UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22954
HIMCO VARIABLE INSURANCE TRUST
(Exact name of registrant as specified in charter)
One Hartford Plaza, Hartford, Connecticut 06155
(Address of principal executive offices) (Zip code)
Brenda J. Page
Hartford Investment Management Company
One Hartford Plaza
Hartford, Connecticut 06155
(Name and address of agent for service)
Registrant’s telephone number, including area code: (860) 297-6444
Date of fiscal year end: December 31
Date of reporting period: June 30, 2016
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.
Item 1. Reports to Stockholders.

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HIMCO Variable Insurance Trust
Table of Contents
This report is prepared for the general information of contract owners and is not an offer of contracts. It should not be used in connection with any offer, except in conjunction with the appropriate product prospectus (which contains all pertinent information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Funds available for investment thereunder.
|
HIMCO VIT American Funds Asset Allocation Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
|
HIMCO VIT American Funds Blue Chip Income and Growth Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | | | | |
| 1,950,756 | | | American Funds Insurance Series - Asset Allocation Fund Class 1 | | | | | | $ | 40,985,388 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $40,154,863) | | | | | | | 40,985,388 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $40,154,863)(2) | | | 100.1 | % | | $ | 40,985,388 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (34,507 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 40,950,881 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $40,154,863, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | | | |
Unrealized Appreciation | | $ | 830,525 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 830,525 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 40,985,388 | |
| | | | |
Total | | $ | 40,985,388 | |
| | | | |
| | | | | | | | | | | | |
Shares | | | | | | | | Market Value(1) | |
Investment Companies - 100.1% | | | | |
| 3,063,196 | | | American Funds Insurance Series - Blue Chip Income and Growth Fund Class 1 | | | | | | $ | 38,963,856 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $37,065,900) | | | | | | | 38,963,856 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $37,065,900)(2) | | | 100.1 | % | | $ | 38,963,856 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (32,732 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 38,931,124 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $37,073,765, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | 1,890,091 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 1,890,091 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 38,963,856 | |
| | | | |
Total | | $ | 38,963,856 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT American Funds Bond Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
|
HIMCO VIT American Funds Global Bond Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 12,955,988 | | | American Funds Insurance Series - Bond Fund Class 1 | | | | | | $ | 145,107,067 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $142,306,523) | | | | | | | 145,107,067 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $142,306,523)(2) | | | 100.1 | % | | $ | 145,107,067 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (105,006 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 145,002,061 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $142,647,791, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | 2,459,276 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 2,459,276 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 145,107,067 | |
| | | | |
Total | | $ | 145,107,067 | |
| | | | |
| | | | | | | | | | | | |
Shares | | | | | | | | Market Value(1) | |
Investment Companies - 100.1% | | | | |
| 976,344 | | | American Funds Insurance Series - Global Bond Fund Class 1 | | | | | | $ | 11,589,206 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $11,747,726) | | | | | | | 11,589,206 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $11,747,726)(2) | | | 100.1 | % | | $ | 11,589,206 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (16,614 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 11,572,592 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $11,878,160, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | — | |
Unrealized Depreciation | | | (288,954 | ) |
| | | | |
Net Unrealized Depreciation | | $ | (288,954 | ) |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 11,589,206 | |
| | | | |
Total | | $ | 11,589,206 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT American Funds Global Growth and Income Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
|
HIMCO VIT American Funds Global Growth Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 2,758,538 | | | American Funds Insurance Series - Global Growth and Income Fund Class 1 | | | | | | $ | 34,592,061 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $28,069,534) | | | | | | | 34,592,061 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $28,069,534)(2) | | | 100.1 | % | | $ | 34,592,061 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (29,932 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 34,562,129 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $29,609,981, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | | | |
Unrealized Appreciation | | $ | 4,982,080 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 4,982,080 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 34,592,061 | |
| | | | |
Total | | $ | 34,592,061 | |
| | | | |
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 733,291 | | | American Funds Insurance Series - Global Growth Fund Class 1 | | | | | | $ | 17,049,024 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $17,705,174) | | | | | | | 17,049,024 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $17,705,174)(2) | | | 100.1 | % | | $ | 17,049,024 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (19,260 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 17,029,764 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $18,086,081, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | | | |
Unrealized Appreciation | | $ | — | |
Unrealized Depreciation | | | (1,037,057 | ) |
| | | | |
Net Unrealized Depreciation | | $ | (1,037,057 | ) |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 17,049,024 | |
| | | | |
Total | | $ | 17,049,024 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT American Funds Global Small Capitalization Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
|
HIMCO VIT American Funds Growth Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 1,980,945 | | | American Funds Insurance Series - Global Small Capitalization Fund Class 1 | | | | | | $ | 37,836,043 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $42,011,045) | | | | | | | 37,836,043 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $42,011,045)(2) | | | 100.1 | % | | $ | 37,836,043 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (36,844 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 37,799,199 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $42,300,109, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | | | |
Unrealized Appreciation | | $ | — | |
Unrealized Depreciation | | | (4,464,066 | ) |
| | | | |
Net Unrealized Depreciation | | $ | (4,464,066 | ) |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 37,836,043 | |
| | | | |
Total | | $ | 37,836,043 | |
| | | | |
| | | | | | | | | | | | |
Shares | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 3,830,290 | | | American Funds Insurance Series - Growth Fund Class 1 | | | | | | $ | 239,163,338 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $221,864,314) | | | | | | | 239,163,338 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $221,864,314)(2) | | | 100.1 | % | | $ | 239,163,338 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (171,160 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 238,992,178 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $230,406,658, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | | | |
Unrealized Appreciation | | $ | 8,756,680 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 8,756,680 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 239,163,338 | |
| | | | |
Total | | $ | 239,163,338 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT American Funds Growth-Income Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
|
HIMCO VIT American Funds International Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 3,339,904 | | | American Funds Insurance Series - Growth-Income Fund Class 1 | | | | | | $ | 138,806,413 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $130,521,035) | | | | | | | 138,806,413 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $130,521,035)(2) | | | 100.1 | % | | $ | 138,806,413 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (96,949 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 138,709,464 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $134,293,643, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | 4,512,770 | |
Unrealized Depreciation | | | — | |
| | | | |
Net Unrealized Appreciation | | $ | 4,512,770 | |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 138,806,413 | |
| | | | |
Total | | $ | 138,806,413 | |
| | | | |
| | | | | | | | | | | | |
Shares | | | | | | | | Market Value(1) | |
Investment Companies - 100.1% | |
| 8,651,179 | | | American Funds Insurance Series - International Fund Class 1 | | | | | | $ | 140,754,688 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $149,368,340) | | | | | | | 140,754,688 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $149,368,340)(2) | | | 100.1 | % | | $ | 140,754,688 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (111,811 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 140,642,877 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $151,899,549, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | — | |
Unrealized Depreciation | | | (11,144,861 | ) |
| | | | |
Net Unrealized Depreciation | | $ | (11,144,861 | ) |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 140,754,688 | |
| | | | |
Total | | $ | 140,754,688 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT American Funds New World Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
Shares | | | | | | | | Market Value(1) | |
Investment Companies - 100.1% | | | | |
| 1,014,944 | | | American Funds Insurance Series - New World Fund Class 1 | | | | | | $ | 19,588,413 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investment Companies (cost $22,512,986) | | | | | | | 19,588,413 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $22,512,986)(2) | | | 100.1 | % | | $ | 19,588,413 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (22,633 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 19,565,780 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | At June 30, 2016, the cost of securities for federal income tax purposes was $22,788,604, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | — | |
Unrealized Depreciation | | | (3,200,191 | ) |
| | | | |
Net Unrealized Depreciation | | $ | (3,200,191 | ) |
| | | | |
At June 30, 2016, the investment valuation hierarchy levels were:
| | | | |
Assets: | | | | |
Investments in Securities - Level 1 | | $ | 19,588,413 | |
| | | | |
Total | | $ | 19,588,413 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Assets and Liabilities
June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
| | HIMCO VIT American Funds Asset Allocation Fund | | | HIMCO VIT American Funds Blue Chip Income and Growth Fund | | | HIMCO VIT American Funds Bond Fund | |
| | | | | | | | | | | | |
Assets: | | | | | | | | | | | | |
Investments in underlying funds, at market value | | $ | 40,985,388 | | | $ | 38,963,856 | | | $ | 145,107,067 | |
Receivables: | | | | | | | | | | | | |
Investment securities sold | | | 4,499 | | | | 43,101 | | | | 148,526 | |
Fund shares sold | | | — | | | | — | | | | — | |
Other assets | | | 441 | | | | 377 | | | | 1,510 | |
| | | | | | | | | | | | |
Total assets | | | 40,990,328 | | | | 39,007,334 | | | | 145,257,103 | |
| | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | |
Payables: | | | | | | | | | | | | |
Fund shares redeemed | | | 2,113 | | | | 40,917 | | | | 140,887 | |
Investment management fees | | | 6,445 | | | | 6,367 | | | | 24,625 | |
Distribution fees | | | 8,425 | | | | 7,850 | | | | 29,897 | |
Trustees fees | | | 893 | | | | 734 | | | | 2,897 | |
Accrued expenses | | | 21,571 | | | | 20,342 | | | | 56,736 | |
| | | | | | | | | | | | |
Total liabilities | | | 39,447 | | | | 76,210 | | | | 255,042 | |
| | | | | | | | | | | | |
Net assets | | $ | 40,950,881 | | | $ | 38,931,124 | | | $ | 145,002,061 | |
| | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 30,641,358 | | | $ | 23,642,404 | | | $ | 135,468,960 | |
Undistributed net investment income | | | 1,030,393 | | | | 1,260,350 | | | | 5,537,074 | |
Accumulated net realized gain (loss) | | | 8,448,605 | | | | 12,130,414 | | | | 1,195,483 | |
Unrealized appreciation (depreciation) | | | 830,525 | | | | 1,897,956 | | | | 2,800,544 | |
| | | | | | | | | | | | |
Net assets | | $ | 40,950,881 | | | $ | 38,931,124 | | | $ | 145,002,061 | |
| | | | | | | | | | | | |
Class IB: Net asset value per share | | $ | 9.35 | | | $ | 11.39 | | | $ | 9.90 | |
| | | | | | | | | | | | |
Shares Outstanding | | | 4,382,050 | | | | 3,418,228 | | | | 14,648,769 | |
| | | | | | | | | | | | |
Net Assets | | $ | 40,950,881 | | | $ | 38,931,124 | | | $ | 145,002,061 | |
| | | | | | | | | | | | |
Cost of investments in underlying fund | | $ | 40,154,863 | | | $ | 37,065,900 | | | $ | 142,306,523 | |
| | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Assets and Liabilities – (concluded)
June 30, 2016 (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
HIMCO VIT American Funds Global Bond Fund | | | HIMCO VIT American Funds Global Growth and Income Fund | | | HIMCO VIT American Funds Global Growth Fund | | | HIMCO VIT American Funds Global Small Capitalization Fund | | | HIMCO VIT American Funds Growth Fund | | | HIMCO VIT American Funds Growth- Income Fund | | | HIMCO VIT American Funds International Fund | | | HIMCO VIT American Funds New World Fund | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,589,206 | | | $ | 34,592,061 | | | $ | 17,049,024 | | | $ | 37,836,043 | | | $ | 239,163,338 | | | $ | 138,806,413 | | | $ | 140,754,688 | | | $ | 19,588,413 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 76,119 | | | | 89,924 | | | | 4,613 | | | | 3,489 | | | | 142,962 | | | | 177,239 | | | | 106,677 | | | | 7,404 | |
| — | | | | — | | | | — | | | | 894 | | | | — | | | | — | | | | — | | | | — | |
| 115 | | | | 390 | | | | 180 | | | | 414 | | | | 2,441 | | | | 1,396 | | | | 1,485 | | | | 218 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11,665,440 | | | | 34,682,375 | | | | 17,053,817 | | | | 37,840,840 | | | | 239,308,741 | | | | 138,985,048 | | | | 140,862,850 | | | | 19,596,035 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 75,232 | | | | 87,839 | | | | 3,417 | | | | 2,143 | | | | 130,902 | | | | 170,063 | | | | 99,346 | | | | 6,095 | |
| 663 | | | | 3,952 | | | | 1,776 | | | | 6,602 | | | | 40,827 | | | | 22,692 | | | | 24,109 | | | | 2,169 | |
| 2,348 | | | | 7,086 | | | | 3,502 | | | | 7,847 | | | | 49,191 | | | | 28,402 | | | | 28,860 | | | | 3,989 | |
| 224 | | | | 802 | | | | 367 | | | | 835 | | | | 4,858 | | | | 2,757 | | | | 2,966 | | | | 454 | |
| 14,381 | | | | 20,567 | | | | 14,991 | | | | 24,214 | | | | 90,785 | | | | 51,670 | | | | 64,692 | | | | 17,548 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 92,848 | | | | 120,246 | | | | 24,053 | | | | 41,641 | | | | 316,563 | | | | 275,584 | | | | 219,973 | | | | 30,255 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,572,592 | | | $ | 34,562,129 | | | $ | 17,029,764 | | | $ | 37,799,199 | | | $ | 238,992,178 | | | $ | 138,709,464 | | | $ | 140,642,877 | | | $ | 19,565,780 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,995,406 | | | $ | 22,727,436 | | | $ | 13,042,677 | | | $ | 27,093,476 | | | $ | 105,115,412 | | | $ | 71,447,491 | | | $ | 122,135,071 | | | $ | 22,139,089 | |
| 150,001 | | | | 681,573 | | | | 376,234 | | | | 173,271 | | | | 653,571 | | | | 2,933,243 | | | | 1,779,698 | | | | 366,889 | |
| (414,295 | ) | | | 4,630,593 | | | | 4,267,003 | | | | 14,707,454 | | | | 115,924,171 | | | | 56,043,352 | | | | 25,341,760 | | | | (15,625 | ) |
| (158,520 | ) | | | 6,522,527 | | | | (656,150 | ) | | | (4,175,002 | ) | | | 17,299,024 | | | | 8,285,378 | | | | (8,613,652 | ) | | | (2,924,573 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,572,592 | | | $ | 34,562,129 | | | $ | 17,029,764 | | | $ | 37,799,199 | | | $ | 238,992,178 | | | $ | 138,709,464 | | | $ | 140,642,877 | | | $ | 19,565,780 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 9.13 | | | $ | 6.66 | | | $ | 7.43 | | | $ | 7.24 | | | $ | 9.91 | | | $ | 10.15 | | | $ | 7.23 | | | $ | 5.50 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1,268,174 | | | | 5,187,684 | | | | 2,292,559 | | | | 5,224,032 | | | | 24,116,696 | | | | 13,668,620 | | | | 19,449,455 | | | | 3,557,891 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,572,592 | | | $ | 34,562,129 | | | $ | 17,029,764 | | | $ | 37,799,199 | | | $ | 238,992,178 | | | $ | 138,709,464 | | | $ | 140,642,877 | | | $ | 19,565,780 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,747,726 | | | $ | 28,069,534 | | | $ | 17,705,174 | | | $ | 42,011,045 | | | $ | 221,864,314 | | | $ | 130,521,035 | | | $ | 149,368,340 | | | $ | 22,512,986 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Operations
For the Six-Month Period Ended June 30, 2016 (Unaudited)
| | | | | | | | | | | | |
| | HIMCO VIT American Funds Asset Allocation Fund | | | HIMCO VIT American Funds Blue Chip Income and Growth Fund | | | HIMCO VIT American Funds Bond Fund | |
| | | | | | | | | | | | |
Investment Income: | | | | | | | | | | | | |
Dividends from underlying fund | | $ | 134,123 | | | $ | 466,964 | | | $ | 1,070,384 | |
| | | | | | | | | | | | |
Total investment income | | | 134,123 | | | | 466,964 | | | | 1,070,384 | |
| | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | |
Investment management fees | | | 133,215 | | | | 137,522 | | | | 368,344 | |
Transfer agent fees | | | 845 | | | | 808 | | | | 1,460 | |
Distribution fees - Class IB | | | 51,236 | | | | 45,841 | | | | 184,172 | |
Accounting service fees | | | 6,073 | | | | 5,395 | | | | 17,082 | |
Trustee fees | | | 4,131 | | | | 3,543 | | | | 14,610 | |
Audit fees | | | 7,238 | | | | 7,083 | | | | 10,333 | |
Printing fees | | | 3,718 | | | | 3,559 | | | | 9,387 | |
Legal fees | | | 5,020 | | | | 4,354 | | | | 18,173 | |
Insurance fees | | | 1,609 | | | | 1,381 | | | | 5,495 | |
Other expenses | | | 1,345 | | | | 1,326 | | | | 1,551 | |
| | | | | | | | | | | | |
Total expenses (before waivers) | | | 214,430 | | | | 210,812 | | | | 630,607 | |
| | | | | | | | | | | | |
Total waivers | | | (97,611 | ) | | | (104,462 | ) | | | (225,429 | ) |
| | | | | | | | | | | | |
Total expenses, net | | | 116,819 | | | | 106,350 | | | | 405,178 | |
| | | | | | | | | | | | |
Net Investment Income (Loss) | | | 17,304 | | | | 360,614 | | | | 665,206 | |
| | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments: | | | | | | | | | | | | |
Capital gain distribution received from underlying fund | | | 977,187 | | | | 2,734,270 | | | | 261,069 | |
Net realized gain (loss) on investments in underlying funds | | | 893,459 | | | | 1,224,639 | | | | (183,396 | ) |
| | | | | | | | | | | | |
Net Realized Gain on Investments | | | 1,870,646 | | | | 3,958,909 | | | | 77,673 | |
| | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments: | | | | | | | | | | | | |
Net unrealized appreciation (depreciation) of investments in underlying fund | | | (196,589 | ) | | | (902,030 | ) | | | 6,973,504 | |
| | | | | | | | | | | | |
Net Realized and Unrealized Gain (Loss) on Investments | | | 1,674,057 | | | | 3,056,879 | | | | 7,051,177 | |
| | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 1,691,361 | | | $ | 3,417,493 | | | $ | 7,716,383 | |
| | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Operations – (concluded)
For the Six-Month Period Ended June 30, 2016 (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
HIMCO VIT American Funds Global Bond Fund | | | HIMCO VIT American Funds Global Growth and Income Fund | | | HIMCO VIT American Funds Global Growth Fund | | | HIMCO VIT American Funds Global Small Capitalization Fund | | | HIMCO VIT American Funds Growth Fund | | | HIMCO VIT American Funds Growth- Income Fund | | | HIMCO VIT American Funds International Fund | | | HIMCO VIT American Funds New World Fund | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 11,683 | | | $ | 110,843 | | | $ | 112,757 | | | $ | 125,998 | | | $ | 542,599 | | | $ | 1,163,208 | | | $ | 252,296 | | | $ | 19,392 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11,683 | | | | 110,843 | | | | 112,757 | | | | 125,998 | | | | 542,599 | | | | 1,163,208 | | | | 252,296 | | | | 19,392 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 40,299 | | | | 140,643 | | | | 85,750 | | | | 152,872 | | | | 885,354 | | | | 482,255 | | | | 599,389 | | | | 106,904 | |
| 661 | | | | 814 | | | | 704 | | | | 829 | | | | 1,993 | | | | 1,407 | | | | 1,427 | | | | 718 | |
| 13,433 | | | | 43,951 | | | | 21,438 | | | | 47,773 | | | | 295,118 | | | | 172,234 | | | | 176,291 | | | | 24,296 | |
| 2,755 | | | | 5,492 | | | | 3,526 | | | | 5,768 | | | | 26,698 | | | | 16,156 | | | | 16,526 | | | | 3,777 | |
| 1,048 | | | | 3,609 | | | | 1,727 | | | | 3,853 | | | | 23,356 | | | | 13,522 | | | | 14,034 | | | | 1,999 | |
| 6,815 | | | | 7,395 | | | | 6,893 | | | | 7,449 | | | | 12,389 | | | | 9,787 | | | | 10,204 | | | | 6,961 | |
| 2,703 | | | | 4,637 | | | | 3,119 | | | | 4,412 | | | | 16,860 | | | | 8,234 | | | | 13,016 | | | | 3,288 | |
| 1,309 | | | | 4,385 | | | | 2,073 | | | | 4,647 | | | | 28,127 | | | | 16,397 | | | | 17,109 | | | | 2,410 | |
| 420 | | | | 1,418 | | | | 653 | | | | 1,511 | | | | 8,882 | | | | 5,081 | | | | 5,405 | | | | 792 | |
| 1,306 | | | | 1,336 | | | | 1,291 | | | | 1,318 | | | | 1,708 | | | | 1,516 | | | | 1,541 | | | | 1,306 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 70,749 | | | | 213,680 | | | | 127,174 | | | | 230,432 | | | | 1,300,485 | | | | 726,589 | | | | 854,942 | | | | 152,451 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (39,585 | ) | | | (118,746 | ) | | | (76,581 | ) | | | (117,689 | ) | | | (663,031 | ) | | | (354,564 | ) | | | (467,102 | ) | | | (97,055 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 31,164 | | | | 94,934 | | | | 50,593 | | | | 112,743 | | | | 637,454 | | | | 372,025 | | | | 387,840 | | | | 55,396 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (19,481 | ) | | | 15,909 | | | | 62,164 | | | | 13,255 | | | | (94,855 | ) | | | 791,183 | | | | (135,544 | ) | | | (36,004 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 8,762 | | | | — | | | | 1,384,443 | | | | 6,929,905 | | | | 21,465,936 | | | | 14,462,947 | | | | 12,181,185 | | | | — | |
| (122,676 | ) | | | 1,614,309 | | | | 471,693 | | | | 736,494 | | | | 10,036,573 | | | | 5,999,597 | | | | (90,132 | ) | | | (598,568 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (113,914 | ) | | | 1,614,309 | | | | 1,856,136 | | | | 7,666,399 | | | | 31,502,509 | | | | 20,462,544 | | | | 12,091,053 | | | | (598,568 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 918,134 | | | | (1,182,436 | ) | | | (2,636,037 | ) | | | (9,429,256 | ) | | | (30,098,857 | ) | | | (17,368,630 | ) | | | (14,036,221 | ) | | | 964,560 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 804,220 | | | | 431,873 | | | | (779,901 | ) | | | (1,762,857 | ) | | | 1,403,652 | | | | 3,093,914 | | | | (1,945,168 | ) | | | 365,992 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 784,739 | | | $ | 447,782 | | | $ | (717,737 | ) | | $ | (1,749,602 | ) | | $ | 1,308,797 | | | $ | 3,885,097 | | | $ | (2,080,712 | ) | | $ | 329,988 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Changes in Net Assets (Unaudited)
| | | | | | | | | | | | | | | | |
| | HIMCO VIT American Funds Asset Allocation Fund | | | HIMCO VIT American Funds Blue Chip Income and Growth Fund | |
| | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
| | | | | | | | | | | | | | | | |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 17,304 | | | $ | 1,013,092 | | | $ | 360,614 | | | $ | 899,739 | |
Net realized gain (loss) on investments | | | 1,870,646 | | | | 6,650,533 | | | | 3,958,909 | | | | 8,378,792 | |
Net unrealized appreciation (depreciation) of investments | | | (196,589 | ) | | | (7,143,099 | ) | | | (902,030 | ) | | | (10,576,802 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 1,691,361 | | | | 520,526 | | | | 3,417,493 | | | | (1,298,271 | ) |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
From net investment income | | | | | | | | | | | | | | | | |
Class IB | | | — | | | | (721,372 | ) | | | — | | | | (1,263,856 | ) |
From net realized gain on investments | | | | | | | | | | | | | | | | |
Class IB | | | — | | | | (758,343 | ) | | | — | | | | (708,750 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | — | | | | (1,479,715 | ) | | | — | | | | (1,972,606 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Class IB | | | | | | | | | | | | | | | | |
Sold | | | 1,354,386 | | | | 3,691,769 | | | | 2,975,538 | | | | 2,956,685 | |
Issued on reinvestment of distributions | | | — | | | | 1,479,715 | | | | — | | | | 1,972,606 | |
Redeemed | | | (6,188,277 | ) | | | (14,974,159 | ) | | | (4,335,443 | ) | | | (12,334,554 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (4,833,891 | ) | | | (9,802,675 | ) | | | (1,359,905 | ) | | | (7,405,263 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (3,142,530 | ) | | | (10,761,864 | ) | | | 2,057,588 | | | | (10,676,140 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 44,093,411 | | | | 54,855,275 | | | | 36,873,536 | | | | 47,549,676 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 40,950,881 | | | $ | 44,093,411 | | | $ | 38,931,124 | | | $ | 36,873,536 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | $ | 1,030,393 | | | $ | 1,013,089 | | | $ | 1,260,350 | | | $ | 899,736 | |
| | | | | | | | | | | | | | | | |
Shares: | | | | | | | | | | | | | | | | |
Class IB | | | | | | | | | | | | | | | | |
Sold | | | 149,305 | | | | 398,774 | | | | 270,458 | | | | 271,542 | |
Issued on reinvestment of distributions | | | — | | | | 164,779 | | | | — | | | | 182,311 | |
Redeemed | | | (695,059 | ) | | | (1,649,687 | ) | | | (403,759 | ) | | | (1,128,946 | ) |
| | | | | | | | | | | | | | | | |
Total share activity | | | (545,754 | ) | | | (1,086,134 | ) | | | (133,301 | ) | | | (675,093 | ) |
| | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Changes in Net Assets (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
HIMCO VIT American Funds Bond Fund | | | HIMCO VIT American Funds Global Bond Fund | | | HIMCO VIT American Funds Global Growth and Income Fund | | | HIMCO VIT American Funds Global Growth Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 665,206 | | | $ | 4,871,878 | | | $ | (19,481 | ) | | $ | 169,483 | | | $ | 15,909 | | | $ | 665,665 | | | $ | 62,164 | | | $ | 314,070 | |
| 77,673 | | | | 1,641,425 | | | | (113,914 | ) | | | (272,636 | ) | | | 1,614,309 | | | | 4,647,463 | | | | 1,856,136 | | | | 3,200,830 | |
| 6,973,504 | | | | (6,465,311 | ) | | | 918,134 | | | | (458,638 | ) | | | (1,182,436 | ) | | | (5,827,505 | ) | | | (2,636,037 | ) | | | (2,143,765 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 7,716,383 | | | | 47,992 | | | | 784,739 | | | | (561,791 | ) | | | 447,782 | | | | (514,377 | ) | | | (717,737 | ) | | | 1,371,135 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (3,092,400 | ) | | | — | | | | (168,860 | ) | | | — | | | | (1,501,497 | ) | | | — | | | | (165,242 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (414,404 | ) | | | — | | | | (1,370 | ) | | | — | | | | (668,984 | ) | | | — | | | | (168,621 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (3,506,804 | ) | | | — | | | | (170,230 | ) | | | — | | | | (2,170,481 | ) | | | — | | | | (333,863 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3,173,657 | | | | 9,956,849 | | | | 1,625,045 | | | | 351,047 | | | | 146,996 | | | | 1,039,995 | | | | 752,987 | | | | 1,674,936 | |
| — | | | | 3,506,804 | | | | — | | | | 170,230 | | | | — | | | | 2,170,481 | | | | — | | | | 333,863 | |
| (17,571,628 | ) | | | (47,397,517 | ) | | | (1,395,889 | ) | | | (4,272,721 | ) | | | (4,373,367 | ) | | | (10,331,710 | ) | | | (2,004,400 | ) | | | (4,751,050 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (14,397,971 | ) | | | (33,933,864 | ) | | | 229,156 | | | | (3,751,444 | ) | | | (4,226,371 | ) | | | (7,121,234 | ) | | | (1,251,413 | ) | | | (2,742,251 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (6,681,588 | ) | | | (37,392,676 | ) | | | 1,013,895 | | | | (4,483,465 | ) | | | (3,778,589 | ) | | | (9,806,092 | ) | | | (1,969,150 | ) | | | (1,704,979 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 151,683,649 | | | | 189,076,325 | | | | 10,558,697 | | | | 15,042,162 | | | | 38,340,718 | | | | 48,146,810 | | | | 18,998,914 | | | | 20,703,893 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 145,002,061 | | | $ | 151,683,649 | | | $ | 11,572,592 | | | $ | 10,558,697 | | | $ | 34,562,129 | | | $ | 38,340,718 | | | $ | 17,029,764 | | | $ | 18,998,914 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
$ | 5,537,074 | | | $ | 4,871,868 | | | $ | 150,001 | | | $ | 169,482 | | | $ | 681,573 | | | $ | 665,664 | | | $ | 376,234 | | | $ | 314,070 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 329,689 | | | | 1,034,578 | | | | 181,227 | | | | 39,911 | | | | 23,035 | | | | 148,511 | | | | 103,302 | | | | 214,418 | |
| — | | | | 372,272 | | | | — | | | | 19,771 | | | | — | | | | 313,653 | | | | — | | | | 42,154 | |
| (1,824,467 | ) | | | (4,960,089 | ) | | | (159,306 | ) | | | (489,417 | ) | | | (681,978 | ) | | | (1,482,615 | ) | | | (276,257 | ) | | | (609,789 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (1,494,778 | ) | | | (3,553,239 | ) | | | 21,921 | | | | (429,735 | ) | | | (658,943 | ) | | | (1,020,451 | ) | | | (172,955 | ) | | | (353,217 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Changes in Net Assets (Unaudited) – (continued)
| | | | | | | | | | | | | | | | |
| | HIMCO VIT American Funds Global Small Capitalization Fund | | | HIMCO VIT American Funds Growth Fund | |
| | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
| | | | | | | | | | | | | | | | |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 13,255 | | | $ | 160,016 | | | $ | (94,855 | ) | | $ | 748,436 | |
Net realized gain (loss) on investments | | | 7,666,399 | | | | 7,731,278 | | | | 31,502,509 | | | | 93,566,150 | |
Net unrealized appreciation (depreciation) of investments | | | (9,429,256 | ) | | | (7,343,920 | ) | | | (30,098,857 | ) | | | (75,755,828 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (1,749,602 | ) | | | 547,374 | | | | 1,308,797 | | | | 18,558,758 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
From net investment income | | | | | | | | | | | | | | | | |
Class IB | | | — | | | | — | | | | — | | | | (2,530,703 | ) |
From net realized gain on investments | | | | | | | | | | | | | | | | |
Class IB | | | — | | | | (544,795 | ) | | | — | | | | (6,406,141 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | — | | | | (544,795 | ) | | | — | | | | (8,936,844 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Class IB | | | | | | | | | | | | | | | | |
Sold | | | 1,699,265 | | | | 4,109,108 | | | | 3,991,537 | | | | 3,093,419 | |
Issued on reinvestment of distributions | | | — | | | | 544,795 | | | | — | | | | 8,936,844 | |
Redeemed | | | (3,887,630 | ) | | | (13,397,125 | ) | | | (23,394,284 | ) | | | (63,820,289 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (2,188,365 | ) | | | (8,743,222 | ) | | | (19,402,747 | ) | | | (51,790,026 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (3,937,967 | ) | | | (8,740,643 | ) | | | (18,093,950 | ) | | | (42,168,112 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 41,737,166 | | | | 50,477,809 | | | | 257,086,128 | | | | 299,254,240 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 37,799,199 | | | $ | 41,737,166 | | | $ | 238,992,178 | | | $ | 257,086,128 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | $ | 173,271 | | | $ | 160,016 | | | $ | 653,571 | | | $ | 748,426 | |
| | | | | | | | | | | | | | | | |
Shares: | | | | | | | | | | | | | | | | |
Class IB | | | | | | | | | | | | | | | | |
Sold | | | 241,729 | | | | 516,756 | | | | 432,541 | | | | 331,332 | |
Issued on reinvestment of distributions | | | — | | | | 65,480 | | | | — | | | | 897,274 | |
Redeemed | | | (547,496 | ) | | | (1,657,959 | ) | | | (2,468,381 | ) | | | (6,489,148 | ) |
| | | | | | | | | | | | | | | | |
Total share activity | | | (305,767 | ) | | | (1,075,723 | ) | | | (2,035,840 | ) | | | (5,260,542 | ) |
| | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Statements of Changes in Net Assets (Unaudited) – (concluded)
| | | | | | | | | | | | | | | | | | | | | | |
HIMCO VIT American Funds Growth-Income Fund | | | HIMCO VIT American Funds International Fund | | | HIMCO VIT American Funds New World Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 791,183 | | | $ | 2,142,064 | | | $ | (135,544 | ) | | $ | 1,915,250 | | | $ | (36,004 | ) | | $ | 402,895 | |
| 20,462,544 | | | | 39,451,085 | | | | 12,091,053 | | | | 18,147,821 | | | | (598,568 | ) | | | 984,840 | |
| (17,368,630 | ) | | | (39,298,907 | ) | | | (14,036,221 | ) | | | (26,415,218 | ) | | | 964,560 | | | | (2,130,682 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| 3,885,097 | | | | 2,294,242 | | | | (2,080,712 | ) | | | (6,352,147 | ) | | | 329,988 | | | | (742,947 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (1,666,340 | ) | | | — | | | | (2,004,068 | ) | | | — | | | | (261,451 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (3,952,087 | ) | | | — | | | | (1,164,587 | ) | | | — | | | | (8,094 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| — | | | | (5,618,427 | ) | | | — | | | | (3,168,655 | ) | | | — | | | | (269,545 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| 2,526,262 | | | | 5,822,954 | | | | 6,319,671 | | | | 12,256,356 | | | | 251,267 | | | | 1,362,398 | |
| — | | | | 5,618,427 | | | | — | | | | 3,168,655 | | | | — | | | | 269,545 | |
| (14,382,417 | ) | | | (33,268,812 | ) | | | (12,848,608 | ) | | | (36,990,247 | ) | | | (2,307,440 | ) | | | (6,465,924 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| (11,856,155 | ) | | | (21,827,431 | ) | | | (6,528,937 | ) | | | (21,565,236 | ) | | | (2,056,173 | ) | | | (4,833,981 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| (7,971,058 | ) | | | (25,151,616 | ) | | | (8,609,649 | ) | | | (31,086,038 | ) | | | (1,726,185 | ) | | | (5,846,473 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| 146,680,522 | | | | 171,832,138 | | | | 149,252,526 | | | | 180,338,564 | | | | 21,291,965 | | | | 27,138,438 | |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 138,709,464 | | | $ | 146,680,522 | | | $ | 140,642,877 | | | $ | 149,252,526 | | | $ | 19,565,780 | | | $ | 21,291,965 | |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 2,933,243 | | | $ | 2,142,060 | | | $ | 1,779,698 | | | $ | 1,915,242 | | | $ | 366,889 | | | $ | 402,893 | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| 267,823 | | | | 593,864 | | | | 912,379 | | | | 1,590,777 | | | | 47,170 | | | | 246,035 | |
| — | | | | 551,908 | | | | — | | | | 398,573 | | | | — | | | | 48,567 | |
| (1,481,018 | ) | | | (3,296,255 | ) | | | (1,825,114 | ) | | | (4,611,852 | ) | | | (442,174 | ) | | | (1,147,706 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| (1,213,195 | ) | | | (2,150,483 | ) | | | (912,735 | ) | | | (2,622,502 | ) | | | (395,004 | ) | | | (853,104 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements
June 30, 2016 (Unaudited)
HIMCO Variable Insurance Trust (the “Trust”) is an open-end registered management investment company. The Trust is organized under the laws of the State of Delaware and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”).
The financial statements and the accompanying notes relate to the following funds: HIMCO VIT American Funds Asset Allocation Fund (“Asset Allocation Fund”), HIMCO VIT American Funds Blue Chip Income and Growth Fund (“Blue Chip Income and Growth Fund”), HIMCO VIT American Funds Bond Fund (“Bond Fund”), HIMCO VIT American Funds Global Bond Fund (“Global Bond Fund”), HIMCO VIT American Funds Global Growth and Income Fund (“Global Growth and Income Fund”), HIMCO VIT American Funds Global Growth Fund (“Global Growth Fund”), HIMCO VIT American Funds Global Small Capitalization Fund (“Global Small Capitalization Fund”), HIMCO VIT American Funds Growth Fund (“Growth Fund”), HIMCO VIT American Funds Growth-Income Fund (“Growth-Income Fund”), HIMCO VIT American Funds International Fund (“International Fund”) and HIMCO VIT American Funds New World Fund (“New World Fund”), (each a “Fund” or collectively the “Funds”). The Funds are each a series of the Trust. Each Fund is the successor of a series of Hartford Series Fund, Inc. (collectively referred to as the “American Funds HLS Funds”). The reorganization of the American Funds HLS with and into the respective Funds occurred on October 20, 2014. All information regarding and references to periods prior to October 20, 2014 relate to the respective American Funds HLS Funds.
Each Fund is a diversified open-end management investment company, except for the HIMCO VIT American Funds Global Bond Fund, which is non-diversified. Each Fund is authorized to issue an unlimited number of shares. The Funds are investment companies and apply specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services – Investment Companies. The Funds serve as underlying investment options for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company (“Hartford Life”) and its affiliates.
The Funds operate in the manner of “feeder funds”, investing all of their assets in shares of corresponding mutual funds (the “Master Funds”). Each Master Fund is offered by American Funds Insurance Series and is a registered open-end investment company. The Funds and their related Master Funds are listed below:
| | |
Fund | | Master Fund |
Asset Allocation Fund | | Asset Allocation Fund Class 1 |
Blue Chip Income and Growth Fund | | Blue Chip Income and Growth Fund Class 1 |
Bond Fund | | Bond Fund Class 1 |
Global Bond Fund | | Global Bond Fund Class 1 |
Global Growth and Income Fund | | Global Growth and Income Fund Class 1 |
Global Growth Fund | | Global Growth Fund Class 1 |
Global Small Capitalization Fund | | Global Small Capitalization Fund Class 1 |
Growth Fund | | Growth Fund Class 1 |
Growth-Income Fund | | Growth-Income Fund Class 1 |
International Fund | | International Fund Class 1 |
New World Fund | | New World Fund Class 1 |
The financial statements of the Master Funds, including the Summary Investment Portfolios, are provided separately and should be read in conjunction with the Funds’ financial statements.
Class IB shares of the Funds are offered at the per share net asset value (“NAV”) without a sales charge and are subject to distribution and service fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Funds in the preparation of their financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| a) | Determination of Net Asset Value – The NAV per share of each Fund is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (the “Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, the Funds may treat such day as a typical business day and accept purchase and redemption orders and calculate the Funds’ NAV in accordance with applicable law. The NAV for each class of shares is determined by dividing the value of the Funds’ net assets attributable to a class of shares by the number of shares outstanding for that class. For any day where, due to technical or other issues, trading is halted before the scheduled close of the Exchange, and not as part of a trading halt that is effected on a market-wide basis, the Funds may elect to continue to treat the Valuation Date as occurring at the time of the scheduled close of the Exchange. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| b) | Investment Valuation – The Funds do not buy investment securities directly. Instead, each Fund invests all of its assets in a separate mutual fund, which has the same investment objective and strategies as the Fund (each a Class 1 shares of “Master Fund” and together the “Master Funds”). Each Master Fund is a series of American Funds Insurance Series®. These Funds do not buy investment securities directly. Investments in shares of the Master Funds are valued at the respective NAV of each Master Fund as determined as of the NYSE Close on the Valuation Date. If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Trustees. The Prospectuses and Statements of Additional Information for the Master Funds explain the valuation methods used for the Master Funds, including the circumstances under which the Master Funds may use fair value pricing and the effects of doing so. Such Prospectuses and Statements of Additional Information are available on the SEC EDGAR database on its internet site at http://www.sec.gov. |
U.S. GAAP defines fair value as the price that a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| • | | Level 1 – Quoted prices in active markets for identical investments. |
| • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. |
| • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. |
The procedures adopted by the Board of Trustees define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee has the overall responsibility for implementing the procedures adopted by the Board of Trustees, including the responsibility for determining the fair value of the Funds’ investments. The Valuation Committee is also responsible for determining in good faith the fair value of an investment when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment, as provided by the primary pricing service or alternative source, is believed not to reflect the investment’s fair value as of the Valuation Date.
The Valuation Committee is comprised of the Trust’s Chief Executive Officer, Treasurer, Chief Operating Officer, and Chief Legal Officer, or their designees. In addition, the Trust’s Chief Compliance Officer (“CCO”) shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures and to keep the Trust’s CCO regularly informed of pricing and Valuation Committee proceedings. Two members of the Valuation Committee or their designees,
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
representing different departments, shall constitute a quorum for purposes of permitting the Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Funds’ adviser, knowledgeable brokers, and legal counsel in making such determination.
At each quarterly meeting of the Board of Trustees, the Valuation Committee provides a written report that includes details of all fair-valued investments to the extent any are fair-valued, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” review). The Board of Trustees then must consider for ratification all of the fair value determinations made during the previous quarter.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Investment Valuation Hierarchy Level Summary included in the Schedule of Investments for each Fund.
For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period. During the six-month period ended June 30, 2016, there were no transfers between different hierarchy levels.
| c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Realized gains and losses are determined on the basis of identified cost. |
Income and capital gain distributions from the Master Funds are accrued on the ex-dividend date.
| d) | 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. The NAV of each Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined for each Fund by dividing the Fund’s net assets by the number of shares outstanding. Orders for the purchase of a Fund’s shares received by an insurance company prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received by an insurance company 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 Board of Trustees based upon the investment performance of the Funds. The policy of all the Funds is to pay dividends from net investment income and 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 may include, but are not limited to, losses deferred due to wash sale adjustments and short-term capital gain adjustments. Permanent book and federal income tax basis differences relating to shareholder distributions will result in reclassifications to certain of the Funds’ capital accounts (see Federal Income Taxes: Reclassification of Capital Accounts note).
The Funds are exposed to the risks of the Master Funds in direct proportion to the amount of assets each Fund allocates to each Master Fund. The market values of the Master Funds may decline due to general market conditions which are not specifically related to a particular fund, such as real or perceived adverse economic conditions or adverse investor sentiment generally.
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| a) | Federal Income Taxes – For federal income tax purposes, the Funds intend to continue to qualify as Regulated Investment Companies (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (“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 the IRC. 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 capital 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), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments and short-term capital gain distribution adjustments. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the net investment income (loss) or net realized gains (losses) were recorded by a Fund. |
| c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Funds for the periods indicated is as follows (as adjusted for dividends payable, if applicable): |
| | | | | | | | | | | | | | | | |
| | For the Year Ended December 31, 2015 | | | For the Year Ended December 31, 2014 | |
| | Ordinary Income | | | Long- Term Capital Gains(1) | | | Ordinary Income | | | Long- Term Capital Gains(1) | |
Asset Allocation Fund | | $ | 721,372 | | | $ | 758,343 | | | $ | 816,074 | | | $ | 18,006,855 | |
Blue Chip Income and Growth Fund | | | 1,263,856 | | | | 708,750 | | | | 648,000 | | | | 8,904,361 | |
Bond Fund | | | 3,092,400 | | | | 414,404 | | | | 3,495,510 | | | | 9,191,724 | |
Global Bond Fund | | | 168,861 | | | | 1,369 | | | | 13,100 | | | | 1,386,993 | |
Global Growth and Income Fund | | | 1,501,497 | | | | 668,984 | | | | 1,563,826 | | | | 20,215,503 | |
Global Growth Fund | | | 165,242 | | | | 168,621 | | | | 196,001 | | | | 9,854,542 | |
Global Small Capitalization Fund | | | — | | | | 544,795 | | | | 171,479 | | | | 11,021,664 | |
Growth Fund | | | 2,530,703 | | | | 6,406,141 | | | | 2,316,304 | | | | 102,664,035 | |
Growth-Income Fund | | | 1,666,340 | | | | 3,952,087 | | | | 1,909,005 | | | | 55,384,012 | |
International Fund | | | 2,004,068 | | | | 1,164,587 | | | | 2,227,209 | | | | 39,928,767 | |
New World Fund | | | 261,451 | | | | 8,094 | | | | 330,200 | | | | 10,565,456 | |
| (1) | The Funds designate these distributions as capital gain dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2015, the components of distributable earnings (deficit) on a tax basis were as follows:
| | | | | | | | | | | | | | | | | | | | |
| | Undistributed Ordinary Income | | | Undistributed Long-Term Capital Gain | | | Accumulated Capital(1) | | | Unrealized Appreciation (Depreciation)(2) | | | Total Accumulated Earnings (Deficit) | |
Asset Allocation Fund | | $ | 1,013,089 | | | $ | 6,577,959 | | | $ | — | | | $ | 1,027,114 | | | $ | 8,618,162 | |
Blue Chip Income and Growth Fund | | | 899,736 | | | | 8,179,370 | | | | — | | | | 2,792,121 | | | | 11,871,227 | |
Bond Fund | | | 4,871,868 | | | | 1,344,207 | | | | — | | | | (4,399,357 | ) | | | 1,816,718 | |
Global Bond Fund | | | 169,482 | | | | — | | | | (223,451 | ) | | | (1,153,584 | ) | | | (1,207,553 | ) |
Global Growth and Income Fund | | | 665,664 | | | | 4,556,731 | | | | — | | | | 6,164,516 | | | | 11,386,911 | |
Global Growth Fund | | | 314,070 | | | | 2,791,774 | | | | — | | | | 1,598,980 | | | | 4,704,824 | |
Global Small Capitalization Fund | | | 160,016 | | | | 7,330,120 | | | | — | | | | 4,965,189 | | | | 12,455,325 | |
Growth Fund | | | 748,426 | | | | 92,964,006 | | | | — | | | | 38,855,537 | | | | 132,567,969 | |
Growth-Income Fund | | | 2,142,060 | | | | 39,353,416 | | | | — | | | | 21,881,400 | | | | 63,376,876 | |
International Fund | | | 1,915,242 | | | | 15,464,164 | | | | — | | | | 3,209,112 | | | | 20,588,518 | |
New World Fund | | | 402,893 | | | | 796,214 | | | | — | | | | (4,102,404 | ) | | | (2,903,297 | ) |
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| (1) | The Funds had capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows. |
| (2) | The differences between book-basis and tax-basis unrealized appreciation (depreciation) are attributable primarily to the tax deferral of wash sale losses. |
| (d) | Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for items such 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 distributable income may be shown in the accompanying Statements of Assets and Liabilities 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 fiscal year ended December 31, 2015, the Funds recorded the following reclassifications to increase (decrease) the accounts listed below. |
| | | | | | | | | | | | |
| | Paid in Capital | | | Undistributed Net Investment Income (Loss) | | | Accumulated Net Realized Gain (Loss) | |
Global Bond Fund | | $ | — | | | $ | (1 | ) | | $ | 1 | |
Global Small Capitalization Fund | | | 17,094 | | | | — | | | | (17,094 | ) |
New World Fund | | | 1 | | | | — | | | | (1 | ) |
| e) | Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation. |
At December 31, 2015 (tax-year-end), the following Fund had long-term capital loss carryforwards with no expiration for U.S. federal income tax purposes as follows:
| | | | |
| | Amount | |
Global Bond Fund | | $ | 223,451 | |
| f) | Accounting for Uncertainty in Income Taxes – The Funds have adopted financial reporting rules that require the Funds to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Funds do not have an examination in progress. |
The Funds have reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules have no effect on the Funds’ financial positions or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax returns for the fiscal year ended December 31, 2015. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
| a) | Investment Management Agreement – Hartford Investment Management Company (“Hartford Investment Management”) serves as the Funds’ investment manager pursuant to an Investment Management Agreement with the Trust. Hartford Investment Management is a wholly owned subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). The investment manager provides day-to-day investment management services to the Funds and has overall investment supervisory responsibility for each Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for operation of the Funds. |
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
The schedule below reflects the rates of compensation as a percentage of each Fund’s average daily net assets paid to the investment manager for investment management services rendered during the six-month period ended June 30, 2016. The rates are accrued daily and paid monthly:
| | | | |
Fund | | Annual Rate* | |
Asset Allocation Fund | | | 0.65% | |
Blue Chip Income and Growth Fund | | | 0.75% | |
Bond Fund | | | 0.50% | |
Global Bond Fund | | | 0.75% | |
Global Growth and Income Fund | | | 0.80% | |
Global Growth Fund | | | 1.00% | |
Global Small Capitalization Fund | | | 0.80% | |
Growth Fund | | | 0.75% | |
Growth-Income Fund | | | 0.70% | |
International Fund | | | 0.85% | |
New World Fund | | | 1.10% | |
| * | Hartford Investment Management has contractually agreed with the Trust, on behalf of each Fund, to waive a portion of its management fee to the extent necessary to maintain its net management fee at 0.25% of average daily net assets per annum, for as long as the Fund is part of a master-feeder fund structure. The Board of Trustees may change or eliminate this waiver if the fund structure changes. |
| b) | Accounting Services Agreement – State Street Bank and Trust Company (“State Street Bank”) provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Trust, on behalf of the Funds, and State Street Bank. The amount paid for accounting services can be found in the Statements of Operations. These fees are accrued daily and paid monthly. |
| c) | Operating Expenses – Allocable expenses incurred by the Trust 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 the Fund. Hartford Investment Management has contractually agreed to reimburse expenses (exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual operating expenses for the Class IB shares of each Fund as follows: |
| | | | |
Fund | | Annual Rate | |
Asset Allocation Fund | | | 0.86% | |
Blue Chip Income and Growth Fund | | | 0.99% | |
Bond Fund | | | 0.93% | |
Global Bond Fund | | | 1.15% | |
Global Growth and Income Fund | | | 1.18% | |
Global Growth Fund | | | 1.14% | |
Global Small Capitalization Fund | | | 1.32% | |
Growth Fund | | | 0.89% | |
Growth-Income Fund | | | 0.83% | |
International Fund | | | 1.09% | |
New World Fund | | | 1.36% | |
This contractual arrangement will remain in effect until April 30, 2017, and shall renew automatically for one-year terms unless the investment manager provides written notice of termination prior to the start of the next term or upon approval of the Board of Trustees of the Funds.
| d) | Distribution Plan for Class IB Shares – HIMCO Distribution Services Company, a wholly owned subsidiary of The Hartford, serves as the Funds’ principal underwriter and distributor. The Trust, on behalf of the Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act to compensate the distributor, 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 review and approval of the Board of Trustees. |
|
HIMCO Variable Insurance Trust |
Notes to Financial Statements – (concluded)
June 30, 2016 (Unaudited)
The Distribution Plan provides that each Fund may pay annually up to 0.25% of the average daily net assets of each Fund attributable to its Class IB shares for activities primarily intended to result in the sale of Class IB shares. The Board of Trustees 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 that may be used to pay or reimburse 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 or at such other intervals as the Board of Trustees may determine.
| e) | Transfer Agent Fees – State Street Bank provides transfer agent services to the Funds. The transfer agent is reimbursed for out-of-pocket expenses and other costs associated with the services it provides to the Funds, including costs invoiced by sub-contractors. Hartford Investment Management and its affiliates may pay, out of their own assets, compensation to third-party administrators for recordkeeping and other administrative services. The amount paid for transfer agent services can be found in the Statements of Operations. These fees are accrued daily and paid monthly. |
| f) | Trustee Fees – The Board of Trustees is responsible for oversight of the Funds. The Board of Trustees elects officers who are responsible for the day to day operations of the Funds. The Board of Trustees oversees the investment manager and the other principal service providers of the Funds. The Board of Trustees currently holds four regularly scheduled meetings throughout each year. In addition, the Board of Trustees may hold special meetings at other times either in person or by telephone. A portion of the compensation of the Funds’ CCO was allocated to each operational investment company in the Trust and is included in the Trustee fees. The Trustee fees paid during the period can be found in the Statements of Operations. |
6. | Investment Transactions: |
For the six-month period ended June 30, 2016, the aggregate cost of purchases and sales of investments in Master Funds (excluding short-term investments) were as follows:
| | | | | | | | |
| | Cost of Purchases Excluding U.S. Government Obligations | | | Sales Proceeds Excluding U.S. Government Obligations | |
Asset Allocation Fund | | $ | 2,044,982 | | | $ | 5,891,519 | |
Blue Chip Income and Growth Fund | | | 5,897,333 | | | | 4,166,224 | |
Bond Fund | | | 4,170,474 | | | | 17,653,589 | |
Global Bond Fund | | | 1,526,180 | | | | 1,310,501 | |
Global Growth and Income Fund | | | 235,517 | | | | 4,452,917 | |
Global Growth Fund | | | 2,147,562 | | | | 1,956,069 | |
Global Small Capitalization Fund | | | 8,714,027 | | | | 3,964,153 | |
Growth Fund | | | 25,655,104 | | | | 23,703,106 | |
Growth-Income Fund | | | 17,949,947 | | | | 14,566,196 | |
International Fund | | | 18,532,769 | | | | 13,022,137 | |
New World Fund | | | 228,168 | | | | 2,325,035 | |
Under the Trust’s organizational documents, the Trust shall indemnify its officers and trustees to the full extent required or permitted under Delaware Statutory Trust Act and the federal securities laws. In addition, the Trust, on behalf of the Funds, may enter into contracts that contain a variety of indemnifications. The Trust’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the Financials Statements were issued. Based on this evaluation, no disclosures were required to the Financial Statements as of June 30, 2016.
|
HIMCO Variable Insurance Trust |
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments | | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | | | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
HIMCO VIT American Funds Asset Allocation Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 8.95 | | | $ | — | (4) | | $ | 0.40 | | | $ | 0.40 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9.35 | | | | 4.47 | %(5) | | $ | 40,951 | | | | 1.05 | %(6) | | | 0.57 | %(6) | | | 0.08 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 9.12 | | | $ | 0.18 | | | $ | (0.08 | ) | | $ | 0.10 | | | $ | (0.13 | ) | | $ | (0.14 | ) | | $ | (0.27 | ) | | $ | 8.95 | | | | 1.12 | % | | $ | 44,093 | | | | 1.01 | % | | | 0.56 | % | | | 1.99 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 12.63 | | | $ | 0.12 | | | $ | 0.44 | | | $ | 0.56 | | | $ | (0.18 | ) | | $ | (3.89 | ) | | $ | (4.07 | ) | | $ | 9.12 | | | | 5.05 | % | | $ | 54,855 | | | | 0.99 | % | | | 0.55 | % | | | 1.09 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 11.04 | | | $ | 0.12 | | | $ | 2.39 | | | $ | 2.51 | | | $ | (0.17 | ) | | $ | (0.75 | ) | | $ | (0.92 | ) | | $ | 12.63 | | | | 23.40 | % | | $ | 62,961 | | | | 0.95 | % | | | 0.55 | % | | | 0.97 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 9.70 | | | $ | 0.19 | | | $ | 1.34 | | | $ | 1.53 | | | $ | (0.17 | ) | | $ | (0.02 | ) | | $ | (0.19 | ) | | $ | 11.04 | | | | 15.80 | % | | $ | 64,616 | | | | 0.95 | % | | | 0.55 | % | | | 1.56 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 9.74 | | | $ | 0.14 | | | $ | (0.05 | ) | | $ | 0.09 | | | $ | (0.13 | ) | | $ | — | | | $ | (0.13 | ) | | $ | 9.70 | | | | 1.02 | % | | $ | 64,356 | | | | 0.95 | % | | | 0.55 | % | | | 1.61 | % |
|
HIMCO VIT American Funds Blue Chip Income and Growth Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 10.38 | | | $ | 0.10 | | | $ | 0.91 | | | $ | 1.01 | | | $ | — | | | $ | — | | | $ | — | | | $ | 11.39 | | | | 9.73 | %(5) | | $ | 38,931 | | | | 1.15 | %(6) | | | 0.58 | %(6) | | | 1.97 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 11.25 | | | $ | 0.23 | | | $ | (0.58 | ) | | $ | (0.35 | ) | | $ | (0.33 | ) | | $ | (0.19 | ) | | $ | (0.52 | ) | | $ | 10.38 | | | | (3.30 | )% | | $ | 36,874 | | | | 1.13 | % | | | 0.57 | % | | | 2.07 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 12.31 | | | $ | 0.34 | | | $ | 1.38 | | | $ | 1.72 | | | $ | (0.20 | ) | | $ | (2.58 | ) | | $ | (2.78 | ) | | $ | 11.25 | | | | 15.02 | % | | $ | 47,550 | | | | 1.10 | % | | | 0.57 | % | | | 2.83 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 10.11 | | | $ | 0.17 | | | $ | 3.02 | | | $ | 3.19 | | | $ | (0.18 | ) | | $ | (0.81 | ) | | $ | (0.99 | ) | | $ | 12.31 | | | | 32.55 | % | | $ | 43,502 | | | | 1.07 | % | | | 0.57 | % | | | 1.51 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 9.07 | | | $ | 0.15 | | | $ | 1.07 | | | $ | 1.22 | | | $ | (0.12 | ) | | $ | (0.06 | ) | | $ | (0.18 | ) | | $ | 10.11 | | | | 13.53 | % | | $ | 39,920 | | | | 1.07 | % | | | 0.57 | % | | | 1.67 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 9.18 | | | $ | 0.13 | | | $ | (0.24 | ) | | $ | (0.11 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 9.07 | | | | (1.19 | )% | | $ | 32,425 | | | | 1.07 | % | | | 0.57 | % | | | 1.44 | % |
|
HIMCO VIT American Funds Bond Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 9.40 | | | $ | 0.04 | | | $ | 0.46 | | | $ | 0.50 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9.90 | | | | 5.32 | %(5) | | $ | 145,002 | | | | 0.86 | %(6) | | | 0.55 | %(6) | | | 0.90 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 9.60 | | | $ | 0.27 | | | $ | (0.28 | ) | | $ | (0.01 | ) | | $ | (0.17 | ) | | $ | (0.02 | ) | | $ | (0.19 | ) | | $ | 9.40 | | | | (0.06 | )% | | $ | 151,684 | | | | 0.84 | % | | | 0.54 | % | | | 2.81 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 9.75 | | | $ | 0.14 | | | $ | 0.34 | | | $ | 0.48 | | | $ | (0.17 | ) | | $ | (0.46 | ) | | $ | (0.63 | ) | | $ | 9.60 | | | | 4.98 | % | | $ | 189,076 | | | | 0.81 | % | | | 0.54 | % | | | 1.42 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 10.52 | | | $ | 0.17 | | | $ | (0.42 | ) | | $ | (0.25 | ) | | $ | (0.22 | ) | | $ | (0.30 | ) | | $ | (0.52 | ) | | $ | 9.75 | | | | (2.37 | )% | | $ | 236,846 | | | | 0.79 | % | | | 0.54 | % | | | 1.67 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 10.52 | | | $ | 0.23 | | | $ | 0.29 | | | $ | 0.52 | | | $ | (0.29 | ) | | $ | (0.23 | ) | | $ | (0.52 | ) | | $ | 10.52 | | | | 5.01 | % | | $ | 199,008 | | | | 0.79 | % | | | 0.54 | % | | | 2.13 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 10.21 | | | $ | 0.29 | | | $ | 0.30 | | | $ | 0.59 | | | $ | (0.28 | ) | | $ | — | | | $ | (0.28 | ) | | $ | 10.52 | | | | 5.84 | % | | $ | 198,203 | | | | 0.79 | % | | | 0.54 | % | | | 2.57 | % |
See Portfolio Turnover information at the conclusion of Financial Highlights
|
HIMCO Variable Insurance Trust |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments | | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | | | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
HIMCO VIT American Funds Global Bond Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 8.47 | | | $ | (0.02 | ) | | $ | 0.68 | | | $ | 0.66 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9.13 | | | | 7.79 | %(5) | | $ | 11,573 | | | | 1.32 | %(6) | | | 0.58 | %(6) | | | (0.36 | )%(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 8.98 | | | $ | 0.11 | | | $ | (0.50 | ) | | $ | (0.39 | ) | | $ | (0.12 | ) | | $ | — | (4) | | $ | (0.12 | ) | | $ | 8.47 | | | | (4.39 | )% | | $ | 10,559 | | | | 1.25 | % | | | 0.58 | % | | | 1.29 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 9.66 | | | $ | 0.10 | | | $ | 0.05 | | | $ | 0.15 | | | $ | (0.01 | ) | | $ | (0.82 | ) | | $ | (0.83 | ) | | $ | 8.98 | | | | 1.17 | % | | $ | 15,042 | | | | 1.22 | % | | | 0.63 | % | | | 1.01 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 11.10 | | | $ | (0.06 | ) | | $ | (0.29 | ) | | $ | (0.35 | ) | | $ | (0.37 | ) | | $ | (0.72 | ) | | $ | (1.09 | ) | | $ | 9.66 | | | | (3.03 | )% | | $ | 17,007 | | | | 1.09 | % | | | 0.59 | % | | | (0.59 | )% |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 11.02 | | | $ | 0.24 | | | $ | 0.38 | | | $ | 0.62 | | | $ | (0.31 | ) | | $ | (0.23 | ) | | $ | (0.54 | ) | | $ | 11.10 | | | | 5.83 | % | | $ | 38,193 | | | | 1.07 | % | | | 0.57 | % | | | 1.69 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 10.86 | | | $ | 0.23 | | | $ | 0.24 | | | $ | 0.47 | | | $ | (0.23 | ) | | $ | (0.08 | ) | | $ | (0.31 | ) | | $ | 11.02 | | | | 4.28 | % | | $ | 44,352 | | | | 1.06 | % | | | 0.56 | % | | | 2.56 | % |
|
HIMCO VIT American Funds Global Growth and Income Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 6.56 | | | $ | — | (4) | | $ | 0.10 | | | $ | 0.10 | | | $ | — | | | $ | — | | | $ | — | | | $ | 6.66 | | | | 1.52 | %(5) | | $ | 34,562 | | | | 1.22 | %(6) | | | 0.54 | %(6) | | | 0.09 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 7.01 | | | $ | 0.10 | | | $ | (0.20 | ) | | $ | (0.10 | ) | | $ | (0.24 | ) | | $ | (0.11 | ) | | $ | (0.35 | ) | | $ | 6.56 | | | | (1.64 | )% | | $ | 38,341 | | | | 1.17 | % | | | 0.55 | % | | | 1.49 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 11.24 | | | $ | 0.29 | | | $ | 0.32 | | | $ | 0.61 | | | $ | (0.37 | ) | | $ | (4.47 | ) | | $ | (4.84 | ) | | $ | 7.01 | | | | 5.36 | % | | $ | 48,147 | | | | 1.15 | % | | | 0.57 | % | | | 3.04 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 9.58 | | | $ | 0.24 | | | $ | 1.84 | | | $ | 2.08 | | | $ | (0.26 | ) | | $ | (0.16 | ) | | $ | (0.42 | ) | | $ | 11.24 | | | | 22.16 | % | | $ | 52,712 | | | | 1.11 | % | | | 0.56 | % | | | 2.28 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 8.38 | | | $ | 0.23 | | | $ | 1.20 | | | $ | 1.43 | | | $ | (0.23 | ) | | $ | — | | | $ | (0.23 | ) | | $ | 9.58 | | | | 17.30 | % | | $ | 74,927 | | | | 1.10 | % | | | 0.55 | % | | | 2.05 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 9.06 | | | $ | 0.22 | | | $ | (0.70 | ) | | $ | (0.48 | ) | | $ | (0.20 | ) | | $ | — | | | $ | (0.20 | ) | | $ | 8.38 | | | | (5.19 | )% | | $ | 78,639 | | | | 1.09 | % | | | 0.54 | % | | | 2.30 | % |
|
HIMCO VIT American Funds Global Growth Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 7.71 | | | $ | 0.03 | | | $ | (0.31 | ) | | $ | (0.28 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 7.43 | | | | (3.63 | )%(5) | | $ | 17,030 | | | | 1.48 | %(6) | | | 0.59 | %(6) | | | 0.72 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 7.35 | | | $ | 0.12 | | | $ | 0.36 | | | $ | 0.48 | | | $ | (0.06 | ) | | $ | (0.06 | ) | | $ | (0.12 | ) | | $ | 7.71 | | | | 6.60 | % | | $ | 18,999 | | | | 1.43 | % | | | 0.59 | % | | | 1.51 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 12.56 | | | $ | 0.08 | | | $ | 0.07 | | | $ | 0.15 | | | $ | (0.12 | ) | | $ | (5.24 | ) | | $ | (5.36 | ) | | $ | 7.35 | | | | 1.97 | % | | $ | 20,704 | | | | 1.42 | % | | | 0.60 | % | | | 0.75 | % |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 10.45 | | | $ | 0.08 | | | $ | 2.83 | | | $ | 2.91 | | | $ | (0.06 | ) | | $ | (0.74 | ) | | $ | (0.80 | ) | | $ | 12.56 | | | | 28.77 | % | | $ | 24,509 | | | | 1.34 | % | | | 0.59 | % | | | 0.71 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 8.74 | | | $ | 0.06 | | | $ | 1.86 | | | $ | 1.92 | | | $ | (0.10 | ) | | $ | (0.11 | ) | | $ | (0.21 | ) | | $ | 10.45 | | | | 22.19 | % | | $ | 29,055 | | | | 1.33 | % | | | 0.58 | % | | | 0.48 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 9.74 | | | $ | 0.10 | | | $ | (0.99 | ) | | $ | (0.89 | ) | | $ | (0.11 | ) | | $ | — | | | $ | (0.11 | ) | | $ | 8.74 | | | | (9.18 | )% | | $ | 29,319 | | | | 1.32 | % | | | 0.57 | % | | | 0.95 | % |
See Portfolio Turnover information at the conclusion of Financial Highlights
|
HIMCO Variable Insurance Trust |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments | | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | | | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
HIMCO VIT American Funds Global Small Capitalization Fund | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | |
IB | | $ | 7.55 | | | $ | — | (4) | | $ | (0.31 | ) | | $ | (0.31 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 7.24 | | | | (4.11 | )%(5) | | $ | 37,799 | | | | 1.21 | %(6) | | | 0.59 | %(6) | | | 0.07 | %(6) |
|
For the Year Ended December 31, 2015 | |
IB | | $ | 7.64 | | | $ | 0.03 | | | $ | (0.02 | ) | | $ | 0.01 | | | $ | — | | | $ | (0.10 | ) | | $ | (0.10 | ) | | $ | 7.55 | | | | (0.03 | )% | | $ | 41,737 | | | | 1.17 | % | | | 0.58 | % | | | 0.34 | % |
|
For the Year Ended December 31, 2014 | |
IB | | $ | 9.47 | | | $ | (0.02 | ) | | $ | 0.16 | | | $ | 0.14 | | | $ | (0.03 | ) | | $ | (1.94 | ) | | $ | (1.97 | ) | | $ | 7.64 | | | | 1.75 | % | | $ | 50,478 | | | | 1.15 | % | | | 0.57 | % | | | (0.26 | )% |
|
For the Year Ended December 31, 2013(7) | |
IB | | $ | 8.29 | | | $ | 0.03 | | | $ | 2.18 | | | $ | 2.21 | | | $ | (0.09 | ) | | $ | (0.94 | ) | | $ | (1.03 | ) | | $ | 9.47 | | | | 27.89 | % | | $ | 61,224 | | | | 1.13 | % | | | 0.58 | % | | | 0.30 | % |
|
For the Year Ended December 31, 2012(7)(8) | |
IB | | $ | 7.83 | | | $ | 0.10 | | | $ | 1.23 | | | $ | 1.33 | | | $ | (0.10 | ) | | $ | (0.77 | ) | | $ | (0.87 | ) | | $ | 8.29 | | | | 17.85 | % | | $ | 53,881 | | | | 1.11 | % | | | 0.56 | % | | | 0.99 | % |
|
For the Year Ended December 31, 2011(7)(8) | |
IB | | $ | 9.92 | | | $ | 0.10 | | | $ | (2.01 | ) | | $ | (1.91 | ) | | $ | (0.13 | ) | | $ | (0.05 | ) | | $ | (0.18 | ) | | $ | 7.83 | | | | (19.40 | )% | | $ | 55,658 | | | | 1.11 | % | | | 0.56 | % | | | 0.98 | % |
| | | | | | |
HIMCO VIT American Funds Growth Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.83 | | | $ | — | (4) | | $ | 0.08 | | | $ | 0.08 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9.91 | | | | 0.81 | %(5) | | $ | 238,992 | | | | 1.10 | %(6) | | | 0.54 | %(6) | | | (0.08 | )%(6) |
| | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.53 | | | $ | 0.03 | | | $ | 0.59 | | | $ | 0.62 | | | $ | (0.09 | ) | | $ | (0.23 | ) | | $ | (0.32 | ) | | $ | 9.83 | | | | 6.50 | % | | $ | 257,086 | | | | 1.09 | % | | | 0.54 | % | | | 0.26 | % |
| | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 13.09 | | | $ | 0.10 | | | $ | 0.70 | | | $ | 0.80 | | | $ | (0.10 | ) | | $ | (4.26 | ) | | $ | (4.36 | ) | | $ | 9.53 | | | | 8.21 | % | | $ | 299,254 | | | | 1.06 | % | | | 0.54 | % | | | 0.85 | % |
| | | | | | | | |
For the Year Ended December 31, 2013(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.45 | | | $ | 0.07 | | | $ | 3.00 | | | $ | 3.07 | | | $ | (0.06 | ) | | $ | (0.37 | ) | | $ | (0.43 | ) | | $ | 13.09 | | | | 29.78 | % | | $ | 351,018 | | | | 1.04 | % | | | 0.54 | % | | | 0.60 | % |
| | | | | | | | |
For the Year Ended December 31, 2012(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.95 | | | $ | 0.05 | | | $ | 1.51 | | | $ | 1.56 | | | $ | (0.03 | ) | | $ | (0.03 | ) | | $ | (0.06 | ) | | $ | 10.45 | | | | 17.56 | % | | $ | 333,889 | | | | 1.04 | % | | | 0.54 | % | | | 0.50 | % |
| | | | | | | | |
For the Year Ended December 31, 2011(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.38 | | | $ | 0.03 | | | $ | (0.46 | ) | | $ | (0.43 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 8.95 | | | | (4.57 | )% | | $ | 317,968 | | | | 1.04 | % | | | 0.54 | % | | | 0.33 | % |
| | | | | | |
HIMCO VIT American Funds Growth-Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.86 | | | $ | 0.06 | | | $ | 0.23 | | | $ | 0.29 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10.15 | | | | 2.94 | %(5) | | $ | 138,709 | | | | 1.05 | %(6) | | | 0.54 | %(6) | | | 1.15 | %(6) |
| | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.09 | | | $ | 0.13 | | | $ | — | (4) | | $ | 0.13 | | | $ | (0.11 | ) | | $ | (0.25 | ) | | $ | (0.36 | ) | | $ | 9.86 | | | | 1.19 | % | | $ | 146,681 | | | | 1.04 | % | | | 0.54 | % | | | 1.32 | % |
| | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 13.26 | | | $ | 0.11 | | | $ | 1.03 | | | $ | 1.14 | | | $ | (0.15 | ) | | $ | (4.16 | ) | | $ | (4.31 | ) | | $ | 10.09 | | | | 10.30 | % | | $ | 171,832 | | | | 1.01 | % | | | 0.54 | % | | | 0.90 | % |
| | | | | | | | |
For the Year Ended December 31, 2013(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.20 | | | $ | 0.11 | | | $ | 3.23 | | | $ | 3.34 | | | $ | (0.14 | ) | | $ | (0.14 | ) | | $ | (0.28 | ) | | $ | 13.26 | | | | 33.14 | % | | $ | 197,689 | | | | 0.99 | % | | | 0.54 | % | | | 0.97 | % |
| | | | | | | | |
For the Year Ended December 31, 2012(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.81 | | | $ | 0.13 | | | $ | 1.38 | | | $ | 1.51 | | | $ | (0.12 | ) | | $ | — | | | $ | (0.12 | ) | | $ | 10.20 | | | | 17.16 | % | | $ | 183,220 | | | | 0.99 | % | | | 0.54 | % | | | 1.29 | % |
See Portfolio Turnover information at the conclusion of Financial Highlights
|
HIMCO Variable Insurance Trust |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments | | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | | | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
| | | | | | | | |
For the Year Ended December 31, 2011(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.00 | | | $ | 0.12 | | | $ | (0.31 | ) | | $ | (0.19 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 8.81 | | | | (2.12 | )% | | $ | 170,059 | | | | 0.98 | % | | | 0.53 | % | | | 1.26 | % |
HIMCO VIT American Funds International Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 7.33 | | | $ | (0.01 | ) | | $ | (0.09 | ) | | $ | (0.10 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 7.23 | | | | (1.36 | )%(5) | | $ | 140,643 | | | | 1.21 | %(6) | | | 0.55 | %(6) | | | (0.19 | )%(6) |
| | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 7.85 | | | $ | 0.09 | | | $ | (0.45 | ) | | $ | (0.36 | ) | | $ | (0.10 | ) | | $ | (0.06 | ) | | $ | (0.16 | ) | | $ | 7.33 | | | | (4.83 | )% | | $ | 149,253 | | | | 1.20 | % | | | 0.55 | % | | | 1.12 | % |
| | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.27 | | | $ | 0.09 | | | $ | (0.36 | ) | | $ | (0.27 | ) | | $ | (0.12 | ) | | $ | (2.03 | ) | | $ | (2.15 | ) | | $ | 7.85 | | | | (2.88 | )% | | $ | 180,339 | | �� | | 1.17 | % | | | 0.55 | % | | | 0.98 | % |
| | | | | | | | |
For the Year Ended December 31, 2013(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.73 | | | $ | 0.09 | | | $ | 1.74 | | | $ | 1.83 | | | $ | (0.11 | ) | | $ | (0.18 | ) | | $ | (0.29 | ) | | $ | 10.27 | | | | 21.23 | % | | $ | 226,400 | | | | 1.15 | % | | | 0.55 | % | | | 0.99 | % |
| | | | | | | | |
For the Year Ended December 31, 2012(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 7.54 | | | $ | 0.10 | | | $ | 1.22 | | | $ | 1.32 | | | $ | (0.13 | ) | | $ | — | | | $ | (0.13 | ) | | $ | 8.73 | | | | 17.58 | % | | $ | 225,298 | | | | 1.14 | % | | | 0.54 | % | | | 1.15 | % |
| | | | | | | | |
For the Year Ended December 31, 2011(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.96 | | | $ | 0.13 | | | $ | (1.40 | ) | | $ | (1.27 | ) | | $ | (0.15 | ) | | $ | — | | | $ | (0.15 | ) | | $ | 7.54 | | | | (14.23 | )% | | $ | 208,399 | | | | 1.14 | % | | | 0.54 | % | | | 1.52 | % |
| | | | | | |
HIMCO VIT American Funds New World Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 5.39 | | | $ | (0.01 | ) | | $ | 0.12 | | | $ | 0.11 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5.50 | | | | 2.04 | %(5) | | $ | 19,566 | | | | 1.57 | %(6) | | | 0.57 | %(6) | | | (0.37 | )%(6) |
| | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 5.65 | | | $ | 0.09 | | | $ | (0.29 | ) | | $ | (0.20 | ) | | $ | (0.06 | ) | | $ | — | (4) | | $ | (0.06 | ) | | $ | 5.39 | | | | (3.52 | )% | | $ | 21,292 | | | | 1.51 | % | | | 0.58 | % | | | 1.61 | % |
| | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.17 | | | $ | 0.05 | | | $ | (0.54 | ) | | $ | (0.49 | ) | | $ | (0.10 | ) | | $ | (2.93 | )�� | | $ | (3.03 | ) | | $ | 5.65 | | | | (8.17 | )% | | $ | 27,138 | | | | 1.49 | % | | | 0.59 | % | | | 0.59 | % |
| | | | | | | | |
For the Year Ended December 31, 2013(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.46 | | | $ | 0.07 | | | $ | 0.89 | | | $ | 0.96 | | | $ | (0.08 | ) | | $ | (1.17 | ) | | $ | (1.25 | ) | | $ | 9.17 | | | | 11.06 | % | | $ | 34,304 | | | | 1.43 | % | | | 0.58 | % | | | 0.77 | % |
| | | | | | | | |
For the Year Ended December 31, 2012(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.66 | | | $ | 0.07 | | | $ | 1.38 | | | $ | 1.45 | | | $ | (0.15 | ) | | $ | (0.50 | ) | | $ | (0.65 | ) | | $ | 9.46 | | | | 17.47 | % | | $ | 51,697 | | | | 1.41 | % | | | 0.56 | % | | | 0.61 | % |
| | | | | | | | |
For the Year Ended December 31, 2011(7)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.24 | | | $ | 0.15 | | | $ | (1.60 | ) | | $ | (1.45 | ) | | $ | (0.13 | ) | | $ | — | | | $ | (0.13 | ) | | $ | 8.66 | | | | (14.23 | )% | | $ | 52,569 | | | | 1.41 | % | | | 0.56 | % | | | 1.33 | % |
(1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
(2) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. |
(3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include expenses of the Master Funds. |
(4) | Per share amount is less than $0.005. |
(7) | These financial highlights were audited by other auditors. |
(8) | Net investment income (loss) per share amounts have been calculated using the SEC method. |
See Portfolio Turnover information at the conclusion of Financial Highlights
|
HIMCO Variable Insurance Trust |
Financial Highlights – (concluded)
| | | | | | | | | | | | | | | | | | | | | | | | |
| | Portfolio Turnover Rate | |
| | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | | | For the Year Ended December 31, 2014 | | | For the Year Ended December 31, 2013(1) | | | For the Year Ended December 31, 2012(1) | | | For the Year Ended December 31, 2011(1) | |
HIMCO VIT American Funds Asset Allocation Fund | | | 5 | % | | | 16 | % | | | 11 | % | | | 29 | % | | | 14 | % | | | 9 | % |
HIMCO VIT American Funds Blue Chip Income and Growth Fund | | | 11 | | | | 18 | | | | 15 | | | | 16 | | | | 23 | | | | 14 | |
HIMCO VIT American Funds Bond Fund | | | 3 | | | | 9 | | | | 6 | | | | 15 | | | | 15 | | | | 15 | |
HIMCO VIT American Funds Global Bond Fund | | | 12 | | | | 5 | | | | 12 | | | | 10 | | | | 8 | | | | 16 | |
HIMCO VIT American Funds Global Growth and Income Fund | | | 1 | | | | 3 | | | | 7 | | | | 4 | | | | 5 | | | | 5 | |
HIMCO VIT American Funds Global Growth Fund | | | 11 | | | | 18 | | | | 15 | | | | 7 | | | | 4 | | | | 11 | |
HIMCO VIT American Funds Global Small Capitalization Fund | | | 10 | | | | 16 | | | | 5 | | | | 11 | | | | 4 | | | | 11 | |
HIMCO VIT American Funds Growth Fund | | | 10 | | | | 22 | | | | 8 | | | | 3 | | | | 4 | | | | 5 | |
HIMCO VIT American Funds Growth-Income Fund | | | 10 | | | | 19 | | | | 8 | | | | 6 | | | | 9 | | | | 5 | |
HIMCO VIT American Funds International Fund | | | 9 | | | | 14 | | | | 6 | | | | 4 | | | | 7 | | | | 9 | |
HIMCO VIT American Funds New World Fund | | | 1 | | | | 11 | | | | 16 | | | | 6 | | | | 8 | | | | 9 | |
(1) | These financial highlights were audited by other auditors. |
|
HIMCO Variable Insurance Trust |
HOW TO OBTAIN A COPY OF THE FUNDS’ PROXY VOTING POLICIES AND 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 information about how the Funds voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Funds file a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
|
HIMCO Variable Insurance Trust |
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of January 1, 2016 through June 30, 2016.
Actual Expenses
The first set of rows of the table below provides information about actual account values and actual expenses. You may use the information in this row, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of rows of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or fees which may be applied at the variable life insurance, variable annuity, or qualified retirement plan product level. Therefore, the second set of rows 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.
| | | | | | | | | | | | | | | | |
Fund Name | | Beginning Account Value 1/1/16 | | | Ending Account Value 6/30/16 | | | Expenses Paid During Period 1/1/16 - 6/30/16(1) | | | Annualized Expense Ratio(2) | |
HIMCO VIT American Funds Asset Allocation Fund | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,044.70 | | | $ | 4.37 | | | | 0.86 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,020.59 | | | $ | 4.32 | | | | 0.86 | % |
HIMCO VIT American Funds Blue Chip Income and Growth Fund | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,097.30 | | | $ | 5.16 | | | | 0.99 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,019.94 | | | $ | 4.97 | | | | 0.99 | % |
HIMCO VIT American Funds Bond Fund | | | | | | | | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | �� | | $ | 1,053.20 | | | $ | 4.75 | | | | 0.93 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,020.24 | | | $ | 4.67 | | | | 0.93 | % |
HIMCO VIT American Funds Global Bond Fund | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,077.90 | | | $ | 5.94 | | | | 1.15 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,019.15 | | | $ | 5.77 | | | | 1.15 | % |
|
HIMCO Variable Insurance Trust |
Expense Example (Unaudited) – (concluded)
| | | | | | | | | | | | | | | | |
Fund Name | | Beginning Account Value 1/1/16 | | | Ending Account Value 6/30/16 | | | Expenses Paid During Period 1/1/16 - 6/30/16(1) | | | Annualized Expense Ratio(2) | |
HIMCO VIT American Funds Global Growth and Income Fund | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,015.20 | | | $ | 5.91 | | | | 1.18 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,019.00 | | | $ | 5.92 | | | | 1.18 | % |
HIMCO VIT American Funds Global Growth Fund | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 963.70 | | | $ | 5.57 | | | | 1.14 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,019.20 | | | $ | 5.72 | | | | 1.14 | % |
HIMCO VIT American Funds Global Small Capitalization Fund | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 958.90 | | | $ | 6.43 | | | | 1.32 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,018.30 | | | $ | 6.62 | | | | 1.32 | % |
HIMCO VIT American Funds Growth Fund | | | | | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,008.10 | | | $ | 4.44 | | | | 0.89 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,020.44 | | | $ | 4.47 | | | | 0.89 | % |
HIMCO VIT American Funds Growth-Income Fund | | | | | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,029.40 | | | $ | 4.19 | | | | 0.83 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,020.74 | | | $ | 4.17 | | | | 0.83 | % |
HIMCO VIT American Funds International Fund | | | | | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 986.40 | | | $ | 5.38 | | | | 1.09 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,019.44 | | | $ | 5.47 | | | | 1.09 | % |
HIMCO VIT American Funds New World Fund | | | | | | | | | | | | | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,020.40 | | | $ | 6.83 | | | | 1.36 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000.00 | | | $ | 1,018.10 | | | $ | 6.82 | | | | 1.36 | % |
(1) | Expenses are equal to the class’s annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 182, the number of days in the most recent fiscal half-year, divided by 366, to reflect the one-half year period. |
(2) | The ratio reflects the expenses of both the Feeder and Master Funds. |
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates
(herein called “we, our and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.
This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.
We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications,
Transactions, and consumer reports.
To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.
As allowed by law, we may share Personal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
to You without providing You with an option to prevent these disclosures.
We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serve You and service our business.
When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint agreement between us and one or more financial institutions.
We, and third parties we partner with, may track some of the pages You visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.
For more information, please see our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, which is available at Online Privacy Policy.
We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
a) “opt-out;” or
b) “opt-in;”
as required by law.
We only disclose Personal Health Information with:
a) your proper written authorization; or
b) as otherwise allowed or required by law.
Our employees have access to Personal Information in the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.
We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.
Some techniques we use to protect Personal Information include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.
We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data;
c) grant access to protected data only to those people who must use it in the performance of their job-related duties.
Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.
At the start of our business relationship, we will give You a copy of our current Privacy Policy.
We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.
We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service.
Personal Financial Information means financial information such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.
Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.
Personal Health Information means health information such as:
a) your medical records; or
b) information about your illness, disability or injury.
Personal Information means information that identifies
You personally and is not otherwise available to the public.
It includes:
a) Personal Financial Information; and
b) Personal Health Information.
Transaction means your business dealings with us, such as:
a) your Application;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.
You means an individual who has given us Personal
Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; DMS R, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC (Delaware); FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Financial Services, LLC; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life, Inc.; Hartford Life International Holding Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; HDC R, LLC .; Heritage Holdings, Inc.; HIMCO Distribution Services Company; HIMCO Variable Insurance Trust; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; ; Lanidex R, LLC (Delaware); MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.
Revised March 2016

This report is prepared for the general information of contract owners and is not an offer of contracts. It should not be used in connection with any offer, except in conjunction with the appropriate product prospectus (which contains all pertinent product information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Fund available for investment thereunder.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
You should carefully consider investment objectives, risks, and charges and expenses of HIMCO Variable Insurance Trust Funds before investing. This and other information can be found in the Fund’s prospectus or summary prospectus, which can be obtained from your investment representative or from www.hvitfunds.com. Please read them carefully before investing.
Hartford Investment Management is an SEC-registered investment adviser. SEC registration does not imply a certain level of skill or training; nor does it imply that the SEC has sponsored, recommended, or otherwise approved of Hartford Investment Management.
Distributor: HIMCO Distribution Services Company, member FINRA, SIPC, a broker-dealer affiliated with Hartford Investment Management. Not FDIC Insured – No Bank Guarantee – May Lose Value

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HIMCO VIT Portfolio Diversifier Fund
Table of Contents
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 product prospectus (which contains all pertinent information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Fund available for investment thereunder.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% | |
| | | Automobiles & Components - 0.2% | |
| 916 | | | BorgWarner, Inc. | | $ | 27,040 | |
| 1,159 | | | Delphi Automotive plc | | | 72,553 | |
| 16,606 | | | Ford Motor Co. | | | 208,738 | |
| 5,960 | | | General Motors Co. | | | 168,668 | |
| 1,123 | | | Goodyear Tire & Rubber Co. (The) | | | 28,816 | |
| 773 | | | Harley-Davidson, Inc. | | | 35,017 | |
| 2,762 | | | Johnson Controls, Inc. | | | 122,246 | |
| | | | | | | | |
| | | | | | | 663,078 | |
| | | | | | | | |
| | | Banks - 1.3% | | | |
| 43,644 | | | Bank of America Corp. | | | 579,156 | |
| 3,485 | | | BB&T Corp. | | | 124,101 | |
| 12,469 | | | Citigroup, Inc. | | | 528,561 | |
| 2,233 | | | Citizens Financial Group, Inc. | | | 44,615 | |
| 754 | | | Comerica, Inc. | | | 31,012 | |
| 3,256 | | | Fifth Third Bancorp | | | 57,273 | |
| 3,417 | | | Huntington Bancshares, Inc. | | | 30,548 | |
| 15,536 | | | JPMorgan Chase & Co. | | | 965,407 | |
| 3,590 | | | KeyCorp | | | 39,670 | |
| 675 | | | M&T Bank Corp. | | | 79,805 | |
| 1,327 | | | People’s United Financial, Inc. | | | 19,454 | |
| 2,126 | | | PNC Financial Services Group, Inc. (The) | | | 173,035 | |
| 5,369 | | | Regions Financial Corp. | | | 45,690 | |
| 2,135 | | | SunTrust Banks, Inc. | | | 87,706 | |
| 6,892 | | | US Bancorp | | | 277,954 | |
| 19,629 | | | Wells Fargo & Co. | | | 929,041 | |
| 868 | | | Zions Bancorp | | | 21,813 | |
| | | | | | | | |
| | | | | | | 4,034,841 | |
| | | | | | | | |
| | | Capital Goods - 1.8% | | | |
| 2,577 | | | 3M Co. | | | 451,284 | |
| 186 | | | Acuity Brands, Inc. | | | 46,121 | |
| 410 | | | Allegion plc | | | 28,466 | |
| 997 | | | AMETEK, Inc. | | | 46,091 | |
| 2,544 | | | Boeing Co. (The) | | | 330,389 | |
| 2,480 | | | Caterpillar, Inc. | | | 188,009 | |
| 673 | | | Cummins, Inc. | | | 75,672 | |
| 2,546 | | | Danaher Corp. | | | 257,146 | |
| 1,269 | | | Deere & Co. | | | 102,840 | |
| 664 | | | Dover Corp. | | | 46,029 | |
| 1,943 | | | Eaton Corp. plc | | | 116,055 | |
| 2,740 | | | Emerson Electric Co. | | | 142,918 | |
| 1,222 | | | Fastenal Co. | | | 54,245 | |
| 559 | | | Flowserve Corp. | | | 25,250 | |
| 591 | | | Fluor Corp. | | | 29,125 | |
| 656 | | | Fortune Brands Home & Security, Inc. | | | 38,028 | |
| 1,220 | | | General Dynamics Corp. | | | 169,873 | |
| 39,071 | | | General Electric Co. | | | 1,229,955 | |
| 3,238 | | | Honeywell International, Inc. | | | 376,644 | |
| 1,373 | | | Illinois Tool Works, Inc. | | | 143,012 | |
| 1,088 | | | Ingersoll-Rand plc | | | 69,284 | |
| 524 | | | Jacobs Engineering Group, Inc.(2) | | | 26,100 | |
| 329 | | | L-3 Communications Holdings, Inc. | | | 48,261 | |
| 1,111 | | | Lockheed Martin Corp. | | | 275,717 | |
| 1,414 | | | Masco Corp. | | | 43,749 | |
| 767 | | | Northrop Grumman Corp. | | | 170,489 | |
| 1,489 | | | PACCAR, Inc. | | | 77,234 | |
| 574 | | | Parker-Hannifin Corp. | | | 62,021 | |
| 772 | | | Pentair plc | | | 45,000 | |
| 639 | | | Quanta Services, Inc.(2) | | | 14,774 | |
| 1,262 | | | Raytheon Co. | | | 171,569 | |
| 550 | | | Rockwell Automation, Inc. | | | 63,151 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Capital Goods - 1.8% - (continued) | | | |
| 555 | | | Rockwell Collins, Inc. | | $ | 47,253 | |
| 428 | | | Roper Technologies, Inc. | | | 73,000 | |
| 248 | | | Snap-on, Inc. | | | 39,139 | |
| 637 | | | Stanley Black & Decker, Inc. | | | 70,847 | |
| 1,149 | | | Textron, Inc. | | | 42,008 | |
| 225 | | | TransDigm Group, Inc.(2) | | | 59,330 | |
| 374 | | | United Rentals, Inc.(2) | | | 25,095 | |
| 3,306 | | | United Technologies Corp. | | | 339,030 | |
| 241 | | | WW Grainger, Inc. | | | 54,767 | |
| 766 | | | Xylem, Inc. | | | 34,202 | |
| | | | | | | | |
| | | | | | | 5,749,172 | |
| | | | | | | | |
| | | Commercial & Professional Services - 0.2% | |
| 366 | | | Cintas Corp. | | | 35,916 | |
| 152 | | | Dun & Bradstreet Corp. (The) | | | 18,520 | |
| 503 | | | Equifax, Inc. | | | 64,585 | |
| 1,539 | | | Nielsen Holdings plc | | | 79,982 | |
| 806 | | | Pitney Bowes, Inc. | | | 14,347 | |
| 1,010 | | | Republic Services, Inc. | | | 51,823 | |
| 568 | | | Robert Half International, Inc. | | | 21,675 | |
| 365 | | | Stericycle, Inc.(2) | | | 38,004 | |
| 1,807 | | | Tyco International plc | | | 76,978 | |
| 656 | | | Verisk Analytics, Inc.(2) | | | 53,188 | |
| 1,754 | | | Waste Management, Inc. | | | 116,237 | |
| | | | | | | | |
| | | | | | | 571,255 | |
| | | | | | | | |
| | | Consumer Durables & Apparel - 0.4% | |
| 1,173 | | | Coach, Inc. | | | 47,788 | |
| 1,403 | | | DR Horton, Inc. | | | 44,167 | |
| 505 | | | Garmin Ltd. | | | 21,422 | |
| 1,603 | | | Hanesbrands, Inc. | | | 40,283 | |
| 304 | | | Harman International Industries, Inc. | | | 21,833 | |
| 473 | | | Hasbro, Inc. | | | 39,727 | |
| 567 | | | Leggett & Platt, Inc. | | | 28,979 | |
| 781 | | | Lennar Corp., Class A | | | 36,004 | |
| 1,436 | | | Mattel, Inc. | | | 44,933 | |
| 755 | | | Michael Kors Holdings Ltd.(2) | | | 37,357 | |
| 273 | | | Mohawk Industries, Inc.(2) | | | 51,805 | |
| 1,947 | | | Newell Brands, Inc. | | | 94,566 | |
| 5,657 | | | NIKE, Inc., Class B | | | 312,266 | |
| 1,358 | | | PulteGroup, Inc. | | | 26,468 | |
| 344 | | | PVH Corp. | | | 32,415 | |
| 242 | | | Ralph Lauren Corp. | | | 21,688 | |
| 770 | | | Under Armour, Inc., Class A(2) | | | 30,900 | |
| 797 | | | Under Armour, Inc., Class C(2) | | | 29,011 | |
| 1,417 | | | VF Corp. | | | 87,131 | |
| 322 | | | Whirlpool Corp. | | | 53,658 | |
| | | | | | | | |
| | | | | | | 1,102,401 | |
| | | | | | | | |
| | | Consumer Services - 0.4% | | | |
| 1,862 | | | Carnival Corp. | | | 82,300 | |
| 124 | | | Chipotle Mexican Grill, Inc.(2) | | | 49,942 | |
| 482 | | | Darden Restaurants, Inc. | | | 30,530 | |
| 953 | | | H&R Block, Inc. | | | 21,919 | |
| 805 | | | Marriott International, Inc., Class A | | | 53,500 | |
| 3,730 | | | McDonald’s Corp. | | | 448,868 | |
| 718 | | | Royal Caribbean Cruises Ltd. | | | 48,214 | |
| 6,224 | | | Starbucks Corp. | | | 355,515 | |
| 715 | | | Starwood Hotels & Resorts Worldwide, Inc. | | | 52,874 | |
| 474 | | | Wyndham Worldwide Corp. | | | 33,763 | |
| 347 | | | Wynn Resorts Ltd. | | | 31,452 | |
| 1,732 | | | Yum! Brands, Inc. | | | 143,618 | |
| | | | | | | | |
| | | | | | | 1,352,495 | |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Diversified Financials - 1.1% | | | |
| 228 | | | Affiliated Managers Group, Inc.(2) | | $ | 32,096 | |
| 3,434 | | | American Express Co. | | | 208,650 | |
| 704 | | | Ameriprise Financial, Inc. | | | 63,254 | |
| 4,581 | | | Bank of New York Mellon Corp. (The) | | | 177,972 | |
| 7,962 | | | Berkshire Hathaway, Inc., Class B(2) | | | 1,152,818 | |
| 535 | | | BlackRock, Inc. | | | 183,253 | |
| 2,174 | | | Capital One Financial Corp. | | | 138,071 | |
| 5,122 | | | Charles Schwab Corp. (The) | | | 129,638 | |
| 1,441 | | | CME Group, Inc. | | | 140,353 | |
| 1,751 | | | Discover Financial Services | | | 93,836 | |
| 1,181 | | | E*TRADE Financial Corp.(2) | | | 27,742 | |
| 1,559 | | | Franklin Resources, Inc. | | | 52,024 | |
| 1,642 | | | Goldman Sachs Group, Inc. (The) | | | 243,968 | |
| 506 | | | Intercontinental Exchange, Inc. | | | 129,516 | |
| 1,763 | | | Invesco Ltd. | | | 45,027 | |
| 436 | | | Legg Mason, Inc. | | | 12,858 | |
| 1,425 | | | Leucadia National Corp. | | | 24,695 | |
| 718 | | | Moody’s Corp. | | | 67,284 | |
| 6,422 | | | Morgan Stanley | | | 166,844 | |
| 493 | | | NASDAQ, Inc. | | | 31,882 | |
| 1,401 | | | Navient Corp. | | | 16,742 | |
| 912 | | | Northern Trust Corp. | | | 60,429 | |
| 1,123 | | | S&P Global, Inc. | | | 120,453 | |
| 1,680 | | | State Street Corp. | | | 90,586 | |
| 3,530 | | | Synchrony Financial(2) | | | 89,238 | |
| 1,051 | | | T Rowe Price Group, Inc. | | | 76,691 | |
| | | | | | | | |
| | | | | | | 3,575,920 | |
| | | | | | | | |
| | | Energy - 1.8% | | | |
| 2,170 | | | Anadarko Petroleum Corp. | | | 115,552 | |
| 1,607 | | | Apache Corp. | | | 89,462 | |
| 1,853 | | | Baker Hughes, Inc. | | | 83,626 | |
| 1,975 | | | Cabot Oil & Gas Corp. | | | 50,836 | |
| 2,482 | | | Chesapeake Energy Corp.(2) | | | 10,623 | |
| 8,007 | | | Chevron Corp. | | | 839,374 | |
| 404 | | | Cimarex Energy Co. | | | 48,205 | |
| 1,688 | | | Columbia Pipeline Group, Inc. | | | 43,027 | |
| 553 | | | Concho Resources, Inc.(2) | | | 65,956 | |
| 5,260 | | | ConocoPhillips | | | 229,336 | |
| 2,227 | | | Devon Energy Corp. | | | 80,729 | |
| 260 | | | Diamond Offshore Drilling, Inc. | | | 6,326 | |
| 2,339 | | | EOG Resources, Inc. | | | 195,119 | |
| 734 | | | EQT Corp. | | | 56,834 | |
| 17,619 | | | Exxon Mobil Corp. | | | 1,651,605 | |
| 950 | | | FMC Technologies, Inc.(2) | | | 25,337 | |
| 3,654 | | | Halliburton Co. | | | 165,490 | |
| 461 | | | Helmerich & Payne, Inc. | | | 30,947 | |
| 1,122 | | | Hess Corp. | | | 67,432 | |
| 7,757 | | | Kinder Morgan, Inc. | | | 145,211 | |
| 3,624 | | | Marathon Oil Corp. | | | 54,396 | |
| 2,257 | | | Marathon Petroleum Corp. | | | 85,676 | |
| 678 | | | Murphy Oil Corp. | | | 21,527 | |
| 1,612 | | | National Oilwell Varco, Inc. | | | 54,244 | |
| 834 | | | Newfield Exploration Co.(2) | | | 36,846 | |
| 1,817 | | | Noble Energy, Inc. | | | 65,176 | |
| 3,247 | | | Occidental Petroleum Corp. | | | 245,343 | |
| 894 | | | ONEOK, Inc. | | | 42,420 | |
| 1,991 | | | Phillips 66 | | | 157,966 | |
| 697 | | | Pioneer Natural Resources Co. | | | 105,393 | |
| 723 | | | Range Resources Corp. | | | 31,190 | |
| 5,904 | | | Schlumberger Ltd. | | | 466,888 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Energy - 1.8% - (continued) | | | |
| 2,001 | | | Southwestern Energy Co.(2) | | $ | 25,173 | |
| 2,916 | | | Spectra Energy Corp. | | | 106,813 | |
| 506 | | | Tesoro Corp. | | | 37,910 | |
| 1,472 | | | Transocean Ltd. | | | 17,502 | |
| 1,992 | | | Valero Energy Corp. | | | 101,592 | |
| 2,892 | | | Williams Cos., Inc. (The) | | | 62,554 | |
| | | | | | | | |
| | | | | | | 5,719,636 | |
| | | | | | | | |
| | | Food & Staples Retailing - 0.6% | | | |
| 1,860 | | | Costco Wholesale Corp. | | | 292,094 | |
| 4,563 | | | CVS Health Corp. | | | 436,862 | |
| 4,052 | | | Kroger Co. (The) | | | 149,073 | |
| 2,223 | | | Sysco Corp. | | | 112,795 | |
| 6,489 | | | Wal-Mart Stores, Inc. | | | 473,827 | |
| 3,672 | | | Walgreens Boots Allliance, Inc. | | | 305,768 | |
| 1,369 | | | Whole Foods Market, Inc. | | | 43,835 | |
| | | | | | | | |
| | | | | | | 1,814,254 | |
| | | | | | | | |
| | | Food, Beverage & Tobacco - 1.5% | | | |
| 8,314 | | | Altria Group, Inc. | | | 573,333 | |
| 2,496 | | | Archer-Daniels-Midland Co. | | | 107,053 | |
| 426 | | | Brown-Forman Corp., Class B | | | 42,498 | |
| 760 | | | Campbell Soup Co. | | | 50,563 | |
| 16,545 | | | Coca-Cola Co. (The) | | | 749,985 | |
| 1,854 | | | ConAgra Foods, Inc. | | | 88,640 | |
| 750 | | | Constellation Brands, Inc., Class A | | | 124,050 | |
| 787 | | | Dr Pepper Snapple Group, Inc. | | | 76,048 | |
| 2,532 | | | General Mills, Inc. | | | 180,582 | |
| 597 | | | Hershey Co. (The) | | | 67,754 | |
| 1,142 | | | Hormel Foods Corp. | | | 41,797 | |
| 507 | | | JM Smucker Co. (The) | | | 77,272 | |
| 1,068 | | | Kellogg Co. | | | 87,202 | |
| 2,532 | | | Kraft Heinz Co. (The) | | | 224,031 | |
| 489 | | | McCormick & Co., Inc. | | | 52,162 | |
| 790 | | | Mead Johnson Nutrition Co. | | | 71,692 | |
| 784 | | | Molson Coors Brewing Co., Class B | | | 79,286 | |
| 6,594 | | | Mondelez International, Inc., Class A | | | 300,093 | |
| 600 | | | Monster Beverage Corp.(2) | | | 96,426 | |
| 6,138 | | | PepsiCo, Inc. | | | 650,260 | |
| 6,592 | | | Philip Morris International, Inc. | | | 670,538 | |
| 3,512 | | | Reynolds American, Inc. | | | 189,402 | |
| 1,277 | | | Tyson Foods, Inc., Class A | | | 85,291 | |
| | | | | | | | |
| | | | | | | 4,685,958 | |
| | | | | | | | |
| | | Health Care Equipment & Services - 1.3% | |
| 6,251 | | | Abbott Laboratories | | | 245,727 | |
| 1,489 | | | Aetna, Inc. | | | 181,852 | |
| 779 | | | AmerisourceBergen Corp. | | | 61,790 | |
| 1,117 | | | Anthem, Inc. | | | 146,707 | |
| 2,343 | | | Baxter International, Inc. | | | 105,951 | |
| 902 | | | Becton Dickinson and Co. | | | 152,970 | |
| 5,760 | | | Boston Scientific Corp.(2) | | | 134,611 | |
| 1,383 | | | Cardinal Health, Inc. | | | 107,888 | |
| 729 | | | Centene Corp.(2) | | | 52,029 | |
| 1,281 | | | Cerner Corp.(2) | | | 75,067 | |
| 1,090 | | | Cigna Corp. | | | 139,509 | |
| 313 | | | CR Bard, Inc. | | | 73,605 | |
| 691 | | | DaVita HealthCare Partners, Inc.(2) | | | 53,428 | |
| 993 | | | DENTSPLY SIRONA, Inc. | | | 61,606 | |
| 899 | | | Edwards Lifesciences Corp.(2) | | | 89,657 | |
| 2,686 | | | Express Scripts Holding Co.(2) | | | 203,599 | |
| 1,279 | | | HCA Holdings, Inc.(2) | | | 98,496 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Health Care Equipment & Services - 1.3% - (continued) | |
| 347 | | | Henry Schein, Inc.(2) | | $ | 61,350 | |
| 1,039 | | | Hologic, Inc.(2) | | | 35,949 | |
| 633 | | | Humana, Inc. | | | 113,864 | |
| 162 | | | Intuitive Surgical, Inc.(2) | | | 107,148 | |
| 433 | | | Laboratory Corp. of America Holdings(2) | | | 56,407 | |
| 956 | | | McKesson Corp. | | | 178,437 | |
| 5,973 | | | Medtronic plc | | | 518,277 | |
| 357 | | | Patterson Cos., Inc. | | | 17,097 | |
| 603 | | | Quest Diagnostics, Inc. | | | 49,090 | |
| 1,212 | | | St Jude Medical, Inc. | | | 94,536 | |
| 1,334 | | | Stryker Corp. | | | 159,853 | |
| 4,040 | | | UnitedHealth Group, Inc. | | | 570,448 | |
| 384 | | | Universal Health Services, Inc., Class B | | | 51,494 | |
| 404 | | | Varian Medical Systems, Inc.(2) | | | 33,221 | |
| 849 | | | Zimmer Biomet Holdings, Inc. | | | 102,203 | |
| | | | | | | | |
| | | | | | | 4,133,866 | |
| | | | | | | | |
| | | Household & Personal Products - 0.5% | |
| 541 | | | Church & Dwight Co., Inc. | | | 55,663 | |
| 549 | | | Clorox Co. (The) | | | 75,976 | |
| 3,798 | | | Colgate-Palmolive Co. | | | 278,014 | |
| 946 | | | Estee Lauder Cos., Inc. (The), Class A | | | 86,105 | |
| 1,531 | | | Kimberly-Clark Corp. | | | 210,482 | |
| 11,310 | | | Procter & Gamble Co. (The) | | | 957,618 | |
| | | | | | | | |
| | | | | | | 1,663,858 | |
| | | | | | | | |
| | | Insurance - 0.7% | | | |
| 1,757 | | | Aflac, Inc. | | | 126,785 | |
| 1,589 | | | Allstate Corp. (The) | | | 111,151 | |
| 4,754 | | | American International Group, Inc. | | | 251,439 | |
| 1,125 | | | Aon plc | | | 122,884 | |
| 754 | | | Arthur J Gallagher & Co. | | | 35,890 | |
| 262 | | | Assurant, Inc. | | | 22,613 | |
| 1,973 | | | Chubb Ltd. | | | 257,891 | |
| 631 | | | Cincinnati Financial Corp. | | | 47,256 | |
| 1,669 | | | Hartford Financial Services Group, Inc. (The)(3) | | | 74,070 | |
| 1,016 | | | Lincoln National Corp. | | | 39,390 | |
| 1,131 | | | Loews Corp. | | | 46,473 | |
| 2,210 | | | Marsh & McLennan Cos., Inc. | | | 151,297 | |
| 4,672 | | | MetLife, Inc. | | | 186,086 | |
| 1,147 | | | Principal Financial Group, Inc. | | | 47,153 | |
| 2,469 | | | Progressive Corp. (The) | | | 82,711 | |
| 1,876 | | | Prudential Financial, Inc. | | | 133,834 | |
| 477 | | | Torchmark Corp. | | | 29,488 | |
| 1,242 | | | Travelers Cos., Inc. (The) | | | 147,848 | |
| 1,017 | | | Unum Group | | | 32,330 | |
| 591 | | | Willis Towers Watson PLC | | | 73,467 | |
| 1,206 | | | XL Group plc | | | 40,172 | |
| | | | | | | | |
| | | | | | | 2,060,228 | |
| | | | | | | | |
| | | Materials - 0.7% | | | |
| 827 | | | Air Products & Chemicals, Inc. | | | 117,467 | |
| 489 | | | Albemarle Corp. | | | 38,783 | |
| 5,589 | | | Alcoa, Inc. | | | 51,810 | |
| 378 | | | Avery Dennison Corp. | | | 28,255 | |
| 748 | | | Ball Corp. | | | 54,073 | |
| 996 | | | CF Industries Holdings, Inc. | | | 24,004 | |
| 4,770 | | | Dow Chemical Co. (The) | | | 237,117 | |
| 636 | | | Eastman Chemical Co. | | | 43,184 | |
| 1,121 | | | Ecolab, Inc. | | | 132,951 | |
| 3,714 | | | EI du Pont de Nemours & Co. | | | 240,667 | |
| 571 | | | FMC Corp. | | | 26,443 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Materials - 0.7% - (continued) | | | |
| 5,295 | | | Freeport-McMoRan, Inc. | | $ | 58,986 | |
| 338 | | | International Flavors & Fragrances, Inc. | | | 42,612 | |
| 1,742 | | | International Paper Co. | | | 73,826 | |
| 1,450 | | | LyondellBasell Industries N.V., Class A | | | 107,909 | |
| 268 | | | Martin Marietta Materials, Inc. | | | 51,456 | |
| 1,855 | | | Monsanto Co. | | | 191,825 | |
| 1,487 | | | Mosaic Co. (The) | | | 38,930 | |
| 2,260 | | | Newmont Mining Corp. | | | 88,411 | |
| 1,351 | | | Nucor Corp. | | | 66,753 | |
| 682 | | | Owens-Illinois, Inc.(2) | | | 12,283 | |
| 1,130 | | | PPG Industries, Inc. | | | 117,689 | |
| 1,214 | | | Praxair, Inc. | | | 136,441 | |
| 843 | | | Sealed Air Corp. | | | 38,753 | |
| 334 | | | Sherwin-Williams Co. (The) | | | 98,086 | |
| 564 | | | Vulcan Materials Co. | | | 67,883 | |
| 1,076 | | | WestRock Co. | | | 41,824 | |
| | | | | | | | |
| | | | | | | 2,228,421 | |
| | | | | | | | |
| | | Media - 0.7% | | | |
| 1,763 | | | CBS Corp., Class B | | | 95,978 | |
| 10,272 | | | Comcast Corp., Class A | | | 669,632 | |
| 638 | | | Discovery Communications, Inc., Class A(2) | | | 16,097 | |
| 1,032 | | | Discovery Communications, Inc., Class C(2) | | | 24,613 | |
| 1,704 | | | Interpublic Group of Cos., Inc. (The) | | | 39,362 | |
| 1,655 | | | News Corp., Class A | | | 18,784 | |
| 437 | | | News Corp., Class B | | | 5,100 | |
| 1,013 | | | Omnicom Group, Inc. | | | 82,549 | |
| 404 | | | Scripps Networks Interactive, Inc., Class A | | | 25,157 | |
| 916 | | | TEGNA, Inc. | | | 21,224 | |
| 3,341 | | | Time Warner, Inc. | | | 245,697 | |
| 4,661 | | | Twenty-First Century Fox, Inc., Class A | | | 126,080 | |
| 1,823 | | | Twenty-First Century Fox, Inc., Class B | | | 49,677 | |
| 1,468 | | | Viacom, Inc., Class B | | | 60,878 | |
| 6,342 | | | Walt Disney Co. (The) | | | 620,374 | |
| | | | | | | | |
| | | | | | | 2,101,202 | |
| | | | | | | | |
| | | Pharmaceuticals, Biotechnology & Life Sciences - 2.3% | |
| 6,873 | | | AbbVie, Inc. | | | 425,507 | |
| 1,388 | | | Agilent Technologies, Inc. | | | 61,572 | |
| 949 | | | Alexion Pharmaceuticals, Inc.(2) | | | 110,805 | |
| 1,681 | | | Allergan plc(2) | | | 388,462 | |
| 3,194 | | | Amgen, Inc. | | | 485,967 | |
| 931 | | | Biogen, Inc.(2) | | | 225,134 | |
| 7,092 | | | Bristol-Myers Squibb Co. | | | 521,617 | |
| 3,292 | | | Celgene Corp.(2) | | | 324,690 | |
| 4,127 | | | Eli Lilly & Co. | | | 325,001 | |
| 868 | | | Endo International plc(2) | | | 13,532 | |
| 5,660 | | | Gilead Sciences, Inc. | | | 472,157 | |
| 628 | | | Illumina, Inc.(2) | | | 88,159 | |
| 11,687 | | | Johnson & Johnson | | | 1,417,633 | |
| 469 | | | Mallinckrodt plc(2) | | | 28,506 | |
| 11,765 | | | Merck & Co., Inc. | | | 677,782 | |
| 1,814 | | | Mylan N.V.(2) | | | 78,437 | |
| 463 | | | PerkinElmer, Inc. | | | 24,271 | |
| 608 | | | Perrigo Co. plc | | | 55,127 | |
| 25,769 | | | Pfizer, Inc. | | | 907,327 | |
| 331 | | | Regeneron Pharmaceuticals, Inc.(2) | | | 115,595 | |
| 1,671 | | | Thermo Fisher Scientific, Inc. | | | 246,907 | |
| 1,051 | | | Vertex Pharmaceuticals, Inc.(2) | | | 90,407 | |
| 343 | | | Waters Corp.(2) | | | 48,243 | |
| 1,934 | | | Zoetis, Inc. | | | 91,788 | |
| | | | | | | | |
| | | | | | | 7,224,626 | |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Real Estate - 0.8% | | | |
| 1,806 | | | American Tower Corp., REIT | | $ | 205,180 | |
| 669 | | | Apartment Investment & Management Co., Class A, REIT | | | 29,543 | |
| 584 | | | AvalonBay Communities, Inc., REIT | | | 105,348 | |
| 655 | | | Boston Properties, Inc., REIT | | | 86,394 | |
| 1,249 | | | CBRE Group, Inc., Class A, REIT(2) | | | 33,074 | |
| 1,430 | | | Crown Castle International Corp., REIT | | | 145,045 | |
| 623 | | | Digital Realty Trust, Inc., REIT | | | 67,901 | |
| 295 | | | Equinix, Inc., REIT | | | 114,380 | |
| 1,557 | | | Equity Residential, REIT | | | 107,246 | |
| 277 | | | Essex Property Trust, Inc., REIT | | | 63,181 | |
| 530 | | | Extra Space Storage, Inc., REIT | | | 49,046 | |
| 302 | | | Federal Realty Investment Trust, REIT | | | 49,996 | |
| 2,466 | | | General Growth Properties, Inc., REIT | | | 73,536 | |
| 1,993 | | | HCP, Inc., REIT | | | 70,512 | |
| 3,183 | | | Host Hotels & Resorts, Inc., REIT | | | 51,596 | |
| 1,012 | | | Iron Mountain, Inc., REIT | | | 40,308 | |
| 1,777 | | | Kimco Realty Corp., REIT | | | 55,762 | |
| 535 | | | Macerich Co. (The), REIT | | | 45,684 | |
| 2,236 | | | Prologis, Inc., REIT | | | 109,653 | |
| 625 | | | Public Storage, REIT | | | 159,744 | |
| 1,092 | | | Realty Income Corp., REIT | | | 75,741 | |
| 1,314 | | | Simon Property Group, Inc., REIT | | | 285,007 | |
| 424 | | | SL Green Realty Corp., REIT | | | 45,143 | |
| 1,139 | | | UDR, Inc., REIT | | | 42,052 | |
| 1,435 | | | Ventas, Inc., REIT | | | 104,497 | |
| 758 | | | Vornado Realty Trust, REIT | | | 75,891 | |
| 1,515 | | | Welltower, Inc., REIT | | | 115,398 | |
| 3,188 | | | Weyerhaeuser Co., REIT | | | 94,907 | |
| | | | | | | | |
| | | | | | | 2,501,765 | |
| | | | | | | | |
| | | Retailing - 1.4% | | | |
| 315 | | | Advance Auto Parts, Inc. | | | 50,913 | |
| 1,644 | | | Amazon.com, Inc.(2) | | | 1,176,479 | |
| 309 | | | AutoNation, Inc.(2) | | | 14,517 | |
| 127 | | | AutoZone, Inc.(2) | | | 100,818 | |
| 654 | | | Bed Bath & Beyond, Inc. | | | 28,266 | |
| 1,186 | | | Best Buy Co., Inc. | | | 36,292 | |
| 826 | | | CarMax, Inc.(2) | | | 40,499 | |
| 1,205 | | | Dollar General Corp. | | | 113,270 | |
| 1,002 | | | Dollar Tree, Inc.(2) | | | 94,428 | |
| 496 | | | Expedia, Inc. | | | 52,725 | |
| 582 | | | Foot Locker, Inc. | | | 31,929 | |
| 952 | | | Gap, Inc. (The) | | | 20,201 | |
| 633 | | | Genuine Parts Co. | | | 64,091 | |
| 5,285 | | | Home Depot, Inc. (The) | | | 674,842 | |
| 780 | | | Kohl’s Corp. | | | 29,578 | |
| 1,074 | | | L Brands, Inc. | | | 72,098 | |
| 1,310 | | | LKQ Corp.(2) | | | 41,527 | |
| 3,764 | | | Lowe’s Cos., Inc. | | | 297,996 | |
| 1,310 | | | Macy’s, Inc. | | | 44,029 | |
| 1,823 | | | Netflix, Inc.(2) | | | 166,768 | |
| 549 | | | Nordstrom, Inc. | | | 20,889 | |
| 411 | | | O’Reilly Automotive, Inc.(2) | | | 111,422 | |
| 211 | | | Priceline Group, Inc. (The)(2) | | | 263,414 | |
| 1,712 | | | Ross Stores, Inc. | | | 97,053 | |
| 334 | | | Signet Jewelers Ltd. | | | 27,525 | |
| 2,752 | | | Staples, Inc. | | | 23,722 | |
| 2,503 | | | Target Corp. | | | 174,759 | |
| 465 | | | Tiffany & Co. | | | 28,198 | |
| 2,808 | | | TJX Cos., Inc. (The) | | | 216,862 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Retailing - 1.4% - (continued) | | | |
| 566 | | | Tractor Supply Co. | | $ | 51,608 | |
| 483 | | | TripAdvisor, Inc.(2) | | | 31,057 | |
| 265 | | | Ulta Salon Cosmetics & Fragrance, Inc.(2) | | | 64,565 | |
| 371 | | | Urban Outfitters, Inc.(2) | | | 10,202 | |
| | | | | | | | |
| | | | | | | 4,272,542 | |
| | | | | | | | |
| | | Semiconductors & Semiconductor Equipment - 0.7% | |
| 1,304 | | | Analog Devices, Inc. | | | 73,859 | |
| 4,624 | | | Applied Materials, Inc. | | | 110,837 | |
| 1,578 | | | Broadcom Ltd. | | | 245,221 | |
| 324 | | | First Solar, Inc.(2) | | | 15,707 | |
| 20,064 | | | Intel Corp. | | | 658,099 | |
| 658 | | | KLA-Tencor Corp. | | | 48,198 | |
| 682 | | | Lam Research Corp. | | | 57,329 | |
| 1,011 | | | Linear Technology Corp. | | | 47,042 | |
| 916 | | | Microchip Technology, Inc. | | | 46,496 | |
| 4,383 | | | Micron Technology, Inc.(2) | | | 60,310 | |
| 2,160 | | | NVIDIA Corp. | | | 101,542 | |
| 538 | | | Qorvo, Inc.(2) | | | 29,730 | |
| 6,241 | | | QUALCOMM, Inc. | | | 334,330 | |
| 811 | | | Skyworks Solutions, Inc. | | | 51,320 | |
| 4,267 | | | Texas Instruments, Inc. | | | 267,328 | |
| 1,082 | | | Xilinx, Inc. | | | 49,913 | |
| | | | | | | | |
| | | | | | | 2,197,261 | |
| | | | | | | | |
| | | Software & Services - 3.0% | | | |
| 2,650 | | | Accenture plc, Class A | | | 300,219 | |
| 2,168 | | | Activision Blizzard, Inc. | | | 85,918 | |
| 2,124 | | | Adobe Systems, Inc.(2) | | | 203,458 | |
| 747 | | | Akamai Technologies, Inc.(2) | | | 41,780 | |
| 251 | | | Alliance Data Systems Corp.(2) | | | 49,176 | |
| 1,248 | | | Alphabet, Inc., Class A(2) | | | 878,005 | |
| 1,255 | | | Alphabet, Inc., Class C(2) | | | 868,586 | |
| 955 | | | Autodesk, Inc.(2) | | | 51,704 | |
| 1,931 | | | Automatic Data Processing, Inc. | | | 177,401 | |
| 1,268 | | | CA, Inc. | | | 41,628 | |
| 661 | | | Citrix Systems, Inc.(2) | | | 52,939 | |
| 2,569 | | | Cognizant Technology Solutions Corp., Class A(2) | | | 147,050 | |
| 589 | | | CSRA, Inc. | | | 13,800 | |
| 4,491 | | | eBay, Inc.(2) | | | 105,134 | |
| 1,281 | | | Electronic Arts, Inc.(2) | | | 97,049 | |
| 9,823 | | | Facebook, Inc., Class A(2) | | | 1,122,572 | |
| 1,178 | | | Fidelity National Information Services, Inc. | | | 86,795 | |
| 943 | | | Fiserv, Inc.(2) | | | 102,532 | |
| 654 | | | Global Payments, Inc. | | | 46,683 | |
| 3,752 | | | International Business Machines Corp. | | | 569,479 | |
| 1,088 | | | Intuit, Inc. | | | 121,432 | |
| 4,124 | | | MasterCard, Inc., Class A | | | 363,159 | |
| 33,399 | | | Microsoft Corp. | | | 1,709,027 | |
| 13,224 | | | Oracle Corp. | | | 541,258 | |
| 1,360 | | | Paychex, Inc. | | | 80,920 | |
| 4,685 | | | PayPal Holdings, Inc.(2) | | | 171,049 | |
| 773 | | | Red Hat, Inc.(2) | | | 56,120 | |
| 2,705 | | | salesforce.com, Inc.(2) | | | 214,804 | |
| 2,615 | | | Symantec Corp. | | | 53,712 | |
| 554 | | | Teradata Corp.(2) | | | 13,889 | |
| 725 | | | Total System Services, Inc. | | | 38,505 | |
| 405 | | | VeriSign, Inc.(2) | | | 35,016 | |
| 8,093 | | | Visa, Inc., Class A | | | 600,258 | |
| 2,080 | | | Western Union Co. (The) | | | 39,894 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Software & Services - 3.0% - (continued) | |
| 4,086 | | | Xerox Corp. | | $ | 38,776 | |
| 3,712 | | | Yahoo!, Inc.(2) | | | 139,423 | |
| | | | | | | | |
| | | | | | | 9,259,150 | |
| | | | | | | | |
| | | Technology Hardware & Equipment - 1.2% | |
| 1,306 | | | Amphenol Corp., Class A | | | 74,873 | |
| 23,274 | | | Apple, Inc. | | | 2,224,994 | |
| 21,376 | | | Cisco Systems, Inc. | | | 613,278 | |
| 4,567 | | | Corning, Inc. | | | 93,532 | |
| 8,299 | | | EMC Corp. | | | 225,484 | |
| 285 | | | F5 Networks, Inc.(2) | | | 32,444 | |
| 591 | | | FLIR Systems, Inc. | | | 18,292 | |
| 532 | | | Harris Corp. | | | 44,390 | |
| 7,061 | | | Hewlett Packard Enterprise Co. | | | 129,005 | |
| 7,240 | | | HP, Inc. | | | 90,862 | |
| 1,488 | | | Juniper Networks, Inc. | | | 33,465 | |
| 670 | | | Motorola Solutions, Inc. | | | 44,200 | |
| 1,220 | | | NetApp, Inc. | | | 30,000 | |
| 1,279 | | | Seagate Technology plc | | | 31,156 | |
| 1,519 | | | TE Connectivity Ltd. | | | 86,750 | |
| 1,194 | | | Western Digital Corp. | | | 56,428 | |
| | | | | | | | |
| | | | | | | 3,829,153 | |
| | | | | | | | |
| | | Telecommunication Services - 0.7% | | | |
| 26,157 | | | AT&T, Inc. | | | 1,130,244 | |
| 2,312 | | | CenturyLink, Inc. | | | 67,071 | |
| 4,994 | | | Frontier Communications Corp. | | | 24,670 | |
| 1,239 | | | Level 3 Communications, Inc.(2) | | | 63,796 | |
| 17,320 | | | Verizon Communications, Inc. | | | 967,149 | |
| | | | | | | | |
| | | | | | | 2,252,930 | |
| | | | | | | | |
| | | Transportation - 0.5% | | | |
| 523 | | | Alaska Air Group, Inc. | | | 30,486 | |
| 2,453 | | | American Airlines Group, Inc. | | | 69,444 | |
| 604 | | | CH Robinson Worldwide, Inc. | | | 44,847 | |
| 4,049 | | | CSX Corp. | | | 105,598 | |
| 3,275 | | | Delta Air Lines, Inc. | | | 119,308 | |
| 781 | | | Expeditors International of Washington, Inc. | | | 38,300 | |
| 1,061 | | | FedEx Corp. | | | 161,039 | |
| 378 | | | JB Hunt Transport Services, Inc. | | | 30,591 | |
| 458 | | | Kansas City Southern | | | 41,261 | |
| 1,253 | | | Norfolk Southern Corp. | | | 106,668 | |
| 222 | | | Ryder System, Inc. | | | 13,573 | |
| 2,722 | | | Southwest Airlines Co. | | | 106,730 | |
| 3,575 | | | Union Pacific Corp. | | | 311,919 | |
| 1,427 | | | United Continental Holdings, Inc.(2) | | | 58,564 | |
| 2,937 | | | United Parcel Service, Inc., Class B | | | 316,374 | |
| | | | | | | | |
| | | | | | | 1,554,702 | |
| | | | | | | | |
| | | Utilities - 0.9% | | | |
| 2,810 | | | AES Corp. | | | 35,069 | |
| 514 | | | AGL Resources, Inc. | | | 33,909 | |
| 990 | | | Alliant Energy Corp. | | | 39,303 | |
| 1,027 | | | Ameren Corp. | | | 55,027 | |
| 2,093 | | | American Electric Power Co., Inc. | | | 146,698 | |
| 757 | | | American Water Works Co., Inc. | | | 63,974 | |
| 1,815 | | | CenterPoint Energy, Inc. | | | 43,560 | |
| 1,191 | | | CMS Energy Corp. | | | 54,619 | |
| 1,291 | | | Consolidated Edison, Inc. | | | 103,848 | |
| 2,620 | | | Dominion Resources, Inc. | | | 204,177 | |
| 759 | | | DTE Energy Co. | | | 75,232 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 24.7% - (continued) | |
| | | Utilities - 0.9% - (continued) | | | |
| 2,928 | | | Duke Energy Corp. | | $ | 251,193 | |
| 1,388 | | | Edison International | | | 107,806 | |
| 755 | | | Entergy Corp. | | | 61,419 | |
| 1,352 | | | Eversource Energy | | | 80,985 | |
| 3,919 | | | Exelon Corp. | | | 142,495 | |
| 1,816 | | | FirstEnergy Corp. | | | 63,396 | |
| 1,960 | | | NextEra Energy, Inc. | | | 255,584 | |
| 1,363 | | | NiSource, Inc. | | | 36,147 | |
| 1,343 | | | NRG Energy, Inc. | | | 20,132 | |
| 2,105 | | | PG&E Corp. | | | 134,552 | |
| 474 | | | Pinnacle West Capital Corp. | | | 38,422 | |
| 2,872 | | | PPL Corp. | | | 108,418 | |
| 2,144 | | | Public Service Enterprise Group, Inc. | | | 99,932 | |
| 604 | | | SCANA Corp. | | | 45,699 | |
| 1,006 | | | Sempra Energy | | | 114,704 | |
| 3,985 | | | Southern Co. (The) | | | 213,715 | |
| 1,006 | | | TECO Energy, Inc. | | | 27,806 | |
| 1,345 | | | WEC Energy Group, Inc. | | | 87,828 | |
| 2,163 | | | Xcel Energy, Inc. | | | 96,859 | |
| | | | | | | | |
| | | | | | | 2,842,508 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks (cost $62,228,834) | | | 77,391,222 | |
| | | | | | | | |
|
EXCHANGE-TRADED FUND - 0.2% | |
| | | Diversified Financial Services - 0.2% | | | |
| 2,746 | | | Vanguard S&P 500 ETF (cost $518,832) | | | 527,836 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds (cost $518,832) | | | 527,836 | |
| | | | | | | | |
|
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.7% | |
| | | | Banc of America Commercial Mortgage Trust | | | | |
| | | | Series 2006-3, Class A4 | | | | |
$ | 3,423 | | | 5.89%, 07/10/2044(4) | | | 3,420 | |
| | | | Series 2006-4, Class AM | | | | |
| 41,342 | | | 5.68%, 07/10/2046 | | | 41,302 | |
| | | | Series 2006-5, Class A4 | | | | |
| 11,724 | | | 5.41%, 09/10/2047 | | | 11,763 | |
| | | | Series 2007-1, Class A4 | | | | |
| 21,071 | | | 5.45%, 01/15/2049 | | | 21,381 | |
| | | | Series 2007-3, Class A4 | | | | |
| 21,592 | | | 5.72%, 06/10/2049(4) | | | 21,947 | |
| | | | Series 2007-4, Class A4 | | | | |
| 6,720 | | | 5.93%, 02/10/2051(4) | | | 6,945 | |
| | | | Series 2007-5, Class A4 | | | | |
| 16,828 | | | 5.49%, 02/10/2051 | | | 17,320 | |
| | | | Bear Stearns Commercial Mortgage Securities Trust | | | | |
| | | | Series 2006-PW14, Class A4 | | | | |
| 50,438 | | | 5.20%, 12/11/2038 | | | 50,734 | |
| | | | Series 2007-PW15, Class A4 | | | | |
| 18,794 | | | 5.33%, 02/11/2044 | | | 19,134 | |
| | | | Series 2007-PW16, Class A4 | | | | |
| 45,086 | | | 5.91%, 06/11/2040(4) | | | 46,056 | |
| | | | Series 2007-PW18, Class A4 | | | | |
| 24,312 | | | 5.70%, 06/11/2050 | | | 25,118 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.7% - (continued) | |
| | | | Chase Issuance Trust, | | | | |
| | | | Series 2013-A1, Class A1 | | | | |
$ | 100,000 | | | 1.30%, 02/18/2020 | | $ | 100,503 | |
| | | | Citibank Credit Card Issuance Trust, Series 2007-A8, Class A8, | | | | |
| 100,000 | | | 5.65%, 09/20/2019 | | | 105,719 | |
| | | | Citigroup Commercial Mortgage Trust | | | | |
| | | | Series 2007-C6, Class A4 | | | | |
| 35,000 | | | 5.90%, 12/10/2049(4) | | | 36,026 | |
| | | | Series 2008-C7, Class A4 | | | | |
| 16,919 | | | 6.35%, 12/10/2049(4) | | | 17,598 | |
| | | | Series 2014-GC23, Class A4 | | | | |
| 50,000 | | | 3.62%, 07/10/2047 | | | 54,527 | |
| | | | Citigroup/Deutsche Bank Commercial Mortgage Trust | | | | |
| | | | Series 2006-CD3, Class A5 | | | | |
| 8,391 | | | 5.62%, 10/15/2048 | | | 8,394 | |
| | | | Series 2007-CD4, Class A4 | | | | |
| 19,052 | | | 5.32%, 12/11/2049 | | | 19,252 | |
| | | | Series 2007-CD5, Class A4 | | | | |
| 24,593 | | | 5.89%, 11/15/2044(4) | | | 25,499 | |
| | | | Cobalt CMBS Commercial Mortgage Trust | | | | |
| | | | Series 2006-C1, Class A4 | | | | |
| 20,933 | | | 5.22%, 08/15/2048 | | | 20,994 | |
| | | | Series 2007-C2, Class A3 | | | | |
| 22,528 | | | 5.48%, 04/15/2047(4) | | | 22,949 | |
| | | | Series 2007-C3, Class A4 | | | | |
| 20,565 | | | 5.96%, 05/15/2046(4) | | | 21,197 | |
| | | | COMM Mortgage Trust | | | | |
| | | | Series 2013-CR9, Class A4, | | | | |
| 35,000 | | | 4.38%, 07/10/2045(4) | | | 39,638 | |
| | | | Series 2014-UBS5, Class A4 | | | | |
| 45,000 | | | 3.84%, 09/10/2047 | | | 49,229 | |
| | | | Series 2014-UBS6, Class A5 | | | | |
| 50,000 | | | 3.64%, 12/10/2047 | | | 54,060 | |
| | | | Series 2015-LC23, Class A4 | | | | |
| 35,000 | | | 3.77%, 10/10/2053 | | | 38,336 | |
| | | | Commercial Mortgage Pass-Through Certificates | | | | |
| | | | Series 2006-C8, Class A4 | | | | |
| 14,829 | | | 5.31%, 12/10/2046 | | | 14,898 | |
| | | | Series 2007-C9, Class A4 | | | | |
| 13,639 | | | 6.01%, 12/10/2049(4) | | | 14,062 | |
| | | | Series 2012-CR2, Class A4 | | | | |
| 30,000 | | | 3.15%, 08/15/2045 | | | 31,935 | |
| | | | Commercial Mortgage Trust | | | | |
| | | | Series 2007-GG11, Class A4 | | | | |
| 19,853 | | | 5.74%, 12/10/2049 | | | 20,616 | |
| | | | Series 2007-GG9, Class A4 | | | | |
| 29,199 | | | 5.44%, 03/10/2039 | | | 29,467 | |
| | | | Series 2013-LC6, Class A4 | | | | |
| 15,000 | | | 2.94%, 01/10/2046 | | | 15,800 | |
| | | | Credit Suisse Commercial Mortgage Trust, Series 2007-C3, Class A4 | | | | |
| 21,777 | | | 5.89%, 06/15/2039(4) | | | 22,154 | |
| | | | CSAIL Commercial Mortgage Trust, Series 2015-C4, Class A4 | | | | |
| 35,000 | | | 3.81%, 11/15/2048 | | | 38,530 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.7% - (continued) | |
| | | | Ford Credit Automotive Owner Trust, Series 2013-A, Class A4, ABS | | | | |
$ | 66,683 | | | 0.78%, 05/15/2018 | | $ | 66,665 | |
| | | | GE Commercial Mortgage Corp., Series 2007-C1, Class A4 | | | | |
| 30,000 | | | 5.54%, 12/10/2049 | | | 30,577 | |
| | | | GS Mortgage Securities Corp. II, Series 2013-GC10, Class A5 | | | | |
| 10,000 | | | 2.94%, 02/10/2046 | | | 10,530 | |
| | | | GS Mortgage Securities Trust | | | | |
| | | | Series 2006-GG8, Class A4 | | | | |
| 11,204 | | | 5.56%, 11/10/2039 | | | 11,234 | |
| | | | Series 2007-GG10, Class A4 | | | | |
| 39,251 | | | 5.99%, 08/10/2045(4) | | | 40,216 | |
| | | | Series 2012-GC6, Class A3 | | | | |
| 20,000 | | | 3.48%, 01/10/2045 | | | 21,591 | |
| | | | Series 2012-GCJ7, Class A4 | | | | |
| 50,000 | | | 3.38%, 05/10/2045 | | | 53,668 | |
| | | | Series 2013-GC12, Class A4 | | | | |
| 40,000 | | | 3.14%, 06/10/2046 | | | 42,558 | |
| | | | Series 2013-GC14, Class A5 | | | | |
| 35,000 | | | 4.24%, 08/10/2046 | | | 39,631 | |
| | | | Series 2013-GC16, Class A4 | | | | |
| 40,000 | | | 4.27%, 11/10/2046 | | | 45,362 | |
| | | | Series 2014-GC18, Class A4 | | | | |
| 40,000 | | | 4.07%, 01/10/2047 | | | 44,692 | |
| | | | Series 2015-GS1, Class A3 | | | | |
| 30,000 | | | 3.73%, 11/10/2048 | | | 33,161 | |
| | | | JP Morgan Chase Commercial Mortgage Securities Trust | | | | |
| | | | Series 2006-LDP9, Class A3 | | | | |
| 22,283 | | | 5.34%, 05/15/2047 | | | 22,480 | |
| | | | Series 2007-CB18, Class A4 | | | | |
| 29,897 | | | 5.44%, 06/12/2047 | | | 30,352 | |
| | | | Series 2007-CB20, Class A4 | | | | |
| 33,578 | | | 5.79%, 02/12/2051(4) | | | 34,862 | |
| | | | Series 2007-LD11, Class A4 | | | | |
| 25,000 | | | 5.93%, 06/15/2049(4) | | | 25,450 | |
| | | | Series 2007-LDPX, Class A3 | | | | |
| 17,956 | | | 5.42%, 01/15/2049 | | | 18,225 | |
| | | | Series 2011-C5, Class A3 | | | | |
| 10,000 | | | 4.17%, 08/15/2046 | | | 10,920 | |
| | | | JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class A4 | | | | |
| 40,000 | | | 3.80%, 09/15/2047 | | | 43,882 | |
| | | | LB-UBS Commercial Mortgage Trust | | | | |
| | | | Series 2006-C6, Class A4 | | | | |
| 7,981 | | | 5.37%, 09/15/2039 | | | 7,987 | |
| | | | Series 2007-C1, Class A4 | | | | |
| 55,780 | | | 5.42%, 02/15/2040 | | | 56,479 | |
| | | | Series 2007-C7, Class A3 | | | | |
| 14,573 | | | 5.87%, 09/15/2045(4) | | | 15,247 | |
| | | | ML-CFC Commercial Mortgage Trust | | | | |
| | | | Series 2006-4, Class A3 | | | | |
| 16,882 | | | 5.17%, 12/12/2049 | | | 16,969 | |
| | | | Series 2007-5, Class A4 | | | | |
| 20,200 | | | 5.38%, 08/12/2048 | | | 20,414 | |
| | | | Series 2007-9, Class A4 | | | | |
| 37,957 | | | 5.70%, 09/12/2049 | | | 39,483 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.7% - (continued) | |
| | | | Morgan Stanley Bank of America Merrill Lynch Trust | | | | |
| | | | Series 2014-C15, Class A4 | | | | |
$ | 40,000 | | | 4.05%, 04/15/2047 | | $ | 44,710 | |
| | | | Series 2014-C16, Class A5 | | | | |
| 50,000 | | | 3.89%, 06/15/2047 | | | 55,359 | |
| | | | Series 2015-C22, Class A4 | | | | |
| 30,000 | | | 3.31%, 04/15/2048 | | | 31,910 | |
| | | | Series 2015-C27, Class A4 | | | | |
| 30,000 | | | 3.75%, 12/15/2047 | | | 32,948 | |
| | | | Morgan Stanley Capital I Trust | | | | |
| | | | Series 2006-IQ12, Class A4 | | | | |
| 23,517 | | | 5.33%, 12/15/2043 | | | 23,578 | |
| | | | Series 2007-IQ14, Class A4 | | | | |
| 25,000 | | | 5.69%, 04/15/2049(4) | | | 25,469 | |
| | | | Series 2007-IQ16, Class A4 | | | | |
| 20,718 | | | 5.81%, 12/12/2049 | | | 21,512 | |
| | | | Wachovia Bank Commercial Mortgage Trust | | | | |
| | | | Series 2006-C28, Class A4 | | | | |
| 29,361 | | | 5.57%, 10/15/2048 | | | 29,351 | |
| | | | Series 2006-C29, Class A4 | | | | |
| 16,599 | | | 5.31%, 11/15/2048 | | | 16,670 | |
| | | | Series 2007-C30, Class A5 | | | | |
| 25,000 | | | 5.34%, 12/15/2043 | | | 25,398 | |
| | | | Series 2007-C31, Class A4 | | | | |
| 20,574 | | | 5.51%, 04/15/2047 | | | 20,871 | |
| | | | Series 2007-C32, Class A3 | | | | |
| 25,000 | | | 5.89%, 06/15/2049(4) | | | 25,765 | |
| | | | Series 2007-C34, Class A3 | | | | |
| 23,796 | | | 5.68%, 05/15/2046 | | | 24,504 | |
| | | | WF-RBS Commercial Mortgage Trust, Series 2012-C10, Class A3 | | | | |
| 40,000 | | | 2.88%, 12/15/2045 | | | 41,926 | |
| | | | | | | | |
| | |
| | | | Total Asset & Commercial Mortgage Backed Securities (cost $2,292,491) | | | 2,269,109 | |
| | | | | | | | |
|
CORPORATE BONDS - 11.9% | |
| | | Advertising - 0.0% | | | |
| | | | Omnicom Group, Inc. | | | | |
| 40,000 | | | 3.63%, 05/01/2022 | | | 42,500 | |
| | | | | | | | |
| | | Aerospace/Defense - 0.2% | | | |
| | | | Boeing Co. (The) | | | | |
| 100,000 | | | 4.88%, 02/15/2020 | | | 112,439 | |
| | | | General Dynamics Corp. | | | | |
| 15,000 | | | 3.88%, 07/15/2021 | | | 16,514 | |
| | | | Lockheed Martin Corp. | | | | |
| 140,000 | | | 4.25%, 11/15/2019 | | | 153,263 | |
| 75,000 | | | 4.85%, 09/15/2041 | | | 87,600 | |
| | | | Northrop Grumman Corp. | | | | |
| 40,000 | | | 4.75%, 06/01/2043 | | | 47,718 | |
| 20,000 | | | 5.05%, 08/01/2019 | | | 22,131 | |
| | | | Raytheon Co. | | | | |
| 95,000 | | | 3.13%, 10/15/2020 | | | 101,834 | |
| | | | United Technologies Corp. | | | | |
| 65,000 | | | 4.50%, 04/15/2020 | | | 72,436 | |
| 75,000 | | | 4.50%, 06/01/2042 | | | 85,898 | |
| | | | | | | | |
| | | | | | | 699,833 | |
| | | | | | | | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | | Agriculture - 0.2% | | | | |
| | | | Altria Group, Inc. | | | | |
$ | 140,000 | | | 4.75%, 05/05/2021 | | $ | 159,688 | |
| | | | Archer-Daniels-Midland Co. | | | | |
| 33,000 | | | 4.02%, 04/16/2043 | | | 35,322 | |
| | | | Philip Morris International, Inc. | | | | |
| 105,000 | | | 4.50%, 03/26/2020 | | | 117,122 | |
| 75,000 | | | 4.50%, 03/20/2042 | | | 84,416 | |
| | | | Reynolds American, Inc. | | | | |
| 90,000 | | | 4.45%, 06/12/2025 | | | 100,794 | |
| | | | | | | | |
| | | | | | | 497,342 | |
| | | | | | | | |
| | | | Auto Manufacturers - 0.2% | | | | |
| | | | Daimler Finance North America LLC | | | | |
| 18,000 | | | 8.50%, 01/18/2031 | | | 29,242 | |
| | | | Ford Motor Co. | | | | |
| 130,000 | | | 7.45%, 07/16/2031 | | | 174,312 | |
| | | | General Motors Co. | | | | |
| 100,000 | | | 3.50%, 10/02/2018 | | | 102,957 | |
| 90,000 | | | 6.25%, 10/02/2043 | | | 99,977 | |
| | | | Toyota Motor Credit Corp. MTN | | | | |
| 70,000 | | | 2.00%, 10/24/2018 | | | 71,360 | |
| 90,000 | | | 3.40%, 09/15/2021 | | | 97,962 | |
| | | | | | | | |
| | | | | | | 575,810 | |
| | | | | | | | |
| | | | Auto Parts&Equipment - 0.0% | | | | |
| | | | Johnson Controls, Inc. | | | | |
| 100,000 | | | 5.00%, 03/30/2020 | | | 109,419 | |
| | | | | | | | |
| | | Beverages - 0.3% | | | |
| | | | Anheuser-Busch InBev Finance, Inc. | | | | |
| 345,000 | | | 3.65%, 02/01/2026 | | | 369,580 | |
| | | | Anheuser-Busch InBev Worldwide, Inc. | | | | |
| 95,000 | | | 3.75%, 07/15/2042 | | | 95,055 | |
| 125,000 | | | 5.38%, 01/15/2020 | | | 140,320 | |
| | | | Coca-Cola Co. (The) | | | | |
| 60,000 | | | 1.65%, 03/14/2018 | | | 60,807 | |
| 100,000 | | | 3.15%, 11/15/2020 | | | 107,534 | |
| | | | Diageo Capital plc | | | | |
| 25,000 | | | 3.88%, 04/29/2043 | | | 26,220 | |
| | | | PepsiCo, Inc. | | | | |
| 60,000 | | | 3.13%, 11/01/2020 | | | 64,156 | |
| 65,000 | | | 5.50%, 01/15/2040 | | | 83,552 | |
| | | | | | | | |
| | | | | | | 947,224 | |
| | | | | | | | |
| | | Biotechnology - 0.2% | | | |
| | | | Amgen, Inc. | | | | |
| 105,000 | | | 3.88%, 11/15/2021 | | | 114,488 | |
| 25,000 | | | 4.40%, 05/01/2045 | | | 25,972 | |
| 68,000 | | | 4.66%, 06/15/2051(5) | | | 71,047 | |
| | | | Celgene Corp. | | | | |
| 160,000 | | | 3.25%, 08/15/2022 | | | 165,256 | |
| | | | Gilead Sciences, Inc. | | | | |
| 230,000 | | | 3.70%, 04/01/2024 | | | 249,059 | |
| 20,000 | | | 4.40%, 12/01/2021 | | | 22,582 | |
| 15,000 | | | 4.80%, 04/01/2044 | | | 16,875 | |
| | | | | | | | |
| | | | | | | 665,279 | |
| | | | | | | | |
| | | Chemicals - 0.2% | | | |
| | | | CF Industries, Inc. | | | | |
| 50,000 | | | 4.95%, 06/01/2043 | | | 45,977 | |
| | | | Dow Chemical Co. (The) | | | | |
| 200,000 | | | 4.13%, 11/15/2021 | | | 219,416 | |
| 25,000 | | | 4.38%, 11/15/2042 | | | 25,528 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Chemicals - 0.2% - (continued) | | | |
| | | | Eastman Chemical Co. | | | | |
$ | 90,000 | | | 3.80%, 03/15/2025 | | $ | 95,119 | |
| | | | Ecolab, Inc. | | | | |
| 45,000 | | | 4.35%, 12/08/2021 | | | 50,943 | |
| | | | EI du Pont de Nemours & Co. | | | | |
| 20,000 | | | 5.60%, 12/15/2036 | | | 23,939 | |
| | | | LYB International Finance BV | | | | |
| 50,000 | | | 4.00%, 07/15/2023 | | | 53,534 | |
| 30,000 | | | 4.88%, 03/15/2044 | | | 31,721 | |
| | | | Monsanto Co. | | | | |
| 25,000 | | | 4.40%, 07/15/2044 | | | 24,514 | |
| | | | Potash Corp. of Saskatchewan, Inc. | | | | |
| 35,000 | | | 6.50%, 05/15/2019 | | | 39,557 | |
| | | | PPG Industries, Inc. | | | | |
| 20,000 | | | 3.60%, 11/15/2020 | | | 21,029 | |
| | | | Praxair, Inc. | | | | |
| 55,000 | | | 2.45%, 02/15/2022 | | | 57,156 | |
| | | | | | | | |
| | | | | | | 688,433 | |
| | | | | | | | |
| | | Commercial Banks - 2.4% | | | |
| | | | Bank of America Corp. | | | | |
| 180,000 | | | 3.30%, 01/11/2023 | | | 185,247 | |
| 445,000 | | | 5.00%, 05/13/2021 | | | 498,257 | |
| 50,000 | | | 5.88%, 02/07/2042 | | | 63,113 | |
| | | | Bank of Montreal | | | | |
| 150,000 | | | 1.45%, 04/09/2018 | | | 150,715 | |
| | | | Bank of New York Mellon Corp. (The) | | | | |
| 150,000 | | | 3.55%, 09/23/2021 | | | 162,403 | |
| | | | Bank of Nova Scotia | | | | |
| 95,000 | | | 4.38%, 01/13/2021 | | | 105,037 | |
| | | | Barclays PLC | | | | |
| 270,000 | | | 2.88%, 06/08/2020 | | | 266,066 | |
| | | | BB&T Corp. | | | | |
| 130,000 | | | 5.25%, 11/01/2019 | | | 144,049 | |
| | | | Capital One Financial Corp. | | | | |
| 140,000 | | | 4.75%, 07/15/2021 | | | 155,839 | |
| | | | Citigroup, Inc. | | | | |
| 310,000 | | | 2.65%, 10/26/2020 | | | 315,463 | |
| 165,000 | | | 6.63%, 06/15/2032 | | | 202,054 | |
| | | | Cooperatieve Rabobank UA | | | | |
| 195,000 | | | 4.50%, 01/11/2021 | | | 216,658 | |
| 25,000 | | | 5.25%, 05/24/2041 | | | 31,103 | |
| | | | Credit Suisse | | | | |
| 350,000 | | | 5.30%, 08/13/2019 | | | 386,300 | |
| | | | Deutsche Bank AG | | | | |
| 70,000 | | | 3.70%, 05/30/2024 | | | 69,584 | |
| | | | Fifth Third Bancorp | | | | |
| 100,000 | | | 3.50%, 03/15/2022 | | | 105,902 | |
| | | | Goldman Sachs Group, Inc. (The) | | | | |
| 335,000 | | | 3.85%, 07/08/2024 | | | 355,204 | |
| 99,000 | | | 6.25%, 02/01/2041 | | | 128,116 | |
| | | | HSBC Holdings plc | | | | |
| 490,000 | | | 5.10%, 04/05/2021 | | | 540,668 | |
| | | | HSBC USA, Inc. | | | | |
| 110,000 | | | 3.50%, 06/23/2024 | | | 112,998 | |
| | | | JPMorgan Chase & Co. | | | | |
| 755,000 | | | 4.95%, 03/25/2020 | | | 834,565 | |
| 90,000 | | | 5.50%, 10/15/2040 | | | 112,658 | |
| 80,000 | | | 6.00%, 01/15/2018 | | | 85,558 | |
| 155,000 | | | 6.30%, 04/23/2019 | | | 174,238 | |
| | | | Landwirtschaftliche Rentenbank | | | | |
| 160,000 | | | 1.88%, 09/17/2018 | | | 163,556 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Commercial Banks - 2.4% - (continued) | |
| | | | Morgan Stanley | | | | |
$ | 575,000 | | | 5.50%, 07/28/2021 | | $ | 656,578 | |
| | | | PNC Funding Corp. | | | | |
| 70,000 | | | 3.30%, 03/08/2022 | | | 74,445 | |
| 150,000 | | | 5.13%, 02/08/2020 | | | 167,819 | |
| | | | State Street Corp. | | | | |
| 80,000 | | | 4.38%, 03/07/2021 | | | 89,019 | |
| | | | Sumitomo Mitsui Financial Group, Inc. | | | | |
| 150,000 | | | 2.93%, 03/09/2021 | | | 156,341 | |
| | | | US Bancorp | | | | |
| 180,000 | | | 4.13%, 05/24/2021 | | | 200,461 | |
| | | | Wells Fargo & Co. | | | | |
| 200,000 | | | 3.50%, 03/08/2022 | | | 214,530 | |
| 270,000 | | | 4.60%, 04/01/2021 | | | 301,715 | |
| 130,000 | | | 5.61%, 01/15/2044 | | | 155,512 | |
| | | | | | | | |
| | | | | | | 7,581,771 | |
| | | | | | | | |
| | | Commercial Services - 0.0% | | | |
| | | | Princeton University | | | | |
| 75,000 | | | 4.95%, 03/01/2019 | | | 82,506 | |
| | | | | | | | |
| | | Diversified Financial Services - 0.4% | | | |
| | | | American Express Co. | | | | |
| 148,000 | | | 2.65%, 12/02/2022 | | | 149,935 | |
| | | | BlackRock, Inc. | | | | |
| 105,000 | | | 5.00%, 12/10/2019 | | | 117,594 | |
| | | | Diamond 1 Finance Corp./Diamond 2 Finance Corp. | | | | |
| 190,000 | | | 5.45%, 06/15/2023(5) | | | 197,139 | |
| | | | Ford Motor Credit Co. LLC | | | | |
| 130,000 | | | 6.63%, 08/15/2017 | | | 137,219 | |
| | | | GE Capital International Funding Co. | | | | |
| 248,000 | | | 2.34%, 11/15/2020(5) | | | 255,480 | |
| | | | General Electric Capital Corp. | | | | |
| 90,000 | | | 5.88%, 01/14/2038 | | | 121,722 | |
| | | | HSBC Finance Corp. | | | | |
| 80,000 | | | 6.68%, 01/15/2021 | | | 89,640 | |
| | | | National Rural Utilities Cooperative Finance Corp. | | | | |
| 110,000 | | | 3.05%, 02/15/2022 | | | 116,190 | |
| | | | | | | | |
| | | | | | | 1,184,919 | |
| | | | | | | | |
| | | Electric - 0.7% | | | |
| | | | Alabama Power Co. | | | | |
| 40,000 | | | 6.00%, 03/01/2039 | | | 53,034 | |
| | | | Berkshire Hathaway Energy Co. | | | | |
| 100,000 | | | 6.13%, 04/01/2036 | | | 132,603 | |
| | | | CenterPoint Energy Houston Electric LLC | | | | |
| 15,000 | | | 3.55%, 08/01/2042 | | | 15,206 | |
| | | | CMS Energy Corp. | | | | |
| 60,000 | | | 5.05%, 03/15/2022 | | | 68,594 | |
| | | | Consolidated Edison Co. of New York, Inc. | | | | |
| 80,000 | | | 3.95%, 03/01/2043 | | | 84,023 | |
| 40,000 | | | 6.65%, 04/01/2019 | | | 45,664 | |
| | | | Dominion Resources, Inc. | | | | |
| 140,000 | | | 4.45%, 03/15/2021 | | | 154,661 | |
| | | | Series C | | | | |
| 45,000 | | | 4.90%, 08/01/2041 | | | 49,413 | |
| | | | Duke Energy Carolinas LLC | | | | |
| 90,000 | | | 4.00%, 09/30/2042 | | | 96,927 | |
| 35,000 | | | 5.30%, 02/15/2040 | | | 44,722 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Electric - 0.7% - (continued) | | | |
| | | | Exelon Generation Co. LLC | | | | |
$ | 75,000 | | | 4.00%, 10/01/2020 | | $ | 80,001 | |
| 85,000 | | | 6.25%, 10/01/2039 | | | 93,368 | |
| | | | Florida Power & Light Co. | | | | |
| 85,000 | | | 5.69%, 03/01/2040 | | | 115,161 | |
| | | | Georgia Power Co. | | | | |
| 100,000 | | | 2.85%, 05/15/2022 | | | 104,973 | |
| | | | Indiana Michigan Power Co. | | | | |
| 25,000 | | | 6.05%, 03/15/2037 | | | 30,966 | |
| | | | Kentucky Utilities Co. | | | | |
| 70,000 | | | 5.13%, 11/01/2040 | | | 87,766 | |
| | | | Nevada Power Co., Series R | | | | |
| 55,000 | | | 6.75%, 07/01/2037 | | | 76,023 | |
| | | | NiSource Finance Corp. | | | | |
| 40,000 | | | 5.25%, 02/15/2043 | | | 48,053 | |
| | | | Northern States Power Co. | | | | |
| 60,000 | | | 3.40%, 08/15/2042 | | | 60,895 | |
| | | | Ohio Power Co., Series M | | | | |
| 75,000 | | | 5.38%, 10/01/2021 | | | 87,079 | |
| | | | Oncor Electric Delivery Co. LLC | | | | |
| 95,000 | | | 7.00%, 09/01/2022 | | | 120,977 | |
| | | | Pacific Gas & Electric Co. | | | | |
| 135,000 | | | 6.05%, 03/01/2034 | | | 179,868 | |
| | | | Progress Energy, Inc. | | | | |
| 130,000 | | | 4.40%, 01/15/2021 | | | 142,219 | |
| | | | PSEG Power LLC | | | | |
| 25,000 | | | 5.13%, 04/15/2020 | | | 27,190 | |
| | | | Public Service Electric & Gas Co. | | | | |
| 25,000 | | | 3.95%, 05/01/2042 | | | 27,547 | |
| | | | San Diego Gas & Electric Co. | | | | |
| 32,000 | | | 4.50%, 08/15/2040 | | | 37,453 | |
| | | | South Carolina Electric & Gas Co. | | | | |
| 40,000 | | | 6.05%, 01/15/2038 | | | 51,530 | |
| | | | Southern California Edison Co. | | | | |
| 75,000 | | | 4.50%, 09/01/2040 | | | 86,886 | |
| | | | Xcel Energy, Inc. | | | | |
| 65,000 | | | 4.70%, 05/15/2020 | | | 71,841 | |
| | | | | | | | |
| | | | | | | 2,274,643 | |
| | | | | | | | |
| | | Electrical Components & Equipment - 0.0% | |
| | | | Emerson Electric Co. | | | | |
| 70,000 | | | 4.88%, 10/15/2019 | | | 78,059 | |
| | | | | | | | |
| | | Electronics - 0.1% | | | |
| | | | Honeywell International, Inc. | | | | |
| 80,000 | | | 4.25%, 03/01/2021 | | | 89,752 | |
| 20,000 | | | 5.70%, 03/15/2037 | | | 26,581 | |
| | | | Koninklijke Philips N.V. | | | | |
| 18,000 | | | 6.88%, 03/11/2038 | | | 23,412 | |
| | | | Thermo Fisher Scientific, Inc. | | | | |
| 40,000 | | | 4.15%, 02/01/2024 | | | 43,656 | |
| | | | | | | | |
| | | | | | | 183,401 | |
| | | | | | | | |
| | | Environmental Control - 0.1% | | | |
| | | | Republic Services, Inc. | | | | |
| 95,000 | | | 5.00%, 03/01/2020 | | | 105,241 | |
| | | | Waste Management, Inc. | | | | |
| 105,000 | | | 4.75%, 06/30/2020 | | | 117,616 | |
| | | | | | | | |
| | | | | | | 222,857 | |
| | | | | | | | |
| | | Food - 0.3% | | | |
| | | | ConAgra Foods, Inc. | | | | |
| 7,000 | | | 7.00%, 04/15/2019 | | | 7,912 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Food - 0.3% - (continued) | | | |
| | | | General Mills, Inc. | | | | |
$ | 80,000 | | | 5.65%, 02/15/2019 | | $ | 88,920 | |
| | | | JM Smucker Co. (The) | | | | |
| 70,000 | | | 3.50%, 03/15/2025 | | | 75,590 | |
| | | | Kellogg Co. | | | | |
| 45,000 | | | 4.00%, 12/15/2020 | | | 49,322 | |
| | | | Kraft Foods Group, Inc. | | | | |
| 183,000 | | | 5.38%, 02/10/2020 | | | 206,170 | |
| | | | Kraft Heinz Foods Co. | | | | |
| 75,000 | | | 5.00%, 06/04/2042 | | | 86,228 | |
| | | | Kroger Co. (The) | | | | |
| 70,000 | | | 6.80%, 12/15/2018 | | | 78,770 | |
| 40,000 | | | 7.50%, 04/01/2031 | | | 55,949 | |
| | | | Mondelez International, Inc. | | | | |
| 80,000 | | | 4.00%, 02/01/2024 | | | 87,493 | |
| | | | Tyson Foods, Inc. | | | | |
| 50,000 | | | 3.95%, 08/15/2024 | | | 53,972 | |
| | | | Unilever Capital Corp. | | | | |
| 20,000 | | | 5.90%, 11/15/2032 | | | 28,070 | |
| | | | | | | | |
| | | | | | | 818,396 | |
| | | | | | | | |
| | | Forest Products&Paper - 0.0% | | | |
| | | | Georgia-Pacific LLC | | | | |
| 10,000 | | | 7.75%, 11/15/2029 | | | 14,484 | |
| | | | International Paper Co. | | | | |
| 100,000 | | | 3.80%, 01/15/2026 | | | 104,944 | |
| | | | | | | | |
| | | | | | | 119,428 | |
| | | | | | | | |
| | | Gas - 0.0% | | | |
| | | | Atmos Energy Corp. | | | | |
| 8,000 | | | 5.50%, 06/15/2041 | | | 10,187 | |
| | | | Sempra Energy | | | | |
| 65,000 | | | 6.00%, 10/15/2039 | | | 81,525 | |
| | | | | | | | |
| | | | | | | 91,712 | |
| | | | | | | | |
| | | Healthcare-Products - 0.2% | | | |
| | | | Becton Dickinson and Co. | | | | |
| 75,000 | | | 4.69%, 12/15/2044 | | | 84,493 | |
| | | | Boston Scientific Corp. | | | | |
| 70,000 | | | 6.00%, 01/15/2020 | | | 79,687 | |
| | | | Covidien International Finance S.A. | | | | |
| 45,000 | | | 3.20%, 06/15/2022 | | | 48,016 | |
| 25,000 | | | 6.00%, 10/15/2017 | | | 26,579 | |
| | | | Medtronic, Inc. | | | | |
| 305,000 | | | 3.50%, 03/15/2025 | | | 332,488 | |
| | | | Zimmer Biomet Holdings, Inc. | | | | |
| 60,000 | | | 3.55%, 04/01/2025 | | | 61,842 | |
| | | | | | | | |
| | | | | | | 633,105 | |
| | | | | | | | |
| | | Healthcare-Services - 0.2% | | | |
| | | | Aetna, Inc. | | | | |
| 165,000 | | | 3.95%, 09/01/2020 | | | 177,095 | |
| | | | Anthem, Inc. | | | | |
| 90,000 | | | 4.65%, 01/15/2043 | | | 93,926 | |
| | | | Cigna Corp. | | | | |
| 50,000 | | | 4.00%, 02/15/2022 | | | 53,856 | |
| 10,000 | | | 5.38%, 02/15/2042 | | | 11,836 | |
| | | | Quest Diagnostics, Inc. | | | | |
| 40,000 | | | 4.70%, 04/01/2021 | | | 44,013 | |
| | | | UnitedHealth Group, Inc. | | | | |
| 125,000 | | | 6.88%, 02/15/2038 | | | 182,407 | |
| | | | | | | | |
| | | | | | | 563,133 | |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Household Products - 0.1% | | | |
| | | | Colgate-Palmolive Co. | | | | |
$ | 90,000 | | | 2.30%, 05/03/2022 | | $ | 93,288 | |
| | | | Procter & Gamble Co. (The) | | | | |
| 115,000 | | | 4.70%, 02/15/2019 | | | 126,051 | |
| 20,000 | | | 5.55%, 03/05/2037 | | | 27,714 | |
| | | | | | | | |
| | | | | | | 247,053 | |
| | | | | | | | |
| | | Household Products/Wares - 0.0% | | | |
| | | | Kimberly-Clark Corp. | | | | |
| 12,000 | | | 5.30%, 03/01/2041 | | | 16,052 | |
| 90,000 | | | 6.13%, 08/01/2017 | | | 95,062 | �� |
| | | | | | | | |
| | | | | | | 111,114 | |
| | | | | | | | |
| | | Insurance - 0.5% | | | |
| | | | ACE INA Holdings, Inc. | | | | |
| 75,000 | | | 2.88%, 11/03/2022 | | | 78,453 | |
| | | | Allstate Corp. (The) | | | | |
| 45,000 | | | 5.55%, 05/09/2035 | | | 57,094 | |
| | | | American International Group, Inc. | | | | |
| 90,000 | | | 4.50%, 07/16/2044 | | | 87,070 | |
| | | | Aon Corp. | | | | |
| 20,000 | | | 5.00%, 09/30/2020 | | | 22,338 | |
| | | | Aon plc | | | | |
| 30,000 | | | 4.75%, 05/15/2045 | | | 32,181 | |
| | | | Berkshire Hathaway Finance Corp. | | | | |
| 225,000 | | | 5.40%, 05/15/2018 | | | 243,352 | |
| | | | Berkshire Hathaway, Inc. | | | | |
| 75,000 | | | 4.50%, 02/11/2043 | | | 85,704 | |
| | | | Chubb Corp. (The) | | | | |
| 90,000 | | | 5.75%, 05/15/2018 | | | 97,634 | |
| | | | Chubb INA Holdings, Inc. | | | | |
| 115,000 | | | 2.70%, 03/13/2023 | | | 118,181 | |
| | | | Lincoln National Corp. | | | | |
| 60,000 | | | 4.00%, 09/01/2023 | | | 62,378 | |
| | | | Marsh & McLennan Cos., Inc. | | | | |
| 35,000 | | | 4.80%, 07/15/2021 | | | 38,811 | |
| | | | MetLife, Inc. | | | | |
| 90,000 | | | 5.70%, 06/15/2035 | | | 108,759 | |
| 120,000 | | | 7.72%, 02/15/2019 | | | 139,182 | |
| | | | Principal Financial Group, Inc. | | | | |
| 70,000 | | | 3.30%, 09/15/2022 | | | 72,691 | |
| | | | Prudential Financial, Inc. | | | | |
| 145,000 | | | 5.38%, 06/21/2020 | | | 163,469 | |
| 45,000 | | | 5.80%, 11/16/2041 | | | 54,125 | |
| | | | Travelers Cos., Inc. (The) | | | | |
| 30,000 | | | 4.60%, 08/01/2043 | | | 35,858 | |
| | | | | | | | |
| | | | | | | 1,497,280 | |
| | | | | | | | |
| | | Iron/Steel - 0.0% | | | |
| | | | Vale Overseas Ltd. | | | | |
| 90,000 | | | 6.88%, 11/10/2039 | | | 81,927 | |
| | | | | | | | |
| | | IT Services - 0.3% | | | |
| | | | Apple, Inc. | | | | |
| 445,000 | | | 2.40%, 05/03/2023 | | | 453,166 | |
| 45,000 | | | 3.45%, 02/09/2045 | | | 42,285 | |
| | | | EMC Corp. | | | | |
| 30,000 | | | 2.65%, 06/01/2020 | | | 28,636 | |
| | | | Hewlett Packard Enterprise Co. | | | | |
| 170,000 | | | 4.40%, 10/15/2022(5) | | | 181,928 | |
| | | | HP, Inc. | | | | |
| 45,000 | | | 4.30%, 06/01/2021 | | | 47,789 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | IT Services - 0.3% - (continued) | | | |
| | | | International Business Machines Corp. | | | | |
$ | 105,000 | | | 5.60%, 11/30/2039 | | $ | 133,116 | |
| | | | | | | | |
| | | | | | | 886,920 | |
| | | | | | | | |
| | | Machinery-Construction & Mining - 0.1% | |
| | | | Caterpillar, Inc. | | | | |
| 20,000 | | | 3.80%, 08/15/2042 | | | 20,380 | |
| 185,000 | | | 3.90%, 05/27/2021 | | | 203,571 | |
| | | | | | | | |
| | | | | | | 223,951 | |
| | | | | | | | |
| | | Machinery-Diversified - 0.1% | | | |
| | | | Deere & Co. | | | | |
| 30,000 | | | 3.90%, 06/09/2042 | | | 32,029 | |
| | | | John Deere Capital Corp. | | | | |
| 165,000 | | | 2.80%, 09/18/2017 | | | 168,652 | |
| | | | | | | | |
| | | | | | | 200,681 | |
| | | | | | | | |
| | | Media - 0.5% | | | |
| | | | 21st Century Fox America, Inc. | | | | |
| 131,000 | | | 6.40%, 12/15/2035 | | | 166,333 | |
| | | | CBS Corp. | | | | |
| 90,000 | | | 3.70%, 08/15/2024 | | | 93,988 | |
| | | | Comcast Corp. | | | | |
| 90,000 | | | 4.65%, 07/15/2042 | | | 103,277 | |
| 305,000 | | | 5.15%, 03/01/2020 | | | 344,666 | |
| 55,000 | | | 7.05%, 03/15/2033 | | | 77,023 | |
| | | | Discovery Communications LLC | | | | |
| 30,000 | | | 4.88%, 04/01/2043 | | | 27,064 | |
| 20,000 | | | 5.05%, 06/01/2020 | | | 22,056 | |
| | | | Time Warner Cable, Inc. | | | | |
| 245,000 | | | 4.00%, 09/01/2021 | | | 260,428 | |
| 65,000 | | | 6.75%, 07/01/2018 | | | 71,275 | |
| | | | Time Warner, Inc. | | | | |
| 160,000 | | | 6.50%, 11/15/2036 | | | 202,903 | |
| | | | Viacom, Inc. | | | | |
| 68,000 | | | 4.38%, 03/15/2043 | | | 54,928 | |
| | | | Walt Disney Co. (The) | | | | |
| 35,000 | | | 4.13%, 12/01/2041 | | | 39,878 | |
| | | | | | | | |
| | | | | | | 1,463,819 | |
| | | | | | | | |
| | | Mining - 0.1% | | | |
| | | | Barrick Gold Corp. | | | | |
| 25,000 | | | 5.25%, 04/01/2042 | | | 25,517 | |
| | | | BHP Billiton Finance USA Ltd. | | | | |
| 80,000 | | | 3.85%, 09/30/2023 | | | 87,053 | |
| 15,000 | | | 4.13%, 02/24/2042 | | | 15,465 | |
| | | | Newmont Mining Corp. | | | | |
| 5,000 | | | 6.25%, 10/01/2039 | | | 5,565 | |
| | | | Rio Tinto Finance USA Ltd. | | | | |
| 25,000 | | | 5.20%, 11/02/2040 | | | 27,747 | |
| | | | Southern Copper Corp. | | | | |
| 55,000 | | | 6.75%, 04/16/2040 | | | 56,712 | |
| | | | | | | | |
| | | | | | | 218,059 | |
| | | | | | | | |
| | | Miscellaneous Manufacturer - 0.2% | | | |
| | | | 3M Co. | | | | |
| 25,000 | | | 5.70%, 03/15/2037 | | | 33,551 | |
| | | | Eaton Corp. | | | | |
| 115,000 | | | 2.75%, 11/02/2022 | | | 117,895 | |
| | | | General Electric Co. | | | | |
| 67,000 | | | 4.13%, 10/09/2042 | | | 73,695 | |
| 120,000 | | | 5.25%, 12/06/2017 | | | 127,133 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Miscellaneous Manufacturer - 0.2% - (continued) | |
| | | | Illinois Tool Works, Inc. | | | | |
$ | 35,000 | | | 3.90%, 09/01/2042 | | $ | 37,628 | |
| | | | Newell Brands, Inc. | | | | |
| 100,000 | | | 4.20%, 04/01/2026 | | | 108,405 | |
| | | | | | | | |
| | | | | | | 498,307 | |
| | | | | | | | |
| | | Multi-National - 0.6% | | | |
| | | | Asian Development Bank | | | | |
| 100,000 | | | 1.75%, 09/11/2018 | | | 102,038 | |
| 90,000 | | | 2.00%, 01/22/2025 | | | 92,534 | |
| | | | European Investment Bank | | | | |
| 730,000 | | | 2.88%, 09/15/2020 | | | 778,799 | |
| | | | Inter-American Development Bank | | | | |
| 410,000 | | | 3.88%, 02/14/2020 | | | 450,439 | |
| | | | International Bank for Reconstruction & Development | | | | |
| 347,000 | | | 7.63%, 01/19/2023 | | | 479,680 | |
| | | | | | | | |
| | | | | | | 1,903,490 | |
| | | | | | | | |
| | | Office/Business Equipment - 0.0% | | | |
| 20,000 | | | Xerox Corp. 6.35%, 05/15/2018 | | | 21,385 | |
| | | | | | | | |
| | | Oil&Gas - 0.8% | | | |
| | | | Apache Corp. | | | | |
| 50,000 | | | 5.10%, 09/01/2040 | | | 52,073 | |
| | | | BP Capital Markets plc | | | | |
| 190,000 | | | 3.25%, 05/06/2022 | | | 199,399 | |
| | | | Canadian Natural Resources Ltd. | | | | |
| 40,000 | | | 6.50%, 02/15/2037(6) | | | 43,645 | |
| | | | Chevron Corp. | | | | |
| 35,000 | | | 2.36%, 12/05/2022 | | | 35,526 | |
| 150,000 | | | 2.43%, 06/24/2020 | | | 154,783 | |
| | | | ConocoPhillips | | | | |
| 108,000 | | | 6.50%, 02/01/2039 | | | 139,352 | |
| | | | Devon Financing Co. LLC | | | | |
| 65,000 | | | 7.88%, 09/30/2031(6) | | | 75,639 | |
| | | | Exxon Mobil Corp. | | | | |
| 40,000 | | | 3.57%, 03/06/2045 | | | 41,400 | |
| | | | Hess Corp. | | | | |
| 28,000 | | | 5.60%, 02/15/2041 | | | 28,234 | |
| | | | Kerr-McGee Corp. | | | | |
| 60,000 | | | 6.95%, 07/01/2024 | | | 69,374 | |
| | | | Marathon Oil Corp. | | | | |
| 15,000 | | | 6.60%, 10/01/2037(6) | | | 15,164 | |
| | | | Marathon Petroleum Corp. | | | | |
| 35,000 | | | 5.00%, 09/15/2054 | | | 29,318 | |
| 15,000 | | | 5.13%, 03/01/2021 | | | 16,587 | |
| | | | Nexen Energy ULC | | | | |
| 50,000 | | | 7.50%, 07/30/2039 | | | 67,597 | |
| | | | Noble Energy, Inc. | | | | |
| 60,000 | | | 6.00%, 03/01/2041(6) | | | 64,528 | |
| | | | Occidental Petroleum Corp. | | | | |
| 40,000 | | | 4.10%, 02/01/2021 | | | 43,785 | |
| | | | Petroleos Mexicanos | | | | |
| 185,000 | | | 5.75%, 03/01/2018 | | | 193,447 | |
| 195,000 | | | 6.50%, 06/02/2041 | | | 197,437 | |
| | | | Phillips 66 | | | | |
| 35,000 | | | 4.30%, 04/01/2022 | | | 38,227 | |
| 45,000 | | | 4.88%, 11/15/2044 | | | 49,120 | |
| | | | Shell International Finance BV | | | | |
| 85,000 | | | 3.63%, 08/21/2042 | | | 81,800 | |
| 170,000 | | | 4.30%, 09/22/2019 | | | 185,158 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Oil&Gas - 0.8% - (continued) | | | |
| | | | Statoil ASA | | | | |
$ | 35,000 | | | 5.10%, 08/17/2040 | | $ | 41,921 | |
| 255,000 | | | 5.25%, 04/15/2019 | | | 280,807 | |
| | | | Suncor Energy, Inc. | | | | |
| 60,000 | | | 6.50%, 06/15/2038 | | | 77,318 | |
| | | | Total Capital S.A. | | | | |
| 95,000 | | | 4.25%, 12/15/2021 | | | 106,719 | |
| | | | Valero Energy Corp. | | | | |
| 140,000 | | | 6.13%, 02/01/2020 | | | 158,006 | |
| | | | | | | | |
| | | | | | | 2,486,364 | |
| | | | | | | | |
| | | Oil&Gas Services - 0.0% | | | |
| | | | Baker Hughes, Inc. | | | | |
| 46,000 | | | 5.13%, 09/15/2040 | | | 51,879 | |
| | | | National Oilwell Varco, Inc. | | | | |
| 50,000 | | | 2.60%, 12/01/2022 | | | 46,623 | |
| 15,000 | | | 3.95%, 12/01/2042 | | | 11,911 | |
| | | | | | | | |
| | | | | | | 110,413 | |
| | | | | | | | |
| | | Pharmaceuticals - 0.6% | | | |
| | | | Abbott Laboratories | | | | |
| 70,000 | | | 2.95%, 03/15/2025 | | | 71,408 | |
| | | | AbbVie, Inc. | | | | |
| 420,000 | | | 2.90%, 11/06/2022 | | | 428,240 | |
| | | | Actavis Funding SCS | | | | |
| 125,000 | | | 3.85%, 06/15/2024 | | | 130,811 | |
| 60,000 | | | 4.75%, 03/15/2045 | | | 63,004 | |
| | | | AstraZeneca plc | | | | |
| 60,000 | | | 5.90%, 09/15/2017 | | | 63,399 | |
| 35,000 | | | 6.45%, 09/15/2037 | | | 47,772 | |
| | | | Bristol-Myers Squibb Co. | | | | |
| 25,000 | | | 3.25%, 08/01/2042 | | | 24,872 | |
| | | | Express Scripts Holding Co. | | | | |
| 125,000 | | | 4.75%, 11/15/2021 | | | 140,207 | |
| | | | GlaxoSmithKline Capital, Inc. | | | | |
| 40,000 | | | 2.80%, 03/18/2023 | | | 41,974 | |
| 47,000 | | | 6.38%, 05/15/2038 | | | 67,253 | |
| | | | Johnson & Johnson | | | | |
| 75,000 | | | 5.95%, 08/15/2037 | | | 110,997 | |
| | | | McKesson Corp. | | | | |
| 70,000 | | | 3.80%, 03/15/2024 | | | 75,789 | |
| 50,000 | | | 4.75%, 03/01/2021 | | | 55,169 | |
| | | | Merck & Co., Inc. | | | | |
| 75,000 | | | 3.60%, 09/15/2042 | | | 77,144 | |
| | | | Novartis Capital Corp. | | | | |
| 145,000 | | | 2.40%, 09/21/2022 | | | 150,536 | |
| | | | Pfizer, Inc. | | | | |
| 100,000 | | | 6.20%, 03/15/2019 | | | 112,941 | |
| | | | Sanofi | | | | |
| 20,000 | | | 4.00%, 03/29/2021 | | | 22,134 | |
| | | | Teva Pharmaceutical Finance IV BV | | | | |
| 28,000 | | | 3.65%, 11/10/2021 | | | 29,672 | |
| | | | Wyeth LLC | | | | |
| 55,000 | | | 5.95%, 04/01/2037 | | | 73,233 | |
| | | | | | | | |
| | | | | | | 1,786,555 | |
| | | | | | | | |
| | | Pipelines - 0.3% | | | |
| | | | Energy Transfer Partners L.P. | | | | |
| 100,000 | | | 6.50%, 02/01/2042 | | | 105,006 | |
| 64,000 | | | 9.00%, 04/15/2019 | | | 71,543 | |
| | | | Enterprise Products Operating LLC | | | | |
| 100,000 | | | 4.45%, 02/15/2043 | | | 99,156 | |
| 20,000 | | | 4.85%, 03/15/2044 | | | 21,244 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Pipelines - 0.3% - (continued) | | | |
| | | | Kinder Morgan Energy Partners L.P. | | | | |
$ | 35,000 | | | 4.70%, 11/01/2042 | | $ | 31,533 | |
| 127,000 | | | 6.38%, 03/01/2041 | | | 132,417 | |
| | | | ONEOK Partners L.P. | | | | |
| 40,000 | | | 6.65%, 10/01/2036 | | | 41,865 | |
| | | | Plains All American Pipeline L.P. / PAA Finance Corp. | | | | |
| 65,000 | | | 6.65%, 01/15/2037 | | | 67,528 | |
| | | | TransCanada PipeLines Ltd. | | | | |
| 125,000 | | | 3.75%, 10/16/2023 | | | 133,822 | |
| 55,000 | | | 3.80%, 10/01/2020 | | | 58,455 | |
| | | | Transcontinental Gas Pipe Line Co. LLC | | | | |
| 20,000 | | | 4.45%, 08/01/2042 | | | 18,186 | |
| | | | Williams Partners L.P. | | | | |
| 125,000 | | | 4.13%, 11/15/2020 | | | 123,812 | |
| 40,000 | | | 6.30%, 04/15/2040 | | | 37,943 | |
| | | | | | | | |
| | | | | | | 942,510 | |
| | | | | | | | |
| | | Real Estate Investment Trusts - 0.2% | | | |
| | | | Boston Properties L.P. | | | | |
| 100,000 | | | 5.88%, 10/15/2019 | | | 112,425 | |
| | | | HCP, Inc. | | | | |
| 160,000 | | | 6.70%, 01/30/2018 | | | 171,845 | |
| | | | Simon Property Group L.P. | | | | |
| 220,000 | | | 5.65%, 02/01/2020 | | | 248,674 | |
| | | | Welltower, Inc. | | | | |
| 40,000 | | | 3.75%, 03/15/2023 | | | 41,457 | |
| 55,000 | | | 5.25%, 01/15/2022 | | | 61,784 | |
| | | | Weyerhaeuser Co. | | | | |
| 40,000 | | | 7.38%, 03/15/2032 | | | 52,920 | |
| | | | | | | | |
| | | | | | | 689,105 | |
| | | | | | | | |
| | | Retail - 0.5% | | | |
| | | | CVS Health Corp. | | | | |
| 290,000 | | | 4.00%, 12/05/2023 | | | 320,697 | |
| | | | Home Depot, Inc. (The) | | | | |
| 160,000 | | | 2.70%, 04/01/2023 | | | 167,879 | |
| 60,000 | | | 5.88%, 12/16/2036 | | | 81,948 | |
| | | | Lowe’s Cos., Inc. | | | | |
| 70,000 | | | 6.65%, 09/15/2037 | | | 98,845 | |
| | | | McDonald’s Corp. | | | | |
| 100,000 | | | 2.75%, 12/09/2020 | | | 104,400 | |
| 49,000 | | | 3.70%, 02/15/2042 | | | 48,129 | |
| 80,000 | | | 5.35%, 03/01/2018 | | | 85,551 | |
| | | | Target Corp. | | | | |
| 140,000 | | | 2.30%, 06/26/2019 | | | 144,719 | |
| 80,000 | | | 2.50%, 04/15/2026 | | | 82,022 | |
| | | | Wal-Mart Stores, Inc. | | | | |
| 50,000 | | | 3.25%, 10/25/2020 | | | 54,090 | |
| 50,000 | | | 4.25%, 04/15/2021 | | | 56,669 | |
| 121,000 | | | 5.63%, 04/15/2041 | | | 162,854 | |
| | | | Walgreen Co. | | | | |
| 30,000 | | | 3.10%, 09/15/2022 | | | 30,903 | |
| | | | Walgreens Boots Alliance, Inc. | | | | |
| 40,000 | | | 4.80%, 11/18/2044 | | | 43,032 | |
| | | | | | | | |
| | | | | | | 1,481,738 | |
| | | | | | | | |
| | | Semiconductors - 0.1% | | | |
| | | | Intel Corp. | | | | |
| 250,000 | | | 2.70%, 12/15/2022 | | | 261,551 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Semiconductors - 0.1% - (continued) | | | |
| | | | QUALCOMM, Inc. | | | | |
$ | 85,000 | | | 3.45%, 05/20/2025 | | $ | 90,331 | |
| | | | Texas Instruments, Inc. | | | | |
| 80,000 | | | 1.65%, 08/03/2019 | | | 81,053 | |
| | | | | | | | |
| | | | | | | 432,935 | |
| | | | | | | | |
| | | Software - 0.2% | | | |
| | | | Microsoft Corp. | | | | |
| 45,000 | | | 3.13%, 11/03/2025 | | | 48,196 | |
| 70,000 | | | 4.00%, 02/12/2055 | | | 70,590 | |
| 85,000 | | | 5.20%, 06/01/2039 | | | 104,857 | |
| | | | Oracle Corp. | | | | |
| 55,000 | | | 4.13%, 05/15/2045 | | | 56,694 | |
| 80,000 | | | 5.38%, 07/15/2040 | | | 96,730 | |
| | | | Visa, Inc. | | | | |
| 170,000 | | | 3.15%, 12/14/2025 | | | 181,749 | |
| | | | | | | | |
| | | | | | | 558,816 | |
| | | | | | | | |
| | | Telecommunications - 0.7% | | | |
| | | | America Movil S.A.B. de C.V. | | | | |
| 60,000 | | | 6.13%, 11/15/2037 | | | 72,202 | |
| | | | AT&T Mobility LLC | | | | |
| 25,000 | | | 7.13%, 12/15/2031 | | | 32,911 | |
| | | | AT&T, Inc. | | | | |
| 310,000 | | | 2.63%, 12/01/2022 | | | 310,388 | |
| 55,000 | | | 5.00%, 03/01/2021 | | | 61,586 | |
| 50,000 | | | 5.15%, 03/15/2042 | | | 53,948 | |
| 138,000 | | | 5.35%, 09/01/2040 | | | 150,957 | |
| | | | British Telecommunications plc | | | | |
| 43,000 | | | 9.38%, 12/15/2030 | | | 66,249 | |
| | | | Cisco Systems, Inc. | | | | |
| 320,000 | | | 4.45%, 01/15/2020 | | | 353,459 | |
| | | | Deutsche Telekom International Finance BV | | | | |
| 37,000 | | | 8.75%, 06/15/2030 | | | 55,718 | |
| | | | Orange S.A. | | | | |
| 80,000 | | | 5.38%, 07/08/2019 | | | 88,826 | |
| 25,000 | | | 5.38%, 01/13/2042 | | | 31,155 | |
| | | | Qwest Corp. | | | | |
| 11,000 | | | 6.88%, 09/15/2033 | | | 10,847 | |
| | | | Rogers Communications, Inc. | | | | |
| 30,000 | | | 4.50%, 03/15/2043 | | | 31,522 | |
| 50,000 | | | 6.80%, 08/15/2018 | | | 55,372 | |
| | | | Telefonica Emisiones SAU | | | | |
| 100,000 | | | 5.46%, 02/16/2021 | | | 114,090 | |
| | | | Verizon Communications, Inc. | | | | |
| 140,000 | | | 2.63%, 02/21/2020 | | | 144,881 | |
| 161,000 | | | 5.01%, 08/21/2054 | | | 170,266 | |
| 350,000 | | | 5.15%, 09/15/2023 | | | 407,619 | |
| | | | Vodafone Group plc | | | | |
| 95,000 | | | 5.45%, 06/10/2019 | | | 105,121 | |
| 20,000 | | | 6.15%, 02/27/2037 | | | 23,203 | |
| | | | | | | | |
| | | | | | | 2,340,320 | |
| | | | | | | | |
| | | Transportation - 0.3% | | | |
| | | | Burlington Northern Santa Fe LLC | | | | |
| 47,000 | | | 4.38%, 09/01/2042 | | | 52,255 | |
| 45,000 | | | 4.45%, 03/15/2043 | | | 50,331 | |
| 170,000 | | | 4.70%, 10/01/2019 | | | 187,974 | |
| | | | Canadian National Railway Co. | | | | |
| 40,000 | | | 2.85%, 12/15/2021 | | | 42,190 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
CORPORATE BONDS - 11.9% - (continued) | |
| | | Transportation - 0.3% - (continued) | | | |
| | | | Canadian Pacific Railway Co. | | | | |
$ | 60,000 | | | 4.45%, 03/15/2023 | | $ | 66,202 | |
| 8,000 | | | 7.13%, 10/15/2031 | | | 11,208 | |
| | | | CSX Corp. | | | | |
| 85,000 | | | 3.70%, 10/30/2020 | | | 91,300 | |
| 105,000 | | | 4.25%, 06/01/2021 | | | 115,058 | |
| | | | FedEx Corp. | | | | |
| 70,000 | | | 4.10%, 02/01/2045 | | | 71,172 | |
| | | | Norfolk Southern Corp. | | | | |
| 50,000 | | | 4.84%, 10/01/2041 | | | 57,058 | |
| | | | Union Pacific Corp. | | | | |
| 60,000 | | | 4.00%, 02/01/2021 | | | 66,088 | |
| 34,000 | | | 4.82%, 02/01/2044 | | | 41,077 | |
| | | | United Parcel Service, Inc. | | | | |
| 110,000 | | | 3.13%, 01/15/2021 | | | 117,919 | |
| | | | | | | | |
| | | | | | | 969,832 | |
| | | | | | | | |
| | |
| | | | Total Corporate Bonds (cost $35,860,181) | | | 37,212,344 | |
| | | | | | | | |
|
FOREIGN GOVERNMENT OBLIGATIONS - 1.0% | |
| | | Canada - 0.2% | | | |
| | | | Hydro-Quebec | | | | |
| 70,000 | | | 8.40%, 01/15/2022 | | | 92,449 | |
| | | | Province of British Columbia | | | | |
| 105,000 | | | 2.65%, 09/22/2021 | | | 111,848 | |
| | | | Province of Manitoba | | | | |
| 85,000 | | | 2.10%, 09/06/2022 | | | 87,443 | |
| | | | Province of Ontario | | | | |
| 165,000 | | | 4.40%, 04/14/2020 | | | 183,720 | |
| | | | Province of Quebec | | | | |
| 50,000 | | | 7.50%, 09/15/2029 | | | 75,828 | |
| | | | | | | | |
| | | | | | | 551,288 | |
| | | | | | | | |
| | | Colombia - 0.1% | | | |
| | | | Colombia Government International Bond | | | | |
| 240,000 | | | 8.13%, 05/21/2024 | | | 309,600 | |
| | | | | | | | |
| | | Germany - 0.3% | | | |
| | | | KFW | | | | |
| 300,000 | | | 2.13%, 01/17/2023 | | | 312,094 | |
| 561,000 | | | 4.00%, 01/27/2020 | | | 617,495 | |
| | | | | | | | |
| | | | | | | 929,589 | |
| | | | | | | | |
| | | Italy - 0.0% | | | |
| | | | Italy Government International Bond | | | | |
| 45,000 | | | 5.38%, 06/15/2033 | | | 53,416 | |
| | | | | | | | |
| | | Mexico - 0.1% | | | |
| | | | Mexico Government International Bond | | | | |
| 212,000 | | | 6.05%, 01/11/2040 | | | 266,590 | |
| | | | | | | | |
| | | Panama - 0.0% | | | |
| | | | Panama Government International Bond | | | | |
| 50,000 | | | 6.70%, 01/26/2036 | | | 66,375 | |
| | | | | | | | |
| | | Peru - 0.0% | | | |
| | | | Peruvian Government International Bond | | | | |
| 75,000 | | | 5.63%, 11/18/2050 | | | 93,000 | |
| | | | | | | | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
FOREIGN GOVERNMENT OBLIGATIONS - 1.0% - (continued) | |
| | | Philippines - 0.1% | | | |
| | | | Philippine Government International Bond | | | | |
$ | 120,000 | | | 4.00%, 01/15/2021 | | $ | 131,274 | |
| 100,000 | | | 6.38%, 10/23/2034 | | | 145,425 | |
| | | | | | | | |
| | | | | | | 276,699 | |
| | | | | | | | |
| | | Poland - 0.1% | | | |
| | | | Poland Government International Bond | | | | |
| 140,000 | | | 5.00%, 03/23/2022 | | | 157,458 | |
| | | | | | | | |
| | | South Africa - 0.0% | | | |
| | | | South Africa Government International Bond | | | | |
| 100,000 | | | 6.88%, 05/27/2019 | | | 111,370 | |
| | | | | | | | |
| | | Turkey - 0.1% | | | |
| | | | Turkey Government International Bond | | | | |
| 110,000 | | | 6.75%, 05/30/2040 | | | 134,101 | |
| 150,000 | | | 7.38%, 02/05/2025 | | | 185,080 | |
| | | | | | | | |
| | | | | | | 319,181 | |
| | | | | | | | |
| | |
| | | | Total Foreign Government Obligations (cost $2,994,463) | | | 3,134,566 | |
| | | | | | | | |
|
MUNICIPAL BONDS - 0.3% | |
| | | Airport Revenues - 0.0% | | | |
| | | | Cnty. of Clark Department of Aviation | | | | |
| 5,000 | | | 6.82%, 07/01/2045 | | | 7,727 | |
| | | | | | | | |
| | | General Obligations - 0.2% | | | |
| | | | California State GO, | | | | |
| 105,000 | | | 7.60%, 11/01/2040 | | | 169,060 | |
| | | | Connecticut State, GO | | | | |
| 45,000 | | | 5.85%, 03/15/2032 | | | 59,159 | |
| | | | llinois State, GO | | | | |
| 105,000 | | | 5.10%, 06/01/2033 | | | 100,912 | |
| | | | Massachusetts State, GO | | | | |
| 15,000 | | | 5.46%, 12/01/2039 | | | 20,705 | |
| | | | Mississippi State, GO | | | | |
| 25,000 | | | 5.25%, 11/01/2034 | | | 31,969 | |
| | | | New York, NY, GO | | | | |
| 15,000 | | | 5.85%, 06/01/2040 | | | 21,284 | |
| | | | Texas State, GO | | | | |
| 30,000 | | | 5.52%, 04/01/2039 | | | 42,518 | |
| | | | | | | | |
| | | | | | | 445,607 | |
| | | | | | | | |
| | | Higher Education (Universities, Dorms, etc.) - 0.0% | |
| | | | University of California Build America Bonds Rev., | | | | |
| 50,000 | | | 5.77%, 05/15/2043 | | | 68,512 | |
| | | | University of Texas System | | | | |
| 25,000 | | | 4.79%, 08/15/2046 | | | 31,639 | |
| | | | | | | | |
| | | | | | | 100,151 | |
| | | | | | | | |
| | | Miscellaneous - 0.0% | | | |
| | | | New Jersey State Economic Development Authority Lease Rev. | | | | |
| 15,000 | | | 7.43%, 02/15/2029 | | | 18,528 | |
| | | | | | | | |
| | | Tax Allocation - 0.0% | | | |
| | | | New York State Dormitory Authority | | | | |
| 20,000 | | | 5.60%, 03/15/2040 | | | 27,545 | |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
MUNICIPAL BONDS - 0.3% - (continued) | |
| | | Transportation - 0.1% | | | |
| | | | Bay Area Toll Authority | | | | |
$ | 30,000 | | | 6.26%, 04/01/2049 | | $ | 46,745 | |
| | | | Metropolitan Transportation Authority | | | | |
| 20,000 | | | 5.87%, 11/15/2039 | | | 27,325 | |
| 25,000 | | | 6.55%, 11/15/2031 | | | 34,479 | |
| 15,000 | | | 6.65%, 11/15/2039 | | | 21,609 | |
| | | | New Jersey State Turnpike Authority | | | | |
| 45,000 | | | 7.10%, 01/01/2041 | | | 68,059 | |
| 15,000 | | | 7.41%, 01/01/2040 | | | 23,536 | |
| | | | Port Authority of New York & New Jersey | | | | |
| 50,000 | | | 4.93%, 10/01/2051 | | | 63,598 | |
| | | | | | | | |
| | | | | | | 285,351 | |
| | | | | | | | |
| | | Utilities - Electric - 0.0% | | | |
| | | | American Municipal Power Inc. | | | | |
| 45,000 | | | 6.05%, 02/15/2043 | | | 58,270 | |
| | | | Municipal Electric Authority of Georgia | | | | |
| 40,000 | | | 6.64%, 04/01/2057 | | | 53,488 | |
| | | | | | | | |
| | | | | | | 111,758 | |
| | | | | | | | |
| | | Utilities - Water and Sewer - 0.0% | | | |
| | | | New York City Water & Sewer System | | | | |
| 45,000 | | | 5.88%, 06/15/2044 | | | 65,205 | |
| | | | | | | | |
| | |
| | | | Total Municipal Bonds (cost $929,295) | | | 1,061,872 | |
| | | | | | | | |
|
U.S. GOVERNMENT AGENCIES - 13.4% | |
| | | FHLB - 0.4% | | | |
| 1,120,000 | | | 5.00%, 11/17/2017 | | | 1,186,688 | |
| 60,000 | | | 5.50%, 07/15/2036 | | | 86,566 | |
| | | | | | | | |
| | | | | | | 1,273,254 | |
| | | | | | | | |
| | | FHLMC - 3.5% | | | |
| 10,000 | | | 2.41%, 03/25/2023 | | | 10,386 | |
| 84,541 | | | 2.50%, 07/01/2027 | | | 87,593 | |
| 57,849 | | | 2.50%, 09/01/2027 | | | 59,937 | |
| 92,376 | | | 2.50%, 10/01/2027 | | | 95,710 | |
| 225,185 | | | 2.50%, 04/01/2028 | | | 233,466 | |
| 260,623 | | | 2.50%, 06/01/2028 | | | 270,516 | |
| 73,415 | | | 2.50%, 01/01/2029 | | | 76,249 | |
| 115,806 | | | 2.50%, 12/01/2042 | | | 116,833 | |
| 15,000 | | | 2.67%, 12/25/2024 | | | 15,762 | |
| 10,000 | | | 2.67%, 03/25/2026 | | | 10,472 | |
| 10,000 | | | 2.75%, 01/25/2026 | | | 10,517 | |
| 15,000 | | | 2.79%, 01/25/2022 | | | 15,885 | |
| 15,000 | | | 2.81%, 01/25/2025 | | | 15,915 | |
| 10,000 | | | 3.00%, 12/25/2025 | | | 10,737 | |
| 26,535 | | | 3.00%, 12/01/2025 | | | 27,938 | |
| 184,149 | | | 3.00%, 11/01/2026 | | | 193,615 | |
| 20,059 | | | 3.00%, 03/01/2027 | | | 21,093 | |
| 67,417 | | | 3.00%, 04/01/2027 | | | 70,890 | |
| 100,745 | | | 3.00%, 09/01/2027 | | | 105,952 | |
| 412,084 | | | 3.00%, 10/01/2028 | | | 433,651 | |
| 73,729 | | | 3.00%, 10/01/2042 | | | 76,622 | |
| 177,901 | | | 3.00%, 10/01/2042 | | | 184,900 | |
| 112,436 | | | 3.00%, 11/01/2042 | | | 116,849 | |
| 116,556 | | | 3.00%, 12/01/2042 | | | 121,089 | |
| 53,270 | | | 3.00%, 01/01/2043 | | | 55,352 | |
| 155,823 | | | 3.00%, 01/01/2043 | | | 163,595 | |
| 58,331 | | | 3.00%, 02/01/2043 | | | 60,800 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT AGENCIES - 13.4% - (continued) | |
| | | FHLMC - 3.5% - (continued) | | | |
$ | 249,300 | | | 3.00%, 02/01/2043 | | $ | 259,850 | |
| 135,805 | | | 3.00%, 02/01/2043 | | | 140,920 | |
| 30,945 | | | 3.00%, 05/01/2043 | | | 32,403 | |
| 84,994 | | | 3.00%, 05/01/2043 | | | 88,996 | |
| 861,974 | | | 3.00%, 08/01/2045 | | | 894,440 | |
| 10,000 | | | 3.01%, 07/25/2025 | | | 10,759 | |
| 15,000 | | | 3.02%, 01/25/2025 | | | 16,187 | |
| 15,000 | | | 3.06%, 12/25/2024 | | | 16,213 | |
| 10,000 | | �� | 3.15%, 11/25/2025 | | | 10,865 | |
| 15,000 | | | 3.33%, 05/25/2025 | | | 16,527 | |
| 15,000 | | | 3.33%, 08/25/2025(4) | | | 16,536 | |
| 68,128 | | | 3.50%, 04/01/2026 | | | 72,360 | |
| 71,067 | | | 3.50%, 08/01/2026 | | | 75,307 | |
| 244,861 | | | 3.50%, 10/01/2026 | | | 259,470 | |
| 97,955 | | | 3.50%, 10/01/2026 | | | 103,709 | |
| 326,129 | | | 3.50%, 07/01/2029 | | | 345,289 | |
| 27,639 | | | 3.50%, 10/01/2040 | | | 29,177 | |
| 40,957 | | | 3.50%, 10/01/2041 | | | 43,390 | |
| 123,102 | | | 3.50%, 11/01/2041 | | | 129,829 | |
| 84,667 | | | 3.50%, 02/01/2042 | | | 89,690 | |
| 30,194 | | | 3.50%, 03/01/2042 | | | 31,897 | |
| 76,769 | | | 3.50%, 04/01/2042 | | | 81,338 | |
| 85,126 | | | 3.50%, 04/01/2042 | | | 89,923 | |
| 144,319 | | | 3.50%, 09/01/2042 | | | 152,334 | |
| 72,478 | | | 3.50%, 09/01/2042 | | | 76,519 | |
| 212,546 | | | 3.50%, 11/01/2042 | | | 226,003 | |
| 92,866 | | | 3.50%, 01/01/2043 | | | 98,189 | |
| 262,562 | | | 3.50%, 12/01/2043 | | | 276,909 | |
| 554,312 | | | 3.50%, 09/01/2044 | | | 584,600 | |
| 680,000 | | | 3.75%, 03/27/2019 | | | 734,180 | |
| 25,866 | | | 4.00%, 06/01/2024 | | | 26,952 | |
| 65,821 | | | 4.00%, 07/01/2026 | | | 69,438 | |
| 63,582 | | | 4.00%, 10/01/2040 | | | 68,348 | |
| 110,316 | | | 4.00%, 10/01/2040 | | | 118,584 | |
| 71,711 | | | 4.00%, 10/01/2040 | | | 77,089 | |
| 13,723 | | | 4.00%, 12/01/2040 | | | 14,754 | |
| 73,040 | | | 4.00%, 12/01/2040 | | | 78,513 | |
| 17,847 | | | 4.00%, 02/01/2041 | | | 19,187 | |
| 117,764 | | | 4.00%, 02/01/2041 | | | 126,605 | |
| 17,191 | | | 4.00%, 04/01/2041 | | | 18,484 | |
| 112,485 | | | 4.00%, 01/01/2042 | | | 120,947 | |
| 183,860 | | | 4.00%, 02/01/2042 | | | 197,725 | |
| 324,166 | | | 4.00%, 11/01/2043 | | | 351,357 | |
| 342,241 | | | 4.00%, 05/01/2044 | | | 366,783 | |
| 206,594 | | | 4.00%, 07/01/2044 | | | 221,060 | |
| 4,655 | | | 4.50%, 05/01/2018 | | | 4,764 | |
| 17,977 | | | 4.50%, 11/01/2024 | | | 19,275 | |
| 53,138 | | | 4.50%, 09/01/2031 | | | 58,400 | |
| 157,191 | | | 4.50%, 10/01/2039 | | | 173,206 | |
| 26,136 | | | 4.50%, 05/01/2040 | | | 28,698 | |
| 72,452 | | | 4.50%, 10/01/2040 | | | 79,563 | |
| 109,164 | | | 4.50%, 06/01/2041 | | | 119,012 | |
| 151,046 | | | 4.50%, 09/01/2041 | | | 165,807 | |
| 50,036 | | | 5.00%, 05/01/2023 | | | 53,468 | |
| 73,038 | | | 5.00%, 03/01/2027 | | | 80,607 | |
| 58,507 | | | 5.00%, 11/01/2033 | | | 65,085 | |
| 32,662 | | | 5.00%, 02/01/2038 | | | 36,047 | |
| 6,921 | | | 5.00%, 04/01/2039 | | | 7,638 | |
| 492,614 | | | 5.00%, 08/01/2041 | | | 549,526 | |
| 81,126 | | | 5.00%, 08/01/2041 | | | 89,534 | |
| 223,246 | | | 5.50%, 05/01/2036 | | | 250,895 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT AGENCIES - 13.4% - (continued) | |
| | | FHLMC - 3.5% - (continued) | | | |
$ | 16,480 | | | 5.50%, 05/01/2038 | | $ | 18,433 | |
| 48,876 | | | 5.50%, 05/01/2038 | | | 55,036 | |
| 55,399 | | | 5.50%, 08/01/2038 | | | 62,148 | |
| 28,827 | | | 6.00%, 06/01/2036 | | | 33,199 | |
| 24,745 | | | 6.00%, 04/01/2037 | | | 28,334 | |
| 18,576 | | | 6.00%, 10/01/2037 | | | 21,170 | |
| 150,000 | | | 6.25%, 07/15/2032 | | | 226,937 | |
| | | | | | | | |
| | | | | | | 11,768,741 | |
| | | | | | | | |
| | | FNMA - 6.1% | | | |
| 690,000 | | | 0.88%, 08/28/2017 | | | 691,906 | |
| 5,000 | | | 2.49%, 05/25/2026 | | | 5,122 | |
| 198,615 | | | 2.50%, 03/01/2027 | | | 206,089 | |
| 90,172 | | | 2.50%, 07/01/2027 | | | 93,544 | |
| 207,366 | | | 2.50%, 12/01/2027 | | | 215,167 | |
| 112,507 | | | 2.50%, 02/01/2028 | | | 116,765 | |
| 302,594 | | | 2.50%, 04/01/2028 | | | 316,771 | |
| 290,935 | | | 2.50%, 07/01/2028 | | | 301,918 | |
| 136,823 | | | 2.50%, 01/01/2043 | | | 138,529 | |
| 15,000 | | | 2.53%, 09/25/2024 | | | 15,537 | |
| 10,000 | | | 2.58%, 03/25/2026 | | | 10,335 | |
| 15,000 | | | 2.59%, 12/25/2024 | | | 15,588 | |
| 10,000 | | | 2.70%, 02/25/2026 | | | 10,418 | |
| 10,000 | | | 2.72%, 10/25/2024 | | | 10,486 | |
| 10,000 | | | 2.80%, 06/25/2025(4) | | | 10,483 | |
| 10,000 | | | 2.90%, 01/25/2025(4) | | | 10,655 | |
| 10,000 | | | 2.94%, 01/25/2026(4) | | | 10,647 | |
| 50,709 | | | 3.00%, 12/01/2025 | | | 53,191 | |
| 49,347 | | | 3.00%, 12/01/2026 | | | 51,761 | |
| 88,712 | | | 3.00%, 03/01/2027 | | | 93,125 | |
| 114,061 | | | 3.00%, 04/01/2027 | | | 119,803 | |
| 286,250 | | | 3.00%, 07/01/2027 | | | 300,646 | |
| 67,561 | | | 3.00%, 08/01/2027 | | | 70,902 | |
| 211,849 | | | 3.00%, 02/01/2030 | | | 222,298 | |
| 42,980 | | | 3.00%, 04/01/2042 | | | 45,047 | |
| 42,601 | | | 3.00%, 09/01/2042 | | | 44,262 | |
| 87,766 | | | 3.00%, 11/01/2042 | | | 91,285 | |
| 137,598 | | | 3.00%, 11/01/2042 | | | 143,115 | |
| 184,817 | | | 3.00%, 12/01/2042 | | | 194,161 | |
| 225,980 | | | 3.00%, 01/01/2043 | | | 235,028 | |
| 122,228 | | | 3.00%, 02/01/2043 | | | 128,240 | |
| 301,975 | | | 3.00%, 02/01/2043 | | | 314,073 | |
| 174,533 | | | 3.00%, 04/01/2043 | | | 183,309 | |
| 360,151 | | | 3.00%, 04/01/2043 | | | 379,261 | |
| 104,749 | | | 3.00%, 04/01/2043 | | | 108,949 | |
| 73,890 | | | 3.00%, 07/01/2043 | | | 76,839 | |
| 127,391 | | | 3.00%, 10/01/2043 | | | 132,475 | |
| 206,129 | | | 3.00%, 11/01/2043 | | | 214,109 | |
| 990,343 | | | 3.00%, 03/01/2046 | | | 1,028,680 | |
| 11,087 | | | 3.50%, 09/01/2025 | | | 11,756 | |
| 104,892 | | | 3.50%, 10/01/2028 | | | 112,084 | |
| 196,279 | | | 3.50%, 07/01/2029 | | | 208,131 | |
| 289,895 | | | 3.50%, 01/01/2041 | | | 308,233 | |
| 58,994 | | | 3.50%, 02/01/2041 | | | 62,393 | |
| 67,822 | | | 3.50%, 04/01/2041 | | | 71,698 | |
| 73,788 | | | 3.50%, 11/01/2041 | | | 79,043 | |
| 97,766 | | | 3.50%, 01/01/2042 | | | 103,524 | |
| 40,896 | | | 3.50%, 03/01/2042 | | | 43,366 | |
| 94,220 | | | 3.50%, 05/01/2042 | | | 99,764 | |
| 115,974 | | | 3.50%, 06/01/2042 | | | 124,038 | |
| 108,219 | | | 3.50%, 07/01/2042 | | | 114,580 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT AGENCIES - 13.4% - (continued) | |
| | | FNMA - 6.1% - (continued) | | | |
$ | 286,927 | | | 3.50%, 07/01/2042 | | $ | 305,075 | |
| 74,782 | | | 3.50%, 08/01/2042 | | | 79,161 | |
| 106,980 | | | 3.50%, 08/01/2042 | | | 113,150 | |
| 91,420 | | | 3.50%, 08/01/2042 | | | 96,745 | |
| 384,536 | | | 3.50%, 09/01/2042 | | | 408,816 | |
| 66,121 | | | 3.50%, 09/01/2042 | | | 69,791 | |
| 116,342 | | | 3.50%, 09/01/2042 | | | 123,067 | |
| 78,815 | | | 3.50%, 01/01/2043 | | | 83,346 | |
| 232,250 | | | 3.50%, 05/01/2043 | | | 247,996 | |
| 119,457 | | | 3.50%, 08/01/2043 | | | 127,038 | |
| 165,471 | | | 3.50%, 08/01/2043 | | | 176,960 | |
| 110,269 | | | 3.50%, 08/01/2043 | | | 117,957 | |
| 110,121 | | | 3.50%, 08/01/2044 | | | 116,220 | |
| 39,882 | | | 3.50%, 10/01/2044 | | | 42,091 | |
| 103,485 | | | 3.50%, 01/01/2045 | | | 109,217 | |
| 141,127 | | | 3.50%, 02/01/2045 | | | 148,944 | |
| 751,621 | | | 3.50%, 11/01/2045 | | | 796,595 | |
| 192,460 | | | 4.00%, 05/01/2020 | | | 199,434 | |
| 36,955 | | | 4.00%, 04/01/2025 | | | 39,440 | |
| 52,293 | | | 4.00%, 09/01/2025 | | | 55,302 | |
| 65,667 | | | 4.00%, 08/01/2026 | | | 68,080 | |
| 135,678 | | | 4.00%, 08/01/2040 | | | 145,413 | |
| 25,291 | | | 4.00%, 08/01/2040 | | | 27,186 | |
| 216,965 | | | 4.00%, 09/01/2040 | | | 232,861 | |
| 10,366 | | | 4.00%, 10/01/2040 | | | 11,151 | |
| 455,885 | | | 4.00%, 12/01/2040 | | | 490,265 | |
| 162,726 | | | 4.00%, 02/01/2041 | | | 175,004 | |
| 37,090 | | | 4.00%, 04/01/2041 | | | 39,752 | |
| 25,499 | | | 4.00%, 07/01/2041 | | | 27,413 | |
| 56,673 | | | 4.00%, 09/01/2041 | | | 60,905 | |
| 431,202 | | | 4.00%, 12/01/2041 | | | 466,753 | |
| 144,893 | | | 4.00%, 01/01/2042 | | | 155,736 | |
| 572,052 | | | 4.00%, 11/01/2043 | | | 619,771 | |
| 308,129 | | | 4.00%, 01/01/2044 | | | 331,444 | |
| 34,761 | | | 4.00%, 01/01/2044 | | | 37,427 | |
| 35,728 | | | 4.00%, 05/01/2044 | | | 38,476 | |
| 200,821 | | | 4.00%, 12/01/2044 | | | 215,340 | |
| 25,482 | | | 4.50%, 05/01/2025 | | | 27,286 | |
| 69,636 | | | 4.50%, 04/01/2026 | | | 74,264 | |
| 12,959 | | | 4.50%, 04/01/2029 | | | 14,136 | |
| 102,215 | | | 4.50%, 06/01/2030 | | | 111,498 | |
| 19,999 | | | 4.50%, 08/01/2038 | | | 21,838 | |
| 69,814 | | | 4.50%, 01/01/2039 | | | 76,155 | |
| 46,161 | | | 4.50%, 02/01/2039 | | | 50,436 | |
| 134,149 | | | 4.50%, 04/01/2039 | | | 146,544 | |
| 32,765 | | | 4.50%, 11/01/2039 | | | 35,754 | |
| 75,158 | | | 4.50%, 02/01/2040 | | | 82,350 | |
| 151,393 | | | 4.50%, 09/01/2040 | | | 165,499 | |
| 150,975 | | | 4.50%, 10/01/2040 | | | 165,281 | |
| 80,693 | | | 4.50%, 04/01/2041 | | | 88,057 | |
| 27,142 | | | 4.50%, 04/01/2041 | | | 29,757 | |
| 120,714 | | | 4.50%, 04/01/2041 | | | 132,019 | |
| 129,160 | | | 4.50%, 07/01/2041 | | | 141,617 | |
| 242,811 | | | 4.50%, 01/01/2044 | | | 265,025 | |
| 74,118 | | | 5.00%, 02/01/2022 | | | 76,487 | |
| 42,128 | | | 5.00%, 05/01/2028 | | | 46,742 | |
| 261,741 | | | 5.00%, 05/01/2035 | | | 291,573 | |
| 223,476 | | | 5.00%, 08/01/2035 | | | 248,865 | |
| 96,282 | | | 5.00%, 03/01/2037 | | | 106,828 | |
| 1,721 | | | 5.00%, 05/01/2037 | | | 1,909 | |
| 39,929 | | | 5.00%, 02/01/2039 | | | 44,303 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT AGENCIES - 13.4% - (continued) | |
| | | FNMA - 6.1% - (continued) | | | |
$ | 71,033 | | | 5.00%, 04/01/2039 | | $ | 78,814 | |
| 35,976 | | | 5.00%, 01/01/2040 | | | 40,004 | |
| 397,780 | | | 5.00%, 01/01/2041 | | | 443,258 | |
| 299,695 | | | 5.50%, 10/01/2035 | | | 339,420 | |
| 36,882 | | | 5.50%, 05/01/2037 | | | 41,492 | |
| 10,052 | | | 5.50%, 01/01/2038 | | | 11,303 | |
| 20,002 | | | 5.50%, 02/01/2038 | | | 22,479 | |
| 131,579 | | | 5.50%, 02/01/2038 | | | 148,884 | |
| 61,183 | | | 5.50%, 06/01/2038 | | | 68,878 | |
| 26,677 | | | 5.50%, 07/01/2038 | | | 30,009 | |
| 23,849 | | | 5.50%, 08/01/2038 | | | 26,764 | |
| 62,171 | | | 5.50%, 09/01/2038 | | | 70,059 | |
| 23,933 | | | 5.50%, 05/01/2040 | | | 26,945 | |
| 130,000 | | | 5.63%, 07/15/2037 | | | 189,811 | |
| 41,648 | | | 6.00%, 04/01/2036 | | | 47,657 | |
| 64,775 | | | 6.00%, 07/01/2037 | | | 74,132 | |
| 102,664 | | | 6.00%, 07/01/2037 | | | 117,573 | |
| 39,671 | | | 6.50%, 06/01/2039 | | | 45,836 | |
| 53,000 | | | 6.63%, 11/15/2030 | | | 81,203 | |
| | | | | | | | |
| | | | | | | 18,697,195 | |
| | | | | | | | |
| | | GNMA - 3.3% | | | |
| 29,297 | | | 2.50%, 10/15/2027 | | | 30,462 | |
| 80,933 | | | 2.50%, 01/15/2043 | | | 82,335 | |
| 57,750 | | | 3.00%, 04/15/2027 | | | 60,938 | |
| 118,457 | | | 3.00%, 03/20/2028 | | | 125,592 | |
| 50,213 | | | 3.00%, 06/20/2042 | | | 52,673 | |
| 215,834 | | | 3.00%, 08/20/2042 | | | 226,420 | |
| 218,049 | | | 3.00%, 09/20/2042 | | | 228,744 | |
| 126,264 | | | 3.00%, 11/15/2042 | | | 132,015 | |
| 165,774 | | | 3.00%, 12/20/2042 | | | 173,904 | |
| 120,608 | | | 3.00%, 05/15/2043 | | | 126,123 | |
| 273,154 | | | 3.00%, 06/20/2043 | | | 286,549 | |
| 250,891 | | | 3.00%, 07/20/2043 | | | 263,197 | |
| 282,381 | | | 3.00%, 10/20/2045 | | | 295,630 | |
| 11,663 | | | 3.50%, 09/15/2025 | | | 12,364 | |
| 36,644 | | | 3.50%, 09/20/2040 | | | 38,920 | |
| 49,724 | | | 3.50%, 12/15/2040 | | | 52,819 | |
| 17,675 | | | 3.50%, 02/15/2041 | | | 18,775 | |
| 17,039 | | | 3.50%, 12/20/2041 | | | 18,151 | |
| 90,972 | | | 3.50%, 01/20/2042 | | | 96,961 | |
| 38,850 | | | 3.50%, 02/20/2042 | | | 41,408 | |
| 27,822 | | | 3.50%, 03/15/2042 | | | 29,550 | |
| 169,079 | | | 3.50%, 04/20/2042 | | | 180,211 | |
| 208,949 | | | 3.50%, 05/20/2042 | | | 222,706 | |
| 20,751 | | | 3.50%, 06/15/2042 | | | 22,107 | |
| 74,950 | | | 3.50%, 06/15/2042 | | | 79,814 | |
| 117,015 | | | 3.50%, 06/20/2042 | | | 124,720 | |
| 139,350 | | | 3.50%, 08/20/2042 | | | 148,525 | |
| 179,694 | | | 3.50%, 04/20/2043 | | | 191,526 | |
| 218,090 | | | 3.50%, 07/20/2043 | | | 232,425 | |
| 125,425 | | | 3.50%, 08/15/2043 | | | 133,983 | |
| 361,765 | | | 3.50%, 09/20/2043 | | | 385,479 | |
| 1,163,873 | | | 3.50%, 04/20/2045 | | | 1,236,237 | |
| 20,401 | | | 4.00%, 08/15/2026 | | | 21,394 | |
| 271,740 | | | 4.00%, 08/15/2039 | | | 291,931 | |
| 39,601 | | | 4.00%, 07/20/2040 | | | 42,672 | |
| 23,804 | | | 4.00%, 08/15/2040 | | | 25,582 | |
| 24,564 | | | 4.00%, 10/20/2040 | | | 26,469 | |
| 138,750 | | | 4.00%, 12/15/2040 | | | 150,940 | |
| 48,236 | | | 4.00%, 06/15/2041 | | | 51,906 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT AGENCIES - 13.4% - (continued) | |
| | | GNMA - 3.3% - (continued) | | | |
$ | 34,195 | | | 4.00%, 09/15/2041 | | $ | 37,395 | |
| 17,621 | | | 4.00%, 12/20/2041 | | | 18,965 | |
| 35,406 | | | 4.00%, 01/20/2042 | | | 38,103 | |
| 21,884 | | | 4.00%, 03/20/2042 | | | 23,544 | |
| 82,766 | | | 4.00%, 05/20/2042 | | | 89,010 | |
| 57,533 | | | 4.00%, 06/15/2042 | | | 62,019 | |
| 337,696 | | | 4.00%, 06/20/2044 | | | 361,168 | |
| 275,244 | | | 4.00%, 09/20/2044 | | | 294,355 | |
| 308,881 | | | 4.00%, 11/20/2044 | | | 330,304 | |
| 632,935 | | | 4.00%, 11/20/2045 | | | 677,210 | |
| 88,115 | | | 4.50%, 05/15/2039 | | | 98,303 | |
| 252,304 | | | 4.50%, 09/15/2039 | | | 284,181 | |
| 31,834 | | | 4.50%, 04/15/2040 | | | 35,159 | |
| 8,917 | | | 4.50%, 05/20/2040 | | | 9,712 | |
| 14,301 | | | 4.50%, 06/15/2040 | | | 15,756 | |
| 67,267 | | | 4.50%, 06/20/2040 | | | 73,258 | |
| 187,073 | | | 4.50%, 09/20/2040 | | | 204,240 | |
| 134,288 | | | 4.50%, 10/15/2040 | | | 148,194 | |
| 39,132 | | | 4.50%, 10/20/2040 | | | 42,722 | |
| 86,383 | | | 4.50%, 03/20/2041 | | | 94,310 | |
| 18,620 | | | 4.50%, 04/15/2041 | | | 20,514 | |
| 56,260 | | | 4.50%, 06/20/2041 | | | 61,423 | |
| 117,309 | | | 5.00%, 11/20/2035 | | | 131,950 | |
| 56,941 | | | 5.00%, 09/15/2039 | | | 63,769 | |
| 88,609 | | | 5.00%, 02/15/2040 | | | 99,131 | |
| 138,657 | | | 5.00%, 09/20/2040 | | | 154,229 | |
| 86,988 | | | 5.00%, 02/20/2041 | | | 96,770 | |
| 74,613 | | | 5.00%, 03/20/2041 | | | 82,991 | |
| 76,357 | | | 5.00%, 08/20/2041 | | | 84,940 | |
| 21,013 | | | 5.00%, 12/20/2041 | | | 23,660 | |
| 21,004 | | | 5.50%, 05/20/2038 | | | 23,313 | |
| 53,766 | | | 5.50%, 07/15/2038 | | | 60,579 | |
| 18,368 | | | 5.50%, 07/15/2039 | | | 20,859 | |
| 43,851 | | | 5.50%, 08/20/2041 | | | 48,912 | |
| 79,618 | | | 6.00%, 02/15/2036 | | | 91,013 | |
| 24,990 | | | 6.00%, 08/20/2041 | | | 28,545 | |
| | | | | | | | |
| | | | | | | 9,992,663 | |
| | | | | | | | |
| | | Tennessee Valley Authority - 0.1% | | | |
| 213,000 | | | 6.75%, 11/01/2025 | | | 294,440 | |
| | | | | | | | |
| | |
| | | | Total U.S. Government Agencies (cost $41,024,807) | | | 42,026,293 | |
| | | | | | | | |
| |
U.S. GOVERNMENT SECURITIES - 14.1% | | | |
| | | U.S. Treasury Securities - 14.1% | | | |
| | | U.S. Treasury Bonds - 2.2% | | | |
| 1,410,000 | | | 2.50%, 02/15/2045 | | | 1,467,998 | |
| 1,000,000 | | | 2.50%, 02/15/2046 | | | 1,041,289 | |
| 796,000 | | | 3.13%, 11/15/2041 | | | 939,995 | |
| 2,700,000 | | | 3.13%, 02/15/2043 | | | 3,182,730 | |
| 155,000 | | | 3.75%, 08/15/2041 | | | 202,184 | |
| | | | | | | | |
| | | | | | | 6,834,196 | |
| | | | | | | | |
| | | U.S. Treasury Notes - 11.9% | | | |
| 3,270,000 | | | 0.63%, 11/30/2017 | | | 3,272,682 | |
| 6,130,000 | | | 0.63%, 04/30/2018 | | | 6,134,070 | |
| 2,700,000 | | | 1.13%, 02/28/2021 | | | 2,718,984 | |
| 4,400,000 | | | 1.25%, 11/30/2018 | | | 4,462,735 | |
| 1,000,000 | | | 1.38%, 03/31/2020 | | | 1,018,906 | |
| 4,420,000 | | | 1.63%, 06/30/2019 | | | 4,537,926 | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
U.S. GOVERNMENT SECURITIES - 14.1% - (continued) | |
| | | U.S. Treasury Securities - 14.1% - (continued) | |
| | | U.S. Treasury Notes - 11.9% - (continued) | |
$ | 900,000 | | | 1.63%, 05/15/2026 | | $ | 911,004 | |
| 1,038,000 | | | 1.75%, 05/15/2022 | | | 1,072,586 | |
| 878,000 | | | 1.88%, 09/30/2017 | | | 892,370 | |
| 3,500,000 | | | 2.00%, 02/15/2025 | | | 3,661,875 | |
| 1,565,000 | | | 2.13%, 05/15/2025 | | | 1,653,092 | |
| 1,210,000 | | | 2.75%, 11/15/2023 | | | 1,333,836 | |
| 3,925,000 | | | 2.75%, 02/15/2024 | | | 4,332,678 | |
| 1,115,000 | | | 3.13%, 05/15/2021 | | | 1,226,718 | |
| | | | | | | | |
| | | | | | | 37,229,462 | |
| | | | | | | | |
| | |
| | | | Total U.S. Government Securities (cost $42,676,331) | | | 44,063,658 | |
| | | | | | | | |
| | |
| | | | Total Long-Term investments - Excluding Purchased Options (cost $188,525,234) | | | 207,686,900 | |
| | | | | | | | |
| |
SHORT-TERM INVESTMENTS - 27.7% | | | |
| | | Repurchase Agreements - 0.2% | | | |
| | | | RBC Capital Markets LLC TriParty Repurchase Agreement (maturing on 07/01/2016 in the amount of $727,007, collateralized by U.S.Treasury Notes 2.00%, 2022, value of $ 735,754) | | | | |
| 727,000 | | | 0.33%, 06/30/2016 | | | 727,000 | |
| | | | | | | | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
SHORT-TERM INVESTMENTS - 27.7% - (continued) | | | |
| | | U.S. Government Agencies - 27.5% | | | |
| | | FHLB - 9.9% | | | |
| 16,000,000 | | | 0.43%, 08/10/2016(7) | | $ | 15,995,552 | |
| 10,000,000 | | | 0.45%, 10/12/2016(7) | | | 9,989,700 | |
| 5,000,000 | | | 0.46%, 07/27/2016(7) | | | 4,999,385 | |
| | | | | | | | |
| | | | | | | 30,984,637 | |
| | | | | | | | |
| | | FHLMC - 7.7% | | | |
| 9,000,000 | | | 0.33%, 09/01/2016(7) | | | 8,995,662 | |
| 15,000,000 | | | 0.35%, 09/13/2016(7) | | | 14,991,360 | |
| | | | | | | | |
| | | | | | | 23,987,022 | |
| | | | | | | | |
| | | FNMA - 9.9% | | | |
| 8,000,000 | | | 0.46%, 08/17/2016(7) | | | 7,997,392 | |
| 15,000,000 | | | 0.49%, 11/02/2016(7) | | | 14,980,365 | |
| 8,000,000 | | | 0.54%, 07/06/2016(7) | | | 7,999,808 | |
| | | | | | | | |
| | | | | | | 30,977,565 | |
| | | | | | | | |
| | | | | | | 85,949,224 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Short-Term investments (cost $86,659,490) | | | | | | | 86,676,224 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $275,184,724)(8) | | | 94.0 | % | | $ | 294,363,124 | |
| | | | Other Assets and Liabilities | | | 6.0 | % | | | 18,670,022 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 313,033,146 | |
| | | | | | | | | | | | |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| Equity industry classifications used in this report are the Global Industry Classification Standard (GICS®), which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | Non-income producing. |
(3) | Affiliated company as defined under Sections 2(a)(2) and 2(a)(3) of the Investment Company Act of 1940. Hartford Investment Management Company, the Fund’s adviser, is a wholly-owned subsidiary of The Hartford Financial Services Group, Inc. A summary of transactions for the six-month period ended June 30, 2016 is as follows: |
| | | | | | | | | | | | | | | | | | | | | | | | |
Company | | Beginning Value At January 1, 2016 | | | Purchase Cost | | | Sales Proceeds | | | Realized Gain (Loss) | | | Dividend Income | | | Ending Value At June 30, 2016 | |
Hartford Financial Services Group, Inc. (The) | | $ | 81,748 | | | $ | 811 | | | $ | 9,917 | | | $ | 540 | | | $ | 722 | | | $ | 74,070 | |
(4) | Variable rate securities; the rate reported is the coupon rate in effect at June 30, 2016. |
(5) | 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. Unless otherwise indicated, these holdings are determined to be liquid. At June 30, 2016, the aggregate value of these securities was $705,594, which represents 0.2% of total net assets. |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
(6) | 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, as amended, 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 | |
01/2013 - 10/2013 | | | 40,000 | | �� | Canadian Natural Resources Ltd. | | $ | 48,258 | |
11/2012 - 7/2014 | | | 65,000 | | | Devon Financing Co. LLC | | | 88,728 | |
12/2012 | | | 15,000 | | | Marathon Oil Corp. | | | 19,512 | |
12/2012 - 02/2015 | | | 60,000 | | | Noble Energy, Inc. | | | 70,814 | |
| | | | | | | | | | |
| | | | | | | | $ | 227,312 | |
| | | | | | | | | | |
At June 30, 2016, the aggregate value of these securities was $198,976, which represents 0.1% of total net assets.
(7) | The interest rate disclosed for these securities represents the effective yield on the date of the acquisition. |
(8) | At June 30, 2016, the cost of securities for federal income tax purposes was $275,674,663, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | 21,345,691 | |
Unrealized Depreciation | | | (2,657,230 | ) |
| | | | |
Net Unrealized Appreciation | | $ | 18,688,461 | |
| | | | |
Futures Contracts Outstanding at June 30, 2016
| | | | | | | | | | | | | | | | | | | | |
Description | | Number of Contracts | | | Expiration Date | | | Aggregate Cost | | | Value | | | Unrealized Appreciation/ (Depreciation) | |
Short position contracts: | | | | | | | | | | | | | | | | | | | | |
S&P 500 (E-Mini) | | | (1,672) | | | | 09/16/2016 | | | | (175,737,696) | | | $ | (174,740,720) | | | $ | 996,976 | |
Cash of $9,450,000 was pledged as initial margin deposit and collateral for the daily variation margin loss on open futures contracts at June 30, 2016.
| | |
GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
Index Abbreviations: |
S&P | | Standard & Poor’s |
|
Other Abbreviations: |
ETF | | Exchange Traded Fund |
FHLB | | Federal Home Loan Bank |
FHLMC | | Federal Home Loan Mortgage Corp. |
FNMA | | Federal National Mortgage Association |
GNMA | | Government National Mortgage Association |
REIT | | Real Estate Investment Trust |
|
Municipal Abbreviations: |
GO | | General Obligation |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Schedule of Investments – (concluded)
June 30, 2016 (Unaudited)
Credit Exposure
as of June 30, 2016
| | | | |
Credit Rating* | | Percentage of Net Assets | |
AAA/Aaa | | | 17.0 | % |
AA/Aa | | | 14.3 | |
A | | | 5.7 | |
BBB/Baa | | | 4.4 | |
Not Rated | | | — | |
Non-Debt Securities and Other Short-Term Instruments | | | 52.6 | |
Other assets and liabilities | | | 6.0 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
* | Credit exposure is the long-term credit ratings for the Fund’s holdings, as of the date noted, as provided by Standard and Poor’s (S&P) or Moody’s Investors Service and typically range from AAA/Aaa (highest) to C/D (lowest). If Moody’s and S&P assign different ratings, the lower rating is used. Fixed income securities that are not rated by either agency are listed as “Not Rated.” Ratings do not apply to the Fund itself or to Fund shares. Ratings may change. |
Investment Valuation Hierarchy Level Summary at June 30, 2016
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2(1) | | | Level 3(1) | |
Assets: | | | | | | | | | | | | | | | | |
Common Stocks(2) | | $ | 77,391,222 | | | $ | 77,391,222 | | | $ | — | | | $ | — | |
Exchange-Traded Funds | | | 527,836 | | | | 527,836 | | | | — | | | | — | |
Asset & Commercial Mortgage Backed Securities | | | 2,269,109 | | | | — | | | | 2,269,109 | | | | — | |
Corporate Bonds | | | 37,212,344 | | | | — | | | | 37,212,344 | | | | — | |
Foreign Government Obligations | | | 3,134,566 | | | | — | | | | 3,041,566 | | | | 93,000 | |
Municipal Bonds | | | 1,061,872 | | | | — | | | | 1,061,872 | | | | — | |
U.S. Government Agencies | | | 42,026,293 | | | | — | | | | 42,015,907 | | | | 10,386 | |
U.S. Government Securities | | | 44,063,658 | | | | 911,004 | | | | 43,152,654 | | | | — | |
Short-Term Investments | | | 86,676,224 | | | | — | | | | 86,676,224 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 294,363,124 | | | $ | 78,830,062 | | | $ | 215,429,676 | | | $ | 103,386 | |
| | | | | | | | | | | | | | | | |
Futures(3) | | $ | 996,976 | | | $ | 996,976 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 996,976 | | | $ | 996,976 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
(1) | For the six-month period ended June 30, 2016, investments valued at $76,500 were transferred from Level 2 to Level 3. |
(2) | Refer to the Schedule of Investments for further industry breakout. |
(3) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments. |
Note: | For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period. |
| Level 3 investments held by the Fund at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the six-month period ended June 30, 2016 is not presented. |
| None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Statement of Assets and Liabilities
June 30, 2016 (Unaudited)
| | | | |
Assets: | | | | |
Investments in unaffiliated securities, at market value (cost $275,116,344) | | $ | 294,289,054 | |
Investments in affiliated securities, at market value (cost $68,380) | | | 74,070 | |
Cash(1) | | | 20,189,274 | |
Receivables: | | | | |
Investment securities sold | | | 2,702,684 | |
Dividends and interest | | | 875,801 | |
Other assets | | | 3,285 | |
| | | | |
Total assets | | | 318,134,168 | |
| | | | |
Liabilities: | | | | |
Payables: | | | | |
Investment securities purchased | | | 2,707,045 | |
Fund shares redeemed | | | 68,082 | |
Investment management fees | | | 120,789 | |
Variation margin on financial derivative instruments | | | 1,956,240 | |
Distribution fees | | | 66,663 | |
Trustees fees | | | 6,096 | |
Accrued expenses | | | 176,107 | |
| | | | |
Total liabilities | | | 5,101,022 | |
| | | | |
Net assets | | $ | 313,033,146 | |
| | | | |
Summary of Net Assets: | | | | |
Capital stock and paid-in-capital | | $ | 400,429,844 | |
Undistributed net investment income | | | 1,296,909 | |
Accumulated net realized loss | | | (108,868,983 | ) |
Unrealized appreciation of investments | | | 20,175,376 | |
| | | | |
Net assets | | $ | 313,033,146 | |
| | | | |
Class IB: Net asset value per share | | $ | 7.67 | |
| | | | |
Shares Outstanding | | | 40,803,772 | |
| | | | |
Net Assets | | $ | 313,033,146 | |
| | | | |
(1) | Cash of $9,450,000 was pledged as collateral for open futures contracts as of June 30, 2016. |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Statement of Operations
For the Six-Month Period Ended June 30, 2016 (Unaudited)
| | | | |
Investment Income: | | | | |
Dividends from unaffiliated securities | | $ | 678,447 | |
Dividends from affiliates | | | 722 | |
Interest | | | 2,000,172 | |
| | | | |
Total investment income, net | | | 2,679,341 | |
| | | | |
Expenses: | | | | |
Investment management fees | | | 989,628 | |
Transfer agent fees | | | 2,517 | |
Distribution fees - Class IB | | | 412,345 | |
Custodian fees | | | 13,374 | |
Accounting service fees | | | 113,660 | |
Trustee fees | | | 32,512 | |
Audit fees | | | 17,698 | |
Printing fees | | | 19,558 | |
Legal fees | | | 40,401 | |
Insurance fees | | | 11,957 | |
Other expenses | | | 3,814 | |
| | | | |
Total expenses (before waivers) | | | 1,657,464 | |
| | | | |
Total waivers | | | (255,492 | ) |
| | | | |
Total expenses, net | | | 1,401,972 | |
| | | | |
Net Investment Income | | | 1,277,369 | |
| | | | |
Net Realized Gain on Investments and Other Financial Instruments: | | | | |
Net realized gain on investments in unaffiliated securities | | | 3,417,488 | |
Net realized gain on investments in affiliates | | | 540 | |
Net realized loss on purchased options | | | (20,461,748 | ) |
Net realized gain on written options | | | 11,900,300 | |
Net realized loss on futures | | | (9,800,118 | ) |
| | | | |
Net Realized Loss on Investments and Other Financial Instruments | | | (14,943,538 | ) |
| | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments and Other Financial Instruments: | | | | |
Net unrealized depreciation of investments | | | 4,030,755 | |
Net realized appreciation of purchased options | | | 20,311,609 | |
Net unrealized appreciation of futures contracts | | | 1,093,173 | |
Net realized depreciation of written options | | | (11,874,064 | ) |
| | | | |
Net Changes in Unrealized Appreciation of Investments and Other Financial Instruments | | | 13,561,473 | |
| | | | |
Net Realized and Unrealized Loss on Investments and Other Financial Instruments | | | (1,382,065 | ) |
| | | | |
Net Decrease in Net Assets Resulting from Operations | | $ | (104,696 | ) |
| | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Statement of Changes in Net Assets
(Unaudited)
| | | | | | | | |
| | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
Operations: | | | | | | | | |
Net investment income | | $ | 1,277,369 | | | $ | 2,698,766 | |
Net realized loss on investments and other financial instruments | | | (14,943,538 | ) | | | 600,506 | |
Net unrealized appreciation (depreciation) of investments and other financial instruments | | | 13,561,473 | | | | (10,051,848 | ) |
| | | | | | | | |
Net Decrease in Net Assets Resulting from Operations | | | (104,696 | ) | | | (6,752,576 | ) |
| | | | | | | | |
Distributions to Shareholders: | | | | | | | | |
From net investment income | | | | | | | | |
Class IB | | | — | | | | (3,190,703 | ) |
| | | | | | | | |
Total distributions | | | — | | | | (3,190,703 | ) |
| | | | | | | | |
Capital Share Transactions: | | | | | | | | |
Class IB | | | | | | | | |
Sold | | | 21,044,089 | | | | 41,697,059 | |
Issued on reinvestment of distributions | | | — | | | | 3,190,703 | |
Redeemed | | | (53,045,330 | ) | | | (106,812,104 | ) |
| | | | | | | | |
Total capital share transactions | | | (32,001,241 | ) | | | (61,924,342 | ) |
| | | | | | | | |
Net decrease from capital share transactions | | | (32,001,241 | ) | | | (61,924,342 | ) |
| | | | | | | | |
Net Decrease in Net Assets | | | (32,105,937 | ) | | | (71,867,621 | ) |
| | | | | | | | |
Net Assets: | | | | | | | | |
Beginning of period | | | 345,139,083 | | | | 417,006,704 | |
| | | | | | | | |
End of period | | $ | 313,033,146 | | | $ | 345,139,083 | |
| | | | | | | | |
Undistributed net investment income | | $ | 1,296,909 | | | $ | 19,540 | |
| | | | | | | | |
Shares: | | | | | | | | |
Class IB | | | | | | | | |
Sold | | | 2,736,901 | | | | 5,324,737 | |
Issued on reinvestment of distributions | | | — | | | | 414,916 | |
Redeemed | | | (6,824,234 | ) | | | (13,539,983 | ) |
| | | | | | | | |
Total share activity | | | (4,087,333 | ) | | | (7,800,330 | ) |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements
June 30, 2016 (Unaudited)
HIMCO Variable Insurance Trust (the “Trust”) is an open-end registered management investment company. The Trust is organized under the laws of the State of Delaware and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”).
HIMCO VIT Portfolio Diversifier Fund (the “Fund”) serves as an underlying investment option for certain variable annuity separate accounts of Hartford Life Insurance Company (“Hartford Life”) and its affiliates and Forethought Life Insurance Company (“Forethought”). The Fund’s shares are available only to separate accounts of Hartford Life and its affiliates and Forethought who have elected a guaranteed benefit rider subject to an allocation requiring investment in the Fund.
The Fund is a series of the Trust. The Fund is the successor of a series of Hartford Series Fund, Inc. (the “Hartford Portfolio Diversifier HLS Fund”). The reorganization of the Hartford Portfolio Diversifier HLS Fund with and into the Fund occurred on October 20,2014. All information regarding and references to periods prior to October 20, 2014 relate to the Hartford Portfolio Diversifier HLS Fund. The Fund is a diversified open-end management investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services – Investment Companies. The Fund is authorized to issue an unlimited number of shares.
Class IB shares of the Fund are offered at the per share net asset value (“NAV”) without a sales charge and are subject to distribution and service fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| a) | Determination of Net Asset Value – The NAV per share is determined for the Fund’s shares as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, the Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate the Fund’s NAV in accordance with applicable law. The NAV for each class of shares is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding for that class. For any day where, due to technical or other issues, trading is halted before the scheduled close of the Exchange, and not as part of a trading halt that is effected on a market-wide basis, the Fund may elect to continue to treat the Valuation Date as occurring at the time of the scheduled close of the Exchange. Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| b) | Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales were reported, market value is based on prices obtained from independent pricing services, a quotation reporting system or established market makers. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Trustees. |
Fixed income securities, including those with a remaining maturity of less than sixty (60 days), and non-exchange traded derivatives held by the Fund are valued in accordance with procedures established by the Board of Trustees. Such investments are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers. Prices obtained from independent pricing services use information provided by market makers or estimates of
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
market values obtained from yield data relating to investments or securities with similar characteristics. 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. Generally, the Fund may use fair valuation in regard to fixed income positions when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. If pricing services do not provide a price for short term investments maturing in 60 days or less, such investments are generally valued at amortized cost if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term exceeded 60 days.
Exchange traded futures, options and options on futures are valued in accordance with procedures established by the Board of Trustees. Such instruments are normally valued on the basis of quotes obtained from independent pricing services. Prices obtained from independent pricing services use most recent settlement prices and/or bid and ask prices for futures; and last sale prices and bid and ask prices for options and options on futures. If pricing services are not able to provide prices for futures, such instruments will generally be valued at the most recent trade price as of the NYSE Close. If pricing services are not able to provide prices for options and options on futures, such instruments will generally be valued on the basis of quotes obtained from brokers, dealers or market makers. If the option is out of the money and within 30 days of expiration and no bid price is available, the option may be valued at zero. If such instruments do not trade on an exchange, values may be supplied by an independent pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other adjustments.
Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Such open-end mutual funds may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Board of Trustees.
U.S. GAAP defines fair value as the price that a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
| • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
The procedures adopted by the Board of Trustees define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee has the overall responsibility for implementing the procedures adopted by the Board of Trustees, including the responsibility for determining the fair value of the Fund’s investments. The Valuation Committee is also responsible for determining in good faith the fair value of an investment when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment, as provided by the primary pricing service or alternative source, is believed not to reflect the investment’s fair value as of the Valuation Date.
The Valuation Committee is comprised of the Trust’s Chief Executive Officer, Treasurer, Chief Operating Officer, and Chief Legal Officer, or their designees. In addition, the Trust’s Chief Compliance Officer (“CCO”) shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures and to keep the Trust’s CCO regularly informed of pricing and Valuation Committee proceedings. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s adviser, knowledgeable brokers, and legal counsel in making such determination.
At each quarterly meeting of the Board of Trustees, the Valuation Committee provides a written report that includes details of all fair-valued investments to the extent any are fair-valued, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” review). The Board of Trustees then must consider for ratification all of the fair value determinations made during the previous quarter.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Investment Valuation Hierarchy Level Summary included in the Schedule of Investments.
| c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statement of Operations, as applicable.
| d) | Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
| 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 and plan participants. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.
Dividends are declared pursuant to a policy adopted by the Board of Trustees based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized 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 may include, but are not limited to, losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), Regulated Investment Companies (“RICs”), certain derivatives and partnerships. 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 Federal Income Taxes: Reclassification of Capital Accounts note).
3. | Securities and Other Investments: |
| a) | Repurchase Agreements and Reverse Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer, the Fund, at a mutually agreed upon time and price. A reverse repurchase agreement is an agreement by which the Fund agrees to sell an investment and agrees to repurchase the investment sold from the buyer, the counterparty, at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk – that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments 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, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of June 30, 2016. |
| b) | Illiquid and Restricted Investments – The Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments 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 investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid 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 investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on the Fund’s NAV. The Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the Board of Trustees. The Fund, as shown on the Schedule of Investments, had illiquid and/or restricted investments as of June 30, 2016. |
| c) | Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments 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. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund did not hold when-issued or delayed-delivery investments as of June 30, 2016. |
| d) | Mortgage Related and Other Asset Backed Securities – The Fund may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of pre-payments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The Fund, as shown on the Schedule of Investments, had mortgage related and other asset backed securities as of June 30, 2016. |
4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments in the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses in the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.
| a) | Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of June 30, 2016. |
| b) | Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. The Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities or commodities. “Covered” means that so long as the Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases the Fund’s exposure to the underlying instrument. Writing call options decreases the Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. The Fund as a writer of an option has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk the Fund may not be able to enter into a closing transaction because of an illiquid market. The Fund may also purchase put and call options. Purchasing call options increases the Fund’s exposure to the underlying instrument. Purchasing put options decreases the Fund’s exposure to the underlying instrument. The Fund pays a premium, which is included on the Fund’s Statement of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes the Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements. The Fund did not hold purchased options and written options contracts as of June 30, 2016. Transactions involving written options contracts during the six-month period ended June 30, 2016, are summarized below: |
| | | | | | | | |
| | Options Contract Activity During the Six-Month Period Ended June 30, 2016 | |
Put Options Written During the Period | | Number of Contracts | | | Premium Amounts | |
Beginning of the period | | | 97,255 | | | $ | 11,900,300 | |
Written | | | — | | | | — | |
Expired | | | (97,255 | ) | | | (11,900,300 | ) |
Closed | | | — | | | | — | |
Exercised | | | — | | | | — | |
| | | | | | | | |
End of period | | | — | | | $ | — | |
| | | | | | | | |
Additional Derivative Instrument Information:
Fair Value of Derivative Instruments in the Statement of Assets and Liabilities as of June 30, 2016:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Risk Exposure Category | |
| | Interest Rate Contracts | | | Foreign Exchange Contracts | | | Credit Contracts | | | Equity Contracts | | | Commodity Contracts | | | Other Contracts | | | Total | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized appreciation on futures(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 996,976 | | | $ | — | | | $ | — | | | $ | 996,976 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 996,976 | | | $ | — | | | $ | — | | | $ | 996,976 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Includes cumulative appreciation/depreciation on financial futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the six-month period ended June 30, 2016.
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
The Effect of Derivative Instruments in the Statement of Operations for the six-month period ended June 30, 2016:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Risk Exposure Category | |
| | Interest Rate Contracts | | | Foreign Exchange Contracts | | | Credit Contracts | | | Equity Contracts | | | Commodity Contracts | | | Other Contracts | | | Total | |
Realized Gain on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | |
Net realized loss on purchased options | | $ | — | | | $ | — | | | $ | — | | | $ | (20,461,748 | ) | | $ | — | | | $ | — | | | $ | (20,461,748 | ) |
Net realized loss on futures | | | — | | | | — | | | | — | | | | (9,800,118 | ) | | | — | | | | — | | | | (9,800,118 | ) |
Net realized gain on written options | | | — | | | | — | | | | — | | | | 11,900,300 | | | | — | | | | — | | | | 11,900,300 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (18,361,566 | ) | | $ | — | | | $ | — | | | $ | (18,361,566 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | |
Net change in unrealized depreciation of investments in purchased options | | $ | — | | | $ | — | | | $ | — | | | $ | 20,311,609 | | | $ | — | | | $ | — | | | $ | 20,311,609 | |
Net change in unrealized appreciation of futures | | | — | | | | — | | | | — | | | | 1,093,173 | | | | — | | | | — | | | | 1,093,173 | |
Net change in unrealized appreciation of written options | | | — | | | | — | | | | — | | | | (11,874,064 | ) | | | — | | | | — | | | | (11,874,064 | ) |
| | | | | | | �� | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 9,530,718 | | | $ | — | | | $ | — | | | $ | 9,530,718 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The derivatives held by the Fund as of June 30, 2016 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.
The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.
Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, the Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.
The Fund’s investments expose the Fund to various risks including, but not limited to, interest rate, prepayment, extension and equity risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by the Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| a) | Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (“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 the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains 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), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, paydown gain/loss, adjustments related to certain corporate actions, REITS, RICs and certain derivatives. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund. |
| c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable): |
| | | | | | | | |
| | For the Year Ended December 31, 2015 | | | For the Year Ended December 31, 2014 | |
Ordinary Income | | $ | 3,190,703 | | | $ | 3,009,019 | |
As of December 31, 2015, the Fund’s components of distributable earnings (deficit) on a tax basis were as follows:
| | | | |
| | Amount | |
Undistributed Ordinary Income | | $ | 19,540 | |
Undistributed Long-Term Capital Gain | | | — | |
Accumulated Capital and Other Losses | | | (81,971,781 | ) |
Unrealized Appreciation (Depreciation)(1) | | | (5,339,761 | ) |
| | | | |
Total Accumulated Earnings (Deficit) | | $ | (87,292,002 | ) |
| | | | |
| (1) | Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, and adjustments related to REITs, RICs, certain derivatives and corporate actions. |
| d) | Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as paydown gain/loss and certain distributions from REITs after gain/loss. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the fiscal year ended December 31, 2015, the Fund recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | |
| | Amount | |
Paid In Capital | | $ | (25,514 | ) |
Undistributed Net Investment Income | | | 493,534 | |
Accumulated Net Realized Loss | | | (468,020 | ) |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| e) | Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation. |
At December 31, 2015 (tax-year-end), the Fund had capital loss carryforwards for U.S. federal income tax purposes as follows:
Capital loss carryforwards with no expiration:
| | | | |
| | Amount | |
Short-Term Capital Loss Carryforward | | $ | 33,532,945 | |
Long-Term Capital Loss Carryforward | | | 48,438,836 | |
| | | | |
Total | | $ | 81,971,781 | |
| | | | |
| f) | Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress. |
The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended December 31, 2015. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
| a) | Investment Management Agreement – Hartford Investment Management Company (“Hartford Investment Management”) serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Trust. Hartford Investment Management is a wholly owned subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). The investment manager provides day-to-day investment management services to the Fund and has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for operation of the Fund. |
The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of June 30, 2016; the rates are accrued daily and paid monthly.
| | | | |
Average Daily Net Assets | | Annual Fee | |
On first $500 million | | | 0.60 | % |
On next $500 million | | | 0.55 | % |
On next $4 billion | | | 0.50 | % |
On next $5 billion | | | 0.48 | % |
Over $10 billion | | | 0.47 | % |
| b) | Accounting Services Agreement – State Street Bank and Trust Company (“State Street Bank”) provides the Fund with accounting services pursuant to a fund accounting agreement by and between the Trust, on behalf of the Fund, and State Street Bank. The amount paid for accounting services can be found in the Statement of Operations. These fees are accrued daily and paid monthly. |
| c) | Operating Expenses – Allocable expenses incurred by the Trust are allocated to the Fund in proportion to the average daily net assets of the Fund, except where allocation of certain expenses is more fairly made directly to the Fund. |
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
Hartford Investment Management has contractually agreed to reimburse expenses (exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual operating expenses for the Class IB shares of the Fund at the annual rate of 0.85% of average daily net assets. This contractual arrangement will remain in effect until April 30, 2017 and shall renew automatically for one-year terms, unless the investment manager provides written notice of termination prior to the start of the next term or upon approval of the Board of Trustees of the Fund.
| d) | Distribution Plan for Class IB Shares – HIMCO Distribution Services Company, a wholly owned subsidiary of The Hartford, serves as the principal underwriter and distributor of the Fund. The Trust, on behalf of the Fund, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for 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. |
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 of Trustees 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 that may be used to pay or reimburse 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. The distribution fee paid during the period can be found in the Statement of Operations. These fees are accrued daily and paid monthly or at such other intervals as the Board of Trustees may determine.
| e) | Transfer Agent Fees – State Street Bank provides transfer agent services to the Fund. The transfer agent is reimbursed for out-of-pocket expenses and other costs associated with the services it provides to the Fund, including costs invoiced by sub-contractors. Hartford Investment Management and its affiliates may pay, out of their own assets, compensation to third-party administrators for recordkeeping and other administrative services. The amount paid for transfer agent services can be found in the Statement of Operations. These fees are accrued daily and paid monthly. |
| f) | Trustee Fees – The Board of Trustees is responsible for oversight of the Fund. The Board of Trustees elects officers who are responsible for the day to day operations of the Fund. The Board of Trustees oversees the investment manager and the other principal service providers of the Fund. The Board of Trustees currently holds four regularly scheduled meetings throughout each year. In addition, the Board of Trustees may hold special meetings at other times either in person or by telephone. A portion of the compensation of the Fund’s CCO was allocated to each operational investment company in the Trust and is included in the Trustee fees. The Trustee fees paid during the period can be found in the Statement of Operations. |
8. | Investment Transactions: |
For the six-month period ended June 30, 2016, the aggregate cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | | | | | | | | | |
| | Excluding Government Obligations | | | U.S. Government Obligations | | | Total | |
Cost of Purchases | | $ | 10,410,990 | | | $ | 27,947,195 | | | $ | 38,358,185 | |
Sales Proceeds | | | 22,661,360 | | | | 46,099,231 | | | | 68,760,591 | |
Under the Trust’s organizational documents, the Trust shall indemnify its officers and trustees to the full extent required or permitted under Delaware Statutory Trust Act and the federal securities laws. In addition, the Trust, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Trust’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
|
HIMCO VIT Portfolio Diversifier Fund |
Notes to Financial Statements – (concluded)
June 30, 2016 (Unaudited)
Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the Financials Statements were issued. Based on this evaluation, no disclosures were required to the Financial Statements as of June 30, 2016.
|
HIMCO VIT Portfolio Diversifier Fund |
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments | | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | | | Ratio of Net Investment Income (Loss) to Average Net Assets | |
HIMCO VIT Portfolio Diversifier Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 7.69 | | | $ | 0.03 | | | $ | (0.05 | ) | | $ | (0.02 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 7.67 | | | | (0.26 | )%(4) | | $ | 313,033 | | | | 1.00 | %(5) | | | 0.85 | %(5) | | | 0.77 | %(5) |
| | | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 7.91 | | | $ | 0.06 | | | $ | (0.21 | ) | | $ | (0.15 | ) | | $ | (0.07 | ) | | $ | — | | | $ | (0.07 | ) | | $ | 7.69 | | | | (1.89 | )% | | $ | 345,139 | | | | 1.02 | % | | | 0.85 | % | | | 0.71 | % |
| | | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 8.13 | | | $ | 0.05 | | | $ | (0.21 | ) | | $ | (0.16 | ) | | $ | (0.06 | ) | | $ | — | | | $ | (0.06 | ) | | $ | 7.91 | | | | (2.03 | )% | | $ | 417,007 | | | | 0.90 | % | | | 0.85 | % | | | 0.59 | % |
| | | | | | | | | |
For the Year Ended December 31, 2013(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 9.38 | | | $ | 0.03 | | | $ | (1.25 | ) | | $ | (1.22 | ) | | $ | (0.03 | ) | | $ | — | | | $ | (0.03 | ) | | $ | 8.13 | | | | (12.96 | )% | | $ | 443,121 | | | | 0.89 | % | | | 0.85 | % | | | 0.29 | % |
| | | | | | | | | |
For the Year Ended December 31, 2012(6)(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.18 | | | $ | 0.02 | | | $ | (0.79 | ) | | $ | (0.77 | ) | | $ | (0.03 | ) | | $ | — | | | $ | (0.03 | ) | | $ | 9.38 | | | | (7.58 | )% | | $ | 295,762 | | | | 0.91 | % | | | 0.85 | % | | | 0.27 | % |
| | | | | | | | | |
For the Year Ended December 31, 2011(6)(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IB | | $ | 10.00 | | | $ | 0.04 | | | $ | 0.19 | | | $ | 0.23 | | | $ | (0.03 | ) | | $ | (0.02 | ) | | $ | (0.05 | ) | | $ | 10.18 | | | | 2.38 | %(4) | | $ | 106,581 | | | | 0.93 | %(5) | | | 0.85 | %(5) | | | 0.58 | %(5) |
(1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
(2) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. |
(3) | Adjustments include waivers and reimbursements, if applicable. |
(6) | These financial highlights were audited by other auditors. |
(7) | Net investment income (loss) per share amounts have been calculated using the SEC method. |
(8) | Commenced operations on June 6, 2011. |
| | | | |
| | Portfolio Turnover Rate for All Share Classes | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | 18 | % |
For the Year Ended December 31, 2015 | | | 34 | |
For the Year Ended December 31, 2014 | | | 33 | |
For the Year Ended December 31, 2013(1) | | | 31 | |
For the Year Ended December 31, 2012(1) | | | 61 | |
From June 6, 2011 (commencement of operations) through December 31, 2011(1) | | | 43 | |
(1) | These financial highlights were audited by other auditors. |
|
HIMCO VIT Portfolio Diversifier Fund |
HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
|
HIMCO VIT Portfolio Diversifier Fund |
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of January 1, 2016 through June 30, 2016.
Actual Expenses
The first set of rows of the table below provides information about actual account values and actual expenses. You may use the information in this row, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of rows of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or fees which may be applied at the variable life insurance, variable annuity, or qualified retirement plan product level. Therefore, the second set of rows 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.
| | | | | | | | | | | | | | | | |
| | Beginning Account Value 1/1/16 | | | Ending Account Value 6/30/16 | | | Expenses Paid During Period 1/1/16 - 6/30/16* | | | Annualized Expense Ratio | |
Actual | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000 | | | $ | 997.40 | | | $ | 4.22 | | | | 0.85 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IB | | $ | 1,000 | | | $ | 1,020.64 | | | $ | 4.27 | | | | 0.85 | % |
* | Expenses are equal to the class’s annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 182, the number of days in the most recent fiscal half-year, divided by 366, to reflect the one-half year period. |
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates
(herein called “we, our and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.
This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.
We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications, Transactions, and consumer reports.
To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.
As allowed by law, we may share Personal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
to You without providing You with an option to prevent these disclosures.
We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serve You and service our business.
When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint
agreement between us and one or more financial institutions.
We, and third parties we partner with, may track some of the pages You visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.
For more information, please see our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, which is available at Online Privacy Policy.
We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
a) “opt-out;” or
b) “opt-in;”
as required by law.
We only disclose Personal Health Information with:
a) your proper written authorization; or
b) as otherwise allowed or required by law.
Our employees have access to Personal Information in
the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.
We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.
Some techniques we use to protect Personal Information
include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.
We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data;
c) grant access to protected data only to those people who must use it in the performance of their job-related duties.
Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.
At the start of our business relationship, we will give You a copy of our current Privacy Policy.
We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.
We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service.
Personal Financial Information means financial information
such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.
Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.
Personal Health Information means health information
such as:
a) your medical records; or
b) information about your illness, disability or injury.
Personal Information means information that identifies
You personally and is not otherwise available to the public. It includes:
a) Personal Financial Information; and
b) Personal Health Information.
Transaction means your business dealings with us, such as:
a) your Application;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.
You means an individual who has given us Personal Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; DMS R, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC (Delaware); FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Financial Services, LLC; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life, Inc.; Hartford Life International Holding Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; HDC R, LLC .; Heritage Holdings, Inc.; HIMCO Distribution Services Company; HIMCO Variable Insurance Trust; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; ; Lanidex R, LLC (Delaware); MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.
Revised March 2016

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 product prospectus (which contains all pertinent information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Fund available for investment thereunder.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
You should carefully consider investment objectives, risks, and charges and expenses of the HIMCO VIT Portfolio Diversifier Fund before investing. This and other information can be found in the Fund’s prospectus or summary prospectus, which can be obtained from your investment representative or from www.hvitfunds.com. Please read them carefully before investing.
Hartford Investment Management is an SEC-registered investment adviser. SEC registration does not imply a certain level of skill or training; nor does it imply that the SEC has sponsored, recommended, or otherwise approved of Hartford Investment Management.
Distributor: HIMCO Distribution Services Company, member FINRA, SIPC, a broker-dealer affiliated with Hartford Investment Management. Not FDIC Insured – No Bank Guarantee – May Lose Value

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HIMCO VIT Index Fund
Table of Contents
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 product prospectus (which contains all pertinent information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Fund available for investment thereunder.
Schedule of Investments
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% | |
| | | Automobiles & Components - 0.9% | |
| 12,367 | | | BorgWarner, Inc. | | $ | 365,074 | |
| 15,591 | | | Delphi Automotive plc | | | 975,997 | |
| 222,787 | | | Ford Motor Co. | | | 2,800,432 | |
| 80,044 | | | General Motors Co. | | | 2,265,245 | |
| 15,105 | | | Goodyear Tire & Rubber Co. (The) | | | 387,594 | |
| 10,282 | | | Harley-Davidson, Inc. | | | 465,775 | |
| 37,045 | | | Johnson Controls, Inc. | | | 1,639,612 | |
| | | | | | | | |
| | | | | | | 8,899,729 | |
| | | | | | | | |
| | | Banks - 5.2% | |
| 585,965 | | | Bank of America Corp. | | | 7,775,756 | |
| 46,838 | | | BB&T Corp. | | | 1,667,901 | |
| 167,427 | | | Citigroup, Inc. | | | 7,097,231 | |
| 30,183 | | | Citizens Financial Group, Inc. | | | 603,056 | |
| 10,100 | | | Comerica, Inc. | | | 415,413 | |
| 43,793 | | | Fifth Third Bancorp | | | 770,319 | |
| 45,251 | | | Huntington Bancshares, Inc. | | | 404,544 | |
| 208,585 | | | JPMorgan Chase & Co. | | | 12,961,472 | |
| 47,670 | | | KeyCorp | | | 526,753 | |
| 9,109 | | | M&T Bank Corp. | | | 1,076,957 | |
| 18,081 | | | People’s United Financial, Inc. | | | 265,067 | |
| 28,462 | | | PNC Financial Services Group, Inc. (The) | | | 2,316,522 | |
| 72,192 | | | Regions Financial Corp. | | | 614,354 | |
| 28,510 | | | SunTrust Banks, Inc. | | | 1,171,191 | |
| 92,553 | | | US Bancorp | | | 3,732,662 | |
| 263,535 | | | Wells Fargo & Co. | | | 12,473,112 | |
| 11,632 | | | Zions Bancorp | | | 292,312 | |
| | | | | | | | |
| | | | | | | 54,164,622 | |
| | | | | | | | |
| | | Capital Goods - 7.4% | |
| 34,594 | | | 3M Co. | | | 6,058,101 | |
| 2,491 | | | Acuity Brands, Inc. | | | 617,668 | |
| 5,524 | | | Allegion plc | | | 383,531 | |
| 13,393 | | | AMETEK, Inc. | | | 619,158 | |
| 34,165 | | | Boeing Co. (The) | | | 4,437,009 | |
| 33,301 | | | Caterpillar, Inc. | | | 2,524,549 | |
| 9,040 | | | Cummins, Inc. | | | 1,016,458 | |
| 34,177 | | | Danaher Corp. | | | 3,451,877 | |
| 17,052 | | | Deere & Co. | | | 1,381,894 | |
| 8,813 | | | Dover Corp. | | | 610,917 | |
| 26,112 | | | Eaton Corp. plc | | | 1,559,670 | |
| 36,626 | | | Emerson Electric Co. | | | 1,910,412 | |
| 16,386 | | | Fastenal Co. | | | 727,375 | |
| 7,403 | | | Flowserve Corp. | | | 334,394 | |
| 7,986 | | | Fluor Corp. | | | 393,550 | |
| 8,780 | | | Fortune Brands Home & Security, Inc. | | | 508,977 | |
| 16,391 | | | General Dynamics Corp. | | | 2,282,283 | |
| 524,526 | | | General Electric Co. | | | 16,512,079 | |
| 43,479 | | | Honeywell International, Inc. | | | 5,057,477 | |
| 18,449 | | | Illinois Tool Works, Inc. | | | 1,921,648 | |
| 14,656 | | | Ingersoll-Rand plc | | | 933,294 | |
| 7,040 | | | Jacobs Engineering Group, Inc.(2) | | | 350,662 | |
| 4,394 | | | L-3 Communications Holdings, Inc. | | | 644,556 | |
| 14,920 | | | Lockheed Martin Corp. | | | 3,702,696 | |
| 18,894 | | | Masco Corp. | | | 584,580 | |
| 10,312 | | | Northrop Grumman Corp. | | | 2,292,151 | |
| 19,943 | | | PACCAR, Inc. | | | 1,034,443 | |
| 7,721 | | | Parker-Hannifin Corp. | | | 834,254 | |
| 10,316 | | | Pentair plc | | | 601,320 | |
| 8,534 | | | Quanta Services, Inc.(2) | | | 197,306 | |
| 16,943 | | | Raytheon Co. | | | 2,303,401 | |
| 7,403 | | | Rockwell Automation, Inc. | | | 850,013 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Capital Goods - 7.4% - (continued) | |
| 7,412 | | | Rockwell Collins, Inc. | | $ | 631,058 | |
| 5,797 | | | Roper Technologies, Inc. | | | 988,736 | |
| 3,307 | | | Snap-on, Inc. | | | 521,911 | |
| 8,564 | | | Stanley Black & Decker, Inc. | | | 952,488 | |
| 15,352 | | | Textron, Inc. | | | 561,269 | |
| 3,023 | | | TransDigm Group, Inc.(2) | | | 797,135 | |
| 4,993 | | | United Rentals, Inc.(2) | | | 335,030 | |
| 44,401 | | | United Technologies Corp. | | | 4,553,323 | |
| 3,221 | | | WW Grainger, Inc. | | | 731,972 | |
| 10,257 | | | Xylem, Inc. | | | 457,975 | |
| | | | | | | | |
| | | | | | | 77,168,600 | |
| | | | | | | | |
| | | Commercial & Professional Services - 0.7% | |
| 4,940 | | | Cintas Corp. | | | 484,762 | |
| 2,034 | | | Dun & Bradstreet Corp. (The) | | | 247,823 | |
| 6,795 | | | Equifax, Inc. | | | 872,478 | |
| 20,554 | | | Nielsen Holdings plc | | | 1,068,191 | |
| 10,768 | | | Pitney Bowes, Inc. | | | 191,670 | |
| 13,471 | | | Republic Services, Inc. | | | 691,197 | |
| 7,541 | | | Robert Half International, Inc. | | | 287,765 | |
| 4,830 | | | Stericycle, Inc.(2) | | | 502,900 | |
| 24,302 | | | Tyco International plc | | | 1,035,265 | |
| 8,794 | | | Verisk Analytics, Inc.(2) | | | 713,017 | |
| 23,539 | | | Waste Management, Inc. | | | 1,559,930 | |
| | | | | | | | |
| | | | | | | 7,654,998 | |
| | | | | | | | |
| | | Consumer Durables & Apparel - 1.4% | |
| 15,815 | | | Coach, Inc. | | | 644,303 | |
| 18,732 | | | DR Horton, Inc. | | | 589,683 | |
| 6,679 | | | Garmin Ltd. | | | 283,323 | |
| 21,547 | | | Hanesbrands, Inc. | | | 541,476 | |
| 3,968 | | | Harman International Industries, Inc. | | | 284,982 | |
| 6,402 | | | Hasbro, Inc. | | | 537,704 | |
| 7,671 | | | Leggett & Platt, Inc. | | | 392,065 | |
| 10,460 | | | Lennar Corp., Class A | | | 482,206 | |
| 19,356 | | | Mattel, Inc. | | | 605,649 | |
| 10,070 | | | Michael Kors Holdings Ltd.(2) | | | 498,264 | |
| 3,636 | | | Mohawk Industries, Inc.(2) | | | 689,967 | |
| 26,012 | | | Newell Brands, Inc. | | | 1,263,403 | |
| 75,963 | | | NIKE, Inc., Class B | | | 4,193,158 | |
| 17,852 | | | PulteGroup, Inc. | | | 347,936 | |
| 4,677 | | | PVH Corp. | | | 440,714 | |
| 3,202 | | | Ralph Lauren Corp. | | | 286,963 | |
| 10,510 | | | Under Armour, Inc., Class A(2) | | | 421,766 | |
| 10,581 | | | Under Armour, Inc., Class C(2) | | | 385,148 | |
| 19,043 | | | VF Corp. | | | 1,170,954 | |
| 4,312 | | | Whirlpool Corp. | | | 718,552 | |
| | | | | | | | |
| | | | | | | 14,778,216 | |
| | | | | | | | |
| | | Consumer Services - 1.7% | |
| 25,018 | | | Carnival Corp. | | | 1,105,796 | |
| 1,666 | | | Chipotle Mexican Grill, Inc.(2) | | | 670,998 | |
| 6,500 | | | Darden Restaurants, Inc. | | | 411,710 | |
| 12,801 | | | H&R Block, Inc. | | | 294,423 | |
| 10,923 | | | Marriott International, Inc., Class A | | | 725,943 | |
| 50,072 | | | McDonald’s Corp. | | | 6,025,665 | |
| 9,556 | | | Royal Caribbean Cruises Ltd. | | | 641,685 | |
| 83,568 | | | Starbucks Corp. | | | 4,773,404 | |
| 9,551 | | | Starwood Hotels & Resorts Worldwide, Inc. | | | 706,296 | |
| 6,418 | | | Wyndham Worldwide Corp. | | | 457,154 | |
| 4,655 | | | Wynn Resorts Ltd. | | | 421,929 | |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Consumer Services - 1.7% - (continued) | |
| 23,268 | | | Yum! Brands, Inc. | | $ | 1,929,383 | |
| | | | | | | | |
| | | | | | | 18,164,386 | |
| | | | | | | | |
| | | Diversified Financials - 4.6% | |
| 3,079 | | | Affiliated Managers Group, Inc.(2) | | | 433,431 | |
| 46,053 | | | American Express Co. | | | 2,798,180 | |
| 9,463 | | | Ameriprise Financial, Inc. | | | 850,250 | |
| 61,512 | | | Bank of New York Mellon Corp. (The) | | | 2,389,741 | |
| 106,882 | | | Berkshire Hathaway, Inc., Class B(2) | | | 15,475,445 | |
| 7,160 | | | BlackRock, Inc. | | | 2,452,515 | |
| 29,145 | | | Capital One Financial Corp. | | | 1,850,999 | |
| 68,757 | | | Charles Schwab Corp. (The) | | | 1,740,240 | |
| 19,279 | | | CME Group, Inc. | | | 1,877,774 | |
| 23,579 | | | Discover Financial Services | | | 1,263,599 | |
| 16,077 | | | E*TRADE Financial Corp.(2) | | | 377,649 | |
| 20,889 | | | Franklin Resources, Inc. | | | 697,066 | |
| 22,035 | | | Goldman Sachs Group, Inc. (The) | | | 3,273,960 | |
| 6,811 | | | Intercontinental Exchange, Inc. | | | 1,743,343 | |
| 23,983 | | | Invesco Ltd. | | | 612,526 | |
| 6,121 | | | Legg Mason, Inc. | | | 180,508 | |
| 18,790 | | | Leucadia National Corp. | | | 325,631 | |
| 9,666 | | | Moody’s Corp. | | | 905,801 | |
| 86,197 | | | Morgan Stanley | | | 2,239,398 | |
| 6,657 | | | NASDAQ, Inc. | | | 430,508 | |
| 19,218 | | | Navient Corp. | | | 229,655 | |
| 12,168 | | | Northern Trust Corp. | | | 806,252 | |
| 15,087 | | | S&P Global, Inc. | | | 1,618,232 | |
| 22,588 | | | State Street Corp. | | | 1,217,945 | |
| 47,726 | | | Synchrony Financial(2) | | | 1,206,513 | |
| 14,166 | | | T Rowe Price Group, Inc. | | | 1,033,693 | |
| | | | | | | | |
| | | | | | | 48,030,854 | |
| | | | | | | | |
| | | Energy - 7.4% | |
| 29,092 | | | Anadarko Petroleum Corp. | | | 1,549,149 | |
| 21,631 | | | Apache Corp. | | | 1,204,198 | |
| 25,097 | | | Baker Hughes, Inc. | | | 1,132,628 | |
| 26,577 | | | Cabot Oil & Gas Corp. | | | 684,092 | |
| 33,203 | | | Chesapeake Energy Corp.(2) | | | 142,109 | |
| 107,496 | | | Chevron Corp. | | | 11,268,806 | |
| 5,402 | | | Cimarex Energy Co. | | | 644,567 | |
| 22,907 | | | Columbia Pipeline Group, Inc. | | | 583,899 | |
| 7,421 | | | Concho Resources, Inc.(2) | | | 885,103 | |
| 70,575 | | | ConocoPhillips | | | 3,077,070 | |
| 29,842 | | | Devon Energy Corp. | | | 1,081,772 | |
| 3,509 | | | Diamond Offshore Drilling, Inc. | | | 85,374 | |
| 31,401 | | | EOG Resources, Inc. | | | 2,619,471 | |
| 9,831 | | | EQT Corp. | | | 761,214 | |
| 236,555 | | | Exxon Mobil Corp. | | | 22,174,666 | |
| 12,923 | | | FMC Technologies, Inc.(2) | | | 344,656 | |
| 49,051 | | | Halliburton Co. | | | 2,221,520 | |
| 6,165 | | | Helmerich & Payne, Inc. | | | 413,856 | |
| 15,036 | | | Hess Corp. | | | 903,664 | |
| 104,079 | | | Kinder Morgan, Inc. | | | 1,948,359 | |
| 48,453 | | | Marathon Oil Corp. | | | 727,279 | |
| 30,057 | | | Marathon Petroleum Corp. | | | 1,140,964 | |
| 9,183 | | | Murphy Oil Corp. | | | 291,560 | |
| 21,544 | | | National Oilwell Varco, Inc. | | | 724,956 | |
| 11,255 | | | Newfield Exploration Co.(2) | | | 497,246 | |
| 24,358 | | | Noble Energy, Inc. | | | 873,721 | |
| 43,609 | | | Occidental Petroleum Corp. | | | 3,295,096 | |
| 12,025 | | | ONEOK, Inc. | | | 570,586 | |
| 26,725 | | | Phillips 66 | | | 2,120,361 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Energy - 7.4% - (continued) | |
| 9,351 | | | Pioneer Natural Resources Co. | | $ | 1,413,965 | |
| 9,663 | | | Range Resources Corp. | | | 416,862 | |
| 79,274 | | | Schlumberger Ltd. | | | 6,268,988 | |
| 27,310 | | | Southwestern Energy Co.(2) | | | 343,560 | |
| 39,011 | | | Spectra Energy Corp. | | | 1,428,973 | |
| 6,879 | | | Tesoro Corp. | | | 515,375 | |
| 19,889 | | | Transocean Ltd. | | | 236,480 | |
| 26,753 | | | Valero Energy Corp. | | | 1,364,403 | |
| 39,108 | | | Williams Cos., Inc. (The) | | | 845,906 | |
| | | | | | | | |
| | | | | | | 76,802,454 | |
| | | | | | | | |
| | | Food & Staples Retailing - 2.3% | |
| 24,977 | | | Costco Wholesale Corp. | | | 3,922,388 | |
| 61,264 | | | CVS Health Corp. | | | 5,865,415 | |
| 54,404 | | | Kroger Co. (The) | | | 2,001,523 | |
| 29,821 | | | Sysco Corp. | | | 1,513,118 | |
| 87,106 | | | Wal-Mart Stores, Inc. | | | 6,360,480 | |
| 49,297 | | | Walgreens Boots Allliance, Inc. | | | 4,104,961 | |
| 18,285 | | | Whole Foods Market, Inc. | | | 585,486 | |
| | | | | | | | |
| | | | | | | 24,353,371 | |
| | | | | | | | |
| | | Food, Beverage & Tobacco - 6.0% | |
| 111,676 | | | Altria Group, Inc. | | | 7,701,177 | |
| 33,512 | | | Archer-Daniels-Midland Co. | | | 1,437,330 | |
| 5,694 | | | Brown-Forman Corp., Class B | | | 568,033 | |
| 10,265 | | | Campbell Soup Co. | | | 682,930 | |
| 222,133 | | | Coca-Cola Co. (The) | | | 10,069,289 | |
| 24,913 | | | ConAgra Foods, Inc. | | | 1,191,091 | |
| 10,067 | | | Constellation Brands, Inc., Class A | | | 1,665,082 | |
| 10,634 | | | Dr Pepper Snapple Group, Inc. | | | 1,027,563 | |
| 33,989 | | | General Mills, Inc. | | | 2,424,096 | |
| 7,988 | | | Hershey Co. (The) | | | 906,558 | |
| 15,385 | | | Hormel Foods Corp. | | | 563,091 | |
| 6,856 | | | JM Smucker Co. (The) | | | 1,044,923 | |
| 14,416 | | | Kellogg Co. | | | 1,177,066 | |
| 33,981 | | | Kraft Heinz Co. (The) | | | 3,006,639 | |
| 6,545 | | | McCormick & Co., Inc. | | | 698,155 | |
| 10,680 | | | Mead Johnson Nutrition Co. | | | 969,210 | |
| 10,518 | | | Molson Coors Brewing Co., Class B | | | 1,063,685 | |
| 88,507 | | | Mondelez International, Inc., Class A | | | 4,027,954 | |
| 8,010 | | | Monster Beverage Corp.(2) | | | 1,287,287 | |
| 82,436 | | | PepsiCo, Inc. | | | 8,733,270 | |
| 88,442 | | | Philip Morris International, Inc. | | | 8,996,320 | |
| 47,163 | | | Reynolds American, Inc. | | | 2,543,501 | |
| 17,132 | | | Tyson Foods, Inc., Class A | | | 1,144,246 | |
| | | | | | | | |
| | | | | | | 62,928,496 | |
| | | | | | | | |
| | | Health Care Equipment & Services - 5.3% | |
| 83,853 | | | Abbott Laboratories | | | 3,296,261 | |
| 19,993 | | | Aetna, Inc. | | | 2,441,745 | |
| 10,449 | | | AmerisourceBergen Corp. | | | 828,815 | |
| 14,991 | | | Anthem, Inc. | | | 1,968,918 | |
| 31,537 | | | Baxter International, Inc. | | | 1,426,103 | |
| 12,120 | | | Becton Dickinson and Co. | | | 2,055,431 | |
| 77,343 | | | Boston Scientific Corp.(2) | | | 1,807,506 | |
| 18,561 | | | Cardinal Health, Inc. | | | 1,447,944 | |
| 9,754 | | | Centene Corp.(2) | | | 696,143 | |
| 17,123 | | | Cerner Corp.(2) | | | 1,003,408 | |
| 14,639 | | | Cigna Corp. | | | 1,873,645 | |
| 4,193 | | | CR Bard, Inc. | | | 986,026 | |
| 9,274 | | | DaVita HealthCare Partners, Inc.(2) | | | 717,066 | |
| 13,342 | | | DENTSPLY SIRONA, Inc. | | | 827,738 | |
| 12,071 | | | Edwards Lifesciences Corp.(2) | | | 1,203,841 | |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Health Care Equipment & Services - 5.3% - (continued) | |
| 36,153 | | | Express Scripts Holding Co.(2) | | $ | 2,740,397 | |
| 17,161 | | | HCA Holdings, Inc.(2) | | | 1,321,569 | |
| 4,694 | | | Henry Schein, Inc.(2) | | | 829,899 | |
| 13,798 | | | Hologic, Inc.(2) | | | 477,411 | |
| 8,496 | | | Humana, Inc. | | | 1,528,260 | |
| 2,169 | | | Intuitive Surgical, Inc.(2) | | | 1,434,598 | |
| 5,879 | | | Laboratory Corp. of America Holdings(2) | | | 765,857 | |
| 12,832 | | | McKesson Corp. | | | 2,395,093 | |
| 80,176 | | | Medtronic plc | | | 6,956,871 | |
| 4,851 | | | Patterson Cos., Inc. | | | 232,314 | |
| 8,044 | | | Quest Diagnostics, Inc. | | | 654,862 | |
| 16,250 | | | St Jude Medical, Inc. | | | 1,267,500 | |
| 17,931 | | | Stryker Corp. | | | 2,148,672 | |
| 54,234 | | | UnitedHealth Group, Inc. | | | 7,657,841 | |
| 5,138 | | | Universal Health Services, Inc., Class B | | | 689,006 | |
| 5,493 | | | Varian Medical Systems, Inc.(2) | | | 451,689 | |
| 11,410 | | | Zimmer Biomet Holdings, Inc. | | | 1,373,536 | |
| | | | | | | | |
| | | | | | | 55,505,965 | |
| | | | | | | | |
| | | Household & Personal Products - 2.1% | |
| 7,291 | | | Church & Dwight Co., Inc. | | | 750,171 | |
| 7,415 | | | Clorox Co. (The) | | | 1,026,162 | |
| 51,003 | | | Colgate-Palmolive Co. | | | 3,733,420 | |
| 12,698 | | | Estee Lauder Cos., Inc. (The), Class A | | | 1,155,772 | |
| 20,561 | | | Kimberly-Clark Corp. | | | 2,826,726 | |
| 151,815 | | | Procter & Gamble Co. (The) | | | 12,854,176 | |
| | | | | | | | |
| | | | | | | 22,346,427 | |
| | | | | | | | |
| | | Insurance - 2.7% | |
| 23,614 | | | Aflac, Inc. | | | 1,703,986 | |
| 21,321 | | | Allstate Corp. (The) | | | 1,491,404 | |
| 63,835 | | | American International Group, Inc. | | | 3,376,233 | |
| 15,107 | | | Aon plc | | | 1,650,138 | |
| 10,159 | | | Arthur J Gallagher & Co. | | | 483,568 | |
| 3,532 | | | Assurant, Inc. | | | 304,847 | |
| 26,492 | | | Chubb Ltd. | | | 3,462,769 | |
| 8,401 | | | Cincinnati Financial Corp. | | | 629,151 | |
| 22,438 | | | Hartford Financial Services Group, Inc. (The)(3) | | | 995,798 | |
| 13,557 | | | Lincoln National Corp. | | | 525,605 | |
| 15,354 | | | Loews Corp. | | | 630,896 | |
| 29,703 | | | Marsh & McLennan Cos., Inc. | | | 2,033,467 | |
| 62,689 | | | MetLife, Inc. | | | 2,496,903 | |
| 15,326 | | | Principal Financial Group, Inc. | | | 630,052 | |
| 33,294 | | | Progressive Corp. (The) | | | 1,115,349 | |
| 25,222 | | | Prudential Financial, Inc. | | | 1,799,338 | |
| 6,380 | | | Torchmark Corp. | | | 394,412 | |
| 16,674 | | | Travelers Cos., Inc. (The) | | | 1,984,873 | |
| 13,620 | | | Unum Group | | | 432,980 | |
| 7,898 | | | Willis Towers Watson PLC | | | 981,800 | |
| 16,224 | | | XL Group plc | | | 540,421 | |
| | | | | | | | |
| | | | | | | 27,663,990 | |
| | | | | | | | |
| | | Materials - 2.9% | |
| 11,115 | | | Air Products & Chemicals, Inc. | | | 1,578,775 | |
| 6,547 | | | Albemarle Corp. | | | 519,243 | |
| 75,042 | | | Alcoa, Inc. | | | 695,639 | |
| 5,121 | | | Avery Dennison Corp. | | | 382,795 | |
| 9,994 | | | Ball Corp. | | | 722,466 | |
| 13,154 | | | CF Industries Holdings, Inc. | | | 317,011 | |
| 64,043 | | | Dow Chemical Co. (The) | | | 3,183,577 | |
| 8,507 | | | Eastman Chemical Co. | | | 577,625 | |
| 15,044 | | | Ecolab, Inc. | | | 1,784,218 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Materials - 2.9% - (continued) | |
| 49,829 | | | EI du Pont de Nemours & Co. | | $ | 3,228,919 | |
| 7,623 | | | FMC Corp. | | | 353,021 | |
| 71,161 | | | Freeport-McMoRan, Inc. | | | 792,734 | |
| 4,551 | | | International Flavors & Fragrances, Inc. | | | 573,745 | |
| 23,370 | | | International Paper Co. | | | 990,421 | |
| 19,470 | | | LyondellBasell Industries N.V., Class A | | | 1,448,957 | |
| 3,629 | | | Martin Marietta Materials, Inc. | | | 696,768 | |
| 24,910 | | | Monsanto Co. | | | 2,575,943 | |
| 20,185 | | | Mosaic Co. (The) | | | 528,443 | |
| 30,388 | | | Newmont Mining Corp. | | | 1,188,779 | |
| 18,153 | | | Nucor Corp. | | | 896,940 | |
| 9,107 | | | Owens-Illinois, Inc.(2) | | | 164,017 | |
| 15,173 | | | PPG Industries, Inc. | | | 1,580,268 | |
| 16,317 | | | Praxair, Inc. | | | 1,833,868 | |
| 11,271 | | | Sealed Air Corp. | | | 518,128 | |
| 4,479 | | | Sherwin-Williams Co. (The) | | | 1,315,348 | |
| 7,560 | | | Vulcan Materials Co. | | | 909,922 | |
| 14,298 | | | WestRock Co. | | | 555,763 | |
| | | | | | | | |
| | | | | | | 29,913,333 | |
| | | | | | | | |
| | | Media - 2.7% | |
| 23,677 | | | CBS Corp., Class B | | | 1,288,976 | |
| 137,900 | | | Comcast Corp., Class A | | | 8,989,701 | |
| 8,745 | | | Discovery Communications, Inc., Class A(2) | | | 220,636 | |
| 13,513 | | | Discovery Communications, Inc., Class C(2) | | | 322,285 | |
| 23,093 | | | Interpublic Group of Cos., Inc. (The) | | | 533,448 | |
| 21,553 | | | News Corp., Class A | | | 244,627 | |
| 6,621 | | | News Corp., Class B | | | 77,267 | |
| 13,548 | | | Omnicom Group, Inc. | | | 1,104,027 | |
| 5,416 | | | Scripps Networks Interactive, Inc., Class A | | | 337,254 | |
| 12,581 | | | TEGNA, Inc. | | | 291,502 | |
| 44,836 | | | Time Warner, Inc. | | | 3,297,239 | |
| 62,420 | | | Twenty-First Century Fox, Inc., Class A | | | 1,688,461 | |
| 24,651 | | | Twenty-First Century Fox, Inc., Class B | | | 671,740 | |
| 19,895 | | | Viacom, Inc., Class B | | | 825,046 | |
| 85,144 | | | Walt Disney Co. (The) | | | 8,328,786 | |
| | | | | | | | |
| | | | | | | 28,220,995 | |
| | | | | | | | |
| | | Pharmaceuticals, Biotechnology & Life Sciences - 9.3% | |
| 92,285 | | | AbbVie, Inc. | | | 5,713,364 | |
| 18,744 | | | Agilent Technologies, Inc. | | | 831,484 | |
| 12,747 | | | Alexion Pharmaceuticals, Inc.(2) | | | 1,488,340 | |
| 22,569 | | | Allergan plc(2) | | | 5,215,470 | |
| 42,827 | | | Amgen, Inc. | | | 6,516,128 | |
| 12,503 | | | Biogen, Inc.(2) | | | 3,023,476 | |
| 95,244 | | | Bristol-Myers Squibb Co. | | | 7,005,196 | |
| 44,212 | | | Celgene Corp.(2) | | | 4,360,630 | |
| 55,418 | | | Eli Lilly & Co. | | | 4,364,168 | |
| 11,726 | | | Endo International plc(2) | | | 182,808 | |
| 75,993 | | | Gilead Sciences, Inc. | | | 6,339,336 | |
| 8,365 | | | Illumina, Inc.(2) | | | 1,174,279 | |
| 156,907 | | | Johnson & Johnson | | | 19,032,819 | |
| 6,203 | | | Mallinckrodt plc(2) | | | 377,018 | |
| 157,836 | | | Merck & Co., Inc. | | | 9,092,932 | |
| 24,380 | | | Mylan N.V.(2) | | | 1,054,191 | |
| 6,293 | | | PerkinElmer, Inc. | | | 329,879 | |
| 8,174 | | | Perrigo Co. plc | | | 741,137 | |
| 346,018 | | | Pfizer, Inc. | | | 12,183,294 | |
| 4,445 | | | Regeneron Pharmaceuticals, Inc.(2) | | | 1,552,327 | |
| 22,450 | | | Thermo Fisher Scientific, Inc. | | | 3,317,212 | |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Pharmaceuticals, Biotechnology & Life Sciences - 9.3% - (continued) | |
| 14,132 | | | Vertex Pharmaceuticals, Inc.(2) | | $ | 1,215,635 | |
| 4,591 | | | Waters Corp.(2) | | | 645,724 | |
| 25,955 | | | Zoetis, Inc. | | | 1,231,824 | |
| | | | | | | | |
| | | | | | | 96,988,671 | |
| | | | | | | | |
| | | Real Estate - 3.2% | |
| 24,233 | | | American Tower Corp., REIT | | | 2,753,111 | |
| 9,055 | | | Apartment Investment & Management Co., Class A, REIT | | | 399,869 | |
| 7,840 | | | AvalonBay Communities, Inc., REIT | | | 1,414,258 | |
| 8,751 | | | Boston Properties, Inc., REIT | | | 1,154,257 | |
| 16,531 | | | CBRE Group, Inc., Class A, REIT(2) | | | 437,741 | |
| 19,186 | | | Crown Castle International Corp., REIT | | | 1,946,036 | |
| 8,382 | | | Digital Realty Trust, Inc., REIT | | | 913,554 | |
| 3,958 | | | Equinix, Inc., REIT | | | 1,534,635 | |
| 20,893 | | | Equity Residential, REIT | | | 1,439,110 | |
| 3,745 | | | Essex Property Trust, Inc., REIT | | | 854,197 | |
| 7,167 | | | Extra Space Storage, Inc., REIT | | | 663,234 | |
| 4,031 | | | Federal Realty Investment Trust, REIT | | | 667,332 | |
| 33,109 | | | General Growth Properties, Inc., REIT | | | 987,310 | |
| 26,682 | | | HCP, Inc., REIT | | | 944,009 | |
| 42,877 | | | Host Hotels & Resorts, Inc., REIT | | | 695,036 | |
| 13,576 | | | Iron Mountain, Inc., REIT | | | 540,732 | |
| 24,013 | | | Kimco Realty Corp., REIT | | | 753,528 | |
| 7,260 | | | Macerich Co. (The), REIT | | | 619,931 | |
| 29,999 | | | Prologis, Inc., REIT | | | 1,471,151 | |
| 8,387 | | | Public Storage, REIT | | | 2,143,633 | |
| 14,636 | | | Realty Income Corp., REIT | | | 1,015,153 | |
| 17,670 | | | Simon Property Group, Inc., REIT | | | 3,832,623 | |
| 5,701 | | | SL Green Realty Corp., REIT | | | 606,986 | |
| 15,263 | | | UDR, Inc., REIT | | | 563,510 | |
| 19,273 | | | Ventas, Inc., REIT | | | 1,403,460 | |
| 10,078 | | | Vornado Realty Trust, REIT | | | 1,009,009 | |
| 20,322 | | | Welltower, Inc., REIT | | | 1,547,927 | |
| 42,680 | | | Weyerhaeuser Co., REIT | | | 1,270,584 | |
| | | | | | | | |
| | | | | | | 33,581,916 | |
| | | | | | | | |
| | | Retailing - 5.5% | |
| 4,184 | | | Advance Auto Parts, Inc. | | | 676,260 | |
| 22,071 | | | Amazon.com, Inc.(2) | | | 15,794,449 | |
| 3,955 | | | AutoNation, Inc.(2) | | | 185,806 | |
| 1,702 | | | AutoZone, Inc.(2) | | | 1,351,116 | |
| 8,806 | | | Bed Bath & Beyond, Inc. | | | 380,595 | |
| 16,113 | | | Best Buy Co., Inc. | | | 493,058 | |
| 11,019 | | | CarMax, Inc.(2) | | | 540,262 | |
| 16,189 | | | Dollar General Corp. | | | 1,521,766 | |
| 13,474 | | | Dollar Tree, Inc.(2) | | | 1,269,790 | |
| 6,643 | | | Expedia, Inc. | | | 706,151 | |
| 7,759 | | | Foot Locker, Inc. | | | 425,659 | |
| 13,151 | | | Gap, Inc. (The) | | | 279,064 | |
| 8,556 | | | Genuine Parts Co. | | | 866,295 | |
| 70,962 | | | Home Depot, Inc. (The) | | | 9,061,138 | |
| 10,399 | | | Kohl’s Corp. | | | 394,330 | |
| 14,488 | | | L Brands, Inc. | | | 972,579 | |
| 17,600 | | | LKQ Corp.(2) | | | 557,920 | |
| 50,550 | | | Lowe’s Cos., Inc. | | | 4,002,043 | |
| 17,468 | | | Macy’s, Inc. | | | 587,099 | |
| 24,477 | | | Netflix, Inc.(2) | | | 2,239,156 | |
| 7,215 | | | Nordstrom, Inc. | | | 274,531 | |
| 5,516 | | | O’Reilly Automotive, Inc.(2) | | | 1,495,388 | |
| 2,833 | | | Priceline Group, Inc. (The)(2) | | | 3,536,745 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Retailing - 5.5% - (continued) | |
| 22,923 | | | Ross Stores, Inc. | | $ | 1,299,505 | |
| 4,497 | | | Signet Jewelers Ltd. | | | 370,598 | |
| 37,230 | | | Staples, Inc. | | | 320,923 | |
| 33,615 | | | Target Corp. | | | 2,346,999 | |
| 6,283 | | | Tiffany & Co. | | | 381,001 | |
| 37,705 | | | TJX Cos., Inc. (The) | | | 2,911,957 | |
| 7,584 | | | Tractor Supply Co. | | | 691,509 | |
| 6,544 | | | TripAdvisor, Inc.(2) | | | 420,779 | |
| 3,564 | | | Ulta Salon Cosmetics & Fragrance, Inc.(2) | | | 868,333 | |
| 4,822 | | | Urban Outfitters, Inc.(2) | | | 132,605 | |
| | | | | | | | |
| | | | | | | 57,355,409 | |
| | | | | | | | |
| | | Semiconductors & Semiconductor Equipment - 2.8% | |
| 17,577 | | | Analog Devices, Inc. | | | 995,561 | |
| 62,215 | | | Applied Materials, Inc. | | | 1,491,293 | |
| 21,182 | | | Broadcom Ltd. | | | 3,291,683 | |
| 4,323 | | | First Solar, Inc.(2) | | | 209,579 | |
| 269,423 | | | Intel Corp. | | | 8,837,074 | |
| 8,919 | | | KLA-Tencor Corp. | | | 653,317 | |
| 9,067 | | | Lam Research Corp. | | | 762,172 | |
| 13,591 | | | Linear Technology Corp. | | | 632,389 | |
| 12,181 | | | Microchip Technology, Inc. | | | 618,308 | |
| 59,439 | | | Micron Technology, Inc.(2) | | | 817,881 | |
| 28,876 | | | NVIDIA Corp. | | | 1,357,461 | |
| 7,260 | | | Qorvo, Inc.(2) | | | 401,188 | |
| 83,829 | | | QUALCOMM, Inc. | | | 4,490,719 | |
| 10,800 | | | Skyworks Solutions, Inc. | | | 683,424 | |
| 57,274 | | | Texas Instruments, Inc. | | | 3,588,216 | |
| 14,468 | | | Xilinx, Inc. | | | 667,409 | |
| | | | | | | | |
| | | | | | | 29,497,674 | |
| | | | | | | | |
| | | Software & Services - 11.9% | |
| 35,604 | | | Accenture plc, Class A | | | 4,033,577 | |
| 29,004 | | | Activision Blizzard, Inc. | | | 1,149,429 | |
| 28,558 | | | Adobe Systems, Inc.(2) | | | 2,735,571 | |
| 9,950 | | | Akamai Technologies, Inc.(2) | | | 556,503 | |
| 3,364 | | | Alliance Data Systems Corp.(2) | | | 659,075 | |
| 16,751 | | | Alphabet, Inc., Class A(2) | | | 11,784,831 | |
| 16,852 | | | Alphabet, Inc., Class C(2) | | | 11,663,269 | |
| 12,794 | | | Autodesk, Inc.(2) | | | 692,667 | |
| 25,951 | | | Automatic Data Processing, Inc. | | | 2,384,118 | |
| 16,829 | | | CA, Inc. | | | 552,496 | |
| 8,796 | | | Citrix Systems, Inc.(2) | | | 704,472 | |
| 34,513 | | | Cognizant Technology Solutions Corp., Class A(2) | | | 1,975,524 | |
| 7,644 | | | CSRA, Inc. | | | 179,099 | |
| 60,306 | | | eBay, Inc.(2) | | | 1,411,763 | |
| 17,215 | | | Electronic Arts, Inc.(2) | | | 1,304,208 | |
| 131,890 | | | Facebook, Inc., Class A(2) | | | 15,072,389 | |
| 15,840 | | | Fidelity National Information Services, Inc. | | | 1,167,091 | |
| 12,713 | | | Fiserv, Inc.(2) | | | 1,382,284 | |
| 8,765 | | | Global Payments, Inc. | | | 625,646 | |
| 50,400 | | | International Business Machines Corp. | | | 7,649,712 | |
| 14,599 | | | Intuit, Inc. | | | 1,629,394 | |
| 55,398 | | | MasterCard, Inc., Class A | | | 4,878,348 | |
| 448,427 | | | Microsoft Corp. | | | 22,946,010 | |
| 177,567 | | | Oracle Corp. | | | 7,267,817 | |
| 18,244 | | | Paychex, Inc. | | | 1,085,518 | |
| 62,939 | | | PayPal Holdings, Inc.(2) | | | 2,297,903 | |
| 10,338 | | | Red Hat, Inc.(2) | | | 750,539 | |
| 36,349 | | | salesforce.com, Inc.(2) | | | 2,886,474 | |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Software & Services - 11.9% - (continued) | |
| 35,021 | | | Symantec Corp. | | $ | 719,331 | |
| 7,386 | | | Teradata Corp.(2) | | | 185,167 | |
| 9,597 | | | Total System Services, Inc. | | | 509,697 | |
| 5,458 | | | VeriSign, Inc.(2) | | | 471,899 | |
| 108,687 | | | Visa, Inc., Class A | | | 8,061,315 | |
| 28,048 | | | Western Union Co. (The) | | | 537,961 | |
| 54,242 | | | Xerox Corp. | | | 514,757 | |
| 49,873 | | | Yahoo!, Inc.(2) | | | 1,873,230 | |
| | | | | | | | |
| | | | | | | 124,299,084 | |
| | | | | | | | |
| | | Technology Hardware & Equipment - 4.9% | |
| 17,554 | | | Amphenol Corp., Class A | | | 1,006,371 | |
| 312,473 | | | Apple, Inc. | | | 29,872,419 | |
| 286,982 | | | Cisco Systems, Inc. | | | 8,233,514 | |
| 61,365 | | | Corning, Inc. | | | 1,256,755 | |
| 111,429 | | | EMC Corp. | | | 3,027,526 | |
| 3,825 | | | F5 Networks, Inc.(2) | | | 435,438 | |
| 7,913 | | | FLIR Systems, Inc. | | | 244,907 | |
| 7,093 | | | Harris Corp. | | | 591,840 | |
| 94,820 | | | Hewlett Packard Enterprise Co. | | | 1,732,361 | |
| 97,313 | | | HP, Inc. | | | 1,221,278 | |
| 20,177 | | | Juniper Networks, Inc. | | | 453,781 | |
| 9,032 | | | Motorola Solutions, Inc. | | | 595,841 | |
| 16,499 | | | NetApp, Inc. | | | 405,710 | |
| 17,085 | | | Seagate Technology plc | | | 416,191 | |
| 20,421 | | | TE Connectivity Ltd. | | | 1,166,243 | |
| 16,003 | | | Western Digital Corp. | | | 756,302 | |
| | | | | | | | |
| | | | | | | 51,416,477 | |
| | | | | | | | |
| | | Telecommunication Services - 2.9% | |
| 351,117 | | | AT&T, Inc. | | | 15,171,766 | |
| 31,210 | | | CenturyLink, Inc. | | | 905,402 | |
| 67,025 | | | Frontier Communications Corp. | | | 331,104 | |
| 16,574 | | | Level 3 Communications, Inc.(2) | | | 853,395 | |
| 232,492 | | | Verizon Communications, Inc. | | | 12,982,353 | |
| | | | | | | | |
| | | | | | | 30,244,020 | |
| | | | | | | | |
| | | Transportation - 2.0% | |
| 7,014 | | | Alaska Air Group, Inc. | | | 408,846 | |
| 33,082 | | | American Airlines Group, Inc. | | | 936,552 | |
| 8,164 | | | CH Robinson Worldwide, Inc. | | | 606,177 | |
| 54,660 | | | CSX Corp. | | | 1,425,533 | |
| 44,092 | | | Delta Air Lines, Inc. | | | 1,606,272 | |
| 10,360 | | | Expeditors International of Washington, Inc. | | | 508,054 | |
| 14,244 | | | FedEx Corp. | | | 2,161,954 | |
| 5,066 | | | JB Hunt Transport Services, Inc. | | | 409,991 | |
| 6,164 | | | Kansas City Southern | | | 555,315 | |
| 16,812 | | | Norfolk Southern Corp. | | | 1,431,206 | |
| 3,086 | | | Ryder System, Inc. | | | 188,678 | |
| 36,330 | | | Southwest Airlines Co. | | | 1,424,499 | |
| 47,981 | | | Union Pacific Corp. | | | 4,186,342 | |
| 19,078 | | | United Continental Holdings, Inc.(2) | | | 782,961 | |
| 39,418 | | | United Parcel Service, Inc., Class B | | | 4,246,107 | |
| | | | | | | | |
| | | | | | | 20,878,487 | |
| | | | | | | | |
| | | Utilities - 3.7% | |
| 37,605 | | | AES Corp. | | | 469,310 | |
| 6,826 | | | AGL Resources, Inc. | | | 450,311 | |
| 13,242 | | | Alliant Energy Corp. | | | 525,707 | |
| 13,877 | | | Ameren Corp. | | | 743,530 | |
| 28,103 | | | American Electric Power Co., Inc. | | | 1,969,739 | |
| | | | | | | | |
Shares or Principal Amount | | Market Value(1) | |
COMMON STOCKS - 99.5% - (continued) | |
| | | Utilities - 3.7% - (continued) | |
| 10,145 | | | American Water Works Co., Inc. | | $ | 857,354 | |
| 24,540 | | | CenterPoint Energy, Inc. | | | 588,960 | |
| 15,839 | | | CMS Energy Corp. | | | 726,377 | |
| 17,317 | | | Consolidated Edison, Inc. | | | 1,392,979 | |
| 35,120 | | | Dominion Resources, Inc. | | | 2,736,902 | |
| 10,298 | | | DTE Energy Co. | | | 1,020,738 | |
| 39,302 | | | Duke Energy Corp. | | | 3,371,719 | |
| 18,625 | | | Edison International | | | 1,446,604 | |
| 10,231 | | | Entergy Corp. | | | 832,292 | |
| 18,051 | | | Eversource Energy | | | 1,081,255 | |
| 52,651 | | | Exelon Corp. | | | 1,914,390 | |
| 24,251 | | | FirstEnergy Corp. | | | 846,602 | |
| 26,307 | | | NextEra Energy, Inc. | | | 3,430,433 | |
| 18,430 | | | NiSource, Inc. | | | 488,764 | |
| 18,178 | | | NRG Energy, Inc. | | | 272,488 | |
| 28,273 | | | PG&E Corp. | | | 1,807,210 | |
| 6,297 | | | Pinnacle West Capital Corp. | | | 510,435 | |
| 38,554 | | | PPL Corp. | | | 1,455,413 | |
| 28,944 | | | Public Service Enterprise Group, Inc. | | | 1,349,080 | |
| 8,151 | | | SCANA Corp. | | | 616,705 | |
| 13,511 | | | Sempra Energy | | | 1,540,524 | |
| 53,476 | | | Southern Co. (The) | | | 2,867,918 | |
| 13,288 | | | TECO Energy, Inc. | | | 367,280 | |
| 17,961 | | | WEC Energy Group, Inc. | | | 1,172,853 | |
| 28,893 | | | Xcel Energy, Inc. | | | 1,293,829 | |
| | | | | | | | |
| | | | | | | 38,147,701 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks (cost $595,210,756) | | | 1,039,005,875 | |
| | | | | | | | |
|
EXCHANGE-TRADED FUND - 0.1% | |
| | | Diversified Financial Services - 0.1% | |
| 4,330 | | | Vanguard S&P 500 ETF | | | 832,312 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds (cost $801,262) | | | 832,312 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments (cost $596,012,018) | | | 1,039,838,187 | |
| | | | | | | | |
|
SHORT-TERM INVESTMENTS - 0.5% | |
| | | Repurchase Agreements - 0.5% | |
| | | | RBC Capital Markets LLC TriParty Repurchase Agreement (maturing on 07/01/2016 in the amount of $5,714,052, collateralized by U.S. Treasury Note 2.00%, 2022, value of $5,782,467) | | | | |
$ | 5,714,000 | | | 0.33%, 06/30/2016 | | | 5,714,000 | |
| | | | | | | | |
| | |
| | | | Total Short-Term investments (cost $5,714,000) | | | 5,714,000 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments (cost $601,726,018)(4) | | | 100.1 | % | | $ | 1,045,552,187 | |
| | | | Other Assets and Liabilities | | | (0.1 | )% | | | (1,304,952 | ) |
| | | | | | | | | | | | |
| | | | Net Assets | | | 100.0 | % | | $ | 1,044,247,235 | |
| | | | | | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (continued)
June 30, 2016 (Unaudited)
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| Equity industry classifications used in this report are the Global Industry Classification Standard (GICS®), which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for reporting ease. |
(1) | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of securities. |
(2) | Non-income producing. |
(3) | Affiliated company as defined under Sections 2(a)(2) and 2(a)(3) of the Investment Company Act of 1940. Hartford Investment Management Company, the Fund’s adviser, is a wholly-owned subsidiary of The Hartford Financial Services Group, Inc. A summary of transactions for the six-month period ended June 30, 2016 is as follows: |
| | | | | | | | | | | | | | | | | | | | | | | | |
Company | | Beginning Value At January 1, 2016 | | | Purchase Cost | | | Sales Proceeds | | | Realized Gain (Loss) | | | Dividend Income | | | Ending Value At June 30, 2016 | |
Hartford Financial Services Group, Inc. (The) | | $ | 1,082,762 | | | $ | — | | | $ | 105,986 | | | $ | 5,027 | | | $ | 9,761 | | | $ | 995,798 | |
(4) | At June 30, 2016, the cost of securities for federal income tax purposes was $633,908,856, and the aggregate gross unrealized appreciation and depreciation based on that cost were: |
| | | | |
Unrealized Appreciation | | $ | 432,337,660 | |
Unrealized Depreciation | | | (20,694,329 | ) |
| | | | |
Net Unrealized Appreciation | | $ | 411,643,331 | |
| | | | |
Futures Contracts Outstanding at June 30, 2016
| | | | | | | | | | | | | | | | | | | | |
Description | | Number of Contracts | | | Expiration Date | | | Aggregate Cost | | | Value | | | Unrealized Appreciation/ (Depreciation) | |
Long position contracts: | | | | | | | | | | | | | | | | | | | | |
S&P 500 (E-Mini) | | | 58 | | | | 09/16/2016 | | | $ | 6,076,473 | | | $ | 6,061,580 | | | $ | (14,893) | |
Cash of $510,000 was pledged as initial margin deposit and collateral for the daily variation margin loss on open futures contracts at June 30, 2016.
| | |
GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
Index Abbreviations: |
S&P | | Standard & Poor’s |
|
Other Abbreviations: |
ETF | | Exchange Traded Fund |
REIT | | Real Estate Investment Trust |
The accompanying Notes are an integral part of these financial statements.
Schedule of Investments – (concluded)
June 30, 2016 (Unaudited)
Diversification by Sector
as of June 30, 2016
| | | | |
Sector | | Percentage of Net Assets | |
Equity Securities | | | | |
Consumer Discretionary | | | 12.2 | % |
Consumer Staples | | | 10.4 | |
Energy | | | 7.4 | |
Financials | | | 15.8 | |
Health Care | | | 14.6 | |
Industrials | | | 10.1 | |
Information Technology | | | 19.6 | |
Materials | | | 2.9 | |
Telecommunication Services | | | 2.9 | |
Utilities | | | 3.7 | |
| | | | |
Total | | | 99.6 | % |
| | | | |
Short-Term Investments | | | 0.5 | |
Other assets and liabilities | | | (0.1 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for reporting ease.
Investment Valuation Hierarchy Level Summary at June 30, 2016
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1(1) | | | Level 2(1) | | | Level 3 | |
Assets: | | | | | | | | | | | | | | | | |
Common Stocks(2) | | $ | 1,039,005,875 | | | $ | 1,039,005,875 | | | $ | — | | | $ | — | |
Exchange-Traded Funds | | | 832,312 | | | | 832,312 | | | | — | | | | — | |
Short-Term Investments | | | 5,714,000 | | | | — | | | | 5,714,000 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,045,552,187 | | | $ | 1,039,838,187 | | | $ | 5,714,000 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Futures(3) | | | (14,893 | ) | | | (14,893 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (14,893 | ) | | $ | (14,893 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
(1) | For the six-month period ended June 30, 2016, there were no transfers between any levels. |
(2) | Refer to the Schedule of Investments for further industry breakout. |
(3) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments. |
Note: | For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period. |
The accompanying Notes are an integral part of these financial statements.
Statement of Assets and Liabilities
June 30, 2016 (Unaudited)
| | | | |
Assets: | | | | |
Investments in unaffiliated securities, at market value (cost $600,811,109) | | $ | 1,044,596,389 | |
Investments in affiliated securities, at market value (cost $914,909) | | | 955,798 | |
Cash(1) | | | 510,000 | |
Receivables: | | | | |
Investment securities sold | | | 660,658 | |
Fund shares sold | | | 214 | |
Dividends and interest | | | 1,179,208 | |
Variation margin on financial derivative instruments | | | 70,898 | |
Other assets | | | 10,023 | |
| | | | |
Total assets | | | 1,047,983,188 | |
| | | | |
Liabilities: | | | | |
Bank overdraft | | | 1,377 | |
Payables: | | | | |
Investment securities purchased | | | 2,103,692 | |
Fund shares redeemed | | | 786,078 | |
Investment management fees | | | 204,559 | |
Distribution fees | | | 78,989 | |
Trustees fees | | | 19,311 | |
Accrued expenses | | | 541,947 | |
| | | | |
Total liabilities | | | 3,735,953 | |
| | | | |
Net assets | | $ | 1,044,247,235 | |
| | | | |
Summary of Net Assets: | | | | |
Capital stock and paid-in-capital | | $ | 492,671,917 | |
Undistributed net investment income | | | 32,082,967 | |
Accumulated net realized gain | | | 75,681,075 | |
Unrealized appreciation of investments | | | 443,811,276 | |
| | | | |
Net assets | | $ | 1,044,247,235 | |
| | | | |
Class IA: Net asset value per share | | $ | 42.42 | |
| | | | |
Shares Outstanding | | | 15,479,464 | |
| | | | |
Net Assets | | $ | 656,709,847 | |
| | | | |
Class IB: Net asset value per share | | $ | 42.01 | |
| | | | |
Shares Outstanding | | | 9,224,296 | |
| | | | |
Net Assets | | $ | 387,537,388 | |
| | | | |
(1) | Cash of $510,000 was pledged as collateral for open futures contracts as of June 30, 2016. |
The accompanying Notes are an integral part of these financial statements.
Statement of Operations
For the Six-Month Period Ended June 30, 2016 (Unaudited)
| | | | |
Investment Income: | | | | |
Dividends from unaffiliated securities | | $ | 11,726,278 | |
Dividends from affiliates | | | 9,761 | |
Interest | | | 6,929 | |
Less: Foreign tax withheld | | | (511 | ) |
| | | | |
Total investment income, net | | | 11,742,457 | |
| | | | |
Expenses: | | | | |
Investment management fees | | | 1,539,342 | |
Transfer agent fees | | | 7,269 | |
Distribution fees - Class IB | | | 478,097 | |
Custodian fees | | | 15,124 | |
Accounting service fees | | | 158,303 | |
Trustee fees | | | 99,379 | |
Audit fees | | | 32,994 | |
Printing fees | | | 46,045 | |
Legal fees | | | 122,301 | |
Insurance fees | | | 36,476 | |
Other expenses | | | 15,986 | |
| | | | |
Total expenses (before waivers) | | | 2,551,316 | |
| | | | |
Total waivers | | | (379,943 | ) |
| | | | |
Total expenses | | | 2,171,373 | |
| | | | |
Net Investment Income | | | 9,571,084 | |
| | | | |
Net Realized Gain on Investments and Other Financial Instruments: | | | | |
Net realized gain on investments in unaffiliated securities | | | 37,160,200 | |
Net realized gain on investments in affiliates | | | 5,027 | |
Net realized gain on futures | | | 619,619 | |
| | | | |
Net Realized Gain on Investments and Other Financial Instruments | | | 37,784,846 | |
| | | | |
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments: | | | | |
Net unrealized depreciation of investments | | | (12,931,426 | ) |
Net unrealized depreciation of futures contracts | | | (72,556 | ) |
| | | | |
Net Changes in Unrealized Depreciation of Investments and Other Financial Instruments | | | (13,003,982) | |
| | | | |
Net Realized and Unrealized Gain on Investments and Other Financial Instruments | | | 24,780,864 | |
| | | | |
Net Increase in Net Assets Resulting from Operations | | $ | 34,351,948 | |
| | | | |
The accompanying Notes are an integral part of these financial statements.
Statement of Changes in Net Assets (Unaudited)
| | | | | | | | |
| | For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | For the Year Ended December 31, 2015 | |
Operations: | | | | | | | | |
Net investment income | | $ | 9,571,084 | | | $ | 21,335,640 | |
Net realized gain on investments and other financial instruments | | | 37,784,846 | | | | 75,799,831 | |
Net unrealized appreciation (depreciation) of investments and other financial instruments | | | (13,003,982 | ) | | | (83,947,664 | ) |
| | | | | | | | |
Net Increase in Net Assets Resulting from Operations | | | 34,351,948 | | | | 13,187,807 | |
| | | | | | | | |
Distributions to Shareholders: | | | | | | | | |
From net investment income | | | | | | | | |
Class IA | | | — | | | | (2,517,100 | ) |
Class IB | | | — | | | | (1,553,144 | ) |
| | | | | | | | |
Total distributions from net investment income | | | — | | | | (4,070,244 | ) |
| | | | | | | | |
From net realized gain on investments | | | | | | | | |
Class IA | | | — | | | | (8,416,603 | ) |
Class IB | | | — | | | | (5,193,354 | ) |
| | | | | | | | |
Total distributions from net realized gain on investments | | | — | | | | (13,609,957 | ) |
| | | | | | | | |
Total distributions | | | — | | | | (17,680,201 | ) |
| | | | | | | | |
Capital Share Transactions: | | | | | | | | |
Class IA | | | | | | | | |
Sold | | | 10,076,263 | | | | 27,242,094 | |
Issued on reinvestment of distributions | | | — | | | | 10,933,703 | |
Redeemed | | | (56,555,299 | ) | | | (115,679,961 | ) |
| | | | | | | | |
Total capital share transactions | | | (46,479,036 | ) | | | (77,504,164 | ) |
| | | | | | | | |
Class IB | | | | | | | | |
Sold | | | 12,197,177 | | | | 25,566,357 | |
Issued on reinvestment of distributions | | | — | | | | 6,746,498 | |
Redeemed | | | (51,746,736 | ) | | | (82,627,636 | ) |
| | | | | | | | |
Total capital share transactions | | | (39,549,559 | ) | | | (50,314,781 | ) |
| | | | | | | | |
Net decrease from capital share transactions | | | (86,028,595 | ) | | | (127,818,945 | ) |
| | | | | | | | |
Net Decrease in Net Assets | | | (51,676,647 | ) | | | (132,311,339 | ) |
| | | | | | | | |
Net Assets: | | | | | | | | |
Beginning of period | | | 1,095,923,882 | | | | 1,228,235,221 | |
| | | | | | | | |
End of period | | $ | 1,044,247,235 | | | $ | 1,095,923,882 | |
| | | | | | | | |
Undistributed net investment income | | $ | 32,082,967 | | | $ | 22,511,883 | |
| | | | | | | | |
Shares: | | | | | | | | |
Class IA | | | | | | | | |
Sold | | | 248,686 | | | | 667,115 | |
Issued on reinvestment of distributions | | | — | | | | 261,572 | |
Redeemed | | | (1,410,256 | ) | | | (2,795,357 | ) |
| | | | | | | | |
Total share activity | | | (1,161,570 | ) | | | (1,866,670 | ) |
| | | | | | | | |
Class IB | | | | | | | | |
Sold | | | 308,964 | | | | 635,100 | |
Issued on reinvestment of distributions | | | — | | | | 162,606 | |
Redeemed | | | (1,311,564 | ) | | | (2,010,539 | ) |
| | | | | | | | |
Total share activity | | | (1,002,600 | ) | | | (1,212,833 | ) |
| | | | | | | | |
The accompanying Notes are an integral part of these financial statements.
Notes to Financial Statements
June 30, 2016 (Unaudited)
HIMCO Variable Insurance Trust (the “Trust”) is an open-end registered management investment company. The Trust is organized under the laws of the State of Delaware and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”).
HIMCO VIT Index Fund (the “Fund”) serves as an underlying investment option for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company (“Hartford Life”) 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 variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the Fund if permitted by their plans.
The Fund is a series of the Trust. The Fund is the successor of a series of Hartford Series Fund, Inc. (the “Hartford Index HLS Fund”). The reorganization of the Hartford Index HLS Fund with and into the Fund occurred on October 20, 2014. All information regarding and references to periods prior to October 20, 2014 relate to the Hartford Index HLS Fund. The Fund is a diversified open-end management investment company and applies specialized accounting and reporting under Accounting Standards Codification Topic 946, Financial Services – Investment Companies. The Fund is authorized to issue an unlimited number of shares for each class.
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 and service fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of the Fund in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| a) | Determination of Net Asset Value – The NAV of each class of the Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, the Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate the Fund’s NAV in accordance with applicable law. The NAV for each class of shares is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding for that class. For any day where, due to technical or other issues, trading is halted before the scheduled close of the Exchange, and not as part of a trading halt that is effected on a market-wide basis, the Fund may elect to continue to treat the Valuation Date as occurring at the time of the schedule close of the Exchange. Information that becomes known to the Fund after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| b) | Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales were reported, market value is based on prices obtained from independent pricing services, a quotation reporting system or established market makers. If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Trustees. |
Fixed income securities, including those with a remaining maturity of less than sixty (60 days), and non-exchange traded derivatives held by the Fund are valued in accordance with procedures established by the Board of Trustees. Such
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
investments are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers. Prices obtained from independent pricing services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. 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. Generally, the Fund may use fair valuation in regard to fixed income positions when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. If pricing services do not provide a price for short term investments maturing in 60 days or less, such investments are generally valued at amortized cost if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term exceeded 60 days.
Exchange traded futures, options and options on futures are valued in accordance with procedures established by the Board of Trustees. Such instruments are normally valued on the basis of quotes obtained from independent pricing services. Prices obtained from independent pricing services use most recent settlement prices and/or bid and ask prices for futures; and last sale prices and bid and ask prices for options and options on futures. If pricing services are not able to provide prices for futures, such instruments will generally be valued at the most recent trade price as of the NYSE Close. If pricing services are not able to provide prices for options and options on futures, such instruments will generally be valued on the basis of quotes obtained from brokers, dealers or market makers. If the option is out of the money and within 30 days of expiration and no bid price is available, the option may be valued at zero. If such instruments do not trade on an exchange, values may be supplied by an independent pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other adjustments.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the Board of Trustees.
U.S. GAAP defines fair value as the price that a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
| • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
The procedures adopted by the Board of Trustees define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee has the overall responsibility for implementing the procedures adopted by the Board of Trustees, including the responsibility for determining the fair value of the Fund’s investments. The Valuation Committee is also responsible for determining in good faith the fair value of an investment when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment, as provided by the primary pricing service or alternative source, is believed not to reflect the investment’s fair value as of the Valuation Date.
The Valuation Committee is comprised of the Trust’s Chief Executive Officer, Treasurer, Chief Operating Officer, and Chief Legal Officer, or their designees. In addition, the Trust’s Chief Compliance Officer (“CCO”) shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these procedures and to keep the Trust’s CCO regularly informed of pricing and Valuation Committee proceedings. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s adviser, knowledgeable brokers, and legal counsel in making such determination.
At each quarterly meeting of the Board of Trustees, the Valuation Committee provides a written report that includes details of all fair-valued investments to the extent any are fair-valued, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “look-back” review). The Board of Trustees then must consider for ratification all of the fair value determinations made during the previous quarter.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Investment Valuation Hierarchy Level Summary included in the Schedule of Investments.
| c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
Dividend income from domestic securities is accrued on the ex-dividend date. Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.
| d) | Joint Trading Account – The Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
| 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 and plan participants. The NAV of the Fund’s shares is determined as of the close of business on each business day of the Exchange. The NAV is determined separately for each class of shares of the Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by the Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of the Fund. |
Orders for the purchase of the Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
Dividends are declared pursuant to a policy adopted by the Board of Trustees based upon the investment performance of the Fund. The policy of the Fund is to pay dividends from net investment income and realized 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 may include, but are not limited to, losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), Regulated Investment Companies (“RICs”), certain derivatives and partnerships. 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 Federal Income Taxes: Reclassification of Capital Accounts note).
3. | Securities and Other Investments: |
| a) | Repurchase Agreements and Reverse Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer, the Fund, at a mutually agreed upon time and price. A reverse repurchase agreement is an agreement by which the Fund agrees to sell an investment and agrees to repurchase the investment sold from the buyer, the counterparty, at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time the Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose the Fund to counterparty risk – that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments 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, which approximates fair value. Repurchase agreements have master netting arrangements which allow the Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the non-defaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The Fund, as shown on the Schedule of Investments, had outstanding repurchase agreements and related collateral as of June 30, 2016. |
| b) | Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments 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. The Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and the Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. The Fund did not hold when-issued or delayed-delivery investments as of June 30, 2016. |
4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why the Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect the Fund’s financial position and results of operations. The location and fair value amounts of these instruments in the Statement of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses in the Statement of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of year-end are disclosed in the notes to the Schedule of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the year are disclosed in the Statement of Operations.
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| a) | Futures Contracts – The Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. The Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by the Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, the Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by the Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities; however, the Fund seeks to reduce this risk through the use of an FCM. The Fund, as shown on the Schedule of Investments, had outstanding futures contracts as of June 30, 2016. |
Additional Derivative Instrument Information:
Fair Value of Derivative Instruments in the Statement of Assets and Liabilities as of June 30, 2016:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Risk Exposure Category | |
| | Interest Rate Contracts | | | Foreign Exchange Contracts | | | Credit Contracts | | | Equity Contracts | | | Commodity Contracts | | | Other Contracts | | | Total | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized depreciation on futures(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 14,893 | | | $ | — | | | $ | — | | | $ | 14,893 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 14,893 | | | $ | — | | | $ | — | | | $ | 14,893 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Includes cumulative appreciation/depreciation on financial futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
The volume of derivatives that is presented in the Schedule of Investments is consistent with the derivative activity during the six-month period ended June 30, 2016.
The Effect of Derivative Instruments in the Statement of Operations for the six-month period ended June 30, 2016:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Risk Exposure Category | |
| | Interest Rate Contracts | | | Foreign Exchange Contracts | | | Credit Contracts | | | Equity Contracts | | | Commodity Contracts | | | Other Contracts | | | Total | |
Realized Gain on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | |
Net realized gain on futures | | $ | — | | | $ | — | | | $ | — | | | $ | 619,619 | | | $ | — | | | $ | — | | | $ | 619,619 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 619,619 | | | $ | — | | | $ | — | | | $ | 619,619 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | |
Net change in unrealized depreciation of futures | | $ | — | | | $ | — | | | $ | — | | | $ | (72,556 | ) | | $ | — | | | $ | — | | | $ | (72,556 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (72,556 | ) | | $ | — | | | $ | — | | | $ | (72,556 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The derivatives held by the Fund as of June 30, 2016 are not subject to a master netting arrangement; therefore, no balance sheet offsetting disclosure is presented.
The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.
The Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default.
| a) | Federal Income Taxes – For federal income tax purposes, the Fund intends to continue to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (“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 the IRC. The Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains 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), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, adjustments related to REITs, certain derivatives and corporate actions. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Fund. |
| c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by the Fund for the periods indicated is as follows (as adjusted for dividends payable, if applicable): |
| | | | | | | | |
| | For the Year Ended December 31, 2015 | | | For the Year Ended December 31, 2014 | |
Ordinary Income | | $ | 4,413,528 | | | $ | 16,474,848 | |
Long-Term Capital Gains(1) | | | 13,266,673 | | | | 51,957,628 | |
| (1) | The Fund designates these distributions as capital gain dividends per IRC code Sec. 852(b) (3) (C). |
As of December 31, 2015, the Fund’s components of distributable earnings (deficit) on a tax basis were as follows:
| | | | |
| | Amount | |
Undistributed Ordinary Income | | $ | 22,876,327 | |
Undistributed Long-Term Capital Gain | | | 73,335,882 | |
Unrealized Appreciation (Depreciation)(1) | | | 421,011,161 | |
| | | | |
Total Accumulated Earnings (Deficit) | | $ | 517,223,370 | |
| | | | |
| (1) | Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, and adjustments related to REITs, certain derivatives and corporate actions. |
| d) | Reclassification of Capital Accounts – The Fund may record reclassifications in its capital accounts. These reclassifications have no impact on the total net assets of the Fund. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as REITS and corporate actions. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Fund’s distributions may be shown in the accompanying Statement of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
| book and tax differences that exist. For the fiscal year ended December 31, 2015, the Fund recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | |
| | Amount | |
Paid In Capital | | $ | 1 | |
Undistributed Net Investment Income | | | 647,736 | |
Accumulated Net Realized Loss | | | (647,737) | |
| e) | Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. Additionally, capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation. |
The Fund had no capital loss carryforward for U.S. federal income tax purposes as of December 31, 2015.
| f) | Accounting for Uncertainty in Income Taxes – The Fund has adopted financial reporting rules that require the Fund to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions. Generally, tax authorities can examine all tax returns filed for the last three years. The Fund does not have an examination in progress. |
The Fund has reviewed all open tax years and major jurisdictions and concluded that these financial reporting rules had no effect on the Fund’s financial position or results of operations. There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended December 31, 2015. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
| a) | Investment Management Agreement – Hartford Investment Management Company (“Hartford Investment Management”) serves as the Fund’s investment manager pursuant to an Investment Management Agreement with the Trust. Hartford Investment Management is a wholly owned subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). The investment manager provides day-to-day investment management services to the Fund and has overall investment supervisory responsibility for the Fund. In addition, the investment manager provides administrative personnel, services, equipment, facilities and office space for operation of the Fund. |
The schedule below reflects the rates of compensation paid to the investment manager for investment management services rendered as of June 30, 2016; the rates are accrued daily and paid monthly.
| | | | |
Average Daily Net Assets | | Annual Fee | |
On first $2 billion | | | 0.30% | |
On next $3 billion | | | 0.20% | |
On next $5 billion | | | 0.18% | |
Over $10 billion | | | 0.17% | |
| b) | Accounting Services Agreement – State Street Bank and Trust Company (“State Street Bank”) provides the Fund with accounting services pursuant to a fund accounting agreement by and between the Trust, on behalf of the Fund, and State Street Bank. The amount paid for accounting services can be found in the Statement of Operations. These fees are accrued daily and paid monthly. |
| c) | Operating Expenses – Allocable expenses incurred by the Trust are allocated to the Fund and allocated to classes within the Fund in proportion to the average daily net assets of the Fund and each class, except where allocation of certain expenses is more fairly made directly to the Fund or to specific classes within the Fund. |
Notes to Financial Statements – (continued)
June 30, 2016 (Unaudited)
Hartford Investment Management has contractually agreed to reimburse expenses (exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual operating expenses of the Fund as follows; 0.33% for Class IA and 0.58% for Class IB. This contractual arrangement will remain in effect until April 30, 2017 and shall renew automatically for one-year terms, unless the investment manager provides written notice of termination prior to the start of the next term or upon approval of the Board of Trustees of the Fund.
| d) | Distribution Plan for Class IB Shares – HIMCO Distribution Services Company, a wholly owned subsidiary of The Hartford, serves as the principal underwriter and distributor of the Fund. The Trust, on behalf of the Fund, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for 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. |
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 of Trustees 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 that may be used to pay or reimburse 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. The distribution fee paid during the period can be found in the Statement of Operations. These fees are accrued daily and paid monthly or at such other intervals as the Board of Trustees may determine.
| e) | Transfer Agent Fees – State Street Bank provides transfer agent services to the Fund. The transfer agent is reimbursed for out-of-pocket expenses and other costs associated with the services it provides to the Fund, including costs invoiced by sub-contractors. Hartford Investment Management and its affiliates may pay, out of their own assets, compensation to third-party administrators for recordkeeping and other administrative services. The amount paid for transfer agent services can be found in the Statement of Operations. These fees are accrued daily and paid monthly. |
| f) | Trustee Fees – The Board of Trustees is responsible for oversight of the Fund. The Board of Trustees elects officers who are responsible for the day to day operations of the Fund. The Board of Trustees oversees the investment manager and the other principal service providers of the Fund. The Board of Trustees currently holds four regularly scheduled meetings throughout each year. In addition, the Board of Trustees may hold special meetings at other times either in person or by telephone. A portion of the compensation of the Fund’s CCO was allocated to each operational investment company in the Trust and is included in the Trustee fees. The Trustee fees paid during the period can be found in the Statement of Operations. |
8. | Investment Transactions: |
For the six-month period ended June 30, 2016, the aggregate cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | |
| | Amount | |
Cost of Purchases Excluding U.S. Government Obligations | | $ | 64,157,848 | |
Sales Proceeds Excluding U.S. Government Obligations | | | 134,138,945 | |
9. | Pending Legal Proceedings: |
On June 2, 2011, a complaint was filed against Hartford Investment Management Company in the United States District Court of Connecticut (Deutsche Bank Trust Company Americas v. Aetna, Inc., ING Investment Trust Co., Milan E. Chilla, Hartford Investment Management Co., and UBS AG (D. Conn.)). In a similar action, plaintiffs filed a complaint listing The Hartford Index HLS Fund, which was merged into HIMCO VIT Index Fund in October, 2014, as members of the defendant class (The Official Committee of Unsecured Creditors of Tribune Company v. Fitzsimons, et al. (Bankr. D. Del.)). The complaints relate to the bankruptcy of the Tribune Company, which was a public company that repurchased its shares in a leveraged buyout in 2007, but entered bankruptcy a year later. The plaintiffs in each case allege that the repurchase of shares acted as a fraudulent transfer. The plaintiffs in each case seek to recover from each class member the amount of consideration
Notes to Financial Statements – (concluded)
June 30, 2016 (Unaudited)
received in the buyout. The Hartford Index HLS Fund held 23,987 shares and received $815,558 in the buyout. The Hartford Index HLS Fund is listed as a member of the defendant class in an exhibit to the Complaint. Each action was transferred to the United States District Court for the Southern District of New York. In September 2013, the court dismissed the Deutsche Bank Trust Company Americas action and this dismissal was affirmed in March 2016. Defendants filed a motion to dismiss The Official Committee of Unsecured Creditors of Tribune Company action, but the court has not yet issued a decision. The Hartford, on behalf of the Fund, intends to vigorously defend these actions.
Under the Trust’s organizational documents, the Trust shall indemnify its officers and trustees to the full extent required or permitted under Delaware Statutory Trust Act and the federal securities laws. In addition, the Trust, on behalf of the Fund, may enter into contracts that contain a variety of indemnifications. The Trust’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the Financials Statements were issued. Based on this evaluation, no disclosures were required to the Financial Statements as of June 30, 2016.
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset Value at, Beginning of Period | | | Net Investment Income (Loss) | | | Net Realized and Unrealized Gain (Loss) on Investments
| | | Total from Investment Operations | | | Distributions from Net Investment Income | | | Distributions from Realized Gain on Investments | | | Total Distributions | | | Net Asset Value End of Period | | | Total Return(2) | | | Net Assets at End of Period (000s) | | | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | | | Ratio of Expenses to Average Net Assets After Adjust- ments(3)
| | | Ratio of Net Investment Income (Loss) to Average Net Assets
| |
HIMCO VIT Index Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 40.92 | | | $ | 0.39 | | | $ | 1.11 | | | $ | 1.50 | | | $ | — | | | $ | — | | | $ | — | | | $ | 42.42 | | | | 3.67 | %(4) | | $ | 656,710 | | | | 0.40 | %(5) | | | 0.33 | %(5) | | | 1.96 | %(5) |
IB | | | 40.57 | | | | 0.34 | | | | 1.10 | | | | 1.44 | | | | — | | | | — | | | | — | | | | 42.01 | | | | 3.55 | (4) | | | 387,537 | | | | 0.65 | (5) | | | 0.58 | (5) | | | 1.71 | (5) |
| | | | | | | | |
For the Year Ended December 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 41.11 | | | $ | 0.79 | | | $ | (0.34 | ) | | $ | 0.45 | | | $ | (0.15 | ) | | $ | (0.49 | ) | | $ | (0.64 | ) | | $ | 40.92 | | | | 1.06 | % | | $ | 680,974 | | | | 0.42 | % | | | 0.33 | % | | | 1.92 | % |
IB | | | 40.86 | | | | 0.69 | | | | (0.34 | ) | | | 0.35 | | | | (0.15 | ) | | | (0.49 | ) | | | (0.64 | ) | | | 40.57 | | | | 0.82 | | | | 414,950 | | | | 0.67 | | | | 0.58 | | | | 1.67 | |
| | | | | | | | |
For the Year Ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 38.54 | | | $ | 0.69 | | | $ | 4.23 | | | $ | 4.92 | | | $ | (0.58 | ) | | $ | (1.77 | ) | | $ | (2.35 | ) | | $ | 41.11 | | | | 13.33 | % | | $ | 760,768 | | | | 0.33 | % | | | 0.33 | % | | | 1.74 | % |
IB | | | 38.35 | | | | 0.59 | | | | 4.19 | | | | 4.78 | | | | (0.50 | ) | | | (1.77 | ) | | | (2.27 | ) | | | 40.86 | | | | 13.01 | | | | 467,467 | | | | 0.58 | | | | 0.58 | | | | 1.49 | |
| | | | | | | | |
For the Year Ended December 31, 2013(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 29.69 | | | $ | 0.62 | | | $ | 8.85 | | | $ | 9.47 | | | $ | (0.62 | ) | | $ | — | | | $ | (0.62 | ) | | $ | 38.54 | | | | 31.95 | % | | $ | 763,868 | | | | 0.33 | % | | | 0.33 | % | | | 1.79 | % |
IB | | | 29.56 | | | | 0.53 | | | | 8.80 | | | | 9.33 | | | | (0.54 | ) | | | — | | | | (0.54 | ) | | | 38.35 | | | | 31.61 | | | | 413,119 | | | | 0.58 | | | | 0.58 | | | | 1.54 | |
| | | | | | | | |
For the Year Ended December 31, 2012(6)(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 26.20 | | | $ | 0.61 | | | $ | 3.48 | | | $ | 4.09 | | | $ | (0.60 | ) | | $ | — | | | $ | (0.60 | ) | | $ | 29.69 | | | | 15.63 | % | | $ | 691,786 | | | | 0.33 | % | | | 0.33 | % | | | 1.98 | % |
IB | | | 26.09 | | | | 0.49 | | | | 3.51 | | | | 4.00 | | | | (0.53 | ) | | | — | | | | (0.53 | ) | | | 29.56 | | | | 15.34 | | | | 307,129 | | | | 0.58 | | | | 0.58 | | | | 1.75 | |
| | | | | | | | |
For the Year Ended December 31, 2011(6)(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
IA | | $ | 26.20 | | | $ | 0.52 | | | $ | (0.05 | ) | | $ | 0.47 | | | $ | (0.47 | ) | | $ | — | | | $ | (0.47 | ) | | $ | 26.20 | | | | 1.81 | % | | $ | 673,275 | | | | 0.33 | % | | | 0.33 | % | | | 1.74 | % |
IB | | | 26.08 | | | | 0.39 | | | | 0.03 | | | | 0.42 | | | | (0.41 | ) | | | — | | | | (0.41 | ) | | | 26.09 | | | | 1.60 | | | | 232,459 | | | | 0.58 | | | | 0.58 | | | | 1.51 | |
(1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
(2) | The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance. |
(3) | Adjustments include waivers and reimbursements, if applicable. |
(6) | These financial highlights were audited by other auditors. |
(7) | Net investment income (loss) per share amounts have been calculated using the SEC method. |
| | | | |
| | Portfolio Turnover Rate for All Share Classes | |
For the Six-Month Period Ended June 30, 2016 (Unaudited) | | | 6 | % |
For the Year Ended December 31, 2015 | | | 8 | |
For the Year Ended December 31, 2014 | | | 3 | |
For the Year Ended December 31, 2013(1) | | | 3 | |
For the Year Ended December 31, 2012(1) | | | 7 | |
For the Year Ended December 31, 2011(1) | | | 3 | |
(1) | These financial highlights were audited by other auditors. |
HOW TO OBTAIN A COPY OF THE FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available (1) without charge, upon request, by calling 1-800-862-6668 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
Expense Example (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of January 1, 2016 through June 30, 2016.
Actual Expenses
The first set of rows of the table below provides information about actual account values and actual expenses. You may use the information in this row, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of rows of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or fees which may be applied at the variable life insurance, variable annuity, or qualified retirement plan product level. Therefore, the second set of rows 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.
| | | | | | | | | | | | | | | | |
| | Beginning Account Value 1/1/16 | | | Ending Account Value 6/30/16 | | | Expenses Paid During Period 1/1/16 - 6/30/16* | | | Annualized Expense Ratio | |
Actual | | | | | | | | | | | | | | | | |
Class IA | | $ | 1,000 | | | $ | 1,036.70 | | | $ | 1.67 | | | | 0.33 | % |
Class IB | | $ | 1,000 | | | $ | 1,035.50 | | | $ | 2.94 | | | | 0.58 | % |
Hypothetical | | | | | | | | | | | | | | | | |
Class IA | | $ | 1,000 | | | $ | 1,023.22 | | | $ | 1.66 | | | | 0.33 | % |
Class IB | | $ | 1,000 | | | $ | 1,021.98 | | | $ | 2.92 | | | | 0.58 | % |
* | Expenses are equal to the class’s annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 182, the number of days in the most recent fiscal half-year, divided by 366, to reflect the one-half year period. |
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates
(herein called “we, our and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.
This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.
We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications, Transactions, and consumer reports.
To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.
As allowed by law, we may share Personal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
to You without providing You with an option to prevent these disclosures.
We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serve You and service our business.
When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint agreement between us and one or more financial institutions.
We, and third parties we partner with, may track some of the pages You visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.
For more information, please see our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, which is available at Online Privacy Policy.
We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
a) “opt-out;” or
b) “opt-in;”
as required by law.
We only disclose Personal Health Information with:
a) your proper written authorization; or
b) as otherwise allowed or required by law.
Our employees have access to Personal Information in the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.
We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.
Some techniques we use to protect Personal Information include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.
We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data;
c) grant access to protected data only to those people who must use it in the performance of their job-related duties.
Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.
At the start of our business relationship, we will give You a copy of our current Privacy Policy.
We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.
We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service. Personal Financial Information means financial information such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.
Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.
Personal Health Information means health information such as:
a) your medical records; or
b) information about your illness, disability or injury.
Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:
a) Personal Financial Information; and
b) Personal Health Information.
Transaction means your business dealings with us, such as:
a) your Application;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.
You means an individual who has given us Personal Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; DMS R, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC (Delaware); FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Financial Services, LLC; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life, Inc.; Hartford Life International Holding Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; HDC R, LLC .; Heritage Holdings, Inc.; HIMCO Distribution Services Company; HIMCO Variable Insurance Trust; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; ; Lanidex R, LLC (Delaware); MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.
Revised March 2016

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 product prospectus (which contains all pertinent information including the applicable sales, administrative and other charges) and the current prospectus and/or summary prospectus of the Fund available for investment thereunder.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
You should carefully consider investment objectives, risks, and charges and expenses of the HIMCO VIT Index Fund before investing. This and other information can be found in the Fund’s prospectus or summary prospectus, which can be obtained from your investment representative or from www.hvitfunds.com. Please read them carefully before investing.
Hartford Investment Management is an SEC-registered investment adviser. SEC registration does not imply a certain level of skill or training; nor does it imply that the SEC has sponsored, recommended, or otherwise approved of Hartford Investment Management.
Distributor: HIMCO Distribution Services Company, member FINRA, SIPC, a broker-dealer affiliated with Hartford Investment Management. Not FDIC Insured – No Bank Guarantee – May Lose Value
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. Investments.
| (a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form. |
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.
Not applicable.
Item 11. Controls and Procedures.
| (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| (b) | The registrant did not experience a change in internal control over financial reporting. |
Item 12. Exhibits.
| | | | |
(a) | | (1) | | Not applicable to this semi-annual filing. |
| | (2) | | Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)). |
| | (3) | | Not applicable |
(b) | | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002. |
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.
HIMCO Variable Insurance Trust
| | |
By: | | /s/ Matthew Poznar |
| | Matthew Poznar |
| | President |
| | August 8, 2016 |
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.
HIMCO Variable Insurance Trust
| | |
By: | | /s/ Matthew Poznar |
| | Matthew Poznar |
| | President |
| | August 8, 2016 |
| | |
By: | | /s/ Peter Sannizzaro |
| | Peter Sannizzaro |
| | Treasurer |
| | August 8, 2016 |