||||||||||||
47 | 170 | |||||||||||||||||||||||||||||||
422 | 346 | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
2 | 8 | |||||||||||||||||||||||||||||||
273,643 | 260,597 | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | 3,206 | |||||||||||||||||||||||||||||||
66 | 389 | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
23 | 22 | |||||||||||||||||||||||||||||||
8 | — | |||||||||||||||||||||||||||||||
2 | 2 | |||||||||||||||||||||||||||||||
23 | 28 | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
122 | 3,647 | |||||||||||||||||||||||||||||||
$ | 273,521 | $ | 256,950 | |||||||||||||||||||||||||||||
$ | 347,507 | $ | 466,740 | |||||||||||||||||||||||||||||
3,671 | 1,787 | |||||||||||||||||||||||||||||||
(51,472 | ) | (170,986 | ) | |||||||||||||||||||||||||||||
(26,185 | ) | (40,591 | ) | |||||||||||||||||||||||||||||
$ | 273,521 | $ | 256,950 | |||||||||||||||||||||||||||||
800,000 | 700,000 | |||||||||||||||||||||||||||||||
$ | 0.001 | $ | 0.001 | |||||||||||||||||||||||||||||
$ | 7.98 | $ | 9.96 | |||||||||||||||||||||||||||||
27,005 | 21,020 | |||||||||||||||||||||||||||||||
$ | 215,583 | $ | 209,359 | |||||||||||||||||||||||||||||
$ | 7.97 | $ | 9.91 | |||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||
7,273 | 4,800 | |||||||||||||||||||||||||||||||
$ | 57,938 | $ | 47,591 | |||||||||||||||||||||||||||||
$ | 299,356 | $ | 294,282 | |||||||||||||||||||||||||||||
$ | — | $ | — | |||||||||||||||||||||||||||||
191
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
Advisers | Capital Appreciation | Disciplined Equity | Dividend and Growth | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividends | $ | 27,914 | $ | 72,538 | $ | 11,979 | $ | 66,682 | ||||||||
Interest | 30,392 | 4,731 | 205 | 61 | ||||||||||||
Securities lending | — | — | — | — | ||||||||||||
Less: Foreign tax withheld | (629 | ) | (3,946 | ) | — | (1,668 | ) | |||||||||
Total investment income, net | 57,677 | 73,323 | 12,184 | 65,075 | ||||||||||||
Expenses: | ||||||||||||||||
Investment management fees | 7,576 | 15,654 | 2,474 | 8,969 | ||||||||||||
Administrative services fees | 3,682 | 7,176 | 965 | 4,017 | ||||||||||||
Distribution fees — Class IB | 634 | 1,558 | 190 | 865 | ||||||||||||
Custodian fees | 33 | 158 | 8 | 6 | ||||||||||||
Accounting services | 295 | 624 | 58 | 281 | ||||||||||||
Board of Directors’ fees | 52 | 94 | 13 | 57 | ||||||||||||
Audit fees | 46 | 81 | 13 | 50 | ||||||||||||
Other expenses | 395 | 688 | 100 | 408 | ||||||||||||
Total expenses (before waivers and fees paid indirectly) | 12,713 | 26,033 | 3,821 | 14,653 | ||||||||||||
Expense waivers | — | — | — | — | ||||||||||||
Commission recapture | (139 | ) | (296 | ) | (3 | ) | (45 | ) | ||||||||
Custodian fee offset | (20 | ) | — | — | — | |||||||||||
Total waivers and fees paid indirectly | (159 | ) | (296 | ) | (3 | ) | (45 | ) | ||||||||
Total expenses, net | 12,554 | 25,737 | 3,818 | 14,608 | ||||||||||||
Net investment income (loss) | 45,123 | 47,586 | 8,366 | 50,467 | ||||||||||||
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net realized loss on investments | (734,309 | ) | (1,147,064 | ) | (117,753 | ) | (481,631 | ) | ||||||||
Net realized loss on futures | (573 | ) | — | (1,048 | ) | — | ||||||||||
Net realized gain on written options | — | — | 931 | — | ||||||||||||
Net realized gain (loss) on forward foreign currency contracts | 355 | 83 | — | — | ||||||||||||
Net realized gain (loss) on other foreign currency transactions | (409 | ) | (167 | ) | — | — | ||||||||||
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions | (734,936 | ) | (1,147,148 | ) | (117,870 | ) | (481,631 | ) | ||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net unrealized appreciation of investments | 1,016,419 | 2,162,657 | 153,002 | 519,199 | ||||||||||||
Net unrealized appreciation (depreciation) of futures | — | — | (470 | ) | — | |||||||||||
Net unrealized depreciation of written options | — | — | (3 | ) | — | |||||||||||
Net unrealized appreciation (depreciation) of forward foreign currency contracts | (25 | ) | (78 | ) | — | — | ||||||||||
Net unrealized appreciation (depreciation) on translation of other assets and liabilities in foreign currencies | 7 | 132 | — | — | ||||||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions | 1,016,401 | 2,162,711 | 152,529 | 519,199 | ||||||||||||
Net Gain (Loss) on Investments | 281,465 | 1,015,563 | 34,659 | 37,568 | ||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 326,588 | $ | 1,063,149 | $ | 43,025 | $ | 88,035 | ||||||||
The accompanying notes are an integral part of these financial statements.
192
Table of Contents
Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||
Equity Income | Fundamental Growth | Global Advisers | Global Equity | Global Growth | Global Health | Growth | Growth Opportunities | |||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||
$ | 5,207 | $ | 418 | $ | 1,398 | $ | 1,204 | $ | 5,513 | $ | 1,603 | $ | 2,146 | $ | 5,946 | |||||||||||||||||
3 | 1 | 1,628 | 4 | 22 | 2 | 4 | 47 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | 12 | |||||||||||||||||||||||||
(99 | ) | (1 | ) | (137 | ) | (101 | ) | (544 | ) | (84 | ) | (62 | ) | (152 | ) | |||||||||||||||||
5,111 | 418 | 2,889 | 1,107 | 4,991 | 1,521 | 2,088 | 5,853 | |||||||||||||||||||||||||
753 | 156 | 598 | 271 | 1,380 | 663 | 851 | 2,516 | |||||||||||||||||||||||||
241 | 52 | 208 | 72 | 504 | 204 | 274 | — | |||||||||||||||||||||||||
41 | 22 | 42 | 34 | 132 | 70 | 97 | 142 | |||||||||||||||||||||||||
5 | 5 | 18 | 31 | 20 | 8 | 8 | 12 | |||||||||||||||||||||||||
12 | 3 | 19 | 6 | 35 | 10 | 14 | — | |||||||||||||||||||||||||
4 | 1 | 3 | 1 | 7 | 3 | 4 | 12 | |||||||||||||||||||||||||
5 | 3 | 5 | 5 | 8 | 5 | 5 | 12 | |||||||||||||||||||||||||
25 | 6 | 21 | 15 | 66 | 36 | 41 | 106 | |||||||||||||||||||||||||
1,086 | 248 | 914 | 435 | 2,152 | 999 | 1,294 | 2,800 | |||||||||||||||||||||||||
— | — | — | (36 | ) | — | — | — | — | ||||||||||||||||||||||||
(4 | ) | (1 | ) | (2 | ) | (2 | ) | (7 | ) | (8 | ) | (10 | ) | (57 | ) | |||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
(4 | ) | (1 | ) | (2 | ) | (38 | ) | (7 | ) | (8 | ) | (10 | ) | (57 | ) | |||||||||||||||||
1,082 | 247 | 912 | 397 | 2,145 | 991 | 1,284 | 2,743 | |||||||||||||||||||||||||
4,029 | 171 | 1,977 | 710 | 2,846 | 530 | 804 | 3,110 | |||||||||||||||||||||||||
(40,558 | ) | (10,297 | ) | (23,998 | ) | (17,787 | ) | (111,687 | ) | (30,481 | ) | (58,147 | ) | (189,595 | ) | |||||||||||||||||
— | — | (2,949 | ) | (21 | ) | — | — | — | — | |||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
(11 | ) | — | (1,557 | ) | (8 | ) | 224 | 92 | (55 | ) | 99 | |||||||||||||||||||||
10 | — | (1,163 | ) | 11 | (204 | ) | (76 | ) | 58 | (113 | ) | |||||||||||||||||||||
(40,559 | ) | (10,297 | ) | (29,667 | ) | (17,805 | ) | (111,667 | ) | (30,465 | ) | (58,144 | ) | (189,609 | ) | |||||||||||||||||
27,526 | 15,660 | 36,719 | 25,288 | 151,852 | 28,611 | 84,580 | 218,309 | |||||||||||||||||||||||||
— | — | 1,058 | (9 | ) | — | — | — | — | ||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | — | 1,984 | (7 | ) | 3 | — | — | — | ||||||||||||||||||||||||
— | — | 351 | 2 | 32 | — | 1 | (1 | ) | ||||||||||||||||||||||||
27,526 | 15,660 | 40,112 | 25,274 | 151,887 | 28,611 | 84,581 | 218,308 | |||||||||||||||||||||||||
(13,033 | ) | 5,363 | 10,445 | 7,469 | 40,220 | (1,854 | ) | 26,437 | 28,699 | |||||||||||||||||||||||
$ | (9,004 | ) | $ | 5,534 | $ | 12,422 | $ | 8,179 | $ | 43,066 | $ | (1,324 | ) | $ | 27,241 | $ | 31,809 | |||||||||||||||
193
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Operations — (continued)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
High Yield | Index | International Growth | International Opportunities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividends | $ | — | $ | 10,350 | $ | 7,558 | $ | 23,682 | ||||||||
Interest | 27,451 | 16 | 9 | 39 | ||||||||||||
Securities lending | — | — | 3 | — | ||||||||||||
Less: Foreign tax withheld | — | — | (961 | ) | (2,728 | ) | ||||||||||
Total investment income, net | 27,451 | 10,366 | 6,609 | 20,993 | ||||||||||||
Expenses: | ||||||||||||||||
Investment management fees | 1,217 | 391 | 1,131 | 2,810 | ||||||||||||
Administrative services fees | 488 | 782 | 356 | 1,119 | ||||||||||||
Distribution fees — Class IB | 173 | 158 | 118 | 211 | ||||||||||||
Custodian fees | 5 | 13 | 38 | 56 | ||||||||||||
Accounting services | 44 | 39 | 29 | 89 | ||||||||||||
Board of Directors’ fees | 6 | 11 | 5 | 15 | ||||||||||||
Audit fees | 7 | 11 | 7 | 15 | ||||||||||||
Treasury guarantee insurance | — | — | — | — | ||||||||||||
Other expenses | 49 | 85 | 67 | 161 | ||||||||||||
Total expenses (before waivers and fees paid indirectly) | 1,989 | 1,490 | 1,751 | 4,476 | ||||||||||||
Expense waivers | — | — | — | — | ||||||||||||
Commission recapture | — | — | (19 | ) | (20 | ) | ||||||||||
Custodian fee offset | — | — | — | — | ||||||||||||
Total waivers and fees paid indirectly | — | — | (19 | ) | (20 | ) | ||||||||||
Total expenses, net | 1,989 | 1,490 | 1,732 | 4,456 | ||||||||||||
Net investment income (loss) | 25,462 | 8,876 | 4,877 | 16,537 | ||||||||||||
Net Realized Gain on Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net realized gain (loss) on investments | (41,689 | ) | (18,453 | ) | (29,879 | ) | (164,485 | ) | ||||||||
Net realized gain on futures | 1,154 | 1,537 | — | — | ||||||||||||
Net realized gain (loss) on forward foreign currency contracts | (27 | ) | — | (1,023 | ) | (1,292 | ) | |||||||||
Net realized gain (loss) on other foreign currency transactions | (52 | ) | — | 943 | 1,329 | |||||||||||
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | (40,614 | ) | (16,916 | ) | (29,959 | ) | (164,448 | ) | ||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net unrealized appreciation of investments | 111,796 | 28,818 | 35,733 | 231,862 | ||||||||||||
Net unrealized depreciation of futures | (1,300 | ) | (451 | ) | — | — | ||||||||||
Net unrealized appreciation (depreciation) of forward foreign currency contracts | (4 | ) | — | 2 | (11 | ) | ||||||||||
Net unrealized appreciation (depreciation) on translation of other assets and liabilities in foreign currencies | (28 | ) | — | 6 | 156 | |||||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions | 110,464 | 28,367 | 35,741 | 232,007 | ||||||||||||
Net Gain (Loss) on Investments | 69,850 | 11,451 | 5,782 | 67,559 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 95,312 | $ | 20,327 | $ | 10,659 | $ | 84,096 | ||||||||
The accompanying notes are an integral part of these financial statements.
194
Table of Contents
Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||
International Small Company | LargeCap Growth | MidCap | MidCap Growth | MidCap Value | Money Market | Small Company | SmallCap Growth | |||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||
$ | 2,566 | $ | 777 | $ | 10,465 | $ | 358 | $ | 3,509 | $ | — | $ | 3,228 | $ | 1,230 | |||||||||||||||||
2 | 1 | 57 | 2 | 3 | 11,018 | 21 | 13 | |||||||||||||||||||||||||
— | — | — | — | — | — | 29 | 12 | |||||||||||||||||||||||||
(273 | ) | — | — | — | (22 | ) | — | (5 | ) | — | ||||||||||||||||||||||
2,295 | 778 | 10,522 | 360 | 3,490 | 11,018 | 3,273 | 1,255 | |||||||||||||||||||||||||
491 | 293 | 3,943 | 240 | 1,178 | 4,935 | 2,397 | 1,324 | |||||||||||||||||||||||||
151 | — | 1,651 | — | 388 | 4,946 | 933 | — | |||||||||||||||||||||||||
42 | 4 | 190 | 15 | 145 | 931 | 204 | 137 | |||||||||||||||||||||||||
26 | 5 | 11 | 5 | 10 | 3 | 26 | 20 | |||||||||||||||||||||||||
12 | — | 99 | — | 20 | 247 | 56 | — | |||||||||||||||||||||||||
3 | 1 | 22 | 1 | 6 | 73 | 12 | 6 | |||||||||||||||||||||||||
5 | 4 | 21 | 3 | 7 | 62 | 13 | 7 | |||||||||||||||||||||||||
— | — | — | — | — | 1,253 | — | — | |||||||||||||||||||||||||
21 | 10 | 166 | 5 | 64 | 431 | 100 | 54 | |||||||||||||||||||||||||
751 | 317 | 6,103 | 269 | 1,818 | 12,881 | 3,741 | 1,548 | |||||||||||||||||||||||||
— | — | — | — | — | (2,722 | ) | — | — | ||||||||||||||||||||||||
(3 | ) | — | (86 | ) | — | (15 | ) | — | (124 | ) | (8 | ) | ||||||||||||||||||||
— | — | — | — | — | (1 | ) | — | — | ||||||||||||||||||||||||
(3 | ) | — | (86 | ) | — | (15 | ) | (2,723 | ) | (124 | ) | (8 | ) | |||||||||||||||||||
748 | 317 | 6,017 | 269 | 1,803 | 10,158 | 3,617 | 1,540 | |||||||||||||||||||||||||
1,547 | 461 | 4,505 | 91 | 1,687 | 860 | (344 | ) | (285 | ) | |||||||||||||||||||||||
(47,214 | ) | (13,933 | ) | (268,053 | ) | (6,375 | ) | (68,133 | ) | 3 | (191,580 | ) | (68,207 | ) | ||||||||||||||||||
— | 133 | — | 324 | — | — | 3,684 | 109 | |||||||||||||||||||||||||
(121 | ) | — | (88 | ) | — | 60 | — | (75 | ) | — | ||||||||||||||||||||||
24 | — | 95 | — | (71 | ) | — | 69 | — | ||||||||||||||||||||||||
(47,311 | ) | (13,800 | ) | (268,046 | ) | (6,051 | ) | (68,144 | ) | 3 | (187,902 | ) | (68,098 | ) | ||||||||||||||||||
60,203 | 23,518 | 370,113 | 16,429 | 103,504 | — | 241,263 | 105,244 | |||||||||||||||||||||||||
— | (39 | ) | — | (32 | ) | — | — | (581 | ) | (49 | ) | |||||||||||||||||||||
(3 | ) | — | — | — | 3 | — | (8 | ) | — | |||||||||||||||||||||||
(5 | ) | — | — | — | (3 | ) | — | 4 | — | |||||||||||||||||||||||
60,195 | 23,479 | 370,113 | 16,397 | 103,504 | — | 240,678 | 105,195 | |||||||||||||||||||||||||
12,884 | 9,679 | 102,067 | 10,346 | 35,360 | 3 | 52,776 | 37,097 | |||||||||||||||||||||||||
$ | 14,431 | $ | 10,140 | $ | 106,572 | $ | 10,437 | $ | 37,047 | $ | 863 | $ | 52,432 | $ | 36,812 | |||||||||||||||||
195
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Operations — (continued)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
SmallCap Value | Stock | Total Return Bond | U.S. Government Securities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividends | $ | 624 | $ | 21,893 | $ | — | $ | — | ||||||||
Interest | 9 | 94 | 108,952 | 32,734 | ||||||||||||
Securities lending | — | — | — | — | ||||||||||||
Less: Foreign tax withheld | — | (547 | ) | — | — | |||||||||||
Total investment income, net | 633 | 21,440 | 108,952 | 32,734 | ||||||||||||
Expenses: | ||||||||||||||||
Investment management fees | 251 | 2,672 | 5,123 | 3,403 | ||||||||||||
Administrative services fees | — | 1,964 | 3,925 | — | ||||||||||||
Distribution fees — Class IB | 4 | 338 | 901 | 392 | ||||||||||||
Custodian fees | 7 | 18 | 28 | 3 | ||||||||||||
Accounting services | — | 98 | 353 | — | ||||||||||||
Board of Directors’ fees | 1 | 27 | 52 | 22 | ||||||||||||
Audit fees | 3 | 25 | 47 | 20 | ||||||||||||
Other expenses | 18 | 244 | 338 | 132 | ||||||||||||
Total expenses (before waivers and fees paid indirectly) | 284 | 5,386 | 10,767 | 3,972 | ||||||||||||
Commission recapture | — | (114 | ) | — | — | |||||||||||
Custodian fee offset | — | — | — | — | ||||||||||||
Total waivers and fees paid indirectly | — | (114 | ) | — | — | |||||||||||
Total expenses, net | 284 | 5,272 | 10,767 | 3,972 | ||||||||||||
Net investment income (loss) | 349 | 16,168 | 98,185 | 28,762 | ||||||||||||
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net realized gain (loss) on investments | (8,421 | ) | (515,218 | ) | (162,774 | ) | 11,820 | |||||||||
Net realized gain (loss) on futures | 112 | — | 702 | (16,988 | ) | |||||||||||
Net realized loss on written options | — | — | — | (666 | ) | |||||||||||
Net realized loss on swap contracts | — | — | (628 | ) | — | |||||||||||
Net realized gain (loss) on forward foreign currency contracts | — | 278 | 5,670 | (27 | ) | |||||||||||
Net realized gain (loss) on other foreign currency transactions | — | (303 | ) | 817 | 169 | |||||||||||
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions | (8,309 | ) | (515,243 | ) | (156,213 | ) | (5,692 | ) | ||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net unrealized appreciation (depreciation) of investments | 8,567 | 719,658 | 328,392 | (7,779 | ) | |||||||||||
Net unrealized depreciation of futures | (30 | ) | — | (2,871 | ) | (5,423 | ) | |||||||||
Net unrealized appreciation of written options | — | — | — | 364 | ||||||||||||
Net unrealized depreciation of swap contracts | — | — | (749 | ) | — | |||||||||||
Net unrealized appreciation (depreciation) of forward foreign currency contracts | — | (22 | ) | 1,850 | 493 | |||||||||||
Net unrealized appreciation (depreciation) on translation of other assets and liabilities in foreign currencies | — | 4 | 1,829 | (1,703 | ) | |||||||||||
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | 8,537 | 719,640 | 328,451 | (14,048 | ) | |||||||||||
Net Gain (Loss) on Investments | 228 | 204,397 | 172,238 | (19,740 | ) | |||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 577 | $ | 220,565 | $ | 270,423 | $ | 9,022 | ||||||||
The accompanying notes are an integral part of these financial statements.
196
Table of Contents
Hartford | Hartford | |||||||||||||||||||||||||||||||
Value | Value Opportunities | |||||||||||||||||||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||||||||||||||||||
$ | 3,858 | $ | 2,355 | |||||||||||||||||||||||||||||
3 | 5 | |||||||||||||||||||||||||||||||
— | 1 | |||||||||||||||||||||||||||||||
(39 | ) | (56 | ) | |||||||||||||||||||||||||||||
3,822 | 2,305 | |||||||||||||||||||||||||||||||
801 | 741 | |||||||||||||||||||||||||||||||
257 | — | |||||||||||||||||||||||||||||||
69 | 53 | |||||||||||||||||||||||||||||||
4 | 9 | |||||||||||||||||||||||||||||||
13 | — | |||||||||||||||||||||||||||||||
4 | 4 | |||||||||||||||||||||||||||||||
6 | 5 | |||||||||||||||||||||||||||||||
26 | 25 | |||||||||||||||||||||||||||||||
1,180 | 837 | |||||||||||||||||||||||||||||||
(9 | ) | (5 | ) | |||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
(9 | ) | (5 | ) | |||||||||||||||||||||||||||||
1,171 | 832 | |||||||||||||||||||||||||||||||
2,651 | 1,473 | |||||||||||||||||||||||||||||||
(35,187 | ) | (50,043 | ) | |||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | 106 | |||||||||||||||||||||||||||||||
— | (114 | ) | ||||||||||||||||||||||||||||||
(35,187 | ) | (50,051 | ) | |||||||||||||||||||||||||||||
37,503 | 76,753 | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | — | |||||||||||||||||||||||||||||||
— | 3 | |||||||||||||||||||||||||||||||
— | (7 | ) | ||||||||||||||||||||||||||||||
37,503 | 76,749 | |||||||||||||||||||||||||||||||
2,316 | 26,698 | |||||||||||||||||||||||||||||||
$ | 4,967 | $ | 28,171 | |||||||||||||||||||||||||||||
197
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
Hartford | ||||||||||||||||
Hartford | Capital Appreciation | |||||||||||||||
Advisers | HLS Fund | |||||||||||||||
HLS Fund | For the | |||||||||||||||
For the | Six-Month | |||||||||||||||
Six-Month Period Ended | For the Year | Period Ended | For the | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 45,123 | $ | 137,734 | $ | 47,586 | $ | 125,222 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (734,936 | ) | (752,411 | ) | (1,147,148 | ) | (2,043,113 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 1,016,401 | (1,448,267 | ) | 2,162,711 | (4,503,815 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 326,588 | (2,062,944 | ) | 1,063,149 | (6,421,706 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (139,941 | ) | — | (166,956 | ) | ||||||||||
Class IB | — | (20,362 | ) | — | (30,787 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (30,655 | ) | — | (938,545 | ) | ||||||||||
Class IB | — | (5,074 | ) | — | (219,929 | ) | ||||||||||
Total distributions | — | (196,032 | ) | — | (1,356,217 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 23,061 | 116,973 | 405,431 | 956,013 | ||||||||||||
Issued on reinvestment of distributions | — | 170,596 | — | 1,105,501 | ||||||||||||
Redeemed | (377,575 | ) | (1,235,301 | ) | (506,828 | ) | (1,832,987 | ) | ||||||||
Total capital share transactions | (354,514 | ) | (947,732 | ) | (101,397 | ) | 228,527 | |||||||||
Class IB | ||||||||||||||||
Sold | 7,057 | 45,838 | 56,711 | 275,690 | ||||||||||||
Issued on reinvestment of distributions | — | 25,436 | — | 250,716 | ||||||||||||
Redeemed | (69,758 | ) | (282,515 | ) | (135,559 | ) | (721,700 | ) | ||||||||
Total capital share transactions | (62,701 | ) | (211,241 | ) | (78,848 | ) | (195,294 | ) | ||||||||
Net increase (decrease) from capital share transactions | (417,215 | ) | (1,158,973 | ) | (180,245 | ) | 33,233 | |||||||||
Net increase (decrease) in net assets | (90,627 | ) | (3,417,949 | ) | 882,904 | (7,744,690 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 3,953,525 | 7,371,474 | 7,313,049 | 15,057,739 | ||||||||||||
End of period | $ | 3,862,898 | $ | 3,953,525 | $ | 8,195,953 | $ | 7,313,049 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 50,919 | $ | 5,796 | $ | (15,561 | ) | $ | (63,147 | ) | ||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 1,713 | 6,258 | 15,839 | 25,491 | ||||||||||||
Issued on reinvestment of distributions | — | 11,601 | — | 27,446 | ||||||||||||
Redeemed | (28,298 | ) | (69,104 | ) | (20,969 | ) | (46,572 | ) | ||||||||
Total share activity | (26,585 | ) | (51,245 | ) | (5,130 | ) | 6,365 | |||||||||
Class IB | ||||||||||||||||
Sold | 506 | 2,395 | 2,213 | 6,314 | ||||||||||||
Issued on reinvestment of distributions | — | 1,697 | — | 6,168 | ||||||||||||
Redeemed | (5,157 | ) | (15,458 | ) | (5,591 | ) | (17,382 | ) | ||||||||
Total share activity | (4,651 | ) | (11,366 | ) | (3,378 | ) | (4,900 | ) | ||||||||
The accompanying notes are an integral part of these financial statements.
198
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||||||
Disciplined Equity | Dividend and Growth | Equity Income | Fundamental Growth | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | �� | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | ||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 8,366 | $ | 16,289 | $ | 50,467 | $ | 129,268 | $ | 4,029 | $ | 10,917 | $ | 171 | $ | 345 | |||||||||||||||||
(117,870 | ) | (218,077 | ) | (481,631 | ) | (264,886 | ) | (40,559 | ) | (9,496 | ) | (10,297 | ) | (20,013 | ) | |||||||||||||||||
152,529 | (458,548 | ) | 519,199 | (2,110,000 | ) | 27,526 | (123,062 | ) | 15,660 | (23,193 | ) | |||||||||||||||||||||
43,025 | (660,336 | ) | 88,035 | (2,245,618 | ) | (9,004 | ) | (121,641 | ) | 5,534 | (42,861 | ) | ||||||||||||||||||||
— | (14,060 | ) | — | (108,479 | ) | — | (9,570 | ) | — | (145 | ) | |||||||||||||||||||||
— | (2,093 | ) | — | (20,732 | ) | — | (1,431 | ) | — | — | ||||||||||||||||||||||
— | (120,237 | ) | — | (102,838 | ) | — | (19,944 | ) | — | (6,480 | ) | |||||||||||||||||||||
— | (25,188 | ) | — | (24,561 | ) | — | (3,405 | ) | — | (3,226 | ) | |||||||||||||||||||||
— | (161,578 | ) | — | (256,610 | ) | — | (34,350 | ) | — | (9,851 | ) | |||||||||||||||||||||
34,769 | 98,985 | 183,692 | 550,662 | 17,001 | 38,100 | 6,755 | 37,812 | |||||||||||||||||||||||||
— | 134,297 | — | 211,317 | — | 29,514 | — | 6,625 | |||||||||||||||||||||||||
(71,159 | ) | (249,432 | ) | (300,728 | ) | (946,202 | ) | (24,402 | ) | (87,980 | ) | (6,140 | ) | (33,217 | ) | |||||||||||||||||
(36,390 | ) | (16,150 | ) | (117,036 | ) | (184,223 | ) | (7,401 | ) | (20,366 | ) | 615 | 11,220 | |||||||||||||||||||
6,161 | 19,992 | 22,529 | 106,679 | 4,096 | 8,095 | 2,660 | 13,636 | |||||||||||||||||||||||||
— | 27,281 | — | 45,293 | — | 4,836 | — | 3,226 | |||||||||||||||||||||||||
(19,594 | ) | (81,091 | ) | (84,847 | ) | (403,920 | ) | (6,733 | ) | (24,825 | ) | (3,306 | ) | (15,706 | ) | |||||||||||||||||
(13,433 | ) | (33,818 | ) | (62,318 | ) | (251,948 | ) | (2,637 | ) | (11,894 | ) | (646 | ) | 1,156 | ||||||||||||||||||
(49,823 | ) | (49,968 | ) | (179,354 | ) | (436,171 | ) | (10,038 | ) | (32,260 | ) | (31 | ) | 12,376 | ||||||||||||||||||
(6,798 | ) | (871,882 | ) | (91,319 | ) | (2,938,399 | ) | (19,042 | ) | (188,251 | ) | 5,503 | (40,336 | ) | ||||||||||||||||||
1,034,647 | 1,906,529 | 4,405,752 | 7,344,151 | 274,862 | 463,113 | 53,685 | 94,021 | |||||||||||||||||||||||||
$ | 1,027,849 | $ | 1,034,647 | $ | 4,314,433 | $ | 4,405,752 | $ | 255,820 | $ | 274,862 | $ | 59,188 | $ | 53,685 | |||||||||||||||||
$ | 9,920 | $ | 1,554 | $ | 57,324 | $ | 6,857 | $ | 4,922 | $ | 893 | $ | 514 | $ | 343 | |||||||||||||||||
4,257 | 8,609 | 13,523 | 29,615 | 2,073 | 3,241 | 1,094 | 3,844 | |||||||||||||||||||||||||
— | 11,409 | — | 12,502 | — | 2,670 | — | 680 | |||||||||||||||||||||||||
(8,903 | ) | (21,365 | ) | (22,952 | ) | (51,011 | ) | (3,038 | ) | (7,468 | ) | (1,072 | ) | (3,872 | ) | |||||||||||||||||
(4,646 | ) | (1,347 | ) | (9,429 | ) | (8,894 | ) | (965 | ) | (1,557 | ) | 22 | 652 | |||||||||||||||||||
751 | 1,607 | 1,664 | 5,386 | 493 | 714 | 429 | 1,428 | |||||||||||||||||||||||||
— | 2,304 | — | 2,633 | — | 434 | — | 333 | |||||||||||||||||||||||||
(2,477 | ) | (6,909 | ) | (6,428 | ) | (21,227 | ) | (830 | ) | (2,091 | ) | (563 | ) | (1,816 | ) | |||||||||||||||||
(1,726 | ) | (2,998 | ) | (4,764 | ) | (13,208 | ) | (337 | ) | (943 | ) | (134 | ) | (55 | ) | |||||||||||||||||
199
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets — (continued)
(000’s Omitted)
(000’s Omitted)
Hartford | Hartford | |||||||||||||||
Global Advisers | Global Equity | |||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the | For the | |||||||||||||||
Six-Month | Six-Month | |||||||||||||||
Period Ended | For the Year | Period Ended | For the Period | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | January 31, 2008* | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | through December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 1,977 | $ | 5,756 | $ | 710 | $ | 534 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (29,667 | ) | (28,992 | ) | (17,805 | ) | (18,093 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 40,112 | (98,438 | ) | 25,274 | (28,474 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 12,422 | (121,674 | ) | 8,179 | (46,033 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (11,289 | ) | — | (354 | ) | ||||||||||
Class IB | — | (2,077 | ) | — | (194 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (4,823 | ) | — | — | |||||||||||
Class IB | — | (1,018 | ) | — | — | |||||||||||
From tax-return of capital | ||||||||||||||||
Class IA | — | — | — | (99 | ) | |||||||||||
Class IB | — | — | — | (63 | ) | |||||||||||
Total distributions | — | (19,207 | ) | — | (710 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 9,338 | 39,422 | 6,042 | 24,228 | ||||||||||||
Issued in merger | — | — | — | 84,930 | ||||||||||||
Issued on reinvestment of distributions | — | 16,112 | — | 453 | ||||||||||||
Redeemed | (27,069 | ) | (68,531 | ) | (8,176 | ) | (31,777 | ) | ||||||||
Total capital share transactions | (17,731 | ) | (12,997 | ) | (2,134 | ) | 77,834 | |||||||||
Class IB | ||||||||||||||||
Sold | 3,137 | 16,785 | 3,189 | 3,470 | ||||||||||||
Issued in merger | — | — | — | 51,765 | ||||||||||||
Issued on reinvestment of distributions | — | 3,095 | — | 257 | ||||||||||||
Redeemed | (6,684 | ) | (27,104 | ) | (6,310 | ) | (6,948 | ) | ||||||||
Total capital share transactions | (3,547 | ) | (7,224 | ) | (3,121 | ) | 48,544 | |||||||||
Net increase (decrease) from capital share transactions | (21,278 | ) | (20,221 | ) | (5,255 | ) | 126,378 | |||||||||
Net increase (decrease) in net assets | (8,856 | ) | (161,102 | ) | 2,924 | 79,635 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 223,120 | 384,222 | 79,635 | — | ||||||||||||
End of period | $ | 214,264 | $ | 223,120 | $ | 82,559 | $ | 79,635 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 1,658 | $ | (319 | ) | $ | 700 | $ | (10 | ) | ||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 1,109 | 3,217 | 940 | 2,566 | ||||||||||||
Issued in merger | — | — | — | 9,003 | ||||||||||||
Issued on reinvestment of distributions | — | 1,701 | — | 73 | ||||||||||||
Redeemed | (3,263 | ) | (6,232 | ) | (1,399 | ) | (3,743 | ) | ||||||||
Total share activity | (2,154 | ) | (1,314 | ) | (459 | ) | 7,899 | |||||||||
Class IB | ||||||||||||||||
Sold | 370 | 1,393 | 506 | 431 | ||||||||||||
Issued in merger | — | — | — | 5,495 | ||||||||||||
Issued on reinvestment of distributions | — | 324 | — | 42 | ||||||||||||
Redeemed | (805 | ) | (2,404 | ) | (1,092 | ) | (924 | ) | ||||||||
Total share activity | (435 | ) | (687 | ) | (586 | ) | 5,044 | |||||||||
* | Commencement of operations. |
The accompanying notes are an integral part of these financial statements.
200
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||||||
Global Growth | Global Health | Growth | Growth Opportunities | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 2,846 | $ | 5,780 | $ | 530 | $ | 1,136 | $ | 804 | $ | 822 | $ | 3,110 | $ | 5,544 | |||||||||||||||||
(111,667 | ) | (152,347 | ) | (30,465 | ) | 10,135 | (58,144 | ) | (39,600 | ) | (189,609 | ) | (261,459 | ) | ||||||||||||||||||
151,887 | (487,908 | ) | 28,611 | (104,154 | ) | 84,581 | (182,874 | ) | 218,308 | (494,265 | ) | |||||||||||||||||||||
43,066 | (634,475 | ) | (1,324 | ) | (92,883 | ) | 27,241 | (221,652 | ) | 31,809 | (750,180 | ) | ||||||||||||||||||||
— | (4,785 | ) | — | (1,001 | ) | — | (748 | ) | — | (4,411 | ) | |||||||||||||||||||||
— | (775 | ) | — | (132 | ) | — | — | — | (203 | ) | ||||||||||||||||||||||
— | (29,584 | ) | — | (11,812 | ) | — | (10,810 | ) | — | (45,855 | ) | |||||||||||||||||||||
— | (8,357 | ) | — | (4,194 | ) | — | (4,725 | ) | — | (8,404 | ) | |||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | (43,501 | ) | — | (17,139 | ) | — | (16,283 | ) | — | (58,873 | ) | |||||||||||||||||||||
13,657 | 71,448 | 9,380 | 31,638 | 15,056 | 53,023 | 56,200 | 216,584 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | 34,369 | — | 12,813 | — | 11,558 | — | 50,266 | |||||||||||||||||||||||||
(43,444 | ) | (184,771 | ) | (47,787 | ) | (73,289 | ) | (27,929 | ) | (84,088 | ) | (69,387 | ) | (243,707 | ) | |||||||||||||||||
(29,787 | ) | (78,954 | ) | (38,407 | ) | (28,838 | ) | (12,873 | ) | (19,507 | ) | (13,187 | ) | 23,143 | ||||||||||||||||||
5,401 | 31,692 | 3,619 | 14,778 | 3,834 | 21,162 | 9,466 | 55,321 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | 9,132 | — | 4,326 | — | 4,725 | — | 8,607 | |||||||||||||||||||||||||
(14,694 | ) | (81,116 | ) | (8,745 | ) | (34,536 | ) | (14,962 | ) | (61,704 | ) | (18,581 | ) | (94,271 | ) | |||||||||||||||||
(9,293 | ) | (40,292 | ) | (5,126 | ) | (15,432 | ) | (11,128 | ) | (35,817 | ) | (9,115 | ) | 30,343 | ||||||||||||||||||
(39,080 | ) | (119,246 | ) | (43,533 | ) | (44,270 | ) | (24,001 | ) | (55,324 | ) | (22,302 | ) | (7,200 | ) | |||||||||||||||||
3,986 | (797,222 | ) | (44,857 | ) | (154,292 | ) | 3,240 | (293,259 | ) | 9,507 | (816,253 | ) | ||||||||||||||||||||
531,409 | 1,328,631 | 241,167 | 395,459 | 285,713 | 578,972 | 876,781 | 1,693,034 | |||||||||||||||||||||||||
$ | 535,395 | $ | 531,409 | $ | 196,310 | $ | 241,167 | $ | 288,953 | $ | 285,713 | $ | 886,288 | $ | 876,781 | |||||||||||||||||
$ | 3,116 | $ | 270 | $ | 606 | $ | 76 | $ | 947 | $ | 143 | $ | 3,698 | $ | 588 | |||||||||||||||||
1,332 | 4,465 | 917 | 2,280 | 2,002 | 4,967 | 3,457 | 8,780 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | 2,004 | — | 1,192 | — | 968 | — | 1,860 | |||||||||||||||||||||||||
(4,428 | ) | (11,158 | ) | (4,856 | ) | (5,478 | ) | (3,768 | ) | (7,898 | ) | (4,337 | ) | (9,712 | ) | |||||||||||||||||
(3,096 | ) | (4,689 | ) | (3,939 | ) | (2,006 | ) | (1,766 | ) | (1,963 | ) | (880 | ) | 928 | ||||||||||||||||||
528 | 1,976 | 364 | 1,076 | 518 | 1,963 | 588 | 2,152 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | 513 | — | 410 | — | 389 | — | 309 | |||||||||||||||||||||||||
(1,504 | ) | (4,866 | ) | (892 | ) | (2,559 | ) | (2,020 | ) | (5,748 | ) | (1,159 | ) | (3,689 | ) | |||||||||||||||||
(976 | ) | (2,377 | ) | (528 | ) | (1,073 | ) | (1,502 | ) | (3,396 | ) | (571 | ) | (1,228 | ) | |||||||||||||||||
201
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets — (continued)
(000’s Omitted)
(000’s Omitted)
Hartford High Yield | Hartford Index | |||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the | For the | |||||||||||||||
Six-Month | Six-Month | |||||||||||||||
Period Ended | For the Year | Period Ended | For the | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 25,462 | $ | 51,455 | $ | 8,876 | $ | 25,142 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (40,614 | ) | (104,088 | ) | (16,916 | ) | (1,579 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 110,464 | (96,993 | ) | 28,367 | (576,370 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 95,312 | (149,626 | ) | 20,327 | (552,807 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (36,994 | ) | — | (21,266 | ) | ||||||||||
Class IB | — | (15,413 | ) | — | (3,640 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | — | — | (24,970 | ) | |||||||||||
Class IB | — | — | — | (4,911 | ) | |||||||||||
From tax-return of capital | ||||||||||||||||
Class IA | — | — | — | — | ||||||||||||
Class IB | — | — | — | — | ||||||||||||
Total distributions | — | (52,407 | ) | — | (54,787 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 104,566 | 75,111 | 58,065 | 82,038 | ||||||||||||
Issued on reinvestment of distributions | — | 36,994 | — | 46,236 | ||||||||||||
Redeemed | (52,280 | ) | (137,520 | ) | (90,461 | ) | (292,603 | ) | ||||||||
Total capital share transactions | 52,286 | (25,415 | ) | (32,396 | ) | (164,329 | ) | |||||||||
Class IB | ||||||||||||||||
Sold | 35,375 | 34,771 | 13,175 | 41,948 | ||||||||||||
Issued on reinvestment of distributions | — | 15,413 | — | 8,551 | ||||||||||||
Redeemed | (27,772 | ) | (87,247 | ) | (18,709 | ) | (85,275 | ) | ||||||||
Total capital share transactions | 7,603 | (37,063 | ) | (5,534 | ) | (34,776 | ) | |||||||||
Net increase (decrease) from capital share transactions | 59,889 | (62,478 | ) | (37,930 | ) | (199,105 | ) | |||||||||
Net increase (decrease) in net assets | 155,201 | (264,511 | ) | (17,603 | ) | (806,699 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 418,444 | 682,955 | 856,095 | 1,662,794 | ||||||||||||
End of period | $ | 573,645 | $ | 418,444 | $ | 838,492 | $ | 856,095 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 26,731 | $ | 1,269 | $ | 10,318 | $ | 1,442 | ||||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 16,504 | 9,534 | 3,323 | 3,273 | ||||||||||||
Issued on reinvestment of distributions | — | 6,801 | — | 2,143 | ||||||||||||
Redeemed | (8,349 | ) | (16,982 | ) | (5,266 | ) | (11,223 | ) | ||||||||
Total share activity | 8,155 | (647 | ) | (1,943 | ) | (5,807 | ) | |||||||||
Class IB | ||||||||||||||||
Sold | 5,612 | 4,423 | 747 | 1,603 | ||||||||||||
Issued on reinvestment of distributions | — | 2,855 | — | 394 | ||||||||||||
Redeemed | (4,479 | ) | (10,679 | ) | (1,073 | ) | (3,274 | ) | ||||||||
Total share activity | 1,133 | (3,401 | ) | (326 | ) | (1,277 | ) | |||||||||
The accompanying notes are an integral part of these financial statements.
202
Table of Contents
Hartford International | Hartford International | Hartford International | Hartford LargeCap | |||||||||||||||||||||||||||||
Growth HLS Fund | Opportunities HLS Fund | Small Company HLS Fund | Growth HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 4,877 | $ | 9,142 | $ | 16,537 | $ | 40,227 | $ | 1,547 | $ | 4,749 | $ | 461 | $ | 1,010 | |||||||||||||||||
(29,959 | ) | (427,664 | ) | (164,448 | ) | (443,960 | ) | (47,311 | ) | (80,252 | ) | (13,800 | ) | (42,135 | ) | |||||||||||||||||
35,741 | (171,636 | ) | 232,007 | (574,964 | ) | 60,195 | (79,532 | ) | 23,479 | (27,030 | ) | |||||||||||||||||||||
10,659 | (590,158 | ) | 84,096 | (978,697 | ) | 14,431 | (155,035 | ) | 10,140 | (68,155 | ) | |||||||||||||||||||||
— | (5,176 | ) | — | (33,867 | ) | — | (2,518 | ) | — | (1,044 | ) | |||||||||||||||||||||
— | (1,376 | ) | — | (5,334 | ) | — | (585 | ) | — | (22 | ) | |||||||||||||||||||||
— | (30,379 | ) | — | (67,380 | ) | — | (6,945 | ) | — | — | ||||||||||||||||||||||
— | (11,747 | ) | — | (13,034 | ) | — | (2,190 | ) | — | — | ||||||||||||||||||||||
— | — | — | — | — | — | — | (16,801 | ) | ||||||||||||||||||||||||
— | — | — | — | — | — | — | (37 | ) | ||||||||||||||||||||||||
— | (48,678 | ) | — | (119,615 | ) | — | (12,238 | ) | — | (17,904 | ) | |||||||||||||||||||||
15,308 | 98,925 | 46,503 | 203,674 | 7,949 | 36,629 | 8,938 | 10,513 | |||||||||||||||||||||||||
— | 35,555 | — | 101,247 | — | 9,463 | — | 17,845 | |||||||||||||||||||||||||
(40,977 | ) | (172,120 | ) | (103,436 | ) | (365,227 | ) | (18,683 | ) | (97,618 | ) | (9,165 | ) | (26,940 | ) | |||||||||||||||||
(25,669 | ) | (37,640 | ) | (56,933 | ) | (60,306 | ) | (10,734 | ) | (51,526 | ) | (227 | ) | 1,418 | ||||||||||||||||||
6,032 | 30,332 | 18,751 | 49,255 | 4,651 | 11,458 | 2,859 | 2,705 | |||||||||||||||||||||||||
— | 13,123 | — | 18,368 | — | 2,775 | — | 59 | |||||||||||||||||||||||||
(27,176 | ) | (93,474 | ) | (26,001 | ) | (117,772 | ) | (7,069 | ) | (40,614 | ) | (1,540 | ) | (331 | ) | |||||||||||||||||
(21,144 | ) | (50,019 | ) | (7,250 | ) | (50,149 | ) | (2,418 | ) | (26,381 | ) | 1,319 | 2,433 | |||||||||||||||||||
(46,813 | ) | (87,659 | ) | (64,183 | ) | (110,455 | ) | (13,152 | ) | (77,907 | ) | 1,092 | 3,851 | |||||||||||||||||||
(36,154 | ) | (726,495 | ) | 19,913 | (1,208,767 | ) | 1,279 | (245,180 | ) | 11,232 | (82,208 | ) | ||||||||||||||||||||
402,009 | 1,128,504 | 1,235,455 | 2,444,222 | 172,860 | 418,040 | 89,357 | 171,565 | |||||||||||||||||||||||||
$ | 365,855 | $ | 402,009 | $ | 1,255,368 | $ | 1,235,455 | $ | 174,139 | $ | 172,860 | $ | 100,589 | $ | 89,357 | |||||||||||||||||
$ | 5,287 | $ | 410 | $ | 17,828 | $ | 1,291 | $ | 1,556 | $ | 9 | $ | 481 | $ | 20 | |||||||||||||||||
2,734 | 9,267 | 5,729 | 16,513 | 963 | 2,762 | 901 | 785 | |||||||||||||||||||||||||
— | 3,502 | — | 8,948 | — | 805 | — | 1,137 | |||||||||||||||||||||||||
(7,591 | ) | (17,407 | ) | (13,379 | ) | (30,701 | ) | (2,470 | ) | (8,188 | ) | (937 | ) | (1,778 | ) | |||||||||||||||||
(4,857 | ) | (4,638 | ) | (7,650 | ) | (5,240 | ) | (1,507 | ) | (4,621 | ) | (36 | ) | 144 | ||||||||||||||||||
1,077 | 3,065 | 2,198 | 3,955 | 548 | 883 | 287 | 248 | |||||||||||||||||||||||||
— | 1,258 | — | 1,571 | — | 230 | — | 4 | |||||||||||||||||||||||||
(4,974 | ) | (9,093 | ) | (3,318 | ) | (9,716 | ) | (937 | ) | (3,429 | ) | (155 | ) | (28 | ) | |||||||||||||||||
(3,897 | ) | (4,770 | ) | (1,120 | ) | (4,190 | ) | (389 | ) | (2,316 | ) | 132 | 224 | |||||||||||||||||||
203
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets — (continued)
(000’s Omitted)
(000’s Omitted)
Hartford | ||||||||||||||||
Hartford | MidCap Growth | |||||||||||||||
MidCap | HLS Fund | |||||||||||||||
HLS Fund | For the | |||||||||||||||
For the | Six-Month | |||||||||||||||
Six-Month Period Ended | For the Year | Period Ended | For the | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 4,505 | $ | 11,874 | $ | 91 | $ | 253 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (268,046 | ) | (275,469 | ) | (6,051 | ) | (20,259 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 370,113 | (733,451 | ) | 16,397 | (12,583 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 106,572 | (997,046 | ) | 10,437 | (32,589 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (11,518 | ) | — | (198 | ) | ||||||||||
Class IB | — | (662 | ) | — | (34 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (107,439 | ) | — | (479 | ) | ||||||||||
Class IB | — | (11,813 | ) | — | (10 | ) | ||||||||||
Total distributions | — | (131,432 | ) | — | (721 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 101,028 | 202,668 | 29,761 | 33,954 | ||||||||||||
Issued on reinvestment of distributions | — | 118,957 | — | 677 | ||||||||||||
Redeemed | (133,988 | ) | (468,346 | ) | (8,559 | ) | (17,842 | ) | ||||||||
Total capital share transactions | (32,960 | ) | (146,721 | ) | 21,202 | 16,789 | ||||||||||
Class IB | ||||||||||||||||
Sold | 12,512 | 39,487 | 10,920 | 14,890 | ||||||||||||
Issued on reinvestment of distributions | — | 12,475 | — | 44 | ||||||||||||
Redeemed | (36,717 | ) | (73,130 | ) | (4,290 | ) | (2,460 | ) | ||||||||
Total capital share transactions | (24,205 | ) | (21,168 | ) | 6,630 | 12,474 | ||||||||||
Net increase (decrease) from capital share transactions | (57,165 | ) | (167,889 | ) | 27,832 | 29,263 | ||||||||||
Net increase (decrease) in net assets | 49,407 | (1,296,367 | ) | 38,269 | (4,047 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 1,722,069 | 3,018,436 | 47,149 | 51,196 | ||||||||||||
End of period | $ | 1,771,476 | $ | 1,722,069 | $ | 85,418 | $ | 47,149 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 5,395 | $ | 890 | $ | 98 | $ | 7 | ||||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 6,362 | 9,224 | 5,176 | 4,435 | ||||||||||||
Issued on reinvestment of distributions | — | 4,954 | — | 87 | ||||||||||||
Redeemed | (8,690 | ) | (21,500 | ) | (1,575 | ) | (2,346 | ) | ||||||||
Total share activity | (2,328 | ) | (7,322 | ) | 3,601 | 2,176 | ||||||||||
Class IB | ||||||||||||||||
Sold | 800 | 1,775 | 1,906 | 2,006 | ||||||||||||
Issued on reinvestment of distributions | — | 512 | — | 8 | ||||||||||||
Redeemed | (2,407 | ) | (3,327 | ) | (772 | ) | (383 | ) | ||||||||
Total share activity | (1,607 | ) | (1,040 | ) | 1,134 | 1,631 | ||||||||||
The accompanying notes are an integral part of these financial statements.
204
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||||||
MidCap Value | Money Market | Small Company | SmallCap Growth | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 1,687 | $ | 4,924 | $ | 860 | $ | 78,080 | $ | (344 | ) | $ | 1,524 | $ | (285 | ) | $ | 1,213 | |||||||||||||||
(68,144 | ) | (107,370 | ) | 3 | (13,032 | ) | (187,902 | ) | (297,169 | ) | (68,098 | ) | (144,712 | ) | ||||||||||||||||||
103,504 | (227,771 | ) | — | — | 240,678 | (377,603 | ) | 105,195 | (144,401 | ) | ||||||||||||||||||||||
37,047 | (330,217 | ) | 863 | 65,048 | 52,432 | (673,248 | ) | 36,812 | (287,900 | ) | ||||||||||||||||||||||
— | (3,163 | ) | (848 | ) | (65,065 | ) | — | (1,145 | ) | — | (2,112 | ) | ||||||||||||||||||||
— | (837 | ) | (12 | ) | (11,060 | ) | — | — | — | (532 | ) | |||||||||||||||||||||
— | (103,240 | ) | — | — | — | (3,860 | ) | — | (3,717 | ) | ||||||||||||||||||||||
— | (45,610 | ) | — | — | — | (935 | ) | — | (1,367 | ) | ||||||||||||||||||||||
— | (152,850 | ) | (860 | ) | (76,125 | ) | — | (5,940 | ) | — | (7,728 | ) | ||||||||||||||||||||
2,962 | 49,251 | 946,707 | 4,105,607 | 110,863 | 264,282 | 20,840 | 55,867 | |||||||||||||||||||||||||
— | 106,403 | 795 | 64,851 | — | 5,005 | — | 5,829 | |||||||||||||||||||||||||
(36,670 | ) | (135,202 | ) | (1,651,711 | ) | (1,958,058 | ) | (62,750 | ) | (216,867 | ) | (28,271 | ) | (153,270 | ) | |||||||||||||||||
(33,708 | ) | 20,452 | (704,209 | ) | 2,212,400 | 48,113 | 52,420 | (7,431 | ) | (91,574 | ) | |||||||||||||||||||||
1,131 | 12,063 | 194,413 | 765,243 | 18,466 | 102,296 | 9,141 | 27,209 | |||||||||||||||||||||||||
— | 46,447 | 9 | 11,013 | — | 935 | — | 1,899 | |||||||||||||||||||||||||
(16,197 | ) | (81,448 | ) | (286,711 | ) | (453,017 | ) | (28,508 | ) | (109,193 | ) | (11,940 | ) | (62,026 | ) | |||||||||||||||||
(15,066 | ) | (22,938 | ) | (92,289 | ) | 323,239 | (10,042 | ) | (5,962 | ) | (2,799 | ) | (32,918 | ) | ||||||||||||||||||
(48,774 | ) | (2,486 | ) | (796,498 | ) | 2,535,639 | 38,071 | 46,458 | (10,230 | ) | (124,492 | ) | ||||||||||||||||||||
(11,727 | ) | (485,553 | ) | (796,495 | ) | 2,524,562 | 90,503 | (632,730 | ) | 26,582 | (420,120 | ) | ||||||||||||||||||||
430,379 | 915,932 | 5,201,662 | 2,677,100 | 972,489 | 1,605,219 | 448,157 | 868,277 | |||||||||||||||||||||||||
$ | 418,652 | $ | 430,379 | $ | 4,405,167 | $ | 5,201,662 | $ | 1,062,992 | $ | 972,489 | $ | 474,739 | $ | 448,157 | |||||||||||||||||
$ | 2,446 | $ | 759 | $ | 1,955 | $ | 1,955 | $ | (349 | ) | $ | (5 | ) | $ | 120 | $ | 405 | |||||||||||||||
508 | 5,084 | 946,707 | 4,105,606 | 10,572 | 17,252 | 1,866 | 3,536 | |||||||||||||||||||||||||
— | 12,605 | 795 | 64,851 | — | 331 | — | 364 | |||||||||||||||||||||||||
(6,747 | ) | (15,662 | ) | (1,651,711 | ) | (1,958,057 | ) | (6,127 | ) | (14,953 | ) | (2,614 | ) | (9,427 | ) | |||||||||||||||||
(6,239 | ) | 2,027 | (704,209 | ) | 2,212,400 | 4,445 | 2,630 | (748 | ) | (5,527 | ) | |||||||||||||||||||||
198 | 1,239 | 194,413 | 765,243 | 1,794 | 6,753 | 803 | 1,653 | |||||||||||||||||||||||||
— | 5,501 | 9 | 11,013 | — | 55 | — | 112 | |||||||||||||||||||||||||
(2,967 | ) | (9,022 | ) | (286,711 | ) | (453,017 | ) | (2,824 | ) | (7,310 | ) | (1,102 | ) | (3,910 | ) | |||||||||||||||||
(2,769 | ) | (2,282 | ) | (92,289 | ) | 323,239 | (1,030 | ) | (502 | ) | (299 | ) | (2,145 | ) | ||||||||||||||||||
205
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets — (continued)
(000’s Omitted)
(000’s Omitted)
Hartford | Hartford | |||||||||||||||
SmallCap Value | Stock | |||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the | For the | |||||||||||||||
Six-Month | Six-Month | |||||||||||||||
Period Ended | For the Year | Period Ended | For the | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 349 | $ | 1,147 | $ | 16,168 | $ | 45,411 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (8,309 | ) | (10,638 | ) | (515,243 | ) | (704,495 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 8,537 | (14,981 | ) | 719,640 | (1,106,715 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 577 | (24,472 | ) | 220,565 | (1,765,799 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (898 | ) | — | (55,854 | ) | ||||||||||
Class IB | — | (42 | ) | — | (7,717 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (619 | ) | — | (17,986 | ) | ||||||||||
Class IB | — | (3 | ) | — | (2,943 | ) | ||||||||||
Total distributions | — | (1,562 | ) | — | (84,500 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 9,429 | 22,815 | 25,166 | 99,200 | ||||||||||||
Issued in merger | — | — | — | — | ||||||||||||
Issued on reinvestment of distributions | — | 1,517 | — | 73,840 | ||||||||||||
Redeemed | (8,511 | ) | (22,636 | ) | (189,769 | ) | (679,323 | ) | ||||||||
Total capital share transactions | 918 | 1,696 | (164,603 | ) | (506,283 | ) | ||||||||||
Class IB | ||||||||||||||||
Sold | 2,879 | 5,425 | 9,336 | 38,771 | ||||||||||||
Issued in merger | — | — | — | — | ||||||||||||
Issued on reinvestment of distributions | — | 45 | — | 10,660 | ||||||||||||
Redeemed | (1,490 | ) | (2,176 | ) | (35,620 | ) | (156,074 | ) | ||||||||
Total capital share transactions | 1,389 | 3,294 | (26,284 | ) | (106,643 | ) | ||||||||||
Net increase (decrease) from capital share transactions | 2,307 | 4,990 | (190,887 | ) | (612,926 | ) | ||||||||||
Net increase (decrease) in net assets | 2,884 | (21,044 | ) | 29,678 | (2,463,225 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 61,091 | 82,135 | 2,098,658 | 4,561,883 | ||||||||||||
End of period | $ | 63,975 | $ | 61,091 | $ | 2,128,336 | $ | 2,098,658 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 556 | $ | 207 | $ | 19,572 | $ | 3,404 | ||||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 1,395 | 2,533 | 988 | 2,511 | ||||||||||||
Issued in merger | — | — | — | — | ||||||||||||
Issued on reinvestment of distributions | — | 190 | — | 2,504 | ||||||||||||
Redeemed | (1,310 | ) | (2,481 | ) | (7,643 | ) | (17,972 | ) | ||||||||
Total share activity | 85 | 242 | (6,655 | ) | (12,957 | ) | ||||||||||
Class IB | ||||||||||||||||
Sold | 425 | 630 | 357 | 979 | ||||||||||||
Issued in merger | — | — | — | — | ||||||||||||
Issued on reinvestment of distributions | — | 6 | — | 356 | ||||||||||||
Redeemed | (230 | ) | (264 | ) | (1,425 | ) | (4,089 | ) | ||||||||
Total share activity | 195 | 372 | (1,068 | ) | (2,754 | ) | ||||||||||
The accompanying notes are an integral part of these financial statements.
206
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||||||
Total Return Bond | U.S. Government Securities | Value | Value Opportunities | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 98,185 | $ | 238,177 | $ | 28,762 | $ | 61,052 | $ | 2,651 | $ | 7,039 | $ | 1,473 | $ | 5,413 | |||||||||||||||||
(156,213 | ) | (191,862 | ) | (5,692 | ) | 12,351 | (35,187 | ) | (15,757 | ) | (50,051 | ) | (104,532 | ) | ||||||||||||||||||
328,451 | (390,429 | ) | (14,048 | ) | (87,889 | ) | 37,503 | (147,204 | ) | 76,749 | (102,911 | ) | ||||||||||||||||||||
270,423 | (344,114 | ) | 9,022 | (14,486 | ) | 4,967 | (155,922 | ) | 28,171 | (202,030 | ) | |||||||||||||||||||||
— | (229,728 | ) | — | (90,757 | ) | — | (5,443 | ) | — | (5,878 | ) | |||||||||||||||||||||
— | (52,707 | ) | — | (23,756 | ) | — | (1,368 | ) | — | (1,188 | ) | |||||||||||||||||||||
— | — | — | — | — | (19,448 | ) | — | (2,173 | ) | |||||||||||||||||||||||
— | — | — | — | — | (6,202 | ) | — | (539 | ) | |||||||||||||||||||||||
— | (282,435 | ) | — | (114,513 | ) | — | (32,461 | ) | — | (9,778 | ) | |||||||||||||||||||||
374,273 | 770,573 | 128,521 | 408,877 | 19,605 | 92,740 | 11,813 | 33,836 | |||||||||||||||||||||||||
— | — | — | 280,383 | — | — | — | — | |||||||||||||||||||||||||
— | 229,728 | — | 90,757 | — | 24,891 | — | 8,051 | |||||||||||||||||||||||||
(348,303 | ) | (790,149 | ) | (245,063 | ) | (360,139 | ) | (25,710 | ) | (85,040 | ) | (26,467 | ) | (127,764 | ) | |||||||||||||||||
25,970 | 210,152 | (116,542 | ) | 419,878 | (6,105 | ) | 32,591 | (14,654 | ) | (85,877 | ) | |||||||||||||||||||||
62,741 | 148,834 | 26,835 | 92,738 | 2,760 | 12,190 | 4,389 | 12,548 | |||||||||||||||||||||||||
— | — | — | 86,403 | — | — | — | — | |||||||||||||||||||||||||
— | 52,707 | — | 23,756 | — | 7,570 | — | 1,727 | |||||||||||||||||||||||||
(106,387 | ) | (371,685 | ) | (69,799 | ) | (139,510 | ) | (8,899 | ) | (42,510 | ) | (8,786 | ) | (47,321 | ) | |||||||||||||||||
(43,646 | ) | (170,144 | ) | (42,964 | ) | 63,387 | (6,139 | ) | (22,750 | ) | (4,397 | ) | (33,046 | ) | ||||||||||||||||||
(17,676 | ) | 40,008 | (159,506 | ) | 483,265 | (12,244 | ) | 9,841 | (19,051 | ) | (118,923 | ) | ||||||||||||||||||||
252,747 | (586,541 | ) | (150,484 | ) | 354,266 | (7,277 | ) | (178,542 | ) | 9,120 | (330,731 | ) | ||||||||||||||||||||
3,908,499 | 4,495,040 | 1,577,288 | 1,223,022 | 280,798 | 459,340 | 247,830 | 578,561 | |||||||||||||||||||||||||
$ | 4,161,246 | $ | 3,908,499 | $ | 1,426,804 | $ | 1,577,288 | $ | 273,521 | $ | 280,798 | $ | 256,950 | $ | 247,830 | |||||||||||||||||
$ | 83,180 | $ | (15,005 | ) | $ | 29,672 | $ | 910 | $ | 3,671 | $ | 1,020 | $ | 1,787 | $ | 314 | ||||||||||||||||
38,289 | 71,178 | 12,535 | 37,289 | 2,681 | 8,236 | 1,321 | 2,692 | |||||||||||||||||||||||||
— | — | — | 26,154 | — | — | — | — | |||||||||||||||||||||||||
— | 24,309 | — | 8,757 | — | 2,427 | — | 827 | |||||||||||||||||||||||||
(35,819 | ) | (73,845 | ) | (23,949 | ) | (33,172 | ) | (3,648 | ) | (8,227 | ) | (3,199 | ) | (10,215 | ) | |||||||||||||||||
2,470 | 21,642 | (11,414 | ) | 39,028 | (967 | ) | 2,436 | (1,878 | ) | (6,696 | ) | |||||||||||||||||||||
6,450 | 13,597 | 2,626 | 8,515 | 379 | 1,098 | 485 | 975 | |||||||||||||||||||||||||
— | — | — | 8,094 | — | — | — | — | |||||||||||||||||||||||||
— | 5,593 | — | 2,298 | — | 729 | — | 174 | |||||||||||||||||||||||||
(11,017 | ) | (34,668 | ) | (6,838 | ) | (12,893 | ) | (1,260 | ) | (3,952 | ) | (1,050 | ) | (3,745 | ) | |||||||||||||||||
(4,567 | ) | (15,478 | ) | (4,212 | ) | 6,014 | (881 | ) | (2,125 | ) | (565 | ) | (2,596 | ) | ||||||||||||||||||
207
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
The Hartford HLS Funds serve as underlying investment options for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates (“HLIC”) and certain qualified retirement plans. Certain Hartford HLS Funds may also serve as underlying investment options for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a “Company” or together the “Companies”) are open-end management investment companies comprised of forty-one portfolios. Thirty portfolios are included in these financial statements. They are Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Equity Income HLS Fund, Hartford Fundamental Growth HLS Fund, Hartford Global Advisers HLS Fund, Hartford Global Equity HLS Fund, Hartford Global Growth HLS Fund, Hartford Global Health HLS Fund, Hartford Growth HLS Fund, Hartford Growth Opportunities HLS Fund, Hartford High Yield HLS Fund, Hartford Index HLS Fund, Hartford International Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford International Small Company HLS Fund, Hartford LargeCap Growth HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Growth HLS Fund, Hartford MidCap Value HLS Fund, Hartford Money Market HLS Fund, Hartford Small Company HLS Fund, Hartford SmallCap Growth HLS Fund, Hartford SmallCap Value HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund, Hartford U.S. Government Securities HLS Fund, Hartford Value HLS Fund and Hartford Value Opportunities HLS Fund (each a “Fund” or together the “Funds”).
The Companies are organized under the laws of the State of Maryland and are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as diversified open-end management investment companies, except for Hartford Global Health HLS Fund, which is non-diversified.
Each Fund is divided into Class IA and Class IB shares. Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except that the Class IB shares are subject to distribution fees charged pursuant to Distribution and Service Plans. These Distribution and Service Plans have been adopted in accordance with Rule 12b-1 of the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. |
Trade date for senior floating rate interests purchased in the primary market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary market is the date on which the transaction is entered into.
Dividend income is accrued as of the ex-dividend date, except that certain dividends for foreign securities where the ex-dividend date may have passed are recorded as soon as the Fund is informed of the dividend in the exercise of reasonable diligence. Interest income, including amortization of premium and accretion of discounts, is accrued on a daily basis.
b) | Security Valuation — Except for Hartford Money Market HLS Fund, the Funds generally use market prices in valuing portfolio securities. If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security as determined in good faith under policies and procedures established by and under the supervision of that Fund’s Board of Directors. Market prices may be deemed unreliable, for example, if a security is thinly traded or if an event has occurred after the close of the security’s primary markets, but before the close of the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time, referred to as the “Valuation Time”) that is expected to affect the value of the portfolio security. The circumstances in which a Fund may use fair value pricing include, among others: (i) the occurrence of events that are significant to a particular issuer, such as mergers, restructuring or defaults; (ii) the occurrence of events that are significant to an entire market, such as natural disasters in a particular region or governmental actions; (iii) trading restrictions on securities; (iv) thinly traded securities and (v) market events such as trading halts and early market closings. In addition, with respect to the valuation of stocks primarily traded on foreign markets, each Fund uses a fair value pricing service approved by that Fund’s Board of Directors, which employs quantitative models that evaluate changes in the value of foreign market proxies (e.g., futures contracts, ADR’s, exchange traded funds (ETF’s)) after the close of the foreign markets but before the close of the Exchange. Securities 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 in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Funds may cause the NAV of their respective shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio security is primarily traded but before the close of the Exchange. There can be no assurance that any Fund could obtain the fair value assigned to a security if the Fund were to sell the security at approximately the time at which that Fund determines its NAV. |
Debt securities (other than short-term obligations and senior floating rate interests) held by the Funds are valued on the basis of valuations furnished by an independent pricing service which determines valuations for normal institutional size trading units of debt securities. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. Securities for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in the securities in accordance with procedures established by that Fund’s Board of Directors. Generally, each Fund may use fair valuation in regard to debt securities when a Fund holds defaulted or distressed securities or securities in a company in which a reorganization is pending. Short-term investments with a maturity of more than 60 days when purchased are valued based on
208
Table of Contents
market quotations until the remaining days to maturity become less than 61 days. The Hartford Money Market HLS Fund’s investments and investments of other Funds that mature in 60 days or less are valued at amortized cost, which approximates fair value.
Exchange traded equity securities shall be valued at the last reported sale price on the exchange or market on which the security is primarily traded (the “Primary Market”) at the Valuation Time. If the security did not trade on the Primary Market, it may be valued at the Valuation Time at the last reported sale price on another exchange where it trades. The value of an equity security not traded on any exchange but traded on the Nasdaq Stock Market, Inc. (“Nasdaq”) or another OTC market shall be valued at the last reported sale price or official closing price on the exchange or market on which the security is traded as of the Valuation Time. If it is not possible to determine the last reported sale price or official closing price on the relevant exchange or market at the Valuation Time, the value of the security shall be taken to be the most recent mean between bid and asked prices on such exchange or market at the Valuation Time.
Securities of foreign issuers and non-dollar securities are translated from the local currency into U.S. dollars using prevailing exchange rates.
Options contracts on securities, currencies, indexes, futures contracts, commodities and other instruments shall be valued at their most recent sales price at the Valuation Time on the Primary Market on which the instrument is traded. If the instrument did not trade on the Primary Market, it may be valued at the most recent sales price at the Valuation Time on another exchange or market where it did trade.
Futures contracts are valued at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively. If a settlement price is not available, futures contracts will be valued at the most recent trade price as of the Valuation Time. If there were no trades, the contract shall be valued at the mean of the closing bid/ask prices as of the Valuation Time.
Financial instruments for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in securities in accordance with procedures established by the Funds’ Board of Directors.
A forward currency contract shall be valued based on the price of the underlying currency at the prevailing interpolated exchange rate, which is a combination of the spot currency rate and the forward currency rate. Spot currency rates and forward currency rates are obtained from an independent pricing service on a daily basis not more than one hour before the Valuation Time.
Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Funds’ Board of Directors.
Other derivative or contractual type instruments shall be valued using market prices if such instruments trade on an exchange or market. If such instruments do not trade on an exchange or market, such instruments shall be valued at a price at which the counterparty to such contract would repurchase the instrument. In the event that the counterparty cannot provide a price, such valuation may be determined in accordance with procedures established by the Funds’ Board of Directors.
Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the valuation date.
c) | Foreign Currency Transactions — The accounting records of the Funds are maintained in U.S. dollars. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at the prevailing exchange rates. Purchases and sales of investment securities, dividend and interest income and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. |
The Funds do not isolate that portion of portfolio security valuation resulting from fluctuations in the foreign currency exchange rates on portfolio securities from the fluctuations arising from changes in the market prices of securities held. Such 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.
d) | Securities Lending — The Funds, except for the Hartford Money Market HLS Fund, may lend their securities to certain qualified brokers who pay the Funds negotiated lender fees. The loans are fully collateralized at all times with cash and/or U.S. Government Securities and/or repurchase agreements. The cash collateral is then invested in short-term money market instruments. The repurchase agreements are fully collateralized by U.S. Government Securities. The adequacy of the collateral for securities on loan is monitored on a daily basis. For instances where the market value of collateral falls below the market value of the securities out on loan, such collateral is supplemented on the following business day. |
While securities are on loan, each Fund is subject to the following risks: 1) that the borrower may default on the loan and that the collateral could be inadequate in the event the borrower defaults, 2) that the earnings on the collateral invested may not be sufficient to pay fees incurred in connection with the loan, 3) that the principal value of the collateral invested may decline and may not be sufficient to pay back the borrower for the amount of the collateral posted, 4) that the borrower may use the loaned securities to cover a short sale which may place downward pressure on the market prices of the loaned securities, 5) that return of loaned securities could be delayed and could interfere with portfolio management decisions and 6) that any efforts to recall the securities for purposes of voting a proxy may not be effective. No Funds had securities on loan as of June 30, 2009.
e) | Joint Trading Account — Pursuant to an exemptive order issued by the SEC, the Funds may transfer uninvested cash balances into a joint trading account managed by Hartford Investment Management Company (“Hartford Investment Management”), a wholly-owned indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”), or Wellington Management Company LLP (“Wellington”). These balances may be invested in one or more repurchase agreements and/or short-term money market instruments. | |
f) | Repurchase Agreements — A repurchase agreement is an agreement by which the seller of a security agrees to repurchase the security sold at a mutually agreed upon time and price. At the time the Funds enter into a repurchase agreement, the value of the underlying collateral security(ies), |
209
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
including accrued interest, will be equal to or exceed the value of the repurchase agreement. Securities that serve to collateralize the repurchase agreement are held by each Fund’s custodian in book entry or physical form in the custodial account of the Funds or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest. Certain Funds, as shown on the Schedule of Investments, had outstanding repurchase agreements as of June 30, 2009. |
g) | Forward Foreign Currency Contracts — At June 30, 2009, certain Funds, as shown in the Schedule of Investments, entered into forward foreign currency contracts that obligate the Funds to repurchase/replace or sell currencies at specified future dates. The Funds enter into forward foreign currency contracts to hedge against adverse fluctuations in exchange rates between currencies. |
Forward foreign currency contracts involve elements of market risk in excess of the amount 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.
h) | Indexed Securities — The Funds may invest in indexed securities whose values are linked to changes in interest rates, indices, or other underlying instruments. The Funds use these securities to increase or decrease their exposure to different underlying instruments and to gain exposure to markets that might be difficult to invest in using conventional securities. Indexed securities may be more volatile than their underlying instruments, but any loss is limited to the amount of the original investment and there may be a limit to the potential appreciation of the investment. Certain Funds, as shown in the Schedule of Investments under Exchange Traded Funds, had investments in indexed securities, as of June 30, 2009. | |
i) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Funds’ shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of each Fund’s shares is determined as of the close of each business day of the Exchange. The NAV is determined separately for each class of each Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of a Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
Dividends are declared pursuant to a policy adopted by the Funds’ Board of Directors based upon the investment performance of the Funds. The policy of all Funds, except Hartford Money Market HLS Fund, is to pay dividends from net investment income and distribute realized capital gains, if any, at least once a year.
Hartford Money Market HLS Fund seeks to maintain a stable NAV of $1.00 by declaring a daily dividend from net investment income, including net short-term capital gains and losses, and by valuing its investments using the amortized cost method, which approximates fair value. Dividends are declared daily and distributed monthly.
Distributions from net investment income, realized capital gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing. These differences include foreign currency gains and losses, losses deferred due to wash sales adjustments, related to Passive Foreign Investment Companies and certain derivatives, and excise tax regulations. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Funds’ capital accounts (see Reclassification of Capital Accounts within the Federal Income Tax section of the Notes to Financial Statements).
j) | Illiquid and Restricted Securities — Each Fund is permitted to invest up to 15% of its net assets in illiquid securities, except for Hartford Money Market HLS Fund which may invest up to 10% in such securities. “Illiquid Securities” are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine a Fund’s NAV. A Fund may not be able to sell illiquid securities or other investments when its sub-adviser considers it desirable to do so or may have to sell such securities or investments at a price that is lower than the price that could be obtained if the securities or investments were more liquid. A sale of illiquid securities or other investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid securities and investments also may be more difficult to value, due to the unavailability of reliable market quotations for such securities or investments, and investment in them may have an adverse impact on NAV. Each Fund may also purchase certain restricted securities, commonly known as Rule 144A securities, that can be resold to institutions and which may be determined to be liquid pursuant to policies and guidelines established by the Funds’ Board of Directors. Certain Funds, as shown in the Schedule of Investments, had illiquid or restricted securities as of June 30, 2009. | |
k) | Securities Purchased on a When-Issued or Delayed-Delivery Basis — Delivery and payment for securities that have been purchased by the Funds on a forward commitment, or when-issued or delayed-delivery basis take place beyond the customary settlement period. During this period, such securities are subject to market fluctuations, and the Funds identify securities segregated in their records with value at least equal to the amount of the commitment. Certain Funds, as shown in the Schedule of Investments, had when-issued or delayed delivery securities as of June 30, 2009. | |
l) | Credit Risk — 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 which holds securities with higher credit risk may fluctuate more than with less aggressive bond funds. | |
m) | Senior Floating Rate Interests — Certain Funds, as shown in the Schedule of Investments, may invest in senior floating rate interests. Senior floating rate interests 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 debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. 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 |
210
Table of Contents
income to the 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.
n) | Prepayment Risks — Most senior floating rate interests and certain debt securities allow for prepayment of principal without penalty. Senior floating rate interests and securities subject to prepayment risk generally offer less potential for gains when interest rates decline, and may offer a greater potential for loss when interest rates rise. In addition, with respect to securities, 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 risk is a major risk of mortgage-backed securities and certain asset-backed securities. Accordingly, the potential for the value of a senior floating rate interest or debt security to increase in response to interest rate declines is limited. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity. |
Senior floating rate interests or debt securities purchased to replace a prepaid loan or a debt security may have lower yields than the yield on the prepaid loan or debt security. Senior floating rate interests generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for the Borrower to repay, prepayments of senior floating rate interests may occur. As a result, the actual remaining maturity of senior floating rate interests held may be substantially less than the stated maturities shown in the Schedule of Investments.
o) | Credit Default Swaps — The Funds are subject to credit risk in the normal course of pursuing their investment objectives. Certain Funds may enter into event linked swaps, including credit default swap contracts. The credit default swap market allows a Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying security in the event of a defined credit event, such as payment default or bankruptcy. |
Under a credit default swap, one party acts as a guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying security 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 Statement of Operations. The Fund’s maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk is mitigated by having a master netting arrangement between the fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty. A Fund will generally not buy protection on issuers that are not currently held by such Fund. Certain Funds, as shown in the Schedule of Investments, had outstanding credit default swaps as of June 30, 2009.
p) | Interest Rate Swaps — The Funds are subject to interest rate risk exposure in the normal course of pursuing their investment objectives. Because certain funds hold fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk and to maintain their ability to generate income at prevailing market rates, certain Funds may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate multiplied by a “notional principal 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 agreements is accrued daily as interest income/expense. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current realized value and the expected cash flows. |
If an interest rate swap agreement provides for payments in different currencies, the parties might agree to exchange the notional principal amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index or mortgage prepayment rates. 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 agreement. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract’s remaining life, to the extent that amount is positive. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty. As of June 30, 2009, there were no outstanding interest rate swap agreements.
q) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
r) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”) clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Funds’ investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, ETF’s, and rights and warrants. |
211
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. | |
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and requires significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than that presented above, as individual circumstances dictate.
FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value.
Refer to the valuation hierarchy levels summary and the Level 3 roll forward reconciliation found following the Schedules of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the valuation of the Funds’ investments. The additional disclosures required of this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
s) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. Implementation of this standard did not impact valuation. |
Fair value of Derivative Instruments as of June 30, 2009:
Hartford Capital Appreciation HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 55 | Unrealized depreciation on forward foreign currency contracts | $ | 2 | ||||||
Hartford Disciplined Equity HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Written Options, Market Value | $ | 92 | |||||||||
Hartford Global Advisers HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Interest rate contracts | Summary of Net Assets — Unrealized appreciation | $ | 278 | Summary of Net Assets — Unrealized depreciation | $ | 34 | ||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 277 | Unrealized depreciation on forward foreign currency contracts | 541 | ||||||||
Equity contracts | Summary of Net Assets — Unrealized appreciation | 296 | ||||||||||
Hartford Global Equity HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 1 | |||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 4 |
212
Table of Contents
Hartford Global Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 22 | Unrealized depreciation on forward foreign currency contracts | $ | 18 | ||||||
Hartford Global Health HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | — | |||||||||
Hartford Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | — | |||||||||
Hartford High Yield HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 226 | |||||||||
Hartford Index HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 271 | |||||||||
Hartford International Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 16 | Unrealized depreciation on forward foreign currency contracts | $ | 14 | ||||||
Hartford International Opportunities HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 21 | Unrealized depreciation on forward foreign currency contracts | $ | 46 | ||||||
Hartford International Small Company HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 4 | Unrealized depreciation on forward foreign currency contracts | $ | 9 | ||||||
Hartford LargeCap Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 12 | |||||||||
Hartford MidCap Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized appreciation | $ | 4 |
213
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford MidCap Value HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 3 | |||||||||
Hartford Money Market HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Other contracts | Investment in securities, at value (Capital Support Agreement), Market Value | $ | — | |||||||||
Hartford Small Company HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 156 | |||||||||
Hartford SmallCap Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 13 | |||||||||
Hartford SmallCap Value HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 11 | |||||||||
Hartford Stock HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 3 | |||||||||
Hartford Total Return Bond HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Interest rate contracts | Summary of Net Assets — Unrealized appreciation | $ | 1,136 | Summary of Net Assets — Unrealized depreciation | $ | 3,184 | ||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 548 | Unrealized depreciation on forward foreign currency contracts | 1,078 | ||||||||
Credit contracts | Unrealized depreciation on swap contracts | 2,249 | ||||||||||
Hartford U.S. Government Securities HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Interest rate contracts | Summary of Net Assets — Unrealized appreciation | $ | 699 | Summary of Net Assets — Unrealized depreciation | $ | 1,975 | ||||||
Interest rate contracts | Investments in securities at value (Purchased Options), Market Value | 580 | Written Options, Market Value | 344 | ||||||||
Hartford Value Opportunities HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 3 |
214
Table of Contents
With the exception of the following Funds and specifically the derivatives so noted, the volumes of derivatives that are presented above in Derivative Instruments tables are consistent with the derivative activity during the six-month period ended June 30, 2009:
Ratio of Futures | Monthly Six-Month Average | |||||||
Market Value to Net Assets | of Ratio of Futures | |||||||
as of June 30, 2009 | Market Value to Net Assets | |||||||
Hartford High Yield HLS Fund | — | % | 5.94 | % | ||||
Hartford U.S. Government Securities HLS Fund | 21.53 | 30.99 | ||||||
Ratio of Forward Currency Contract | Monthly Six-Month Average | |||||||
Market Value to Net Assets | of Ratio of Forward Currency Contracts | |||||||
as of June 30, 2009 | Market Value to Net Assets | |||||||
Hartford Global Advisers HLS Fund | 40.30 | % | 51.82 | % | ||||
Hartford Total Return Bond HLS Fund | 12.38 | 21.35 |
Realized Gain/Loss and Change in Unrealized Appreciation (Depreciation) on Derivative Instruments for the six-month period ended June 30, 2009:
Hartford Advisers HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (573 | ) | $ | — | $ | — | $ | (573 | ) | ||||||||||
Foreign exchange contracts | — | — | — | 355 | — | 355 | ||||||||||||||||||
Total | $ | — | $ | — | $ | (573 | ) | $ | 355 | $ | — | $ | (218 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (25 | ) | $ | — | $ | (25 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (25 | ) | $ | — | $ | (25 | ) | ||||||||||
Hartford Capital Appreciation HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 83 | $ | — | $ | 83 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 83 | $ | — | $ | 83 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (78 | ) | $ | — | $ | (78 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (78 | ) | $ | — | $ | (78 | ) | ||||||||||
215
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
�� | ||||||||||||||||||||||||
Hartford Disciplined Equity HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | 931 | $ | — | $ | (1,048 | ) | $ | — | $ | — | $ | (117 | ) | ||||||||||
Total | $ | 931 | $ | — | $ | (1,048 | ) | $ | — | $ | — | $ | (117 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (470 | ) | $ | — | $ | — | $ | (470 | ) | ||||||||||
Equity contracts | (3 | ) | — | — | — | — | (3 | ) | ||||||||||||||||
Total | $ | (3 | ) | $ | — | $ | (470 | ) | $ | — | $ | — | $ | (473 | ) | |||||||||
Hartford Equity Income HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Hartford Global Advisers HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (288 | ) | $ | — | $ | — | $ | (288 | ) | ||||||||||
Foreign exchange contracts | — | — | — | (1,557 | ) | — | (1,557 | ) | ||||||||||||||||
Equity contracts | — | — | (2,661 | ) | — | — | (2,661 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (2,949 | ) | $ | (1,557 | ) | $ | — | $ | (4,506 | ) | |||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | 597 | $ | — | $ | — | $ | 597 | ||||||||||||
Foreign exchange contracts | — | — | — | 1,984 | — | 1,984 | ||||||||||||||||||
Equity contracts | — | — | 461 | — | — | 461 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 1,058 | $ | 1,984 | $ | — | $ | 3,042 | ||||||||||||
Hartford Global Equity HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (8 | ) | $ | — | $ | (8 | ) | ||||||||||
Equity contracts | — | — | (21 | ) | — | — | (21 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (21 | ) | $ | (8 | ) | $ | — | $ | (29 | ) | |||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (7 | ) | $ | — | $ | (7 | ) | ||||||||||
Equity contracts | — | — | (9 | ) | — | — | (9 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (9 | ) | $ | (7 | ) | $ | — | $ | (16 | ) | |||||||||
216
Table of Contents
Hartford Global Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 224 | $ | — | $ | 224 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 224 | $ | — | $ | 224 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Hartford Global Health HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 92 | $ | — | $ | 92 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 92 | $ | — | $ | 92 | ||||||||||||
Hartford Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (55 | ) | $ | — | $ | (55 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (55 | ) | $ | — | $ | (55 | ) | ||||||||||
Hartford Growth Opportunities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | 99 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | 99 | ||||||||||||
Hartford High Yield HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | 1,154 | $ | — | $ | — | $ | 1,154 | ||||||||||||
Foreign exchange contracts | — | — | — | (27 | ) | — | (27 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | 1,154 | $ | (27 | ) | $ | — | $ | 1,127 | |||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (1,300 | ) | $ | — | $ | — | $ | (1,300 | ) | ||||||||||
Foreign exchange contracts | — | — | — | (4 | ) | — | (4 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (1,300 | ) | $ | (4 | ) | $ | — | $ | (1,304 | ) | |||||||||
217
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Index HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | 1,537 | $ | — | $ | — | $ | 1,537 | ||||||||||||
Total | $ | — | $ | — | $ | 1,537 | $ | — | $ | — | $ | 1,537 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (451 | ) | $ | — | $ | — | $ | (451 | ) | ||||||||||
Total | $ | — | $ | — | $ | (451 | ) | $ | — | $ | — | $ | (451 | ) | ||||||||||
Hartford International Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (1,023 | ) | $ | — | $ | (1,023 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (1,023 | ) | $ | — | $ | (1,023 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||
Hartford International Opportunities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (1,292 | ) | $ | — | $ | (1,292 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (1,292 | ) | $ | — | $ | (1,292 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Hartford International Small Company HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (121 | ) | $ | — | $ | (121 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (121 | ) | $ | — | $ | (121 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (3 | ) | $ | — | $ | (3 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (3 | ) | $ | — | $ | (3 | ) | ||||||||||
218
Table of Contents
Hartford LargeCap Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | 133 | $ | — | $ | — | $ | 133 | ||||||||||||
Total | $ | — | $ | — | $ | 133 | $ | — | $ | — | $ | 133 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (39 | ) | $ | — | $ | — | $ | (39 | ) | ||||||||||
Total | $ | — | $ | — | $ | (39 | ) | $ | — | $ | — | $ | (39 | ) | ||||||||||
Hartford MidCap HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (88 | ) | $ | — | $ | (88 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (88 | ) | $ | — | $ | (88 | ) | ||||||||||
Hartford MidCap Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | 324 | $ | — | $ | — | $ | 324 | ||||||||||||
Total | $ | — | $ | — | $ | 324 | $ | — | $ | — | $ | 324 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (32 | ) | $ | — | $ | — | $ | (32 | ) | ||||||||||
Total | $ | — | $ | — | $ | (32 | ) | $ | — | $ | — | $ | (32 | ) | ||||||||||
Hartford MidCap Value HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 60 | $ | — | $ | 60 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 60 | $ | — | $ | 60 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
219
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Small Company HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (75 | ) | $ | — | $ | (75 | ) | ||||||||||
Equity contracts | — | — | 3,684 | — | — | 3,684 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 3,684 | $ | (75 | ) | $ | — | $ | 3,609 | |||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (8 | ) | $ | — | $ | (8 | ) | ||||||||||
Equity contracts | — | — | (581 | ) | — | — | (581 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (581 | ) | $ | (8 | ) | $ | — | $ | (589 | ) | |||||||||
Hartford SmallCap Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Equity contracts | — | — | 109 | — | — | 109 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 109 | $ | — | $ | — | $ | 109 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (49 | ) | $ | — | $ | — | $ | (49 | ) | ||||||||||
Total | $ | — | $ | — | $ | (49 | ) | $ | — | $ | — | $ | (49 | ) | ||||||||||
Hartford SmallCap Value HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | 112 | $ | — | $ | — | $ | 112 | ||||||||||||
Total | $ | — | $ | — | $ | 112 | $ | — | $ | — | $ | 112 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (30 | ) | $ | — | $ | — | $ | (30 | ) | ||||||||||
Total | $ | — | $ | — | $ | (30 | ) | $ | — | $ | — | $ | (30 | ) | ||||||||||
220
Table of Contents
Hartford Stock HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 278 | $ | — | $ | 278 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 278 | $ | — | $ | 278 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (22 | ) | $ | — | $ | (22 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (22 | ) | $ | — | $ | (22 | ) | ||||||||||
Hartford Total Return Bond HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | 346 | $ | 702 | $ | — | $ | — | $ | 1,048 | ||||||||||||
Foreign exchange contracts | — | — | — | 5,670 | — | 5,670 | ||||||||||||||||||
Credit contracts | — | — | — | — | (628 | ) | (628 | ) | ||||||||||||||||
Total | $ | — | $ | 346 | $ | 702 | $ | 5,670 | $ | (628 | ) | $ | 6,090 | |||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (2,871 | ) | $ | — | $ | — | $ | (2,871 | ) | ||||||||||
Foreign exchange contracts | — | — | — | 1,850 | — | 1,850 | ||||||||||||||||||
Credit contracts | — | — | — | — | (749 | ) | (749 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (2,871 | ) | $ | 1,850 | $ | (749 | ) | $ | (1,770 | ) | |||||||||
Hartford U.S. Government Securities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | (666 | ) | $ | 1,948 | $ | (16,988 | ) | $ | — | $ | — | $ | (15,706 | ) | |||||||||
Foreign exchange contracts | — | — | — | (27 | ) | — | (27 | ) | ||||||||||||||||
Total | $ | (666 | ) | $ | 1,948 | $ | (16,988 | ) | $ | (27 | ) | $ | — | $ | (15,733 | ) | ||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | 364 | $ | (332 | ) | $ | (5,423 | ) | $ | — | $ | — | $ | (5,391 | ) | |||||||||
Foreign exchange contracts | — | — | — | 493 | — | 493 | ||||||||||||||||||
Total | $ | 364 | $ | (332 | ) | $ | (5,423 | ) | $ | 493 | $ | — | $ | (4,898 | ) | |||||||||
221
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Value Opportunities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 106 | $ | — | $ | 106 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 106 | $ | — | $ | 106 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
t) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. | |
u) | Indemnifications: Under the Companies’ organizational documents, each Company shall indemnify its officers and directors to the full extent required or permitted under Maryland Corporate Law and the federal securities law. In addition, the Companies, on behalf of the Funds, may enter into contracts that contain a variety of indemnifications. The Companies’ maximum exposure under these arrangements is unknown. However, the Companies have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. |
3. | Futures and Options: |
Futures and Options Transactions — The Funds are subject to equity price risk, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Funds may invest in futures and options contracts in order to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. A futures contract is an agreement between two parties to buy and sell an asset at a set price on a future date. When the Funds enter into such futures contracts, they are required to deposit with a futures commission merchant an amount of “initial margin” of cash, commercial paper or U.S. Treasury Bills. Subsequent payments, called variation margin, to and from the broker, are made on a daily basis as the price of the underlying asset fluctuates, making the long and short positions in the futures contract more or less valuable (i.e., mark-to-market), which results in an unrealized gain or loss to the Funds.
At any time prior to the expiration of the futures contract, a Fund may close the position by taking an opposite position, which would effectively terminate the position in the futures contract. A final determination of variation margin is then made, additional cash is required to be paid by or released to the Fund and the Fund realizes a gain or loss.
The use of futures contracts involves elements of market risk, which may exceed the amounts recognized in the Statements of Assets and Liabilities. Changes in the value of the futures contracts may decrease the effectiveness of the Funds’ strategies and potentially result in loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded through a clearing house. The clearing house requires sufficient collateral to cover margins. Certain Funds, as shown on the Schedule of Investments, had outstanding futures contracts as of June 30, 2009.
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) a security or other financial asset at an agreed-upon price during a specific period of time or on a specific date. The premium paid by a Fund for the purchase of a call or put option is included in the Fund’s Statement of Assets and Liabilities as an investment and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options to reflect the current market value of the option as of the end of the reporting period.
The Funds may write covered options. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying securities or currency or an option to purchase or sell the same underlying securities or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid securities having a value equal to or greater than the fluctuating market value of the option securities or currencies. A Fund receives a premium for writing a call or put option, which is recorded on the Fund’s Statement of Assets and Liabilities and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options. There is a
222
Table of Contents
risk of loss from a change in the value of such options, which may exceed the related premiums received. Transactions involving written options contracts for the Funds during the six-month period ended June 30, 2009 are summarized below:
Hartford Disciplined | ||||||||
Equity HLS Fund | ||||||||
Options Contract Activity During the | ||||||||
Six-Month Period Ended | ||||||||
June 30, 2009 | ||||||||
Call Options Written During the Period | Number of Contracts* | Premium Amounts | ||||||
Beginning of the period | 2,017 | $ | 191 | |||||
Written | 13,235 | 821 | ||||||
Expired | (10,006 | ) | (648 | ) | ||||
Closed | (2,833 | ) | (141 | ) | ||||
Exercised | (1,015 | ) | (99 | ) | ||||
End of Period | 1,398 | $ | 124 | |||||
Put Options Written During the Period | Number of Contracts* | Premium Amounts | ||||||
Beginning of the period | 3,253 | 138 | ||||||
Written | 9,362 | 507 | ||||||
Expired | (6,637 | ) | (376 | ) | ||||
Closed | (1,716 | ) | (94 | ) | ||||
Exercised | (1,549 | ) | (63 | ) | ||||
End of Period | 2,713 | 112 | ||||||
Hartford U.S. Government | ||||||||
Securities HLS Fund | ||||||||
Options Contract Activity During the | ||||||||
Six-Month Period Ended | ||||||||
June 30, 2009 | ||||||||
Call Options Written During the Period | Number of Contracts* | Premium Amounts | ||||||
Beginning of the period | 1,686 | $ | 48 | |||||
Written | 25,472 | 12,347 | ||||||
Expired | (2,529 | ) | (55 | ) | ||||
Closed | (24,629 | ) | (12,340 | ) | ||||
Exercised | — | — | ||||||
End of Period | — | $ | — | |||||
Put Options Written During the Period | Number of Contracts* | Premium Amounts | ||||||
Beginning of the period | 765 | 859 | ||||||
Written | 29,966 | 26,766 | ||||||
Expired | (3,480 | ) | (207 | ) | ||||
Closed | (26,091 | ) | (27,132 | ) | ||||
Exercised | — | — | ||||||
End of Period | 1,160 | 286 | ||||||
* | The number of contracts does not omit 000’s. |
4. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Funds intend to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of their taxable net investment income and net realized capital gains to their shareholders and otherwise complying with the requirements of regulated investment companies. The Funds have distributed substantially all of their income and capital gains in prior years and each Fund intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions, amortization adjustments, and differing tax treatment for investments in PFICs, derivatives, REITs, RICs, and partnerships. The character of distributions made during the year from net investment income or realized gains may differ from their ultimate characterization for federal income |
223
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
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 the Funds. |
c) | The tax character of distributions paid for the periods indicated is as follows (as adjusted for dividends payable): |
For the Year Ended | For the Year Ended | |||||||||||||||||||||||
December 31, 2008 | December 31, 2007 | |||||||||||||||||||||||
Long-Term | Long-Term | |||||||||||||||||||||||
Ordinary | Capital | Tax return | Ordinary | Capital | Tax return | |||||||||||||||||||
Income | Gains (a) | of capital | Income | Gains (a) | of capital | |||||||||||||||||||
Hartford Advisers HLS Fund | $ | 165,176 | $ | 30,856 | $ | — | $ | 685,113 | $ | 286,923 | $ | — | ||||||||||||
Hartford Capital Appreciation HLS Fund | 484,893 | 871,324 | — | 706,183 | 1,741,718 | — | ||||||||||||||||||
Hartford Disciplined Equity HLS Fund | 34,131 | 127,447 | — | 25,000 | — | — | ||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 148,624 | 107,986 | — | 162,791 | 530,149 | — | ||||||||||||||||||
Hartford Equity Income HLS Fund | 11,001 | 23,349 | — | 13,741 | 15,828 | — | ||||||||||||||||||
Hartford Fundamental Growth HLS Fund | 8,938 | 913 | — | 6,489 | 957 | — | ||||||||||||||||||
Hartford Global Advisers HLS Fund | 14,026 | 5,181 | — | 9,527 | 21,318 | — | ||||||||||||||||||
Hartford Global Equity HLS Fund* | 548 | — | 162 | — | — | — | ||||||||||||||||||
Hartford Global Growth HLS Fund | 9,441 | 34,060 | — | 32,462 | 107,761 | — | ||||||||||||||||||
Hartford Global Health HLS Fund | 3,278 | 13,861 | — | 11,053 | 46,499 | — | ||||||||||||||||||
Hartford Growth HLS Fund | 3,714 | 12,569 | — | 4,132 | 34,880 | — | ||||||||||||||||||
Hartford Growth Opportunities HLS Fund | 24,880 | 33,993 | — | 163,824 | 102,292 | — | ||||||||||||||||||
Hartford High Yield HLS Fund | 52,407 | — | — | 53,333 | — | — | ||||||||||||||||||
Hartford Index HLS Fund | 25,681 | 29,106 | — | 29,201 | 93,161 | — | ||||||||||||||||||
Hartford International Growth HLS Fund | 31,760 | 16,918 | — | 103,923 | 89,279 | — | ||||||||||||||||||
Hartford International Opportunities HLS Fund | 97,735 | 21,880 | — | 218,997 | 244,053 | — | ||||||||||||||||||
Hartford International Small Company HLS Fund | 5,940 | 6,298 | — | 39,913 | 34,809 | — | ||||||||||||||||||
Hartford LargeCap Growth HLS Fund | 1,066 | — | 16,838 | 968 | 13,191 | — | ||||||||||||||||||
Hartford MidCap HLS Fund | 61,086 | 70,346 | — | 142,144 | 326,952 | — | ||||||||||||||||||
Hartford MidCap Growth HLS Fund | 512 | 209 | — | 7,374 | 1,600 | — | ||||||||||||||||||
Hartford MidCap Value HLS Fund | 29,469 | 123,381 | — | 40,878 | 131,152 | — | ||||||||||||||||||
Hartford Money Market HLS Fund | 76,078 | — | — | 108,593 | — | — | ||||||||||||||||||
Hartford Small Company HLS Fund | 1,146 | 4,794 | — | 152,417 | 88,145 | — | ||||||||||||||||||
Hartford SmallCap Growth HLS Fund | 3,785 | 3,943 | — | 2,786 | 68,074 | — | ||||||||||||||||||
Hartford SmallCap Value HLS Fund | 1,364 | 198 | — | 6,498 | 5,297 | — | ||||||||||||||||||
Hartford Stock HLS Fund | 78,096 | 6,404 | — | 460,819 | 261,474 | — | ||||||||||||||||||
Hartford Total Return Bond HLS Fund | 282,435 | — | — | 230,998 | — | — | ||||||||||||||||||
Hartford U.S. Government Securities HLS Fund | 114,513 | — | — | 42,556 | — | — | ||||||||||||||||||
Hartford Value HLS Fund | 12,907 | 19,554 | — | 12,009 | 33,289 | — | ||||||||||||||||||
Hartford Value Opportunities HLS Fund | 8,082 | 1,696 | — | 26,838 | 72,992 | — |
* | Commenced operations on January 31, 2008. |
(a) | The Funds designate these distributions as long-term gain capital dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2008, the components of distributable earnings (deficit) on tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses* | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford Advisers HLS Fund | $ | 5,821 | $ | — | $ | (716,620 | ) | $ | (1,431,790 | ) | $ | (2,142,589 | ) | |||||||
Hartford Capital Appreciation HLS Fund | — | — | (1,588,323 | ) | (3,363,138 | ) | (4,951,461 | ) | ||||||||||||
Hartford Disciplined Equity HLS Fund | 1,554 | — | (228,657 | ) | (256,600 | ) | (483,703 | ) | ||||||||||||
Hartford Dividend and Growth HLS Fund | 6,857 | — | (252,046 | ) | (757,455 | ) | (1,002,644 | ) | ||||||||||||
Hartford Equity Income HLS Fund | 892 | 1,577 | (8,919 | ) | (66,034 | ) | (72,484 | ) | ||||||||||||
Hartford Fundamental Growth HLS Fund | 343 | — | (18,000 | ) | (20,091 | ) | (37,748 | ) | ||||||||||||
Hartford Global Advisers HLS Fund | — | — | (36,613 | ) | (37,842 | ) | (74,455 | ) | ||||||||||||
Hartford Global Equity HLS Fund | — | — | (42,121 | ) | (33,649 | ) | (75,770 | ) | ||||||||||||
Hartford Global Growth HLS Fund | 273 | — | (146,614 | ) | (169,421 | ) | (315,762 | ) | ||||||||||||
Hartford Global Health HLS Fund | 76 | 275 | (2,911 | ) | (58,890 | ) | (61,450 | ) | ||||||||||||
Hartford Growth HLS Fund | 143 | — | (33,787 | ) | (101,706 | ) | (135,350 | ) | ||||||||||||
Hartford Growth Opportunities HLS Fund | 588 | — | (243,551 | ) | (244,939 | ) | (487,902 | ) | ||||||||||||
Hartford High Yield HLS Fund | 1,063 | — | (122,078 | ) | (129,259 | ) | (250,274 | ) | ||||||||||||
Hartford Index HLS Fund | 1,441 | 212 | (8,862 | ) | (264,757 | ) | (271,966 | ) | ||||||||||||
Hartford International Growth HLS Fund | 411 | — | (364,563 | ) | (85,727 | ) | (449,879 | ) | ||||||||||||
Hartford International Opportunities HLS Fund | 1,284 | — | (395,755 | ) | (264,190 | ) | (658,661 | ) |
224
Table of Contents
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses* | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford International Small Company HLS Fund | $ | 7 | $ | — | $ | (79,222 | ) | $ | (61,119 | ) | $ | (140,334 | ) | |||||||
Hartford LargeCap Growth HLS Fund | 20 | — | (68,891 | ) | (22,859 | ) | (91,730 | ) | ||||||||||||
Hartford MidCap HLS Fund | 890 | — | (271,920 | ) | (449,673 | ) | (720,703 | ) | ||||||||||||
Hartford MidCap Growth HLS Fund | 7 | — | (16,106 | ) | (16,303 | ) | (32,402 | ) | ||||||||||||
Hartford MidCap Value HLS Fund | 759 | — | (98,588 | ) | (170,884 | ) | (268,713 | ) | ||||||||||||
Hartford Money Market HLS Fund | 2,002 | — | (13,032 | ) | — | (11,030 | ) | |||||||||||||
Hartford Small Company HLS Fund | — | — | (282,842 | ) | (235,277 | ) | (518,119 | ) | ||||||||||||
Hartford SmallCap Growth HLS Fund | 406 | — | (145,583 | ) | (144,972 | ) | (290,149 | ) | ||||||||||||
Hartford SmallCap Value HLS Fund | 207 | — | (10,739 | ) | (19,913 | ) | (30,445 | ) | ||||||||||||
Hartford Stock HLS Fund | 3,429 | — | (676,353 | ) | (1,111,932 | ) | (1,784,856 | ) | ||||||||||||
Hartford Total Return Bond HLS Fund | — | — | (252,880 | ) | (447,527 | ) | (700,407 | ) | ||||||||||||
Hartford U.S. Government Securities HLS Fund | 418 | — | (32,288 | ) | (142,423 | ) | (174,293 | ) | ||||||||||||
Hartford Value HLS Fund | 1,020 | — | (12,525 | ) | (67,448 | ) | (78,953 | ) | ||||||||||||
Hartford Value Opportunities HLS Fund | 314 | — | (113,505 | ) | (124,770 | ) | (237,961 | ) |
* | Certain Funds had capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows. | |
@ | The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sales losses, the mark-to-market adjustment for certain derivatives in accordance with IRC Sec. 1256, mark to market for Passive Foreign Investment Companies and basis differences in real estate investment trusts. |
d) | Reclassification of Capital Accounts — In accordance with American Institute of Certified Public Accountants (AICPA) Statement of Position 93-2, Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies, the Funds have recorded reclassifications in their capital accounts. These reclassifications had no impact on the NAV of the Funds. The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses that reduce distribution requirements. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of a Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from net investment income, from net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2008, the Funds recorded the following reclassifications to increase (decrease) the accounts listed below. |
Undistributed | Accumulated | |||||||||||
Net Investment | Net Realized | Paid-in- | ||||||||||
Income | Gain (Loss) | Capital | ||||||||||
Hartford Advisers HLS Fund | $ | 16,968 | $ | (16,968 | ) | $ | — | |||||
Hartford Capital Appreciation HLS Fund | (10,949 | ) | 10,948 | 1 | ||||||||
Hartford Disciplined Equity HLS Fund | (35 | ) | 3,930 | (3,895 | ) | |||||||
Hartford Dividend and Growth HLS Fund | (111 | ) | 111 | — | ||||||||
Hartford Equity Income HLS Fund | (24 | ) | 24 | — | ||||||||
Hartford Fundamental Growth HLS Fund | (2 | ) | 2 | — | ||||||||
Hartford Global Advisers HLS Fund | 7,463 | (7,463 | ) | — | ||||||||
Hartford Global Equity HLS Fund* | 4 | (3 | ) | (1 | ) | |||||||
Hartford Global Growth HLS Fund | 38 | (38 | ) | — | ||||||||
Hartford Global Health HLS Fund | 30 | (29 | ) | (1 | ) | |||||||
Hartford Growth HLS Fund | (49 | ) | 50 | (1 | ) | |||||||
Hartford Growth Opportunities HLS Fund | (436 | ) | 436 | — | ||||||||
Hartford High Yield HLS Fund | 233 | 3,245 | (3,478 | ) | ||||||||
Hartford Index HLS Fund | 111 | (113 | ) | 2 | ||||||||
Hartford International Growth HLS Fund | (1,453 | ) | 1,454 | (1 | ) | |||||||
Hartford International Opportunities HLS Fund | 1,538 | (1,488 | ) | (50 | ) | |||||||
Hartford International Small Company HLS Fund | 856 | (813 | ) | (43 | ) | |||||||
Hartford LargeCap Growth HLS Fund | — | 1,108 | (1,108 | ) | ||||||||
Hartford MidCap HLS Fund | (237 | ) | 237 | — | ||||||||
Hartford MidCap Growth HLS Fund | (14 | ) | 14 | — | ||||||||
Hartford MidCap Value HLS Fund | (255 | ) | 256 | (1 | ) | |||||||
Hartford Small Company HLS Fund | (223 | ) | 189 | 34 | ||||||||
Hartford SmallCap Growth HLS Fund | (375 | ) | 375 | — | ||||||||
Hartford SmallCap Value HLS Fund | (20 | ) | 20 | — | ||||||||
Hartford Stock HLS Fund | 15,978 | (15,979 | ) | 1 | ||||||||
Hartford Total Return Bond HLS Fund | 16,999 | (17,007 | ) | 8 | ||||||||
Hartford U.S. Government Securities HLS Fund | 98 | (98 | ) | — |
225
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Undistributed | Accumulated | |||||||||||
Net Investment | Net Realized | Paid-in- | ||||||||||
Income | Gain (Loss) | Capital | ||||||||||
Hartford Value HLS Fund | $ | (19 | ) | $ | 19 | $ | — | |||||
Hartford Value Opportunities HLS Fund | 1,372 | (1,372 | ) | — |
* | Commenced operations on January 31, 2008. |
e) | Capital Loss Carryforward: |
At December 31, 2008 (tax-year-end), the following Funds had capital loss carryforwards for U.S. federal income tax purposes of approximately:
Fund | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total | |||||||||||||||||||||||||||
Hartford Advisers HLS Fund | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 455,474 | $ | 455,474 | ||||||||||||||||||
Hartford Capital Appreciation HLS Fund | — | — | — | — | — | — | — | 735,471 | 735,471 | |||||||||||||||||||||||||||
Hartford Disciplined Equity HLS Fund | 8,430 | 758 | — | — | — | — | — | 146,580 | 155,768 | |||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | — | — | — | — | — | — | — | 39,088 | 39,088 | |||||||||||||||||||||||||||
Hartford Fundamental Growth HLS Fund | — | — | — | — | — | — | — | 10,398 | 10,398 | |||||||||||||||||||||||||||
Hartford Global Advisers HLS Fund | — | — | — | — | — | — | — | 19,548 | 19,548 | |||||||||||||||||||||||||||
Hartford Global Equity HLS Fund | 23,115 | — | — | — | — | — | 1,880 | 8,899 | 33,894 | |||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | — | — | — | — | — | — | — | 92,362 | 92,362 | |||||||||||||||||||||||||||
Hartford Growth HLS Fund | — | — | — | — | — | — | — | 23,720 | 23,720 | |||||||||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | — | — | — | — | — | — | — | 153,498 | 153,498 | |||||||||||||||||||||||||||
Hartford High Yield HLS Fund | 875 | — | 13,116 | — | — | 2,846 | — | 62,492 | 79,329 | |||||||||||||||||||||||||||
Hartford International Growth HLS Fund | — | — | — | — | — | — | — | 280,646 | 280,646 | |||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | 3,630 | 1,046 | — | — | — | — | — | 209,068 | 213,744 | |||||||||||||||||||||||||||
Hartford International Small Company HLS Fund | — | — | — | — | — | — | — | 50,452 | 50,452 | |||||||||||||||||||||||||||
Hartford LargeCap Growth HLS Fund | — | 24,574 | 1,605 | 346 | — | — | — | 21,190 | 47,715 | |||||||||||||||||||||||||||
Hartford MidCap HLS Fund | — | — | — | — | — | — | — | 142,519 | 142,519 | |||||||||||||||||||||||||||
Hartford MidCap Growth HLS Fund | — | — | — | — | — | — | — | 5,666 | 5,666 | |||||||||||||||||||||||||||
Hartford MidCap Value HLS Fund | — | — | — | — | — | — | — | 72,457 | 72,457 | |||||||||||||||||||||||||||
Hartford Money Market HLS Fund | — | — | — | — | — | — | — | 13,032 | 13,032 | |||||||||||||||||||||||||||
Hartford Small Company HLS Fund | — | — | — | — | — | — | — | 156,735 | 156,735 | |||||||||||||||||||||||||||
Hartford SmallCap Growth HLS Fund | — | — | — | — | — | — | — | 92,145 | 92,145 | |||||||||||||||||||||||||||
Hartford SmallCap Value HLS Fund | — | — | — | — | — | — | — | 6,834 | 6,834 | |||||||||||||||||||||||||||
Hartford Stock HLS Fund | — | — | — | — | — | — | — | 431,980 | 431,980 | |||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | — | — | — | — | — | 22,202 | — | 141,751 | 163,953 | |||||||||||||||||||||||||||
Hartford U.S. Government Securities HLS Fund | — | — | — | — | 16,217 | 15,888 | — | — | 32,105 | |||||||||||||||||||||||||||
Hartford Value HLS Fund | — | — | — | — | — | — | — | 4,650 | 4,650 | |||||||||||||||||||||||||||
Hartford Value Opportunities HLS Fund | — | — | — | — | — | — | — | 102,725 | 102,725 |
As of December 31, 2008, the following Funds elected to defer the following post October losses.
Long-Term | ||||||||
Fund | Ordinary Income | Capital Gain | ||||||
Hartford Advisers HLS Fund | $ | — | $ | 261,146 | ||||
Hartford Capital Appreciation HLS Fund | 63,136 | 789,716 | ||||||
Hartford Disciplined Equity HLS Fund | — | 72,889 | ||||||
Hartford Dividend and Growth HLS Fund | — | 212,958 | ||||||
Hartford Equity Income HLS Fund | — | 8,919 | ||||||
Hartford Fundamental Growth HLS Fund | — | 7,602 | ||||||
Hartford Global Advisers HLS Fund | 2,260 | 14,805 | ||||||
Hartford Global Equity HLS Fund | — | 8,227 | ||||||
Hartford Global Growth HLS Fund | — | 54,252 | ||||||
Hartford Global Health HLS Fund | — | 2,911 | ||||||
Hartford Growth HLS Fund | — | 10,067 | ||||||
Hartford Growth Opportunities HLS Fund | — | 90,053 | ||||||
Hartford High Yield HLS Fund | — | 42,749 | ||||||
Hartford Index HLS Fund | — | 8,862 | ||||||
Hartford International Growth HLS Fund | — | 83,917 | ||||||
Hartford International Opportunities HLS Fund | — | 182,011 | ||||||
Hartford International Small Company HLS Fund | — | 28,770 | ||||||
Hartford LargeCap Growth HLS Fund | — | 21,176 | ||||||
Hartford MidCap HLS Fund | — | 129,401 | ||||||
Hartford MidCap Growth HLS Fund | — | 10,440 | ||||||
Hartford MidCap Value HLS Fund | — | 26,131 |
226
Table of Contents
Long-Term | ||||||||
Fund | Ordinary Income | Capital Gain | ||||||
Hartford Small Company HLS Fund | $ | — | $ | 126,107 | ||||
Hartford SmallCap Growth HLS Fund | — | 53,438 | ||||||
Hartford SmallCap Value HLS Fund | — | 3,905 | ||||||
Hartford Stock HLS Fund | — | 244,373 | ||||||
Hartford Total Return Bond HLS Fund | 17,384 | 71,543 | ||||||
Hartford U.S. Government Securities HLS Fund | — | 183 | ||||||
Hartford Value HLS Fund | — | 7,875 | ||||||
Hartford Value Opportunities HLS Fund | — | 10,780 |
Hartford Disciplined Equity HLS Fund, Hartford High Yield HLS Fund and Hartford LargeCap Growth HLS Fund had expiration of capital loss carryover in the amounts of $3,895, $3,478 and $1,107 in 2008, respectively.
Based on certain provisions in the IRC, various limitations regarding the future utilization of Hartford Disciplined Equity HLS Fund, Hartford Global Growth HLS Fund, Hartford High Yield HLS Fund, Hartford International Opportunities HLS Fund, Hartford LargeCap Growth HLS Fund and Hartford Total Return Bond HLS Fund carryforwards may apply.
f) | Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Fund’s financial statements related to uncertain tax positions. |
5. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors) an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Funds pursuant to an Investment Management Agreement for the Hartford Series Fund, Inc. and the Hartford HLS Series Fund II, Inc. As investment manager, HL Advisors has overall investment supervisory responsibility for each Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Funds. |
HL Advisors has contracted with Wellington for the provision of day-to-day investment management services to Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Equity Income HLS Fund, Hartford Fundamental Growth HLS Fund, Hartford Global Advisers HLS Fund, Hartford Global Equity HLS Fund, Hartford Global Growth HLS Fund, Hartford Global Health HLS Fund, Hartford Growth HLS Fund, Hartford Growth Opportunities HLS Fund, Hartford International Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford International Small Company HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Value HLS Fund, Hartford Small Company HLS Fund, Hartford SmallCap Growth HLS Fund, Hartford Stock HLS Fund, Hartford Value HLS Fund and Hartford Value Opportunities HLS Fund in accordance with each Fund’s investment objective and policies.
In addition, HL Advisors has contracted with Hartford Investment Management for the provision of day-to-day investment management services for Hartford High Yield HLS Fund, Hartford Index HLS Fund, Hartford LargeCap Growth HLS Fund, Hartford MidCap Growth HLS Fund, Hartford Money Market HLS Fund, Hartford Small Company HLS Fund, Hartford SmallCap Growth HLS Fund, Hartford Total Return Bond HLS Fund and Hartford U.S. Government Securities HLS Fund in accordance with each Fund’s investment objectives and policies.
HL Advisors has also contracted with Kayne Anderson Rudnick Investment Management, LLC (“KAR”), Metropolitan West Capital Management, LLC (“MetWest Capital”) and SSgA Funds Management, Inc. (“SSgA FM”) for the provision of the day-to-day investment management services for Hartford SmallCap Value HLS Fund in accordance with the Fund’s investment objective and policies.
Each Fund pays a fee to HL Advisors, a portion of which is used to compensate Hartford Investment Management, KAR, MetWest Capital, SSgA FM and Wellington, as applicable.
b) | Administrative Services Agreement — Under the Administrative Services Agreement between HLIC and the following Funds, Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Equity Income HLS Fund, Hartford Fundamental Growth HLS Fund, Hartford Global Advisers HLS Fund, Hartford Global Equity HLS Fund, Hartford Global Growth HLS Fund, Hartford Global Health HLS Fund, Hartford Growth HLS Fund, Hartford High Yield HLS Fund, Hartford Index HLS Fund, Hartford International Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford International Small Company HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Value HLS Fund, Hartford Money Market HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund and Hartford Value HLS Fund, HLIC provides administrative services to the Funds and receives monthly compensation at the annual rate of 0.20% of each Fund’s average daily net assets, except for Hartford Index HLS Fund. The Hartford Index HLS Fund pays an administrative service fee of 0.20% for the first $5 billion in average net assets, 0.18% of average net assets for the next $5 billion and 0.17% for average net assets over $10 billion. The Funds assume and pay certain other expenses (including, but not limited to, accounting, custodian, state taxes and directors’ fees). |
The schedules below reflect the rates of compensation paid to HL Advisors for investment management services and to HLIC for administrative services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly.
227
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Global Equity HLS Fund(1) | ||||
Average Daily Net Assets | Annual Fee | |||
On first $500 million | 0.9500% | |||
On next $500 million | 0.9000% | |||
On next $4 billion | 0.8500% | |||
On next $5 billion | 0.8475% | |||
Over $10 billion | 0.8450% |
(1) | HL Advisors has contractually agreed to waive 0.10% of its management fee until May 1, 2010. |
Hartford SmallCap Value HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $50 million | 0.9000% | |||
On next $4.95 billion | 0.8500% | |||
On next $5 billion | 0.8475% | |||
Over $10 billion | 0.8450% |
Hartford Global Health HLS Fund, | ||||
Hartford International Growth HLS Fund | ||||
and Hartford International Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.8500% | |||
On next $250 million | 0.8000% | |||
On next $4.5 billion | 0.7500% | |||
On next $5 billion | 0.7475% | |||
Over $10 billion | 0.7450% |
Hartford Equity Income HLS Fund, | ||||
Hartford Growth HLS Fund, | ||||
Hartford MidCap Value HLS Fund | ||||
and Hartford Value HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.8250% | |||
On next $250 million | 0.7750% | |||
On next $500 million | 0.7250% | |||
On next $4 billion | 0.6750% | |||
On next $5 billion | 0.6725% | |||
Over $10 billion | 0.6700% |
Hartford Fundamental Growth HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.8000% | |||
On next $250 million | 0.7500% | |||
On next $4.5 billion | 0.7000% | |||
On next $5 billion | 0.6975% | |||
Over $10 billion | 0.6950% |
Hartford MidCap Growth HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $500 million | 0.800% | |||
On next $500 million | 0.750% | |||
On next $4 billion | 0.700% | |||
On next $5 billion | 0.680% | |||
Over $10 billion | 0.670% |
Hartford Capital Appreciation HLS Fund, | ||||
Hartford Disciplined Equity HLS Fund, | ||||
Hartford Dividend and Growth HLS Fund, | ||||
Hartford Global Advisers HLS Fund, | ||||
Hartford Global Growth HLS Fund, | ||||
Hartford International Opportunities HLS Fund | ||||
and Hartford MidCap HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.7750% | |||
On next $250 million | 0.7250% | |||
On next $500 million | 0.6750% | |||
On next $4 billion | 0.6250% | |||
On next $5 billion | 0.6225% | |||
Over $10 billion | 0.6200% |
Hartford Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.7750% | |||
On next $250 million | 0.7250% | |||
On next $500 million | 0.6750% | |||
On next $500 million | 0.6000% | |||
On next $3.5 billion | 0.5500% | |||
On next $5 billion | 0.5300% | |||
Over $10 billion | 0.5200% |
228
Table of Contents
Hartford High Yield HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $500 million | 0.7000% | |||
On next $500 million | 0.6750% | |||
On next $4 billion | 0.6250% | |||
On next $5 billion | 0.6050% | |||
Over $10 billion | 0.5950% |
Hartford Growth Opportunities HLS Fund | ||||
and Hartford Value Opportunities HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $100 million | 0.7000% | |||
On next $4.9 billion | 0.6000% | |||
On next $5 billion | 0.5975% | |||
Over $10 billion | 0.5950% |
Hartford SmallCap Growth HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $100 million | 0.7000% | |||
On next $4.9 billion | 0.6000% | |||
On next $5 billion | 0.5800% | |||
Over $10 billion | 0.5700% |
Hartford Advisers HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.6800% | |||
On next $250 million | 0.6550% | |||
On next $500 million | 0.6450% | |||
On next $4 billion | 0.5950% | |||
On next $5 billion | 0.5925% | |||
Over $10 billion | 0.5900% |
Hartford LargeCap Growth HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $500 million | 0.650 | % | ||
On next $500 million | 0.600 | % | ||
On next $4 billion | 0.550 | % | ||
On next $5 billion | 0.530 | % | ||
Over $10 billion | 0.520 | % |
Hartford Stock HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.5250 | % | ||
On next $250 million | 0.5000 | % | ||
On next $500 million | 0.4750 | % | ||
On next $4 billion | 0.4500 | % | ||
On next $5 billion | 0.4475 | % | ||
Over $10 billion | 0.4450 | % |
Hartford Total Return Bond HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.5250% | |||
On next $250 million | 0.5000% | |||
On next $500 million | 0.4750% | |||
On next $4 billion | 0.4500% | |||
On next $5 billion | 0.4300% | |||
Over $10 billion | 0.4200% |
Hartford U.S. Government Securities HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $5 billion | 0.4500% | |||
On next $5 billion | 0.4300% | |||
Over $10 billion | 0.4200% |
Hartford Money Market HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $5 billion | 0.4000% | |||
On next $5 billion | 0.3800% | |||
Over $10 billion | 0.3700% |
Hartford Index HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $2 billion | 0.3000% | |||
On next $3 billion | 0.2000% | |||
On next $5 billion | 0.1800% | |||
Over $10 billion | 0.1700% |
c) | Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Equity Income HLS Fund, Hartford Fundamental Growth HLS Fund, Hartford Global Advisers HLS Fund, Hartford Global Equity HLS Fund, Hartford Global Growth HLS Fund, Hartford Global Health HLS Fund, Hartford Growth HLS Fund, Hartford High Yield HLS Fund, Hartford Index HLS Fund, Hartford International Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford International Small Company HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Value HLS Fund, Hartford Money Market HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund and Hartford Value HLS Fund, HLIC provides accounting services to the Funds and receives monthly compensation on each Fund’s average daily net assets. The Fund’s accounting services fees are accrued daily and paid monthly. |
229
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
The rates of compensation paid to HLIC is as follows:
Hartford Capital Appreciation HLS Fund, | ||||
Hartford Global Advisers HLS Fund, | ||||
Hartford High Yield HLS Fund | ||||
and Hartford Total Return Bond HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.018% | |||
On next $5 billion | 0.016% | |||
Over $10 billion | 0.014% |
Hartford Advisers HLS Fund, | ||||
Hartford Global Equity HLS Fund, | ||||
Hartford International Growth HLS Fund, | ||||
Hartford International Opportunities HLS Fund | ||||
and Hartford International Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.016% | |||
On next $5 billion | 0.014% | |||
Over $10 billion | 0.012% |
Hartford Dividend and Growth HLS Fund | ||||
and Hartford Global Growth HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.014% | |||
On next $5 billion | 0.012% | |||
Over $10 billion | 0.010% |
Hartford Disciplined Equity HLS Fund, | ||||
Hartford MidCap HLS Fund | ||||
and Hartford Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.012% | |||
Over $5 billion | 0.010% |
Hartford Equity Income HLS Fund, | ||||
Hartford Fundamental Growth HLS Fund, | ||||
Hartford Global Health HLS Fund, | ||||
Hartford Growth HLS Fund, | ||||
Hartford Index HLS Fund, | ||||
Hartford MidCap Value HLS Fund, | ||||
Hartford Money Market HLS Fund, | ||||
Hartford Stock HLS Fund | ||||
and Hartford Value HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
All assets | 0.010% |
d) | Other Related Party Transactions — Certain officers of the Funds are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Funds’ chief compliance officer’s salary was paid by the Funds in the amount of $86. Hartford Investment Services Company LLC (“HISC”), a wholly owned subsidiary of The Hartford, provides transfer agent services to the Funds. HISC was compensated $33 for providing such services. The fees are accrued daily and paid monthly. | |
e) | Operating Expenses — Allocable expenses incurred by the Funds are allocated to each Fund and allocated to classes within a Fund in proportion to the average daily net assets of each Fund and class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. | |
f) | Fees Paid Indirectly — The Funds have entered into agreements with State Street Global Advisers, LLC and Russell Implementation Securities, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Funds’ expenses. In addition, the Funds’ custodian bank has also agreed to reduce its fees when the Funds maintain cash on deposit in the non-interest-bearing custody account. For the six-month period ended June 30, 2009, these amounts 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. Had the fees paid indirectly been included, the annualized expense ratio for the periods listed below would have been as follows:
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | ||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | Year Ended December 31, 2008 | Year Ended December 31, 2007 | Year Ended December 31, 2006 | Year Ended December 31, 2005 | Year Ended December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | 0.65 | % | 0.90 | % | 0.63 | % | 0.88 | % | 0.63 | % | 0.88 | % | 0.62 | % | 0.87 | % | 0.64 | % | 0.89 | % | 0.66 | % | 0.91 | % | ||||||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | 0.68 | 0.93 | 0.66 | 0.91 | 0.67 | 0.93 | 0.66 | 0.91 | 0.67 | 0.92 | 0.67 | 0.92 | ||||||||||||||||||||||||||||||||||||
Hartford Disciplined Equity HLS Fund | 0.75 | 1.00 | 0.71 | 0.96 | 0.70 | 0.95 | 0.71 | 0.96 | 0.72 | 0.97 | 0.74 | 0.99 | ||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 0.69 | 0.94 | 0.66 | 0.91 | 0.67 | 0.92 | 0.66 | 0.91 | 0.66 | 0.91 | 0.67 | 0.92 | ||||||||||||||||||||||||||||||||||||
Hartford Equity Income HLS Fund | 0.87 | 1.12 | 0.84 | 1.09 | 0.83 | 1.08 | 0.74 | 0.99 | 0.75 | 1.00 | 0.88 | 1.13 | ||||||||||||||||||||||||||||||||||||
Hartford Fundamental Growth HLS Fund | 0.87 | 1.12 | 0.85 | 1.10 | 0.86 | 1.11 | 0.83 | 1.08 | 0.89 | 1.14 | 0.86 | 1.11 |
230
Table of Contents
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | ||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | Year Ended December 31, 2008 | Year Ended December 31, 2007 | Year Ended December 31, 2006 | Year Ended December 31, 2005 | Year Ended December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Global Advisers HLS Fund | 0.84 | % | 1.09 | % | 0.81 | % | 1.06 | % | 0.80 | % | 1.05 | % | 0.80 | % | 1.05 | % | 0.77 | % | 1.03 | % | 0.78 | % | 1.03 | % | ||||||||||||||||||||||||
Hartford Global Equity HLS Fund | 1.01 | 1.25 | 0.93 | (a) | 1.18 | (a) | NA | NA | NA | NA | NA | NA | NA | NA | ||||||||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | 0.80 | 1.05 | 0.74 | 0.99 | 0.73 | 0.98 | 0.74 | 0.99 | 0.68 | 0.93 | 0.68 | 0.93 | ||||||||||||||||||||||||||||||||||||
Hartford Global Health HLS Fund | 0.91 | 1.16 | 0.88 | 1.13 | 0.87 | 1.12 | 0.87 | 1.12 | 0.86 | 1.11 | 0.86 | 1.11 | ||||||||||||||||||||||||||||||||||||
Hartford Growth HLS Fund | 0.87 | 1.12 | 0.84 | 1.09 | 0.83 | 1.08 | 0.82 | 1.07 | 0.82 | 1.07 | 0.83 | 1.08 | ||||||||||||||||||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | 0.64 | 0.89 | 0.63 | 0.88 | 0.63 | 0.88 | 0.63 | 0.88 | 0.58 | 0.84 | 0.57 | 0.82 | ||||||||||||||||||||||||||||||||||||
Hartford High Yield HLS Fund | 0.74 | 0.99 | 0.74 | 0.99 | 0.72 | 0.97 | 0.72 | 0.97 | 0.76 | 1.01 | 0.77 | 1.02 | ||||||||||||||||||||||||||||||||||||
Hartford Index HLS Fund | 0.34 | 0.59 | 0.32 | 0.57 | 0.33 | 0.58 | 0.33 | 0.58 | 0.42 | 0.67 | 0.44 | 0.69 | ||||||||||||||||||||||||||||||||||||
Hartford International Growth HLS Fund | 0.91 | 1.16 | 0.84 | 1.09 | 0.82 | 1.07 | 0.85 | 1.10 | 0.86 | 1.11 | 0.89 | 1.14 | ||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | 0.76 | 1.01 | 0.71 | 0.96 | 0.70 | 0.95 | 0.73 | 0.98 | 0.74 | 0.99 | 0.74 | 0.99 | ||||||||||||||||||||||||||||||||||||
Hartford International Small Company HLS Fund | 0.94 | 1.19 | 0.89 | 1.14 | 0.88 | 1.13 | 0.92 | 1.17 | 0.97 | 1.22 | 1.01 | 1.26 | ||||||||||||||||||||||||||||||||||||
Hartford LargeCap Growth HLS Fund | 0.69 | 0.94 | 0.66 | 0.83 | (b) | 0.47 | NA | 0.78 | NA | 0.81 | NA | 0.90 | NA | |||||||||||||||||||||||||||||||||||
Hartford MidCap HLS Fund | 0.71 | 0.96 | 0.68 | 0.93 | 0.68 | 0.93 | 0.66 | 0.91 | 0.68 | 0.93 | 0.68 | 0.93 | ||||||||||||||||||||||||||||||||||||
Hartford MidCap Growth HLS Fund | 0.85 | 1.10 | 0.85 | 1.10 | (b) | 0.65 | NA | 0.78 | NA | 0.81 | NA | 0.94 | NA | |||||||||||||||||||||||||||||||||||
Hartford MidCap Value HLS Fund | 0.86 | 1.11 | 0.80 | 1.05 | 0.79 | 1.04 | 0.77 | 1.02 | 0.78 | 1.03 | 0.78 | 1.03 | ||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | 0.41 | 0.44 | 0.42 | 0.67 | 0.42 | 0.67 | 0.48 | 0.73 | 0.49 | 0.74 | 0.48 | 0.73 | ||||||||||||||||||||||||||||||||||||
Hartford Small Company HLS Fund | 0.75 | 1.00 | 0.71 | 0.96 | 0.70 | 0.95 | 0.70 | 0.95 | 0.71 | 0.96 | 0.70 | 0.95 | ||||||||||||||||||||||||||||||||||||
Hartford SmallCap Growth HLS Fund | 0.66 | 0.91 | 0.64 | 0.89 | 0.63 | 0.88 | 0.62 | 0.87 | 0.62 | 0.87 | 0.63 | 0.88 | ||||||||||||||||||||||||||||||||||||
Hartford SmallCap Value HLS Fund | 1.00 | 1.25 | 0.95 | 1.20 | 0.96 | 1.21 | 0.97 | 1.22 | 0.92 | 1.17 | 0.92 | 1.17 | ||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund | 0.51 | 0.76 | 0.48 | 0.73 | 0.48 | 0.73 | 0.47 | 0.72 | 0.48 | 0.73 | 0.48 | 0.73 | ||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | 0.50 | 0.75 | 0.49 | 0.74 | 0.49 | 0.74 | 0.49 | 0.74 | 0.50 | 0.75 | 0.50 | 0.75 | ||||||||||||||||||||||||||||||||||||
Hartford U.S. Government Securities HLS Fund | 0.47 | 0.72 | 0.46 | 0.71 | 0.47 | 0.72 | 0.48 | 0.73 | 0.47 | 0.72 | 0.47 | 0.72 | ||||||||||||||||||||||||||||||||||||
Hartford Value HLS Fund | 0.86 | 1.11 | 0.84 | 1.09 | 0.84 | 1.09 | 0.84 | 1.09 | 0.85 | 1.10 | 0.85 | 1.10 | ||||||||||||||||||||||||||||||||||||
Hartford Value Opportunities HLS Fund | 0.68 | 0.93 | 0.64 | 0.89 | 0.63 | 0.88 | 0.64 | 0.89 | 0.64 | 0.89 | 0.66 | 0.91 |
(a) | From January 31, 2008 (commencement of operations) through December 31, 2008. | |
(b) | From March 31, 2008 (commencement of operations) through December 31, 2008. |
g) | Distribution Plan for Class IB shares — The Funds have adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, each Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to each Fund Board’s review and approval. |
The Distribution Plan provides that each Fund may pay annually up to 0.25% of the average daily net assets of a Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in time. Under the terms of the Distribution Plan and the principal underwriting agreement, each Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
At a meeting held on August 5, 2009, the Board of Directors approved the continued temporary reduction of payment of distribution and service fees under the Hartford Money Market HLS Fund’s 12b-1 Plan of Distribution to zero for Class IB through February 28, 2010. This will result in a corresponding temporary reduction of 12b-1 payments of amounts paid to financial intermediaries by the Hartford Money Market HLS Fund’s distributor to zero for Class IB during this time period. The Board’s action can be changed at any time.
The Hartford may be required to pay, out of its own resources, the equivalent of the 12b-1 fees to financial intermediaries notwithstanding the reduction of 12b-1 fees. Since January 2009, the Fund’s distributor has made payments out of its own resources to financial intermediaries equal to the amount of Hartford Money Market HLS Fund’s 12b-1 fees that would have been paid, notwithstanding waivers of 12b-1 fees.
For the six-month period ended June 30, 2009, HL Advisers has reimbursed expenses or waived fees for Hartford Money Market HLS Fund to the extent necessary to prevent the Fund’s earnings from falling below the level of its expenses.
h) | Payment from (to) Affiliate — The Funds are available for purchase by the separate accounts of different variable universal life policies, variable annuity products, and funding agreements and they are offered directly to certain qualified retirement plans (collectively “Products”). Although existing Products contain transfer restrictions, some Products, particularly older variable annuity products, do not contain restrictions on the frequency of transfers. In addition, as the result of the settlement of litigation against Hartford Life, Inc. (“Hartford Life”) (the issuer of such variable annuity products), the Funds’ ability to restrict transfers by certain owners of older variable annuity products was limited. During 2006, these annuity owners surrendered the older variable annuity contracts that were the subject of prior litigation. In February 2005, Hartford Life agreed with the Board of Directors of the Funds to indemnify the Funds for any material harm caused to the Funds from frequent trading by these contract owners. |
231
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
On November 8, 2006, the SEC issued an order setting forth the terms of a settlement reached with three subsidiaries of The Hartford that resolves the SEC’s Division of Enforcement’s investigation of aspects of the Hartford’s variable annuity and mutual fund operations related to directed brokerage and revenue sharing. Under the terms of the settlement, The Hartford paid a total of $39.6 million to the Funds. These amounts were recorded on November 8, 2006 and paid on November 22, 2006. The Hartford settled this matter without admitting or denying the findings of the SEC.
On April 20, 2007, Hartford MidCap Growth HLS Fund was reimbursed for trading reimbursements relating to the change in portfolio managers of the Fund.
On May 2, 2007, Hartford Small Company HLS Fund was reimbursed for trading reimbursements relating to the change in portfolio managers of the Fund.
On June 8, 2007, Hartford Small Company HLS Fund was reimbursed for incorrect IPO allocations to the Fund.
The total return in the financial highlights includes the impact of the payment from (to) affiliates. The tables below show the impact of each of the payments from affiliates and what the total return for the years ended December 31, 2007, 2006 and 2005, would have been as follows:
Impact from Payment | ||||||||||||||||||||||||
Impact from Payment | from Affiliate for | Total Return | ||||||||||||||||||||||
from Affiliate for | Incorrect IPO | Excluding | ||||||||||||||||||||||
Trading Reimbursements for | Allocations for the | Payments from Affiliate for the | ||||||||||||||||||||||
the Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 31, 2007 | December 31, 2007 | December 31, 2007 | ||||||||||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | ||||||||||||||||||
Hartford MidCap Growth HLS Fund | 0.20 | % | — | % | — | % | — | % | 11.43 | % | — | % | ||||||||||||
Hartford Small Company HLS Fund | 0.16 | 0.16 | 0.03 | 0.03 | 14.01 | 13.73 |
Total Return | ||||||||||||||||||||||||
Impact from Payment | Impact from Payment | Excluding | ||||||||||||||||||||||
from Affiliate for | from (to) Affiliate for | Payments from (to) | ||||||||||||||||||||||
SEC Settlement | Unrestricted Transfers | Affiliate | ||||||||||||||||||||||
for the Year Ended | for the Year Ended | for the Year Ended | ||||||||||||||||||||||
December 31, 2006 | December 31, 2006 | December 31, 2006 | ||||||||||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | ||||||||||||||||||
Hartford Advisers HLS Fund | 0.09 | % | 0.09 | % | — | % | — | % | 10.61 | % | 10.34 | % | ||||||||||||
Hartford Capital Appreciation HLS Fund | 0.09 | 0.09 | — | — | 16.52 | 16.23 | ||||||||||||||||||
Hartford Disciplined Equity HLS Fund | 0.03 | 0.03 | 0.01 | 0.01 | 12.41 | 12.13 | ||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 0.06 | 0.06 | 0.01 | 0.01 | 20.29 | 19.99 | ||||||||||||||||||
Hartford Fundamental Growth HLS Fund | 0.14 | 0.15 | — | — | 9.58 | 9.30 | ||||||||||||||||||
Hartford Global Advisers HLS Fund | 0.17 | 0.16 | — | — | 8.67 | 8.40 | ||||||||||||||||||
Hartford Global Health HLS Fund | 0.03 | 0.03 | — | — | 11.16 | 10.88 | ||||||||||||||||||
Hartford Global Growth HLS Fund | 0.31 | 0.32 | — | — | 13.83 | 13.54 | ||||||||||||||||||
Hartford Growth HLS Fund | 0.01 | 0.01 | 0.04 | 0.04 | 4.56 | 4.30 | ||||||||||||||||||
Hartford Growth Opportunities HLS Fund | 0.07 | 0.07 | 0.02 | 0.02 | 11.96 | 11.70 | ||||||||||||||||||
Hartford High Yield HLS Fund | — | — | 0.02 | 0.02 | 11.15 | 10.87 | ||||||||||||||||||
Hartford Index HLS Fund | — | — | 0.01 | 0.01 | 15.45 | 15.16 | ||||||||||||||||||
Hartford International Growth HLS Fund | — | — | — | — | 24.08 | 23.77 | ||||||||||||||||||
Hartford International Opportunities HLS Fund | 0.02 | 0.02 | — | — | 24.44 | 24.13 | ||||||||||||||||||
Hartford International Small Company HLS Fund | 0.01 | — | — | — | 29.33 | 29.01 | ||||||||||||||||||
Hartford MidCap HLS Fund | 0.15 | 0.15 | — | — | 11.59 | 11.31 | ||||||||||||||||||
Hartford MidCap Value HLS Fund | 0.02 | 0.02 | 0.08 | 0.09 | 17.78 | 17.48 | ||||||||||||||||||
Hartford Small Company HLS Fund | 0.14 | 0.14 | — | — | 14.29 | 14.00 | ||||||||||||||||||
Hartford SmallCap Growth HLS Fund | 0.01 | 0.01 | (0.03 | ) | (0.03 | ) | 6.88 | 6.61 | ||||||||||||||||
Hartford Stock HLS Fund | 0.11 | 0.12 | 0.01 | 0.01 | 14.53 | 14.24 | ||||||||||||||||||
Hartford Total Return Bond HLS Fund | — | — | — | — | 4.80 | 4.54 | ||||||||||||||||||
Hartford Value HLS Fund | 0.01 | 0.01 | — | — | 21.81 | 21.51 | ||||||||||||||||||
Hartford Value Opportunities HLS Fund | 0.01 | 0.01 | 0.04 | 0.05 | 18.97 | 18.67 |
232
Table of Contents
Total Return | ||||||||||||||||
Impact from Payment | Excluding | |||||||||||||||
from Affiliate for | Payments from | |||||||||||||||
Unrestricted Transfers | Affiliate | |||||||||||||||
for the Year Ended | for the Year Ended | |||||||||||||||
December 31, 2005 | December 31, 2005 | |||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | ||||||||||||
Hartford Growth HLS Fund | 0.09 | % | 0.09 | % | 4.58 | % | 4.33 | % | ||||||||
Hartford Growth Opportunities HLS Fund | 0.11 | 0.11 | 16.20 | 15.91 | ||||||||||||
Hartford High Yield HLS Fund | 0.57 | 0.56 | 1.56 | 1.29 | ||||||||||||
Hartford MidCap HLS Fund | 0.02 | 0.02 | 16.76 | 16.47 | ||||||||||||
Hartford MidCap Value HLS Fund | 0.04 | 0.04 | 9.95 | 9.67 | ||||||||||||
Hartford Small Company HLS Fund | 0.10 | 0.10 | 20.91 | 20.61 | ||||||||||||
Hartford SmallCap Growth HLS Fund | 0.22 | 0.22 | 10.80 | 10.56 |
6. | Affiliate Holdings: |
As of June 30, 2009, affiliates of The Hartford had ownership of shares in the Funds as follows:
Fund | Class IB | |||
Hartford LargeCap Growth HLS Fund | 7 | |||
Hartford MidCap Growth HLS Fund | 11 |
7. | Investment Transactions: |
For the six-month period ended June 30, 2009, the costs of purchases and sales of securities for Hartford Money Market HLS Fund were $21,762,699 and $22,556,945, respectively. For the six-month period ended June 30, 2009, aggregate purchases and sales of investment securities (excluding short-term investments) were as follows:
Cost of Purchases | Sales Proceeds | Cost of | ||||||||||||||
Excluding | Excluding | Purchases for | Sales Proceeds for | |||||||||||||
U.S. Government | U.S. Government | U.S. Government | U.S. Government | |||||||||||||
Obligations | Obligations | Obligations | Obligations | |||||||||||||
Hartford Advisers HLS Fund | $ | 1,244,043 | $ | 1,827,112 | $ | 207,984 | $ | 112,144 | ||||||||
Hartford Capital Appreciation HLS Fund | 4,608,671 | 4,745,775 | — | — | ||||||||||||
Hartford Disciplined Equity HLS Fund | 376,921 | 403,441 | — | — | ||||||||||||
Hartford Dividend and Growth HLS Fund | 754,081 | 866,707 | — | — | ||||||||||||
Hartford Equity Income HLS Fund | 63,114 | 63,982 | — | — | ||||||||||||
Hartford Fundamental Growth HLS Fund | 30,013 | 30,023 | — | — | ||||||||||||
Hartford Global Advisers HLS Fund | 145,542 | 159,709 | 20,312 | 26,319 | ||||||||||||
Hartford Global Equity HLS Fund | 52,470 | 57,235 | — | — | ||||||||||||
Hartford Global Growth HLS Fund | 205,572 | 236,211 | — | — | ||||||||||||
Hartford Global Health HLS Fund | 100,484 | 141,832 | — | — | ||||||||||||
Hartford Growth HLS Fund | 120,193 | 142,941 | — | — | ||||||||||||
Hartford Growth Opportunities HLS Fund | 629,992 | 684,058 | — | — | ||||||||||||
Hartford High Yield HLS Fund | 554,094 | 433,138 | 2,065 | 2,023 | ||||||||||||
Hartford Index HLS Fund | 19,364 | 35,991 | — | — | ||||||||||||
Hartford International Growth HLS Fund | 762,906 | 809,477 | — | — | ||||||||||||
Hartford International Opportunities HLS Fund | 998,169 | 1,023,655 | — | — | ||||||||||||
Hartford International Small Company HLS Fund | 118,102 | 134,557 | — | — | ||||||||||||
Hartford LargeCap Growth HLS Fund | 75,373 | 73,448 | — | — | ||||||||||||
Hartford MidCap HLS Fund | 719,111 | 753,370 | — | — | ||||||||||||
Hartford MidCap Growth HLS Fund | 89,931 | 62,549 | — | — | ||||||||||||
Hartford MidCap Value HLS Fund | 98,492 | 146,093 | — | — | ||||||||||||
Hartford Small Company HLS Fund | 1,045,608 | 997,942 | — | — | ||||||||||||
Hartford SmallCap Growth HLS Fund | 188,774 | 195,240 | — | — | ||||||||||||
Hartford SmallCap Value HLS Fund | 22,257 | 18,748 | — | — | ||||||||||||
Hartford Stock HLS Fund | 877,695 | 1,048,731 | — | — | ||||||||||||
Hartford Total Return Bond HLS Fund | 2,170,302 | 2,360,851 | 1,782,934 | 1,442,807 | ||||||||||||
Hartford U.S. Government Securities HLS Fund | 614,145 | 876,679 | 576,858 | 457,933 | ||||||||||||
Hartford Value HLS Fund | 87,199 | 96,249 | — | — | ||||||||||||
Hartford Value Opportunities HLS Fund | 130,078 | 149,177 | — | — |
233
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
8. | Line of Credit: |
The Funds, except for Hartford Money Market HLS Fund, participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the Funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. During the six-month period ended June 30, 2009, the Funds did not have any borrowings under this facility.
9. | Participation in the U.S. Department of Treasury Guarantee Program for Money Market Funds: |
The Board of Directors (“Board”) of Hartford Series Fund, Inc. has approved the participation of Hartford Money Market HLS Fund in the U.S. Treasury Department’s Temporary Guarantee Program (the “Program”) for money market funds.
Subject to certain conditions and limitations, the Program provides that investors in the Fund will receive $1.00 for each Fund share held as of the close of business on September 19, 2008 in the event that the Fund closes at a NAV below $1.00 per share (a “guarantee event”). The Program only covers the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. Participation in the Program is expected to provide direct benefits to current shareholders that were shareholders as of September 19, 2008 and indirect benefits to all current shareholders by supporting the stability of the Fund’s asset level.
Accordingly, any purchase of shares of the Fund for a new account after the close of business on September 19, 2008 and any increase in the number of shares of the Fund held in an account after the close of business on September 19, 2008 will not be covered by the Program. In the event that shares held as of the close of business on September 19, 2008 are sold prior to the date the guarantee event, the shares covered by the guarantee will be the lesser of (i) the amounts held in the Fund as of the close of business on September 19, 2008 or (ii) the amounts held in the Fund on the date of a guarantee event.
The cost to participate in the Program will be borne by the Fund without regard to any fee waiver and/or any expense limitation or reimbursement currently in effect for the Fund and is, therefore, borne by all shareholders of the Fund whether or not their shares are covered by the Program. Currently, assets available to the Program to support all participating money market funds do not exceed $50 billion and the Secretary of the Treasury may extend the Program up through the close of business on September 18, 2009.
On November 24, 2008, the U.S. Treasury Department extended the Program until April 30, 2009 and again on March 31, 2009 extended the Program until September 19, 2009. The Program still continues to cover only the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. The Board has approved the continued participation of the Fund in the Program. The cost to participate in the program will continue to be borne by the Fund.
10. | Money Market HLS Fund Support Agreement: |
The Money Market HLS Fund (the “Fund”) has entered into a Capital Support Agreement, dated September 26, 2008, and amended October 8, 2008 (the “CSA”) with HL Advisors and its affiliate Hartford Life, Inc. (“Hartford Life”). Under the terms of the CSA, Hartford Life has agreed to provide support of up to a maximum aggregate amount of $33.6 million for the Fund’s holdings of certain securities specified in the CSA (the “Notes”). The Notes held in the Fund as of June 30, 2009 are identified in the Schedule of Investments.
The CSA provides that Hartford Life will pay a capital contribution to the Fund if a “Contribution Event” occurs prior to an event terminating the CSA. The contribution amount would be the lesser of: (1) the amount sufficient for the Fund to maintain its market-based calculation of NAV at $0.9950 (which rounds to an NAV of $1.00), after giving effect to the contribution and payments received by the Fund in respect of the Notes; (2) the amount of the loss on the Notes, which is the excess of the amortized cost of the Notes, less deduction of any commissions or similar transaction cost, and any amount received by the Fund in connection with the Contribution Event; and (3) the maximum contribution amount under the CSA, which is $33.6 million for any and all contributions under the CSA.
The CSA defines a “Contribution Event” as any of the following occurrences: (1) any sale of the Note for cash in an amount, after deduction of any commissions or similar transaction costs, less than the amortized cost value of the Note sold as of the date of the settlement; (2) the receipt of final payment on the Note in an amount less than the amortized cost value of the Note as of the date such payment is received; (3) the issuance of orders by a court having jurisdiction over the matter discharging the issuer from liability for the Note and providing for payments on that Note in an amount less than the amortized cost value of the Note as of the date such payment is received; or (4) the receipt of any security or other instruments in exchange for, or as replacement of, the Note as a result of an exchange offer, debt restructuring, reorganization or similar transaction pursuant to which the Note is exchanged for, or replaced with, new securities of the issuer or third party and such new securities are or become “Eligible Securities,” as defined under Rule 2a-7 under the 1940 Act, and have a value that is less than the amortized cost of the Note on the date that the Fund receives such new securities.
On February 24, 2009, after the receipt of verbal “no-action” assurance provided by the staff of the SEC, the parties to the CSA entered into an amendment that permitted the CSA to continue despite the fact that Hartford Life’s obligations, effective February 9, 2009, no longer qualified as “First Tier” securities, as defined under Rule 2a-7 under the 1940 Act. The amendment required that Hartford Life establish an escrow account to support its potential future obligations under the CSA. The minimum balance of the escrow account is $725 (which was set equal to the aggregate unrealized loss on the Notes as of February 23, 2009), and the balance may periodically be adjusted based on the fair value of the Notes and the NAV of the Fund. As of June 30, 2009, the actual escrow balance is $1,585.
The CSA will terminate (unless the parties agree to an extension) on the earliest of the following dates: (1) September 26, 2009; (2) if and when all of the Notes are repaid in full; and (3) if and when Hartford Life has made capital contributions, in the aggregate, equal to the maximum aggregate amount of $33.6 million. Any extension would require approval of the SEC staff. In light of the terms of the CSA, the current and historical market value of the Notes and the net asset value of the Fund, it is possible that no capital contribution would be required even if the Fund were to realize a loss with respect to the
234
Table of Contents
Notes. The CSA applies only with respect to the Notes and does not guarantee that the Fund will maintain a stable NAV under all conditions. Apart from the CSA, Hartford Life has not undertaken nor is it obligated to provide support with respect to the Fund’s NAV.
During the six-month period ended June 30, 2009, the Fund did not receive a capital contribution under the terms of the CSA.
The fair value of the CSA may increase or decrease as a result of changes in the fair value of the Notes and other factors. As of June 30, 2009, the fair value of the CSA was zero, as noted in the Schedule of Investments.
11. | Fund Mergers |
Reorganization of certain series of Hartford Series Fund, Inc. At a special meeting of shareholders, held on August 12, 2008, shareholders of Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund approved a proposed Plan of Reorganization providing for the acquisition of all of the assets and liabilities of Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund by Hartford Global Equity HLS Fund.
Under the terms of the Plan of Reorganization, and pursuant to the approval by shareholders of Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund, the assets were acquired by Hartford Global Equity HLS Fund on August 22, 2008. Hartford Global Equity HLS Fund acquired the assets of Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund in exchange for shares in Hartford Global Equity HLS Fund, which were distributed pro rata by Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund shareholders on August 22, 2008, in complete liquidation of Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund.
The mergers were accomplished by tax free exchanges as detailed below:
Hartford Global Equity HLS Fund | Class IA | Class IB | ||||||
Net assets of Hartford Global Communications HLS Fund on August 22, 2008 | $ | 9,909 | $ | 10,403 | ||||
Net assets of Hartford Global Financial Services HLS Fund on August 22, 2008 | $ | 11,359 | $ | 8,097 | ||||
Net assets of Hartford Global Technology Services HLS Fund on August 22, 2008 | $ | 63,662 | $ | 33,265 | ||||
Hartford Global Communications HLS Fund shares exchanged | 1,626 | 1,719 | ||||||
Hartford Global Financial Services HLS Fund shares exchanged | 1,773 | 1,263 | ||||||
Hartford Global Technology HLS Fund shares exchanged | 10,245 | 5,440 | ||||||
Hartford Global Equity HLS Fund shares issued from Hartford Global Communications HLS Fund | 1,050 | 1,104 | ||||||
Hartford Global Equity HLS Fund shares issued from Hartford Global Financial Services HLS Fund | 1,203 | 860 | ||||||
Hartford Global Equity HLS Fund shares issued from Hartford Global Technology HLS Fund | 6,750 | 3,531 | ||||||
Net assets of Hartford Global Equity HLS Fund immediately before the merger | $ | 19,120 | $ | 1,343 | ||||
Net assets of Hartford Global Equity HLS Fund immediately after the merger | $ | 104,049 | $ | 53,107 |
Hartford Global Communications HLS Fund, Hartford Global Financial Services HLS Fund and Hartford Global Technology HLS Fund had the following unrealized appreciation (depreciation), accumulated net realized gains (losses) and capital stock as of August 22, 2008.
Unrealized | Accumulated | |||||||||||
Appreciation | Net Realized | |||||||||||
Fund | (Depreciation) | Gains (Losses) | Capital Stock | |||||||||
Hartford Global Communications HLS Fund | $ | 642 | $ | (47 | ) | $ | 19,717 | |||||
Hartford Global Financial Services HLS Fund | $ | (2,754 | ) | $ | (1,687 | ) | $ | 23,897 | ||||
Hartford Global Technology HLS Fund | $ | 55 | $ | (25,399 | ) | $ | 122,271 |
Reorganization of certain series of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. At a special meeting of shareholders, held on September 9, 2008, shareholders of Hartford Mortgage Securities HLS Fund approved a proposed Plan of Reorganization providing for the acquisition of all of the assets and liabilities of Hartford Mortgage Securities HLS Fund by Hartford U.S. Government Securities HLS Fund.
Under the terms of the Plan of Reorganization, and pursuant to the approval by shareholders of Hartford Mortgage Securities HLS Fund, the assets were acquired by Hartford U.S. Government Securities HLS Fund on September 26, 2008. Hartford U.S. Government Securities HLS Fund acquired the assets of Hartford Mortgage Securities HLS Fund in exchange for shares in Hartford U.S. Government Securities HLS Fund, which were distributed pro rata to Hartford Mortgage Securities HLS Fund shareholders on September 26, 2008, in complete liquidation of Hartford Mortgage Securities HLS Fund.
Hartford U.S. Government Securities HLS Fund | Class IA | Class IB | ||||||
Net assets of Hartford Mortgage Securities HLS Fund on September 26, 2008 | $ | 280,383 | $ | 86,403 | ||||
Hartford Mortgage Securities HLS Fund shares exchanged | 28,489 | 8,837 | ||||||
Hartford U.S. Government Securities HLS Fund shares issued | 26,154 | 8,094 | ||||||
Net assets of Hartford U.S. Government Securities HLS Fund immediately before the merger | $ | 988,715 | $ | 273,072 | ||||
Net assets of Hartford U.S. Government Securities HLS Fund immediately after the merger | $ | 1,269,147 | $ | 359,489 |
235
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Mortgage Securities HLS Fund had the following unrealized appreciation, accumulated net realized losses and capital stock as of September 26, 2008.
Accumulated | ||||||||||||
Unrealized | Net Realized | |||||||||||
Fund | Appreciation | (Losses) | Capital Stock | |||||||||
Hartford Mortgage Securities HLS Fund | $ | (39,146 | ) | $ | (19,329 | ) | $ | 425,261 |
12. | Proposed Fund Merger: |
At a meeting held on February 4, 2009, the Board of Directors of The Hartford Series Fund II, Inc. approved on behalf of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) and Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”), the reorganization of the Acquired Fund with and into the Acquiring Fund (the “Reorganization”).
The Board of Directors of The Hartford Series Fund II, Inc. has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (the “Reorganization Agreement”) by the shareholders of the Acquired Fund.
If the Reorganization Agreement is approved by the shareholders of the Acquired Fund, the Reorganization Agreement contemplates: (1) the transfer of all of the assets of the Acquired Fund to the Acquiring Fund in exchange for shares of the Acquiring Fund that have an aggregate net asset value equal to the aggregate net asset value of the shares of the Acquired Fund; (2) the assumption by the Acquiring Fund of all of the liabilities of the Acquired Fund; and (3) the distribution of shares of the Acquiring Fund to the shareholders of the Acquired Fund in complete liquidation of the Acquired Fund. Each shareholder of the Acquired Fund would receive shares of the Acquiring Fund equal in value to the shares of the Acquired Fund held by that shareholder as of the closing date of the Reorganization.
A proxy statement containing detailed information concerning the Reorganization is expected to be mailed to the Acquired Fund’s shareholders in July 2009.
13. | Industry Classifications: |
Other than the industry classifications “Other Investment Pools and Funds” and “Exchange Traded Funds”, 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.
236
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 13.69 | $ | 0.18 | $ | — | $ | 1.13 | $ | 1.31 | $ | — | $ | — | $ | — | $ | — | $ | 1.31 | $ | 15.00 | 9.60 | %(e) | $ | 3,332,565 | 0.66 | %(f) | 0.66 | %(f) | 2.49 | %(f) | 40 | % | ||||||||||||||||||||||||||||||||||
Class IB | 13.85 | 0.16 | — | 1.15 | 1.31 | — | — | — | — | 1.31 | 15.16 | 9.46 | (e) | 530,333 | 0.91 | (f) | 0.91 | (f) | 2.24 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.97 | 0.50 | — | (7.09 | ) | (6.59 | ) | (0.58 | ) | (0.11 | ) | — | (0.69 | ) | (7.28 | ) | 13.69 | (31.64 | ) | 3,404,626 | 0.63 | 0.63 | 2.43 | 76 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 21.18 | 0.47 | — | (7.17 | ) | (6.70 | ) | (0.52 | ) | (0.11 | ) | — | (0.63 | ) | (7.33 | ) | 13.85 | (31.81 | ) | 548,899 | 0.88 | 0.88 | 2.18 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.60 | 0.55 | — | 0.90 | 1.45 | (0.53 | ) | (2.55 | ) | — | (3.08 | ) | (1.63 | ) | 20.97 | 6.64 | 6,291,220 | 0.63 | 0.63 | 2.13 | 47 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.78 | 0.49 | — | 0.92 | 1.41 | (0.46 | ) | (2.55 | ) | — | (3.01 | ) | (1.60 | ) | 21.18 | 6.37 | 1,080,254 | 0.88 | 0.88 | 1.88 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.53 | 0.58 | 0.02 | 1.81 | 2.41 | (0.57 | ) | (1.77 | ) | — | (2.34 | ) | 0.07 | 22.60 | 10.70 | (g) | 7,207,926 | 0.64 | 0.64 | 2.24 | 87 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.70 | 0.51 | 0.02 | 1.83 | 2.36 | (0.51 | ) | (1.77 | ) | — | (2.28 | ) | 0.08 | 22.78 | 10.43 | (g) | 1,252,293 | 0.89 | 0.89 | 1.99 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 23.04 | 0.54 | — | 1.12 | 1.66 | (0.77 | ) | (1.04 | ) | (0.36 | ) | (2.17 | ) | (0.51 | ) | 22.53 | 7.24 | 8,157,354 | 0.66 | 0.65 | 1.96 | 89 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 23.17 | 0.47 | — | 1.15 | 1.62 | (0.69 | ) | (1.04 | ) | (0.36 | ) | (2.09 | ) | (0.47 | ) | 22.70 | 6.97 | 1,366,216 | 0.91 | 0.90 | 1.72 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.67 | 0.51 | — | 0.33 | 0.84 | (0.47 | ) | — | — | (0.47 | ) | 0.37 | 23.04 | 3.74 | 9,699,374 | 0.67 | 0.67 | 2.16 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.81 | 0.48 | — | 0.30 | 0.78 | (0.42 | ) | — | — | (0.42 | ) | 0.36 | 23.17 | 3.48 | 1,462,319 | 0.92 | 0.92 | 1.91 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 25.34 | 0.17 | — | 3.76 | 3.93 | — | — | — | — | 3.93 | 29.27 | 15.49 | (e) | 6,800,106 | 0.68 | (f) | 0.68 | (f) | 1.37 | (f) | 65 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 25.14 | 0.13 | — | 3.73 | 3.86 | — | — | — | — | 3.86 | 29.00 | 15.35 | (e) | 1,395,847 | 0.93 | (f) | 0.93 | (f) | 1.12 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 52.46 | 0.46 | — | (22.58 | ) | (22.12 | ) | (0.72 | ) | (4.28 | ) | — | (5.00 | ) | (27.12 | ) | 25.34 | (45.59 | ) | 6,017,984 | 0.67 | 0.67 | 1.12 | 131 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 52.01 | 0.39 | — | (22.37 | ) | (21.98 | ) | (0.61 | ) | (4.28 | ) | — | (4.89 | ) | (26.87 | ) | 25.14 | (45.73 | ) | 1,295,065 | 0.92 | 0.92 | 0.87 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 53.49 | 0.35 | — | 8.36 | 8.71 | (0.07 | ) | (9.67 | ) | — | (9.74 | ) | (1.03 | ) | 52.46 | 16.83 | 12,123,834 | 0.67 | 0.67 | 0.68 | 101 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 53.21 | 0.22 | — | 8.28 | 8.50 | (0.03 | ) | (9.67 | ) | — | (9.70 | ) | (1.20 | ) | 52.01 | 16.53 | 2,933,905 | 0.92 | 0.92 | 0.42 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 52.99 | 0.50 | 0.04 | 7.88 | 8.42 | (0.76 | ) | (7.16 | ) | — | (7.92 | ) | 0.50 | 53.49 | 16.61 | (g) | 11,746,831 | 0.67 | 0.67 | 0.82 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 52.75 | 0.36 | 0.04 | 7.83 | 8.23 | (0.61 | ) | (7.16 | ) | — | (7.77 | ) | 0.46 | 53.21 | 16.32 | (g) | 2,810,587 | 0.92 | 0.92 | 0.57 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 53.43 | 0.45 | — | 7.57 | 8.02 | (0.52 | ) | (7.94 | ) | — | (8.46 | ) | (0.44 | ) | 52.99 | 15.55 | 11,317,561 | 0.70 | 0.70 | 0.78 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 53.18 | 0.25 | — | 7.59 | 7.84 | (0.33 | ) | (7.94 | ) | — | (8.27 | ) | (0.43 | ) | 52.75 | 15.26 | 2,793,612 | 0.95 | 0.95 | 0.53 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 44.91 | 0.35 | — | 8.34 | 8.69 | (0.17 | ) | — | — | (0.17 | ) | 8.52 | 53.43 | 19.36 | 10,751,945 | 0.70 | 0.70 | 0.77 | 89 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 44.76 | 0.27 | — | 8.26 | 8.53 | (0.11 | ) | — | — | (0.11 | ) | 8.42 | 53.18 | 19.07 | 2,505,798 | 0.95 | 0.95 | 0.52 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Disciplined Equity HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.46 | 0.07 | — | 0.33 | 0.40 | — | — | — | — | 0.40 | 8.86 | 4.81 | (e) | 869,437 | 0.75 | (f) | 0.75 | (f) | 1.77 | (f) | 39 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.41 | 0.07 | — | 0.33 | 0.40 | — | — | — | — | 0.40 | 8.81 | 4.68 | (e) | 158,412 | 1.00 | (f) | 1.00 | (f) | 1.52 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.05 | 0.14 | — | (5.37 | ) | (5.23 | ) | (0.14 | ) | (1.22 | ) | — | (1.36 | ) | (6.59 | ) | 8.46 | (37.27 | ) | 868,799 | 0.71 | 0.71 | 1.14 | 73 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.97 | 0.12 | — | (5.35 | ) | (5.23 | ) | (0.11 | ) | (1.22 | ) | — | (1.33 | ) | (6.56 | ) | 8.41 | (37.43 | ) | 165,848 | 0.96 | 0.96 | 0.89 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.08 | 0.16 | — | 1.01 | 1.17 | (0.15 | ) | (0.05 | ) | — | (0.20 | ) | 0.97 | 15.05 | 8.34 | 1,566,652 | 0.70 | 0.70 | 1.04 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.01 | 0.13 | — | 1.00 | 1.13 | (0.12 | ) | (0.05 | ) | — | (0.17 | ) | 0.96 | 14.97 | 8.07 | 339,877 | 0.95 | 0.95 | 0.79 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.66 | 0.14 | 0.01 | 1.42 | 1.57 | (0.15 | ) | — | — | (0.15 | ) | 1.42 | 14.08 | 12.45 | (g) | 1,401,619 | 0.72 | 0.72 | 1.19 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.58 | 0.13 | 0.01 | 1.39 | 1.53 | (0.10 | ) | — | — | (0.10 | ) | 1.43 | 14.01 | 12.17 | (g) | 354,559 | 0.97 | 0.97 | 0.93 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.02 | 0.12 | — | 0.67 | 0.79 | (0.15 | ) | — | — | (0.15 | ) | 0.64 | 12.66 | 6.58 | 1,019,703 | 0.74 | 0.74 | 1.07 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.93 | 0.08 | — | 0.68 | 0.76 | (0.11 | ) | — | — | (0.11 | ) | 0.65 | 12.58 | 6.31 | 340,108 | 0.99 | 0.99 | 0.82 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.20 | 0.16 | — | 0.79 | 0.95 | (0.13 | ) | — | — | (0.13 | ) | 0.82 | 12.02 | 8.41 | 770,938 | 0.75 | 0.75 | 1.53 | 62 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.14 | 0.14 | — | 0.76 | 0.90 | (0.11 | ) | — | — | (0.11 | ) | 0.79 | 11.93 | 8.14 | 270,171 | 1.00 | 1.00 | 1.28 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.37 | 0.18 | — | 0.21 | 0.39 | — | — | — | — | 0.39 | 14.76 | 2.70 | (e) | 3,587,572 | 0.69 | (f) | 0.69 | (f) | 2.56 | (f) | 19 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.34 | 0.16 | — | 0.21 | 0.37 | — | — | — | — | 0.37 | 14.71 | 2.57 | (e) | 726,861 | 0.94 | (f) | 0.94 | (f) | 2.31 | (f) | — |
237
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 22.35 | $ | 0.44 | $ | — | $ | (7.57 | ) | $ | (7.13 | ) | $ | (0.44 | ) | $ | (0.41 | ) | $ | — | $ | (0.85 | ) | $ | (7.98 | ) | $ | 14.37 | (32.43 | )% | $ | 3,628,793 | 0.67 | % | 0.67 | % | 2.20 | % | 41 | % | ||||||||||||||||||||||||||||
Class IB | 22.28 | 0.42 | — | (7.56 | ) | (7.14 | ) | (0.39 | ) | (0.41 | ) | — | (0.80 | ) | (7.94 | ) | 14.34 | (32.60 | ) | 776,959 | 0.92 | 0.92 | 1.95 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.79 | 0.42 | — | 1.44 | 1.86 | (0.41 | ) | (1.89 | ) | — | (2.30 | ) | (0.44 | ) | 22.35 | 8.26 | 5,842,788 | 0.67 | 0.67 | 1.70 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.72 | 0.37 | — | 1.42 | 1.79 | (0.34 | ) | (1.89 | ) | — | (2.23 | ) | (0.44 | ) | 22.28 | 7.98 | 1,501,363 | 0.92 | 0.92 | 1.45 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.74 | 0.40 | 0.01 | 3.77 | 4.18 | (0.41 | ) | (1.72 | ) | — | (2.13 | ) | 2.05 | 22.79 | 20.36 | (g) | 5,671,552 | 0.67 | 0.67 | 1.77 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.68 | 0.35 | 0.01 | 3.74 | 4.10 | (0.34 | ) | (1.72 | ) | — | (2.06 | ) | 2.04 | 22.72 | 20.06 | (g) | 1,603,952 | 0.92 | 0.92 | 1.52 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.83 | 0.36 | — | 0.87 | 1.23 | (0.40 | ) | (0.92 | ) | — | (1.32 | ) | (0.09 | ) | 20.74 | 5.96 | 4,978,773 | 0.67 | 0.67 | 1.70 | 26 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.76 | 0.29 | — | 0.89 | 1.18 | (0.34 | ) | (0.92 | ) | — | (1.26 | ) | (0.08 | ) | 20.68 | 5.70 | 1,506,556 | 0.92 | 0.92 | 1.45 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.77 | 0.32 | — | 2.01 | 2.33 | (0.27 | ) | — | — | (0.27 | ) | 2.06 | 20.83 | 12.42 | 4,719,663 | 0.68 | 0.68 | 1.73 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.72 | 0.27 | — | 2.00 | 2.27 | (0.23 | ) | — | — | (0.23 | ) | 2.04 | 20.76 | 12.14 | 1,393,412 | 0.93 | 0.93 | 1.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Equity Income HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.20 | 0.14 | — | (0.39 | ) | (0.25 | ) | — | — | — | — | (0.25 | ) | 8.95 | (2.67 | )(e) | 221,769 | 0.87 | (f) | 0.87 | (f) | 3.39 | (f) | 26 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.20 | 0.14 | — | (0.39 | ) | (0.25 | ) | — | — | — | — | (0.25 | ) | 8.95 | (2.79 | )(e) | 34,051 | 1.12 | (f) | 1.12 | (f) | 3.14 | (f) | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.30 | 0.38 | — | (4.32 | ) | (3.94 | ) | (0.38 | ) | (0.78 | ) | — | (1.16 | ) | (5.10 | ) | 9.20 | (28.76 | ) | 236,728 | 0.84 | 0.84 | 3.02 | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.30 | 0.37 | — | (4.34 | ) | (3.97 | ) | (0.35 | ) | (0.78 | ) | — | (1.13 | ) | (5.10 | ) | 9.20 | (28.94 | ) | 38,134 | 1.09 | 1.09 | 2.77 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.20 | 0.33 | — | 0.66 | 0.99 | (0.31 | ) | (0.58 | ) | — | (0.89 | ) | 0.10 | 14.30 | 6.94 | 390,396 | 0.84 | 0.84 | 2.21 | 26 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.19 | 0.29 | — | 0.67 | 0.96 | (0.27 | ) | (0.58 | ) | — | (0.85 | ) | 0.11 | 14.30 | 6.68 | 72,717 | 1.09 | 1.09 | 1.96 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.01 | 0.26 | — | 2.22 | 2.48 | (0.26 | ) | (0.03 | ) | — | (0.29 | ) | 2.19 | 14.20 | 20.79 | 360,210 | 0.85 | 0.75 | 2.32 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.98 | 0.25 | — | 2.20 | 2.45 | (0.21 | ) | (0.03 | ) | — | (0.24 | ) | 2.21 | 14.19 | 20.49 | 106,733 | 1.10 | 1.00 | 2.07 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.64 | 0.21 | — | 0.36 | 0.57 | (0.20 | ) | — | — | (0.20 | ) | 0.37 | 12.01 | 4.81 | 231,151 | 0.86 | 0.76 | 2.27 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.62 | 0.17 | — | 0.36 | 0.53 | (0.17 | ) | — | — | (0.17 | ) | 0.36 | 11.98 | 4.56 | 79,417 | 1.11 | 1.01 | 2.03 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.75 | 0.12 | — | 0.89 | 1.01 | (0.12 | ) | — | — | (0.12 | ) | 0.89 | 11.64 | 9.43 | 90,197 | 0.90 | 0.90 | 1.99 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.74 | 0.10 | — | 0.88 | 0.98 | (0.10 | ) | — | — | 0.10 | 0.88 | 11.62 | 9.16 | 24,876 | 1.15 | 1.15 | 1.74 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Fundamental Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 5.92 | 0.02 | — | 0.67 | 0.69 | — | — | — | — | 0.69 | 6.61 | 11.67 | (e) | 39,638 | 0.87 | (f) | 0.87 | (f) | 0.74 | (f) | 58 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 5.88 | 0.02 | — | 0.66 | 0.68 | — | — | — | — | 0.68 | 6.56 | 11.53 | (e) | 19,550 | 1.12 | (f) | 1.12 | (f) | 0.49 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.10 | 0.04 | — | (4.24 | ) | (4.20 | ) | (0.02 | ) | (0.96 | ) | — | (0.98 | ) | (5.18 | ) | 5.92 | (41.25 | ) | 35,367 | 0.85 | 0.85 | 0.49 | 123 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.04 | 0.02 | — | (4.22 | ) | (4.20 | ) | — | (0.96 | ) | — | (0.96 | ) | (5.16 | ) | 5.88 | (41.39 | ) | 18,318 | 1.10 | 1.10 | 0.24 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.56 | 0.03 | — | 1.54 | 1.57 | (0.01 | ) | (1.02 | ) | — | (1.03 | ) | 0.54 | 11.10 | 15.12 | 59,053 | 0.86 | 0.86 | 0.27 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.54 | — | — | 1.53 | 1.53 | (0.01 | ) | (1.02 | ) | — | (1.03 | ) | 0.50 | 11.04 | 14.83 | 34,968 | 1.11 | 1.11 | 0.02 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.56 | 0.09 | 0.01 | 0.82 | 0.92 | (0.09 | ) | (0.83 | ) | — | (0.92 | ) | — | 10.56 | 9.72 | (g) | 48,852 | 0.94 | 0.85 | 0.80 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.53 | 0.06 | 0.01 | 0.82 | 0.89 | (0.05 | ) | (0.83 | ) | — | (0.88 | ) | 0.01 | 10.54 | 9.45 | (g) | 34,041 | 1.19 | 1.10 | 0.55 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.18 | 0.10 | — | 0.87 | 0.97 | (0.19 | ) | (0.40 | ) | — | (0.59 | ) | 0.38 | 10.56 | 9.88 | 52,679 | 0.92 | 0.91 | 0.77 | 136 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.13 | 0.04 | — | 0.89 | 0.93 | (0.13 | ) | (0.40 | ) | — | (0.53 | ) | 0.40 | 10.53 | 9.60 | 41,972 | 1.17 | 1.16 | 0.52 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.90 | 0.10 | — | 0.21 | 0.31 | (0.03 | ) | — | — | (0.03 | ) | 0.28 | 10.18 | 3.16 | 49,519 | 0.90 | 0.90 | 1.06 | 111 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.86 | 0.08 | — | 0.20 | 0.28 | (0.01 | ) | — | — | (0.01 | ) | 0.27 | 10.13 | 2.90 | 41,587 | 1.15 | 1.15 | 0.81 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Global Advisers HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.50 | 0.08 | — | 0.48 | 0.56 | — | — | — | — | 0.56 | 9.06 | 6.56 | (e) | 179,588 | 0.84 | (f) | 0.84 | (f) | 1.94 | (f) | 58 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.48 | 0.07 | — | 0.47 | 0.54 | — | — | — | — | 0.54 | 9.02 | 6.42 | (e) | 34,676 | 1.09 | (f) | 1.09 | (f) | 1.69 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.61 | 0.24 | — | (4.60 | ) | (4.36 | ) | (0.54 | ) | (0.21 | ) | — | (0.75 | ) | (5.11 | ) | 8.50 | (32.50 | ) | 186,855 | 0.81 | 0.81 | 1.83 | 237 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.56 | 0.22 | — | (4.59 | ) | (4.37 | ) | (0.50 | ) | (0.21 | ) | — | (0.71 | ) | (5.08 | ) | 8.48 | (32.67 | ) | 36,265 | 1.06 | 1.06 | 1.58 | — |
238
Table of Contents
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Global Advisers HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 12.71 | $ | 0.23 | $ | — | $ | 1.83 | $ | 2.06 | $ | (0.12 | ) | $ | (1.04 | ) | $ | — | $ | (1.16 | ) | $ | 0.90 | $ | 13.61 | 16.59 | % | $ | 316,929 | 0.80 | % | 0.80 | % | 1.74 | % | 85 | % | |||||||||||||||||||||||||||||||
Class IB | 12.67 | 0.20 | — | 1.82 | 2.02 | (0.09 | ) | (1.04 | ) | — | (1.13 | ) | 0.89 | 13.56 | 16.30 | 67,293 | 1.05 | 1.05 | 1.49 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.48 | 0.23 | 0.02 | 0.83 | 1.08 | (0.38 | ) | (0.47 | ) | — | (0.85 | ) | 0.23 | 12.71 | 8.84 | (g) | 306,498 | 0.82 | 0.82 | 1.73 | 88 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.41 | 0.20 | 0.02 | 0.83 | 1.05 | (0.32 | ) | (0.47 | ) | — | (0.79 | ) | 0.26 | 12.67 | 8.56 | (g) | 64,076 | 1.07 | 1.07 | 1.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.53 | 0.21 | — | 0.20 | 0.41 | (0.46 | ) | — | — | (0.46 | ) | (0.05 | ) | 12.48 | 3.37 | 332,169 | 0.83 | 0.83 | 1.59 | 502 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.44 | 0.23 | — | 0.14 | 0.37 | (0.40 | ) | — | — | (0.40 | ) | (0.03 | ) | 12.41 | 3.11 | 71,346 | 1.09 | 1.09 | 1.33 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.15 | 0.19 | — | 1.19 | 1.38 | — | — | — | — | 1.38 | 12.53 | 12.75 | 362,757 | 0.84 | 0.84 | 1.27 | 511 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.09 | 0.14 | — | 1.21 | 1.35 | — | — | — | — | 1.35 | 12.44 | 12.47 | 86,937 | 1.09 | 1.09 | 1.02 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Global Equity HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 6.16 | 0.06 | — | 0.73 | 0.79 | — | — | — | — | 0.79 | 6.95 | 12.80 | (e) | 51,673 | 1.11 | (f) | 1.01 | (f) | 2.06 | (f) | 73 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 6.15 | 0.06 | — | 0.72 | 0.78 | — | — | — | — | 0.78 | 6.93 | 12.67 | (e) | 30,886 | 1.36 | (f) | 1.26 | (f) | 1.81 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) January 31, 2008 through December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA(i) | 10.00 | — | — | (3.78 | ) | (3.79 | ) | (0.05 | ) | — | 0.01 | (0.06 | ) | (3.84 | ) | 6.16 | (37.87 | )(e) | 48,627 | 1.02 | (f) | 0.94 | (f) | 1.29 | (f) | 335 | (j) | |||||||||||||||||||||||||||||||||||||||||
Class IB(i) | 10.00 | (0.08 | ) | — | (3.72 | ) | (3.80 | ) | (0.04 | ) | — | 0.01 | (0.05 | ) | (3.85 | ) | 6.15 | (38.01 | )(e) | 31,008 | 1.27 | (f) | 1.19 | (f) | 0.99 | (f) | — | |||||||||||||||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.17 | 0.06 | — | 0.89 | 0.95 | — | — | — | — | 0.95 | 11.12 | 9.29 | (f) | 423,689 | 0.80 | (f) | 0.80 | (f) | 1.18 | (f) | 41 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.12 | 0.05 | — | 0.88 | 0.93 | — | — | — | — | 0.93 | 11.05 | 9.15 | (f) | 111,706 | 1.05 | (f) | 1.05 | (f) | 0.93 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.42 | 0.12 | — | (11.56 | ) | (11.44 | ) | (0.12 | ) | (0.69 | ) | — | (0.81 | ) | (12.25 | ) | 10.17 | (52.46 | ) | 419,183 | 0.75 | 0.75 | 0.67 | 76 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.27 | 0.08 | — | (11.47 | ) | (11.39 | ) | (0.07 | ) | (0.69 | ) | — | (0.76 | ) | (12.15 | ) | 10.12 | (52.58 | ) | 112,226 | 1.00 | 1.00 | 0.42 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.09 | 0.03 | — | 4.84 | 4.87 | (0.01 | ) | (2.53 | ) | — | (2.54 | ) | 2.33 | 22.42 | 25.05 | 1,028,843 | 0.73 | 0.73 | 0.13 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.02 | (0.02 | ) | — | 4.81 | 4.79 | (0.01 | ) | (2.53 | ) | — | (2.54 | ) | 2.25 | 22.27 | 24.74 | 299,788 | 0.98 | 0.98 | (0.11 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.74 | 0.10 | 0.05 | 2.48 | 2.63 | (0.16 | ) | (1.12 | ) | — | (1.28 | ) | 1.35 | 20.09 | 14.14 | (g) | 942,258 | 0.76 | 0.76 | 0.48 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.66 | 0.05 | 0.05 | 2.47 | 2.57 | (0.09 | ) | (1.12 | ) | — | (1.21 | ) | 1.36 | 20.02 | 13.86 | (g) | 280,283 | 1.01 | 1.01 | 0.23 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.41 | 0.14 | — | 0.33 | 0.47 | (0.14 | ) | — | — | (0.14 | ) | 0.33 | 18.74 | 2.59 | 935,539 | 0.77 | 0.77 | 0.74 | 262 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.32 | 0.07 | — | 0.35 | 0.42 | (0.08 | ) | — | — | (0.08 | ) | 0.34 | 18.66 | 2.33 | 280,050 | 1.02 | 1.02 | 0.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.53 | 0.12 | — | 2.85 | 2.97 | (0.09 | ) | — | — | (0.09 | ) | 2.88 | 18.41 | 19.19 | 1,004,850 | 0.78 | 0.78 | 0.83 | 255 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.47 | 0.10 | — | 2.82 | 2.92 | (0.07 | ) | — | — | (0.07 | ) | 2.85 | 18.32 | 18.89 | 273,202 | 1.03 | 1.03 | 0.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Global Health HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.66 | 0.04 | — | 0.11 | 0.15 | — | — | — | — | 0.15 | 10.81 | 1.40 | (e) | 139,034 | 0.91 | (f) | 0.91 | (f) | 0.59 | (f) | 50 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.46 | 0.02 | — | 0.11 | 0.13 | — | — | — | — | 0.13 | 10.59 | 1.27 | (e) | 57,276 | 1.16 | (f) | 1.16 | (f) | 0.34 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.39 | 0.06 | — | (3.99 | ) | (3.93 | ) | (0.06 | ) | (0.74 | ) | — | (0.80 | ) | (4.73 | ) | 10.66 | (25.56 | ) | 179,087 | 0.88 | 0.88 | 0.42 | 57 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.11 | 0.02 | — | (3.91 | ) | (3.89 | ) | (0.02 | ) | (0.74 | ) | — | (0.76 | ) | (4.65 | ) | 10.46 | (25.75 | ) | 62,080 | 1.13 | 1.13 | 0.17 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.84 | 0.03 | — | 0.99 | 1.02 | (0.02 | ) | (2.45 | ) | — | (2.47 | ) | (1.45 | ) | 15.39 | 6.12 | 289,561 | 0.87 | 0.87 | 0.16 | 39 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.59 | (0.02 | ) | — | 0.99 | 0.97 | — | (2.45 | ) | — | (2.45 | ) | (1.48 | ) | 15.11 | 5.86 | 105,898 | 1.12 | 1.12 | (0.09 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 17.66 | 0.02 | — | 1.75 | 1.77 | (0.01 | ) | (2.58 | ) | — | (2.59 | ) | (0.82 | ) | 16.84 | 11.19 | (g) | 319,896 | 0.88 | 0.88 | 0.11 | 34 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 17.47 | (0.02 | ) | — | 1.72 | 1.70 | — | (2.58 | ) | — | (2.58 | ) | (0.88 | ) | 16.59 | 10.91 | (g) | 119,000 | 1.13 | 1.13 | (0.13 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.92 | 0.01 | — | 1.94 | 1.95 | (0.01 | ) | (1.20 | ) | — | (1.21 | ) | 0.74 | 17.66 | 12.43 | 309,235 | 0.87 | 0.87 | 0.12 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.78 | (0.01 | ) | — | 1.90 | 1.89 | — | (1.20 | ) | — | (1.20 | ) | 0.69 | 17.47 | 12.15 | 123,593 | 1.12 | 1.12 | (0.13 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.52 | — | — | 1.95 | 1.95 | (0.01 | ) | (0.54 | ) | — | (0.55 | ) | 1.40 | 16.92 | 12.80 | 309,640 | 0.88 | 0.88 | 0.07 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.43 | (0.01 | ) | — | 1.90 | 1.89 | — | (0.54 | ) | — | (0.54 | ) | 1.35 | 16.78 | 12.52 | 125,592 | 1.13 | 1.13 | (0.18 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||
239
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 7.53 | $ | 0.03 | $ | — | $ | 0.77 | $ | 0.80 | $ | — | $ | — | $ | — | $ | — | $ | 0.80 | $ | 8.33 | 10.63 | %(e) | $ | 210,974 | 0.87 | %(f) | 0.87 | %(f) | 0.66 | %(f) | 44 | % | ||||||||||||||||||||||||||||||||||
Class IB | 7.42 | 0.02 | — | 0.76 | 0.78 | — | — | — | — | 0.78 | 8.20 | 10.49 | (e) | 77,979 | 1.12 | (f) | 1.12 | (f) | 0.41 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.39 | 0.03 | — | (5.47 | ) | (5.44 | ) | (0.03 | ) | (0.39 | ) | — | (0.42 | ) | (5.86 | ) | 7.53 | (41.79 | ) | 203,993 | 0.84 | 0.84 | 0.27 | 93 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.18 | — | — | (5.37 | ) | (5.37 | ) | — | (0.39 | ) | — | (0.39 | ) | (5.76 | ) | 7.42 | (41.93 | ) | 81,720 | 1.09 | 1.09 | 0.02 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.32 | 0.01 | — | 2.01 | 2.02 | — | (0.95 | ) | — | (0.95 | ) | 1.07 | 13.39 | 16.78 | 388,985 | 0.83 | 0.83 | 0.11 | 101 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.17 | (0.02 | ) | — | 1.98 | 1.96 | — | (0.95 | ) | — | (0.95 | ) | 1.01 | 13.18 | 16.49 | 189,987 | 1.08 | 1.08 | (0.14 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.54 | 0.01 | 0.01 | 0.56 | 0.58 | (0.01 | ) | (0.79 | ) | — | (0.80 | ) | (0.22 | ) | 12.32 | 4.61 | (g) | 379,601 | 0.84 | 0.84 | 0.10 | 95 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.42 | (0.02 | ) | 0.01 | 0.55 | 0.54 | — | (0.79 | ) | — | (0.79 | ) | (0.25 | ) | 12.17 | 4.35 | (g) | 190,063 | 1.09 | 1.09 | (0.14 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.47 | 0.01 | 0.01 | 0.53 | 0.55 | — | (0.48 | ) | — | (0.48 | ) | 0.07 | 12.54 | 4.67 | (g) | 345,558 | 0.84 | 0.84 | 0.02 | 76 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.38 | (0.04 | ) | 0.01 | 0.55 | 0.52 | — | (0.48 | ) | — | (0.48 | ) | 0.04 | 12.42 | 4.42 | (g) | 206,105 | 1.09 | 1.09 | (0.23 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.16 | 0.01 | — | 1.39 | 1.40 | — | (0.09 | ) | — | (0.09 | ) | 1.31 | 12.47 | 12.49 | 249,473 | 0.86 | 0.86 | 0.09 | 79 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.11 | 0.01 | — | 1.35 | 1.36 | — | (0.09 | ) | — | (0.09 | ) | 1.27 | 12.38 | 12.21 | 170,895 | 1.11 | 1.11 | (0.16 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 17.05 | 0.06 | — | 0.63 | 0.69 | — | — | — | — | 0.69 | 17.74 | 4.02 | (e) | 767,592 | 0.65 | (f) | 0.65 | (f) | 0.79 | (f) | 80 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.89 | 0.05 | — | 0.61 | 0.66 | — | — | — | — | 0.66 | 17.55 | 3.90 | (e) | 118,696 | 0.90 | (f) | 0.90 | (f) | 0.54 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.75 | 0.12 | — | (14.65 | ) | (14.53 | ) | (0.10 | ) | (1.07 | ) | — | (1.17 | ) | (15.70 | ) | 17.05 | (45.66 | ) | 752,898 | 0.64 | 0.64 | 0.45 | 154 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.40 | 0.06 | — | (14.47 | ) | (14.41 | ) | (0.03 | ) | (1.07 | ) | — | (1.10 | ) | (15.51 | ) | 16.89 | (45.80 | ) | 123,883 | 0.89 | 0.89 | 0.20 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 30.13 | 0.05 | — | 8.62 | 8.67 | (0.05 | ) | (6.00 | ) | — | (6.05 | ) | 2.62 | 32.75 | 29.65 | 1,415,613 | 0.64 | 0.64 | 0.16 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.90 | (0.02 | ) | — | 8.53 | 8.51 | (0.01 | ) | (6.00 | ) | — | (6.01 | ) | 2.50 | 32.40 | 29.33 | 277,421 | 0.89 | 0.89 | (0.09 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 30.07 | 0.22 | 0.03 | 3.27 | 3.52 | (0.24 | ) | (3.22 | ) | — | (3.46 | ) | 0.06 | 30.13 | 12.05 | (g) | 1,103,590 | 0.65 | 0.65 | 0.71 | 139 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.85 | 0.14 | 0.03 | 3.25 | 3.42 | (0.15 | ) | (3.22 | ) | — | (3.37 | ) | 0.05 | 29.90 | 11.79 | (g) | 197,797 | 0.90 | 0.90 | 0.46 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 27.63 | 0.09 | 0.03 | 4.36 | 4.48 | (0.06 | ) | (1.98 | ) | — | (2.04 | ) | 2.44 | 30.07 | 16.31 | (g) | 1,012,774 | 0.64 | 0.64 | 0.33 | 140 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 27.44 | 0.01 | 0.03 | 4.35 | 4.39 | — | (1.98 | ) | — | (1.98 | ) | 2.41 | 29.85 | 16.02 | (g) | 179,308 | 0.89 | 0.89 | 0.06 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 23.57 | 0.05 | — | 4.01 | 4.06 | — | — | — | — | 4.06 | 27.63 | 17.18 | 848,674 | 0.63 | 0.63 | 0.23 | 137 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 23.48 | 0.03 | — | 3.93 | 3.96 | — | — | — | — | 3.96 | 27.44 | 16.89 | 112,896 | 0.88 | 0.88 | (0.03 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford High Yield HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 5.73 | 0.31 | — | 0.93 | 1.24 | — | — | — | — | 1.24 | 6.97 | 21.65 | (e) | 414,307 | 0.74 | (f) | 0.74 | (f) | 10.51 | (f) | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 5.68 | 0.31 | — | 0.91 | 1.22 | — | — | — | — | 1.22 | 6.90 | 21.50 | (e) | 159,338 | 0.99 | (f) | 0.99 | (f) | 10.26 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.87 | 0.83 | — | (3.12 | ) | (2.29 | ) | (0.85 | ) | — | — | (0.85 | ) | (3.14 | ) | 5.73 | (25.23 | ) | 293,839 | 0.74 | 0.74 | 9.05 | 101 | |||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.78 | 0.83 | — | (3.11 | ) | (2.28 | ) | (0.82 | ) | — | — | (0.82 | ) | (3.10 | ) | 5.68 | (25.42 | ) | 124,701 | 0.99 | 0.99 | 8.76 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.35 | 0.71 | — | (0.45 | ) | 0.26 | (0.74 | ) | — | — | (0.74 | ) | (0.48 | ) | 8.87 | 2.79 | 460,243 | 0.77 | 0.72 | 7.47 | 148 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.27 | 0.68 | — | (0.45 | ) | 0.23 | (0.72 | ) | — | — | (0.72 | ) | (0.49 | ) | 8.78 | 2.53 | 222,712 | 1.02 | 0.97 | 7.20 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.80 | 0.72 | — | 0.31 | 1.03 | (1.48 | ) | — | — | (1.48 | ) | (0.45 | ) | 9.35 | 11.17 | (g) | 471,327 | 0.77 | 0.72 | 7.39 | 160 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.70 | 0.69 | — | 0.30 | 0.99 | (1.42 | ) | — | — | (1.42 | ) | (0.43 | ) | 9.27 | 10.89 | (g) | 264,525 | 1.02 | 0.97 | 7.14 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.26 | 0.74 | 0.05 | (0.58 | ) | 0.21 | (0.67 | ) | — | — | (0.67 | ) | (0.46 | ) | 9.80 | 2.13 | (g) | 443,859 | 0.77 | 0.76 | 6.51 | 138 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.17 | 0.71 | 0.05 | (0.59 | ) | 0.17 | (0.64 | ) | — | — | (0.64 | ) | (0.47 | ) | 9.70 | 1.85 | (g) | 272,538 | 1.02 | 1.01 | 6.25 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.06 | 0.58 | — | 0.12 | 0.70 | (0.50 | ) | — | — | (0.50 | ) | 0.20 | 10.26 | 7.40 | 518,881 | 0.77 | 0.77 | 6.31 | 92 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.98 | 0.64 | — | 0.03 | 0.67 | (0.48 | ) | — | — | (0.48 | ) | 0.19 | 10.17 | 7.14 | 309,672 | 1.02 | 1.02 | 6.06 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Index HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.75 | 0.21 | — | 0.37 | 0.58 | — | — | — | — | 0.58 | 19.33 | 3.09 | (e) | 702,685 | 0.34 | (f) | 0.34 | (f) | 2.31 | (f) | 3 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.69 | 0.19 | — | 0.36 | 0.55 | — | — | — | — | 0.55 | 19.24 | 2.94 | (e) | 135,807 | 0.59 | (f) | 0.59 | (f) | 2.06 | (f) | — |
240
Table of Contents
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Index HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 31.54 | $ | 0.59 | $ | — | $ | (12.16 | ) | $ | (11.57 | ) | $ | (0.58 | ) | $ | (0.64 | ) | $ | — | $ | (1.22 | ) | $ | (12.79 | ) | $ | 18.75 | (37.11 | )% | $ | 718,081 | 0.32 | % | 0.32 | % | 2.02 | % | 4 | % | ||||||||||||||||||||||||||||
Class IB | 31.40 | 0.51 | — | (12.07 | ) | (11.56 | ) | (0.51 | ) | (0.64 | ) | — | (1.15 | ) | (12.71 | ) | 18.69 | (37.27 | ) | 138,014 | 0.57 | 0.57 | 1.77 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.36 | 0.59 | — | 1.07 | 1.66 | (0.57 | ) | (1.91 | ) | — | (2.48 | ) | (0.82 | ) | 31.54 | 5.20 | 1,390,827 | 0.33 | 0.33 | 1.61 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.22 | 0.48 | — | 1.09 | 1.57 | (0.48 | ) | (1.91 | ) | — | (2.39 | ) | (0.82 | ) | 31.40 | 4.94 | 271,967 | 0.58 | 0.58 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 31.97 | 0.56 | — | 4.05 | 4.61 | (0.56 | ) | (3.66 | ) | — | (4.22 | ) | 0.39 | 32.36 | 15.46 | (g) | 1,598,176 | 0.42 | 0.33 | 1.60 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 31.84 | 0.44 | — | 4.06 | 4.50 | (0.46 | ) | (3.66 | ) | — | (4.12 | ) | 0.38 | 32.22 | 15.17 | (g) | 276,850 | 0.67 | 0.58 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.17 | 0.51 | — | 0.90 | 1.41 | (0.61 | ) | (1.00 | ) | — | (1.61 | ) | (0.20 | ) | 31.97 | 4.50 | 1,701,424 | 0.42 | 0.42 | 1.46 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.02 | 0.40 | — | 0.93 | 1.33 | (0.51 | ) | (1.00 | ) | — | (1.51 | ) | (0.18 | ) | 31.84 | 4.24 | 263,579 | 0.67 | 0.67 | 1.21 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 29.60 | 0.50 | — | 2.56 | 3.06 | (0.39 | ) | (0.10 | ) | — | (0.49 | ) | 2.57 | 32.17 | 10.39 | 1,973,470 | 0.44 | 0.44 | 1.60 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.49 | 0.44 | — | 2.53 | 2.97 | (0.34 | ) | (0.10 | ) | — | (0.44 | ) | 2.53 | 32.02 | 10.12 | 252,959 | 0.69 | 0.69 | 1.35 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 5.85 | 0.08 | — | 0.18 | 0.26 | — | — | — | — | 0.26 | 6.11 | 4.30 | (e) | 276,199 | 0.92 | (f) | 0.92 | (f) | 2.81 | (f) | 217 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 5.83 | 0.08 | — | 0.16 | 0.24 | — | — | — | — | 0.24 | 6.07 | 4.17 | (e) | 89,656 | 1.17 | (f) | 1.17 | (f) | 2.56 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.47 | 0.14 | — | (8.09 | ) | (7.95 | ) | (0.10 | ) | (0.57 | ) | — | (0.67 | ) | (8.62 | ) | 5.85 | (56.78 | ) | 293,243 | 0.84 | 0.84 | 1.25 | 381 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.36 | 0.12 | — | (8.01 | ) | (7.89 | ) | (0.07 | ) | (0.57 | ) | — | (0.64 | ) | (8.53 | ) | 5.83 | (56.89 | ) | 108,766 | 1.09 | 1.09 | 1.00 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.18 | 0.11 | — | 3.13 | 3.24 | (0.11 | ) | (2.84 | ) | — | (2.95 | ) | 0.29 | 14.47 | 23.91 | 791,757 | 0.83 | 0.83 | 0.75 | 239 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.10 | 0.08 | — | 3.09 | 3.17 | (0.07 | ) | (2.84 | ) | — | (2.91 | ) | 0.26 | 14.36 | 23.60 | 336,747 | 1.08 | 1.08 | 0.53 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.48 | 0.10 | — | 2.84 | 2.94 | (0.11 | ) | (1.13 | ) | — | (1.24 | ) | 1.70 | 14.18 | 24.08 | (g) | 574,806 | 0.88 | 0.88 | 0.70 | 164 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.40 | 0.06 | — | 2.83 | 2.89 | (0.06 | ) | (1.13 | ) | — | (1.19 | ) | 1.70 | 14.10 | 23.77 | (g) | 302,729 | 1.13 | 1.13 | 0.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.45 | 0.11 | — | 0.60 | 0.71 | (0.10 | ) | (0.58 | ) | — | (0.68 | ) | 0.03 | 12.48 | 6.16 | 370,555 | 0.93 | 0.93 | 1.05 | 179 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.37 | 0.06 | — | 0.61 | 0.67 | (0.06 | ) | (0.58 | ) | — | (0.64 | ) | 0.03 | 12.40 | 5.89 | 244,572 | 1.18 | 1.18 | 0.79 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.20 | 0.05 | — | 2.44 | 2.49 | — | (0.24 | ) | — | (0.24 | ) | 2.25 | 12.45 | 24.72 | 208,703 | 0.97 | 0.97 | 0.86 | 215 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.16 | 0.06 | — | 2.39 | 2.45 | — | (0.24 | ) | — | (0.24 | ) | 2.21 | 12.37 | 24.40 | 137,183 | 1.22 | 1.22 | 0.61 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.40 | 0.12 | — | 0.56 | 0.68 | — | — | — | — | 0.68 | 9.08 | 7.88 | (e) | 1,061,384 | 0.76 | (f) | 0.76 | (f) | 2.99 | (f) | 91 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.51 | 0.11 | — | 0.56 | 0.67 | — | — | — | — | 0.67 | 9.18 | 7.75 | (e) | 193,984 | 1.01 | (f) | 1.01 | (f) | 2.74 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.62 | 0.28 | — | (6.68 | ) | (6.40 | ) | (0.28 | ) | (0.54 | ) | — | (0.82 | ) | (7.22 | ) | 8.40 | (42.25 | ) | 1,046,234 | 0.71 | 0.71 | 2.21 | 158 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.78 | 0.27 | — | (6.76 | ) | (6.49 | ) | (0.24 | ) | (0.54 | ) | — | (0.78 | ) | (7.27 | ) | 8.51 | (42.39 | ) | 189,221 | 0.96 | 0.96 | 1.96 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.23 | 0.18 | — | 3.77 | 3.95 | (0.19 | ) | (3.37 | ) | — | (3.56 | ) | 0.39 | 15.62 | 27.43 | 2,027,078 | 0.71 | 0.71 | 1.13 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.36 | 0.16 | — | 3.78 | 3.94 | (0.15 | ) | (3.37 | ) | — | (3.52 | ) | 0.42 | 15.78 | 27.11 | 417,144 | 0.96 | 0.96 | 0.89 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.59 | 0.22 | — | 3.05 | 3.27 | (0.40 | ) | (1.23 | ) | — | (1.63 | ) | 1.64 | 15.23 | 24.46 | (g) | 1,596,055 | 0.75 | 0.75 | 1.47 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.52 | 0.18 | — | 3.07 | 3.25 | (0.18 | ) | (1.23 | ) | — | (1.41 | ) | 1.84 | 15.36 | 24.15 | (g) | 382,371 | 1.00 | 1.00 | 1.24 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.86 | 0.14 | — | 1.59 | 1.73 | — | — | — | — | 1.73 | 13.59 | 14.62 | 1,251,426 | 0.78 | 0.78 | 1.22 | 120 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.83 | 0.13 | — | 1.56 | 1.69 | — | — | — | — | 1.69 | 13.52 | 14.33 | 319,626 | 1.03 | 1.03 | 0.97 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.11 | 0.10 | — | 1.73 | 1.83 | (0.08 | ) | — | — | (0.08 | ) | 1.75 | 11.86 | 18.08 | 1,054,884 | 0.80 | 0.80 | 1.13 | 142 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.09 | 0.08 | — | 1.72 | 1.80 | (0.06 | ) | — | — | (0.06 | ) | 1.74 | 11.83 | 17.79 | 247,752 | 1.05 | 1.05 | 0.88 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Small Company HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.30 | 0.08 | — | 0.82 | 0.90 | — | — | — | — | 0.90 | 9.20 | 10.85 | (e) | 134,222 | 0.94 | (f) | 0.94 | (f) | 2.11 | (f) | 77 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.24 | 0.07 | — | 0.81 | 0.88 | — | — | — | — | 0.88 | 9.12 | 10.71 | (e) | 39,917 | 1.19 | (f) | 1.19 | (f) | 1.86 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.07 | 0.20 | — | (6.45 | ) | (6.25 | ) | (0.15 | ) | (0.37 | ) | — | (0.52 | ) | (6.77 | ) | 8.30 | (42.44 | ) | 133,595 | 0.89 | 0.89 | 1.67 | 98 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.93 | 0.17 | — | (6.37 | ) | (6.20 | ) | (0.12 | ) | (0.37 | ) | — | (0.49 | ) | (6.69 | ) | 8.24 | (42.58 | ) | 39,265 | 1.14 | 1.14 | 1.42 | — |
241
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Small Company HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 16.77 | $ | 0.18 | $ | — | $ | 1.23 | $ | 1.41 | $ | (0.31 | ) | $ | (2.80 | ) | $ | — | $ | (3.11 | ) | $ | (1.70 | ) | $ | 15.07 | 9.01 | % | $ | 312,269 | 0.88 | % | 0.88 | % | 0.81 | % | 97 | % | ||||||||||||||||||||||||||||||
Class IB | 16.64 | 0.13 | — | 1.22 | 1.35 | (0.26 | ) | (2.80 | ) | — | (3.06 | ) | (1.71 | ) | 14.93 | 8.73 | 105,771 | 1.13 | 1.13 | 0.56 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.84 | 0.18 | — | 4.08 | 4.26 | (0.32 | ) | (2.01 | ) | — | (2.33 | ) | 1.93 | 16.77 | 29.34 | (g) | 294,660 | 0.93 | 0.93 | 1.05 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.71 | 0.15 | — | 4.04 | 4.19 | (0.25 | ) | (2.01 | ) | — | (2.26 | ) | 1.93 | 16.64 | 29.01 | (g) | 117,251 | 1.18 | 1.18 | 0.82 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.52 | 0.11 | — | 2.44 | 2.55 | (0.38 | ) | (1.85 | ) | — | (2.23 | ) | 0.32 | 14.84 | 18.60 | 193,712 | 1.00 | 1.00 | 1.19 | 95 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.42 | 0.08 | — | 2.40 | 2.48 | (0.34 | ) | (1.85 | ) | — | (2.19 | ) | 0.29 | 14.71 | 18.30 | 92,157 | 1.25 | 1.25 | 0.97 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.62 | 0.16 | — | 1.96 | 2.12 | — | (0.22 | ) | — | (0.22 | ) | 1.90 | 14.52 | 16.96 | 84,012 | 1.08 | 1.08 | 1.53 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.56 | 0.14 | — | 1.94 | 2.08 | — | (0.22 | ) | — | (0.22 | ) | 1.86 | 14.42 | 16.67 | 54,750 | 1.33 | 1.33 | 1.28 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford LargeCap Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.88 | 0.05 | — | 1.08 | 1.13 | — | — | — | — | 1.13 | 11.01 | 11.39 | (e) | 96,686 | 0.69 | (f) | 0.69 | (f) | 1.04 | (f) | 82 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.87 | 0.03 | — | 1.08 | 1.11 | — | — | — | — | 1.11 | 10.98 | 11.25 | (e) | 3,903 | 0.94 | (f) | 0.94 | (f) | 0.79 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 19.78 | 0.12 | — | (7.82 | ) | (7.70 | ) | (0.12 | ) | — | (2.08 | ) | (2.20 | ) | (9.90 | ) | 9.88 | (42.96 | ) | 87,150 | 0.66 | 0.66 | 0.77 | 157 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB(k) | 17.22 | 0.04 | — | (5.19 | ) | (5.15 | ) | (0.12 | ) | — | (2.08 | ) | (2.20 | ) | (7.35 | ) | 9.87 | (34.61 | )(e) | 2,207 | 0.91 | (f) | 0.91 | (f) | 1.18 | (f) | — | |||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.18 | 0.11 | — | 1.02 | 1.13 | (0.11 | ) | (1.42 | ) | — | (1.53 | ) | (0.40 | ) | 19.78 | 5.52 | 171,565 | 0.68 | 0.47 | 0.53 | 247 | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.74 | 0.07 | — | 1.44 | 1.51 | (0.07 | ) | — | — | (0.07 | ) | 1.44 | 20.18 | 8.04 | 139,150 | 0.89 | 0.78 | 0.31 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 17.84 | 0.07 | — | 0.98 | 1.05 | (0.15 | ) | — | — | (0.15 | ) | 0.90 | 18.74 | 5.85 | 155,020 | 0.91 | 0.81 | 0.32 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.42 | 0.10 | — | 1.35 | 1.45 | (0.03 | ) | — | — | (0.03 | ) | 1.42 | 17.84 | 8.90 | 173,702 | 0.90 | 0.90 | 0.56 | 26 | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford MidCap HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.21 | 0.05 | — | 1.06 | 1.11 | — | — | — | — | 1.11 | 17.32 | 6.82 | (e) | 1,618,370 | 0.72 | (f) | 0.72 | (f) | 0.57 | (f) | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.06 | 0.03 | — | 1.04 | 1.07 | — | — | — | — | 1.07 | 17.13 | 6.67 | (e) | 153,106 | 0.97 | (f) | 0.97 | (f) | 0.32 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 26.34 | 0.12 | — | (9.03 | ) | (8.91 | ) | (0.12 | ) | (1.10 | ) | — | (1.22 | ) | (10.13 | ) | 16.21 | (35.32 | ) | 1,552,741 | 0.69 | 0.69 | 0.51 | 92 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 26.08 | 0.06 | — | (8.92 | ) | (8.86 | ) | (0.06 | ) | (1.10 | ) | — | (1.16 | ) | (10.02 | ) | 16.06 | (35.49 | ) | 169,328 | 0.94 | 0.94 | 0.26 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 26.99 | 0.06 | — | 3.99 | 4.05 | (0.15 | ) | (4.55 | ) | — | (4.70 | ) | (0.65 | ) | 26.34 | 15.30 | 2,716,285 | 0.69 | 0.69 | 0.22 | 79 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 26.76 | (0.01 | ) | — | 3.95 | 3.94 | (0.07 | ) | (4.55 | ) | — | (4.62 | ) | (0.68 | ) | 26.08 | 15.01 | 302,151 | 0.94 | 0.94 | (0.03 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 28.73 | 0.33 | 0.04 | 2.92 | 3.29 | (0.33 | ) | (4.70 | ) | — | (5.03 | ) | (1.74 | ) | 26.99 | 11.74 | (g) | 2,606,275 | 0.68 | 0.68 | 1.06 | 89 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 28.53 | 0.25 | 0.04 | 2.89 | 3.18 | (0.25 | ) | (4.70 | ) | — | (4.95 | ) | (1.77 | ) | 26.76 | 11.46 | (g) | 274,695 | 0.93 | 0.93 | 0.82 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 28.61 | 0.11 | 0.01 | 4.60 | 4.72 | (0.12 | ) | (4.48 | ) | — | (4.60 | ) | 0.12 | 28.73 | 16.78 | (g) | 2,529,805 | 0.70 | 0.70 | 0.39 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 28.42 | 0.01 | 0.01 | 4.59 | 4.61 | (0.02 | ) | (4.48 | ) | — | (4.50 | ) | 0.11 | 28.53 | 16.49 | (g) | 254,833 | 0.95 | 0.95 | 0.14 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 24.63 | 0.12 | — | 3.93 | 4.05 | (0.07 | ) | — | — | (0.07 | ) | 3.98 | 28.61 | 16.44 | 2,193,649 | 0.70 | 0.70 | 0.47 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 24.50 | 0.08 | — | 3.87 | 3.95 | (0.03 | ) | — | — | (0.03 | ) | 3.92 | 28.42 | 16.15 | 221,727 | 0.95 | 0.95 | 0.22 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford MidCap Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 5.34 | 0.01 | — | 0.95 | 0.96 | — | — | — | — | 0.96 | 6.30 | 17.95 | (e) | 68,033 | 0.85 | (f) | 0.85 | (f) | 0.36 | (f) | 105 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 5.34 | — | — | 0.95 | 0.95 | — | — | — | — | 0.95 | 6.29 | 17.83 | (e) | 17,385 | 1.10 | (f) | 1.10 | (f) | 0.11 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.19 | 0.03 | — | (4.76 | ) | (4.73 | ) | (0.03 | ) | (0.09 | ) | — | (0.12 | ) | (4.85 | ) | 5.34 | (46.85 | ) | 38,447 | 0.85 | 0.85 | 0.53 | 201 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB(l) | 9.04 | 0.01 | — | (3.60 | ) | (3.59 | ) | (0.02 | ) | (0.09 | ) | — | (0.11 | ) | (3.70 | ) | 5.34 | (40.17 | )(e) | 8,702 | 1.10 | (f) | 1.10 | (f) | 0.32 | (f) | — | |||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.88 | 0.03 | 0.02 | 1.23 | 1.28 | (0.06 | ) | (1.91 | ) | — | (1.97 | ) | (0.69 | ) | 10.19 | 11.65 | (g) | 51,196 | 0.85 | 0.65 | 0.26 | 231 | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.33 | (0.01 | ) | — | 1.39 | 1.38 | — | (1.83 | ) | — | (1.83 | ) | (0.45 | ) | 10.88 | 12.27 | 53,395 | 0.98 | 0.78 | (0.08 | ) | 211 | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.63 | (0.04 | ) | — | 0.53 | 0.49 | — | (1.79 | ) | — | (1.79 | ) | (1.30 | ) | 11.33 | 4.55 | 55,209 | 1.01 | 0.81 | (0.39 | ) | 112 |
242
Table of Contents
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford MidCap Growth HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 11.21 | $ | 0.01 | $ | — | $ | 1.43 | $ | 1.44 | $ | (0.02 | ) | $ | — | $ | — | $ | (0.02 | ) | $ | 1.42 | $ | 12.63 | 12.83 | % | $ | 59,730 | 0.94 | % | 0.94 | % | 0.02 | % | 179 | % | ||||||||||||||||||||||||||||||||
Hartford MidCap Value HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 5.82 | 0.03 | — | 0.59 | 0.62 | — | — | — | — | 0.62 | 6.44 | 10.79 | (e) | 294,255 | 0.86 | (f) | 0.86 | (f) | 0.94 | (f) | 25 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 5.80 | 0.02 | — | 0.60 | 0.62 | — | — | — | — | 0.62 | 6.42 | 10.65 | (e) | 124,397 | 1.11 | (f) | 1.11 | (f) | 0.69 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.34 | 0.07 | — | (4.35 | ) | (4.28 | ) | (0.06 | ) | (2.18 | ) | — | (2.24 | ) | (6.52 | ) | 5.82 | (40.21 | ) | 301,896 | 0.81 | 0.81 | 0.82 | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.30 | 0.05 | — | (4.33 | ) | (4.28 | ) | (0.04 | ) | (2.18 | ) | — | (2.22 | ) | (6.50 | ) | 5.80 | (40.36 | ) | 128,483 | 1.06 | 1.06 | 0.57 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.18 | 0.08 | — | 0.51 | 0.59 | (0.07 | ) | (2.36 | ) | — | (2.43 | ) | (1.84 | ) | 12.34 | 2.13 | 615,430 | 0.79 | 0.79 | 0.53 | 50 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.13 | 0.04 | — | 0.53 | 0.57 | (0.04 | ) | (2.36 | ) | — | (2.40 | ) | (1.83 | ) | 12.30 | 1.87 | 300,502 | 1.04 | 1.04 | 0.28 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.01 | 0.10 | 0.01 | 2.11 | 2.22 | (0.12 | ) | (1.93 | ) | — | (2.05 | ) | 0.17 | 14.18 | 17.88 | (g) | 721,469 | 0.78 | 0.78 | 0.73 | 41 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.96 | 0.07 | 0.01 | 2.10 | 2.18 | (0.08 | ) | (1.93 | ) | — | (2.01 | ) | 0.17 | 14.13 | 17.59 | (g) | 370,771 | 1.03 | 1.03 | 0.51 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.16 | 0.06 | 0.01 | 1.23 | 1.30 | (0.08 | ) | (1.37 | ) | — | (1.45 | ) | (0.15 | ) | 14.01 | 9.99 | (g) | 721,631 | 0.79 | 0.79 | 0.35 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.08 | (0.02 | ) | 0.01 | 1.27 | 1.26 | (0.01 | ) | (1.37 | ) | — | (1.38 | ) | (0.12 | ) | 13.96 | 9.71 | (g) | 391,264 | 1.04 | 1.04 | 0.10 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.37 | 0.03 | — | 1.96 | 1.99 | (0.01 | ) | (0.19 | ) | — | (0.20 | ) | 1.79 | 14.16 | 16.30 | 770,328 | 0.80 | 0.80 | 0.34 | 87 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.32 | 0.02 | — | 1.93 | 1.95 | — | (0.19 | ) | — | (0.19 | ) | 1.76 | 14.08 | 16.01 | 435,812 | 1.05 | 1.05 | 0.09 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.02 | (e) | 3,723,023 | 0.48 | (f) | 0.41 | (f) | 0.04 | (f) | N/A | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | — | (e) | 682,144 | 0.56 | (f) | 0.44 | (f) | 0.00 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 2.15 | 4,427,230 | 0.47 | 0.42 | 2.01 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 1.89 | 774,432 | 0.72 | 0.67 | 1.80 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.95 | 2,224,124 | 0.47 | 0.42 | 4.83 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 452,976 | 0.72 | 0.67 | 4.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 1,558,433 | 0.48 | 0.48 | 4.63 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.04 | — | — | 0.04 | (0.04 | ) | — | — | (0.04 | ) | — | 1.00 | 4.43 | 319,926 | 0.73 | 0.73 | 4.38 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.84 | 1,353,836 | 0.49 | 0.49 | 2.79 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.58 | 264,040 | 0.75 | 0.75 | 2.54 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.94 | 1,294,525 | 0.48 | 0.48 | 0.93 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.69 | 252,808 | 0.73 | 0.73 | 0.68 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Small Company HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.01 | — | — | 0.57 | 0.57 | — | — | — | — | 0.57 | 11.58 | 5.23 | (e) | 886,019 | 0.76 | (f) | 0.76 | (f) | (0.03 | )(f) | 108 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.76 | (0.01 | ) | — | 0.56 | 0.55 | — | — | — | — | 0.55 | 11.31 | 5.13 | (e) | 176,973 | 1.01 | (f) | 1.01 | (f) | (0.28 | )(f) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.62 | 0.02 | — | (7.56 | ) | (7.54 | ) | (0.02 | ) | (0.05 | ) | — | (0.07 | ) | (7.61 | ) | 11.01 | (40.60 | ) | 793,078 | 0.71 | 0.71 | 0.16 | 194 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.20 | (0.01 | ) | — | (7.38 | ) | (7.39 | ) | — | (0.05 | ) | — | (0.05 | ) | (7.44 | ) | 10.76 | (40.73 | ) | 179,411 | 0.96 | 0.96 | (0.09 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 19.07 | — | 0.04 | 2.57 | 2.61 | (0.05 | ) | (3.01 | ) | — | (3.06 | ) | (0.45 | ) | 18.62 | 14.23 | (g) | 1,292,444 | 0.70 | 0.70 | (0.02 | ) | 167 | (l) | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.71 | (0.05 | ) | 0.04 | 2.51 | 2.50 | — | (3.01 | ) | — | (3.01 | ) | (0.51 | ) | 18.20 | 13.94 | (g) | 312,775 | 0.95 | 0.95 | (0.27 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 19.66 | 0.05 | 0.02 | 2.75 | 2.82 | (0.04 | ) | (3.37 | ) | — | (3.41 | ) | (0.59 | ) | 19.07 | 14.43 | (g) | 1,138,830 | 0.73 | 0.73 | 0.21 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 19.38 | — | 0.02 | 2.70 | 2.72 | (0.02 | ) | (3.37 | ) | — | (3.39 | ) | (0.67 | ) | 18.71 | 14.14 | (g) | 304,757 | 0.98 | 0.98 | (0.03 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.25 | (0.04 | ) | 0.02 | 3.43 | 3.41 | — | — | — | — | 3.41 | 19.66 | 21.01 | (g) | 1,017,271 | 0.75 | 0.75 | (0.08 | ) | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.06 | (0.05 | ) | 0.02 | 3.35 | 3.32 | — | — | — | — | 3.32 | 19.38 | 20.71 | (g) | 220,310 | 1.00 | 1.00 | (0.34 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.49 | (0.07 | ) | — | 1.83 | 1.76 | — | — | — | — | 1.76 | 16.25 | 12.18 | 904,912 | 0.75 | 0.75 | (0.41 | ) | 141 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.35 | (0.09 | ) | — | 1.80 | 1.71 | — | — | — | — | 1.71 | 16.06 | 11.90 | 230,452 | 1.00 | 1.00 | (0.66 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||
243
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford SmallCap Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 11.57 | $ | — | $ | — | $ | 1.03 | $ | 1.03 | $ | — | $ | — | $ | — | $ | — | $ | 1.03 | $ | 12.60 | 8.90 | %(e) | $ | 352,500 | 0.66 | %(f) | 0.66 | %(f) | (0.07 | )%(f) | 45 | % | ||||||||||||||||||||||||||||||||||
Class IB | 11.53 | (0.02 | ) | — | 1.04 | 1.02 | — | — | — | — | 1.02 | 12.55 | 8.77 | (e) | 122,239 | 0.91 | (f) | 0.91 | (f) | (0.32 | )(f) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.71 | 0.05 | — | (7.00 | ) | (6.95 | ) | (0.07 | ) | (0.12 | ) | — | (0.19 | ) | (7.14 | ) | 11.57 | (37.42 | ) | 332,330 | 0.64 | 0.64 | 0.24 | 99 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.66 | — | — | (6.96 | ) | (6.96 | ) | (0.05 | ) | (0.12 | ) | — | (0.17 | ) | (7.13 | ) | 11.53 | (37.57 | ) | 115,827 | 0.89 | 0.89 | (0.01 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.79 | 0.11 | — | (0.53 | ) | (0.42 | ) | (0.06 | ) | (1.60 | ) | — | (1.66 | ) | (2.08 | ) | 18.71 | (1.84 | ) | 640,853 | 0.63 | 0.63 | 0.52 | 84 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.74 | 0.06 | — | (0.54 | ) | (0.48 | ) | — | (1.60 | ) | — | (1.60 | ) | (2.08 | ) | 18.66 | (2.09 | ) | 227,424 | 0.88 | 0.88 | 0.27 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.88 | 0.09 | — | 1.35 | 1.44 | (0.08 | ) | (1.45 | ) | — | (1.53 | ) | (0.09 | ) | 20.79 | 6.86 | (g) | 746,266 | 0.64 | 0.64 | 0.42 | 92 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.83 | 0.04 | — | 1.35 | 1.39 | (0.03 | ) | (1.45 | ) | — | (1.48 | ) | (0.09 | ) | 20.74 | 6.59 | (g) | 273,736 | 0.89 | 0.89 | 0.17 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.26 | 0.05 | 0.04 | 2.13 | 2.22 | (0.08 | ) | (1.22 | ) | (0.30 | ) | (1.60 | ) | 0.62 | 20.88 | 11.02 | (g) | 704,168 | 0.63 | 0.63 | 0.20 | 77 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.21 | (0.02 | ) | 0.04 | 2.15 | 2.17 | (0.03 | ) | (1.22 | ) | (0.30 | ) | (1.55 | ) | 0.62 | 20.83 | 10.78 | (g) | 271,859 | 0.88 | 0.88 | (0.05 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 17.55 | 0.04 | — | 2.67 | 2.71 | — | — | — | — | 2.71 | 20.26 | 15.43 | 503,717 | 0.64 | 0.64 | 0.27 | 88 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 17.55 | 0.03 | — | 2.63 | 2.66 | — | — | — | — | 2.66 | 20.21 | 15.14 | 201,589 | 0.89 | 0.89 | 0.02 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford SmallCap Value HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 7.37 | 0.04 | — | 0.05 | 0.09 | — | — | — | — | 0.09 | 7.46 | 1.32 | (e) | 59,603 | 1.00 | (f) | 1.00 | (f) | 1.28 | (f) | 35 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 7.33 | 0.03 | — | 0.05 | 0.08 | — | — | — | — | 0.08 | 7.41 | 1.10 | (e) | 4,372 | 1.25 | (f) | 1.25 | (f) | 1.03 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.69 | 0.15 | — | (3.27 | ) | (3.12 | ) | (0.12 | ) | (0.08 | ) | — | (0.20 | ) | (3.32 | ) | 7.37 | (29.36 | ) | 58,193 | 0.95 | 0.95 | 1.65 | 54 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.66 | 0.05 | — | (3.19 | ) | (3.14 | ) | (0.11 | ) | (0.08 | ) | — | (0.19 | ) | (3.33 | ) | 7.33 | (29.57 | ) | 2,898 | 1.20 | 1.20 | 1.90 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.99 | 0.18 | — | (0.77 | ) | (0.59 | ) | (0.17 | ) | (1.54 | ) | — | (1.71 | ) | (2.30 | ) | 10.69 | (4.44 | ) | 81,895 | 0.96 | 0.96 | 1.27 | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.97 | 0.11 | — | (0.73 | ) | (0.62 | ) | (0.15 | ) | (1.54 | ) | — | (1.69 | ) | (2.31 | ) | 10.66 | (4.67 | ) | 240 | 1.21 | 1.21 | 1.08 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.77 | 0.21 | — | 2.26 | 2.47 | (0.20 | ) | (3.05 | ) | — | (3.25 | ) | (0.78 | ) | 12.99 | 18.31 | 102,233 | 0.99 | 0.99 | 1.35 | 166 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.74 | 0.17 | — | 2.27 | 2.44 | (0.16 | ) | (3.05 | ) | — | (3.21 | ) | (0.77 | ) | 12.97 | 18.02 | 171 | 1.24 | 1.24 | 1.07 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.61 | 0.15 | — | 1.08 | 1.23 | (0.23 | ) | (3.84 | ) | — | (4.07 | ) | (2.84 | ) | 13.77 | 8.11 | 103,350 | 0.92 | 0.92 | 0.94 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.59 | 0.16 | — | 1.02 | 1.18 | (0.19 | ) | (3.84 | ) | — | (4.03 | ) | (2.85 | ) | 13.74 | 7.83 | 146 | 1.17 | 1.17 | 0.71 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.81 | 0.13 | — | 1.92 | 2.05 | (0.10 | ) | (0.15 | ) | — | (0.25 | ) | 1.80 | 16.61 | 13.98 | 114,296 | 0.92 | 0.92 | 0.80 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.78 | 0.15 | — | 1.91 | 2.06 | (0.10 | ) | (0.15 | ) | — | (0.25 | ) | 1.81 | 16.59 | 14.06 | 32 | 1.17 | 1.17 | 0.55 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 25.86 | 0.23 | — | 2.90 | 3.13 | — | — | — | — | 3.13 | 28.99 | 12.10 | (e) | 1,837,012 | 0.51 | (f) | 0.51 | (f) | 1.68 | (f) | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 25.84 | 0.20 | — | 2.89 | 3.09 | — | — | — | — | 3.09 | 28.93 | 11.96 | (e) | 291,324 | 0.76 | (f) | 0.76 | (f) | 1.43 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 47.11 | 0.59 | — | (20.79 | ) | (20.20 | ) | (0.81 | ) | (0.24 | ) | — | (1.05 | ) | (21.25 | ) | 25.86 | (43.13 | ) | 1,810,864 | 0.49 | 0.49 | 1.38 | 89 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 47.00 | 0.50 | — | (20.72 | ) | (20.22 | ) | (0.70 | ) | (0.24 | ) | — | (0.94 | ) | (21.16 | ) | 25.84 | (43.27 | ) | 287,794 | 0.74 | 0.74 | 1.13 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 52.57 | 0.60 | — | 2.43 | 3.03 | (0.57 | ) | (7.92 | ) | — | (8.49 | ) | (5.46 | ) | 47.11 | 5.90 | 3,909,045 | 0.49 | 0.49 | 1.01 | 96 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 52.45 | 0.45 | — | 2.44 | 2.89 | (0.42 | ) | (7.92 | ) | — | (8.34 | ) | (5.45 | ) | 47.00 | 5.64 | 652,838 | 0.74 | 0.74 | 0.76 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 49.21 | 0.72 | 0.06 | 6.41 | 7.19 | (0.71 | ) | (3.12 | ) | — | (3.83 | ) | 3.36 | 52.57 | 14.65 | (g) | 4,498,001 | 0.49 | 0.49 | 1.27 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 49.10 | 0.56 | 0.06 | 6.42 | 7.04 | (0.57 | ) | (3.12 | ) | — | (3.69 | ) | 3.35 | 52.45 | 14.37 | (g) | 758,802 | 0.74 | 0.74 | 1.02 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 45.72 | 0.66 | — | 3.72 | 4.38 | (0.89 | ) | — | — | (0.89 | ) | 3.49 | 49.21 | 9.62 | 4,787,612 | 0.50 | 0.50 | 1.21 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 45.59 | 0.51 | — | 3.74 | 4.25 | (0.74 | ) | — | — | (0.74 | ) | 3.51 | 49.10 | 9.35 | 770,163 | 0.75 | 0.75 | 0.96 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 44.37 | 0.74 | — | 1.10 | 1.84 | (0.49 | ) | — | — | (0.49 | ) | 1.35 | 45.72 | 4.17 | 5,657,942 | 0.49 | 0.49 | 1.61 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 44.29 | 0.64 | — | 1.08 | 1.72 | (0.42 | ) | — | — | (0.42 | ) | 1.30 | 45.59 | 3.91 | 718,293 | 0.74 | 0.74 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.54 | 0.24 | — | 0.43 | 0.67 | — | — | — | — | 0.67 | 10.21 | 7.03 | (e) | 3,415,942 | 0.50 | (f) | 0.50 | (f) | 5.05 | (f) | 94 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.50 | 0.23 | — | 0.43 | 0.66 | — | — | — | — | 0.66 | 10.16 | 6.90 | (e) | 745,304 | 0.75 | (f) | 0.75 | (f) | 4.80 | (f) | — |
244
Table of Contents
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 11.15 | $ | 0.62 | $ | — | $ | (1.49 | ) | $ | (0.87 | ) | $ | (0.74 | ) | $ | — | $ | — | $ | (0.74 | ) | $ | (1.61 | ) | $ | 9.54 | (7.62 | )% | $ | 3,167,919 | 0.49 | % | 0.49 | % | 5.54 | % | 173 | % | |||||||||||||||||||||||||||||
Class IB | 11.09 | 0.67 | — | (1.55 | ) | (0.88 | ) | (0.71 | ) | — | — | (0.71 | ) | (1.59 | ) | 9.50 | (7.85 | ) | 740,580 | 0.74 | 0.74 | 5.27 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.24 | 0.60 | — | (0.08 | ) | 0.52 | (0.61 | ) | — | — | (0.61 | ) | (0.09 | ) | 11.15 | 4.67 | 3,458,709 | 0.49 | 0.49 | 5.27 | 223 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.19 | 0.57 | — | (0.09 | ) | 0.48 | (0.58 | ) | — | — | (0.58 | ) | (0.10 | ) | 11.09 | 4.41 | 1,036,331 | 0.74 | 0.74 | 5.01 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.27 | 0.55 | — | (0.01 | ) | 0.54 | (0.57 | ) | — | — | (0.57 | ) | (0.03 | ) | 11.24 | 4.80 | (g) | 3,041,321 | 0.50 | 0.50 | 4.82 | 344 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.20 | 0.51 | — | — | 0.51 | (0.52 | ) | — | — | (0.52 | ) | (0.01 | ) | 11.19 | 4.54 | (g) | 1,040,408 | 0.75 | 0.75 | 4.56 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.94 | 0.44 | — | (0.14 | ) | 0.30 | (0.88 | ) | (0.09 | ) | — | (0.97 | ) | (0.67 | ) | 11.27 | 2.45 | 2,745,115 | 0.50 | 0.50 | 4.09 | 190 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.86 | 0.43 | — | (0.17 | ) | 0.26 | (0.83 | ) | (0.09 | ) | — | (0.92 | ) | (0.66 | ) | 11.20 | 2.19 | 1,068,600 | 0.75 | 0.75 | 3.84 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.32 | 0.40 | — | 0.12 | 0.52 | (0.58 | ) | (0.32 | ) | — | (0.90 | ) | (0.38 | ) | 11.94 | 4.62 | 2,507,021 | 0.50 | 0.50 | 3.72 | 164 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.25 | 0.45 | — | 0.04 | 0.49 | (0.56 | ) | (0.32 | ) | — | (0.88 | ) | (0.39 | ) | 11.86 | 4.36 | 991,065 | 0.75 | 0.75 | 3.47 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Hartford U.S. Government Securities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.19 | 0.21 | — | (0.14 | ) | 0.07 | — | — | — | — | 0.07 | 10.26 | 0.64 | (e) | 1,134,115 | 0.47 | (f) | 0.47 | (f) | 3.86 | (f) | 82 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.16 | 0.20 | — | (0.14 | ) | 0.06 | — | — | — | — | 0.06 | 10.22 | 0.51 | (e) | 292,689 | 0.72 | (f) | 0.72 | (f) | 3.61 | (f) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.15 | 0.44 | — | (0.51 | ) | (0.07 | ) | (0.89 | ) | — | — | (0.89 | ) | (0.96 | ) | 10.19 | (0.64 | ) | 1,243,275 | 0.46 | 0.46 | 4.56 | 83 | |||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.10 | 0.18 | — | (0.29 | ) | (0.11 | ) | (0.83 | ) | — | — | (0.83 | ) | (0.94 | ) | 10.16 | (0.89 | ) | 334,013 | 0.71 | 0.71 | 4.31 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.13 | 0.54 | — | (0.07 | ) | 0.47 | (0.45 | ) | — | — | (0.45 | ) | 0.02 | 11.15 | 4.38 | 925,088 | 0.47 | 0.47 | 4.86 | 95 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.07 | 0.51 | — | (0.06 | ) | 0.45 | (0.42 | ) | — | — | (0.42 | ) | 0.03 | 11.10 | 4.12 | 297,934 | 0.72 | 0.72 | 4.61 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.09 | 0.49 | — | (0.06 | ) | 0.43 | (0.39 | ) | — | — | (0.39 | ) | 0.04 | 11.13 | 4.01 | 711,639 | 0.48 | 0.48 | 4.48 | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.03 | 0.46 | — | (0.06 | ) | 0.40 | (0.36 | ) | — | — | (0.36 | ) | 0.04 | 11.07 | 3.75 | 290,963 | 0.73 | 0.73 | 4.21 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.24 | 0.35 | — | (0.17 | ) | 0.18 | (0.33 | ) | — | — | (0.33 | ) | (0.15 | ) | 11.09 | 1.55 | 591,007 | 0.47 | 0.47 | 3.60 | 257 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.19 | 0.37 | — | (0.22 | ) | 0.15 | (0.31 | ) | — | — | (0.31 | ) | (0.16 | ) | 11.03 | 1.30 | 323,920 | 0.72 | 0.72 | 3.34 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.43 | 0.29 | — | (0.07 | ) | 0.22 | (0.41 | ) | — | — | (0.41 | ) | (0.19 | ) | 11.24 | 2.07 | 523,819 | 0.47 | 0.47 | 3.08 | 247 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.39 | 0.37 | — | (0.18 | ) | 0.19 | (0.39 | ) | — | — | (0.39 | ) | (0.20 | ) | 11.19 | 1.82 | 294,711 | 0.72 | 0.72 | 2.83 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Hartford Value HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 7.77 | 0.08 | — | 0.13 | 0.21 | — | — | — | — | 0.21 | 7.98 | 2.69 | (e) | 215,583 | 0.86 | (f) | 0.86 | (f) | 2.12 | (f) | 34 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 7.77 | 0.07 | — | 0.13 | 0.20 | — | — | — | — | 0.20 | 7.97 | 2.56 | (e) | 57,938 | 1.11 | (f) | 1.11 | (f) | 1.87 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.83 | 0.20 | — | (4.36 | ) | (4.16 | ) | (0.20 | ) | (0.70 | ) | — | (0.90 | ) | (5.06 | ) | 7.77 | (34.03 | ) | 217,460 | 0.84 | 0.84 | 1.87 | 57 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.81 | 0.20 | — | (4.37 | ) | (4.17 | ) | (0.17 | ) | (0.70 | ) | — | (0.87 | ) | (5.04 | ) | 7.77 | (34.20 | ) | 63,338 | 1.09 | 1.09 | 1.62 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.06 | 0.17 | — | 1.02 | 1.19 | (0.17 | ) | (1.25 | ) | — | (1.42 | ) | (0.23 | ) | 12.83 | 8.98 | 327,689 | 0.84 | 0.84 | 1.42 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.03 | 0.16 | — | 1.00 | 1.16 | (0.13 | ) | (1.25 | ) | — | (1.38 | ) | (0.22 | ) | 12.81 | 8.70 | 131,651 | 1.09 | 1.09 | 1.14 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.18 | 0.15 | — | 2.23 | 2.38 | (0.15 | ) | (0.35 | ) | — | (0.50 | ) | 1.88 | 13.06 | 21.82 | (g) | 277,982 | 0.85 | 0.85 | 1.37 | 40 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.14 | 0.13 | — | 2.21 | 2.34 | (0.10 | ) | (0.35 | ) | — | (0.45 | ) | 1.89 | 13.03 | 21.52 | (g) | 148,135 | 1.10 | 1.10 | 1.10 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.73 | 0.15 | — | 0.71 | 0.86 | (0.27 | ) | (0.14 | ) | — | (0.41 | ) | 0.45 | 11.18 | 8.13 | 193,655 | 0.86 | 0.86 | 1.42 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.67 | 0.10 | — | 0.73 | 0.83 | (0.22 | ) | (0.14 | ) | — | (0.36 | ) | 0.47 | 11.14 | 7.86 | 129,771 | 1.11 | 1.11 | 1.17 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.72 | 0.13 | — | 0.91 | 1.04 | (0.03 | ) | — | — | (0.03 | ) | 1.01 | 10.73 | 10.71 | 162,644 | 0.87 | 0.87 | 1.36 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.69 | 0.12 | — | 0.89 | 1.01 | (0.03 | ) | — | — | (0.03 | ) | 0.98 | 10.67 | 10.43 | 120,227 | 1.12 | 1.12 | 1.11 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Value Opportunities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.77 | 0.06 | — | 1.13 | 1.19 | — | — | — | — | 1.19 | 9.96 | 13.52 | (e) | 209,359 | 0.68 | (f) | 0.68 | (f) | 1.33 | (f) | 57 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.75 | 0.05 | — | 1.11 | 1.16 | — | — | — | — | 1.16 | 9.91 | 13.37 | (e) | 47,591 | 0.93 | (f) | 0.93 | (f) | 1.08 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.42 | 0.20 | — | (6.50 | ) | (6.30 | ) | (0.26 | ) | (0.09 | ) | — | (0.35 | ) | (6.65 | ) | 8.77 | (41.06 | ) | 200,913 | 0.64 | 0.64 | 1.42 | 59 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.35 | 0.18 | — | (6.47 | ) | (6.29 | ) | (0.22 | ) | (0.09 | ) | — | (0.31 | ) | (6.60 | ) | 8.75 | (41.21 | ) | 46,917 | 0.89 | 0.89 | 1.17 | — |
245
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Value Opportunities HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 19.74 | $ | 0.25 | $ | — | $ | (1.48 | ) | $ | (1.23 | ) | $ | (0.25 | ) | $ | (2.84 | ) | $ | — | $ | (3.09 | ) | $ | (4.32 | ) | $ | 15.42 | (6.29 | )% | $ | 456,402 | 0.64 | % | 0.64 | % | 1.21 | % | 57 | % | ||||||||||||||||||||||||||||
Class IB | 19.64 | 0.22 | — | (1.48 | ) | (1.26 | ) | (0.19 | ) | (2.84 | ) | — | (3.03 | ) | (4.29 | ) | 15.35 | (6.53 | ) | 122,159 | 0.89 | 0.89 | 0.96 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.93 | 0.25 | 0.01 | 3.14 | 3.40 | (0.26 | ) | (2.33 | ) | — | (2.59 | ) | 0.81 | 19.74 | 19.02 | (h) | 508,648 | 0.64 | 0.64 | 1.31 | 52 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.83 | 0.21 | 0.01 | 3.11 | 3.33 | (0.19 | ) | (2.33 | ) | — | (2.52 | ) | 0.81 | 19.64 | 18.73 | (h) | 164,151 | 0.89 | 0.89 | 1.05 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.16 | 0.14 | — | 1.34 | 1.48 | (0.26 | ) | (0.45 | ) | — | (0.71 | ) | 0.77 | 18.93 | 8.32 | 390,113 | 0.65 | 0.65 | 1.05 | 52 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.06 | 0.09 | — | 1.33 | 1.42 | (0.20 | ) | (0.45 | ) | — | (0.65 | ) | 0.77 | 18.83 | 8.05 | 151,960 | 0.90 | 0.90 | 0.79 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.33 | 0.13 | — | 2.75 | 2.88 | (0.05 | ) | — | — | (0.05 | ) | 2.83 | 18.16 | 18.87 | 259,593 | 0.67 | 0.67 | 1.10 | 80 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.27 | 0.11 | — | 2.72 | 2.83 | (0.04 | ) | — | — | (0.04 | ) | 2.79 | 18.06 | 18.58 | 81,772 | 0.92 | 0.92 | 0.85 | — |
(a) | Information presented relates to a share outstanding throughout the indicated period. | |
(b) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(c) | Ratios do not reflect reductions for fees paid indirectly. Please see Fees Paid Indirectly in the Notes to Financial Statements. | |
(d) | Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between the classes of shares issued. | |
(e) | Not annualized. | |
(f) | Annualized. | |
(g) | Total return without the inclusion of the Payment from (to) Affiliate, as noted on the Statement of Operations, can be found in Expenses in the accompanying Notes to Financial Statements. | |
(h) | Per share amounts have been calculated using the average shares method. | |
(i) | Commenced operations on January 31, 2008. | |
(j) | During the year ended December 31, 2008, Hartford Global Equity HLS Fund incurred $95.4 million in sales associated with the transition of assets from Hartford Global Communications HLS Fund, Hartford Financial Services HLS Fund and Hartford Global Technology HLS Fund, which merged into Hartford Global Equity HLS Fund on August 22, 2008. These sales were excluded from the portfolio turnover rate calculation. | |
(k) | Commenced operations on March 31, 2008. | |
(l) | During the year ended December 31, 2007, Hartford Small Company HLS Fund received a $12.6 million in-kind subscription of securities from a shareholder in exchange for shares of this fund. This payment-in-kind was excluded from the portfolio turnover rate calculation. |
246
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Fund can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong* (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
* Prior to May 8, 2009, Mr. Birdsong held a beneficial ownership interest in the common stock of Wells Fargo & Company (“Wells Fargo”). On October 3, 2008, Wells Fargo agreed to acquire Wachovia Corporation, a majority shareholder of Metropolitan West Capital Management, LLC (“MetWest Capital”), a sub-adviser to the Hartford SmallCap Value HLS Fund. On October 20, 2008, Wells Fargo purchased preferred stock of Wachovia Corporation with a voting interest greater than 25%. On December 31, 2008, the merger was completed. As a result of these transactions, Wells Fargo may be deemed to control MetWest Capital as of October 20, 2008. Because of his prior beneficial ownership interest in Wells Fargo common stock, Mr. Birdsong was not considered to be an independent director with respect to the Hartford SmallCap Value HLS Fund from October 20, 2008 to May 8, 2009.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
247
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Directors and Officers (Unaudited) — (continued)
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007-2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005-2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001-2007.
248
Table of Contents
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
249
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs(in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,095.99 | $ | 3.43 | $ | 1,000.00 | $ | 1021.52 | $ | 3.30 | 0.66 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,094.63 | $ | 4.72 | $ | 1,000.00 | $ | 1020.28 | $ | 4.55 | 0.91 | % | 181 | 365 | |||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,153.75 | $ | 3.62 | $ | 1,000.00 | $ | 1020.40 | $ | 3.40 | 0.68 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,153.45 | $ | 4.96 | $ | 1,000.00 | $ | 1020.18 | $ | 4.65 | 0.93 | % | 181 | 365 | |||||||||||||||||||||
Hartford Disciplined Equity HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,048.12 | $ | 3.80 | $ | 1,000.00 | $ | 1021.07 | $ | 3.75 | 0.75 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,046.81 | $ | 5.07 | $ | 1,000.00 | $ | 1019.83 | $ | 5.00 | 1.00 | % | 181 | 365 | |||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,026.98 | $ | 3.46 | $ | 1,000.00 | $ | 1021.37 | $ | 3.45 | 0.69 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,025.69 | $ | 4.72 | $ | 1,000.00 | $ | 1020.13 | $ | 4.70 | 0.94 | % | 181 | 365 | |||||||||||||||||||||
Hartford Equity Income HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 973.28 | $ | 4.25 | $ | 1,000.00 | $ | 1020.48 | $ | 4.35 | 0.87 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 972.08 | $ | 5.47 | $ | 1,000.00 | $ | 1019.24 | $ | 5.60 | 1.12 | % | 181 | 365 | |||||||||||||||||||||
Hartford Fundamental Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,116.71 | $ | 4.56 | $ | 1,000.00 | $ | 1020.48 | $ | 4.35 | 0.87 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,115.33 | $ | 5.87 | $ | 1,000.00 | $ | 1019.24 | $ | 5.60 | 1.12 | % | 181 | 365 | |||||||||||||||||||||
Hartford Global Advisers HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,065.55 | $ | 4.30 | $ | 1,000.00 | $ | 1020.62 | $ | 4.20 | 0.84 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,064.24 | $ | 5.57 | $ | 1,000.00 | $ | 1019.38 | $ | 5.45 | 1.09 | % | 181 | 365 | |||||||||||||||||||||
Hartford Global Equity HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,128.03 | $ | 5.32 | $ | 1,000.00 | $ | 1019.78 | $ | 5.05 | 1.01 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,126.72 | $ | 6.64 | $ | 1,000.00 | $ | 1018.54 | $ | 6.30 | 1.26 | % | 181 | 365 | |||||||||||||||||||||
Hartford Global Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,092.86 | $ | 4.15 | $ | 1,000.00 | $ | 1020.82 | $ | 4.00 | 0.80 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,091.50 | $ | 5.44 | $ | 1,000.00 | $ | 1019.58 | $ | 5.25 | 1.05 | % | 181 | 365 | |||||||||||||||||||||
Hartford Global Health HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,013.99 | $ | 4.54 | $ | 1,000.00 | $ | 1020.28 | $ | 4.55 | 0.91 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,012.70 | $ | 5.78 | $ | 1,000.00 | $ | 1019.04 | $ | 5.80 | 1.16 | % | 181 | 365 | |||||||||||||||||||||
Hartford Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,106.34 | $ | 4.54 | $ | 1,000.00 | $ | 1020.48 | $ | 4.35 | 0.87 | % | 181 | 365 |
250
Table of Contents
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,104.91 | $ | 5.84 | $ | 1,000.00 | $ | 1019.24 | $ | 5.60 | 1.12 | % | 181 | 365 | |||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,040.24 | $ | 3.28 | $ | 1,000.00 | $ | 1021.57 | $ | 3.25 | 0.65 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,038.96 | $ | 4.55 | $ | 1,000.00 | $ | 1020.33 | $ | 4.50 | 0.90 | % | 181 | 365 | |||||||||||||||||||||
Hartford High Yield HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,216.51 | $ | 4.06 | $ | 1,000.00 | $ | 1021.12 | $ | 3.70 | 0.74 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,215.01 | $ | 5.43 | $ | 1,000.00 | $ | 1019.88 | $ | 4.95 | 0.99 | % | 181 | 365 | |||||||||||||||||||||
Hartford Index HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,029.83 | $ | 1.71 | $ | 1,000.00 | $ | 1022.08 | $ | 1.70 | 0.34 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,029.41 | $ | 2.96 | $ | 1,000.00 | $ | 1021.86 | $ | 2.95 | 0.59 | % | 181 | 365 | |||||||||||||||||||||
Hartford International Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,043.02 | $ | 4.66 | $ | 1,000.00 | $ | 1020.23 | $ | 4.60 | 0.92 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,041.70 | $ | 5.92 | $ | 1,000.00 | $ | 1018.99 | $ | 5.85 | 1.17 | % | 181 | 365 | |||||||||||||||||||||
Hartford International Opportunities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,078.84 | $ | 3.91 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,077.49 | $ | 5.20 | $ | 1,000.00 | $ | 1019.78 | $ | 5.05 | 1.01 | % | 181 | 365 | |||||||||||||||||||||
Hartford International Small Company HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,107.36 | $ | 4.90 | $ | 1,000.00 | $ | 1019.11 | $ | 4.70 | 0.94 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,107.10 | $ | 6.21 | $ | 1,000.00 | $ | 1018.89 | $ | 5.95 | 1.19 | % | 181 | 365 | |||||||||||||||||||||
Hartford LargeCap Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,113.93 | $ | 3.61 | $ | 1,000.00 | $ | 1021.37 | $ | 3.45 | 0.69 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,112.54 | $ | 4.92 | $ | 1,000.00 | $ | 1020.13 | $ | 4.70 | 0.94 | % | 181 | 365 | |||||||||||||||||||||
Hartford MidCap HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,068.22 | $ | 3.69 | $ | 1,000.00 | $ | 1021.22 | $ | 3.60 | 0.72 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,066.73 | $ | 4.97 | $ | 1,000.00 | $ | 1019.98 | $ | 4.85 | 0.97 | % | 181 | 365 | |||||||||||||||||||||
Hartford MidCap Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,179.50 | $ | 4.59 | $ | 1,000.00 | $ | 1020.57 | $ | 4.25 | 0.85 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,178.25 | $ | 5.94 | $ | 1,000.00 | $ | 1019.33 | $ | 5.50 | 1.10 | % | 181 | 365 | |||||||||||||||||||||
Hartford MidCap Value HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,107.87 | $ | 4.49 | $ | 1,000.00 | $ | 1020.52 | $ | 4.30 | 0.86 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,106.50 | $ | 5.79 | $ | 1,000.00 | $ | 1019.29 | $ | 5.55 | 1.11 | % | 181 | 365 | |||||||||||||||||||||
Hartford Money Market HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,000.20 | $ | 2.03 | $ | 1,000.00 | $ | 1022.76 | $ | 2.05 | 0.41 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,000.00 | $ | 2.18 | $ | 1,000.00 | $ | 1022.61 | $ | 2.20 | 0.44 | % | 181 | 365 | |||||||||||||||||||||
Hartford Small Company HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,052.27 | $ | 3.86 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,052.39 | $ | 5.14 | $ | 1,000.00 | $ | 1020.80 | $ | 5.06 | 1.01 | % | 181 | 365 | |||||||||||||||||||||
Hartford SmallCap Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,089.04 | $ | 3.41 | $ | 1,000.00 | $ | 1021.52 | $ | 3.30 | 0.66 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,087.72 | $ | 4.71 | $ | 1,000.00 | $ | 1020.28 | $ | 4.55 | 0.91 | % | 181 | 365 | |||||||||||||||||||||
Hartford SmallCap Value HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,013.23 | $ | 4.99 | $ | 1,000.00 | $ | 1019.83 | $ | 5.00 | 1.00 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,011.00 | $ | 6.23 | $ | 1,000.00 | $ | 1018.59 | $ | 6.25 | 1.25 | % | 181 | 365 | |||||||||||||||||||||
Hartford Stock HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,119.86 | $ | 2.67 | $ | 1,000.00 | $ | 1021.24 | $ | 2.55 | 0.51 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,119.61 | $ | 3.99 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Hartford Total Return Bond HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,070.32 | $ | 2.56 | $ | 1,000.00 | $ | 1022.31 | $ | 2.50 | 0.50 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,069.00 | $ | 3.84 | $ | 1,000.00 | $ | 1021.07 | $ | 3.75 | 0.75 | % | 181 | 365 | |||||||||||||||||||||
Hartford U.S. Government Securities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,006.35 | $ | 2.33 | $ | 1,000.00 | $ | 1022.46 | $ | 2.35 | 0.47 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,005.10 | $ | 3.57 | $ | 1,000.00 | $ | 1021.22 | $ | 3.60 | 0.72 | % | 181 | 365 | |||||||||||||||||||||
Hartford Value HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,026.86 | $ | 4.32 | $ | 1,000.00 | $ | 1020.52 | $ | 4.30 | 0.86 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,025.57 | $ | 5.57 | $ | 1,001.00 | $ | 1019.29 | $ | 5.55 | 1.11 | % | 181 | 365 | |||||||||||||||||||||
Hartford Value Opportunities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,135.17 | $ | 3.60 | $ | 1,000.00 | $ | 1021.42 | $ | 3.40 | 0.68 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,133.70 | $ | 4.92 | $ | 1,000.00 | $ | 1020.18 | $ | 4.65 | 0.93 | % | 181 | 365 | |||||||||||||||||||||
251
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Approval of Amended and Restated Investment Sub-Advisory Agreement (Unaudited)
Approval of Amended and Restated Investment Sub-Advisory Agreement
At a meeting held on February 4, 2009, the Board of Directors, including each of the Independent Directors, unanimously voted to approve an amendment to the investment sub-advisory agreement between HL Investment Advisors, LLC (“HL Advisors”) and Wellington Management Company LLP (“Wellington”) (“Amended Agreement”). The amendment related to the sub-advisory fees HL Advisors pays Wellington with respect to the Hartford MidCap HLS Fund (the “Fund”). In considering the approval of the Amended Agreement, the Board took into account the fact that it had approved the renewal of the investment sub-advisory agreement between HL Advisors and Wellington at the August 5-6, 2008 Board meeting with respect to the Fund and other funds sub-advised by Wellington. A discussion of the basis for the Board’s approval of the investment sub-advisory agreement is available in the Hartford Series Fund, Inc. Annual Report to shareholders for the year ended December 31, 2008. Apart from the sub-advisory fees, the material terms of the investment sub-advisory agreement did not change. The amendment took effect on February 4, 2009.
In approving the Amended Agreement, the Board reviewed materials provided by HL Advisors relating to the Amended Agreement. In addition, the Board received an in-person presentation by personnel of HL Advisors and Wellington concerning the Amended Agreement. The Board also took into account written responses and supporting materials provided by HL Advisors and Wellington. The Board also took into account information provided to the Board at its meetings throughout the year, including reports on Fund performance, compliance, shareholder services and the other services provided to the Fund by HL Advisors and Wellington.
In connection with their consideration of the annual renewal of the investment sub-advisory agreement, the Independent Directors, advised by independent legal counsel, engaged two service providers to assist them with evaluating the investment sub-advisory agreement with respect to the Fund. Lipper, Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how the Fund’s management and sub-advisory fees, overall expense ratios and investment performance compared to those of funds with similar investment objectives in various peer groups. The Independent Directors also engaged an independent financial services consulting firm (“Consultant”) to assist them in evaluating the Fund’s management and sub-advisory fees, overall expense ratios and investment performance. The Board considered the information provided to them from Lipper and the Consultant in determining to approve the Amended Agreement.
In determining to approve the Amended Agreement, the Board determined that the proposed sub-advisory fee structure for the Fund was fair and reasonable and that the amendment was in the best interests of the Fund and its shareholders. The Board considered the representations from HL Advisors that shareholders will not pay increased management fees or other fees as a result of the Amended Agreement. In determining to approve the Amended Agreement, the Board considered the following categories of material factors, among others, relating to the Amended Agreement.
Nature, Extent And Quality Of Services
The Board considered information concerning the nature, extent and quality of the services provided to the Fund by Wellington. The Board considered, among other things, the range of services provided by Wellington and Wellington’s organizational structure and regulatory/compliance history. The Board considered the quality of Wellington’s investment personnel, its ability to attract and retain qualified investment professionals, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. In addition, the Board considered the quality of Wellington’s communications with the Board and responsiveness to Board inquiries. The Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Fund by Wellington.
Investment Performance
The Board considered the investment performance of the Fund. In this regard, the Board considered the information and materials provided to the Board from HL Advisors and Lipper comparing the Fund’s short-term and long-term and recent investment performance over various periods of time with appropriate benchmark indices and with a performance universe of funds selected by Lipper. The Board also considered the analysis provided by the Consultant relating to the Fund’s performance track record. The Board concluded that the Fund’s performance over time has been satisfactory and that it had continued confidence in Wellington’s overall capabilities to provide day-to-day portfolio management to the Fund.
Costs of the Services and Profitability
The Board reviewed information regarding HL Advisors’ and Wellington’s cost to provide investment management and related services to the Fund and the profitability to them from managing the Fund. In this regard, the Board noted that the Amended Agreement increases the sub-advisory fee rate to be paid to Wellington by HL Advisors and decreases the profitability of HL Advisors. The Board also considered the representation of HL Advisors that the proposed sub-advisory fees would not impact the level and quality of services HL Advisors provides to the Fund and its shareholders. The Board concluded that the profitability realized on the proposed sub-advisory fees was reasonable given that the management fee and related expenses continue to be in line with comparable peers.
Comparison of Fees and Services Provided
The Board reviewed the investment sub-advisory fees to be paid by HL Advisors to Wellington under the Amended Agreement. The Board considered HL Advisors’ and Wellington’s representations that they had negotiated the proposed sub-advisory fees at arm’s length and Wellington’s representations that the fees charged to HL Advisors were comparable to fees charged by Wellington to similar clients. The Board concluded that the sub-advisory fees, in conjunction with the information about quality of services, profitability and other matters discussed, supports the conclusion that the proposed sub-advisory fees are reasonable.
252
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Approval of Amended and Restated Investment Sub-Advisory Agreement (Unaudited) — (continued)
Economies of Scale
The Board considered the extent to which economies of scale would be realized by the Fund and whether fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the proposed sub-advisory fee schedule for the Fund, which reduces fees as Fund assets grow over time. The Board recognized that funds with assets beyond the last breakpoint level continue to benefit from economies of scale, because additional assets are charged the lowest breakpoint fee, resulting in lower overall effective management fee rates. The Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of the Fund’s investors.
* * * *
Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of the Fund and its shareholders for the Board to approve the Amended Agreement. 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. In connection with their deliberations, the Independent Directors and the full Board met separately in executive session, with independent legal counsel, to review the relevant materials and consider their responsibilities under relevant laws and regulations.
253
Table of Contents
Hartford Series Fund, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Hartford Series Fund, Inc.
Table of Contents
Manager Discussions (Unaudited) | 1 | |
Hartford Series Fund, Inc. Financial Statements: | ||
Schedule of Investments as of June 30, 2009 (Unaudited): | ||
American Funds Asset Allocation HLS Fund | 12 | |
American Funds Blue Chip Income and Growth HLS Fund | 12 | |
American Funds Bond HLS Fund | 13 | |
American Funds Global Bond HLS Fund | 13 | |
American Funds Global Growth and Income HLS Fund | 14 | |
American Funds Global Growth HLS Fund | 14 | |
American Funds Global Small Capitalization HLS Fund | 15 | |
American Funds Growth HLS Fund | 15 | |
American Funds Growth-Income HLS Fund | 16 | |
American Funds International HLS Fund | 16 | |
American Funds New World HLS Fund | 17 | |
Statements of Assets and Liabilities as of June 30, 2009 (Unaudited) | 18 | |
Statements of Operations for the Six-Month Period Ended June 30, 2009 (Unaudited) | 20 | |
Statements of Changes in Net Assets for the Six-Month Period Ended June 30, 2009 (Unaudited) and for the Period April 30, 2008 (Commencement of Operations) through December 31, 2008 | 22 | |
Notes to Financial Statements (Unaudited) | 26 | |
Financial Highlights (Unaudited) | 31 | |
Directors and Officers (Unaudited) | 32 | |
How to Obtain a Copy of the Funds’ Proxy Voting Policies and Proxy Voting Records (Unaudited) | 34 | |
Quarterly Portfolio Holdings Information (Unaudited) | 34 | |
Expense Example (Unaudited) | 35 | |
This report is prepared for the general information of contract owners and qualified retirement plan participants. It is not an offer of contracts or of qualified retirement plans. It should not be used in connection with any offer, except in conjunction with the appropriate prospectus which contains all pertinent information including the applicable sales, administrative and other charges. |
Table of Contents
American Funds Asset Allocation HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648502.gif)
Barclays Capital U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market.
Citigroup Broad Investment-Grade Bond Index is a market capitalization-weighted index that includes fixed-rate U.S. Treasury, government-sponsored, mortgage, asset-backed and investment-grade corporates with a maturity of one year or longer.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment Goal: Seeks high total return consistent with preservation of capital over the long term.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Asset Allocation HLS Fund IB | -20.72 | % | -19.96 | % | ||||
Barclays Capital U.S. Aggregate Index | 6.05 | % | 4.43 | % | ||||
Citigroup Broad Investment-Grade Bond Index | 7.02 | % | 5.31 | % | ||||
S&P 500 Index | -26.21 | % | -27.73 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Asset Allocation HLS Fund returned 5.46% for the six-month period ended June 30, 2009, versus the returns of 3.16% for the S&P 500 Index, 1.44% for the Citigroup Broad Investment-Grade Bond Index and 1.90% for the Barclays Capital U.S. Aggregate Index. The Fund underperformed the 5.94% average return of the Lipper Mixed Asset Target Allocation Growth Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Asset Allocation HLS Fund is directly related to the performance of the American Funds Insurance Series – Asset Allocation Fund Class 1. The financial statements of the American Funds Insurance Series – Asset Allocation Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Asset Allocation HLS Fund’s financial statements.
1 |
Table of Contents
American Funds Blue Chip Income and Growth HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648503.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment Goal: Seeks to produce income exceeding the average yield of U.S. stocks generally (as represented by the average yield on the S&P 500 Index) and to provide an opportunity for growth of principal consistent with sound common stock investing.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Blue Chip Income and Growth HLS Fund IB | -23.23 | % | -27.09 | % | ||||
S&P 500 Index | -26.21 | % | -27.73 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Blue Chip Income and Growth HLS Fund returned 2.67% for the six-month period ended June 30, 2009, versus the return of 3.16% for the S&P 500 Index. The Fund underperformed the 5.23% average return of the Lipper Large Cap Core Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Blue Chip Income and Growth HLS Fund is directly related to the performance of the American Funds Insurance Series – Blue Chip Income and Growth Fund Class 1. The financial statements of the American Funds Insurance Series – Blue Chip Income and Growth Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Blue Chip Income and Growth HLS Fund’s financial statements.
2 |
Table of Contents
American Funds Bond HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648504.gif)
Barclays Capital U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market.
Citigroup Broad Investment-Grade Bond Index is a market capitalization-weighted index that includes fixed-rate U.S. Treasury, government-sponsored, mortgage, asset-backed and investment-grade corporates with a maturity of one year or longer.
Investment Goal: Seeks to maximize current income and preservation of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Bond HLS Fund IB | -3.80 | % | -4.32 | % | ||||
Barclays Capital U.S. Aggregate Index | 6.05 | % | 4.43 | % | ||||
Citigroup Broad Investment-Grade Bond Index | 7.02 | % | 5.31 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Bond HLS Fund returned 5.77% for the six-month period ended June 30, 2009, versus the returns of 1.44% for the Citigroup Broad Investment-Grade Bond Index and 1.90% for the Barclays Capital U.S. Aggregate Index. The Fund underperformed the 6.33% average return of the Lipper Corporate Debt Funds BBB-Rated VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Bond HLS Fund is directly related to the performance of the American Funds Insurance Series – Bond Fund Class 1. The financial statements of the American Funds Insurance Series – Bond Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Bond HLS Fund’s financial statements.
3 |
Table of Contents
American Funds Global Bond HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648505.gif)
Barclays Capital Global Aggregate Index represents the global investment-grade fixed-income bond markets.
Investment Goal: Seeks a high level of total return over the long term.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Global Bond HLS Fund IB | 2.11 | % | 0.81 | % | ||||
Barclays Capital Global Aggregate Index | 2.76 | % | 1.46 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Global Bond HLS Fund returned 2.49% for the six-month period ended June 30, 2009, versus the return of 1.52% for the Barclays Capital Global Aggregate Index. The Fund underperformed the 5.15% average return of the Lipper Global Income Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Global Bond HLS Fund is directly related to the performance of the American Funds Insurance Series – Global Bond Fund Class 1. The financial statements of the American Funds Insurance Series – Global Bond Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Global Bond HLS Fund’s financial statements.
4 |
Table of Contents
American Funds Global Growth and Income HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648507.gif)
MSCI All Country World Index is a free float-adjusted market capitalization-weighted index that measures equity market performance in the global developed and emerging markets, consisting of 47 developed and emerging market country indexes.
MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market performance of developed markets. The index consists of 23 developed market country indexes, including the United States.
Investment Goal: Seeks growth of capital and current income.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Global Growth and Income HLS Fund IB | -28.35 | % | -29.14 | % | ||||
MSCI All Country World Index | -28.86 | % | -29.58 | % | ||||
MSCI World Index | -29.01 | % | -29.56 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Global Growth and Income HLS Fund returned 10.44% for the six-month period ended June 30, 2009, versus the return of 9.59% for the MSCI All Country World Index and 6.79% for the MSCI World Index. The Fund underperformed the 13.70% average return of the Lipper Global Growth Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Global Growth and Income HLS Fund is directly related to the performance of the American Funds Insurance Series – Global Growth and Income Fund Class 1. The financial statements of the American Funds Insurance Series – Global Growth and Income Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Global Growth and Income HLS Fund’s financial statements.
5 |
Table of Contents
American Funds Global Growth HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648508.gif)
MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market performance of developed markets. The index consists of 23 developed market country indexes, including the United States.
Investment Goal: Seeks growth of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Global Growth HLS Fund IB | -22.45 | % | -23.74 | % | ||||
MSCI World Index | -29.01 | % | -29.56 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Global Growth HLS Fund returned 13.80% for the six-month period ended June 30, 2009, versus the return of 6.79% for the MSCI World Index. The Fund underperformed the 13.70% average return of the Lipper Global Growth Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Global Growth HLS Fund is directly related to the performance of the American Funds Insurance Series – Global Growth Fund Class 1. The financial statements of the American Funds Insurance Series – Global Growth Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Global Growth HLS Fund’s financial statements.
6 |
Table of Contents
American Funds Global Small Capitalization HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648509.gif)
S&P Global < $3 billion Index reflects a combination of two S&P/Citigroup Global indices and two S&P/Citigroup World indices that corresponds to the market capitalization ranges used by the Master Global Small Capitalization Fund during comparable periods. The S&P/Citigroup Global indices, which track publicly traded stocks around the world with market capitalizations less than $3 billion and less than $2 billion, were used from May 2006 to the present and May 2004 to April 2006, respectively. These indices better reflect the Master Global Small Capitalization Fund’s investments in developing countries during this period. The S&P/Citigroup World indices, which only include stocks in developed countries and reflect market capitalizations less than $1.5 billion and less than $1.2 billion, were used from 2000 to April 2004 and from 1998 to 1999, respectively, and reflected the Master Global Small Capitalization Fund’s investments during those times.
Investment Goal: Seeks growth of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Global Small Capitalization HLS Fund IB | -32.80 | % | -31.19 | % | ||||
S&P Global < $3 billion Index | -25.56 | % | -26.21 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Global Small Capitalization HLS Fund returned 26.85% for the six-month period ended June 30, 2009, versus the return of 20.13% for the S&P Global < $3 billion Index. The Fund outperformed the 13.70% average return of the Lipper Global Growth Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Global Small Capitalization HLS Fund is directly related to the performance of the American Funds Insurance Series – Global Small Capitalization Fund Class 1. The financial statements of the American Funds Insurance Series – Global Small Capitalization Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Global Small Capitalization HLS Fund’s financial statements.
7 |
Table of Contents
American Funds Growth HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648510.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment Goal: Seeks growth of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Growth HLS Fund IB | -31.63 | % | -29.65 | % | ||||
S&P 500 Index | -26.21 | % | -27.73 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Growth HLS Fund returned 12.78% for the six-month period ended June 30, 2009, versus the return of 3.16% for the S&P 500 Index. The Fund outperformed the 11.80% average return of the Lipper Multi-Cap Growth Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Growth HLS Fund is directly related to the performance of the American Funds Insurance Series – Growth Fund Class 1. The financial statements of the American Funds Insurance Series – Growth Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Growth HLS Fund’s financial statements.
8 |
Table of Contents
American Funds Growth-Income HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648511.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment Goal: Seeks growth of capital and income over time.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds Growth-Income HLS Fund IB | -24.81 | % | -26.32 | % | ||||
S&P 500 Index | -26.21 | % | -27.73 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds Growth-Income HLS Fund returned 7.68% for the six-month period ended June 30, 2009, versus the return of 3.16% for the S&P 500 Index. The Fund outperformed the 6.83% average return of the Lipper Multi-Cap Core Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds Growth-Income HLS Fund is directly related to the performance of the American Funds Insurance Series – Growth-Income Fund Class 1. The financial statements of the American Funds Insurance Series – Growth-Income Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds Growth-Income HLS Fund’s financial statements.
9 |
Table of Contents
American Funds International HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648512.gif)
MSCI All Country World Index ex USA is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners.
Investment Goal: Seeks growth of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds International HLS Fund IB | -24.66 | % | -26.28 | % | ||||
MSCI All Country World Index ex USA | -30.54 | % | -30.98 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds International HLS Fund returned 15.05% for the six-month period ended June 30, 2009, versus the return of 14.35% for the MSCI All Country World Index ex USA. The Fund outperformed the 7.56% average return of the Lipper International Core Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds International HLS Fund is directly related to the performance of the American Funds Insurance Series – International Fund Class 1. The financial statements of the American Funds Insurance Series – International Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds International HLS Fund’s financial statements.
10 |
Table of Contents
American Funds New World HLS Fund inception 4/30/2008
(advised by HL Investment Advisors, LLC)
Performance Overview 4/30/08 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7648513.gif)
MSCI All Country World Index is a free float-adjusted market capitalization-weighted index that measures equity market performance in the global developed and emerging markets, consisting of 47 developed and emerging market country indexes.
MSCI Emerging Markets Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets, consisting of 24 emerging market country indexes.
Investment Goal: Seeks growth of capital.
Average Annual Returns(1) (as of 6/30/09)
1 Year | Since Inception | |||||||
American Funds New World HLS Fund IB | -24.52 | % | -24.63 | % | ||||
MSCI All Country World Index | -28.86 | % | -29.58 | % | ||||
MSCI Emerging Markets Index | -27.82 | % | -29.76 | % | ||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
How did the Fund perform?
The Class IB Shares of the American Funds New World HLS Fund returned 19.75% for the six-month period ended June 30, 2009, versus the returns of 9.59% for the MSCI All Country World Index and 36.22% for the MSCI Emerging Markets Index. The Fund underperformed the 32.06% average return of the Lipper Emerging Markets Funds VP-UF peer group, a group of funds with investment strategies similar to those of the Fund.
The performance of the American Funds New World HLS Fund is directly related to the performance of the American Funds Insurance Series – New World Fund Class 1. The financial statements of the American Funds Insurance Series – New World Fund Class 1, including the Schedule of Investments, are provided separately and should be read in conjunction with the American Funds New World HLS Fund’s financial statements.
11 |
Table of Contents
American Funds Asset Allocation HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
2,935 | American Funds Insurance Series — Asset Allocation Fund Class 1 | $ | 37,540 | |||||||||
Total investment companies (Cost $40,240) | $ | 37,540 | ||||||||||
Total investments (Cost $40,240) (C) | 100.0 | % | $ | 37,540 | ||||||||
Other assets and liabilities | (— | )% | (5 | ) | ||||||||
Total net assets | 100.0 | % | $ | 37,535 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $40,240 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (2,700 | ) | ||
Net Unrealized Depreciation | $ | (2,700 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 37,540 | ||
Total | $ | 37,540 | ||
American Funds Blue Chip Income and Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
3,148 | American Funds Insurance Series — Blue Chip Income and Growth Fund Class 1 | $ | 21,500 | |||||||||
Total investment companies (Cost $23,042) | $ | 21,500 | ||||||||||
Total investments (Cost $23,042) (C) | 100.0 | % | $ | 21,500 | ||||||||
Other assets and liabilities | (— | )% | (4 | ) | ||||||||
Total net assets | 100.0 | % | $ | 21,496 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $23,152 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (1,652 | ) | ||
Net Unrealized Depreciation | $ | (1,652 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 21,500 | ||
Total | $ | 21,500 | ||
The accompanying notes are an integral part of these financial statements.
12
Table of Contents
American Funds Bond HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
11,925 | American Funds Insurance Series — Bond Fund Class 1 | $ | 118,656 | |||||||||
Total investment companies (Cost $119,045) | $ | 118,656 | ||||||||||
Total investments (Cost $119,045) (C) | 100.0 | % | $ | 118,656 | ||||||||
Other assets and liabilities | (— | )% | (13 | ) | ||||||||
Total net assets | 100.0 | % | $ | 118,643 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $119,291 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (635 | ) | ||
Net Unrealized Depreciation | $ | (635 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 118,656 | ||
Total | $ | 118,656 | ||
American Funds Global Bond HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
2,835 | American Funds Insurance Series — Global Bond Fund Class 1 | $ | 31,010 | |||||||||
Total investment companies (Cost $30,252) | $ | 31,010 | ||||||||||
Total investments (Cost $30,252) (C) | 100.0 | % | $ | 31,010 | ||||||||
Other assets and liabilities | (— | )% | (5 | ) | ||||||||
Total net assets | 100.0 | % | $ | 31,005 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $30,643 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 367 | ||
Unrealized Depreciation | — | |||
Net Unrealized Appreciation | $ | 367 | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 31,010 | ||
Total | $ | 31,010 | ||
The accompanying notes are an integral part of these financial statements.
13
Table of Contents
American Funds Global Growth and Income HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
9,071 | American Funds Insurance Series — Global Growth and Income Fund Class 1 | $ | 66,762 | |||||||||
Total investment companies (Cost $73,094) | $ | 66,762 | ||||||||||
Total investments (Cost $73,094) (C) | 100.0 | % | $ | 66,762 | ||||||||
Other assets and liabilities | (— | )% | (8 | ) | ||||||||
Total net assets | 100.0 | % | $ | 66,754 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $73,112 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (6,350 | ) | ||
Net Unrealized Depreciation | $ | (6,350 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 66,762 | ||
Total | $ | 66,762 | ||
American Funds Global Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
1,457 | American Funds Insurance Series — Global Growth Fund Class 1 | $ | 23,121 | |||||||||
Total investment companies (Cost $25,417) | $ | 23,121 | ||||||||||
Total investments (Cost $25,417) (C) | 100.0 | % | $ | 23,121 | ||||||||
Other assets and liabilities | (— | )% | (5 | ) | ||||||||
Total net assets | 100.0 | % | $ | 23,116 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009 the cost of securities for federal income tax purposes was $25,453 the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (2,332 | ) | ||
Net Unrealized Depreciation | $ | (2,332 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 23,121 | ||
Total | $ | 23,121 | ||
The accompanying notes are an integral part of these financial statements.
14
Table of Contents
American Funds Global Small Capitalization HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
2,863 | American Funds Insurance Series — Global Small Capitalization Fund Class 1 | $ | 40,713 | |||||||||
Total investment companies (Cost $40,197) | $ | 40,713 | ||||||||||
Total investments (Cost $40,197) (C) | 100.0 | % | $ | 40,713 | ||||||||
Other assets and liabilities | (— | )% | (6 | ) | ||||||||
Total net assets | 100.0 | % | $ | 40,707 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $40,214 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 499 | ||
Unrealized Depreciation | — | |||
Net Unrealized Appreciation | $ | 499 | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 Disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 40,713 | ||
Total | $ | 40,713 | ||
American Funds Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
5,504 | American Funds Insurance Series — Growth Fund Class 1 | $ | 207,992 | |||||||||
Total investment companies (Cost $226,665) | $ | 207,992 | ||||||||||
Total investments (Cost $226,665) (C) | 100.0 | % | $ | 207,992 | ||||||||
Other assets and liabilities | (— | )% | (22 | ) | ||||||||
Total net assets | 100.0 | % | $ | 207,970 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $226,724 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (18,732 | ) | ||
Net Unrealized Depreciation | $ | (18,732 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 207,992 | ||
Total | $ | 207,992 | ||
The accompanying notes are an integral part of these financial statements.
15
Table of Contents
American Funds Growth-Income HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
4,663 | American Funds Insurance Series — Growth-Income Fund Class 1 | $ | 121,564 | |||||||||
Total investment companies (Cost $132,170) | $ | 121,564 | ||||||||||
Total investments (Cost $132,170) (C) | 100.0 | % | $ | 121,564 | ||||||||
Other assets and liabilities | (— | )% | (14 | ) | ||||||||
Total net assets | 100.0 | % | $ | 121,550 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $132,213 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (10,649 | ) | ||
Net Unrealized Depreciation | $ | (10,649 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 121,564 | ||
Total | $ | 121,564 | ||
American Funds International HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
9,726 | American Funds Insurance Series — International Fund Class 1 | $ | 135,968 | |||||||||
Total investment companies (Cost $140,296) | $ | 135,968 | ||||||||||
Total investments (Cost $140,296) (C) | 100.0 | % | $ | 135,968 | ||||||||
Other assets and liabilities | (— | )% | (14 | ) | ||||||||
Total net assets | 100.0 | % | $ | 135,954 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $140,472 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (4,504 | ) | ||
Net Unrealized Depreciation | $ | (4,504 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 135,968 | ||
Total | $ | 135,968 | ||
The accompanying notes are an integral part of these financial statements.
16
Table of Contents
American Funds New World HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
INVESTMENT COMPANIES — 100.0% | ||||||||||||
2,430 | American Funds Insurance Series — New World Fund Class 1 | $ | 39,460 | |||||||||
Total investment companies (Cost $40,590) | $ | 39,460 | ||||||||||
Total investments (Cost $40,590) (C) | 100.0 | % | $ | 39,460 | ||||||||
Other assets and liabilities | (— | )% | (6 | ) | ||||||||
Total net assets | 100.0 | % | $ | 39,454 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $40,644 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | — | ||
Unrealized Depreciation | (1,184 | ) | ||
Net Unrealized Depreciation | $ | (1,184 | ) | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
At June 30, 2009, the FAS 157 disclosure of investment valuation hierarchy levels were:
Assets: | ||||
Investment in securities — Level 1 | $ | 39,460 | ||
Total | $ | 39,460 | ||
The accompanying notes are an integral part of these financial statements.
17
Table of Contents
Hartford Series Fund, Inc.
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
American Funds | ||||||||||||||||
Blue Chip | ||||||||||||||||
American Funds | Income and | American Funds | American Funds | |||||||||||||
Asset Allocation | Growth | Bond | Global Bond | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Assets: | ||||||||||||||||
Investments in securities, at value @ | $ | 37,540 | $ | 21,500 | $ | 118,656 | $ | 31,010 | ||||||||
Receivables: | ||||||||||||||||
Investment securities sold | — | 44 | — | 10 | ||||||||||||
Fund shares sold | 61 | 13 | 308 | 12 | ||||||||||||
Other assets | 3 | 2 | 5 | 4 | ||||||||||||
Total assets | 37,604 | 21,559 | 118,969 | 31,036 | ||||||||||||
Liabilities: | ||||||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased | 59 | — | 300 | — | ||||||||||||
Fund shares redeemed | 1 | 57 | 8 | 23 | ||||||||||||
Investment management fees | 4 | 2 | 8 | 3 | ||||||||||||
Distribution fees | 1 | 1 | 4 | 1 | ||||||||||||
Accrued expenses | 4 | 3 | 6 | 4 | ||||||||||||
Total liabilities | 69 | 63 | 326 | 31 | ||||||||||||
Net assets | $ | 37,535 | $ | 21,496 | $ | 118,643 | $ | 31,005 | ||||||||
Summary of Net Assets: | ||||||||||||||||
Capital stock and paid-in-capital | $ | 40,094 | $ | 22,951 | $ | 115,521 | $ | 29,687 | ||||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 819 | 371 | 4,007 | 993 | ||||||||||||
Accumulated net realized gain (loss) on investments | (678 | ) | (284 | ) | (496 | ) | (433 | ) | ||||||||
Unrealized appreciation (depreciation) of investments | (2,700 | ) | (1,542 | ) | (389 | ) | 758 | |||||||||
Net assets | $ | 37,535 | $ | 21,496 | $ | 118,643 | $ | 31,005 | ||||||||
Shares authorized | 200,000 | 200,000 | 200,000 | 200,000 | ||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||||
Class IB: Net asset value per share | $ | 7.71 | $ | 6.92 | $ | 9.50 | $ | 10.09 | ||||||||
Shares outstanding | 4,867 | 3,108 | 12,492 | 3,071 | ||||||||||||
Net assets | $ | 37,535 | $ | 21,496 | $ | 118,643 | $ | 31,005 | ||||||||
@ Cost of securities | $ | 40,240 | $ | 23,042 | $ | 119,045 | $ | 30,252 | ||||||||
The accompanying notes are an integral part of these financial statements.
18
Table of Contents
American Funds | American Funds | |||||||||||||||||||||||||||
Global Growth | American Funds | Global Small | American Funds | American Funds | American Funds | American Funds | ||||||||||||||||||||||
and Income | Global Growth | Capitalization | Growth | Growth-Income | International | New World | ||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | ||||||||||||||||||||||
$ | 66,762 | $ | 23,121 | $ | 40,713 | $ | 207,992 | $ | 121,564 | $ | 135,968 | $ | 39,460 | |||||||||||||||
— | — | — | — | — | — | 54 | ||||||||||||||||||||||
111 | 25 | 67 | 303 | 154 | 280 | 25 | ||||||||||||||||||||||
7 | 3 | 4 | 15 | 8 | 12 | 5 | ||||||||||||||||||||||
66,880 | 23,149 | 40,784 | 208,310 | 121,726 | 136,260 | 39,544 | ||||||||||||||||||||||
111 | 24 | 66 | 278 | 106 | 278 | — | ||||||||||||||||||||||
1 | 1 | 1 | 26 | 48 | 1 | 79 | ||||||||||||||||||||||
7 | �� | 3 | 5 | 21 | 12 | 16 | 6 | |||||||||||||||||||||
2 | 1 | 1 | 7 | 4 | 5 | 1 | ||||||||||||||||||||||
5 | 4 | 4 | 8 | 6 | 6 | 4 | ||||||||||||||||||||||
126 | 33 | 77 | 340 | 176 | 306 | 90 | ||||||||||||||||||||||
$ | 66,754 | $ | 23,116 | $ | 40,707 | $ | 207,970 | $ | 121,550 | $ | 135,954 | $ | 39,454 | |||||||||||||||
$ | 71,978 | $ | 25,086 | $ | 40,553 | $ | 224,454 | $ | 130,848 | $ | 136,243 | $ | 40,690 | |||||||||||||||
1,461 | 441 | (51 | ) | 342 | 599 | 2,292 | 540 | |||||||||||||||||||||
(353 | ) | (115 | ) | (311 | ) | 1,847 | 709 | 1,747 | (646 | ) | ||||||||||||||||||
(6,332 | ) | (2,296 | ) | 516 | (18,673 | ) | (10,606 | ) | (4,328 | ) | (1,130 | ) | ||||||||||||||||
$ | 66,754 | $ | 23,116 | $ | 40,707 | $ | 207,970 | $ | 121,550 | $ | 135,954 | $ | 39,454 | |||||||||||||||
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | ||||||||||||||||||||||
$ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||||||
$ | 6.69 | $ | 7.29 | $ | 6.46 | $ | 6.55 | $ | 6.88 | $ | 7.01 | $ | 7.19 | |||||||||||||||
9,979 | 3,172 | 6,297 | 31,767 | 17,669 | 19,405 | 5,488 | ||||||||||||||||||||||
$ | 66,754 | $ | 23,116 | $ | 40,707 | $ | 207,970 | $ | 121,550 | $ | 135,954 | $ | 39,454 | |||||||||||||||
$ | 73,094 | $ | 25,417 | $ | 40,197 | $ | 226,665 | $ | 132,170 | $ | 140,296 | $ | 40,590 | |||||||||||||||
19
Table of Contents
Hartford Series Fund, Inc.
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
American Funds | ||||||||||||||||
American Funds | Blue Chip Income | American Funds | American Funds | |||||||||||||
Asset Allocation | and Growth | Bond | Global Bond | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividends from underlying funds | $ | 197 | $ | 115 | $ | 949 | $ | 101 | ||||||||
Total investment income | 197 | 115 | 949 | 101 | ||||||||||||
Expenses: | ||||||||||||||||
Investment management fees | 101 | 63 | 228 | 99 | ||||||||||||
Distribution fees — Class IB | 39 | 21 | 114 | 33 | ||||||||||||
Custodian fees | — | — | 1 | 1 | ||||||||||||
Accounting services | 1 | 1 | 5 | 1 | ||||||||||||
Board of Directors’ fees | 1 | 1 | 1 | 1 | ||||||||||||
Audit fees | 3 | 2 | 3 | 3 | ||||||||||||
Other expenses | 3 | 2 | 7 | 3 | ||||||||||||
Total expenses (before waivers) | 148 | 90 | 359 | 141 | ||||||||||||
Expense waivers | (62 | ) | (42 | ) | (114 | ) | (67 | ) | ||||||||
Total waivers | (62 | ) | (42 | ) | (114 | ) | (67 | ) | ||||||||
Total expenses, net | 86 | 48 | 245 | 74 | ||||||||||||
Net investment income (loss) | 111 | 67 | 704 | 27 | ||||||||||||
Net Realized Gain (Loss) on Investments: | ||||||||||||||||
Net realized gain (loss) on investments in underlying funds | (850 | ) | (308 | ) | (257 | ) | (42 | ) | ||||||||
Net Changes in Unrealized Appreciation of Investments: | ||||||||||||||||
Net unrealized appreciation of investments | 2,824 | 1,376 | 5,569 | 947 | ||||||||||||
Net Gain on Investments | 1,974 | 1,068 | 5,312 | 905 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 2,085 | $ | 1,135 | $ | 6,016 | $ | 932 | ||||||||
The accompanying notes are an integral part of these financial statements.
20
Table of Contents
American Funds | American Funds | |||||||||||||||||||||||||||
Global Growth | American Funds | Global Small | American Funds | American Funds | American Funds | American Funds | ||||||||||||||||||||||
and Income | Global Growth | Capitalization | Growth | Growth-Income | International | New World | ||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | HLS Fund | ||||||||||||||||||||||
$ | 322 | $ | 85 | $ | — | $ | 524 | $ | 500 | $ | 343 | $ | 128 | |||||||||||||||
322 | 85 | — | 524 | 500 | 343 | 128 | ||||||||||||||||||||||
211 | 90 | 112 | 598 | 329 | 425 | 165 | ||||||||||||||||||||||
66 | 22 | 35 | 199 | 118 | 125 | 37 | ||||||||||||||||||||||
— | — | 1 | 1 | — | — | 1 | ||||||||||||||||||||||
3 | 1 | 1 | 8 | 5 | 5 | 1 | ||||||||||||||||||||||
1 | 1 | 1 | 2 | 2 | 2 | 1 | ||||||||||||||||||||||
3 | 3 | 3 | 4 | 3 | 3 | 3 | ||||||||||||||||||||||
5 | 2 | 2 | 13 | 8 | 8 | 2 | ||||||||||||||||||||||
289 | 119 | 155 | 825 | 465 | 568 | 210 | ||||||||||||||||||||||
(145 | ) | (67 | ) | (77 | ) | (399 | ) | (212 | ) | (300 | ) | (127 | ) | |||||||||||||||
(145 | ) | (67 | ) | (77 | ) | (399 | ) | (212 | ) | (300 | ) | (127 | ) | |||||||||||||||
144 | 52 | 78 | 426 | 253 | 268 | 83 | ||||||||||||||||||||||
178 | 33 | (78 | ) | 98 | 247 | 75 | 45 | |||||||||||||||||||||
(359 | ) | (428 | ) | (649 | ) | (602 | ) | (97 | ) | 388 | (928 | ) | ||||||||||||||||
6,963 | 3,223 | 8,580 | 24,355 | 9,656 | 18,125 | 7,047 | ||||||||||||||||||||||
6,604 | 2,795 | 7,931 | 23,753 | 9,559 | 18,513 | 6,119 | ||||||||||||||||||||||
$ | 6,782 | $ | 2,828 | $ | 7,853 | $ | 23,851 | $ | 9,806 | $ | 18,588 | $ | 6,164 | |||||||||||||||
21
Table of Contents
Hartford Series Fund, Inc.
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
American Funds | American Funds | |||||||||||||||
Asset Allocation | Blue Chip Income and Growth | |||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the Six- | For the Period | For the Six- | ||||||||||||||
Month Period | April 30, | Month Period | For the Period | |||||||||||||
Ended | 2008# through | Ended | April 30, 2008# through | |||||||||||||
June 30, 2009 | December 31, | June 30, 2009 | December 31, | |||||||||||||
(Unaudited) | 2008 | (Unaudited) | 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 111 | $ | 701 | $ | 67 | $ | 281 | ||||||||
Net realized gain (loss) on investments | (850 | ) | 177 | (308 | ) | 46 | ||||||||||
Net unrealized appreciation (depreciation) of investments | 2,824 | (5,524 | ) | 1,376 | (2,918 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 2,085 | (4,646 | ) | 1,135 | (2,591 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IB | — | — | — | — | ||||||||||||
From net realized gain on investments | ||||||||||||||||
Class IB | — | — | — | — | ||||||||||||
From tax-return of capital | ||||||||||||||||
Total distributions | — | — | — | — | ||||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IB | ||||||||||||||||
Sold | 12,561 | 31,673 | 8,224 | 16,814 | ||||||||||||
Issued on reinvestment of distributions | — | — | — | — | ||||||||||||
Redeemed | (3,423 | ) | (715 | ) | (1,045 | ) | (1,041 | ) | ||||||||
Total capital share transactions | 9,138 | 30,958 | 7,179 | 15,773 | ||||||||||||
Net increase (decrease) in net assets | 11,223 | 26,312 | 8,314 | 13,182 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 26,312 | — | 13,182 | — | ||||||||||||
End of period | $ | 37,535 | $ | 26,312 | $ | 21,496 | $ | 13,182 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 819 | $ | 708 | $ | 371 | $ | 304 | ||||||||
Shares: | ||||||||||||||||
Class IB | ||||||||||||||||
Sold | 1,748 | 3,688 | 1,322 | 2,093 | ||||||||||||
Issued on reinvestment of distributions | — | — | — | — | ||||||||||||
Redeemed | (480 | ) | (89 | ) | (171 | ) | (136 | ) | ||||||||
Total share activity | 1,268 | 3,599 | 1,151 | 1,957 | ||||||||||||
# | Commencement of Operations |
The accompanying notes are an integral part of these financial statements.
22
Table of Contents
American Funds | American Funds | American Funds | American Funds | |||||||||||||||||||||||||||||
Bond | Global Bond | Global Growth and Income | Global Growth | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the Six- | For the Six- | For the Six- | For the Six- | |||||||||||||||||||||||||||||
Month Period | For the Period | Month Period | For the Period | Month Period | For the Period | Month Period | For the Period | |||||||||||||||||||||||||
Ended | April 30, 2008# through | Ended | April 30, 2008# through | Ended | April 30, 2008# through | Ended | April 30, 2008# through | |||||||||||||||||||||||||
June 30, 2009 | December 31, | June 30, 2009 | December 31, | June 30, 2009 | December 31, | June 30, 2009 | December 31, | |||||||||||||||||||||||||
(Unaudited) | 2008 | (Unaudited) | 2008 | (Unaudited) | 2008 | (Unaudited) | 2008 | |||||||||||||||||||||||||
$ | 704 | $ | 3,283 | $ | 27 | $ | 964 | $ | 178 | $ | 1,240 | $ | 33 | $ | 354 | |||||||||||||||||
(257 | ) | (224 | ) | (42 | ) | (390 | ) | (359 | ) | 44 | (428 | ) | 365 | |||||||||||||||||||
5,569 | (5,958 | ) | 947 | (189 | ) | 6,963 | (13,295 | ) | 3,223 | (5,519 | ) | |||||||||||||||||||||
6,016 | (2,899 | ) | 932 | 385 | 6,782 | (12,011 | ) | 2,828 | (4,800 | ) | ||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
50,051 | 73,861 | 9,805 | 28,926 | 17,995 | 57,272 | 6,326 | 21,020 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
(5,021 | ) | (3,365 | ) | (2,118 | ) | (6,925 | ) | (2,088 | ) | (1,196 | ) | (1,528 | ) | (730 | ) | |||||||||||||||||
45,030 | 70,496 | 7,687 | 22,001 | 15,907 | 56,076 | 4,798 | 20,290 | |||||||||||||||||||||||||
51,046 | 67,597 | 8,619 | 22,386 | 22,689 | 44,065 | 7,626 | 15,490 | |||||||||||||||||||||||||
67,597 | — | 22,386 | — | 44,065 | — | 15,490 | — | |||||||||||||||||||||||||
$ | 118,643 | $ | 67,597 | $ | 31,005 | $ | 22,386 | $ | 66,754 | $ | 44,065 | $ | 23,116 | $ | 15,490 | |||||||||||||||||
$ | 4,007 | $ | 3,303 | $ | 993 | $ | 966 | $ | 1,461 | $ | 1,283 | $ | 441 | $ | 408 | |||||||||||||||||
5,514 | 7,903 | 1,016 | 3,019 | 3,064 | 7,443 | 994 | 2,519 | |||||||||||||||||||||||||
— | — | — | — | — | — | — | — | |||||||||||||||||||||||||
(550 | ) | (375 | ) | (218 | ) | (746 | ) | (360 | ) | (168 | ) | (241 | ) | (100 | ) | |||||||||||||||||
4,964 | 7,528 | 798 | 2,273 | 2,704 | 7,275 | 753 | 2,419 | |||||||||||||||||||||||||
23
Table of Contents
Hartford Series Fund, Inc.
Statements of Changes in Net Assets — (Continued)
(000’s Omitted)
(000’s Omitted)
American Funds | American Funds | |||||||||||||||
Global Small Capitalization | Growth | |||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the Six- | For the Period | For the Six- | For the Period | |||||||||||||
Month Period | April 30, | Month Period | April 30, | |||||||||||||
Ended | 2008# through | Ended | 2008# through | |||||||||||||
June 30, 2009 | December 31, | June 30, 2009 | December 31, | |||||||||||||
(Unaudited) | 2008 | (Unaudited) | 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | (78 | ) | $ | (40 | ) | $ | 98 | $ | 1,414 | ||||||
Net realized gain (loss) on investments | (649 | ) | 403 | (602 | ) | 2,765 | ||||||||||
Net unrealized appreciation (depreciation) of investments | 8,580 | (8,064 | ) | 24,355 | (43,028 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 7,853 | (7,701 | ) | 23,851 | (38,849 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IB | — | — | — | (1,500 | ) | |||||||||||
From net realized gain on investments | ||||||||||||||||
Class IB | — | — | — | — | ||||||||||||
From tax-return of capital | ||||||||||||||||
Total distributions | — | — | — | (1,500 | ) | |||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IB | ||||||||||||||||
Sold | 14,764 | 28,122 | 65,872 | 165,053 | ||||||||||||
Issued on reinvestment of distributions | — | — | — | 1,500 | ||||||||||||
Redeemed | (1,717 | ) | (614 | ) | (4,641 | ) | (3,316 | ) | ||||||||
Total capital share transactions | 13,047 | 27,508 | 61,231 | 163,237 | ||||||||||||
Net increase (decrease) in net assets | 20,900 | 19,807 | 85,082 | 122,888 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 19,807 | — | 122,888 | — | ||||||||||||
End of period | $ | 40,707 | $ | 19,807 | $ | 207,970 | $ | 122,888 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | (51 | ) | $ | 27 | $ | 342 | $ | 244 | |||||||
Shares: | ||||||||||||||||
Class IB | ||||||||||||||||
Sold | 2,718 | 3,981 | 11,375 | 21,340 | ||||||||||||
Issued on reinvestment of distributions | — | — | — | 257 | ||||||||||||
Redeemed | (308 | ) | (94 | ) | (777 | ) | (428 | ) | ||||||||
Total share activity | 2,410 | 3,887 | 10,598 | 21,169 | ||||||||||||
# | Commencement of Operations |
The accompanying notes are an integral part of these financial statements.
24
Table of Contents
American Funds | American Funds | American Funds | ||||||||||||||||||||||
Growth-Income | International | New World | ||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | ||||||||||||||||||||||
For the Six- | For the Period | For the Six- | For the Period | For the Six- | For the Period | |||||||||||||||||||
Month Period | April 30, | Month Period | April 30, | Month Period | April 30, | |||||||||||||||||||
Ended | 2008# through | Ended | 2008# through | Ended | 2008# through | |||||||||||||||||||
June 30, 2009 | December 31, | June 30, 2009 | December 31, | June 30, 2009 | December 31, | |||||||||||||||||||
(Unaudited) | 2008 | (Unaudited) | 2008 | (Unaudited) | 2008 | |||||||||||||||||||
$ | 247 | $ | 1,443 | $ | 75 | $ | 2,021 | $ | 45 | $ | 433 | |||||||||||||
(97 | ) | 908 | 388 | 1,549 | (928 | ) | 342 | |||||||||||||||||
9,656 | (20,262 | ) | 18,125 | (22,453 | ) | 7,047 | (8,177 | ) | ||||||||||||||||
9,806 | (17,911 | ) | 18,588 | (18,883 | ) | 6,164 | (7,402 | ) | ||||||||||||||||
— | (1,200 | ) | — | — | — | — | ||||||||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
— | (1,200 | ) | — | — | — | — | ||||||||||||||||||
40,470 | 94,419 | 41,260 | 99,249 | 11,777 | 32,681 | |||||||||||||||||||
— | 1,200 | — | — | — | — | |||||||||||||||||||
(2,765 | ) | (2,469 | ) | (2,719 | ) | (1,541 | ) | (2,420 | ) | (1,346 | ) | |||||||||||||
37,705 | 93,150 | 38,541 | 97,708 | 9,357 | 31,335 | |||||||||||||||||||
47,511 | 74,039 | 57,129 | 78,825 | 15,521 | 23,933 | |||||||||||||||||||
74,039 | — | 78,825 | — | 23,933 | — | |||||||||||||||||||
$ | 121,550 | $ | 74,039 | $ | 135,954 | $ | 78,825 | $ | 39,454 | $ | 23,933 | |||||||||||||
$ | 599 | $ | 353 | $ | 2,292 | $ | 2,217 | $ | 540 | $ | 495 | |||||||||||||
6,522 | 11,719 | 6,906 | 13,170 | 1,882 | 4,165 | |||||||||||||||||||
— | 188 | — | — | — | — | |||||||||||||||||||
(442 | ) | (318 | ) | (444 | ) | (227 | ) | (381 | ) | (178 | ) | |||||||||||||
6,080 | 11,589 | 6,462 | 12,943 | 1,501 | 3,987 | |||||||||||||||||||
25
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
The Hartford HLS Funds serve as underlying investment options for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company (“HLIC”) and its affiliates and certain qualified retirement plans. Certain Hartford HLS Funds may also serve as underlying investment options for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. (the “Company”) is an open-end management investment company comprised of thirty-four portfolios; eleven portfolios of which are included in these financial statements (each a “Fund” or together the “Funds”). They are American Funds Asset Allocation HLS Fund, American Funds Blue Chip Income and Growth HLS Fund, American Funds Bond HLS Fund, American Funds Global Bond HLS Fund, American Funds Global Growth and Income HLS Fund, American Funds Global Growth HLS Fund, American Funds Global Small Capitalization HLS Fund, American Funds Growth HLS Fund, American Funds Growth-Income HLS Fund, American Funds International HLS Fund and American Funds New World HLS Fund. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as a diversified open-end management investment company, except for American Funds Global Bond HLS Fund, which is non-diversified.
The Funds operate in the manner of a Fund of Funds, investing in shares of underlying mutual funds (the “Underlying Funds”). Each Underlying Fund is offered by American Funds Insurance Series, and is a registered open-end investment company. The Funds and their related Underlying Funds are listed below:
Fund | Underlying Fund | |
American Funds Asset Allocation HLS Fund | Asset Allocation Fund Class 1 | |
American Funds Blue Chip Income and Growth HLS Fund | Blue Chip Income and Growth Fund Class 1 | |
American Funds Bond HLS Fund | Bond Fund Class 1 | |
American Funds Global Bond HLS Fund | Global Bond Fund Class 1 | |
American Funds Global Growth and Income HLS Fund | Global Growth and Income Fund Class 1 | |
American Funds Global Growth HLS Fund | Global Growth Fund Class 1 | |
American Funds Global Small Capitalization HLS Fund | Global Small Capitalization Fund Class 1 | |
American Funds Growth HLS Fund | Growth Fund Class 1 | |
American Funds Growth-Income HLS Fund | Growth-Income Fund Class 1 | |
American Funds International HLS Fund | International Fund Class 1 | |
American Funds New World HLS Fund | New World Fund Class 1 |
The Underlying Funds’ accounting policies are outlined in the Underlying Funds’ annual or semiannual report, which accompanies this report.
Class IB shares are offered at per share net asset value (“NAV”) without a sales charge and are subject to distribution fees charged pursuant to the Distribution and Service Plans. These Distribution and Service Plans have been adopted in accordance with Rule 12b-l under the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. |
Income and capital gain distributions from the Underlying Funds are recorded on the ex-dividend date.
b) | Security Valuation — Investments in the Underlying Funds are valued at the respective NAV of each Underlying Fund on the valuation date. Valuation of securities held by the Underlying Funds is discussed in Notes to Financial Statements of the Underlying Funds, which are included in the Underlying Funds’ annual or semi-annual report, accompanying this report. | |
c) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Funds’ shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of each Fund’s shares is determined as of the close of each business day of the New York Stock Exchange (the “Exchange”) normally 4:00 p.m. Eastern Time. The NAV is determined separately for each class of each Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of a Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
Dividends are declared pursuant to a policy adopted by the Funds’ Board of Directors based upon the investment performance of the Funds. The policy of all Funds is to pay dividends from net investment income and distribute realized capital gains, if any, at least once a year.
Distributions from net investment income, realized capital gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Funds’ capital accounts (see Reclassification of Capital Accounts within the Federal Income Tax section of the Notes to Financial Statements).
26
Table of Contents
d) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
e) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). This standard clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Funds’ investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds (“ETFs”) and rights and warrants. | |
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. | |
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and require significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than that presented above, as individual circumstances dictate.
FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value. During the six-month period ended June 30, 2009, the Funds held no Level 3 securities.
Refer to the valuation hierarchy levels summary found following the Schedule of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the fair value of the Funds’ investments. The additional disclosures required by this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
f) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. During the six-month period ended June 30, 2009, the Funds held no securities within the scope of this standard. |
g) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. | |
h) | Indemnifications: Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporate Law and the federal securities law. In addition, the Company, on behalf of the Funds, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. |
3. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Funds intend to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of their taxable net investment income and net realized capital gains to their shareholders and otherwise complying with the requirements of regulated investment companies. The Funds have distributed substantially all of their income and capital gains in the prior year and each Fund intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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. |
27
Table of Contents
Hartford Series Fund. Inc.
Notes to Financial Statements (Unaudited) — (continued)
June 30, 2009
(000’s Omitted)
June 30, 2009
(000’s Omitted)
b) | Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions and differing tax treatment for investments in RICs. The character of distributions made during the year from net investment income or 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 the Funds. | |
c) | Distributions and Components of Distributable Earnings — The tax character of distributions paid for the period indicated is as follows (as adjusted for dividends payable): |
For the Period April 30, 2008 | ||||||||
(Commencement of Operations) through December 31, 2008 | ||||||||
Ordinary | Long-Term | |||||||
Income | Capital Gains | |||||||
American Funds Asset Allocation HLS Fund | $ | — | $ | — | ||||
American Funds Blue Chip Income and Growth HLS Fund | — | — | ||||||
American Funds Bond HLS Fund | — | — | ||||||
American Funds Global Bond HLS Fund | — | — | ||||||
American Funds Global Growth and Income HLS Fund | — | — | ||||||
American Funds Global Growth HLS Fund | — | — | ||||||
American Funds Global Small Capitalization HLS Fund | — | — | ||||||
American Funds Growth HLS Fund | 1,500 | — | ||||||
American Funds Growth-Income HLS Fund | 1,200 | — | ||||||
American Funds International HLS Fund | — | — | ||||||
American Funds New World HLS Fund | — | — |
As of December 31, 2008, the components of distributable earnings (deficit) on a tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses | (Depreciation)@ | (Deficit) | ||||||||||||||||
American Funds Asset Allocation HLS Fund | $ | 708 | $ | 172 | $ | — | $ | (5,524 | ) | $ | (4,644 | ) | ||||||||
American Funds Blue Chip Income and Growth HLS Fund | 304 | 134 | — | (3,028 | ) | (2,590 | ) | |||||||||||||
American Funds Bond HLS Fund | 3,303 | 8 | — | (6,205 | ) | (2,894 | ) | |||||||||||||
American Funds Global Bond HLS Fund | 966 | — | — | (580 | ) | 386 | ||||||||||||||
American Funds Global Growth and Income HLS Fund | 1,283 | 23 | — | (13,312 | ) | (12,006 | ) | |||||||||||||
American Funds Global Growth HLS Fund | 408 | 349 | — | (5,555 | ) | (4,798 | ) | |||||||||||||
American Funds Global Small Capitalization HLS Fund | 27 | 355 | — | (8,081 | ) | (7,699 | ) | |||||||||||||
American Funds Growth HLS Fund | 244 | 2,508 | — | (43,087 | ) | (40,335 | ) | |||||||||||||
American Funds Growth-Income HLS Fund | 352 | 849 | — | (20,305 | ) | (19,104 | ) | |||||||||||||
American Funds International HLS Fund | 2,217 | 1,535 | — | (22,629 | ) | (18,877 | ) | |||||||||||||
American Funds New World HLS Fund | 495 | 336 | — | (8,231 | ) | (7,400 | ) |
@ | The difference between book-basis and tax basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sale losses. |
d) | Reclassification of Capital Accounts — In accordance with American Institute of Certified Public Accountants (AICPA) Statement of Position 93-2, Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies, the Funds have recorded reclassifications in their capital accounts. These reclassifications had no impact on the NAV of the Funds. The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses that reduce distribution requirements. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of a Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from net investment income, from net realized gains on |
28
Table of Contents
investments or from capital depending on the type of book and tax differences that exist. For the period April 30, 2008 through December 31, 2008, the Funds recorded reclassifications to increase (decrease) the accounts listed below. |
Undistributed | Accumulated | |||||||||||
Net Investment | Net Realized | Paid-in- | ||||||||||
Income | Gain (Loss) | Capital | ||||||||||
American Funds Asset Allocation HLS Fund | $ | 7 | $ | (5 | ) | $ | (2 | ) | ||||
American Funds Blue Chip Income and Growth HLS Fund | 23 | (22 | ) | (1 | ) | |||||||
American Funds Bond HLS Fund | 20 | (15 | ) | (5 | ) | |||||||
American Funds Global Bond HLS Fund | 2 | (1 | ) | (1 | ) | |||||||
American Funds Global Growth and Income HLS Fund | 43 | (38 | ) | (5 | ) | |||||||
American Funds Global Growth HLS Fund | 54 | (52 | ) | (2 | ) | |||||||
American Funds Global Small Capitalization HLS Fund | 67 | (65 | ) | (2 | ) | |||||||
American Funds Growth HLS Fund | 330 | (316 | ) | (14 | ) | |||||||
American Funds Growth-Income HLS Fund | 109 | (102 | ) | (7 | ) | |||||||
American Funds International HLS Fund | 196 | (190 | ) | (6 | ) | |||||||
American Funds New World HLS Fund | 62 | (60 | ) | (2 | ) |
e) | Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Fund’s financial statements related to uncertain tax positions. |
4. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors), an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Funds pursuant to an Investment Management Agreement with the Company. As investment manager, HL Advisors has overall investment supervisory responsibility for each Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Funds. |
The schedule below reflects the rates of compensation as a percentage of each Fund’s average daily net assets paid to HL Advisors for investment management services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly:
Fund | Annual Rate* | |||
American Funds Asset Allocation HLS Fund | 0.65% | |||
American Funds Blue Chip Income and Growth HLS Fund | 0.75% | |||
American Funds Bond HLS Fund | 0.50% | |||
American Funds Global Bond HLS Fund | 0.75% | |||
American Funds Global Growth and Income HLS Fund | 0.80% | |||
American Funds Global Growth HLS Fund | 1.00% | |||
American Funds Global Small Capitalization HLS Fund | 0.80% | |||
American Funds Growth HLS Fund | 0.75% | |||
American Funds Growth-Income HLS Fund | 0.70% | |||
American Funds International HLS Fund | 0.85% | |||
American Funds New World HLS Fund | 1.10% |
* | HL Advisors has entered into an agreement under which it will waive a portion of its investment management fee with respect to each Fund for as long as that Fund is invested in its corresponding Underlying Fund. The net investment management fee under the agreement with HL Advisors, after giving effect to the waiver, is 0.25% of the average daily net assets for each Fund. |
b) | Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Funds, HLIC provides accounting services to the Funds and receives monthly compensation at the annual rate of 0.01% of each Fund’s average daily net assets. These fees are accrued daily and paid monthly. | |
c) | Other Related Party Transactions — Certain officers of the Funds are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Funds’ Chief Compliance Officer’s salary was paid by the Funds in the amount of $1. The fees are accrued daily and paid monthly. | |
d) | Operating Expenses — Allocable expenses incurred by the Funds are allocated to each Fund in proportion to the average daily net assets of each Fund, except where allocation of certain expenses is more fairly made directly to a Fund. | |
e) | Distribution Plan for Class IB shares — The Funds have adopted a Distribution Plan pursuant to Rule 12b-l under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, each Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to the Fund Board’s review and approval. |
The Distribution Plan provides that each Fund may pay annually up to 0.25% of the average daily net assets of a Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in
29
Table of Contents
Hartford Series Fund. Inc.
Notes to Financial Statements (Unaudited) — (continued)
June 30, 2009
(000’s Omitted)
June 30, 2009
(000’s Omitted)
time. Under the terms of the Distribution Plan and the principal underwriting agreement, each Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
5. | Affiliate Holdings: |
As of June 30, 2009, affiliates of The Hartford had ownership of shares in the Funds as follows:
Fund | Class IB | |||
American Funds Asset Allocation HLS Fund | 10 | |||
American Funds Blue Chip Income and Growth HLS Fund | 10 | |||
American Funds Bond HLS Fund | 10 | |||
American Funds Global Bond HLS Fund | 10 | |||
American Funds Global Growth and Income HLS Fund | 10 | |||
American Funds Global Growth HLS Fund | 10 | |||
American Funds Global Small Capitalization HLS Fund | 10 | |||
American Funds Growth HLS Fund | 10 | |||
American Funds Growth-Income HLS Fund | 10 | |||
American Funds International HLS Fund | 10 | |||
American Funds New World HLS Fund | 10 |
6. | Investment Transactions: |
For the six-month period ended June 30, 2009, aggregate purchases and sales of investment securities (excluding short-term investments) were as follows:
Cost of Purchases | Sales Proceeds | |||||||
American Funds Asset Allocation HLS Fund | $ | 10,761 | $ | 1,516 | ||||
American Funds Blue Chip Income and Growth HLS Fund | 7,632 | 388 | ||||||
American Funds Bond HLS Fund | 47,343 | 1,610 | ||||||
American Funds Global Bond HLS Fund | 8,298 | 587 | ||||||
American Funds Global Growth and Income HLS Fund | 16,523 | 441 | ||||||
American Funds Global Growth HLS Fund | 5,391 | 562 | ||||||
American Funds Global Small Capitalization HLS Fund | 13,621 | 654 | ||||||
American Funds Growth HLS Fund | 62,123 | 793 | ||||||
American Funds Growth-Income HLS Fund | 38,111 | 160 | ||||||
American Funds International HLS Fund | 39,683 | 1,068 | ||||||
American Funds New World HLS Fund | 10,705 | 1,305 |
30
Table of Contents
Hartford Series Fund, Inc.
Financial Highlights
— Selected Per-Share Data (#) — | — Ratios and Supplemental Data — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End of | Total | at End of | Before | After | Average | Turnover | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class | of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | Period | Return (a) | Period | Waivers | Waivers | Net Assets | Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||
American Funds Asset Allocation HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | $ | 7.31 | $ | 0.03 | $ | — | $ | 0.37 | $ | 0.40 | $ | — | $ | — | $ | — | $ | — | $ | 0.40 | $ | 7.71 | 5.46 | %(d) | $ | 37,535 | 0.95 | %(e) | 0.55 | %(e) | 0 | .71 | %(e) | 5 | % | ||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.19 | — | (2.88 | ) | (2.69 | ) | — | — | — | — | (2 .69 | ) | 7.31 | (26.88 | )(d) | 26,312 | 0.99 | (e) | 0.59 | (e) | 8 | .02 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Blue Chip Income and Growth HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.74 | 0.03 | — | 0.15 | 0.18 | — | — | — | — | 0.18 | 6.92 | 2.67 | (d) | 21,496 | 1.08 | (e) | 0.58 | (e) | 0 | .80 | (e) | 2 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.14 | — | (3.40 | ) | (3.26 | ) | — | — | — | — | (3 .26 | ) | 6.74 | (32.64 | )(d) | 13,182 | 1.17 | (e) | 0.67 | (e) | 6 | .79 | (e) | 3 | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Bond HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 8.98 | 0.07 | — | 0.45 | 0.52 | — | — | — | — | 0.52 | 9.50 | 5.77 | (d) | 118,643 | 0.79 | (e) | 0.54 | (e) | 1 | .54 | (e) | 2 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.44 | — | (1.46 | ) | (1.02 | ) | — | — | — | — | (1 .02 | ) | 8.98 | (10.21 | )(d) | 67,597 | 0.80 | (e) | 0.55 | (e) | 16 | .32 | (e) | 5 | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Global Bond HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 9.85 | 0.01 | — | 0.23 | 0.24 | — | — | — | — | 0.24 | 10.09 | 2.49 | (d) | 31,005 | 1.06 | (e) | 0.56 | (e) | 0 | .20 | (e) | 2 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.42 | — | (0.57 | ) | (0.15 | ) | — | — | — | — | (0.15 | ) | 9.85 | (1.51 | )(d) | 22,386 | 1.10 | (e) | 0.60 | (e) | 13 | .11 | (e) | 42 | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Global Growth and Income HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.06 | 0.02 | — | 0.61 | 0.63 | — | — | — | — | 0.63 | 6.69 | 10.44 | (d) | 66,754 | 1.09 | (e) | 0.54 | (e) | 0 | .67 | (e) | 1 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.17 | — | (4.11 | ) | (3.94 | ) | — | — | — | — | (3 .94 | ) | 6.06 | (39.43 | )(d) | 44,065 | 1.11 | (e) | 0.56 | (e) | 8 | .24 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Global Growth HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.40 | 0.01 | — | 0.88 | 0.89 | — | — | — | — | 0.89 | 7.29 | 13.80 | (d) | 23,116 | 1.32 | (e) | 0.57 | (e) | 0 | .37 | (e) | 3 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.15 | — | (3.75 | ) | (3.60 | ) | — | — | — | — | (3 .60 | ) | 6.40 | (35.95 | )(d) | 15,490 | 1.37 | (e) | 0.62 | (e) | 5 | .68 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||||
American Funds Global Small Capitalization HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 5.10 | (0.02 | ) | — | 1.38 | 1.36 | — | — | — | — | 1.36 | 6.46 | 26.85 | (d) | 40,707 | 1.11 | (e) | 0.56 | (e) | (0 | .56 | )(e) | 2 | ||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | (0.01 | ) | — | (4.89 | ) | (4.90 | ) | — | — | — | — | (4.90 | ) | 5.10 | (49.04 | )(d) | 19,807 | 1.16 | (e) | 0.61 | (e) | (0 | .62 | )(e) | — | |||||||||||||||||||||||||||||||||||||||||||
American Funds Growth HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 5.81 | — | — | 0.74 | 0.74 | — | — | — | — | 0.74 | 6.55 | 12.78 | (d) | 207,970 | 1.03 | (e) | 0.53 | (e) | 0 | .12 | (e) | — | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.07 | — | (4.18 | ) | (4.11 | ) | (0.08 | ) | — | — | (0 .08 | ) | (4.19 | ) | 5.81 | (41.18 | )(d) | 122,888 | 1.03 | (e) | 0.53 | (e) | 3 | .39 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||
American Funds Growth-Income HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.39 | 0.02 | — | 0.47 | 0.49 | — | — | — | — | 0.49 | 6.88 | 7.68 | (d) | 121,550 | 0.99 | (e) | 0.54 | (e) | 0 | .53 | (e) | — | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.13 | — | (3.63 | ) | (3.50 | ) | (0.11 | ) | — | — | (0.11 | ) | (3.61 | ) | 6.39 | (34.98 | )(d) | 74,039 | 0.99 | (e) | 0.54 | (e) | 5 | .87 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||
American Funds International HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.09 | — | — | 0.92 | 0.92 | — | — | — | — | 0.92 | 7.01 | 15.05 | (d) | 135,954 | 1.14 | (e) | 0.54 | (e) | 0 | .15 | (e) | — | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.16 | — | (4.07 | ) | (3.91 | ) | — | — | — | — | (3.91 | ) | 6.09 | (39.10 | )(d) | 78,825 | 1.14 | (e) | 0.54 | (e) | 8 | .05 | (e) | — | ||||||||||||||||||||||||||||||||||||||||||||
American Funds New World HLS Fund(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009(c) (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB | 6.00 | 0.01 | — | 1.18 | 1.19 | — | — | — | — | 1.19 | 7.19 | 19.75 | (d) | 39,454 | 1.40 | (e) | 0.55 | (e) | 0 | .30 | (e) | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
From (commencement of operations) April 30, 2008 through December 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IB(f) | 10.00 | 0.11 | — | (4.11 | ) | (4.00 | ) | — | — | — | — | (4.00 | ) | 6.00 | (39.97 | )(d) | 23,933 | 1.44 | (e) | 0.59 | (e) | 5 | .06 | (e) | 1 |
# | Information presented relates to a share outstanding throughout the indicated period. | |
(a) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(b) | Expense ratios do not include expenses of the underlying funds. | |
(c) | Per share amounts have been calculated using the average shares method. | |
(d) | Not annualized. | |
(e) | Annualized. | |
(f) | Commenced operations on April 30, 2008. |
31
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Funds can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
32
Table of Contents
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007 — 2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005 — 2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001 — 2007.
33
Table of Contents
Hartford Series Fund, Inc.
Shareholder Meeting Results (Unaudited)
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
34
Table of Contents
Hartford Series Fund, Inc.
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Beginning | Expenses paid | |||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Account | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Value | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | December | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
American Funds Asset Allocation HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,054.64 | $ | 2.80 | $ | 1,000.00 | $ | 1022.06 | $ | 2.75 | 0.55 | % | 181 | 365 | |||||||||||||||||||||
American Funds Blue Chip Income and Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,026.73 | $ | 2.91 | $ | 1,000.00 | $ | 1021.91 | $ | 2.90 | 0.58 | % | 181 | 365 | |||||||||||||||||||||
American Funds Bond HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,057.73 | $ | 2.75 | $ | 1,000.00 | $ | 1022.11 | $ | 2.70 | 0.54 | % | 181 | 365 | |||||||||||||||||||||
American Funds Global Bond HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,024.90 | $ | 2.81 | $ | 1,000.00 | $ | 1022.01 | $ | 2.80 | 0.56 | % | 181 | 365 | |||||||||||||||||||||
American Funds Global Growth and Income HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,104.41 | $ | 2.81 | $ | 1,000.00 | $ | 1022.11 | $ | 2.70 | 0.54 | % | 181 | 365 | |||||||||||||||||||||
American Funds Global Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,138.00 | $ | 3.02 | $ | 1,000.00 | $ | 1021.96 | $ | 2.85 | 0.57 | % | 181 | 365 | |||||||||||||||||||||
American Funds Global Small Capitalization HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,268.50 | $ | 3.14 | $ | 1,000.00 | $ | 1022.01 | $ | 2.80 | 0.56 | % | 181 | 365 | |||||||||||||||||||||
American Funds Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,127.77 | $ | 2.95 | $ | 1,000.00 | $ | 1022.17 | $ | 2.66 | 0.53 | % | 181 | 365 | |||||||||||||||||||||
American Funds Growth-Income HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,076.82 | $ | 2.78 | $ | 1,000.00 | $ | 1022.11 | $ | 2.70 | 0.54 | % | 181 | 365 | |||||||||||||||||||||
American Funds International HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,150.45 | $ | 2.87 | $ | 1,000.00 | $ | 1022.11 | $ | 2.70 | 0.54 | % | 181 | 365 | |||||||||||||||||||||
American Funds New World HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,197.49 | $ | 2.99 | $ | 1,000.00 | $ | 1022.06 | $ | 2.75 | 0.55 | % | 181 | 365 | |||||||||||||||||||||
35
Table of Contents
Hartford Series Fund, Inc. Hartford HLS Series Fund II, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Table of Contents
Hartford Global Growth HLS Fund inception 9/30/1998
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689202.gif)
MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the U.S., Canada, Europe, Australia, New Zealand and the Far East.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Global Growth IA | -39.66 | % | -3.88 | % | 0.16 | % | ||||||
Global Growth IB | -39.81 | % | -4.12 | % | -0.07 | % | ||||||
MSCI World Growth Index | -30.59 | % | 0.42 | % | -1.93 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||||
Matthew D. Hudson, CFA | Andrew S. Offit, CPA | Jean-Marc Berteaux | ||
Vice President | Senior Vice President, Partner | Senior Vice President, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Global Growth HLS Fund returned 9.29% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI World Growth Index, which returned 9.44% for the same period. The Fund underperformed the 13.70% return of the average fund in the Lipper Global Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was a volatile one for the equity markets. Global equities declined during the first part of the period amid increasing signs of a deeper and more protracted recession. Markets then rebounded in the second part of the period as governments around the world increased their involvement to help mitigate the financial crisis. Some encouraging economic data added fuel to the recovery. In this environment, the MSCI World Growth Index (+9.4%) outperformed the MSCI World Value Index (+4.1%). Within the MSCI World Growth Index, nine out of ten sectors posted positive returns. Materials (+23%), Information Technology (+22%), and Energy (+20%) gained the most, while Utilities (-6%) was the only sector to decline. Health Care (0%) and Consumer Staples (0%) also lagged on a relative basis.
Security selection was positive in Health Care, Financials, and Consumer Staples. This was offset by weaker selection in Industrials, Consumer Discretionary, and Materials. Sector allocation, which is a residual of bottom-up security selection, benefited from the Fund’s underweights (i.e. the Fund’s sector position was less than the benchmark position) to Utilities and Consumer Staples, but was hurt by the Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care and Telecommunication Services.
Goldman Sachs (Financials), Seadrill (Energy), and Prudential Financial (Financials) were the leading contributors to benchmark-relative performance. Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Shares of Seadrill, an offshore drilling company, moved sharply higher amid rising oil prices and as the company reported better-than-expected operating profits. Prudential
1 |
Table of Contents
Financial, a leading diversified financial services company, benefited as investors gained confidence that the worst of the financial crisis was behind the company. Shares rose after the firm reported better-than-expected first quarter earnings despite continued investment losses. Other significant contributors to absolute (i.e. total return) return included Apple (Information Technology) and BHP Billiton (Materials).
The top detractors from the Fund’s relative performance were Wells Fargo (Financials), Las Vegas Sands (Consumer Discretionary), and SunPower (Industrials). Diversified financial services company Wells Fargo saw its shares fall sharply as investors became concerned about the potential negative impact of the Wachovia acquisition on the company’s balance sheet. Shares of Las Vegas Sands, a developer and operator of hotel, gaming, and resort businesses, fell due to disappointing earnings and concerns that the company’s balance sheet was overstretched. Shares of solar panel manufacturer SunPower moved lower after solar-sector peer First Solar commented on the potential risk of oversupply in the market. Nintendo (Information Technology) also detracted from absolute and relative returns.
What is the outlook?
We believe that government action is, in small increments, helping to reduce the probability of a worst-case outcome for the economy. Against this backdrop, we continue to seek globally competitive growth companies within growing sectors.
Portfolio construction is a bottom-up process based on intensive company research. Allocations among sectors are the result of individual stock decisions. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Financials, and Industrials stocks. The Fund held below-benchmark weights in Consumer Staples, Utilities, and Information Technology names. While still underweight relative to the benchmark, exposure to Consumer Discretionary increased during the period through purchases of high quality retailers, including Gap, and auto companies, including Nissan and Daimler, as we are beginning to see signs of an improving economy. Telecommunication Services was the Fund’s largest overweight as of June 30, with significant positions in wireless communications service provider MetroPCS and wireless communication infrastructure company American Tower.
Portfolio construction is a bottom-up process based on intensive company research. Allocations among sectors are the result of individual stock decisions. At the end of the period, our stock-by-stock investment process resulted in greater-than-benchmark weights in Telecommunication Services, Financials, and Industrials stocks. The Fund held below-benchmark weights in Consumer Staples, Utilities, and Information Technology names. While still underweight relative to the benchmark, exposure to Consumer Discretionary increased during the period through purchases of high quality retailers, including Gap, and auto companies, including Nissan and Daimler, as we are beginning to see signs of an improving economy. Telecommunication Services was the Fund’s largest overweight as of June 30, with significant positions in wireless communications service provider MetroPCS and wireless communication infrastructure company American Tower.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.1 | % | ||
Banks | 3.6 | |||
Capital Goods | 12.1 | |||
Consumer Services | 0.9 | |||
Diversified Financials | 5.4 | |||
Energy | 9.5 | |||
Food & Staples Retailing | 2.7 | |||
Food, Beverage & Tobacco | 4.3 | |||
Health Care Equipment & Services | 4.3 | |||
Household & Personal Products | 1.6 | |||
Insurance | 2.5 | |||
Materials | 7.4 | |||
Media | 1.9 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.9 | |||
Retailing | 5.4 | |||
Semiconductors & Semiconductor Equipment | 2.6 | |||
Software & Services | 6.8 | |||
Technology Hardware & Equipment | 8.9 | |||
Telecommunication Services | 6.3 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.0 | % | ||
Brazil | 2.4 | |||
Canada | 3.6 | |||
China | 0.7 | |||
Denmark | 2.1 | |||
Germany | 6.0 | |||
Hong Kong | 1.0 | |||
Israel | 1.7 | |||
Japan | 5.3 | |||
Netherlands | 1.2 | |||
Norway | 0.5 | |||
Spain | 3.6 | |||
Switzerland | 4.4 | |||
Taiwan | 0.9 | |||
United Kingdom | 9.8 | |||
United States | 54.0 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
2 |
Table of Contents
Hartford Growth Opportunities HLS Fund inception 3/24/1987
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689203.gif)
Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
Russell 3000 Growth Index is an unmanaged index that measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. (The Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.)
Investment goal – Seeks capital appreciation.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Growth Opportunities IA | -36.40 | % | 0.41 | % | 3.26 | % | ||||||
Growth Opportunities IB | -36.56 | % | 0.16 | % | 3.00 | % | ||||||
Russell 1000 Growth Index | -24.50 | % | -1.83 | % | -4.18 | % | ||||||
Russell 3000 Growth Index | -24.53 | % | -1.78 | % | -3.94 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||
Michael T. Carmen, CFA, CPA | Mario E. Abularach, CFA, CMT | |
Senior Vice President, Partner | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Growth Opportunities HLS Fund returned 4.02% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 3000 Growth Index, which returned 11.52% for the same period. The Fund also underperformed the 11.80% return of the average fund in the Lipper Multi-Cap Growth VP-UF Average Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed their larger cap (+3.2%) and smaller cap (+2.6%) counterparts as measured by the S&P MidCap 400, S&P 500, and Russell 2000 Indexes, respectively. The change in sentiment provided a tailwind for growth stocks (+11.5%) while value stocks (-2.9%) declined. All ten sectors of the Russell 3000 Growth Index (+11.5%) rose during the period.
3 |
Table of Contents
The Information Technology (+25.0%), Materials (+15.1%), and Consumer Discretionary (+14.6%) sectors rose the most.
The Fund underperformed its benchmark primarily due to weak security selection. Stock selection was weakest in the Information Technology, Industrials, and Financials sectors, while results were more favorable in Consumer Staples, Energy, and Materials. Sector allocation, a fallout of bottom-up stock selection, also detracted from results due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) to Information Technology and an overweight (i.e. the Fund’s sector position was greater than the benchmark position) to Health Care; this more than offset the benefit of being underweight Consumer Staples.
The top relative (i.e. performance of the Fund as measured against the benchmark) detractors from the Fund’s performance during the period were Apple (Information Technology), HUGHES Telematics (Information Technology), and State Street (Financials). Our underweight to consumer electronics company Apple detracted from performance, as the company’s quarterly earnings results beat expectations, driven by an increase in iPhone sales, despite slowing consumer trends. Shares of HUGHES Telematics, a provider of remote automobile safety and security monitoring services, fell as the company approved an offer to exchange previously issued warrants for common stock. Shares of State Street, a financial holding company with investment management and investment servicing operations, fell in the first quarter on disclosures of unrealized losses and concerns of capital adequacy. Top absolute (i.e. total return) detractors included Industrials names Delta Air Lines and Covanta.
Among the top relative contributors to the Fund’s performance during the period were Goldman Sachs (Financials) and Jarden (Consumer Discretionary). Shares of Goldman Sachs, a U.S. bank holding company and investment bank, continued to benefit from the firm’s relative strength versus peers and its intention to pay back government loans. Jarden, a consumer products company with a portfolio of niche brands, reported first quarter earnings that exceeded expectations, on better-than-expected sales, solid revenues, and working capital improvements. Our decision not to own major global retailer Wal-Mart (Consumer Staples) also helped relative results. Wal-Mart’s stock fell during the period due to slowing consumer spending. Pharmaceutical company Schering-Plough was also among the top absolute contributors to the Fund’s performance.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
We are beginning to position the Fund for a recovery in 2010-2011, increasing our exposure to companies in the Information Technology and Consumer Discretionary sectors. During the period we reduced our relative exposure in Financials, Industrials, and Health Care. We ended the period most overweight Consumer Discretionary and Financials, and most underweight Consumer Staples, relative to the Russell 3000 Growth Index.
At a meeting held on February 3-4, 2009, the Board of Directors of Hartford HLS Series Fund II, Inc. approved the reorganization (the “Reorganization”) of Hartford LargeCap Growth HLS Fund (the “Acquired Fund”) with and into Hartford Growth Opportunities HLS Fund (the “Acquiring Fund”).
The Board of Directors has called for a Special Meeting of Shareholders of the Acquired Fund (the “Meeting”) to be held on or about September 15, 2009, for the purpose of seeking the approval of the Agreement and Plan of Reorganization (“Reorganization Agreement”) with respect to the Acquired Fund. If approved, the Reorganization is expected to occur on or about October 2, 2009.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 1.1 | % | ||
Banks | 2.6 | |||
Capital Goods | 8.2 | |||
Commercial & Professional Services | 0.8 | |||
Consumer Durables & Apparel | 1.4 | |||
Consumer Services | 1.6 | |||
Diversified Financials | 4.4 | |||
Energy | 6.5 | |||
Food, Beverage & Tobacco | 3.8 | |||
Health Care Equipment & Services | 5.6 | |||
Insurance | 1.9 | |||
Materials | 2.3 | |||
Media | 1.1 | |||
Other Investment Pools and Funds | 0.7 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 10.2 | |||
Retailing | 9.2 | |||
Semiconductors & Semiconductor Equipment | 3.9 | |||
Software & Services | 13.4 | |||
Technology Hardware & Equipment | 12.1 | |||
Telecommunication Services | 1.2 | |||
Transportation | 1.0 | |||
Short-Term Investments | 2.6 | |||
Other Assets and Liabilities | 4.4 | |||
Total | 100.0 | % | ||
4 |
Table of Contents
Hartford Global Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.2% | ||||||||||||
Automobiles & Components — 2.1% | ||||||||||||
159 | Daimler AG | $ | 5,757 | |||||||||
916 | Nissan Motor Co., Ltd. | 5,561 | ||||||||||
11,318 | ||||||||||||
Banks — 3.6% | ||||||||||||
494 | Banco Santander Central Hispano S.A. | 5,969 | ||||||||||
677 | BOC Hong Kong Holdings Ltd. | 1,177 | ||||||||||
374 | Itau Unibanco Banco Multiplo S.A. ADR | 5,922 | ||||||||||
343 | Standard Chartered plc | 6,458 | ||||||||||
19,526 | ||||||||||||
Capital Goods — 12.1% | ||||||||||||
89 | Danaher Corp. | 5,482 | ||||||||||
134 | Deere & Co. | 5,333 | ||||||||||
174 | Illinois Tool Works, Inc. | 6,512 | ||||||||||
113 | Lockheed Martin Corp. | 9,089 | ||||||||||
122 | Parker-Hannifin Corp. | 5,220 | ||||||||||
63 | Precision Castparts Corp. | 4,616 | ||||||||||
112 | Siemens AG | 7,736 | ||||||||||
53 | Smc Corp. | 5,691 | ||||||||||
285 | Sunpower Corp. (D) | 7,598 | ||||||||||
106 | Vestas Wind Systems A/S (D) | 7,595 | ||||||||||
64,872 | ||||||||||||
Consumer Services — 0.9% | ||||||||||||
753 | MGM Mirage, Inc. (D) | 4,814 | ||||||||||
Diversified Financials — 5.4% | ||||||||||||
793 | Bank of America Corp. | 10,472 | ||||||||||
39 | Goldman Sachs Group, Inc. | 5,721 | ||||||||||
179 | JP Morgan Chase & Co. | 6,112 | ||||||||||
165 | Julius Baer Holding Ltd. | 6,404 | ||||||||||
28,709 | ||||||||||||
Energy — 9.5% | ||||||||||||
395 | BG Group plc | 6,654 | ||||||||||
139 | Canadian Natural Resources Ltd. | 7,317 | ||||||||||
77 | EOG Resources, Inc. | 5,230 | ||||||||||
124 | Hess Corp. | 6,638 | ||||||||||
174 | National Oilwell Varco, Inc. (D) | 5,690 | ||||||||||
168 | Petroleo Brasileiro S.A. ADR | 6,885 | ||||||||||
180 | Schlumberger Ltd. | 9,745 | ||||||||||
178 | Seadrill Ltd. | 2,566 | ||||||||||
50,725 | ||||||||||||
Food & Staples Retailing — 2.7% | ||||||||||||
568 | Koninklijke Ahold N.V. | 6,550 | ||||||||||
161 | Metro AG | 7,678 | ||||||||||
14,228 | ||||||||||||
Food, Beverage & Tobacco — 4.3% | ||||||||||||
334 | British American Tobacco plc | 9,216 | ||||||||||
62 | Carlsberg A/S Class B | 3,987 | ||||||||||
273 | Nestle S.A. | 10,299 | ||||||||||
23,502 | ||||||||||||
Health Care Equipment & Services — 4.3% | ||||||||||||
120 | Fresenius Medical Care AG & Co. | 5,397 | ||||||||||
18 | Intuitive Surgical, Inc. (D) | 2,962 | ||||||||||
196 | St. Jude Medical, Inc. (D) | 8,060 | ||||||||||
253 | UnitedHealth Group, Inc. | 6,322 | ||||||||||
22,741 | ||||||||||||
Household & Personal Products — 1.6% | ||||||||||||
190 | Reckitt Benckiser Group plc | 8,658 | ||||||||||
Insurance — 2.5% | ||||||||||||
41 | Muenchener Rueckversicherungs NPV | 5,530 | ||||||||||
575 | Ping An Insurance (Group) Co. | 3,856 | ||||||||||
111 | Prudential Financial, Inc. | 4,139 | ||||||||||
13,525 | ||||||||||||
Materials — 7.4% | ||||||||||||
203 | Barrick Gold Corp. | 6,810 | ||||||||||
404 | BHP Billiton plc | 9,115 | ||||||||||
72 | Monsanto Co. | 5,319 | ||||||||||
74 | Praxair, Inc. | 5,231 | ||||||||||
107 | Shin-Etsu Chemical Co., Ltd. | 4,981 | ||||||||||
737 | Xstrata plc | 8,012 | ||||||||||
39,468 | ||||||||||||
Media — 1.9% | ||||||||||||
396 | Comcast Corp. Class A | 5,738 | ||||||||||
689 | WPP plc | 4,582 | ||||||||||
10,320 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.9% | ||||||||||||
145 | Abbott Laboratories | 6,830 | ||||||||||
106 | Allergan, Inc. | 5,034 | ||||||||||
153 | Amgen, Inc. (D) | 8,084 | ||||||||||
209 | CSL Ltd. | 5,410 | ||||||||||
289 | Daiichi Sankyo Co., Ltd. | 5,153 | ||||||||||
132 | Gilead Sciences, Inc. (D) | 6,178 | ||||||||||
53 | Roche Holding AG | 7,201 | ||||||||||
184 | Teva Pharmaceutical Industries Ltd. ADR | 9,064 | ||||||||||
52,954 | ||||||||||||
Retailing — 5.4% | ||||||||||||
157 | Best Buy Co., Inc. | 5,254 | ||||||||||
348 | Gap, Inc. | 5,702 | ||||||||||
86 | Industria de Diseno Textil S.A. | 4,133 | ||||||||||
90 | Kohl’s Corp. (D) | 3,860 | ||||||||||
1,516 | Li & Fung Ltd. | 4,048 | ||||||||||
298 | Lowe’s Co., Inc. | 5,792 | ||||||||||
28,789 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.6% | ||||||||||||
298 | Altera Corp. | 4,856 | ||||||||||
377 | NVIDIA Corp. (D) | 4,251 | ||||||||||
533 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 5,013 | ||||||||||
14,120 | ||||||||||||
Software & Services — 6.8% | ||||||||||||
19 | Google, Inc. (D) | 8,065 | ||||||||||
686 | Oracle Corp. | 14,688 | ||||||||||
105 | Visa, Inc. | 6,531 | ||||||||||
457 | Western Union Co. | 7,493 | ||||||||||
36,777 | ||||||||||||
Technology Hardware & Equipment — 8.9% | ||||||||||||
59 | Apple, Inc. (D) | 8,446 | ||||||||||
729 | Cisco Systems, Inc. (D) | 13,583 | ||||||||||
157 | Hewlett-Packard Co. | 6,072 | ||||||||||
286 | NetApp, Inc. (D) | 5,638 | ||||||||||
181 | Qualcomm, Inc. | 8,177 | ||||||||||
78 | Research In Motion Ltd. (D) | 5,520 | ||||||||||
47,436 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
5
Table of Contents
Hartford Global Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — (continued) | ||||||||||||
Telecommunication Services — 6.3% | ||||||||||||
227 | American Tower Corp. Class A (D) | $ | 7,152 | |||||||||
818 | MetroPCS Communications, Inc. (D) | 10,886 | ||||||||||
344 | Softbank Corp. | 6,708 | ||||||||||
390 | Telefonica S.A. | 8,854 | ||||||||||
33,600 | ||||||||||||
Total common stocks (cost $537,131) | $ | 526,082 | ||||||||||
Total long-term investments (cost $537,131) | $ | 526,082 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.7% | ||||||||||||
Repurchase Agreements — 1.7% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $553, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $564) | ||||||||||||
$ | 553 | 0.09%, 6/30/2009 | $ | 553 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $5,093, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $5,195) | ||||||||||||
5,093 | 0.05%, 6/30/2009 | 5,093 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,281, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $1,306) | ||||||||||||
1,281 | 0.09%, 6/30/2009 | 1,281 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,919, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,957) | ||||||||||||
1,919 | 0.08%, 6/30/2009 | 1,918 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2) | ||||||||||||
2 | 0.03%, 6/30/2009 | 2 | ||||||||||
8,847 | ||||||||||||
Total short-term investments (cost $8,847) | $ | 8,847 | ||||||||||
Total investments (cost $545,978) (C) | 99.9 | % | $ | 534,929 | ||||||||
Other assets and liabilities | 0.1 | % | 466 | |||||||||
Total net assets | 100.0 | % | $ | 535,395 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 44.2% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $552,486 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 41,174 | ||
Unrealized Depreciation | (58,731 | ) | ||
Net Unrealized Depreciation | $ | (17,557 | ) | |
(D) | Currently non-income producing. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Sell) | $ | 712 | $ | 713 | 07/01/09 | $ | 1 | |||||||||
British Pound (Buy) | 2,675 | 2,684 | 07/01/09 | (9 | ) | |||||||||||
British Pound (Buy) | 1,975 | 1,984 | 07/02/09 | (9 | ) | |||||||||||
Canadian Dollar (Sell) | 196 | 198 | 07/02/09 | 2 | ||||||||||||
Canadian Dollar (Sell) | 662 | 666 | 07/06/09 | 4 | ||||||||||||
Euro (Sell) | 1,763 | 1,767 | 07/01/09 | 4 | ||||||||||||
Euro (Sell) | 2,835 | 2,846 | 07/02/09 | 11 | ||||||||||||
Hong Kong Dollar (Buy) | 1,198 | 1,198 | 07/02/09 | – | ||||||||||||
$ | 4 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.0 | % | ||
Brazil | 2.4 | |||
Canada | 3.6 | |||
China | 0.7 | |||
Denmark | 2.1 | |||
Germany | 6.0 | |||
Hong Kong | 1.0 | |||
Israel | 1.7 | |||
Japan | 5.3 | |||
Netherlands | 1.2 | |||
Norway | 0.5 | |||
Spain | 3.6 | |||
Switzerland | 4.4 | |||
Taiwan | 0.9 | |||
United Kingdom | 9.8 | |||
United States | 54.0 | |||
Short-Term Investments | 1.7 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
The accompanying notes are an integral part of these financial statements.
6
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 526,082 | $ | 335,146 | $ | 190,936 | $ | — | ||||||||
Short-Term Investments | 8,847 | – | 8,847 | — | ||||||||||||
Total | $ | 534,929 | $ | 335,146 | $ | 199,783 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 22 | $ | – | $ | 22 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 18 | $ | – | $ | 18 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
7
Table of Contents
Hartford Growth Opportunities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 91.9% | ||||||||||||
Automobiles & Components — 1.1% | ||||||||||||
1,611 | Ford Motor Co. (D) | $ | 9,781 | |||||||||
Banks — 2.6% | ||||||||||||
661 | Itau Unibanco Banco Multiplo S.A. ADR | 10,460 | ||||||||||
534 | Wells Fargo & Co. | 12,948 | ||||||||||
23,408 | ||||||||||||
Capital Goods — 8.2% | ||||||||||||
364 | Aecom Technology Corp. (D) | 11,661 | ||||||||||
45 | First Solar, Inc. (D) | 7,231 | ||||||||||
327 | Illinois Tool Works, Inc. | 12,214 | ||||||||||
1,004 | Masco Corp. | 9,619 | ||||||||||
329 | Pall Corp. | 8,738 | ||||||||||
157 | Parker-Hannifin Corp. | 6,732 | ||||||||||
327 | Tyco International Ltd. | 8,501 | ||||||||||
106 | Vestas Wind Systems A/S (D) | 7,614 | ||||||||||
72,310 | ||||||||||||
Commercial & Professional Services — 0.8% | ||||||||||||
253 | Tetra Tech, Inc. (D) | 7,251 | ||||||||||
Consumer Durables & Apparel — 1.4% | ||||||||||||
670 | Jarden Corp. (D) | 12,555 | ||||||||||
Consumer Services — 1.6% | ||||||||||||
196 | Apollo Group, Inc. Class A (D) | 13,954 | ||||||||||
Diversified Financials — 4.4% | ||||||||||||
965 | Bank of America Corp. | 12,743 | ||||||||||
87 | Deutsche Boerse AG | 6,767 | ||||||||||
63 | Goldman Sachs Group, Inc. | 9,259 | ||||||||||
487 | Nasdaq OMX Group, Inc. (D) | 10,387 | ||||||||||
39,156 | ||||||||||||
Energy — 6.5% | ||||||||||||
97 | Canadian Natural Resources Ltd. ADR | 5,097 | ||||||||||
134 | EnCana Corp. ADR | 6,604 | ||||||||||
114 | EOG Resources, Inc. | 7,709 | ||||||||||
224 | Forest Oil Corp. (D) | 3,344 | ||||||||||
157 | Hess Corp. | 8,423 | ||||||||||
141 | Occidental Petroleum Corp. | 9,299 | ||||||||||
105 | Smith International, Inc. | 2,696 | ||||||||||
333 | Suncor Energy, Inc. ADR | 10,112 | ||||||||||
124 | Ultra Petroleum Corp. (D) | 4,820 | ||||||||||
58,104 | ||||||||||||
Food, Beverage & Tobacco — 3.8% | ||||||||||||
621 | Coca-Cola Enterprises, Inc. | 10,345 | ||||||||||
425 | Dr Pepper Snapple Group (D) | 9,010 | ||||||||||
142 | Fomento Economico Mexicano S.A.B. De C.V. ADR | 4,591 | ||||||||||
223 | Philip Morris International, Inc. | 9,736 | ||||||||||
33,682 | ||||||||||||
Health Care Equipment & Services — 5.6% | ||||||||||||
293 | Covidien plc | 10,951 | ||||||||||
58 | Edwards Lifesciences Corp. (D) | 3,932 | ||||||||||
51 | Intuitive Surgical, Inc. (D) | 8,412 | ||||||||||
218 | Medtronic, Inc. | 7,617 | ||||||||||
254 | St. Jude Medical, Inc. (D) | 10,456 | ||||||||||
334 | UnitedHealth Group, Inc. | 8,353 | ||||||||||
49,721 | ||||||||||||
Insurance — 1.9% | ||||||||||||
125 | ACE Ltd. | 5,546 | ||||||||||
136 | Aflac, Inc. | 4,235 | ||||||||||
332 | Marsh & McLennan Cos., Inc. | 6,677 | ||||||||||
16,458 | ||||||||||||
Materials — 2.3% | ||||||||||||
70 | Agnico Eagle Mines Ltd. | 3,689 | ||||||||||
112 | Goldcorp, Inc. | 3,906 | ||||||||||
90 | Newmont Mining Corp. | 3,658 | ||||||||||
516 | Vale S.A. — SP ADR | 9,102 | ||||||||||
20,355 | ||||||||||||
Media — 1.1% | ||||||||||||
345 | DreamWorks Animation SKG, Inc. (D) | 9,530 | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 10.2% | ||||||||||||
325 | Alkermes, Inc. (D) | 3,513 | ||||||||||
201 | Amgen, Inc. (D) | 10,652 | ||||||||||
397 | Amylin Pharmaceuticals, Inc. (D) | 5,355 | ||||||||||
292 | Auxilium Pharmaceuticals, Inc. (D) | 9,169 | ||||||||||
175 | Cephalon, Inc. (D) | 9,931 | ||||||||||
608 | Daiichi Sankyo Co., Ltd. | 10,851 | ||||||||||
311 | Elan Corp. plc ADR (D) | 1,980 | ||||||||||
889 | Pfizer, Inc. | 13,338 | ||||||||||
479 | Shionogi & Co., Ltd. | 9,261 | ||||||||||
331 | Teva Pharmaceutical Industries Ltd. ADR | 16,331 | ||||||||||
90,381 | ||||||||||||
Retailing — 9.2% | ||||||||||||
302 | Advance Automotive Parts, Inc. | 12,517 | ||||||||||
109 | Amazon.com, Inc. (D) | 9,136 | ||||||||||
466 | Best Buy Co., Inc. | 15,600 | ||||||||||
123 | Dufry Group | 4,706 | ||||||||||
846 | Gap, Inc. | 13,879 | ||||||||||
271 | Kohl’s Corp. (D) | 11,594 | ||||||||||
698 | Staples, Inc. | 14,071 | ||||||||||
81,503 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.9% | ||||||||||||
752 | Marvell Technology Group Ltd. (D) | 8,747 | ||||||||||
805 | Maxim Integrated Products, Inc. | 12,634 | ||||||||||
617 | Texas Instruments, Inc. | 13,151 | ||||||||||
34,532 | ||||||||||||
Software & Services — 13.4% | ||||||||||||
298 | Accenture Ltd. Class A | 9,955 | ||||||||||
445 | Adobe Systems, Inc. (D) | 12,596 | ||||||||||
399 | BMC Software, Inc. (D) | 13,469 | ||||||||||
14 | Google, Inc. (D) | 5,944 | ||||||||||
330 | McAfee, Inc. (D) | 13,931 | ||||||||||
631 | Microsoft Corp. | 14,989 | ||||||||||
747 | Oracle Corp. | 16,001 | ||||||||||
676 | Red Hat, Inc. (D) | 13,616 | ||||||||||
135 | Visa, Inc. | 8,430 | ||||||||||
604 | Western Union Co. | 9,905 | ||||||||||
118,836 | ||||||||||||
Technology Hardware & Equipment — 11.7% | ||||||||||||
155 | Apple, Inc. (D) | 22,034 | ||||||||||
718 | Cisco Systems, Inc. (D) | 13,380 | ||||||||||
253 | Hewlett-Packard Co. | 9,794 | ||||||||||
248 | Hughes Telematics Inc. (D) | 1,428 | ||||||||||
409 | Juniper Networks, Inc. (D) | 9,643 | ||||||||||
1,447 | Motorola, Inc. | 9,593 | ||||||||||
310 | Qualcomm, Inc. | 13,989 |
The accompanying notes are an integral part of these financial statements.
8
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — (continued) | ||||||||||||
1,325 | Seagate Technology | $ | 13,860 | |||||||||
378 | Western Digital Corp. (D) | 10,020 | ||||||||||
103,741 | ||||||||||||
Telecommunication Services — 1.2% | ||||||||||||
136 | MetroPCS Communications, Inc. (D) | 1,816 | ||||||||||
604 | MTN Group Ltd. | 9,281 | ||||||||||
11,097 | ||||||||||||
Transportation — 1.0% | ||||||||||||
153 | FedEx Corp. | 8,515 | ||||||||||
Total common stocks (cost $819,330) | $ | 814,870 | ||||||||||
PREFERRED STOCKS — 0.4% | ||||||||||||
Technology Hardware & Equipment — 0.4% | ||||||||||||
700 | Hughes Telematics (H)(D)(A) | $ | 3,622 | |||||||||
Total preferred stocks (cost $7,000) | $ | 3,622 | ||||||||||
EXCHANGE TRADED FUNDS — 0.7% | ||||||||||||
Other Investment Pools and Funds — 0.7% | ||||||||||||
68 | S & P 500 Depositary Receipt | $ | 6,251 | |||||||||
Total exchange traded funds (cost $6,037) | $ | 6,251 | ||||||||||
Total long-term investments (cost $832,367) | $ | 824,743 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 2.6% | ||||||||||||
Repurchase Agreements — 2.6% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,422, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $1,450) | ||||||||||||
$ | 1,422 | 0.09%, 6/30/2009 | $ | 1,422 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $13,092, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $13,354) | ||||||||||||
13,092 | 0.05%, 6/30/2009 | 13,092 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,292, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $3,358) | ||||||||||||
3,292 | 0.09%, 6/30/2009 | 3,292 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4,932, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $5,030) | ||||||||||||
4,932 | 0.08%, 6/30/2009 | 4,932 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $4, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $4) | ||||||||||||
4 | 0.03%, 6/30/2009 | 4 | ||||||||||
22,742 | ||||||||||||
Total short-term investments (cost $22,742) | $ | 22,742 | ||||||||||
Total investments (cost $855,109) (C) | 95.6 | % | $ | 847,485 | ||||||||
Other assets and liabilities | 4.4 | % | 38,803 | |||||||||
Total net assets | 100.0 | % | $ | 886,288 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $874,115 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 70,807 | ||
Unrealized Depreciation | (97,437 | ) | ||
Net Unrealized Depreciation | $ | (26,630 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $3,622, which represents 0.41% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
03/2009 | 700 | Hughes Telematics — Reg D | $ | 7,000 |
The aggregate value of these securities at June 30, 2009 was $3,622 which represents 0.41% of total net assets. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
9
Table of Contents
Hartford Growth Opportunities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 814,870 | $ | 766,390 | $ | 48,480 | $ | — | ||||||||
Exchange Traded Funds | 6,251 | 6,251 | — | — | ||||||||||||
Preferred Stocks | 3,622 | — | — | 3,622 | ||||||||||||
Short-Term Investments | 22,742 | — | 22,742 | — | ||||||||||||
Total | $ | 847,485 | $ | 772,641 | $ | 71,222 | $ | 3,622 | ||||||||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Balance as of | ||||||||||||||
December 31, | Unrealized | June 30, | ||||||||||||||
2008 | Depreciation | Net Purchases | 2009 | |||||||||||||
Assets: | ||||||||||||||||
Common Stock | $ | — | $ | (3,378 | )* | $ | 7,000 | $ | 3,622 | |||||||
Total | $ | — | $ | (3,378 | ) | $ | 7,000 | $ | 3,622 | |||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(3,378). |
The accompanying notes are an integral part of these financial statements.
10
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CERTIFICATES OF DEPOSIT — 1.6% | ||||||||||||
Finance — 1.6% | ||||||||||||
BNP Paribas | ||||||||||||
$ | 27,000 | 0.26%, 08/18/2009 | $ | 27,000 | ||||||||
BNP Paribas Finance | ||||||||||||
21,500 | 0.71%, 07/13/2009 | 21,500 | ||||||||||
Royal Bank of Canada NY | ||||||||||||
9,000 | 0.27%, 08/26/2009 | 9,000 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
14,500 | 0.22%, 07/15/2009 | 14,500 | ||||||||||
72,000 | ||||||||||||
Total certificates of deposit (cost $72,000) | $ | 72,000 | ||||||||||
COMMERCIAL PAPER — 34.9% | ||||||||||||
Basic Materials — 1.1% | ||||||||||||
Praxair, Inc. | ||||||||||||
$ | 33,400 | 0.20%, 07/29/2009 — 07/30/2009 | $ | 33,395 | ||||||||
16,500 | 0.35%, 07/16/2009 | 16,497 | ||||||||||
49,892 | ||||||||||||
Consumer Staples — 4.5% | ||||||||||||
Coca Cola Co. | ||||||||||||
28,000 | 0.20%, 07/29/2009 — 08/19/2009 | 27,995 | ||||||||||
10,750 | 0.22%, 08/21/2009 | 10,746 | ||||||||||
28,000 | 0.50%, 10/05/2009 | 27,963 | ||||||||||
Colgate-Palmolive Co. | ||||||||||||
20,750 | 0.18%, 07/10/2009 | 20,749 | ||||||||||
21,000 | 0.20%, 07/02/2009 | 21,000 | ||||||||||
Proctor & Gamble | ||||||||||||
32,750 | 0.18%, 07/08/2009 (I) | 32,749 | ||||||||||
41,000 | 0.20%, 07/30/2009 — 08/10/2009 (I) | 40,993 | ||||||||||
15,250 | 0.25%, 09/14/2009 (I) | 15,242 | ||||||||||
197,437 | ||||||||||||
Energy — 1.0% | ||||||||||||
ConocoPhillips | ||||||||||||
45,500 | 0.22%, 07/09/2009 (I) | 45,498 | ||||||||||
Finance — 13.4% | ||||||||||||
Citigroup Funding, Inc. | ||||||||||||
47,500 | 0.20%, 09/10/2009 | 47,481 | ||||||||||
42,000 | 0.25%, 08/10/2009 | 41,989 | ||||||||||
European Investment Bank | ||||||||||||
23,500 | 0.21%, 08/17/2009 | 23,494 | ||||||||||
General Electric Capital Corp. | ||||||||||||
74,000 | 0.23%, 07/30/2009 — 09/02/2009 | 73,977 | ||||||||||
JP Morgan Chase Funding, Inc. | ||||||||||||
32,000 | 0.25%, 07/08/2009 — 08/31/2009 | 31,995 | ||||||||||
23,500 | 0.30%, 07/14/2009 | 23,497 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||
25,250 | 0.17%, 08/04/2009 (I) | 25,246 | ||||||||||
43,000 | 0.20%, 07/24/2009 (I) | 42,995 | ||||||||||
20,500 | 0.31%, 09/24/2009 (I) | 20,486 | ||||||||||
25,000 | 0.32%, 10/08/2009 (I) | 24,978 | ||||||||||
19,500 | 0.33%, 08/12/2009 (I) | 19,493 | ||||||||||
Queensland Treasury Corp. | ||||||||||||
15,000 | 0.42%, 08/31/2009 | 14,989 | ||||||||||
20,750 | 0.50%, 10/06/2009 | 20,722 | ||||||||||
32,750 | 0.62%, 07/20/2009 | 32,739 | ||||||||||
Rabobank USA | ||||||||||||
9,750 | 0.19%, 07/16/2009 | 9,749 | ||||||||||
24,500 | 0.25%, 09/03/2009 | 24,489 | ||||||||||
8,500 | 0.30%, 08/21/2009 | 8,497 | ||||||||||
13,250 | 0.64%, 07/06/2009 | 13,249 | ||||||||||
Royal Bank of Scotland plc | ||||||||||||
26,000 | 0.19%, 08/27/2009 | 25,992 | ||||||||||
State Street Corp. | ||||||||||||
33,000 | 0.22%, 08/14/2009 | 32,991 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
19,250 | 0.35%, 10/21/2009 (I) | 19,229 | ||||||||||
Wells Fargo | ||||||||||||
19,500 | 0.05%, 07/01/2009 | 19,500 | ||||||||||
597,777 | ||||||||||||
Foreign Governments — 10.5% | ||||||||||||
British Columbia (Province of) | ||||||||||||
20,500 | 0.18%, 08/26/2009 | 20,494 | ||||||||||
42,250 | 0.23%, 09/01/2009 — 09/08/2009 | 42,233 | ||||||||||
19,000 | 0.28%, 10/06/2009 | 18,986 | ||||||||||
7,000 | 0.29%, 08/20/2009 | 6,997 | ||||||||||
23,250 | 0.42%, 07/14/2009 | 23,246 | ||||||||||
Canada (Government of) | ||||||||||||
35,250 | 0.23%, 10/06/2009 | 35,228 | ||||||||||
44,750 | 0.25%, 09/11/2009 | 44,728 | ||||||||||
31,250 | 0.58%, 08/07/2009 | 31,231 | ||||||||||
Ontario (Province of) | ||||||||||||
11,300 | 0.20%, 07/08/2009 | 11,300 | ||||||||||
41,500 | 0.22%, 08/04/2009 | 41,491 | ||||||||||
25,250 | 0.23%, 08/13/2009 | 25,243 | ||||||||||
26,750 | 0.24%, 09/09/2009 | 26,737 | ||||||||||
Quebec (Province of) | ||||||||||||
26,250 | 0.20%, 07/09/2009 (M) | 26,249 | ||||||||||
29,000 | 0.23%, 08/24/2009 | 28,990 | ||||||||||
8,000 | 0.27%, 07/21/2009 | 7,999 | ||||||||||
43,250 | 0.28%, 08/04/2009 | 43,239 | ||||||||||
26,750 | 0.45%, 07/20/2009 | 26,744 | ||||||||||
461,135 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Abbott Laboratories | ||||||||||||
19,850 | 0.20%, 07/28/2009 | 19,847 | ||||||||||
11,500 | 0.21%, 08/31/2009 (I) | 11,496 | ||||||||||
31,343 | ||||||||||||
Technology — 1.3% | ||||||||||||
Microsoft Corp. | ||||||||||||
34,250 | 0.20%, 08/21/2009 | 34,241 | ||||||||||
23,600 | 0.23%, 07/07/2009 | 23,599 | ||||||||||
57,840 | ||||||||||||
Transportation — 1.1% | ||||||||||||
General Dynamics Corp. | ||||||||||||
49,500 | 0.21%, 07/01/2009 (I) | 49,500 | ||||||||||
Utilities — 1.3% | ||||||||||||
Florida Power And Light Co. | ||||||||||||
23,000 | 0.17%, 07/06/2009 | 22,999 | ||||||||||
9,100 | 0.20%, 07/07/2009 | 9,100 | ||||||||||
23,250 | 0.23%, 07/27/2009 | 23,246 | ||||||||||
55,345 | ||||||||||||
Total commercial paper (cost $1,545,767) | $ | 1,545,767 | ||||||||||
CORPORATE NOTES — 4.2% | ||||||||||||
Finance — 4.2% | ||||||||||||
American Honda Finance Corp. | ||||||||||||
$ | 25,750 | 0.76%, 09/18/2009 (I)(L) | $ | 25,750 | ||||||||
Australia & New Zealand Banking Group Ltd. | ||||||||||||
26,250 | 1.04%, 10/02/2009 (I)(L)(?) | 26,250 | ||||||||||
Bank of Nova Scotia | ||||||||||||
25,250 | 1.42%, 08/10/2009 (I)(L) | 25,250 | ||||||||||
John Deere Capital Corp. | ||||||||||||
22,300 | 0.71%, 09/01/2009 (L) | 22,297 |
The accompanying notes are an integral part of these financial statements.
11
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE NOTES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Royal Bank of Canada | ||||||||||||
$ | 21,250 | 0.74%, 10/15/2009 (I)(L) | $ | 21,250 | ||||||||
Royal Bank of Scotland plc | ||||||||||||
25,750 | 1.03%, 10/09/2009 (I)(L)(BB) | 25,750 | ||||||||||
Wachovia Bank NA | ||||||||||||
34,000 | 1.59%, 08/04/2009 (L)(BB) | 34,000 | ||||||||||
180,547 | ||||||||||||
Total corporate notes (cost $180,547) | $ | 180,547 | ||||||||||
REPURCHASE AGREEMENTS — 2.9% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $107,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $109,237) | ||||||||||||
$ | 107,371 | 0.01% dated 06/30/2009 | $ | 107,371 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $20,153, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $20,501) | ||||||||||||
20,153 | 0.01% dated 06/30/2009 | 20,153 | ||||||||||
Total repurchase agreements (cost $127,524) | $ | 127,524 | ||||||||||
Shares | ||||||||||||
INVESTMENT POOLS AND FUNDS — 5.4% | ||||||||||||
117,418 | JP Morgan U.S. Government Money Market Fund | 117,418 | ||||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
117,624 | Wells Fargo Advantage Government Money Market Fund | 117,624 | ||||||||||
Total time deposits (cost $235,042) | $ | 235,042 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
U.S. GOVERNMENT AGENCIES — 24.4% | ||||||||||||
Federal Home Loan Bank — 7.7% | ||||||||||||
$ | 66,500 | 0.16%, 07/15/2009 — 07/28/2009 (M) | $ | 66,494 | ||||||||
66,500 | 0.18%, 08/21/2009 (M) | 66,481 | ||||||||||
64,500 | 0.20%, 08/14/2009 | 64,485 | ||||||||||
18,500 | 0.21%, 08/07/2009 | 18,496 | ||||||||||
44,600 | 0.22%, 07/10/2009 — 09/04/2009 | 44,590 | ||||||||||
48,200 | 0.28%, 07/22/2009 | 48,192 | ||||||||||
29,250 | 0.34%, 10/21/2009 (M) | 29,220 | ||||||||||
337,958 | ||||||||||||
Federal Home Loan Mortgage Corp. — 8.6% | ||||||||||||
24,250 | 0.14%, 08/12/2009 | 24,246 | ||||||||||
41,000 | 0.20%, 08/17/2009 (M) | 40,989 | ||||||||||
9,600 | 0.20%, 07/28/2009 | 9,599 | ||||||||||
38,750 | 0.21%, 09/14/2009 | 38,734 | ||||||||||
16,250 | 0.22%, 09/28/2009 | 16,241 | ||||||||||
20,000 | 0.24%, 07/06/2009 (M) | 19,999 | ||||||||||
55,750 | 0.26%, 09/21/2009 — 09/23/2009 | 55,718 | ||||||||||
42,250 | 0.27%, 07/29/2009 — 11/02/2009 | 42,223 | ||||||||||
35,000 | 0.28%, 08/24/2009 | 34,985 | ||||||||||
16,500 | 0.34%, 10/26/2009 (M) | 16,482 | ||||||||||
33,250 | 0.34%, 10/13/2009 | 33,217 | ||||||||||
46,500 | 0.35%, 08/03/2009 | 46,485 | ||||||||||
378,918 | ||||||||||||
Federal National Mortgage Association — 8.1% | ||||||||||||
85,250 | 0.17%, 07/21/2009 — 08/24/2009 (M) | 85,235 | ||||||||||
23,250 | 0.19%, 08/26/2009 | 23,243 | ||||||||||
84,250 | 0.22%, 09/02/2009 — 10/07/2009 | 84,210 | ||||||||||
22,500 | 0.23%, 07/06/2009 (M) | 22,499 | ||||||||||
24,147 | 0.25%, 09/30/2009 | 24,131 | ||||||||||
27,500 | 0.26%, 07/01/2009 | 27,500 | ||||||||||
35,500 | 0.33%, 07/27/2009 | 35,492 | ||||||||||
38,750 | 0.34%, 10/21/2009 | 38,712 | ||||||||||
14,500 | 0.36%, 08/31/2009 (M) | 14,491 | ||||||||||
355,513 | ||||||||||||
Total U.S. government agencies (cost $1,072,389) | $ | 1,072,389 | ||||||||||
U.S. TREASURY BILLS — 20.8% | ||||||||||||
$ | 149,000 | 0.14%, 07/23/2009 (M) | $ | 148,988 | ||||||||
100,000 | 0.16%, 08/20/2009 (M) | 99,978 | ||||||||||
100,000 | 0.18%, 09/15/2009 (M) | 99,962 | ||||||||||
120,000 | 0.20%, 08/06/2009 (M) | 119,977 | ||||||||||
137,000 | 0.23%, 12/29/2009 (M) | 136,845 | ||||||||||
145,000 | 0.26%, 10/15/2009 (M) | 144,890 | ||||||||||
167,000 | 0.31%, 07/02/2009 (M) | 166,999 | ||||||||||
917,639 | ||||||||||||
Total U.S. treasury bills (cost $917,639) | $ | 917,639 | ||||||||||
U.S. TREASURY NOTES — 6.0% | ||||||||||||
$ | 108,000 | 3.49%, 08/15/2009 | $ | 108,446 | ||||||||
81,500 | 4.63%, 07/31/2009 | 81,801 | ||||||||||
71,500 | 5.96%, 08/15/2009 | 72,014 | ||||||||||
262,261 | ||||||||||||
Total U.S. treasury notes (cost $262,261) | $ | 262,261 | ||||||||||
CAPITAL SUPPORT AGREEMENT — 0.0% | ||||||||||||
$ | — | Hartford Life, Inc. Capital Support Agreement (BB) | $ | — | ||||||||
Total investments (cost $4,413,169) (C) | $ | 100.2 | % | $ | 4,413,169 | |||||||
Other assets and liabilities | (0.2 | )% | (8,002 | ) | ||||||||
Total net assets | $ | 100.0 | % | $ | 4,405,167 | |||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. The rates presented in this Schedule of Investments are yields, unless otherwise noted. Market value of investments in foreign securities represents 18.1% of total net assets at June 30, 2009. |
(C) | Also represents cost for tax purposes. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $472,155, which represents 10.72% of total net assets. |
The accompanying notes are an integral part of these financial statements.
12
Table of Contents
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(BB) | The Fund has entered into a Capital Support Agreement with Hartford Life, Inc. which provides that Hartford Life, Inc. will contribute capital to the Fund, up to a specified maximum amount, in the event that the Fund realizes a loss on any of these securities and such realized loss causes the Fund’s net asset value as calculated using fair values to drop below $0.9950. These securities are valued at amortized cost, which approximates fair value. See “Money Market HLS Fund Support Agreement” in the Notes to Financial Statements for additional information. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Certificates of Deposit | $ | 72,000 | $ | — | $ | 72,000 | $ | — | ||||||||
Commercial Paper | 1,545,767 | — | 1,545,767 | — | ||||||||||||
Corporate Notes | 180,547 | — | 180,547 | — | ||||||||||||
Investment Pools and Funds | 235,042 | 235,042 | — | — | ||||||||||||
Repurchase Agreements | 127,524 | — | 127,524 | — | ||||||||||||
U.S. Government Agencies | 1,072,389 | — | 1,072,389 | — | ||||||||||||
U.S. Treasury Bills | 917,639 | — | 917,639 | — | ||||||||||||
U.S. Treasury Notes | 262,261 | — | 262,261 | — | ||||||||||||
Total | $ | 4,413,169 | $ | 235,042 | $ | 4,178,127 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
13
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | ||||||||||||
Hartford | Growth | Hartford | ||||||||||
Global Growth | Opportunities | Money Market | ||||||||||
HLS Fund | HLS Fund | HLS Fund | ||||||||||
Assets: | ||||||||||||
Investments in securities, at value; (amortized cost for Money Market) @ | $ | 534,929 | $ | 847,485 | $ | 4,413,169 | ||||||
Unrealized appreciation on forward foreign currency contracts | 22 | — | — | |||||||||
Receivables: | ||||||||||||
Investment securities sold | 12,496 | 47,444 | — | |||||||||
Fund shares sold | 277 | 574 | 3,394 | |||||||||
Dividends and interest | 501 | 528 | 4,975 | |||||||||
Other assets | 2 | 6 | 798 | |||||||||
Total assets | 548,227 | 896,037 | 4,422,336 | |||||||||
Liabilities: | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | 18 | — | — | |||||||||
Bank overdraft — foreign currency | 17 | — | — | |||||||||
Payables: | ||||||||||||
Investment securities purchased | 12,423 | 8,872 | — | |||||||||
Fund shares redeemed | 258 | 733 | 16,823 | |||||||||
Investment management fees | 40 | 74 | 122 | |||||||||
Administrative services fee | 15 | — | 122 | |||||||||
Distribution fees | 4 | 4 | 23 | |||||||||
Accrued expenses | 57 | 66 | 79 | |||||||||
Total liabilities | 12,832 | 9,749 | 17,169 | |||||||||
Net assets | $ | 535,395 | $ | 886,288 | $ | 4,405,167 | ||||||
Summary of Net Assets: | ||||||||||||
Capital stock and paid-in-capital | $ | 808,091 | $ | 1,342,381 | $ | 4,416,241 | ||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 3,116 | 3,698 | 1,955 | |||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (264,789 | ) | (452,166 | ) | (13,029 | ) | ||||||
Unrealized appreciation (depreciation) of investments and the translations of assets and liabilities denominated in foreign currency | (11,023 | ) | (7,625 | ) | — | |||||||
Net assets | $ | 535,395 | $ | 886,288 | $ | 4,405,167 | ||||||
Shares authorized | 3,400,000 | 700,000 | 14,000,000 | |||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||
Class IA: Net asset value per share | $ | 11.12 | $ | 17.74 | $ | 1.00 | ||||||
Shares outstanding | 38,106 | 43,268 | 3,732,314 | |||||||||
Net assets | $ | 423,689 | $ | 767,592 | $ | 3,723,023 | ||||||
Class IB: Net asset value per share | $ | 11.05 | $ | 17.55 | $ | 1.00 | ||||||
Shares outstanding | 10,111 | 6,763 | 683,926 | |||||||||
Net assets | $ | 111,706 | $ | 118,696 | $ | 682,144 | ||||||
@ Cost of securities | $ | 545,978 | $ | 855,109 | $ | 4,413,169 | ||||||
The accompanying notes are an integral part of these financial statements.
14
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | ||||||||||||
Hartford | Growth | Hartford | ||||||||||
Global Growth | Opportunities | Money Market | ||||||||||
HLS Fund | HLS Fund | HLS Fund | ||||||||||
Investment Income: | ||||||||||||
Dividends | $ | 5,513 | $ | 5,946 | $ | — | ||||||
Interest | 22 | 47 | 11,018 | |||||||||
Securities lending | — | 12 | — | |||||||||
Less: Foreign tax withheld | (544 | ) | (152 | ) | — | |||||||
Total investment income, net | 4,991 | 5,853 | 11,018 | |||||||||
Expenses: | ||||||||||||
Investment management fees | 1,380 | 2,516 | 4,935 | |||||||||
Administrative services fees | 504 | — | 4,946 | |||||||||
Distribution fees — Class IB | 132 | 142 | 931 | |||||||||
Custodian fees | 20 | 12 | 3 | |||||||||
Accounting services | 35 | — | 247 | |||||||||
Board of Directors’ fees | 7 | 12 | 73 | |||||||||
Audit fees | 8 | 12 | 62 | |||||||||
Treasury guarantee insurance | — | — | 1,253 | |||||||||
Other expenses | 66 | 106 | 431 | |||||||||
Total expenses (before waivers and fees paid indirectly) | 2,152 | 2,800 | 12,881 | |||||||||
Expense waivers | — | — | (2,722 | ) | ||||||||
Commission recapture | (7 | ) | (57 | ) | — | |||||||
Custodian fee offset | — | — | (1 | ) | ||||||||
Total waivers and fees paid indirectly | (7 | ) | (57 | ) | (2,723 | ) | ||||||
Total expenses, net | 2,145 | 2,743 | 10,158 | |||||||||
Net investment income | 2,846 | 3,110 | 860 | |||||||||
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||
Net realized gain (loss) on investments | (111,687 | ) | (189,595 | ) | 3 | |||||||
Net realized gain on forward foreign currency contracts | 224 | 99 | — | |||||||||
Net realized loss on other foreign currency transactions | (204 | ) | (113 | ) | — | |||||||
Net Realized Loss on Investments, Other Financial Instruments and Foreign Currency Transactions | (111,667 | ) | (189,609 | ) | 3 | |||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||
Net unrealized appreciation of investments | 151,852 | 218,309 | — | |||||||||
Net unrealized appreciation of forward foreign currency contracts | 3 | — | — | |||||||||
Net unrealized appreciation (depreciation) on translation of other assets and liabilities in foreign currencies | 32 | (1 | ) | — | ||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions | 151,887 | 218,308 | — | |||||||||
Net Gain on Investments | 40,220 | 28,699 | 3 | |||||||||
Net Increase in Net Assets Resulting from Operations | $ | 43,066 | $ | 31,809 | $ | 863 | ||||||
The accompanying notes are an integral part of these financial statements.
15
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
Hartford | Hartford | Hartford | ||||||||||||||||||||||
Global Growth | Growth Opportunities | Money Market | ||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | ||||||||||||||||||||||
For the | For the | For the | ||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | ||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 2,846 | $ | 5,780 | $ | 3,110 | $ | 5,544 | $ | 860 | $ | 78,080 | ||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (111,667 | ) | (152,347 | ) | (189,609 | ) | (261,459 | ) | 3 | (13,032 | ) | |||||||||||||
Net unrealized appreciation (depreciation) of investments and foreign currency transactions | 151,887 | (487,908 | ) | 218,308 | (494,265 | ) | — | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 43,066 | (634,475 | ) | 31,809 | (750,180 | ) | 863 | 65,048 | ||||||||||||||||
Distributions to Shareholders: | ||||||||||||||||||||||||
From net investment income | ||||||||||||||||||||||||
Class IA | — | (4,785 | ) | — | (4,411 | ) | (848 | ) | (65,065 | ) | ||||||||||||||
Class IB | — | (775 | ) | — | (203 | ) | (12 | ) | (11,060 | ) | ||||||||||||||
From net realized gain on investments | ||||||||||||||||||||||||
Class IA | — | (29,584 | ) | — | (45,855 | ) | — | — | ||||||||||||||||
Class IB | — | (8,357 | ) | — | (8,404 | ) | — | — | ||||||||||||||||
Total distributions | — | (43,501 | ) | — | (58,873 | ) | (860 | ) | (76,125 | ) | ||||||||||||||
Capital Share Transactions: | ||||||||||||||||||||||||
Class IA | ||||||||||||||||||||||||
Sold | 13,657 | 71,448 | 56,200 | 216,584 | 946,707 | 4,105,607 | ||||||||||||||||||
Issued on reinvestment of distributions | — | 34,369 | — | 50,266 | 795 | 64,851 | ||||||||||||||||||
Redeemed | (43,444 | ) | (184,771 | ) | (69,387 | ) | (243,707 | ) | (1,651,711 | ) | (1,958,058 | ) | ||||||||||||
Total capital share transactions | (29,787 | ) | (78,954 | ) | (13,187 | ) | 23,143 | (704,209 | ) | 2,212,400 | ||||||||||||||
Class IB | ||||||||||||||||||||||||
Sold | 5,401 | 31,692 | 9,466 | 55,321 | 194,413 | 765,243 | ||||||||||||||||||
Issued on reinvestment of distributions | — | 9,132 | — | 8,607 | 9 | 11,013 | ||||||||||||||||||
Redeemed | (14,694 | ) | (81,116 | ) | (18,581 | ) | (94,271 | ) | (286,711 | ) | (453,017 | ) | ||||||||||||
Total capital share transactions | (9,293 | ) | (40,292 | ) | (9,115 | ) | 30,343 | (92,289 | ) | 323,239 | ||||||||||||||
Net increase (decrease) from capital share transactions | (39,080 | ) | (119,246 | ) | (22,302 | ) | (7,200 | ) | (796,498 | ) | 2,535,639 | |||||||||||||
Net increase (decrease) in net assets | 3,986 | (797,222 | ) | 9,507 | (816,253 | ) | (796,495 | ) | 2,524,562 | |||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 531,409 | 1,328,631 | 876,781 | 1,693,034 | 5,201,662 | 2,677,100 | ||||||||||||||||||
End of period | $ | 535,395 | $ | 531,409 | $ | 886,288 | $ | 876,781 | $ | 4,405,167 | $ | 5,201,662 | ||||||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 3,116 | $ | 270 | $ | 3,698 | $ | 588 | $ | 1,955 | $ | 1,955 | ||||||||||||
Shares: | ||||||||||||||||||||||||
Class IA | ||||||||||||||||||||||||
Sold | 1,332 | 4,465 | 3,457 | 8,780 | 946,707 | 4,105,606 | ||||||||||||||||||
Issued on reinvestment of distributions | — | 2,004 | — | 1,860 | 795 | 64,851 | ||||||||||||||||||
Redeemed | (4,428 | ) | (11,158 | ) | (4,337 | ) | (9,712 | ) | (1,651,711 | ) | (1,958,057 | ) | ||||||||||||
Total share activity | (3,096 | ) | (4,689 | ) | (880 | ) | 928 | (704,209 | ) | 2,212,400 | ||||||||||||||
Class IB | ||||||||||||||||||||||||
Sold | 528 | 1,976 | 588 | 2,152 | 194,413 | 765,243 | ||||||||||||||||||
Issued on reinvestment of distributions | — | 513 | — | 309 | 9 | 11,013 | ||||||||||||||||||
Redeemed | (1,504 | ) | (4,866 | ) | (1,159 | ) | (3,689 | ) | (286,711 | ) | (453,017 | ) | ||||||||||||
Total share activity | (976 | ) | (2,377 | ) | (571 | ) | (1,228 | ) | (92,289 | ) | 323,239 | |||||||||||||
The accompanying notes are an integral part of these financial statements.
16
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
The Hartford HLS Funds serve as underlying investment options for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates (“HLIC”) and certain qualified retirement plans. Certain Hartford HLS Funds may also serve as underlying investment options for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a “Company” or together the “Companies”) are open-end management investment companies comprised of forty-one portfolios. Three portfolios are included in these financial statements. They are Hartford Global Growth HLS Fund, Hartford Growth Opportunities HLS Fund and Hartford Money Market HLS Fund (each a “Fund” or together the “Funds”).
The Companies are organized under the laws of the State of Maryland and are registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as diversified open-end management investment companies, except for , which are non-diversified.
Each Fund is divided into Class IA and Class IB shares. Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except that the Class IB shares are subject to distribution fees charged pursuant to Distribution and Service Plans. These Distribution and Service Plans have been adopted in accordance with Rule 12b-1 of the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. |
Trade date for senior floating rate interests purchased in the primary market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary market is the date on which the transaction is entered into.
Dividend income is accrued as of the ex-dividend date, except that certain dividends for foreign securities where the ex-dividend date may have passed are recorded as soon as the Fund is informed of the dividend in the exercise of reasonable diligence. Interest income, including amortization of premium and accretion of discounts, is accrued on a daily basis.
b) | Security Valuation — Except for Hartford Money Market HLS Fund, the Funds generally use market prices in valuing portfolio securities. If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security as determined in good faith under policies and procedures established by and under the supervision of that Fund’s Board of Directors. Market prices may be deemed unreliable, for example, if a security is thinly traded or if an event has occurred after the close of the security’s primary markets, but before the close of the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time, referred to as the “Valuation Time”) that is expected to affect the value of the portfolio security. The circumstances in which a Fund may use fair value pricing include, among others: (i) the occurrence of events that are significant to a particular issuer, such as mergers, restructuring or defaults; (ii) the occurrence of events that are significant to an entire market, such as natural disasters in a particular region or governmental actions; (iii) trading restrictions on securities; (iv) thinly traded securities and (v) market events such as trading halts and early market closings. In addition, with respect to the valuation of stocks primarily traded on foreign markets, each Fund uses a fair value pricing service approved by that Fund’s Board of Directors, which employs quantitative models that evaluate changes in the value of foreign market proxies (e.g., futures contracts, ADR’s, exchange traded funds (ETF’s)) after the close of the foreign markets but before the close of the Exchange. Securities 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 in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Funds may cause the NAV of their respective shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio security is primarily traded but before the close of the Exchange. There can be no assurance that any Fund could obtain the fair value assigned to a security if the Fund were to sell the security at approximately the time at which that Fund determines its NAV. |
Debt securities (other than short-term obligations and senior floating rate interests) held by the Funds are valued on the basis of valuations furnished by an independent pricing service which determines valuations for normal institutional size trading units of debt securities. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. Securities for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in the securities in accordance with procedures established by that Fund’s Board of Directors. Generally, each Fund may use fair valuation in regard to debt securities when a Fund holds defaulted or distressed securities or securities in a company in which a reorganization is pending. Short-term investments with a maturity of more than 60 days when purchased are valued based on market quotations until the remaining days to maturity become less than 61 days. The Hartford Money Market HLS Fund’s investments and investments of other Funds that mature in 60 days or less are valued at amortized cost, which approximates fair value.
Exchange traded equity securities shall be valued at the last reported sale price on the exchange or market on which the security is primarily traded (the “Primary Market”) at the Valuation Time. If the security did not trade on the Primary Market, it may be valued at the Valuation Time at the last reported sale price on another exchange where it trades. The value of an equity security not traded on any exchange but traded on the Nasdaq Stock Market, Inc. (“Nasdaq”) or another OTC market shall be valued at the last reported sale price or official closing price on the exchange or market on which the security is traded as of the Valuation Time. If it is not possible to determine the last reported sale price or official closing price on the relevant exchange
17
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
or market at the Valuation Time, the value of the security shall be taken to be the most recent mean between bid and asked prices on such exchange or market at the Valuation Time.
Securities of foreign issuers and non-dollar securities are translated from the local currency into U.S. dollars using prevailing exchange rates.
Options contracts on securities, currencies, indexes, futures contracts, commodities and other instruments shall be valued at their most recent sales price at the Valuation Time on the Primary Market on which the instrument is traded. If the instrument did not trade on the Primary Market, it may be valued at the most recent sales price at the Valuation Time on another exchange or market where it did trade.
Futures contracts are valued at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively. If a settlement price is not available, futures contracts will be valued at the most recent trade price as of the Valuation Time. If there were no trades, the contract shall be valued at the mean of the closing bid/ask prices as of the Valuation Time.
Financial instruments for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in securities in accordance with procedures established by the Funds’ Board of Directors.
A forward currency contract shall be valued based on the price of the underlying currency at the prevailing interpolated exchange rate, which is a combination of the spot currency rate and the forward currency rate. Spot currency rates and forward currency rates are obtained from an independent pricing service on a daily basis not more than one hour before the Valuation Time.
Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Funds’ Board of Directors.
Other derivative or contractual type instruments shall be valued using market prices if such instruments trade on an exchange or market. If such instruments do not trade on an exchange or market, such instruments shall be valued at a price at which the counterparty to such contract would repurchase the instrument. In the event that the counterparty cannot provide a price, such valuation may be determined in accordance with procedures established by the Funds’ Board of Directors.
Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the valuation date.
c) | Foreign Currency Transactions — The accounting records of the Funds are maintained in U.S. dollars. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at the prevailing exchange rates. Purchases and sales of investment securities, dividend and interest income and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. |
The Funds do not isolate that portion of portfolio security valuation resulting from fluctuations in the foreign currency exchange rates on portfolio securities from the fluctuations arising from changes in the market prices of securities held. Such 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.
d) | Securities Lending — The Funds, except for the Hartford Money Market HLS Fund, may lend their securities to certain qualified brokers who pay these Funds negotiated lender fees. The loans are fully collateralized at all times with cash and/or U.S. Government Securities and/or repurchase agreements. The cash collateral is then invested in short-term money market instruments. The repurchase agreements are fully collateralized by U.S. Government Securities. The adequacy of the collateral for securities on loan is monitored on a daily basis. For instances where the market value of collateral falls below the market value of the securities out on loan, such collateral is supplemented on the following business day. |
While securities are on loan, each Fund is subject to the following risks: 1) that the borrower may default on the loan and that the collateral could be inadequate in the event the borrower defaults, 2) that the earnings on the collateral invested may not be sufficient to pay fees incurred in connection with the loan, 3) that the principal value of the collateral invested may decline and may not be sufficient to pay back the borrower for the amount of the collateral posted, 4) that the borrower may use the loaned securities to cover a short sale which may place downward pressure on the market prices of the loaned securities, 5) that return of loaned securities could be delayed and could interfere with portfolio management decisions and 6) that any efforts to recall the securities for purposes of voting a proxy may not be effective. No Funds had securities on loan as of June 30, 2009.
e) | Joint Trading Account — Pursuant to an exemptive order issued by the SEC, the Funds may transfer uninvested cash balances into a joint trading account managed by Hartford Investment Management Company (“Hartford Investment Management”), a wholly-owned indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”) or Wellington Management Company LLP (“Wellington”). These balances may be invested in one or more repurchase agreements and/or short-term money market instruments. | |
f) | Repurchase Agreements — A repurchase agreement is an agreement by which the seller of a security agrees to repurchase the security sold at a mutually agreed upon time and price. At the time the Funds enter into a repurchase agreement, the value of the underlying collateral security(ies), including accrued interest, will be equal to or exceed the value of the repurchase agreement. Securities that serve to collateralize the repurchase agreement are held by each Fund’s custodian in book entry or physical form in the custodial account of the Funds or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest. Certain Funds, as shown on the Schedule of Investments, had outstanding repurchase agreements as of June 30, 2009. | |
g) | Forward Foreign Currency Contracts — At June 30, 2009, certain Funds, as shown in the Schedule of Investments, entered into forward foreign currency contracts that obligate the Funds to repurchase/replace or sell currencies at specified future dates. The Funds enter into forward foreign currency contracts to hedge against adverse fluctuations in exchange rates between currencies. |
18
Table of Contents
Forward foreign currency contracts involve elements of market risk in excess of the amount 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.
h) | Indexed Securities — The Funds may invest in indexed securities whose values are linked to changes in interest rates, indices, or other underlying instruments. The Funds use these securities to increase or decrease their exposure to different underlying instruments and to gain exposure to markets that might be difficult to invest in using conventional securities. Indexed securities may be more volatile than their underlying instruments, but any loss is limited to the amount of the original investment and there may be a limit to the potential appreciation of the investment. Certain Funds, as shown in the Schedule of Investments under Exchange Traded Funds, had investments in indexed securities, as of June 30, 2009. | |
i) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Funds’ shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of each Fund’s shares is determined as of the close of each business day of the Exchange. The NAV is determined separately for each class of each Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of a Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
Dividends are declared pursuant to a policy adopted by the Funds’ Board of Directors based upon the investment performance of the Funds. The policy of all Funds, except Hartford Money Market HLS Fund, is to pay dividends from net investment income and distribute realized capital gains, if any, at least once a year.
Hartford Money Market HLS Fund seeks to maintain a stable NAV of $1.00 by declaring a daily dividend from net investment income, including net short-term capital gains and losses, and by valuing its investments using the amortized cost method, which approximates fair value. Dividends are declared daily and distributed monthly.
Distributions from net investment income, realized capital gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing. These differences include foreign currency gains and losses, losses deferred due to wash sales adjustments, related to Passive Foreign Investment Companies and certain derivatives, and excise tax regulations. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Funds’ capital accounts (see Reclassification of Capital Accounts within the Federal Income Tax section of the Notes to Financial Statements).
j) | Illiquid and Restricted Securities — Each Fund is permitted to invest up to 15% of its net assets in illiquid securities, except for Hartford Money Market HLS Fund which may invest up to 10% in such securities. “Illiquid Securities” are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine a Fund’s NAV. A Fund may not be able to sell illiquid securities or other investments when its sub-adviser considers it desirable to do so or may have to sell such securities or investments at a price that is lower than the price that could be obtained if the securities or investments were more liquid. A sale of illiquid securities or other investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid securities and investments also may be more difficult to value, due to the unavailability of reliable market quotations for such securities or investments, and investment in them may have an adverse impact on NAV. Each Fund may also purchase certain restricted securities, commonly known as Rule 144A securities, that can be resold to institutions and which may be determined to be liquid pursuant to policies and guidelines established by the Funds’ Board of Directors. Certain Funds, as shown in the Schedule of Investments, had illiquid or restricted securities as of June 30, 2009. | |
k) | Credit Risk — 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 which holds securities with higher credit risk may fluctuate more than with less aggressive bond funds. | |
l) | Senior Floating Rate Interests — Certain Funds, as shown in the Schedule of Investments, may invest in senior floating rate interests. Senior floating rate interests 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 debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. 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 the 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. | |
m) | Prepayment Risks — Most senior floating rate interests and certain debt securities allow for prepayment of principal without penalty. Senior floating rate interests and securities subject to prepayment risk generally offer less potential for gains when interest rates decline, and may offer a greater potential for loss when interest rates rise. In addition, with respect to securities, 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 risk is a major risk of mortgage-backed securities and certain asset-backed securities. Accordingly, the potential for the value of a senior floating rate interest or debt security to increase in response to interest rate declines is limited. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity. |
Senior floating rate interests or debt securities purchased to replace a prepaid loan or a debt security may have lower yields than the yield on the prepaid loan or debt security. Senior floating rate interests generally are subject to mandatory and/or optional prepayment. Because of these mandatory
19
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
prepayment conditions and because there may be significant economic incentives for the Borrower to repay, prepayments of senior floating rate interests may occur. As a result, the actual remaining maturity of senior floating rate interests held may be substantially less than the stated maturities shown in the Schedule of Investments.
n) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
o) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”) clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Funds’ investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, ETF’s, and rights and warrants. | |
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. | |
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and requires significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than that presented above, as individual circumstances dictate. FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value.
Refer to the valuation hierarchy levels summary and the Level 3 roll forward reconciliation found following the Schedules of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the valuation of the Funds’ investments. The additional disclosures required of this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
p) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. Implementation of this standard did not impact valuation. |
Fair Value of Derivative Instruments as of June 30, 2009:
Hartford Global Growth HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 22 | Unrealized depreciation on forward foreign currency contracts | $ | 18 |
Hartford Money Market HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Other contracts | Investment in securities, at value (Capital Support Agreement), Market Value | $ | — |
20
Table of Contents
The volume of the derivatives that are presented above in Derivative Instruments tables is consistent with derivative activity during the six-month period ended June 30, 2009.
Realized Gain/Loss and Change in Unrealized Appreciation (Depreciation) on Derivative Instruments for the six-month period ended June 30, 2009:
Hartford Global Growth HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 224 | $ | — | $ | 224 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 224 | $ | — | $ | 224 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | 3 | ||||||||||||
Hartford Growth Opportunities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | 99 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | 99 | ||||||||||||
q) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. |
r) | Indemnifications — Under the Companies’ organizational documents, each Company shall indemnify its officers and directors to the full extent required or permitted under Maryland Corporate Law and the federal securities law. In addition, the Companies, on behalf of the Funds, may enter into contracts that contain a variety of indemnifications. The Companies’ maximum exposure under these arrangements is unknown. However, the Companies have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. |
3. | Futures and Options: |
Futures and Options Transactions — The Funds are subject to equity price risk, interest rate risk and foreign currency exchange risk in the normal course of pursuing their investment objectives. The Funds may invest in futures and options contracts in order to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. A futures contract is an agreement between two parties to buy and sell an asset at a set price on a future date. When the Funds enter into such futures contracts, they are required to deposit with a futures commission merchant an amount of “initial margin” of cash, commercial paper or U.S. Treasury Bills. Subsequent payments, called variation margin, to and from the broker, are made on a daily basis as the price of the underlying asset fluctuates, making the long and short positions in the futures contract more or less valuable (i.e., mark-to-market), which results in an unrealized gain or loss to the Funds.
At any time prior to the expiration of the futures contract, a Fund may close the position by taking an opposite position, which would effectively terminate the position in the futures contract. A final determination of variation margin is then made, additional cash is required to be paid by or released to the Fund and the Fund realizes a gain or loss.
The use of futures contracts involves elements of market risk, which may exceed the amounts recognized in the Statements of Assets and Liabilities. Changes in the value of the futures contracts may decrease the effectiveness of the Funds’ strategies and potentially result in loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded, through a clearing house. The clearing house requires sufficient collateral to cover margins. As of June 30, 2009, there were no outstanding futures 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) a security or other financial asset at an agreed-upon price during a specific period of time or on a specific date. The premium paid by a Fund for the purchase of a call or put option is included in the Fund’s Statement of Assets and Liabilities as an investment and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options to reflect the current market value of the option as of the end of the reporting period.
The Funds may write covered options. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying securities or currency or an option to purchase or sell the same underlying securities or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid securities having a value equal to or greater
21
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
than the fluctuating market value of the option securities or currencies. A Fund receives a premium for writing a call or put option, which is recorded on the Fund’s Statement of Assets and Liabilities and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options. There is a risk of loss from a change in the value of such options, which may exceed the related premiums received. As of June 30, 2009, there were no outstanding written options contracts. The Funds had no transactions involving written options contracts during the six-month period ended June 30, 2009.
4. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Funds intend to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of their taxable net investment income and net realized capital gains to their shareholders and otherwise complying with the requirements of regulated investment companies. The Funds have distributed substantially all of their income and capital gains in prior years and each Fund intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions, amortization adjustments, and differing tax treatment for investments in PFICs, derivatives, REITs, RICs, and partnerships. The character of distributions made during the year from net investment income or 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 in come or realized gains (losses) were recorded by the Funds. | |
c) | The tax character of distributions paid for the periods indicated is as follows (as adjusted for dividends payable): |
For the Year Ended | For the Year Ended | |||||||||||||||||||||||
December 31, 2008 | December 31, 2007 | |||||||||||||||||||||||
Long-Term | Long-Term | |||||||||||||||||||||||
Ordinary | Capital | Tax return | Ordinary | Capital | Tax return | |||||||||||||||||||
Income | Gains (a) | of capital | Income | Gains (a) | of capital | |||||||||||||||||||
Hartford Global Growth HLS Fund | $ | 9,441 | $ | 34,060 | $ | — | $ | 32,462 | $ | 107,761 | $ | — | ||||||||||||
Hartford Growth Opportunities HLS Fund | 24,880 | 33,993 | — | 163,824 | 102,292 | — | ||||||||||||||||||
Hartford Money Market HLS Fund | 76,078 | — | — | 108,593 | — | — |
(a) | The Funds designate these distributions as long-term gain capital dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2008, the components of distributable earnings (deficit) on tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses* | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford Global Growth HLS Fund | $ | 273 | $ | — | $ | (146,614 | ) | $ | (169,421 | ) | $ | (315,762 | ) | |||||||
Hartford Growth Opportunities HLS Fund | 588 | — | (243,551 | ) | (244,939 | ) | (487,902 | ) | ||||||||||||
Hartford Money Market HLS Fund | 2,002 | — | (13,032 | ) | — | (11,030 | ) |
* | Certain Funds had capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows. |
@ | The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sales losses, the mark-to-market adjustment for certain derivatives in accordance with IRC Sec. 1256, mark to market for Passive Foreign Investment Companies and basis differences in real estate investment trusts. |
d) | Reclassification of Capital Accounts — In accordance with American Institute of Certified Public Accountants (AICPA) Statement of Position 93-2, Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies, the Funds have recorded reclassifications in their capital accounts. These reclassifications had no impact on the NAV of the Funds. The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses that reduce distribution requirements. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of a Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from net investment income, from net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2008, the Funds recorded the following reclassifications to increase (decrease) the accounts listed below. |
Undistributed | Accumulated | |||||||||||
Net Investment | Net Realized | Paid-in- | ||||||||||
Income | Gain (Loss) | Capital | ||||||||||
Hartford Global Growth HLS Fund | $ | 38 | $ | (38 | ) | $ | — | |||||
Hartford Growth Opportunities HLS Fund | (436 | ) | 436 | — |
22
Table of Contents
e) | Capital Loss Carryforward: |
At December 31, 2008 (tax-year-end), the following Funds had capital loss carryforwards for U.S. federal income tax purposes of approximately:
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total | ||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 92,362 | $ | 92,362 | ||||||||||||||||||
Hartford Growth Opportunities HLS Fund | — | — | — | — | — | — | — | 153,498 | 153,498 | |||||||||||||||||||||||||||
Hartford Money Market HLS Fund | — | — | — | — | — | — | — | 13,032 | 13,032 |
As of December 31, 2008, the following Funds elected to defer the following post October losses.
Long-Term | ||||||||
Fund | Ordinary Income | Capital Gain | ||||||
Hartford Global Growth HLS Fund | $ | — | $ | 54,252 | ||||
Hartford Growth Opportunities HLS Fund | — | 90,053 |
Based on certain provisions in the IRC, various limitations regarding the future utilization of Hartford Global Growth HLS Fund carryforwards may apply.
f) | Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Funds’ financial statements related to uncertain tax positions. |
5. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors) an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Funds pursuant to an Investment Management Agreement for the Hartford Series Fund, Inc. and the Hartford HLS Series Fund II, Inc. As investment manager, HL Advisors has overall investment supervisory responsibility for each Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Funds. |
HL Advisors has contracted with Wellington for the provision of day-to-day investment management services to Hartford Global Growth HLS Fund and Hartford Growth Opportunities HLS Fund in accordance with each Fund’s investment objective and policies.
In addition, HL Advisors has contracted with Hartford Investment Management for the provision of day-to-day investment management services for Hartford Money Market HLS Fund in accordance with the Fund’s investment objectives and policies.
Each Fund pays a fee to HL Advisors, a portion of which is used to compensate Hartford Investment Management and Wellington, as applicable.
b) | Administrative Services Agreement — Under the Administrative Services Agreement between HLIC and the Funds, HLIC provides administrative services to the Funds and receives monthly compensation at the annual rate of 0.20% of each Fund’s average daily net assets. The Funds assume and pay certain other expenses (including, but not limited to, accounting, custodian, state taxes and directors’ fees). |
The schedules below reflect the rates of compensation paid to HL Advisors for investment management services and to HLIC for administrative services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly.
Hartford Global Growth HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.7750% | |||
On next $250 million | 0.7250% | |||
On next $500 million | 0.6750% | |||
On next $4 billion | 0.6250% | |||
On next $5 billion | 0.6225% | |||
Over $10 billion | 0.6200% |
Hartford Growth Opportunities HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $100 million | 0.7000% | |||
On next $4.9 billion | 0.6000% | |||
On next $5 billion | 0.5975% | |||
Over $10 billion | 0.5950% |
Hartford Money Market HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $5 billion | 0.4000% | |||
On next $5 billion | 0.3800% | |||
Over $10 billion | 0.3700% |
23
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
c) | Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Hartford Global Growth HLS Fund and Hartford Money Market HLS Fund, HLIC provides accounting services to the Funds and receives monthly compensation on each Fund’s average daily net assets. The Fund’s accounting services fees are accrued daily and paid monthly. The rates of compensation paid to HLIC are as follows: |
Hartford Global Growth HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.014% | |||
On next $5 billion | 0.012% | |||
Over $10 billion | 0.010% |
Hartford Money Market HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
All assets | 0.010% |
d) | Other Related Party Transactions — Certain officers of the Funds are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Funds’ Chief Compliance Officer’s salary was paid by the Funds in the amount of $15. Hartford Investment Services Company LLC (“HISC”), a wholly owned subsidiary of The Hartford, provides transfer agent services to the Funds. HISC was compensated $5 for providing such services. The fees are accrued daily and paid monthly. | |
e) | Operating Expenses — Allocable expenses incurred by the Funds are allocated to each Fund and allocated to classes within a Fund in proportion to the average daily net assets of each Fund and class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. | |
f) | Fees Paid Indirectly — The Funds have entered into agreements with State Street Global Advisers, LLC and Russell Implementation Securities, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Funds’ expenses. In addition, the Funds’ custodian bank has also agreed to reduce its fees when the Funds maintain cash on deposit in the non-interest-bearing custody account. For the six-month period ended June 30, 2009, these amounts 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. Had the fees paid indirectly been included, the annualized expense ratio for the periods listed below would have been as follows:
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | December 31, 2008 | December 31, 2007 | December 31, 2006 | December 31, 2005 | December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | 0.80 | % | 1.05 | % | 0.74 | % | 0.99 | % | 0.73 | % | 0.98 | % | 0.74 | % | 0.99 | % | 0.68 | % | 0.93 | % | 0.68 | % | 0.93 | % | ||||||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | 0.64 | 0.89 | 0.63 | 0.88 | 0.63 | 0.88 | 0.63 | 0.88 | 0.58 | 0.84 | 0.57 | 0.82 | ||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | 0.41 | 0.44 | 0.42 | 0.67 | 0.42 | 0.67 | 0.48 | 0.73 | 0.49 | 0.74 | 0.48 | 0.73 |
g) | Distribution Plan for Class IB shares — The Funds have adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, each Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to the Fund Board’s review and approval. |
The Distribution Plan provides that each Fund may pay annually up to 0.25% of the average daily net assets of a Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in time. Under the terms of the Distribution Plan and the principal underwriting agreement, each Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
At a meeting held on August 5, 2009, the Board of Directors approved the continued temporary reduction of payment of distribution and service fees under the Hartford Money Market HLS Fund’s 12b-1 Plan of Distribution to zero for Class IB through February 28, 2010. This will result in a corresponding temporary reduction of 12b-1 payments of amounts paid to financial intermediaries by Hartford Money Market HLS Fund’s distributor to zero for Class IB during this time period. The Board’s action can be changed at any time.
The Hartford may be required to pay, out of its own resources, the equivalent of the 12b-1 fees to financial intermediaries notwithstanding the reduction of 12b-1 fees. Since January 2009, the Fund’s distributor has made payments out of its own resources to financial intermediaries equal to the amount of Hartford Money Market HLS Fund’s 12b-1 fees that would have been paid, notwithstanding waivers of 12b-1 fees.
For the six-month period ended June 30, 2009, HL Advisers has reimbursed expenses or waived fees for Hartford Money Market HLS Fund to the extent necessary to prevent the Fund’s earnings from falling below the level of its expenses.
h) | Payment from Affiliate — The Funds are available for purchase by the separate accounts of different variable universal life policies, variable annuity products, and funding agreements and they are offered directly to certain qualified retirement plans (collectively “Products”). Although existing Products contain transfer restrictions, some Products, particularly older variable annuity products, do not contain restrictions on the frequency of transfers. In addition, as the result of the settlement of litigation against Hartford Life, Inc. (“Hartford Life”) (the issuer of such variable annuity products), the Funds’ ability to restrict transfers by certain owners of older variable annuity products was limited. During 2006, these annuity owners |
24
Table of Contents
surrendered the older variable annuity contracts that were the subject of prior litigation. In February 2005, Hartford Life agreed with the Board of Directors of the Funds to indemnify the Funds for any material harm caused to the Funds from frequent trading by these contract owners. |
On November 8, 2006, the SEC issued an order setting forth the terms of a settlement reached with three subsidiaries of The Hartford that resolves the SEC’s Division of Enforcement’s investigation of aspects of the Hartford ’s variable annuity and mutual fund operations related to directed brokerage and revenue sharing. Under the terms of the settlement, The Hartford paid a total of $39.6 million to the Funds. These amounts were recorded on November 8, 2006 and paid on November 22, 2006. The Hartford settled this matter without admitting or denying the findings of the SEC.
The total return in the financial highlights includes the impact of the payment from affiliates. The tables below show the impact of each of the payments from affiliates and what the total return for the years ended December 31, 2006 and 2005, would have been as follows:
Total Return | ||||||||||||||||||||||||
Impact from Payment | Impact from Payment | Excluding | ||||||||||||||||||||||
from Affiliate for | from Affiliate for | Payments from | ||||||||||||||||||||||
SEC Settlement | Unrestricted Transfers | Affiliate | ||||||||||||||||||||||
for the Year Ended | for the Year Ended | for the Year Ended | ||||||||||||||||||||||
December 31, 2006 | December 31, 2006 | December 31, 2006 | ||||||||||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | ||||||||||||||||||
Hartford Global Growth HLS Fund | 0.31 | % | 0.32 | % | — | % | — | % | 13.83 | % | 13.54 | % | ||||||||||||
Hartford Growth Opportunities HLS Fund | 0.07 | 0.07 | 0.02 | 0.02 | 11.96 | 11.70 |
Impact from Payment | Total Return | |||||||||||||||
from Affiliate for | Excluding | |||||||||||||||
Unrestricted Transfers | Payments from Affiliate | |||||||||||||||
for the Year Ended | for the Year Ended | |||||||||||||||
December 31, 2005 | December 31, 2005 | |||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | ||||||||||||
Hartford Growth Opportunities HLS Fund | 0.11 | % | 0.11 | % | 16.20 | % | 15.91 | % |
6. | Investment Transactions: |
For the six-month period ended June 30, 2009, the costs of purchases and sales of securities for Hartford Money Market Fund were $21,762,699 and $22,556,945, respectively. For the six-month period ended June 30, 2009, aggregate purchases and sales of investment securities (excluding short-term investments) were as follows:
Cost of Purchases | Sales Proceeds | |||||||
Hartford Global Growth HLS Fund | $ | 205,572 | $ | 236,211 | ||||
Hartford Growth Opportunities HLS Fund | 629,992 | 684,058 |
7. | Line of Credit: |
The Funds, except for Hartford Money Market HLS Fund, participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the Funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. During the six-month period ended June 30, 2009, the Funds did not have any borrowings under this facility.
8. | Participation in the U.S. Department of Treasury Guarantee Program for Money Market Funds: |
The Board of Directors (“Board”) of Hartford Series Fund, Inc. has approved the participation of Hartford Money Market HLS Fund in the U.S. Treasury Department’s Temporary Guarantee Program (the “Program”) for money market funds.
Subject to certain conditions and limitations, the Program provides that investors in the Fund will receive $1.00 for each Fund share held as of the close of business on September 19, 2008 in the event that the Fund closes at a NAV below $1.00 per share (a “guarantee event”). The Program only covers the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. Participation in the Program is expected to provide direct benefits to current shareholders that were shareholders as of September 19, 2008 and indirect benefits to all current shareholders by supporting the stability of the Fund’s asset level.
Accordingly, any purchase of shares of the Fund for a new account after the close of business on September 19, 2008 and any increase in the number of shares of the Fund held in an account after the close of business on September 19, 2008 will not be covered by the Program. In the event that shares held as of the close of business on September 19, 2008 are sold prior to the date of the guarantee event, the shares covered by the guarantee will be the lesser of (i) the amounts held in the Fund as of the close of business on September 19, 2008 or (ii) the amounts held in the Fund on the date of a guarantee event.
The cost to participate in the Program will be borne by the Fund without regard to any fee waiver and/or any expense limitation or reimbursement currently in effect for the Fund and is, therefore, borne by all shareholders of the Fund whether or not their shares are covered by the Program. Currently, assets available to the Program to support all participating money market funds do not exceed $50 billion and the Secretary of the Treasury may extend the Program up through the close of business on September 18, 2009.
25
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
On November 24, 2008, the U.S. Treasury Department extended the Program until April 30, 2009 and again on March 31, 2009 extended the Program until September 19, 2009. The Program still continues to cover only the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. The Board has approved the continued participation of the Fund in the Program. The cost to participate in the program will continue to be borne by the Fund.
9. | Money Market HLS Fund Support Agreement: |
The Money Market HLS Fund (the “Fund”) has entered into a Capital Support Agreement, dated September 26, 2008, and amended October 8, 2008 (the “CSA”) with HL Advisors and its affiliate Hartford Life, Inc. (“Hartford Life”). Under the terms of the CSA, Hartford Life has agreed to provide support of up to a maximum aggregate amount of $33.6 million for the Fund’s holdings of certain securities specified in the CSA (the “Notes”). The Notes held in the Fund as of June 30, 2009 are identified in the Schedule of Investments.
The CSA provides that Hartford Life will pay a capital contribution to the Fund if a “Contribution Event” occurs prior to an event terminating the CSA. The contribution amount would be the lesser of: (1) the amount sufficient for the Fund to maintain its market-based calculation of NAV at $0.9950 (which rounds to an NAV of $1.00), after giving effect to the contribution and payments received by the Fund in respect of the Notes; (2) the amount of the loss on the Notes, which is the excess of the amortized cost of the Notes, less deduction of any commissions or similar transaction cost, and any amount received by the Fund in connection with the Contribution Event; and (3) the maximum contribution amount under the CSA, which is $33.6 million for any and all contributions under the CSA.
The CSA defines a “Contribution Event” as any of the following occurrences: (1) any sale of the Note for cash in an amount, after deduction of any commissions or similar transaction costs, less than the amortized cost value of the Note sold as of the date of the settlement; (2) the receipt of final payment on the Note in an amount less than the amortized cost value of the Note as of the date such payment is received; (3) the issuance of orders by a court having jurisdiction over the matter discharging the issuer from liability for the Note and providing for payments on that Note in an amount less than the amortized cost value of the Note as of the date such payment is received; or (4) the receipt of any security or other instruments in exchange for, or as replacement of, the Note as a result of an exchange offer, debt restructuring, reorganization or similar transaction pursuant to which the Note is exchanged for, or replaced with, new securities of the issuer or third party and such new securities are or become “Eligible Securities,” as defined under Rule 2a-7 under the 1940 Act, and have a value that is less than the amortized cost of the Note on the date that the Fund receives such new securities.
On February 24, 2009, after the receipt of verbal “no-action” assurance provided by the staff of the SEC, the parties to the CSA entered into an amendment that permitted the CSA to continue despite the fact that Hartford Life’s obligations, effective February 9, 2009, no longer qualified as “First Tier” securities, as defined under Rule 2a-7 under the 1940 Act. The amendment required that Hartford Life establish an escrow account to support its potential future obligations under the CSA. The minimum balance of the escrow account is $725 (which was set equal to the aggregate unrealized loss on the Notes as of February 23, 2009), and the balance may periodically be adjusted based on the fair value of the Notes and the NAV of the Fund. As of June 30, 2009, the actual escrow balance is $1,585.
The CSA will terminate (unless the parties agree to an extension) on the earliest of the following dates: (1) September 26, 2009; (2) if and when all of the Notes are repaid in full; and (3) if and when Hartford Life has made capital contributions, in the aggregate, equal to the maximum aggregate amount of $33.6 million. Any extension would require approval of the SEC staff. In light of the terms of the CSA, the current and historical market value of the Notes and the net asset value of the Fund, it is possible that no capital contribution would be required even if the Fund were to realize a loss with respect to the Notes. The CSA applies only with respect to the Notes and does not guarantee that the Fund will maintain a stable NAV under all conditions. Apart from the CSA, Hartford Life has not undertaken nor is it obligated to provide support with respect to the Fund’s NAV.
During the six-month period ended June 30, 2009, the Fund did not receive a capital contribution under the terms of the CSA.
The fair value of the CSA may increase or decrease as a result of changes in the fair value of the Notes and other factors. As of June 30, 2009, the fair value of the CSA was zero, as noted in the Schedule of Investments.
10. | Industry Classifications: |
Other than the industry classifications “Other Investment Pools and Funds” and “Exchange Traded Funds”, 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.
26
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Financial Highlights
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 10.17 | $ | 0.06 | $ | — | $ | 0.89 | $ | 0.95 | $ | — | $ | — | $ | — | $ | — | $ | 0.95 | $ | 11.12 | 9.29 | %(f) | $ | 423,689 | 0.80 | %(f) | 0.80 | %(f) | 1.18 | %(f) | 41 | % | ||||||||||||||||||||||||||||||||||
Class IB | 10.12 | 0.05 | — | 0.88 | 0.93 | — | — | — | — | 0.93 | 11.05 | 9.15 | (f) | 111,706 | 1.05 | (f) | 1.05 | (f) | 0.93 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.42 | 0.12 | — | (11.56 | ) | (11.44 | ) | (0.12 | ) | (0.69 | ) | — | (0.81 | ) | (12.25 | ) | 10.17 | (52.46 | ) | 419,183 | 0.75 | 0.75 | 0.67 | 76 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.27 | 0.08 | — | (11.47 | ) | (11.39 | ) | (0.07 | ) | (0.69 | ) | — | (0.76 | ) | (12.15 | ) | 10.12 | (52.58 | ) | 112,226 | 1.00 | 1.00 | 0.42 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.09 | 0.03 | — | 4.84 | 4.87 | (0.01 | ) | (2.53 | ) | — | (2.54 | ) | 2.33 | 22.42 | 25.05 | 1,028,843 | 0.73 | 0.73 | 0.13 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.02 | (0.02 | ) | — | 4.81 | 4.79 | (0.01 | ) | (2.53 | ) | — | (2.54 | ) | 2.25 | 22.27 | 24.74 | 299,788 | 0.98 | 0.98 | (0.11 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.74 | 0.10 | 0.05 | 2.48 | 2.63 | (0.16 | ) | (1.12 | ) | — | (1.28 | ) | 1.35 | 20.09 | 14.14 | (g) | 942,258 | 0.76 | 0.76 | 0.48 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.66 | 0.05 | 0.05 | 2.47 | 2.57 | (0.09 | ) | (1.12 | ) | — | (1.21 | ) | 1.36 | 20.02 | 13.86 | (g) | 280,283 | 1.01 | 1.01 | 0.23 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.41 | 0.14 | — | 0.33 | 0.47 | (0.14 | ) | — | — | (0.14 | ) | 0.33 | 18.74 | 2.59 | 935,539 | 0.77 | 0.77 | 0.74 | 262 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.32 | 0.07 | — | 0.35 | 0.42 | (0.08 | ) | — | — | (0.08 | ) | 0.34 | 18.66 | 2.33 | 280,050 | 1.02 | 1.02 | 0.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.53 | 0.12 | — | 2.85 | 2.97 | (0.09 | ) | — | — | (0.09 | ) | 2.88 | 18.41 | 19.19 | 1,004,850 | 0.78 | 0.78 | 0.83 | 255 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.47 | 0.10 | — | 2.82 | 2.92 | (0.07 | ) | — | — | (0.07 | ) | 2.85 | 18.32 | 18.89 | 273,202 | 1.03 | 1.03 | 0.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 17.05 | 0.06 | — | 0.63 | 0.69 | — | — | — | — | 0.69 | 17.74 | 4.02 | (e) | 767,592 | 0.65 | (f) | 0.65 | (f) | 0.79 | (f) | 80 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.89 | 0.05 | — | 0.61 | 0.66 | — | — | — | — | 0.66 | 17.55 | 3.90 | (e) | 118,696 | 0.90 | (f) | 0.90 | (f) | 0.54 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.75 | 0.12 | — | (14.65 | ) | (14.53 | ) | (0.10 | ) | (1.07 | ) | — | (1.17 | ) | (15.70 | ) | 17.05 | (45.66 | ) | 752,898 | 0.64 | 0.64 | 0.45 | 154 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.40 | 0.06 | — | (14.47 | ) | (14.41 | ) | (0.03 | ) | (1.07 | ) | — | (1.10 | ) | (15.51 | ) | 16.89 | (45.80 | ) | 123,883 | 0.89 | 0.89 | 0.20 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 30.13 | 0.05 | — | 8.62 | 8.67 | (0.05 | ) | (6.00 | ) | — | (6.05 | ) | 2.62 | 32.75 | 29.65 | 1,415,613 | 0.64 | 0.64 | 0.16 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.90 | (0.02 | ) | — | 8.53 | 8.51 | (0.01 | ) | (6.00 | ) | — | (6.01 | ) | 2.50 | 32.40 | 29.33 | 277,421 | 0.89 | 0.89 | (0.09 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 30.07 | 0.22 | 0.03 | 3.27 | 3.52 | (0.24 | ) | (3.22 | ) | — | (3.46 | ) | 0.06 | 30.13 | 12.05 | (g) | 1,103,590 | 0.65 | 0.65 | 0.71 | 139 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.85 | 0.14 | 0.03 | 3.25 | 3.42 | (0.15 | ) | (3.22 | ) | — | (3.37 | ) | 0.05 | 29.90 | 11.79 | (g) | 197,797 | 0.90 | 0.90 | 0.46 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 27.63 | 0.09 | 0.03 | 4.36 | 4.48 | (0.06 | ) | (1.98 | ) | — | (2.04 | ) | 2.44 | 30.07 | 16.31 | (g) | 1,012,774 | 0.64 | 0.64 | 0.33 | 140 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 27.44 | 0.01 | 0.03 | 4.35 | 4.39 | — | (1.98 | ) | — | (1.98 | ) | 2.41 | 29.85 | 16.02 | (g) | 179,308 | 0.89 | 0.89 | 0.06 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 23.57 | 0.05 | — | 4.01 | 4.06 | — | — | — | — | 4.06 | 27.63 | 17.18 | 848,674 | 0.63 | 0.63 | 0.23 | 137 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 23.48 | 0.03 | — | 3.93 | 3.96 | — | — | — | — | 3.96 | 27.44 | 16.89 | 112,896 | 0.88 | 0.88 | (0.03 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.02 | (e) | 3,723,023 | 0.48 | (f) | 0.41 | (f) | 0.04 | (f) | N/A | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | — | (e) | 682,144 | 0.56 | (f) | 0.44 | (f) | 0.00 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 2.15 | 4,427,230 | 0.47 | 0.42 | 2.01 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 1.89 | 774,432 | 0.72 | 0.67 | 1.80 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.95 | 2,224,124 | 0.47 | 0.42 | 4.83 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 452,976 | 0.72 | 0.67 | 4.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 1,558,433 | 0.48 | 0.48 | 4.63 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.04 | — | — | 0.04 | (0.04 | ) | — | — | (0.04 | ) | — | 1.00 | 4.43 | 319,926 | 0.73 | 0.73 | 4.38 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.84 | 1,353,836 | 0.49 | 0.49 | 2.79 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.58 | 264,040 | 0.75 | 0.75 | 2.54 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.94 | 1,294,525 | 0.48 | 0.48 | 0.93 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.69 | 252,808 | 0.73 | 0.73 | 0.68 | — |
(a) | Information presented relates to a share outstanding throughout the indicated period. | |
(b) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(c) | Ratios do not reflect reductions for fees paid indirectly. Please see Fees Paid Indirectly in the Notes to Financial Statements. | |
(d) | Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between the classes of shares issued. | |
(e) | Not annualized. | |
(f) | Annualized. | |
(g) | Total return without the inclusion of the Payment from Affiliate, as noted on the Statement of Operations, can be found in Expenses in the accompanying Notes to Financial Statements. |
27
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Fund can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
28
Table of Contents
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007-2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005-2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001-2007.
29
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
30
Table of Contents
Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs(in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Hartford Global Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,092.86 | $ | 4.15 | $ | 1,000.00 | $ | 1020.82 | $ | 4.00 | 0.80 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,091.50 | $ | 5.44 | $ | 1,000.00 | $ | 1019.58 | $ | 5.25 | 1.05 | % | 181 | 365 | |||||||||||||||||||||
Hartford Growth Opportunities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,040.24 | $ | 3.28 | $ | 1,000.00 | $ | 1021.57 | $ | 3.25 | 0.65 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,038.96 | $ | 4.55 | $ | 1,000.00 | $ | 1020.33 | $ | 4.50 | 0.90 | % | 181 | 365 | |||||||||||||||||||||
Hartford Money Market HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,000.20 | $ | 2.03 | $ | 1,000.00 | $ | 1022.76 | $ | 2.05 | 0.41 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,000.00 | $ | 2.18 | $ | 1,000.00 | $ | 1022.61 | $ | 2.20 | 0.44 | % | 181 | 365 | |||||||||||||||||||||
31
Table of Contents
Hartford Series Fund, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CERTIFICATES OF DEPOSIT — 1.6% | ||||||||||||
Finance — 1.6% | ||||||||||||
BNP Paribas | ||||||||||||
$ | 27,000 | 0.26%, 08/18/2009 | $ | 27,000 | ||||||||
BNP Paribas Finance | ||||||||||||
21,500 | 0.71%, 07/13/2009 | 21,500 | ||||||||||
Royal Bank of Canada NY | ||||||||||||
9,000 | 0.27%, 08/26/2009 | 9,000 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
14,500 | 0.22%, 07/15/2009 | 14,500 | ||||||||||
72,000 | ||||||||||||
Total certificates of deposit (cost $72,000) | $ | 72,000 | ||||||||||
COMMERCIAL PAPER — 34.9% | ||||||||||||
Basic Materials — 1.1% | ||||||||||||
Praxair, Inc. | ||||||||||||
$ | 33,400 | 0.20%, 07/29/2009 — 07/30/2009 | $ | 33,395 | ||||||||
16,500 | 0.35%, 07/16/2009 | 16,497 | ||||||||||
49,892 | ||||||||||||
Consumer Staples — 4.5% | ||||||||||||
Coca Cola Co. | ||||||||||||
28,000 | 0.20%, 07/29/2009 — 08/19/2009 | 27,995 | ||||||||||
10,750 | 0.22%, 08/21/2009 | 10,746 | ||||||||||
28,000 | 0.50%, 10/05/2009 | 27,963 | ||||||||||
Colgate-Palmolive Co. | ||||||||||||
20,750 | 0.18%, 07/10/2009 | 20,749 | ||||||||||
21,000 | 0.20%, 07/02/2009 | 21,000 | ||||||||||
Proctor & Gamble | ||||||||||||
32,750 | 0.18%, 07/08/2009 (I) | 32,749 | ||||||||||
41,000 | 0.20%, 07/30/2009 — 08/10/2009 (I) | 40,993 | ||||||||||
15,250 | 0.25%, 09/14/2009 (I) | 15,242 | ||||||||||
197,437 | ||||||||||||
Energy — 1.0% | ||||||||||||
ConocoPhillips | ||||||||||||
45,500 | 0.22%, 07/09/2009 (I) | 45,498 | ||||||||||
Finance — 13.4% | ||||||||||||
Citigroup Funding, Inc. | ||||||||||||
47,500 | 0.20%, 09/10/2009 | 47,481 | ||||||||||
42,000 | 0.25%, 08/10/2009 | 41,989 | ||||||||||
European Investment Bank | ||||||||||||
23,500 | 0.21%, 08/17/2009 | 23,494 | ||||||||||
General Electric Capital Corp. | ||||||||||||
74,000 | 0.23%, 07/30/2009 — 09/02/2009 | 73,977 | ||||||||||
JP Morgan Chase Funding, Inc. | ||||||||||||
32,000 | 0.25%, 07/08/2009 — 08/31/2009 | 31,995 | ||||||||||
23,500 | 0.30%, 07/14/2009 | 23,497 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||
25,250 | 0.17%, 08/04/2009 (I) | 25,246 | ||||||||||
43,000 | 0.20%, 07/24/2009 (I) | 42,995 | ||||||||||
20,500 | 0.31%, 09/24/2009 (I) | 20,486 | ||||||||||
25,000 | 0.32%, 10/08/2009 (I) | 24,978 | ||||||||||
19,500 | 0.33%, 08/12/2009 (I) | 19,493 | ||||||||||
Queensland Treasury Corp. | ||||||||||||
15,000 | 0.42%, 08/31/2009 | 14,989 | ||||||||||
20,750 | 0.50%, 10/06/2009 | 20,722 | ||||||||||
32,750 | 0.62%, 07/20/2009 | 32,739 | ||||||||||
Rabobank USA | ||||||||||||
9,750 | 0.19%, 07/16/2009 | 9,749 | ||||||||||
24,500 | 0.25%, 09/03/2009 | 24,489 | ||||||||||
8,500 | 0.30%, 08/21/2009 | 8,497 | ||||||||||
13,250 | 0.64%, 07/06/2009 | 13,249 | ||||||||||
Royal Bank of Scotland plc | ||||||||||||
26,000 | 0.19%, 08/27/2009 | 25,992 | ||||||||||
State Street Corp. | ||||||||||||
33,000 | 0.22%, 08/14/2009 | 32,991 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
19,250 | 0.35%, 10/21/2009 (I) | 19,229 | ||||||||||
Wells Fargo | ||||||||||||
19,500 | 0.05%, 07/01/2009 | 19,500 | ||||||||||
597,777 | ||||||||||||
Foreign Governments — 10.5% | ||||||||||||
British Columbia (Province of) | ||||||||||||
20,500 | 0.18%, 08/26/2009 | 20,494 | ||||||||||
42,250 | 0.23%, 09/01/2009 — 09/08/2009 | 42,233 | ||||||||||
19,000 | 0.28%, 10/06/2009 | 18,986 | ||||||||||
7,000 | 0.29%, 08/20/2009 | 6,997 | ||||||||||
23,250 | 0.42%, 07/14/2009 | 23,246 | ||||||||||
Canada (Government of) | ||||||||||||
35,250 | 0.23%, 10/06/2009 | 35,228 | ||||||||||
44,750 | 0.25%, 09/11/2009 | 44,728 | ||||||||||
31,250 | 0.58%, 08/07/2009 | 31,231 | ||||||||||
Ontario (Province of) | ||||||||||||
11,300 | 0.20%, 07/08/2009 | 11,300 | ||||||||||
41,500 | 0.22%, 08/04/2009 | 41,491 | ||||||||||
25,250 | 0.23%, 08/13/2009 | 25,243 | ||||||||||
26,750 | 0.24%, 09/09/2009 | 26,737 | ||||||||||
Quebec (Province of) | ||||||||||||
26,250 | 0.20%, 07/09/2009 (M) | 26,249 | ||||||||||
29,000 | 0.23%, 08/24/2009 | 28,990 | ||||||||||
8,000 | 0.27%, 07/21/2009 | 7,999 | ||||||||||
43,250 | 0.28%, 08/04/2009 | 43,239 | ||||||||||
26,750 | 0.45%, 07/20/2009 | 26,744 | ||||||||||
461,135 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Abbott Laboratories | ||||||||||||
19,850 | 0.20%, 07/28/2009 | 19,847 | ||||||||||
11,500 | 0.21%, 08/31/2009 (I) | 11,496 | ||||||||||
31,343 | ||||||||||||
Technology — 1.3% | ||||||||||||
Microsoft Corp. | ||||||||||||
34,250 | 0.20%, 08/21/2009 | 34,241 | ||||||||||
23,600 | 0.23%, 07/07/2009 | 23,599 | ||||||||||
57,840 | ||||||||||||
Transportation — 1.1% | ||||||||||||
General Dynamics Corp. | ||||||||||||
49,500 | 0.21%, 07/01/2009 (I) | 49,500 | ||||||||||
Utilities — 1.3% | ||||||||||||
Florida Power And Light Co. | ||||||||||||
23,000 | 0.17%, 07/06/2009 | 22,999 | ||||||||||
9,100 | 0.20%, 07/07/2009 | 9,100 | ||||||||||
23,250 | 0.23%, 07/27/2009 | 23,246 | ||||||||||
55,345 | ||||||||||||
Total commercial paper (cost $1,545,767) | $ | 1,545,767 | ||||||||||
CORPORATE NOTES — 4.2% | ||||||||||||
Finance — 4.2% | ||||||||||||
American Honda Finance Corp. | ||||||||||||
$ | 25,750 | 0.76%, 09/18/2009 (I)(L) | $ | 25,750 | ||||||||
Australia & New Zealand Banking Group Ltd. | ||||||||||||
26,250 | 1.04%, 10/02/2009 (I)(L)(?) | 26,250 | ||||||||||
Bank of Nova Scotia | ||||||||||||
25,250 | 1.42%, 08/10/2009 (I)(L) | 25,250 | ||||||||||
John Deere Capital Corp. | ||||||||||||
22,300 | 0.71%, 09/01/2009 (L) | 22,297 |
The accompanying notes are an integral part of these financial statements.
1
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE NOTES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Royal Bank of Canada | ||||||||||||
$ | 21,250 | 0.74%, 10/15/2009 (I)(L) | $ | 21,250 | ||||||||
Royal Bank of Scotland plc | ||||||||||||
25,750 | 1.03%, 10/09/2009 (I)(L)(BB) | 25,750 | ||||||||||
Wachovia Bank NA | ||||||||||||
34,000 | 1.59%, 08/04/2009 (L)(BB) | 34,000 | ||||||||||
180,547 | ||||||||||||
Total corporate notes (cost $180,547) | $ | 180,547 | ||||||||||
REPURCHASE AGREEMENTS — 2.9% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $107,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $109,237) | ||||||||||||
$ | 107,371 | 0.01% dated 06/30/2009 | $ | 107,371 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $20,153, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $20,501) | ||||||||||||
20,153 | 0.01% dated 06/30/2009 | 20,153 | ||||||||||
Total repurchase agreements (cost $127,524) | $ | 127,524 | ||||||||||
Shares | ||||||||||||
INVESTMENT POOLS AND FUNDS — 5.4% | ||||||||||||
117,418 | JP Morgan U.S. Government Money Market Fund | 117,418 | ||||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
117,624 | Wells Fargo Advantage Government Money Market Fund | 117,624 | ||||||||||
Total time deposits (cost $235,042) | $ | 235,042 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
U.S. GOVERNMENT AGENCIES — 24.4% | ||||||||||||
Federal Home Loan Bank — 7.7% | ||||||||||||
$ | 66,500 | 0.16%, 07/15/2009 — 07/28/2009 (M) | $ | 66,494 | ||||||||
66,500 | 0.18%, 08/21/2009 (M) | 66,481 | ||||||||||
64,500 | 0.20%, 08/14/2009 | 64,485 | ||||||||||
18,500 | 0.21%, 08/07/2009 | 18,496 | ||||||||||
44,600 | 0.22%, 07/10/2009 — 09/04/2009 | 44,590 | ||||||||||
48,200 | 0.28%, 07/22/2009 | 48,192 | ||||||||||
29,250 | 0.34%, 10/21/2009 (M) | 29,220 | ||||||||||
337,958 | ||||||||||||
Federal Home Loan Mortgage Corp. — 8.6% | ||||||||||||
24,250 | 0.14%, 08/12/2009 | 24,246 | ||||||||||
41,000 | 0.20%, 08/17/2009 (M) | 40,989 | ||||||||||
9,600 | 0.20%, 07/28/2009 | 9,599 | ||||||||||
38,750 | 0.21%, 09/14/2009 | 38,734 | ||||||||||
16,250 | 0.22%, 09/28/2009 | 16,241 | ||||||||||
20,000 | 0.24%, 07/06/2009 (M) | 19,999 | ||||||||||
55,750 | 0.26%, 09/21/2009 — 09/23/2009 | 55,718 | ||||||||||
42,250 | 0.27%, 07/29/2009 — 11/02/2009 | 42,223 | ||||||||||
35,000 | 0.28%, 08/24/2009 | 34,985 | ||||||||||
16,500 | 0.34%, 10/26/2009 (M) | 16,482 | ||||||||||
33,250 | 0.34%, 10/13/2009 | 33,217 | ||||||||||
46,500 | 0.35%, 08/03/2009 | 46,485 | ||||||||||
378,918 | ||||||||||||
Federal National Mortgage Association — 8.1% | ||||||||||||
85,250 | 0.17%, 07/21/2009 — 08/24/2009 (M) | 85,235 | ||||||||||
23,250 | 0.19%, 08/26/2009 | 23,243 | ||||||||||
84,250 | 0.22%, 09/02/2009 — 10/07/2009 | 84,210 | ||||||||||
22,500 | 0.23%, 07/06/2009 (M) | 22,499 | ||||||||||
24,147 | 0.25%, 09/30/2009 | 24,131 | ||||||||||
27,500 | 0.26%, 07/01/2009 | 27,500 | ||||||||||
35,500 | 0.33%, 07/27/2009 | 35,492 | ||||||||||
38,750 | 0.34%, 10/21/2009 | 38,712 | ||||||||||
14,500 | 0.36%, 08/31/2009 (M) | 14,491 | ||||||||||
355,513 | ||||||||||||
Total U.S. government agencies (cost $1,072,389) | $ | 1,072,389 | ||||||||||
U.S. TREASURY BILLS — 20.8% | ||||||||||||
$ | 149,000 | 0.14%, 07/23/2009 (M) | $ | 148,988 | ||||||||
100,000 | 0.16%, 08/20/2009 (M) | 99,978 | ||||||||||
100,000 | 0.18%, 09/15/2009 (M) | 99,962 | ||||||||||
120,000 | 0.20%, 08/06/2009 (M) | 119,977 | ||||||||||
137,000 | 0.23%, 12/29/2009 (M) | 136,845 | ||||||||||
145,000 | 0.26%, 10/15/2009 (M) | 144,890 | ||||||||||
167,000 | 0.31%, 07/02/2009 (M) | 166,999 | ||||||||||
917,639 | ||||||||||||
Total U.S. treasury bills (cost $917,639) | $ | 917,639 | ||||||||||
U.S. TREASURY NOTES — 6.0% | ||||||||||||
$ | 108,000 | 3.49%, 08/15/2009 | $ | 108,446 | ||||||||
81,500 | 4.63%, 07/31/2009 | 81,801 | ||||||||||
71,500 | 5.96%, 08/15/2009 | 72,014 | ||||||||||
262,261 | ||||||||||||
Total U.S. treasury notes (cost $262,261) | $ | 262,261 | ||||||||||
CAPITAL SUPPORT AGREEMENT — 0.0% | ||||||||||||
$ | — | Hartford Life, Inc. Capital Support Agreement (BB) | $ | — | ||||||||
Total investments (cost $4,413,169) (C) | $ | 100.2 | % | $ | 4,413,169 | |||||||
Other assets and liabilities | (0.2 | )% | (8,002 | ) | ||||||||
Total net assets | $ | 100.0 | % | $ | 4,405,167 | |||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. The rates presented in this Schedule of Investments are yields, unless otherwise noted. Market value of investments in foreign securities represents 18.1% of total net assets at June 30, 2009. |
(C) | Also represents cost for tax purposes. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $472,155, which represents 10.72% of total net assets. |
The accompanying notes are an integral part of these financial statements.
2
Table of Contents
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(BB) | The Fund has entered into a Capital Support Agreement with Hartford Life, Inc. which provides that Hartford Life, Inc. will contribute capital to the Fund, up to a specified maximum amount, in the event that the Fund realizes a loss on any of these securities and such realized loss causes the Fund’s net asset value as calculated using fair values to drop below $0.9950. These securities are valued at amortized cost, which approximates fair value. See “Money Market HLS Fund Support Agreement” in the Notes to Financial Statements for additional information. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Certificates of Deposit | $ | 72,000 | $ | — | $ | 72,000 | $ | — | ||||||||
Commercial Paper | 1,545,767 | — | 1,545,767 | — | ||||||||||||
Corporate Notes | 180,547 | — | 180,547 | — | ||||||||||||
Investment Pools and Funds | 235,042 | 235,042 | — | — | ||||||||||||
Repurchase Agreements | 127,524 | — | 127,524 | — | ||||||||||||
U.S. Government Agencies | 1,072,389 | — | 1,072,389 | — | ||||||||||||
U.S. Treasury Bills | 917,639 | — | 917,639 | — | ||||||||||||
U.S. Treasury Notes | 262,261 | — | 262,261 | — | ||||||||||||
Total | $ | 4,413,169 | $ | 235,042 | $ | 4,178,127 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
3
Table of Contents
Hartford Money Market HLS Fund
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Assets: | ||||
Investments in securities, at value; (amortized cost for Money Market) @ | $ | 4,413,169 | ||
Receivables: | ||||
Fund shares sold | 3,394 | |||
Dividends and interest | 4,975 | |||
Other assets | 798 | |||
Total assets | 4,422,336 | |||
Liabilities: | ||||
Payables: | ||||
Fund shares redeemed | 16,823 | |||
Investment management fees | 122 | |||
Administrative services fee | 122 | |||
Distribution fees | 23 | |||
Accrued expenses | 79 | |||
Total liabilities | 17,169 | |||
Net assets | $ | 4,405,167 | ||
Summary of Net Assets: | ||||
Capital stock and paid-in-capital | $ | 4,416,241 | ||
Accumulated undistributed net investment income | 1,955 | |||
Accumulated net realized loss on investments | (13,029 | ) | ||
Net assets | $ | 4,405,167 | ||
Shares authorized | 14,000,000 | |||
Par value | $ | 0.001 | ||
Class IA: Net asset value per share | $ | 1.00 | ||
Shares outstanding | 3,732,314 | |||
Net assets | $ | 3,723,023 | ||
Class IB: Net asset value per share | $ | 1.00 | ||
Shares outstanding | 683,926 | |||
Net assets | $ | 682,144 | ||
@ Cost of securities | $ | 4,413,169 | ||
The accompanying notes are an integral part of these financial statements.
4
Table of Contents
Hartford Money Market HLS Fund
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Investment Income: | ||||
Interest | $ | 11,018 | ||
Total investment income, net | 11,018 | |||
Expenses: | ||||
Investment management fees | 4,935 | |||
Administrative services fees | 4,946 | |||
Distribution fees — Class IB | 931 | |||
Custodian fees | 3 | |||
Accounting services | 247 | |||
Board of Directors’ fees | 73 | |||
Audit fees | 62 | |||
Treasury guarantee insurance | 1,253 | |||
Other expenses | 431 | |||
Total expenses (before waivers and fees paid indirectly) | 12,881 | |||
Expense waivers | (2,722 | ) | ||
Custodian fee offset | (1 | ) | ||
Total waivers and fees paid indirectly | (2,723 | ) | ||
Total expenses, net | 10,158 | |||
Net investment income | 860 | |||
Net Realized Gain on Investments: | ||||
Net realized gain on investments | 3 | |||
Net Realized Gain on Investments | 3 | |||
Net Increase in Net Assets Resulting from Operations | $ | 863 | ||
The accompanying notes are an integral part of these financial statements.
5
Table of Contents
Hartford Money Market HLS Fund
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
For the | ||||||||
Six-Month | ||||||||
Period Ended | For the | |||||||
June 30, 2009 | Year Ended | |||||||
(Unaudited) | December 31, 2008 | |||||||
Operations: | ||||||||
Net investment income | $ | 860 | $ | 78,080 | ||||
Net realized gain (loss) on investments | 3 | (13,032 | ) | |||||
Net increase in net assets resulting from operations | 863 | 65,048 | ||||||
Distributions to Shareholders: | ||||||||
From net investment income | ||||||||
Class IA | (848 | ) | (65,065 | ) | ||||
Class IB | (12 | ) | (11,060 | ) | ||||
Total distributions | (860 | ) | (76,125 | ) | ||||
Capital Share Transactions: | ||||||||
Class IA | ||||||||
Sold | 946,707 | 4,105,607 | ||||||
Issued on reinvestment of distributions | 795 | 64,851 | ||||||
Redeemed | (1,651,711 | ) | (1,958,058 | ) | ||||
Total capital share transactions | (704,209 | ) | 2,212,400 | |||||
Class IB | ||||||||
Sold | 194,413 | 765,243 | ||||||
Issued on reinvestment of distributions | 9 | 11,013 | ||||||
Redeemed | (286,711 | ) | (453,017 | ) | ||||
Total capital share transactions | (92,289 | ) | 323,239 | |||||
Net increase (decrease) from capital share transactions | (796,498 | ) | 2,535,639 | |||||
Net increase (decrease) in net assets | (796,495 | ) | 2,524,562 | |||||
Net Assets: | ||||||||
Beginning of period | 5,201,662 | 2,677,100 | ||||||
End of period | $ | 4,405,167 | $ | 5,201,662 | ||||
Accumulated undistributed net investment income | $ | 1,955 | $ | 1,955 | ||||
Shares: | ||||||||
Class IA | ||||||||
Sold | 946,707 | 4,105,606 | ||||||
Issued on reinvestment of distributions | 795 | 64,851 | ||||||
Redeemed | (1,651,711 | ) | (1,958,057 | ) | ||||
Total share activity | (704,209 | ) | 2,212,400 | |||||
Class IB | ||||||||
Sold | 194,413 | 765,243 | ||||||
Issued on reinvestment of distributions | 9 | 11,013 | ||||||
Redeemed | (286,711 | ) | (453,017 | ) | ||||
Total share activity | (92,289 | ) | 323,239 | |||||
The accompanying notes are an integral part of these financial statements.
6
Table of Contents
Hartford Money Market HLS Fund
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
Hartford Money Market HLS Fund (the “Fund”) serves as an underlying investment option for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company (“HLIC”) and its affiliates and certain qualified retirement plans. The Fund may also serve as an underlying investment option for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. (the “Company”) is an open-end management investment company comprised of thirty-four portfolios, one portfolio of which is included in these financial statements (each a “Fund” or together the “Funds”).
The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as a diversified open-end management investment company.
The Fund is divided into Class IA and Class IB shares. Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except that the Class IB shares are subject to distribution fees charged pursuant to Distribution and Service Plans. These Distribution and Service Plans have been adopted in accordance with Rule 12b-1 of the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. | |
Dividend income is accrued as of the ex-dividend date, except that certain dividends for foreign securities where the ex-dividend date may have passed are recorded as soon as the Fund is informed of the dividend in the exercise of reasonable diligence. Interest income, including amortization of premium and accretion of discounts, is accrued on a daily basis. | ||
b) | Security Valuation — The Hartford Money Market HLS Fund’s assets are valued at amortized cost, which approximates market value. Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the valuation date. | |
c) | Joint Trading Account — Pursuant to an exemptive order issued by the SEC, the Fund may transfer uninvested cash balances into a joint trading account managed by Hartford Investment Management Company (“Hartford Investment Management”), a wholly-owned indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). These balances may be invested in one or more repurchase agreements and/or short-term money market instruments. | |
d) | Repurchase Agreements — A repurchase agreement is an agreement by which the seller of a security agrees to repurchase the security sold at a mutually agreed upon time and price. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral security(ies), including accrued interest, will be equal to or exceed the value of the repurchase agreement. Securities that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements as of June 30, 2009. | |
e) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Fund’s shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of the Fund’s shares is determined as of the close of each business day of the New York Stock Exchange (the “Exchange”) (normally 4:00 P.M. Eastern Time). The NAV is determined separately for each class of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of the Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
The Fund seeks to maintain a stable NAV of $1.00 by declaring a daily dividend from net investment income, including net short-term capital gains and losses, and by valuing its investments using the amortized cost method, which approximates fair value. Dividends are declared daily and distributed monthly.
f) | Illiquid and Restricted Securities — The Fund is permitted to invest up to 10% of its net assets in illiquid securities. “Illiquid Securities” are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid securities or other investments when its sub-adviser considers it desirable to do so or may have to sell such securities or investments at a price that is lower than the price that could be obtained if the securities or investments were more liquid. A sale of illiquid securities or other investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid securities and investments also may be more difficult to value, due to the unavailability of reliable market quotations for such securities or investments, and investment in them may have an adverse impact on NAV. The Fund may also purchase certain restricted securities, commonly known as Rule 144A securities, that can be resold to institutions and which may be determined to be liquid pursuant to policies and guidelines established by the Fund’s Board of Directors. The Fund, as shown in the Schedule of Investments, had illiquid or restricted securities as of June 30, 2009. |
7
Table of Contents
Hartford Money Market HLS Fund
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
g) | Credit Risk — 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 which holds securities with higher credit risk may fluctuate more than with less aggressive bond funds. | |
h) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
i) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”) clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Fund’s investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds (ETF’s), and rights and warrants. | |
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and that are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. | |
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and require significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value. During the six-month period ended June 30, 2009, the Fund held no Level 3 securities.
Refer to the valuation hierarchy levels summary found following the Schedule of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the valuation of the Fund’s investments. The additional disclosures required of this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
j) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. Implementation of this standard did not impact valuation. |
Fair Value of Derivative Investments as of June 30, 2009:
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Other contracts | Investment in securities, at value (Capital Support Agreement), Market Value | $ | — |
The volume of the derivative that is presented above in the Derivative Instrument table is consistent with derivative activity during the six-month period ended June 30, 2009.
8
Table of Contents
k) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. | |
l) | Indemnifications: Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland Corporate Law and the federal securities law. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. |
3. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Fund intends to qualify as a regulated investment company 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 and otherwise complying with the requirements of regulated investment companies. The Fund has distributed substantially all of its income and capital gains in prior years and intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions, amortization adjustments, and differing tax treatment for investments in PFICs, derivatives, REITs, RICs, and partnerships. The character of distributions made during the year from net investment income or 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 the Funds. | |
c) | The tax character of distributions paid for the periods indicated is as follows (as adjusted for dividends payable): |
For the Year Ended | For the Year Ended | |||||||||||||||||||||||
December 31, 2008 | December 31, 2007 | |||||||||||||||||||||||
Long-Term | Long-Term | |||||||||||||||||||||||
Ordinary | Capital | Tax return | Ordinary | Capital | Tax return | |||||||||||||||||||
Income | Gains (a) | of capital | Income | Gains (a) | of capital | |||||||||||||||||||
Hartford Money Market HLS Fund | $ | 76,078 | $ | — | $ | — | $ | 108,593 | $ | — | $ | — |
(a) | The Funds designate these distributions as long-term gain capital dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2008, the components of distributable earnings (deficit) on tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses* | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford Money Market HLS Fund | $ | 2,002 | $ | — | $ | (13,032 | ) | $ | — | $ | (11,030 | ) |
* | The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows. | |
@ | The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sales losses, the mark-to-market adjustment for certain derivatives in accordance with IRC Sec. 1256, mark to market for Passive Foreign Investment Companies and basis differences in real estate investment trusts. |
d) | Capital Loss Carryforward: |
At December 31, 2008 (tax-year-end), the Fund had capital loss carryforwards for U.S. federal income tax purposes of approximately:
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total | ||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 13,032 | $ | 13,032 |
f) | Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Fund’s financial statements related to uncertain tax positions. |
4. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors) an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Fund pursuant to an Investment Management Agreement for the Hartford Series Fund, Inc. As investment manager, HL Advisors has overall investment supervisory responsibility for the Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Fund. |
In addition, HL Advisors has contracted with Hartford Investment Management for the provision of day-to-day investment management services for Hartford Money Market HLS Fund in accordance with the Fund’s investment objective and policies.
The Fund pays a fee to HL Advisors, a portion of which is used to compensate Hartford Investment Management.
9
Table of Contents
Hartford Money Market HLS Fund
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
b) | Administrative Services Agreement — Under the Administrative Services Agreement between HLIC and the Fund, HLIC provides administrative services to the Fund and receives monthly compensation at the annual rate of 0.20% of the Fund’s average daily net assets. The Fund assumes and pays certain other expenses (including, but not limited to, accounting, custodian, state taxes and Directors’ fees). |
The schedule below reflects the rates of compensation paid to HL Advisors for investment management services and to HLIC for administrative services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly.
Average Daily Net Assets | Annual Fee | |||
On first $5 billion | 0.4000% | |||
On next $5 billion | 0.3800% | |||
Over $10 billion | 0.3700% |
c) | Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Fund, HLIC provides accounting services to the Fund and receives monthly compensation of 0.010% of the Fund’s average daily net assets. The Fund’s accounting services fees are accrued daily and paid monthly. | |
d) | Other Related Party Transactions — Certain officers of the Fund are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Fund’s Chief Compliance Officer’s salary was paid by the Fund in the amount of $12. Hartford Investment Services Company LLC (“HISC”), a wholly owned subsidiary of The Hartford, provides transfer agent services to the Fund. HISC was compensated $1 for providing such services. The fees are accrued daily and paid monthly. | |
e) | Operating Expenses — Allocable expenses incurred by the Fund are allocated to the Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within the Fund. | |
f) | Fees Paid Indirectly — The Fund’s custodian bank has also agreed to reduce its fees when the Fund maintains cash on deposit in the non-interest-bearing custody account. For the six-month period ended June 30, 2009, these amounts are included in the Statement 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. Had the fees paid indirectly been included, the annualized expense ratio for the periods listed below would have been as follows:
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | December 31, 2008 | December 31, 2007 | December 31, 2006 | December 31, 2005 | December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | 0.41 | % | 0.44 | % | 0.42 | % | 0.67 | % | 0.42 | % | 0.67 | % | 0.48 | % | 0.73 | % | 0.49 | % | 0.74 | % | 0.48 | % | 0.73 | % |
g) | Distribution Plan for Class IB shares — The Fund has adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, the Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to the Fund Board’s review and approval. |
The Distribution Plan provides that the Fund may pay annually up to 0.25% of the average daily net assets of the Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in time. Under the terms of the Distribution Plan and the principal underwriting agreement, the Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
At a meeting held on August 5, 2009, the Board of Directors approved the continued temporary reduction of payment of distribution and service fees under the Hartford Money Market HLS Fund’s 12b-1 Plan of Distribution to zero for Class IB through February 28, 2010. This will result in a corresponding temporary reduction of 12b-1 payments of amounts paid to financial intermediaries by the Hartford Money Market HLS Fund’s distributor to zero for Class IB during this time period. The Board’s action can be changed at any time.
The Hartford may be required to pay, out of its own resources, the equivalent of the 12b-1 fees to financial intermediaries notwithstanding the reduction of 12b-1 fees. Since January 2009, the Fund’s distributor has made payments out of its own resources to financial intermediaries equal to the amount of Hartford Money Market HLS Fund’s 12b-1 fees that would have been paid, notwithstanding waivers of 12b-1 fees.
For the six-month period ended June 30, 2009, HL Advisors has reimbursed expenses or waived fees for Hartford Money Market HLS Fund to the extent necessary to prevent the Fund’s earnings from falling below the level of its expenses.
5. | Investment Transactions: |
For the six-month period ended June 30, 2009, the Fund’s costs of purchases and sales of securities for the Fund were $21,762,699 and $22,556,945, respectively.
10
Table of Contents
6. | Participation in the U.S. Department of Treasury Guarantee Program for Money Market Funds: |
The Board of Directors (“Board”) of Hartford Series Fund, Inc. has approved the participation of Hartford Money Market HLS Fund in the U.S. Treasury Department’s Temporary Guarantee Program (the “Program”) for money market funds.
Subject to certain conditions and limitations, the Program provides that investors in the Fund will receive $1.00 for each Fund share held as of the close of business on September 19, 2008 in the event that the Fund closes at a NAV below $1.00 per share (a “guarantee event”). The Program only covers the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. Participation in the Program is expected to provide direct benefits to current shareholders that were shareholders as of September 19, 2008 and indirect benefits to all current shareholders by supporting the stability of the Fund’s asset level.
Accordingly, any purchase of shares of the Fund for a new account after the close of business on September 19, 2008 and any increase in the number of shares of the Fund held in an account after the close of business on September 19, 2008 will not be covered by the Program. In the event that shares held as of the close of business on September 19, 2008 are sold prior to the date of the guarantee event, the shares covered by the guarantee will be the lesser of (i) the amounts held in the Fund as of the close of business on September 19, 2008 or (ii) the amounts held in the Fund on the date of a guarantee event.
The cost to participate in the Program will be borne by the Fund without regard to any fee waiver and/or any expense limitation or reimbursement currently in effect for the Fund and is, therefore, borne by all shareholders of the Fund whether or not their shares are covered by the Program. Currently, assets available to the Program to support all participating money market funds do not exceed $50 billion and the Secretary of the Treasury may extend the Program up through the close of business on September 18, 2009.
On November 24, 2008, the U.S. Treasury Department extended the Program until April 30, 2009 and again on March 31, 2009 extended the Program until September 19, 2009. The Program still continues to cover only the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. The Board has approved the continued participation of the Fund in the Program. The cost to participate in the program will continue to be borne by the Fund.
7. | Money Market HLS Fund Support Agreement: |
The Money Market HLS Fund (the “Fund”) has entered into a Capital Support Agreement, dated September 26, 2008, and amended October 8, 2008 (the “CSA”) with HL Advisors and its affiliate Hartford Life, Inc. (“Hartford Life”). Under the terms of the CSA, Hartford Life has agreed to provide support of up to a maximum aggregate amount of $33.6 million for the Fund’s holdings of certain securities specified in the CSA (the “Notes”). The Notes held in the Fund as of June 30, 2009 are identified in the Schedule of Investments.
The CSA provides that Hartford Life will pay a capital contribution to the Fund if a “Contribution Event” occurs prior to an event terminating the CSA. The contribution amount would be the lesser of: (1) the amount sufficient for the Fund to maintain its market-based calculation of NAV at $0.9950 (which rounds to an NAV of $1.00), after giving effect to the contribution and payments received by the Fund in respect of the Notes; (2) the amount of the loss on the Notes, which is the excess of the amortized cost of the Notes, less deduction of any commissions or similar transaction cost, and any amount received by the Fund in connection with the Contribution Event; and (3) the maximum contribution amount under the CSA, which is $33.6 million for any and all contributions under the CSA.
The CSA defines a “Contribution Event” as any of the following occurrences: (1) any sale of the Note for cash in an amount, after deduction of any commissions or similar transaction costs, less than the amortized cost value of the Note sold as of the date of the settlement; (2) the receipt of final payment on the Note in an amount less than the amortized cost value of the Note as of the date such payment is received; (3) the issuance of orders by a court having jurisdiction over the matter discharging the issuer from liability for the Note and providing for payments on that Note in an amount less than the amortized cost value of the Note as of the date such payment is received; or (4) the receipt of any security or other instruments in exchange for, or as replacement of, the Note as a result of an exchange offer, debt restructuring, reorganization or similar transaction pursuant to which the Note is exchanged for, or replaced with, new securities of the issuer or third party and such new securities are or become “Eligible Securities,” as defined under Rule 2a-7 under the 1940 Act, and have a value that is less than the amortized cost of the Note on the date that the Fund receives such new securities.
On February 24, 2009, after the receipt of verbal “no-action” assurance provided by the staff of the SEC, the parties to the CSA entered into an amendment that permitted the CSA to continue despite the fact that Hartford Life’s obligations, effective February 9, 2009, no longer qualified as “First Tier” securities, as defined under Rule 2a-7 under the 1940 Act. The amendment required that Hartford Life establish an escrow account to support its potential future obligations under the CSA. The minimum balance of the escrow account is $725 (which was set equal to the aggregate unrealized loss on the Notes as of February 23, 2009), and the balance may periodically be adjusted based on the fair value of the Notes and the NAV of the Fund. As of June 30, 2009, the actual escrow balance is $1,585.
The CSA will terminate (unless the parties agree to an extension) on the earliest of the following dates: (1) September 26, 2009; (2) if and when all of the Notes are repaid in full; and (3) if and when Hartford Life has made capital contributions, in the aggregate, equal to the maximum aggregate amount of $33.6 million. Any extension would require approval of the SEC staff. In light of the terms of the CSA, the current and historical market value of the Notes and the net asset value of the Fund, it is possible that no capital contribution would be required even if the Fund were to realize a loss with respect to the Notes. The CSA applies only with respect to the Notes and does not guarantee that the Fund will maintain a stable NAV under all conditions. Apart from the CSA, Hartford Life has not undertaken nor is it obligated to provide support with respect to the Fund’s NAV.
During the six-month period ended June 30, 2009, the Fund did not receive a capital contribution under the terms of the CSA.
The fair value of the CSA may increase or decrease as a result of changes in the fair value of the Notes and other factors. As of June 30, 2009, the fair value of the CSA was zero, as noted in the Schedule of Investments.
11
Table of Contents
Hartford Money Market HLS Fund
Financial Highlights
�� | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 1.00 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1.00 | 0.02 | %(e) | $ | 3,723,023 | 0.48 | %(f) | 0.41 | %(f) | 0.04 | %(f) | N/A | |||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | — | (e) | 682,144 | 0.56 | (f) | 0.44 | (f) | 0.00 | (f) | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 2.15 | 4,427,230 | 0.47 | 0.42 | 2.01 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 1.89 | 774,432 | 0.72 | 0.67 | 1.80 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.95 | 2,224,124 | 0.47 | 0.42 | 4.83 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 452,976 | 0.72 | 0.67 | 4.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 1,558,433 | 0.48 | 0.48 | 4.63 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.04 | — | — | 0.04 | (0.04 | ) | — | — | (0.04 | ) | — | 1.00 | 4.43 | 319,926 | 0.73 | 0.73 | 4.38 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.84 | 1,353,836 | 0.49 | 0.49 | 2.79 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.58 | 264,040 | 0.75 | 0.75 | 2.54 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.94 | 1,294,525 | 0.48 | 0.48 | 0.93 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.69 | 252,808 | 0.73 | 0.73 | 0.68 | — |
(a) | Information presented relates to a share outstanding throughout the indicated period. | |
(b) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(c) | Ratios do not reflect reductions for fees paid indirectly. Please see Fees Paid Indirectly in the Notes to Financial Statements. | |
(d) | Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between the classes of shares issued. | |
(e) | Not annualized. | |
(f) | Annualized. |
12
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Fund can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
13
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited) — (continued)
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007-2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005-2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001-2007.
14
Table of Contents
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
15
Table of Contents
Hartford Money Market HLS Fund
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs(in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,000.20 | $ | 2.03 | $ | 1,000.00 | $ | 1022.76 | $ | 2.05 | 0.41 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,000.00 | $ | 2.18 | $ | 1,000.00 | $ | 1022.61 | $ | 2.20 | 0.44 | % | 181 | 365 | |||||||||||||||||||||
16
Table of Contents
Hartford Series Fund, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Table of Contents
Hartford Index HLS Fund inception 5/1/1987
(subadvised by Hartford Investment Management Company)
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7696401.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks to provide investment results which approximate the price and yield performance of publicly traded common stocks in the aggregate.
Average Annual Returns(2,3) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Index IA | -26.30 | % | -2.52 | % | -2.58 | % | ||||||
Index IB | -26.50 | % | -2.76 | % | -2.81 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on November 9, 1999. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-l fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. | |
(3) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Deane Gyllenhaal
Vice President
Vice President
How did the Fund perform?
The Class IA shares of the Hartford Index HLS Fund returned 3.09% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16%, and outperforming the Lipper S&P 500 Index VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 3.06%.
Why did the Fund perform this way?
By design, the Fund is managed to mimic the performance of the S&P 500 Index. The performance of the Fund only marginally differed from that of the benchmark for the six-month period. Sources of return variance include trading costs, cash exposure in volatile markets, and the lack of exposure to The Hartford Financial Services Group (HIG) in the portfolio. The Fund did not own shares of HIG which underperformed relative to the index. Because of internal Hartford Investment Management Company (HIMCO) requirements, the Fund does not purchase stock of HIMCO’s parent, HIG. This exposure is reallocated across the Life/Health Insurance and Property/Casualty Insurance and Multi-line Insurance industries.
After a disappointing index return in the first quarter, the markets rallied from early March through the end of the second quarter. Four of the ten sectors in the benchmark had positive returns over this period. The Information Technology sector led the way; it was up 25.1% during the first half of 2009. The Materials sector was up 13.2% followed by Consumer Discretionary which gained 8.5% over the same period. Sectors that detracted from benchmark returns include Industrials which dropped 6.3%, Telecom Services which fell 3.9%, and Financials which slipped by 3.0% for the six month period.
Looking at individual stocks within the benchmark, the following three constituents led the way, pulling the index return into positive territory by the end of the second quarter. XL Capital (Financials) was up the most returning 221.3%. Ford Motors (Consumer Discretionary) had a strong return in April, bringing the return for the first half of the year to 165.1%. Sprint-Nextel (Telecom Services) was up 162.8% rounding out the top three performers as of June 30, 2009. The lowest-performing stock in the benchmark through the end of the second quarter was General Motors (Consumer Discretionary) which was taken over by the United States government in an effort to save the U.S. auto icon. Two other stocks on the
1 |
Table of Contents
negative side were Marshall & Ilsley (Financials), which fell 64.7% and Citigroup (Financials), which dropped 55.6% and was also a recipient of U.S. government aid.
What is the outlook?
The impressive rally that began in March and continued through the second quarter has slowed. While we were impressed by the rally’s magnitude, we were not impressed by the quality of the companies that led this rally, or by the aggregate fundamentals of the market. We believe that there will be a rotation for the second half of the year. Strong fundamentals will matter in driving both market leadership and the overall market.
We are skeptical that the market will advance substantially, absent a concurrent significant improvement in fundamentals and most expectations are that meaningful improvement in fundamentals will not occur until the fourth quarter. The Fund will continue to be fully invested in the S&P 500 Index, with a focus on risk control and efficient trading. Performance of the Fund is expected to be similar to that of the Index.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.5 | % | ||
Banks | 2.8 | |||
Capital Goods | 6.9 | |||
Commercial & Professional Services | 0.7 | |||
Consumer Durables & Apparel | 1.0 | |||
Consumer Services | 1.7 | |||
Diversified Financials | 7.3 | |||
Energy | 12.3 | |||
Food & Staples Retailing | 3.0 | |||
Food, Beverage & Tobacco | 6.0 | |||
Health Care Equipment & Services | 4.1 | |||
Household & Personal Products | 2.8 | |||
Insurance | 2.3 | |||
Materials | 3.2 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.5 | |||
Real Estate | 1.0 | |||
Retailing | 3.2 | |||
Semiconductors & Semiconductor Equipment | 2.5 | |||
Software & Services | 7.0 | |||
Technology Hardware & Equipment | 8.7 | |||
Telecommunication Services | 3.5 | |||
Transportation | 2.0 | |||
Utilities | 4.0 | |||
Short-Term Investments | 1.5 | |||
Other Assets and Liabilities | — | |||
Total | 100.0 | % | ||
2 |
Table of Contents
Hartford Index HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.5% | ||||||||||||
Automobiles & Components — 0.5% | ||||||||||||
330 | Ford Motor Co. (D) | $ | 2,004 | |||||||||
25 | Goodyear Tire & Rubber Co. (D) | 279 | ||||||||||
24 | Harley-Davidson, Inc. | 390 | ||||||||||
61 | Johnson Controls, Inc. | 1,325 | ||||||||||
3,998 | ||||||||||||
Banks — 2.8% | ||||||||||||
66 | BB&T Corp. | 1,458 | ||||||||||
16 | Comerica, Inc. | 328 | ||||||||||
75 | Fifth Third Bankcorp | 535 | ||||||||||
22 | First Horizon National Corp. | 264 | ||||||||||
53 | Hudson City Bancorp, Inc. | 710 | ||||||||||
56 | Huntington Bancshares, Inc. | 233 | ||||||||||
73 | Keycorp | 381 | ||||||||||
8 | M&T Bank Corp. | 426 | ||||||||||
36 | Marshall & Ilsley Corp. | 174 | ||||||||||
36 | People’s United Financial, Inc. | 537 | ||||||||||
47 | PNC Financial Services Group, Inc. | 1,833 | ||||||||||
119 | Regions Financial Corp. | 479 | ||||||||||
48 | SunTrust Banks, Inc. | 785 | ||||||||||
195 | US Bancorp | 3,489 | ||||||||||
478 | Wells Fargo & Co. | 11,591 | ||||||||||
12 | Zion Bancorp | 137 | ||||||||||
23,360 | ||||||||||||
Capital Goods — 6.9% | ||||||||||||
71 | 3M Co. | 4,282 | ||||||||||
75 | Boeing Co. | 3,166 | ||||||||||
62 | Caterpillar, Inc. | 2,038 | ||||||||||
17 | Cooper Industries Ltd. | 531 | ||||||||||
21 | Cummins, Inc. | 727 | ||||||||||
26 | Danaher Corp. | 1,613 | ||||||||||
43 | Deere & Co. | 1,733 | ||||||||||
19 | Dover Corp. | 632 | ||||||||||
17 | Eaton Corp. | 758 | ||||||||||
77 | Emerson Electric Co. | 2,499 | ||||||||||
13 | Fastenal Co. | 441 | ||||||||||
6 | Flowserve Corp. | 398 | ||||||||||
18 | Fluor Corp. | 945 | ||||||||||
40 | General Dynamics Corp. | 2,191 | ||||||||||
1,087 | General Electric Co. | 12,734 | ||||||||||
13 | Goodrich Corp. | 634 | ||||||||||
76 | Honeywell International, Inc. | 2,396 | ||||||||||
39 | Illinois Tool Works, Inc. | 1,473 | ||||||||||
19 | ITT Corp. | 830 | ||||||||||
13 | Jacobs Engineering Group, Inc. (D) | 532 | ||||||||||
12 | L-3 Communications Holdings, Inc. | 831 | ||||||||||
34 | Lockheed Martin Corp. | 2,705 | ||||||||||
13 | Manitowoc Co., Inc. | 70 | ||||||||||
37 | Masco Corp. | 353 | ||||||||||
33 | Northrop Grumman Corp. | 1,514 | ||||||||||
37 | PACCAR, Inc. | 1,211 | ||||||||||
12 | Pall Corp. | 321 | ||||||||||
16 | Parker-Hannifin Corp. | 708 | ||||||||||
14 | Precision Castparts Corp. | 1,050 | ||||||||||
20 | Quanta Services, Inc. (D) | 463 | ||||||||||
40 | Raytheon Co. | 1,795 | ||||||||||
15 | Rockwell Automation, Inc. | 466 | ||||||||||
16 | Rockwell Collins, Inc. | 677 | ||||||||||
28 | Textron, Inc. | 267 | ||||||||||
97 | United Technologies Corp. | 5,020 | ||||||||||
6 | W.W. Grainger, Inc. | 525 | ||||||||||
58,529 | ||||||||||||
Commercial & Professional Services — 0.7% | ||||||||||||
12 | Avery Dennison Corp. | 296 | ||||||||||
13 | Cintas Corp. | 308 | ||||||||||
6 | Dun & Bradstreet Corp. | 447 | ||||||||||
13 | Equifax, Inc. (D) | 338 | ||||||||||
19 | Iron Mountain, Inc. (D) | 532 | ||||||||||
13 | Monster Worldwide, Inc. (D) | 153 | ||||||||||
21 | Pitney Bowes, Inc. | 464 | ||||||||||
21 | R.R. Donnelley & Sons Co. | 245 | ||||||||||
33 | Republic Services, Inc. | 806 | ||||||||||
16 | Robert Half International, Inc. | 371 | ||||||||||
9 | Stericycle, Inc. (D) | 448 | ||||||||||
50 | Waste Management, Inc. | 1,421 | ||||||||||
5,829 | ||||||||||||
Consumer Durables & Apparel — 1.0% | ||||||||||||
6 | Black & Decker Corp. | 177 | ||||||||||
13 | Centex Corp. | 108 | ||||||||||
33 | Coach, Inc. | 875 | ||||||||||
28 | D.R. Horton, Inc. | 265 | ||||||||||
28 | Eastman Kodak Co. | 82 | ||||||||||
15 | Fortune Brands, Inc. | 535 | ||||||||||
7 | Harman International Industries, Inc. | 133 | ||||||||||
13 | Hasbro, Inc. | 309 | ||||||||||
8 | KB Home | 103 | ||||||||||
16 | Leggett & Platt, Inc. | 245 | ||||||||||
15 | Lennar Corp. | 141 | ||||||||||
37 | Mattel, Inc. | 590 | ||||||||||
29 | Newell Rubbermaid, Inc. | 297 | ||||||||||
40 | NIKE, Inc. Class B | 2,061 | ||||||||||
6 | Polo Ralph Lauren Corp. | 311 | ||||||||||
22 | Pulte Homes, Inc. | 195 | ||||||||||
6 | Snap-On, Inc. | 171 | ||||||||||
8 | Stanley Works | 273 | ||||||||||
9 | V.F. Corp. | 501 | ||||||||||
8 | Whirlpool Corp. | 323 | ||||||||||
7,695 | ||||||||||||
Consumer Services — 1.7% | ||||||||||||
11 | Apollo Group, Inc. Class A (D) | 789 | ||||||||||
45 | Carnival Corp. | 1,158 | ||||||||||
14 | Darden Restaurants, Inc. | 462 | ||||||||||
6 | DeVry, Inc. | 315 | ||||||||||
35 | H & R Block, Inc. | 600 | ||||||||||
30 | International Game Technology | 483 | ||||||||||
30 | Marriott International, Inc. Class A | 672 | ||||||||||
113 | McDonald’s Corp. | 6,507 | ||||||||||
76 | Starbucks Corp. (D) | 1,049 | ||||||||||
19 | Starwood Hotels & Resorts | 426 | ||||||||||
18 | Wyndham Worldwide Corp. | 221 | ||||||||||
7 | Wynn Resorts Ltd. (D) | 244 | ||||||||||
47 | Yum! Brands, Inc. | 1,579 | ||||||||||
14,505 | ||||||||||||
Diversified Financials — 7.3% | ||||||||||||
122 | American Express Co. | 2,831 | ||||||||||
26 | Ameriprise Financial, Inc. | 635 | ||||||||||
830 | Bank of America Corp. | 10,954 | ||||||||||
123 | Bank of New York Mellon Corp. | 3,595 | ||||||||||
46 | Capital One Financial Corp. | 1,015 | ||||||||||
96 | Charles Schwab Corp. | 1,690 | ||||||||||
40 | CIT Group, Inc. | 86 | ||||||||||
566 | Citigroup, Inc. | 1,680 | ||||||||||
7 | CME Group, Inc. | 2,107 | ||||||||||
49 | Discover Financial Services, Inc. | 506 | ||||||||||
103 | E*Trade Financial Corp. (D) | 132 |
The accompanying notes are an integral part of these financial statements.
3
Table of Contents
Hartford Index HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Diversified Financials — (continued) | ||||||||||||
9 | Federated Investors, Inc. | $ | 221 | |||||||||
16 | Franklin Resources, Inc. | 1,116 | ||||||||||
52 | Goldman Sachs Group, Inc. | 7,622 | ||||||||||
8 | IntercontinentalExchange, Inc. (D) | 859 | ||||||||||
42 | Invesco Ltd. | 752 | ||||||||||
17 | Janus Capital Group, Inc. | 189 | ||||||||||
400 | JP Morgan Chase & Co. | 13,654 | ||||||||||
15 | Legg Mason, Inc. | 358 | ||||||||||
19 | Leucadia National Corp. | 393 | ||||||||||
20 | Moody’s Corp. | 516 | ||||||||||
139 | Morgan Stanley | 3,954 | ||||||||||
14 | Nasdaq OMX Group, Inc. (D) | 300 | ||||||||||
25 | Northern Trust Corp. | 1,327 | ||||||||||
27 | NYSE Euronext | 727 | ||||||||||
48 | SLM Corp. (D) | 492 | ||||||||||
51 | State Street Corp. | 2,391 | ||||||||||
26 | T. Rowe Price Group, Inc. | 1,093 | ||||||||||
61,195 | ||||||||||||
Energy — 12.3% | ||||||||||||
51 | Anadarko Petroleum Corp. | 2,326 | ||||||||||
34 | Apache Corp. | 2,478 | ||||||||||
32 | Baker Hughes, Inc. | 1,158 | ||||||||||
30 | BJ Services Co. | 408 | ||||||||||
11 | Cabot Oil & Gas Corp. | 325 | ||||||||||
22 | Cameron International Corp. (D) | 629 | ||||||||||
58 | Chesapeake Energy Corp. | 1,148 | ||||||||||
206 | Chevron Corp. | 13,624 | ||||||||||
152 | ConocoPhillips Holding Co. | 6,392 | ||||||||||
19 | Consol Energy, Inc. | 630 | ||||||||||
26 | Denbury Resources, Inc. (D) | 376 | ||||||||||
46 | Devon Energy Corp. | 2,484 | ||||||||||
7 | Diamond Offshore Drilling, Inc. | 590 | ||||||||||
72 | El Paso Corp. | 664 | ||||||||||
15 | ENSCO International, Inc. | 508 | ||||||||||
26 | EOG Resources, Inc. | 1,746 | ||||||||||
501 | Exxon Mobil Corp. | 35,000 | ||||||||||
13 | FMC Technologies, Inc. (D) | 477 | ||||||||||
92 | Halliburton Co. | 1,905 | ||||||||||
29 | Hess Corp. | 1,569 | ||||||||||
73 | Marathon Oil Corp. | 2,188 | ||||||||||
9 | Massey Energy Co. | 172 | ||||||||||
20 | Murphy Oil Corp. | 1,062 | ||||||||||
29 | Nabors Industries Ltd. (D) | 452 | ||||||||||
43 | National Oilwell Varco, Inc. (D) | 1,400 | ||||||||||
18 | Noble Energy, Inc. | 1,048 | ||||||||||
83 | Occidental Petroleum Corp. | 5,476 | ||||||||||
27 | Peabody Energy Corp. | 827 | ||||||||||
12 | Pioneer Natural Resources Co. | 298 | ||||||||||
16 | Range Resources Corp. | 667 | ||||||||||
12 | Rowan Companies, Inc. | 224 | ||||||||||
123 | Schlumberger Ltd. | 6,644 | ||||||||||
22 | Smith International, Inc. | 579 | ||||||||||
35 | Southwestern Energy Co. (D) | 1,371 | ||||||||||
66 | Spectra Energy Corp. | 1,119 | ||||||||||
12 | Sunoco, Inc. | 278 | ||||||||||
14 | Tesoro Corp. | 181 | ||||||||||
57 | Valero Energy Corp. | 963 | ||||||||||
60 | Williams Cos., Inc. | 929 | ||||||||||
59 | XTO Energy, Inc. | 2,269 | ||||||||||
102,584 | ||||||||||||
Food & Staples Retailing — 3.0% | ||||||||||||
45 | Costco Wholesale Corp. | 2,034 | ||||||||||
149 | CVS/Caremark Corp. | 4,762 | ||||||||||
67 | Kroger Co. | 1,475 | ||||||||||
44 | Safeway, Inc. | 890 | ||||||||||
22 | Supervalu, Inc. | 281 | ||||||||||
61 | Sysco Corp. | 1,361 | ||||||||||
102 | Walgreen Co. | 2,991 | ||||||||||
229 | Wal-Mart Stores, Inc. | 11,093 | ||||||||||
14 | Whole Foods Market, Inc. | 274 | ||||||||||
25,161 | ||||||||||||
Food, Beverage & Tobacco — 6.0% | ||||||||||||
212 | Altria Group, Inc. | 3,478 | ||||||||||
66 | Archer Daniels Midland Co. | 1,763 | ||||||||||
10 | Brown-Forman Corp. | 432 | ||||||||||
20 | Campbell Soup Co. | 602 | ||||||||||
204 | Coca-Cola Co. | 9,803 | ||||||||||
33 | Coca-Cola Enterprises, Inc. | 542 | ||||||||||
46 | ConAgra Foods, Inc. | 875 | ||||||||||
20 | Constellation Brands, Inc. Class A (D) | 255 | ||||||||||
18 | Dean Foods Co. (D) | 349 | ||||||||||
26 | Dr Pepper Snapple Group (D) | 551 | ||||||||||
34 | General Mills, Inc. | 1,888 | ||||||||||
32 | H.J. Heinz Co. | 1,152 | ||||||||||
17 | Hershey Co. | 613 | ||||||||||
7 | Hormel Foods Corp. | 249 | ||||||||||
12 | J.M. Smucker Co. | 594 | ||||||||||
26 | Kellogg Co. | 1,209 | ||||||||||
151 | Kraft Foods, Inc. | 3,830 | ||||||||||
17 | Lorillard, Inc. | 1,169 | ||||||||||
13 | McCormick & Co., Inc. | 434 | ||||||||||
15 | Molson Coors Brewing Co. | 648 | ||||||||||
14 | Pepsi Bottling Group, Inc. | 473 | ||||||||||
160 | PepsiCo, Inc. | 8,780 | ||||||||||
201 | Philip Morris International, Inc. | 8,780 | ||||||||||
17 | Reynolds American, Inc. | 672 | ||||||||||
71 | Sara Lee Corp. | 697 | ||||||||||
31 | Tyson Foods, Inc. Class A | 391 | ||||||||||
50,229 | ||||||||||||
Health Care Equipment & Services — 4.1% | ||||||||||||
46 | Aetna, Inc. | 1,148 | ||||||||||
31 | Amerisource Bergen Corp. | 550 | ||||||||||
10 | Bard (C.R.), Inc. | 759 | ||||||||||
62 | Baxter International, Inc. | 3,287 | ||||||||||
25 | Becton, Dickinson & Co. | 1,751 | ||||||||||
155 | Boston Scientific Corp. (D) | 1,567 | ||||||||||
37 | Cardinal Health, Inc. | 1,128 | ||||||||||
28 | CIGNA Corp. | 675 | ||||||||||
15 | Coventry Health Care, Inc. (D) | 284 | ||||||||||
11 | DaVita, Inc. (D) | 524 | ||||||||||
15 | Dentsply International, Inc. | 464 | ||||||||||
28 | Express Scripts, Inc. (D) | 1,912 | ||||||||||
16 | Hospira, Inc. (D) | 635 | ||||||||||
17 | Humana, Inc. (D) | 560 | ||||||||||
19 | IMS Health, Inc. | 237 | ||||||||||
4 | Intuitive Surgical, Inc. (D) | 638 | ||||||||||
11 | Laboratory Corp. of America Holdings (D) | 754 | ||||||||||
28 | McKesson Corp. | 1,225 | ||||||||||
50 | Medco Health Solutions, Inc. (D) | 2,260 | ||||||||||
115 | Medtronic, Inc. | 4,002 | ||||||||||
9 | Patterson Cos., Inc. (D) | 204 | ||||||||||
15 | Quest Diagnostics, Inc. | 869 | ||||||||||
36 | St. Jude Medical, Inc. (D) | 1,462 | ||||||||||
24 | Stryker Corp. | 972 |
The accompanying notes are an integral part of these financial statements.
4
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Health Care Equipment & Services — (continued) | ||||||||||||
43 | Tenet Healthcare Corp. (D) | $ | 121 | |||||||||
122 | UnitedHealth Group, Inc. | 3,050 | ||||||||||
13 | Varian Medical Systems, Inc. (D) | 452 | ||||||||||
50 | Wellpoint, Inc. (D) | 2,531 | ||||||||||
22 | Zimmer Holdings, Inc. (D) | 942 | ||||||||||
34,963 | ||||||||||||
Household & Personal Products — 2.8% | ||||||||||||
44 | Avon Products, Inc. | 1,130 | ||||||||||
14 | Clorox Co. | 796 | ||||||||||
51 | Colgate-Palmolive Co. | 3,623 | ||||||||||
12 | Estee Lauder Co., Inc. | 387 | ||||||||||
43 | Kimberly-Clark Corp. | 2,231 | ||||||||||
299 | Procter & Gamble Co. | 15,285 | ||||||||||
23,452 | ||||||||||||
Insurance — 2.3% | ||||||||||||
49 | Aflac, Inc. | 1,529 | ||||||||||
56 | Allstate Corp. | 1,371 | ||||||||||
282 | American International Group, Inc. | 327 | ||||||||||
28 | AON Corp. | 1,076 | ||||||||||
12 | Assurant, Inc. | 298 | ||||||||||
37 | Chubb Corp. | 1,472 | ||||||||||
17 | Cincinnati Financial Corp. | 382 | ||||||||||
45 | Genworth Financial, Inc. | 317 | ||||||||||
31 | Lincoln National Corp. | 536 | ||||||||||
38 | Loews Corp. | 1,038 | ||||||||||
54 | Marsh & McLennan Cos., Inc. | 1,078 | ||||||||||
18 | MBIA, Inc. (D) | 78 | ||||||||||
86 | Metlife, Inc. | 2,585 | ||||||||||
33 | Principal Financial Group, Inc. | 616 | ||||||||||
71 | Progressive Corp. | 1,078 | ||||||||||
49 | Prudential Financial, Inc. | 1,813 | ||||||||||
9 | Torchmark Corp. | 321 | ||||||||||
61 | Travelers Cos., Inc. | 2,518 | ||||||||||
35 | Unum Group | 553 | ||||||||||
36 | XL Capital Ltd. Class A | 411 | ||||||||||
19,397 | ||||||||||||
Materials — 3.2% | ||||||||||||
22 | Air Products and Chemicals, Inc. | 1,392 | ||||||||||
11 | AK Steel Holding Corp. | 215 | ||||||||||
100 | Alcoa, Inc. | 1,032 | ||||||||||
10 | Allegheny Technologies, Inc. | 352 | ||||||||||
10 | Ball Corp. | 435 | ||||||||||
10 | Bemis Co., Inc. | 259 | ||||||||||
5 | CF Industries Holdings, Inc. | 371 | ||||||||||
110 | Dow Chemical Co. | 1,782 | ||||||||||
93 | E.I. DuPont de Nemours & Co. | 2,376 | ||||||||||
7 | Eastman Chemical Co. | 282 | ||||||||||
17 | Ecolab, Inc. | 671 | ||||||||||
42 | Freeport-McMoRan Copper & Gold, Inc. | 2,119 | ||||||||||
8 | International Flavors & Fragrances, Inc. | 265 | ||||||||||
44 | International Paper Co. | 671 | ||||||||||
18 | MeadWestvaco Corp. | 288 | ||||||||||
56 | Monsanto Co. | 4,160 | ||||||||||
50 | Newmont Mining Corp. | 2,054 | ||||||||||
32 | Nucor Corp. | 1,434 | ||||||||||
17 | Owens-Illinois, Inc. (D) | 485 | ||||||||||
14 | Pactiv Corp. (D) | 294 | ||||||||||
17 | PPG Industries, Inc. | 742 | ||||||||||
32 | Praxair, Inc. | 2,242 | ||||||||||
16 | Sealed Air Corp. | 300 | ||||||||||
13 | Sigma-Aldrich Corp. | 621 | ||||||||||
9 | Titanium Metals Corp. | 81 | ||||||||||
15 | United States Steel Corp. | 526 | ||||||||||
12 | Vulcan Materials Co. | 537 | ||||||||||
22 | Weyerhaeuser Co. | 659 | ||||||||||
26,645 | ||||||||||||
Media — 2.5% | ||||||||||||
70 | CBS Corp. Class B | 482 | ||||||||||
296 | Comcast Corp. Class A | 4,287 | ||||||||||
54 | DirecTV Group, Inc. (D) | 1,328 | ||||||||||
24 | Gannett Co., Inc. | 85 | ||||||||||
49 | Interpublic Group of Cos., Inc. (D) | 248 | ||||||||||
32 | McGraw-Hill Cos., Inc. | 973 | ||||||||||
4 | Meredith Corp. | 95 | ||||||||||
12 | New York Times Co. Class A | 66 | ||||||||||
236 | News Corp. Class A | 2,150 | ||||||||||
32 | Omnicom Group, Inc. | 1,009 | ||||||||||
9 | Scripps Networks Interactive Class A | 257 | ||||||||||
36 | Time Warner Cable, Inc. | 1,145 | ||||||||||
123 | Time Warner, Inc. | 3,092 | ||||||||||
62 | Viacom, Inc. Class B (D) | 1,413 | ||||||||||
191 | Walt Disney Co. | 4,445 | ||||||||||
1 | Washington Post Co. Class B | 229 | ||||||||||
21,304 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.5% | ||||||||||||
159 | Abbott Laboratories | 7,458 | ||||||||||
32 | Allergan, Inc. | 1,502 | ||||||||||
104 | Amgen, Inc. (D) | 5,501 | ||||||||||
30 | Biogen Idec, Inc. (D) | 1,335 | ||||||||||
203 | Bristol-Myers Squibb Co. | 4,128 | ||||||||||
47 | Celgene Corp. (D) | 2,260 | ||||||||||
8 | Cephalon, Inc. (D) | 431 | ||||||||||
104 | Eli Lilly & Co. | 3,594 | ||||||||||
31 | Forest Laboratories, Inc. (D) | 776 | ||||||||||
28 | Genzyme Corp. (D) | 1,543 | ||||||||||
93 | Gilead Sciences, Inc. (D) | 4,357 | ||||||||||
283 | Johnson & Johnson | 16,061 | ||||||||||
25 | King Pharmaceuticals, Inc. (D) | 245 | ||||||||||
18 | Life Technologies Corp. (D) | 749 | ||||||||||
216 | Merck & Co., Inc. | 6,051 | ||||||||||
6 | Millipore Corp. (D) | 402 | ||||||||||
31 | Mylan, Inc. (D) | 409 | ||||||||||
12 | PerkinElmer, Inc. | 208 | ||||||||||
692 | Pfizer, Inc. | 10,385 | ||||||||||
167 | Schering-Plough Corp. | 4,198 | ||||||||||
43 | Thermo Fisher Scientific, Inc. (D) | 1,751 | ||||||||||
10 | Waters Corp. (D) | 511 | ||||||||||
11 | Watson Pharmaceuticals, Inc. (D) | 363 | ||||||||||
137 | Wyeth | 6,210 | ||||||||||
80,428 | ||||||||||||
Real Estate — 1.0% | ||||||||||||
12 | Apartment Investment & Management Co. | 106 | ||||||||||
8 | Avalonbay Communities, Inc. | 458 | ||||||||||
14 | Boston Properties, Inc. | 678 | ||||||||||
24 | CB Richard Ellis Group, Inc. Class A (D) | 227 | ||||||||||
28 | Equity Residential Properties Trust | 626 | ||||||||||
28 | HCP, Inc. | 593 | ||||||||||
11 | Health Care, Inc. | 389 | ||||||||||
62 | Host Hotels & Resorts, Inc. | 518 | ||||||||||
33 | Kimco Realty Corp. | 334 | ||||||||||
17 | Plum Creek Timber Co., Inc. | 497 | ||||||||||
45 | ProLogis | 366 | ||||||||||
13 | Public Storage | 840 |
The accompanying notes are an integral part of these financial statements.
5
Table of Contents
Hartford Index HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Real Estate — (continued) | ||||||||||||
28 | Simon Property Group, Inc. | $ | 1,455 | |||||||||
16 | Ventas, Inc. | 481 | ||||||||||
16 | Vornado Realty Trust | 734 | ||||||||||
8,302 | ||||||||||||
Retailing — 3.2% | ||||||||||||
9 | Abercrombie & Fitch Co. Class A | 230 | ||||||||||
33 | Amazon.com, Inc. (D) | 2,766 | ||||||||||
11 | AutoNation, Inc. (D) | 193 | ||||||||||
4 | AutoZone, Inc. (D) | 553 | ||||||||||
27 | Bed Bath & Beyond, Inc. (D) | 818 | ||||||||||
35 | Best Buy Co., Inc. | 1,172 | ||||||||||
8 | Big Lots, Inc. (D) | 178 | ||||||||||
22 | Expedia, Inc. (D) | 326 | ||||||||||
14 | Family Dollar Stores, Inc. | 406 | ||||||||||
17 | GameStop Corp. Class A (D) | 371 | ||||||||||
47 | Gap, Inc. | 775 | ||||||||||
16 | Genuine Parts Co. | 550 | ||||||||||
174 | Home Depot, Inc. | 4,114 | ||||||||||
23 | J.C. Penney Co., Inc. | 655 | ||||||||||
31 | Kohl’s Corp. (D) | 1,338 | ||||||||||
28 | Limited Brands, Inc. | 332 | ||||||||||
151 | Lowe’s Co., Inc. | 2,940 | ||||||||||
43 | Macy’s, Inc. | 508 | ||||||||||
16 | Nordstrom, Inc. | 327 | ||||||||||
28 | Office Depot, Inc. (D) | 129 | ||||||||||
14 | O’Reilly Automotive, Inc. (D) | 529 | ||||||||||
13 | RadioShack Corp. | 179 | ||||||||||
6 | Sears Holdings Corp. (D) | 370 | ||||||||||
10 | Sherwin-Williams Co. | 541 | ||||||||||
73 | Staples, Inc. | 1,482 | ||||||||||
77 | Target Corp. | 3,045 | ||||||||||
13 | Tiffany & Co. | 322 | ||||||||||
42 | TJX Cos., Inc. | 1,336 | ||||||||||
26,485 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.5% | ||||||||||||
58 | Advanced Micro Devices, Inc. (D) | 223 | ||||||||||
30 | Altera Corp. | 490 | ||||||||||
30 | Analog Devices, Inc. | 741 | ||||||||||
137 | Applied Materials, Inc. | 1,501 | ||||||||||
44 | Broadcom Corp. Class A (D) | 1,088 | ||||||||||
573 | Intel Corp. | 9,484 | ||||||||||
17 | KLA-Tencor Corp. | 441 | ||||||||||
23 | Linear Technology Corp. | 533 | ||||||||||
66 | LSI Corp. (D) | 303 | ||||||||||
23 | MEMC Electronic Materials, Inc. (D) | 409 | ||||||||||
19 | Microchip Technology, Inc. | 422 | ||||||||||
87 | Micron Technology, Inc. (D) | 440 | ||||||||||
20 | National Semiconductor Corp. | 251 | ||||||||||
10 | Novellus Systems, Inc. (D) | 166 | ||||||||||
56 | NVIDIA Corp. (D) | 633 | ||||||||||
18 | Teradyne, Inc. (D) | 122 | ||||||||||
131 | Texas Instruments, Inc. | 2,784 | ||||||||||
28 | Xilinx, Inc. | 578 | ||||||||||
20,609 | ||||||||||||
Software & Services — 7.0% | ||||||||||||
54 | Adobe Systems, Inc. (D) | 1,520 | ||||||||||
10 | Affiliated Computer Services, Inc. Class A (D) | 446 | ||||||||||
18 | Akamai Technologies, Inc. (D) | 340 | ||||||||||
23 | Autodesk, Inc. (D) | 445 | ||||||||||
51 | Automatic Data Processing, Inc. | 1,825 | ||||||||||
19 | BMC Software, Inc. (D) | 642 | ||||||||||
40 | CA, Inc. | 706 | ||||||||||
19 | Citrix Systems, Inc. (D) | 592 | ||||||||||
30 | Cognizant Technology Solutions Corp. (D) | 799 | ||||||||||
16 | Computer Sciences Corp. (D) | 690 | ||||||||||
25 | Compuware Corp. (D) | 170 | ||||||||||
13 | Convergys Corp. (D) | 117 | ||||||||||
111 | eBay, Inc. (D) | 1,900 | ||||||||||
33 | Electronic Arts, Inc. (D) | 721 | ||||||||||
20 | Fidelity National Information Services, Inc. | 391 | ||||||||||
16 | Fiserv, Inc. (D) | 730 | ||||||||||
25 | Google, Inc. (D) | 10,402 | ||||||||||
33 | Intuit, Inc. (D) | 933 | ||||||||||
7 | Mastercard, Inc. | 1,238 | ||||||||||
16 | McAfee, Inc. (D) | 671 | ||||||||||
785 | Microsoft Corp. | 18,667 | ||||||||||
35 | Novell, Inc. (D) | 160 | ||||||||||
389 | Oracle Corp. | 8,324 | ||||||||||
33 | Paychex, Inc. | 829 | ||||||||||
11 | Salesforce.com, Inc. (D) | 416 | ||||||||||
84 | Symantec Corp. (D) | 1,305 | ||||||||||
20 | Total System Services, Inc. | 271 | ||||||||||
20 | VeriSign, Inc. (D) | 366 | ||||||||||
72 | Western Union Co. | 1,180 | ||||||||||
143 | Yahoo!, Inc. (D) | 2,241 | ||||||||||
59,037 | ||||||||||||
Technology Hardware & Equipment — 8.7% | ||||||||||||
35 | Agilent Technologies, Inc. (D) | 716 | ||||||||||
18 | Amphenol Corp. Class A | 557 | ||||||||||
92 | Apple, Inc. (D) | 13,041 | ||||||||||
9 | Ciena Corp. (D) | 96 | ||||||||||
592 | Cisco Systems, Inc. (D) | 11,031 | ||||||||||
159 | Corning, Inc. | 2,560 | ||||||||||
178 | Dell, Inc. (D) | 2,450 | ||||||||||
207 | EMC Corp. (D) | 2,706 | ||||||||||
15 | FLIR Systems, Inc. (D) | 347 | ||||||||||
14 | Harris Corp. | 386 | ||||||||||
245 | Hewlett-Packard Co. | 9,463 | ||||||||||
136 | IBM Corp. | 14,154 | ||||||||||
22 | Jabil Circuit, Inc. | 163 | ||||||||||
23 | JDS Uniphase Corp. (D) | 129 | ||||||||||
54 | Juniper Networks, Inc. (D) | 1,267 | ||||||||||
8 | Lexmark International, Inc. ADR (D) | 127 | ||||||||||
14 | Molex, Inc. | 221 | ||||||||||
235 | Motorola, Inc. | 1,559 | ||||||||||
34 | NetApp, Inc. (D) | 669 | ||||||||||
12 | QLogic Corp. (D) | 155 | ||||||||||
170 | Qualcomm, Inc. | 7,677 | ||||||||||
23 | SanDisk Corp. (D) | 343 | ||||||||||
77 | Sun Microsystems, Inc. (D) | 706 | ||||||||||
41 | Tellabs, Inc. (D) | 233 | ||||||||||
18 | Teradata Corp. (D) | 416 | ||||||||||
23 | Western Digital Corp. (D) | 604 | ||||||||||
89 | Xerox Corp. | 575 | ||||||||||
72,351 | ||||||||||||
Telecommunication Services — 3.5% | ||||||||||||
41 | American Tower Corp. Class A (D) | 1,285 | ||||||||||
605 | AT&T, Inc. | 15,037 | ||||||||||
10 | CenturyTel, Inc. | 318 | ||||||||||
15 | Embarq Corp. | 615 | ||||||||||
32 | Frontier Communications Corp. | 228 | ||||||||||
26 | MetroPCS Communications, Inc. (D) | 346 | ||||||||||
152 | Qwest Communications International, Inc. | 630 | ||||||||||
295 | Sprint Nextel Corp. (D) | 1,418 |
The accompanying notes are an integral part of these financial statements.
6
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Telecommunication Services — (continued) | ||||||||||||
295 | Sprint Nextel Corp. (D) | $ | 1,418 | |||||||||
291 | Verizon Communications, Inc. | 8,955 | ||||||||||
45 | Windstream Corp. | 375 | ||||||||||
29,207 | ||||||||||||
Transportation — 2.0% | ||||||||||||
29 | Burlington Northern Santa Fe Corp. | 2,099 | ||||||||||
17 | C.H. Robinson Worldwide, Inc. | 908 | ||||||||||
40 | CSX Corp. | 1,392 | ||||||||||
22 | Expeditors International of Washington, Inc. | 727 | ||||||||||
32 | FedEx Corp. | 1,779 | ||||||||||
38 | Norfolk Southern Corp. | 1,417 | ||||||||||
6 | Ryder System, Inc. | 159 | ||||||||||
76 | Southwest Airlines Co. | 511 | ||||||||||
52 | Union Pacific Corp. | 2,693 | ||||||||||
102 | United Parcel Service, Inc. Class B | 5,106 | ||||||||||
16,791 | ||||||||||||
Utilities — 4.0% | ||||||||||||
68 | AES Corp. (D) | 794 | ||||||||||
17 | Allegheny Energy, Inc. | 447 | ||||||||||
22 | Ameren Corp. | 547 | ||||||||||
49 | American Electric Power Co., Inc. | 1,414 | ||||||||||
36 | CenterPoint Energy, Inc. | 397 | ||||||||||
23 | CMS Energy Corp. | 281 | ||||||||||
28 | Consolidated Edison, Inc. | 1,053 | ||||||||||
20 | Constellation Energy Group, Inc. | 543 | ||||||||||
61 | Dominion Resources, Inc. | 2,023 | ||||||||||
17 | DTE Energy Co. | 538 | ||||||||||
132 | Duke Energy Corp. | 1,927 | ||||||||||
52 | Dynegy Holdings, Inc. (D) | 118 | ||||||||||
33 | Edison International | 1,053 | ||||||||||
20 | Entergy Corp. | 1,560 | ||||||||||
13 | EQT Corp. | 468 | ||||||||||
68 | Exelon Corp. | 3,463 | ||||||||||
31 | FirstEnergy Corp. | 1,214 | ||||||||||
42 | FPL Group, Inc. | 2,398 | ||||||||||
8 | Integrys Energy Group, Inc. | 235 | ||||||||||
5 | Nicor, Inc. | 159 | ||||||||||
28 | NiSource, Inc. | 328 | ||||||||||
18 | Northeast Utilities | 401 | ||||||||||
23 | Pepco Holdings, Inc. | 304 | ||||||||||
38 | PG&E Corp. | 1,453 | ||||||||||
10 | Pinnacle West Capital Corp. | 314 | ||||||||||
39 | PPL Corp. | 1,271 | ||||||||||
29 | Progress Energy, Inc. | 1,081 | ||||||||||
52 | Public Service Enterprise Group, Inc. | 1,696 | ||||||||||
18 | Questar Corp. | 556 | ||||||||||
13 | SCANA Corp. | 406 | ||||||||||
25 | Sempra Energy | 1,243 | ||||||||||
80 | Southern Co. | 2,502 | ||||||||||
22 | TECO Energy, Inc. | 260 | ||||||||||
12 | Wisconsin Energy Corp. | 488 | ||||||||||
47 | Xcel Energy, Inc. | 860 | ||||||||||
33,795 | ||||||||||||
Total common stocks (cost $1,037,285) | $ | 825,851 | ||||||||||
Total long-term investments (cost $1,037,285) | $ | 825,851 | ||||||||||
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||||||
Repurchase Agreements — 1.2% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $8,260, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $8,403) | ||||||||||||
$ | 8,260 | 0.01%, 6/30/2009 | $ | 8,260 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,550, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,577) | ||||||||||||
1,550 | 0.01%, 6/30/2009 | 1,550 | ||||||||||
9,810 | ||||||||||||
U.S. Treasury Bills — 0.3% | ||||||||||||
2,900 | 0.18%, 7/16/2009 (S)(M) | 2,900 | ||||||||||
Total short-term investments (cost $12,710) | $ | 12,710 | ||||||||||
Total investments (cost $1,049,995) (C) | 100.0 | % | $ | 838,561 | ||||||||
Other assets and liabilities | — | % | (69 | ) | ||||||||
Total net assets | 100.0 | % | $ | 838,492 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,074,549 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 132,761 | ||
Unrealized Depreciation | (368,749 | ) | ||
Net Unrealized Depreciation | $ | (235,988 | ) | |
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
S&P 500 Index | 55 | Long | Sep 2009 | $ | (271 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
7
Table of Contents
Hartford Index HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 825,851 | $ | 825,851 | $ | — | $ | — | ||||||||
Short-Term Investments | 12,710 | — | 12,710 | — | ||||||||||||
Total | $ | 838,561 | $ | 825,851 | $ | 12,710 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 271 | $ | 271 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
8
Table of Contents
Hartford Index HLS Fund
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Assets: | ||||
Investments in securities, at value @ | $ | 838,561 | ||
Receivables: | ||||
Investment securities sold | 685 | |||
Fund shares sold | 226 | |||
Dividends and interest | 1,135 | |||
Variation margin | 4 | |||
Other assets | 15 | |||
Total assets | 840,626 | |||
Liabilities: | ||||
Payables: | ||||
Investment securities purchased | 1,437 | |||
Fund shares redeemed | 492 | |||
Variation margin | 87 | |||
Investment management fees | 12 | |||
Administrative services fee | 23 | |||
Distribution fees | 5 | |||
Accrued expenses | 78 | |||
Total liabilities | 2,134 | |||
Net assets | $ | 838,492 | ||
Summary of Net Assets: | ||||
Capital stock and paid-in-capital | $ | 1,090,131 | ||
Accumulated undistributed net investment income | 10,318 | |||
Accumulated net realized loss on investments and foreign currency transactions | (50,252 | ) | ||
Unrealized depreciation of investments and the translations of assets and liabilities denominated in foreign currency | (211,705 | ) | ||
Net assets | $ | 838,492 | ||
Shares authorized | 4,000,000 | |||
Par value | $ | 0.001 | ||
Class IA: Net asset value per share | $ | 19.33 | ||
Shares outstanding | 36,347 | |||
Net assets | $ | 702,685 | ||
Class IB: Net asset value per share | $ | 19.24 | ||
Shares outstanding | 7,059 | |||
Net assets | $ | 135,807 | ||
@ Cost of securities | $ | 1,049,995 | ||
The accompanying notes are an integral part of these financial statements.
9
Table of Contents
Hartford Index HLS Fund
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Investment Income: | ||||
Dividends | $ | 10,350 | ||
Interest | 16 | |||
Total investment income, net | 10,366 | |||
Expenses: | ||||
Investment management fees | 391 | |||
Administrative services fees | 782 | |||
Distribution fees — Class IB | 158 | |||
Custodian fees | 13 | |||
Accounting services | 39 | |||
Board of Directors’ fees | 11 | |||
Audit fees | 11 | |||
Other expenses | 85 | |||
Total expenses | 1,490 | |||
Net investment income | 8,876 | |||
Net Realized Loss on Investments and Other Financial Instruments: | ||||
Net realized loss on investments | (18,453 | ) | ||
Net realized gain on futures | 1,537 | |||
Net Realized Loss on Investments and Other Financial Instruments | (16,916 | ) | ||
Net Changes in Unrealized Appreciation of Investments and Other Financial Instruments: | ||||
Net unrealized appreciation of investments | 28,818 | |||
Net unrealized depreciation of futures | (451 | ) | ||
Net Changes in Unrealized Appreciation of Investments and Other Financial Instruments | 28,367 | |||
Net Gain on Investments | 11,451 | |||
Net Increase in Net Assets Resulting from Operations | $ | 20,327 | ||
The accompanying notes are an integral part of these financial statements.
10
Table of Contents
Hartford Index HLS Fund
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
For the | ||||||||
Six-Month | ||||||||
Period Ended | For the | |||||||
June 30, 2009 | Year Ended | |||||||
(Unaudited) | December 31, 2008 | |||||||
Operations: | ||||||||
Net investment income | $ | 8,876 | $ | 25,142 | ||||
Net realized loss on investments and futures contracts | (16,916 | ) | (1,579 | ) | ||||
Net unrealized appreciation (depreciation) of investments and futures contracts | 28,367 | (576,370 | ) | |||||
Net increase (decrease) in net assets resulting from operations | 20,327 | (552,807 | ) | |||||
Distributions to Shareholders: | ||||||||
From net investment income | ||||||||
Class IA | — | (21,266 | ) | |||||
Class IB | — | (3,640 | ) | |||||
From net realized gain on investments | ||||||||
Class IA | — | (24,970 | ) | |||||
Class IB | — | (4,911 | ) | |||||
Total distributions | — | (54,787 | ) | |||||
Capital Share Transactions: | ||||||||
Class IA | ||||||||
Sold | 58,065 | 82,038 | ||||||
Issued on reinvestment of distributions | — | 46,236 | ||||||
Redeemed | (90,461 | ) | (292,603 | ) | ||||
Total capital share transactions | (32,396 | ) | (164,329 | ) | ||||
Class IB | ||||||||
Sold | 13,175 | 41,948 | ||||||
Issued on reinvestment of distributions | — | 8,551 | ||||||
Redeemed | (18,709 | ) | (85,275 | ) | ||||
Total capital share transactions | (5,534 | ) | (34,776 | ) | ||||
Net decrease from capital share transactions | (37,930 | ) | (199,105 | ) | ||||
Net decrease in net assets | (17,603 | ) | (806,699 | ) | ||||
Net Assets: | ||||||||
Beginning of period | 856,095 | 1,662,794 | ||||||
End of period | $ | 838,492 | $ | 856,095 | ||||
Accumulated undistributed net investment income | $ | 10,318 | $ | 1,442 | ||||
Shares: | ||||||||
Class IA | ||||||||
Sold | 3,323 | 3,273 | ||||||
Issued on reinvestment of distributions | — | 2,143 | ||||||
Redeemed | (5,266 | ) | (11,223 | ) | ||||
Total share activity | (1,943 | ) | (5,807 | ) | ||||
Class IB | ||||||||
Sold | 747 | 1,603 | ||||||
Issued on reinvestment of distributions | — | 394 | ||||||
Redeemed | (1,073 | ) | (3,274 | ) | ||||
Total share activity | (326 | ) | (1,277 | ) | ||||
The accompanying notes are an integral part of these financial statements.
11
Table of Contents
Hartford Index HLS Fund
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
The Hartford Index HLS Fund serves an underlying investment option for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates (“HLIC”) and certain qualified retirement plans. The Fund may also serve as underlying investment options for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. (the “Company”) is an open-end management investment company comprised of thirty-four portfolios, one portfolio of which is included in these financial statements (each a “Fund” or together the “Funds”). It is Hartford Index HLS Fund.
The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as a diversified open-end management investment company.
The Fund is divided into Class IA and Class IB shares. Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except that the Class IB shares are subject to distribution fees charged pursuant to Distributions and Service Plans. Distribution and Service Plans have been adopted in accordance with Rule 12b-1 of the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. |
Trade date for senior floating rate interests purchased in the primary market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary market is the date on which the transaction is entered into.
Dividend income is accrued as of the ex-dividend date, except that certain dividends for foreign securities where the ex-dividend date may have passed are recorded as soon as the Fund is informed of the dividend in the exercise of reasonable diligence. Interest income, including amortization of premium and accretion of discounts, is accrued on a daily basis.
b) | Security Valuation — The Fund generally uses market prices in valuing portfolio securities. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the security as determined in good faith under policies and procedures established by and under the supervision of the Fund’s Board of Directors. Market prices may be deemed unreliable, for example, if a security is thinly traded or if an event has occurred after the close of the security’s primary markets, but before the close of the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time, referred to as the “Valuation Time”) that is expected to affect the value of the portfolio security. The circumstances in which the Fund may use fair value pricing include, among others: (i) the occurrence of events that are significant to a particular issuer, such as mergers, restructuring or defaults; (ii) the occurrence of events that are significant to an entire market, such as natural disasters in a particular region or governmental actions; (iii) trading restrictions on securities; (iv) thinly traded securities and (v) market events such as trading halts and early market closings. In addition, with respect to the valuation of stocks primarily traded on foreign markets, the Fund uses a fair value pricing service approved by the Fund’s Board of Directors, which employs quantitative models that evaluate changes in the value of foreign market proxies (e.g., futures contracts, ADR’s, exchange traded funds (ETF’s)) after the close of the foreign markets but before the close of the Exchange. Securities that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign securities in which the Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause the NAV of its respective shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio security is primarily traded but before the close of the Exchange. There can be no assurance that the Fund could obtain the fair value assigned to a security if the Fund were to sell the security at approximately the time at which the Fund determines its NAV. |
Exchange traded equity securities shall be valued at the last reported sale price on the exchange or market on which the security is primarily traded (the “Primary Market”) at the Valuation Time. If the security did not trade on the Primary Market, it may be valued at the Valuation Time at the last reported sale price on another exchange where it trades. The value of an equity security not traded on any exchange but traded on the Nasdaq Stock Market, Inc. (“Nasdaq”) or another OTC market shall be valued at the last reported sale price or official closing price on the exchange or market on which the security is traded as of the Valuation Time. If it is not possible to determine the last reported sale price or official closing price on the relevant exchange or market at the Valuation Time, the value of the security shall be taken to be the most recent mean between bid and asked prices on such exchange or market at the Valuation Time.
Short-term investments with a maturity of more than 60 days when purchased are valued based on market quotations until the remaining days to maturity become less than 61 days. Investments and investments of other Funds that mature in 60 days or less are valued at amortized cost, which approximates fair value.
Securities of foreign issuers and non-dollar securities are translated from the local currency into U.S. dollars using prevailing exchange rates.
Options contracts on securities, currencies, indexes, futures contracts, commodities and other instruments shall be valued at their most recent sales price at the Valuation Time on the Primary Market on which the instrument is traded. If the instrument did not trade on the Primary Market, it may be valued at the most recent sales price at the Valuation Time on another exchange or market where it did trade.
12
Table of Contents
Futures contracts are valued at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively. If a settlement price is not available, futures contracts will be valued at the most recent trade price as of the Valuation Time. If there were no trades, the contract shall be valued at the mean of the closing bid/ask prices as of the Valuation Time.
Financial instruments for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in securities in accordance with procedures established by the Fund’s Board of Directors.
A forward currency contract shall be valued based on the price of the underlying currency at the prevailing interpolated exchange rate, which is a combination of the spot currency rate and the forward currency rate. Spot currency rates and forward currency rates are obtained from an independent pricing service on a daily basis not more than one hour before the Valuation Time.
Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Fund’s Board of Directors.
Other derivative or contractual type instruments shall be valued using market prices if such instruments trade on an exchange or market. If such instruments do not trade on an exchange or market, such instruments shall be valued at a price at which the counterparty to such contract would repurchase the instrument. In the event that the counterparty cannot provide a price, such valuation may be determined in accordance with procedures established by the Fund’s Board of Directors.
Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the valuation date.
c) | Foreign Currency Transactions — The accounting records of the Fund are maintained in U.S. dollars. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at the prevailing exchange rates. Purchases and sales of investment securities, dividend and interest income and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. |
The Fund does not isolate that portion of portfolio security valuation resulting from fluctuations in the foreign currency exchange rates on portfolio securities from the fluctuations arising from changes in the market prices of securities held. Such 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.
d) | Securities Lending — The Fund may lend its securities to certain qualified brokers who pay the Fund negotiated lender fees. The loans are fully collateralized at all times with cash and/or U.S. Government Securities and/or repurchase agreements. The cash collateral is then invested in short-term money market instruments. The repurchase agreements are fully collateralized by U.S. Government Securities. The adequacy of the collateral for securities on loan is monitored on a daily basis. For instances where the market value of collateral falls below the market value of the securities out on loan, such collateral is supplemented on the following business day. |
While securities are on loan, the Fund is subject to the following risks: 1) that the borrower may default on the loan and that the collateral could be inadequate in the event the borrower defaults, 2) that the earnings on the collateral invested may not be sufficient to pay fees incurred in connection with the loan, 3) that the principal value of the collateral invested may decline and may not be sufficient to pay back the borrower for the amount of the collateral posted, 4) that the borrower may use the loaned securities to cover a short sale which may place downward pressure on the market prices of the loaned securities, 5) that return of loaned securities could be delayed and could interfere with portfolio management decisions and 6) that any efforts to recall the securities for purposes of voting a proxy may not be effective. The Fund had no securities on loan as of June 30, 2009.
e) | Joint Trading Account — Pursuant to an exemptive order issued by the SEC, the Fund may transfer uninvested cash balances into a joint trading account managed by Hartford Investment Management Company (“Hartford Investment Management”), a wholly-owned indirect subsidiary of The Hartford Financial Services Group, Inc., (“The Hartford”). These balances may be invested in one or more repurchase agreements and/or short-term money market instruments. | |
f) | Repurchase Agreements — A repurchase agreement is an agreement by which the seller of a security agrees to repurchase the security sold at a mutually agreed upon time and price. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral security(ies), including accrued interest, will be equal to or exceed the value of the repurchase agreement. Securities that serve to collateralize the repurchase agreement are held by the Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements as of June 30, 2009. | |
g) | Indexed Securities — The Fund may invest in indexed securities whose values are linked to changes in interest rates, indices, or other underlying instruments. The Fund uses these securities to increase or decrease its exposure to different underlying instruments and to gain exposure to markets that might be difficult to invest in using conventional securities. Indexed securities may be more volatile than their underlying instruments, but any loss is limited to the amount of the original investment and there may be a limit to the potential appreciation of the investment. As of June 30, 2009, the Fund had no investments in indexed securities. | |
h) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Fund’s shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of the Fund’s shares is determined as of the close of each business day of the Exchange. The NAV is determined separately for each class of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of the Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an |
13
Table of Contents
Hartford Index HLS Fund
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
Dividends are declared pursuant to a policy adopted by the Fund’s Board of Directors based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and distribute realized capital gains, if any, at least once a year.
Distributions from net investment income, realized capital gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing. These differences include foreign currency gains and losses, losses deferred due to wash sales adjustments, related to Passive Foreign Investment Companies and certain derivatives, and excise tax regulations. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Fund’s capital accounts (see Reclassification of Capital Accounts within the Federal Income Tax section of the Notes to Financial Statements).
i) | Illiquid and Restricted Securities — The Fund is permitted to invest up to 15% of its net assets in illiquid securities. “Illiquid Securities” are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine the Fund’s NAV. The Fund may not be able to sell illiquid securities or other investments when its sub-adviser considers it desirable to do so or may have to sell such securities or investments at a price that is lower than the price that could be obtained if the securities or investments were more liquid. A sale of illiquid securities or other investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid securities and investments also may be more difficult to value, due to the unavailability of reliable market quotations for such securities or investments, and investment in them may have an adverse impact on NAV. The Fund may also purchase certain restricted securities, commonly known as Rule 144A securities, that can be resold to institutions and which may be determined to be liquid pursuant to policies and guidelines established by the Fund’s Board of Directors. The Fund had no investments in illiquid or restricted securities as of June 30, 2009. | |
j) | Securities Purchased on a When-Issued or Delayed-Delivery Basis — Delivery and payment for securities that have been purchased by the Fund on a forward commitment, or when-issued or delayed-delivery basis take place beyond the customary settlement period. During this period, such securities are subject to market fluctuations, and the Fund identifies securities segregated in its records with value at least equal to the amount of the commitment. As of June 30, 2009, the Fund had no outstanding when-issued or delayed delivery securities. | |
k) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
l) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”) clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Fund’s investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, ETF’s, and rights and warrants. | |
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. | |
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and requires significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than that presented above, as individual circumstances dictate.
FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value. During the six-month period ended June 30, 2009, the Fund held no Level 3 securities.
Refer to the valuation hierarchy levels summary found following the Schedule of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional
14
Table of Contents
disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the valuation of the Fund’s investments. The additional disclosures required of this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
m) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. |
Fair Value of Derivative Instruments as of June 30, 2009:
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 271 |
The volume of the derivatives that are presented above in Derivative Instruments tables is consistent with derivative activity during the six-month period ended June 30, 2009.
Realized Gain/Loss and change in Unrealized Appreciation (Depreciation) on Derivative Investments for the six-month period ended June 30, 2009:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | 1,537 | $ | — | $ | — | $ | 1,537 | ||||||||||||
Total | $ | — | $ | — | $ | 1,537 | $ | — | $ | — | $ | 1,537 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (451 | ) | $ | — | $ | — | $ | (451 | ) | ||||||||||
Total | $ | — | $ | — | $ | (451 | ) | $ | — | $ | — | $ | (451 | ) | ||||||||||
n) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. |
o) | Indemnifications: Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporate Law and the federal securities law. In addition, the Company, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. |
3. | Futures and Options: |
Futures and Options Transactions — The Fund is subject to equity price risk, interest rate risk and foreign currency exchange risk in the normal course of pursuing its investment objectives. The Fund may invest in futures and options contracts in order to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. A futures contract is an agreement between two parties to buy and sell an asset at a set price on a future date. When the Fund enters into such futures contracts, it is required to deposit with a futures commission merchant an amount of “initial margin” of cash, commercial paper or U.S. Treasury Bills. Subsequent payments, called variation margin, to and from the broker, are made on a daily basis as the price of the underlying asset fluctuates, making the long and short positions in the futures contract more or less valuable (i.e., mark-to-market), which results in an unrealized gain or loss to the Fund.
At any time prior to the expiration of the futures contract, the Fund may close the position by taking an opposite position, which would effectively terminate the position in the futures contract. A final determination of variation margin is then made, additional cash is required to be paid by or released to the Fund and the Fund realizes a gain or loss.
The use of futures contracts involves elements of market risk, which may exceed the amounts recognized in the Statements of Assets and Liabilities. Changes in the value of the futures contracts may decrease the effectiveness of the Fund’s strategies and potentially result in loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded through a clearing house. The clearing house requires sufficient collateral to cover margins. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of June 30, 2009.
15
Table of Contents
Hartford Index HLS Fund
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
The premium paid by a Fund for the purchase of a call or put option is included in the Fund’s Statement of Assets and Liabilities as an investment and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options to reflect the current market value of the option as of the end of the reporting period.
The Fund may write covered options. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying securities or currency or an option to purchase or sell the same underlying securities or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid securities having a value equal to or greater than the fluctuating market value of the option securities or currencies. The Fund receives a premium for writing a call or put option, which is recorded on the Fund’s Statement of Assets and Liabilities and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options. There is a risk of loss from a change in the value of such options, which may exceed the related premiums received. The Fund had no transactions involving written options contracts for the six-month period ended June 30, 2009.
4. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Fund intends to qualify as a regulated investment company 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 and otherwise complying with the requirements of regulated investment companies. The Fund has distributed substantially all of its income and capital gains in prior years and intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions, amortization adjustments, and differing tax treatment for investments in PFICs, derivatives, REITs, RICs, and partnerships. The character of distributions made during the year from net investment income or 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 the Funds. | |
c) | The tax character of distributions paid for the periods indicated is as follows (as adjusted for dividends payable): |
For the Year Ended | For the Year Ended | |||||||||||||||||||||||
December 31, 2008 | December 31, 2007 | |||||||||||||||||||||||
Long-Term | Long-Term | |||||||||||||||||||||||
Ordinary | Capital | Tax return | Ordinary | Capital | Tax return | |||||||||||||||||||
Income | Gains (a) | of capital | Income | Gains (a) | of capital | |||||||||||||||||||
Hartford Index HLS Fund | $ | 25,681 | $ | 29,106 | $ | — | $ | 29,201 | $ | 93,161 | $ | — |
(a) | The Fund designates these distributions as long-term gain capital dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2008, the components of distributable earnings (deficit) on tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford Index HLS Fund | $ | 1,441 | $ | 212 | $ | (8,862 | ) | $ | (264,757 | ) | $ | (271,966 | ) |
@ | The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sales losses, the mark-to-market adjustment for certain derivatives in accordance with IRC Sec. 1256, mark to market for Passive Foreign Investment Companies and basis differences in real estate investment trusts. |
d) | Reclassification of Capital Accounts — In accordance with American Institute of Certified Public Accountants (AICPA) Statement of Position 93-2, Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies, the Fund has recorded reclassifications in its capital accounts. These reclassifications had no impact on the NAV of the Funds. The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses that reduce distribution requirements. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of a Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from net investment income, from net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2008, the Fund recorded the following reclassifications to increase (decrease) the accounts listed below. |
Undistributed | Accumulated | |||||||||||
Net Investment | Net Realized | Paid-in- | ||||||||||
Income | Gain (Loss) | Capital | ||||||||||
Hartford Index HLS Fund | $ | 111 | $ | (113 | ) | $ | 2 |
16
Table of Contents
e) | Capital Loss Carryforward: |
At December 31, 2008 (tax-year-end), the Fund had no capital loss carryforwards for U.S. federal income tax purposes.
As of December 31, 2008, the Fund elected to defer the following post October losses.
Long-Term | ||||||||
Fund | Ordinary Income | Capital Gain | ||||||
Hartford Index HLS Fund | $ | — | $ | 8,862 |
f) Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Funds’ financial statements related to uncertain tax positions.
5. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors), an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Fund pursuant to an Investment Management Agreement for the Hartford Series Fund, Inc. As investment manager, HL Advisors has overall investment supervisory responsibility for the Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Fund. |
HL Advisors has contracted with Hartford Investment Management for the provision of day-to-day investment management services for Hartford Index HLS Fund in accordance with the Fund’s investment objectives and policies.
The Fund pays a fee to HL Advisors, a portion of which is used to compensate Hartford Investment Management, as applicable.
b) | Administrative Services Agreement — Under the Administrative Services Agreement between HLIC and the Fund, HLIC provides administrative services to the Fund and receives monthly compensation at the annual rate of 0.20% for the first $5 billion in average net assets, 0.18% of average net assets for the next $5 billion and 0.17% for average net assets over $10 billion. The Fund assumes and pays certain other expenses (including, but not limited to, accounting, custodian, state taxes and directors’ fees). |
The schedule below reflect the rates of compensation paid to HL Advisors for investment management services and to HLIC for administrative services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly.
Average Daily Net Assets | Annual Rate | |||
On first $2 billion | 0.30% | |||
On next $3 billion | 0.20% | |||
On next $5 billion | 0.18% | |||
Over $10 billion | 0.17% |
c) Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Fund, HLIC provides accounting services to the Fund and receives monthly compensation on the Fund’s average daily net assets. The Fund’s accounting services fees are accrued daily and paid monthly.
The rate of compensation paid to HLIC is as follows:
Average Daily Net Assets | Annual Rate | |||
All assets | 0.010% |
d) | Other Related Party Transactions — Certain officers of the Funds are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Fund’s Chief Compliance Officer’s salary was paid by the Funds in the amount of $2. The fees are accrued daily and paid monthly. | |
e) | Operating Expenses — Allocable expenses incurred by the Fund are allocated to the Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within the Fund. | |
f) | Fees Paid Indirectly — The Fund has entered into agreements with State Street Global Advisers, LLC and Russell Implementation Securities, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Fund’s expenses. In addition, the Fund’s custodian bank has also agreed to reduce its fees when the Fund maintains cash on deposit in the non-interest-bearing custody account. For the six-month period ended June 30, 2009, these amounts are included in the Statement of Operations. |
17
Table of Contents
Hartford Index HLS Fund
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. Had the fees paid indirectly been included, the annualized expense ratio for the periods listed below would have been as follows:
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | December 31, 2008 | December 31, 2007 | December 31, 2006 | December 31, 2005 | December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Index HLS Fund | 0.34 | % | 0.59 | % | 0.32 | % | 0.57 | % | 0.33 | % | 0.58 | % | 0.33 | % | 0.58 | % | 0.42 | % | 0.67 | % | 0.44 | % | 0.69 | % |
g) | Distribution Plan for Class IB shares — The Fund has adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, the Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to the Fund Board’s review and approval. |
The Distribution Plan provides that the Fund may pay annually up to 0.25% of the average daily net assets of the Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in time. Under the terms of the Distribution Plan and the principal underwriting agreement, the Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
h) | Payment from Affiliate — The Fund is available for purchase by the separate accounts of different variable universal life policies, variable annuity products, and funding agreements and is offered directly to certain qualified retirement plans (collectively “Products”). Although existing Products contain transfer restrictions, some Products, particularly older variable annuity products, do not contain restrictions on the frequency of transfers. In addition, as the result of the settlement of litigation against Hartford Life, Inc. (“Hartford Life”) (the issuer of such variable annuity products), the Fund’s ability to restrict transfers by certain owners of older variable annuity products was limited. During 2006, these annuity owners surrendered the older variable annuity contracts that were the subject of prior litigation. In February 2005, Hartford Life agreed with the Board of Directors of the Fund to indemnify the Fund for any material harm caused to the Fund from frequent trading by these contract owners. |
The total return in the financial highlights includes the impact of the payment from affiliates. Had the payment from affiliate for unrestricted transfers been excluded, the impact on total return for the year ended December 31, 2006, would have been 0.01% for Class IA and IB.
6. | Investment Transactions: |
For the six-month period ended June 30, 2009, aggregate purchases and sales of investment securities (excluding short-term investments) were as follows:
�� | ||||||||
Cost of Purchases | Sales Proceeds | |||||||
Excluding | Excluding | |||||||
U.S. Government | U.S. Government | |||||||
Obligations | Obligations | |||||||
Hartford Index HLS Fund | $ | 19,364 | $ | 35,991 |
7. | Line of Credit: |
The Fund participates in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the Fund is required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. During the six-month period ended June 30, 2009, the Fund did not have any borrowings under this facility.
8. | Industry Classifications: |
Other than the industry classifications “Other Investment Pools and Funds” and “Exchange Traded Funds”, 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.
18
Table of Contents
Hartford Index HLS Fund
Financial Highlights
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Index HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 18.75 | $ | 0.21 | $ | — | $ | 0.37 | $ | 0.58 | $ | — | $ | — | $ | — | $ | — | $ | 0.58 | $ | 19.33 | 3.09 | %(e) | $ | 702,685 | 0.34 | %(f) | 0.34 | %(f) | 2.31 | %(f) | 3 | % | ||||||||||||||||||||||||||||||||||
Class IB | 18.69 | 0.19 | — | 0.36 | 0.55 | — | — | — | — | 0.55 | 19.24 | 2.94 | (e) | 135,807 | 0.59 | (f) | 0.59 | (f) | 2.06 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 31.54 | 0.59 | — | (12.16 | ) | (11.57 | ) | (0.58 | ) | (0.64 | ) | — | (1.22 | ) | (12.79 | ) | 18.75 | (37.11 | ) | 718,081 | 0.32 | 0.32 | 2.02 | 4 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 31.40 | 0.51 | — | (12.07 | ) | (11.56 | ) | (0.51 | ) | (0.64 | ) | — | (1.15 | ) | (12.71 | ) | 18.69 | (37.27 | ) | 138,014 | 0.57 | 0.57 | 1.77 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.36 | 0.59 | — | 1.07 | 1.66 | (0.57 | ) | (1.91 | ) | — | (2.48 | ) | (0.82 | ) | 31.54 | 5.20 | 1,390,827 | 0.33 | 0.33 | 1.61 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.22 | 0.48 | — | 1.09 | 1.57 | (0.48 | ) | (1.91 | ) | — | (2.39 | ) | (0.82 | ) | 31.40 | 4.94 | 271,967 | 0.58 | 0.58 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 31.97 | 0.56 | — | 4.05 | 4.61 | (0.56 | ) | (3.66 | ) | — | (4.22 | ) | 0.39 | 32.36 | 15.46 | (g) | 1,598,176 | 0.42 | 0.33 | 1.60 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 31.84 | 0.44 | — | 4.06 | 4.50 | (0.46 | ) | (3.66 | ) | — | (4.12 | ) | 0.38 | 32.22 | 15.17 | (g) | 276,850 | 0.67 | 0.58 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 32.17 | 0.51 | — | 0.90 | 1.41 | (0.61 | ) | (1.00 | ) | — | (1.61 | ) | (0.20 | ) | 31.97 | 4.50 | 1,701,424 | 0.42 | 0.42 | 1.46 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 32.02 | 0.40 | — | 0.93 | 1.33 | (0.51 | ) | (1.00 | ) | — | (1.51 | ) | (0.18 | ) | 31.84 | 4.24 | 263,579 | 0.67 | 0.67 | 1.21 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 29.60 | 0.50 | — | 2.56 | 3.06 | (0.39 | ) | (0.10 | ) | — | (0.49 | ) | 2.57 | 32.17 | 10.39 | 1,973,470 | 0.44 | 0.44 | 1.60 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 29.49 | 0.44 | — | 2.53 | 2.97 | (0.34 | ) | (0.10 | ) | — | (0.44 | ) | 2.53 | 32.02 | 10.12 | 252,959 | 0.69 | 0.69 | 1.35 | — |
(a) | Information presented relates to a share outstanding throughout the indicated period. | |
(b) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(c) | Ratios do not reflect reductions for fees paid indirectly. Please see Fees Paid Indirectly in the Notes to Financial Statements. | |
(d) | Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between the classes of shares issued. | |
(e) | Not annualized. | |
(f) | Annualized. | |
(g) | Total return without the inclusion of the Payment from Affiliate, as noted on the Statement of Operations, can be found in Expenses in the accompanying Notes to Financial Statements. |
19
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Fund can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
20
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited) — (continued)
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007-2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005-2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001-2007.
21
Table of Contents
Hartford Series Fund, Inc.
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
22
Table of Contents
Hartford Index HLS Fund
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs(in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Hartford Index HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,029.83 | $ | 1.71 | $ | 1,000.00 | $ | 1022.08 | $ | 1.70 | 0.34 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,029.41 | $ | 2.96 | $ | 1,000.00 | $ | 1021.86 | $ | 2.95 | 0.59 | % | 181 | 365 | |||||||||||||||||||||
23
Table of Contents
Hartford Series Fund, Inc. Semi-Annual Report June 30, 2009 | ![]() | |
|
• Manager Discussions
• Financials
![(THE HARTFORD LOGO)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1hartford.gif)
Table of Contents
Table of Contents
Hartford Advisers HLS Fund inception 3/31/1983
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689102.gif)
Barclays Capital Government/Credit Bond Index is an unmanaged index comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. The 1-3 Year Government/Credit Index includes securities in the 1-3 year maturity range in the Government/Credit Index.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks maximum long-term total return.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Advisers IA | -17.20 | % | -0.55 | % | -0.16 | % | ||||||
Advisers IB | -17.41 | % | -0.80 | % | -0.39 | % | ||||||
Barclays Capital Government /Credit Bond Index | 5.26 | % | 4.80 | % | 5.95 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||||||
Steven T. Irons, CFA | John C. Keogh | Peter I. Higgins, CFA | Christopher L. Gootkind, CFA | |||
Senior Vice President, Partner | Senior Vice President, Partner | Senior Vice President | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Advisers Fund returned 9.60%, for the six-month period ended June 30, 2009, versus the returns of 3.16% for the S&P 500 Index, 0.55% for the Barclays Capital Government/Credit Bond Index and 5.94% for the average fund in the Lipper Mixed-Asset Target Allocation Growth VP-UF Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead year-to-date at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Federal government stimulus continued with the passing of the $787 billion stimulus package, release of the remaining Troubled Asset Relief Program (TARP) funds, launch and expansion of the Term Asset-Backed Securities Loan Facility (TALF), and introduction of the Public-Private Investment Program (PPIP). Financial institutions regained access to unsecured credit and equity markets and raised capital following positive earnings surprises in the banking sector and better-than-anticipated stress test results. The improvement in risk appetite, combined with growing concerns over the supply
1 |
Table of Contents
of debt necessary to finance the myriad of government programs, drove Treasury yields higher during the period.
Equity markets as measured by the S&P 500 Index returned 3.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+14%) and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses. The bond market, as measured by the Barclays Capital Government/Credit Bond Index, returned +0.6% during the period. All risk segments of the fixed income market outperformed duration-equivalent Treasuries for the period.
The Fund has three primary levers to generate investment performance: equity investments, fixed income investments, and asset allocation among stocks, bonds, and cash. During the period, the equity portion and the fixed income portion of the Fund both outperformed their respective benchmarks. Asset allocation did not meaningfully impact the Fund’s performance during the period, although the Fund was generally overweight (i.e. the Fund’s sector position was greater than the benchmark position) equities relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark.
Equity outperformance versus its benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative performance due to overweight exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Health Care, Utilities, and Telecommunication Services.
Top contributors to relative performance of the equity portion of the Fund during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after the company received a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. Petrol Brasileiros also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the equity portion of the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of U.S. bank Wells Fargo fell early in the period amid concerns over their acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that they might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
The fixed income portion of the Fund outperformed its benchmark for the six month period ended June 30, 2009. The Fund’s allocations to agency mortgage-backed securities (MBS), non-agency MBS, and consumer asset-backed securities (ABS), an overweight to the corporate bond sector, and security selection within the corporate bond sector were all additive to relative results. Modestly detracting from performance was the Fund’s allocation to commercial mortgage-backed securities (CMBS). In February and March we exited the Fund’s last remaining CMBS positions. During the six-month period, the initiation and expansion of the Fed’s purchase program for agency MBS led to material spread tightening (i.e. short and long term interest rates moving closer together) and the outperformance of this sector. Improved liquidity and the expansion of TALF/PPIP to include non-agency MBS that were AAA-rated at origination resulted in the outperformance of these assets as well. Consumer ABS, including credit card and auto deals, outperformed as banks took actions to support their credit card trusts and TALF-related demand grew. The Fund’s allocations to these sectors were positive contributors to performance. An overweight to corporate bonds was also additive. In addition the Fund was positioned with an overweight to corporate debt issued by financial institutions, including banks, insurance companies, and REITS. Better-than-expected earnings and stress test results for the banks, the extension of TARP capital to insurance companies, and successful capital raises for financial institutions all led to the outperformance of financial issuers.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits.
2 |
Table of Contents
In the midst of this uncertainty, we continue to focus our efforts in the equity portion of the Fund on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
From a fixed income perspective, we believe that signs of a turn in the economy are emerging and that the risks of a severe and prolonged global recession have diminished. Government intervention continues to reduce systemic risk; however, a sluggish housing market and weak employment will remain headwinds. We believe the Fed will maintain its low rate policy and have positioned the Fund with a neutral duration (i.e. a measure of interest-rate sensitivity) posture. Treasury valuations continue to be unattractive and the Fund is positioned with an underweight to the government sector. In the corporate bond market, we believe that default levels implied by pricing are too high and that valuations are attractive. In addition, technical demand trends are also positive. The Fund is positioned with an overweight to the corporate bond sector. Government initiatives continue to focus on the mortgage sector and we maintain a favorable outlook and modest allocation to agency MBS. Lastly, we believe that consumer ABS will be supported by TALF-related demand. The Fund’s exposure consists primarily of senior classes of consumer ABS including credit card and auto deals.
The equity and fixed income managers will continue to work collaboratively to make decisions regarding portfolio weights in stocks, bonds, and cash. As of June 30, 2009, the Fund’s equity exposure was at 67% compared to 60% in its benchmark and at the upper end of the Fund’s 50-70% range.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.3 | % | ||
Banks | 2.4 | |||
Capital Goods | 5.2 | |||
Consumer Cyclical | 0.5 | |||
Consumer Staples | 0.6 | |||
Diversified Financials | 8.1 | |||
Energy | 9.9 | |||
Finance | 9.8 | |||
Food & Staples Retailing | 2.0 | |||
Food, Beverage & Tobacco | 3.9 | |||
General Obligations | 0.3 | |||
Health Care | 0.5 | |||
Health Care Equipment & Services | 2.1 | |||
Household & Personal Products | 0.6 | |||
Insurance | 0.7 | |||
Materials | 0.9 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 6.1 | |||
Real Estate | 0.0 | |||
Retailing | 4.2 | |||
Semiconductors & Semiconductor Equipment | 2.2 | |||
Services | 0.3 | |||
Software & Services | 4.5 | |||
Technology | 1.2 | |||
Technology Hardware & Equipment | 7.0 | |||
Telecommunication Services | 0.8 | |||
Transportation | 2.5 | |||
U.S. Government Agencies | 2.4 | |||
U.S. Government Securities | 11.2 | |||
Utilities | 3.0 | |||
Short-Term Investments | 4.1 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 1.0 | % | ||
Common Stocks | 66.7 | |||
Corporate Bonds: Investment Grade | 13.9 | |||
Corporate Bonds: Non-Investment Grade | 0.1 | |||
Municipal Bonds | 0.4 | |||
U.S. Government Agencies | 2.4 | |||
U.S. Government Securities | 11.2 | |||
Warrants | 0.0 | |||
Short-Term Investments | 4.1 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
3 |
Table of Contents
Hartford Capital Appreciation HLS Fund inception 4/2/1984
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689103.gif)
Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Capital Appreciation IA | -30.94 | % | 1.80 | % | 5.26 | % | ||||||
Capital Appreciation IB | -31.12 | % | 1.55 | % | 5.02 | % | ||||||
Russell 3000 Index | -26.56 | % | -1.84 | % | -1.46 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||||||
Saul J. Pannell, CFA | Mario E. Abularach, CFA, CMT | Jeffrey L. Kripke | David W. Palmer, CFA | |||
Senior Vice President, Partner | Vice President | Vice President | Vice President | |||
Nicolas M. Choumenkovitch | Peter I. Higgins, CFA | Paul E. Marrkand, CFA | ||||
Senior Vice President | Senior Vice President | Senior Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Capital Appreciation HLS Fund returned 15.49% for the six-month period ended June 30, 2009, outperforming its benchmark, the Russell 3000 Index, which returned 4.19% for the same period. The Fund also outperformed the 6.83% return of the average fund in the Lipper Multi-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Broad U.S. equity markets rose slightly during the period, but this overall performance masks two significantly different market environments. From the beginning of November through early March, stocks fell sharply reflecting deepening economic worries and concerns over the U.S. government’s increasing involvement in the economy. From early March through June, stocks rallied as investors came to believe that a Depression-like scenario was less likely. Equity markets as measured by the Russell 3000 Index returned 4.2% during the period, although returns to sectors within the index varied widely. Information Technology (+25%), Materials (+15%), and Consumer Discretionary (+13%) posted the largest gains. Financials (-6%), Industrials (-5%), and Telecommunication Services (-2%) experienced the largest losses.
The Fund outperformed its benchmark primarily due to stock selection. Selection was strongest in Energy, Financials, Consumer Discretionary, and Health Care, and weakest in Industrials, Telecommunication Services, and Utilities. Allocation among sectors, a result of the bottom-up stock selection process, also aided relative (i.e. performance of the Fund as measured against the benchmark) performance, largely due to an underweight (i.e. the Fund’s sector position was less than the benchmark position) position in Consumer Staples.
4 |
Table of Contents
Ford (Consumer Discretionary), Goldman Sachs (Financials), and Schering-Plough (Health Care) were among the top contributors to relative and absolute (i.e. total return) returns. Shares of automobile and truck manufacturer Ford rose as the firm reported sequential sales improvements and as the GM bankruptcy filing was viewed as a positive for the company. Shares in U.S. bank holding company and investment bank Goldman Sachs rose due in part to high levels of new stock offerings for underwriters. Shares of Schering-Plough, a global health care company with pharmaceutical, animal health, and consumer products, jumped after it announced a definitive merger agreement with Merck.
The largest detractors from relative returns were ACE (Financials), Apple (Information Technology), Citigroup (Financials), and Delta Airlines (Industrials). Shares of worldwide property and casualty insurance and reinsurance provider ACE fell on concerns about the impact of various government programs on the firm and falling book value. Being underweight consumer electronics company Apple also detracted from benchmark-relative returns. Apple’s share price rose due to expectations of higher earnings estimates from the new iPhone launch and a lower price point on the existing iPhone. Shares of global financial services firm Citigroup fell as fears mounted that the company would require additional capital from the government. Shares in Delta Airlines fell amid a weak economic environment and lower passenger traffic and revenues. Industrial and financial conglomerate General Electric was also a top detractor from absolute results.
What is the outlook?
It is increasingly clear that the U.S. is in a deep recession, notwithstanding the second quarter’s stock market rally. Unemployment is rising sharply, the housing slowdown continues, and the consumer is contracting. The government is reshaping the financial playing field through actions ranging from stimulus packages to massive loans to impaired private sector companies, all taken with an eye towards thawing frozen credit markets and expanding purchasing power. These moves will help mitigate some of the negative economic pressures, and while the outlook remains uncertain, markets have begun to anticipate a recovery.
In this environment we continue to focus our efforts on stock-by-stock fundamental research. These bottom-up investment decisions have resulted in overweight (i.e. the Fund’s sector position was greater than the benchmark position) positions in the Health Care, Consumer Discretionary, and Financials sectors and underweight exposures to Consumer Staples, Utilities, and Telecommunication Services relative to the Russell 3000 Index. The Fund’s largest absolute positions were in the Health Care, Information Technology, and Financials sectors.
As of June 30, 2009, Saul Pannell managed approximately 56% of the Fund’s net assets.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 2.9 | % | ||
Banks | 4.0 | |||
Capital Goods | 7.0 | |||
Commercial & Professional Services | 0.2 | |||
Consumer Durables & Apparel | 1.1 | |||
Consumer Services | 1.2 | |||
Diversified Financials | 7.5 | |||
Energy | 12.3 | |||
Finance | 0.5 | |||
Food & Staples Retailing | 0.5 | |||
Food, Beverage & Tobacco | 2.0 | |||
Health Care Equipment & Services | 6.7 | |||
Household & Personal Products | 0.5 | |||
Insurance | 3.8 | |||
Materials | 5.1 | |||
Media | 2.7 | |||
Other Investment Pools and Funds | 0.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 12.6 | |||
Real Estate | 0.7 | |||
Retailing | 3.9 | |||
Semiconductors & Semiconductor Equipment | 1.6 | |||
Software & Services | 6.8 | |||
Technology | 0.0 | |||
Technology Hardware & Equipment | 9.6 | |||
Telecommunication Services | 1.9 | |||
Transportation | 1.9 | |||
Utilities | 0.8 | |||
Short-Term Investments | 1.8 | |||
Other Assets and Liabilities | (0.1 | ) | ||
Total | 100.0 | % | ||
5 |
Table of Contents
Hartford Dividend and Growth HLS Fund inception 3/9/1994
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689104.gif)
Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values.
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks a high level of current income consistent with growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Dividend and Growth IA | -23.75 | % | 0.96 | % | 2.05 | % | ||||||
Dividend and Growth IB | -23.94 | % | 0.70 | % | 1.82 | % | ||||||
Russell 1000 Value Index | -29.03 | % | -2.13 | % | -0.15 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Edward P. Bousa, CFA
Senior Vice President, Partner
Senior Vice President, Partner
How did the Fund perform?
The Class IA shares of the Hartford Dividend and Growth HLS Fund returned 2.70% for the six-month period ended June 30, 2009, underperforming its benchmark, the S&P 500 Index, which returned 3.16% for the same period. The Fund outperformed the 0.30% return of the average fund in the Lipper Equity Income VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. Overall equity market performance was positive for the period across all market capitalizations. Mid cap stocks (+8.5%) outperformed large caps (+3.2%) and small caps +(2.6%), as represented by the S&P 400 MidCap, S&P 500, and Russell 2000 indices respectively. Four of the ten broad sectors within the S&P 500 Index posted positive returns led by Information Technology (+25%) and Materials (+14%). The worst performing sectors were Industrials (-6%) and Telecommunication Services (-4%).
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the S&P 500 Index was due to sector allocation. Specifically, our underweight (i.e. the Fund’s sector position was less than the benchmark position) allocations to the strong-performing Information Technology and Consumer Discretionary sectors and our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in the weaker performing Energy sector detracted. Favorable stock selection in Health Care, Energy, and Financials, more than offset weaker stock selection in the Information Technology and Telecommunication Services sectors.
Detractors from benchmark-relative performance included Apple (Information Technology), Bank of America (Financials), and Capital One (Financials). Consumer electronics company Apple performed well during the period despite slowing consumer
6 |
Table of Contents
trends. The Fund did not hold shares in the company which hurt relative performance, as did not holding shares in Google and QUALCOMM. Shares of diversified banking company Bank of America fell significantly on weakness in their consumer-oriented loan portfolio and due to difficulties surrounding their acquisition of Merrill Lynch. Capital One, a diversified banking company with credit card, automobile, and commercial lending operations, announced disappointing quarterly results and forecast higher credit losses in 2009. The market for Financials has been difficult, especially for credit card stocks, which faced heightened regulatory scrutiny over rates, fees, and credit lines. We exited our position in Capital One during the period. General Electric (Industrials) was among the top detractors from absolute (i.e. total return) performance.
The Fund’s top contributors to benchmark-relative performance during the period were Schering-Plough (Health Care), Wells Fargo (Financials), and Exxon Mobil (Energy). Pharmaceutical company Schering-Plough benefited from a takeout offer by Merck, driving the share price higher. As shares of U.S. bank Wells Fargo declined throughout late 2008 and early 2009, we were able to purchase the stock at attractive prices. Our underweight position in benchmark component Exxon Mobil contributed to relative performance, as shares of this global integrated oil company fell in response to declining oil prices amid economic weakness. IBM (Information Technology) and Morgan Stanley (Financials) were top among the contributors to absolute performance.
What is the outlook?
We see encouraging economic green shoots globally and expect to see the beginnings of a fairly synchronized global recovery later this year. We believe Asia will likely lead the upturn, spurred by aggressive policies implemented in China. Looking out into 2010, we are worried that there will be renewed cyclical setbacks caused by financial sector and household de-leveraging in the U.S. and Europe, as well as fading policy stimulus. We expect inflation to remain in check over this time period, though uncertainty over the inflationary consequences of the existing large monetary overhang will linger.
Our investment discipline is focused on investing in areas of strong demand and avoiding areas of oversupply. At the end of the period Energy remained our largest overweight in the Fund. The sector remains attractive based upon restricted supply at lower prices and a possible global economic rebound. Financials, still a challenging area, started to stabilize during the quarter and we are now overweight the sector. We maintained our underweight to Consumer Staples, where valuations have become stretched as investors have sought defensive stocks in a down market.
At the end of the period, our largest overweights were to the Energy, Financials, and Industrials sectors, while we remained underweight the Information Technology, Consumer Discretionary, and Consumer Staples sectors.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.4 | % | ||
Banks | 4.4 | |||
Capital Goods | 8.6 | |||
Commercial & Professional Services | 1.6 | |||
Diversified Financials | 6.3 | |||
Energy | 17.1 | |||
Food & Staples Retailing | 1.8 | |||
Food, Beverage & Tobacco | 5.0 | |||
Health Care Equipment & Services | 3.6 | |||
Household & Personal Products | 2.3 | |||
Insurance | 5.1 | |||
Materials | 3.6 | |||
Media | 2.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 12.2 | |||
Retailing | 2.1 | |||
Semiconductors & Semiconductor Equipment | 0.8 | |||
Software & Services | 3.4 | |||
Technology Hardware & Equipment | 5.7 | |||
Telecommunication Services | 5.1 | |||
Transportation | 1.4 | |||
Utilities | 5.8 | |||
Short-Term Investments | 1.2 | |||
Other Assets and Liabilities | — | |||
Total | 100.0 | % | ||
7 |
Table of Contents
Hartford International Opportunities HLS Fund inception 7/2/1990
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689105.gif)
MSCI AC (All Country) World Free ex U.S. Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
International Opportunities IA | -29.77 | % | 5.00 | % | 2.19 | % | ||||||
International Opportunities IB | -29.95 | % | 4.73 | % | 1.96 | % | ||||||
MSCI AC (All Country) World Free ex U.S. Index | -30.54 | % | 4.95 | % | 2.94 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nicolas M. Choumenkovitch
Senior Vice President and Partner
Senior Vice President and Partner
How did the Fund perform?
The Class IA shares of the Hartford International Opportunities HLS Fund returned 7.88% for the six-month period ended June 30, 2009, underperforming its benchmark, the MSCI All Country World Free ex U.S. Index, which returned 14.35% for the same period. The Fund outperformed the 7.56% return of the average fund in the Lipper International Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. The global equity market performance was positive for the period, as measured by the MSCI All Country World Free ex-U.S. index. Eight of ten sectors within the index rose with Materials, Energy, and Information Technology leading the way. Utilities and Health Care declined during the period.
The Fund’s underperformance relative (i.e. performance of the Fund as measured against the benchmark) to the benchmark was primarily due to weak stock selection within Industrials, Financials and Energy which overshadowed strong positive stock selection within Materials. Sector allocation, a result of bottom-up stock selection, was modestly negative. The Fund’s overweights (i.e. the Fund’s sector position was greater than the benchmark position) to Telecommunication Services and Health Care and our underweights (i.e. the Fund’s sector position was less than the benchmark position) to Materials and Consumer Discretionary detracted from relative returns.
The top detractors from relative performance during the period included UBS (Financials), National Grid (Utilities) and East Japan Railway (Industrials). Shares of Swiss-based financial services provider UBS declined during the period following a larger-than-expected quarterly earnings loss and legal entanglement with the U.S. and Swiss governments. Shares of National Grid, a U.K. and U.S. transmission and distribution utility, declined due to economic weakness and concerns over the company’s ability to refinance its debt. Shares of East Japan Railway declined with a reduction in volumes, especially higher yielding business traffic, which is negatively affecting profitability. Other detractors from absolute (i.e. total return) returns included France Telecom
8 |
Table of Contents
(Telecommunication Services) and Nippon Telephone & Telegraph (Telecommunication Services).
Top contributors to relative performance during the period included Rio Tinto (Materials), Toronto-Dominion Bank (Financials) and ING Groep (Financials). Shares of diversified mining company Rio Tinto benefited from rising copper prices and the company’s reduced balance sheet risk following the recently proposed funding deal with Aluminum Corporation of China (CHINALCO). Shares of Toronto-Dominion, a Canadian-based bank with significant U.S. operations, rose after the company beat consensus expectations citing better-than-expected net interest income and trading profits. Shares of ING Groep, a Netherlands-based global banking, investments and insurance company, rose after the company announced plans to reduce risk by selling certain operations, refocus its bank on Europe, and manage its banking and insurance operations separately. Additional contributors to absolute returns included Impala Platinum (Materials).
What is the outlook?
Earlier this year, we believed that the market was undervaluing companies with relatively predictable cash flows. This insight was reflected in higher portfolio weights in Health Care and Telecom Services where we were able to find well managed companies with high free cash flow yields or strong future growth prospects at compelling valuations. We recently began to reduce our overweight in Health Care following M&A (Mergers & Acquisitions) activity and strong sector performance which reduced valuation upside. We have recently built a larger position in Financials after having been cautious on the sector since 2006. We are finding a range of attractively valued opportunities in the sector.
At a macro level, we expect some possibility for economic recovery in late 2009 if we see continued coordinated monetary policy and additional U.S. stimulus. On a longer term view, we believe the uncertainty remains and we could see one of three possible scenarios with very different outcomes: 1) improvement in the credit environment — which would benefit Financials and leveraged companies; 2) reflation — which would favor cyclicals and emerging market companies; or 3) deflation - - which would favor companies with stable EPS and strong balance sheets. We continue to approach opportunities on a stock-by-stock basis and to find attractive opportunities but have been mindful in constructing a portfolio which is not too heavily weighted to any one economic scenario.
Regional weights continue to reflect bottom up (i.e. stock by stock fundamental research) stock selection. During the period we increased positions in emerging markets. Japan has structural issues in our view, and management there often lacks a focus on shareholder returns. As a result, the region continues to be a poor fit with our focus on companies with high or improving returns on capital. We ended the period most underweight Utilities, Information Technology and Energy and most overweight Financials, Consumer Staples, and Health Care relative to the benchmark.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.4 | % | ||
Banks | 15.6 | |||
Capital Goods | 4.5 | |||
Commercial & Professional Services | 0.6 | |||
Consumer Durables & Apparel | 1.6 | |||
Consumer Services | 1.0 | |||
Diversified Financials | 4.8 | |||
Energy | 9.8 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 7.3 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 1.0 | |||
Insurance | 0.9 | |||
Materials | 9.7 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 2.8 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.8 | |||
Real Estate | 3.3 | |||
Retailing | 1.3 | |||
Semiconductors & Semiconductor Equipment | 0.9 | |||
Software & Services | 1.6 | |||
Technology Hardware & Equipment | 2.3 | |||
Telecommunication Services | 6.6 | |||
Transportation | 5.0 | |||
Utilities | 3.4 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
Diversification by Country
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Country | Net Assets | |||
Australia | 1.4 | % | ||
Belgium | 0.6 | |||
Brazil | 2.5 | |||
Canada | 5.9 | |||
China | 2.5 | |||
Denmark | 0.5 | |||
France | 6.2 | |||
Germany | 7.3 | |||
Greece | 1.1 | |||
Hong Kong | 4.8 | |||
Ireland | 2.6 | |||
Israel | 2.3 | |||
Japan | 12.5 | |||
Mexico | 0.8 | |||
Netherlands | 2.6 | |||
Russia | 0.9 | |||
South Africa | 2.0 | |||
South Korea | 0.9 | |||
Spain | 4.8 | |||
Switzerland | 7.5 | |||
Taiwan | 1.1 | |||
United Kingdom | 22.9 | |||
United States | 3.1 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
9 |
Table of Contents
Hartford Small Company HLS Fund inception 8/9/1996
(subadvised by: Wellington Management Company, LLP
Hartford Investment Management Company)
Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689106.gif)
Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values.
Investment goal — Seeks growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Small Company IA | -30.35 | % | 1.09 | % | 1.94 | % | ||||||
Small Company IB | -30.50 | % | 0.85 | % | 1.71 | % | ||||||
Russell 2000 Growth Index | -24.85 | % | -1.32 | % | -0.89 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Class IB shares commenced on May 1, 2002. Class IB share performance prior to that date reflects Class IA share performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB share performance. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers | ||||||||
Wellington Management Company, LLP | Hartford Investment Management Company | |||||||
Steven C. Angeli, CFA | Stephen Mortimer | Mario E. Abularach, CFA, CMT | Hugh Whelan, CFA | Kurt Cubbage, CFA | ||||
Senior Vice President, Partner | Senior Vice President | Vice President | Managing Director | Vice President |
How did the Fund perform?
The Class IA shares of the Hartford Small Company HLS Fund returned 5.23% for the six-month period ended June 30, 2009, underperforming its benchmark, the Russell 2000 Growth Index which returned 11.36% for the same period. The Fund underperformed the 11.17% return of the average fund in the Lipper Small Cap Growth VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
The six-month period ended June 30, 2009 was one of the most volatile in history, reflecting investors’ fluctuating reactions to economic data releases and the U.S. government’s involvement to help mitigate the financial crisis. In this environment, small cap, mid cap and large cap stocks all rose during the period, as measured by the Russell 2000 (2.6%), S&P MidCap 400(8.5%) and S&P 500 (3.2%) indices, respectively. Eight of ten sectors within the Russell 2000 Growth Index rose during the period. Information Technology (30%) and Consumer Discretionary (24%) were the strongest performing sectors while Industrials (-4%) and Financials (-4%) declined.
The Fund underperformed its benchmark during the period primarily due to weak stock selection within Consumer Discretionary and Health Care. Sector allocation helped benchmark-relative (i.e. performance of the Fund as measured against the benchmark) performance. Specifically, our overweight (i.e. the Fund’s sector position was greater than the benchmark position) position in Consumer Discretionary and an underweight (i.e. the Fund’s sector position was less than the benchmark position) in Energy contributed to returns. Stock selection in Financials also helped relative performance during the period.
Stocks that detracted the most from relative returns during the period included Corinthian Colleges (Consumer Discretionary), Dendreon (Health Care), and Covanta (Industrials). Corinthian Colleges, a post-secondary education services company with operations in the United States and Canada, was a new position during the period. Shares of the company fell together with other education stocks due to regulatory worries. Shares of Seattle-based biotechnology company Dendreon rose significantly
10 |
Table of Contents
following the company’s announcement that data from their advanced prostate cancer drug Provenge demonstrated the ability to prolong survival in men versus the placebo. We did not own the stock which detracted from our benchmark-relative returns. Waste management company Covanta’s shares declined following company management’s announcement of its 2009 outlook which revealed a higher degree of economic sensitivity than investors originally expected. Significant detractors from absolute (i.e. total return) returns also included Smithfield Foods (Consumer Staples) and Vaalco Energy (Energy).
Top contributors to relative and absolute performance during the period included ON Semiconductor (Information Technology), SeaGate Technology (Information Technology) and Jarden (Consumer Discretionary). Shares of ON Semiconductor, a global supplier of semiconductors and component devices, increased during the period due to stabilizing business trends and continued progression in order activity which appeared to indicate a bottoming in the semiconductor cycle. Shares of disk-drive manufacturer SeaGate Technology gained value after the company raised the revenue outlook for fourth quarter of 2009 and predicted a stronger-than-expected recovery in global disk drive demand. Shares of Jarden, a consumer products company with a diversified portfolio of niche brands, increased as the company’s earnings exceeded expectations due to better-than-expected sales, solid revenues, and working capital improvements.
What is the outlook?
We are in a period of tremendous uncertainty, which has undermined confidence and with it, stock prices. At the same time stimulus programs are rapidly advancing from the idea stage to actual funding. And while credit markets remain tight, they are beginning to show signs of healing.
The Fund focuses on stock selection as the key driver of returns and uses proprietary fundamental and quantitative research to build a portfolio of the most attractive stocks that we see as having unique business models or special market opportunities that should allow them to deliver superior growth. The Fund was overweight in Consumer Discretionary and Consumer Staples relative to the Russell 2000 Growth Index at the end of the period. The Fund ended the period most underweight Health Care and Industrials.
At June 30, 2009, 53% of the Fund’s assets were managed by Wellington Management Company and 47% of the assets were managed by Hartford Investment Management Company.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.0 | % | ||
Banks | 1.1 | |||
Capital Goods | 8.0 | |||
Commercial & Professional Services | 2.6 | |||
Consumer Durables & Apparel | 5.4 | |||
Consumer Services | 7.3 | |||
Diversified Financials | 1.4 | |||
Energy | 3.7 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 1.5 | |||
Health Care Equipment & Services | 12.5 | |||
Household & Personal Products | 1.4 | |||
Insurance | 1.4 | |||
Materials | 2.3 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 1.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 8.6 | |||
Real Estate | 1.0 | |||
Retailing | 4.3 | |||
Semiconductors & Semiconductor Equipment | 4.1 | |||
Software & Services | 14.7 | |||
Technology | 0.0 | |||
Technology Hardware & Equipment | 7.9 | |||
Telecommunication Services | 1.8 | |||
Transportation | 2.2 | |||
Utilities | 0.4 | |||
Short-Term Investments | 2.4 | |||
Other Assets and Liabilities | 0.1 | |||
Total | 100.0 | % | ||
11 |
Table of Contents
Hartford Stock HLS Fund inception 8/31/1977
(subadvised by Wellington Management Company, LLP)
(subadvised by Wellington Management Company, LLP)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689107.gif)
S&P 500 Index is a market capitalization weighted price index composed of 500 widely held common stocks.
Investment goal — Seeks long-term growth of capital.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Stock IA | -25.63 | % | -2.77 | % | -3.07 | % | ||||||
Stock IB | -25.81 | % | -3.01 | % | -3.29 | % | ||||||
S&P 500 Index | -26.21 | % | -2.24 | % | -2.22 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Managers
Steven T. Irons, CFA | Peter I. Higgins, CFA | |
Senior Vice President, Partner | Senior Vice President, Partner |
How did the Fund perform?
The Class IA shares of the Hartford Stock HLS Fund returned 12.10% for the six-month period ended June 30, 2009, outperforming its benchmark, the S&P 500 Index which returned 3.16% for the same period. The Fund also outperformed the 5.23% return of the average fund in the Lipper Large-Cap Core VP-UF Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
After registering its sixth straight quarterly decline in the first quarter of 2009, the broad U.S. equity market (as measured by the S&P 500 Index), rose sharply during the second quarter, recouping losses from earlier in the year to finish ahead at the end of June. Investors shook off fears created by the volatility in the markets earlier in the period and interpreted a slowdown in the pace of economic decline as a sign that a bottoming process for the global economy had begun, reacting positively to the responsiveness of many companies in trimming cost structures and realigning operations to meet a softer demand outlook. Many larger banks, brokerage firms, and real estate companies successfully launched capital raises, shoring up balance sheets and investor confidence.
Mid cap stocks (+8.5%) outperformed large (+3.2%) and small (+2.6%) cap stocks during the period, as measured by the S&P MidCap 400, S&P 500, and Russell 2000 indices, respectively. Growth (+11.5%) stocks significantly outperformed Value (-2.9%) stocks, as measured by the Russell 1000 Growth and Russell 1000 Value indices. Within the S&P 500, the Information Technology (+25%), Materials (+14%), and Consumer Discretionary (+9%) posted the largest gains. Industrials (-6%), Telecommunication Services (-4%), and Financials (-3%) experienced the largest losses.
The Fund’s outperformance versus the benchmark was driven by security selection, which was strongest in Energy, Financials, Health Care, and Information Technology. Sector positioning, which is a result of bottom-up security selection, also contributed to relative (i.e. performance of the Fund as measured against the benchmark) performance due to overweight (i.e. the Fund’s sector position was greater than the benchmark position) exposures to Information Technology and Consumer Discretionary, and underweight (i.e. the Fund’s sector position was less than the benchmark position) exposures to Utilities and Telecommunication Services.
12 |
Table of Contents
Top contributors to relative performance during the period were Goldman Sachs (Financials), Schering-Plough (Health Care) and Petrol Brasileiros (Energy). Shares of Goldman Sachs, a leading investment bank, benefited from the firm’s relatively healthy balance sheet and news that the company was exploring ways to pay back its government TARP loans sooner than had been expected. Schering-Plough’s share price jumped after receiving a takeout offer by Merck. Brazil-based oil and gas exploration and production company Petrol Brasileiros reported solid results aided by reduced exploration and production lifting costs and strong refining and downstream earnings, driving shares higher. They also benefited from the overall improvement in the global economy which led to capital flows back into emerging market companies. The Fund’s holding in Apple (Information Technology) also contributed positively to the Fund’s returns on an absolute (i.e. total return) basis.
Stocks that detracted the most from relative returns during the period were Delta Air Lines (Industrials), Wells Fargo (Financials), and Shionogi (Health Care). Delta Airlines’ shares fell during the period on news of soft revenue metrics and a general contraction in demand across the travel industry, which investors feared would overshadow the benefits of industry-wide capacity reductions. Shares of diversified financial services company Wells Fargo fell early in the period amid concerns over its acquisition of Wachovia, the potential impact of worsening credit trends, and the possibility that it might have to raise additional equity. Japan-based pharmaceutical company Shionogi’s third quarter domestic product sales were weaker than expected and its royalty income from international Crestor sales suffered due to the appreciating Yen. The combination of these two events forced Shionogi to lower their full-year earnings outlook, driving its stock price downward. Not owning IBM (Information Technology), whose shares outperformed as it reported better-than-expected earnings, negatively impacted relative performance. General Electric (Industrials) also detracted from absolute returns.
What is the outlook?
While investors have stopped worrying—for the moment—about the solvency of the banking system and the freezing of global credit, that concern has shifted to the implications of government involvement in private enterprise and the troubling trajectories of unemployment and corporate profits. In the midst of this uncertainty we continue to focus our efforts on stock-by-stock fundamental research to construct a diversified large-cap core portfolio. We look for companies that exhibit the following qualities: industry leadership, strong balance sheets, solid management, high return on equity, accelerating earnings, and/or attractive valuation with a catalyst. At the end of the period, our bottom-up investment approach resulted in overweight exposures in Financials, Information Technology, and Energy, as we found a number of attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the S&P 500 Index were in Consumer Staples, Telecommunication Services, and Materials.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 0.5 | % | ||
Banks | 3.7 | |||
Capital Goods | 7.6 | |||
Diversified Financials | 12.3 | |||
Energy | 14.0 | |||
Food & Staples Retailing | 2.9 | |||
Food, Beverage & Tobacco | 5.7 | |||
Health Care Equipment & Services | 3.0 | |||
Household & Personal Products | 0.8 | |||
Insurance | 1.0 | |||
Materials | 1.4 | |||
Media | 3.8 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 9.6 | |||
Real Estate | 0.0 | |||
Retailing | 6.1 | |||
Semiconductors & Semiconductor Equipment | 3.2 | |||
Software & Services | 6.9 | |||
Technology Hardware & Equipment | 10.4 | |||
Telecommunication Services | 1.2 | |||
Transportation | 3.0 | |||
Utilities | 2.4 | |||
Short-Term Investments | 0.3 | |||
Other Assets and Liabilities | 0.2 | |||
Total | 100.0 | % | ||
13 |
Table of Contents
Hartford Total Return Bond HLS Fund inception 8/31/1977
(subadvised by Hartford Investment Management Company)
(subadvised by Hartford Investment Management Company)
Performance Overview(1) 6/30/99 - 6/30/09
Growth of $10,000 investment
Growth of $10,000 investment
![(LINE CHART)](https://capedge.com/proxy/N-CSRS/0000950123-09-041346/b77113a1b7689108.gif)
Barclays Capital U.S. Aggregate Bond Index is an unmanaged index and is composed of securities from the Barclays Capital Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial Mortgage-Backed Securities Index.
Investment goal — Seeks a competitive total return, with income as a secondary objective.
Average Annual Returns(2) (as of 6/30/09)
1 Year | 5 Year | 10 Year | ||||||||||
Total Return Bond IA | -0.84 | % | 3.05 | % | 5.38 | % | ||||||
Total Return Bond IB | -1.09 | % | 2.80 | % | 5.14 | % | ||||||
Barclays Capital U.S. Aggregate Bond Index | 6.05 | % | 5.01 | % | 5.98 | % | ||||||
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) | Growth of a $10,000 investment in Class IB shares will vary from the results seen on this page due to differences in the expense charged to this share class. | |
(2) | Performance for the periods when fee waivers were in place would have been lower in the absence of the waivers. |
The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment. The chart and table do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.
You cannot invest directly in an index.
The chart represents a hypothetical investment in the Fund. Performance data represents past performance and current performance could be higher or lower.
Portfolio Manager
Nasri Toutoungi
Managing Director
Managing Director
How did the Fund perform?
The Class IA Shares of the Hartford Total Return Bond HLS Fund returned 7.03% for the six-month period ended June 30, 2009, outperforming its benchmark, the Barclays Capital U.S. Aggregate Bond Index, which returned 1.90%, and the Lipper Intermediate Investment Grade Debt VP-UF Funds category, a group of funds with investment strategies similar to those of the Fund, which returned 5.34%.
Why did the Fund perform this way?
The Fund was overweight versus the Investment Grade credit sector (i.e. the Fund’s sector position was greater than the benchmark position) over the period, and strong performance of financial and industrial issues in that sector helped to drive the Fund’s outperformance. Additionally, out of benchmark allocations to spread product (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries), such as high yield corporates and bank loans, contributed to performance as market demand for higher yielding assets increased over the period.
Being underweight versus the benchmark in U.S. government bonds and Mortgage Backed Securities (MBS) also benefited performance. For the six-month period ending June 30, 2009, the U.S. Treasury index returned -4.30%, while the U.S. Credit and U.S. High Yield indices returned 6.87% and 30.44% respectively.
The Fund also benefited from an allocation to high quality Commercial Mortgage Backed securities (CMBS), when the sector rallied on details of the Public-Private Investment Plan (PPIP) and Term Asset Backed Loan Facility (TALF) programs.
The Federal Open Market Committee (the Fed) continued to target the overnight Fed Funds rate at just above 0%. This accommodative policy kept short maturity Treasury yields low. The funding requirements of the government have grown with the introduction of additional stimulus programs, and excess supply concerns pushed longer maturity Treasury yields higher. This concern was partially offset with the announcement of outright Treasury purchasing by the Fed, but supply and demand imbalance uncertainty remained. Moreover, concerns of current
14 |
Table of Contents
stimulus leading to future inflation left many investment firms backing away from duration. As a result, the curve steepened year to date ending June 30, 2009 with the two-year Treasury yield increasing from 0.76% to 1.11% and the 30-year Treasury yield increasing from 2.67% to 4.33%. Duration (i.e. a measure of interest-rate sensitivity) was close to neutral through most of the first half of the year with tactical range positioning.
What is the outlook?
In the months following the collapse of Lehman Brothers, market participants of all types maneuvered defensively to cash positions in the face of great uncertainty. But investors who shunned the historically inexpensive credit risk at year end, found themselves clamoring for credit risk at significantly higher prices in the second quarter of 2009. Signs of economic “green shoots” continued as the Fed’s liquidity injections and the Treasury Department’s optimistic assessment of the banking system thinned the cloud of uncertainty hanging over the markets. The Fund entered the year overweight credit risk and added to that overweight throughout the first and second quarters of 2009. Although the position contributed positively to performance year-to-date, our affinity for credit risk is waning.
We do not expect the economy to make a V-shaped recovery. The Federal Reserve will likely keep the Fed Funds overnight rate close to zero through the rest of the year, possibly longer. This should help anchor the front end of the yield curve at lower rates. We expect that ten and thirty-year maturity yields will continue to be volatile. Record Treasury issuance, ebbing foreign central bank confidence and the potential for stimulus to ignite future inflation have pressured rates higher this year. That said, an economy operating well below its capacity is not likely to spark inflation, and without viable alternatives, the U.S. dollar remains the global reserve currency. In the long term, we see U.S. Treasury rates going higher. In the near term, long Treasuries should still benefit from periodic flights to quality.
Near term, we remain tactical in our exposure to interest rate changes and we have begun to take some corporate risk off the table. The potential for repricing of spread sectors (i.e. the additional compensation paid to investors in a given asset class relative to Treasuries) to cheaper levels is concerning, and we will likely continue to decrease our overweights and remain in higher quality issuers, as we have come to believe we are not yet in the last inning of this recession.
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Banks | 0.0 | % | ||
Basic Materials | 3.2 | |||
Capital Goods | 0.9 | |||
Consumer Cyclical | 1.8 | |||
Consumer Staples | 1.9 | |||
Energy | 4.4 | |||
Finance | 21.8 | |||
Foreign Governments | 2.3 | |||
General Obligations | 0.2 | |||
Health Care | 4.2 | |||
Services | 2.5 | |||
Tax Allocation | 0.0 | |||
Technology | 7.7 | |||
Telecommunication Services | 0.0 | |||
Transportation | 0.6 | |||
U.S. Government Agencies | 26.9 | |||
U.S. Government Securities | 11.2 | |||
Utilities | 4.8 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 2.3 | |||
Total | 100.0 | % | ||
Distribution by Security Type
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Category | Net Assets | |||
Asset & Commercial Mortgage Backed Securities | 10.2 | % | ||
Common Stocks | 0.0 | |||
Corporate Bonds: Investment Grade | 35.0 | |||
Corporate Bonds: Non-Investment Grade | 7.3 | |||
Municipal Bonds | 0.2 | |||
Preferred Stocks | 0.0 | |||
Senior Floating Rate Interests: Non-Investment Grade | 3.6 | |||
U.S. Government Agencies | 26.9 | |||
U.S. Government Securities | 11.2 | |||
Warrants | 0.0 | |||
Short-Term Investments | 3.3 | |||
Other Assets and Liabilities | 2.3 | |||
Total | 100.0 | % | ||
Distribution by Credit Quality
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Long Term | ||||
Rating | Holdings | |||
AAA | 50.1 | % | ||
AA | 8.0 | |||
A | 14.5 | |||
BBB | 15.2 | |||
BB | 8.3 | |||
B | 3.4 | |||
CCC | 0.5 | |||
Total | 100.0 | % | ||
15 |
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 66.7% | ||||||||||||
Automobiles & Components — 0.3% | ||||||||||||
2,196 | Ford Motor Co. (D) | $ | 13,330 | |||||||||
Banks — 2.4% | ||||||||||||
265 | PNC Financial Services Group, Inc. | 10,301 | ||||||||||
407 | Standard Chartered plc | 7,656 | ||||||||||
4,194 | Washington Mutual, Inc. Private Placement (H)(A) | 381 | ||||||||||
3,057 | Wells Fargo & Co. | 74,161 | ||||||||||
92,499 | ||||||||||||
Capital Goods — 5.1% | ||||||||||||
314 | Boeing Co. | 13,328 | ||||||||||
491 | Cummins, Inc. | 17,281 | ||||||||||
197 | Danaher Corp. | 12,144 | ||||||||||
410 | Deere & Co. | 16,375 | ||||||||||
2,747 | General Electric Co. | 32,199 | ||||||||||
853 | Honeywell International, Inc. | 26,781 | ||||||||||
745 | Illinois Tool Works, Inc. | 27,800 | ||||||||||
608 | Ingersoll-Rand Co. Class A | 12,697 | ||||||||||
265 | Lockheed Martin Corp. | 21,332 | ||||||||||
242 | Siemens AG ADR | 16,772 | ||||||||||
196,709 | ||||||||||||
Diversified Financials — 8.1% | ||||||||||||
1,011 | Ameriprise Financial, Inc. | 24,544 | ||||||||||
5,830 | Bank of America Corp. | 76,955 | ||||||||||
2,881 | Discover Financial Services, Inc. | 29,588 | ||||||||||
347 | Goldman Sachs Group, Inc. | 51,088 | ||||||||||
1,492 | Invesco Ltd. | 26,586 | ||||||||||
1,733 | JP Morgan Chase & Co. | 59,116 | ||||||||||
913 | UBS AG | 11,215 | ||||||||||
2,703 | UBS AG ADR | 33,007 | ||||||||||
312,099 | ||||||||||||
Energy — 9.6% | ||||||||||||
262 | BP plc ADR | 12,497 | ||||||||||
358 | Cameco Corp. | 9,173 | ||||||||||
131 | Chevron Corp. | 8,672 | ||||||||||
425 | EOG Resources, Inc. | 28,852 | ||||||||||
1,865 | Exxon Mobil Corp. | 130,347 | ||||||||||
574 | Hess Corp. | 30,853 | ||||||||||
521 | Marathon Oil Corp. | 15,701 | ||||||||||
873 | OAO Gazprom Class S ADR | 17,672 | ||||||||||
370 | Occidental Petroleum Corp. | 24,363 | ||||||||||
374 | Petro-Canada | 14,373 | ||||||||||
613 | Petroleo Brasileiro S.A. ADR | 25,121 | ||||||||||
666 | Schlumberger Ltd. | 36,048 | ||||||||||
590 | Suncor Energy, Inc. ADR | 17,888 | ||||||||||
371,560 | ||||||||||||
Food & Staples Retailing — 2.0% | ||||||||||||
771 | Kroger Co. | 16,992 | ||||||||||
1,013 | Safeway, Inc. | 20,641 | ||||||||||
246 | Supervalu, Inc. | 3,186 | ||||||||||
483 | Walgreen Co. | 14,197 | ||||||||||
448 | Wal-Mart Stores, Inc. | 21,716 | ||||||||||
76,732 | ||||||||||||
Food, Beverage & Tobacco — 3.9% | ||||||||||||
741 | General Mills, Inc. | 41,528 | ||||||||||
1,454 | PepsiCo, Inc. | 79,890 | ||||||||||
1,141 | Unilever N.V. NY Shares ADR | 27,589 | ||||||||||
149,007 | ||||||||||||
Health Care Equipment & Services — 2.1% | ||||||||||||
85 | Intuitive Surgical, Inc. (D) | 13,960 | ||||||||||
1,185 | Medtronic, Inc. | 41,358 | ||||||||||
387 | Varian Medical Systems, Inc. (D) | 13,582 | ||||||||||
290 | Zimmer Holdings, Inc. (D) | 12,337 | ||||||||||
81,237 | ||||||||||||
Household & Personal Products — 0.6% | ||||||||||||
452 | Procter & Gamble Co. | 23,113 | ||||||||||
Insurance — 0.7% | ||||||||||||
328 | ACE Ltd. | 14,505 | ||||||||||
596 | Marsh & McLennan Cos., Inc. | 11,996 | ||||||||||
26,501 | ||||||||||||
Materials — 0.9% | ||||||||||||
617 | Cliff’s Natural Resources, Inc. | 15,098 | ||||||||||
207 | Potash Corp. of Saskatchewan, Inc. | 19,215 | ||||||||||
34,313 | ||||||||||||
Media — 2.5% | ||||||||||||
3,861 | Comcast Corp. Class A | 55,946 | ||||||||||
522 | Time Warner, Inc. | 13,154 | ||||||||||
1,183 | Viacom, Inc. Class B (D) | 26,852 | ||||||||||
95,952 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 6.1% | ||||||||||||
755 | Abbott Laboratories | 35,496 | ||||||||||
888 | Daiichi Sankyo Co., Ltd. | 15,843 | ||||||||||
2,804 | Elan Corp. plc ADR (D) | 17,861 | ||||||||||
544 | Eli Lilly & Co. | 18,851 | ||||||||||
1,230 | Merck & Co., Inc. | 34,380 | ||||||||||
2,769 | Pfizer, Inc. | 41,532 | ||||||||||
576 | Schering-Plough Corp. | 14,474 | ||||||||||
1,297 | Shionogi & Co., Ltd. | 25,050 | ||||||||||
369 | UCB S.A. | 11,838 | ||||||||||
577 | Vertex Pharmaceuticals, Inc. (D) | 20,575 | ||||||||||
235,900 | ||||||||||||
Real Estate — 0.0% | ||||||||||||
2 | Simon Property Group, Inc. | 126 | ||||||||||
Retailing — 4.2% | ||||||||||||
354 | Best Buy Co., Inc. | 11,862 | ||||||||||
11,241 | Buck Holdings L.P. (H)(D)(A) | 13,354 | ||||||||||
737 | Kohl’s Corp. (D) | 31,490 | ||||||||||
1,926 | Lowe’s Co., Inc. | 37,384 | ||||||||||
652 | Nordstrom, Inc. | 12,968 | ||||||||||
1,634 | Staples, Inc. | 32,958 | ||||||||||
582 | Target Corp. | 22,984 | ||||||||||
163,000 | ||||||||||||
Semiconductors & Semiconductor Equipment — 2.2% | ||||||||||||
577 | Lam Research Corp. (D) | 15,010 | ||||||||||
2,406 | Maxim Integrated Products, Inc. | 37,756 | ||||||||||
1,471 | Texas Instruments, Inc. | 31,330 | ||||||||||
84,096 | ||||||||||||
Software & Services — 4.5% | ||||||||||||
799 | Accenture Ltd. Class A | 26,728 | ||||||||||
76 | Google, Inc. (D) | 32,083 | ||||||||||
3,014 | Microsoft Corp. | 71,647 | ||||||||||
589 | Oracle Corp. | 12,623 | ||||||||||
1,959 | Western Union Co. | 32,119 | ||||||||||
175,200 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
16
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Technology Hardware & Equipment — 7.0% | ||||||||||||
348 | Apple, Inc. (D) | $ | 49,537 | |||||||||
3,674 | Cisco Systems, Inc. (D) | 68,478 | ||||||||||
710 | Corning, Inc. | 11,396 | ||||||||||
2,851 | Flextronics International Ltd. (D) | 11,717 | ||||||||||
1,549 | Hewlett-Packard Co. | 59,869 | ||||||||||
1,080 | NetApp, Inc. (D) | 21,306 | ||||||||||
1,038 | Qualcomm, Inc. | 46,908 | ||||||||||
269,211 | ||||||||||||
Telecommunication Services — 0.8% | ||||||||||||
464 | AT&T, Inc. | 11,536 | ||||||||||
1,549 | MetroPCS Communications, Inc. (D) | 20,612 | ||||||||||
32,148 | ||||||||||||
Transportation — 2.0% | ||||||||||||
4,329 | Delta Air Lines, Inc. (D) | 25,066 | ||||||||||
372 | FedEx Corp. | 20,696 | ||||||||||
673 | United Parcel Service, Inc. Class B | 33,649 | ||||||||||
79,411 | ||||||||||||
Utilities — 1.7% | ||||||||||||
846 | Exelon Corp. | 43,334 | ||||||||||
322 | Northeast Utilities | 7,175 | ||||||||||
364 | PG&E Corp. | 14,004 | ||||||||||
64,513 | ||||||||||||
Total common stocks (cost $2,881,193) | $ | 2,576,657 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
524 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 1.0% | ||||||||||||
Finance — 1.0% | ||||||||||||
Citibank Credit Card Issuance Trust | ||||||||||||
$ | 11,945 | 5.65%, 09/20/2019 | $ | 12,160 | ||||||||
Ford Credit Automotive Owner Trust | ||||||||||||
1,859 | 5.26%, 10/15/2010 | 1,868 | ||||||||||
Harley-Davidson Motorcycle Trust | ||||||||||||
12,375 | 5.21%, 06/17/2013 | 12,660 | ||||||||||
Marriott Vacation Club Owner Trust | ||||||||||||
1,123 | 5.36%, 10/20/2028 (I) | 942 | ||||||||||
USAA Automotive Owner Trust | ||||||||||||
11,285 | 4.50%, 10/15/2013 | 11,696 | ||||||||||
39,326 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $38,578) | $ | 39,326 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 13.9% | ||||||||||||
Capital Goods — 0.1% | ||||||||||||
Xerox Corp. | ||||||||||||
$ | 6,000 | 5.50%, 05/15/2012 | $ | 5,984 | ||||||||
Consumer Cyclical — 0.5% | ||||||||||||
DaimlerChrysler NA Holdings Corp. | ||||||||||||
9,550 | 6.50%, 11/15/2013 | 9,708 | ||||||||||
SCL Term Aereo Santiago S.A. | ||||||||||||
8,614 | 6.95%, 07/01/2012 (I) | 9,202 | ||||||||||
Staples, Inc. | ||||||||||||
2,525 | 9.75%, 01/15/2014 | 2,820 | ||||||||||
21,730 | ||||||||||||
Consumer Staples — 0.6% | ||||||||||||
Anheuser-Busch InBev N.V. | ||||||||||||
3,100 | 7.75%, 01/15/2019 (I) | 3,390 | ||||||||||
Coca-Cola Enterprises, Inc. | ||||||||||||
500 | 8.50%, 02/01/2022 | 650 | ||||||||||
Procter & Gamble Co. | ||||||||||||
11,465 | 9.36%, 01/01/2021 | 13,804 | ||||||||||
Weyerhaeuser Co. | ||||||||||||
2,975 | 7.38%, 03/15/2032 | 2,374 | ||||||||||
20,218 | ||||||||||||
Energy — 0.3% | ||||||||||||
Atmos Energy Corp. | ||||||||||||
5,875 | 6.35%, 06/15/2017 | 5,977 | ||||||||||
Weatherford International Ltd. | ||||||||||||
5,500 | 5.95%, 06/15/2012 | 5,742 | ||||||||||
11,719 | ||||||||||||
Finance — 8.7% | ||||||||||||
Ace INA Holdings, Inc. | ||||||||||||
700 | 5.88%, 06/15/2014 | 723 | ||||||||||
American Express Centurion Bank | ||||||||||||
6,350 | 6.00%, 09/13/2017 | 5,792 | ||||||||||
American International Group, Inc. | ||||||||||||
1,200 | 6.25%, 03/15/2037 | 297 | ||||||||||
AXA Financial, Inc. | ||||||||||||
10,800 | 7.00%, 04/01/2028 | 8,220 | ||||||||||
Berkshire Hathaway Finance Corp. | ||||||||||||
5,500 | 4.85%, 01/15/2015 | 5,725 | ||||||||||
Brandywine Operating Partnership | ||||||||||||
9,585 | 6.00%, 04/01/2016 | 7,074 | ||||||||||
Capital One Bank | ||||||||||||
3,750 | 6.50%, 06/13/2013 | 3,707 | ||||||||||
Capital One Capital IV | ||||||||||||
4,125 | 6.75%, 02/17/2037 | 2,761 | ||||||||||
Capital One Financial Corp. | ||||||||||||
3,900 | 5.70%, 09/15/2011 | 3,917 | ||||||||||
Cincinnati Financial Corp. | ||||||||||||
10,000 | 6.92%, 05/15/2028 | 7,656 | ||||||||||
Citibank NA | ||||||||||||
26,000 | 1.88%, 06/04/2012 | 25,930 | ||||||||||
Citigroup, Inc. | ||||||||||||
8,800 | 6.00%, 10/31/2033 | 6,566 | ||||||||||
COX Communications, Inc. | ||||||||||||
9,000 | 5.45%, 12/15/2014 | 8,934 | ||||||||||
Developers Diversified Realty Corp. | ||||||||||||
7,900 | 5.38%, 10/15/2012 | 5,340 | ||||||||||
Discover Financial Services, Inc. | ||||||||||||
7,220 | 6.45%, 06/12/2017 | 5,858 | ||||||||||
Eaton Vance Corp. | ||||||||||||
3,180 | 6.50%, 10/02/2017 | 3,009 | ||||||||||
Everest Reinsurance Holdings, Inc. | ||||||||||||
4,525 | 5.40%, 10/15/2014 | 3,955 | ||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
20,000 | 1.63%, 07/15/2011 | 20,109 | ||||||||||
5,500 | 5.30%, 02/14/2012 | 5,692 | ||||||||||
6,000 | 5.63%, 01/15/2017 | 5,703 | ||||||||||
Health Care Properties | ||||||||||||
9,780 | 6.00%, 01/30/2017 | 8,291 |
The accompanying notes are an integral part of these financial statements.
17
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
HSBC Finance Corp. | ||||||||||||
$ | 12,500 | 5.50%, 01/19/2016 | $ | 11,760 | ||||||||
International Lease Finance Corp. | ||||||||||||
10,500 | 5.00%, 09/15/2012 | 8,121 | ||||||||||
6,350 | 5.63%, 09/15/2010 | 5,705 | ||||||||||
Jackson National Life Insurance Co. | ||||||||||||
12,650 | 8.15%, 03/15/2027 (I) | 10,530 | ||||||||||
John Deere Capital Corp. | ||||||||||||
8,320 | 4.88%, 10/15/2010 | 8,542 | ||||||||||
JP Morgan Chase & Co. | ||||||||||||
10,375 | 5.13%, 09/15/2014 | 10,325 | ||||||||||
Kimco Realty Corp. | ||||||||||||
7,880 | 5.78%, 03/15/2016 | 6,671 | ||||||||||
Liberty Mutual Group, Inc. | ||||||||||||
8,750 | 5.75%, 03/15/2014 (I) | 6,927 | ||||||||||
Liberty Property L.P. | ||||||||||||
1,325 | 6.63%, 10/01/2017 | 1,124 | ||||||||||
Merrill Lynch & Co., Inc. | ||||||||||||
11,000 | 5.00%, 02/03/2014 | 10,553 | ||||||||||
1,000 | 6.40%, 08/28/2017 | 885 | ||||||||||
6,000 | 6.88%, 04/25/2018 | 5,553 | ||||||||||
Morgan Stanley | ||||||||||||
13,000 | 5.38%, 10/15/2015 | 12,738 | ||||||||||
National City Corp. | ||||||||||||
4,250 | 6.88%, 05/15/2019 | 4,078 | ||||||||||
New England Mutual Life Insurance Co. | ||||||||||||
12,000 | 7.88%, 02/15/2024 (I) | 10,856 | ||||||||||
Prologis Trust | ||||||||||||
6,500 | 5.63%, 11/15/2016 | 4,997 | ||||||||||
Prudential Financial, Inc. | ||||||||||||
8,000 | 5.50%, 03/15/2016 | 7,502 | ||||||||||
Realty Income Corp. | ||||||||||||
4,830 | 6.75%, 08/15/2019 | 4,351 | ||||||||||
Republic New York Capital I | ||||||||||||
500 | 7.75%, 11/15/2006 | 445 | ||||||||||
Santander Central Hispano Issuances Ltd. | ||||||||||||
1,250 | 7.63%, 11/03/2009 | 1,268 | ||||||||||
Simon Property Group L.P. | ||||||||||||
15,100 | 6.10%, 05/01/2016 | 14,091 | ||||||||||
Sovereign Bancorp, Inc. | ||||||||||||
4,795 | 8.75%, 05/30/2018 | 4,716 | ||||||||||
Sovereign Capital Trust IV | ||||||||||||
7,250 | 7.91%, 06/13/2036 | 5,435 | ||||||||||
Svenska Handelsbanken AB | ||||||||||||
2,900 | 4.88%, 06/10/2014 (I) | 2,871 | ||||||||||
Torchmark Corp. | ||||||||||||
14,600 | 8.25%, 08/15/2009 | 14,592 | ||||||||||
UnitedHealth Group, Inc. | ||||||||||||
2,500 | 5.50%, 11/15/2012 | 2,587 | ||||||||||
Wachovia Corp. | ||||||||||||
10,000 | 5.25%, 08/01/2014 | 9,786 | ||||||||||
WEA Finance LLC | ||||||||||||
5,000 | 7.13%, 04/15/2018 (I) | 4,641 | ||||||||||
336,909 | ||||||||||||
Health Care — 0.5% | ||||||||||||
CVS Corp. | ||||||||||||
7,725 | 6.13%, 08/15/2016 | 8,003 | ||||||||||
Express Scripts, Inc. | ||||||||||||
1,020 | 6.25%, 06/15/2014 | 1,079 | ||||||||||
Merck & Co., Inc. | ||||||||||||
2,100 | 4.00%, 06/30/2015 | 2,137 | ||||||||||
Schering-Plough Corp. | ||||||||||||
9,000 | 5.55%, 12/01/2013 | 9,667 | ||||||||||
20,886 | ||||||||||||
Services — 0.3% | ||||||||||||
Comcast Corp. | ||||||||||||
8,000 | 5.90%, 03/15/2016 | 8,275 | ||||||||||
Wyndham Worldwide Corp. | ||||||||||||
3,100 | 6.00%, 12/01/2016 | 2,424 | ||||||||||
10,699 | ||||||||||||
Technology — 1.2% | ||||||||||||
AT&T, Inc. | ||||||||||||
2,510 | 6.80%, 05/15/2036 | 2,600 | ||||||||||
BellSouth Telecommunications | ||||||||||||
650 | 7.00%, 12/01/2095 | 568 | ||||||||||
Dell, Inc. | ||||||||||||
2,735 | 5.88%, 06/15/2019 | 2,792 | ||||||||||
Fiserv, Inc. | ||||||||||||
6,400 | 6.13%, 11/20/2012 | 6,643 | ||||||||||
France Telecom S.A. | ||||||||||||
1,300 | 4.38%, 07/08/2014 | 1,310 | ||||||||||
General Electric Co. | ||||||||||||
6,925 | 5.00%, 02/01/2013 | 7,206 | ||||||||||
Intuit, Inc. | ||||||||||||
7,900 | 5.40%, 03/15/2012 | 7,977 | ||||||||||
Oracle Corp. | ||||||||||||
2,850 | 6.13%, 07/08/2039 (Q) | 2,831 | ||||||||||
Telecom Italia Capital | ||||||||||||
2,700 | 7.72%, 06/04/2038 | 2,750 | ||||||||||
Time Warner Cable, Inc. | ||||||||||||
4,580 | 5.85%, 05/01/2017 | 4,574 | ||||||||||
Verizon Communications, Inc. | ||||||||||||
5,000 | 5.35%, 02/15/2011 | 5,214 | ||||||||||
Verizon Global Funding Corp. | ||||||||||||
500 | 7.25%, 12/01/2010 | 532 | ||||||||||
44,997 | ||||||||||||
Transportation — 0.4% | ||||||||||||
Continental Airlines, Inc. | ||||||||||||
4,140 | 5.98%, 04/19/2022 | 3,416 | ||||||||||
Southwest Airlines Co. | ||||||||||||
8,700 | 5.75%, 12/15/2016 | 8,065 | ||||||||||
3,337 | �� 6.15%, 08/01/2022 | 3,104 | ||||||||||
14,585 | ||||||||||||
Utilities — 1.3% | ||||||||||||
Consolidated Edison Co. of NY | ||||||||||||
4,605 | 5.30%, 12/01/2016 | 4,784 | ||||||||||
Enel Finance International | ||||||||||||
4,045 | 6.80%, 09/15/2037 (I) | 4,194 | ||||||||||
Indianapolis Power and Light | ||||||||||||
8,000 | 6.60%, 06/01/2037 (I) | 6,669 | ||||||||||
Kinder Morgan Energy Partners L.P. | ||||||||||||
5,000 | 6.95%, 01/15/2038 | 4,843 | ||||||||||
MidAmerican Energy Co. | ||||||||||||
6,000 | 5.65%, 07/15/2012 | 6,363 | ||||||||||
Northern Border Pipeline Co. | ||||||||||||
9,285 | 7.75%, 09/01/2009 | 9,364 | ||||||||||
Southern California Edison Co. | ||||||||||||
8,000 | 5.55%, 01/15/2037 | 8,008 |
The accompanying notes are an integral part of these financial statements.
18
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
Taqa Abu Dhabi National Energy Co. | ||||||||||||
$ | 3,335 | 5.88%, 10/27/2016 (I) | $ | 3,119 | ||||||||
47,344 | ||||||||||||
Total corporate bonds: investment grade (cost $570,737) | $ | 535,071 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.1% | ||||||||||||
Finance — 0.1% | ||||||||||||
CIT Group, Inc. | ||||||||||||
$ | 3,540 | 7.63%, 11/30/2012 | $ | 2,424 | ||||||||
Total corporate bonds: non-investment grade (cost $3,504) | $ | 2,424 | ||||||||||
MUNICIPAL BONDS — 0.4% | ||||||||||||
General Obligations — 0.3% | ||||||||||||
Oregon School Boards Association, Taxable Pension, | ||||||||||||
$ | 10,000 | 4.76%, 06/30/2028 | $ | 8,699 | ||||||||
State of Illinois, Taxable Pension, | ||||||||||||
3,045 | 5.10%, 06/01/2033 | 2,705 | ||||||||||
11,404 | ||||||||||||
Transportation — 0.1% | ||||||||||||
Dallas Texas Area Rapid Transit Sales Tax Rev, | ||||||||||||
2,200 | 6.00%, 12/01/2044 | 2,229 | ||||||||||
Illinois State Toll Highway Auth, | ||||||||||||
365 | 6.18%, 01/01/2034 | 370 | ||||||||||
New York and New Jersey PA, | ||||||||||||
975 | 5.86%, 12/01/2024 | 998 | ||||||||||
570 | 6.04%, 12/01/2029 | 590 | ||||||||||
4,187 | ||||||||||||
Total municipal bonds (cost $17,121) | $ | 15,591 | ||||||||||
U.S. GOVERNMENT AGENCIES — 2.4% | ||||||||||||
Federal Home Loan Mortgage Corporation — 0.3% | ||||||||||||
$ | 6,922 | 4.50%, 11/01/2037 — 02/01/2039 | $ | 6,899 | ||||||||
Federal National Mortgage Association — 0.1% | ||||||||||||
1,500 | 5.00%, 08/15/2038 (Q) | 1,521 | ||||||||||
88 | 6.50%, 05/01/2036 — 07/01/2038 | 94 | ||||||||||
1,615 | ||||||||||||
Government National Mortgage Association — 1.0% | ||||||||||||
24,856 | 5.50%, 05/15/2037 — 07/15/2037 | 25,720 | ||||||||||
6,717 | 6.00%, 06/15/2024 — 05/15/2035 | 7,053 | ||||||||||
2,338 | 6.50%, 03/15/2026 — 02/15/2035 | 2,523 | ||||||||||
8,841 | 7.00%, 11/15/2031 — 11/15/2033 | 9,570 | ||||||||||
83 | 7.50%, 09/16/2035 | 91 | ||||||||||
1,336 | 8.00%, 09/15/2026 — 02/15/2031 | 1,513 | ||||||||||
90 | 9.00%, 06/20/2016 — 06/15/2022 | 96 | ||||||||||
46,566 | ||||||||||||
Other Government Agencies — 1.0% | ||||||||||||
Small Business Administration Participation Certificates: | ||||||||||||
32,057 | 8.95%, 06/15/2022 | 39,591 | ||||||||||
Total U.S. government agencies (cost $89,106) | $ | 94,671 | ||||||||||
U.S. GOVERNMENT SECURITIES — 11.2% | ||||||||||||
Other Direct Federal Obligations — 3.6% | ||||||||||||
Federal Financing Corporation: | ||||||||||||
$ | 6,500 | 5.24%, 12/06/2013 | $ | 5,485 | ||||||||
11,117 | 5.25%, 12/27/2013 | 9,355 | ||||||||||
14,840 | ||||||||||||
Tennessee Valley Authority: | ||||||||||||
64,300 | 4.38%, 06/15/2015 | 68,008 | ||||||||||
50,000 | 6.00%, 03/15/2013 | 55,848 | ||||||||||
123,856 | ||||||||||||
138,696 | ||||||||||||
U.S. Treasury Securities — 7.6% | ||||||||||||
U.S. Treasury Bonds — 2.8% | ||||||||||||
22,000 | 4.25%, 05/15/2039 | 21,776 | ||||||||||
22,000 | 4.38%, 02/15/2038 | 22,217 | ||||||||||
18,000 | 6.00%, 02/15/2026 | 21,710 | ||||||||||
33,650 | 6.25%, 08/15/2023 | 40,990 | ||||||||||
106,693 | ||||||||||||
U.S. Treasury Notes — 4.8% | ||||||||||||
30,000 | 1.38%, 05/15/2012 | 29,831 | ||||||||||
42,000 | 2.38%, 08/31/2010 | 42,871 | ||||||||||
23,000 | 2.75%, 02/15/2019 | 21,541 | ||||||||||
35,000 | 3.88%, 02/15/2013 — 05/15/2018 # | 36,420 | ||||||||||
30,135 | 4.13%, 08/15/2010 | 31,332 | ||||||||||
13,000 | 4.25%, 08/15/2013 | 14,055 | ||||||||||
9,950 | 4.75%, 05/31/2012 | 10,849 | ||||||||||
186,899 | ||||||||||||
293,592 | ||||||||||||
Total U.S. government securities (cost $418,848) | $ | 432,288 | ||||||||||
Total long-term investments (cost $4,019,087) | $ | 3,696,028 | ||||||||||
SHORT-TERM INVESTMENTS — 4.1% | ||||||||||||
Repurchase Agreements — 4.1% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,838, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $10,035) | ||||||||||||
$ | 9,838 | 0.09%, 6/30/2009 | $ | 9,838 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $90,579, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $92,391) | ||||||||||||
90,579 | 0.05%, 6/30/2009 | 90,579 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $22,778, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $23,233) | ||||||||||||
22,778 | 0.09%, 6/30/2009 | 22,778 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $34,122, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $34,805) | ||||||||||||
34,122 | 0.08%, 6/30/2009 | 34,122 |
The accompanying notes are an integral part of these financial statements.
19
Table of Contents
Hartford Advisers HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $31) | ||||||||||||
$ | 30 | 0.03%, 6/30/2009 | $ | 30 | ||||||||
157,347 | ||||||||||||
Total short-term investments (cost $157,347) | $ | 157,347 | ||||||||||
Total investments (cost $4,176,434) (C) | 99.8 | % | $ | 3,853,375 | ||||||||
Other assets and liabilities | 0.2 | % | 9,523 | |||||||||
Total net assets | 100.0 | % | $ | 3,862,898 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 8.0% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,268,726 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 188,762 | ||
Unrealized Depreciation | (604,113 | ) | ||
Net Unrealized Depreciation | $ | (415,351 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $13,735, which represents 0.36% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $63,341, which represents 1.64% of total net assets. | |
(Q) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $4,353. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 11,241 | Buck Holdings L.P. | $ | 11,253 | ||||||
04/2008 | 4,194 | Washington Mutual, Inc. Private Placement | 36,700 | |||||||
04/2008 | 524 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $13,735 which represents 0.36% of total net assets. | ||
PA — Port Authority | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 39,326 | $ | — | $ | 39,326 | $ | — | ||||||||
Common Stocks | 2,576,657 | 2,491,320 | 71,602 | 13,735 | ||||||||||||
Corporate Bonds: Investment Grade | 535,071 | — | 528,551 | 6,520 | ||||||||||||
Corporate Bonds: Non-Investment Grade | 2,424 | — | 2,424 | — | ||||||||||||
Municipal Bonds | 15,591 | — | 15,591 | — | ||||||||||||
U.S. Government Agencies | 94,671 | — | 94,671 | — | ||||||||||||
U.S. Government Securities | 432,288 | 21,776 | 410,512 | — | ||||||||||||
Short-Term Investments | 157,347 | — | 157,347 | — | ||||||||||||
Total | $ | 3,853,375 | $ | 2,513,096 | $ | 1,320,024 | $ | 20,255 | ||||||||
The accompanying notes are an integral part of these financial statements.
20
Table of Contents
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as | Change in | Balance as | ||||||||||||||||||
of December | Realized | Unrealized | Net | of June | ||||||||||||||||
31, 2008 | Gain (Loss) | Appreciation | Sales | 30, 2009 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 4,580 | $ | (3,577 | ) | $ | 4,145* | $ | (5,148 | ) | $ | — | ||||||||
Common Stock | 10,906 | — | 2,829 (A | ) | — | 13,735 | ||||||||||||||
Corporate Bonds | 5,251 | — | 1,324 # | (55 | ) | 6,520 | ||||||||||||||
Total | $ | 20,737 | $ | (3,577 | ) | $ | 8,298 | $ | (5,203 | ) | $ | 20,255 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — . | |
(A) | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,829. | |
# | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $1,324. |
The accompanying notes are an integral part of these financial statements.
21
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 97.2% | ||||||||||||
Automobiles & Components — 2.9% | ||||||||||||
568 | Daimler AG | $ | 20,621 | |||||||||
31,617 | Ford Motor Co. (D) | 191,917 | ||||||||||
303 | Michelin (C.G.D.E.) Class B | 17,379 | ||||||||||
837 | TRW Automotive Holdings Corp. (D) | 9,457 | ||||||||||
239,374 | ||||||||||||
Banks — 4.0% | ||||||||||||
1,792 | Barclays Bank plc | 8,325 | ||||||||||
2,185 | HSBC Holding plc | 18,202 | ||||||||||
1,693 | Huntington Bancshares, Inc. | 7,077 | ||||||||||
54,494 | Industrial and Commercial Bank of China | 37,747 | ||||||||||
1,352 | Itau Unibanco Banco Multiplo S.A. ADR | 21,404 | ||||||||||
1,990 | Standard Chartered plc | 37,412 | ||||||||||
414 | Sumitomo Mitsui Financial Group, Inc. | 16,769 | ||||||||||
954 | SunTrust Banks, Inc. | 15,692 | ||||||||||
188 | US Bancorp | 3,365 | ||||||||||
469 | Washington Mutual, Inc. Private Placement (H)(A) | 43 | ||||||||||
6,645 | Wells Fargo & Co. | 161,208 | ||||||||||
327,244 | ||||||||||||
Capital Goods — 7.0% | ||||||||||||
777 | ABB Ltd. ADR | 12,266 | ||||||||||
35 | Alliant Techsystems, Inc. (D) | 2,866 | ||||||||||
102 | AMETEK, Inc. | 3,510 | ||||||||||
447 | BE Aerospace, Inc. (D) | 6,417 | ||||||||||
254 | Boeing Co. | 10,786 | ||||||||||
400 | Briggs & Stratton Corp. | 5,341 | ||||||||||
282 | Caterpillar, Inc. | 9,307 | ||||||||||
220 | Cummins, Inc. | 7,732 | ||||||||||
162 | Danaher Corp. | 9,989 | ||||||||||
298 | Deere & Co. | 11,921 | ||||||||||
482 | Dover Corp. | 15,944 | ||||||||||
143 | Emerson Electric Co. | 4,619 | ||||||||||
163 | First Solar, Inc. (D) | 26,476 | ||||||||||
239 | Flowserve Corp. | 16,685 | ||||||||||
601 | Fluor Corp. | 30,830 | ||||||||||
241 | Foster Wheeler AG (D) | 5,721 | ||||||||||
5,993 | General Electric Co. | 70,239 | ||||||||||
3,812 | Hansen Transmissions (D) | 9,698 | ||||||||||
199 | Illinois Tool Works, Inc. | 7,440 | ||||||||||
407 | Ingersoll-Rand Co. Class A | 8,515 | ||||||||||
39 | Jacobs Engineering Group, Inc. (D) | 1,662 | ||||||||||
230 | Joy Global, Inc. | 8,225 | ||||||||||
157 | Lennox International, Inc. | 5,041 | ||||||||||
94 | Lindsay Corp. | 3,102 | ||||||||||
196 | Lockheed Martin Corp. | 15,824 | ||||||||||
528 | Masco Corp. | 5,057 | ||||||||||
88 | Parker-Hannifin Corp. | 3,776 | ||||||||||
366 | Pentair, Inc. | 9,374 | ||||||||||
360 | Precision Castparts Corp. | 26,305 | ||||||||||
2,843 | Raytheon Co. | 126,295 | ||||||||||
98 | Regal-Beloit Corp. | 3,900 | ||||||||||
469 | Siemens AG | 32,453 | ||||||||||
298 | Spirit Aerosystems Holdings, Inc. (D) | 4,092 | ||||||||||
959 | Sunpower Corp. Class B (D) | 22,956 | ||||||||||
697 | Terex Corp. (D) | 8,407 | ||||||||||
150 | Vestas Wind Systems A/S (D) | 10,789 | ||||||||||
485 | Yingli Green Energy Holdings (D) | 6,574 | ||||||||||
570,134 | ||||||||||||
Commercial & Professional Services — 0.2% | ||||||||||||
361 | Corrections Corp. of America (D) | 6,140 | ||||||||||
533 | Monster Worldwide, Inc. (D) | 6,299 | ||||||||||
12,439 | ||||||||||||
Consumer Durables & Apparel — 1.1% | ||||||||||||
833 | Coach, Inc. | 22,391 | ||||||||||
574 | Hanesbrands, Inc. (D) | 8,619 | ||||||||||
376 | Iconix Brand Group, Inc. (D) | 5,781 | ||||||||||
1,268 | Liz Claiborne, Inc. | 3,652 | ||||||||||
3,697 | Newell Rubbermaid, Inc. | 38,490 | ||||||||||
262 | Pool Corp. | 4,337 | ||||||||||
209 | Toll Brothers, Inc. (D) | 3,550 | ||||||||||
110 | Warnaco Group, Inc. (D) | 3,564 | ||||||||||
71 | Whirlpool Corp. | 3,018 | ||||||||||
93,402 | ||||||||||||
Consumer Services — 1.2% | ||||||||||||
189 | Apollo Group, Inc. Class A (D) | 13,460 | ||||||||||
230 | Brinks Home Security Holding (D) | 6,509 | ||||||||||
162 | Cheesecake Factory, Inc. (D) | 2,794 | ||||||||||
244 | Coinstar, Inc. (D) | 6,504 | ||||||||||
217 | Corinthian Colleges, Inc. (D) | 3,680 | ||||||||||
277 | Ctrip.com International Ltd. ADR (D) | 12,802 | ||||||||||
38 | Educomp Solutions Ltd. (D) | 3,010 | ||||||||||
283 | International Game Technology | 4,497 | ||||||||||
88 | ITT Educational Services, Inc. (D) | 8,875 | ||||||||||
84 | K12, Inc. (D) | 1,808 | ||||||||||
332 | Life Time Fitness, Inc. (D) | 6,649 | ||||||||||
1,143 | MGM Mirage, Inc. (D) | 7,302 | ||||||||||
13,938 | Shangri-La Asia Ltd. | 20,586 | ||||||||||
8 | Weight Watchers International, Inc. | 198 | ||||||||||
98,674 | ||||||||||||
Diversified Financials — 7.4% | ||||||||||||
1,465 | American Capital Ltd. | 4,703 | ||||||||||
448 | Ameriprise Financial, Inc. | 10,880 | ||||||||||
15,745 | Bank of America Corp. | 207,828 | ||||||||||
798 | CIT Group, Inc. | 1,715 | ||||||||||
423 | Deutsche Boerse AG | 32,958 | ||||||||||
968 | Discover Financial Services, Inc. | 9,939 | ||||||||||
1,155 | Goldman Sachs Group, Inc. | 170,259 | ||||||||||
2,000 | ING Groep N.V. | 20,262 | ||||||||||
269 | Invesco Ltd. | 4,799 | ||||||||||
448 | JP Morgan Chase & Co. | 15,271 | ||||||||||
1,792 | Julius Baer Holding Ltd. | 69,678 | ||||||||||
93 | Moody’s Corp. | 2,450 | ||||||||||
162 | Morgan Stanley | 4,615 | ||||||||||
481 | Nomura Holdings, Inc. | 4,058 | ||||||||||
442 | Oaktree Capital (I)(D) | 9,503 | ||||||||||
298 | PennantPark Investment Corp. | 2,118 | ||||||||||
65 | State Street Corp. | 3,082 | ||||||||||
527 | TD Ameritrade Holding Corp. (D) | 9,237 | ||||||||||
1,882 | UBS AG | 23,108 | ||||||||||
410 | UBS AG ADR | 5,006 | ||||||||||
611,469 | ||||||||||||
Energy — 12.3% | ||||||||||||
5,080 | Acergy S.A. | 50,139 | ||||||||||
546 | Apache Corp. | 39,410 | ||||||||||
90 | Arena Resources, Inc. (D) | 2,854 | ||||||||||
168 | Atwood Oceanics, Inc. (D) | 4,182 | ||||||||||
458 | Baker Hughes, Inc. | 16,680 | ||||||||||
115 | Cabot Oil & Gas Corp. | 3,511 | ||||||||||
2,858 | Cameco Corp. | 73,156 | ||||||||||
43 | Canadian Natural Resources Ltd. | 2,278 |
The accompanying notes are an integral part of these financial statements.
22
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Energy — (continued) | ||||||||||||
203 | Canadian Natural Resources Ltd. ADR | $ | 10,640 | |||||||||
458 | Chesapeake Energy Corp. | 9,086 | ||||||||||
478 | Consol Energy, Inc. | 16,233 | ||||||||||
127 | Diamond Offshore Drilling, Inc. | 10,575 | ||||||||||
426 | Dresser-Rand Group, Inc. (D) | 11,114 | ||||||||||
109 | EOG Resources, Inc. | 7,376 | ||||||||||
101 | Exxon Mobil Corp. | 7,026 | ||||||||||
3,000 | Halliburton Co. | 62,100 | ||||||||||
902 | Hess Corp. | 48,474 | ||||||||||
34 | Karoon Gas Australia Ltd. (D) | 246 | ||||||||||
1,187 | Lundin Petroleum Ab (D) | 9,227 | ||||||||||
193 | Massey Energy Co. | 3,763 | ||||||||||
762 | Nabors Industries Ltd. (D) | 11,878 | ||||||||||
1,431 | National Oilwell Varco, Inc. (D) | 46,736 | ||||||||||
393 | Newfield Exploration Co. (D) | 12,846 | ||||||||||
600 | Noble Energy, Inc. | 35,353 | ||||||||||
3,635 | OAO Gazprom Class S ADR | 73,606 | ||||||||||
839 | Occidental Petroleum Corp. | 55,230 | ||||||||||
94 | Oceaneering International, Inc. (D) | 4,260 | ||||||||||
1,649 | OMV AG | 62,007 | ||||||||||
246 | Overseas Shipholding Group, Inc. | 8,371 | ||||||||||
308 | Petro-Canada | 11,814 | ||||||||||
100 | PetroChina Co. Ltd. ADR | 11,081 | ||||||||||
871 | Petroleo Brasileiro S.A. ADR | 35,673 | ||||||||||
97 | Range Resources Corp. | 4,029 | ||||||||||
251 | SBM Offshore N.V. | 4,312 | ||||||||||
1,095 | Schlumberger Ltd. | 59,256 | ||||||||||
450 | Smith International, Inc. | 11,590 | ||||||||||
484 | Suncor Energy, Inc. | 14,709 | ||||||||||
1,554 | Suncor Energy, Inc. ADR | 47,156 | ||||||||||
302 | Talisman Energy, Inc. | 4,314 | ||||||||||
131 | Total S.A. | 7,083 | ||||||||||
243 | Total S.A. ADR | 13,167 | ||||||||||
59 | Transocean, Inc. (D) | 4,375 | ||||||||||
400 | Tsakos Energy Navigation Ltd. | 6,456 | ||||||||||
565 | USEC, Inc. (D) | 3,006 | ||||||||||
174 | Valero Energy Corp. | 2,941 | ||||||||||
3,370 | Weatherford International Ltd. (D) | 65,921 | ||||||||||
87 | XTO Energy, Inc. | 3,334 | ||||||||||
1,008,574 | ||||||||||||
Food & Staples Retailing — 0.5% | ||||||||||||
357 | Kroger Co. | 7,861 | ||||||||||
6,650 | Olam International Ltd. | 11,089 | ||||||||||
296 | Sysco Corp. | 6,654 | ||||||||||
276 | Wal-Mart Stores, Inc. | 13,389 | ||||||||||
38,993 | ||||||||||||
Food, Beverage & Tobacco — 2.0% | ||||||||||||
105 | Bunge Ltd. Finance Corp. | 6,326 | ||||||||||
8,342 | Chaoda Modern Agriculture | 4,878 | ||||||||||
271 | Groupe Danone | 13,440 | ||||||||||
759 | Imperial Tobacco Group plc | 19,743 | ||||||||||
3 | Japan Tobacco, Inc. | 9,765 | ||||||||||
4,392 | Marine Harvest (D) | 2,953 | ||||||||||
143 | Molson Coors Brewing Co. | 6,045 | ||||||||||
1,125 | Nestle S.A. | 42,478 | ||||||||||
610 | PepsiCo, Inc. | 33,509 | ||||||||||
89 | Perdigao S.A. (D) | 3,413 | ||||||||||
199 | Philip Morris International, Inc. | 8,659 | ||||||||||
305 | Unilever N.V. NY Shares ADR | 7,363 | ||||||||||
158,572 | ||||||||||||
Health Care Equipment & Services — 6.7% | ||||||||||||
700 | Aetna, Inc. | 17,535 | ||||||||||
118 | Allscripts Misys Healthcare Solution | 1,876 | ||||||||||
1,722 | ATS Medical, Inc. (D) | 5,665 | ||||||||||
98 | Beckman Coulter, Inc. | 5,611 | ||||||||||
7,963 | Boston Scientific Corp. (D) | 80,748 | ||||||||||
212 | Cardinal Health, Inc. | 6,474 | ||||||||||
442 | China Medical Technologies, Inc. ADR | 8,804 | ||||||||||
281 | CIGNA Corp. | 6,774 | ||||||||||
1,334 | Covidien plc | 49,958 | ||||||||||
57 | Edwards Lifesciences Corp. (D) | 3,880 | ||||||||||
24 | Hologic, Inc. (D) | 343 | ||||||||||
21 | Intuitive Surgical, Inc. (D) | 3,418 | ||||||||||
101 | Inverness Medical Innovation, Inc. (D) | 3,608 | ||||||||||
2,073 | McKesson Corp. | 91,203 | ||||||||||
2,913 | Medtronic, Inc. | 101,647 | ||||||||||
209 | St. Jude Medical, Inc. (D) | 8,569 | ||||||||||
5,438 | UnitedHealth Group, Inc. | 135,845 | ||||||||||
137 | Varian Medical Systems, Inc. (D) | 4,799 | ||||||||||
344 | Volcano Corp. (D) | 4,815 | ||||||||||
200 | Zimmer Holdings, Inc. (D) | 8,520 | ||||||||||
197 | Zoll Medical Corp. (D) | 3,808 | ||||||||||
553,900 | ||||||||||||
Household & Personal Products — 0.5% | ||||||||||||
1,000 | Bare Escentuals, Inc. (D) | 8,870 | ||||||||||
250 | Herbalife Ltd. | 7,885 | ||||||||||
84 | L’Oreal S.A. | 6,295 | ||||||||||
323 | Procter & Gamble Co. | 16,505 | ||||||||||
39,555 | ||||||||||||
Insurance — 3.8% | ||||||||||||
4,988 | ACE Ltd. | 220,620 | ||||||||||
204 | Everest Re Group Ltd. | 14,628 | ||||||||||
1,403 | Fidelity National Financial, Inc. | 18,985 | ||||||||||
120 | First American Financial Corp. | 3,099 | ||||||||||
675 | Marsh & McLennan Cos., Inc. | 13,594 | ||||||||||
87 | PartnerRe Ltd. | 5,644 | ||||||||||
254 | Platinum Underwriters Holdings Ltd. | 7,256 | ||||||||||
206 | Principal Financial Group, Inc. | 3,875 | ||||||||||
327 | Reinsurance Group of America, Inc. | 11,430 | ||||||||||
603 | Unum Group | 9,561 | ||||||||||
308,692 | ||||||||||||
Materials — 5.1% | ||||||||||||
378 | Agnico Eagle Mines Ltd. | 19,832 | ||||||||||
210 | Allegheny Technologies, Inc. | 7,332 | ||||||||||
450 | AngloGold Ltd. ADR | 16,484 | ||||||||||
1,472 | Aracruz Celulose S.A. ADR | 21,841 | ||||||||||
272 | ArcelorMittal ADR | 8,995 | ||||||||||
107 | Barrick Gold Corp. | 3,598 | ||||||||||
598 | Cliff’s Natural Resources, Inc. | 14,632 | ||||||||||
811 | CRH plc | 18,573 | ||||||||||
134 | Cytec Industries, Inc. | 2,495 | ||||||||||
34 | FMC Corp. | 1,627 | ||||||||||
471 | Impala Platinum Holdings Ltd. | 10,421 | ||||||||||
140 | Martin Marietta Materials, Inc. | 11,020 | ||||||||||
224 | Mosaic Co. | 9,928 | ||||||||||
1,480 | Newmont Mining Corp. | 60,475 | ||||||||||
415 | Nucor Corp. | 18,428 | ||||||||||
330 | Owens-Illinois, Inc. (D) | 9,238 | ||||||||||
321 | Potash Corp. of Saskatchewan, Inc. | 29,862 | ||||||||||
419 | Praxair, Inc. | 29,805 | ||||||||||
52 | Randgold Resources Ltd. ADR | 3,318 | ||||||||||
1,156 | Rexam plc | 5,433 | ||||||||||
174 | Rio Tinto plc | 6,037 |
The accompanying notes are an integral part of these financial statements.
23
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Materials — (continued) | ||||||||||||
92 | Rio Tinto plc Rights | $ | 1,051 | |||||||||
387 | Teck Cominco Ltd. Class B | 6,172 | ||||||||||
196 | Vale S.A. — SP ADR | 3,452 | ||||||||||
2,491 | Vedanta Resources plc | 53,033 | ||||||||||
67 | Vulcan Materials Co. | 2,883 | ||||||||||
533 | Walter Energy, Inc. | 19,301 | ||||||||||
1,135 | Xstrata plc | 12,337 | ||||||||||
304 | Yamana Gold, Inc. | 2,684 | ||||||||||
410,287 | ||||||||||||
Media — 2.7% | ||||||||||||
1,017 | CBS Corp. Class B | 7,040 | ||||||||||
741 | Comcast Corp. Class A | 10,733 | ||||||||||
889 | Comcast Corp. Special Class A | 12,528 | ||||||||||
221 | DreamWorks Animation SKG, Inc. (D) | 6,103 | ||||||||||
30 | Harvey Weinstein Co. Holdings Class A-1 (H)(D)(A) | — | ||||||||||
188 | Marvel Entertainment, Inc. (D) | 6,691 | ||||||||||
4,800 | News Corp. Class A | 43,728 | ||||||||||
176 | Scripps Networks Interactive Class A | 4,895 | ||||||||||
1,525 | Viacom, Inc. Class B (D) | 34,606 | ||||||||||
841 | Virgin Media, Inc. | 7,863 | ||||||||||
3,332 | Walt Disney Co. | 77,743 | ||||||||||
1,188 | WPP plc | 7,903 | ||||||||||
219,833 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 12.6% | ||||||||||||
366 | Abbott Laboratories | 17,224 | ||||||||||
231 | Alkermes, Inc. (D) | 2,495 | ||||||||||
768 | Amgen, Inc. (D) | 40,663 | ||||||||||
523 | Amylin Pharmaceuticals, Inc. (D) | 7,057 | ||||||||||
335 | Arena Pharmaceuticals, Inc. (D) | 1,672 | ||||||||||
63 | AstraZeneca plc ADR | 2,785 | ||||||||||
1,505 | Bristol-Myers Squibb Co. | 30,558 | ||||||||||
114 | Charles River Laboratories International, Inc. (D) | 3,854 | ||||||||||
3,092 | Elan Corp. plc ADR (D) | 19,694 | ||||||||||
373 | Eli Lilly & Co. | 12,936 | ||||||||||
523 | Genzyme Corp. (D) | 29,121 | ||||||||||
92 | Gilead Sciences, Inc. (D) | 4,301 | ||||||||||
806 | Impax Laboratories, Inc. (D) | 5,931 | ||||||||||
312 | Johnson & Johnson | 17,699 | ||||||||||
1,339 | King Pharmaceuticals, Inc. (D) | 12,894 | ||||||||||
201 | Life Technologies Corp. (D) | 8,388 | ||||||||||
4,960 | Merck & Co., Inc. | 138,693 | ||||||||||
6,007 | Novavax, Inc. (D) | 19,703 | ||||||||||
9,310 | Pfizer, Inc. | 139,643 | ||||||||||
956 | Roche Holding AG | 130,277 | ||||||||||
5,854 | Schering-Plough Corp. | 147,048 | ||||||||||
3,093 | Teva Pharmaceutical Industries Ltd. ADR | 152,604 | ||||||||||
405 | UCB S.A. | 13,003 | ||||||||||
1,710 | Wyeth | 77,603 | ||||||||||
1,035,846 | ||||||||||||
Real Estate — 0.7% | ||||||||||||
802 | Brookfield Asset Management, Inc. | 13,682 | ||||||||||
90 | Camden Property Trust | 2,487 | ||||||||||
2,279 | Chimera Investment Corp. | 7,954 | ||||||||||
305 | Host Hotels & Resorts, Inc. | 2,559 | ||||||||||
114 | Liberty Property Trust | 2,629 | ||||||||||
269 | Mack-Cali Realty Corp. | 6,129 | ||||||||||
1,053 | Sun Hung Kai Properties Ltd. | 13,076 | ||||||||||
134 | Taubman Centers, Inc. | 3,591 | ||||||||||
135 | Ventas, Inc. | 4,043 | ||||||||||
56,150 | ||||||||||||
Retailing — 3.9% | ||||||||||||
469 | Abercrombie & Fitch Co. Class A | 11,908 | ||||||||||
220 | Advance Automotive Parts, Inc. | 9,112 | ||||||||||
180 | Aeropostale, Inc. (D) | 6,151 | ||||||||||
236 | Amazon.com, Inc. (D) | 19,728 | ||||||||||
25 | AutoZone, Inc. (D) | 3,792 | ||||||||||
29,055 | Buck Holdings L.P. (H)(D)(A) | 34,518 | ||||||||||
226 | Dick’s Sporting Goods, Inc. (D) | 3,894 | ||||||||||
103 | GameStop Corp. Class A (D) | 2,266 | ||||||||||
110 | Gap, Inc. | 1,802 | ||||||||||
171 | Guess?, Inc. | 4,408 | ||||||||||
132 | Gymboree Corp. (D) | 4,676 | ||||||||||
414 | Home Depot, Inc. | 9,790 | ||||||||||
30 | Industria de Diseno Textil S.A. | 1,426 | ||||||||||
274 | Kohl’s Corp. (D) | 11,728 | ||||||||||
638 | Lowe’s Co., Inc. | 12,392 | ||||||||||
229 | Lumber Liquidators, Inc. (D) | 3,604 | ||||||||||
124 | Nordstrom, Inc. | 2,466 | ||||||||||
486 | Nutri/System, Inc. | 7,044 | ||||||||||
7,756 | Staples, Inc. | 156,444 | ||||||||||
97 | Target Corp. | 3,813 | ||||||||||
81 | The Buckle, Inc. | 2,580 | ||||||||||
291 | TJX Cos., Inc. | 9,156 | ||||||||||
209 | Urban Outfitters, Inc. (D) | 4,366 | ||||||||||
327,064 | ||||||||||||
Semiconductors & Semiconductor Equipment — 1.6% | ||||||||||||
975 | Altera Corp. | 15,869 | ||||||||||
309 | Analog Devices, Inc. | 7,646 | ||||||||||
1,881 | Intel Corp. | 31,134 | ||||||||||
491 | MEMC Electronic Materials, Inc. (D) | 8,738 | ||||||||||
1,317 | ON Semiconductor Corp. (D) | 9,035 | ||||||||||
1,308 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 12,308 | ||||||||||
1,198 | Texas Instruments, Inc. | 25,514 | ||||||||||
487 | Varian Semiconductor Equipment Associates, Inc. (D) | 11,685 | ||||||||||
502 | Xilinx, Inc. | 10,275 | ||||||||||
132,204 | ||||||||||||
Software & Services — 6.8% | ||||||||||||
87 | Accenture Ltd. Class A | 2,896 | ||||||||||
1,808 | Activision Blizzard, Inc. (D) | 22,837 | ||||||||||
113 | Akamai Technologies, Inc. (D) | 2,160 | ||||||||||
309 | Alliance Data Systems Corp. (D) | 12,715 | ||||||||||
270 | ArcSight, Inc. (D) | 4,798 | ||||||||||
318 | BMC Software, Inc. (D) | 10,762 | ||||||||||
79 | CACI International, Inc. Class A (D) | 3,370 | ||||||||||
225 | Check Point Software Technologies Ltd. ADR (D) | 5,285 | ||||||||||
2,188 | Cia Brasileira de Meios de Pagamentos (D) | 18,814 | ||||||||||
177 | Cognizant Technology Solutions Corp. (D) | 4,721 | ||||||||||
178 | Concur Technologies, Inc. (D) | 5,545 | ||||||||||
514 | eBay, Inc. (D) | 8,801 | ||||||||||
120 | Equinix, Inc. (D) | 8,729 | ||||||||||
344 | Giant Interactive Group, Inc. ADR | 2,790 | ||||||||||
307 | Google, Inc. (D) | 129,557 | ||||||||||
182 | Mastercard, Inc. | 30,400 | ||||||||||
2,752 | Microsoft Corp. | 65,422 | ||||||||||
77 | Nintendo Co., Ltd. | 21,338 | ||||||||||
4,417 | Oracle Corp. | 94,603 | ||||||||||
259 | Red Hat, Inc. (D) | 5,222 | ||||||||||
22 | Shanda Interactive Entertainment Ltd. ADR (D) | 1,153 | ||||||||||
487 | Sohu.com, Inc. (D) | 30,626 | ||||||||||
194 | Symantec Corp. (D) | 3,025 | ||||||||||
103 | Visa, Inc. | 6,403 | ||||||||||
92 | VistaPrint Ltd. (D) | 3,903 |
The accompanying notes are an integral part of these financial statements.
24
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCK — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
313 | Vocus, Inc. (D) | $ | 6,187 | |||||||||
2,831 | Western Union Co. | 46,431 | ||||||||||
558,493 | ||||||||||||
Technology — 0.0% | ||||||||||||
283 | Polypore International, Inc. (D) | 3,145 | ||||||||||
Technology Hardware & Equipment — 9.6% | ||||||||||||
139 | Apple, Inc. (D) | 19,789 | ||||||||||
540 | Arrow Electronics, Inc. (D) | 11,459 | ||||||||||
188 | Avnet, Inc. (D) | 3,960 | ||||||||||
9,568 | Cisco Systems, Inc. (D) | 178,352 | ||||||||||
1,804 | Corning, Inc. | 28,966 | ||||||||||
1,982 | EMC Corp. (D) | 25,961 | ||||||||||
587 | Emulex Corp. (D) | 5,743 | ||||||||||
2,668 | Flextronics International Ltd. (D) | 10,967 | ||||||||||
2,717 | Hewlett-Packard Co. | 105,025 | ||||||||||
27,019 | Hon Hai Precision Industry Co., Ltd. | 82,858 | ||||||||||
875 | IBM Corp. | 91,385 | ||||||||||
805 | JDS Uniphase Corp. (D) | 4,603 | ||||||||||
503 | Juniper Networks, Inc. (D) | 11,865 | ||||||||||
3,647 | Motorola, Inc. | 24,177 | ||||||||||
496 | NCR Corp. (D) | 5,862 | ||||||||||
1,351 | NetApp, Inc. (D) | 26,648 | ||||||||||
821 | QLogic Corp. (D) | 10,406 | ||||||||||
2,309 | Qualcomm, Inc. | 104,372 | ||||||||||
63 | Research In Motion Ltd. (D) | 4,452 | ||||||||||
217 | Riverbed Technology, Inc. (D) | 5,023 | ||||||||||
1,008 | Seagate Technology | 10,542 | ||||||||||
75 | Solar Cayman Ltd. (H)(D)(A) | 597 | ||||||||||
213 | Starent Networks Corp. (D) | 5,192 | ||||||||||
228 | Teradata Corp. (D) | 5,350 | ||||||||||
783,554 | ||||||||||||
Telecommunication Services — 1.9% | ||||||||||||
2,947 | AT&T, Inc. | 73,199 | ||||||||||
173 | Brasil Telecom S.A. ADR | 3,394 | ||||||||||
1,253 | Leap Wireless International, Inc. (D) | 41,245 | ||||||||||
1,109 | MetroPCS Communications, Inc. (D) | 14,763 | ||||||||||
806 | Mobile Telesystems OJSC ADR | 29,780 | ||||||||||
162,381 | ||||||||||||
Transportation — 1.9% | ||||||||||||
1,050 | Air Asia BHD (D) | 331 | ||||||||||
186 | C.H. Robinson Worldwide, Inc. | 9,705 | ||||||||||
264 | Con-way, Inc. | 9,336 | ||||||||||
9,510 | Delta Air Lines, Inc. (D) | 55,064 | ||||||||||
1,083 | Deutsche Post AG | 14,138 | ||||||||||
716 | FedEx Corp. | 39,808 | ||||||||||
232 | J.B. Hunt Transport Services, Inc. | 7,071 | ||||||||||
443 | Kansas City Southern (D) | 7,140 | ||||||||||
185 | TNT N.V. | 3,615 | ||||||||||
162 | United Parcel Service, Inc. Class B | 8,073 | ||||||||||
1,156 | US Airways Group, Inc. (D) | 2,809 | ||||||||||
157,090 | ||||||||||||
Utilities — 0.8% | ||||||||||||
226 | Entergy Corp. | 17,551 | ||||||||||
342 | Exelon Corp. | 17,524 | ||||||||||
60 | FirstEnergy Corp. | 2,313 | ||||||||||
746 | Northeast Utilities | 16,641 | ||||||||||
193 | Wisconsin Energy Corp. | 7,845 | ||||||||||
61,874 | ||||||||||||
Total common stocks (cost $8,575,981) | $ | 7,968,943 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
59 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Capital Goods — 0.0% | ||||||||||||
150 | Capstone Turbine Corp. (H)(D) | — | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 0.0% | ||||||||||||
510 | Novavax, Inc. (H)(D) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
EXCHANGE TRADED FUNDS — 0.6% | ||||||||||||
Diversified Financials — 0.1% | ||||||||||||
123 | iShares MSCI Emerging Markets Index Fund | 3,961 | ||||||||||
Other Investment Pools and Funds — 0.5% | ||||||||||||
216 | S & P 500 Depositary Receipt | $ | 19,836 | |||||||||
252 | S & P MidCap 400 Depositary Receipts | 26,507 | ||||||||||
Total exchange traded funds (cost $49,971) | $ | 50,304 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 0.2% | ||||||||||||
Finance — 0.2% | ||||||||||||
UBS Luxembourg S.A. | ||||||||||||
$ | 16,280 | 6.23%, 02/11/2015 | $ | 15,873 | ||||||||
Total corporate bonds: investment grade (cost $16,335) | $ | 15,873 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 0.3% | ||||||||||||
Finance — 0.3% | ||||||||||||
MBIA Insurance Co. | ||||||||||||
$ | 53,500 | 14.00%, 01/15/2033 (I)(L) | $ | 20,330 | ||||||||
Total corporate bonds: non-investment grade (cost $53,133) | $ | 20,330 | ||||||||||
Total long-term investments (cost $8,695,420) | $ | 8,055,450 | ||||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||||||
Repurchase Agreements — 1.8% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,456, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $9,646) | ||||||||||||
$ | 9,456 | 0.09%, 6/30/2009 | 9,456 |
The accompanying notes are an integral part of these financial statements.
25
Table of Contents
Hartford Capital Appreciation HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $87,067, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $88,808) | ||||||||||||
$ | 87,067 | 0.05%, 6/30/2009 | $ | 87,067 | ||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $21,895, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $22,332) | ||||||||||||
21,895 | 0.09%, 6/30/2009 | 21,895 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $32,799, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $33,455) | ||||||||||||
32,799 | 0.08%, 6/30/2009 | 32,799 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $29, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $29) | ||||||||||||
29 | 0.03%, 6/30/2009 | 29 | ||||||||||
151,246 | ||||||||||||
Total short-term investments (cost $151,246) | $ | 151,246 | ||||||||||
Total investments (cost $8,846,666) (C) | 100.1 | % | $ | 8,206,696 | ||||||||
Other assets and liabilities | (0.1 | )% | (10,743 | ) | ||||||||
Total net assets | 100.0 | % | $ | 8,195,953 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 22.1% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $9,407,250 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 560,356 | ||
Unrealized Depreciation | (1,760,910 | ) | ||
Net Unrealized Depreciation | $ | (1,200,554 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $35,158, which represents 0.43% of total net assets. This calculation excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | |
(D) | Currently non-income producing. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $29,833, which represents 0.36% of total net assets. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 29,055 | Buck Holdings L.P. | $ | 29,086 | ||||||
09/2008 | 150 | Capstone Turbine Corp. Warrants | — | |||||||
10/2005 | 30 | Harvey Weinstein Co. Holdings Class A-1 — Reg D | 27,951 | |||||||
07/2008 | 510 | Novavax, Inc. Warrants | — | |||||||
03/2007 | 75 | Solar Cayman Ltd. — 144A | 1,043 | |||||||
04/2008 | 469 | Washington Mutual, Inc. Private Placement | 4,100 | |||||||
07/2008 | 59 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $35,158 which represents 0.43% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Australian Dollar (Buy) | $ | 46 | $ | 46 | 07/01/09 | $ | — | |||||||||
British Pound (Sell) | 10,902 | 10,942 | 07/01/09 | 40 | ||||||||||||
Euro (Buy) | 159 | 159 | 07/01/09 | — | ||||||||||||
Euro (Sell) | 2,777 | 2,775 | 07/06/09 | (2 | ) | |||||||||||
Euro (Sell) | 1,368 | 1,373 | 07/02/09 | 5 | ||||||||||||
Hong Kong Dollar (Sell) | 680 | 680 | 07/06/09 | — | ||||||||||||
Singapore Dollar (Buy) | 419 | 418 | 07/01/09 | 1 | ||||||||||||
Singapore Dollar (Buy) | 346 | 345 | 07/02/09 | 1 | ||||||||||||
Singapore Dollar (Buy) | 382 | 382 | 07/02/09 | — | ||||||||||||
Swiss Franc (Sell) | 5,133 | 5,141 | 07/01/09 | 8 | ||||||||||||
$ | 53 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
26
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 7,968,943 | $ | 6,909,810 | $ | 1,014,472 | $ | 44,661 | ||||||||
Corporate Bonds: Investment Grade | 15,873 | — | 15,873 | — | ||||||||||||
Corporate Bonds: Non-Investment Grade | 20,330 | — | 20,330 | — | ||||||||||||
Exchange Traded Funds | 50,304 | 50,304 | — | — | ||||||||||||
Short-Term Investments | 151,246 | — | 151,246 | — | ||||||||||||
Total | $ | 8,206,696 | $ | 6,960,114 | $ | 1,201,921 | $ | 44,661 | ||||||||
Other Financial Instruments* | $ | 55 | $ | — | $ | 55 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments* | $ | 2 | $ | — | $ | 2 | $ | — | ||||||||
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Change in | Transfers In | ||||||||||||||||||
December 31, | Unrealized | Net | and/or Out of | Balance as of | ||||||||||||||||
2008 | Depreciation | Purchases | Level 3 | June 30, 2009 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Common Stock | $ | 46,381 | $ | (336 | )* | $ | 1,135 | $ | (2,519 | ) | $ | 44,661 | ||||||||
Corporate Bonds | 15,599 | — (A | ) | — | (15,599 | ) | — | |||||||||||||
Total | $ | 61,980 | $ | (336 | ) | $ | 1,135 | $ | (18,118 | ) | $ | 44,661 | ||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(336). | |
(A) | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $ — . |
The accompanying notes are an integral part of these financial statements.
27
Table of Contents
Hartford Dividend and Growth HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 98.8% | ||||||||||||
Automobiles & Components — 0.4% | ||||||||||||
588 | Honda Motor Co., Ltd. ADR | $ | 16,088 | |||||||||
Banks — 4.4% | ||||||||||||
334 | M&T Bank Corp. | 17,016 | ||||||||||
760 | PNC Financial Services Group, Inc. | 29,495 | ||||||||||
938 | SunTrust Banks, Inc. | 15,437 | ||||||||||
1,240 | US Bancorp | 22,224 | ||||||||||
1,554 | Washington Mutual, Inc. Private Placement (H)(A) | 141 | ||||||||||
4,331 | Wells Fargo & Co. | 105,068 | ||||||||||
189,381 | ||||||||||||
Capital Goods — 8.6% | ||||||||||||
284 | Boeing Co. | 12,053 | ||||||||||
415 | Caterpillar, Inc. | 13,718 | ||||||||||
1,439 | Deere & Co. | 57,504 | ||||||||||
534 | Eaton Corp. | 23,831 | ||||||||||
1,260 | General Electric Co. | 14,765 | ||||||||||
1,073 | Honeywell International, Inc. | 33,695 | ||||||||||
875 | Illinois Tool Works, Inc. | 32,669 | ||||||||||
679 | Lockheed Martin Corp. | 54,794 | ||||||||||
840 | Parker-Hannifin Corp. | 36,073 | ||||||||||
1,220 | Pentair, Inc. | 31,244 | ||||||||||
509 | Raytheon Co. | 22,615 | ||||||||||
620 | Siemens AG ADR | 42,884 | ||||||||||
375,845 | ||||||||||||
Commercial & Professional Services — 1.6% | ||||||||||||
1,264 | Pitney Bowes, Inc. | 27,713 | ||||||||||
1,509 | Waste Management, Inc. | 42,499 | ||||||||||
70,212 | ||||||||||||
Diversified Financials — 6.3% | ||||||||||||
1,245 | Ameriprise Financial, Inc. | 30,209 | ||||||||||
3,653 | Bank of America Corp. | 48,216 | ||||||||||
161 | Goldman Sachs Group, Inc. | 23,708 | ||||||||||
2,283 | JP Morgan Chase & Co. | 77,859 | ||||||||||
923 | Morgan Stanley | 26,309 | ||||||||||
908 | State Street Corp. | 42,858 | ||||||||||
2,055 | UBS AG ADR | 25,089 | ||||||||||
274,248 | ||||||||||||
Energy — 17.1% | ||||||||||||
1,871 | Anadarko Petroleum Corp. | 84,925 | ||||||||||
1,048 | BP plc ADR | 49,945 | ||||||||||
2,180 | Chevron Corp. | 144,399 | ||||||||||
755 | ConocoPhillips Holding Co. | 31,734 | ||||||||||
1,286 | EnCana Corp. ADR | 63,632 | ||||||||||
1,463 | Exxon Mobil Corp. | 102,311 | ||||||||||
2,026 | Marathon Oil Corp. | 61,037 | ||||||||||
716 | Schlumberger Ltd. | 38,759 | ||||||||||
1,859 | Total S.A. ADR | 100,835 | ||||||||||
1,593 | XTO Energy, Inc. | 60,766 | ||||||||||
738,343 | ||||||||||||
Food & Staples Retailing — 1.8% | ||||||||||||
792 | Walgreen Co. | 23,297 | ||||||||||
1,141 | Wal-Mart Stores, Inc. | 55,255 | ||||||||||
78,552 | ||||||||||||
Food, Beverage & Tobacco — 5.0% | ||||||||||||
1,524 | Nestle S.A. ADR | 57,318 | ||||||||||
1,038 | PepsiCo, Inc. | 57,054 | ||||||||||
1,362 | Philip Morris International, Inc. | 59,410 | ||||||||||
1,150 | SABMiller plc ADR | 23,437 | ||||||||||
652 | Unilever N.V. | 15,765 | ||||||||||
212,984 | ||||||||||||
Health Care Equipment & Services — 3.6% | ||||||||||||
803 | Covidien plc | 30,053 | ||||||||||
485 | McKesson Corp. | 21,331 | ||||||||||
1,818 | Medtronic, Inc. | 63,444 | ||||||||||
1,536 | UnitedHealth Group, Inc. | 38,367 | ||||||||||
153,195 | ||||||||||||
Household & Personal Products — 2.3% | ||||||||||||
731 | Kimberly-Clark Corp. | 38,311 | ||||||||||
1,154 | Procter & Gamble Co. | 58,980 | ||||||||||
97,291 | ||||||||||||
Insurance — 5.1% | ||||||||||||
1,261 | ACE Ltd. | 55,787 | ||||||||||
1,058 | Aflac, Inc. | 32,890 | ||||||||||
998 | Marsh & McLennan Cos., Inc. | 20,086 | ||||||||||
1,942 | Metlife, Inc. | 58,282 | ||||||||||
478 | Principal Financial Group, Inc. | 9,011 | ||||||||||
339 | Prudential Financial, Inc. | 12,610 | ||||||||||
792 | Travelers Cos., Inc. | 32,496 | ||||||||||
221,162 | ||||||||||||
Materials — 3.6% | ||||||||||||
877 | Agrium U.S., Inc. | 34,991 | ||||||||||
180 | Air Products and Chemicals, Inc. | 11,646 | ||||||||||
944 | Barrick Gold Corp. | 31,661 | ||||||||||
605 | BHP Billiton Ltd. ADR | 33,101 | ||||||||||
2,807 | International Paper Co. | 42,467 | ||||||||||
153,866 | ||||||||||||
Media — 2.5% | ||||||||||||
1,188 | Comcast Corp. Class A | 17,211 | ||||||||||
828 | Comcast Corp. Special Class A | 11,672 | ||||||||||
583 | McGraw-Hill Cos., Inc. | 17,566 | ||||||||||
1,345 | Time Warner, Inc. | 33,887 | ||||||||||
1,135 | Walt Disney Co. | 26,470 | ||||||||||
106,806 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 12.2% | ||||||||||||
664 | Abbott Laboratories | 31,244 | ||||||||||
1,284 | AstraZeneca plc ADR | 56,663 | ||||||||||
2,381 | Bristol-Myers Squibb Co. | 48,350 | ||||||||||
2,569 | Eli Lilly & Co. | 88,997 | ||||||||||
306 | Johnson & Johnson | 17,392 | ||||||||||
2,275 | Merck & Co., Inc. | 63,595 | ||||||||||
3,472 | Pfizer, Inc. | 52,083 | ||||||||||
3,470 | Schering-Plough Corp. | 87,171 | ||||||||||
481 | Teva Pharmaceutical Industries Ltd. ADR | 23,738 | ||||||||||
1,230 | Wyeth | 55,807 | ||||||||||
525,040 | ||||||||||||
Retailing — 2.1% | ||||||||||||
1,225 | Gap, Inc. | 20,092 | ||||||||||
1,420 | Limited Brands, Inc. | 16,992 | ||||||||||
2,570 | Staples, Inc. | 51,829 | ||||||||||
88,913 | ||||||||||||
Semiconductors & Semiconductor Equipment — 0.8% | ||||||||||||
1,611 | Texas Instruments, Inc. | 34,304 | ||||||||||
The accompanying notes are an integral part of these financial statements.
28
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — 3.4% | ||||||||||||
1,576 | Accenture Ltd. Class A | $ | 52,746 | |||||||||
1,034 | Automatic Data Processing, Inc. | 36,645 | ||||||||||
2,426 | Microsoft Corp. | 57,666 | ||||||||||
147,057 | ||||||||||||
Technology Hardware & Equipment — 5.7% | ||||||||||||
2,102 | Corning, Inc. | 33,756 | ||||||||||
1,441 | Hewlett-Packard Co. | 55,691 | ||||||||||
1,162 | IBM Corp. | 121,357 | ||||||||||
5,330 | Xerox Corp. | 34,538 | ||||||||||
245,342 | ||||||||||||
Telecommunication Services — 5.1% | ||||||||||||
6,946 | AT&T, Inc. | 172,550 | ||||||||||
1,521 | Verizon Communications, Inc. | 46,754 | ||||||||||
219,304 | ||||||||||||
Transportation — 1.4% | ||||||||||||
657 | FedEx Corp. | 36,520 | ||||||||||
455 | United Parcel Service, Inc. Class B | 22,731 | ||||||||||
59,251 | ||||||||||||
Utilities — 5.8% | ||||||||||||
2,037 | Dominion Resources, Inc. | 68,066 | ||||||||||
1,171 | Exelon Corp. | 59,943 | ||||||||||
1,112 | FPL Group, Inc. | 63,234 | ||||||||||
1,304 | PG&E Corp. | 50,133 | ||||||||||
429 | Veolia Environment ADR | 12,679 | ||||||||||
254,055 | ||||||||||||
Total common stocks (cost $4,479,310) | $ | 4,261,239 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
194 | Washington Mutual, Inc. Private Placement (H)(D)(A) | — | ||||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $4,479,310) | $ | 4,261,239 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 1.2% | ||||||||||||
Repurchase Agreements — 1.2% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,269, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $3,334) | ||||||||||||
$ | 3,269 | 0.09%, 6/30/2009 | $ | 3,269 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $30,099, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $30,701) | ||||||||||||
30,099 | 0.05%, 6/30/2009 | 30,099 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $7,569, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $7,720) | ||||||||||||
7,569 | 0.09%, 6/30/2009 | 7,569 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $11,339, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $11,565) | ||||||||||||
11,338 | 0.08%, 6/30/2009 | 11,338 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $10, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $10) | ||||||||||||
10 | 0.03%, 6/30/2009 | 10 | ||||||||||
52,285 | ||||||||||||
Total short-term investments (cost $52,285) | $ | 52,285 | ||||||||||
Total investments (cost $4,531,595) (C) | 100.0 | % | $ | 4,313,524 | ||||||||
Other assets and liabilities | — | % | 909 | |||||||||
Total net assets | 100.0 | % | $ | 4,314,433 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 13.8% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,551,780 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 355,980 | ||
Unrealized Depreciation | (594,236 | ) | ||
Net Unrealized Depreciation | $ | (238,256 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $141, which represents 0.00% of total net assets. | |
(D) | Currently non-income producing. |
The accompanying notes are an integral part of these financial statements.
29
Table of Contents
Hartford Dividend and Growth HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
04/2008 | 1,554 | Washington Mutual, Inc. Private Placement | $ | 13,600 | ||||||
04/2008 | 194 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $141 which represents 0.00% of total net assets. | ||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 4,261,239 | $ | 4,261,098 | $ | — | $ | 141 | ||||||||
Short-Term Investments | 52,285 | — | 52,285 | — | ||||||||||||
Total | $ | 4,313,524 | $ | 4,261,098 | $ | 52,285 | $ | 141 | ||||||||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value: |
Balance as of | Change in | Balance as of | ||||||||||
December 31, | Unrealized | June 30, | ||||||||||
2008 | Appreciation | 2009 | ||||||||||
Assets: | ||||||||||||
Common Stock | $ | 30 | $ | 111 | * | $ | 141 | |||||
Total | $ | 30 | $ | 111 | $ | 141 | ||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $111. |
The accompanying notes are an integral part of these financial statements.
30
Table of Contents
Hartford International Opportunities HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 94.0% | ||||||||||||
Australia — 1.4% | ||||||||||||
40 | Karoon Gas Australia Ltd. (D) | $ | 289 | |||||||||
1,863 | Westfield Group | 17,055 | ||||||||||
17,344 | ||||||||||||
Belgium — 0.6% | ||||||||||||
2,277 | Fortis | 7,797 | ||||||||||
Brazil — 2.5% | ||||||||||||
938 | Banco Bradesco S.A. ADR | 13,848 | ||||||||||
278 | Cia Brasileira de Meios de Pagamentos (D) | 2,387 | ||||||||||
933 | Itau Unibanco Banco Multiplo S.A. ADR | 14,768 | ||||||||||
31,003 | ||||||||||||
Canada — 5.9% | ||||||||||||
1,209 | Brookfield Asset Management, Inc. (D) | 20,683 | ||||||||||
56 | Canadian Natural Resources Ltd. | 2,951 | ||||||||||
168 | EnCana Corp. | 8,310 | ||||||||||
83 | Potash Corp. of Saskatchewan, Inc. ADR | 7,779 | ||||||||||
840 | Suncor Energy, Inc. | 25,541 | ||||||||||
203 | Toronto-Dominion Bank | 10,508 | ||||||||||
75,772 | ||||||||||||
China — 2.5% | ||||||||||||
13,893 | Industrial and Commercial Bank of China | 9,624 | ||||||||||
189 | PetroChina Co. Ltd. ADR | 20,903 | ||||||||||
30,527 | ||||||||||||
Denmark — 0.5% | ||||||||||||
493 | DSV A/S | 6,110 | ||||||||||
France — 6.2% | ||||||||||||
164 | BNP Paribas | 10,725 | ||||||||||
553 | Groupe Danone | 27,398 | ||||||||||
167 | L’Oreal S.A. | 12,536 | ||||||||||
387 | Renault S.A. | 14,290 | ||||||||||
78 | Sanofi-Aventis S.A. | 4,611 | ||||||||||
136 | Total S.A. | 7,388 | ||||||||||
76,948 | ||||||||||||
Germany — 7.3% | ||||||||||||
127 | Allianz SE | 11,693 | ||||||||||
645 | Daimler AG | 23,432 | ||||||||||
1,941 | Deutsche Post AG | 25,338 | ||||||||||
301 | SAP AG | 12,118 | ||||||||||
278 | Siemens AG | 19,246 | ||||||||||
91,827 | ||||||||||||
Greece — 1.1% | ||||||||||||
484 | National Bank of Greece | 13,417 | ||||||||||
Hong Kong — 4.8% | ||||||||||||
5,043 | Cathay Pacific Airways Ltd. | 6,918 | ||||||||||
1,142 | China Merchants Holdings International Co., Ltd. | 3,271 | ||||||||||
2,401 | Esprit Holdings Ltd. | 13,339 | ||||||||||
8,322 | Shangri-La Asia Ltd. | 12,291 | ||||||||||
1,955 | Sun Hung Kai Properties Ltd. | 24,277 | ||||||||||
60,096 | ||||||||||||
Ireland — 2.6% | ||||||||||||
1,220 | CRH plc | 27,929 | ||||||||||
1,025 | Ryanair Holdings plc (D) | 4,738 | ||||||||||
32,667 | ||||||||||||
Israel — 2.3% | ||||||||||||
577 | Teva Pharmaceutical Industries Ltd. ADR | 28,474 | ||||||||||
Japan — 12.5% | ||||||||||||
283 | East Japan Railway Co. | 17,014 | ||||||||||
282 | Eisai Co., Ltd. | 10,013 | ||||||||||
1,713 | Hino Motors Ltd. | 5,333 | ||||||||||
196 | Ibiden Co., Ltd. | 5,487 | ||||||||||
2 | KDDI Corp. | 11,047 | ||||||||||
1,359 | Mitsubishi Electric Corp. | 8,589 | ||||||||||
3,721 | Mitsubishi UFJ Financial Group, Inc. | 22,973 | ||||||||||
519 | NGK Spark Plug Co., Ltd. | 4,955 | ||||||||||
158 | Nidec Corp. | 9,593 | ||||||||||
21 | Nintendo Co., Ltd. | 5,729 | ||||||||||
230 | Nippon Telegraph & Telephone Corp. | 9,379 | ||||||||||
1,117 | Nomura Holdings, Inc. | 9,428 | ||||||||||
67 | Osaka Titanium Technologies | 2,462 | ||||||||||
186 | Secom Co., Ltd. | 7,553 | ||||||||||
407 | Softbank Corp. | 7,932 | ||||||||||
462 | Sumitomo Mitsui Financial Group, Inc. | 18,703 | ||||||||||
149 | Toho Titanium Co., Ltd. | 2,547 | ||||||||||
158,737 | ||||||||||||
Mexico — 0.8% | ||||||||||||
148 | America Movil S.A.B. de C.V. ADR | 5,742 | ||||||||||
368 | Cemex S.A. de C.V. ADR (D) | 3,434 | ||||||||||
9,176 | ||||||||||||
Netherlands — 2.6% | ||||||||||||
304 | ING Groep N.V. | 3,084 | ||||||||||
2,102 | Koninklijke (Royal) KPN N.V. | 29,008 | ||||||||||
32,092 | ||||||||||||
Russia — 0.9% | ||||||||||||
590 | Mechel ADR | 4,926 | ||||||||||
161 | Mobile Telesystems OJSC ADR | 5,935 | ||||||||||
10,861 | ||||||||||||
South Africa — 2.0% | ||||||||||||
148 | Anglo American Platinum Co., Ltd. | 10,494 | ||||||||||
666 | Impala Platinum Holdings Ltd. | 14,741 | ||||||||||
25,235 | ||||||||||||
South Korea — 0.9% | ||||||||||||
24 | Samsung Electronics Co., Ltd. | 11,198 | ||||||||||
Spain — 4.8% | ||||||||||||
2,177 | Banco Santander Central Hispano S.A. | 26,311 | ||||||||||
756 | Enagas | 14,926 | ||||||||||
57 | Industria de Diseno Textil S.A. | 2,764 | ||||||||||
361 | Red Electrica Corporacion S.A. | 16,369 | ||||||||||
60,370 | ||||||||||||
Switzerland — 7.5% | ||||||||||||
327 | Julius Baer Holding Ltd. | 12,722 | ||||||||||
712 | Nestle S.A. | 26,880 | ||||||||||
92 | Roche Holding AG | 12,542 | ||||||||||
151 | Synthes, Inc. | 14,608 | ||||||||||
2,218 | UBS AG | 27,231 | ||||||||||
93,983 | ||||||||||||
Taiwan — 1.1% | ||||||||||||
642 | High Technology Computer Corp. | 9,027 | ||||||||||
1,677 | Hon Hai Precision Industry Co., Ltd. | 5,142 | ||||||||||
14,169 | ||||||||||||
United Kingdom — 22.9% | ||||||||||||
140 | Anglo American plc | 4,107 | ||||||||||
381 | AstraZeneca plc | 16,793 |
The accompanying notes are an integral part of these financial statements.
31
Table of Contents
Hartford International Opportunities HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
United Kingdom — (continued) | ||||||||||||
3,631 | BAE Systems plc | $ | 20,291 | |||||||||
1,740 | Barclays Bank plc | 8,084 | ||||||||||
1,148 | BG Group plc | 19,333 | ||||||||||
4,336 | BP plc | 34,264 | ||||||||||
5,602 | HSBC Holding plc | 46,673 | ||||||||||
1,182 | Imperial Tobacco Group plc | 30,760 | ||||||||||
1,205 | National Grid plc | 10,874 | ||||||||||
482 | Rio Tinto plc | 16,699 | ||||||||||
253 | Rio Tinto plc Rights | 2,907 | ||||||||||
339 | SABMiller plc | 6,915 | ||||||||||
2,562 | Tesco plc | 14,962 | ||||||||||
6,523 | Vodafone Group plc | 12,687 | ||||||||||
196 | Wolseley plc | 3,759 | ||||||||||
2,290 | WPP plc | 15,226 | ||||||||||
2,170 | Xstrata plc | 23,590 | ||||||||||
287,924 | ||||||||||||
United States — 0.3% | ||||||||||||
164 | Frontline Ltd. | 3,983 | ||||||||||
Total common stocks (cost $1,157,919) | $ | 1,179,710 | ||||||||||
EXCHANGE TRADED FUNDS — 2.8% | ||||||||||||
United States — 2.8% | ||||||||||||
404 | iShares MSCI EAFE Index Fund | $ | 18,502 | |||||||||
353 | iShares MSCI Emerging Markets Index Fund | 11,371 | ||||||||||
184 | iShares S&P Eur 350 | 5,776 | ||||||||||
Total exchange traded funds (cost $32,795) | $ | 35,649 | ||||||||||
Total long-term investments (cost $1,190,714) | $ | 1,215,359 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 3.4% | ||||||||||||
Repurchase Agreements — 3.4% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,685, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $2,739) | ||||||||||||
$ | 2,685 | 0.09%, 6/30/2009 | $ | 2,685 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $24,721, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $25,215) | ||||||||||||
24,721 | 0.05%, 6/30/2009 | 24,721 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,216, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $6,341) | ||||||||||||
6,216 | 0.09%, 6/30/2009 | 6,216 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,313, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $9,499) | ||||||||||||
9,313 | 0.08%, 6/30/2009 | 9,313 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $8, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $8) | ||||||||||||
8 | 0.03%, 6/30/2009 | 8 | ||||||||||
42,943 | ||||||||||||
Total short-term investments (cost $42,943) | $ | 42,943 | ||||||||||
Total investments (cost $1,233,657) (C) | 100.2 | % | $ | 1,258,302 | ||||||||
Other assets and liabilities | (0.2 | )% | (2,934 | ) | ||||||||
Total net assets | 100.0 | % | $ | 1,255,368 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 93.7% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,290,565 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 94,960 | ||
Unrealized Depreciation | (127,223 | ) | ||
Net Unrealized Depreciation | $ | (32,263 | ) | |
(D) | Currently non-income producing. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
British Pound (Buy) | $ | 3,828 | $ | 3,842 | 07/01/09 | $ | (14 | ) | ||||||||
Canadian Dollar (Buy) | 1,237 | 1,249 | 07/02/09 | (12 | ) | |||||||||||
Canadian Dollar (Buy) | 2,496 | 2,499 | 07/06/09 | (3 | ) | |||||||||||
Euro (Sell) | 2,787 | 2,797 | 07/01/09 | 10 | ||||||||||||
Euro (Sell) | 2,673 | 2,684 | 07/02/09 | 11 | ||||||||||||
Euro (Sell) | 6,289 | 6,287 | 07/02/09 | (2 | ) | |||||||||||
Euro (Sell) | 5,308 | 5,306 | 07/06/09 | (2 | ) | |||||||||||
Hong Kong Dollar (Buy) | 1,259 | 1,259 | 07/02/09 | — | ||||||||||||
Swiss Franc (Buy) | 1,855 | 1,858 | 07/01/09 | (3 | ) | |||||||||||
Swiss Franc (Buy) | 8,743 | 8,753 | 07/02/09 | (10 | ) | |||||||||||
$ | (25 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
The accompanying notes are an integral part of these financial statements.
32
Table of Contents
Diversification by Industry
as of June 30, 2009
as of June 30, 2009
Percentage of | ||||
Industry | Net Assets | |||
Automobiles & Components | 3.4 | |||
Banks | 15.6 | |||
Capital Goods | 4.5 | |||
Commercial & Professional Services | 0.6 | |||
Consumer Durables & Apparel | 1.6 | |||
Consumer Services | 1.0 | |||
Diversified Financials | 6.1 | |||
Energy | 9.8 | |||
Food & Staples Retailing | 1.2 | |||
Food, Beverage & Tobacco | 7.3 | |||
Health Care Equipment & Services | 1.2 | |||
Household & Personal Products | 1.0 | |||
Insurance | 0.9 | |||
Materials | 9.7 | |||
Media | 1.2 | |||
Other Investment Pools and Funds | 1.5 | |||
Pharmaceuticals, Biotechnology & Life Sciences | 5.8 | |||
Real Estate | 3.3 | |||
Retailing | 1.3 | |||
Semiconductors & Semiconductor Equipment | 0.9 | |||
Software & Services | 1.6 | |||
Technology Hardware & Equipment | 2.3 | |||
Telecommunication Services | 6.6 | |||
Transportation | 5.0 | |||
Utilities | 3.4 | |||
Short-Term Investments | 3.4 | |||
Other Assets and Liabilities | (0.2 | ) | ||
Total | 100.0 | % | ||
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,179,710 | $ | 199,778 | $ | 979,932 | $ | — | ||||||||
Exchange Traded Funds | 35,649 | 35,649 | — | — | ||||||||||||
Short-Term Investments | 42,943 | — | 42,943 | — | ||||||||||||
Total | $ | 1,258,302 | $ | 235,427 | $ | 1,022,875 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | 21 | $ | — | $ | 21 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 46 | $ | — | $ | 46 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Balance as of | Transfers In | Balance as of | ||||||||||
December 31, | and/or Out of | June 30, | ||||||||||
2008 | Level 3 | 2009 | ||||||||||
Assets: | ||||||||||||
Common Stock | $ | 58,546 | $ | (58,546 | ) | $ | — | |||||
Total | $ | 58,546 | $ | (58,546 | ) | $ | — | |||||
The accompanying notes are an integral part of these financial statements.
33
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CERTIFICATES OF DEPOSIT — 1.6% | ||||||||||||
Finance — 1.6% | ||||||||||||
BNP Paribas | ||||||||||||
$ | 27,000 | 0.26%, 08/18/2009 | $ | 27,000 | ||||||||
BNP Paribas Finance | ||||||||||||
21,500 | 0.71%, 07/13/2009 | 21,500 | ||||||||||
Royal Bank of Canada NY | ||||||||||||
9,000 | 0.27%, 08/26/2009 | 9,000 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
14,500 | 0.22%, 07/15/2009 | 14,500 | ||||||||||
72,000 | ||||||||||||
Total certificates of deposit (cost $72,000) | $ | 72,000 | ||||||||||
COMMERCIAL PAPER — 34.9% | ||||||||||||
Basic Materials — 1.1% | ||||||||||||
Praxair, Inc. | ||||||||||||
$ | 33,400 | 0.20%, 07/29/2009 — 07/30/2009 | $ | 33,395 | ||||||||
16,500 | 0.35%, 07/16/2009 | 16,497 | ||||||||||
49,892 | ||||||||||||
Consumer Staples — 4.5% | ||||||||||||
Coca Cola Co. | ||||||||||||
28,000 | 0.20%, 07/29/2009 — 08/19/2009 | 27,995 | ||||||||||
10,750 | 0.22%, 08/21/2009 | 10,746 | ||||||||||
28,000 | 0.50%, 10/05/2009 | 27,963 | ||||||||||
Colgate-Palmolive Co. | ||||||||||||
20,750 | 0.18%, 07/10/2009 | 20,749 | ||||||||||
21,000 | 0.20%, 07/02/2009 | 21,000 | ||||||||||
Proctor & Gamble | ||||||||||||
32,750 | 0.18%, 07/08/2009 (I) | 32,749 | ||||||||||
41,000 | 0.20%, 07/30/2009 — 08/10/2009 (I) | 40,993 | ||||||||||
15,250 | 0.25%, 09/14/2009 (I) | 15,242 | ||||||||||
197,437 | ||||||||||||
Energy — 1.0% | ||||||||||||
ConocoPhillips | ||||||||||||
45,500 | 0.22%, 07/09/2009 (I) | 45,498 | ||||||||||
Finance — 13.4% | ||||||||||||
Citigroup Funding, Inc. | ||||||||||||
47,500 | 0.20%, 09/10/2009 | 47,481 | ||||||||||
42,000 | 0.25%, 08/10/2009 | 41,989 | ||||||||||
European Investment Bank | ||||||||||||
23,500 | 0.21%, 08/17/2009 | 23,494 | ||||||||||
General Electric Capital Corp. | ||||||||||||
74,000 | 0.23%, 07/30/2009 — 09/02/2009 | 73,977 | ||||||||||
JP Morgan Chase Funding, Inc. | ||||||||||||
32,000 | 0.25%, 07/08/2009 — 08/31/2009 | 31,995 | ||||||||||
23,500 | 0.30%, 07/14/2009 | 23,497 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||
25,250 | 0.17%, 08/04/2009 (I) | 25,246 | ||||||||||
43,000 | 0.20%, 07/24/2009 (I) | 42,995 | ||||||||||
20,500 | 0.31%, 09/24/2009 (I) | 20,486 | ||||||||||
25,000 | 0.32%, 10/08/2009 (I) | 24,978 | ||||||||||
19,500 | 0.33%, 08/12/2009 (I) | 19,493 | ||||||||||
Queensland Treasury Corp. | ||||||||||||
15,000 | 0.42%, 08/31/2009 | 14,989 | ||||||||||
20,750 | 0.50%, 10/06/2009 | 20,722 | ||||||||||
32,750 | 0.62%, 07/20/2009 | 32,739 | ||||||||||
Rabobank USA | ||||||||||||
9,750 | 0.19%, 07/16/2009 | 9,749 | ||||||||||
24,500 | 0.25%, 09/03/2009 | 24,489 | ||||||||||
8,500 | 0.30%, 08/21/2009 | 8,497 | ||||||||||
13,250 | 0.64%, 07/06/2009 | 13,249 | ||||||||||
Royal Bank of Scotland plc | ||||||||||||
26,000 | 0.19%, 08/27/2009 | 25,992 | ||||||||||
State Street Corp. | ||||||||||||
33,000 | 0.22%, 08/14/2009 | 32,991 | ||||||||||
Toronto-Dominion Holdings | ||||||||||||
19,250 | 0.35%, 10/21/2009 (I) | 19,229 | ||||||||||
Wells Fargo | ||||||||||||
19,500 | 0.05%, 07/01/2009 | 19,500 | ||||||||||
597,777 | ||||||||||||
Foreign Governments — 10.5% | ||||||||||||
British Columbia (Province of) | ||||||||||||
20,500 | 0.18%, 08/26/2009 | 20,494 | ||||||||||
42,250 | 0.23%, 09/01/2009 — 09/08/2009 | 42,233 | ||||||||||
19,000 | 0.28%, 10/06/2009 | 18,986 | ||||||||||
7,000 | 0.29%, 08/20/2009 | 6,997 | ||||||||||
23,250 | 0.42%, 07/14/2009 | 23,246 | ||||||||||
Canada (Government of) | ||||||||||||
35,250 | 0.23%, 10/06/2009 | 35,228 | ||||||||||
44,750 | 0.25%, 09/11/2009 | 44,728 | ||||||||||
31,250 | 0.58%, 08/07/2009 | 31,231 | ||||||||||
Ontario (Province of) | ||||||||||||
11,300 | 0.20%, 07/08/2009 | 11,300 | ||||||||||
41,500 | 0.22%, 08/04/2009 | 41,491 | ||||||||||
25,250 | 0.23%, 08/13/2009 | 25,243 | ||||||||||
26,750 | 0.24%, 09/09/2009 | 26,737 | ||||||||||
Quebec (Province of) | ||||||||||||
26,250 | 0.20%, 07/09/2009 (M) | 26,249 | ||||||||||
29,000 | 0.23%, 08/24/2009 | 28,990 | ||||||||||
8,000 | 0.27%, 07/21/2009 | 7,999 | ||||||||||
43,250 | 0.28%, 08/04/2009 | 43,239 | ||||||||||
26,750 | 0.45%, 07/20/2009 | 26,744 | ||||||||||
461,135 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Abbott Laboratories | ||||||||||||
19,850 | 0.20%, 07/28/2009 | 19,847 | ||||||||||
11,500 | 0.21%, 08/31/2009 (I) | 11,496 | ||||||||||
31,343 | ||||||||||||
Technology — 1.3% | ||||||||||||
Microsoft Corp. | ||||||||||||
34,250 | 0.20%, 08/21/2009 | 34,241 | ||||||||||
23,600 | 0.23%, 07/07/2009 | 23,599 | ||||||||||
57,840 | ||||||||||||
Transportation — 1.1% | ||||||||||||
General Dynamics Corp. | ||||||||||||
49,500 | 0.21%, 07/01/2009 (I) | 49,500 | ||||||||||
Utilities — 1.3% | ||||||||||||
Florida Power And Light Co. | ||||||||||||
23,000 | 0.17%, 07/06/2009 | 22,999 | ||||||||||
9,100 | 0.20%, 07/07/2009 | 9,100 | ||||||||||
23,250 | 0.23%, 07/27/2009 | 23,246 | ||||||||||
55,345 | ||||||||||||
Total commercial paper (cost $1,545,767) | $ | 1,545,767 | ||||||||||
CORPORATE NOTES — 4.2% | ||||||||||||
Finance — 4.2% | ||||||||||||
American Honda Finance Corp. | ||||||||||||
$ | 25,750 | 0.76%, 09/18/2009 (I)(L) | $ | 25,750 | ||||||||
Australia & New Zealand Banking Group Ltd. | ||||||||||||
26,250 | 1.04%, 10/02/2009 (I)(L)(?) | 26,250 | ||||||||||
Bank of Nova Scotia | ||||||||||||
25,250 | 1.42%, 08/10/2009 (I)(L) | 25,250 | ||||||||||
John Deere Capital Corp. | ||||||||||||
22,300 | 0.71%, 09/01/2009 (L) | 22,297 |
The accompanying notes are an integral part of these financial statements.
34
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE NOTES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Royal Bank of Canada | ||||||||||||
$ | 21,250 | 0.74%, 10/15/2009 (I)(L) | $ | 21,250 | ||||||||
Royal Bank of Scotland plc | ||||||||||||
25,750 | 1.03%, 10/09/2009 (I)(L)(BB) | 25,750 | ||||||||||
Wachovia Bank NA | ||||||||||||
34,000 | 1.59%, 08/04/2009 (L)(BB) | 34,000 | ||||||||||
180,547 | ||||||||||||
Total corporate notes (cost $180,547) | $ | 180,547 | ||||||||||
REPURCHASE AGREEMENTS — 2.9% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $107,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $109,237) | ||||||||||||
$ | 107,371 | 0.01% dated 06/30/2009 | $ | 107,371 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $20,153, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $20,501) | ||||||||||||
20,153 | 0.01% dated 06/30/2009 | 20,153 | ||||||||||
Total repurchase agreements (cost $127,524) | $ | 127,524 | ||||||||||
Shares | ||||||||||||
INVESTMENT POOLS AND FUNDS — 5.4% | ||||||||||||
117,418 | JP Morgan U.S. Government Money Market Fund | 117,418 | ||||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
117,624 | Wells Fargo Advantage Government Money Market Fund | 117,624 | ||||||||||
Total time deposits (cost $235,042) | $ | 235,042 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
U.S. GOVERNMENT AGENCIES — 24.4% | ||||||||||||
Federal Home Loan Bank — 7.7% | ||||||||||||
$ | 66,500 | 0.16%, 07/15/2009 — 07/28/2009 (M) | $ | 66,494 | ||||||||
66,500 | 0.18%, 08/21/2009 (M) | 66,481 | ||||||||||
64,500 | 0.20%, 08/14/2009 | 64,485 | ||||||||||
18,500 | 0.21%, 08/07/2009 | 18,496 | ||||||||||
44,600 | 0.22%, 07/10/2009 — 09/04/2009 | 44,590 | ||||||||||
48,200 | 0.28%, 07/22/2009 | 48,192 | ||||||||||
29,250 | 0.34%, 10/21/2009 (M) | 29,220 | ||||||||||
337,958 | ||||||||||||
Federal Home Loan Mortgage Corp. — 8.6% | ||||||||||||
24,250 | 0.14%, 08/12/2009 | 24,246 | ||||||||||
41,000 | 0.20%, 08/17/2009 (M) | 40,989 | ||||||||||
9,600 | 0.20%, 07/28/2009 | 9,599 | ||||||||||
38,750 | 0.21%, 09/14/2009 | 38,734 | ||||||||||
16,250 | 0.22%, 09/28/2009 | 16,241 | ||||||||||
20,000 | 0.24%, 07/06/2009 (M) | 19,999 | ||||||||||
55,750 | 0.26%, 09/21/2009 — 09/23/2009 | 55,718 | ||||||||||
42,250 | 0.27%, 07/29/2009 — 11/02/2009 | 42,223 | ||||||||||
35,000 | 0.28%, 08/24/2009 | 34,985 | ||||||||||
16,500 | 0.34%, 10/26/2009 (M) | 16,482 | ||||||||||
33,250 | 0.34%, 10/13/2009 | 33,217 | ||||||||||
46,500 | 0.35%, 08/03/2009 | 46,485 | ||||||||||
378,918 | ||||||||||||
Federal National Mortgage Association — 8.1% | ||||||||||||
85,250 | 0.17%, 07/21/2009 — 08/24/2009 (M) | 85,235 | ||||||||||
23,250 | 0.19%, 08/26/2009 | 23,243 | ||||||||||
84,250 | 0.22%, 09/02/2009 — 10/07/2009 | 84,210 | ||||||||||
22,500 | 0.23%, 07/06/2009 (M) | 22,499 | ||||||||||
24,147 | 0.25%, 09/30/2009 | 24,131 | ||||||||||
27,500 | 0.26%, 07/01/2009 | 27,500 | ||||||||||
35,500 | 0.33%, 07/27/2009 | 35,492 | ||||||||||
38,750 | 0.34%, 10/21/2009 | 38,712 | ||||||||||
14,500 | 0.36%, 08/31/2009 (M) | 14,491 | ||||||||||
355,513 | ||||||||||||
Total U.S. government agencies (cost $1,072,389) | $ | 1,072,389 | ||||||||||
U.S. TREASURY BILLS — 20.8% | ||||||||||||
$ | 149,000 | 0.14%, 07/23/2009 (M) | $ | 148,988 | ||||||||
100,000 | 0.16%, 08/20/2009 (M) | 99,978 | ||||||||||
100,000 | 0.18%, 09/15/2009 (M) | 99,962 | ||||||||||
120,000 | 0.20%, 08/06/2009 (M) | 119,977 | ||||||||||
137,000 | 0.23%, 12/29/2009 (M) | 136,845 | ||||||||||
145,000 | 0.26%, 10/15/2009 (M) | 144,890 | ||||||||||
167,000 | 0.31%, 07/02/2009 (M) | 166,999 | ||||||||||
917,639 | ||||||||||||
Total U.S. treasury bills (cost $917,639) | $ | 917,639 | ||||||||||
U.S. TREASURY NOTES — 6.0% | ||||||||||||
$ | 108,000 | 3.49%, 08/15/2009 | $ | 108,446 | ||||||||
81,500 | 4.63%, 07/31/2009 | 81,801 | ||||||||||
71,500 | 5.96%, 08/15/2009 | 72,014 | ||||||||||
262,261 | ||||||||||||
Total U.S. treasury notes (cost $262,261) | $ | 262,261 | ||||||||||
CAPITAL SUPPORT AGREEMENT — 0.0% | ||||||||||||
$ | — | Hartford Life, Inc. Capital Support Agreement (BB) | $ | — | ||||||||
Total investments (cost $4,413,169) (C) | $ | 100.2 | % | $ | 4,413,169 | |||||||
Other assets and liabilities | (0.2 | )% | (8,002 | ) | ||||||||
Total net assets | $ | 100.0 | % | $ | 4,405,167 | |||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. The rates presented in this Schedule of Investments are yields, unless otherwise noted. Market value of investments in foreign securities represents 18.1% of total net assets at June 30, 2009. |
(C) | Also represents cost for tax purposes. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $472,155, which represents 10.72% of total net assets. |
The accompanying notes are an integral part of these financial statements.
35
Table of Contents
Hartford Money Market HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(BB) | The Fund has entered into a Capital Support Agreement with Hartford Life, Inc. which provides that Hartford Life, Inc. will contribute capital to the Fund, up to a specified maximum amount, in the event that the Fund realizes a loss on any of these securities and such realized loss causes the Fund’s net asset value as calculated using fair values to drop below $0.9950. These securities are valued at amortized cost, which approximates fair value. See “Money Market HLS Fund Support Agreement” in the Notes to Financial Statements for additional information. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Certificates of Deposit | $ | 72,000 | $ | — | $ | 72,000 | $ | — | ||||||||
Commercial Paper | 1,545,767 | — | 1,545,767 | — | ||||||||||||
Corporate Notes | 180,547 | — | 180,547 | — | ||||||||||||
Investment Pools and Funds | 235,042 | 235,042 | — | — | ||||||||||||
Repurchase Agreements | 127,524 | — | 127,524 | — | ||||||||||||
U.S. Government Agencies | 1,072,389 | — | 1,072,389 | — | ||||||||||||
U.S. Treasury Bills | 917,639 | — | 917,639 | — | ||||||||||||
U.S. Treasury Notes | 262,261 | — | 262,261 | — | ||||||||||||
Total | $ | 4,413,169 | $ | 235,042 | $ | 4,178,127 | $ | — | ||||||||
Other Financial Instruments (Q) | $ | — | $ | — | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
36
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 96.0% | ||||||||||||
Automobiles & Components — 0.0% | ||||||||||||
6 | Standard Motor Products | $ | 46 | |||||||||
Banks — 1.1% | ||||||||||||
11 | First Citizens Bancshares Class A | 1,477 | ||||||||||
244 | International Bancshares Corp. | 2,519 | ||||||||||
285 | Signature Bank (D) | 7,741 | ||||||||||
11,737 | ||||||||||||
Capital Goods — 8.0% | ||||||||||||
34 | Acuity Brands, Inc. | 963 | ||||||||||
428 | Advanced Battery Technologies, Inc. (D) | 1,721 | ||||||||||
66 | American Superconductor Corp. (D) | 1,720 | ||||||||||
68 | Apogee Enterprises | 841 | ||||||||||
75 | Applied Signal Technology | 1,904 | ||||||||||
51 | AZZ, Inc. (D) | 1,765 | ||||||||||
415 | BE Aerospace, Inc. (D) | 5,954 | ||||||||||
198 | Beacon Roofing Supply, Inc. (D) | 2,860 | ||||||||||
253 | Briggs & Stratton Corp. | 3,370 | ||||||||||
110 | Chart Industries, Inc. (D) | 2,003 | ||||||||||
45 | China Fire & Security Group (D) | 546 | ||||||||||
5 | Clarcor, Inc. | 134 | ||||||||||
53 | Cubic Corp. | 1,885 | ||||||||||
116 | EMCOR Group, Inc. (D) | 2,331 | ||||||||||
109 | Energy Recovery, Inc. (D) | 773 | ||||||||||
41 | ESCO Technologies, Inc. (D) | 1,846 | ||||||||||
310 | Force Protection, Inc. (D) | 2,740 | ||||||||||
10 | GrafTech International Ltd. (D) | 111 | ||||||||||
8 | Graham Corp. | 109 | ||||||||||
43 | Granite Construction, Inc. | 1,432 | ||||||||||
284 | GT Solar International, Inc. (D) | 1,509 | ||||||||||
52 | Heico Corp. | 1,869 | ||||||||||
54 | II-VI, Inc. (D) | 1,197 | ||||||||||
158 | Lennox International, Inc. | 5,073 | ||||||||||
155 | MasTec, Inc. (D) | 1,818 | ||||||||||
34 | Michael Baker Corp. (D) | 1,447 | ||||||||||
15 | Middleby Corp. (D) | 652 | ||||||||||
1 | Nordson Corp. | 52 | ||||||||||
163 | Orbital Sciences Corp. (D) | 2,479 | ||||||||||
96 | Orion Marine Group, Inc. (D) | 1,833 | ||||||||||
75 | Pall Corp. | 1,985 | ||||||||||
201 | Pentair, Inc. | 5,161 | ||||||||||
40 | Powell Industries, Inc. (D) | 1,470 | ||||||||||
169 | Regal-Beloit Corp. | 6,720 | ||||||||||
183 | Sunpower Corp. Class B (D) | 4,390 | ||||||||||
278 | Taser International, Inc. (D) | 1,266 | ||||||||||
261 | Teledyne Technologies, Inc. (D) | 8,563 | ||||||||||
24 | Trex Co., Inc. (D) | 317 | ||||||||||
54 | Watsco, Inc. | 2,642 | ||||||||||
85,451 | ||||||||||||
Commercial & Professional Services — 2.6% | ||||||||||||
48 | ABM Industries, Inc. | 866 | ||||||||||
15 | Administaff, Inc. | 346 | ||||||||||
123 | American Reprographics Co. LLC (D) | 1,025 | ||||||||||
248 | APAC TeleServices, Inc. (D) | 1,271 | ||||||||||
86 | CBIZ, Inc. (D) | 612 | ||||||||||
349 | Corrections Corp. of America (D) | 5,934 | ||||||||||
6 | Geo Group, Inc. (D) | 115 | ||||||||||
6 | GP Strategies Corp. (D) | 38 | ||||||||||
107 | Healthcare Services Group, Inc. | 1,921 | ||||||||||
167 | Herman Miller, Inc. | $ | 2,568 | |||||||||
209 | Knoll, Inc. | 1,588 | ||||||||||
7 | McGrath RentCorp. | 132 | ||||||||||
35 | Rollins, Inc. | 608 | ||||||||||
262 | Sykes Enterprises, Inc. (D) | 4,738 | ||||||||||
100 | Tetra Tech, Inc. (D) | 2,854 | ||||||||||
82 | Watson Wyatt Worldwide, Inc. | 3,068 | ||||||||||
27,684 | ||||||||||||
Consumer Durables & Apparel — 5.4% | ||||||||||||
277 | Carter’s, Inc. (D) | 6,811 | ||||||||||
28 | Deckers Outdoor Corp. (D) | 1,989 | ||||||||||
63 | Fossil, Inc. (D) | 1,523 | ||||||||||
696 | Hanesbrands, Inc. (D) | 10,446 | ||||||||||
551 | Jarden Corp. (D) | 10,331 | ||||||||||
226 | Pool Corp. | 3,741 | ||||||||||
456 | Smith & Wesson Holding Corp. (D) | 2,589 | ||||||||||
73 | Steven Madden Ltd. (D) | 1,868 | ||||||||||
111 | Sturm Ruger & Co., Inc. | 1,378 | ||||||||||
156 | Tempur-Pedic International, Inc. | 2,042 | ||||||||||
111 | Timberland Co. Class A (D) | 1,477 | ||||||||||
104 | Tupperware Brands Corp. | 2,693 | ||||||||||
51 | Under Armour, Inc. Class A (D) | 1,147 | ||||||||||
249 | Warnaco Group, Inc. (D) | 8,072 | ||||||||||
83 | Wolverine World Wide, Inc. | 1,827 | ||||||||||
57,934 | ||||||||||||
Consumer Services — 7.3% | ||||||||||||
47 | American Public Education, Inc. (D) | 1,874 | ||||||||||
124 | Ameristar Casinos, Inc. | 2,354 | ||||||||||
227 | Bally Technologies, Inc. (D) | 6,786 | ||||||||||
100 | BJ’s Restaurants, Inc. (D) | 1,683 | ||||||||||
163 | Brinks Home Security Holding (D) | 4,607 | ||||||||||
163 | Buffalo Wild Wings, Inc. (D) | 5,297 | ||||||||||
118 | California Pizza Kitchen, Inc. (D) | 1,568 | ||||||||||
27 | Capella Education Co. (D) | 1,608 | ||||||||||
54 | CEC Entertainment, Inc. (D) | 1,595 | ||||||||||
421 | Cheesecake Factory, Inc. (D) | 7,281 | ||||||||||
98 | CKE Restaurants, Inc. | 828 | ||||||||||
174 | Coinstar, Inc. (D) | 4,657 | ||||||||||
823 | Corinthian Colleges, Inc. (D) | 13,934 | ||||||||||
56 | Cracker Barrel Old Country Store, Inc. | 1,562 | ||||||||||
145 | Domino’s Pizza, Inc. (D) | 1,085 | ||||||||||
110 | Jack in the Box, Inc. (D) | 2,464 | ||||||||||
126 | K12, Inc. (D) | 2,708 | ||||||||||
291 | Life Time Fitness, Inc. (D) | 5,830 | ||||||||||
120 | Lincoln Educational Services Corp. (D) | 2,503 | ||||||||||
73 | P. F. Chang’s China Bistro, Inc. (D) | 2,333 | ||||||||||
61 | Papa John’s International, Inc. (D) | 1,509 | ||||||||||
146 | Pinnacle Entertainment, Inc. (D) | 1,357 | ||||||||||
4 | Steiner Leisure Ltd. (D) | 131 | ||||||||||
197 | Texas Roadhouse, Inc. (D) | 2,154 | ||||||||||
6 | Universal Travel Group (D) | 66 | ||||||||||
77,774 | ||||||||||||
Diversified Financials — 1.4% | ||||||||||||
134 | Advance America Cash Advance Centers, Inc. | 595 | ||||||||||
178 | Ezcorp, Inc. (D) | 1,916 | ||||||||||
104 | First Cash Financial Services, Inc. (D) | 1,821 | ||||||||||
389 | GFI Group, Inc. | 2,619 | ||||||||||
189 | Knight Capital Group, Inc. (D) | 3,222 | ||||||||||
111 | Life Partners Holdings, Inc. | 1,575 | ||||||||||
153 | optionsXpress Holdings, Inc. | 2,381 | ||||||||||
28 | Stifel Financial (D) | 1,338 | ||||||||||
15,467 | ||||||||||||
Energy — 3.7% | ||||||||||||
127 | Alon USA Energy, Inc. | 1,311 | ||||||||||
186 | Arena Resources, Inc. (D) | 5,913 |
The accompanying notes are an integral part of these financial statements.
37
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Energy — (continued) | ||||||||||||
74 | Carbo Ceramics, Inc. | $ | 2,546 | |||||||||
519 | Complete Production Services, Inc. (D) | 3,300 | ||||||||||
17 | Contango Oil & Gas Co. (D) | 710 | ||||||||||
52 | Dril-Quip, Inc. (D) | 1,989 | ||||||||||
1 | Isramco, Inc. (D) | 77 | ||||||||||
284 | Karoon Gas Australia Ltd. (D) | 2,071 | ||||||||||
54 | Lufkin Industries, Inc. | 2,279 | ||||||||||
138 | Matrix Service Co. (D) | 1,589 | ||||||||||
35 | NATCO Group, Inc. (D) | 1,158 | ||||||||||
105 | Nordic American Tanker Shipping | 3,348 | ||||||||||
86 | Overseas Shipholding Group, Inc. | 2,917 | ||||||||||
24 | RPC, Inc. | 199 | ||||||||||
174 | St. Mary Land & Exploration Co. | 3,628 | ||||||||||
75 | Uranium Energy Corp. (D) | 217 | ||||||||||
350 | Vaalco Energy, Inc. (D) | 1,482 | ||||||||||
188 | Willbros Group, Inc. (D) | 2,346 | ||||||||||
50 | World Fuel Services Corp. | 2,072 | ||||||||||
39,152 | ||||||||||||
Food & Staples Retailing — 1.2% | ||||||||||||
224 | BJ’s Wholesale Club, Inc. (D) | 7,227 | ||||||||||
83 | Casey’s General Stores, Inc. | 2,127 | ||||||||||
96 | Pantry, Inc. (D) | 1,586 | ||||||||||
70 | United Natural Foods, Inc. (D) | 1,829 | ||||||||||
12,769 | ||||||||||||
Food, Beverage & Tobacco — 1.5% | ||||||||||||
35 | American Dairy, Inc. (D) | 1,381 | ||||||||||
74 | American Italian Pasta Co. (D) | 2,158 | ||||||||||
5 | Cal-Maine Foods, Inc. | 129 | ||||||||||
125 | Cental Euro Distribution Corp. (D) | 3,332 | ||||||||||
118 | Darling International, Inc. (D) | 780 | ||||||||||
6 | Diamond Foods, Inc. | 164 | ||||||||||
28 | J&J Snack Foods Corp. | 1,019 | ||||||||||
69 | Lancaster Colony Corp. | 3,028 | ||||||||||
40 | Lance, Inc. | 918 | ||||||||||
58 | Sanderson Farms, Inc. | 2,618 | ||||||||||
55 | Vector Group Ltd. | 789 | ||||||||||
16,316 | ||||||||||||
Health Care Equipment & Services — 12.5% | ||||||||||||
212 | Align Technology, Inc. (D) | 2,249 | ||||||||||
436 | Allscripts Misys Healthcare Solution | 6,909 | ||||||||||
126 | Almost Family, Inc. (D) | 3,278 | ||||||||||
53 | Amedisys, Inc. (D) | 1,763 | ||||||||||
207 | American Medical Systems Holdings (D) | 3,277 | ||||||||||
120 | Amerigroup Corp. (D) | 3,228 | ||||||||||
46 | Angiodynamics, Inc. (D) | 611 | ||||||||||
71 | Athenahealth, Inc. (D) | 2,636 | ||||||||||
59 | Catalyst Health Solutions (D) | 1,460 | ||||||||||
97 | Centene Corp. (D) | 1,946 | ||||||||||
4 | Chemed Corp. | 152 | ||||||||||
107 | CryoLife, Inc. (D) | 595 | ||||||||||
6 | Cyberonics, Inc. (D) | 99 | ||||||||||
397 | Eclipsys Corp. (D) | 7,064 | ||||||||||
53 | Emergency Medical Services (D) | 1,935 | ||||||||||
10 | Enteromedics, Inc. (D) | 33 | ||||||||||
52 | Genoptix, Inc. (D) | 1,663 | ||||||||||
43 | Haemonetics Corp. (D) | 2,470 | ||||||||||
372 | Health Net, Inc. (D) | 5,777 | ||||||||||
710 | HealthSouth Corp. (D) | 10,254 | ||||||||||
80 | HMS Holdings Corp. (D) | 3,264 | ||||||||||
61 | ICU Medical, Inc. (D) | 2,496 | ||||||||||
250 | Inverness Medical Innovation, Inc. (D) | 8,899 | ||||||||||
52 | IPC The Hospitalist Co. (D) | 1,401 | ||||||||||
22 | Landauer, Inc. | 1,351 | ||||||||||
76 | LHC Group, Inc. (D) | 1,698 | ||||||||||
282 | Masimo Corp. (D) | 6,790 | ||||||||||
154 | MedAssets, Inc. (D) | 2,992 | ||||||||||
73 | NuVasive, Inc. (D) | 3,272 | ||||||||||
86 | Omnicare, Inc. | 2,221 | ||||||||||
81 | Palomar Medical Technologies, Inc. (D) | 1,192 | ||||||||||
55 | PharMerica Corp. (D) | 1,087 | ||||||||||
126 | Phase Forward, Inc. (D) | 1,902 | ||||||||||
61 | Providence Service Corp. (D) | 664 | ||||||||||
178 | Psychiatric Solutions, Inc. (D) | 4,039 | ||||||||||
62 | Quality Systems | 3,516 | ||||||||||
55 | Rehabcare Group, Inc. (D) | 1,308 | ||||||||||
75 | Sirona Dental Systems, Inc. (D) | 1,490 | ||||||||||
299 | SSL International plc | 2,554 | ||||||||||
104 | STERIS Corp. | 2,721 | ||||||||||
137 | Thoratec Corp. (D) | 3,676 | ||||||||||
45 | Triple-S Management Corp., Class B (D) | 698 | ||||||||||
2 | Utah Medical Products, Inc. | 57 | ||||||||||
78 | Varian Medical Systems, Inc. (D) | 2,758 | ||||||||||
559 | Volcano Corp. (D) | 7,815 | ||||||||||
3 | Young Innovations, Inc. | 56 | ||||||||||
250 | Zoll Medical Corp. (D) | 4,842 | ||||||||||
132,158 | ||||||||||||
Household & Personal Products — 1.4% | ||||||||||||
461 | American Oriental Bioengineering, Inc. (D) | 2,440 | ||||||||||
35 | Chattem, Inc. (D) | 2,407 | ||||||||||
20 | China Sky One Medical, Inc. (D) | 264 | ||||||||||
256 | Herbalife Ltd. | 8,059 | ||||||||||
98 | Nu Skin Enterprises, Inc. Class A | 1,501 | ||||||||||
14,671 | ||||||||||||
Insurance — 1.4% | ||||||||||||
118 | Allied World Assurance Holdings Ltd. | 4,803 | ||||||||||
198 | Assured Guaranty Ltd. | 2,454 | ||||||||||
43 | eHealth, Inc. (D) | 760 | ||||||||||
618 | Lancashire Holdings Ltd. (D) | 4,748 | ||||||||||
74 | Tower Group, Inc. | 1,829 | ||||||||||
14,594 | ||||||||||||
Materials — 2.3% | ||||||||||||
28 | Arch Chemicals, Inc. | 678 | ||||||||||
46 | BWAY Holding Co. (D) | 809 | ||||||||||
5 | China Green Agriculture, Inc. (D) | 44 | ||||||||||
170 | Cytec Industries, Inc. | 3,167 | ||||||||||
166 | Eagle Materials, Inc. | 4,184 | ||||||||||
56 | Koppers Holdings, Inc. | 1,464 | ||||||||||
75 | LSB Industries, Inc. (D) | 1,213 | ||||||||||
29 | Newmarket Corp. | 1,983 | ||||||||||
29 | Omnova Solutions, Inc. (D) | 94 | ||||||||||
35 | Paramount Gold & Silver Corp. (D) | 53 | ||||||||||
59 | Rock Tenn Co. Class A | 2,252 | ||||||||||
176 | Scotts Miracle-Gro Co. Class A | 6,162 | ||||||||||
33 | Silgan Holdings, Inc. | 1,605 | ||||||||||
107 | Worthington Industries, Inc. | 1,363 | ||||||||||
25,071 | ||||||||||||
Media — 1.2% | ||||||||||||
6 | Carmike Cinemas, Inc. | 50 | ||||||||||
145 | Dolan Media Co. (D) | 1,859 | ||||||||||
135 | DreamWorks Animation SKG, Inc. (D) | 3,729 | ||||||||||
172 | Marvel Entertainment, Inc. (D) | 6,124 | ||||||||||
32 | National Cinemedia, Inc. | 435 |
The accompanying notes are an integral part of these financial statements.
38
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Media — (continued) | ||||||||||||
14 | Rentrak Corp. (D) | $ | 229 | |||||||||
12,426 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 8.6% | ||||||||||||
601 | Alkermes, Inc. (D) | 6,498 | ||||||||||
14 | Aryx Therapeutics, Inc. (D) | 56 | ||||||||||
135 | Auxilium Pharmaceuticals, Inc. (D) | 4,231 | ||||||||||
60 | Avanir Pharmaceuticals (D) | 134 | ||||||||||
109 | AVI BioPharma, Inc. (D) | 172 | ||||||||||
616 | Celera Corp. (D) | 4,697 | ||||||||||
73 | Cephalon, Inc. (D) | 4,107 | ||||||||||
129 | Cougar Biotechnology, Inc. (D) | 5,559 | ||||||||||
376 | Cubist Pharmaceuticals, Inc. (D) | 6,894 | ||||||||||
25 | Dionex Corp. (D) | 1,521 | ||||||||||
186 | Enzon, Inc. (D) | 1,461 | ||||||||||
193 | eResearch Technology, Inc. (D) | 1,197 | ||||||||||
15 | Harvard Bioscience, Inc. (D) | 60 | ||||||||||
347 | Icon plc ADR (D) | 7,495 | ||||||||||
139 | Impax Laboratories, Inc. (D) | 1,025 | ||||||||||
154 | Isis Pharmaceuticals, Inc. (D) | 2,538 | ||||||||||
7 | Lannet, Inc. (D) | 46 | ||||||||||
116 | Martek Biosciences Corp. | 2,449 | ||||||||||
24 | Maxygen, Inc. (D) | 164 | ||||||||||
301 | Medicines Co. (D) | 2,526 | ||||||||||
8 | Medicis Pharmaceutical Corp. Class A | 136 | ||||||||||
61 | Myriad Genetics, Inc. (D) | 2,175 | ||||||||||
40 | Myriad Pharmaceuticals, Inc. (D) | 188 | ||||||||||
269 | Nektar Therapeutics (D) | 1,746 | ||||||||||
83 | NPS Pharmaceuticals, Inc. (D) | 387 | ||||||||||
181 | Onyx Pharmaceuticals, Inc. (D) | 5,106 | ||||||||||
110 | OSI Pharmaceuticals, Inc. (D) | 3,097 | ||||||||||
419 | PAREXEL International Corp. (D) | 6,021 | ||||||||||
298 | PDL Biopharma, Inc. | 2,353 | ||||||||||
319 | Questcor Pharmaceuticals (D) | 1,597 | ||||||||||
295 | Regeneron Pharmaceuticals, Inc. (D) | 5,282 | ||||||||||
167 | Spectrum Pharmaceuticals, Inc. (D) | 1,276 | ||||||||||
50 | United Therapeutics Corp. (D) | 4,197 | ||||||||||
95 | Vertex Pharmaceuticals, Inc. (D) | 3,387 | ||||||||||
229 | VIVUS, Inc. (D) | 1,391 | ||||||||||
91,169 | ||||||||||||
Real Estate — 1.0% | ||||||||||||
632 | Diamondrock Hospitality | 3,955 | ||||||||||
29 | PS Business Parks, Inc. | 1,407 | ||||||||||
54 | Tanger Factory Outlet Center | 1,764 | ||||||||||
146 | Taubman Centers, Inc. | 3,926 | ||||||||||
11,052 | ||||||||||||
Retailing — 4.3% | ||||||||||||
121 | 99 Cents Only Stores (D) | 1,646 | ||||||||||
148 | Advance Automotive Parts, Inc. | 6,148 | ||||||||||
117 | Aeropostale, Inc. (D) | 4,017 | ||||||||||
33 | Blue Nile, Inc. (D) | 1,428 | ||||||||||
68 | Cato Corp. | 1,188 | ||||||||||
77 | Children’s Place Retail Stores, Inc. (D) | 2,039 | ||||||||||
51 | Citi Trends, Inc. (D) | 1,312 | ||||||||||
24 | Core-Mark Holding Co., Inc. (D) | 636 | ||||||||||
3 | Destination Maternity Corp. (D) | 52 | ||||||||||
72 | Fred’s, Inc. | 911 | ||||||||||
205 | Gymboree Corp. (D) | 7,273 | ||||||||||
61 | Hibbett Sports, Inc. (D) | 1,100 | ||||||||||
187 | Hot Topic, Inc. (D) | 1,367 | ||||||||||
76 | J. Crew Group, Inc. (D) | 2,046 | ||||||||||
96 | Jo-Ann Stores, Inc. (D) | 1,982 | ||||||||||
43 | Joseph A. Bank Clothiers, Inc. (D) | 1,492 | ||||||||||
230 | Lumber Liquidators, Inc. (D) | 3,618 | ||||||||||
593 | OfficeMax, Inc. | 3,724 | ||||||||||
110 | PetMed Express, Inc. (D) | 1,658 | ||||||||||
59 | Tractor Supply Co. (D) | 2,432 | ||||||||||
12 | Wet Seal, Inc. Class A (D) | 38 | ||||||||||
46,107 | ||||||||||||
Semiconductors & Semiconductor Equipment — 4.1% | ||||||||||||
285 | Amkor Technology, Inc. (D) | 1,350 | ||||||||||
359 | Atheros Communications, Inc. (D) | 6,911 | ||||||||||
81 | Cavium Networks, Inc. (D) | 1,363 | ||||||||||
63 | Hittite Microwave Corp. (D) | 2,196 | ||||||||||
23 | Micrel, Inc. | 168 | ||||||||||
139 | Microsemi Corp. (D) | 1,915 | ||||||||||
59 | Netlogic Microsystems, Inc. (D) | 2,156 | ||||||||||
38 | NVE Corp. (D) | 1,834 | ||||||||||
1,110 | ON Semiconductor Corp. (D) | 7,617 | ||||||||||
2,507 | RF Micro Devices, Inc. (D) | 9,428 | ||||||||||
112 | Semtech Corp. (D) | 1,789 | ||||||||||
411 | Skyworks Solutions, Inc. (D) | 4,015 | ||||||||||
97 | Tessera Technologies, Inc. (D) | 2,457 | ||||||||||
45 | Ultratech Stepper, Inc. (D) | 553 | ||||||||||
43,752 | ||||||||||||
Software & Services — 14.7% | ||||||||||||
44 | ACI Worldwide, Inc. (D) | 618 | ||||||||||
214 | Acxiom Corp. | 1,890 | ||||||||||
69 | Advent Software, Inc. (D) | 2,270 | ||||||||||
317 | ArcSight, Inc. (D) | 5,631 | ||||||||||
143 | Ariba, Inc. (D) | 1,404 | ||||||||||
387 | Art Technology Group, Inc. (D) | 1,472 | ||||||||||
92 | AsiaInfo Holdings, Inc. (D) | 1,586 | ||||||||||
96 | Blackbaud, Inc. | 1,489 | ||||||||||
59 | Blackboard, Inc. (D) | 1,697 | ||||||||||
83 | Concur Technologies, Inc. (D) | 2,588 | ||||||||||
343 | Constant Contact, Inc. (D) | 6,795 | ||||||||||
42 | CSG Systems International, Inc. (D) | 557 | ||||||||||
105 | CyberSource Corp. (D) | 1,611 | ||||||||||
105 | DealerTrack Holdings, Inc. (D) | 1,787 | ||||||||||
59 | Digital River, Inc. (D) | 2,138 | ||||||||||
110 | Earthlink, Inc. (D) | 817 | ||||||||||
122 | Equinix, Inc. (D) | 8,847 | ||||||||||
4 | Forrester Research, Inc. (D) | 94 | ||||||||||
148 | Gartner, Inc. Class A (D) | 2,262 | ||||||||||
170 | Global Cash Access, Inc. (D) | 1,349 | ||||||||||
180 | Informatica Corp. (D) | 3,097 | ||||||||||
137 | j2 Global Communications, Inc. (D) | 3,081 | ||||||||||
192 | Jack Henry & Associates, Inc. | 3,985 | ||||||||||
89 | Manhattan Associates, Inc. (D) | 1,626 | ||||||||||
31 | MAXIMUS, Inc. | 1,281 | ||||||||||
95 | Mercadolibre, Inc. (D) | 2,547 | ||||||||||
26 | MicroStrategy, Inc. (D) | 1,300 | ||||||||||
46 | MoneyGram International, Inc. (D) | 83 | ||||||||||
104 | Net 1 UEPS Technologies, Inc. (D) | 1,416 | ||||||||||
45 | Netscout Systems, Inc. (D) | 419 | ||||||||||
250 | Neustar, Inc. (D) | 5,549 | ||||||||||
224 | Nice Systems Ltd. (D) | 5,177 | ||||||||||
236 | Parametric Technology Corp. (D) | 2,764 | ||||||||||
95 | Pegasystems, Inc. | 2,495 | ||||||||||
163 | Rackspace Hosting, Inc. (D) | 2,258 | ||||||||||
269 | Red Hat, Inc. (D) | 5,424 | ||||||||||
157 | S1 Corp. (D) | 1,080 | ||||||||||
9 | Sapient Corp. (D) | 59 | ||||||||||
150 | Smith Micro Software, Inc. (D) | 1,472 |
The accompanying notes are an integral part of these financial statements.
39
Table of Contents
Hartford Small Company HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — (continued) | ||||||||||||
74 | Solarwinds, Inc. (D) | $ | 1,220 | |||||||||
498 | Solera Holdings, Inc. (D) | 12,654 | ||||||||||
46 | SPSS, Inc. (D) | 1,520 | ||||||||||
62 | Syntel, Inc. | 1,961 | ||||||||||
93 | Taleo Corp. Class A (D) | 1,694 | ||||||||||
317 | Tibco Software, Inc. (D) | 2,270 | ||||||||||
695 | TiVo, Inc. (D) | 7,284 | ||||||||||
26 | Tyler Corp. (D) | 400 | ||||||||||
161 | Valueclick, Inc. (D) | 1,692 | ||||||||||
285 | VistaPrint Ltd. (D) | 12,158 | ||||||||||
354 | Vocus, Inc. (D) | 6,994 | ||||||||||
174 | Websense, Inc. (D) | 3,101 | ||||||||||
171 | Wind River Systems, Inc. (D) | 1,964 | ||||||||||
352 | Wright Express Corp. (D) | 8,965 | ||||||||||
155,892 | ||||||||||||
Technology — 0.0% | ||||||||||||
18 | Polypore International, Inc. (D) | 197 | ||||||||||
Technology Hardware & Equipment — 7.9% | ||||||||||||
880 | 3Com Corp. (D) | 4,143 | ||||||||||
50 | Acme Packet, Inc. (D) | 507 | ||||||||||
72 | ADTRAN, Inc. | 1,555 | ||||||||||
41 | Anaren Microwave, Inc. (D) | 721 | ||||||||||
197 | Arris Group, Inc. (D) | 2,390 | ||||||||||
254 | Aruba Networks, Inc. (D) | 2,222 | ||||||||||
— | Bigband Networks, Inc. (D) | 1 | ||||||||||
200 | Brightpoint, Inc. (D) | 1,254 | ||||||||||
181 | Cogent, Inc. (D) | 1,937 | ||||||||||
59 | Cognex Corp. | 829 | ||||||||||
56 | Comtech Telecommunications Corp. (D) | 1,775 | ||||||||||
118 | Data Domain, Inc. (D) | 3,925 | ||||||||||
30 | DG Fastchannel, Inc. (D) | 554 | ||||||||||
330 | Harmonic, Inc. (D) | 1,944 | ||||||||||
618 | Jabil Circuit, Inc. | 4,583 | ||||||||||
43 | Logitech International S.A. (D) | 599 | ||||||||||
1 | Novatel Wireless, Inc. (D) | 8 | ||||||||||
55 | Osi Systems, Inc. (D) | 1,155 | ||||||||||
244 | Palm, Inc. (D) | 4,040 | ||||||||||
65 | Plantronics, Inc. | 1,223 | ||||||||||
282 | Plexus Corp. (D) | 5,778 | ||||||||||
421 | Polycom, Inc. (D) | 8,536 | ||||||||||
358 | Riverbed Technology, Inc. (D) | 8,302 | ||||||||||
16 | Scansource, Inc. (D) | 404 | ||||||||||
911 | Seagate Technology | 9,527 | ||||||||||
357 | Starent Networks Corp. (D) | 8,723 | ||||||||||
70 | STEC, Inc. (D) | 1,621 | ||||||||||
76 | Synaptics, Inc. (D) | 2,950 | ||||||||||
106 | Tekelec (D) | 1,786 | ||||||||||
82,992 | ||||||||||||
Telecommunication Services — 1.8% | ||||||||||||
21 | AboveNet, Inc. (D) | 1,733 | ||||||||||
46 | Alaska Communication Systems Holdings, Inc. | 336 | ||||||||||
5 | Cbeyond, Inc. (D) | 73 | ||||||||||
367 | Centennial Cellular Corp. Class A (D) | 3,067 | ||||||||||
10 | Consolidated Communications Holdings, Inc. | 116 | ||||||||||
18 | Incontact, Inc. (D) | 49 | ||||||||||
125 | Iowa Telecommunications Services, Inc. | 1,562 | ||||||||||
116 | Neutral Tandem, Inc. (D) | 3,414 | ||||||||||
97 | NTELOS Holdings Corp. | 1,779 | ||||||||||
150 | Premiere Global Services, Inc. (D) | 1,624 | ||||||||||
47 | Shenandoah Telecommunications Co. | 956 | ||||||||||
147 | Syniverse Holdings, Inc. (D) | 2,349 | ||||||||||
85 | USA Mobility, Inc. | 1,082 | ||||||||||
214 | Virgin Mobile USA, Inc. (D) | 859 | ||||||||||
18,999 | ||||||||||||
Transportation — 2.2% | ||||||||||||
127 | Con-way, Inc. | 4,477 | ||||||||||
121 | Copa Holdings S.A. Class A | 4,926 | ||||||||||
5 | Heartland Express, Inc. | 81 | ||||||||||
207 | Hub Group, Inc. (D) | 4,267 | ||||||||||
143 | J.B. Hunt Transport Services, Inc. | 4,378 | ||||||||||
22 | Knight Transportation, Inc. | 359 | ||||||||||
357 | Localiza Rent a Car S.A. | 2,206 | ||||||||||
287 | Tam S.A. (D) | 2,991 | ||||||||||
23,685 | ||||||||||||
Utilities — 0.4% | ||||||||||||
73 | New Jersey Resources Corp. | 2,696 | ||||||||||
32 | South Jersey Industries, Inc. | 1,125 | ||||||||||
3,821 | ||||||||||||
Total common stocks (cost $989,569) | $ | 1,020,916 | ||||||||||
EXCHANGE TRADED FUNDS — 1.5% | ||||||||||||
Other Investment Pools and Funds — 1.5% | ||||||||||||
277 | iShares Russell 2000 Growth Index Fund | $ | 15,720 | |||||||||
Total exchange traded funds (cost $15,762) | $ | 15,720 | ||||||||||
Total long-term investments (cost $1,005,331) | $ | 1,036,636 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 2.4% | ||||||||||||
Repurchase Agreements — 2.2% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $979, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $998) | ||||||||||||
$ | 979 | 0.09%, 6/30/2009 | $ | 979 | ||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $6,371, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $6,482) | ||||||||||||
6,371 | 0.01%, 6/30/2009 | 6,371 | ||||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $9,011, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $9,192) | ||||||||||||
9,011 | 0.05%, 6/30/2009 | 9,011 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,266, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $2,311) | ||||||||||||
2,266 | 0.09%, 6/30/2009 | 2,266 |
The accompanying notes are an integral part of these financial statements.
40
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — (continued) | ||||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,395, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $3,463) | ||||||||||||
$ | 3,395 | 0.08%, 6/30/2009 | $ | 3,395 | ||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $3) | ||||||||||||
3 | 0.03%, 6/30/2009 | 3 | ||||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,196, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1,216) | ||||||||||||
1,196 | 0.01%, 6/30/2009 | 1,196 | ||||||||||
23,221 | ||||||||||||
U.S. Treasury Bills — 0.2% | ||||||||||||
1,950 | 0.13%, 7/16/2009 (S)(M) | 1,950 | ||||||||||
Total short-term investments (cost $25,171) | $ | 25,171 | ||||||||||
Total investments (cost $1,030,502) (C) | 99.9 | % | $ | 1,061,807 | ||||||||
Other assets and liabilities | 0.1 | % | 1,185 | |||||||||
Total net assets | 100.0 | % | $ | 1,062,992 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 3.5% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $1,055,819 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 86,269 | ||
Unrealized Depreciation | (80,281 | ) | ||
Net Unrealized Appreciation | $ | 5,988 | ||
(D) | Currently non-income producing. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. |
Futures Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
Russell 2000 Mini | 125 | Long | Sep 2009 | $ | (156 | ) | ||||||||||
* | The number of contracts does not omit 000’s. | |
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 1,020,916 | $ | 1,011,543 | $ | 9,373 | $ | — | ||||||||
Exchange Traded Funds | 15,720 | 15,720 | — | — | ||||||||||||
Short-Term Investments | 25,171 | — | 25,171 | — | ||||||||||||
Total | $ | 1,061,807 | $ | 1,027,263 | $ | 34,544 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 156 | $ | 156 | $ | — | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
The accompanying notes are an integral part of these financial statements.
41
Table of Contents
Hartford Stock HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — 99.5% | ||||||||||||
Automobiles & Components — 0.5% | ||||||||||||
1,768 | Ford Motor Co. (D) | $ | 10,729 | |||||||||
Banks — 3.7% | ||||||||||||
208 | PNC Financial Services Group, Inc. | 8,056 | ||||||||||
372 | Standard Chartered plc | 7,001 | ||||||||||
3,669 | Washington Mutual, Inc. Private Placement (H)(A) | 334 | ||||||||||
2,626 | Wells Fargo & Co. | 63,707 | ||||||||||
79,098 | ||||||||||||
Capital Goods — 7.6% | ||||||||||||
251 | Boeing Co. | 10,663 | ||||||||||
388 | Cummins, Inc. | 13,665 | ||||||||||
165 | Danaher Corp. | 10,187 | ||||||||||
337 | Deere & Co. | 13,471 | ||||||||||
2,311 | General Electric Co. | 27,082 | ||||||||||
656 | Honeywell International, Inc. | 20,605 | ||||||||||
578 | Illinois Tool Works, Inc. | 21,564 | ||||||||||
503 | Ingersoll-Rand Co. Class A | 10,517 | ||||||||||
209 | Lockheed Martin Corp. | 16,840 | ||||||||||
212 | Siemens AG ADR | 14,634 | ||||||||||
159,228 | ||||||||||||
Diversified Financials — 12.3% | ||||||||||||
868 | Ameriprise Financial, Inc. | 21,076 | ||||||||||
4,919 | Bank of America Corp. | 64,929 | ||||||||||
2,457 | Discover Financial Services, Inc. | 25,235 | ||||||||||
270 | Goldman Sachs Group, Inc. | 39,750 | ||||||||||
1,188 | Invesco Ltd. | 21,166 | ||||||||||
1,512 | JP Morgan Chase & Co. | 51,564 | ||||||||||
754 | UBS AG | 9,258 | ||||||||||
2,272 | UBS AG ADR | 27,736 | ||||||||||
260,714 | ||||||||||||
Energy — 14.0% | ||||||||||||
210 | BP plc ADR | 10,008 | ||||||||||
312 | Cameco Corp. | 7,990 | ||||||||||
105 | Chevron Corp. | 6,923 | ||||||||||
345 | EOG Resources, Inc. | 23,460 | ||||||||||
1,407 | Exxon Mobil Corp. | 98,384 | ||||||||||
485 | Hess Corp. | 26,058 | ||||||||||
387 | Marathon Oil Corp. | 11,651 | ||||||||||
747 | OAO Gazprom Class S ADR | 15,128 | ||||||||||
300 | Occidental Petroleum Corp. | 19,737 | ||||||||||
311 | Petro-Canada | 11,960 | ||||||||||
516 | Petroleo Brasileiro S.A. ADR | 21,142 | ||||||||||
567 | Schlumberger Ltd. | 30,653 | ||||||||||
503 | Suncor Energy, Inc. ADR | 15,252 | ||||||||||
298,346 | ||||||||||||
Food & Staples Retailing — 2.9% | ||||||||||||
602 | Kroger Co. | 13,281 | ||||||||||
775 | Safeway, Inc. | 15,785 | ||||||||||
172 | Supervalu, Inc. | 2,221 | ||||||||||
407 | Walgreen Co. | 11,969 | ||||||||||
372 | Wal-Mart Stores, Inc. | 18,010 | ||||||||||
61,266 | ||||||||||||
Food, Beverage & Tobacco — 5.7% | ||||||||||||
588 | General Mills, Inc. | 32,957 | ||||||||||
1,192 | PepsiCo, Inc. | 65,523 | ||||||||||
900 | Unilever N.V. NY Shares ADR | 21,769 | ||||||||||
120,249 | ||||||||||||
Health Care Equipment & Services — 3.0% | ||||||||||||
70 | Intuitive Surgical, Inc. (D) | 11,489 | ||||||||||
922 | Medtronic, Inc. | 32,176 | ||||||||||
309 | Varian Medical Systems, Inc. (D) | 10,851 | ||||||||||
225 | Zimmer Holdings, Inc. (D) | 9,585 | ||||||||||
64,101 | ||||||||||||
Household & Personal Products — 0.8% | ||||||||||||
352 | Procter & Gamble Co. | 17,982 | ||||||||||
Insurance — 1.0% | ||||||||||||
261 | ACE Ltd. | 11,564 | ||||||||||
491 | Marsh & McLennan Cos., Inc. | 9,878 | ||||||||||
21,442 | ||||||||||||
Materials — 1.4% | ||||||||||||
544 | Cliff’s Natural Resources, Inc. | 13,312 | ||||||||||
185 | Potash Corp. of Saskatchewan, Inc. | 17,224 | ||||||||||
30,536 | ||||||||||||
Media — 3.8% | ||||||||||||
3,171 | Comcast Corp. Class A | 45,954 | ||||||||||
504 | Time Warner, Inc. | 12,704 | ||||||||||
957 | Viacom, Inc. Class B (D) | 21,715 | ||||||||||
80,373 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences — 9.6% | ||||||||||||
612 | Abbott Laboratories | 28,765 | ||||||||||
834 | Daiichi Sankyo Co., Ltd. | 14,885 | ||||||||||
2,385 | Elan Corp. plc ADR (D) | 15,192 | ||||||||||
435 | Eli Lilly & Co. | 15,082 | ||||||||||
975 | Merck & Co., Inc. | 27,253 | ||||||||||
2,228 | Pfizer, Inc. | 33,424 | ||||||||||
829 | Schering-Plough Corp. | 20,832 | ||||||||||
1,124 | Shionogi & Co., Ltd. | 21,721 | ||||||||||
307 | UCB S.A. | 9,871 | ||||||||||
511 | Vertex Pharmaceuticals, Inc. (D) | 18,223 | ||||||||||
205,248 | ||||||||||||
Real Estate — 0.0% | ||||||||||||
2 | Simon Property Group, Inc. | 97 | ||||||||||
Retailing — 6.1% | ||||||||||||
297 | Best Buy Co., Inc. | 9,943 | ||||||||||
10,986 | Buck Holdings L.P. (H)(D)(A) | 13,051 | ||||||||||
584 | Kohl’s Corp. (D) | 24,953 | ||||||||||
1,352 | Lowe’s Co., Inc. | 26,242 | ||||||||||
513 | Nordstrom, Inc. | 10,208 | ||||||||||
1,327 | Staples, Inc. | 26,773 | ||||||||||
481 | Target Corp. | 18,969 | ||||||||||
130,139 | ||||||||||||
Semiconductors & Semiconductor Equipment — 3.2% | ||||||||||||
465 | Lam Research Corp. (D) | 12,077 | ||||||||||
1,931 | Maxim Integrated Products, Inc. | 30,289 | ||||||||||
1,220 | Texas Instruments, Inc. | 25,984 | ||||||||||
68,350 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
42
Table of Contents
Market | ||||||||||||
Shares | Value (W) | |||||||||||
COMMON STOCKS — (continued) | ||||||||||||
Software & Services — 6.9% | ||||||||||||
597 | Accenture Ltd. Class A | $ | 19,966 | |||||||||
62 | Google, Inc. (D) | 26,056 | ||||||||||
2,772 | Microsoft Corp. | 65,898 | ||||||||||
470 | Oracle Corp. | 10,063 | ||||||||||
1,539 | Western Union Co. | 25,247 | ||||||||||
147,230 | ||||||||||||
Technology Hardware & Equipment — 10.4% | ||||||||||||
298 | Apple, Inc. (D) | 42,430 | ||||||||||
3,017 | Cisco Systems, Inc. (D) | 56,231 | ||||||||||
535 | Corning, Inc. | 8,589 | ||||||||||
2,384 | Flextronics International Ltd. (D) | 9,798 | ||||||||||
1,251 | Hewlett-Packard Co. | 48,351 | ||||||||||
688 | NetApp, Inc. (D) | 13,557 | ||||||||||
929 | Qualcomm, Inc. | 41,968 | ||||||||||
220,924 | ||||||||||||
Telecommunication Services — 1.2% | ||||||||||||
356 | AT&T, Inc. | 8,836 | ||||||||||
1,293 | MetroPCS Communications, Inc. (D) | 17,203 | ||||||||||
26,039 | ||||||||||||
Transportation — 3.0% | ||||||||||||
3,367 | Delta Air Lines, Inc. (D) | 19,492 | ||||||||||
316 | FedEx Corp. | 17,592 | ||||||||||
537 | United Parcel Service, Inc. Class B | 26,835 | ||||||||||
63,919 | ||||||||||||
Utilities — 2.4% | ||||||||||||
669 | Exelon Corp. | 34,280 | ||||||||||
259 | Northeast Utilities | 5,787 | ||||||||||
294 | PG&E Corp. | 11,294 | ||||||||||
51,361 | ||||||||||||
Total common stocks (cost $2,424,893) | $ | 2,117,371 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
459 | Washington Mutual, Inc. Private Placement (H)(D)(A) | $ | — | |||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $2,424,893) | $ | 2,117,371 | ||||||||||
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||||||
Repurchase Agreements — 0.3% | ||||||||||||
Banc of America Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $367, collateralized by FHLMC 5.00%, 2039, FNMA 5.00%, 2036, value of $374) | ||||||||||||
$ | 367 | 0.09%, 6/30/2009 | $ | 367 | ||||||||
BNP Paribas Securities Corp. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $3,379, collateralized by FHLMC 4.50% — 6.50%, 2024 — 2039, FNMA 4.00% — 6.50%, 2022 — 2047, GNMA 5.00% — 6.00%, 2034 — 2039, value of $3,447) | ||||||||||||
3,379 | 0.05%, 6/30/2009 | 3,379 | ||||||||||
Deutsche Bank Securities TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $850, collateralized by FHLMC 5.00% — 7.00%, 2037 — 2038, FNMA 4.50% — 7.50%, 2029 — 2048, value of $867) | ||||||||||||
850 | 0.09%, 6/30/2009 | 850 | ||||||||||
JP Morgan Chase & Co. TriParty Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1,273, collateralized by FNMA 4.50% — 8.00%, 2011 — 2039, value of $1,298) | ||||||||||||
1,273 | 0.08%, 6/30/2009 | 1,273 | ||||||||||
UBS Securities, Inc. Joint Repurchase Agreement (maturing on 07/01/2009 in the amount of $1, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $1) | ||||||||||||
1 | 0.03%, 6/30/2009 | 1 | ||||||||||
5,870 | ||||||||||||
Total short-term investments (cost $5,870) | $ | 5,870 | ||||||||||
Total investments (cost $2,430,763) (C) | 99.8 | % | $ | 2,123,241 | ||||||||
Other assets and liabilities | 0.2 | % | 5,095 | |||||||||
Total net assets | 100.0 | % | $ | 2,128,336 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 11.3% of total net assets at June 30, 2009. |
Foreign securities that are principally traded on certain foreign markets are adjusted daily pursuant to a third party pricing service methodology approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of the foreign market but before the close of the New York Stock Exchange. | ||
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $2,515,503 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 122,786 | ||
Unrealized Depreciation | (515,048 | ) | ||
Net Unrealized Depreciation | $ | (392,262 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $13,385, which represents 0.63% of total net assets. This calculation excludes securities that are principally traded in certain foreign |
The accompanying notes are an integral part of these financial statements.
43
Table of Contents
Hartford Stock HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. | ||
(D) | Currently non-income producing. | |
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
06/2007 | 10,986 | Buck Holdings L.P. | $ | 10,997 | ||||||
04/2008 | 3,669 | Washington Mutual, Inc. Private Placement | 32,100 | |||||||
04/2008 | 459 | Washington Mutual, Inc. Private Placement Warrants | — |
The aggregate value of these securities at June 30, 2009 was $13,385 which represents 0.63% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Euro (Sell) | $ | 69 | $ | 69 | 07/01/09 | $ | — | |||||||||
Japanese Yen (Sell) | 259 | 262 | 07/01/09 | 3 | ||||||||||||
$ | 3 | |||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 2,117,371 | $ | 2,041,250 | $ | 62,736 | $ | 13,385 | ||||||||
Short-Term Investments | 5,870 | — | 5,870 | — | ||||||||||||
Total | $ | 2,123,241 | $ | 2,041,250 | $ | 68,606 | $ | 13,385 | ||||||||
Other Financial Instruments (Q) | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Transfers | ||||||||||||||||
Balance as of | Change in | In and/or | Balance as of | |||||||||||||
December 31, | Unrealized | Out of | June 30, | |||||||||||||
2008 | Appreciation | Level 3 | 2009 | |||||||||||||
Assets: | ||||||||||||||||
Common Stock | $ | 10,650 | $ | 2,734 | * | $ | 1 | $ | 13,385 | |||||||
Total | $ | 10,650 | $ | 2,734 | $ | 1 | $ | 13,385 |
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $2,734. |
The accompanying notes are an integral part of these financial statements.
44
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — 10.2% | ||||||||||||
Finance — 10.2% | ||||||||||||
Banc of America Commercial Mortgage, Inc. | ||||||||||||
$ | 68,230 | 4.52%, 09/11/2036 (H)► | $ | 666 | ||||||||
Bayview Commercial Asset Trust | ||||||||||||
46,521 | 7.00%, 07/25/2037 (H)► | 3,498 | ||||||||||
75,892 | 7.50%, 09/25/2037 (H)► | 6,056 | ||||||||||
Bayview Financial Acquisition Trust | ||||||||||||
4,430 | 1.96%, 05/28/2037 (H)(L) | 164 | ||||||||||
Bear Stearns Commercial Mortgage Securities, Inc. | ||||||||||||
57,397 | 4.07%, 07/11/2042 (H)► | 1,179 | ||||||||||
48,541 | 4.12%, 11/11/2041 (H)► | 822 | ||||||||||
12,242 | 4.68%, 08/13/2039 | 11,281 | ||||||||||
14,400 | 4.83%, 11/11/2041 | 12,762 | ||||||||||
9,700 | 5.12%, 02/11/2041 (L) | 8,329 | ||||||||||
6,220 | 5.20%, 12/11/2038 | 5,167 | ||||||||||
9,520 | 5.41%, 12/11/2040 | 8,469 | ||||||||||
11,024 | 5.90%, 09/11/2038 (L) | 9,587 | ||||||||||
CBA Commercial Small Balance Commercial Mortgage Class X1 | ||||||||||||
67,521 | 7.00%, 06/25/2038 (H)►(A) | 4,832 | ||||||||||
CBA Commercial Small Balance Commercial Mortgage Class X2 | ||||||||||||
39,645 | 7.00%, 07/25/2035 (H)►(A) | 1,951 | ||||||||||
Chase Issuance Trust | ||||||||||||
6,920 | 5.12%, 10/15/2014 | 7,228 | ||||||||||
Citigroup Commercial Mortgage Trust | ||||||||||||
10,145 | 5.41%, 10/15/2049 | 9,025 | ||||||||||
8,249 | 5.43%, 10/15/2049 | 6,598 | ||||||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||||||
— | 0.00%, 01/25/2037 (H)(A) | — | ||||||||||
33,356 | 5.91%, 07/25/2037 (H)(L) | 20,593 | ||||||||||
11,375 | 6.30%, 12/10/2049 (L) | 10,050 | ||||||||||
1,387 | 12.00%, 01/25/2037 (H)(A) | 37 | ||||||||||
Commercial Mortgage Pass-Through Certificates | ||||||||||||
10,470 | 5.44%, 07/10/2037 (L) | 9,419 | ||||||||||
Countrywide Asset-Backed Certificates | ||||||||||||
1,549 | 5.46%, 07/25/2035 | 617 | ||||||||||
Countrywide Home Loans, Inc. | ||||||||||||
36,001 | 6.00%, 10/25/2037 (H) | 23,935 | ||||||||||
Credit-Based Asset Servicing and Securitization | ||||||||||||
2,991 | 0.58%, 05/25/2036 (I)(L) | 1,302 | ||||||||||
4,735 | 5.86%, 04/25/2037 | 1,919 | ||||||||||
CS First Boston Mortgage Securities Corp. | ||||||||||||
1,835 | 4.51%, 07/15/2037 | 1,795 | ||||||||||
4,670 | 5.23%, 12/15/2040 | 4,003 | ||||||||||
DB Master Finance LLC | ||||||||||||
12,470 | 5.78%, 06/20/2031 (I) | 11,265 | ||||||||||
First Horizon Mortgage Pass-Through Trust | ||||||||||||
44,878 | 5.83%, 05/25/2037 (H)(L) | 26,807 | ||||||||||
GE Business Loan Trust | ||||||||||||
8,361 | 1.32%, 05/15/2034 (I)(L) | 1,254 | ||||||||||
210,181 | 6.14%, 05/15/2034 (H)► | 729 | ||||||||||
GE Capital Commercial Mortgage Corp. | ||||||||||||
5,950 | 5.05%, 07/10/2045 (L) | 5,678 | ||||||||||
Goldman Sachs Mortgage Securities Corp. II | ||||||||||||
122,273 | 4.38%, 08/10/2038 (H)► | 701 | ||||||||||
5,284 | 4.75%, 07/10/2039 | 4,486 | ||||||||||
7,085 | 4.76%, 07/10/2039 (L) | 5,462 | ||||||||||
Green Tree Financial Corp. | ||||||||||||
1,082 | 7.24%, 06/15/2028 | 969 | ||||||||||
Greenwich Capital Commercial Funding Corp. | ||||||||||||
8,220 | 4.80%, 08/10/2042 | 6,996 | ||||||||||
6,140 | 6.11%, 07/10/2038 (L) | 5,037 | ||||||||||
JP Morgan Automotive Receivable Trust | ||||||||||||
1,675 | 12.85%, 03/15/2012 (H)(A) | 420 | ||||||||||
JP Morgan Chase Commercial Mortgage Securities Corp. | ||||||||||||
563,592 | 4.82%, 08/12/2037 ► | 1,213 | ||||||||||
4,225 | 5.04%, 03/15/2046 (L) | 3,681 | ||||||||||
8,740 | 5.34%, 05/15/2047 | 6,700 | ||||||||||
13,990 | 5.34%, 12/15/2044 (L) | 11,827 | ||||||||||
4,530 | 5.40%, 05/15/2045 | 3,589 | ||||||||||
421,229 | 5.42%, 05/12/2045 ► | 6,544 | ||||||||||
15,900 | 5.47%, 04/15/2043 (L) | 12,682 | ||||||||||
6,956 | 5.83%, 02/15/2051 | 6,170 | ||||||||||
LB-UBS Commercial Mortgage Trust | ||||||||||||
5,756 | 4.48%, 10/15/2029 | 5,258 | ||||||||||
Lehman Brothers Small Balance Commercial | ||||||||||||
4,890 | 5.52%, 09/25/2030 (I)(A) | 3,303 | ||||||||||
5,180 | 5.62%, 09/25/2036 (I) | 4,211 | ||||||||||
Marlin Leasing Receivables LLC | ||||||||||||
11,414 | 5.33%, 09/16/2013 (I) | 11,378 | ||||||||||
Merrill Lynch Mortgage Trust | ||||||||||||
46,102 | 3.96%, 10/12/2041 (H)► | 845 | ||||||||||
Morgan Stanley Capital I | ||||||||||||
9,840 | 4.70%, 07/15/2056 | 8,448 | ||||||||||
9,140 | 4.97%, 12/15/2041 | 8,556 | ||||||||||
9,630 | 5.01%, 01/14/2042 | 8,947 | ||||||||||
8,865 | 5.65%, 12/15/2044 | 7,342 | ||||||||||
Morgan Stanley Capital, Inc. | ||||||||||||
8,380 | 5.80%, 06/11/2042 (L) | 7,031 | ||||||||||
Morgan Stanley Dean Witter Capital I | ||||||||||||
17,473 | 0.01%, 08/25/2032 (H)►(A) | — | ||||||||||
Nationstar Home Equity Loan Trust | ||||||||||||
211 | 9.97%, 03/25/2037 (H)(L) | 4 | ||||||||||
North Street Referenced Linked Notes | ||||||||||||
3,900 | 2.09%, 04/28/2011 (H)(A)(L) | 526 | ||||||||||
Option One Mortgage Loan Trust Class M6 | ||||||||||||
3,875 | 6.99%, 03/25/2037 | 208 | ||||||||||
Option One Mortgage Loan Trust Class M7 | ||||||||||||
2,575 | 6.99%, 03/25/2037 | 107 | ||||||||||
Option One Mortgage Loan Trust Class M8 | ||||||||||||
2,525 | 6.99%, 03/25/2037 | 80 | ||||||||||
Popular ABS Mortgage Pass-Through Trust | ||||||||||||
3,695 | 4.75%, 12/25/2034 | 2,801 | ||||||||||
2,573 | 5.42%, 04/25/2035 (H) | 1,156 | ||||||||||
Renaissance Home Equity Loan Trust | ||||||||||||
3,566 | 5.36%, 05/25/2035 | 1,063 | ||||||||||
6,415 | 5.75%, 05/25/2036 (L) | 3,854 | ||||||||||
Renaissance Home Equity Loan Trust Class M5 | ||||||||||||
4,300 | 7.00%, 09/25/2037 | 424 | ||||||||||
Renaissance Home Equity Loan Trust Class M8 | ||||||||||||
5,375 | 7.00%, 09/25/2037 | 317 | ||||||||||
Residential Funding Mortgage Securities, Inc. | ||||||||||||
2,913 | 6.00%, 07/25/2037 | 2,067 | ||||||||||
Soundview NIM Trust | ||||||||||||
369 | 6.41%, 12/25/2036 (H)(D) | 2 | ||||||||||
Swift Master Automotive Receivables Trust | ||||||||||||
17,050 | 0.97%, 10/15/2012 (L) | 15,686 | ||||||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||||||
1,835 | 4.52%, 05/15/2044 | 1,740 | ||||||||||
9,640 | 5.31%, 11/15/2048 | 7,363 | ||||||||||
6,930 | 5.42%, 01/15/2045 | 6,635 | ||||||||||
8,740 | 5.43%, 07/15/2041 (L) | 7,819 |
The accompanying notes are an integral part of these financial statements.
45
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Wamu Commercial Mortgage Securities Trust | ||||||||||||
$ | 19,570 | 6.31%, 03/23/2045 (H)(L) | $ | 5,020 | ||||||||
Wells Fargo Alternative Loan Trust | ||||||||||||
12,485 | 6.25%, 11/25/2037 (H) | 6,802 | ||||||||||
422,487 | ||||||||||||
Total asset & commercial mortgage backed securities (cost $529,752) | $ | 422,487 | ||||||||||
CORPORATE BONDS: INVESTMENT GRADE — 35.0% | ||||||||||||
Basic Materials — 1.8% | ||||||||||||
Alcan, Inc. | ||||||||||||
$ | 1,690 | 6.13%, 12/15/2033 | $ | 1,336 | ||||||||
1,735 | 7.25%, 03/15/2031 | 1,608 | ||||||||||
Anglo American Capital plc | ||||||||||||
21,448 | 9.38%, 04/08/2014 — 04/08/2019 (I) | 23,264 | ||||||||||
ArcelorMittal | ||||||||||||
10,795 | 9.00%, 02/15/2015 | 11,382 | ||||||||||
Barrick Gold Corp. | ||||||||||||
3,280 | 6.95%, 04/01/2019 | 3,674 | ||||||||||
Dow Chemical Co. | ||||||||||||
13,825 | 8.55%, 05/15/2019 | 13,850 | ||||||||||
Rio Tinto Finance USA Ltd. | ||||||||||||
9,010 | 5.88%, 07/15/2013 | 9,066 | ||||||||||
4,965 | 9.00%, 05/01/2019 | 5,519 | ||||||||||
Yara International ASA | ||||||||||||
6,770 | 7.88%, 06/11/2019 (I) | 7,055 | ||||||||||
76,754 | ||||||||||||
Capital Goods — 0.8% | ||||||||||||
Tyco Electronics Group S.A. | ||||||||||||
5,995 | 6.55%, 10/01/2017 | 5,443 | ||||||||||
Tyco International Ltd. | ||||||||||||
9,096 | 8.50%, 01/15/2019 | 10,086 | ||||||||||
United Technologies Corp. | ||||||||||||
12,025 | 6.13%, 02/01/2019 | 13,309 | ||||||||||
Xerox Corp. | ||||||||||||
3,126 | 8.25%, 05/15/2014 | 3,251 | ||||||||||
32,089 | ||||||||||||
Consumer Cyclical — 1.0% | ||||||||||||
CRH America, Inc. | ||||||||||||
3,590 | 5.30%, 10/15/2013 | 3,343 | ||||||||||
4,380 | 8.13%, 07/15/2018 | 4,217 | ||||||||||
Federated Retail Holdings, Inc. | ||||||||||||
7,200 | 5.90%, 12/01/2016 | 5,866 | ||||||||||
Kroger Co. | ||||||||||||
7,830 | 6.15%, 01/15/2020 | 8,000 | ||||||||||
Safeway, Inc. | ||||||||||||
5,972 | 5.80%, 08/15/2012 | 6,394 | ||||||||||
3,287 | 6.25%, 03/15/2014 | 3,527 | ||||||||||
Tesco plc | ||||||||||||
11,806 | 5.50%, 11/15/2017 (I) | 12,026 | ||||||||||
43,373 | ||||||||||||
Consumer Staples — 1.5% | ||||||||||||
Altria Group, Inc. | ||||||||||||
9,228 | 10.20%, 02/06/2039 | 10,904 | ||||||||||
Anheuser-Busch Cos., Inc. | ||||||||||||
5,296 | 8.20%, 01/15/2039 (I) | 5,898 | ||||||||||
Anheuser-Busch InBev N.V. | ||||||||||||
17,785 | 7.75%, 01/15/2019 (I) | 19,451 | ||||||||||
Diageo Capital plc | ||||||||||||
8,925 | 5.50%, 09/30/2016 | 9,190 | ||||||||||
General Mills, Inc. | ||||||||||||
3,578 | 5.65%, 02/15/2019 | 3,740 | ||||||||||
5,870 | 5.70%, 02/15/2017 | 6,179 | ||||||||||
Unilever Capital Corp. | ||||||||||||
8,900 | 4.80%, 02/15/2019 | 8,987 | ||||||||||
64,349 | ||||||||||||
Energy — 4.0% | ||||||||||||
Anadarko Petroleum Corp. | ||||||||||||
3,022 | 6.95%, 06/15/2019 | 3,050 | ||||||||||
Canadian Natural Resources Ltd. | ||||||||||||
1,689 | 6.25%, 03/15/2038 | 1,686 | ||||||||||
10,165 | 6.50%, 02/15/2037 | 10,147 | ||||||||||
Chevron Corp. | ||||||||||||
9,925 | 4.95%, 03/03/2019 | 10,256 | ||||||||||
ConocoPhillips | ||||||||||||
8,775 | 6.50%, 02/01/2039 | 9,340 | ||||||||||
Consumers Energy Co. | ||||||||||||
4,000 | 5.15%, 02/15/2017 | 3,933 | ||||||||||
5,190 | 5.38%, 04/15/2013 | 5,326 | ||||||||||
4,620 | 6.70%, 09/15/2019 | 5,029 | ||||||||||
EnCana Corp. | ||||||||||||
2,060 | 6.50%, 05/15/2019 | 2,208 | ||||||||||
Enterprise Products Operations LLC | ||||||||||||
8,848 | 6.50%, 01/31/2019 | 8,992 | ||||||||||
Husky Energy, Inc. | ||||||||||||
2,947 | 7.25%, 12/15/2019 | 3,220 | ||||||||||
Marathon Oil Corp. | ||||||||||||
2,640 | 6.50%, 02/15/2014 | 2,822 | ||||||||||
Nabors Industries, Inc. | ||||||||||||
7,183 | 9.25%, 01/15/2019 (I) | 8,282 | ||||||||||
Occidental Petroleum Corp. | ||||||||||||
9,155 | 4.13%, 06/01/2016 | 9,004 | ||||||||||
Petro-Canada | ||||||||||||
11,090 | 5.95%, 05/15/2035 | 9,994 | ||||||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. | ||||||||||||
478 | 3.44%, 09/15/2009 (I) | 476 | ||||||||||
16,410 | 5.30%, 09/30/2020 (I) | 15,007 | ||||||||||
Sempra Energy | ||||||||||||
5,218 | 6.50%, 06/01/2016 | 5,447 | ||||||||||
9,495 | 9.80%, 02/15/2019 | 11,501 | ||||||||||
Shell International Finance B.V. | ||||||||||||
9,560 | 6.38%, 12/15/2038 | 10,413 | ||||||||||
Statoilhydro ASA | ||||||||||||
18,656 | 5.25%, 04/15/2019 | 19,199 | ||||||||||
TNK-BP Finance S.A. | ||||||||||||
4,800 | 6.63%, 03/20/2017 § | 3,792 | ||||||||||
Valero Energy Corp. | ||||||||||||
7,156 | 9.38%, 03/15/2019 | 8,151 | ||||||||||
167,275 | ||||||||||||
Finance — 10.8% | ||||||||||||
ABX Financing Co. | ||||||||||||
5,348 | 6.35%, 10/15/2036 (I) | 5,338 | ||||||||||
American Express Co. | ||||||||||||
8,385 | 5.50%, 04/16/2013 | 8,229 | ||||||||||
8,587 | 5.55%, 10/17/2012 | 8,605 | ||||||||||
American Real Estate Partners L.P. | ||||||||||||
2,960 | 7.13%, 02/15/2013 | 2,671 | ||||||||||
Americo Life, Inc. | ||||||||||||
75 | 7.88%, 05/01/2013 (H) | 49 |
The accompanying notes are an integral part of these financial statements.
46
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Finance — (continued) | ||||||||||||
Amvescap plc | ||||||||||||
$ | 12,170 | 4.50%, 12/15/2009 | $ | 12,221 | ||||||||
3,544 | 5.38%, 02/27/2013 | 3,099 | ||||||||||
Army Hawaii Family Housing Trust Certificates | ||||||||||||
5,370 | 5.52%, 06/15/2050 (I) | 3,667 | ||||||||||
BAE Systems Holdings, Inc. | ||||||||||||
10,204 | 5.20%, 08/15/2015 (I) | 10,142 | ||||||||||
4,652 | 6.38%, 06/01/2019 (I) | 4,756 | ||||||||||
Bank of America Corp. | ||||||||||||
6,300 | 5.65%, 05/01/2018 | 5,567 | ||||||||||
6,560 | 7.38%, 05/15/2014 | 6,776 | ||||||||||
Bank of New York Institutional Capital Trust | ||||||||||||
200 | 7.78%, 12/01/2026 (I) | 173 | ||||||||||
Barclays Bank plc | ||||||||||||
15,207 | 6.75%, 05/22/2019 | 15,082 | ||||||||||
Capital One Bank | ||||||||||||
8,505 | 8.80%, 07/15/2019 | 8,689 | ||||||||||
Centura Capital Trust I | ||||||||||||
250 | 8.85%, 06/01/2027 (H) | 195 | ||||||||||
Citigroup, Inc. | ||||||||||||
10,185 | 2.13%, 04/30/2012 | 10,230 | ||||||||||
11,515 | 8.30%, 12/21/2057 (L) | 8,980 | ||||||||||
14,444 | 8.50%, 05/22/2019 | 14,693 | ||||||||||
Comerica Capital Trust II | ||||||||||||
5,858 | 6.58%, 02/20/2037 (L) | 3,456 | ||||||||||
Corpoacion Andina De Fomento | ||||||||||||
880 | 5.75%, 01/12/2017 | 848 | ||||||||||
530 | 8.13%, 06/04/2019 | 561 | ||||||||||
COX Communications, Inc. | ||||||||||||
4,510 | 6.25%, 06/01/2018 (I) | 4,458 | ||||||||||
5,485 | 8.38%, 03/01/2039 (I) | 6,116 | ||||||||||
Credit Agricole S.A. | ||||||||||||
18,461 | 6.64%, 05/31/2017 (I) ª (L) | 10,846 | ||||||||||
Duke Capital LLC | ||||||||||||
8,489 | 6.25%, 02/15/2013 | 8,692 | ||||||||||
ERAC USA Finance Co. | ||||||||||||
7,300 | 5.60%, 05/01/2015 (I) | 6,644 | ||||||||||
General Electric Capital Corp. | ||||||||||||
7,090 | 5.63%, 05/01/2018 | 6,705 | ||||||||||
9,175 | 6.37%, 11/15/2067 (L) | 6,122 | ||||||||||
Goldman Sachs Capital Trust II | ||||||||||||
16,356 | 5.79%, 06/01/2012 ª (L) | 9,968 | ||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
4,751 | 6.00%, 05/01/2014 | 4,958 | ||||||||||
International Lease Finance Corp. | ||||||||||||
5,385 | 6.38%, 03/25/2013 | 4,097 | ||||||||||
JP Morgan Chase & Co. | ||||||||||||
11,945 | 6.30%, 04/23/2019 | 12,015 | ||||||||||
11,378 | 7.90%, 04/30/2018 ª | 9,957 | ||||||||||
JP Morgan Chase Capital II | ||||||||||||
3,880 | 1.53%, 02/01/2027 (L) | 2,173 | ||||||||||
Lincoln National Corp. | ||||||||||||
7,271 | 6.05%, 04/20/2067 | 4,617 | ||||||||||
Massachusetts Mutual Life Insurance Co. | ||||||||||||
5,950 | 8.88%, 06/01/2039 (I) | 6,318 | ||||||||||
MBNA America Bank N.A. | ||||||||||||
14,400 | 7.13%, 11/15/2012 (I) | 15,172 | ||||||||||
Mellon Capital IV | ||||||||||||
13,374 | 6.24%, 06/20/2012 ª (L) | 8,960 | ||||||||||
Met Life Global Funding I | ||||||||||||
3,400 | 5.13%, 06/10/2014 (I) | 3,374 | ||||||||||
Metropolitan Life Global Funding I | ||||||||||||
6,515 | 0.88%, 03/15/2012 (I)(L) | 6,173 | ||||||||||
Morgan Stanley | ||||||||||||
10,070 | 6.00%, 05/13/2014 | 10,195 | ||||||||||
10,795 | 7.30%, 05/13/2019 | 11,194 | ||||||||||
National City Bank of Ohio | ||||||||||||
1,100 | 4.50%, 03/15/2010 | 1,116 | ||||||||||
National City Corp. | ||||||||||||
12,341 | 12.00%, 12/10/2012 ª | 12,908 | ||||||||||
Northgroup Preferred Capital Corp. | ||||||||||||
11,208 | 6.38%, 10/15/2017 (H) ª (L) | 8,408 | ||||||||||
PNC Preferred Funding Trust II | ||||||||||||
27,800 | 6.11%, 03/15/2012 (I) ª (L) | 14,443 | ||||||||||
Pricoa Global Funding I | ||||||||||||
4,940 | 1.14%, 01/30/2012 (I)(L) | 4,635 | ||||||||||
Progressive Corp. | ||||||||||||
4,256 | 6.70%, 06/15/2037 (L) | 3,001 | ||||||||||
Prudential Financial, Inc. | ||||||||||||
11,837 | 5.15%, 01/15/2013 | 11,487 | ||||||||||
4,000 | 7.38%, 06/15/2019 | 3,927 | ||||||||||
5,873 | 8.88%, 06/15/2038 (L) | 4,875 | ||||||||||
Prudential Holdings LLC | ||||||||||||
200 | 7.25%, 12/18/2023 (I) | 183 | ||||||||||
Rabobank Netherlands | ||||||||||||
3,993 | 11.00%, 12/31/2049 (I) | 4,442 | ||||||||||
State Street Capital Trust III | ||||||||||||
7,434 | 8.25%, 03/15/2042 (L) | 6,280 | ||||||||||
Svenska Handelsbanken Ab | ||||||||||||
17,000 | 4.88%, 06/10/2014 (I) | 16,829 | ||||||||||
Unicredito Italiano Capital Trust | ||||||||||||
4,655 | 9.20%, 10/05/2010 (I) ª | 2,998 | ||||||||||
Unicredito Luxembourg Finance S.A. | ||||||||||||
11,690 | 6.00%, 10/31/2017 (I) | 10,470 | ||||||||||
UnitedHealth Group, Inc. | ||||||||||||
9,689 | 4.88%, 02/15/2013 | 9,794 | ||||||||||
1,820 | 6.88%, 02/15/2038 | 1,685 | ||||||||||
US Bank Realty Corp. | ||||||||||||
13,200 | 6.09%, 01/15/2012 (I) ª (L) | 7,656 | ||||||||||
USB Capital IX | ||||||||||||
4,392 | 6.19%, 04/15/2011 ª (L) | 2,965 | ||||||||||
Wells Fargo Bank NA | ||||||||||||
10,295 | 1.06%, 05/16/2016 (L) | 7,784 | ||||||||||
Wells Fargo Capital XIII | ||||||||||||
5,170 | 7.70%, 03/26/2013 ª (L) | 4,291 | ||||||||||
Westfield Group | ||||||||||||
5,166 | 5.70%, 10/01/2016 (I) | 4,473 | ||||||||||
ZFS Finance USA Trust I | ||||||||||||
12,670 | 6.50%, 05/09/2037 (I)(L) | 9,122 | ||||||||||
446,553 | ||||||||||||
Foreign Governments — 1.8% | ||||||||||||
Banco Nacional De Desenvolvimento | ||||||||||||
3,430 | 6.50%, 06/10/2019 (I) | 3,437 | ||||||||||
Brazil (Republic of) | ||||||||||||
1,200 | 5.88%, 01/15/2019 | 1,211 | ||||||||||
4,982 | 8.00%, 01/15/2018 | 5,580 | ||||||||||
Colombia (Republic of) | ||||||||||||
3,800 | 7.38%, 03/18/2019 | 4,056 | ||||||||||
El Salvador (Republic of) | ||||||||||||
2,465 | 7.65%, 06/15/2035 § | 2,071 | ||||||||||
Hungary (Republic of) | ||||||||||||
810 | 4.75%, 02/03/2015 | 713 | ||||||||||
Japanese Government | ||||||||||||
JPY | 3,964,650 | 0.40%, 03/15/2011 | 41,250 | |||||||||
Japanese Government CPI Linked Bond | ||||||||||||
JPY | 456,972 | 1.20%, 06/10/2017 | 4,152 |
The accompanying notes are an integral part of these financial statements.
47
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Foreign Governments — (continued) | ||||||||||||
Peru (Republic of) | ||||||||||||
$ | 2,860 | 6.55%, 03/14/2037 | $ | 2,774 | ||||||||
Russian Federation Government | ||||||||||||
4,236 | 7.50%, 03/31/2030 § | 4,170 | ||||||||||
South Africa (Republic of) | ||||||||||||
1,700 | 5.88%, 05/30/2022 | 1,572 | ||||||||||
1,300 | 6.88%, 05/27/2019 | 1,336 | ||||||||||
United Mexican States | ||||||||||||
4,104 | 5.95%, 03/19/2019 | 4,145 | ||||||||||
76,467 | ||||||||||||
Health Care — 3.2% | ||||||||||||
Abbott Laboratories | ||||||||||||
9,160 | 5.13%, 04/01/2019 | 9,431 | ||||||||||
Amgen, Inc. | ||||||||||||
4,352 | 6.40%, 02/01/2039 | 4,629 | ||||||||||
Becton Dickinson & Co. | ||||||||||||
5,445 | 5.00%, 05/15/2019 | 5,564 | ||||||||||
CVS Caremark Corp. | ||||||||||||
13,626 | 6.30%, 06/01/2037 (L) | 10,083 | ||||||||||
CVS Corp. | ||||||||||||
9,595 | 8.35%, 07/10/2031 (I) | 9,643 | ||||||||||
Eli Lilly & Co. | ||||||||||||
8,254 | 4.20%, 03/06/2014 | 8,498 | ||||||||||
3,872 | 5.95%, 11/15/2037 | 4,061 | ||||||||||
Express Scripts, Inc. | ||||||||||||
3,635 | 6.25%, 06/15/2014 | 3,846 | ||||||||||
2,870 | 7.25%, 06/15/2019 | 3,165 | ||||||||||
Glaxosmithkline Capital, Inc. | ||||||||||||
10,185 | 4.85%, 05/15/2013 | 10,654 | ||||||||||
Merck & Co., Inc. | ||||||||||||
7,910 | 5.85%, 06/30/2039 | 8,126 | ||||||||||
Novartis Securities Investment Ltd. | ||||||||||||
14,340 | 5.13%, 02/10/2019 | 14,671 | ||||||||||
Pfizer, Inc. | ||||||||||||
9,695 | 6.20%, 03/15/2019 | 10,603 | ||||||||||
10,090 | 7.20%, 03/15/2039 | 11,981 | ||||||||||
Roche Holdings, Inc. | ||||||||||||
9,745 | 5.00%, 03/01/2014 (I) | 10,192 | ||||||||||
2,836 | 6.00%, 03/01/2019 (I) | 3,024 | ||||||||||
4,679 | 7.00%, 03/01/2039 (I) | 5,425 | ||||||||||
133,596 | ||||||||||||
Services — 1.1% | ||||||||||||
Allied Waste North America, Inc. | ||||||||||||
11,828 | 7.25%, 03/15/2015 | 12,005 | ||||||||||
Comcast Corp. | ||||||||||||
161 | 6.30%, 11/15/2017 | 170 | ||||||||||
100 | 10.63%, 07/15/2012 | 117 | ||||||||||
President & Fellows of Harvard | ||||||||||||
6,144 | 6.00%, 01/15/2019 (I) | 6,702 | ||||||||||
Time Warner Entertainment Co., L.P. | ||||||||||||
14,510 | 8.38%, 07/15/2033 | 16,242 | ||||||||||
Waste Management, Inc. | ||||||||||||
10,048 | 6.10%, 03/15/2018 | 9,901 | ||||||||||
45,137 | ||||||||||||
Technology — 4.8% | ||||||||||||
AT&T, Inc. | ||||||||||||
9,395 | 5.50%, 02/01/2018 | 9,381 | ||||||||||
9,945 | 6.55%, 02/15/2039 | 9,928 | ||||||||||
Cingular Wireless Services, Inc. | ||||||||||||
12,600 | 8.75%, 03/01/2031 # | 15,357 | ||||||||||
Cisco Systems, Inc. | ||||||||||||
18,465 | 5.90%, 02/15/2039 | 18,184 | ||||||||||
GTE Corp. | ||||||||||||
165 | 8.75%, 11/01/2021 | 188 | ||||||||||
Nokia Corp. | ||||||||||||
3,654 | 5.38%, 05/15/2019 | 3,697 | ||||||||||
3,345 | 6.63%, 05/15/2039 | 3,532 | ||||||||||
Oracle Corp. | ||||||||||||
4,806 | 6.50%, 04/15/2038 | 5,119 | ||||||||||
Qwest Corp. | ||||||||||||
8,290 | 7.25%, 10/15/2035 | 6,010 | ||||||||||
Rogers Cable, Inc. | ||||||||||||
2,675 | 8.75%, 05/01/2032 | 3,231 | ||||||||||
Rogers Wireless, Inc. | ||||||||||||
4,277 | 6.38%, 03/01/2014 | 4,585 | ||||||||||
TCI Communications, Inc. | ||||||||||||
4,025 | 8.75%, 08/01/2015 | 4,587 | ||||||||||
Telecom Italia Capital | ||||||||||||
10,000 | 7.18%, 06/18/2019 | 10,137 | ||||||||||
8,478 | 7.72%, 06/04/2038 | 8,633 | ||||||||||
Tele-Communications, Inc. | ||||||||||||
7,975 | 7.88%, 08/01/2013 | 9,074 | ||||||||||
Telefonica Emisiones SAU | ||||||||||||
9,485 | 4.95%, 01/15/2015 (E) | 9,641 | ||||||||||
Time Warner Cable, Inc. | ||||||||||||
6,061 | 8.25%, 04/01/2019 | 6,877 | ||||||||||
Verizon Communications, Inc. | ||||||||||||
7,400 | 6.90%, 04/15/2038 | 7,720 | ||||||||||
Verizon Maryland, Inc. | ||||||||||||
1,500 | 8.30%, 08/01/2031 | 1,626 | ||||||||||
Verizon Virginia, Inc. | ||||||||||||
13,805 | 4.63%, 03/15/2013 | 13,835 | ||||||||||
Verizon Wireless | ||||||||||||
17,962 | 5.55%, 02/01/2014 (I) | 19,069 | ||||||||||
7,500 | 8.50%, 11/15/2018 (I) | 8,963 | ||||||||||
Vodafone Group plc | ||||||||||||
9,545 | 5.45%, 06/10/2019 | 9,386 | ||||||||||
10,479 | 6.15%, 02/27/2037 | 10,310 | ||||||||||
199,070 | ||||||||||||
Transportation — 0.6% | ||||||||||||
Canadian Pacific Railway Co. | ||||||||||||
7,075 | 5.95%, 05/15/2037 | 5,791 | ||||||||||
3,730 | 7.25%, 05/15/2019 | 3,870 | ||||||||||
Continental Airlines, Inc. | ||||||||||||
4,178 | 6.70%, 06/15/2021 | 3,509 | ||||||||||
4,138 | 8.05%, 11/01/2020 | 3,476 | ||||||||||
General Dynamics Corp. | ||||||||||||
8,149 | 5.25%, 02/01/2014 | 8,707 | ||||||||||
25,353 | ||||||||||||
Utilities — 3.6% | ||||||||||||
Alabama Power Co. | ||||||||||||
6,384 | 6.00%, 03/01/2039 | 6,738 | ||||||||||
CenterPoint Energy Resources Corp. | ||||||||||||
10,950 | 6.13%, 11/01/2017 | 10,143 | ||||||||||
2,763 | 6.63%, 11/01/2037 | 2,208 | ||||||||||
CenterPoint Energy, Inc. | ||||||||||||
7,475 | 6.85%, 06/01/2015 | 6,986 | ||||||||||
Commonwealth Edison Co. | ||||||||||||
5,836 | 5.80%, 03/15/2018 | 5,927 | ||||||||||
Detroit Edison Co. | ||||||||||||
3,875 | 6.13%, 10/01/2010 | 4,015 | ||||||||||
DTE Energy Co. | ||||||||||||
3,383 | 7.63%, 05/15/2014 | 3,531 |
The accompanying notes are an integral part of these financial statements.
48
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: INVESTMENT GRADE — (continued) | ||||||||||||
Utilities — (continued) | ||||||||||||
Duke Energy Corp. | ||||||||||||
$ | 4,726 | 5.25%, 01/15/2018 | $ | 4,933 | ||||||||
3,709 | 6.35%, 08/15/2038 | 4,070 | ||||||||||
3,960 | 7.00%, 11/15/2018 | 4,616 | ||||||||||
Electricite de France | ||||||||||||
10,335 | 6.95%, 01/26/2039 (I) | 11,603 | ||||||||||
Enbridge Energy Partners | ||||||||||||
6,654 | 6.50%, 04/15/2018 | 6,557 | ||||||||||
Florida Power Corp. | ||||||||||||
3,211 | 5.80%, 09/15/2017 | 3,467 | ||||||||||
Kinder Morgan Energy Partners L.P. | ||||||||||||
4,720 | 6.50%, 02/01/2037 | 4,310 | ||||||||||
Northeast Utilities | ||||||||||||
4,375 | 5.65%, 06/01/2013 | 4,396 | ||||||||||
Northern States Power Co. | ||||||||||||
5,735 | 6.25%, 06/01/2036 | 6,281 | ||||||||||
Pacific Gas & Electric Co. | ||||||||||||
5,711 | 5.63%, 11/30/2017 | 6,045 | ||||||||||
Pacific Gas & Electric Energy Recovery Funding LLC | ||||||||||||
6,208 | 8.25%, 10/15/2018 | 7,576 | ||||||||||
PSEG Power | ||||||||||||
4,534 | 5.00%, 04/01/2014 | 4,570 | ||||||||||
Public Service Co. of Colorado | ||||||||||||
8,577 | 6.50%, 08/01/2038 | 9,728 | ||||||||||
Southern California Edison Co. | ||||||||||||
13,602 | 5.75%, 03/15/2014 | 14,757 | ||||||||||
TransCanada Pipelines Ltd. | ||||||||||||
7,691 | 7.25%, 08/15/2038 | 8,746 | ||||||||||
Virginia Electric & Power Co. | ||||||||||||
6,327 | 5.10%, 11/30/2012 | 6,686 | ||||||||||
147,889 | ||||||||||||
Total corporate bonds: investment grade (cost $1,477,137) | $ | 1,457,905 | ||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — 7.3% | ||||||||||||
Basic Materials — 0.7% | ||||||||||||
Ashland, Inc. | ||||||||||||
$ | 3,160 | 9.13%, 06/01/2017 (I) | $ | 3,287 | ||||||||
Georgia-Pacific LLC | ||||||||||||
5,880 | 8.25%, 05/01/2016 (I) | 5,704 | ||||||||||
1,030 | 9.50%, 12/01/2011 | 1,061 | ||||||||||
Peabody Energy Corp. | ||||||||||||
2,100 | 7.38%, 11/01/2016 | 1,985 | ||||||||||
Potlatch Corp. | ||||||||||||
12,100 | 12.50%, 12/01/2009 (H)(L) | 12,422 | ||||||||||
Teck Resources Ltd. | ||||||||||||
2,645 | 10.75%, 05/15/2019 (I) | 2,843 | ||||||||||
27,302 | ||||||||||||
Capital Goods — 0.1% | ||||||||||||
L-3 Communications Corp. | ||||||||||||
6,308 | 5.88%, 01/15/2015 | 5,598 | ||||||||||
Consumer Cyclical — 0.4% | ||||||||||||
Desarrolladora Homes S.A. | ||||||||||||
1,182 | 7.50%, 09/28/2015 | 1,017 | ||||||||||
Parkson Retail Group Ltd. | ||||||||||||
3,400 | 7.88%, 11/14/2011 | 3,332 | ||||||||||
Pulte Homes, Inc. | ||||||||||||
2,860 | 7.88%, 08/01/2011 | 2,867 | ||||||||||
Supervalu, Inc. | ||||||||||||
7,895 | 7.50%, 11/15/2014 | 7,579 | ||||||||||
2,615 | 8.00%, 05/01/2016 | 2,537 | ||||||||||
17,332 | ||||||||||||
Consumer Staples — 0.2% | ||||||||||||
Constellation Brands, Inc. | ||||||||||||
3,020 | 8.38%, 12/15/2014 | 3,028 | ||||||||||
Tyson Foods, Inc. | ||||||||||||
3,955 | 10.50%, 03/01/2014 (I) | 4,291 | ||||||||||
7,319 | ||||||||||||
Energy — 0.3% | ||||||||||||
Chesapeake Energy Corp. | ||||||||||||
5,769 | 7.00%, 08/15/2014 | 5,336 | ||||||||||
Newfield Exploration Co. | ||||||||||||
2,270 | 7.13%, 05/15/2018 | 2,063 | ||||||||||
Petrohawk Energy Corp. | ||||||||||||
2,010 | 9.13%, 07/15/2013 | 2,000 | ||||||||||
Plains Exploration & Production Co. | ||||||||||||
2,060 | 7.75%, 06/15/2015 | 1,926 | ||||||||||
11,325 | ||||||||||||
Finance — 0.5% | ||||||||||||
Drummond Co., Inc. | ||||||||||||
2,865 | 7.38%, 02/15/2016 (I) | 2,091 | ||||||||||
Ford Motor Credit Co. | ||||||||||||
8,445 | 9.75%, 09/15/2010 | 8,089 | ||||||||||
LPL Holdings, Inc. | ||||||||||||
9,971 | 10.75%, 12/15/2015 (I) | 8,775 | ||||||||||
Suntrust Preferred Capital | ||||||||||||
1,266 | 5.85%, 12/15/2011 ª | 861 | ||||||||||
19,816 | ||||||||||||
Foreign Governments — 0.5% | ||||||||||||
Argentina (Republic of) | ||||||||||||
6,296 | 7.00%, 10/03/2015 | 3,033 | ||||||||||
Indonesia (Republic of) | ||||||||||||
5,525 | 6.88%, 01/17/2018 § | 5,262 | ||||||||||
Panama (Republic of) | ||||||||||||
3,200 | 7.13%, 01/29/2026 | 3,312 | ||||||||||
Philippines (Republic of) | ||||||||||||
4,233 | 8.38%, 06/17/2019 | 4,868 | ||||||||||
Turkey (Republic of) | ||||||||||||
3,443 | 7.25%, 03/15/2015 | 3,581 | ||||||||||
Venezuela (Republic of) | ||||||||||||
3,492 | 5.75%, 02/26/2016 | 1,999 | ||||||||||
22,055 | ||||||||||||
Health Care — 0.7% | ||||||||||||
Biomet, Inc. | ||||||||||||
2,130 | 10.38%, 10/15/2017 | 2,061 | ||||||||||
HCA, Inc. | ||||||||||||
5,045 | 8.50%, 04/15/2019 (I) | 4,944 | ||||||||||
8,635 | 9.25%, 11/15/2016 | 8,506 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
2,640 | 8.75%, 06/15/2014 | 2,587 | ||||||||||
Inverness Medical Innovation, Inc. | ||||||||||||
5,465 | 9.00%, 05/15/2016 | 5,287 | ||||||||||
Psychiatric Solutions, Inc. | ||||||||||||
4,090 | 7.75%, 07/15/2015 | 3,742 | ||||||||||
27,127 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
49
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
CORPORATE BONDS: NON-INVESTMENT GRADE — (continued) | ||||||||||||
Services — 0.8% | ||||||||||||
Affinion Group, Inc. | ||||||||||||
$ | 11,260 | 11.50%, 10/15/2015 | $ | 9,627 | ||||||||
Ameristar Casinos, Inc. | ||||||||||||
3,230 | 9.25%, 06/01/2014 (I) | 3,295 | ||||||||||
DirecTV Holdings LLC | ||||||||||||
6,015 | 7.63%, 05/15/2016 | 5,850 | ||||||||||
Echostar DBS Corp. | ||||||||||||
4,200 | 7.75%, 05/31/2015 | 4,001 | ||||||||||
Mashantucket Western Pequot Revenue Bond | ||||||||||||
4,709 | 5.91%, 09/01/2021 (H) | 2,640 | ||||||||||
MGM Mirage, Inc. | ||||||||||||
1,965 | 10.38%, 05/15/2014 (I) | 2,039 | ||||||||||
4,475 | 11.13%, 11/15/2017 (I) | 4,743 | ||||||||||
TL Acquisitions, Inc. | ||||||||||||
3,790 | 10.50%, 01/15/2015 (I) | 3,070 | ||||||||||
Videotron Ltee | ||||||||||||
2,240 | 9.13%, 04/15/2018 | 2,276 | ||||||||||
37,541 | ||||||||||||
Technology — 2.3% | ||||||||||||
Charter Communications Operating LLC | ||||||||||||
5,090 | 10.00%, 04/30/2012 (I) Ψ | 4,899 | ||||||||||
Cricket Communications, Inc. | ||||||||||||
2,250 | 7.75%, 05/15/2016 (I) | 2,166 | ||||||||||
3,790 | 9.38%, 11/01/2014 | 3,733 | ||||||||||
CSC Holdings, Inc. | ||||||||||||
7,940 | 7.63%, 04/01/2011 | 7,860 | ||||||||||
3,930 | 8.50%, 04/15/2014 (I) | 3,896 | ||||||||||
DaVita, Inc. | ||||||||||||
5,875 | 6.63%, 03/15/2013 | 5,537 | ||||||||||
Frontier Communications Corp. | ||||||||||||
6,035 | 6.25%, 01/15/2013 | 5,552 | ||||||||||
4,145 | 8.25%, 05/01/2014 | 3,917 | ||||||||||
Intelsat Bermuda Ltd. | ||||||||||||
8,670 | 9.25%, 06/15/2016 (H) | 7,673 | ||||||||||
Intelsat Corp. | ||||||||||||
8,300 | 9.25%, 06/15/2016 (I) | 7,947 | ||||||||||
Level 3 Financing, Inc. | ||||||||||||
4,965 | 12.25%, 03/15/2013 | 4,717 | ||||||||||
Mediacom LLC | ||||||||||||
4,325 | 7.88%, 02/15/2011 | 4,217 | ||||||||||
MetroPCS Wireless, Inc. | ||||||||||||
5,720 | 9.25%, 11/01/2014 | 5,685 | ||||||||||
Qwest Capital Funding, Inc. | ||||||||||||
6,000 | 7.25%, 02/15/2011 | 5,820 | ||||||||||
Seagate Technology International | ||||||||||||
6,305 | 10.00%, 05/01/2014 (I) | 6,502 | ||||||||||
Sprint Capital Corp. | ||||||||||||
10,600 | 8.75%, 03/15/2032 | 8,533 | ||||||||||
Windstream Corp. | ||||||||||||
7,850 | 8.63%, 08/01/2016 | 7,516 | ||||||||||
96,170 | ||||||||||||
Transportation — 0.0% | ||||||||||||
Grupo Senda Autotransporte | ||||||||||||
2,310 | 10.50%, 10/03/2015 (H) | 1,039 | ||||||||||
Utilities — 0.8% | ||||||||||||
AES Corp. | ||||||||||||
4,400 | 8.00%, 10/15/2017 | 4,092 | ||||||||||
AES El Salvador Trust | ||||||||||||
2,300 | 6.75%, 02/01/2016 § | 1,643 | ||||||||||
El Paso Corp. | ||||||||||||
4,070 | 7.00%, 06/15/2017 | 3,707 | ||||||||||
Energy Future Holdings | ||||||||||||
6,130 | 10.88%, 11/01/2017 | 4,475 | ||||||||||
Mirant North America LLC | ||||||||||||
5,955 | 7.38%, 12/31/2013 | 5,717 | ||||||||||
NRG Energy, Inc. | ||||||||||||
5,155 | 7.25%, 02/01/2014 | 5,000 | ||||||||||
3,085 | 7.38%, 01/15/2017 | 2,907 | ||||||||||
RRI Energy, Inc. | ||||||||||||
4,686 | 6.75%, 12/15/2014 | 4,516 | ||||||||||
32,057 | ||||||||||||
Total corporate bonds: non-investment grade (cost $308,382) | $ | 304,681 | ||||||||||
MUNICIPAL BONDS — 0.2% | ||||||||||||
General Obligations — 0.2% | ||||||||||||
Oregon School Boards Association, Taxable Pension, | ||||||||||||
$ | 7,325 | 4.76%, 06/30/2028 | $ | 6,372 | ||||||||
Tax Allocation — 0.0% | ||||||||||||
California Urban IDA, | ||||||||||||
275 | 6.10%, 05/01/2024 | 239 | ||||||||||
Total municipal bonds (cost $7,605) | $ | 6,611 | ||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — 3.6% | ||||||||||||
Basic Materials — 0.7% | ||||||||||||
Ashland, Inc. | ||||||||||||
$ | 2,349 | 6.65%, 05/13/2014 (N) | $ | 2,367 | ||||||||
Cenveo, Inc., Delayed Draw Term Loan | ||||||||||||
73 | 5.11%, 06/21/2013 (N) | 67 | ||||||||||
Cenveo, Inc., Term Loan C | ||||||||||||
3,315 | 5.11%, 06/21/2013 (N) | 3,070 | ||||||||||
Georgia-Pacific Corp. | ||||||||||||
8,561 | 2.56%, 12/20/2012 (N) | 8,056 | ||||||||||
Graham Packaging Co., Inc. | ||||||||||||
379 | 2.53%, 12/31/2011 (N)(Q) | 358 | ||||||||||
3,788 | 6.75%, 04/15/2014 (N)(Q) | 3,741 | ||||||||||
Hexion Specialty Chemicals | ||||||||||||
1,696 | 3.31%, 05/05/2013 (N) | 1,136 | ||||||||||
Huntsman International LLC | ||||||||||||
6,294 | 2.06%, 04/19/2014 (N) | 5,661 | ||||||||||
Jarden Corp. | ||||||||||||
3,222 | 3.10%, 01/24/2012 (N) | 3,101 | ||||||||||
John Maneely Co. | ||||||||||||
1,364 | 4.05%, 12/08/2013 (N) | 1,075 | ||||||||||
28,632 | ||||||||||||
Capital Goods — 0.0% | ||||||||||||
Yankee Candle Co. | ||||||||||||
1,390 | 2.31%, 02/06/2014 (N) | 1,239 | ||||||||||
Consumer Cyclical — 0.4% | ||||||||||||
AM General LLC | ||||||||||||
2,548 | 3.31%, 09/30/2013 (N) | 2,345 | ||||||||||
American General Finance Corp. | ||||||||||||
115 | 0.31%, 09/30/2012 (N) | 106 | ||||||||||
Aramark Corp. | ||||||||||||
126 | 2.03%, 01/26/2014 (N) | 116 | ||||||||||
2,091 | 2.47%, 01/26/2014 (N) | 1,927 | ||||||||||
Dollarama Group L.P. | ||||||||||||
966 | 2.79%, 11/18/2011 (N) | 932 | ||||||||||
Lear Corp. | ||||||||||||
2,973 | 3.09%, 04/25/2012 (N) | 2,031 |
The accompanying notes are an integral part of these financial statements.
50
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — (continued) | ||||||||||||
Consumer Cyclical — (continued) | ||||||||||||
Roundy’s Supermarkets, Inc. | ||||||||||||
$ | 3,081 | 3.07%, 11/03/2011 (N) | $ | 2,901 | ||||||||
William Carter Co. | ||||||||||||
4,210 | 1.91%, 07/14/2012 (N) | 3,999 | ||||||||||
14,357 | ||||||||||||
Consumer Staples — 0.2% | ||||||||||||
Dole Food Co., Inc. | ||||||||||||
230 | 1.14%, 04/12/2013 (N) | 230 | ||||||||||
Dole Food Co., Inc., Tranche B Term Loan | ||||||||||||
402 | 8.00%, 04/12/2013 (N) | 402 | ||||||||||
Dole Food Co., Inc., Tranche C Term Loan | ||||||||||||
1,497 | 8.00%, 04/12/2013 (N) | 1,496 | ||||||||||
WM Wrigley Jr. Co. | ||||||||||||
6,118 | 6.50%, 10/06/2014 (N) | 6,140 | ||||||||||
8,268 | ||||||||||||
Energy — 0.1% | ||||||||||||
Lyondell Chemical Co. | ||||||||||||
949 | 1.50%, 12/15/2009 (N)(Q) | 976 | ||||||||||
1,594 | 5.82%, 12/15/2009 (N)(Q) | 1,322 | ||||||||||
Lyondell Chemical Co., Dutch RC | ||||||||||||
43 | 3.82%, 12/20/2013 (N) | 19 | ||||||||||
Lyondell Chemical Co., Dutch Tranche A | ||||||||||||
99 | 3.82%, 12/20/2013 (N) | 43 | ||||||||||
Lyondell Chemical Co., German B-1 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., German B-2 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., German B-3 | ||||||||||||
123 | 4.07%, 12/20/2014 (N) | 53 | ||||||||||
Lyondell Chemical Co., Primary RC | ||||||||||||
160 | 3.82%, 12/20/2013 (N) | 69 | ||||||||||
Lyondell Chemical Co., Term Loan A | ||||||||||||
305 | 3.82%, 12/20/2013 (N) | 132 | ||||||||||
Lyondell Chemical Co., U.S. B-1 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
Lyondell Chemical Co., U.S. B-2 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
Lyondell Chemical Co., U.S. B-3 | ||||||||||||
532 | 7.00%, 12/20/2014 (N) | 230 | ||||||||||
3,410 | ||||||||||||
Finance — 0.3% | ||||||||||||
Amerigroup Corp. | ||||||||||||
347 | 2.31%, 03/26/2012 (N) | 338 | ||||||||||
Brickman Group Holdings, Inc. | ||||||||||||
2,848 | 2.31%, 01/23/2014 (N) | 2,681 | ||||||||||
Community Health Systems, Inc. | ||||||||||||
294 | 2.56%, 07/25/2014 (N) | 264 | ||||||||||
5,755 | 2.90%, 07/25/2014 (N) | 5,172 | ||||||||||
Golden Gate National | ||||||||||||
2,165 | 3.06%, 03/14/2011 (N) | 1,970 | ||||||||||
10,425 | ||||||||||||
Health Care — 0.3% | ||||||||||||
HCA, Inc. | ||||||||||||
1,992 | 2.85%, 11/17/2013 (N) | 1,797 | ||||||||||
HealthSouth Corp. | ||||||||||||
1,874 | 2.57%, 03/10/2013 (N) | 1,747 | ||||||||||
IASIS Healthcare Capital Corp. | ||||||||||||
188 | 0.21%, 03/17/2014 (N) | 171 | ||||||||||
IASIS Healthcare Capital Corp., Delayed Draw Term Loan | ||||||||||||
698 | 2.31%, 03/17/2014 (N) | 637 | ||||||||||
IASIS Healthcare Capital Corp., Term Loan B | ||||||||||||
2,017 | 2.31%, 03/17/2014 (N) | 1,839 | ||||||||||
Life Technologies Corp. | ||||||||||||
4,135 | 5.25%, 11/23/2015 (N)(Q) | 4,150 | ||||||||||
Skilled Healthcare Group, Inc. | ||||||||||||
2,029 | 2.60%, 06/15/2012 (N) | 1,725 | ||||||||||
Vanguard Health Holdings Co. II LLC | ||||||||||||
1,951 | 2.56%, 09/23/2011 (N) | 1,860 | ||||||||||
13,926 | ||||||||||||
Services — 0.6% | ||||||||||||
Affinion Group, Inc. | ||||||||||||
3,606 | 2.81%, 10/17/2012 (N) | 3,401 | ||||||||||
Cedar Fair L.P. | ||||||||||||
2,272 | 2.31%, 08/30/2012 (N) | 2,140 | ||||||||||
Cengage | ||||||||||||
924 | 2.81%, 07/05/2014 (N) | 772 | ||||||||||
Greenwood Racing, Inc. | ||||||||||||
1,206 | 2.56%, 11/14/2011 (N) | 1,109 | ||||||||||
Metavante Corp. | ||||||||||||
2,977 | 2.78%, 11/01/2014 (N) | 2,888 | ||||||||||
R.H. Donnelley, Inc. | ||||||||||||
1,789 | 6.75%, 10/24/2014 (N)Ψ | 1,382 | ||||||||||
Regal Cinemas, Inc. | ||||||||||||
4,787 | 4.35%, 10/27/2013 (N) | 4,654 | ||||||||||
UPC Financing Partnership | ||||||||||||
1,657 | 2.07%, 12/31/2014 (N) | 1,529 | ||||||||||
Venetian Macau Ltd. | ||||||||||||
194 | 2.85%, 05/25/2012 (N) | 164 | ||||||||||
Venetian Macau Ltd., Term Loan | ||||||||||||
335 | 2.85%, 05/25/2013 (N) | 283 | ||||||||||
West Corp. | ||||||||||||
2,385 | 2.69%, 10/24/2013 (N) | 2,170 | ||||||||||
WideOpenWest Finance LLC | ||||||||||||
11,970 | 7.32%, 06/29/2015 (N) | 6,344 | ||||||||||
26,836 | ||||||||||||
Technology — 0.6% | ||||||||||||
Charter Communications Operating LLC | ||||||||||||
1,005 | 5.00%, 03/06/2014 (AA)(Q) | 985 | ||||||||||
2,625 | 6.25%, 03/06/2014 (N) Ψ | 2,355 | ||||||||||
DaVita, Inc. | ||||||||||||
1,776 | 1.81%, 10/05/2011 (N) | 1,712 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2A | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,686 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2B | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,686 | ||||||||||
Intelsat Bermuda Ltd., Tranche B2C | ||||||||||||
1,837 | 2.82%, 01/03/2014 (N) | 1,685 | ||||||||||
Mediacom Broadband LLC, Term Loan D-1 | ||||||||||||
5,909 | 2.05%, 01/31/2015 (N) | 5,451 | ||||||||||
Mediacom Broadband LLC, Term Loan D-2 | ||||||||||||
3,671 | 2.05%, 01/31/2015 (N) | 3,387 | ||||||||||
MetroPCS Wireless, Inc. | ||||||||||||
3,990 | 3.04%, 11/04/2013 (N) | 3,783 | ||||||||||
Time Warner Telecom Holdings, Inc. | ||||||||||||
3,976 | 2.31%, 01/07/2013 (N) | 3,742 | ||||||||||
26,472 | ||||||||||||
Transportation — 0.0% | ||||||||||||
Northwest Airlines Corp. | ||||||||||||
1,266 | 2.32%, 12/31/2010 (N) | 1,188 | ||||||||||
The accompanying notes are an integral part of these financial statements.
51
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) — (continued) | ||||||||||||
Utilities — 0.4% | ||||||||||||
Astoria Generating Co. Acquisitions LLC | ||||||||||||
$ | 920 | 4.07%, 08/23/2013 (N) | $ | 793 | ||||||||
Calpine Corp. | ||||||||||||
5,804 | 3.48%, 03/29/2014 (N) | 5,131 | ||||||||||
NRG Energy, Inc. | ||||||||||||
1,694 | 0.50%, 02/01/2013 (N) | 1,591 | ||||||||||
3,160 | 2.02%, 02/01/2013 (N) | 2,969 | ||||||||||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-2 | ||||||||||||
4,608 | 3.82%, 10/10/2014 (N) | 3,289 | ||||||||||
Texas Competitive Electric Holdings Co. LLC, Term Loan B-3 | ||||||||||||
3,144 | 3.82%, 10/12/2014 (N) | 2,240 | ||||||||||
16,013 | ||||||||||||
Total senior floating rate interests: non-investment grade (cost $163,517) | $ | 150,766 | ||||||||||
U.S. GOVERNMENT AGENCIES — 26.9% | ||||||||||||
Federal Home Loan Mortgage Corporation — 10.0% | ||||||||||||
$ | 110,681 | 4.50%, 03/01/2039 | $ | 110,317 | ||||||||
39,144 | 5.00%, 06/01/2038 | 39,868 | ||||||||||
11,007 | 5.03%, 06/01/2035 (L) | 11,129 | ||||||||||
24,004 | 5.38%, 08/01/2037 (L) | 25,070 | ||||||||||
18,101 | 5.45%, 01/01/2037 (L) | 18,947 | ||||||||||
2,486 | 5.47%, 05/01/2036 (L) | 2,611 | ||||||||||
29,392 | 5.50%, 10/01/2018 — 05/01/2037 | 30,435 | ||||||||||
4,198 | 5.82%, 10/01/2036 (L) | 4,358 | ||||||||||
64,071 | 6.00%, 04/01/2017 — 11/01/2037 | 67,258 | ||||||||||
80,035 | 6.50%, 07/01/2031 — 03/01/2038 | 85,148 | ||||||||||
9 | 7.50%, 09/01/2029 — 11/01/2031 | 9 | ||||||||||
395,150 | ||||||||||||
Federal National Mortgage Association — 13.9% | ||||||||||||
2,583 | 4.66%, 06/01/2034 (L) | 2,677 | ||||||||||
7,883 | 4.68%, 09/01/2035 (L) | 8,023 | ||||||||||
3,067 | 4.69%, 03/01/2035 (L) | 3,163 | ||||||||||
6,146 | 4.75%, 04/01/2035 (L) | 6,356 | ||||||||||
4,542 | 4.85%, 05/01/2035 — 07/01/2035 (L) | 4,616 | ||||||||||
4,084 | 4.86%, 04/01/2035 (L) | 4,222 | ||||||||||
16,660 | 4.88%, 05/01/2036 (L) | 17,231 | ||||||||||
7,385 | 4.96%, 07/01/2035 (L) | 7,420 | ||||||||||
229,592 | 5.00%, 02/01/2018 — 11/01/2038 | 235,769 | ||||||||||
5,886 | 5.08%, 11/01/2035 (L) | 6,111 | ||||||||||
11,198 | 5.24%, 02/01/2038 (L) | 11,630 | ||||||||||
13,548 | 5.25%, 01/01/2038 (L) | 14,080 | ||||||||||
122,241 | 5.50%, 12/01/2013 — 02/01/2039 | 126,932 | ||||||||||
20,553 | 6.00%, 07/01/2012 — 03/01/2033 | 21,700 | ||||||||||
96,502 | 6.50%, 11/01/2014 — 05/01/2038 | 102,912 | ||||||||||
6,910 | 7.00%, 02/01/2016 — 10/01/2037 | 7,507 | ||||||||||
944 | 7.50%, 11/01/2015 — 05/01/2032 | 1,029 | ||||||||||
2 | 8.00%, 04/01/2032 | 2 | ||||||||||
581,380 | ||||||||||||
Government National Mortgage Association — 2.6% | ||||||||||||
23,862 | 4.50%, 02/20/2039 | 23,801 | ||||||||||
21,505 | 5.50%, 03/15/2033 — 10/20/2034 | 22,261 | ||||||||||
60,060 | 6.00%, 12/15/2031 — 11/20/2037 | 62,672 | ||||||||||
14,457 | 6.50%, 06/15/2028 — 09/15/2032 | 15,575 | ||||||||||
41 | 7.00%, 06/20/2030 — 08/15/2031 | 46 | ||||||||||
5 | 8.50%, 11/15/2024 | 5 | ||||||||||
124,360 | ||||||||||||
Other Government Agencies — 0.4% | ||||||||||||
Small Business Administration Participation Certificates: | ||||||||||||
10,368 | 4.66%, 03/01/2029 | 10,655 | ||||||||||
6,926 | 4.76%, 02/01/2029 | 7,158 | ||||||||||
17,813 | ||||||||||||
Total U.S. government agencies (cost $1,085,773) | $ | 1,118,703 | ||||||||||
U.S. GOVERNMENT SECURITIES — 11.2% | ||||||||||||
U.S. Treasury Securities — 11.2% | ||||||||||||
U.S. Treasury Bonds — 1.1% | ||||||||||||
$ | 9,007 | 3.50%, 02/15/2039 | $ | 7,788 | ||||||||
38,936 | 4.25%, 05/15/2039 | 38,541 | ||||||||||
46,329 | ||||||||||||
U.S. Treasury Notes — 10.1% | ||||||||||||
205,010 | 0.88%, 05/31/2011 | 204,274 | ||||||||||
165,673 | 2.25%, 05/31/2014 | 163,446 | ||||||||||
54,829 | 3.13%, 05/15/2019 | 53,030 | ||||||||||
420,750 | ||||||||||||
467,079 | ||||||||||||
Total U.S. government securities (cost $463,832) | $ | 467,079 | ||||||||||
Shares | ||||||||||||
COMMON STOCKS — 0.0% | ||||||||||||
Telecommunication Services — 0.0% | ||||||||||||
— | XO Holdings, Inc. (D) | $ | — | |||||||||
Total common stocks (cost $ — ) | $ | — | ||||||||||
PREFERRED STOCKS — 0.0% | ||||||||||||
Banks — 0.0% | ||||||||||||
330 | Federal Home Loan Mortgage Corp. | $ | 402 | |||||||||
Total preferred stocks (cost $8,270) | $ | 402 | ||||||||||
WARRANTS — 0.0% | ||||||||||||
Telecommunication Services — 0.0% | ||||||||||||
— | XO Holdings, Inc. (H)(D) | $ | — | |||||||||
Total warrants (cost $ — ) | $ | — | ||||||||||
Total long-term investments (cost $4,044,268) | $ | 3,928,634 | ||||||||||
Principal | ||||||||||||
Amount | ||||||||||||
SHORT-TERM INVESTMENTS — 3.3% | ||||||||||||
Investment Pools and Funds — 2.7% | ||||||||||||
$ | 55,926 | JP Morgan U.S. Government Money Market Fund | $ | 55,926 | ||||||||
— | State Street Bank U.S. Government Money Market Fund | — | ||||||||||
58,006 | Wells Fargo Advantage Government Money Market Fund | 58,006 | ||||||||||
113,932 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
52
Table of Contents
Principal | Market | |||||||||||
Amount | Value (W) | |||||||||||
SHORT-TERM INVESTMENTS — (continued) | ||||||||||||
Repurchase Agreements — 0.4% | ||||||||||||
BNP Paribas Securities Corp. Repurchase Agreement (maturing on 07/01/2009 in the amount of $14,894, collateralized by U.S. Treasury Bond 7.50% — 8.13%, 2021 — 2022, value of $15,153) | ||||||||||||
$ | 14,894 | 0.01%, 6/30/2009 | $ | 14,894 | ||||||||
UBS Securities, Inc. Repurchase Agreement (maturing on 07/01/2009 in the amount of $2,796, collateralized by U.S. Treasury Bond 7.50%, 2024, value of $2,844) | ||||||||||||
2,796 | 0.01%, 6/30/2009 | 2,796 | ||||||||||
17,690 | ||||||||||||
U.S. Treasury Bills — 0.2% | ||||||||||||
4,890 | 0.13%, 7/16/2009 (S)(M) | 4,889 | ||||||||||
Total short-term investments (cost $136,511) | $ | 136,511 | ||||||||||
Total investments (cost $4,180,779) (C) | 97.7 | % | $ | 4,065,145 | ||||||||
Other assets and liabilities | 2.3 | % | 96,101 | |||||||||
Total net assets | 100.0 | % | $ | 4,161,246 | ||||||||
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. Market value of investments in foreign securities represents 9.9% of total net assets at June 30, 2009. |
(C) | At June 30, 2009, the cost of securities for federal income tax purposes was $4,182,099 and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
Unrealized Appreciation | $ | 121,071 | ||
Unrealized Depreciation | (238,025 | ) | ||
Net Unrealized Depreciation | $ | (116,954 | ) | |
(A) | The aggregate value of securities valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Fund’s Board of Directors at June 30, 2009, was $11,069, which represents 0.27% of total net assets. | |
(D) | Currently non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. | |
# | This security, or a portion of this security, has been segregated to cover funding requirements on investment transactions settling in the future. | |
(L) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2009. | |
(I) | Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Pursuant to guidelines adopted by the Board of Directors, these issues are determined to be liquid. The aggregate value of these securities at June 30, 2009, was $431,150, which represents 10.36% of total net assets. | |
§ | Securities contain some restrictions as to public resale. These securities comply with Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, and are determined to be liquid. At June 30, 2009, the market value of these securities amounted to $16,938 or 0.41% of total net assets. | |
ª | Perpetual maturity security. Maturity date shown is the first call date. | |
► | The interest rates disclosed for interest only strips represent effective yields based upon estimated future cash flows at June 30, 2009. | |
(M) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. | |
(Q) | The cost of securities purchased on a when-issued or delayed delivery basis at June 30, 2009 was $13,697. | |
(N) | The interest rate disclosed for these securities represents the average coupon as of June 30, 2009. | |
(AA) | The interest rate disclosed for these securities represents an estimated average coupon as of June 30, 2009. | |
Ψ | The company is in bankruptcy. The investment held by the fund is current with respect to interest payments. | |
(B) | All principal amounts are in U.S. dollars unless otherwise indicated. |
JPY | — Japanese Yen |
(V) | Senior loans in which the Fund invests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one or more major United States Banks, or (iii) the bank’s certificate of deposit rate. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. The interest rate indicated is the rate in effect at June 30, 2009. | |
(S) | Security pledged as initial margin deposit for open futures contracts at June 30, 2009. | |
Futures Contracts Outstanding at June 30, 2009 |
Unrealized | ||||||||||||||||
Number of | Expiration | Appreciation/ | ||||||||||||||
Description | Contracts* | Position | Month | (Depreciation) | ||||||||||||
2 Year U.S. Treasury Note | 904 | Long | Sep 2009 | $ | 1,100 | |||||||||||
5 Year U.S. Treasury Note | 484 | Long | Sep 2009 | $ | (12 | ) | ||||||||||
10 Year U.S. Treasury Note | 1,543 | Short | Sep 2009 | $ | (3,172 | ) | ||||||||||
U.S. Long Bond | 116 | Long | Sep 2009 | $ | 36 | |||||||||||
$ | (2,048 | ) | ||||||||||||||
* The number of contracts does not omit 000’s. |
The accompanying notes are an integral part of these financial statements.
53
Table of Contents
Hartford Total Return Bond HLS Fund
Schedule of Investments — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
(H) | The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933 and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time. |
Period | Shares/ | |||||||||
Acquired | Par | Security | Cost Basis | |||||||
04/2003 | $ | 75 | Americo Life, Inc., 7.88%, 05/01/2013 - 144A | $ | 74 | |||||
03/2005 | $ | 68,230 | Banc of America Commercial Mortgage, Inc., 4.52%, 09/11/2036 - 144A | 624 | ||||||
05/2007 – 02/2009 | $ | 46,521 | Bayview Commercial Asset Trust, 7.00%, 07/25/2037 - 144A | 6,451 | ||||||
08/2007 | $ | 75,892 | Bayview Commercial Asset Trust, 7.50%, 09/25/2037 - 144A | 10,523 | ||||||
04/2007 | $ | 4,430 | Bayview Financial Acquisition Trust, 1.96%, 05/28/2037 | 4,430 | ||||||
10/2004 | $ | 57,397 | Bear Stearns Commercial Mortgage Securities, Inc., 4.07%, 07/11/2042 | 1,182 | ||||||
12/2004 | $ | 48,541 | Bear Stearns Commercial Mortgage Securities, Inc., 4.12%, 11/11/2041 | 836 | ||||||
04/2006 – 08/2007 | $ | 67,521 | CBA Commercial Small Balance Commercial Mortgage Class X1, 7.00%, 06/25/2038 - 144A | 1,011 | ||||||
04/2006 – 08/2007 | $ | 39,645 | CBA Commercial Small Balance Commercial Mortgage Class X2, 7.00%, 07/25/2035 - 144A | 896 | ||||||
05/2003 | $ | 250 | Centura Capital Trust I, 8.85%, 06/01/2027 - 144A | 259 | ||||||
02/2007 | $ | — | Citigroup Mortgage Loan Trust, Inc., 0.00%, 01/25/2037 - 144A | — | ||||||
08/2007 | $ | 33,356 | Citigroup Mortgage Loan Trust, Inc., 5.91%, 07/25/2037 | 33,288 | ||||||
02/2007 – 04/2009 | $ | 1,387 | Citigroup Mortgage Loan Trust, Inc., 12.00%, 01/25/2037 - 144A | 2,248 | ||||||
08/2007 | $ | 36,001 | Countrywide Home Loans, Inc., 6.00%, 10/25/2037 | 35,349 | ||||||
05/2007 | $ | 44,878 | First Horizon Mortgage Pass-Through Trust, 5.83%, 05/25/2037 | 44,977 | ||||||
06/2006 | $ | 210,181 | GE Business Loan Trust, 6.14%, 05/15/2034 - 144A | 377 | ||||||
07/2004 | $ | 122,273 | Goldman Sachs Mortgage Securities Corp. II, 4.38%, 08/10/2038 - 144A | 645 | ||||||
05/2008 | $ | 2,310 | Grupo Senda Autotransporte, 10.50%, 10/03/2015 - 144A | 2,307 | ||||||
06/2006 – 08/2006 | $ | 8,670 | Intelsat Bermuda Ltd., 9.25%, 06/15/2016 | 8,782 | ||||||
03/2007 | $ | 1,675 | JP Morgan Automotive Receivable Trust, 12.85%, 03/15/2012 | 1,675 | ||||||
07/2005 | $ | 4,709 | Mashantucket Western Pequot Revenue Bond, 5.91%, 09/01/2021 - 144A | 4,709 | ||||||
11/2004 | $ | 46,102 | Merrill Lynch Mortgage Trust, 3.96%, 10/12/2041 - 144A | 923 | ||||||
10/2005 – 08/2006 | $ | 17,473 | Morgan Stanley Dean Witter Capital I, 0.01%, 08/25/2032 - Reg D | 324 | ||||||
04/2007 | $ | 211 | Nationstar Home Equity Loan Trust, 9.97%, 03/25/2037 - 144A | 211 | ||||||
11/2006 | $ | 3,900 | North Street Referenced Linked Notes, 2.09%, 04/28/2011 - 144A | 3,713 | ||||||
05/2007 | $ | 11,208 | Northgroup Preferred Capital Corp., 6.38%, 10/15/2017 - 144A | 11,208 | ||||||
03/2005 | $ | 2,573 | Popular ABS Mortgage Pass-Through Trust, 5.42%, 04/25/2035 | 2,573 | ||||||
10/2001 – 11/2001 | $ | 12,100 | Potlatch Corp., 12.50%, 12/01/2009 | 12,186 | ||||||
02/2007 | $ | 369 | Soundview NIM Trust, 6.41%, 12/25/2036 - 144A | 369 | ||||||
06/2007 | $ | 19,570 | Wamu Commercial Mortgage Securities Trust, 6.31%, 03/23/2045 - 144A | 19,495 | ||||||
03/2008 | $ | 12,485 | Wells Fargo Alternative Loan Trust, 6.25%, 11/25/2037 | 10,077 | ||||||
05/2006 | — | XO Holdings, Inc. Warrants | — |
The aggregate value of these securities at June 30, 2009 was $139,171 which represents 3.34% of total net assets. |
Forward Foreign Currency Contracts Outstanding at June 30, 2009
Unrealized | ||||||||||||||||
Market | Contract | Delivery | Appreciation/ | |||||||||||||
Description | Value (W) | Amount | Date | (Depreciation) | ||||||||||||
Canadian Dollar (Buy) | $ | 19,292 | $ | 19,405 | 07/02/09 | $ | (113 | ) | ||||||||
Euro (Buy) | 50,065 | 50,173 | 07/17/09 | (108 | ) | |||||||||||
Euro (Sell) | 41,454 | 40,865 | 07/17/09 | (589 | ) | |||||||||||
Euro (Sell) | 50,984 | 51,091 | 07/02/09 | 107 | ||||||||||||
Euro (Sell) | 8,610 | 8,641 | 07/17/09 | 31 | ||||||||||||
Japanese Yen (Buy) | 19,548 | 19,530 | 07/07/09 | 18 | ||||||||||||
Japanese Yen (Sell) | 19,548 | 19,802 | 07/07/09 | 254 | ||||||||||||
Japanese Yen (Buy) | 19,304 | 19,300 | 08/07/09 | 4 | ||||||||||||
Japanese Yen (Sell) | 19,372 | 19,506 | 08/07/09 | 134 | ||||||||||||
Japanese Yen (Buy) | 19,362 | 19,434 | 07/07/09 | (72 | ) | |||||||||||
Japanese Yen (Sell) | 26,551 | 26,355 | 07/07/09 | (196 | ) | |||||||||||
$ | (530 | ) | ||||||||||||||
(W) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
Credit Default Swap Agreements Outstanding at June 30, 2009
Unrealized | ||||||||||||||||||||||
Buy/Sell | Pay/Receive | Expiration | Notional | Appreciation/ | ||||||||||||||||||
Counterparty | Reference Entity | Protection | Fixed Rate | Date | Amount | (Depreciation) | ||||||||||||||||
JP Morgan Chase Bank | CDX North American Investment Grade Index | Buy | 1.00 | % | 06/20/14 | $ | 61,735 | $ | (197 | ) | ||||||||||||
JP Morgan Chase Bank | CDX North American High Yield Index | Buy | 5.00 | % | 06/20/14 | 91,258 | (2,052 | ) | ||||||||||||||
$ | (2,249 | ) | ||||||||||||||||||||
The accompanying notes are an integral part of these financial statements.
54
Table of Contents
FAS 157 Disclosure of Investment Valuation Hierarchy Levels
June 30, 2009
June 30, 2009
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Asset & Commercial Mortgage Backed Securities | $ | 422,487 | $ | — | $ | 380,843 | $ | 41,644 | ||||||||
Corporate Bonds: Investment Grade | 1,457,905 | — | 1,441,277 | 16,628 | ||||||||||||
Corporate Bonds: Non-Investment Grade | 304,681 | — | 298,316 | 6,365 | ||||||||||||
Municipal Bonds | 6,611 | — | 6,611 | — | ||||||||||||
Preferred Stocks | 402 | 402 | — | — | ||||||||||||
Senior Floating Rate Interests: Non-Investment Grade | 150,766 | — | 150,766 | — | ||||||||||||
U.S. Government Agencies | 1,118,703 | — | 1,118,703 | — | ||||||||||||
U.S. Government Securities | 467,079 | 91,571 | 375,508 | — | ||||||||||||
Short-Term Investments | 136,511 | 113,932 | 22,579 | — | ||||||||||||
Total | $ | 4,065,145 | $ | 205,905 | $ | 3,794,603 | $ | 64,637 | ||||||||
Other Financial Instruments (Q) | $ | 1,684 | $ | 1,136 | $ | 548 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments (Q) | $ | 6,511 | $ | 3,184 | $ | 3,327 | $ | — | ||||||||
(Q) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the investment. |
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Change in | ||||||||||||||||||||||||
Balance as of | Unrealized | Net | Transfers In | Balance as of | ||||||||||||||||||||
December 31, | Realized | Appreciation | Purchases | and/or Out of | June 30, | |||||||||||||||||||
2008 | Gain (Loss) | (Depreciation) | (Sales) | Level 3 | 2009 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Asset & Commercial Mortgage Backed Securities | 38,854 | (3,558 | ) | (575 | )* | (631 | ) | 7,554 | 41,644 | |||||||||||||||
Corporate Bonds | 17,206 | (2,959 | ) | 3,126 | (A) | 9,046 | (3,426 | ) | 22,993 | |||||||||||||||
Total | $ | 56,060 | $ | (6,517 | ) | $ | 2,551 | $ | 8,415 | $ | 4,128 | $ | 64,637 | |||||||||||
Other Financial Instruments # | $ | — | $ | — | § | $ | — | $ | — | $ | — | $ | — | |||||||||||
Liabilities: | ||||||||||||||||||||||||
Other Financial Instruments # | $ | — | $ | — | § | $ | — | $ | — | $ | — | $ | — | |||||||||||
* | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $(3,273). | |
† | Change in unrealized gains or losses in the current period relating to assets still held at June 30, 2009 was $4,008. | |
‡ | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation/ depreciation on the investment | |
§ | The realized gain (loss) earned for other financial instruments during the period ended June 30, 2009 was $921. |
The accompanying notes are an integral part of these financial statements.
55
Table of Contents
Hartford Series Fund, Inc.
Statements of Assets and Liabilities
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | ||||||||||||||||
Hartford | Hartford | Dividend and | Hartford | |||||||||||||
Advisers | Capital Appreciation | Growth | International Opportunities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Assets: | ||||||||||||||||
Investments in securities, at value; (amortized cost for Money Market) @ | $ | 3,853,375 | $ | 8,206,696 | $ | 4,313,524 | $ | 1,258,302 | ||||||||
Cash | 20,280 | 2,699 | 1 | — | ||||||||||||
Foreign currency on deposit with custodian # | — | 1,213 | — | 3,921 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 55 | — | 21 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 18,424 | 88,407 | 38,417 | 17,057 | ||||||||||||
Fund shares sold | — | 2,307 | 2,966 | 1,303 | ||||||||||||
Dividends and interest | 16,196 | 16,403 | 4,942 | 4,025 | ||||||||||||
Variation margin | — | — | — | — | ||||||||||||
Swap premiums paid | ||||||||||||||||
Other assets | 34 | 54 | 29 | 6 | ||||||||||||
Total assets | 3,908,309 | 8,317,834 | 4,359,879 | 1,284,635 | ||||||||||||
Liabilities: | ||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 2 | — | 46 | ||||||||||||
Unrealized depreciation on swap contracts | — | — | — | — | ||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased | 42,061 | 117,037 | 41,986 | 28,141 | ||||||||||||
Fund shares redeemed | 2,639 | 3,525 | 2,744 | 829 | ||||||||||||
Variation margin | — | — | — | — | ||||||||||||
Investment management fees | 218 | 488 | 264 | 85 | ||||||||||||
Administrative services fee | 106 | 224 | 118 | 35 | ||||||||||||
Distribution fees | 18 | 48 | 25 | 7 | ||||||||||||
Accrued expenses | 369 | 557 | 309 | 124 | ||||||||||||
Total liabilities | 45,411 | 121,881 | 45,446 | 29,267 | ||||||||||||
Net assets | $ | 3,862,898 | $ | 8,195,953 | $ | 4,314,433 | $ | 1,255,368 | ||||||||
Summary of Net Assets: | ||||||||||||||||
Capital stock and paid-in-capital | $ | 5,678,899 | $ | 12,084,265 | $ | 5,229,042 | $ | 1,829,933 | ||||||||
Accumulated undistributed (distributions in excess of) net investment income (loss) | 50,919 | (15,561 | ) | 57,324 | 17,828 | |||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (1,543,848 | ) | (3,232,918 | ) | (753,862 | ) | (617,111 | ) | ||||||||
Unrealized appreciation (depreciation) of investments and the translations of assets and liabilities denominated in foreign currency | (323,072 | ) | (639,833 | ) | (218,071 | ) | 24,718 | |||||||||
Net assets | $ | 3,862,898 | $ | 8,195,953 | $ | 4,314,433 | $ | 1,255,368 | ||||||||
Shares authorized | 9,500,000 | 5,000,000 | 4,000,000 | 2,625,000 | ||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | ||||||||
Class IA: Net asset value per share | $ | 15.00 | $ | 29.27 | $ | 14.76 | $ | 9.08 | ||||||||
Shares outstanding | 222,113 | 232,359 | 243,135 | 116,880 | ||||||||||||
Net assets | $ | 3,332,565 | $ | 6,800,106 | $ | 3,587,572 | $ | 1,061,384 | ||||||||
Class IB: Net asset value per share | $ | 15.16 | $ | 29.00 | $ | 14.71 | $ | 9.18 | ||||||||
Shares outstanding | 34,983 | 48,130 | 49,423 | 21,126 | ||||||||||||
Net assets | $ | 530,333 | $ | 1,395,847 | $ | 726,861 | $ | 193,984 | ||||||||
@ Cost of securities | $ | 4,176,434 | $ | 8,846,666 | $ | 4,531,595 | $ | 1,233,657 | ||||||||
# Cost of foreign currency on deposit with custodian | $ | — | $ | 1,213 | $ | — | $ | 3,921 | ||||||||
The accompanying notes are an integral part of these financial statements.
56
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||
Money Market | Small Company | Stock | Total Return Bond | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
$ | 4,413,169 | $ | 1,061,807 | $ | 2,123,241 | $ | 4,065,145 | |||||||||
— | 1,798 | 1 | 40,976 | |||||||||||||
— | — | — | 9,811 | |||||||||||||
— | — | 3 | 548 | |||||||||||||
— | 184,477 | 13,282 | 54,809 | |||||||||||||
3,394 | 3,530 | — | 4,392 | |||||||||||||
4,975 | 333 | 2,092 | 38,166 | |||||||||||||
— | 7 | — | 300 | |||||||||||||
— | 16,881 | |||||||||||||||
798 | 8 | 26 | 31 | |||||||||||||
4,422,336 | 1,251,960 | 2,138,645 | 4,231,059 | |||||||||||||
— | — | — | 1,078 | |||||||||||||
— | — | — | 2,249 | |||||||||||||
— | 188,142 | 8,541 | 64,123 | |||||||||||||
16,823 | 629 | 1,420 | 1,825 | |||||||||||||
— | 16 | — | 43 | |||||||||||||
122 | 74 | 79 | 148 | |||||||||||||
122 | 29 | 59 | 114 | |||||||||||||
23 | 6 | 10 | 26 | |||||||||||||
79 | 72 | 200 | 207 | |||||||||||||
17,169 | 188,968 | 10,309 | 69,813 | |||||||||||||
$ | 4,405,167 | $ | 1,062,992 | $ | 2,128,336 | $ | 4,161,246 | |||||||||
$ | 4,416,241 | $ | 1,528,679 | $ | 3,692,627 | $ | 4,591,230 | |||||||||
1,955 | (349 | ) | 19,572 | 83,180 | ||||||||||||
(13,029 | ) | (496,488 | ) | (1,276,335 | ) | (392,745 | ) | |||||||||
— | 31,150 | (307,528 | ) | (120,419 | ) | |||||||||||
$ | 4,405,167 | $ | 1,062,992 | $ | 2,128,336 | $ | 4,161,246 | |||||||||
14,000,000 | 1,500,000 | 4,000,000 | 5,000,000 | |||||||||||||
$ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||
$ | 1.00 | $ | 11.58 | $ | 28.99 | $ | 10.21 | |||||||||
3,732,314 | 76,497 | 63,360 | 334,427 | |||||||||||||
$ | 3,723,023 | $ | 886,019 | $ | 1,837,012 | $ | 3,415,942 | |||||||||
$ | 1.00 | $ | 11.31 | $ | 28.93 | $ | 10.16 | |||||||||
683,926 | 15,650 | 10,069 | 73,380 | |||||||||||||
$ | 682,144 | $ | 176,973 | $ | 291,324 | $ | 745,304 | |||||||||
$ | 4,413,169 | $ | 1,030,502 | $ | 2,430,763 | $ | 4,180,779 | |||||||||
$ | — | $ | — | $ | — | $ | 9,631 | |||||||||
57
Table of Contents
Hartford Series Fund, Inc.
Statements of Operations
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
For the Six-Month Period Ended June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford | Hartford | Hartford | Hartford | |||||||||||||
Advisers | Capital Appreciation | Dividend and Growth | International Opportunities | |||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividends | $ | 27,914 | $ | 72,538 | $ | 66,682 | $ | 23,682 | ||||||||
Interest | 30,392 | 4,731 | 61 | 39 | ||||||||||||
Securities lending | — | — | — | — | ||||||||||||
Less: Foreign tax withheld | (629 | ) | (3,946 | ) | (1,668 | ) | (2,728 | ) | ||||||||
Total investment income, net | 57,677 | 73,323 | 65,075 | 20,993 | ||||||||||||
Expenses: | ||||||||||||||||
Investment management fees | 7,576 | 15,654 | 8,969 | 2,810 | ||||||||||||
Administrative services fees | 3,682 | 7,176 | 4,017 | 1,119 | ||||||||||||
Distribution fees — Class IB | 634 | 1,558 | 865 | 211 | ||||||||||||
Custodian fees | 33 | 158 | 6 | 56 | ||||||||||||
Accounting services | 295 | 624 | 281 | 89 | ||||||||||||
Board of Directors’ fees | 52 | 94 | 57 | 15 | ||||||||||||
Audit fees | 46 | 81 | 50 | 15 | ||||||||||||
Treasury guarantee insurance | ||||||||||||||||
Other expenses | 395 | 688 | 408 | 161 | ||||||||||||
Total expenses (before waivers and fees paid indirectly) | 12,713 | 26,033 | 14,653 | 4,476 | ||||||||||||
Expense waivers | — | — | — | — | ||||||||||||
Commission recapture | (139 | ) | (296 | ) | (45 | ) | (20 | ) | ||||||||
Custodian fee offset | (20 | ) | — | — | — | |||||||||||
Total waivers and fees paid indirectly | (159 | ) | (296 | ) | (45 | ) | (20 | ) | ||||||||
Total expenses, net | 12,554 | 25,737 | 14,608 | 4,456 | ||||||||||||
Net investment income (loss) | 45,123 | 47,586 | 50,467 | 16,537 | ||||||||||||
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net realized gain (loss) on investments | (734,309 | ) | (1,147,064 | ) | (481,631 | ) | (164,485 | ) | ||||||||
Net realized gain (loss) on futures | (573 | ) | — | — | — | |||||||||||
Net realized loss on written options | — | — | — | — | ||||||||||||
Net realized loss on swap contracts | — | — | — | — | ||||||||||||
Net realized gain (loss) on forward foreign currency contracts | 355 | 83 | — | (1,292 | ) | |||||||||||
Net realized gain (loss) on other foreign currency transactions | (409 | ) | (167 | ) | — | 1,329 | ||||||||||
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | (734,936 | ) | (1,147,148 | ) | (481,631 | ) | (164,448 | ) | ||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions: | ||||||||||||||||
Net unrealized appreciation of investments | 1,016,419 | 2,162,657 | 519,199 | 231,862 | ||||||||||||
Net unrealized depreciation of futures | — | — | — | — | ||||||||||||
Net unrealized depreciation of swap contracts | — | — | — | — | ||||||||||||
Net unrealized appreciation (depreciation) of forward foreign currency contracts | (25 | ) | (78 | ) | — | (11 | ) | |||||||||
Net unrealized appreciation on translation of other assets and liabilities in foreign currencies | 7 | 132 | — | 156 | ||||||||||||
Net Changes in Unrealized Appreciation of Investments, Other Financial Instruments and Foreign Currency Transactions | 1,016,401 | 2,162,711 | 519,199 | 232,007 | ||||||||||||
Net Gain on Investments | 281,465 | 1,015,563 | 37,568 | 67,559 | ||||||||||||
Net Increase in Net Assets Resulting from Operations | $ | 326,588 | $ | 1,063,149 | $ | 88,035 | $ | 84,096 | ||||||||
The accompanying notes are an integral part of these financial statements.
58
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||
Money Market | Small Company | Stock | Total Return Bond | |||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||
$ | — | $ | 3,228 | $ | 21,893 | $ | — | |||||||
11,018 | 21 | 94 | 108,952 | |||||||||||
— | 29 | — | — | |||||||||||
— | (5 | ) | (547 | ) | — | |||||||||
11,018 | 3,273 | 21,440 | 108,952 | |||||||||||
4,935 | 2,397 | 2,672 | 5,123 | |||||||||||
4,946 | 933 | 1,964 | 3,925 | |||||||||||
931 | 204 | 338 | 901 | |||||||||||
3 | 26 | 18 | 28 | |||||||||||
247 | 56 | 98 | 353 | |||||||||||
73 | 12 | 27 | 52 | |||||||||||
62 | 13 | 25 | 47 | |||||||||||
1,253 | — | |||||||||||||
431 | 100 | 244 | 338 | |||||||||||
12,881 | 3,741 | 5,386 | 10,767 | |||||||||||
(2,722 | ) | — | ||||||||||||
— | (124 | ) | (114 | ) | — | |||||||||
(1 | ) | — | — | — | ||||||||||
(2,723 | ) | (124 | ) | (114 | ) | — | ||||||||
10,158 | 3,617 | 5,272 | 10,767 | |||||||||||
860 | (344 | ) | 16,168 | 98,185 | ||||||||||
3 | (191,580 | ) | (515,218 | ) | (162,774 | ) | ||||||||
— | 3,684 | — | 702 | |||||||||||
— | (75 | ) | — | — | ||||||||||
— | — | — | (628 | ) | ||||||||||
— | — | 278 | 5,670 | |||||||||||
— | 69 | (303 | ) | 817 | ||||||||||
3 | (187,902 | ) | (515,243 | ) | (156,213 | ) | ||||||||
— | 241,263 | 719,658 | 328,392 | |||||||||||
— | (581 | ) | — | (2,871 | ) | |||||||||
— | — | — | (749 | ) | ||||||||||
— | (8 | ) | (22 | ) | 1,850 | |||||||||
— | 4 | 4 | 1,829 | |||||||||||
— | 240,678 | 719,640 | 328,451 | |||||||||||
3 | 52,776 | 204,397 | 172,238 | |||||||||||
$ | 863 | $ | 52,432 | $ | 220,565 | $ | 270,423 | |||||||
59
Table of Contents
Hartford Series Fund, Inc.
Statements of Changes in Net Assets
(000’s Omitted)
(000’s Omitted)
Hartford | ||||||||||||||||
Hartford | Capital Appreciation | |||||||||||||||
Advisers | HLS Fund | |||||||||||||||
HLS Fund | For the | |||||||||||||||
For the | Six-Month | |||||||||||||||
Six-Month Period Ended | For the Year | Period Ended | For the | |||||||||||||
June 30, 2009 | Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 45,123 | $ | 137,734 | $ | 47,586 | $ | 125,222 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (734,936 | ) | (752,411 | ) | (1,147,148 | ) | (2,043,113 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 1,016,401 | (1,448,267 | ) | 2,162,711 | (4,503,815 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 326,588 | (2,062,944 | ) | 1,063,149 | (6,421,706 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (139,941 | ) | — | (166,956 | ) | ||||||||||
Class IB | — | (20,362 | ) | — | (30,787 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (30,655 | ) | — | (938,545 | ) | ||||||||||
Class IB | — | (5,074 | ) | — | (219,929 | ) | ||||||||||
Total distributions | — | (196,032 | ) | — | (1,356,217 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 23,061 | 116,973 | 405,431 | 956,013 | ||||||||||||
Issued on reinvestment of distributions | — | 170,596 | — | 1,105,501 | ||||||||||||
Redeemed | (377,575 | ) | (1,235,301 | ) | (506,828 | ) | (1,832,987 | ) | ||||||||
Total capital share transactions | (354,514 | ) | (947,732 | ) | (101,397 | ) | 228,527 | |||||||||
Class IB | ||||||||||||||||
Sold | 7,057 | 45,838 | 56,711 | 275,690 | ||||||||||||
Issued on reinvestment of distributions | — | 25,436 | — | 250,716 | ||||||||||||
Redeemed | (69,758 | ) | (282,515 | ) | (135,559 | ) | (721,700 | ) | ||||||||
Total capital share transactions | (62,701 | ) | (211,241 | ) | (78,848 | ) | (195,294 | ) | ||||||||
Net increase (decrease) from capital share transactions | (417,215 | ) | (1,158,973 | ) | (180,245 | ) | 33,233 | |||||||||
Net increase (decrease) in net assets | (90,627 | ) | (3,417,949 | ) | 882,904 | (7,744,690 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 3,953,525 | 7,371,474 | 7,313,049 | 15,057,739 | ||||||||||||
End of period | $ | 3,862,898 | $ | 3,953,525 | $ | 8,195,953 | $ | 7,313,049 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 50,919 | $ | 5,796 | $ | (15,561 | ) | $ | (63,147 | ) | ||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 1,713 | 6,258 | 15,839 | 25,491 | ||||||||||||
Issued on reinvestment of distributions | — | 11,601 | — | 27,446 | ||||||||||||
Redeemed | (28,298 | ) | (69,104 | ) | (20,969 | ) | (46,572 | ) | ||||||||
Total share activity | (26,585 | ) | (51,245 | ) | (5,130 | ) | 6,365 | |||||||||
Class IB | ||||||||||||||||
Sold | 506 | 2,395 | 2,213 | 6,314 | ||||||||||||
Issued on reinvestment of distributions | — | 1,697 | — | 6,168 | ||||||||||||
Redeemed | (5,157 | ) | (15,458 | ) | (5,591 | ) | (17,382 | ) | ||||||||
Total share activity | (4,651 | ) | (11,366 | ) | (3,378 | ) | (4,900 | ) | ||||||||
The accompanying notes are an integral part of these financial statements.
60
Table of Contents
Hartford | Hartford | Hartford | Hartford | |||||||||||||||||||||||||||||
Dividend and Growth | International Opportunities | Money Market | Small Company | |||||||||||||||||||||||||||||
HLS Fund | HLS Fund | HLS Fund | HLS Fund | |||||||||||||||||||||||||||||
For the | For the | For the | For the | |||||||||||||||||||||||||||||
Six-Month | Six-Month | Six-Month | Six-Month | |||||||||||||||||||||||||||||
Period Ended | For the | Period Ended | For the | Period Ended | For the | Period Ended | For the | |||||||||||||||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||||||||||||||
$ | 50,467 | $ | 129,268 | $ | 16,537 | $ | 40,227 | $ | 860 | $ | 78,080 | $ | (344 | ) | $ | 1,524 | ||||||||||||||||
(481,631 | ) | (264,886 | ) | (164,448 | ) | (443,960 | ) | 3 | (13,032 | ) | (187,902 | ) | (297,169 | ) | ||||||||||||||||||
519,199 | (2,110,000 | ) | 232,007 | (574,964 | ) | — | — | 240,678 | (377,603 | ) | ||||||||||||||||||||||
88,035 | (2,245,618 | ) | 84,096 | (978,697 | ) | 863 | 65,048 | 52,432 | (673,248 | ) | ||||||||||||||||||||||
— | (108,479 | ) | — | (33,867 | ) | (848 | ) | (65,065 | ) | — | (1,145 | ) | ||||||||||||||||||||
— | (20,732 | ) | — | (5,334 | ) | (12 | ) | (11,060 | ) | — | — | |||||||||||||||||||||
— | (102,838 | ) | — | (67,380 | ) | — | — | — | (3,860 | ) | ||||||||||||||||||||||
— | (24,561 | ) | — | (13,034 | ) | — | — | — | (935 | ) | ||||||||||||||||||||||
— | (256,610 | ) | — | (119,615 | ) | (860 | ) | (76,125 | ) | — | (5,940 | ) | ||||||||||||||||||||
183,692 | 550,662 | 46,503 | 203,674 | 946,707 | 4,105,607 | 110,863 | 264,282 | |||||||||||||||||||||||||
— | 211,317 | — | 101,247 | 795 | 64,851 | — | 5,005 | |||||||||||||||||||||||||
(300,728 | ) | (946,202 | ) | (103,436 | ) | (365,227 | ) | (1,651,711 | ) | (1,958,058 | ) | (62,750 | ) | (216,867 | ) | |||||||||||||||||
(117,036 | ) | (184,223 | ) | (56,933 | ) | (60,306 | ) | (704,209 | ) | 2,212,400 | 48,113 | 52,420 | ||||||||||||||||||||
22,529 | 106,679 | 18,751 | 49,255 | 194,413 | 765,243 | 18,466 | 102,296 | |||||||||||||||||||||||||
— | 45,293 | — | 18,368 | 9 | 11,013 | — | 935 | |||||||||||||||||||||||||
(84,847 | ) | (403,920 | ) | (26,001 | ) | (117,772 | ) | (286,711 | ) | (453,017 | ) | (28,508 | ) | (109,193 | ) | |||||||||||||||||
(62,318 | ) | (251,948 | ) | (7,250 | ) | (50,149 | ) | (92,289 | ) | 323,239 | (10,042 | ) | (5,962 | ) | ||||||||||||||||||
(179,354 | ) | (436,171 | ) | (64,183 | ) | (110,455 | ) | (796,498 | ) | 2,535,639 | 38,071 | 46,458 | ||||||||||||||||||||
(91,319 | ) | (2,938,399 | ) | 19,913 | (1,208,767 | ) | (796,495 | ) | 2,524,562 | 90,503 | (632,730 | ) | ||||||||||||||||||||
4,405,752 | 7,344,151 | 1,235,455 | 2,444,222 | 5,201,662 | 2,677,100 | 972,489 | 1,605,219 | |||||||||||||||||||||||||
$ | 4,314,433 | $ | 4,405,752 | $ | 1,255,368 | $ | 1,235,455 | $ | 4,405,167 | $ | 5,201,662 | $ | 1,062,992 | $ | 972,489 | |||||||||||||||||
$ | 57,324 | $ | 6,857 | $ | 17,828 | $ | 1,291 | $ | 1,955 | $ | 1,955 | $ | (349 | ) | $ | (5 | ) | |||||||||||||||
13,523 | 29,615 | 5,729 | 16,513 | 946,707 | 4,105,606 | 10,572 | 17,252 | |||||||||||||||||||||||||
— | 12,502 | — | 8,948 | 795 | 64,851 | — | 331 | |||||||||||||||||||||||||
(22,952 | ) | (51,011 | ) | (13,379 | ) | (30,701 | ) | (1,651,711 | ) | (1,958,057 | ) | (6,127 | ) | (14,953 | ) | |||||||||||||||||
(9,429 | ) | (8,894 | ) | (7,650 | ) | (5,240 | ) | (704,209 | ) | 2,212,400 | 4,445 | 2,630 | ||||||||||||||||||||
1,664 | 5,386 | 2,198 | 3,955 | 194,413 | 765,243 | 1,794 | 6,753 | |||||||||||||||||||||||||
— | 2,633 | — | 1,571 | 9 | 11,013 | — | 55 | |||||||||||||||||||||||||
(6,428 | ) | (21,227 | ) | (3,318 | ) | (9,716 | ) | (286,711 | ) | (453,017 | ) | (2,824 | ) | (7,310 | ) | |||||||||||||||||
(4,764 | ) | (13,208 | ) | (1,120 | ) | (4,190 | ) | (92,289 | ) | 323,239 | (1,030 | ) | (502 | ) | ||||||||||||||||||
61
Table of Contents
Hartford Series Fund, Inc.
Statements of Changes in Net Assets — (continued)
(000’s Omitted)
(000’s Omitted)
Hartford | Hartford | |||||||||||||||
�� | Stock | Total Return Bond | ||||||||||||||
HLS Fund | HLS Fund | |||||||||||||||
For the | For the | |||||||||||||||
Six-Month | Six-Month | |||||||||||||||
Period Ended | For the | Period Ended | For the | |||||||||||||
June 30, 2009 | Year Ended | June 30, 2009 | Year Ended | |||||||||||||
(Unaudited) | December 31, 2008 | (Unaudited) | December 31, 2008 | |||||||||||||
Operations: | ||||||||||||||||
Net investment income (loss) | $ | 16,168 | $ | 45,411 | $ | 98,185 | $ | 238,177 | ||||||||
Net realized gain (loss) on investments, futures, options and swap contracts and foreign currency transactions | (515,243 | ) | (704,495 | ) | (156,213 | ) | (191,862 | ) | ||||||||
Net unrealized appreciation (depreciation) of investments, futures, options and swap contracts and foreign currency transactions | 719,640 | (1,106,715 | ) | 328,451 | (390,429 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 220,565 | (1,765,799 | ) | 270,423 | (344,114 | ) | ||||||||||
Distributions to Shareholders: | ||||||||||||||||
From net investment income | ||||||||||||||||
Class IA | — | (55,854 | ) | — | (229,728 | ) | ||||||||||
Class IB | — | (7,717 | ) | — | (52,707 | ) | ||||||||||
From net realized gain on investments | ||||||||||||||||
Class IA | — | (17,986 | ) | — | — | |||||||||||
Class IB | — | (2,943 | ) | — | — | |||||||||||
Total distributions | — | (84,500 | ) | — | (282,435 | ) | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 25,166 | 99,200 | 374,273 | 770,573 | ||||||||||||
Issued on reinvestment of distributions | — | 73,840 | — | 229,728 | ||||||||||||
Redeemed | (189,769 | ) | (679,323 | ) | (348,303 | ) | (790,149 | ) | ||||||||
Total capital share transactions | (164,603 | ) | (506,283 | ) | 25,970 | 210,152 | ||||||||||
Class IB | ||||||||||||||||
Sold | 9,336 | 38,771 | 62,741 | 148,834 | ||||||||||||
Issued on reinvestment of distributions | — | 10,660 | — | 52,707 | ||||||||||||
Redeemed | (35,620 | ) | (156,074 | ) | (106,387 | ) | (371,685 | ) | ||||||||
Total capital share transactions | (26,284 | ) | (106,643 | ) | (43,646 | ) | (170,144 | ) | ||||||||
Net increase (decrease) from capital share transactions | (190,887 | ) | (612,926 | ) | (17,676 | ) | 40,008 | |||||||||
Net increase (decrease) in net assets | 29,678 | (2,463,225 | ) | 252,747 | (586,541 | ) | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of period | 2,098,658 | 4,561,883 | 3,908,499 | 4,495,040 | ||||||||||||
End of period | $ | 2,128,336 | $ | 2,098,658 | $ | 4,161,246 | $ | 3,908,499 | ||||||||
Accumulated undistributed (distribution in excess of) net investment income | $ | 19,572 | $ | 3,404 | $ | 83,180 | $ | (15,005 | ) | |||||||
Shares: | ||||||||||||||||
Class IA | ||||||||||||||||
Sold | 988 | 2,511 | 38,289 | 71,178 | ||||||||||||
Issued on reinvestment of distributions | — | 2,504 | — | 24,309 | ||||||||||||
Redeemed | (7,643 | ) | (17,972 | ) | (35,819 | ) | (73,845 | ) | ||||||||
Total share activity | (6,655 | ) | (12,957 | ) | 2,470 | 21,642 | ||||||||||
Class IB | ||||||||||||||||
Sold | 357 | 979 | 6,450 | 13,597 | ||||||||||||
Issued on reinvestment of distributions | — | 356 | — | 5,593 | ||||||||||||
Redeemed | (1,425 | ) | (4,089 | ) | (11,017 | ) | (34,668 | ) | ||||||||
Total share activity | (1,068 | ) | (2,754 | ) | (4,567 | ) | (15,478 | ) | ||||||||
The accompanying notes are an integral part of these financial statements.
62
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
1. | Organization: |
The Hartford HLS Funds serve as underlying investment options for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates (“HLIC”) and certain qualified retirement plans. Certain Hartford HLS Funds may also serve as underlying investment options for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the accompanying variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the funds permitted by their plans.
Hartford Series Fund, Inc. (the “Company”) is an open-end management investment company comprised of thirty-four portfolios, eight portfolios of which are included in these financial statements (each a “Fund” or together the “Funds”). They are Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford Money Market HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund and Hartford Total Return Bond HLS Fund.
The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as a diversified open-end management investment company.
Each Fund is divided into Class IA and Class IB shares. Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except that the Class IB shares are subject to distribution fees charged pursuant to Distribution and Service Plans. These Distribution and Service Plans have been adopted in accordance with Rule 12b-1 of the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds, which are in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
a) | Security Transactions and Investment Income — Security transactions are recorded on the trade date (the date the order to buy or sell is executed). Security gains and losses are determined on the basis of identified cost. |
Trade date for senior floating rate interests purchased in the primary market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary market is the date on which the transaction is entered into.
Dividend income is accrued as of the ex-dividend date, except that certain dividends for foreign securities where the ex-dividend date may have passed are recorded as soon as the Fund is informed of the dividend in the exercise of reasonable diligence. Interest income, including amortization of premium and accretion of discounts, is accrued on a daily basis.
b) | Security Valuation — Except for Hartford Money Market HLS Fund, the Funds generally use market prices in valuing portfolio securities. If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security as determined in good faith under policies and procedures established by and under the supervision of that Fund’s Board of Directors. Market prices may be deemed unreliable, for example, if a security is thinly traded or if an event has occurred after the close of the security’s primary markets, but before the close of the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time, referred to as the “Valuation Time”) that is expected to affect the value of the portfolio security. The circumstances in which a Fund may use fair value pricing include, among others: (i) the occurrence of events that are significant to a particular issuer, such as mergers, restructuring or defaults; (ii) the occurrence of events that are significant to an entire market, such as natural disasters in a particular region or governmental actions; (iii) trading restrictions on securities; (iv) thinly traded securities and (v) market events such as trading halts and early market closings. In addition, with respect to the valuation of stocks primarily traded on foreign markets, each Fund uses a fair value pricing service approved by that Fund’s Board of Directors, which employs quantitative models that evaluate changes in the value of foreign market proxies (e.g., futures contracts, ADR’s, exchange traded funds (ETF’s)) after the close of the foreign markets but before the close of the Exchange. Securities 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 in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by the Funds may cause the NAV of their respective shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio security is primarily traded but before the close of the Exchange. There can be no assurance that any Fund could obtain the fair value assigned to a security if the Fund were to sell the security at approximately the time at which that Fund determines its NAV. |
Debt securities (other than short-term obligations and senior floating rate interests) held by the Funds are valued on the basis of valuations furnished by an independent pricing service which determines valuations for normal institutional size trading units of debt securities. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. Securities for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in the securities in accordance with procedures established by that Fund’s Board of Directors. Generally, each Fund may use fair valuation in regard to debt securities when a Fund holds defaulted or distressed securities or securities in a company in which a reorganization is pending. Short-term investments with a maturity of more than 60 days when purchased are valued based on market quotations until the remaining days to maturity become less than 61 days. The Hartford Money Market HLS Fund’s investments and investments of other Funds that mature in 60 days or less are valued at amortized cost, which approximates fair value.
Exchange traded equity securities shall be valued at the last reported sale price on the exchange or market on which the security is primarily traded (the “Primary Market”) at the Valuation Time. If the security did not trade on the Primary Market, it may be valued at the Valuation Time at the last reported sale price on another exchange where it trades. The value of an equity security not traded on any exchange but traded on the Nasdaq Stock Market, Inc. (“Nasdaq”) or another OTC market shall be valued at the last reported sale price or official closing price on the exchange or market on which the
63
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
security is traded as of the Valuation Time. If it is not possible to determine the last reported sale price or official closing price on the relevant exchange or market at the Valuation Time, the value of the security shall be taken to be the most recent mean between bid and asked prices on such exchange or market at the Valuation Time.
Securities of foreign issuers and non-dollar securities are translated from the local currency into U.S. dollars using prevailing exchange rates.
Options contracts on securities, currencies, indexes, futures contracts, commodities and other instruments shall be valued at their most recent sales price at the Valuation Time on the Primary Market on which the instrument is traded. If the instrument did not trade on the Primary Market, it may be valued at the most recent sales price at the Valuation Time on another exchange or market where it did trade.
Futures contracts are valued at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively. If a settlement price is not available, futures contracts will be valued at the most recent trade price as of the Valuation Time. If there were no trades, the contract shall be valued at the mean of the closing bid/ask prices as of the Valuation Time.
Financial instruments for which prices are not available from an independent pricing service are valued using market quotations obtained from one or more dealers that make markets in securities in accordance with procedures established by the Funds’ Board of Directors.
A forward currency contract shall be valued based on the price of the underlying currency at the prevailing interpolated exchange rate, which is a combination of the spot currency rate and the forward currency rate. Spot currency rates and forward currency rates are obtained from an independent pricing service on a daily basis not more than one hour before the Valuation Time.
Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the Funds’ Board of Directors.
Other derivative or contractual type instruments shall be valued using market prices if such instruments trade on an exchange or market. If such instruments do not trade on an exchange or market, such instruments shall be valued at a price at which the counterparty to such contract would repurchase the instrument. In the event that the counterparty cannot provide a price, such valuation may be determined in accordance with procedures established by the Funds’ Board of Directors.
Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the valuation date.
c) | Foreign Currency Transactions — The accounting records of the Funds are maintained in U.S. dollars. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at the prevailing exchange rates. Purchases and sales of investment securities, dividend and interest income and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. |
The Funds do not isolate that portion of portfolio security valuation resulting from fluctuations in the foreign currency exchange rates on portfolio securities from the fluctuations arising from changes in the market prices of securities held. Such 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.
d) | Securities Lending — The Funds, except for the Hartford Money Market HLS Fund, may lend their securities to certain qualified brokers who pay the Funds negotiated lender fees. The loans are fully collateralized at all times with cash and/or U.S. Government Securities and/or repurchase agreements. The cash collateral is then invested in short-term money market instruments. The repurchase agreements are fully collateralized by U.S. Government Securities. The adequacy of the collateral for securities on loan is monitored on a daily basis. For instances where the market value of collateral falls below the market value of the securities out on loan, such collateral is supplemented on the following business day. |
While securities are on loan, each Fund is subject to the following risks: 1) that the borrower may default on the loan and that the collateral could be inadequate in the event the borrower defaults, 2) that the earnings on the collateral invested may not be sufficient to pay fees incurred in connection with the loan, 3) that the principal value of the collateral invested may decline and may not be sufficient to pay back the borrower for the amount of the collateral posted, 4) that the borrower may use the loaned securities to cover a short sale which may place downward pressure on the market prices of the loaned securities, 5) that return of loaned securities could be delayed and could interfere with portfolio management decisions and 6) that any efforts to recall the securities for purposes of voting a proxy may not be effective. No Funds had securities on loan as of June 30, 2009.
e) | Joint Trading Account — Pursuant to an exemptive order issued by the SEC, the Funds may transfer uninvested cash balances into a joint trading account managed by Hartford Investment Management Company (“Hartford Investment Management”), a wholly-owned indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”), or Wellington Management Company LLP (“Wellington”). These balances may be invested in one or more repurchase agreements and/or short-term money market instruments. | |
f) | Repurchase Agreements — A repurchase agreement is an agreement by which the seller of a security agrees to repurchase the security sold at a mutually agreed upon time and price. At the time the Funds enter into a repurchase agreement, the value of the underlying collateral security(ies), including accrued interest, will be equal to or exceed the value of the repurchase agreement. Securities that serve to collateralize the repurchase agreement are held by each Fund’s custodian in book entry or physical form in the custodial account of the Funds or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest. Certain Funds, as shown on the Schedule of Investments, had outstanding repurchase agreements as of June 30, 2009. |
64
Table of Contents
g) | Forward Foreign Currency Contracts — At June 30, 2009, certain Funds, as shown in the Schedule of Investments, entered into forward foreign currency contracts that obligate the Funds to repurchase/replace or sell currencies at specified future dates. The Funds enter into forward foreign currency contracts to hedge against adverse fluctuations in exchange rates between currencies. |
Forward foreign currency contracts involve elements of market risk in excess of the amount 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.
h) | Indexed Securities — The Funds may invest in indexed securities whose values are linked to changes in interest rates, indices, or other underlying instruments. The Funds use these securities to increase or decrease their exposure to different underlying instruments and to gain exposure to markets that might be difficult to invest in using conventional securities. Indexed securities may be more volatile than their underlying instruments, but any loss is limited to the amount of the original investment and there may be a limit to the potential appreciation of the investment. Certain Funds, as shown in the Schedule of Investments under Exchange Traded Funds, had investments in indexed securities, as of June 30, 2009. | |
i) | Fund Share Valuation and Dividend Distributions to Shareholders — Orders for the Funds’ shares are executed in accordance with the investment instructions of the contract holders or plan participants. The NAV of each Fund’s shares is determined as of the close of each business day of the Exchange. The NAV is determined separately for each class of each Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Orders for the purchase of a Fund’s shares received by an insurance company or plan prior to the close of the Exchange on any day on which the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company or plan after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV. |
Dividends are declared pursuant to a policy adopted by the Funds’ Board of Directors based upon the investment performance of the Funds. The policy of all Funds, except Hartford Money Market HLS Fund, is to pay dividends from net investment income and distribute realized capital gains, if any, at least once a year.
Hartford Money Market HLS Fund seeks to maintain a stable NAV of $1.00 by declaring a daily dividend from net investment income, including net short-term capital gains and losses, and by valuing its investments using the amortized cost method, which approximates fair value. Dividends are declared daily and distributed monthly.
Distributions from net investment income, realized capital gains and capital are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing. These differences include foreign currency gains and losses, losses deferred due to wash sales adjustments, related to Passive Foreign Investment Companies and certain derivatives, and excise tax regulations. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Funds’ capital accounts (see Reclassification of Capital Accounts within the Federal Income Tax section of the Notes to Financial Statements).
j) | Illiquid and Restricted Securities — Each Fund is permitted to invest up to 15% of its net assets in illiquid securities, except for Hartford Money Market HLS Fund which may invest up to 10% in such securities. “Illiquid Securities” are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine a Fund’s NAV. A Fund may not be able to sell illiquid securities or other investments when its sub-adviser considers it desirable to do so or may have to sell such securities or investments at a price that is lower than the price that could be obtained if the securities or investments were more liquid. A sale of illiquid securities or other investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid securities and investments also may be more difficult to value, due to the unavailability of reliable market quotations for such securities or investments, and investment in them may have an adverse impact on NAV. Each Fund may also purchase certain restricted securities, commonly known as Rule 144A securities, that can be resold to institutions and which may be determined to be liquid pursuant to policies and guidelines established by the Funds’ Board of Directors. Certain Funds, as shown in the Schedule of Investments, had illiquid or restricted securities as of June 30, 2009. | |
k) | Securities Purchased on a When-Issued or Delayed-Delivery Basis — Delivery and payment for securities that have been purchased by the Funds on a forward commitment, or when-issued or delayed-delivery basis take place beyond the customary settlement period. During this period, such securities are subject to market fluctuations, and the Funds identify securities segregated in their records with value at least equal to the amount of the commitment. Certain Funds, as shown in the Schedule of Investments, had when-issued or delayed delivery securities as of June 30, 2009. | |
l) | Credit Risk — 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 which holds securities with higher credit risk may fluctuate more than with less aggressive bond funds. | |
m) | Senior Floating Rate Interests — Certain Funds, as shown in the Schedule of Investments, may invest in senior floating rate interests. Senior floating rate interests 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 debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. 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 the 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. | |
n) | Prepayment Risks — Most senior floating rate interests and certain debt securities allow for prepayment of principal without penalty. Senior floating rate interests and securities subject to prepayment risk generally offer less potential for gains when interest rates decline, and may offer a greater |
65
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
potential for loss when interest rates rise. In addition, with respect to securities, 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 risk is a major risk of mortgage-backed securities and certain asset-backed securities. Accordingly, the potential for the value of a senior floating rate interest or debt security to increase in response to interest rate declines is limited. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity. |
Senior floating rate interests or debt securities purchased to replace a prepaid loan or a debt security may have lower yields than the yield on the prepaid loan or debt security. Senior floating rate interests generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for the Borrower to repay, prepayments of senior floating rate interests may occur. As a result, the actual remaining maturity of senior floating rate interests held may be substantially less than the stated maturities shown in the Schedule of Investments.
o) | Credit Default Swaps — The Funds are subject to credit risk in the normal course of pursuing their investment objectives. Certain Funds may enter into event linked swaps, including credit default swap contracts. The credit default swap market allows a Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying security in the event of a defined credit event, such as payment default or bankruptcy. |
Under a credit default swap, one party acts as a guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying security 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 Statement of Operations. The Fund’s maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty. A Fund will generally not buy protection on issuers that are not currently held by such Fund. Certain Funds, as shown in the Schedule of Investments, had outstanding credit default swaps as of June 30, 2009.
p) | Interest Rate Swaps — The Funds are subject to interest rate risk exposure in the normal course of pursuing their investment objectives. Because certain funds hold fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk and to maintain their ability to generate income at prevailing market rates, certain Funds may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate multiplied by a “notional principal 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 agreements is accrued daily as interest income/expense. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statement of Operations. When the interest rate swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the current realized value and the expected cash flows. |
If a interest rate swap agreement provides for payments in different currencies, the parties might agree to exchange the notional principal amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index or mortgage prepayment rates. 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 agreement. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract’s remaining life, to the extent that amount is positive. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty. As of June 30, 2009, there were no outstanding interest rate swap agreements.
q) | Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Operating results in the future could vary from the amounts derived from management’s estimates. | |
r) | Financial Accounting Standards Board Financial Accounting Standards No. 157 — Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”) clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Fair value is defined under FAS 157 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Under FAS 157, a fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. |
Various inputs are used in determining the value of the Funds’ investment. These inputs are summarized, per FAS 157, 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 securities. Level 1 includes exchange-traded instruments such as domestic equities, some foreign equities, options, futures, mutual funds, ETF’s, and rights and warrants. | |
• | Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar securities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the security. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are valued using third party pricing services and foreign equities, whose value is determined using a multi-factor regression model with inputs that are observable in the market; and money market instruments, which are carried at amortized cost. |
66
Table of Contents
• | Level 3 — Significant unobservable inputs that are supported by little or no market activity. Level 3 includes financial instruments whose values are determined using broker quotes and requires significant management judgment or estimation. This category includes broker quoted securities, long dated OTC options and securities where trading has been halted or there are certain restrictions on trading. While these securities are priced using unobservable inputs, the valuation of these securities reflects the best available data and management believes the prices are a good representation of exit price. |
Individual securities within any of the above mentioned asset classes may be assigned a different hierarchical level than that presented above, as individual circumstances dictate.
FAS 157 also requires that a roll forward reconciliation be shown for all Level 3 securities from the beginning of the reporting period to the end of the reporting period. Part of this reconciliation includes transfers in and/or out of Level 3. For purposes of this reconciliation, transfers in are shown at the end of period fair value and transfers out are shown at the beginning of period fair value.
Refer to the valuation hierarchy levels summary and the Level 3 roll forward reconciliation found following the Schedules of Investments.
FASB Staff Position No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP FAS 157-4”), provides additional guidance on determining whether a market for a financial asset is not active and a transaction is not distressed when measuring fair value under FAS 157. The FSP FAS 157-4 also requires additional disclosure detail on debt and equity securities by major investment categories. Implementation of this standard did not have an impact on the valuation of the Funds’ investments. The additional disclosures required of this standard are included in the valuation hierarchy levels summary found following the Schedule of Investments.
s) | Financial Accounting Standards Board Financial Accounting Standards No. 161 — In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company and any credit risk-related contingent features of the agreements. The application of FAS 161 is required for fiscal years and interim periods beginning after November 15, 2008. Implementation of this standard did not impact valuation. |
Fair value of Derivative Instruments as of June 30, 2009:
Hartford Capital Appreciation HLS Fund
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 55 | Unrealized depreciation on forward foreign currency contracts | $ | 2 |
Hartford International Opportunities HLS Fund
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 21 | Unrealized depreciation on forward foreign currency contracts | $ | 46 |
Hartford Money Market HLS Fund
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Other contracts | Investment in securities, at value (Capital Support Agreement), market value | $ | — |
Hartford Small Company HLS Fund
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Equity contracts | Summary of Net Assets — Unrealized depreciation | $ | 156 |
Hartford Stock HLS Fund
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Statement of Assets and Liabilities Location | ||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 3 |
67
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Total Return Bond HLS Fund | ||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||
Risk Exposure Category | Statement of Assets and Liabilities Location | Market Value | Statement of Assets and Liabilities Location | Market Value | ||||||||
Interest rate contracts | Summary of Net Assets — Unrealized appreciation | $ | 1,136 | Summary of Net Assets — Unrealized depreciation | $ | 3,184 | ||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 548 | Unrealized depreciation on forward foreign currency contracts | 1,078 | ||||||||
Credit contracts | Unrealized depreciation on swap contracts | 2,249 |
With the exception of the following Fund and specifically the derivatives so noted, the volume of the derivatives that are presented above in Derivative Instruments tables are consistent with derivative activity during the six-month period ended June 30, 2009:
Ratio of Forward Currency Contract | Monthly Six-Month Average | |||||||
Market Value to Net Assets | of Ratio of Forward Currency Contracts | |||||||
as of June 30, 2009 | Market Value to Net Assets | |||||||
Hartford Total Return Bond HLS Fund | 12.38 | % | 21.35 | % |
Realized Gain/Loss and change in Unrealized Appreciation (Depreciation) on Derivative Investments for the six-month period ended June 30, 2009:
Hartford Advisers HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (573 | ) | $ | — | $ | — | $ | (573 | ) | ||||||||||
Foreign exchange contracts | — | — | — | 355 | — | 355 | ||||||||||||||||||
Total | $ | — | $ | — | $ | (573 | ) | $ | 355 | $ | — | $ | (218 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (25 | ) | $ | — | $ | (25 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (25 | ) | $ | — | $ | (25 | ) | ||||||||||
Hartford Capital Appreciation HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 83 | $ | — | $ | 83 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 83 | $ | — | $ | 83 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (78 | ) | $ | — | $ | (78 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (78 | ) | $ | — | $ | (78 | ) | ||||||||||
68
Table of Contents
Hartford International Opportunities HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (1,292 | ) | $ | — | $ | (1,292 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (1,292 | ) | $ | — | $ | (1,292 | ) | ||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (11 | ) | $ | — | $ | (11 | ) | ||||||||||
Hartford Small Company HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (75 | ) | $ | — | $ | (75 | ) | ||||||||||
Equity contracts | — | — | 3,684 | — | — | 3,684 | ||||||||||||||||||
Total | $ | — | $ | — | $ | 3,684 | $ | (75 | ) | $ | — | $ | 3,609 | |||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (8 | ) | $ | — | $ | (8 | ) | ||||||||||
Equity contracts | — | — | (581 | ) | — | — | (581 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (581 | ) | $ | (8 | ) | $ | — | $ | (589 | ) | |||||||||
Hartford Stock HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | 278 | $ | — | $ | 278 | ||||||||||||
Total | $ | — | $ | — | $ | — | $ | 278 | $ | — | $ | 278 | ||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Foreign exchange contracts | $ | — | $ | — | $ | — | $ | (22 | ) | $ | — | $ | (22 | ) | ||||||||||
Total | $ | — | $ | — | $ | — | $ | (22 | ) | $ | — | $ | (22 | ) | ||||||||||
69
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Hartford Total Return Bond HLS Fund | ||||||||||||||||||||||||
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | 346 | $ | 702 | $ | — | $ | — | $ | 1,048 | ||||||||||||
Foreign exchange contracts | — | — | — | 5,670 | — | 5,670 | ||||||||||||||||||
Credit contracts | — | — | — | — | (628 | ) | (628 | ) | ||||||||||||||||
Total | $ | — | $ | 346 | $ | 702 | $ | 5,670 | $ | (628 | ) | $ | 6,090 | |||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||||||||||
Purchased | Forward Currency | |||||||||||||||||||||||
Risk Exposure Category | Written Options | Options | Futures | Contracts | Swaps | Total | ||||||||||||||||||
Interest rate contracts | $ | — | $ | — | $ | (2,871 | ) | $ | — | $ | — | $ | (2,871 | ) | ||||||||||
Foreign exchange contracts | — | — | — | 1,850 | — | 1,850 | ||||||||||||||||||
Credit contracts | — | — | — | — | (749 | ) | (749 | ) | ||||||||||||||||
Total | $ | — | $ | — | $ | (2,871 | ) | $ | 1,850 | $ | (749 | ) | $ | (1,770 | ) | |||||||||
t) | Financial Accounting Standards Board Financial Accounting Standards No. 165 — In May 2009, the FASB released Statement of Financial Accounting Standards No. 165, “Subsequent Events” (“FAS 165”). FAS 165 requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. Management has evaluated subsequent events through August 17, 2009. | |
u) | Indemnifications: Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland Corporate Law and the federal securities law. In addition, the Company, on behalf of the Funds, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. |
3. | Futures and Options: |
Futures and Options Transactions — The Funds are subject to equity price risk, interest rate risk and foreign currency exchange risk in the normal course of pursuing their investment objectives. The Funds may invest in futures and options contracts in order to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. A futures contract is an agreement between two parties to buy and sell an asset at a set price on a future date. When the Funds enter into such futures contracts, they are required to deposit with a futures commission merchant an amount of “initial margin” of cash, commercial paper or U.S. Treasury Bills. Subsequent payments, called variation margin, to and from the broker, are made on a daily basis as the price of the underlying asset fluctuates, making the long and short positions in the futures contract more or less valuable (i.e., mark-to-market), which results in an unrealized gain or loss to the Funds.
At any time prior to the expiration of the futures contract, a Fund may close the position by taking an opposite position, which would effectively terminate the position in the futures contract. A final determination of variation margin is then made, additional cash is required to be paid by or released to the Fund and the Fund realizes a gain or loss.
The use of futures contracts involves elements of market risk, which may exceed the amounts recognized in the Statements of Assets and Liabilities. Changes in the value of the futures contracts may decrease the effectiveness of the Funds’ strategies and potentially result in loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded, through a clearing house. The clearing house requires sufficient collateral to cover margins. Certain Funds, as shown on the Schedule of Investments, had outstanding futures contracts as of June 30, 2009.
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) a security or other financial asset at an agreed-upon price during a specific period of time or on a specific date. The premium paid by a Fund for the purchase of a call or put option is included in the Fund’s Statement of Assets and Liabilities as an investment and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options to reflect the current market value of the option as of the end of the reporting period.
The Funds may write covered options. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying securities or currency or an option to purchase or sell the same underlying securities or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid securities having a value equal to or greater than the fluctuating market value of the option securities or currencies. A Fund receives a premium for writing a call or put option, which is recorded on the Fund’s Statement of Assets and Liabilities and subsequently “marked-to-market” through net unrealized appreciation (depreciation) of options. There is a risk of loss from a change in the value of such options, which may exceed the related premiums received. The Funds had no transactions involving written options contracts for the six-month period ended June 30, 2009.
4. | Federal Income Taxes: |
a) | Federal Income Taxes — For federal income tax purposes, the Funds intend to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of their taxable net investment income and net realized capital gains to their |
70
Table of Contents
shareholders and otherwise complying with the requirements of regulated investment companies. The Funds have distributed substantially all of their income and capital gains in prior years and each Fund intends to distribute substantially all of its income and gains prior to the next fiscal year end. 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) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of wash sale transactions, amortization adjustments, and differing tax treatment for investments in PFICs, derivatives, REITs, RICs, and partnerships. The character of distributions made during the year from net investment income or 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 the Funds. | |
c) | The tax character of distributions paid for the periods indicated is as follows (as adjusted for dividends payable): |
For the Year Ended | For the Year Ended | |||||||||||||||||||||||
December 31, 2008 | December 31, 2007 | |||||||||||||||||||||||
Long-Term | Long-Term | |||||||||||||||||||||||
Ordinary | Capital | Tax return | Ordinary | Capital | Tax return | |||||||||||||||||||
Income | Gains (a) | of capital | Income | Gains (a) | of capital | |||||||||||||||||||
Hartford Advisers HLS Fund | $ | 165,176 | $ | 30,856 | $ | — | $ | 685,113 | $ | 286,923 | $ | — | ||||||||||||
Hartford Capital Appreciation HLS Fund | 484,893 | 871,324 | — | 706,183 | 1,741,718 | — | ||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 148,624 | 107,986 | — | 162,791 | 530,149 | — | ||||||||||||||||||
Hartford International Opportunities HLS Fund | 97,735 | 21,880 | — | 218,997 | 244,053 | — | ||||||||||||||||||
Hartford Money Market HLS Fund | 76,078 | — | — | 108,593 | — | — | ||||||||||||||||||
Hartford Small Company HLS Fund | 1,146 | 4,794 | — | 152,417 | 88,145 | — | ||||||||||||||||||
Hartford Stock HLS Fund | 78,096 | 6,404 | — | 460,819 | 261,474 | — | ||||||||||||||||||
Hartford Total Return Bond HLS Fund | 282,435 | — | — | 230,998 | — | — |
(a) | The Funds designate these distributions as long-term gain capital dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2008, the components of distributable earnings (deficit) on tax basis were as follows:
Total | ||||||||||||||||||||
Undistributed | Undistributed | Accumulated | Unrealized | Accumulated | ||||||||||||||||
Ordinary | Long-Term | Capital and | Appreciation | Earnings | ||||||||||||||||
Income | Capital Gain | Other Losses* | (Depreciation)@ | (Deficit) | ||||||||||||||||
Hartford Advisers HLS Fund | $ | 5,821 | $ | — | $ | (716,620 | ) | $ | (1,431,790 | ) | $ | (2,142,589 | ) | |||||||
Hartford Capital Appreciation HLS Fund | — | — | (1,588,323 | ) | (3,363,138 | ) | (4,951,461 | ) | ||||||||||||
Hartford Dividend and Growth HLS Fund | 6,857 | — | (252,046 | ) | (757,455 | ) | (1,002,644 | ) | ||||||||||||
Hartford International Opportunities HLS Fund | 1,284 | — | (395,755 | ) | (264,190 | ) | (658,661 | ) | ||||||||||||
Hartford Money Market HLS Fund | 2,002 | — | (13,032 | ) | — | (11,030 | ) | |||||||||||||
Hartford Small Company HLS Fund | — | — | (282,842 | ) | (235,277 | ) | (518,119 | ) | ||||||||||||
Hartford Stock HLS Fund | 3,429 | — | (676,353 | ) | (1,111,932 | ) | (1,784,856 | ) | ||||||||||||
Hartford Total Return Bond HLS Fund | — | — | (252,880 | ) | (447,527 | ) | (700,407 | ) |
* | Certain Funds had capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows. | |
@ | The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of wash sales losses, the mark-to-market adjustment for certain derivatives in accordance with IRC Sec. 1256, mark to market for Passive Foreign Investment Companies and basis differences in real estate investment trusts. |
d) | Reclassification of Capital Accounts — In accordance with American Institute of Certified Public Accountants (AICPA) Statement of Position 93-2, Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies, the Funds have recorded reclassifications in their capital accounts. These reclassifications had no impact on the NAV of the Funds. The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses that reduce distribution requirements. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of a Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from net investment income, from net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2008, the Funds recorded the following reclassifications to increase (decrease) the accounts listed below. |
Undistributed | Accumulated | |||||||||
Net Investment | Net Realized | Paid-in- | ||||||||
Income | Gain (Loss) | Capital | ||||||||
Hartford Advisers HLS Fund | $ | 16,968 | $ | (16,968 | ) | $ — | ||||
Hartford Capital Appreciation HLS Fund | (10,949 | ) | 10,948 | 1 | ||||||
Hartford Dividend and Growth HLS Fund | (111 | ) | 111 | — | ||||||
Hartford International Opportunities HLS Fund | 1,538 | (1,488 | ) | (50) | ||||||
Hartford Small Company HLS Fund | (223 | ) | 189 | 34 | ||||||
Hartford Stock HLS Fund | 15,978 | (15,979 | ) | 1 | ||||||
Hartford Total Return Bond HLS Fund | 16,999 | (17,007 | ) | 8 |
71
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
e) | Capital Loss Carryforward: |
At December 31, 2008 (tax-year-end), the following Funds had capital loss carryforwards for U.S. federal income tax purposes of approximately:
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total | ||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 455,474 | $ | 455,474 | ||||||||||||||||||
Hartford Capital Appreciation HLS Fund | — | — | — | — | — | — | — | 735,471 | 735,471 | |||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | — | — | — | — | — | — | — | 39,088 | 39,088 | |||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | 3,630 | 1,046 | — | — | — | — | — | 209,068 | 213,744 | |||||||||||||||||||||||||||
Hartford Money Market HLS Fund | — | — | — | — | — | — | — | 13,032 | 13,032 | |||||||||||||||||||||||||||
Hartford Small Company HLS Fund | — | — | — | — | — | — | — | 156,735 | 156,735 | |||||||||||||||||||||||||||
Hartford Stock HLS Fund | — | — | — | — | — | — | — | 431,980 | 431,980 | |||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | — | — | — | — | — | 22,202 | — | 141,751 | 163,953 |
As of December 31, 2008, the following Funds elected to defer the following post October losses.
Long-Term | ||||||||
Fund | Ordinary Income | Capital Gain | ||||||
Hartford Advisers HLS Fund | $ | — | $ | 261,146 | ||||
Hartford Capital Appreciation HLS Fund | 63,136 | 789,716 | ||||||
Hartford Dividend and Growth HLS Fund | — | 212,958 | ||||||
Hartford International Opportunities HLS Fund | — | 182,011 | ||||||
Hartford Small Company HLS Fund | — | 126,107 | ||||||
Hartford Stock HLS Fund | — | 244,373 | ||||||
Hartford Total Return Bond HLS Fund | 17,384 | 71,543 |
Based on certain provisions in the IRC, various limitations regarding the future utilization of Hartford International Opportunities HLS Fund and Hartford Total Return Bond HLS Fund carryforwards may apply.
f) | Accounting for Uncertainty in Income Taxes — Management has evaluated all open tax years and has determined there is no impact to the Funds’ financial statements related to uncertain tax positions. |
5. | Expenses: |
a) | Investment Management Agreements — HL Investment Advisors, LLC (HL Advisors) an indirect wholly-owned subsidiary of The Hartford, serves as investment manager to the Funds pursuant to an Investment Management Agreement for the Hartford Series Fund, Inc. and the Hartford HLS Series Fund II, Inc. As investment manager, HL Advisors has overall investment supervisory responsibility for each Fund. In addition, HL Advisors provides administrative personnel, services, equipment and facilities and office space for proper operation of the Funds. |
HL Advisors has contracted with Wellington for the provision of day-to-day investment management services to Hartford Advisers HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford International Opportunities HLS Fund, Hartford Small Company HLS Fund and Hartford Stock HLS Fund in accordance with each Fund’s investment objective and policies.
In addition, HL Advisors has contracted with Hartford Investment Management for the provision of day-to-day investment management services for Hartford Money Market HLS Fund, Hartford Small Company HLS Fund and Hartford Total Return Bond HLS Fund in accordance with each Fund’s investment objectives and policies.
Each Fund pays a fee to HL Advisors, a portion of which is used to compensate Hartford Investment Management and Wellington, as applicable.
b) | Administrative Services Agreement — Under the Administrative Services Agreement between HLIC and the Funds, HLIC provides administrative services to the Funds and receives monthly compensation at the annual rate of 0.20% of each Fund’s average daily net assets. The Funds assume and pay certain other expenses (including, but not limited to, accounting, custodian, state taxes and directors’ fees). |
The schedules below reflect the rates of compensation paid to HL Advisors for investment management services and to HLIC for administrative services rendered during the six-month period ended June 30, 2009; the rates are accrued daily and paid monthly.
Hartford Capital Appreciation HLS Fund, | ||||
Hartford Dividend and Growth HLS Fund and | ||||
Hartford International Opportunities HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.7750% | |||
On next $250 million | 0.7250% | |||
On next $500 million | 0.6750% | |||
On next $4 billion | 0.6250% | |||
On next $5 billion | 0.6225% | |||
Over $10 billion | 0.6200% |
Hartford Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.7750% | |||
On next $250 million | 0.7250% | |||
On next $500 million | 0.6750% | |||
On next $500 million | 0.6000% | |||
On next $3.5 billion | 0.5500% | |||
On next $5 billion | 0.5300% | |||
Over $10 billion | 0.5200% |
72
Table of Contents
Hartford Advisers HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.6800% | |||
On next $250 million | 0.6550% | |||
On next $500 million | 0.6450% | |||
On next $4 billion | 0.5950% | |||
On next $5 billion | 0.5925% | |||
Over $10 billion | 0.5900% |
Hartford Total Return Bond HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.5250% | |||
On next $250 million | 0.5000% | |||
On next $500 million | 0.4750% | |||
On next $4 billion | 0.4500% | |||
On next $5 billion | 0.4300% | |||
Over $10 billion | 0.4200% |
Hartford Stock HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $250 million | 0.5250% | |||
On next $250 million | 0.5000% | |||
On next $500 million | 0.4750% | |||
On next $4 billion | 0.4500% | |||
On next $5 billion | 0.4475% | |||
Over $10 billion | 0.4450% |
Hartford Money Market HLS Fund | ||||
Average Daily Net Assets | Annual Fee | |||
On first $5 billion | 0.4000% | |||
On next $5 billion | 0.3800% | |||
Over $10 billion | 0.3700% |
c) | Accounting Services Agreement — Pursuant to the Fund Accounting Agreement between HLIC and the Funds, HLIC provides accounting services to the Funds and receives monthly compensation on each Fund’s average daily net assets. The Fund’s accounting services fees are accrued daily and paid monthly. |
The rates of compensation paid to HLIC are as follows: |
Hartford Capital Appreciation HLS Fund and | ||||
Hartford Total Return Bond HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.018% | |||
On next $5 billion | 0.016% | |||
Over $10 billion | 0.014% |
Hartford Advisers HLS Fund and | ||||
Hartford International Opportunities HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.016% | |||
On next $5 billion | 0.014% | |||
Over $10 billion | 0.012% |
Hartford Dividend and Growth HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.014% | |||
On next $5 billion | 0.012% | |||
Over $10 billion | 0.010% |
Hartford Small Company HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
On first $5 billion | 0.012% | |||
Over $5 billion | 0.010% |
Hartford Money Market HLS Fund and | ||||
Hartford Stock HLS Fund | ||||
Average Daily Net Assets | Annual Rate | |||
All assets | 0.010% |
d) | Other Related Party Transactions — Certain officers of the Funds are directors and/or officers of HL Advisors, and/or The Hartford or its subsidiaries. For the six-month period ended June 30, 2009, a portion of the Funds’ Chief Compliance Officer’s salary was paid by the Funds in the amount of $63. Hartford Investment Services Company LLC (“HISC”), a wholly owned subsidiary of The Hartford, provides transfer agent services to the Funds. HISC was compensated $11 for providing such services. The fees are accrued daily and paid monthly. | |
e) | Operating Expenses — Allocable expenses incurred by the Funds are allocated to each Fund and allocated to classes within a Fund in proportion to the average daily net assets of each Fund and class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within a Fund. | |
f) | Fees Paid Indirectly — The Funds have entered into agreements with State Street Global Advisers, LLC and Russell Implementation Securities, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Funds’ expenses. In addition, the Funds’ custodian bank has also agreed to reduce its fees when the Funds maintain cash on deposit in the non-interest-bearing custody account. For the six-month period ended June 30, 2009, these amounts are included in the Statements of Operations. |
73
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. Had the fees paid indirectly been included, the annualized expense ratio for the periods listed below would have been as follows:
For the | ||||||||||||||||||||||||||||||||||||||||||||||||
Six-Month | For the | For the | For the | For the | For the | |||||||||||||||||||||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, 2009 | December 31, 2008 | December 31, 2007 | December 31, 2006 | December 31, 2005 | December 31, 2004 | |||||||||||||||||||||||||||||||||||||||||||
Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | |||||||||||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | 0.65 | % | 0.90 | % | 0.63 | % | 0.88 | % | 0.63 | % | 0.88 | % | 0.62 | % | 0.87 | % | 0.64 | % | 0.89 | % | 0.66 | % | 0.91 | % | ||||||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | 0.68 | 0.93 | 0.66 | 0.91 | 0.67 | 0.92 | 0.66 | 0.91 | 0.67 | 0.92 | 0.67 | 0.92 | ||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 0.69 | 0.94 | 0.66 | 0.91 | 0.67 | 0.92 | 0.66 | 0.91 | 0.66 | 0.91 | 0.67 | 0.92 | ||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | 0.76 | 1.01 | 0.71 | 0.96 | 0.70 | 0.95 | 0.73 | 0.98 | 0.74 | 0.99 | 0.74 | 0.99 | ||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | 0.41 | 0.44 | 0.42 | 0.67 | 0.42 | 0.67 | 0.48 | 0.73 | 0.49 | 0.74 | 0.48 | 0.73 | ||||||||||||||||||||||||||||||||||||
Hartford Small Company HLS Fund | 0.75 | 1.00 | 0.71 | 0.96 | 0.70 | 0.95 | 0.70 | 0.95 | 0.71 | 0.96 | 0.70 | 0.95 | ||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund | 0.51 | 0.76 | 0.48 | 0.73 | 0.48 | 0.73 | 0.47 | 0.72 | 0.48 | 0.73 | 0.48 | 0.73 | ||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | 0.50 | 0.75 | 0.49 | 0.74 | 0.49 | 0.74 | 0.49 | 0.74 | 0.50 | 0.75 | 0.50 | 0.75 |
g) | Distribution Plan for Class IB shares — The Funds have adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the Class IB shares. Pursuant to the Distribution Plan, each Fund is authorized to compensate the Distributor, Hartford Securities Distribution Company, Inc. (a wholly owned, ultimate subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”)) from assets attributable to the Class IB shares for services rendered and expenses borne in connection with activities primarily intended to result in the sale of the Class IB shares, subject to the Fund Board’s review and approval. |
The Distribution Plan provides that each Fund may pay annually up to 0.25% of the average daily net assets of a Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board has the authority to suspend or reduce these payments at any point in time. Under the terms of the Distribution Plan and the principal underwriting agreement, each Fund is authorized to make payments monthly to the Distributor which may be used to pay or compensate entities providing distribution and shareholder servicing with respect to the Class IB shares for such entities’ fees or expenses incurred or paid in that regard. These fees are accrued daily and paid monthly.
At a meeting held on August 5, 2009, the Board of Directors approved the temporary reduction of payment of distribution and service fees under the Hartford Money Market HLS Fund’s 12b-1 Plan of Distribution to zero for Class IB through February 28, 2010. This will result in a corresponding temporary reduction of 12b-1 payments of amounts paid to financial intermediaries by the Hartford Money Market HLS Fund’s distributor to zero for Class IB during this time period. The Board’s action can be changed at any time.
The Hartford may be required to pay, out of its own resources, the equivalent of the 12b-1 fees to financial intermediaries notwithstanding the reduction of 12b-1 fees. Since January 2009, the Fund’s distributor has made payments out of its own resources to financial intermediaries equal to the amount of Hartford Money Market HLS Fund’s 12b-1 fees that would have been paid, notwithstanding waivers of 12b-1 fees.
For the six-month period ended June 30, 2009, HL Advisers has reimbursed expenses or waived fees for Hartford Money Market HLS Fund to the extent necessary to prevent the Fund’s earnings from falling below the level of its expenses.
h) | Payment from Affiliate — The Funds are available for purchase by the separate accounts of different variable universal life policies, variable annuity products, and funding agreements and they are offered directly to certain qualified retirement plans (collectively “Products”). Although existing Products contain transfer restrictions, some Products, particularly older variable annuity products, do not contain restrictions on the frequency of transfers. In addition, as the result of the settlement of litigation against Hartford Life, Inc. (“Hartford Life”) (the issuer of such variable annuity products), the Funds’ ability to restrict transfers by certain owners of older variable annuity products was limited. During 2006, these annuity owners surrendered the older variable annuity contracts that were the subject of prior litigation. In February 2005, Hartford Life agreed with the Board of Directors of the Funds to indemnify the Funds for any material harm caused to the Funds from frequent trading by these contract owners. |
On November 8, 2006, the SEC issued an order setting forth the terms of a settlement reached with three subsidiaries of The Hartford that resolves the SEC’s Division of Enforcement’s investigation of aspects of the Hartford ’s variable annuity and mutual fund operations related to directed brokerage and revenue sharing. Under the terms of the settlement, The Hartford paid a total of $39.6 million to the Funds. These amounts were recorded on November 8, 2006 and paid on November 22, 2006. The Hartford settled this matter without admitting or denying the findings of the SEC.
On May 2, 2007, Hartford Small Company HLS Fund was reimbursed for trading reimbursements relating to the change in portfolio managers of the Fund.
On June 8, 2007, Hartford Small Company HLS Fund was reimbursed for incorrect IPO allocations to the Fund.
74
Table of Contents
The total return in the financial highlights includes the impact of the payment from affiliates. The tables below show the impact of each of the payments from affiliates and what the total return for the years ended December 31, 2007, 2006 and 2005, would have been as follows:
Impact from Payment | Impact from Payment | Total Return | ||||||||||||||||||||||
from Affiliate for | from Affiliate for | Excluding | ||||||||||||||||||||||
Trading | Incorrect IPO | Payments from | ||||||||||||||||||||||
Reimbursements for | Allocations for the | Affiliate for the | ||||||||||||||||||||||
the Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 31, 2007 | December 31, 2007 | December 31, 2007 | ||||||||||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | ||||||||||||||||||
Hartford Small Company HLS Fund | 0.16 | % | 0.16 | % | 0.03 | % | 0.03 | % | 14.01 | % | 13.73 | % |
Total Return | ||||||||||||||||||||||||
Impact from Payment | Impact from Payment | Excluding | ||||||||||||||||||||||
from Affiliate for | from Affiliate for | Payments from | ||||||||||||||||||||||
SEC Settlement | Unrestricted Transfers | Affiliate | ||||||||||||||||||||||
for the Year Ended | for the Year Ended | for the Year Ended | ||||||||||||||||||||||
December 31, 2006 | December 31, 2006 | December 31, 2006 | ||||||||||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | Class IA | Class IB | ||||||||||||||||||
Hartford Advisers HLS Fund | 0.09 | % | 0.09 | % | — | % | — | % | 10.61 | % | 10.34 | % | ||||||||||||
Hartford Capital Appreciation HLS Fund | 0.09 | 0.09 | — | — | 16.52 | 16.23 | ||||||||||||||||||
Hartford Dividend and Growth HLS Fund | 0.06 | 0.06 | 0.01 | 0.01 | 20.29 | 19.99 | ||||||||||||||||||
Hartford International Opportunities HLS Fund | 0.02 | 0.02 | — | — | 24.44 | 24.13 | ||||||||||||||||||
Hartford Small Company HLS Fund | 0.14 | 0.14 | — | — | 14.29 | 14.00 | ||||||||||||||||||
Hartford Stock HLS Fund | 0.11 | 0.12 | 0.01 | 0.01 | 14.53 | 14.24 | ||||||||||||||||||
Hartford Total Return Bond HLS Fund | — | — | — | — | 4.80 | 4.54 |
Total Return | ||||||||||||||||
Impact from Payment | Excluding | |||||||||||||||
from Affiliate for | Payments from | |||||||||||||||
Unrestricted Transfers | Affiliate | |||||||||||||||
for the Year Ended | for the Year Ended | |||||||||||||||
December 31, 2005 | December 31, 2005 | |||||||||||||||
Fund | Class IA | Class IB | Class IA | Class IB | ||||||||||||
Hartford Small Company HLS Fund | 0.10 | % | 0.10 | % | 20.91 | % | 20.61 | % |
6. | Investment Transactions: |
For the six-month period ended June 30, 2009, the costs of purchases and sales of securities for the Hartford Money Market HLS Fund were $21,762,699 and $22,556,945, respectively. For the six-month period ended June 30, 2009, aggregate purchases and sales of investment securities (excluding short-term investments) were as follows:
Cost of Purchases | Sales Proceeds | Cost of | ||||||||||||||
Excluding | Excluding | Purchases for | Sales Proceeds for | |||||||||||||
U.S. Government | U.S. Government | U.S. Government | U.S. Government | |||||||||||||
Obligations | Obligations | Obligations | Obligations | |||||||||||||
Hartford Advisers HLS Fund | $ | 1,244,043 | $ | 1,827,112 | $ | 207,984 | $ | 112,144 | ||||||||
Hartford Capital Appreciation HLS Fund | 4,608,671 | 4,745,775 | — | — | ||||||||||||
Hartford Dividend and Growth HLS Fund | 754,081 | 866,707 | — | — | ||||||||||||
Hartford International Opportunities HLS Fund | 998,169 | 1,023,655 | — | — | ||||||||||||
Hartford Small Company HLS Fund | 1,045,608 | 997,942 | — | — | ||||||||||||
Hartford Stock HLS Fund | 877,695 | 1,048,731 | — | — | ||||||||||||
Hartford Total Return Bond HLS Fund | 2,170,302 | 2,360,851 | 1,782,934 | 1,442,807 |
8. | Line of Credit: |
The Funds, except for Hartford Money Market HLS Fund, participate in a $500 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the Funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. During the six-month period ended June 30, 2009, the Funds did not have any borrowings under this facility.
9. | Participation in the U.S. Department of Treasury Guarantee Program for Money Market Funds: |
The Board of Directors (“Board”) of Hartford Series Fund, Inc. has approved the participation of Hartford Money Market HLS Fund in the U.S. Treasury Department’s Temporary Guarantee Program (the “Program”) for money market funds.
75
Table of Contents
Hartford Series Fund, Inc.
Notes to Financial Statements — (continued)
June 30, 2009 (Unaudited)
(000’s Omitted)
June 30, 2009 (Unaudited)
(000’s Omitted)
Subject to certain conditions and limitations, the Program provides that investors in the Fund will receive $1.00 for each Fund share held as of the close of business on September 19, 2008 in the event that the Fund closes at a NAV below $1.00 per share (a “guarantee event”). The Program only covers the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. Participation in the Program is expected to provide direct benefits to current shareholders that were shareholders as of September 19, 2008 and indirect benefits to all current shareholders by supporting the stability of the Fund’s asset level.
Accordingly, any purchase of shares of the Fund for a new account after the close of business on September 19, 2008 and any increase in the number of shares of the Fund held in an account after the close of business on September 19, 2008 will not be covered by the Program. In the event that shares held as of the close of business on September 19, 2008 are sold prior to the date of the guarantee event, the shares covered by the guarantee will be the lesser of (i) the amounts held in the Fund as of the close of business on September 19, 2008 or (ii) the amounts held in the Fund on the date of a guarantee event.
The cost to participate in the Program will be borne by the Fund without regard to any fee waiver and/or any expense limitation or reimbursement currently in effect for the Fund and is, therefore, borne by all shareholders of the Fund whether or not their shares are covered by the Program. Currently, assets available to the Program to support all participating money market funds do not exceed $50 billion and the Secretary of the Treasury may extend the Program up through the close of business on September 18, 2009.
On November 24, 2008, the U.S. Treasury Department extended the Program until April 30, 2009 and again on March 31, 2009 extended the Program until September 19, 2009. The Program still continues to cover only the amount an investor held in the Fund as of the close of business on September 19, 2008 or the amount an investor holds if and when a guarantee event occurs, whichever is less. The Board has approved the continued participation of the Fund in the Program. The cost to participate in the program will continue to be borne by the Fund.
10. | Money Market HLS Fund Support Agreement: |
The Money Market HLS Fund (the “Fund”) has entered into a Capital Support Agreement, dated September 26, 2008, and amended October 8, 2008 (the “CSA”) with HL Advisors and its affiliate Hartford Life, Inc. (“Hartford Life”). Under the terms of the CSA, Hartford Life has agreed to provide support of up to a maximum aggregate amount of $33.6 million for the Fund’s holdings of certain securities specified in the CSA (the “Notes”). The Notes held in the Fund as of June 30, 2009 are identified in the Schedule of Investments.
The CSA provides that Hartford Life will pay a capital contribution to the Fund if a “Contribution Event” occurs prior to an event terminating the CSA. The contribution amount would be the lesser of: (1) the amount sufficient for the Fund to maintain its market-based calculation of NAV at $0.9950 (which rounds to an NAV of $1.00), after giving effect to the contribution and payments received by the Fund in respect of the Notes; (2) the amount of the loss on the Notes, which is the excess of the amortized cost of the Notes, less deduction of any commissions or similar transaction cost, and any amount received by the Fund in connection with the Contribution Event; and (3) the maximum contribution amount under the CSA, which is $33.6 million for any and all contributions under the CSA.
The CSA defines a “Contribution Event” as any of the following occurrences: (1) any sale of the Note for cash in an amount, after deduction of any commissions or similar transaction costs, less than the amortized cost value of the Note sold as of the date of the settlement; (2) the receipt of final payment on the Note in an amount less than the amortized cost value of the Note as of the date such payment is received; (3) the issuance of orders by a court having jurisdiction over the matter discharging the issuer from liability for the Note and providing for payments on that Note in an amount less than the amortized cost value of the Note as of the date such payment is received; or (4) the receipt of any security or other instruments in exchange for, or as replacement of, the Note as a result of an exchange offer, debt restructuring, reorganization or similar transaction pursuant to which the Note is exchanged for, or replaced with, new securities of the issuer or third party and such new securities are or become “Eligible Securities,” as defined under Rule 2a-7 under the 1940 Act, and have a value that is less than the amortized cost of the Note on the date that the Fund receives such new securities.
On February 24, 2009, after the receipt of verbal “no-action” assurance provided by the staff of the SEC, the parties to the CSA entered into an amendment that permitted the CSA to continue despite the fact that Hartford Life’s obligations, effective February 9, 2009, no longer qualified as “First Tier” securities, as defined under Rule 2a-7 under the 1940 Act. The amendment required that Hartford Life establish an escrow account to support its potential future obligations under the CSA. The minimum balance of the escrow account is $725 (which was set equal to the aggregate unrealized loss on the Notes as of February 23, 2009), and the balance may periodically be adjusted based on the fair value of the Notes and the NAV of the Fund. As of June 30, 2009, the actual escrow balance is $1,585.
The CSA will terminate (unless the parties agree to an extension) on the earliest of the following dates: (1) September 26, 2009; (2) if and when all of the Notes are repaid in full; and (3) if and when Hartford Life has made capital contributions, in the aggregate, equal to the maximum aggregate amount of $33.6 million. Any extension would require approval of the SEC staff. In light of the terms of the CSA, the current and historical market value of the Notes and the net asset value of the Fund, it is possible that no capital contribution would be required even if the Fund were to realize a loss with respect to the Notes. The CSA applies only with respect to the Notes and does not guarantee that the Fund will maintain a stable NAV under all conditions. Apart from the CSA, Hartford Life has not undertaken nor is it obligated to provide support with respect to the Fund’s NAV.
During the six-month period ended June 30, 2009, the Fund did not receive a capital contribution under the terms of the CSA.
The fair value of the CSA may increase or decrease as a result of changes in the fair value of the Notes and other factors. As of June 30, 2009, the fair value of the CSA was zero, as noted in the Schedule of Investments.
11. | Industry Classifications: |
Other than the industry classifications “Other Investment Pools and Funds” and “Exchange Traded Funds”, 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.
76
Table of Contents
Hartford Series Fund, Inc.
Financial Highlights
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 13.69 | $ | 0.18 | $ | — | $ | 1.13 | $ | 1.31 | $ | — | $ | — | $ | — | $ | — | $ | 1.31 | $ | 15.00 | 9.60 | %(e) | $ | 3,332,565 | 0.66 | %(f) | 0.66 | %(f) | 2.49 | %(f) | 40 | % | ||||||||||||||||||||||||||||||||||
Class IB | 13.85 | 0.16 | — | 1.15 | 1.31 | — | — | — | — | 1.31 | 15.16 | 9.46 | (e) | 530,333 | 0.91 | (f) | 0.91 | (f) | 2.24 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.97 | 0.50 | — | (7.09 | ) | (6.59 | ) | (0.58 | ) | (0.11 | ) | — | (0.69 | ) | (7.28 | ) | 13.69 | (31.64 | ) | 3,404,626 | 0.63 | 0.63 | 2.43 | 76 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 21.18 | 0.47 | — | (7.17 | ) | (6.70 | ) | (0.52 | ) | (0.11 | ) | — | (0.63 | ) | (7.33 | ) | 13.85 | (31.81 | ) | 548,899 | 0.88 | 0.88 | 2.18 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.60 | 0.55 | — | 0.90 | 1.45 | (0.53 | ) | (2.55 | ) | — | (3.08 | ) | (1.63 | ) | 20.97 | 6.64 | 6,291,220 | 0.63 | 0.63 | 2.13 | 47 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.78 | 0.49 | — | 0.92 | 1.41 | (0.46 | ) | (2.55 | ) | — | (3.01 | ) | (1.60 | ) | 21.18 | 6.37 | 1,080,254 | 0.88 | 0.88 | 1.88 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.53 | 0.58 | 0.02 | 1.81 | 2.41 | (0.57 | ) | (1.77 | ) | — | (2.34 | ) | 0.07 | 22.60 | 10.70 | (g) | 7,207,926 | 0.64 | 0.64 | 2.24 | 87 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.70 | 0.51 | 0.02 | 1.83 | 2.36 | (0.51 | ) | (1.77 | ) | — | (2.28 | ) | 0.08 | 22.78 | 10.43 | (g) | 1,252,293 | 0.89 | 0.89 | 1.99 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 23.04 | 0.54 | — | 1.12 | 1.66 | (0.77 | ) | (1.04 | ) | (0.36 | ) | (2.17 | ) | (0.51 | ) | 22.53 | 7.24 | 8,157,354 | 0.66 | 0.65 | 1.96 | 89 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 23.17 | 0.47 | — | 1.15 | 1.62 | (0.69 | ) | (1.04 | ) | (0.36 | ) | (2.09 | ) | (0.47 | ) | 22.70 | 6.97 | 1,366,216 | 0.91 | 0.90 | 1.72 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.67 | 0.51 | — | 0.33 | 0.84 | (0.47 | ) | — | — | (0.47 | ) | 0.37 | 23.04 | 3.74 | 9,699,374 | 0.67 | 0.67 | 2.16 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.81 | 0.48 | — | 0.30 | 0.78 | (0.42 | ) | — | — | (0.42 | ) | 0.36 | 23.17 | 3.48 | 1,462,319 | 0.92 | 0.92 | 1.91 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 25.34 | 0.17 | — | 3.76 | 3.93 | — | — | — | — | 3.93 | 29.27 | 15.49 | (e) | 6,800,106 | 0.68 | (f) | 0.68 | (f) | 1.37 | (f) | 65 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 25.14 | 0.13 | — | 3.73 | 3.86 | — | — | — | — | 3.86 | 29.00 | 15.35 | (e) | 1,395,847 | 0.93 | (f) | 0.93 | (f) | 1.12 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 52.46 | 0.46 | — | (22.58 | ) | (22.12 | ) | (0.72 | ) | (4.28 | ) | — | (5.00 | ) | (27.12 | ) | 25.34 | (45.59 | ) | 6,017,984 | 0.67 | 0.67 | 1.12 | 131 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 52.01 | 0.39 | — | (22.37 | ) | (21.98 | ) | (0.61 | ) | (4.28 | ) | — | (4.89 | ) | (26.87 | ) | 25.14 | (45.73 | ) | 1,295,065 | 0.92 | 0.92 | 0.87 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 53.49 | 0.35 | — | 8.36 | 8.71 | (0.07 | ) | (9.67 | ) | — | (9.74 | ) | (1.03 | ) | 52.46 | 16.83 | 12,123,834 | 0.67 | 0.67 | 0.68 | 101 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 53.21 | 0.22 | — | 8.28 | 8.50 | (0.03 | ) | (9.67 | ) | — | (9.70 | ) | (1.20 | ) | 52.01 | 16.53 | 2,933,905 | 0.92 | 0.92 | 0.42 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 52.99 | 0.50 | 0.04 | 7.88 | 8.42 | (0.76 | ) | (7.16 | ) | — | (7.92 | ) | 0.50 | 53.49 | 16.61 | (g) | 11,746,831 | 0.67 | 0.67 | 0.82 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 52.75 | 0.36 | 0.04 | 7.83 | 8.23 | (0.61 | ) | (7.16 | ) | — | (7.77 | ) | 0.46 | 53.21 | 16.32 | (g) | 2,810,587 | 0.92 | 0.92 | 0.57 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 53.43 | 0.45 | — | 7.57 | 8.02 | (0.52 | ) | (7.94 | ) | — | (8.46 | ) | (0.44 | ) | 52.99 | 15.55 | 11,317,561 | 0.70 | 0.70 | 0.78 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 53.18 | 0.25 | — | 7.59 | 7.84 | (0.33 | ) | (7.94 | ) | — | (8.27 | ) | (0.43 | ) | 52.75 | 15.26 | 2,793,612 | 0.95 | 0.95 | 0.53 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 44.91 | 0.35 | — | 8.34 | 8.69 | (0.17 | ) | — | — | (0.17 | ) | 8.52 | 53.43 | 19.36 | 10,751,945 | 0.70 | 0.70 | 0.77 | 89 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 44.76 | 0.27 | — | 8.26 | 8.53 | (0.11 | ) | — | — | (0.11 | ) | 8.42 | 53.18 | 19.07 | 2,505,798 | 0.95 | 0.95 | 0.52 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.37 | 0.18 | — | 0.21 | 0.39 | — | — | — | — | 0.39 | 14.76 | 2.70 | (e) | 3,587,572 | 0.69 | (f) | 0.69 | (f) | 2.56 | (f) | 19 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.34 | 0.16 | — | 0.21 | 0.37 | — | — | — | — | 0.37 | 14.71 | 2.57 | (e) | 726,861 | 0.94 | (f) | 0.94 | (f) | 2.31 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.35 | 0.44 | — | (7.57 | ) | (7.13 | ) | (0.44 | ) | (0.41 | ) | — | (0.85 | ) | (7.98 | ) | 14.37 | (32.43 | ) | 3,628,793 | 0.67 | 0.67 | 2.20 | 41 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.28 | 0.42 | — | (7.56 | ) | (7.14 | ) | (0.39 | ) | (0.41 | ) | — | (0.80 | ) | (7.94 | ) | 14.34 | (32.60 | ) | 776,959 | 0.92 | 0.92 | 1.95 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 22.79 | 0.42 | — | 1.44 | 1.86 | (0.41 | ) | (1.89 | ) | — | (2.30 | ) | (0.44 | ) | 22.35 | 8.26 | 5,842,788 | 0.67 | 0.67 | 1.70 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 22.72 | 0.37 | — | 1.42 | 1.79 | (0.34 | ) | (1.89 | ) | — | (2.23 | ) | (0.44 | ) | 22.28 | 7.98 | 1,501,363 | 0.92 | 0.92 | 1.45 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.74 | 0.40 | 0.01 | 3.77 | 4.18 | (0.41 | ) | (1.72 | ) | — | (2.13 | ) | 2.05 | 22.79 | 20.36 | (g) | 5,671,552 | 0.67 | 0.67 | 1.77 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.68 | 0.35 | 0.01 | 3.74 | 4.10 | (0.34 | ) | (1.72 | ) | — | (2.06 | ) | 2.04 | 22.72 | 20.06 | (g) | 1,603,952 | 0.92 | 0.92 | 1.52 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 20.83 | 0.36 | — | 0.87 | 1.23 | (0.40 | ) | (0.92 | ) | — | (1.32 | ) | (0.09 | ) | 20.74 | 5.96 | 4,978,773 | 0.67 | 0.67 | 1.70 | 26 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 20.76 | 0.29 | — | 0.89 | 1.18 | (0.34 | ) | (0.92 | ) | — | (1.26 | ) | (0.08 | ) | 20.68 | 5.70 | 1,506,556 | 0.92 | 0.92 | 1.45 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.77 | 0.32 | — | 2.01 | 2.33 | (0.27 | ) | — | — | (0.27 | ) | 2.06 | 20.83 | 12.42 | 4,719,663 | 0.68 | 0.68 | 1.73 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.72 | 0.27 | — | 2.00 | 2.27 | (0.23 | ) | — | — | (0.23 | ) | 2.04 | 20.76 | 12.14 | 1,393,412 | 0.93 | 0.93 | 1.48 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 8.40 | 0.12 | — | 0.56 | 0.68 | — | — | — | — | 0.68 | 9.08 | 7.88 | (e) | 1,061,384 | 0.76 | (f) | 0.76 | (f) | 2.99 | (f) | 91 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 8.51 | 0.11 | — | 0.56 | 0.67 | — | — | — | — | 0.67 | 9.18 | 7.75 | (e) | 193,984 | 1.01 | (f) | 1.01 | (f) | 2.74 | (f) | — |
77
Table of Contents
Hartford Series Fund, Inc.
Financial Highlights — (continued)
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 15.62 | $ | 0.28 | $ | — | $ | (6.68 | ) | $ | (6.40 | ) | $ | (0.28 | ) | $ | (0.54 | ) | $ | — | $ | (0.82 | ) | $ | (7.22 | ) | $ | 8.40 | (42.25 | )% | $ | 1,046,234 | 0.71 | % | 0.71 | % | 2.21 | % | 158 | % | ||||||||||||||||||||||||||||
Class IB | 15.78 | 0.27 | — | (6.76 | ) | (6.49 | ) | (0.24 | ) | (0.54 | ) | — | (0.78 | ) | (7.27 | ) | 8.51 | (42.39 | ) | 189,221 | 0.96 | 0.96 | 1.96 | — | ||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 15.23 | 0.18 | — | 3.77 | 3.95 | (0.19 | ) | (3.37 | ) | — | (3.56 | ) | 0.39 | 15.62 | 27.43 | 2,027,078 | 0.71 | 0.71 | 1.13 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 15.36 | 0.16 | — | 3.78 | 3.94 | (0.15 | ) | (3.37 | ) | — | (3.52 | ) | 0.42 | 15.78 | 27.11 | 417,144 | 0.96 | 0.96 | 0.89 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 13.59 | 0.22 | — | 3.05 | 3.27 | (0.40 | ) | (1.23 | ) | — | (1.63 | ) | 1.64 | 15.23 | 24.46 | (g) | 1,596,055 | 0.75 | 0.75 | 1.47 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 13.52 | 0.18 | — | 3.07 | 3.25 | (0.18 | ) | (1.23 | ) | — | (1.41 | ) | 1.84 | 15.36 | 24.15 | (g) | 382,371 | 1.00 | 1.00 | 1.24 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.86 | 0.14 | — | 1.59 | 1.73 | — | — | — | — | 1.73 | 13.59 | 14.62 | 1,251,426 | 0.78 | 0.78 | 1.22 | 120 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.83 | 0.13 | — | 1.56 | 1.69 | — | — | — | — | 1.69 | 13.52 | 14.33 | 319,626 | 1.03 | 1.03 | 0.97 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 10.11 | 0.10 | — | 1.73 | 1.83 | (0.08 | ) | — | — | (0.08 | ) | 1.75 | 11.86 | 18.08 | 1,054,884 | 0.80 | 0.80 | 1.13 | 142 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.09 | 0.08 | — | 1.72 | 1.80 | (0.06 | ) | — | — | (0.06 | ) | 1.74 | 11.83 | 17.79 | 247,752 | 1.05 | 1.05 | 0.88 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Money Market HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.02 | (e) | 3,723,023 | 0.48 | (f) | 0.41 | (f) | 0.04 | (f) | N/A | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | — | (e) | 682,144 | 0.56 | (f) | 0.44 | (f) | 0.00 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 2.15 | 4,427,230 | 0.47 | 0.42 | 2.01 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.02 | — | — | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 1.00 | 1.89 | 774,432 | 0.72 | 0.67 | 1.80 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.95 | 2,224,124 | 0.47 | 0.42 | 4.83 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 452,976 | 0.72 | 0.67 | 4.58 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.05 | — | — | 0.05 | (0.05 | ) | — | — | (0.05 | ) | — | 1.00 | 4.69 | 1,558,433 | 0.48 | 0.48 | 4.63 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.04 | — | — | 0.04 | (0.04 | ) | — | — | (0.04 | ) | — | 1.00 | 4.43 | 319,926 | 0.73 | 0.73 | 4.38 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.84 | 1,353,836 | 0.49 | 0.49 | 2.79 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | 0.03 | — | — | 0.03 | (0.03 | ) | — | — | (0.03 | ) | — | 1.00 | 2.58 | 264,040 | 0.75 | 0.75 | 2.54 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.94 | 1,294,525 | 0.48 | 0.48 | 0.93 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 1.00 | — | — | — | — | — | — | — | — | — | 1.00 | 0.69 | 252,808 | 0.73 | 0.73 | 0.68 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Small Company HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.01 | — | — | 0.57 | 0.57 | — | — | — | — | 0.57 | 11.58 | 5.23 | (e) | 886,019 | 0.76 | (f) | 0.76 | (f) | (0.03 | )(f) | 108 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 10.76 | (0.01 | ) | — | 0.56 | 0.55 | — | — | — | — | 0.55 | 11.31 | 5.13 | (e) | 176,973 | 1.01 | (f) | 1.01 | (f) | (0.28 | )(f) | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 18.62 | 0.02 | — | (7.56 | ) | (7.54 | ) | (0.02 | ) | (0.05 | ) | — | (0.07 | ) | (7.61 | ) | 11.01 | (40.60 | ) | 793,078 | 0.71 | 0.71 | 0.16 | 194 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.20 | (0.01 | ) | — | (7.38 | ) | (7.39 | ) | — | (0.05 | ) | — | (0.05 | ) | (7.44 | ) | 10.76 | (40.73 | ) | 179,411 | 0.96 | 0.96 | (0.09 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 19.07 | — | 0.04 | 2.57 | 2.61 | (0.05 | ) | (3.01 | ) | — | (3.06 | ) | (0.45 | ) | 18.62 | 14.23 | (g) | 1,292,444 | 0.70 | 0.70 | (0.02 | ) | 167 | (i) | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 18.71 | (0.05 | ) | 0.04 | 2.51 | 2.50 | — | (3.01 | ) | — | (3.01 | ) | (0.51 | ) | 18.20 | 13.94 | (g) | 312,775 | 0.95 | 0.95 | (0.27 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 19.66 | 0.05 | 0.02 | 2.75 | 2.82 | (0.04 | ) | (3.37 | ) | — | (3.41 | ) | (0.59 | ) | 19.07 | 14.43 | (g) | 1,138,830 | 0.73 | 0.73 | 0.21 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 19.38 | — | 0.02 | 2.70 | 2.72 | (0.02 | ) | (3.37 | ) | — | (3.39 | ) | (0.67 | ) | 18.71 | 14.14 | (g) | 304,757 | 0.98 | 0.98 | (0.03 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 16.25 | (0.04 | ) | 0.02 | 3.43 | 3.41 | — | — | — | — | 3.41 | 19.66 | 21.01 | (g) | 1,017,271 | 0.75 | 0.75 | (0.08 | ) | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 16.06 | (0.05 | ) | 0.02 | 3.35 | 3.32 | — | — | — | — | 3.32 | 19.38 | 20.71 | (g) | 220,310 | 1.00 | 1.00 | (0.34 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 14.49 | (0.07 | ) | — | 1.83 | 1.76 | — | — | — | — | 1.76 | 16.25 | 12.18 | 904,912 | 0.75 | 0.75 | (0.41 | ) | 141 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 14.35 | (0.09 | ) | — | 1.80 | 1.71 | — | — | — | — | 1.71 | 16.06 | 11.90 | 230,452 | 1.00 | 1.00 | (0.66 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 25.86 | 0.23 | — | 2.90 | 3.13 | — | — | — | — | 3.13 | 28.99 | 12.10 | (e) | 1,837,012 | 0.51 | (f) | 0.51 | (f) | 1.68 | (f) | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 25.84 | 0.20 | — | 2.89 | 3.09 | — | — | — | — | 3.09 | 28.93 | 11.96 | (e) | 291,324 | 0.76 | (f) | 0.76 | (f) | 1.43 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 47.11 | 0.59 | — | (20.79 | ) | (20.20 | ) | (0.81 | ) | (0.24 | ) | — | (1.05 | ) | (21.25 | ) | 25.86 | (43.13 | ) | 1,810,864 | 0.49 | 0.49 | 1.38 | 89 | ||||||||||||||||||||||||||||||||||||||||||||
Class IB | 47.00 | 0.50 | — | (20.72 | ) | (20.22 | ) | (0.70 | ) | (0.24 | ) | — | (0.94 | ) | (21.16 | ) | 25.84 | (43.27 | ) | 287,794 | 0.74 | 0.74 | 1.13 | — |
78
Table of Contents
— Selected Per-Share Data (a) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Increase | Expenses | Expenses | Ratio of Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Total | Dividends | from | (Decrease) | Net Asset | to Average | to Average | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value at | Investment | Payments | Gain | from | from Net | Realized | Distributions | in Net | Value at | Net Assets | Net Assets | Net Assets | Income to | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | from (to) | (Loss) on | Investment | Investment | Capital | from | Total | Asset | End | Total | at End of | Before | After | Average Net | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Affiliate | Investments | Operations | Income | Gains | Capital | Distributions | Value | of Period | Return (b) | Period | Waivers (c) | Waivers (c) | Assets | Rate (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund — (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | $ | 52.57 | $ | 0.60 | $ | — | $ | 2.43 | $ | 3.03 | $ | (0.57 | ) | $ | (7.92 | ) | $ | — | $ | (8.49 | ) | $ | (5.46 | ) | $ | 47.11 | 5.90 | % | $ | 3,909,045 | 0.49 | % | 0.49 | % | 1.01 | % | 96 | % | ||||||||||||||||||||||||||||||
Class IB | 52.45 | 0.45 | — | 2.44 | 2.89 | (0.42 | ) | (7.92 | ) | — | (8.34 | ) | (5.45 | ) | 47.00 | 5.64 | 652,838 | 0.74 | 0.74 | 0.76 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 49.21 | 0.72 | 0.06 | 6.41 | 7.19 | (0.71 | ) | (3.12 | ) | — | (3.83 | ) | 3.36 | 52.57 | 14.65 | (g) | 4,498,001 | 0.49 | 0.49 | 1.27 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 49.10 | 0.56 | 0.06 | 6.42 | 7.04 | (0.57 | ) | (3.12 | ) | — | (3.69 | ) | 3.35 | 52.45 | 14.37 | (g) | 758,802 | 0.74 | 0.74 | 1.02 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 45.72 | 0.66 | — | 3.72 | 4.38 | (0.89 | ) | — | — | (0.89 | ) | 3.49 | 49.21 | 9.62 | 4,787,612 | 0.50 | 0.50 | 1.21 | 91 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 45.59 | 0.51 | — | 3.74 | 4.25 | (0.74 | ) | — | — | (0.74 | ) | 3.51 | 49.10 | 9.35 | 770,163 | 0.75 | 0.75 | 0.96 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 44.37 | 0.74 | — | 1.10 | 1.84 | (0.49 | ) | — | — | (0.49 | ) | 1.35 | 45.72 | 4.17 | 5,657,942 | 0.49 | 0.49 | 1.61 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 44.29 | 0.64 | — | 1.08 | 1.72 | (0.42 | ) | — | — | (0.42 | ) | 1.30 | 45.59 | 3.91 | 718,293 | 0.74 | 0.74 | 1.36 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six-Month Period Ended June 30, 2009 (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 9.54 | 0.24 | — | 0.43 | 0.67 | — | — | — | — | 0.67 | 10.21 | 7.03 | (e) | 3,415,942 | 0.50 | (f) | 0.50 | (f) | 5.05 | (f) | 94 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 9.50 | 0.23 | — | 0.43 | 0.66 | — | — | — | — | 0.66 | 10.16 | 6.90 | (e) | 745,304 | 0.75 | (f) | 0.75 | (f) | 4.80 | (f) | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.15 | 0.62 | — | (1.49 | ) | (0.87 | ) | (0.74 | ) | — | — | (0.74 | ) | (1.61 | ) | 9.54 | (7.62 | ) | 3,167,919 | 0.49 | 0.49 | 5.54 | 173 | |||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.09 | 0.67 | — | (1.55 | ) | (0.88 | ) | (0.71 | ) | — | — | (0.71 | ) | (1.59 | ) | 9.50 | (7.85 | ) | 740,580 | 0.74 | 0.74 | 5.27 | — | |||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2007(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.24 | 0.60 | — | (0.08 | ) | 0.52 | (0.61 | ) | — | — | (0.61 | ) | (0.09 | ) | 11.15 | 4.67 | 3,458,709 | 0.49 | 0.49 | 5.27 | 223 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.19 | 0.57 | — | (0.09 | ) | 0.48 | (0.58 | ) | — | — | (0.58 | ) | (0.10 | ) | 11.09 | 4.41 | 1,036,331 | 0.74 | 0.74 | 5.01 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2006(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.27 | 0.55 | — | (0.01 | ) | 0.54 | (0.57 | ) | — | — | (0.57 | ) | (0.03 | ) | 11.24 | 4.80 | (g) | 3,041,321 | 0.50 | 0.50 | 4.82 | 344 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.20 | 0.51 | — | — | 0.51 | (0.52 | ) | — | — | (0.52 | ) | (0.01 | ) | 11.19 | 4.54 | (g) | 1,040,408 | 0.75 | 0.75 | 4.56 | — | |||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 11.94 | 0.44 | — | (0.14 | ) | 0.30 | (0.88 | ) | (0.09 | ) | — | (0.97 | ) | (0.67 | ) | 11.27 | 2.45 | 2,745,115 | 0.50 | 0.50 | 4.09 | 190 | ||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 11.86 | 0.43 | — | (0.17 | ) | 0.26 | (0.83 | ) | (0.09 | ) | — | (0.92 | ) | (0.66 | ) | 11.20 | 2.19 | 1,068,600 | 0.75 | 0.75 | 3.84 | — | ||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class IA | 12.32 | 0.40 | — | 0.12 | 0.52 | (0.58 | ) | (0.32 | ) | — | (0.90 | ) | (0.38 | ) | 11.94 | 4.62 | 2,507,021 | 0.50 | 0.50 | 3.72 | 164 | |||||||||||||||||||||||||||||||||||||||||||||||
Class IB | 12.25 | 0.45 | — | 0.04 | 0.49 | (0.56 | ) | (0.32 | ) | — | (0.88 | ) | (0.39 | ) | 11.86 | 4.36 | 991,065 | 0.75 | 0.75 | 3.47 | — |
(a) | Information presented relates to a share outstanding throughout the indicated period. | |
(b) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. | |
(c) | Ratios do not reflect reductions for fees paid indirectly. Please see Fees Paid Indirectly in the Notes to Financial Statements. | |
(d) | Portfolio turnover rate is calculated on the basis of the Fund as a whole without distinguishing between the classes of shares issued. | |
(e) | Not annualized. | |
(f) | Annualized. | |
(g) | Total return without the inclusion of the Payment from Affiliate, as noted on the Statement of Operations, can be found in Expenses in the accompanying Notes to Financial Statements. | |
(h) | Per share amounts have been calculated using the average shares method. | |
(i) | During the year ended December 31, 2007, Hartford Small Company HLS Fund received a $12.6 million in-kind subscription of securities from a shareholder in exchange for shares of this fund. This payment-in-kind was excluded from the portfolio turnover rate calculation. |
79
Table of Contents
Hartford Series Fund, Inc.
Directors and Officers (Unaudited)
The Board of Directors appoints officers who are responsible for the day-to-day operations of the Funds and who execute policies formulated by the Directors. Each director serves until his or her death, resignation, or retirement or until the next annual meeting of shareholders is held or until his or her successor is elected and qualifies.
Directors and officers who are employed by or who have a financial interest in The Hartford are considered “interested” persons of the Funds pursuant to the Investment Company Act of 1940, as amended. Each officer and two of the Funds’ directors, as noted in the chart below, are “interested” persons of the Funds. Each director serves as a director for The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc., Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc., which collectively consist of 100 funds. Correspondence may be sent to directors and officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, Connecticut 06104-2999, except that correspondence to Ms. Fagely may be sent to 500 Bielenberg Drive, Woodbury, Minnesota 55125.
The table below sets forth, for each director and officer, his or her name, year of birth, current position with the Fund and date first elected or appointed to Hartford Series Fund, Inc. (“SF”), and Hartford HLS Series Fund II, Inc. (“SF2”), principal occupation, and, for directors, other directorships held. The Funds’ statement of additional information contains further information on the directors and is available free of charge by calling 1-800-862-6668 or writing to Hartford HLS Funds, c/o Individual Annuity Services, P.O. Box 5085, Hartford, CT 06102-5085.
Information on the aggregate remuneration paid to the directors by the Fund can be found in the Statement of Operations herein. The Funds pay a portion of the Chief Compliance Officer’s compensation, but do not pay salaries or compensation to any of their other officers or directors who are employed by The Hartford.
Non-Interested Directors
Lynn S. Birdsong (1946) Director since 2003, Co-Chairman of the Investment Committee
Mr. Birdsong is a private investor. Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an advertising specialty firm. Since 2003, Mr. Birdsong has been an independent director of The Japan Fund. From 2003 to March 2005, Mr. Birdsong was an independent director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an interested director of The Japan Fund.
Robert M. Gavin, Jr. (1940) Director since 2002 (SF) and 1986 (SF2), Chairman of the Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was President of Cranbrook Education Community and prior to July 1996, he was President of Macalester College, St. Paul, Minnesota.
Duane E. Hill (1945) Director since 2001 (SF) and 2002 (SF2), Chairman of the Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that serves as sponsor and lead investor in leveraged buyouts of middle market companies.
Sandra S. Jaffee (1941) Director since 2005
Ms. Jaffee is Chairman and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions. Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm, from August 2004 to August 2005. From September 1995 to July 2004, Ms. Jaffee served as Executive Vice President at Citigroup, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995-2003).
William P. Johnston (1944) Director since 2005, Chairman of the Compliance Committee
In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. In July, 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity investment firm. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.
Phillip O. Peterson (1944) Director since 2002 (SF) and 2000 (SF2), Chairman of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.
Lemma W. Senbet (1946) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department during 1998-2006. Previously he was an endowed professor of finance at the University of Wisconsin-Madison. Also, he was director of the Fortis Funds from March 2000-July 2002. Dr. Senbet served the finance profession in various capacities, including as director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.
80
Table of Contents
Interested Directors and Officers
Lowndes A. Smith (1939) Director since 1996 (SF) and 2002 (SF2), Co-Chairman of the Investment Committee
Mr. Smith served as Vice Chairman of The Hartford Financial Services Group, Inc. from February 1997 to January 2002, as President and Chief Executive Officer of Hartford Life, Inc. (“HL, Inc.”) from February 1997 to January 2002, and as President and Chief Operating Officer of The Hartford Life Insurance Companies from January 1989 to January 2002. Mr. Smith serves as a Director of White Mountains Insurance Group, Ltd., One Beacon Insurance, Symetra Financial and as a Managing Director of Whittington Gray Associates.
John C. Walters* (1962) Director since 2008
Mr. Walters currently serves as Chief Executive Officer, President and Director of HL, Inc. Mr. Walters previously served as President of the U.S. Wealth Management Division of HL, Inc., as Co-Chief Operating Officer of Hartford Life Insurance Company (“Hartford Life”) (2007-2008) and as Executive Vice President and Director of its Investment Products Division (2000-2008). Mr. Walters also serves as Chairman of the Board, Chief Executive Officer, President and Director of Hartford Life and as Executive Vice President of The Hartford. In addition, Mr. Walters is Manager of HL Investment Advisors, LLC (“HL Advisors”).
* Mr. Walters previously served as President and Chief Executive Officer of the Funds (2007-2009).
Other Officers
Robert M. Arena, Jr. (1968) President and Chief Executive Officer since 2009 (served as Vice President of the Fund (2006 — 2009))
Mr. Arena serves as Executive Vice President of Hartford Life. Additionally, Mr. Arena is Director and Senior Vice President of Hartford Administrative Services Company, (“HASCO”), Chief Executive Officer, Manager and President of Hartford Investment Financial Services, LLC (“HIFSCO”) and HL Advisors. Prior to joining The Hartford in 2004, he was Senior Vice President in charge of Product Management for American Skandia/Prudential in the individual annuities division. Mr. Arena joined American Skandia in 1996.
Tamara L. Fagely (1958) Vice President, Treasurer and Controller since 2002 (SF) 1993 (SF2)
Ms. Fagely has been a Vice President of HASCO since 1998 and Chief Financial Officer since 2006. Currently Ms. Fagely is a Vice President of Hartford Life. She served as Assistant Vice President of Hartford Life from December 2001 through March 2005. In addition, Ms. Fagely is Controller and Chief Financial Officer of HIFSCO.
Brian Ferrell (1962) AML Compliance Officer since 2008
Mr. Ferrell has served as Assistant Vice President and AML Compliance Officer for The Hartford since 2006 and as AML Compliance Officer for HASCO and Hartford Investor Services Company, LLC (“HISC”) since 2008. Prior to joining The Hartford in 2006, Mr. Ferrell held various positions at the U.S. Department of the Treasury, (the “Treasury”), from 2001 to 2006 where he served as Chief Counsel for the Treasury’s Financial Crimes Enforcement Network, (“FinCEN”) from 2005-2006.
Thomas D. Jones, III (1965) Vice President and Chief Compliance Officer since 2006
Mr. Jones serves as Chief Compliance Officer for the Hartford Mutual Funds and Vice President and Director of Securities Compliance for The Hartford. He is also Vice President of HIFSCO, HL Advisors, and Hartford Life. Mr. Jones joined The Hartford in 2006 from SEI Investments, where he served as Chief Compliance Officer for its mutual funds and investment advisers. Prior to joining SEI, Mr. Jones was First Vice President and Compliance Director for Merrill Lynch Investment Managers (Americas) (“MLIM”), where he worked from 1992-2004. At MLIM, Mr. Jones was responsible for the compliance oversight of various investment products, including mutual funds, wrap accounts, institutional accounts and alternative investments.
Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005
Mr. Macdonald serves as Assistant General Counsel and Assistant Vice President of The Hartford and Chief Legal Officer and Vice President of HIFSCO. He also serves as Vice President and Secretary of HASCO, Assistant Vice President of Hartford Life, and Chief Legal Officer, Secretary and Vice President of HL Advisors. Prior to joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment Management for Prudential Financial (formerly American Skandia Investment Services, Inc.). He joined Prudential in April 1999.
Vernon J. Meyer (1964) Vice President since 2006
Mr. Meyer serves as Senior Vice President of Hartford Life and as Director of its Investment Advisory Group in the Individual Markets Group segment. He also serves as Senior Vice President of HIFSCO and HL Advisors. Prior to joining The Hartford in 2004, Mr. Meyer was with MassMutual which he joined in 1987.
D. Keith Sloane (1960) Vice President since 2009
Mr. Sloane is a Senior Vice President of Hartford Life where he serves as Director of mutual fund product management for The Hartford’s mutual funds and 529 college savings businesses. Additionally, Mr. Sloane currently serves as Senior Vice President of HIFSCO, HL Advisors, and HASCO. Prior to joining The Hartford in 2007, Mr. Sloane was Director of product marketing and led the mutual fund business for Wachovia Securities (“Wachovia”) in their investment products group. Mr. Sloane joined Wachovia in 1995.
Jane Wolak (1961) Vice President since 2009
Ms. Wolak currently serves as Vice President of Hartford Life. Ms. Wolak joined Hartford Life as Vice President, Retail Product Services in May 2007. She is also Vice President of HASCO. Previously, Ms. Wolak was with Sun Life Financial where she held the position of Vice President, Service Center Operations from 2001-2007.
81
Table of Contents
Hartford Series Fund, Inc.
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND PROXY VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and a record of how the Funds voted any proxies for the twelve month period ended June 30, 2009 is available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q will be available (1) without charge, upon request, by calling 800-862-6668 and (2) on the Securities and Exchange Commission’s website at www.sec.gov. The Forms N-Q may be reviewed and copied at the Securities and Exchange Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.
82
Table of Contents
Hartford Series Fund, Inc.
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and contingent deferred sales charges (CDSC) (2) ongoing costs including management fees; distribution fees; and other fund expenses. This example is intended to help you understand your ongoing costs(in dollars) of investing in the 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 period of December 31, 2008 through June 30, 2009.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, 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 first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the 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 the 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) and CDSC. Therefore, the second line 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 are equal to the Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Expenses paid | Expenses paid | ||||||||||||||||||||||||||||||||||||
Beginning | Ending | during the period | Beginning | Ending | during the period | Days | |||||||||||||||||||||||||||||||
Account | Account | December 31, 2008 | Account | Account | December 31, 2008 | Annualized | in the | Days | |||||||||||||||||||||||||||||
Value | Value | through | Value | Value | through | expense | current | in the | |||||||||||||||||||||||||||||
December 31, 2008 | June 30, 2009 | June 30, 2009 | December 31, 2008 | June 30, 2009 | June 30, 2009 | ratio | 1/2 year | full year | |||||||||||||||||||||||||||||
Hartford Advisers HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,095.99 | $ | 3.43 | $ | 1,000.00 | $ | 1021.52 | $ | 3.30 | 0.66 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,094.63 | $ | 4.72 | $ | 1,000.00 | $ | 1020.28 | $ | 4.55 | 0.91 | % | 181 | 365 | |||||||||||||||||||||
Hartford Capital Appreciation HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,153.75 | $ | 3.62 | $ | 1,000.00 | $ | 1020.40 | $ | 3.40 | 0.68 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,153.45 | $ | 4.96 | $ | 1,000.00 | $ | 1020.18 | $ | 4.65 | 0.93 | % | 181 | 365 | |||||||||||||||||||||
Hartford Dividend and Growth HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,026.98 | $ | 3.46 | $ | 1,000.00 | $ | 1021.37 | $ | 3.45 | 0.69 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,025.69 | $ | 4.72 | $ | 1,000.00 | $ | 1020.13 | $ | 4.70 | 0.94 | % | 181 | 365 | |||||||||||||||||||||
Hartford International Opportunities HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,078.84 | $ | 3.91 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,077.49 | $ | 5.20 | $ | 1,000.00 | $ | 1019.78 | $ | 5.05 | 1.01 | % | 181 | 365 | |||||||||||||||||||||
Hartford Money Market HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,000.20 | $ | 2.03 | $ | 1,000.00 | $ | 1022.76 | $ | 2.05 | 0.41 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,000.00 | $ | 2.18 | $ | 1,000.00 | $ | 1022.61 | $ | 2.20 | 0.44 | % | 181 | 365 | |||||||||||||||||||||
Hartford Small Company HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,052.27 | $ | 3.86 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,052.39 | $ | 5.14 | $ | 1,000.00 | $ | 1020.80 | $ | 5.06 | 1.01 | % | 181 | 365 | |||||||||||||||||||||
Hartford Stock HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,119.86 | $ | 2.67 | $ | 1,000.00 | $ | 1021.24 | $ | 2.55 | 0.51 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,119.61 | $ | 3.99 | $ | 1,000.00 | $ | 1021.02 | $ | 3.80 | 0.76 | % | 181 | 365 | |||||||||||||||||||||
Hartford Total Return Bond HLS Fund | |||||||||||||||||||||||||||||||||||||
Class IA | $ | 1,000.00 | $ | 1,070.32 | $ | 2.56 | $ | 1,000.00 | $ | 1022.31 | $ | 2.50 | 0.50 | % | 181 | 365 | |||||||||||||||||||||
Class IB | $ | 1,000.00 | $ | 1,069.00 | $ | 3.84 | $ | 1,000.00 | $ | 1021.07 | $ | 3.75 | 0.75 | % | 181 | 365 | |||||||||||||||||||||
83
Table of Contents
Item 2. Code of Ethics.
Not applicable to this semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this semi-annual filing.
Item 6. Schedule of Investments
The Schedule of Investments is included as part of the annual report filed under Item 1 of this form.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since registrant last provided disclosure in response to this requirement.
Item 11. Controls and Procedures.
(a) | Based on an evaluation of the Registrant’s Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report, the Disclosure Controls and Procedures are effectively designed to ensure that |
Table of Contents
information required to be disclosed by the Registrant is recorded, processed, summarized and reported by the date of this report, including ensuring that information required to be disclosed in the report is accumulated and communicated to the Registrant’s management, including the Registrant’s officers, as appropriate, to allow timely decisions regarding required disclosure. |
(b) | There was no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal half year that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Exhibits.
11 | (a) | (2) | Section 302 certifications of the principal executive officer and principal financial officer of Registrant. |
(b) | Section 906 certification. |
Table of Contents
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: August 17, 2009 | By: | /s/ Robert M. Arena, Jr. | ||
Robert M. Arena, Jr. | ||||
Its: President | ||||
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: August 17, 2009 | By: | /s/ Robert M. Arena, Jr. | ||
Robert M. Arena, Jr. | ||||
Its: President | ||||
Date: August 17, 2009 | By: | /s/ Tamara L. Fagely | ||
Tamara L. Fagely | ||||
Its: Vice President, Controller and Treasurer |