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: 811-00558
THE HARTFORD MUTUAL FUNDS II, INC.
(Exact name of registrant as specified in charter)
690 Lee Road, Wayne, Pennsylvania 19087
(Address of Principal Executive Offices) (Zip Code)
Thomas R. Phillips, Esquire
Hartford Funds Management Company, LLC
690 Lee Road
Wayne, Pennsylvania 19087
(Name and Address of Agent for Service)
Registrant’s telephone number, including area code: (610) 386-4068
Date of fiscal year end: October 31
Date of reporting period: October 31, 2018
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
A MESSAGE FROM THE PRESIDENT
Dear Shareholders:
Thank you for investing in Hartford Funds. The following is the Funds’ Annual Report, covering the period from November 1, 2017 through October 31, 2018.
Market Review
Despite a volatile year, during the 12 months ended October 31, 2018, U.S. stocks, as measured by the S&P 500 Index,1 saw positive returns. During this period, the S&P
500 Index had a 7.35% return.
As of the end of September 2018, there were more than 35 days in 2018 when the S&P 500 Index closed 1% higher or lower than the previous day, which is more than triple the number of 1% swings experienced in all of 2017. Rising interest rates, inflation anxiety, and concerns surrounding U.S. tariffs and trade policies have all contributed to the return of market volatility.
Throughout 2018, the U.S. Federal Reserve (Fed) continued its cycle of interest-rate increases. At the end of October 2018, short-term rates ranged from 2% to 2.25%. At the time of this writing, expectations were for a continued gradual increase through the end of this calendar year and into next. Central banks overseas are also beginning to unwind their accommodative policies by raising interest rates, which may impact global markets.
Going forward, politics both at home and abroad are likely to continue playing a key role in driving market movements. For example, protectionist U.S. trade policies have sparked concern and uncertainty among some investors.
We encourage you to maintain a strong relationship with your financial advisor, who can help guide you through shifting markets confidently. He or she can help you proactively build a portfolio that takes market uncertainty into account, along with your unique investment goals and risk tolerances. Your financial advisor can help you find a fit within our family of funds as you work toward those goals.
Thank you again for investing in Hartford Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford Funds
| 1 | S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. The index is unmanaged and not available for direct investment. Past performance is not indicative of future results. |
Hartford Domestic Equity Funds
Table of Contents
| * | Effective November 1, 2018, the fund’s name changed to the Hartford Small Cap Value Fund |
The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.
|
| The Hartford Capital Appreciation Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 7/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 3.92% | | | | 8.01% | | | | 11.61% | |
Class A2 | | | -1.80% | | | | 6.79% | | | | 10.98% | |
Class C1 | | | 3.15% | | | | 7.24% | | | | 10.82% | |
Class C2 | | | 2.28% | | | | 7.24% | | | | 10.82% | |
Class I1 | | | 4.19% | | | | 8.33% | | | | 11.94% | |
Class R31 | | | 3.57% | | | | 7.67% | | | | 11.29% | |
Class R41 | | | 3.87% | | | | 8.00% | | | | 11.63% | |
Class R51 | | | 4.18% | | | | 8.32% | | | | 11.97% | |
Class R61 | | | 4.29% | | | | 8.41% | | | | 12.07% | |
Class Y1 | | | 4.28% | | | | 8.42% | | | | 12.07% | |
Class F1 | | | 4.28% | | | | 8.37% | | | | 11.96% | |
Russell 3000 Index | | | 6.60% | | | | 10.81% | | | | 13.35% | |
S&P 500 Index | | | 7.35% | | | | 11.34% | | | | 13.24% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude
investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Russell 3000 Index (reflects no deduction for fees, expenses or taxes) measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.10% | | | | 1.10% | |
Class C | | | 1.83% | | | | 1.83% | |
Class I | | | 0.81% | | | | 0.81% | |
Class R3 | | | 1.43% | | | | 1.43% | |
Class R4 | | | 1.12% | | | | 1.12% | |
Class R5 | | | 0.82% | | | | 0.82% | |
Class R6 | | | 0.72% | | | | 0.72% | |
Class Y | | | 0.72% | | | | 0.72% | |
Class F | | | 0.72% | | | | 0.72% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Capital Appreciation Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Kent M. Stahl, CFA*
Senior Managing Director and Chief Investment Strategist
Wellington Management Company LLP
Gregg R. Thomas, CFA
Senior Managing Director and Director, Investment Strategy
Wellington Management Company LLP
* Mr. Stahl announced his plan to retire and withdraw from the partnership of Wellington Management Group LLP, the ultimate holding company of Wellington Management Company LLP, as of December 31, 2018. Accordingly, he will no longer serve as a portfolio manager to the Fund as of December 31, 2018.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Capital Appreciation Fund returned 3.92%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmarks, the Russell 3000 Index and the S&P 500 Index, which returned 6.60% and 7.35%, respectively, for the same period. For the same period, Class A shares of the Fund outperformed the 3.71% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve month period ending October 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ending October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October 2018. Concerns surrounding slowing global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index respectively.
Nine of eleven sectors in the Russell 3000 Index posted positive returns during the period. Strong performers included the Consumer Discretionary (+12.8%), Information Technology (+12.4%), and
Healthcare (+11.5%) sectors, while the Materials (-10.5%) and Industrials (-1.5%) sectors detracted most.
The Fund underperformed the Russell 3000 Index primarily due to weak stock selection within the Information Technology, Financials, and Healthcare sectors. Conversely, stock selection within the Industrials, Materials, and Real Estate sectors contributed positively to returns relative to the Russell 3000 Index during the period. Sector allocation, a result of bottom-up stock selection, was slightly positive during the period. The Fund’s underweight to Consumer Staples and Utilities sectors, as well as an overweight to the Information Technology sectors, contributed to returns relative to the Russell 3000 Index. This was slightly offset by the Fund’s overweight to Materials and Industrials sectors, which detracted from performance.
Top detractors from performance relative to the Russell 3000 Index included Amazon (Consumer Discretionary), Apple (Information Technology), and Microsoft (Information Technology). Underweight exposure to U.S.-based global e-commerce retailer Amazon detracted from relative performance. The stock price rose after the company posted strong earnings during the period as investors continued to be bullish on the prospects of continued strong growth. While we have added to the position over the period, we remained underweight relative to the Russell 3000 Index. The Fund’s underweight position in Apple, a U.S.-based designer and manufacturer of mobile devices and digital content distribution markets, was another top relative detractor during the period. Sales during the period, driven by the iPhone, continued to come in higher than anticipated, helping boost the stock price higher. We continued to be underweight Apple given its high valuation. Underweight exposure to Microsoft, a U.S.-based developer of software products and services, detracted from results. The stock price rose during the period as the company released strong quarterly and fiscal 2018 financial results driven by robust performance across all business segments (productivity and business processes, intelligent cloud, and personal computing). We continue to hold an underweight position due to high valuation in our view. TERASO (Healthcare), Rethink Robotics (Information Technology), and Las Vegas Sands (Consumer Discretionary) detracted most from performance on an absolute basis over the period.
Trade Desk (Information Technology), Under Armour (Consumer Discretionary), and Nike (Consumer Discretionary) were the top absolute and relative contributors to performance over the period. Share prices of Trade Desk, a U.S.-based firm that developed a global technology platform for buyers of advertising, rose during the period as strong quarterly earnings far exceeded analyst expectations, driven by multiple
|
| The Hartford Capital Appreciation Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
growth drivers in the U.S. and internationally. The company also raised its 2018 revenue guidance. After a strong run, we eliminated the position and moved the capital to more compelling opportunities in our view. Shares of Under Armour, a U.S.-based manufacturer and retailer of performance apparel, rose over the period driven by strength in the apparel category and international growth. We continued to own the name as we believe the market underappreciates the company’s ability to improve returns on capital driven by a reacceleration of growth. Nike, a U.S.-based provider of athletic footwear, apparel, and accessories, was also a key relative contributor. The company’s share price surged after the company reported strong quarterly results during the period as new innovation platforms are all working, sales are accelerating across all regions and channels (including the U.S.), gross margins are beating expectations, and inventory issues are in the rearview mirror. Management’s strategic focus on doubling the growth of innovation, speed, and direct relationships (“triple double”) is well under way. We continued to hold an overweight position in the stock.
Strategies included in the Fund are chosen based on extensive analysis of qualitative and quantitative factors. Risk factors managed within the overall portfolio include but are not limited to: growth, value, momentum, contrarian, high volatility, low volatility, quality and leverage. Over the period, factor impact on the Fund was positive. Exposure to momentum and higher liquidity equities contributed positively to performance, while the Fund’s exposure to higher volatility equities and dividend yield detracted.
International exposure (country and currency) detracted from results, particularly driven by exposure to Emerging Markets (China and South Korea) and Europe (Switzerland and France).
During the period, the Fund, at times, used derivative instruments, such as currency forwards to hedge currency risk and equity index futures to hedge market risk. During the period, the use of these derivatives did not have a significant impact on performance.
What is the outlook?
Mixed economic data from the U.S. suggests the potential for a later stage market cycle. While we continue to expect economic expansion, we also expect to see growth slow. Positive drivers of growth include elevated capital expenditure intentions, the highest consumer confidence levels since 2000, and increased income expectations. While these signal a near term increase in investment and consumption, other news points to a potential slowing of economic expansion. Specifically, the tight labor market combined with the continued uncertainty with regards to trade agreements between the U.S. and its trade partners may lead to increased inflation and slower growth. As such, we continue to expect to see higher interest rates and increased equity market volatility.
At the end of the period, the Fund’s largest overweights were to Consumer Discretionary and Industrials sectors, while the Fund’s largest underweights were to Information Technology and Communication Services sectors, relative to the Russell 3000 Index.
Important Risks
Investing involves risk, including the possible loss of principal. The Fund seeks to achieve its investment objective by allocating assets among different asset classes and/or portfolio management teams. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions
and the prospects of individual companies. •Mid-cap securities can have greater risks and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks are generally greater for investments in emerging markets. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 5.3 | % |
Consumer Discretionary | | | 15.3 | |
Consumer Staples | | | 7.6 | |
Energy | | | 3.0 | |
Financials | | | 12.3 | |
Health Care | | | 15.8 | |
Industrials | | | 12.3 | |
Information Technology | | | 17.3 | |
Materials | | | 3.7 | |
Real Estate | | | 4.4 | |
Utilities | | | 1.8 | |
| | | | |
Total | | | 98.8 | % |
| | | | |
Short-Term Investments | | | 1.9 | |
Other Assets & Liabilities | | | (0.7 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Core Equity Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 4/30/1998 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 9.41% | | | | 11.78% | | | | 13.84% | |
Class A2 | | | 3.40% | | | | 10.53% | | | | 13.20% | |
Class C1 | | | 8.61% | | | | 10.99% | | | | 13.00% | |
Class C2 | | | 7.61% | | | | 10.99% | | | | 13.00% | |
Class I1 | | | 9.72% | | | | 12.00% | | | | 13.95% | |
Class R31 | | | 9.02% | | | | 11.46% | | | | 13.58% | |
Class R41 | | | 9.37% | | | | 11.82% | | | | 13.89% | |
Class R51 | | | 9.69% | | | | 12.13% | | | | 14.25% | |
Class R61 | | | 9.80% | | | | 12.20% | | | | 14.32% | |
Class Y1 | | | 9.77% | | | | 12.19% | | | | 14.31% | |
Class F1 | | | 9.80% | | | | 12.04% | | | | 13.97% | |
S&P 500 Index | | | 7.35% | | | | 11.34% | | | | 13.24% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class I shares commenced operations on 3/31/15. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R6 shares commenced operations on 3/31/15 and performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance for Class F shares prior to 2/28/17 reflects the performance of Class I shares from 3/31/15 through 2/27/17 and Class A shares (excluding sales charges) prior to 3/31/15.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 0.77% | | | | 0.77% | |
Class C | | | 1.51% | | | | 1.51% | |
Class I | | | 0.51% | | | | 0.51% | |
Class R3 | | | 1.12% | | | | 1.12% | |
Class R4 | | | 0.81% | | | | 0.81% | |
Class R5 | | | 0.51% | | | | 0.51% | |
Class R6 | | | 0.41% | | | | 0.41% | |
Class Y | | | 0.42% | | | | 0.42% | |
Class F | | | 0.41% | | | | 0.41% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| Hartford Core Equity Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Mammen Chally, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
David A. Siegle, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Douglas W. McLane, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Core Equity Fund returned 9.41%, before sales charge, for the twelve-month period ended October 31, 2018, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 7.35% for the same period. For the same period, Class A shares of the Fund also outperformed the 5.93% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, rose for the twelve-month period ending October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ending October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong; as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing global growth, rich valuations, and volatile U.S. and China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index outperformed small-cap and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index respectively.
Nine out of eleven sectors in the S&P 500 Index rose during the period, with Consumer Discretionary (+15%), Information Technology (+13%), and Healthcare (+11%) performing the best. Materials (-9%) and Industrials (-1%) lagged on a relative basis during the period.
Overall, outperformance relative to the S&P 500 Index was driven by strong security selection, primarily within the Information Technology, Industrials, and Healthcare sectors. This was partially offset by weak stock selection within the Consumer Discretionary sector. Sector allocation, a result of the bottom up stock selection, contributed modestly to benchmark-relative performance primarily driven by the Fund’s overweight to the Healthcare sector and underweight allocation to the Energy sector. This was partially offset by the Fund’s overweight to the Utilities sector.
The top contributors to performance relative to the S&P 500 Index were NetApp (Information Technology), GoDaddy (Information Technology), and TJX Companies (Consumer Discretionary). NetApp provides storage and data management solutions; shares rose after the company raised its guidance for fiscal year 2019 amid a favorable backdrop for corporate information technology spending. GoDaddy, a web hosting company, outperformed during the period as cross-selling and improved product features drove sales growth. TJX, a global off-price apparel and home goods retailer, also contributed to positive relative returns. During the year, the shares outperformed after management reported strong consecutive quarterly earnings on the heels of strong same store sales and better-than-expected 2018 guidance. Top absolute contributors included NetApp (Information Technology) and Mastercard (Information Technology).
The top detractors from performance relative to the S&P 500 Index included Amazon (Consumer Discretionary), Apple (Information Technology), and Chubb (Financials). Shares of Amazon, a U.S.-based global e-commerce retailer rose during the period as the company continued to expand the categories of its offerings. Not owning Amazon over the period detracted from benchmark-relative returns. Apple continued its streak of outperformance after a strong earnings report from July that highlighted the growing nature of its annuity and services business. The Fund’s underweight to the outperforming stock detracted from relative performance. Shares of Chubb, a global insurance company, fell amid higher than expected catastrophe losses during the period. Top absolute detractors for the period included Micron (Information Technology) and Chubb (Financials).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
|
| Hartford Core Equity Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
What is the outlook?
While the overall U.S. economy remains relatively healthy, most companies are beginning to see increasing labor and material costs. With unemployment levels low and trending lower, we still believe risks to U.S. inflation are to the upside. Many companies are facing the prospect of either absorbing these costs (therefore reducing marginal profitability) or passing the costs through and face the uncertain consumer demand that may come from raising prices. Trade continues to dominate the narrative right now. While the initial tariff rate may be offset by some efficiencies and very nominal price increases, the risks remain high given the automatic rise in tariffs next year. We are hopeful that a conversation with China will restart soon. We are becoming cautious about supply chain disruption and capital expenditure uncertainty given the trade talks and potential reciprocal measures that China may impose. We believe that the risk of a spike in oil prices is rising each day as Iran is being blocked out of international markets. Offsetting some of these risks is the employment situation and changes to the Childcare tax and current withholdings that could be a positive surprise for many Americans’ tax refund next cycle. Given all of the above and, considering the market moves so far relative to earnings, we believe that the risk for increased volatility remains high.
Overall, we believe the U.S. economy remains healthy, and we continue to monitor policy decisions and economic trends that may impact the Fund’s holdings. We remain consistent in adhering to our disciplined portfolio construction process that we believe allows us to assess risk, weight individual positions accordingly, and in the process build a portfolio that focuses largely on stock selection in seeking to outperform the S&P 500 Index.
At the end of the period, the Fund’s largest overweight sectors relative to the S&P 500 Index were to Healthcare and Utilities, while the Fund’s largest underweights were to Communication Services and Energy sectors.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 6.2 | % |
Consumer Discretionary | | | 9.8 | |
Consumer Staples | | | 8.7 | |
Energy | | | 2.4 | |
Financials | | | 14.0 | |
Health Care | | | 17.4 | |
Industrials | | | 10.6 | |
Information Technology | | | 18.8 | |
Materials | | | 2.1 | |
Real Estate | | | 1.0 | |
Utilities | | | 4.9 | |
| | | | |
Total | | | 95.9 | % |
| | | | |
Short-Term Investments | | | 3.7 | |
Other Assets & Liabilities | | | 0.4 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Dividend and Growth Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 7/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks a high level of current income consistent with growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 4.38% | | | | 9.59% | | | | 11.70% | |
Class A2 | | | -1.36% | | | | 8.36% | | | | 11.07% | |
Class C1 | | | 3.58% | | | | 8.77% | | | | 10.87% | |
Class C2 | | | 2.65% | | | | 8.77% | | | | 10.87% | |
Class I1 | | | 4.68% | | | | 9.84% | | | | 11.98% | |
Class R31 | | | 4.03% | | | | 9.23% | | | | 11.35% | |
Class R41 | | | 4.32% | | | | 9.56% | | | | 11.70% | |
Class R51 | | | 4.65% | | | | 9.89% | | | | 12.04% | |
Class R61 | | | 4.76% | | | | 9.98% | | | | 12.14% | |
Class Y1 | | | 4.72% | | | | 9.98% | | | | 12.14% | |
Class F1 | | | 4.77% | | | | 9.88% | | | | 12.00% | |
S&P 500 Index | | | 7.35% | | | | 11.34% | | | | 13.24% | |
Russell 1000 Value Index | | | 3.03% | | | | 8.61% | | | | 11.30% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.
Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.01% | | | | 1.01% | |
Class C | | | 1.76% | | | | 1.76% | |
Class I | | | 0.78% | | | | 0.78% | |
Class R3 | | | 1.36% | | | | 1.36% | |
Class R4 | | | 1.05% | | | | 1.05% | |
Class R5 | | | 0.75% | | | | 0.75% | |
Class R6 | | | 0.65% | | | | 0.65% | |
Class Y | | | 0.66% | | | | 0.66% | |
Class F | | | 0.65% | | | | 0.65% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Dividend and Growth Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Edward P. Bousa, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Matthew G. Baker
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Mark E. Vincent
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Dividend and Growth Fund returned 4.38%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the S&P 500 Index, which returned 7.35% for the same period. Class A shares of the Fund outperformed the Russell 1000 Value Index, the Fund’s other benchmark, which returned 3.03% for the same period. For the same period, Class A shares of the Fund outperformed the 3.32% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ending October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October 2018. Concerns surrounding slowing global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on investor confidence into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, measured by the S&P 500 Index, outperformed mid and small-cap equities, measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Nine out of eleven sectors in the S&P 500 Index rose during the period, with Consumer Discretionary (+15%), Information Technology (+13%), and Healthcare (+11%) sectors leading the index higher. Materials (-9%) and Industrials (-1%) sectors lagged on a relative basis and were the only two sectors to post negative returns during the period.
Sector allocation, a result of the bottom up stock selection process, drove underperformance relative to the S&P 500 Index during the period. An underweight to the Consumer Discretionary sector and an overweight to Financials sector detracted most from performance relative to the S&P 500 Index. This was offset by an underweight to Industrials and Real Estate sectors, which contributed positively to performance relative to the S&P 500 Index. Stock selection also detracted from relative performance, particularly within the Financials, Consumer Discretionary, and Industrials sectors. This was partially offset by stronger selection within the Communication Services, Healthcare, and Energy sectors, which contributed positively to performance relative to the S&P 500 Index.
The Fund’s top detractors from performance relative to the S&P 500 Index included Amazon (Consumer Discretionary), Apple (Information Technology), and Chubb (Financials). Not owning Amazon, a constituent in the S&P 500 Index, a U.S.-based global e-commerce retailer, detracted from performance relative to the S&P 500 Index as the company reported strong organic growth and rising profit, along with increasing net sales year over year. The share price of Apple, U.S.-based designer and manufacturer of mobile devices and distributor of digital content, rose during the period as the company reported strong quarterly results which came in ahead of consensus expectations and were viewed as positive by investors. Although we held the name, the Fund’s underweight weighed on relative results. The stock price of Chubb, a U.S.-based provider of insurance products, fell as the company announced decreased earnings per share and premium growth that was below expectations. Additionally, insurance equities as a whole suffered due to rising interest rates and catastrophe losses. American International Group (Financials) and Bristol-Myers Squibb (Healthcare) were among the top absolute detractors during the period.
The Fund’s top contributors to performance relative to the S&P 500 Index during the period were Facebook (Communication Services), General Electric (Industrials), and Verizon (Communication Services). Not holding Facebook, constituent in the S&P 500 Index, a U.S.-based social media provider, contributed to performance relative to the S&P 500 Index as the company faced ongoing concerns over data privacy
|
| The Hartford Dividend and Growth Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
issues. Share prices of General Electric (GE), a U.S.-based multinational conglomerate operating in the technology infrastructure, capital finance, and consumer and industrial products industries, fell as the company reported earnings results that were weaker than consensus estimates primarily driven by another miss in their Power Segment. The Fund’s small position in GE was eliminated during the period. Verizon, a U.S.-based communications technology company, saw its share price rise as the company reported strong quarterly results with earnings per share beating street estimates and reduced its capital expenditure. Top absolute performers during the period included Microsoft (Information Technology) and Merck (Healthcare).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
Looking ahead, we believe the market should continue to achieve new record highs, and valuations should continue to rise. In part, we believe these market conditions have been driven by lower tax rates and broad economic strength. While we might expect for companies that benefit most from tax rate cuts to lead, we have continued to see growth equities leading and think this could continue in the near term. Although we appreciate that disruption is a powerful force, we do expect for growth in technology equities to slow and for the growth of such equities to pause eventually.
As of the end of the period, the economy has picked up, and capacity utilization is high and we believe that this should benefit the Materials sector. Defense equities came under pressure and we believe this created a buying opportunity as the sector should benefit going forward with more clarity with respect to timing of payments from the U.S. government. We also believe that the Healthcare sector has done better as investors seem to appreciate that the outlook is better than feared. We find medical device companies are generally very expensive. Though we are somewhat challenged to find companies that fit our approach, we maintained a neutral weight to the Healthcare sector. We maintained an overweight to the Financials sector, particularly among banks and insurers where costs are being held flat or coming down. We are likely approaching the end of Fed rate increases and expect that bank equities are unlikely to benefit from net interest margin increases after mid-2019.
At the end of the period, the Fund’s largest sector overweights relative to the S&P 500 Index were to Financials, Energy, and Materials sectors, while the Fund’s largest underweights were to Information Technology, Consumer Discretionary, and Consumer Staples sectors.
We continue to rely on our process and philosophy as we construct the Fund.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 8.8 | % |
Consumer Discretionary | | | 3.8 | |
Consumer Staples | | | 5.6 | |
Energy | | | 9.0 | |
Financials | | | 20.3 | |
Health Care | | | 15.1 | |
Industrials | | | 8.3 | |
Information Technology | | | 13.7 | |
Materials | | | 4.6 | |
Real Estate | | | 2.5 | |
Utilities | | | 4.9 | |
| | | | |
Total | | | 96.6 | % |
| | | | |
Short-Term Investments | | | 3.3 | |
Other Assets & Liabilities | | | 0.1 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Equity Income Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 8/28/2003 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks a high level of current income consistent with growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 0.49% | | | | 8.22% | | | | 11.16% | |
Class A2 | | | -5.03% | | | | 7.01% | | | | 10.53% | |
Class C1 | | | -0.22% | | | | 7.44% | | | | 10.35% | |
Class C2 | | | -1.16% | | | | 7.44% | | | | 10.35% | |
Class I1 | | | 0.77% | | | | 8.51% | | | | 11.45% | |
Class R31 | | | 0.12% | | | | 7.84% | | | | 10.79% | |
Class R41 | | | 0.43% | | | | 8.17% | | | | 11.11% | |
Class R51 | | | 0.78% | | | | 8.50% | | | | 11.48% | |
Class R61 | | | 0.83% | | | | 8.60% | | | | 11.59% | |
Class Y1 | | | 0.79% | | | | 8.59% | | | | 11.58% | |
Class F1 | | | 0.85% | | | | 8.55% | | | | 11.47% | |
Russell 1000 Value Index | | | 3.03% | | | | 8.61% | | | | 11.30% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.01% | | | | 1.01% | |
Class C | | | 1.75% | | | | 1.75% | |
Class I | | | 0.76% | | | | 0.76% | |
Class R3 | | | 1.37% | | | | 1.37% | |
Class R4 | | | 1.07% | | | | 1.07% | |
Class R5 | | | 0.77% | | | | 0.77% | |
Class R6 | | | 0.67% | | | | 0.67% | |
Class Y | | | 0.68% | | | | 0.68% | |
Class F | | | 0.66% | | | | 0.66% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Equity Income Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
W. Michael Reckmeyer, III, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Karen H. Grimes, CFA*
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Ian R. Link, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
* Ms. Grimes has announced her plan to retire and withdraw from the partnership of Wellington Management Group LLP, the ultimate holding company of Wellington Management Company LLP, as of December 31, 2018. Accordingly, she will no longer serve as a portfolio manager to the Fund as of December 31, 2018.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Equity Income Fund returned 0.49%, before sales charge for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned 3.03% for the same period. For the same period, Class A shares of the Fund also underperformed the 3.32% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ending October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump. Entering 2018, bullish sentiment was exceptionally strong, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on sentiment into the end of the period.
During the period, eight out of eleven sectors within the Russell 1000 Value Index posted positive absolute returns with Healthcare (14%), Communication Services (9%), and Information Technology (9%) sectors performing the best. Materials (-10%), Industrials (-8%), and Financials (-1%) sectors lagged during the period.
Underperformance relative to the Russell 1000 Value Index was driven by security selection, primarily within the Financials, Energy, and Consumer Staples sectors. This more than offset stronger stock selection within Industrials, Information Technology, and Communication Services sectors, which detracted from performance. Sector allocation, a result of our bottom-up stock selection process, contributed to performance during the period primarily due to the Fund’s overweight in the Utilities sector and underweight in the Financials sector. This was partially offset by an overweight to the Industrials sector, which detracted.
Top detractors from performance relative to the Russell 1000 Value Index during the period included Invesco (Financials), MetLife (Financials), and British-American Tobacco (Consumer Staples). Invesco is a U.S.-based investment management company. The Fund’s position continued to underperform due to net outflows in the company’s active management business. We trimmed the Fund’s position in the stock. MetLife is a U.S.-based global financial company providing life and property and casualty (P&C) insurance, annuity and retail banking. The company’s stock price has declined during the period as a result of massive insurance losses due to rainstorms and flooding across the U.S. and Canada. British-American Tobacco is a UK-based tobacco company. The company’s stock declined during the period as a challenging regulatory environment weighed on tobacco equities in 2018, which we believe has caused the market to overreact. British American Tobacco continues to push into next generation products with its heat-not-burn product, increasing share in key markets globally. We continued to hold the Fund’s position. A top absolute detractor during the period was DowDuPont (Materials).
Top contributors to returns relative to the Russell 1000 Value Index included Eli Lilly (Healthcare), General Electric (Industrials), and Union Pacific (Industrials). Share prices of Eli Lilly, a global pharmaceutical company, rose during the period. The company recently reported better than expected quarterly results driven by their diabetes franchise, and was also supported by favorable market reactions to management’s plans to spin off their animal health business, Elanco, which raised $1.5B in the September IPO. General Electric, a U.S.-based globally diversified technology and financial services company, contributed to relative performance during the period after the Fund’s position was eliminated earlier in the period. The stock price lagged as a result of the company’s stagnant power business, sizeable writedowns in their long
|
| The Hartford Equity Income Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
term care insurance business, a dividend cut, and general concern over management effectiveness which resulted in a CEO transition in the span of one year. Union Pacific is a U.S.-based railroad holding company. The company’s stock price rose during the period due to strong rail volumes, an improving pricing outlook, and the potential for better margins through the adoption of Precision Scheduled Railroading principles. We trimmed the Fund’s position in the stock. A top absolute contributor during the period was Cisco Systems (Information Technology).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
As of the end of the period, the U.S. economy remained strong, with continued job growth driving the unemployment rate below (4%). Retail sales were strong through the summer and consumer confidence remained near all-time highs. Tax cuts continued to boost consumer spending and corporate earnings growth, leading to strong business confidence and high levels of capital spending. Small Business Optimism, as measured by the National Federation of Independent Business, reached a record level of 108.8 in August. Inflation ticked up modestly to 2.4%, but remained near the Fed’s targeted level. Alongside strong economic growth, the Fed raised its real gross domestic product growth forecast to 3.1% for 2018, up from its prior forecast of 2.8% in June, and they raised short-term interest rates by 0.25% in September. Rate expectations now include four more increases by the end of 2019.
Outside of the U.S., macroeconomic data has been weaker due in part to the implementation of tariffs against Chinese goods and threats of tariffs against other countries. We are monitoring supply chain impacts in the Technology, Industrial, and Consumer sectors, which may result in increased inflationary pressure and manufacturing dislocations. We are also mindful of the overall impact these tariffs may have on global economic growth. China has added stimulus to their economy to offset headwinds from tariffs, but growth does appear to have slowed from a high level. Weakening demand from China has impacted European growth as well, with the Eurozone manufacturing Purchasing Managers’ Index declining for the third consecutive month to the lowest in two years.
Industrials, Consumer Staples, and Utilities sectors represented the Fund’s largest sector overweights relative to the Russell 1000 Value Index, while Consumer Discretionary, Real Estate, and Financials sectors were the Fund’s largest underweights at the end of the period.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 6.3 | % |
Consumer Discretionary | | | 1.3 | |
Consumer Staples | | | 9.9 | |
Energy | | | 11.7 | |
Financials | | | 21.0 | |
Health Care | | | 17.0 | |
Industrials | | | 9.7 | |
Information Technology | | | 8.5 | |
Materials | | | 3.1 | |
Real Estate | | | 1.6 | |
Utilities | | | 8.0 | |
| | | | |
Total | | | 98.1 | % |
| | | | |
Short-Term Investments | | | 1.9 | |
Other Assets & Liabilities | | | 0.0 | * |
| | | | |
Total | | | 100.0 | % |
| | | | |
| * | Percentage rounds to zero. |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Growth Opportunities Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 3/31/1963 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 8.31% | | | | 13.08% | | | | 14.42% | |
Class A2 | | | 2.35% | | | | 11.80% | | | | 13.77% | |
Class C1 | | | 7.49% | | | | 12.26% | | | | 13.60% | |
Class C2 | | | 6.55% | | | | 12.26% | | | | 13.60% | |
Class I1 | | | 8.62% | | | | 13.35% | | | | 14.72% | |
Class R31 | | | 7.94% | | | | 12.71% | | | | 14.10% | |
Class R41 | | | 8.28% | | | | 13.05% | | | | 14.45% | |
Class R51 | | | 8.60% | | | | 13.39% | | | | 14.78% | |
Class R61 | | | 8.71% | | | | 13.49% | | | | 14.90% | |
Class Y1 | | | 8.68% | | | | 13.49% | | | | 14.90% | |
Class F1 | | | 8.71% | | | | 13.38% | | | | 14.74% | |
Russell 3000 Growth Index | | | 10.20% | | | | 13.06% | | | | 15.33% | |
Russell 1000 Growth Index | | | 10.71% | | | | 13.43% | | | | 15.45% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.14% | | | | 1.14% | |
Class C | | | 1.87% | | | | 1.87% | |
Class I | | | 0.88% | | | | 0.88% | |
Class R3 | | | 1.47% | | | | 1.47% | |
Class R4 | | | 1.16% | | | | 1.16% | |
Class R5 | | | 0.87% | | | | 0.87% | |
Class R6 | | | 0.76% | | | | 0.76% | |
Class Y | | | 0.77% | | | | 0.77% | |
Class F | | | 0.76% | | | | 0.76% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Growth Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Michael T. Carmen, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Mario E. Abularach, CFA, CMT
Senior Managing Director and Equity Research Analyst
Wellington Management Company LLP
Stephen Mortimer
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Growth Opportunities Fund returned 8.31%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmarks, the Russell 3000 Growth Index and the Russell 1000 Growth Index, which returned 10.20% and 10.71% respectively, for the same period. For the same period, the Class A shares of the Fund outperformed the 7.80% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ended October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy.
Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October 2018. Concerns surrounding slowing global growth, rich valuations, and volatile U.S. and China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, measured by the S&P 500 Index, outperformed mid and small-cap equities, measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Nine out of eleven sectors in the Russell 3000 Growth Index rose during the period, with Consumer Discretionary (17%), Information Technology
(13%), and Consumer Staples (11%) performing the best. Materials (-11%) and Energy (-11%) lagged on a relative basis during the period.
Sector allocation, a result of our bottom-up stock selection process, detracted from performance relative to the Russell 3000 Growth Index during the period, due to an overweight to Consumer Discretionary and Energy sectors. This was partially offset by the positive impact of an underweight to the Consumer Staples sector, which contributed to performance relative to the Russell 3000 Growth Index. Security selection contributed to performance relative to the Russell 3000 Growth Index during the period, with strong selection in Health Care, Consumer Staples, and Industrials sectors, which was partially offset by weaker selection within Consumer Discretionary, Materials, and Real Estate sectors.
Top detractors from performance relative to the Russell 3000 Growth Index during the period included Apple (Information Technology), Floor & Décor (Consumer Discretionary), and Microsoft (Information Technology). Shares of Apple, a U.S.-based leader in mobile devices and digital content distribution markets, rose during the period as the company reported strong quarterly results which came in ahead of consensus expectations and were viewed as positive by investors. The company displayed significant topline growth due to increase in iPhone average selling prices (ASPs) and massive earnings per share growth due to tax reform and year over year reduction in shares outstanding. Not owning a position in Apple, a benchmark constituent, detracted from performance relative to the Russell 3000 Growth Index. Floor & Décor, a U.S.-based flooring and related accessory retailer, also detracted from performance during the period. The stock price fell after the company announced softer than expected quarterly sales growth including lower same-store-sales and guidance below consensus expectations. We initiated a position in Floor & Décor during the period and as of the end of the period, continued to believe in the long term growth prospects of the company, but trimmed the Fund’s position to fund more compelling opportunities in our view. Shares of Microsoft, a U.S.-based developer of software products and services, rose due to strong revenue growth mainly attributable to the commercial cloud and pull through of newer hybrid server products. Not owning a position in Microsoft, a benchmark constituent, detracted from performance relative to the Russell 3000 Growth Index. Advanced Micro Devices (Information Technology) and ADT (Industrials) were among the top absolute detractors during the period.
|
| The Hartford Growth Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Top contributors to performance relative to the Russell 3000 Growth Index during the period included Trade Desk (Information Technology), DexCom (Healthcare), and Wayfair (Consumer Discretionary). The stock price of Trade Desk, a U.S.-based technology company providing ad buyers a platform to manage and display social, mobile, and video advertising, rose after revenue and earnings came in significantly above consensus estimates. We trimmed the Fund’s position on strength. The share price of DexCom, a U.S.-based provider of continuous monitoring systems for diabetes patients, rose on strong earnings results and revenue growth which exceeded consensus estimates. The company is seeing robust demand for its G6 monitoring device, in addition to increased patient awareness. Share prices of Wayfair, a U.S.-based online home goods and furnishings provider, rose as the company announced strong revenue growth, along with consistent order and customer growth. ServiceNow (Information Technology) was among the top absolute contributors during the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
While we continue to remain optimistic on the outlook for continued economic growth in the U.S., we are becoming more cautious around macroeconomic uncertainties including the impacts of trade tensions between the U.S. and China.
We are still identifying a wide array of ideas in the Fund that differ from the Russell 3000 Growth Index, and while we generally believe valuations are not quite as attractive as they have been over the past year, we are finding a number of companies that we view as mispriced for continued economic growth. The recent market pullback has given us a chance to reevaluate the Fund’s positioning and add to our highest conviction names where we believe market sentiment has overwhelmed strong fundamentals. Information Technology continues to be the Fund’s largest absolute sector weight.
At the end of the period, the Fund’s largest overweight positions relative to the Russell 3000 Growth Index were to Healthcare, Consumer Discretionary, and Energy sectors, while the Fund’s largest underweights were to Industrials, Consumer Staples, and Information Technology sectors.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •Mid-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 9.7 | % |
Consumer Discretionary | | | 17.4 | |
Consumer Staples | | | 3.8 | |
Energy | | | 2.2 | |
Financials | | | 4.7 | |
Health Care | | | 18.2 | |
Industrials | | | 9.4 | |
Information Technology | | | 32.1 | |
Materials | | | 1.0 | |
Real Estate | | | 1.0 | |
| | | | |
Total | | | 99.5 | % |
| | | | |
Short-Term Investments | | | 1.4 | |
Other Assets & Liabilities | | | (0.9 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Healthcare Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 5/01/2000 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 3.86% | | | | 11.87% | | | | 15.09% | |
Class A2 | | | -1.85% | | | | 10.61% | | | | 14.44% | |
Class C1 | | | 3.10% | | | | 11.05% | | | | 14.27% | |
Class C2 | | | 2.13% | | | | 11.05% | | | | 14.27% | |
Class I1 | | | 4.15% | | | | 12.17% | | | | 15.42% | |
Class R31 | | | 3.55% | | | | 11.52% | | | | 14.79% | |
Class R41 | | | 3.86% | | | | 11.85% | | | | 15.16% | |
Class R51 | | | 4.15% | | | | 12.18% | | | | 15.49% | |
Class Y1 | | | 4.24% | | | | 12.30% | | | | 15.59% | |
Class F1 | | | 4.26% | | | | 12.21% | | | | 15.44% | |
S&P Composite 1500 Health Care Index | | | 12.29% | | | | 13.25% | | | | 15.39% | |
S&P 500 Index | | | 7.35% | | | | 11.34% | | | | 13.24% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
S&P Composite 1500 Health Care Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index comprised of those companies included in the S&P Composite 1500 that are classified as members of the Global Industry Classification Standard (GICS®) health care sector.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.31% | | | | 1.31% | |
Class C | | | 2.05% | | | | 2.05% | |
Class I | | | 1.03% | | | | 1.03% | |
Class R3 | | | 1.62% | | | | 1.62% | |
Class R4 | | | 1.32% | | | | 1.32% | |
Class R5 | | | 1.03% | | | | 1.03% | |
Class Y | | | 0.93% | | | | 0.93% | |
Class F | | | 0.91% | | | | 0.91% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Healthcare Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Jean M. Hynes, CFA
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Ann C. Gallo
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Robert L. Deresiewicz
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Healthcare Fund returned 3.86%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the S&P Composite 1500 Health Care Index, which returned 12.29% for the same period. The Class A shares of the Fund also underperformed the S&P 500 Index, the Fund’s other benchmark, which returned 7.35% during the period. For the same period, the Class A shares of the Fund also underperformed the 6.80% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Healthcare equities (+11.3%) outperformed both the broader U.S. equity market (+7.3%) and the global equity market (+0.0%) during the period, as measured by the S&P Composite 1500 Health Care, S&P 500, and the MSCI All Country World (ACWI) Indices, respectively.
Within the S&P Composite 1500 Health Care Index, 4 of the 5 sub-sectors posted positive absolute returns during the period. Healthcare services (21%), medical technology (17%), and small cap biopharma (16%) and large cap biopharma (7%) rose during the period. Mid cap biopharma (-6%) posted a negative absolute return during the period.
Security selection was the primary detractor to performance relative to the S&P Composite 1500 Health Care Index during the period, while sector allocation also detracted negatively from relative returns. Security selection was weakest in small-cap and large-cap biopharma names during the period, while selection in medical technology contributed positively. Within sector allocation, a result of the Fund’s bottom-up stock selection process, an overweight allocation to mid-cap biopharma detracted most from performance relative to the S&P Composite 1500 Health Care Index during the period, and was only partially offset by the positive impact of an underweight to large-cap biopharma.
Portola Pharmaceuticals (biopharma), Merck (biopharma), and Pfizer (biopharma) were the largest detractors from benchmark-relative results. The share price of Portola Pharmaceuticals, a U.S.-based biopharma company, declined following a disappointing European regulatory ruling on its cardiovascular drug betrixaban. Shares of Merck, a U.S.-based pharmaceutical company, moved higher after FDA approval of both
Lenvima, a drug for first-line liver cancer, and an expanded label for Keytruda in combination with Altima and chemotherapy for first line treatment of metastatic non-small cell lung cancer in patients without certain tumors. Not owning this benchmark constituent detracted from relative performance over the period. Not owning Pfizer, a U.S.-based pharmaceutical company, detracted from benchmark-relative returns during the period as a deep research pipeline, dozens of partnerships and an impressive roster of profitable drugs have led the company’s strong performance. Top absolute detractors included Portola Pharmaceuticals and Bristol-Myers Squibb.
Loxo Oncology (biopharma), Johnson & Johnson (biopharma), and AbbVie (biopharma) were the top contributors to benchmark-relative performance over the period. Loxo Oncology, a U.S.-based oncology-focused biopharmaceutical company, rose following positive news on the efficacy/safety profile for one of its pipeline drugs. An underweight to Johnson & Johnson, a U.S.-based multinational medical devices, pharmaceutical and consumer packaged goods manufacturer, and not owning AbbVie, a research-based pharmaceutical company, contributed positively to benchmark-relative returns during the period as the equities underperformed. AbbVie’s stock price fell as the company announced disappointing phase 2 results for small cell lung cancer drug Rova-T and investors reacted negatively to the European patent expiration of blockbuster drug, Humira. Shares of Johnson & Johnson were weak due to a mixed first quarter 2018 earnings report and a result of the FDA’s commitment to targeting large companies that have been artificially keeping drug pricing high without supplying the market with innovative products. After its share price rebounded from its lowest point during the period, Johnson & Johnson was eliminated from the portfolio, and proceeds were used to invest in companies with more promising pipeline assets. UnitedHealth Group was a top absolute contributor to performance.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
Over the long term, we believe that the tailwinds of innovation, an aging population, and the globalization of demand for cutting-edge Western-style health care should continue to drive growth of the sector. We believe that we are well-resourced and favorably-positioned to capitalize on that growth.
|
| The Hartford Healthcare Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
The Healthcare sector has advanced broadly over the past two years, but a number of uncertainties have recently contributed to stock volatility. Regarding drug pricing, we continue to believe that meaningful structural reform is unlikely in the foreseeable future. The recently-released Trump Administration Blueprint on drug pricing seeks to increase competition, foster pricing transparency, and wring out inefficiencies in the pharmaceutical market. The role of pharmacy benefits managers, for example, is under scrutiny. The Blueprint also speaks to efforts to increase approvals of generic and biosimilar drugs. Importantly for the biopharmaceutical sector, the Blueprint is supportive of biomedical innovation and the economic model thereof. Consonant with both the Blueprint and with our longstanding approach, we favor equities of companies pursuing innovative therapeutics that address serious unmet medical needs, and equities of companies that provide solutions to the challenges of health care delivery.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Risks of focusing investments on the healthcare related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities.
Composition by Subsector(1)
as of October 31, 2018
| | | | |
| Subsector | | Percentage of
Net Assets | |
Equity Securities | |
Biotechnology | | | 23.2 | % |
Food & Staples Retailing | | | 0.6 | |
Health Care Equipment & Supplies | | | 21.4 | |
Health Care Providers & Services | | | 19.7 | |
Health Care Technology | | | 2.8 | |
Life Sciences Tools & Services | | | 4.1 | |
Pharmaceuticals | | | 24.0 | |
| | | | |
Total | | | 95.8 | % |
| | | | |
Short-Term Investments | | | 5.3 | |
Other Assets & Liabilities | | | (1.1 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These subsector classifications are used for financial reporting purposes. |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 12/31/1997 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 3.63% | | | | 10.46% | | | | 13.53% | |
Class A2 | | | -2.07% | | | | 9.22% | | | | 12.89% | |
Class C1 | | | 2.84% | | | | 9.66% | | | | 12.73% | |
Class C2 | | | 1.87% | | | | 9.66% | | | | 12.73% | |
Class I1 | | | 3.91% | | | | 10.72% | | | | 13.82% | |
Class R31 | | | 3.23% | | | | 10.10% | | | | 13.25% | |
Class R41 | | | 3.57% | | | | 10.44% | | | | 13.58% | |
Class R51 | | | 3.89% | | | | 10.77% | | | | 13.90% | |
Class R61 | | | 3.97% | | | | 10.89% | | | | 14.02% | |
Class Y1 | | | 3.95% | | | | 10.87% | | | | 14.01% | |
Class F1 | | | 3.97% | | | | 10.76% | | | | 13.84% | |
S&P MidCap 400 Index | | | 1.02% | | | | 8.89% | | | | 14.13% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class I shares commenced operations on 2/27/09. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R3, R4 and R5 shares commenced operations on 5/29/09. Performance prior to that date is that of the Fund’s Class Y shares. Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance for Class F shares prior to 2/28/17 reflects the performance of Class I shares from 2/27/09 through 2/27/17 and Class A shares (excluding sales charges) prior to 2/27/09.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
S&P MidCap 400 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index designed to measure the performance of the mid-cap segment of the market. The index is composed of 400 constituent companies.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.13% | | | | 1.13% | |
Class C | | | 1.87% | | | | 1.87% | |
Class I | | | 0.90% | | | | 0.87% | |
Class R3 | | | 1.47% | | | | 1.47% | |
Class R4 | | | 1.17% | | | | 1.17% | |
Class R5 | | | 0.86% | | | | 0.86% | |
Class R6 | | | 0.76% | | | | 0.76% | |
Class Y | | | 0.77% | | | | 0.77% | |
Class F | | | 0.75% | | | | 0.75% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursements. Net expenses reflect such arrangements only with respect to Class I. This arrangement remains in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Philip W. Ruedi, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Mark A. Whitaker, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford MidCap Fund returned 3.63%, before sales charge, for the twelve-month period ended October 31, 2018, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned 1.02% for the same period. For the same period, the Class A shares of the Fund underperformed the 6.24% average return of the Lipper MidCap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve month period ending October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October 2018. Concerns surrounding slowing global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.
Within the S&P MidCap 400 Index, six of the eleven sectors posted positive returns during the period. The Healthcare (+19%), Energy (+15%), and Consumer Staples (+7%) sectors performed best while Materials (-10%), Financials (-4%), and Industrials (-4%) lagged.
The Fund outperformed the S&P MidCap 400 Index during the period primarily as a result of strong sector allocation, a result of our bottom up
stock selection process. This was primarily due to an overweight allocation to the Healthcare sector and an underweight to the Materials sector. This was partially offset by an underweight to the Consumer Staples sector, which detracted from performance. Stock selection also contributed positively to benchmark-relative returns with strong selection in Industrials, Information Technology, and Financials. This was partially offset by negative stock selection in Healthcare and Energy, which detracted from performance.
Top relative contributors to performance included Sage Therapeutics (Healthcare), Neurocrine Biosciences (Healthcare), and Verisign (Information Technology). The leading contributor to performance relative to the benchmark was Sage Therapeutics, a U.S.-based biotech company focused on diseases of the central nervous system. The stock price of the company rose throughout the year after the company announced successful test results for drugs treating postpartum depression and Major Depressive Disorder. The share price of Neurocrine Biosciences, a U.S.-based biopharmaceutical company which makes Ingrezza, a drug that treats tardive dyskinesia, a side-effect of long term opioid use, also performed well as it reported strong revenue growth during the period. Verisign, a U.S.-based internet domain registry company, saw its stock price rise after it reported strong financial results for the year as the company continued to see growing demand for .com and .net address registration. Wex Inc. (Information Technology) was also a top absolute contributor to returns during the period.
Top relative detractors included TESARO (Healthcare), Newfield Exploration (Energy), and not holding Abiomed (Healthcare). TESARO, a U.S.-based pharmaceutical company with a focus on drug development for cancer treatment, was the top relative detractor for the period. Share prices fell due to competitive pressures from a similar class of oncology drugs, which challenged its market leadership in that segment. The stock price of Newfield Exploration, a U.S.-based independent energy company, was impacted by the fact that oil prices had declined since June. We believe the company should benefit from its STACK shale play in Oklahoma. Abiomed is a U.S.-based manufacturer of medical implant devices. Share prices rose during the period as the company has continued to observe positive results for its flagship medical implant devices which assist the heart in pumping, or replacing the heart’s functions temporarily during surgery or acute heart failure. Not owning this benchmark-constituent detracted from relative returns. Blackbaud (Information Technology) was also a top absolute detractor from returns during the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
Fund Overview – (continued)
October 31, 2018 (Unaudited)
What is the outlook?
We believe the U.S. economy remained on a solid footing as of the end of the period. A number of issues, including international trade, the ongoing Special Counsel investigation headed by Robert Mueller, and gridlock in Washington may cause an increase in market volatility. At the end of the period, the Fund was most overweight Information Technology, Healthcare, and Industrials, and most underweight Real Estate, Consumer Discretionary, and Materials equities relative to the benchmark.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Mid-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 2.7 | % |
Consumer Discretionary | | | 6.6 | |
Energy | | | 4.0 | |
Financials | | | 14.8 | |
Health Care | | | 19.3 | |
Industrials | | | 18.5 | |
Information Technology | | | 27.7 | |
Materials | | | 2.7 | |
Real Estate | | | 1.3 | |
Utilities | | | 2.4 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
Short-Term Investments | | | 0.3 | |
Other Assets & Liabilities | | | (0.3 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford MidCap Value Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 4/30/2001 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -4.56% | | | | 5.62% | | | | 12.93% | |
Class A2 | | | -9.81% | | | | 4.43% | | | | 12.29% | |
Class C1 | | | -5.26% | | | | 4.85% | | | | 12.10% | |
Class C2 | | | -6.18% | | | | 4.85% | | | | 12.10% | |
Class I1 | | | -4.27% | | | | 5.91% | | | | 13.23% | |
Class R31 | | | -4.84% | | | | 5.32% | | | | 12.76% | |
Class R41 | | | -4.52% | | | | 5.66% | | | | 13.05% | |
Class R51 | | | -4.32% | | | | 5.97% | | | | 13.33% | |
Class Y1 | | | -4.23% | | | | 6.05% | | | | 13.41% | |
Class F1 | | | -4.18% | | | | 5.99% | | | | 13.27% | |
Russell 2500 Value Index | | | 0.27% | | | | 7.17% | | | | 12.11% | |
Russell MidCap Value Index | | | 0.16% | | | | 8.11% | | | | 13.35% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class I shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R3, R4 and R5 shares commenced operations on 5/28/10. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance for Class F shares prior to 2/28/17 reflects the performance of Class I shares from 5/28/10 through 2/27/17 and Class A shares (excluding sales charges) prior to 5/28/10.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Russell 2500 Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500 Index measures the performance of the 2,500 smallest U.S. companies based on their market capitalization and current index membership.
Russell MidCap Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell MidCap Index companies with lower price-to-book ratios and lower forecasted growth values.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.24% | | | | 1.24% | |
Class C | | | 1.99% | | | | 1.99% | |
Class I | | | 0.99% | | | | 0.99% | |
Class R3 | | | 1.52% | | | | 1.52% | |
Class R4 | | | 1.22% | | | | 1.22% | |
Class R5 | | | 0.91% | | | | 0.91% | |
Class Y | | | 0.83% | | | | 0.83% | |
Class F | | | 0.80% | | | | 0.80% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford MidCap Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
James N. Mordy*
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Gregory J. Garabedian
Managing Director and Equity Research Analyst
Wellington Management Company LLP
* Mr. Mordy has announced his plan to retire and withdraw from the partnership of Wellington Management Group LLP, the ultimate holding company of Wellington Management Company LLP, as of December 31, 2018. Accordingly, he will no longer serve as a portfolio manager to the Fund as of December 31, 2018.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford MidCap Value Fund returned -4.56%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmarks, the Russell 2500 Value Index and the Russell MidCap Value Index, which returned 0.27% and 0.16%, respectively, for the same period. For the same period, the Class A shares of the Fund also underperformed the 0.49% average return of the Lipper Mid-Cap Core Fund peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ended October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump. Entering 2018, bullish sentiment was exceptionally strong; as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing global growth, rich valuations, and volatile U.S. and China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period; large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 and Russell 2000 Index, respectively. Returns within the mid cap space varied by style, as the Russell Midcap Growth Index outperformed the Russell Midcap Value Index.
Five of the eleven sectors in the Russell 2500 Value Index gained during the period, with Healthcare (+12%), Energy (+6%), and Utilities (+5%)
performing the best, while Materials (-6%), Industrials (-6%), and Information Technology (-2%) lagged during the period.
The Fund’s underperformance relative to the Russell 2500 Value Index over the twelve-month period was driven primarily by weak security selection within Consumer Discretionary, Energy, and Financials sectors, which was partially offset by strong stock selection within Real Estate, Information Technology, and Utilities sectors. Sector allocation, a result of the bottom up stock selection process, also weighed on benchmark-relative returns, in part due to overweights to the Materials and Industrials sectors and an underweight to the Consumer Discretionary sector. An underweight allocation to the Real Estate sector proved favorable, as did an underweight to the Financials sector, which contributed to performance relative to the Russell 2500 Value Index.
Top absolute and relative detractors from benchmark returns included Newfield Exploration (Energy), Arrow Electronics (Information Technology), and JELD-WEN (Industrials). Shares of Newfield Exploration suffered early in the period from what we think were investor misperceptions regarding the company’s STACK resource base in the Anadarko Basin, despite Newfield actually demonstrating solid improvements in their results. Arrow Electronics underperformed despite strong underlying fundamentals in the business broadly, as the market singled in on some weakness in the enterprise computing solutions segment. JELD-WEN fell during the period on cost pressure and product mix issues that resulted in a reduced guidance range. We continued to hold all three names at the end of the period.
Top contributors to returns relative to the Russell 2500 Value Index included XL Group (Financials), Jardine Lloyd Thompson (Financials), and Microsemi (Information Technology), all three of which received acquisition offers for significant premiums. AXA announced its intent to acquire XL Group, a P&C commercial insurer and reinsurer, for 1.5X book value, causing the stock price to increase. Jardine Lloyd Thompson (JLT), the 5th largest global insurance broker, received an attractive acquisition offer from Marsh & McLennan (a 34% premium or 27x 2019 estimated earnings) and shares rose on the news. We believe this transaction validates JLT’s focus on expanding its specialty business and improving profitability in its United States and United Kingdom divisions. Microchip’s offer represented a 33% premium to Microsemi’s unadjusted share price, resulting in a significant boost in Microsemi’s share price.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
|
| The Hartford MidCap Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
What is the outlook?
As of the end of the period, U.S. gross domestic product continued to diverge from other major economies as earnings were significantly outpacing with and without the benefit of reduced taxes. Interestingly, while the current U.S. economic recovery is one of the longest in history, it also happens to be the slowest. This phenomenon alone could conceivably allow for a continuation of what many believe is an extended U.S. economic cycle. That said, while most economic indicators signaled a continued U.S. expansion (a positive manufacturing Institute for Supply Management (ISM) rating, healthy employment levels, strong credit performance and solid housing market fundamentals), there were certainly some metrics that warranted increased caution (increasing inflation driven by a tight labor market, flattening yield curve and economic deceleration in China). We generally believe the benefits of fiscal stimulus should continue to outweigh any negative impacts from tariffs or monetary tightening; however, a decoupled U.S. market in comparison to the rest of the world is unlikely sustainable over a long period of time (for example, U.S. Purchasing Managers’ Indices (PMI’s) can remain positive for only so long while Chinese freight indices continue to decelerate). While the ultimate goal of the Trump administration appears to be persuading China and the EU to address what it perceives as unfair trade practices, it continues to be quite difficult to judge how far each side is willing to let the tariff battle escalate and what impact the resulting uncertainty might have on business and consumer confidence.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Mid-cap securities can have greater risks and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 2.0 | % |
Consumer Discretionary | | | 3.6 | |
Consumer Staples | | | 3.3 | |
Energy | | | 7.4 | |
Financials | | | 20.8 | |
Health Care | | | 3.8 | |
Industrials | | | 15.3 | |
Information Technology | | | 14.1 | |
Materials | | | 9.5 | |
Real Estate | | | 12.6 | |
Utilities | | | 5.8 | |
| | | | |
Total | | | 98.2 | % |
| | | | |
Short-Term Investments | | | 3.1 | |
Other Assets & Liabilities | | | (1.3 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Quality Value Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 1/02/1996 (formerly, The Hartford Value Opportunities Fund) Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 2.25% | | | | 6.58% | | | | 12.39% | |
Class A2 | | | -3.37% | | | | 5.38% | | | | 11.75% | |
Class C1 | | | 1.53% | | | | 5.81% | | | | 11.55% | |
Class C2 | | | 0.56% | | | | 5.81% | | | | 11.55% | |
Class I1 | | | 2.60% | | | | 6.94% | | | | 12.71% | |
Class R31 | | | 2.03% | | | | 6.27% | | | | 12.09% | |
Class R41 | | | 2.29% | | | | 6.62% | | | | 12.43% | |
Class R51 | | | 2.57% | | | | 6.92% | | | | 12.76% | |
Class R61 | | | 2.75% | | | | 7.03% | | | | 12.82% | |
Class Y1 | | | 2.65% | | | | 7.01% | | | | 12.81% | |
Class F1 | | | 2.71% | | | | 6.97% | | | | 12.73% | |
Russell 1000 Value Index | | | 3.03% | | | | 8.61% | | | | 11.30% | |
Russell 3000 Value Index | | | 2.78% | | | | 8.50% | | | | 11.27% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude
investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
The returns include the Fund’s performance when it pursued a different investment objective and principal investment strategy prior to November 1, 2017.
Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 2/28/18. Performance prior to that date is that of the Fund’s Class Y shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
Russell 3000 Value Index (reflects no deduction for fees, expenses or taxes) measures the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Effective November 1, 2017, the Russell 3000 Value Index no longer is one of the Fund’s benchmarks. The investment manager, Hartford Funds Management Company, LLC, believes that the Russell 1000 Value Index better reflects the Fund’s revised investment strategy.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
|
| Hartford Quality Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.09% | | | | 1.05% | |
Class C | | | 1.83% | | | | 1.80% | |
Class I | | | 0.77% | | | | 0.77% | |
Class R3 | | | 1.37% | | | | 1.35% | |
Class R4 | | | 1.06% | | | | 1.05% | |
Class R5 | | | 0.77% | | | | 0.75% | |
Class R6 | | | 0.65% | | | | 0.65% | |
Class Y | | | 0.71% | | | | 0.70% | |
Class F | | | 0.65% | | | | 0.65% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such |
| | arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. In addition, effective 9/1/18, Hartford Funds Management Company, LLC has contractually agreed to reimburse expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual fund operating expenses for the Fund as follows: 0.96% (Class A), 1.71% (Class C), 0.66% (Class I), 1.18%, (Class R3), 0.88% (Class R4), 0.63% (Class R5), 0.46% (Class R6), 0.57% (Class Y) and 0.46% (Class F). This contractual arrangement will remain in effect until 2/29/20 unless the Fund’s Board of Directors approves its earlier termination. This expense reimbursement arrangement is not reflected in the Operating Expenses chart. |
Portfolio Manager
Matthew G. Baker
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Quality Value Fund returned 2.25%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned 3.03% for the same period. For the same period, the Class A shares of the Fund also underperformed the 3.74% average return of the Lipper Large Cap Value Fund peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve month period ending October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October 2018. Concerns surrounding slowing global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on investor confidence into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, measured by the S&P 500 Index, outperformed mid- and small-cap
equities, measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Eight out of eleven sectors in the Russell 1000 Value Index rose during the period, with Healthcare (+14%), Communication Services (+9%), and Information Technology (+9%) sectors performing the best. Materials (-10%) and Industrials (-8%) sectors lagged on the broader index during the period.
Sector allocation, a result of the Fund’s bottom-up stock selection process, detracted from performance relative to the Russell 1000 Value Index during the period, due to an underweight to the Communication Services sector and an overweight to the Materials sector. This was partially offset by the positive impact of an overweight to the Consumer Staples sector. Security selection contributed to benchmark-relative performance during the period, with strong selection in Consumer Discretionary, Industrials, and Materials sectors, which was partially offset by weaker selection within Financials, Healthcare, and Consumer Staples sectors, which detracted performance.
The top detractors from performance relative to the Russell 1000 Value Index were Pfizer (Healthcare), IBM (Information Technology), and Coty (Consumer Discretionary). Share prices of Pfizer, a U.S.-based biopharmaceutical company, rose as the company reported increased revenue growth which was driven by ongoing strength within their key brands (Eliquis, Xeljanz, Ibrance, Prevnar, and Xtandi). Not holding this stock detracted from relative performance. IBM, a U.S.-based information technology products and services provider, saw its share price fall after reporting decreased revenue growth with a decline in high margin software revenue. The stock price of Coty, a U.S.-based consumer beauty and cosmetic company, fell following negative earnings results with revenues slipping as their turnaround strategy continued to struggle. As such, we eliminated the Fund’s position in Coty in favor of other companies with greater return potential, in our opinion. American International Group (Financials) and Bristol-Myers Squibb (Healthcare) were among the top absolute detractors from performance during the period.
|
| Hartford Quality Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
The largest contributors to relative performance were General Electric (Industrials), XL Group (Financials), and Hess (Energy). The stock price of General Electric, a U.S.-based multinational conglomerate operating in the technology infrastructure, capital finance, and consumer and industrial products industries, fell as the company reported earnings results that were weaker than consensus estimates, primarily driven by another miss in their Power Segment. Not holding this stock contributed positively to relative performance. Share prices of XL Group, a U.S.-based global insurance and reinsurance company, rose during the period following news that AXA would acquire the company. We eliminated the Fund’s position in XL Group during the period. The stock price of Hess, a U.S.-based oil exploration and production company, rose after the company announced strong cash flow generation and production, coupled with lower capital spending. Merck (Healthcare), Verizon (Communication Services), and Cisco Systems (Information Technology) were top absolute contributors to performance during the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
We expect the U.S. economy to continue posting strong growth for the remainder of the year. The housing and labor markets remain healthy, with a low rate of unemployment, growing wage gains, and stable housing prices. We believe this should lead to continued tightening by the Fed in the form of interest rate increases. One wildcard however, that will likely dictate the pace of tightening, is growth outside of the U.S., which has been sluggish and may slow the pace of rate increases.
With stock valuations high and many sectors expensive in our view, we have been increasingly seeking equities with moderate valuations and defensive characteristics. At the end of the period, the Fund was most overweight Information Technology, Financials, and Materials sectors and most underweight Communication Services, Utilities, and Real Estate sectors, relative to the benchmark.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 5.1 | % |
Consumer Discretionary | | | 4.7 | |
Consumer Staples | | | 7.7 | |
Energy | | | 11.1 | |
Financials | | | 24.4 | |
Health Care | | | 13.7 | |
Industrials | | | 8.3 | |
Information Technology | | | 11.1 | |
Materials | | | 5.0 | |
Real Estate | | | 3.1 | |
Utilities | | | 4.2 | |
| | | | |
Total | | | 98.4 | % |
| | | | |
Short-Term Investments | | | 1.8 | |
Other Assets & Liabilities | | | (0.2 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Small Cap Core Fund* |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 1/01/2005 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
| * | Effective 11/1/18, the Fund changed its name (now known as Hartford Small Cap Value Fund), principal investment strategy, portfolio manager and benchmark. The information in this report is as of 10/31/18 and therefore, does not reflect any of these changes. For more information, please see the Fund’s most recent prospectus. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 1.00% | | | | 6.03% | | | | 12.76% | |
Class A2 | | | -4.55% | | | | 4.84% | | | | 12.12% | |
Class C1 | | | 0.27% | | | | 5.25% | | | | 11.93% | |
Class C2 | | | -0.68% | | | | 5.25% | | | | 11.93% | |
Class I1 | | | 1.33% | | | | 6.27% | | | | 12.88% | |
Class R31 | | | 0.82% | | | | 5.80% | | | | 12.71% | |
Class R41 | | | 1.07% | | | | 6.12% | | | | 12.94% | |
Class R51 | | | 1.39% | | | | 6.43% | | | | 13.19% | |
Class R61 | | | 1.42% | | | | 6.50% | | | | 13.21% | |
Class Y1 | | | 1.42% | | | | 6.50% | | | | 13.21% | |
Class F1 | | | 1.42% | | | | 6.30% | | | | 12.90% | |
Russell 2000 Index | | | 1.85% | | | | 8.01% | | | | 12.44% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R3, R4 and R5 shares commenced operations on 9/30/11. Performance prior to that date is that of the Fund’s Class Y shares. Class I shares commenced operations on 03/31/15. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class F shares commenced operations on 2/28/17. Performance for Class F shares prior to 2/28/17 reflects the performance of Class I shares from 3/31/15 through 2/27/17 and Class A shares (excluding sales charges) prior to 3/31/15. Class R6 shares commenced operations on 2/28/18. Performance prior to that date is that of the Fund’s Class Y shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Performance information includes the Fund’s performance when it invested, prior to 2/1/10, at least 80% of its assets in common stocks of mid-capitalization companies and prior to 7/10/15, at least 80% of its assets in common stocks of small-capitalization and mid-capitalization companies.
Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 6/4/12, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.
Russell 2000 Index (reflects no deduction for fees, expenses or taxes) is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
|
| Hartford Small Cap Core Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.34% | | | | 1.30% | |
Class C | | | 2.11% | | | | 2.05% | |
Class I | | | 1.00% | | | | 1.00% | |
Class R3 | | | 1.59% | | | | 1.50% | |
Class R4 | | | 1.29% | | | | 1.20% | |
Class R5 | | | 0.99% | | | | 0.90% | |
Class R6 | | | 0.87% | | | | 0.85% | |
Class Y | | | 0.87% | | | | 0.85% | |
Class F | | | 0.87% | | | | 0.85% | |
| * | Expenses as shown in the Fund’s prospectus dated March 1, 2018, as supplemented through October 11, 2018. Net expenses reflect contractual expense reimbursements, if any. The Fund filed a prospectus supplement with the U.S. Securities and Exchange Commission on 11/1/18 that reflected modifications to the Fund’s contractual management fee rate and contractual expense reimbursement |
| | arrangements that were effective 9/1/18. The gross expense ratios shown in the 11/1/18 supplement are as follows, 1.31%, (Class A), 2.08% (Class C), 0.96% (Class I), 1.56% (Class R3), 1.26% (Class R4), 0.96% (Class R5), 0.84% (Class R6), 0.90% (Class Y), and 0.84% (Class F). The net expense ratios shown in the 11/1/18 supplement are as follows, 1.30%, (Class A), 2.05% (Class C), 0.96% (Class I), 1.50% (Class R3), 1.20% (Class R4), 0.90% (Class R5), 0.80% (Class R6), 0.85% (Class Y), and 0.80% (Class F). |
Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/29/20 unless the Fund’s Board of Directors approves an earlier termination. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18.
Portfolio Manager*
David J. Elliott, CFA
Senior Managing Director, Co-Director, Quantitative Investments and Portfolio Manager
Wellington Management Company LLP
| | * | Effective November 1, 2018, the Fund (now known as the Hartford Small Cap Value Fund) changed its name, principal investment strategy, portfolio manager and benchmark. The information in this report is as of October 31, 2018 and therefore, does not reflect any of these changes. For more information, please see the Fund’s most recent prospectus. |
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Small Cap Core Fund returned 1.00%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 2000 Index, which returned 1.85% for the same period. For the same period, the Class A shares of the Fund outperformed the 0.03% average return of the Lipper Small-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ended October 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened US tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump. Entering 2018, bullish sentiment was exceptionally strong; as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing
global growth, rich valuations, and volatile U.S.-China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Five of the eleven sectors in the Russell 2000 Index rose during the period, with Healthcare (+12%), Consumer Staples (+10%), and Consumer Discretionary (+8%) sectors performing the best. Materials (-13%), Energy (-6%), and Industrials (-4%) sectors lagged on a relative basis during the period.
Security selection contributed to performance relative to the Russell 2000 Index during the period due to stronger stock selection in Consumer Staples, Consumer Discretionary, and Energy sectors, which was partially offset by weaker stock selection in the Information Technology, Healthcare, and Industrials sectors. From a sector allocation perspective, a result of our bottom-up quantitative stock selection process, an underweight allocation to Materials and an overweight allocation to Consumer Staples contributed to benchmark-relative performance. This was partially offset by an overweight to Real Estate and underweight to Information Technology sectors, which detracted performance.
The largest detractors from absolute and relative performance to the Russell 2000 Index over the period were Banco Latinoamericano de Comercio Exterior S.A. (Financials), Akebia Therapeutics (Healthcare), and Quad/Graphics Inc. (Industrials). Share prices of Banco Latinoamericano de Comercio Exterior S.A., a specialized multinational bank, declined over the period, as the company reported lower than
|
| Hartford Small Cap Core Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
expected quarterly earnings over multiple quarters. Share prices of Akebia Therapeutics, a U.S.-based biopharmaceutical product manufacturer, fell over the period, most notably after the company announced a new stock offering and it missed earnings estimates. Share prices of Quad/Graphics Inc., a U.S.-based commercial printing company, fell during the period after the company reported weaker than expected quarterly results.
The largest contributors to benchmark-relative performance during the period were Medifast Inc. (Consumer Staples), First BanCorp Puerto Rico (Financials), and Usana Health Sciences (Consumer Staples). Share prices of Medifast Inc. a U.S.-based nutrition and weight loss company, rose during the period as the company reported double digit sales growth over four consecutive quarters. Share prices of First BanCorp, a U.S.-based company providing commercial banking services, rose on positive results over multiple quarters on the back of strong net interest income and lower than expected expenses. Share prices of Usana Health Sciences, a Utah-based multi-level marketing company that produces various nutritional products, dietary supplements and skincare products, rose during the period after reporting better than expected quarter earnings results. Deckers Outdoor (Consumer Discretionary) contributed positively to absolute returns over the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
At the end of the period the Fund was most overweight the Healthcare, Communication Services, and Consumer Discretionary sectors and most underweight the Financials, Utilities, and Information Technology sectors relative to the Russell 2000 Index.
As we look forward, we expect growth and inflation to remain above recent trends in 2018, but as we look forward to 2019 and 2020, we expect a deceleration in that growth as the economy digests higher interest rates and unemployment at the lowest levels since 1969. The impact of protectionism remains a wild card.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 5.3 | % |
Consumer Discretionary | | | 13.6 | |
Consumer Staples | | | 4.1 | |
Energy | | | 4.4 | |
Financials | | | 15.1 | |
Health Care | | | 17.7 | |
Industrials | | | 14.3 | |
Information Technology | | | 14.4 | |
Materials | | | 3.3 | |
Real Estate | | | 5.6 | |
Utilities | | | 1.2 | |
| | | | |
Total | | | 99.0 | % |
| | | | |
Short-Term Investments | | | 6.3 | |
Other Assets & Liabilities | | | (5.3 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Small Cap Growth Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 1/04/1988 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 1.20% | | | | 8.29% | | | | 14.48% | |
Class A2 | | | -4.36% | | | | 7.07% | | | | 13.84% | |
Class C1 | | | 0.53% | | | | 7.54% | | | | 13.66% | |
Class C2 | | | -0.42% | | | | 7.54% | | | | 13.66% | |
Class I1 | | | 1.59% | | | | 8.61% | | | | 14.78% | |
Class R31 | | | 0.94% | | | | 8.00% | | | | 14.18% | |
Class R41 | | | 1.26% | | | | 8.34% | | | | 14.52% | |
Class R51 | | | 1.56% | | | | 8.67% | | | | 14.86% | |
Class R61 | | | 1.66% | | | | 8.75% | | | | 14.94% | |
Class Y1 | | | 1.63% | | | | 8.76% | | | | 14.95% | |
Class F1 | | | 1.66% | | | | 8.66% | | | | 14.81% | |
Russell 2000 Growth Index | | | 4.13% | | | | 8.75% | | | | 13.89% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Performance information includes performance under the Fund’s previous additional sub-adviser, Hartford Investment Management Company. As of 7/21/10, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.
Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is an index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
Effective 3/6/15, the Fund was closed to new investors until further notice. For more information, please see the Fund’s prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.26% | | | | 1.26% | |
Class C | | | 1.92% | | | | 1.92% | |
Class I | | | 0.86% | | | | 0.86% | |
Class R3 | | | 1.49% | | | | 1.49% | |
Class R4 | | | 1.18% | | | | 1.18% | |
Class R5 | | | 0.87% | | | | 0.87% | |
Class R6 | | | 0.77% | | | | 0.77% | |
Class Y | | | 0.79% | | | | 0.79% | |
Class F | | | 0.77% | | | | 0.77% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross and Net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Small Cap Growth Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Mammen Chally, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
David A. Siegle, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Douglas W. McLane, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Small Cap Growth Fund returned 1.20%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 4.13%. For the same period, the Class A shares of the Fund underperformed the average return of the Lipper Small-Cap Growth Funds peer group 9.84%, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities, measured by the S&P 500 Index, rose for the twelve-month period ended October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong; as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing global growth, rich valuations, and volatile U.S. and China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index outperformed mid-cap and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Five out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Consumer Staples (+21%), Healthcare (+12%), and Information Technology (+9%) sectors increased the most while Energy (-18%),
Materials (-15%), and Industrials (-6%), lagged the Russell 2000 Growth Index.
Security selection was the primary driver of underperformance relative to the Russell 2000 Growth Index. Weak selection in Healthcare, Materials, and Consumer Staples sectors detracted negatively from relative performance, slightly offset by strong selection in Information Technology and Energy sectors. Sector allocation, a result of the bottom up stock selection, contributed positively to relative performance primarily driven by the Fund’s underweight allocation to Materials and overweight in Information Technology.
The top relative detractors included Nektar Therapeutics (Healthcare), FivePrime Therapeutics (Healthcare), and Floor & Décor (Consumer Discretionary). Shares of Nektar Therapeutics, a biotechnology company, fell during the period as optimism decreased about the effectiveness of its leading cancer drug NKTR-214. Shares of FivePrime Therapeutics, a biotechnology company, declined during the period after reporting lackluster results in a clinical trial of the firm’s pancreatic cancer drug. Shares of Floor & Décor, a surface and flooring company, declined during the period over concerns around rising interest rates and slowing housing starts. Top absolute detractors for the period included JELD-WEN Holdings (Industrials), and FivePrime Therapeutics (Healthcare).
The top relative contributors to performance were Wingstop (Consumer Discretionary), MongoDB (Information Technology), and Etsy (Consumer Discretionary). Shares of Wingstop, an owner and operator of restaurants and franchises, rose on the back of high same-store sales growth, and optimism about the companies roll out of delivery services in 2019. Shares of MongoDB, a database platform company, rose because of strong subscription growth and continued traction in their cloud-hosted database offering. Shares of Etsy, an e-commerce company, rose during the period on the back of strong sales and revenue growth. The company also raised its revenue guidance and remains active with their share repurchase program. Top absolute contributors for the period included Etsy (Consumer Discretionary), and Wingstop (Consumer Discretionary).
Derivatives were not used in a significant manner in this Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
While the overall U.S. economy remains relatively healthy, most companies are beginning to see increasing labor and material costs.
|
| The Hartford Small Cap Growth Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
With unemployment levels low and trending lower, we still believe risks to U.S. inflation are to the upside. Many companies are facing the prospect of either absorbing these costs (therefore reducing marginal profitability) or passing the costs through and face the uncertain elasticity that may come from raising prices. Trade continues to dominate the narrative right now. While the initial tariff rate may be offset by some efficiencies and very nominal price increases, the risks remain high given the automatic rise in tariffs next year. We are hopeful that a conversation with China will restart soon. We are becoming cautious about supply chain disruption and capital expenditure uncertainty given the trade talks and potential reciprocal measures that China may impose. We believe that the risk of a spike in oil prices is rising each day as Iran is being blocked out of international markets. Offsetting some of these risks is the employment situation and changes to the Childcare tax and current withholdings that could be a positive surprise for many Americans tax refund next cycle. Given all of the above and, considering the market moves so far relative to earnings, the risk for increased volatility remains high in our view.
Overall, we believe the U.S. economy remains healthy, and we continue to monitor policy decisions and economic trends that may impact the Fund’s holdings. We remain consistent in adhering to our disciplined portfolio construction process that we believe allows us to assess risk, weight individual positions accordingly, and in the process build a portfolio that focuses largely on stock selection in seeking to generate benchmark relative outperformance.
At the end of the period, the Fund’s largest overweights were to the Information Technology, Healthcare, and Consumer Staples sectors, while the Fund’s largest underweights were to the Communication Services and Consumer Discretionary sectors, relative to the benchmark.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.9 | % |
Consumer Discretionary | | | 13.4 | |
Consumer Staples | | | 3.8 | |
Energy | | | 2.1 | |
Financials | | | 9.5 | |
Health Care | | | 26.9 | |
Industrials | | | 16.3 | |
Information Technology | | | 19.3 | |
Materials | | | 2.8 | |
Real Estate | | | 2.6 | |
| | | | |
Total | | | 98.6 | % |
| | | | |
Short-Term Investments | | | 3.9 | |
Other Assets & Liabilities | | | (2.5 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Small Company Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 7/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 9.20% | | | | 7.19% | | | | 11.70% | |
Class A2 | | | 3.19% | | | | 5.98% | | | | 11.07% | |
Class C1 | | | 8.34% | | | | 6.41% | | | | 10.89% | |
Class C2 | | | 7.34% | | | | 6.41% | | | | 10.89% | |
Class I1 | | | 9.45% | | | | 7.44% | | | | 11.98% | |
Class R31 | | | 8.92% | | | | 6.97% | | | | 11.48% | |
Class R41 | | | 9.25% | | | | 7.30% | | | | 11.83% | |
Class R51 | | | 9.58% | | | | 7.62% | | | | 12.15% | |
Class R61 | | | 9.66% | | | | 7.71% | | | | 12.27% | |
Class Y1 | | | 9.66% | | | | 7.70% | | | | 12.26% | |
Class F1 | | | 9.63% | | | | 7.51% | | | | 12.01% | |
Russell 2000 Growth Index | | | 4.13% | | | | 8.75% | | | | 13.89% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/14. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Performance information includes performance under the Fund’s previous additional sub-adviser, Hartford Investment Management Company. As of 7/21/10, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.
Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is an index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.39% | | | | 1.39% | |
Class C | | | 2.18% | | | | 2.16% | |
Class I | | | 1.13% | | | | 1.13% | |
Class R3 | | | 1.65% | | | | 1.56% | |
Class R4 | | | 1.34% | | | | 1.26% | |
Class R5 | | | 1.05% | | | | 0.96% | |
Class R6 | | | 0.93% | | | | 0.91% | |
Class Y | | | 0.93% | | | | 0.91% | |
Class F | | | 0.93% | | | | 0.91% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended 10/31/18. |
|
| The Hartford Small Company Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Steven C. Angeli, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
John V. Schneider, CFA
Vice President and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Small Company Fund returned 9.20%, before sales charge, for the twelve-month period ended October 31, 2018, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 4.13% for the same period. For the same period, the Class A shares of the Fund also underperformed the 9.84% average return of the Lipper Small Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. equities posted positive results over the trailing twelve-month period ended October 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-months ended October 31, 2018, in line with expectations. Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the market to a series of new highs during the first half of the period. In December 2017, tax reform was a key area of focus, culminating with a $1.5 trillion tax reform bill signed into law by Donald Trump. Entering 2018, bullish sentiment was exceptionally strong; as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February and led to heightened levels of volatility. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted for much of the summer, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This all changed in the final month of the period, as U.S. equities saw their worst performance in recent years in October. Concerns surrounding slowing global growth, rich valuations, and volatile U.S. and China trade relations weighed heavily on sentiment into the end of the period.
Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed mid-cap and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Small cap growth equities outperformed small cap value equities during the period, as measured by the Russell 2000 Growth Index and Russell 2000 Value Index, respectively. Five out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Consumer Staples (+21%), Healthcare (+12%), and Information Technology (+9%) sectors increased the most while Energy (-18%), Materials (-15%), and Industrials (-6%), lagged the Russell 2000 Growth Index.
During the period, security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index. In particular, selection was strongest in the Information Technology and Healthcare sectors, which was offset by weaker selection in the Financials and Industrials sectors, which detracted from performance relative to the Russell 2000 Growth Index. Sector allocation, which is a result of bottom-up stock selection, modestly detracted from relative returns. An underweight to Healthcare detracted most, which was slightly offset by an underweight to Industrials, which contributed to performance during the period.
Top contributors to performance relative to the Russell 2000 Growth Index during the period included Planet Fitness (Consumer Discretionary), The Trade Desk (Information Technology), and Insulet (Healthcare). Shares of Planet Fitness, a large U.S.-based franchisor and operator of fitness centers, rose during the period after it announced revenues and earnings that beat market expectations as it continued to demonstrate strong same store sales and unit growth. Shares of The Trade Desk, a U.S.-based online advertising marketplace, rose as the company increasingly took market share from traditional to digital programmatic advertising. Shares of Insulet, a producer of the Omnipod insulin management system (a tubeless insulin delivery system controlled by a remote device), rose as the emerging growth company reported positive operating income in the third quarter of 2018, its best performance to date.
Top detractors from relative performance during the period included Floor & Décor (Consumer Discretionary), Tower Semiconductor (Information Technology), and Marriott Vacations (Consumer Discretionary). Shares of Floor & Décor, a hard surface flooring company, fell as the company reported disappointing sales and lowered their guidance due to broader concerns over the implications of a slowdown in housing. Shares of Tower Semiconductor, an independent foundry providing semiconductor integrated circuits manufacturing and related design services, fell as they lowered short-term guidance stemming from weakness in their mobile phone chip segment. We eliminated the position to redeploy the proceeds into more attractive opportunities in our view. Shares of Marriott Vacations, a vacation timeshare ownership company, fell over concerns that it may have overpaid for an acquisition that will allow it to expand its geographic coverage.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
|
| The Hartford Small Company Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
What is the outlook?
Despite geopolitical turbulence, we remain constructive on equity markets as global growth prospects remain strong in our view. We believe corporate earnings momentum is strong in certain equities in the Information Technology sector, where the Fund is overweight. The main risks we see to our base case are political in nature and include mounting trade war rhetoric and the potential for tariffs to impact margins and consumer demand. However, most sustained market corrections are correlated with economic recessions, and we do not see any major signs of an imminent economic downturn in the U.S.
The Fund’s sector weights are a product of our bottom-up stock selection based on company specific research. The Fund’s largest overweights at the end of the period were to the Healthcare and Consumer Discretionary sectors while Industrials and Communication Services represented the Fund’s largest underweight exposures.
We continue to compare new opportunities to current holdings using our structured process and upside/downside framework. We remain true to our investment process, specifically our focus on emerging and re-emerging growth businesses, with sustainable growth, superior management, and positive operating momentum.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-cap securities can have greater risks and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 2.5 | % |
Consumer Discretionary | | | 16.3 | |
Consumer Staples | | | 2.3 | |
Energy | | | 2.6 | |
Financials | | | 6.8 | |
Health Care | | | 27.8 | |
Industrials | | | 12.4 | |
Information Technology | | | 17.8 | |
Materials | | | 3.8 | |
Real Estate | | | 2.2 | |
| | | | |
Total | | | 94.5 | % |
| | | | |
Short-Term Investments | | | 8.2 | |
Other Assets & Liabilities | | | (2.7 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Domestic Equity Funds |
Expense Examples (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2018 through October 31, 2018. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.
Actual Expenses
The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During The Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Annualized
expense
ratio | |
The Hartford Capital Appreciation Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,000.00 | | | $ | 5.29 | | | $ | 1,000.00 | | | $ | 1,019.91 | | | $ | 5.35 | | | | 1.05 | % |
Class C | | $ | 1,000.00 | | | $ | 996.60 | | | $ | 9.01 | | | $ | 1,000.00 | | | $ | 1,016.18 | | | $ | 9.10 | | | | 1.79 | % |
Class I | | $ | 1,000.00 | | | $ | 1,001.30 | | | $ | 3.88 | | | $ | 1,000.00 | | | $ | 1,021.32 | | | $ | 3.92 | | | | 0.77 | % |
Class R3 | | $ | 1,000.00 | | | $ | 998.30 | | | $ | 7.05 | | | $ | 1,000.00 | | | $ | 1,018.15 | | | $ | 7.12 | | | | 1.40 | % |
Class R4 | | $ | 1,000.00 | | | $ | 999.80 | | | $ | 5.49 | | | $ | 1,000.00 | | | $ | 1,019.71 | | | $ | 5.55 | | | | 1.09 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,001.10 | | | $ | 3.98 | | | $ | 1,000.00 | | | $ | 1,021.22 | | | $ | 4.02 | | | | 0.79 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,001.80 | | | $ | 3.48 | | | $ | 1,000.00 | | | $ | 1,021.73 | | | $ | 3.52 | | | | 0.69 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,001.80 | | | $ | 3.53 | | | $ | 1,000.00 | | | $ | 1,021.68 | | | $ | 3.57 | | | | 0.70 | % |
Class F | | $ | 1,000.00 | | | $ | 1,001.80 | | | $ | 3.48 | | | $ | 1,000.00 | | | $ | 1,021.73 | | | $ | 3.52 | | | | 0.69 | % |
|
Hartford Core Equity Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,031.50 | | | $ | 3.79 | | | $ | 1,000.00 | | | $ | 1,021.48 | | | $ | 3.77 | | | | 0.74 | % |
Class C | | $ | 1,000.00 | | | $ | 1,028.00 | | | $ | 7.57 | | | $ | 1,000.00 | | | $ | 1,017.75 | | | $ | 7.53 | | | | 1.48 | % |
Class I | | $ | 1,000.00 | | | $ | 1,033.10 | | | $ | 2.41 | | | $ | 1,000.00 | | | $ | 1,022.84 | | | $ | 2.40 | | | | 0.47 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,029.70 | | | $ | 5.63 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.60 | | | | 1.10 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,031.20 | | | $ | 3.89 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.87 | | | | 0.76 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,032.90 | | | $ | 2.51 | | | $ | 1,000.00 | | | $ | 1,022.74 | | | $ | 2.50 | | | | 0.49 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,033.40 | | | $ | 2.00 | | | $ | 1,000.00 | | | $ | 1,023.24 | | | $ | 1.99 | | | | 0.39 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,033.40 | | | $ | 2.15 | | | $ | 1,000.00 | | | $ | 1,023.09 | | | $ | 2.14 | | | | 0.42 | % |
Class F | | $ | 1,000.00 | | | $ | 1,033.40 | | | $ | 2.00 | | | $ | 1,000.00 | | | $ | 1,023.24 | | | $ | 1.99 | | | | 0.39 | % |
|
| Hartford Domestic Equity Funds |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Annualized
expense
ratio | |
|
The Hartford Dividend and Growth Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,021.20 | | | $ | 5.04 | | | $ | 1,000.00 | | | $ | 1,020.22 | | | $ | 5.04 | | | | 0.99 | % |
Class C | | $ | 1,000.00 | | | $ | 1,017.20 | | | $ | 8.90 | | | $ | 1,000.00 | | | $ | 1,016.38 | | | $ | 8.89 | | | | 1.75 | % |
Class I | | $ | 1,000.00 | | | $ | 1,022.30 | | | $ | 3.72 | | | $ | 1,000.00 | | | $ | 1,021.53 | | | $ | 3.72 | | | | 0.73 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,019.50 | | | $ | 6.87 | | | $ | 1,000.00 | | | $ | 1,018.40 | | | $ | 6.87 | | | | 1.35 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,020.50 | | | $ | 5.30 | | | $ | 1,000.00 | | | $ | 1,019.96 | | | $ | 5.30 | | | | 1.04 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,022.30 | | | $ | 3.77 | | | $ | 1,000.00 | | | $ | 1,021.48 | | | $ | 3.77 | | | | 0.74 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,022.80 | | | $ | 3.26 | | | $ | 1,000.00 | | | $ | 1,021.98 | | | $ | 3.26 | | | | 0.64 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,022.70 | | | $ | 3.47 | | | $ | 1,000.00 | | | $ | 1,021.78 | | | $ | 3.47 | | | | 0.68 | % |
Class F | | $ | 1,000.00 | | | $ | 1,023.10 | | | $ | 3.26 | | | $ | 1,000.00 | | | $ | 1,021.98 | | | $ | 3.26 | | | | 0.64 | % |
|
The Hartford Equity Income Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,002.50 | | | $ | 5.00 | | | $ | 1,000.00 | | | $ | 1,020.22 | | | $ | 5.04 | | | | 0.99 | % |
Class C | | $ | 1,000.00 | | | $ | 999.10 | | | $ | 8.82 | | | $ | 1,000.00 | | | $ | 1,016.38 | | | $ | 8.89 | | | | 1.75 | % |
Class I | | $ | 1,000.00 | | | $ | 1,003.80 | | | $ | 3.74 | | | $ | 1,000.00 | | | $ | 1,021.48 | | | $ | 3.77 | | | | 0.74 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,000.60 | | | $ | 6.86 | | | $ | 1,000.00 | | | $ | 1,018.35 | | | $ | 6.92 | | | | 1.36 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,002.10 | | | $ | 5.35 | | | $ | 1,000.00 | | | $ | 1,019.86 | | | $ | 5.40 | | | | 1.06 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,004.20 | | | $ | 3.84 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.87 | | | | 0.76 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,004.20 | | | $ | 3.33 | | | $ | 1,000.00 | | | $ | 1,021.88 | | | $ | 3.36 | | | | 0.66 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,004.00 | | | $ | 3.54 | | | $ | 1,000.00 | | | $ | 1,021.68 | | | $ | 3.57 | | | | 0.70 | % |
Class F | | $ | 1,000.00 | | | $ | 1,004.30 | | | $ | 3.28 | | | $ | 1,000.00 | | | $ | 1,021.93 | | | $ | 3.31 | | | | 0.65 | % |
|
The Hartford Growth Opportunities Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,027.80 | | | $ | 5.62 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.60 | | | | 1.10 | % |
Class C | | $ | 1,000.00 | | | $ | 1,023.70 | | | $ | 9.44 | | | $ | 1,000.00 | | | $ | 1,015.88 | | | $ | 9.40 | | | | 1.85 | % |
Class I | | $ | 1,000.00 | | | $ | 1,029.20 | | | $ | 4.25 | | | $ | 1,000.00 | | | $ | 1,021.02 | | | $ | 4.23 | | | | 0.83 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,026.10 | | | $ | 7.46 | | | $ | 1,000.00 | | | $ | 1,017.85 | | | $ | 7.43 | | | | 1.46 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,027.60 | | | $ | 5.88 | | | $ | 1,000.00 | | | $ | 1,019.41 | | | $ | 5.85 | | | | 1.15 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,029.20 | | | $ | 4.40 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,029.80 | | | $ | 3.84 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,029.60 | | | $ | 4.04 | | | $ | 1,000.00 | | | $ | 1,021.22 | | | $ | 4.02 | | | | 0.79 | % |
Class F | | $ | 1,000.00 | | | $ | 1,029.60 | | | $ | 3.84 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
|
The Hartford Healthcare Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,017.20 | | | $ | 6.46 | | | $ | 1,000.00 | | | $ | 1,018.80 | | | $ | 6.46 | | | | 1.27 | % |
Class C | | $ | 1,000.00 | | | $ | 1,013.40 | | | $ | 10.20 | | | $ | 1,000.00 | | | $ | 1,015.07 | | | $ | 10.21 | | | | 2.01 | % |
Class I | | $ | 1,000.00 | | | $ | 1,018.60 | | | $ | 5.04 | | | $ | 1,000.00 | | | $ | 1,020.22 | | | $ | 5.04 | | | | 0.99 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,015.50 | | | $ | 8.13 | | | $ | 1,000.00 | | | $ | 1,017.14 | | | $ | 8.13 | | | | 1.60 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,017.00 | | | $ | 6.61 | | | $ | 1,000.00 | | | $ | 1,018.65 | | | $ | 6.61 | | | | 1.30 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,018.60 | | | $ | 5.14 | | | $ | 1,000.00 | | | $ | 1,020.11 | | | $ | 5.14 | | | | 1.01 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,018.90 | | | $ | 4.68 | | | $ | 1,000.00 | | | $ | 1,020.57 | | | $ | 4.69 | | | | 0.92 | % |
Class F | | $ | 1,000.00 | | | $ | 1,018.90 | | | $ | 4.53 | | | $ | 1,000.00 | | | $ | 1,020.72 | | | $ | 4.53 | | | | 0.89 | % |
|
The Hartford MidCap Fund | |
Class A | | $ | 1,000.00 | | | $ | 970.30 | | | $ | 5.46 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.60 | | | | 1.10 | % |
Class C | | $ | 1,000.00 | | | $ | 966.50 | | | $ | 9.17 | | | $ | 1,000.00 | | | $ | 1,015.88 | | | $ | 9.40 | | | | 1.85 | % |
Class I | | $ | 1,000.00 | | | $ | 971.40 | | | $ | 4.07 | | | $ | 1,000.00 | | | $ | 1,021.07 | | | $ | 4.18 | | | | 0.82 | % |
Class R3 | | $ | 1,000.00 | | | $ | 968.60 | | | $ | 7.24 | | | $ | 1,000.00 | | | $ | 1,017.85 | | | $ | 7.43 | | | | 1.46 | % |
Class R4 | | $ | 1,000.00 | | | $ | 970.00 | | | $ | 5.71 | | | $ | 1,000.00 | | | $ | 1,019.41 | | | $ | 5.85 | | | | 1.15 | % |
Class R5 | | $ | 1,000.00 | | | $ | 971.60 | | | $ | 4.22 | | | $ | 1,000.00 | | | $ | 1,020.92 | | | $ | 4.33 | | | | 0.85 | % |
Class R6 | | $ | 1,000.00 | | | $ | 971.80 | | | $ | 3.73 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
Class Y | | $ | 1,000.00 | | | $ | 971.60 | | | $ | 3.88 | | | $ | 1,000.00 | | | $ | 1,021.27 | | | $ | 3.97 | | | | 0.78 | % |
Class F | | $ | 1,000.00 | | | $ | 971.80 | | | $ | 3.73 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
|
| Hartford Domestic Equity Funds |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Annualized
expense
ratio | |
|
The Hartford MidCap Value Fund | |
Class A | | $ | 1,000.00 | | | $ | 946.60 | | | $ | 5.99 | | | $ | 1,000.00 | | | $ | 1,019.06 | | | $ | 6.21 | | | | 1.22 | % |
Class C | | $ | 1,000.00 | | | $ | 942.50 | | | $ | 9.65 | | | $ | 1,000.00 | | | $ | 1,015.28 | | | $ | 10.01 | | | | 1.97 | % |
Class I | | $ | 1,000.00 | | | $ | 947.70 | | | $ | 4.42 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
Class R3 | | $ | 1,000.00 | | | $ | 944.80 | | | $ | 7.50 | | | $ | 1,000.00 | | | $ | 1,017.49 | | | $ | 7.78 | | | | 1.53 | % |
Class R4 | | $ | 1,000.00 | | | $ | 946.40 | | | $ | 6.03 | | | $ | 1,000.00 | | | $ | 1,019.01 | | | $ | 6.26 | | | | 1.23 | % |
Class R5 | | $ | 1,000.00 | | | $ | 947.70 | | | $ | 4.57 | | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
Class Y | | $ | 1,000.00 | | | $ | 947.80 | | | $ | 4.22 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class F | | $ | 1,000.00 | | | $ | 948.40 | | | $ | 3.93 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.08 | | | | 0.80 | % |
|
Hartford Quality Value Fund | |
Class A | | $ | 1,000.00 | | | $ | 994.50 | | | $ | 5.13 | | | $ | 1,000.00 | | | $ | 1,020.06 | | | $ | 5.19 | | | | 1.02 | % |
Class C | | $ | 1,000.00 | | | $ | 991.30 | | | $ | 8.88 | | | $ | 1,000.00 | | | $ | 1,016.28 | | | $ | 9.00 | | | | 1.77 | % |
Class I | | $ | 1,000.00 | | | $ | 996.50 | | | $ | 3.32 | | | $ | 1,000.00 | | | $ | 1,021.88 | | | $ | 3.36 | | | | 0.66 | % |
Class R3 | | $ | 1,000.00 | | | $ | 993.60 | | | $ | 6.33 | | | $ | 1,000.00 | | | $ | 1,018.85 | | | $ | 6.41 | | | | 1.26 | % |
Class R4 | | $ | 1,000.00 | | | $ | 994.70 | | | $ | 4.93 | | | $ | 1,000.00 | | | $ | 1,020.27 | | | $ | 4.99 | | | | 0.98 | % |
Class R5 | | $ | 1,000.00 | | | $ | 996.60 | | | $ | 3.52 | | | $ | 1,000.00 | | | $ | 1,021.68 | | | $ | 3.57 | | | | 0.70 | % |
Class R6 | | $ | 1,000.00 | | | $ | 997.10 | | | $ | 2.82 | | | $ | 1,000.00 | | | $ | 1,022.38 | | | $ | 2.85 | | | | 0.56 | % |
Class Y | | $ | 1,000.00 | | | $ | 996.60 | | | $ | 3.02 | | | $ | 1,000.00 | | | $ | 1,022.18 | | | $ | 3.06 | | | | 0.60 | % |
Class F | | $ | 1,000.00 | | | $ | 997.00 | | | $ | 2.87 | | | $ | 1,000.00 | | | $ | 1,022.33 | | | $ | 2.91 | | | | 0.57 | % |
|
Hartford Small Cap Core Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,000.70 | | | $ | 6.45 | | | $ | 1,000.00 | | | $ | 1,018.75 | | | $ | 6.51 | | | | 1.28 | % |
Class C | | $ | 1,000.00 | | | $ | 997.60 | | | $ | 10.17 | | | $ | 1,000.00 | | | $ | 1,015.02 | | | $ | 10.26 | | | | 2.02 | % |
Class I | | $ | 1,000.00 | | | $ | 1,002.20 | | | $ | 4.74 | | | $ | 1,000.00 | | | $ | 1,020.47 | | | $ | 4.79 | | | | 0.94 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,000.00 | | | $ | 7.06 | | | $ | 1,000.00 | | | $ | 1,018.15 | | | $ | 7.12 | | | | 1.40 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,000.70 | | | $ | 6.00 | | | $ | 1,000.00 | | | $ | 1,019.21 | | | $ | 6.06 | | | | 1.19 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,002.80 | | | $ | 4.59 | | | $ | 1,000.00 | | | $ | 1,020.62 | | | $ | 4.63 | | | | 0.91 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,002.80 | | | $ | 4.24 | | | $ | 1,000.00 | | | $ | 1,020.97 | | | $ | 4.28 | | | | 0.84 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,000.00 | | | $ | 4.84 | | | $ | 1,000.00 | | | $ | 1,020.37 | | | $ | 4.89 | | | | 0.96 | % |
Class F | | $ | 1,000.00 | | | $ | 1,002.90 | | | $ | 4.19 | | | $ | 1,000.00 | | | $ | 1,021.02 | | | $ | 4.23 | | | | 0.83 | % |
|
The Hartford Small Cap Growth Fund | |
Class A | | $ | 1,000.00 | | | $ | 974.60 | | | $ | 5.97 | | | $ | 1,000.00 | | | $ | 1,019.16 | | | $ | 6.11 | | | | 1.20 | % |
Class C | | $ | 1,000.00 | | | $ | 971.40 | | | $ | 9.34 | | | $ | 1,000.00 | | | $ | 1,015.73 | | | $ | 9.55 | | | | 1.88 | % |
Class I | | $ | 1,000.00 | | | $ | 976.40 | | | $ | 4.08 | | | $ | 1,000.00 | | | $ | 1,021.07 | | | $ | 4.18 | | | | 0.82 | % |
Class R3 | | $ | 1,000.00 | | | $ | 973.30 | | | $ | 7.31 | | | $ | 1,000.00 | | | $ | 1,017.80 | | | $ | 7.48 | | | | 1.47 | % |
Class R4 | | $ | 1,000.00 | | | $ | 974.90 | | | $ | 5.72 | | | $ | 1,000.00 | | | $ | 1,019.41 | | | $ | 5.85 | | | | 1.15 | % |
Class R5 | | $ | 1,000.00 | | | $ | 976.40 | | | $ | 4.23 | | | $ | 1,000.00 | | | $ | 1,020.92 | | | $ | 4.33 | | | | 0.85 | % |
Class R6 | | $ | 1,000.00 | | | $ | 976.80 | | | $ | 3.74 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
Class Y | | $ | 1,000.00 | | | $ | 976.60 | | | $ | 3.94 | | | $ | 1,000.00 | | | $ | 1,021.22 | | | $ | 4.02 | | | | 0.79 | % |
Class F | | $ | 1,000.00 | | | $ | 976.80 | | | $ | 3.74 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
|
The Hartford Small Company Fund | |
Class A | | $ | 1,000.00 | | | $ | 1,020.20 | | | $ | 6.72 | | | $ | 1,000.00 | | | $ | 1,018.55 | | | $ | 6.72 | | | | 1.32 | % |
Class C | | $ | 1,000.00 | | | $ | 1,016.40 | | | $ | 10.62 | | | $ | 1,000.00 | | | $ | 1,014.67 | | | $ | 10.61 | | | | 2.09 | % |
Class I | | $ | 1,000.00 | | | $ | 1,021.50 | | | $ | 5.30 | | | $ | 1,000.00 | | | $ | 1,019.96 | | | $ | 5.30 | | | | 1.04 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,018.70 | | | $ | 7.89 | | | $ | 1,000.00 | | | $ | 1,017.39 | | | $ | 7.88 | | | | 1.55 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,020.20 | | | $ | 6.37 | | | $ | 1,000.00 | | | $ | 1,018.90 | | | $ | 6.36 | | | | 1.25 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,022.00 | | | $ | 4.84 | | | $ | 1,000.00 | | | $ | 1,020.42 | | | $ | 4.84 | | | | 0.95 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,022.30 | | | $ | 4.59 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,022.30 | | | $ | 4.59 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
Class F | | $ | 1,000.00 | | | $ | 1,021.90 | | | $ | 4.59 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.6% | | | |
| | | | Automobiles & Components - 1.0% | |
| | 525,834 | | | Aptiv plc | | $ | 40,384,051 | |
| | 137,905 | | | Ferrari N.V. | | | 16,148,919 | |
| | 457,051 | | | Valeo S.A. | | | 14,741,839 | |
| | | | | | | | |
| | | | 71,274,809 | |
| | | | | | | | |
| | | | Banks - 3.3% | |
| | 1,944,824 | | | Bank of America Corp. | | | 53,482,660 | |
| | 519,372 | | | Citizens Financial Group, Inc. | | | 19,398,544 | |
| | 196,890 | | | First Republic Bank | | | 17,915,021 | |
| | 576,381 | | | HDFC Bank Ltd. | | | 14,901,567 | |
| | 14,910 | | | HDFC Bank Ltd. ADR | | | 1,325,648 | |
| | 2,662,272 | | | KeyCorp. | | | 48,346,859 | |
| | 466,642 | | | PNC Financial Services Group, Inc. | | | 59,958,831 | |
| | 494,310 | | | Sumitomo Mitsui Financial Group, Inc. | | | 19,246,005 | |
| | | | | | | | |
| | | | 234,575,135 | |
| | | | | | | | |
| | | | Capital Goods - 4.9% | |
| | 157,953 | | | 3M Co. | | | 30,052,138 | |
| | 433,800 | | | AerCap Holdings N.V.* | | | 21,724,704 | |
| | 146,735 | | | Airbus SE | | | 16,216,304 | |
| | 356,590 | | | General Dynamics Corp. | | | 61,540,302 | |
| | 1,927,392 | | | General Electric Co. | | | 19,466,659 | |
| | 806,800 | | | Harry’s Manufacturing, Inc.*(1)(2)(3) | | | 11,004,752 | |
| | 286,510 | | | Ingersoll-Rand plc | | | 27,487,769 | |
| | 143,525 | | | L3 Technologies, Inc. | | | 27,193,682 | |
| | 178,711 | | | Lockheed Martin Corp. | | | 52,514,227 | |
| | 148,292 | | | Northrop Grumman Corp. | | | 38,845,090 | |
| | 123,478 | | | Rockwell Automation, Inc. | | | 20,340,531 | |
| | 165,365 | | | Safran S.A. | | | 21,369,765 | |
| | | | | | | | |
| | | | 347,755,923 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 2.7% | |
| | 134,691 | | | CoStar Group, Inc.* | | | 48,680,021 | |
| | 261,461 | | | Equifax, Inc. | | | 26,522,604 | |
| | 416,060 | | | IHS Markit Ltd.* | | | 21,855,632 | |
| | 172,892 | | | Intertek Group plc | | | 10,359,055 | |
| | 4,595 | | | Klarna Holding AB*(1)(2)(3) | | | 575,935 | |
| | 734,251 | | | Republic Services, Inc. | | | 53,365,363 | |
| | 269,474 | | | TransUnion | | | 17,717,915 | |
| | 215,566 | | | Waste Connections, Inc. | | | 16,477,865 | |
| | | | | | | | |
| | | | 195,554,390 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.8% | |
| | 1,513,167 | | | NIKE, Inc. Class B | | | 113,548,052 | |
| | 257,875 | | | Sony Corp. | | | 13,955,350 | |
| | 409,992 | | | Tapestry, Inc. | | | 17,346,761 | |
| | 1,825,264 | | | Under Armour, Inc. Class A*(4) | | | 40,356,587 | |
| | 2,948,796 | | | Under Armour, Inc. Class C*(4) | | | 58,474,625 | |
| | 351,562 | | | VF Corp. | | | 29,137,459 | |
| | | | | | | | |
| | | | 272,818,834 | |
| | | | | | | | |
| | | | Consumer Services - 4.6% | |
| | 147,008 | | | Chipotle Mexican Grill, Inc.* | | | 67,672,193 | |
| | 76,266 | | | Domino’s Pizza, Inc. | | | 20,499,538 | |
| | 5,654,566 | | | DraftKings, Inc.*(1)(2)(3) | | | 14,416,655 | |
| | 730,924 | | | Hilton Worldwide Holdings, Inc. | | | 52,019,861 | |
| | 1,048,100 | | | Las Vegas Sands Corp. | | | 53,484,543 | |
| | 178,173 | | | Marriott Vacations Worldwide Corp. | | | 15,766,529 | |
| | 425,824 | | | McDonald’s Corp. | | | 75,328,265 | |
| | 250,018 | | | New Oriental Education & Technology Group, Inc. ADR* | | | 14,628,553 | |
| | 172,542 | | | Royal Caribbean Cruises Ltd. | | | 18,070,324 | |
| | | | | | | | |
| | | | | | | 331,886,461 | |
| | | | | | | | |
| | | | Diversified Financials - 4.6% | |
| | 886,257 | | | American Express Co. | | | 91,045,182 | |
| | 329,890 | | | Intercontinental Exchange, Inc. | | | 25,414,726 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.6% - (continued) | | | |
| | | | Diversified Financials - 4.6% - (continued) | |
| | 1,339,319 | | | J2 Acquisition Ltd.*(5) | | $ | 12,120,837 | |
| | 1,087,552 | | | Morgan Stanley | | | 49,657,624 | |
| | 3,528,150 | | | SLM Corp.* | | | 35,775,441 | |
| | 429,854 | | | State Street Corp. | | | 29,552,462 | |
| | 1,236,667 | | | TD Ameritrade Holding Corp. | | | 63,960,417 | |
| | 1,326,260 | | | UBS Group AG* | | | 18,537,288 | |
| | | | | | | | |
| | | | | | | 326,063,977 | |
| | | | | | | | |
| | | | Energy - 3.0% | |
| | 424,329 | | | Concho Resources, Inc.* | | | 59,019,921 | |
| | 421,901 | | | Diamondback Energy, Inc.(4) | | | 47,404,796 | |
| | 436,103 | | | EOG Resources, Inc. | | | 45,939,090 | |
| | 239,586 | | | Halliburton Co. | | | 8,308,842 | |
| | 342,325 | | | Total S.A.(4) | | | 20,086,065 | |
| | 2,082,878 | | | WPX Energy, Inc.* | | | 33,409,363 | |
| | | | | | | | |
| | | | | | | 214,168,077 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.9% | |
| | 152,826 | | | Costco Wholesale Corp. | | | 34,940,609 | |
| | 1,027,990 | | | Walmart, Inc. | | | 103,086,837 | |
| | | | | | | | |
| | | | | | | 138,027,446 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 4.4% | |
| | 764,092 | | | Altria Group, Inc. | | | 49,696,544 | |
| | 1,532,390 | | | Coca-Cola Co. | | | 73,370,833 | |
| | 1,824,111 | | | Diageo plc | | | 63,062,284 | |
| | 391,528 | | | Lamb Weston Holdings, Inc. | | | 30,601,829 | |
| | 272,824 | | | Monster Beverage Corp.* | | | 14,418,748 | |
| | 613,443 | | | PepsiCo., Inc. | | | 68,938,724 | |
| | 1,557,850 | | | Treasury Wine Estates Ltd. | | | 16,768,012 | |
| | | | | | | | |
| | | | | | | 316,856,974 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 7.6% | |
| | 83,915 | | | Align Technology, Inc.* | | | 18,561,998 | |
| | 769,512 | | | Baxter International, Inc. | | | 48,102,195 | |
| | 114,079 | | | Becton Dickinson and Co. | | | 26,295,210 | |
| | 623,100 | | | Danaher Corp. | | | 61,936,140 | |
| | 321,426 | | | Haemonetics Corp.* | | | 33,579,374 | |
| | 411,179 | | | Insulet Corp.* | | | 36,270,100 | |
| | 424,041 | | | Koninklijke Philips N.V. | | | 15,814,963 | |
| | 1,274,416 | | | Medtronic plc | | | 114,468,045 | |
| | 169,675 | | | Penumbra, Inc.* | | | 23,075,800 | |
| | 314,143 | | | Stryker Corp. | | | 50,960,278 | |
| | 64,116 | | | Teleflex, Inc. | | | 15,435,286 | |
| | 212,615 | | | UnitedHealth Group, Inc. | | | 55,566,930 | |
| | 303,467 | | | Veeva Systems, Inc. Class A* | | | 27,721,710 | |
| | 52,878 | | | WellCare Health Plans, Inc.* | | | 14,593,799 | |
| | | | | | | | |
| | | | | | | 542,381,828 | |
| | | | | | | | |
| | | | Household & Personal Products - 1.3% | |
| | 273,519 | | | Clorox Co. | | | 40,603,896 | |
| | 926,789 | | | Colgate-Palmolive Co. | | | 55,190,285 | |
| | | | | | | | |
| | | | | | | 95,794,181 | |
| | | | | | | | |
| | | | Insurance - 4.3% | |
| | 956,370 | | | Aflac, Inc. | | | 41,190,856 | |
| | 508,843 | | | Arthur J Gallagher & Co. | | | 37,659,470 | |
| | 496,113 | | | Chubb Ltd. | | | 61,969,475 | |
| | 350,293 | | | Lincoln National Corp. | | | 21,084,136 | |
| | 530,940 | | | Marsh & McLennan Cos., Inc. | | | 44,997,165 | |
| | 2,404,251 | | | Ping An Insurance Group Co. of China Ltd. Class H | | | 22,729,856 | |
| | 361,400 | | | Tokio Marine Holdings, Inc. | | | 17,026,322 | |
| | 537,892 | | | Unum Group | | | 19,503,964 | |
| | 313,897 | | | Willis Towers Watson plc | | | 44,937,495 | |
| | | | | | | | |
| | | | | | | 311,098,739 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.6% - (continued) | | | |
| | | | Materials - 3.7% | |
| | 590,609 | | | Anglo American plc | | $ | 12,605,591 | |
| | 693,009 | | | CF Industries Holdings, Inc. | | | 33,285,222 | |
| | 307,214 | | | Eastman Chemical Co. | | | 24,070,217 | |
| | 238,552 | | | FMC Corp. | | | 18,626,140 | |
| | 373,419 | | | International Paper Co. | | | 16,938,286 | |
| | 485,683 | | | Linde plc | | | 80,365,966 | |
| | 754,414 | | | Mosaic Co. | | | 23,341,569 | |
| | 391,707 | | | Nucor Corp. | | | 23,157,718 | |
| | 124,503 | | | Packaging Corp. of America | | | 11,430,620 | |
| | 210,572 | | | Vulcan Materials Co. | | | 21,297,252 | |
| | | | | | | | |
| | | | | | | 265,118,581 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.9% | |
| | 36,169 | | | Alphabet, Inc. Class A* | | | 39,445,188 | |
| | 16,818 | | | Alphabet, Inc. Class C* | | | 18,109,118 | |
| | 132,272 | | | Netflix, Inc.* | | | 39,917,044 | |
| | 558,005 | | | Ocean Outdoor Ltd.*(1)(3)(5) | | | 5,342,898 | |
| | 370,322 | | | Spotify Technology S.A.* | | | 55,433,500 | |
| | 606,257 | | | Tencent Holdings Ltd. | | | 20,769,916 | |
| | 544,780 | | | Yandex N.V. Class A* | | | 16,414,222 | |
| | 282,973 | | | Zillow Group, Inc. Class A* | | | 11,423,620 | |
| | | | | | | | |
| | | | | | | 206,855,506 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 8.1% | |
| | 262,783 | | | Agilent Technologies, Inc. | | | 17,025,711 | |
| | 315,402 | | | Alkermes plc* | | | 12,877,864 | |
| | 150,119 | | | Allergan plc | | | 23,720,303 | |
| | 200,116 | | | Alnylam Pharmaceuticals, Inc.* | | | 16,095,330 | |
| | 683,121 | | | AstraZeneca plc ADR | | | 26,491,432 | |
| | 579,791 | | | Bausch Health Cos., Inc.* | | | 13,265,618 | |
| | 78,298 | | | BeiGene Ltd. ADR* | | | 9,860,850 | |
| | 1,619,678 | | | Bristol-Myers Squibb Co. | | | 81,858,526 | |
| | 56,800 | | | Elanco Animal Health, Inc.* | | | 1,731,264 | |
| | 431,816 | | | Exact Sciences Corp.* | | | 30,680,527 | |
| | 398,836 | | | Gilead Sciences, Inc. | | | 27,192,638 | |
| | 174,672 | | | Heron Therapeutics, Inc.* | | | 4,848,895 | |
| | 374,668 | | | Ionis Pharmaceuticals, Inc.* | | | 18,564,799 | |
| | 700,596 | | | Johnson & Johnson | | | 98,076,434 | |
| | 906,723 | | | Merck & Co., Inc. | | | 66,743,880 | |
| | 29,472 | | | Mettler-Toledo International, Inc.* | | | 16,115,879 | |
| | 308,008 | | | Novartis AG ADR | | | 26,938,380 | |
| | 1,522,797 | | | Pfizer, Inc. | | | 65,571,639 | |
| | 158,750 | | | TESARO, Inc.*(4) | | | 4,584,700 | |
| | 91,089 | | | Thermo Fisher Scientific, Inc. | | | 21,282,945 | |
| | | | | | | | |
| | | | | | | 583,527,614 | |
| | | | | | | | |
| | | | Real Estate - 4.4% | |
| | 852,526 | | | American Tower Corp. REIT | | | 132,832,076 | |
| | 233,462 | | | AvalonBay Communities, Inc. REIT | | | 40,944,565 | |
| | 235,822 | | | Crown Castle International Corp. REIT | | | 25,643,284 | |
| | 28,867 | | | Equinix, Inc. REIT | | | 10,933,088 | |
| | 378,325 | | | Public Storage REIT | | | 77,734,438 | |
| | 146,963 | | | Simon Property Group, Inc. REIT | | | 26,970,650 | |
| | 55,763 | | | WeWork Companies, Inc. Class A
*(1)(2)(3) | | | 3,480,726 | |
| | | | | | | | |
| | | | | | | 318,538,827 | |
| | | | | | | | |
| | | | Retailing - 5.3% | |
| | 260,855 | | | Alibaba Group Holding Ltd. ADR* | | | 37,114,449 | |
| | 40,469 | | | Amazon.com, Inc.* | | | 64,669,867 | |
| | 13,768 | | | Booking Holdings, Inc.* | | | 25,809,217 | |
| | 222,590 | | | CarMax, Inc.* | | | 15,116,087 | |
| | 288,247 | | | Delivery Hero SE*(5) | | | 11,606,301 | |
| | 353,385 | | | Expedia Group, Inc. | | | 44,325,081 | |
| | 128,682 | | | Home Depot, Inc. | | | 22,632,590 | |
| | 621,249 | | | Industria de Diseno Textil S.A.(4) | | | 17,509,720 | |
| | 10,615 | | | JAND, Inc. Class A*(1)(2)(3) | | | 145,319 | |
| | 1,725,339 | | | Just Eat plc* | | | 13,384,275 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.6% - (continued) | | | |
| | | | Retailing - 5.3% - (continued) | |
| | 388,492 | | | Lowe’s Cos., Inc. | | $ | 36,992,208 | |
| | 551,463 | | | TJX Cos., Inc. | | | 60,594,755 | |
| | 316,327 | | | Tory Burch LLC*(1)(2)(3) | | | 16,009,293 | |
| | 143,905 | | | Wayfair, Inc. Class A* | | | 15,871,283 | |
| | | | | | | | |
| | | | | | | 381,780,445 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 2.8% | |
| | 311,982 | | | Analog Devices, Inc. | | | 26,116,013 | |
| | 94,240 | | | Broadcom, Inc. | | | 21,061,698 | |
| | 1,250,976 | | | Micron Technology, Inc.* | | | 47,186,815 | |
| | 726,974 | | | NXP Semiconductors N.V. | | | 54,515,780 | |
| | 2,976,180 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 22,343,321 | |
| | 822,712 | | | Teradyne, Inc. | | | 28,342,428 | |
| | | | | | | | |
| | | | | | | 199,566,055 | |
| | | | | | | | |
| | | | Software & Services - 11.2% | |
| | 142,569 | | | 2U, Inc.* | | | 8,969,016 | |
| | 311,363 | | | Accenture plc Class A | | | 49,077,036 | |
| | 154,864 | | | Adobe, Inc.* | | | 38,059,377 | |
| | 199,299 | | | Autodesk, Inc.* | | | 25,759,396 | |
| | 290,496 | | | DXC Technology Co. | | | 21,156,824 | |
| | 210,909 | | | FleetCor Technologies, Inc.* | | | 42,188,127 | |
| | 35,851 | | | ForeScout Technologies, Inc.* | | | 987,336 | |
| | 696,095 | | | Genpact Ltd. | | | 19,079,964 | |
| | 326,890 | | | Global Payments, Inc. | | | 37,340,645 | |
| | 436,082 | | | GoDaddy, Inc. Class A* | | | 31,908,120 | |
| | 448,408 | | | Guidewire Software, Inc.* | | | 39,894,860 | |
| | 690,126 | | | Microsoft Corp. | | | 73,712,358 | |
| | 1,002,368 | | | Nuance Communications, Inc.* | | | 17,431,179 | |
| | 490,543 | | | PayPal Holdings, Inc.* | | | 41,298,815 | |
| | 463,688 | | | salesforce.com, Inc.* | | | 63,636,541 | |
| | 329,307 | | | ServiceNow, Inc.* | | | 59,617,739 | |
| | 258,928 | | | Shopify, Inc. Class A* | | | 35,770,903 | |
| | 712,886 | | | SS&C Technologies Holdings, Inc. | | | 36,471,248 | |
| | 330,173 | | | Verint Systems, Inc.* | | | 15,079,001 | |
| | 127,742 | | | VeriSign, Inc.* | | | 18,208,345 | |
| | 327,060 | | | Visa, Inc. Class A | | | 45,085,221 | |
| | 283,959 | | | Wix.com Ltd.* | | | 27,643,409 | |
| | 404,955 | | | Workday, Inc. Class A* | | | 53,867,114 | |
| | 115,079 | | | Zuora, Inc. Class A* | | | 2,349,913 | |
| | | | | | | | |
| | | | | | | 804,592,487 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.1% | |
| | 349,185 | | | Apple, Inc. | | | 76,422,629 | |
| | 226,707 | | | CDW Corp. | | | 20,405,897 | |
| | 974,729 | | | Flex Ltd.* | | | 7,661,370 | |
| | 630,252 | | | TE Connectivity Ltd. | | | 47,533,606 | |
| | | | | | | | |
| | | | | | | 152,023,502 | |
| | | | | | | | |
| | | | Telecommunication Services - 2.4% | |
| | 1,836,398 | | | AT&T, Inc. | | | 56,340,691 | |
| | 561,212 | | | T-Mobile US, Inc.* | | | 38,471,083 | |
| | 1,349,094 | | | Verizon Communications, Inc. | | | 77,019,776 | |
| | | | | | | | |
| | | | | | | 171,831,550 | |
| | | | | | | | |
| | | | Transportation - 3.5% | |
| | 980,753 | | | Canadian National Railway Co. | | | 83,842,108 | |
| | 990,935 | | | CSX Corp. | | | 68,235,784 | |
| | 182,257 | | | Expeditors International of Washington, Inc. | | | 12,244,025 | |
| | 379,222 | | | Union Pacific Corp. | | | 55,449,841 | |
| | 263,862 | | | United Parcel Service, Inc. Class B | | | 28,111,857 | |
| | | | | | | | |
| | | | | | | 247,883,615 | |
| | | | | | | | |
| | | | Utilities - 1.8% | |
| | 373,109 | | | Dominion Energy, Inc. | | | 26,647,445 | |
| | 530,375 | | | NRG Energy, Inc. | | | 19,194,271 | |
| | 309,457 | | | Sempra Energy | | | 34,077,405 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.6% - (continued) | | | |
| | | | Utilities - 1.8% - (continued) | |
| | 1,074,471 | | | Southern Co. | | $ | 48,383,429 | |
| | | | | | | | |
| | | | 128,302,550 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $6,807,322,867) | | $ | 6,858,277,506 | |
| | | | | | | | |
| |
| PREFERRED STOCKS - 2.6% | | | |
| | | | Commercial & Professional Services - 0.0% | |
| | 33,739 | | | Rubicon Global Holdings LLC Series C*(1)(2)(3) | | $ | 1,012,170 | |
| | | | | | | | |
| | | | Consumer Services - 0.0% | |
| | 10,074 | | | Airbnb, Inc. Series E*(1)(2)(3) | | | 1,164,857 | |
| | | | | | | | |
| | | | Diversified Financials - 0.1% | |
| | 348,919 | | | Social Finance, Inc. Series F*(1)(2)(3) | | | 5,840,904 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 0.1% | |
| | 956,830 | | | Moderna Therapeutics, Inc. Class E*(1)(2)(3) | | | 9,625,710 | |
| | | | | | | | |
| | | | Real Estate - 1.2% | |
| | 762,484 | | | WeWork Companies, Inc. Class D-1*(1)(2)(3) | | | 47,594,251 | |
| | 599,094 | | | WeWork Companies, Inc. Class D-2*(1)(2)(3) | | | 37,395,448 | |
| | | | | | | | |
| | | | 84,989,699 | |
| | | | | | | | |
| | | | Retailing - 0.2% | |
| | 448,670 | | | Coupang LLC*(1)(2)(3) | | | 1,893,387 | |
| | 278,194 | | | Honest Co., Inc.*(1)(2)(3) | | | 10,076,187 | |
| | 23,702 | | | JAND, Inc. Series D*(1)(2)(3) | | | 331,828 | |
| | | | | | | | |
| | | | 12,301,402 | |
| | | | | | | | |
| | | | Software & Services - 1.0% | |
| | 566,622 | | | Essence Group Holdings Corp.
Series 3*(1)(2)(3) | | | 1,365,559 | |
| | 77,707 | | | Lookout, Inc. Series F*(1)(2)(3) | | | 613,885 | |
| | 95,031 | | | MarkLogic Corp. Series F*(1)(2)(3) | | | 948,409 | |
| | 2,286,050 | | | Pinterest, Inc. Series G*(1)(2)(3) | | | 12,116,065 | |
| | 47,064 | | | Sharecare, Inc. Series B2*(1)(2)(3) | | | 10,735,769 | |
| | 1,025,459 | | | Uber Technologies, Inc. Series D*(1)(2)(3) | | | 44,556,194 | |
| | | | | | | | |
| | | | 70,335,881 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $97,053,315) | | $ | 185,270,623 | |
| | | | | | | | |
|
| CONVERTIBLE PREFERRED STOCKS - 0.0% | |
| | | | Retailing - 0.0% | |
| | 28,025 | | | Honest Co., Inc. Series C*(1)(2)(3) | | $ | 857,565 | |
| | | | | | | | |
| | |
| | | | Total Convertible Preferred Stocks
(cost $758,281) | | $ | 857,565 | |
| | | | | | | | |
|
| ESCROWS - 0.0%(7) | |
| | | | Capital Goods - 0.0% | |
| | 372,334 | | | Lithium Technology Corp.*(1)(2)(3) | | $ | 3,723 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 0.0% | |
| | 83,332 | | | One Kings Lane, Inc.*(1)(2)(3) | | | 15,000 | |
| | | | | | | | |
| | | | Software & Services - 0.0% | |
| | 143,626 | | | Birst Earn Out*(1)(2)(3) | | | — | |
| | 143,626 | | | Birst, Inc.*(1)(2)(3) | | | 7,469 | |
| | 58,205 | | | Veracode, Inc.*(1)(2)(3) | | | 31,663 | |
| | | | | | | | |
| | | | 39,132 | |
| | | | | | | | |
| | | | Telecommunication Services - 0.0% | |
| | 12,218 | | | Docusign, Inc.*(1)(2)(3) | | | 27,491 | |
| | | | | | | | |
| | |
| | | | Total Escrows
(cost $—) | | $ | 85,346 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| WARRANTS - 0.0% | |
| | | | Diversified Financials - 0.0% | |
| | 1,365,300 | | | J2 Acquisition Ltd. Expires 9/7/27* | | $ | 614,385 | |
| | | | | | | | |
| | | | Real Estate - 0.0% | |
| | 423,202 | | | Vinhomes JSC Expires 5/23/28* | | | 1,203,684 | |
| | | | | | | | |
| | |
| | | | Total Warrants
(cost $1,747,148) | | $ | 1,818,069 | |
| | | | | | | | |
|
| CLOSED END FUNDS - 0.6% | |
| | | | Other Investment Pools & Funds - 0.6% | |
| | 741,200 | | | Altaba, Inc.* | | $ | 44,546,120 | |
| | | | | | | | |
| | |
| | | | Total Closed Funds
(cost $48,290,395) | | $ | 44,546,120 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $6,955,172,006) | | $ | 7,090,855,229 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 1.9% | |
| | | | Other Investment Pools & Funds - 1.3% | | | |
| | 97,539,419 | | | Fidelity Institutional Government Fund, Institutional Class, 2.07%(6) | | $ | 97,539,419 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.6% | | | |
| | 2,120,456 | | | Citibank NA DDCA, 2.19%, 11/1/2018(6) | | | 2,120,456 | |
| | 16,420,576 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(6) | | | 16,420,576 | |
| | 4,826,087 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(6) | | | 4,826,087 | |
| | 11,714,733 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(6) | | | 11,714,733 | |
| | 2,241,759 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(6) | | | 2,241,759 | |
| | 5,085,506 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(6) | | | 5,085,506 | |
| | | | | | | | |
| | | | | | | 42,409,117 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $139,948,536) | | $ | 139,948,536 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $7,095,120,542) | | | 100.7 | % | | $ | 7,230,803,765 | |
| | | | Other Assets and Liabilities | | | (0.7 | )% | | | (52,541,293 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 7,178,262,472 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2018
| (1) | Investment valued using significant unobservable inputs. |
| (2) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $231,846,214 or 3.2% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 06/2015 | | | Airbnb, Inc. Series E Preferred | | | 10,074 | | | $ | 937,833 | | | $ | 1,164,857 | |
| | 03/2015 | | | Birst Earn Out | | | 143,626 | | | | — | | | | — | |
| | 03/2015 | | | Birst, Inc. | | | 143,626 | | | | — | | | | 7,469 | |
| | 11/2014 | | | Coupang LLC Preferred | | | 448,670 | | | | 1,396,764 | | | | 1,893,387 | |
| | 05/2018 | | | Docusign, Inc. | | | 12,218 | | | | — | | | | 27,491 | |
| | 12/2014 | | | DraftKings, Inc. | | | 5,654,566 | | | | 20,596,932 | | | | 14,416,655 | |
| | 05/2014 | | | Essence Group Holdings Corp. Series 3 Preferred | | | 566,622 | | | | 895,999 | | | | 1,365,559 | |
| | 06/2015 | | | Harry’s Manufacturing, Inc. | | | 806,800 | | | | 10,846,942 | | | | 11,004,752 | |
| | 08/2015 | | | Honest Co., Inc. Preferred | | | 278,194 | | | | 12,728,766 | | | | 10,076,187 | |
| | 08/2014 | | | Honest Co., Inc. Series C Convertible Preferred | | | 28,025 | | | | 758,281 | | | | 857,565 | |
| | 04/2015 | | | JAND, Inc. Class A | | | 10,615 | | | | 121,917 | | | | 145,319 | |
| | 04/2015 | | | JAND, Inc. Series D Preferred | | | 23,702 | | | | 272,225 | | | | 331,828 | |
| | 08/2015 | | | Klarna Holding AB | | | 4,595 | | | | 503,982 | | | | 575,935 | |
| | 08/2013 | | | Lithium Technology Corp. | | | 372,334 | | | | — | | | | 3,723 | |
| | 07/2014 | | | Lookout, Inc. Series F Preferred | | | 77,707 | | | | 887,655 | | | | 613,885 | |
| | 04/2015 | | | MarkLogic Corp. Series F Preferred | | | 95,031 | | | | 1,103,709 | | | | 948,409 | |
| | 12/2014 | | | Moderna Therapeutics, Inc. Class E Preferred | | | 956,830 | | | | 5,900,771 | | | | 9,625,710 | |
| | 01/2014 | | | One Kings Lane, Inc. | | | 83,332 | | | | — | | | | 15,000 | |
| | 03/2015 | | | Pinterest, Inc. Series G Preferred | | | 2,286,050 | | | | 16,411,763 | | | | 12,116,065 | |
| | 09/2015 | | | Rubicon Global Holdings LLC Series C Preferred | | | 33,739 | | | | 673,447 | | | | 1,012,170 | |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 03/2015 | | | Sharecare, Inc. Series B2 Preferred | | | 47,064 | | | $ | 11,759,882 | | | $ | 10,735,769 | |
| | 09/2015 | | | Social Finance, Inc. Series F Preferred | | | 348,919 | | | | 5,504,651 | | | | 5,840,904 | |
| | 11/2013 | | | Tory Burch LLC | | | 316,327 | | | | 24,792,581 | | | | 16,009,293 | |
| | 06/2014 | | | Uber Technologies, Inc. Series D Preferred | | | 1,025,459 | | | | 15,907,997 | | | | 44,556,194 | |
| | 04/2017 | | | Veracode, Inc. | | | 58,205 | | | | — | | | | 31,663 | |
| | 12/2014 | | | WeWork Companies, Inc. Class A | | | 55,763 | | | | 928,519 | | | | 3,480,726 | |
| | 12/2014 | | | WeWork Companies, Inc. Class D-1 Preferred | | | 762,484 | | | | 12,696,243 | | | | 47,594,251 | |
| | 12/2014 | | | WeWork Companies, Inc. Class D-2 Preferred | | | 599,094 | | | | 9,975,610 | | | | 37,395,448 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | $ | 155,602,469 | | | $ | 231,846,214 | |
| | | | | | | | | | | | | | | | |
| (3) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2018, the aggregate fair value of these securities was $237,189,112, which represented 3.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (4) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (5) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $29,070,036, representing 0.4% of net assets. |
| (6) | Current yield as of period end. |
| (7) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2018 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Long position contracts: | | | | | | | | | | | | |
S&P 500 (E-Mini) Future | | | 395 | | | | 12/21/2018 | | | $ | 53,544,225 | | | $ | (1,993,236 | ) |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | | | | | | | | | | | | $ | (1,993,236 | ) |
| | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 71,274,809 | | | $ | 40,384,051 | | | $ | 30,890,758 | | | $ | — | |
Banks | | | 234,575,135 | | | | 200,427,563 | | | | 34,147,572 | | | | — | |
Capital Goods | | | 347,755,923 | | | | 299,165,102 | | | | 37,586,069 | | | | 11,004,752 | |
Commercial & Professional Services | | | 195,554,390 | | | | 184,619,400 | | | | 10,359,055 | | | | 575,935 | |
Consumer Durables & Apparel | | | 272,818,834 | | | | 258,863,484 | | | | 13,955,350 | | | | — | |
Consumer Services | | | 331,886,461 | | | | 317,469,806 | | | | — | | | | 14,416,655 | |
Diversified Financials | | | 326,063,977 | | | | 307,526,689 | | | | 18,537,288 | | | | — | |
Energy | | | 214,168,077 | | | | 194,082,012 | | | | 20,086,065 | | | | — | |
Food & Staples Retailing | | | 138,027,446 | | | | 138,027,446 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 316,856,974 | | | | 237,026,678 | | | | 79,830,296 | | | | — | |
Health Care Equipment & Services | | | 542,381,828 | | | | 526,566,865 | | | | 15,814,963 | | | | — | |
Household & Personal Products | | | 95,794,181 | | | | 95,794,181 | | | | — | | | | — | |
Insurance | | | 311,098,739 | | | | 271,342,561 | | | | 39,756,178 | | | | — | |
Materials | | | 265,118,581 | | | | 252,512,990 | | | | 12,605,591 | | | | — | |
Media & Entertainment | | | 206,855,506 | | | | 180,742,692 | | | | 20,769,916 | | | | 5,342,898 | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 583,527,614 | | | | 583,527,614 | | | | — | | | | — | |
Real Estate | | | 318,538,827 | | | | 315,058,101 | | | | — | | | | 3,480,726 | |
Retailing | | | 381,780,445 | | | | 323,125,537 | | | | 42,500,296 | | | | 16,154,612 | |
Semiconductors & Semiconductor Equipment | | | 199,566,055 | | | | 177,222,734 | | | | 22,343,321 | | | | — | |
Software & Services | | | 804,592,487 | | | | 804,592,487 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 152,023,502 | | | | 152,023,502 | | | | — | | | | — | |
Telecommunication Services | | | 171,831,550 | | | | 171,831,550 | | | | — | | | | — | |
Transportation | | | 247,883,615 | | | | 247,883,615 | | | | — | | | | — | |
Utilities | | | 128,302,550 | | | | 128,302,550 | | | | — | | | | — | |
Preferred Stocks | | | 185,270,623 | | | | — | | | | — | | | | 185,270,623 | |
Convertible Preferred Stocks | | | 857,565 | | | | — | | | | — | | | | 857,565 | |
Escrows | | | 85,346 | | | | — | | | | — | | | | 85,346 | |
Warrants | | | 1,818,069 | | | | 1,818,069 | | | | — | | | | — | |
Closed End Funds | | | 44,546,120 | | | | 44,546,120 | | | | — | | | | — | |
Short-Term Investments | | | 139,948,536 | | | | 139,948,536 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 7,230,803,765 | | | $ | 6,594,431,935 | | | $ | 399,182,718 | | | $ | 237,189,112 | |
| | | | | | | | | | | | | | | | |
Liabilities | | | | | | | | | | | | | | | | |
Futures Contracts(2) | | $ | (1,993,236 | ) | | $ | (1,993,236 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (1,993,236 | ) | | $ | (1,993,236 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, investments valued at $4,132,444 were transferred into Level 3 due to the unavailability of active market pricing and investments valued at $2,949,028 were transferred out of Level 3 due to the expiration of trading restrictions. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2018:
| | | | | | | | | | | | | | | | | | | | |
| | | Common
Stocks | | | Preferred
Stocks | | | Convertible
Preferred
Stocks | | | Escrows | | | Total | |
Beginning balance | | $ | 43,555,875 | | | $ | 238,302,918 | | | $ | 855,323 | | | $ | — | | | $ | 282,714,116 | |
Conversions* | | | (404,976 | ) | | | — | | | | — | | | | 404,976 | | | | — | |
Purchases | | | 1,367,360 | | | | — | | | | — | | | | — | | | | 1,367,360 | |
Sales | | | (5,192,953 | ) | | | (33,244,765 | ) | | | — | | | | — | | | | (38,437,718 | ) |
Accrued discounts/(premiums) | | | — | | | | — | | | | — | | | | — | | | | — | |
Total realized gain/(loss) | | | (20,394,465 | ) | | | 4,139,466 | | | | — | | | | — | | | | (16,254,999 | ) |
Net change in unrealized appreciation/(depreciation) | | | 28,533,376 | | | | (21,599,051 | ) | | | 2,242 | | | | (319,630 | ) | | | 6,616,937 | |
Transfers into Level 3 | | | 4,132,444 | | | | — | | | | — | | | | — | | | | 4,132,444 | |
Transfers out of Level 3 | | | (621,083 | ) | | | (2,327,945 | ) | | | — | | | | — | | | | (2,949,028 | ) |
| | | | | | | | | | | | | | | | | | | | |
Ending balance | | $ | 50,975,578 | | | $ | 185,270,623 | | | $ | 857,565 | | | $ | 85,346 | | | $ | 237,189,112 | |
| | | | | | | | | | | | | | | | | | | | |
The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at October 31, 2018 was $(10,492,147).
| * | Private Equity securities that were common stocks are now escrows. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% | |
| | | | Banks - 8.2% | | | |
| | 3,252,897 | | | Bank of America Corp. | | $ | 89,454,668 | |
| | 1,032,969 | | | Fifth Third Bancorp | | | 27,879,833 | |
| | 885,057 | | | JP Morgan Chase & Co. | | | 96,488,914 | |
| | 547,509 | | | PNC Financial Services Group, Inc. | | | 70,349,431 | |
| | | | | | | | |
| | | | 284,172,846 | |
| | | | | | | | |
| | | | Capital Goods - 6.2% | |
| | 486,779 | | | AMETEK, Inc. | | | 32,653,135 | |
| | 191,176 | | | Boeing Co. | | | 67,840,715 | |
| | 519,241 | | | Fortune Brands Home & Security, Inc. | | | 23,277,574 | |
| | 167,886 | | | General Dynamics Corp. | | | 28,973,766 | |
| | 252,919 | | | Illinois Tool Works, Inc. | | | 32,264,877 | |
| | 197,850 | | | Snap-on, Inc. | | | 30,457,029 | |
| | | | | | | | |
| | | | 215,467,096 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 2.3% | |
| | 177,060 | | | Equifax, Inc. | | | 17,960,966 | |
| | 487,683 | | | IHS Markit Ltd.* | | | 25,617,988 | |
| | 500,066 | | | Republic Services, Inc. | | | 36,344,797 | |
| | | | | | | | |
| | | | 79,923,751 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 2.7% | |
| | 739,773 | | | NIKE, Inc. Class B | | | 55,512,566 | |
| | 474,805 | | | VF Corp. | | | 39,351,838 | |
| | | | | | | | |
| | | | 94,864,404 | |
| | | | | | | | |
| | | | Consumer Services - 3.2% | |
| | 854,088 | | | Aramark | | | 30,678,841 | |
| | 350,100 | | | Hilton Worldwide Holdings, Inc. | | | 24,916,617 | |
| | 317,651 | | | McDonald’s Corp. | | | 56,192,462 | |
| | | | | | | | |
| | | | 111,787,920 | |
| | | | | | | | |
| | | | Diversified Financials - 2.2% | |
| | 345,011 | | | American Express Co. | | | 35,442,980 | |
| | 438,517 | | | Capital One Financial Corp. | | | 39,159,568 | |
| | | | | | | | |
| | | | 74,602,548 | |
| | | | | | | | |
| | | | Energy - 2.4% | |
| | 584,787 | | | Continental Resources, Inc.* | | | 30,806,579 | |
| | 479,833 | | | EOG Resources, Inc. | | | 50,545,608 | |
| | | | | | | | |
| | | | 81,352,187 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 3.5% | |
| | 245,802 | | | Costco Wholesale Corp. | | | 56,197,711 | |
| | 653,718 | | | Walmart, Inc. | | | 65,554,841 | |
| | | | | | | | |
| | | | 121,752,552 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.3% | |
| | 81,247 | | | Constellation Brands, Inc. Class A | | | 16,186,840 | |
| | 521,143 | | | Monster Beverage Corp.* | | | 27,542,407 | |
| | | | | | | | |
| | | | 43,729,247 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 11.0% | |
| | 652,175 | | | Abbott Laboratories | | | 44,960,945 | |
| | 195,270 | | | Anthem, Inc. | | | 53,810,554 | |
| | 772,816 | | | Baxter International, Inc. | | | 48,308,728 | |
| | 306,503 | | | Danaher Corp. | | | 30,466,398 | |
| | 754,876 | | | Hologic, Inc.* | | | 29,432,615 | |
| | 228,890 | | | Laboratory Corp. of America Holdings* | | | 36,748,290 | |
| | 579,382 | | | Medtronic plc | | | 52,040,091 | |
| | 329,731 | | | UnitedHealth Group, Inc. | | | 86,175,197 | |
| | | | | | | | |
| | | | 381,942,818 | |
| | | | | | | | |
| | | | Household & Personal Products - 3.9% | |
| | 722,093 | | | Colgate-Palmolive Co. | | | 43,000,638 | |
| | 184,990 | | | Estee Lauder Cos., Inc. Class A | | | 25,425,026 | |
| | 766,960 | | | Procter & Gamble Co. | | | 68,014,013 | |
| | | | | | | | |
| | | | | | | 136,439,677 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% - (continued) | |
| | | | Insurance - 3.6% | |
| | 485,244 | | | Allstate Corp. | | $ | 46,447,556 | |
| | 493,048 | | | Athene Holding Ltd. Class A* | | | 22,542,155 | |
| | 447,484 | | | Chubb Ltd. | | | 55,895,226 | |
| | | | | | | | |
| | | | | | | 124,884,937 | |
| | | | | | | | |
| | | | Materials - 2.1% | |
| | 495,279 | | | DowDuPont, Inc. | | | 26,705,444 | |
| | 299,868 | | | Ecolab, Inc. | | | 45,924,784 | |
| | | | | | | | |
| | | | | | | 72,630,228 | |
| | | | | | | | |
| | | | Media & Entertainment - 4.4% | |
| | 84,847 | | | Alphabet, Inc. Class A* | | | 92,532,441 | |
| | 20,222 | | | Alphabet, Inc. Class C* | | | 21,774,443 | |
| | 254,340 | | | Facebook, Inc. Class A* | | | 38,606,269 | |
| | | | | | | | |
| | | | | | | 152,913,153 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 6.4% | |
| | 185,583 | | | Allergan plc | | | 29,323,970 | |
| | 589,731 | | | Bristol-Myers Squibb Co. | | | 29,805,004 | |
| | 554,311 | | | Eli Lilly & Co. | | | 60,109,485 | |
| | 734,136 | | | Merck & Co., Inc. | | | 54,039,751 | |
| | 208,600 | | | Thermo Fisher Scientific, Inc. | | | 48,739,390 | |
| | | | | | | | |
| | | | | | | 222,017,600 | |
| | | | | | | | |
| | | | Real Estate - 1.0% | |
| | 228,313 | | | American Tower Corp. REIT | | | 35,573,449 | |
| | | | | | | | |
| | | | Retailing - 3.9% | |
| | 23,288 | | | Booking Holdings, Inc.* | | | 43,655,219 | |
| | 428,674 | | | Dollar Tree, Inc.* | | | 36,137,218 | |
| | 494,865 | | | TJX Cos., Inc. | | | 54,375,767 | |
| | | | | | | | |
| | | | | | | 134,168,204 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 1.7% | |
| | 594,789 | | | Micron Technology, Inc.* | | | 22,435,441 | |
| | 961,802 | | | ON Semiconductor Corp.* | | | 16,350,634 | |
| | 625,362 | | | Teradyne, Inc. | | | 21,543,721 | |
| | | | | | | | |
| | | | | | | 60,329,796 | |
| | | | | | | | |
| | | | Software & Services - 11.8% | |
| | 689,667 | | | GoDaddy, Inc. Class A* | | | 50,462,935 | |
| | 645,836 | | | Leidos Holdings, Inc. | | | 41,837,256 | |
| | 481,893 | | | Mastercard, Inc. Class A | | | 95,255,789 | |
| | 894,664 | | | Microsoft Corp. | | | 95,559,062 | |
| | 294,922 | | | salesforce.com, Inc.* | | | 40,475,095 | |
| | 570,226 | | | SS&C Technologies Holdings, Inc. | | | 29,172,762 | |
| | 337,491 | | | Total System Services, Inc. | | | 30,762,305 | |
| | 197,218 | | | Workday, Inc. Class A* | | | 26,233,938 | |
| | | | | | | | |
| | | | | | | 409,759,142 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 5.3% | |
| | 376,272 | | | Apple, Inc. | | | 82,350,890 | |
| | 287,967 | | | CDW Corp. | | | 25,919,910 | |
| | 343,881 | | | Motorola Solutions, Inc. | | | 42,146,055 | |
| | 424,761 | | | NetApp, Inc. | | | 33,339,491 | |
| | | | | | | | |
| | | | | | | 183,756,346 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.8% | |
| | 1,110,570 | | | Verizon Communications, Inc. | | | 63,402,441 | |
| | | | | | | | |
| | | | Transportation - 2.1% | |
| | 180,124 | | | FedEx Corp. | | | 39,688,522 | |
| | 197,744 | | | Norfolk Southern Corp. | | | 33,187,376 | |
| | | | | | | | |
| | | | | | | 72,875,898 | |
| | | | | | | | |
| | | | Utilities - 4.9% | |
| | 747,895 | | | American Electric Power Co., Inc. | | | 54,865,577 | |
| | 429,120 | | | NextEra Energy, Inc. | | | 74,023,200 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% - (continued) | |
| | | | Utilities - 4.9% - (continued) | |
| | 483,555 | | | Pinnacle West Capital Corp. | | $ | 39,772,399 | |
| | | | | | | | |
| | | | 168,661,176 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $2,715,954,947) | | $ | 3,327,007,416 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $2,715,954,947) | | $ | 3,327,007,416 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 3.7% | |
| | | | Other Investment Pools & Funds - 3.7% | |
| | 129,695,964 | | | Fidelity Institutional Government Fund,
Institutional Class, 2.07%(1) | | $ | 129,695,964 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $129,695,964) | | $ | 129,695,964 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $2,845,650,911) | | | 99.6 | % | | $ | 3,456,703,380 | |
| | | | Other Assets and Liabilities | | | 0.4 | % | | | 13,130,278 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 3,469,833,658 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Current yield as of period end. |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2018 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Long position contracts: | | | | | | | | | | | | |
S&P 500 (E-Mini) Future | | | 657 | | | | 12/21/2018 | | | $ | 89,059,635 | | | $ | (4,075,762 | ) |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | | | | | | | | | | | | $ | (4,075,762 | ) |
| | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Index Abbreviations: |
S&P | | Standard & Poors |
|
| Other Abbreviations: |
REIT | | Real Estate Investment Trust |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 284,172,846 | | | $ | 284,172,846 | | | $ | — | | | $ | — | |
Capital Goods | | | 215,467,096 | | | | 215,467,096 | | | | — | | | | — | |
Commercial & Professional Services | | | 79,923,751 | | | | 79,923,751 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 94,864,404 | | | | 94,864,404 | | | | — | | | | — | |
Consumer Services | | | 111,787,920 | | | | 111,787,920 | | | | — | | | | — | |
Diversified Financials | | | 74,602,548 | | | | 74,602,548 | | | | — | | | | — | |
Energy | | | 81,352,187 | | | | 81,352,187 | | | | — | | | | — | |
Food & Staples Retailing | | | 121,752,552 | | | | 121,752,552 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 43,729,247 | | | | 43,729,247 | | | | — | | | | — | |
Health Care Equipment & Services | | | 381,942,818 | | | | 381,942,818 | | | | — | | | | — | |
Household & Personal Products | | | 136,439,677 | | | | 136,439,677 | | | | — | | | | — | |
Insurance | | | 124,884,937 | | | | 124,884,937 | | | | — | | | | — | |
Materials | | | 72,630,228 | | | | 72,630,228 | | | | — | | | | — | |
Media & Entertainment | | | 152,913,153 | | | | 152,913,153 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 222,017,600 | | | | 222,017,600 | | | | — | | | | — | |
Real Estate | | | 35,573,449 | | | | 35,573,449 | | | | — | | | | — | |
Retailing | | | 134,168,204 | | | | 134,168,204 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 60,329,796 | | | | 60,329,796 | | | | — | | | | — | |
Software & Services | | | 409,759,142 | | | | 409,759,142 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 183,756,346 | | | | 183,756,346 | | | | — | | | | — | |
Telecommunication Services | | | 63,402,441 | | | | 63,402,441 | | | | — | | | | — | |
Transportation | | | 72,875,898 | | | | 72,875,898 | | | | — | | | | — | |
Utilities | | | 168,661,176 | | | | 168,661,176 | | | | — | | | | — | |
Short-Term Investments | | | 129,695,964 | | | | 129,695,964 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 3,456,703,380 | | | $ | 3,456,703,380 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | | | | | | | | | | | | | | | | |
Futures Contracts(2) | | $ | (4,075,762 | ) | | $ | (4,075,762 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (4,075,762 | ) | | $ | (4,075,762 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Dividend and Growth Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.6% | | | |
| | | | Banks - 10.4% | |
| | 9,845,996 | | | Bank of America Corp. | | $ | 270,764,890 | |
| | 1,058,567 | | | Bank of Nova Scotia | | | 56,855,634 | |
| | 1,390,665 | | | Citigroup, Inc. | | | 91,032,931 | |
| | 2,621,643 | | | JP Morgan Chase & Co. | | | 285,811,520 | |
| | 1,173,225 | | | PNC Financial Services Group, Inc. | | | 150,747,680 | |
| | | | | | | | |
| | | | 855,212,655 | |
| | | | | | | | |
| | | | Capital Goods - 5.3% | |
| | 556,248 | | | Deere & Co. | | | 75,338,229 | |
| | 605,592 | | | Eaton Corp. plc | | | 43,402,779 | |
| | 444,624 | | | General Dynamics Corp. | | | 76,733,210 | |
| | 291,101 | | | Honeywell International, Inc. | | | 42,157,247 | |
| | 2,227,533 | | | Johnson Controls International plc | | | 71,214,230 | |
| | 185,625 | | | Lockheed Martin Corp. | | | 54,545,906 | |
| | 36,167 | | | Resideo Technologies, Inc.* | | | 761,312 | |
| | 599,896 | | | United Technologies Corp. | | | 74,513,082 | |
| | | | | | | | |
| | | | 438,665,995 | |
| | | | | | | | |
| | | | Consumer Services - 0.9% | |
| | 1,024,494 | | | Hilton Worldwide Holdings, Inc. | | | 72,913,238 | |
| | | | | | | | |
| | | | Diversified Financials - 3.0% | |
| | 176,807 | | | BlackRock, Inc. | | | 72,741,936 | |
| | 1,202,061 | | | Intercontinental Exchange, Inc. | | | 92,606,779 | |
| | 849,156 | | | Northern Trust Corp. | | | 79,880,105 | |
| | | | | | | | |
| | | | 245,228,820 | |
| | | | | | | | |
| | | | Energy - 9.0% | |
| | 854,003 | | | BP plc ADR | | | 37,038,110 | |
| | 1,013,651 | | | Canadian Natural Resources Ltd. | | | 27,692,945 | |
| | 1,784,676 | | | Chevron Corp. | | | 199,259,076 | |
| | 1,097,510 | | | ConocoPhillips | | | 76,715,949 | |
| | 1,701,044 | | | Exxon Mobil Corp. | | | 135,539,186 | |
| | 1,791,546 | | | Halliburton Co. | | | 62,130,815 | |
| | 1,927,833 | | | Hess Corp. | | | 110,657,614 | |
| | 2,875,893 | | | Suncor Energy, Inc. | | | 95,795,996 | |
| | | | | | | | |
| | | | 744,829,691 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.9% | |
| | 94,280 | | | Costco Wholesale Corp. | | | 21,555,237 | |
| | 1,015,025 | | | Sysco Corp. | | | 72,401,733 | |
| | 614,558 | | | Walmart, Inc. | | | 61,627,876 | |
| | | | | | | | |
| | | | 155,584,846 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 3.1% | |
| | 1,514,059 | | | Coca-Cola Co. | | | 72,493,145 | |
| | 952,609 | | | PepsiCo., Inc. | | | 107,054,199 | |
| | 874,650 | | | Philip Morris International, Inc. | | | 77,030,426 | |
| | | | | | | | |
| | | | 256,577,770 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 5.2% | |
| | 814,047 | | | Abbott Laboratories | | | 56,120,400 | |
| | 1,276,898 | | | CVS Health Corp. | | | 92,434,646 | |
| | 1,420,319 | | | Medtronic plc | | | 127,573,053 | |
| | 425,026 | | | UnitedHealth Group, Inc. | | | 111,080,545 | |
| | 350,348 | | | Universal Health Services, Inc. Class B | | | 42,588,303 | |
| | | | | | | | |
| | | | 429,796,947 | |
| | | | | | | | |
| | | | Household & Personal Products - 0.6% | |
| | 978,260 | | | Unilever N.V. | | | 52,610,823 | |
| | | | | | | | |
| | | | Insurance - 6.9% | |
| | 1,584,354 | | | American International Group, Inc. | | | 65,417,977 | |
| | 113,963 | | | Brighthouse Financial, Inc.* | | | 4,516,354 | |
| | 1,234,827 | | | Chubb Ltd. | | | 154,242,241 | |
| | 778,295 | | | Marsh & McLennan Cos., Inc. | | | 65,960,501 | |
| | 968,128 | | | MetLife, Inc. | | | 39,877,192 | |
| | 1,507,194 | | | Principal Financial Group, Inc. | | | 70,943,622 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.6% - (continued) | | | |
| | | | Insurance - 6.9% - (continued) | |
| | 1,758,493 | | | Prudential Financial, Inc. | | $ | 164,911,473 | |
| | | | | | | | |
| | | | | | | 565,869,360 | |
| | | | | | | | |
| | | | Materials - 4.6% | |
| | 1,217,719 | | | Ball Corp. | | | 54,553,811 | |
| | 770,149 | | | BHP Billiton plc ADR | | | 30,998,497 | |
| | 460,638 | | | CRH plc ADR | | | 13,717,800 | |
| | 924,531 | | | DowDuPont, Inc. | | | 49,850,711 | |
| | 726,936 | | | FMC Corp. | | | 56,759,163 | |
| | 1,937,688 | | | International Paper Co. | | | 87,893,528 | |
| | 775,656 | | | PPG Industries, Inc. | | | 81,513,689 | |
| | | | | | | | |
| | | | | | | 375,287,199 | |
| | | | | | | | |
| | | | Media & Entertainment - 4.9% | |
| | 189,385 | | | Alphabet, Inc. Class A* | | | 206,539,493 | |
| | 5,087,900 | | | Comcast Corp. Class A | | | 194,052,506 | |
| | | | | | | | |
| | | | | | | 400,591,999 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 9.9% | |
| | 911,556 | | | Agilent Technologies, Inc. | | | 59,059,713 | |
| | 3,763,591 | | | AstraZeneca plc ADR | | | 145,952,059 | |
| | 2,924,344 | | | Bristol-Myers Squibb Co. | | | 147,796,346 | |
| | 926,489 | | | Eli Lilly & Co. | | | 100,468,467 | |
| | 1,837,765 | | | Merck & Co., Inc. | | | 135,277,882 | |
| | 828,547 | | | Novartis AG ADR | | | 72,464,720 | |
| | 3,510,449 | | | Pfizer, Inc. | | | 151,159,934 | |
| | | | | | | | |
| | | | | | | 812,179,121 | |
| | | | | | | | |
| | | | Real Estate - 2.5% | |
| | 526,771 | | | American Tower Corp. REIT | | | 82,076,190 | |
| | 90,885 | | | Essex Property Trust, Inc. REIT | | | 22,792,140 | |
| | 534,396 | | | Simon Property Group, Inc. REIT | | | 98,072,354 | |
| | | | | | | | |
| | | | | | | 202,940,684 | |
| | | | | | | | |
| | | | Retailing - 2.9% | |
| | 428,897 | | | Expedia Group, Inc. | | | 53,796,550 | |
| | 351,344 | | | Home Depot, Inc. | | | 61,794,383 | |
| | 602,913 | | | Lowe’s Cos., Inc. | | | 57,409,376 | |
| | 627,701 | | | TJX Cos., Inc. | | | 68,971,786 | |
| | | | | | | | |
| | | | | | | 241,972,095 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 3.0% | |
| | 3,085,339 | | | Intel Corp. | | | 144,640,692 | |
| | 485,628 | | | KLA-Tencor Corp. | | | 44,454,387 | |
| | 408,947 | | | QUALCOMM, Inc. | | | 25,718,677 | |
| | 327,007 | | | Texas Instruments, Inc. | | | 30,356,060 | |
| | | | | | | | |
| | | | | | | 245,169,816 | |
| | | | | | | | |
| | | | Software & Services - 6.0% | |
| | 322,419 | | | Accenture plc Class A | | | 50,819,683 | |
| | 40,461 | | | Alliance Data Systems Corp. | | | 8,342,249 | |
| | 821,520 | | | DXC Technology Co. | | | 59,831,302 | |
| | 330,130 | | | International Business Machines Corp. | | | 38,106,906 | |
| | 3,165,088 | | | Microsoft Corp. | | | 338,063,049 | |
| | | | | | | | |
| | | | | | | 495,163,189 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 4.7% | |
| | 525,780 | | | Apple, Inc. | | | 115,072,211 | |
| | 2,280,580 | | | Cisco Systems, Inc. | | | 104,336,535 | |
| | 3,292,743 | | | HP, Inc. | | | 79,486,816 | |
| | 686,782 | | | Motorola Solutions, Inc. | | | 84,172,002 | |
| | | | | | | | |
| | | | | | | 383,067,564 | |
| | | | | | | | |
| | | | Telecommunication Services - 3.9% | |
| | 1,544,532 | | | AT&T, Inc. | | | 47,386,242 | |
| | 4,759,328 | | | Verizon Communications, Inc. | | | 271,710,035 | |
| | | | | | | | |
| | | | | | | 319,096,277 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Dividend and Growth Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.6% - (continued) | | | |
| | | | Transportation - 3.0% | |
| | 140,335 | | | Canadian Pacific Railway Ltd. | | $ | 28,768,675 | |
| | 1,010,568 | | | Delta Air Lines, Inc. | | | 55,308,387 | |
| | 612,375 | | | Union Pacific Corp. | | | 89,541,472 | |
| | 718,413 | | | United Parcel Service, Inc. Class B | | | 76,539,721 | |
| | | | | | | | |
| | | | 250,158,255 | |
| | | | | | | | |
| | | | Utilities - 4.9% | |
| | 1,535,243 | | | Dominion Energy, Inc. | | | 109,647,055 | |
| | 1,167,250 | | | Edison International | | | 80,995,477 | |
| | 1,882,618 | | | Exelon Corp. | | | 82,477,495 | |
| | 766,338 | | | NextEra Energy, Inc. | | | 132,193,305 | |
| | | | | | | | |
| | | | 405,313,332 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $6,043,157,417) | | $ | 7,948,229,676 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $6,043,157,417) | | $ | 7,948,229,676 | |
| | | | | | | | |
| |
| SHORT-TERM INVESTMENTS - 3.3% | | | |
| | | | Other Investment Pools & Funds - 3.3% | |
| | 276,973,264 | | | BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.07%(1) | | $ | 276,973,264 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $276,973,264) | | $ | 276,973,264 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $6,320,130,681) | | | 99.9 | % | | $ | 8,225,202,940 | |
| | | | Other Assets and Liabilities | | | 0.1 | % | | | 5,704,774 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 8,230,907,714 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Banks | | $ | 855,212,655 | | | $ | 855,212,655 | | | $ | — | | | $ | — | |
Capital Goods | | | 438,665,995 | | | | 438,665,995 | | | | — | | | | — | |
Consumer Services | | | 72,913,238 | | | | 72,913,238 | | | | — | | | | — | |
Diversified Financials | | | 245,228,820 | | | | 245,228,820 | | | | — | | | | — | |
Energy | | | 744,829,691 | | | | 744,829,691 | | | | — | | | | — | |
Food & Staples Retailing | | | 155,584,846 | | | | 155,584,846 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 256,577,770 | | | | 256,577,770 | | | | — | | | | — | |
Health Care Equipment & Services | | | 429,796,947 | | | | 429,796,947 | | | | — | | | | — | |
Household & Personal Products | | | 52,610,823 | | | | 52,610,823 | | | | — | | | | — | |
Insurance | | | 565,869,360 | | | | 565,869,360 | | | | — | | | | — | |
Materials | | | 375,287,199 | | | | 375,287,199 | | | | — | | | | — | |
Media & Entertainment | | | 400,591,999 | | | | 400,591,999 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 812,179,121 | | | | 812,179,121 | | | | — | | | | — | |
Real Estate | | | 202,940,684 | | | | 202,940,684 | | | | — | | | | — | |
Retailing | | | 241,972,095 | | | | 241,972,095 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 245,169,816 | | | | 245,169,816 | | | | — | | | | — | |
Software & Services | | | 495,163,189 | | | | 495,163,189 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 383,067,564 | | | | 383,067,564 | | | | — | | | | — | |
Telecommunication Services | | | 319,096,277 | | | | 319,096,277 | | | | — | | | | — | |
Transportation | | | 250,158,255 | | | | 250,158,255 | | | | — | | | | — | |
Utilities | | | 405,313,332 | | | | 405,313,332 | | | | — | | | | — | |
Short-Term Investments | | | 276,973,264 | | | | 276,973,264 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 8,225,202,940 | | | $ | 8,225,202,940 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Equity Income Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.1% | |
| | | | Automobiles & Components - 0.4% | | | |
| | 166,204 | | | Cie Generale des Etablissements Michelin SCA | | $ | 17,015,056 | |
| | | | | | | | |
| | | | Banks - 13.0% | | | |
| | 894,410 | | | BB&T Corp. | | | 43,969,196 | |
| | 1,625,820 | | | JP Morgan Chase & Co. | | | 177,246,896 | |
| | 451,354 | | | M&T Bank Corp. | | | 74,658,465 | |
| | 882,253 | | | PNC Financial Services Group, Inc. | | | 113,360,688 | |
| | 934,113 | | | US Bancorp | | | 48,826,087 | |
| | 1,488,314 | | | Wells Fargo & Co. | | | 79,222,954 | |
| | | | | | | | |
| | | | | | | 537,284,286 | |
| | | | | | | | |
| | | | Capital Goods - 8.1% | | | |
| | 152,119 | | | 3M Co. | | | 28,942,161 | |
| | 5,508,954 | | | BAE Systems plc | | | 36,939,109 | |
| | 350,788 | | | Caterpillar, Inc. | | | 42,557,600 | |
| | 295,892 | | | Deere & Co. | | | 40,075,613 | |
| | 787,996 | | | Eaton Corp. plc | | | 56,475,673 | |
| | 326,783 | | | Honeywell International, Inc. | | | 47,324,714 | |
| | 186,505 | | | Lockheed Martin Corp. | | | 54,804,494 | |
| | 30,664 | | | Resideo Technologies, Inc.* | | | 645,474 | |
| | 236,087 | | | United Technologies Corp. | | | 29,324,366 | |
| | | | | | | | |
| | | | | | | 337,089,204 | |
| | | | | | | | |
| | | | Diversified Financials - 0.6% | | | |
| | 40,644 | | | BlackRock, Inc. | | | 16,721,754 | |
| | 302,441 | | | Invesco Ltd. | | | 6,565,994 | |
| | | | | | | | |
| | | | | | | 23,287,748 | |
| | | | | | | | |
| | | | Energy - 11.7% | | | |
| | 1,445,649 | | | Canadian Natural Resources Ltd. | | | 39,495,131 | |
| | 900,081 | | | Chevron Corp. | | | 100,494,044 | |
| | 901,388 | | | Exxon Mobil Corp. | | | 71,822,596 | |
| | 2,497,757 | | | Kinder Morgan, Inc. | | | 42,511,824 | |
| | 496,521 | | | Occidental Petroleum Corp. | | | 33,301,663 | |
| | 223,279 | | | Phillips 66 | | | 22,957,547 | |
| | 573,406 | | | Schlumberger Ltd. | | | 29,421,462 | |
| | 2,954,148 | | | Suncor Energy, Inc. | | | 98,402,670 | |
| | 1,246,520 | | | TransCanada Corp. | | | 47,003,116 | |
| | | | | | | | |
| | | | | | | 485,410,053 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.6% | | | |
| | 527,865 | | | Sysco Corp. | | | 37,652,610 | |
| | 294,941 | | | Walmart, Inc. | | | 29,576,684 | |
| | | | | | | | |
| | | | | | | 67,229,294 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 6.4% | | | |
| | 752,420 | | | British American Tobacco plc | | | 32,617,607 | |
| | 742,033 | | | Kraft Heinz Co. | | | 40,789,554 | |
| | 991,279 | | | Mondelez International, Inc. Class A | | | 41,613,892 | |
| | 323,357 | | | Nestle S.A. | | | 27,298,795 | |
| | 312,257 | | | PepsiCo., Inc. | | | 35,091,442 | |
| | 1,006,174 | | | Philip Morris International, Inc. | | | 88,613,744 | |
| | | | | | | | |
| | | | | | | 266,025,034 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 3.0% | | | |
| | 1,162,554 | | | Koninklijke Philips N.V. | | | 43,358,422 | |
| | 887,643 | | | Medtronic plc | | | 79,728,094 | |
| | | | | | | | |
| | | | | | | 123,086,516 | |
| | | | | | | | |
| | | | Household & Personal Products - 1.9% | |
| | 1,478,622 | | | Unilever N.V. | | | 79,520,291 | |
| | | | | | | | |
| | | | Insurance - 7.4% | |
| | 765,524 | | | American International Group, Inc. | | | 31,608,486 | |
| | 600,417 | | | Chubb Ltd. | | | 74,998,087 | |
| | 770,435 | | | Marsh & McLennan Cos., Inc. | | | 65,294,366 | |
| | 1,719,864 | | | MetLife, Inc. | | | 70,841,198 | |
| | 649,251 | | | Principal Financial Group, Inc. | | | 30,560,245 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.1% - (continued) | |
| | | | Insurance - 7.4% - (continued) | |
| | 265,461 | | | Travelers Cos., Inc. | | $ | 33,217,135 | |
| | | | | | | | |
| | | | | | | 306,519,517 | |
| | | | | | | | |
| | | | Materials - 3.1% | |
| | 1,224,674 | | | DowDuPont, Inc. | | | 66,034,422 | |
| | 473,381 | | | International Paper Co. | | | 21,472,562 | |
| | 777,103 | | | Nutrien Ltd. | | | 41,132,062 | |
| | | | | | | | |
| | | | | | | 128,639,046 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.2% | |
| | 2,393,377 | | | Comcast Corp. Class A | | | 91,283,399 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 14.0% | |
| | 127,659 | | | Amgen, Inc. | | | 24,611,379 | |
| | 934,948 | | | Bristol-Myers Squibb Co. | | | 47,252,272 | |
| | 952,899 | | | Eli Lilly & Co. | | | 103,332,367 | |
| | 772,209 | | | Johnson & Johnson | | | 108,101,538 | |
| | 1,148,676 | | | Merck & Co., Inc. | | | 84,554,040 | |
| | 629,002 | | | Novartis AG | | | 55,083,149 | |
| | 2,658,980 | | | Pfizer, Inc. | | | 114,495,679 | |
| | 182,389 | | | Roche Holding AG | | | 44,386,627 | |
| | | | | | | | |
| | | | | | | 581,817,051 | |
| | | | | | | | |
| | | | Real Estate - 1.6% | |
| | 588,787 | | | Crown Castle International Corp. REIT | | | 64,024,698 | |
| | | | | | | | |
| | | | Retailing - 0.9% | |
| | 210,893 | | | Home Depot, Inc. | | | 37,091,861 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 5.5% | |
| | 891,118 | | | Analog Devices, Inc. | | | 74,595,488 | |
| | 37,233 | | | Broadcom, Inc. | | | 8,321,203 | |
| | 1,528,919 | | | Intel Corp. | | | 71,675,723 | |
| | 693,549 | | | Maxim Integrated Products, Inc. | | | 34,691,321 | |
| | 605,694 | | | QUALCOMM, Inc. | | | 38,092,095 | |
| | | | | | | | |
| | | | | | | 227,375,830 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 3.0% | |
| | 2,672,889 | | | Cisco Systems, Inc. | | | 122,284,672 | |
| | | | | | | | |
| | | | Telecommunication Services - 4.1% | |
| | 904,850 | | | BCE, Inc. | | | 35,020,022 | |
| | 2,370,491 | | | Verizon Communications, Inc. | | | 135,331,331 | |
| | | | | | | | |
| | | | | | | 170,351,353 | |
| | | | | | | | |
| | | | Transportation - 1.6% | |
| | 460,809 | | | Union Pacific Corp. | | | 67,379,492 | |
| | | | | | | | |
| | | | Utilities - 8.0% | |
| | 653,935 | | | American Electric Power Co., Inc. | | | 47,972,672 | |
| | 720,415 | | | Dominion Energy, Inc. | | | 51,452,039 | |
| | 302,042 | | | Duke Energy Corp. | | | 24,957,730 | |
| | 244,575 | | | Edison International | | | 16,971,059 | |
| | 757,287 | | | Eversource Energy | | | 47,905,976 | |
| | 344,848 | | | NextEra Energy, Inc. | | | 59,486,280 | |
| | 430,455 | | | Sempra Energy | | | 47,401,705 | |
| | 729,436 | | | Xcel Energy, Inc. | | | 35,749,658 | |
| | | | | | | | |
| | | | 331,897,119 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $3,361,916,581) | | $ | 4,064,611,520 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $3,361,916,581) | | $ | 4,064,611,520 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Equity Income Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 1.9% | |
| | | | Other Investment Pools & Funds - 1.9% | |
| | 77,817,821 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(1) | | $ | 77,817,821 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $77,817,821) | | $ | 77,817,821 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $3,439,734,402) | | | 100.0 | % | | $ | 4,142,429,341 | |
| | | | Other Assets and Liabilities | | | 0.0 | % | | | 965,689 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 4,143,395,030 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 17,015,056 | | | $ | — | | | $ | 17,015,056 | | | $ | — | |
Banks | | | 537,284,286 | | | | 537,284,286 | | | | — | | | | — | |
Capital Goods | | | 337,089,204 | | | | 300,150,095 | | | | 36,939,109 | | | | — | |
Diversified Financials | | | 23,287,748 | | | | 23,287,748 | | | | — | | | | — | |
Energy | | | 485,410,053 | | | | 485,410,053 | | | | — | | | | — | |
Food & Staples Retailing | | | 67,229,294 | | | | 67,229,294 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 266,025,034 | | | | 206,108,632 | | | | 59,916,402 | | | | — | |
Health Care Equipment & Services | | | 123,086,516 | | | | 79,728,094 | | | | 43,358,422 | | | | — | |
Household & Personal Products | | | 79,520,291 | | | | 79,520,291 | | | | — | | | | — | |
Insurance | | | 306,519,517 | | | | 306,519,517 | | | | — | | | | — | |
Materials | | | 128,639,046 | | | | 128,639,046 | | | | — | �� | | | — | |
Media & Entertainment | | | 91,283,399 | | | | 91,283,399 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 581,817,051 | | | | 482,347,275 | | | | 99,469,776 | | | | — | |
Real Estate | | | 64,024,698 | | | | 64,024,698 | | | | — | | | | — | |
Retailing | | | 37,091,861 | | | | 37,091,861 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 227,375,830 | | | | 227,375,830 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 122,284,672 | | | | 122,284,672 | | | | — | | | | — | |
Telecommunication Services | | | 170,351,353 | | | | 170,351,353 | | | | — | | | | — | |
Transportation | | | 67,379,492 | | | | 67,379,492 | | | | — | | | | — | |
Utilities | | | 331,897,119 | | | | 331,897,119 | | | | — | | | | — | |
Short-Term Investments | | | 77,817,821 | | | | 77,817,821 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 4,142,429,341 | | | $ | 3,885,730,576 | | | $ | 256,698,765 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% | |
| | | | Automobiles & Components - 1.0% | |
| | 388,120 | | | Ferrari N.V.(1) | | $ | 45,452,733 | |
| | | | | | | | |
| | | | Capital Goods - 4.1% | |
| | 385,179 | | | Harris Corp. | | | 57,279,969 | |
| | 345,668 | | | IDEX Corp. | | | 43,837,616 | |
| | 175,027 | | | Roper Technologies, Inc. | | | 49,515,138 | |
| | 2,743,786 | | | Willscot Corp.*(1) | | | 40,717,784 | |
| | | | | | | | |
| | | | | | | 191,350,507 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 3.1% | |
| | 6,543,259 | | | ADT, Inc.(1) | | | 50,644,824 | |
| | 206,114 | | | CoStar Group, Inc.* | | | 74,493,722 | |
| | 63,425 | | | Klarna Holding AB*(2)(3)(4) | | | 7,949,654 | |
| | 1,275,596 | | | Landscape Acquisition Holdings Ltd.* | | | 11,225,245 | |
| | | | | | | | |
| | | | | | | 144,313,445 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 2.4% | |
| | 472,788 | | | Polaris Industries, Inc. | | | 42,068,676 | |
| | 1,286,920 | | | Under Armour, Inc. Class A* | | | 28,453,801 | |
| | 2,086,665 | | | Under Armour, Inc. Class C*(1) | | | 41,378,567 | |
| | | | | | | | |
| | | | | | | 111,901,044 | |
| | | | | | | | |
| | | | Consumer Services - 3.4% | |
| | 4,858,252 | | | DraftKings, Inc.*(2)(3)(4) | | | 12,386,405 | |
| | 483,537 | | | Grand Canyon Education, Inc.* | | | 60,297,064 | |
| | 594,694 | | | Marriott Vacations Worldwide Corp. | | | 52,624,472 | |
| | 127,320 | | | Vail Resorts, Inc. | | | 31,998,062 | |
| | | | | | | | |
| | | | | | | 157,306,003 | |
| | | | | | | | |
| | | | Diversified Financials - 4.7% | |
| | 1,075,656 | | | American Express Co. | | | 110,502,141 | |
| | 3,347,779 | | | J2 Acquisition Ltd.*(5) | | | 30,297,400 | |
| | 1,500,000 | | | Platinum Eagle Acquisition Corp.* | | | 15,360,000 | |
| | 1,290,045 | | | TD Ameritrade Holding Corp. | | | 66,721,127 | |
| | | | | | | | |
| | | | | | | 222,880,668 | |
| | | | | | | | |
| | | | Energy - 2.2% | |
| | 319,897 | | | Concho Resources, Inc.* | | | 44,494,474 | |
| | 361,814 | | | Diamondback Energy, Inc. | | | 40,653,421 | |
| | 1,165,501 | | | WPX Energy, Inc.* | | | 18,694,636 | |
| | | | | | | | |
| | | | | | | 103,842,531 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 3.8% | |
| | 1,089,938 | | | Lamb Weston Holdings, Inc. | | | 85,189,554 | |
| | 1,748,706 | | | Monster Beverage Corp.* | | | 92,419,112 | |
| | | | | | | | |
| | | | | | | 177,608,666 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 12.5% | |
| | 332,596 | | | Align Technology, Inc.* | | | 73,570,235 | |
| | 1,314,201 | | | Baxter International, Inc. | | | 82,150,705 | |
| | 395,008 | | | DexCom, Inc.* | | | 52,445,212 | |
| | 664,279 | | | Edwards Lifesciences Corp.* | | | 98,047,580 | |
| | 651,081 | | | Haemonetics Corp.* | | | 68,018,432 | |
| | 920,450 | | | Insulet Corp.* | | | 81,192,895 | |
| | 494,085 | | | Penumbra, Inc.* | | | 67,195,560 | |
| | 701,543 | | | Veeva Systems, Inc. Class A* | | | 64,085,953 | |
| | | | | | | | |
| | | | | | | 586,706,572 | |
| | | | | | | | |
| | | | Materials - 1.0% | |
| | 473,246 | | | Vulcan Materials Co. | | | 47,864,101 | |
| | | | | | | | |
| | | | Media & Entertainment - 9.7% | |
| | 22,378 | | | Alphabet, Inc. Class C* | | | 24,095,959 | |
| | 496,363 | | | Netflix, Inc.* | | | 149,792,426 | |
| | 2,063,598 | | | Ocean Outdoor Ltd.*(2)(4)(5) | | | 19,758,951 | |
| | 606,001 | | | Spotify Technology S.A.* | | | 90,712,290 | |
| | 1,073,001 | | | TripAdvisor, Inc.* | | | 55,946,272 | |
| | 993,767 | | | Walt Disney Co. | | | 114,114,265 | |
| | | | | | | | |
| | | | | | | 454,420,163 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 5.7% | |
| | 1,542,858 | | | AstraZeneca plc ADR | | $ | 59,832,033 | |
| | 126,642 | | | Bluebird Bio, Inc.* | | | 14,525,838 | |
| | 96,500 | | | Elanco Animal Health, Inc.* | | | 2,941,320 | |
| | 1,214,961 | | | Exact Sciences Corp.* | | | 86,322,979 | |
| | 296,222 | | | Galapagos N.V.* | | | 30,433,335 | |
| | 39,647 | | | Galapagos N.V. ADR* | | | 4,072,936 | |
| | 583,846 | | | Novartis AG | | | 51,128,735 | |
| | 337,590 | | | Seattle Genetics, Inc.* | | | 18,948,927 | |
| | | | | | | | |
| | | | | | | 268,206,103 | |
| | | | | | | | |
| | | | Real Estate - 1.0% | |
| | 413,234 | | | Crown Castle International Corp. REIT | | | 44,935,065 | |
| | 29,564 | | | WeWork Companies, Inc. Class A, REIT*(2)(3)(4) | | | 1,845,385 | |
| | | | | | | | |
| | | | | | | 46,780,450 | |
| | | | | | | | |
| | | | Retailing - 9.8% | |
| | 212,414 | | | Amazon.com, Inc.* | | | 339,439,696 | |
| | 1,639,291 | | | Floor & Decor Holdings, Inc. Class A* | | | 41,933,064 | |
| | 123,196 | | | JAND, Inc. Class A*(2)(3)(4) | | | 1,686,553 | |
| | 171,581 | | | Tory Burch LLC*(2)(3)(4) | | | 8,683,713 | |
| | 631,286 | | | Wayfair, Inc. Class A* | | | 69,624,533 | |
| | | | | | | | |
| | | | | | | 461,367,559 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 3.0% | |
| | 2,471,052 | | | Advanced Micro Devices, Inc.* | | | 44,997,857 | |
| | 2,006,281 | | | Teradyne, Inc. | | | 69,116,380 | |
| | 201,248 | | | Universal Display Corp.(1) | | | 24,755,517 | |
| | | | | | | | |
| | | | | | | 138,869,754 | |
| | | | | | | | |
| | | | Software & Services - 24.0% | |
| | 901,106 | | | 2U, Inc.* | | | 56,688,578 | |
| | 278,667 | | | Adobe, Inc.* | | | 68,485,202 | |
| | 615,227 | | | Autodesk, Inc.* | | | 79,518,090 | |
| | 243,160 | | | Fair Isaac Corp.* | | | 46,859,364 | |
| | 231,451 | | | FleetCor Technologies, Inc.* | | | 46,297,143 | |
| | 804,917 | | | GoDaddy, Inc. Class A* | | | 58,895,777 | |
| | 1,098,775 | | | Guidewire Software, Inc.* | | | 97,758,012 | |
| | 1,068,614 | | | PayPal Holdings, Inc.* | | | 89,966,613 | |
| | 879,115 | | | salesforce.com, Inc.* | | | 120,649,742 | |
| | 541,325 | | | ServiceNow, Inc.* | | | 98,001,478 | |
| | 631,247 | | | Shopify, Inc. Class A* | | | 87,206,773 | |
| | 1,549,650 | | | SS&C Technologies Holdings, Inc. | | | 79,280,094 | |
| | 771,179 | | | Wix.com Ltd.* | | | 75,074,276 | |
| | 745,409 | | | Workday, Inc. Class A* | | | 99,154,305 | |
| | 1,183,540 | | | Zuora, Inc. Class A*(1) | | | 24,167,887 | |
| | | | | | | | |
| | | | | | | 1,128,003,334 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.0% | |
| | 1,035,546 | | | Logitech International S.A. | | | 38,340,348 | |
| | 347,722 | | | Zebra Technologies Corp. Class A* | | | 57,826,169 | |
| | | | | | | | |
| | | | | | | 96,166,517 | |
| | | | | | | | |
| | | | Transportation - 1.6% | |
| | 1,111,498 | | | CSX Corp. | | | 76,537,752 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $4,267,981,135) | | $ | 4,459,577,902 | |
| | | | | | | | |
|
| PREFERRED STOCKS - 4.2% | |
| | | | Commercial & Professional Services - 0.3% | |
| | 470,535 | | | Rubicon Global Holdings LLC
Series C*(2)(3)(4) | | $ | 14,116,050 | |
| | | | | | | | |
| | | | Real Estate - 0.9% | |
| | 404,267 | | | WeWork Companies, Inc. Class D-1*(2)(3)(4) | | | 25,234,346 | |
| | 317,638 | | | WeWork Companies, Inc. Class D-2*(2)(3)(4) | | | 19,826,964 | |
| | | | | | | | |
| | | | | | | 45,061,310 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| PREFERRED STOCKS - 4.2% - (continued) | |
| | | | Retailing - 0.5% | |
| | 4,434,460 | | | Coupang LLC*(2)(3)(4) | | $ | 18,713,421 | |
| | 275,096 | | | JAND, Inc. Series D*(2)(3)(4) | | | 3,851,344 | |
| | | | | | | | |
| | | | | | | 22,564,765 | |
| | | | | | | | |
| | | | Software & Services - 2.5% | |
| | 5,668,755 | | | Essence Group Holdings Corp.
Series 3*(2)(3)(4) | | | 13,661,700 | |
| | 743,470 | | | Lookout, Inc. Series F*(2)(3)(4) | | | 5,873,413 | |
| | 1,078,374 | | | MarkLogic Corp. Series F*(2)(3)(4) | | | 10,762,173 | |
| | 1,410,890 | | | Pinterest, Inc. Series G*(2)(3)(4) | | | 7,477,717 | |
| | 1,815,430 | | | Uber Technologies, Inc. Series D*(2)(3)(4) | | | 78,880,433 | |
| | | | | | | | |
| | | | | | | 116,655,436 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $106,650,191) | | $ | 198,397,561 | |
| | | | | | | | |
|
| CONVERTIBLE PREFERRED STOCKS - 0.2% | |
| | | | Retailing - 0.2% | |
| | 272,032 | | | Honest Co., Inc. Series C*(2)(3)(4) | | $ | 8,324,179 | |
| | | | | | | | |
| | |
| | | | Total Convertible Preferred Stocks
(cost $7,360,452) | | $ | 8,324,179 | |
| | | | | | | | |
|
| ESCROWS - 0.0%(7) | |
| | | | Capital Goods - 0.0% | |
| | 4,106,956 | | | Lithium Technology Corp.*(2)(3)(4) | | $ | 41,070 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 0.0% | |
| | 923,832 | | | One Kings Lane, Inc.*(2)(3)(4) | | | 166,290 | |
| | | | | | | | |
| | | | Software & Services - 0.0% | |
| | 1,526,069 | | | Birst Earn Out*(2)(3)(4) | | | — | |
| | 1,526,069 | | | Birst, Inc.*(2)(3)(4) | | | 79,357 | |
| | 566,228 | | | Veracode, Inc.*(2)(3)(4) | | | 308,028 | |
| | | | | | | | |
| | | | | | | 387,385 | |
| | | | | | | | |
| | | | Telecommunication Services - 0.0% | |
| | 132,381 | | | Docusign, Inc.*(2)(3)(4) | | | 297,857 | |
| | | | | | | | |
| | |
| | | | Total Escrows
(cost $—) | | $ | 892,602 | |
| | | | | | | | |
|
| WARRANTS - 0.1% | |
| | | | Capital Goods - 0.1% | |
| | 1,928,514 | | | Williams Corp. Expires 9/16/20* | | $ | 4,493,438 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 0.0% | |
| | 1,609,100 | | | Landscape Acquisition Holdings Ltd. Expires 11/23/22* | | | 482,730 | |
| | | | | | | | |
| | | | Diversified Financials - 0.0% | |
| | 3,702,800 | | | J2 Acquisition Ltd. Expires 9/7/27* | | | 1,666,260 | |
| | | | | | | | |
| | |
| | | | Total Warrants
(cost $1,730,926) | | $ | 6,642,428 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $4,383,722,704) | | $ | 4,673,834,672 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 1.4% | |
| | | | Other Investment Pools & Funds - 0.3% | |
| | 15,535,619 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(6) | | $ | 15,535,619 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.1% | |
| | 2,531,992 | | | Citibank NA DDCA, 2.19%, 11/1/2018(6) | | | 2,531,992 | |
| | 19,607,468 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(6) | | | 19,607,468 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| SHORT-TERM INVESTMENTS - 1.4% - (continued) | |
| | | | Securities Lending Collateral - 1.1% - (continued) | |
| | 5,762,730 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(6) | | $ | 5,762,730 | |
| | 13,988,319 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(6) | | | 13,988,319 | |
| | 2,676,837 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(6) | | | 2,676,837 | |
| | 6,072,497 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(6) | | | 6,072,497 | |
| | | | | | | | |
| | | | | | | 50,639,843 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $66,175,462) | | $ | 66,175,462 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $4,449,898,166) | | | 100.9 | % | | $ | 4,740,010,134 | |
| | | | Other Assets and Liabilities | | | (0.9 | )% | | | (43,026,086 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 4,696,984,048 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Investment valued using significant unobservable inputs. |
| (3) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $240,166,052 or 5.1% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 03/2015 | | | Birst Earn Out | | | 1,526,069 | | | $ | — | | | $ | — | |
| | 03/2015 | | | Birst, Inc. | | | 1,526,069 | | | | — | | | | 79,357 | |
| | 11/2014 | | | Coupang LLC Preferred | | | 4,434,460 | | | | 13,805,010 | | | | 18,713,421 | |
| | 05/2018 | | | Docusign, Inc. | | | 132,381 | | | | — | | | | 297,857 | |
| | 02/2014 | | | DraftKings, Inc. | | | 4,858,252 | | | | 7,040,846 | | | | 12,386,405 | |
| | 05/2014 | | | Essence Group Holdings Corp. Series 3 Preferred | | | 5,668,755 | | | | 8,964,002 | | | | 13,661,700 | |
| | 08/2014 | | | Honest Co., Inc. Series C Convertible Preferred | | | 272,032 | | | | 7,360,452 | | | | 8,324,179 | |
| | 04/2015 | | | JAND, Inc. Class A | | | 123,196 | | | | 1,414,943 | | | | 1,686,553 | |
| | 04/2015 | | | JAND, Inc. Series D Preferred | | | 275,096 | | | | 3,159,560 | | | | 3,851,344 | |
| | 08/2015 | | | Klarna Holding AB | | | 63,425 | | | | 6,956,488 | | | | 7,949,654 | |
| | 08/2013 | | | Lithium Technology Corp. | | | 4,106,956 | | | | — | | | | 41,070 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 07/2014 | | | Lookout, Inc. Series F Preferred | | | 743,470 | | | $ | 8,492,732 | | | $ | 5,873,413 | |
| | 04/2015 | | | MarkLogic Corp. Series F Preferred | | | 1,078,374 | | | | 12,524,451 | | | | 10,762,173 | |
| | 08/2014 | | | One Kings Lane, Inc. | | | 923,832 | | | | — | | | | 166,290 | |
| | 03/2015 | | | Pinterest, Inc. Series G Preferred | | | 1,410,890 | | | | 10,128,909 | | | | 7,477,717 | |
| | 09/2015 | | | Rubicon Global Holdings LLC Series C Preferred | | | 470,535 | | | | 9,392,114 | | | | 14,116,050 | |
| | 11/2013 | | | Tory Burch LLC | | | 171,581 | | | | 13,447,917 | | | | 8,683,713 | |
| | 06/2014 | | | Uber Technologies, Inc. Series D Preferred | | | 1,815,430 | | | | 28,162,857 | | | | 78,880,433 | |
| | 08/2014 | | | Veracode, Inc. | | | 566,228 | | | | — | | | | 308,028 | |
| | 12/2014 | | | WeWork Companies, Inc. Class A | | | 29,564 | | | | 492,275 | | | | 1,845,385 | |
| | 12/2014 | | | WeWork Companies, Inc. Class D-1 Preferred | | | 404,267 | | | | 6,731,515 | | | | 25,234,346 | |
| | 12/2014 | | | WeWork Companies, Inc. Class D-2 Preferred | | | 317,638 | | | | 5,289,041 | | | | 19,826,964 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | $ | 143,363,112 | | | $ | 240,166,052 | |
| | | | | | | | | | | | | | | | |
| (4) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2018, the aggregate fair value of these securities was $259,925,003, which represents 5.5% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (5) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $50,056,351, representing 1.1% of net assets. |
| (6) | Current yield as of period end. |
| (7) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 45,452,733 | | | $ | 45,452,733 | | | $ | — | | | $ | — | |
Capital Goods | | | 191,350,507 | | | | 191,350,507 | | | | — | | | | — | |
Commercial & Professional Services | | | 144,313,445 | | | | 136,363,791 | | | | — | | | | 7,949,654 | |
Consumer Durables & Apparel | | | 111,901,044 | | | | 111,901,044 | | | | — | | | | — | |
Consumer Services | | | 157,306,003 | | | | 144,919,598 | | | | — | | | | 12,386,405 | |
Diversified Financials | | | 222,880,668 | | | | 222,880,668 | | | | — | | | | — | |
Energy | | | 103,842,531 | | | | 103,842,531 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 177,608,666 | | | | 177,608,666 | | | | — | | | | — | |
Health Care Equipment & Services | | | 586,706,572 | | | | 586,706,572 | | | | — | | | | — | |
Materials | | | 47,864,101 | | | | 47,864,101 | | | | — | | | | — | |
Media & Entertainment | | | 454,420,163 | | | | 434,661,212 | | | | — | | | | 19,758,951 | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 268,206,103 | | | | 186,644,033 | | | | 81,562,070 | | | | — | |
Real Estate | | | 46,780,450 | | | | 44,935,065 | | | | — | | | | 1,845,385 | |
Retailing | | | 461,367,559 | | | | 450,997,293 | | | | — | | | | 10,370,266 | |
Semiconductors & Semiconductor Equipment | | | 138,869,754 | | | | 138,869,754 | | | | — | | | | — | |
Software & Services | | | 1,128,003,334 | | | | 1,128,003,334 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 96,166,517 | | | | 57,826,169 | | | | 38,340,348 | | | | — | |
Transportation | | | 76,537,752 | | | | 76,537,752 | | | | — | | | | — | |
Preferred Stocks | | | 198,397,561 | | | | — | | | | — | | | | 198,397,561 | |
Convertible Preferred Stocks | | | 8,324,179 | | | | — | | | | — | | | | 8,324,179 | |
Escrows | | | 892,602 | | | | — | | | | — | | | | 892,602 | |
Warrants | | | 6,642,428 | | | | 6,642,428 | | | | — | | | | — | |
Short-Term Investments | | | 66,175,462 | | | | 66,175,462 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 4,740,010,134 | | | $ | 4,360,182,713 | | | $ | 119,902,418 | | | $ | 259,925,003 | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, investments valued at $15,167,450 were transferred into Level 3 due to the unavailability of active market pricing and investments valued at $30,611,336 were transferred out of Level 3 due to the expiration of trading restrictions. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2018:
| | | | | | | | | | | | | | | | | | | | |
| | | Common
Stocks | | | Convertible
Preferred
Stocks | | | Escrows | | | Preferred
Stocks | | | Total | |
Beginning balance | | $ | 45,874,568 | | | $ | 8,302,417 | | | $ | — | | | $ | 254,192,119 | | | $ | 308,369,104 | |
Conversions* | | | (4,152,445 | ) | | | — | | | | 4,152,445 | | | | — | | | | — | |
Purchases | | | 5,174,467 | | | | — | | | | — | | | | — | | | | 5,174,467 | |
Sales | | | (3,978,379 | ) | | | — | | | | — | | | | (27,769,268 | ) | | | (31,747,647 | ) |
Accrued discounts/(premiums) | | | — | | | | — | | | | — | | | | — | | | | — | |
Total realized gain/(loss) | | | (38,243 | ) | | | — | | | | (13,281,930 | ) | | | 11,767,514 | | | | (1,552,659 | ) |
Net change in unrealized appreciation/depreciation | | | 4,699,973 | | | | 21,762 | | | | 10,022,087 | | | | (19,618,198 | ) | | | (4,874,376 | ) |
Transfers into Level 3 | | | 15,167,450 | | | | — | | | | — | | | | — | | | | 15,167,450 | |
Transfers out of Level 3 | | | (10,436,730 | ) | | | — | | | | — | | | | (20,174,606 | ) | | | (30,611,336 | ) |
| | | | | | | | | | | | | | | | | | | | |
Ending balance | | $ | 52,310,661 | | | $ | 8,324,179 | | | $ | 892,602 | | | $ | 198,397,561 | | | $ | 259,925,003 | |
| | | | | | | | | | | | | | | | | | | | |
The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at October 31, 2018 was $(3,178,969).
| * | Private Equity securities that were common stocks are now escrows. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Healthcare Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.8% | | | |
| | | | Biotechnology - 23.2% | | | |
| | 838,179 | | | Aduro Biotech, Inc.* | | $ | 3,553,879 | |
| | 127,652 | | | Aimmune Therapeutics, Inc.* | | | 3,392,990 | |
| | 309,005 | | | Alder Biopharmaceuticals, Inc.* | | | 3,924,364 | |
| | 529,406 | | | Alkermes plc* | | | 21,615,647 | |
| | 143,415 | | | Alnylam Pharmaceuticals, Inc.* | | | 11,534,868 | |
| | 163,928 | | | Arena Pharmaceuticals, Inc.* | | | 5,845,672 | |
| | 233,535 | | | Audentes Therapeutics, Inc.* | | | 6,585,687 | |
| | 63,042 | | | Biogen, Inc.* | | | 19,181,789 | |
| | 128,407 | | | Bluebird Bio, Inc.* | | | 14,728,283 | |
| | 258,913 | | | Calithera Biosciences, Inc.* | | | 1,222,069 | |
| | 40,298 | | | Celgene Corp.* | | | 2,885,337 | |
| | 392,788 | | | Clementia Pharmaceuticals, Inc.*(1) | | | 5,106,244 | |
| | 928,526 | | | Coherus Biosciences, Inc.* | | | 10,854,469 | |
| | 481,248 | | | Cytokinetics, Inc.* | | | 3,219,549 | |
| | 334,000 | | | Forty Seven, Inc.* | | | 4,121,560 | |
| | 282,384 | | | G1 Therapeutics, Inc.* | | | 11,298,184 | |
| | 78,512 | | | Galapagos N.V.* | | | 8,066,187 | |
| | 71,190 | | | Genmab A/S* | | | 9,741,211 | |
| | 254,319 | | | Global Blood Therapeutics, Inc.*(1) | | | 8,924,054 | |
| | 523,249 | | | GlycoMimetics, Inc.* | | | 6,582,472 | |
| | 237,366 | | | Heron Therapeutics, Inc.* | | | 6,589,280 | |
| | 126,438 | | | Incyte Corp.* | | | 8,195,711 | |
| | 85,652 | | | Innate Pharma S.A.*(1) | | | 716,437 | |
| | 460,233 | | | Ironwood Pharmaceuticals, Inc.* | | | 6,029,052 | |
| | 470,304 | | | Karyopharm Therapeutics, Inc.* | | | 4,957,004 | |
| | 221,601 | | | Loxo Oncology, Inc.* | | | 33,829,609 | |
| | 333,139 | | | Momenta Pharmaceuticals, Inc.* | | | 4,167,569 | |
| | 204,970 | | | Neon Therapeutics, Inc.*(1) | | | 1,201,124 | |
| | 358,877 | | | Nightstar Therapeutics plc* | | | 3,624,658 | |
| | 397,332 | | | PhaseBio Pharmaceuticals, Inc.* | | | 2,026,393 | |
| | 502,763 | | | Portola Pharmaceuticals, Inc.*(1) | | | 9,899,403 | |
| | 175,771 | | | Radius Health, Inc.*(1) | | | 2,782,455 | |
| | 9,077 | | | Regeneron Pharmaceuticals, Inc.* | | | 3,079,281 | |
| | 1,621,062 | | | Rigel Pharmaceuticals, Inc.* | | | 4,652,448 | |
| | 544,514 | | | Seattle Genetics, Inc.* | | | 30,563,571 | |
| | 115,459 | | | Spark Therapeutics, Inc.* | | | 5,194,500 | |
| | 595,201 | | | Syndax Pharmaceuticals, Inc.* | | | 2,862,917 | |
| | 101,427 | | | TESARO, Inc.*(1) | | | 2,929,212 | |
| | 680,062 | | | Trevena, Inc.*(1) | | | 621,577 | |
| | 105,953 | | | Ultragenyx Pharmaceutical, Inc.* | | | 5,133,423 | |
| | 137,614 | | | UroGen Pharma Ltd.*(1) | | | 5,492,175 | |
| | 139,411 | | | Vertex Pharmaceuticals, Inc.* | | | 23,624,588 | |
| | 104,222 | | | Zealand Pharma A/S ADR*(1) | | | 1,328,831 | |
| | | | | | | | |
| | | | | | | 331,885,733 | |
| | | | | | | | |
| | | | Drug Retail - 0.6% | | | |
| | 109,844 | | | Walgreens Boots Alliance, Inc. | | | 8,762,256 | |
| | | | | | | | |
| | | | Health Care Distributors - 1.6% | | | |
| | 152,220 | | | Cardinal Health, Inc. | | | 7,702,332 | |
| | 120,170 | | | McKesson Corp. | | | 14,992,409 | |
| | | | | | | | |
| | | | | | | 22,694,741 | |
| | | | | | | | |
| | | | Health Care Equipment - 21.2% | | | |
| | 851,435 | | | Abbott Laboratories | | | 58,697,929 | |
| | 238,364 | | | AtriCure, Inc.* | | | 7,582,359 | |
| | 107,313 | | | Baxter International, Inc. | | | 6,708,136 | |
| | 1,430,919 | | | Boston Scientific Corp.* | | | 51,713,413 | |
| | 237,685 | | | Danaher Corp. | | | 23,625,889 | |
| | 152,864 | | | Edwards Lifesciences Corp.* | | | 22,562,726 | |
| | 116,538 | | | Globus Medical, Inc. Class A* | | | 6,159,033 | |
| | 176,981 | | | Koninklijke Philips N.V. | | | 6,600,654 | |
| | 639,107 | | | Medtronic plc | | | 57,404,591 | |
| | 94,566 | | | NuVasive, Inc.* | | | 5,311,772 | |
| | 453,770 | | | Smith & Nephew plc | | | 7,375,962 | |
| | 88,480 | | | Stryker Corp. | | | 14,353,225 | |
| | 48,535 | | | Teleflex, Inc. | | | 11,684,316 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.8% - (continued) | | | |
| | | | Health Care Equipment - 21.2% - (continued) | | | |
| | 196,137 | | | Zimmer Biomet Holdings, Inc. | | $ | 22,279,202 | |
| | | | | | | | |
| | | | | | | 302,059,207 | |
| | | | | | | | |
| | | | Health Care Facilities - 4.9% | | | |
| | 242,435 | | | Acadia Healthcare Co., Inc.*(1) | | | 10,061,053 | |
| | 3,683,500 | | | China Resources Phoenix Healthcare Holdings Co., Ltd. | | | 2,538,176 | |
| | 285,331 | | | HCA Healthcare, Inc. | | | 38,100,248 | |
| | 136,303 | | | NMC Health plc | | | 6,145,842 | |
| | 104,441 | | | Universal Health Services, Inc. Class B | | | 12,695,848 | |
| | | | | | | | |
| | | | | | | 69,541,167 | |
| | | | | | | | |
| | | | Health Care Services - 0.0% | | | |
| | 10,200 | | | Guardant Health, Inc.* | | | 341,496 | |
| | | | | | | | |
| | | | Health Care Supplies - 0.2% | | | |
| | 281,272 | | | Endologix, Inc.* | | | 343,152 | |
| | 174,145 | | | OraSure Technologies, Inc.* | | | 2,420,615 | |
| | | | | | | | |
| | | | | | | 2,763,767 | |
| | | | | | | | |
| | | | Health Care Technology - 2.8% | | | |
| | 120,147 | | | athenahealth, Inc.* | | | 15,323,548 | |
| | 121,917 | | | Cerner Corp.* | | | 6,983,406 | |
| | 337,700 | | | HMS Holdings Corp.* | | | 9,732,514 | |
| | 120,126 | | | Teladoc Health, Inc.* | | | 8,329,537 | |
| | | | | | | | |
| | | | | | | 40,369,005 | |
| | | | | | | | |
| | | | Life Sciences Tools & Services - 4.1% | | | |
| | 55,873 | | | ICON plc* | | | 7,714,944 | |
| | 155,865 | | | Syneos Health, Inc.* | | | 7,112,120 | |
| | 4,491 | | | Tecan Group AG | | | 1,013,114 | |
| | 183,568 | | | Thermo Fisher Scientific, Inc. | | | 42,890,663 | |
| | | | | | | | |
| | | | | | | 58,730,841 | |
| | | | | | | | |
| | | | Managed Health Care - 13.2% | | | |
| | 34,854 | | | Aetna, Inc. | | | 6,915,034 | |
| | 149,747 | | | Anthem, Inc. | | | 41,265,781 | |
| | 63,928 | | | Centene Corp.* | | | 8,331,097 | |
| | 41,908 | | | Cigna Corp. | | | 8,960,349 | |
| | 26,369 | | | Humana, Inc. | | | 8,448,891 | |
| | 37,380 | | | Molina Healthcare, Inc.* | | | 4,738,663 | |
| | 367,885 | | | UnitedHealth Group, Inc. | | | 96,146,745 | |
| | 49,446 | | | WellCare Health Plans, Inc.* | | | 13,646,601 | |
| | | | | | | | |
| | | | | | | 188,453,161 | |
| | | | | | | | |
| | | | Pharmaceuticals - 24.0% | | | |
| | 266,623 | | | Allergan plc | | | 42,129,100 | |
| | 411,416 | | | Amneal Pharmaceuticals, Inc.*(1) | | | 7,590,625 | |
| | 218,040 | | | Assembly Biosciences, Inc.* | | | 4,988,755 | |
| | 923,374 | | | AstraZeneca plc ADR | | | 35,808,444 | |
| | 979,958 | | | Bristol-Myers Squibb Co. | | | 49,527,077 | |
| | 115,890 | | | Chugai Pharmaceutical Co., Ltd. | | | 6,784,986 | |
| | 404,387 | | | Clearside Biomedical, Inc.* | | | 2,191,778 | |
| | 191,000 | | | Daiichi Sankyo Co., Ltd. | | | 7,300,628 | |
| | 215,743 | | | Dermira, Inc.* | | | 2,707,575 | |
| | 261,570 | | | Eisai Co., Ltd. | | | 21,783,645 | |
| | 28,500 | | | Elanco Animal Health, Inc.* | | | 868,680 | |
| | 426,924 | | | Eli Lilly & Co. | | | 46,295,639 | |
| | 278,999 | | | Evolus, Inc.* | | | 4,134,765 | |
| | 63,941 | | | Hikma Pharmaceuticals plc | | | 1,550,886 | |
| | 164,802 | | | Intersect ENT, Inc.* | | | 4,624,344 | |
| | 84,005 | | | Kala Pharmaceuticals, Inc.* | | | 609,036 | |
| | 97,626 | | | Laboratorios Farmaceuticos Rovi S.A. | | | 1,802,391 | |
| | 413,857 | | | Medicines Co.* | | | 9,626,314 | |
| | 1,020,809 | | | MediWound Ltd.* | | | 5,920,692 | |
| | 476,306 | | | Mylan N.V.* | | | 14,884,563 | |
| | 317,880 | | | MyoKardia, Inc.* | | | 16,828,567 | |
| | 1,464,866 | | | Nabriva Therapeutics plc* | | | 2,900,435 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Healthcare Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.8% - (continued) | | | |
| | | | Pharmaceuticals - 24.0% - (continued) | | | |
| | 115,418 | | | Novartis AG | | $ | 10,107,419 | |
| | 116,335 | | | ObsEva S.A.* | | | 1,827,623 | |
| | 369,060 | | | Ono Pharmaceutical Co., Ltd. | | | 8,375,307 | |
| | 299,364 | | | Revance Therapeutics, Inc.* | | | 6,517,154 | |
| | 3,668,150 | | | Sino Biopharmaceutical Ltd. | | | 3,310,841 | |
| | 72,450 | | | Takeda Pharmaceutical Co., Ltd. | | | 3,003,742 | |
| | 216,098 | | | Teva Pharmaceutical Industries Ltd. ADR | | | 4,317,638 | |
| | 97,400 | | | Tricida, Inc.*(1) | | | 2,629,800 | |
| | 144,065 | | | UCB S.A. | | | 12,098,580 | |
| | | | | | | | |
| | | | | | | 343,047,029 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $1,207,102,278) | | $ | 1,368,648,403 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $1,207,102,278) | | $ | 1,368,648,403 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 5.3% | |
| | | | Other Investment Pools & Funds - 4.3% | |
| | 61,948,529 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class,
2.06%(2) | | $ | 61,948,529 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.0% | | | |
| | 736,032 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 736,032 | |
| | 5,699,750 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | | 5,699,750 | |
| | 1,675,184 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 1,675,184 | |
| | 4,066,304 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 4,066,304 | |
| | 778,137 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 778,137 | |
| | 1,765,231 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 1,765,231 | |
| | | | | | | | |
| | | | | | | 14,720,638 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $76,669,167) | | $ | 76,669,167 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $1,283,771,445) | | | 101.1 | % | | $ | 1,445,317,570 | |
| | | | Other Assets and Liabilities | | | (1.1 | )% | | | (16,224,335 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,429,093,235 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Biotechnology | | $ | 331,885,733 | | | $ | 313,361,898 | | | $ | 18,523,835 | | | $ | — | |
Drug Retail | | | 8,762,256 | | | | 8,762,256 | | | | — | | | | — | |
Health Care Distributors | | | 22,694,741 | | | | 22,694,741 | | | | — | | | | — | |
Health Care Equipment | | | 302,059,207 | | | | 288,082,591 | | | | 13,976,616 | | | | — | |
Health Care Facilities | | | 69,541,167 | | | | 60,857,149 | | | | 8,684,018 | | | | — | |
Health Care Services | | | 341,496 | | | | 341,496 | | | | — | | | | — | |
Health Care Supplies | | | 2,763,767 | | | | 2,763,767 | | | | — | | | | — | |
Health Care Technology | | | 40,369,005 | | | | 40,369,005 | | | | — | | | | — | |
Life Sciences Tools & Services | | | 58,730,841 | | | | 57,717,727 | | | | 1,013,114 | | | | — | |
Managed Health Care | | | 188,453,161 | | | | 188,453,161 | | | | — | | | | — | |
Pharmaceuticals | | | 343,047,029 | | | | 268,730,995 | | | | 74,316,034 | | | | — | |
Short-Term Investments | | | 76,669,167 | | | | 76,669,167 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,445,317,570 | | | $ | 1,328,803,953 | | | $ | 116,513,617 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 100.0% | |
| | | | Banks - 6.1% | |
| | 1,184,353 | | | Cullen/Frost Bankers, Inc. | | $ | 115,971,846 | |
| | 391,223 | | | East West Bancorp, Inc. | | | 20,515,734 | |
| | 225,748 | | | First Citizens BancShares, Inc. Class A | | | 96,310,869 | |
| | 1,649,653 | | | First Republic Bank | | | 150,101,926 | |
| | 930,018 | | | M&T Bank Corp. | | | 153,834,277 | |
| | 944,582 | | | Pinnacle Financial Partners, Inc. | | | 49,401,639 | |
| | 1,437,273 | | | Prosperity Bancshares, Inc. | | | 93,465,863 | |
| | 1,079,101 | | | South State Corp. | | | 73,022,765 | |
| | | | | | | | |
| | | | | | | 752,624,919 | |
| | | | | | | | |
| | | | Capital Goods - 7.5% | |
| | 2,211,659 | | | Fastenal Co. | | | 113,701,389 | |
| | 1,535,509 | | | HEICO Corp. Class A | | | 102,357,030 | |
| | 1,504,645 | | | IDEX Corp. | | | 190,819,079 | |
| | 1,118,576 | | | Lennox International, Inc. | | | 235,896,493 | |
| | 1,482,991 | | | Lincoln Electric Holdings, Inc. | | | 119,988,802 | |
| | 727,441 | | | Middleby Corp.* | | | 81,691,624 | |
| | 1,301,676 | | | PACCAR, Inc. | | | 74,468,884 | |
| | | | | | | | |
| | | | | | | 918,923,301 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 7.1% | |
| | 695,223 | | | Cimpress N.V.* | | | 86,895,923 | |
| | 643,472 | | | Cintas Corp. | | | 117,028,253 | |
| | 346,273 | | | CoStar Group, Inc.* | | | 125,149,988 | |
| | 2,519,945 | | | KAR Auction Services, Inc. | | | 143,485,668 | |
| | 3,272,549 | | | TransUnion | | | 215,170,097 | |
| | 364,234 | | | UniFirst Corp. | | | 54,380,136 | |
| | 1,706,231 | | | Waste Connections, Inc. | | | 130,424,297 | |
| | | | | | | | |
| | | | | | | 872,534,362 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 2.8% | |
| | 1,177,692 | | | Carter’s, Inc. | | | 113,034,878 | |
| | 67,296 | | | NVR, Inc.* | | | 150,677,763 | |
| | 4,322,072 | | | Under Armour, Inc. Class C*(1) | | | 85,706,688 | |
| | | | | | | | |
| | | | | | | 349,419,329 | |
| | | | | | | | |
| | | | Consumer Services - 1.9% | | | |
| | 2,866,724 | | | Aramark | | | 102,972,726 | |
| | 1,833,385 | | | Choice Hotels International, Inc. | | | 134,570,459 | |
| | | | | | | | |
| | | | | | | 237,543,185 | |
| | | | | | | | |
| | | | Diversified Financials - 3.2% | | | |
| | 342,990 | | | Credit Acceptance Corp.* | | | 145,571,816 | |
| | 615,498 | | | FactSet Research Systems, Inc. | | | 137,723,833 | |
| | 1,151,562 | | | Northern Trust Corp. | | | 108,327,437 | |
| | | | | | | | |
| | | | | | | 391,623,086 | |
| | | | | | | | |
| | | | Energy - 4.0% | | | |
| | 1,146,423 | | | Diamondback Energy, Inc. | | | 128,812,088 | |
| | 5,530,163 | | | Newfield Exploration Co.* | | | 111,709,293 | |
| | 15,427,276 | | | WPX Energy, Inc.* | | | 247,453,507 | |
| | | | | | | | |
| | | | | | | 487,974,888 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 6.7% | | | |
| | 1,353,247 | | | Hill-Rom Holdings, Inc. | | | 113,781,008 | |
| | 2,190,731 | | | Integra LifeSciences Holdings Corp.* | | | 117,357,460 | |
| | 476,386 | | | NuVasive, Inc.* | | | 26,758,601 | |
| | 1,191,409 | | | STERIS plc | | | 130,232,918 | |
| | 685,204 | | | Teleflex, Inc. | | | 164,956,011 | |
| | 1,225,908 | | | Varian Medical Systems, Inc.* | | | 146,336,638 | |
| | 1,408,008 | | | Veeva Systems, Inc. Class A* | | | 128,621,531 | |
| | | | | | | | |
| | | | | | | 828,044,167 | |
| | | | | | | | |
| | | | Insurance - 5.5% | | | |
| | 157,185 | | | Alleghany Corp. | | | 94,417,886 | |
| | 189,596 | | | Fairfax Financial Holdings Ltd. | | | 92,130,017 | |
| | 2,029,690 | | | Fidelity National Financial, Inc. | | | 67,893,131 | |
| | 212,308 | | | Markel Corp.* | | | 232,103,598 | |
| | 111,514 | | | White Mountains Insurance Group Ltd. | | | 98,876,118 | |
| | 1,148,798 | | | WR Berkley Corp. | | | 87,193,768 | |
| | | | | | | | |
| | | | | | | 672,614,518 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 100.0% - (continued) | |
| | | | Materials - 2.7% | |
| | 3,981,946 | | | Ball Corp. | | $ | 178,391,181 | |
| | 1,049,934 | | | Packaging Corp. of America | | | 96,394,441 | |
| | 2,581,611 | | | Silgan Holdings, Inc. | | | 62,036,112 | |
| | | | | | | | |
| | | | | | | 336,821,734 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.7% | |
| | 945,187 | | | Cargurus, Inc.* | | | 41,985,206 | |
| | 2,922,037 | | | TripAdvisor, Inc.* | | | 152,355,009 | |
| | 1,212,261 | | | Zillow Group, Inc. Class A* | | | 48,938,977 | |
| | 2,100,293 | | | Zillow Group, Inc. Class C* | | | 84,557,796 | |
| | | | | | | | |
| | | | | | | 327,836,988 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 12.6% | |
| | 2,223,567 | | | Aerie Pharmaceuticals, Inc.* | | | 118,249,293 | |
| | 1,655,738 | | | Agios Pharmaceuticals, Inc.* | | | 104,410,838 | |
| | 2,893,267 | | | Alkermes plc* | | | 118,132,092 | |
| | 1,221,965 | | | Alnylam Pharmaceuticals, Inc.* | | | 98,282,645 | |
| | 182,370 | | | BeiGene Ltd. ADR* | | | 22,967,678 | |
| | 683,694 | | | Bio-Techne Corp. | | | 114,669,158 | |
| | 739,007 | | | Bluebird Bio, Inc.* | | | 84,764,103 | |
| | 2,923,977 | | | Ionis Pharmaceuticals, Inc.* | | | 144,883,060 | |
| | 3,824,773 | | | Ironwood Pharmaceuticals, Inc.* | | | 50,104,526 | |
| | 241,633 | | | Mettler-Toledo International, Inc.* | | | 132,129,757 | |
| | 1,161,813 | | | PRA Health Sciences, Inc.* | | | 112,544,825 | |
| | 1,125,282 | | | Repligen Corp.* | | | 61,012,790 | |
| | 1,003,569 | | | Sage Therapeutics, Inc.* | | | 129,139,259 | |
| | 2,083,026 | | | Seattle Genetics, Inc.* | | | 116,920,249 | |
| | 1,365,591 | | | Spark Therapeutics, Inc.*(1) | | | 61,437,939 | |
| | 1,731,964 | | | Ultragenyx Pharmaceutical, Inc.* | | | 83,913,656 | |
| | | | | | | | |
| | | | | | | 1,553,561,868 | |
| | | | | | | | |
| | | | Real Estate - 1.3% | |
| | 3,370,124 | | | Equity Commonwealth REIT | | | 100,362,293 | |
| | 4,080,118 | | | Redfin Corp.*(1) | | | 63,037,823 | |
| | | | | | | | |
| | | | | | | 163,400,116 | |
| | | | | | | | |
| | | | Retailing - 1.9% | |
| | 2,324,284 | | | CarMax, Inc.* | | | 157,842,127 | |
| | 1,625,741 | | | Etsy, Inc.* | | | 69,126,507 | |
| | | | | | | | |
| | | | | | | 226,968,634 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 2.3% | |
| | 1,426,354 | | | MKS Instruments, Inc. | | | 105,108,026 | |
| | 638,781 | | | Monolithic Power Systems, Inc. | | | 75,452,812 | |
| | 1,257,025 | | | Silicon Laboratories, Inc.* | | | 102,485,248 | |
| | | | | | | | |
| | | | | | | 283,046,086 | |
| | | | | | | | |
| | | | Software & Services - 17.8% | |
| | 1,353,205 | | | 2U, Inc.* | | | 85,130,127 | |
| | 2,260,990 | | | Akamai Technologies, Inc.* | | | 163,356,528 | |
| | 1,850,999 | | | Black Knight, Inc.* | | | 90,273,221 | |
| | 1,949,524 | | | Blackbaud, Inc. | | | 139,819,861 | |
| | 572,467 | | | EPAM Systems, Inc.* | | | 68,392,632 | |
| | 536,682 | | | Fair Isaac Corp.* | | | 103,423,988 | |
| | 9,792,934 | | | Genpact Ltd. | | | 268,424,321 | |
| | 1,596,137 | | | Global Payments, Inc. | | | 182,326,730 | |
| | 1,663,863 | | | Guidewire Software, Inc.* | | | 148,033,891 | |
| | 1,558,674 | | | PTC, Inc.* | | | 128,450,324 | |
| | 4,855,900 | | | Teradata Corp.* | | | 176,754,760 | |
| | 1,311,573 | | | Total System Services, Inc. | | | 119,549,879 | |
| | 1,512,981 | | | VeriSign, Inc.* | | | 215,660,312 | |
| | 1,661,896 | | | WEX, Inc.* | | | 292,427,220 | |
| | | | | | | | |
| | | | | | | 2,182,023,794 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 7.6% | |
| | 2,663,144 | | | CDW Corp. | | | 239,709,592 | |
| | 5,285,136 | | | CommScope Holding Co., Inc.* | | | 127,160,372 | |
| | 736,960 | | | F5 Networks, Inc.* | | | 129,174,349 | |
| | 3,645,853 | | | II-VI, Inc.* | | | 135,735,107 | |
| | 2,410,852 | | | Keysight Technologies, Inc.* | | | 137,611,432 | |
| | 3,325,500 | | | National Instruments Corp. | | | 162,849,735 | |
| | | | | | | | |
| | | | | | | 932,240,587 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 100.0% - (continued) | |
| | | | Transportation - 3.9% | |
| | 353,811 | | | AMERCO | | $ | 115,512,215 | |
| | 2,156,356 | | | Genesee & Wyoming, Inc. Class A* | | | 170,848,086 | |
| | 5,557,103 | | | JetBlue Airways Corp.* | | | 92,970,333 | |
| | 2,003,968 | | | Spirit Airlines, Inc.* | | | 104,005,939 | |
| | | | | | | | |
| | | | | | | 483,336,573 | |
| | | | | | | | |
| | | | Utilities - 2.4% | |
| | 1,063,802 | | | Black Hills Corp. | | | 63,296,219 | |
| | 2,105,052 | | | NiSource, Inc. | | | 53,384,119 | |
| | 3,323,072 | | | UGI Corp. | | | 176,322,200 | |
| | | | | | | | |
| | | | | | | 293,002,538 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $10,858,554,248) | | $ | 12,293,540,673 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $10,858,554,248) | | $ | 12,293,540,673 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 0.3% | |
| | | | Securities Lending Collateral - 0.3% | |
| | 1,778,794 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | $ | 1,778,794 | |
| | 13,774,784 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | | 13,774,784 | |
| | 4,048,476 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 4,048,476 | |
| | 9,827,178 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 9,827,178 | |
| | 1,880,552 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 1,880,552 | |
| | 4,266,096 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 4,266,096 | |
| | | | | | | | |
| | | | | | | 35,575,880 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $35,575,880) | | $ | 35,575,880 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $10,894,130,128) | | | 100.3 | % | | $ | 12,329,116,553 | |
| | | | Other Assets and Liabilities | | | (0.3 | )% | | | (32,045,302 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 12,297,071,251 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Banks | | $ | 752,624,919 | | | $ | 752,624,919 | | | $ | — | | | $ | — | |
Capital Goods | | | 918,923,301 | | | | 918,923,301 | | | | — | | | | — | |
Commercial & Professional Services | | | 872,534,362 | | | | 872,534,362 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 349,419,329 | | | | 349,419,329 | | | | — | | | | — | |
Consumer Services | | | 237,543,185 | | | | 237,543,185 | | | | — | | | | — | |
Diversified Financials | | | 391,623,086 | | | | 391,623,086 | | | | — | | | | — | |
Energy | | | 487,974,888 | | | | 487,974,888 | | | | — | | | | — | |
Health Care Equipment & Services | | | 828,044,167 | | | | 828,044,167 | | | | — | | | | — | |
Insurance | | | 672,614,518 | | | | 672,614,518 | | | | — | | | | — | |
Materials | | | 336,821,734 | | | | 336,821,734 | | | | — | | | | — | |
Media & Entertainment | | | 327,836,988 | | | | 327,836,988 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 1,553,561,868 | | | | 1,553,561,868 | | | | — | | | | — | |
Real Estate | | | 163,400,116 | | | | 163,400,116 | | | | — | | | | — | |
Retailing | | | 226,968,634 | | | | 226,968,634 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 283,046,086 | | | | 283,046,086 | | | | — | | | | — | |
Software & Services | | | 2,182,023,794 | | | | 2,182,023,794 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 932,240,587 | | | | 932,240,587 | | | | — | | | | — | |
Transportation | | | 483,336,573 | | | | 483,336,573 | | | | — | | | | — | |
Utilities | | | 293,002,538 | | | | 293,002,538 | | | | — | | | | — | |
Short-Term Investments | | | 35,575,880 | | | | 35,575,880 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 12,329,116,553 | | | $ | 12,329,116,553 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford MidCap Value Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.2% | | | |
| | | | Automobiles & Components - 0.7% | | | |
| | 214,143 | | | Goodyear Tire & Rubber Co. | | $ | 4,509,851 | |
| | | | | | | | |
| | | | Banks - 10.4% | | | |
| | 175,929 | | | BancorpSouth Bank | | | 5,049,162 | |
| | 159,616 | | | Bank OZK | | | 4,367,094 | |
| | 132,484 | | | Comerica, Inc. | | | 10,805,395 | |
| | 245,654 | | | First Midwest Bancorp, Inc. | | | 5,640,216 | |
| | 115,434 | | | IBERIABANK Corp. | | | 8,598,678 | |
| | 54,416 | | | Pinnacle Financial Partners, Inc. | | | 2,845,957 | |
| | 79,034 | | | South State Corp. | | | 5,348,231 | |
| | 400,353 | | | Sterling Bancorp | | | 7,198,347 | |
| | 136,863 | | | Western Alliance Bancorp* | | | 6,602,271 | |
| | 199,245 | | | Zions Bancorporation | | | 9,374,477 | |
| | | | | | | | |
| | | | | | | 65,829,828 | |
| | | | | | | | |
| | | | Capital Goods - 9.7% | | | |
| | 106,310 | | | Granite Construction, Inc. | | | 4,860,493 | |
| | 75,108 | | | Harris Corp. | | | 11,169,311 | |
| | 89,551 | | | Hubbell, Inc. | | | 9,107,337 | |
| | 254,487 | | | JELD-WEN Holding, Inc.* | | | 4,137,958 | |
| | 538,347 | | | Milacron Holdings Corp.* | | | 7,536,858 | |
| | 116,463 | | | Moog, Inc. Class A | | | 8,332,928 | |
| | 736,725 | | | Sanwa Holdings Corp. | | | 8,645,270 | |
| | 158,250 | | | Sensata Technologies Holding plc* | | | 7,421,925 | |
| | | | | | | | |
| | | | | | | 61,212,080 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 2.2% | | | |
| | 358,046 | | | Atento S.A. | | | 2,198,403 | |
| | 170,755 | | | Clean Harbors, Inc.* | | | 11,618,170 | |
| | | | | | | | |
| | | | | | | 13,816,573 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 1.2% | | | |
| | 58,987 | | | Lennar Corp. Class A | | | 2,535,261 | |
| | 322,334 | | | Newell Brands, Inc. | | | 5,118,664 | |
| | | | | | | | |
| | | | | | | 7,653,925 | |
| | | | | | | | |
| | | | Consumer Services - 0.7% | | | |
| | 105,746 | | | Norwegian Cruise Line Holdings Ltd.* | | | 4,660,226 | |
| | | | | | | | |
| | | | Diversified Financials - 1.0% | | | |
| | 649,090 | | | SLM Corp.* | | | 6,581,773 | |
| | | | | | | | |
| | | | Energy - 7.4% | | | |
| | 85,666 | | | Delek U.S. Holdings, Inc. | | | 3,145,656 | |
| | 196,858 | | | Diamondback Energy, Inc. | | | 22,118,965 | |
| | 38,160 | | | Energen Corp.* | | | 2,746,375 | |
| | 609,024 | | | Laredo Petroleum, Inc.* | | | 3,191,286 | |
| | 452,061 | | | Newfield Exploration Co.* | | | 9,131,632 | |
| | 384,461 | | | WPX Energy, Inc.* | | | 6,166,754 | |
| | | | | | | | |
| | | | | | | 46,500,668 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.5% | | | |
| | 331,414 | | | US Foods Holding Corp.* | | | 9,667,346 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.8% | | | |
| | 34,985 | | | Ingredion, Inc. | | | 3,539,782 | |
| | 86,964 | | | Post Holdings, Inc.* | | | 7,689,357 | |
| | | | | | | | |
| | | | | | | 11,229,139 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 3.7% | | | |
| | 126,110 | | | Acadia Healthcare Co., Inc.*(1) | | | 5,233,565 | |
| | 107,895 | | | Brookdale Senior Living, Inc.* | | | 963,502 | |
| | 114,457 | | | Hill-Rom Holdings, Inc. | | | 9,623,545 | |
| | 68,483 | | | STERIS plc | | | 7,485,877 | |
| | | | | | | | |
| | | | | | | 23,306,489 | |
| | | | | | | | |
| | | | Insurance - 9.4% | | | |
| | 97,931 | | | Assurant, Inc. | | | 9,519,873 | |
| | 431,232 | | | CNO Financial Group, Inc. | | | 8,150,285 | |
| | 69,211 | | | Hanover Insurance Group, Inc. | | | 7,708,721 | |
| | 209,078 | | | Jardine Lloyd Thompson Group plc | | | 5,040,214 | |
| | 1,062,719 | | | Lancashire Holdings Ltd. | | | 8,011,653 | |
| | 88,577 | | | Reinsurance Group of America, Inc. | | | 12,610,707 | |
| | 224,497 | | | Unum Group | | | 8,140,261 | |
| | | | | | | | |
| | | | | | | 59,181,714 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.2% - (continued) | | | |
| | | | Materials - 9.5% | | | |
| | 194,906 | | | Alcoa Corp.* | | $ | 6,819,761 | |
| | 245,876 | | | Buzzi Unicem S.p.A. | | | 4,721,362 | |
| | 170,471 | | | Cabot Corp. | | | 8,298,528 | |
| | 86,644 | | | Carpenter Technology Corp. | | | 3,778,545 | |
| | 109,603 | | | Celanese Corp. Series A | | | 10,624,915 | |
| | 252,701 | | | Commercial Metals Co. | | | 4,816,481 | |
| | 138,840 | | | FMC Corp. | | | 10,840,627 | |
| | 128,849 | | | Reliance Steel & Aluminum Co. | | | 10,168,763 | |
| | | | | | | | |
| | | | | | | 60,068,982 | |
| | | | | | | | |
| | | | Media & Entertainment - 0.6% | | | |
| | 311,583 | | | TEGNA, Inc. | | | 3,595,668 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 0.1% | |
| | 58,702 | | | Five Prime Therapeutics, Inc.* | | | 712,642 | |
| | | | | | | | |
| | | | Real Estate - 12.6% | | | |
| | 98,275 | | | American Assets Trust, Inc. REIT | | | 3,769,829 | |
| | 570,982 | | | Brixmor Property Group, Inc. REIT | | | 9,249,908 | |
| | 308,037 | | | Corporate Office Properties Trust REIT | | | 7,959,676 | |
| | 51,360 | | | Equity LifeStyle Properties, Inc. REIT | | | 4,863,278 | |
| | 35,547 | | | Extra Space Storage, Inc. REIT | | | 3,201,363 | |
| | 65,550 | | | Life Storage, Inc. REIT | | | 6,172,188 | |
| | 311,946 | | | Park Hotels & Resorts, Inc. REIT | | | 9,068,270 | |
| | 488,694 | | | Physicians Realty Trust REIT | | | 8,102,547 | |
| | 93,663 | | | PS Business Parks, Inc. REIT | | | 12,232,388 | |
| | 500,165 | | | STORE Capital Corp. REIT | | | 14,519,790 | |
| | | | | | | | |
| | | | | | | 79,139,237 | |
| | | | | | | | |
| | | | Retailing - 1.0% | | | |
| | 185,478 | | | Caleres, Inc. | | | 6,343,348 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 2.2% | |
| | 161,792 | | | Axcelis Technologies, Inc.* | | | 2,792,530 | |
| | 251,524 | | | Ichor Holdings Ltd.*(1) | | | 4,464,551 | |
| | 176,570 | | | Silicon Motion Technology Corp. ADR | | | 6,637,266 | |
| | | | | | | | |
| | | | | | | 13,894,347 | |
| | | | | | | | |
| | | | Software & Services - 6.0% | | | |
| | 119,632 | | | Amdocs Ltd. | | | 7,569,117 | |
| | 133,649 | | | Booz Allen Hamilton Holding Corp. | | | 6,620,971 | |
| | 151,568 | | | Leidos Holdings, Inc. | | | 9,818,575 | |
| | 184,626 | | | SS&C Technologies Holdings, Inc. | | | 9,445,466 | |
| | 30,779 | | | VeriSign, Inc.* | | | 4,387,239 | |
| | | | | | | | |
| | | | | | | 37,841,368 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 5.9% | | | |
| | 96,015 | | | Acacia Communications, Inc.* | | | 3,309,637 | |
| | 231,907 | | | Arrow Electronics, Inc.* | | | 15,702,423 | |
| | 111,812 | | | Itron, Inc.* | | | 5,829,878 | |
| | 175,304 | | | KEMET Corp.* | | | 3,818,121 | |
| | 148,104 | | | Keysight Technologies, Inc.* | | | 8,453,776 | |
| | | | | | | | |
| | | | | | | 37,113,835 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.4% | | | |
| | 156,081 | | | Millicom International Cellular S.A. | | | 8,807,992 | |
| | | | | | | | |
| | | | Transportation - 3.4% | | | |
| | 135,113 | | | Genesee & Wyoming, Inc. Class A* | | | 10,705,003 | |
| | 420,159 | | | JetBlue Airways Corp.* | | | 7,029,260 | |
| | 118,852 | | | Knight-Swift Transportation Holdings, Inc. | | | 3,803,264 | |
| | | | | | | | |
| | | | | | | 21,537,527 | |
| | | | | | | | |
| | | | Utilities - 5.8% | | | |
| | 278,758 | | | Alliant Energy Corp. | | | 11,981,019 | |
| | 94,599 | | | Evergy, Inc. | | | 5,296,598 | |
| | 359,422 | | | UGI Corp. | | | 19,070,931 | |
| | | | | | | | |
| | | | | | | 36,348,548 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $611,341,823) | | $ | 619,553,106 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $611,341,823) | | $ | 619,553,106 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford MidCap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 3.1% | |
| | | | Other Investment Pools & Funds - 1.9% | | | |
| | 11,977,421 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class,
2.06%(2) | | $ | 11,977,421 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.2% | | | |
| | 373,186 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 373,186 | |
| | 2,889,913 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | | 2,889,913 | |
| | 849,360 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 849,359 | |
| | 2,061,716 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 2,061,716 | |
| | 394,535 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 394,535 | |
| | 895,016 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 895,016 | |
| | | | | | | | |
| | | | | | | 7,463,725 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $19,441,146) | | $ | 19,441,146 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $630,782,969) | | | 101.3 | % | | $ | 638,994,252 | |
| | | | Other Assets and Liabilities | | | (1.3 | )% | | | (8,212,885 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 630,781,367 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 4,509,851 | | | $ | 4,509,851 | | | $ | — | | | $ | — | |
Banks | | | 65,829,828 | | | | 65,829,828 | | | | — | | | | — | |
Capital Goods | | | 61,212,080 | | | | 52,566,810 | | | | 8,645,270 | | | | — | |
Commercial & Professional Services | | | 13,816,573 | | | | 13,816,573 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 7,653,925 | | | | 7,653,925 | | | | — | | | | — | |
Consumer Services | | | 4,660,226 | | | | 4,660,226 | | | | — | | | | — | |
Diversified Financials | | | 6,581,773 | | | | 6,581,773 | | | | — | | | | — | |
Energy | | | 46,500,668 | | | | 46,500,668 | | | | — | | | | — | |
Food & Staples Retailing | | | 9,667,346 | | | | 9,667,346 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 11,229,139 | | | | 11,229,139 | | | | — | | | | — | |
Health Care Equipment & Services | | | 23,306,489 | | | | 23,306,489 | | | | — | | | | — | |
Insurance | | | 59,181,714 | | | | 51,170,061 | | | | 8,011,653 | | | | — | |
Materials | | | 60,068,982 | | | | 55,347,620 | | | | 4,721,362 | | | | — | |
Media & Entertainment | | | 3,595,668 | | | | 3,595,668 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 712,642 | | | | 712,642 | | | | — | | | | — | |
Real Estate | | | 79,139,237 | | | | 79,139,237 | | | | — | | | | — | |
Retailing | | | 6,343,348 | | | | 6,343,348 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 13,894,347 | | | | 13,894,347 | | | | — | | | | — | |
Software & Services | | | 37,841,368 | | | | 37,841,368 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 37,113,835 | | | | 37,113,835 | | | | — | | | | — | |
Telecommunication Services | | | 8,807,992 | | | | — | | | | 8,807,992 | | | | — | |
Transportation | | | 21,537,527 | | | | 21,537,527 | | | | — | | | | — | |
Utilities | | | 36,348,548 | | | | 36,348,548 | | | | — | | | | — | |
Short-Term Investments | | | 19,441,146 | | | | 19,441,146 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 638,994,252 | | | $ | 608,807,975 | | | $ | 30,186,277 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Quality Value Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% | |
| | | | Automobiles & Components - 0.0% | |
| | 40 | | | Garrett Motion, Inc.* | | $ | 607 | |
| | | | | | | | |
| | | | Banks - 16.8% | |
| | 425,151 | | | Bank of America Corp. | | | 11,691,653 | |
| | 41,264 | | | Bank of Nova Scotia | | | 2,216,289 | |
| | 138,878 | | | Citigroup, Inc. | | | 9,090,954 | |
| | 115,273 | | | JP Morgan Chase & Co. | | | 12,567,063 | |
| | 19,591 | | | M&T Bank Corp. | | | 3,240,547 | |
| | 35,164 | | | PNC Financial Services Group, Inc. | | | 4,518,222 | |
| | 80,142 | | | Wells Fargo & Co. | | | 4,265,959 | |
| | | | | | | | |
| | | | | | | 47,590,687 | |
| | | | | | | | |
| | | | Capital Goods - 6.1% | |
| | 46,336 | | | Eaton Corp. plc | | | 3,320,901 | |
| | 16,305 | | | General Dynamics Corp. | | | 2,813,917 | |
| | 26,468 | | | Honeywell International, Inc. | | | 3,833,096 | |
| | 103,913 | | | Johnson Controls International plc | | | 3,322,099 | |
| | 13,232 | | | Lockheed Martin Corp. | | | 3,888,223 | |
| | 2,011 | | | Resideo Technologies, Inc.* | | | 42,338 | |
| | | | | | | | |
| | | | | | | 17,220,574 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 1.2% | |
| | 36,434 | | | Waste Management, Inc. | | | 3,259,750 | |
| | | | | | | | |
| | | | Diversified Financials - 0.9% | |
| | 86,058 | | | Synchrony Financial | | | 2,485,355 | |
| | | | | | | | |
| | | | Energy - 11.1% | |
| | 37,109 | | | Anadarko Petroleum Corp. | | | 1,974,199 | |
| | 78,005 | | | Canadian Natural Resources Ltd. | | | 2,131,097 | |
| | 70,532 | | | Chevron Corp. | | | 7,874,898 | |
| | 32,463 | | | EOG Resources, Inc. | | | 3,419,652 | |
| | 62,869 | | | Exxon Mobil Corp. | | | 5,009,402 | |
| | 89,141 | | | Halliburton Co. | | | 3,091,410 | |
| | 55,148 | | | Hess Corp. | | | 3,165,495 | |
| | 75,278 | | | Suncor Energy, Inc. | | | 2,507,510 | |
| | 38,895 | | | Total S.A. ADR | | | 2,279,247 | |
| | | | | | | | |
| | | | | | | 31,452,910 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.7% | |
| | 60,333 | | | Walgreens Boots Alliance, Inc. | | | 4,812,763 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 5.0% | |
| | 48,049 | | | Altria Group, Inc. | | | 3,125,107 | |
| | 77,081 | | | General Mills, Inc. | | | 3,376,148 | |
| | 29,030 | | | Nestle S.A. ADR | | | 2,446,648 | |
| | 60,229 | | | Philip Morris International, Inc. | | | 5,304,368 | |
| | | | | | | | |
| | | | | | | 14,252,271 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 5.2% | |
| | 42,385 | | | Cardinal Health, Inc. | | | 2,144,681 | |
| | 67,844 | | | Medtronic plc | | | 6,093,748 | |
| | 26,049 | | | STERIS plc | | | 2,847,416 | |
| | 13,888 | | | UnitedHealth Group, Inc. | | | 3,629,629 | |
| | | | | | | | |
| | | | | | | 14,715,474 | |
| | | | | | | | |
| | | | Household & Personal Products - 1.0% | |
| | 54,993 | | | Unilever N.V. | | | 2,957,523 | |
| | | | | | | | |
| | | | Insurance - 6.7% | |
| | 77,897 | | | American International Group, Inc. | | | 3,216,367 | |
| | 27,685 | | | Chubb Ltd. | | | 3,458,133 | |
| | 43,441 | | | Marsh & McLennan Cos., Inc. | | | 3,681,625 | |
| | 65,352 | | | MetLife, Inc. | | | 2,691,849 | |
| | 49,563 | | | Principal Financial Group, Inc. | | | 2,332,931 | |
| | 38,103 | | | Prudential Financial, Inc. | | | 3,573,299 | |
| | | | | | | | |
| | | | | | | 18,954,204 | |
| | | | | | | | |
| | | | Materials - 5.0% | |
| | 58,378 | | | Ball Corp. | | | 2,615,335 | |
| | 93,410 | | | CRH plc ADR | | | 2,781,750 | |
| | 38,623 | | | FMC Corp. | | | 3,015,684 | |
| | 34,603 | | | Methanex Corp.(1) | | | 2,239,852 | |
| | 32,471 | | | PPG Industries, Inc. | | | 3,412,377 | |
| | | | | | | | |
| | | | | | | 14,064,998 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Media & Entertainment - 2.1% | |
| | 155,077 | | | Comcast Corp. Class A | | $ | 5,914,637 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 8.5% | |
| | 20,388 | | | Allergan plc | | | 3,221,508 | |
| | 126,286 | | | AstraZeneca plc ADR | | | 4,897,371 | |
| | 99,084 | | | Bristol-Myers Squibb Co. | | | 5,007,705 | |
| | 104,861 | | | Merck & Co., Inc. | | | 7,718,818 | |
| | 37,291 | | | Novartis AG ADR | | | 3,261,471 | |
| | | | | | | | |
| | | | | | | 24,106,873 | |
| | | | | | | | |
| | | | Real Estate - 3.1% | |
| | 19,254 | | | American Tower Corp. REIT | | | 2,999,966 | |
| | 97,376 | | | Corporate Office Properties Trust REIT | | | 2,516,196 | |
| | 15,518 | | | Public Storage REIT | | | 3,188,483 | |
| | | | | | | | |
| | | | | | | 8,704,645 | |
| | | | | | | | |
| | | | Retailing - 4.7% | |
| | 571,800 | | | Allstar Co.*(2)(3)(4) | | | 263,028 | |
| | 27,286 | | | Expedia Group, Inc. | | | 3,422,483 | |
| | 53,437 | | | Lowe’s Cos., Inc. | | | 5,088,271 | |
| | 52,643 | | | Target Corp. | | | 4,402,534 | |
| | | | | | | | |
| | | | | | | 13,176,316 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 4.4% | |
| | 153,698 | | | Intel Corp. | | | 7,205,362 | |
| | 27,134 | | | KLA-Tencor Corp. | | | 2,483,847 | |
| | 44,926 | | | QUALCOMM, Inc. | | | 2,825,396 | |
| | | | | | | | |
| | | | | | | 12,514,605 | |
| | | | | | | | |
| | | | Software & Services - 3.7% | |
| | 19,084 | | | Accenture plc Class A | | | 3,008,020 | |
| | 32,136 | | | International Business Machines Corp. | | | 3,709,458 | |
| | 35,617 | | | Microsoft Corp. | | | 3,804,252 | |
| | | | | | | | |
| | | | | | | 10,521,730 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 3.0% | |
| | 106,951 | | | Cisco Systems, Inc. | | | 4,893,008 | |
| | 28,956 | | | Motorola Solutions, Inc. | | | 3,548,848 | |
| | | | | | | | |
| | | | | | | 8,441,856 | |
| | | | | | | | |
| | | | Telecommunication Services - 3.0% | |
| | 147,943 | | | Verizon Communications, Inc. | | | 8,446,066 | |
| | | | | | | | |
| | | | Transportation - 1.0% | |
| | 25,736 | | | United Parcel Service, Inc. Class B | | | 2,741,913 | |
| | | | | | | | |
| | | | Utilities - 4.2% | |
| | 65,352 | | | Alliant Energy Corp. | | | 2,808,829 | |
| | 60,218 | | | Avangrid, Inc. | | | 2,830,848 | |
| | 49,835 | | | Eversource Energy | | | 3,152,562 | |
| | 60,316 | | | UGI Corp. | | | 3,200,367 | |
| | | | | | | | |
| | | | | | | 11,992,606 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $275,503,736) | | $ | 278,328,363 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $275,503,736) | | $ | 278,328,363 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 1.8% | |
| | | | Other Investment Pools & Funds - 1.3% | |
| | 3,842,488 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(5) | | $ | 3,842,488 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.5% | |
| | 69,620 | | | Citibank NA DDCA, 2.19%, 11/1/2018(5) | | | 69,620 | |
| | 539,130 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(5) | | | 539,130 | |
| | 158,453 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(5) | | | 158,453 | |
| | 384,625 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(5) | | | 384,625 | |
| | 73,603 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(5) | | | 73,603 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Quality Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| SHORT-TERM INVESTMENTS - 1.8% - (continued) | |
| | | | Securities Lending Collateral - 0.5% - (continued) | |
| | 166,970 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(5) | | $ | 166,971 | |
| | | | | | | | |
| | | | | | | 1,392,402 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $5,234,890) | | $ | 5,234,890 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $280,738,626) | | | 100.2 | % | | $ | 283,563,253 | |
| | | | Other Assets and Liabilities | | | (0.2 | )% | | | (641,629 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 282,921,624 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Investment valued using significant unobservable inputs. |
| (3) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $263,028 or 0.1% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 08/2011 | | | Allstar Co. | | | 571,800 | | | $ | 248,744 | | | $ | 263,028 | |
| (4) | This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2018, the aggregate fair value of this security was $263,028, which represented 0.1% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (5) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 607 | | | $ | 607 | | | $ | — | | | $ | — | |
Banks | | | 47,590,687 | | | | 47,590,687 | | | | — | | | | — | |
Capital Goods | | | 17,220,574 | | | | 17,220,574 | | | | — | | | | — | |
Commercial & Professional Services | | | 3,259,750 | | | | 3,259,750 | | | | — | | | | — | |
Diversified Financials | | | 2,485,355 | | | | 2,485,355 | | | | — | | | | — | |
Energy | | | 31,452,910 | | | | 31,452,910 | | | | — | | | | — | |
Food & Staples Retailing | | | 4,812,763 | | | | 4,812,763 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 14,252,271 | | | | 14,252,271 | | | | — | | | | — | |
Health Care Equipment & Services | | | 14,715,474 | | | | 14,715,474 | | | | — | | | | — | |
Household & Personal Products | | | 2,957,523 | | | | 2,957,523 | | | | — | | | | — | |
Insurance | | | 18,954,204 | | | | 18,954,204 | | | | — | | | | — | |
Materials | | | 14,064,998 | | | | 14,064,998 | | | | — | | | | — | |
Media & Entertainment | | | 5,914,637 | | | | 5,914,637 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 24,106,873 | | | | 24,106,873 | | | | — | | | | — | |
Real Estate | | | 8,704,645 | | | | 8,704,645 | | | | — | | | | — | |
Retailing | | | 13,176,316 | | | | 12,913,288 | | | | — | | | | 263,028 | |
Semiconductors & Semiconductor Equipment | | | 12,514,605 | | | | 12,514,605 | | | | — | | | | — | |
Software & Services | | | 10,521,730 | | | | 10,521,730 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 8,441,856 | | | | 8,441,856 | | | | — | | | | — | |
Telecommunication Services | | | 8,446,066 | | | | 8,446,066 | | | | — | | | | — | |
Transportation | | | 2,741,913 | | | | 2,741,913 | | | | — | | | | — | |
Utilities | | | 11,992,606 | | | | 11,992,606 | | | | — | | | | — | |
Short-Term Investments | | | 5,234,890 | | | | 5,234,890 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 283,563,253 | | | $ | 283,300,225 | | | $ | — | | | $ | 263,028 | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended October 31, 2018 is not presented.
The accompanying notes are an integral part of these financial statements.
|
| Hartford Small Cap Core Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% | |
| | | | Banks - 9.0% | | | |
| | 10,869 | | | Bank of NT Butterfield & Son Ltd. | | $ | 437,912 | |
| | 10,182 | | | Berkshire Hills Bancorp, Inc. | | | 339,773 | |
| | 20,320 | | | Cadence Bancorp | | | 448,259 | |
| | 19,781 | | | Cathay General Bancorp | | | 745,150 | |
| | 16,920 | | | Essent Group Ltd.* | | | 666,986 | |
| | 10,766 | | | Fidelity Southern Corp. | | | 249,987 | |
| | 171,347 | | | First BanCorp* | | | 1,581,533 | |
| | 32,527 | | | Hope Bancorp, Inc. | | | 470,991 | |
| | 7,852 | | | Live Oak Bancshares, Inc.(1) | | | 144,477 | |
| | 9,224 | | | Merchants Bancorp | | | 212,152 | |
| | 2,707 | | | Metropolitan Bank Holding Corp.* | | | 99,780 | |
| | 63,345 | | | MGIC Investment Corp.* | | | 773,442 | |
| | 38,265 | | | OFG Bancorp | | | 653,949 | |
| | 14,848 | | | Opus Bank | | | 281,964 | |
| | 6,413 | | | Popular, Inc. | | | 333,540 | |
| | 30,822 | | | Radian Group, Inc. | | | 591,474 | |
| | 5,450 | | | Renasant Corp. | | | 190,096 | |
| | 8,981 | | | Walker & Dunlop, Inc. | | | 376,843 | |
| | 7,692 | | | Wintrust Financial Corp. | | | 585,669 | |
| | | | | | | | |
| | | | | | | 9,183,977 | |
| | | | | | | | |
| | | | Capital Goods - 7.7% | | | |
| | 10,860 | | | American Railcar Industries, Inc.(1) | | | 759,223 | |
| | 10,261 | | | Apogee Enterprises, Inc. | | | 370,422 | |
| | 12,208 | | | Atkore International Group, Inc.* | | | 235,126 | |
| | 28,403 | | | Briggs & Stratton Corp. | | | 412,696 | |
| | 7,105 | | | Columbus McKinnon Corp. | | | 260,967 | |
| | 26,473 | | | Continental Building Products, Inc.* | | | 736,214 | |
| | 10,654 | | | EMCOR Group, Inc. | | | 756,221 | |
| | 6,415 | | | EnerSys | | | 510,441 | |
| | 59,419 | | | Enphase Energy, Inc.*(1) | | | 269,762 | |
| | 8,659 | | | Generac Holdings, Inc.* | | | 439,271 | |
| | 6,311 | | | Global Brass & Copper Holdings, Inc. | | | 199,554 | |
| | 4,660 | | | Greenbrier Cos., Inc. | | | 221,117 | |
| | 24,639 | | | Harsco Corp.* | | | 676,833 | |
| | 5,846 | | | Hyster-Yale Materials Handling, Inc. | | | 353,391 | |
| | 6,531 | | | LB Foster Co. Class A* | | | 118,734 | |
| | 28,854 | | | Meritor, Inc.* | | | 490,229 | |
| | 17,197 | | | NCI Building Systems, Inc.* | | | 210,663 | |
| | 10,351 | | | PGT Innovations, Inc.* | | | 209,711 | |
| | 13,453 | | | Rush Enterprises, Inc. Class A* | | | 476,102 | |
| | 3,076 | | | Simpson Manufacturing Co., Inc. | | | 175,578 | |
| | | | | | | | |
| | | | | | | 7,882,255 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 5.0% | | | |
| | 28,724 | | | ACCO Brands Corp. | | | 231,803 | |
| | 2,373 | | | Barrett Business Services, Inc. | | | 149,309 | |
| | 19,994 | | | Ennis, Inc. | | | 387,084 | |
| | 13,097 | | | FTI Consulting, Inc.* | | | 905,134 | |
| | 6,028 | | | Heidrick & Struggles International, Inc. | | | 208,026 | |
| | 15,216 | | | Herman Miller, Inc. | | | 501,367 | |
| | 5,061 | | | HNI Corp. | | | 191,761 | |
| | 4,481 | | | Insperity, Inc. | | | 492,238 | |
| | 4,611 | | | Korn/Ferry International | | | 208,140 | |
| | 21,260 | | | LSC Communications, Inc. | | | 200,482 | |
| | 3,944 | | | McGrath Rent Corp. | | | 210,570 | |
| | 46,869 | | | Quad/Graphics, Inc. | | | 723,189 | |
| | 67,839 | | | RR Donnelley & Sons Co. | | | 398,215 | |
| | 12,212 | | | TrueBlue, Inc.* | | | 284,906 | |
| | | | | | | | |
| | | | | | | 5,092,224 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.3% | | | |
| | 31,073 | | | Crocs, Inc.* | | | 638,239 | |
| | 2,112 | | | CSS Industries, Inc. | | | 27,752 | |
| | 10,354 | | | Deckers Outdoor Corp.* | | | 1,316,718 | |
| | 14,550 | | | Fossil Group, Inc.* | | | 315,881 | |
| | 3,779 | | | KB Home | | | 75,467 | |
| | 16,565 | | | La-Z-Boy, Inc. | | | 460,507 | |
| | 11,769 | | | Movado Group, Inc. | | | 453,224 | |
| | 7,457 | | | ZAGG, Inc.* | | | 90,304 | |
| | | | | | | | |
| | | | | | | 3,378,092 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% - (continued) | |
| | | | Consumer Services - 4.0% | |
| | 19,512 | | | American Public Education, Inc.* | | $ | 638,628 | |
| | 3,987 | | | BJ’s Restaurants, Inc. | | | 243,925 | |
| | 14,036 | | | Bloomin’ Brands, Inc. | | | 280,018 | |
| | 4,810 | | | Brinker International, Inc. | | | 208,513 | |
| | 21,469 | | | Cambium Learning Group, Inc.* | | | 308,724 | |
| | 3,919 | | | Dine Brands Global, Inc. | | | 317,596 | |
| | 24,649 | | | International Speedway Corp. Class A | | | 924,584 | |
| | 17,647 | | | K12, Inc.* | | | 377,822 | |
| | 13,177 | | | Penn National Gaming, Inc.* | | | 319,938 | |
| | 17,746 | | | Ruth’s Hospitality Group, Inc. | | | 479,674 | |
| | | | | | | | |
| | | | | | | 4,099,422 | |
| | | | | | | | |
| | | | Diversified Financials - 4.6% | |
| | 27,536 | | | AG Mortgage Investment Trust, Inc. | | | 476,373 | |
| | 27,824 | | | Apollo Commercial Real Estate Finance, Inc. REIT | | | 520,587 | |
| | 38,255 | | | ARMOUR Residential, Inc. REIT(1) | | | 833,194 | |
| | 24,045 | | | Banco Latinoamericano de Comercio Exterior S.A. ADR | | | 412,612 | |
| | 16,506 | | | Cherry Hill Mortgage Investment Corp. | | | 295,623 | |
| | 23,635 | | | Chimera Investment Corp. | | | 439,611 | |
| | 10,576 | | | Enova International, Inc.* | | | 250,122 | |
| | 7,551 | | | Evercore, Inc. Class A | | | 616,841 | |
| | 24,000 | | | Greenhill & Co., Inc. | | | 529,200 | |
| | 38,068 | | | On Deck Capital, Inc.* | | | 262,669 | |
| | | | | | | | |
| | | | | | | 4,636,832 | |
| | | | | | | | |
| | | | Energy - 4.4% | |
| | 2,919 | | | Arch Coal, Inc. Class A | | | 279,932 | |
| | 5,428 | | | CONSOL Energy, Inc.* | | | 216,252 | |
| | 26,265 | | | Delek U.S. Holdings, Inc. | | | 964,451 | |
| | 47,045 | | | Denbury Resources, Inc.* | | | 162,305 | |
| | 6,196 | | | Par Pacific Holdings, Inc.* | | | 109,545 | |
| | 20,246 | | | Peabody Energy Corp. | | | 717,721 | |
| | 28,853 | | | Renewable Energy Group, Inc.*(1) | | | 896,751 | |
| | 5,001 | | | REX American Resources Corp.* | | | 370,924 | |
| | 118,579 | | | W&T Offshore, Inc.* | | | 799,223 | |
| | | | | | | | |
| | | | | | | 4,517,104 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 0.2% | |
| | 4,860 | | | Weis Markets, Inc. | | | 224,289 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 0.6% | |
| | 1,583 | | | Boston Beer Co., Inc. Class A* | | | 486,440 | |
| | 7,794 | | | Vector Group Ltd. | | | 105,375 | |
| | | | | | | | |
| | | | | | | 591,815 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 7.3% | |
| | 11,216 | | | AngioDynamics, Inc.* | | | 229,143 | |
| | 3,703 | | | Chemed Corp. | | | 1,126,934 | |
| | 9,835 | | | Encompass Health Corp. | | | 661,895 | |
| | 2,890 | | | Haemonetics Corp.* | | | 301,918 | |
| | 17,345 | | | HealthStream, Inc. | | | 456,347 | |
| | 3,306 | | | Integer Holdings Corp.* | | | 246,198 | |
| | 20,265 | | | Meridian Bioscience, Inc. | | | 328,496 | |
| | 7,563 | | | Molina Healthcare, Inc.* | | | 958,762 | |
| | 18,284 | | | NextGen Healthcare, Inc.* | | | 270,055 | |
| | 24,041 | | | RadNet, Inc.* | | | 355,807 | |
| | 4,805 | | | SurModics, Inc.* | | | 304,781 | |
| | 9,673 | | | Tenet Healthcare Corp.* | | | 248,886 | |
| | 37,888 | | | Triple-S Management Corp. Class B* | | | 650,158 | |
| | 4,576 | | | WellCare Health Plans, Inc.* | | | 1,262,930 | |
| | | | | | | | |
| | | | | | | 7,402,310 | |
| | | | | | | | |
| | | | Household & Personal Products - 3.3% | |
| | 6,404 | | | Medifast, Inc. | | | 1,355,599 | |
| | 8,907 | | | Nu Skin Enterprises, Inc. Class A | | | 625,449 | |
| | 11,710 | | | USANA Health Sciences, Inc.* | | | 1,370,304 | |
| | | | | | | | |
| | | | | | | 3,351,352 | |
| | | | | | | | |
| | | | Insurance - 1.5% | |
| | 21,406 | | | Ambac Financial Group, Inc.* | | | 440,535 | |
| | 24,495 | | | American Equity Investment Life Holding Co. | | | 764,734 | |
| | 5,056 | | | Assured Guaranty Ltd. | | | 202,139 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Small Cap Core Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% - (continued) | |
| | | | Insurance - 1.5% - (continued) | |
| | 1,541 | | | Kemper Corp. | | $ | 115,868 | |
| | | | | | | | |
| | | | | | | 1,523,276 | |
| | | | | | | | |
| | | | Materials - 3.3% | |
| | 26,263 | | | Domtar Corp. | | | 1,216,240 | |
| | 17,843 | | | Kronos Worldwide, Inc. | | | 250,337 | |
| | 17,761 | | | Louisiana-Pacific Corp. | | | 386,657 | |
| | 6,702 | | | Materion Corp. | | | 380,875 | |
| | 24,235 | | | Mercer International, Inc. | | | 368,614 | |
| | 6,255 | | | Stepan Co. | | | 516,600 | |
| | 21,235 | | | SunCoke Energy, Inc.* | | | 237,832 | |
| | | | | | | | |
| | | | | | | 3,357,155 | |
| | | | | | | | |
| | | | Media & Entertainment - 3.7% | |
| | 72,778 | | | Entravision Communications Corp. Class A | | | 359,523 | |
| | 70,322 | | | Gannett Co., Inc. | | | 682,123 | |
| | 50,686 | | | Glu Mobile, Inc.* | | | 357,336 | |
| | 21,771 | | | Liberty TripAdvisor Holdings, Inc. Class A* | | | 313,938 | |
| | 53,580 | | | Meet Group, Inc.* | | | 236,288 | |
| | 21,066 | | | National CineMedia, Inc. | | | 188,541 | |
| | 20,738 | | | New Media Investment Group, Inc. | | | 291,369 | |
| | 33,393 | | | QuinStreet, Inc.* | | | 530,949 | |
| | 17,403 | | | TechTarget, Inc.* | | | 353,629 | |
| | 6,220 | | | World Wrestling Entertainment, Inc. Class A | | | 451,510 | |
| | | | | | | | |
| | | | | | | 3,765,206 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 10.4% | |
| | 23,331 | | | Acorda Therapeutics, Inc.* | | | 445,855 | |
| | 28,868 | | | AMAG Pharmaceuticals, Inc.*(1) | | | 620,662 | |
| | 56,997 | | | ArQule, Inc.* | | | 220,578 | |
| | 32,605 | | | Calithera Biosciences, Inc.* | | | 153,896 | |
| | 18,514 | | | ChemoCentryx, Inc.* | | | 200,322 | |
| | 15,586 | | | Concert Pharmaceuticals, Inc.* | | | 232,543 | |
| | 30,717 | | | CytomX Therapeutics, Inc.* | | | 438,024 | |
| | 4,628 | | | Eagle Pharmaceuticals, Inc.* | | | 227,883 | |
| | 18,029 | | | Emergent BioSolutions, Inc.* | | | 1,103,195 | |
| | 9,080 | | | Enanta Pharmaceuticals, Inc.* | | | 700,613 | |
| | 40,430 | | | Endo International plc* | | | 684,884 | |
| | 18,060 | | | Five Prime Therapeutics, Inc.* | | | 219,248 | |
| | 4,303 | | | Genomic Health, Inc.* | | | 308,568 | |
| | 19,815 | | | Halozyme Therapeutics, Inc.* | | | 307,727 | |
| | 7,432 | | | Heron Therapeutics, Inc.* | | | 206,312 | |
| | 59,414 | | | Horizon Pharma plc* | | | 1,081,929 | |
| | 42,251 | | | Inovio Pharmaceuticals, Inc.* | | | 208,297 | |
| | 18,746 | | | Luminex Corp. | | | 539,322 | |
| | 10,298 | | | MacroGenics, Inc.* | | | 169,505 | |
| | 15,060 | | | Mallinckrodt plc* | | | 377,404 | |
| | 7,699 | | | Medpace Holdings, Inc.* | | | 401,118 | |
| | 105,603 | | | PDL BioPharma, Inc.* | | | 262,952 | |
| | 57,352 | | | Pieris Pharmaceuticals, Inc.* | | | 236,290 | |
| | 9,528 | | | PTC Therapeutics, Inc.* | | | 367,019 | |
| | 13,401 | | | Retrophin, Inc.* | | | 343,870 | |
| | 6,277 | | | Revance Therapeutics, Inc.* | | | 136,650 | |
| | 27,571 | | | Voyager Therapeutics, Inc.* | | | 374,139 | |
| | | | | | | | |
| | | | | | | 10,568,805 | |
| | | | | | | | |
| | | | Real Estate - 5.6% | |
| | 12,263 | | | Agree Realty Corp. REIT | | | 702,302 | |
| | 25,465 | | | CareTrust, Inc. REIT | | | 449,712 | |
| | 22,894 | | | Chesapeake Lodging Trust REIT | | | 672,855 | |
| | 9,139 | | | CoreCivic, Inc. REIT | | | 205,262 | |
| | 16,113 | | | Global Net Lease, Inc. REIT | | | 326,288 | |
| | 10,393 | | | Hersha Hospitality Trust REIT | | | 182,501 | |
| | 7,570 | | | Hospitality Properties Trust REIT | | | 193,943 | |
| | 24,527 | | | Independence Realty Trust, Inc. REIT | | | 243,063 | |
| | 22,614 | | | Pebblebrook Hotel Trust REIT(1) | | | 762,318 | |
| | 16,385 | | | Piedmont Office Realty Trust, Inc. Class A, REIT | | | 295,258 | |
| | 21,415 | | | Ramco-Gershenson Properties Trust REIT | | | 284,391 | |
| | 24,274 | | | Sabra Healthcare, Inc. REIT | | | 525,532 | |
| | 24,800 | | | Summit Hotel Properties, Inc. REIT | | | 285,696 | |
| | 30,095 | | | Xenia Hotels & Resorts, Inc. REIT | | | 618,452 | |
| | | | | | | | |
| | | | | | | 5,747,573 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% - (continued) | |
| | | | Retailing - 6.3% | |
| | 16,959 | | | Abercrombie & Fitch Co. Class A | | $ | 334,092 | |
| | 55,122 | | | Ascena Retail Group, Inc.* | | | 212,220 | |
| | 39,165 | | | Buckle, Inc.(1) | | | 798,966 | |
| | 23,307 | | | Cato Corp. Class A | | | 449,359 | |
| | 27,217 | | | Chico’s FAS, Inc. | | | 208,754 | |
| | 8,721 | | | DSW, Inc. Class A | | | 231,543 | |
| | 14,500 | | | Etsy, Inc.* | | | 616,540 | |
| | 21,787 | | | Express, Inc.* | | | 191,944 | |
| | 5,634 | | | Genesco, Inc.* | | | 241,079 | |
| | 10,744 | | | Guess?, Inc. | | | 228,203 | |
| | 7,422 | | | Liberty Expedia Holdings, Inc. Class A* | | | 322,263 | |
| | 170,701 | | | Office Depot, Inc. | | | 436,995 | |
| | 3,016 | | | RH*(1) | | | 348,981 | |
| | 7,507 | | | Shoe Carnival, Inc. | | | 305,760 | |
| | 20,307 | | | Shutterstock, Inc. | | | 830,150 | |
| | 3,381 | | | Signet Jewelers Ltd. | | | 189,505 | |
| | 979 | | | Stamps.com, Inc.* | | | 197,924 | |
| | 13,996 | | | Tailored Brands, Inc. | | | 294,056 | |
| | | | | | | | |
| | | | | | | 6,438,334 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 2.4% | |
| | 91,908 | | | Amkor Technology, Inc.* | | | 657,142 | |
| | 12,506 | | | Nanometrics, Inc.* | | | 400,942 | |
| | 22,617 | | | Photronics, Inc.* | | | 220,290 | |
| | 33,498 | | | Teradyne, Inc. | | | 1,154,006 | |
| | | | | | | | |
| | | | | | | 2,432,380 | |
| | | | | | | | |
| | | | Software & Services - 9.6% | |
| | 11,553 | | | Bottomline Technologies de, Inc.* | | | 769,892 | |
| | 15,177 | | | Cardtronics plc Class A* | | | 412,207 | |
| | 5,435 | | | Coupa Software, Inc.* | | | 352,351 | |
| | 33,860 | | | eGain Corp.* | | | 252,934 | |
| | 11,652 | | | EVERTEC, Inc. | | | 303,884 | |
| | 11,140 | | | j2 Global, Inc. | | | 811,438 | |
| | 1,319 | | | ManTech International Corp. Class A | | | 75,552 | |
| | 23,204 | | | MAXIMUS, Inc. | | | 1,507,564 | |
| | 4,411 | | | MicroStrategy, Inc. Class A* | | | 555,654 | |
| | 26,987 | | | Net 1 UEPS Technologies, Inc.* | | | 182,702 | |
| | 17,328 | | | Presidio, Inc. | | | 232,195 | |
| | 24,733 | | | Progress Software Corp. | | | 794,919 | |
| | 12,736 | | | Qualys, Inc.* | | | 907,313 | |
| | 3,498 | | | SPS Commerce, Inc.* | | | 325,629 | |
| | 26,608 | | | Sykes Enterprises, Inc.* | | | 816,067 | |
| | 34,363 | | | Synchronoss Technologies, Inc.* | | | 203,429 | |
| | 20,541 | | | Travelport Worldwide Ltd. | | | 307,293 | |
| | 35,307 | | | Unisys Corp.*(1) | | | 650,002 | |
| | 6,660 | | | Virtusa Corp.* | | | 330,269 | |
| | | | | | | | |
| | | | 9,791,294 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.4% | |
| | 7,646 | | | Comtech Telecommunications Corp. | | | 213,476 | |
| | 16,438 | | | Immersion Corp.* | | | 164,544 | |
| | 7,658 | | | Insight Enterprises, Inc.* | | | 395,842 | |
| | 6,543 | | | Plantronics, Inc. | | | 385,841 | |
| | 4,589 | | | Tech Data Corp.* | | | 324,259 | |
| | 54,776 | | | Vishay Intertechnology, Inc. | | | 1,002,401 | |
| | | | | | | | |
| | | | 2,486,363 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.6% | |
| | 47,473 | | | NII Holdings, Inc.*(1) | | | 295,282 | |
| | 43,677 | | | Telephone & Data Systems, Inc. | | | 1,346,562 | |
| | | | | | | | |
| | | | 1,641,844 | |
| | | | | | | | |
| | | | Transportation - 1.6% | |
| | 14,487 | | | ArcBest Corp. | | | 537,757 | |
| | 7,756 | | | Covenant Transportation Group, Inc. Class A* | | | 194,133 | |
| | 7,898 | | | Echo Global Logistics, Inc.* | | | 203,058 | |
| | 20,295 | | | Hawaiian Holdings, Inc. | | | 702,410 | |
| | | | | | | | |
| | | | 1,637,358 | |
| | | | | | | | |
| | | | Utilities - 1.2% | |
| | 10,960 | | | El Paso Electric Co. | | | 625,268 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Small Cap Core Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% - (continued) | |
| | | | Utilities - 1.2% - (continued) | |
| | 13,805 | | | Portland General Electric Co. | | $ | 622,329 | |
| | | | | | | | |
| | | | 1,247,597 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $93,201,603) | | $ | 100,996,857 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $93,201,603) | | $ | 100,996,857 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 6.3% | |
| | | | Other Investment Pools & Funds - 1.1% | |
| | 1,068,041 | | | BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.07%(2) | | $ | 1,068,041 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 5.2% | |
| | 266,756 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 266,756 | |
| | 2,065,732 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | | 2,065,732 | |
| | 607,129 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 607,129 | |
| | 1,473,730 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 1,473,730 | |
| | 282,017 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 282,017 | |
| | 639,764 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 639,764 | |
| | | | | | | | |
| | | | 5,335,128 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $6,403,169) | | $ | 6,403,169 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $99,604,772) | | | 105.3 | % | | $ | 107,400,026 | |
| | | | Other Assets and Liabilities | | | (5.3 | )% | | | (5,438,867 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 101,961,159 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Banks | | $ | 9,183,977 | | | $ | 9,183,977 | | | $ | — | | | $ | — | |
Capital Goods | | | 7,882,255 | | | | 7,882,255 | | | | — | | | | — | |
Commercial & Professional Services | | | 5,092,224 | | | | 5,092,224 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 3,378,092 | | | | 3,378,092 | | | | — | | | | — | |
Consumer Services | | | 4,099,422 | | | | 4,099,422 | | | | — | | | | — | |
Diversified Financials | | | 4,636,832 | | | | 4,636,832 | | | | — | | | | — | |
Energy | | | 4,517,104 | | | | 4,517,104 | | | | — | | | | — | |
Food & Staples Retailing | | | 224,289 | | | | 224,289 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 591,815 | | | | 591,815 | | | | — | | | | — | |
Health Care Equipment & Services | | | 7,402,310 | | | | 7,402,310 | | | | — | | | | — | |
Household & Personal Products | | | 3,351,352 | | | | 3,351,352 | | | | — | | | | — | |
Insurance | | | 1,523,276 | | | | 1,523,276 | | | | — | | | | — | |
Materials | | | 3,357,155 | | | | 3,357,155 | | | | — | | | | — | |
Media & Entertainment | | | 3,765,206 | | | | 3,765,206 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 10,568,805 | | | | 10,568,805 | | | | — | | | | — | |
Real Estate | | | 5,747,573 | | | | 5,747,573 | | | | — | | | | — | |
Retailing | | | 6,438,334 | | | | 6,438,334 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 2,432,380 | | | | 2,432,380 | | | | — | | | | — | |
Software & Services | | | 9,791,294 | | | | 9,791,294 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 2,486,363 | | | | 2,486,363 | | | | — | | | | — | |
Telecommunication Services | | | 1,641,844 | | | | 1,641,844 | | | | — | | | | — | |
Transportation | | | 1,637,358 | | | | 1,637,358 | | | | — | | | | — | |
Utilities | | | 1,247,597 | | | | 1,247,597 | | | | — | | | | — | |
Short-Term Investments | | | 6,403,169 | | | | 6,403,169 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 107,400,026 | | | $ | 107,400,026 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% | | | |
| | | | Automobiles & Components - 1.6% | |
| | 137,771 | | | Cooper Tire & Rubber Co. | | $ | 4,255,746 | |
| | 214,701 | | | Tenneco, Inc. | | | 7,392,156 | |
| | 73,826 | | | Visteon Corp.* | | | 5,835,207 | |
| | | | | | | | |
| | | | | | | 17,483,109 | |
| | | | | | | | |
| | | | Banks - 4.6% | | | |
| | 195,325 | | | First Busey Corp. | | | 5,453,474 | |
| | 235,331 | | | First Hawaiian, Inc. | | | 5,831,502 | |
| | 140,336 | | | Great Western Bancorp, Inc. | | | 5,143,314 | |
| | 101,628 | | | IBERIABANK Corp. | | | 7,570,270 | |
| | 760,785 | | | MGIC Investment Corp.* | | | 9,289,185 | |
| | 205,245 | | | Seacoast Banking Corp. of Florida* | | | 5,399,996 | |
| | 393,101 | | | Sterling Bancorp | | | 7,067,956 | |
| | 124,733 | | | Triumph Bancorp, Inc.* | | | 4,472,925 | |
| | | | | | | | |
| | | | | | | 50,228,622 | |
| | | | | | | | |
| | | | Capital Goods - 10.4% | | | |
| | 235,722 | | | Aerojet Rocketdyne Holdings, Inc.* | | | 8,325,701 | |
| | 217,766 | | | Altra Industrial Motion Corp. | | | 7,027,309 | |
| | 57,523 | | | American Woodmark Corp.* | | | 3,476,690 | |
| | 116,622 | | | Applied Industrial Technologies, Inc. | | | 7,665,564 | |
| | 78,224 | | | Armstrong World Industries, Inc.* | | | 4,830,332 | |
| | 92,826 | | | Astec Industries, Inc. | | | 3,491,186 | |
| | 97,750 | | | Axon Enterprise, Inc.* | | | 6,033,130 | |
| | 116,720 | | | AZZ, Inc. | | | 5,176,532 | |
| | 237,933 | | | BMC Stock Holdings, Inc.* | | | 3,982,998 | |
| | 275,021 | | | Evoqua Water Technologies Corp.* | | | 2,640,202 | |
| | 157,149 | | | Generac Holdings, Inc.* | | | 7,972,169 | |
| | 187,318 | | | ITT, Inc. | | | 9,459,559 | |
| | 221,270 | | | JELD-WEN Holding, Inc.* | | | 3,597,850 | |
| | 129,185 | | | John Bean Technologies Corp. | | | 13,431,364 | |
| | 133,814 | | | Mercury Systems, Inc.* | | | 6,270,524 | |
| | 362,729 | | | Milacron Holdings Corp.* | | | 5,078,206 | |
| | 289,762 | | | Rexnord Corp.* | | | 7,768,519 | |
| | 65,777 | | | SiteOne Landscape Supply, Inc.* | | | 4,475,467 | |
| | 203,165 | | | Welbilt, Inc.* | | | 3,803,249 | |
| | | | | | | | |
| | | | | | | 114,506,551 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 4.4% | |
| | 207,348 | | | Advanced Disposal Services, Inc.* | | | 5,617,057 | |
| | 152,342 | | | ASGN, Inc.* | | | 10,219,102 | |
| | 136,657 | | | Clean Harbors, Inc.* | | | 9,298,142 | |
| | 185,622 | | | Exponent, Inc. | | | 9,366,486 | |
| | 103,029 | | | Huron Consulting Group, Inc.* | | | 5,614,050 | |
| | 81,324 | | | MSA Safety, Inc. | | | 8,493,479 | |
| | | | | | | | |
| | | | | | | 48,608,316 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 5.3% | | | |
| | 113,878 | | | Carter’s, Inc. | | | 10,930,010 | |
| | 46,262 | | | Installed Building Products, Inc.* | | | 1,409,141 | |
| | 114,672 | | | Oxford Industries, Inc. | | | 10,203,515 | |
| | 82,300 | | | Skyline Champion Corp. | | | 1,961,209 | |
| | 399,784 | | | Steven Madden Ltd. | | | 12,501,246 | |
| | 171,378 | | | TopBuild Corp.* | | | 7,818,264 | |
| | 389,779 | | | Wolverine World Wide, Inc. | | | 13,708,527 | |
| | | | | | | | |
| | | | | | | 58,531,912 | |
| | | | | | | | |
| | | | Consumer Services - 2.5% | | | |
| | 132,181 | | | Dunkin’ Brands Group, Inc. | | | 9,591,054 | |
| | 98,025 | | | Marriott Vacations Worldwide Corp. | | | 8,674,232 | |
| | 141,052 | | | Wingstop, Inc. | | | 8,832,676 | |
| | | | | | | | |
| | | | | | | 27,097,962 | |
| | | | | | | | |
| | | | Diversified Financials - 2.3% | | | |
| | 208,377 | | | Blucora, Inc.* | | | 6,026,263 | |
| | 101,249 | | | Evercore, Inc. Class A | | | 8,271,031 | |
| | 133,650 | | | OneMain Holdings, Inc.* | | | 3,811,698 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% - (continued) | | | |
| | | | Diversified Financials - 2.3% - (continued) | | | |
| | 746,080 | | | SLM Corp.* | | $ | 7,565,251 | |
| | | | | | | | |
| | | | | | | 25,674,243 | |
| | | | | | | | |
| | | | Energy - 2.1% | |
| | 243,585 | | | Newfield Exploration Co.* | | | 4,920,417 | |
| | 117,065 | | | PDC Energy, Inc.* | | | 4,969,409 | |
| | 298,239 | | | ProPetro Holding Corp.* | | | 5,263,919 | |
| | 374,239 | | | WildHorse Resource Development Corp.* | | | 7,937,609 | |
| | | | | | | | |
| | | | | | | 23,091,354 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.9% | |
| | 42,507 | | | Casey’s General Stores, Inc. | | | 5,360,558 | |
| | 294,621 | | | Performance Food Group Co.* | | | 8,638,288 | |
| | 104,231 | | | PriceSmart, Inc. | | | 7,311,804 | |
| | | | | | | | |
| | | | | | | 21,310,650 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.1% | |
| | 515,640 | | | Hostess Brands, Inc.* | | | 5,362,656 | |
| | 70,128 | | | Post Holdings, Inc.* | | | 6,200,718 | |
| | | | | | | | |
| | | | | | | 11,563,374 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 12.8% | |
| | 226,655 | | | AtriCure, Inc.* | | | 7,209,896 | |
| | 206,341 | | | Cardiovascular Systems, Inc.* | | | 5,787,865 | |
| | 255,893 | | | Globus Medical, Inc. Class A* | | | 13,523,945 | |
| | 74,483 | | | Haemonetics Corp.* | | | 7,781,239 | |
| | 378,772 | | | HMS Holdings Corp.* | | | 10,916,209 | |
| | 30,139 | | | ICU Medical, Inc.* | | | 7,677,307 | |
| | 125,839 | | | Insulet Corp.* | | | 11,100,258 | |
| | 149,509 | | | Integra LifeSciences Holdings Corp.* | | | 8,009,197 | |
| | 57,722 | | | LivaNova plc* | | | 6,464,287 | |
| | 78,989 | | | Medidata Solutions, Inc.* | | | 5,552,927 | |
| | 208,971 | | | Merit Medical Systems, Inc.* | | | 11,936,423 | |
| | 196,028 | | | Omnicell, Inc.* | | | 13,859,180 | |
| | 357,046 | | | OraSure Technologies, Inc.* | | | 4,962,939 | |
| | 99,658 | | | Orthofix Medical, Inc.* | | | 6,061,200 | |
| | 78,233 | | | Providence Service Corp.* | | | 5,170,419 | |
| | 399,434 | | | R1 RCM, Inc.* | | | 3,383,206 | |
| | 70,113 | | | Teladoc Health, Inc.* | | | 4,861,635 | |
| | 52,678 | | | U.S. Physical Therapy, Inc. | | | 5,663,939 | |
| | | | | | | | |
| | | | | | | 139,922,071 | |
| | | | | | | | |
| | | | Household & Personal Products - 0.8% | |
| | 177,359 | | | Edgewell Personal Care Co.* | | | 8,509,685 | |
| | | | | | | | |
| | | | Insurance - 0.8% | |
| | 235,121 | | | James River Group Holdings Ltd. | | | 9,052,159 | |
| | | | | | | | |
| | | | Materials - 2.8% | |
| | 123,489 | | | Boise Cascade Co. | | | 3,802,226 | |
| | 522,581 | | | Graphic Packaging Holding Co. | | | 5,753,617 | |
| | 198,966 | | | Louisiana-Pacific Corp. | | | 4,331,490 | |
| | 436,655 | | | OMNOVA Solutions, Inc.* | | | 3,226,881 | |
| | 274,214 | | | PolyOne Corp. | | | 8,859,854 | |
| | 319,588 | | | Summit Materials, Inc. Class A* | | | 4,314,438 | |
| | | | | | | | |
| | | | | | | 30,288,506 | |
| | | | | | | | |
| | | | Media & Entertainment - 0.9% | |
| | 488,632 | | | TrueCar, Inc.* | | | 5,560,632 | |
| | 101,224 | | | Yelp, Inc.* | | | 4,334,412 | |
| | | | | | | | |
| | | | | | | 9,895,044 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 14.1% | |
| | 198,981 | | | Abeona Therapeutics, Inc.*(1) | | | 1,711,237 | |
| | 127,073 | | | Aerie Pharmaceuticals, Inc.* | | | 6,757,742 | |
| | 50,075 | | | Agios Pharmaceuticals, Inc.* | | | 3,157,729 | |
| | 542,052 | | | Amicus Therapeutics, Inc.* | | | 6,060,141 | |
| | 387,948 | | | Amneal Pharmaceuticals, Inc.* | | | 7,157,641 | |
| | 118,619 | | | Aptinyx, Inc.* | | | 3,088,839 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% - (continued) | | | |
| | | | Pharmaceuticals, Biotechnology & Life
Sciences - 14.1% - (continued) | |
| | 160,136 | | | Arena Pharmaceuticals, Inc.* | | $ | 5,710,450 | |
| | 89,924 | | | Assembly Biosciences, Inc.* | | | 2,057,461 | |
| | 132,016 | | | Audentes Therapeutics, Inc.* | | | 3,722,851 | |
| | 40,992 | | | Avrobio, Inc.* | | | 1,232,220 | |
| | 117,523 | | | Blueprint Medicines Corp.* | | | 7,141,873 | |
| | 262,085 | | | Catalent, Inc.* | | | 10,572,509 | |
| | 183,976 | | | Coherus Biosciences, Inc.* | | | 2,150,679 | |
| | 196,205 | | | Cytokinetics, Inc.* | | | 1,312,611 | |
| | 232,248 | | | Dermira, Inc.* | | | 2,914,712 | |
| | 213,869 | | | Five Prime Therapeutics, Inc.* | | | 2,596,370 | |
| | 139,213 | | | Flexion Therapeutics, Inc.*(1) | | | 1,884,944 | |
| | 86,899 | | | G1 Therapeutics, Inc.* | | | 3,476,829 | |
| | 159,365 | | | GlycoMimetics, Inc.* | | | 2,004,812 | |
| | 221,105 | | | Heron Therapeutics, Inc.* | | | 6,137,875 | |
| | 315,866 | | | Intersect ENT, Inc.* | | | 8,863,200 | |
| | 147,290 | | | Ironwood Pharmaceuticals, Inc.* | | | 1,929,499 | |
| | 103,800 | | | Karyopharm Therapeutics, Inc.* | | | 1,094,052 | |
| | 71,139 | | | Loxo Oncology, Inc.* | | | 10,860,080 | |
| | 10,401 | | | Madrigal Pharmaceuticals, Inc.* | | | 1,985,135 | |
| | 127,622 | | | Medicines Co.* | | | 2,968,488 | |
| | 101,875 | | | Minerva Neurosciences, Inc.* | | | 1,117,569 | |
| | 131,132 | | | MyoKardia, Inc.* | | | 6,942,128 | |
| | 320,869 | | | NanoString Technologies, Inc.* | | | 4,944,591 | |
| | 136,032 | | | Portola Pharmaceuticals, Inc.*(1) | | | 2,678,470 | |
| | 85,111 | | | REGENXBIO, Inc.* | | | 5,674,350 | |
| | 130,138 | | | Revance Therapeutics, Inc.* | | | 2,833,104 | |
| | 811,222 | | | Rigel Pharmaceuticals, Inc.* | | | 2,328,207 | |
| | 92,861 | | | Spark Therapeutics, Inc.* | | | 4,177,816 | |
| | 197,200 | | | Syneos Health, Inc.* | | | 8,998,236 | |
| | 128,516 | | | Ultragenyx Pharmaceutical, Inc.* | | | 6,226,600 | |
| | | | | | | | |
| | | | | | | 154,471,050 | |
| | | | | | | | |
| | | | Real Estate - 2.6% | |
| | 239,366 | | | Columbia Property Trust, Inc. REIT | | | 5,373,767 | |
| | 53,483 | | | Coresite Realty Corp. REIT | | | 5,019,914 | |
| | 198,164 | | | Corporate Office Properties Trust REIT | | | 5,120,558 | |
| | 124,086 | | | HFF, Inc. Class A | | | 4,560,160 | |
| | 138,789 | | | Pebblebrook Hotel Trust REIT(1) | | | 4,678,577 | |
| | 23,143 | | | PS Business Parks, Inc. REIT | | | 3,022,476 | |
| | 90,187 | | | Sunstone Hotel Investors, Inc. REIT | | | 1,305,006 | |
| | | | | | | | |
| | | | | | | 29,080,458 | |
| | | | | | | | |
| | | | Retailing - 4.0% | |
| | 203,919 | | | Caleres, Inc. | | | 6,974,030 | |
| | 222,223 | | | Core-Mark Holding Co., Inc. | | | 8,535,585 | |
| | 256,226 | | | Etsy, Inc.* | | | 10,894,730 | |
| | 81,524 | | | Five Below, Inc.* | | | 9,279,062 | |
| | 132,425 | | | Floor & Decor Holdings, Inc. Class A* | | | 3,387,431 | |
| | 286,811 | | | Michaels Cos., Inc.*(1) | | | 4,545,954 | |
| | | | | | | | |
| | | | | | | 43,616,792 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 2.8% | |
| | 115,047 | | | Cirrus Logic, Inc.* | | | 4,307,360 | |
| | 277,291 | | | Cohu, Inc. | | | 5,767,653 | |
| | 172,044 | | | Diodes, Inc.* | | | 5,194,008 | |
| | 313,862 | | | Entegris, Inc. | | | 8,329,897 | |
| | 568,908 | | | FormFactor, Inc.* | | | 6,963,434 | |
| | | | | | | | |
| | | | | | | 30,562,352 | |
| | | | | | | | |
| | | | Software & Services - 14.1% | |
| | 97,439 | | | 2U, Inc.* | | | 6,129,887 | |
| | 277,072 | | | 8x8, Inc.* | | | 4,762,868 | |
| | 81,305 | | | Alteryx, Inc. Class A*(1) | | | 4,308,352 | |
| | 71,532 | | | Blackbaud, Inc. | | | 5,130,275 | |
| | 47,120 | | | CACI International, Inc. Class A* | | | 8,409,035 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% - (continued) | | | |
| | | | Software & Services - 14.1% - (continued) | |
| | 203,696 | | | Carbonite, Inc.* | | $ | 6,968,440 | |
| | 459,878 | | | Cloudera, Inc.* | | | 6,327,921 | |
| | 43,563 | | | EPAM Systems, Inc.* | | | 5,204,472 | |
| | 156,015 | | | Everbridge, Inc.* | | | 7,930,242 | |
| | 44,554 | | | Fair Isaac Corp.* | | | 8,586,001 | |
| | 209,910 | | | Five9, Inc.* | | | 8,262,058 | |
| | 201,694 | | | ForeScout Technologies, Inc.* | | | 5,554,653 | |
| | 67,764 | | | HubSpot, Inc.* | | | 9,192,187 | |
| | 174,581 | | | Instructure, Inc.* | | | 6,518,855 | |
| | 180,997 | | | LiveRamp Holdings, Inc.* | | | 8,267,943 | |
| | 203,957 | | | MINDBODY, Inc. Class A* | | | 6,493,991 | |
| | 84,507 | | | MongoDB, Inc.*(1) | | | 6,887,320 | |
| | 137,730 | | | Paylocity Holding Corp.* | | | 9,061,257 | |
| | 123,150 | | | Pegasystems, Inc. | | | 6,590,988 | |
| | 266,457 | | | Pivotal Software, Inc. Class A* | | | 5,435,723 | |
| | 79,531 | | | Q2 Holdings, Inc.* | | | 4,233,435 | |
| | 117,670 | | | Science Applications International Corp. | | | 8,179,242 | |
| | 53,099 | | | Trade Desk, Inc. Class A* | | | 6,560,381 | |
| | | | | | | | |
| | | | 154,995,526 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.4% | |
| | 218,779 | | | CTS Corp. | | | 5,839,211 | |
| | 100,992 | | | ePlus, Inc.* | | | 8,572,201 | |
| | 88,980 | | | Lumentum Holdings, Inc.* | | | 4,862,757 | |
| | 56,064 | | | Rogers Corp.* | | | 6,899,236 | |
| | | | | | | | |
| | | | 26,173,405 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.0% | |
| | 359,454 | | | ORBCOMM, Inc.* | | | 3,425,597 | |
| | 576,278 | | | Vonage Holdings Corp.* | | | 7,641,446 | |
| | | | | | | | |
| | | | 11,067,043 | |
| | | | | | | | |
| | | | Transportation - 1.5% | |
| | 104,775 | | | Genesee & Wyoming, Inc. Class A* | | | 8,301,323 | |
| | 87,564 | | | Knight-Swift Transportation Holdings, Inc. | | | 2,802,048 | |
| | 276,756 | | | Marten Transport Ltd. | | | 5,330,321 | |
| | | | | | | | |
| | | | 16,433,692 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $1,006,315,751) | | $ | 1,062,163,876 | |
| | | | | | | | |
|
| EXCHANGE-TRADED FUNDS - 1.8% | |
| | | | Other Investment Pools & Funds - 1.8% | |
| | 103,268 | | | iShares Russell 2000 Growth ETF(1) | | $ | 19,403,024 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds
(cost $21,349,055) | | $ | 19,403,024 | |
| | | | | | | | |
|
| WARRANTS - 0.0% | |
| | | | Diversified Financials - 0.0% | |
| | 1,613 | | | Emergent Capital, Inc. Expires 04/11/19 | | $ | — | |
| | | | | | | | |
| | |
| | | | Total Warrants
(cost $—) | | $ | — | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $1,027,664,806) | | $ | 1,081,566,900 | |
| | | | | | | | |
| |
| SHORT-TERM INVESTMENTS - 3.9% | | | |
| | | | Other Investment Pools & Funds - 0.8% | |
| | 9,207,802 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | $ | 9,207,802 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 3.1% | |
| | 1,708,152 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 1,708,152 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| SHORT-TERM INVESTMENTS - 3.9% - (continued) | | | |
| | | | Securities Lending Collateral - 3.1% - (continued) | |
| | 13,227,737 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | $ | 13,227,737 | |
| | 3,887,696 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 3,887,696 | |
| | 9,436,905 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 9,436,905 | |
| | 1,805,868 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 1,805,868 | |
| | 4,096,674 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 4,096,674 | |
| | | | | | | | |
| | | | | | | 34,163,032 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $43,370,834) | | $ | 43,370,834 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $1,071,035,640) | | | 102.5 | % | | $ | 1,124,937,734 | |
| | | | Other Assets and Liabilities | | | (2.5 | )% | | | (27,569,943 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,097,367,791 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
DDCA | | Dollars on Deposit in Custody Account |
ETF | | Exchange-Traded Fund |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 17,483,109 | | | $ | 17,483,109 | | | $ | — | | | $ | — | |
Banks | | | 50,228,622 | | | | 50,228,622 | | | | — | | | | — | |
Capital Goods | | | 114,506,551 | | | | 114,506,551 | | | | — | | | | — | |
Commercial & Professional Services | | | 48,608,316 | | | | 48,608,316 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 58,531,912 | | | | 58,531,912 | | | | — | | | | — | |
Consumer Services | | | 27,097,962 | | | | 27,097,962 | | | | — | | | | — | |
Diversified Financials | | | 25,674,243 | | | | 25,674,243 | | | | — | | | | — | |
Energy | | | 23,091,354 | | | | 23,091,354 | | | | — | | | | — | |
Food & Staples Retailing | | | 21,310,650 | | | | 21,310,650 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 11,563,374 | | | | 11,563,374 | | | | — | | | | — | |
Health Care Equipment & Services | | | 139,922,071 | | | | 139,922,071 | | | | — | | | | — | |
Household & Personal Products | | | 8,509,685 | | | | 8,509,685 | | | | — | | | | — | |
Insurance | | | 9,052,159 | | | | 9,052,159 | | | | — | | | | — | |
Materials | | | 30,288,506 | | | | 30,288,506 | | | | — | | | | — | |
Media & Entertainment | | | 9,895,044 | | | | 9,895,044 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 154,471,050 | | | | 154,471,050 | | | | — | | | | — | |
Real Estate | | | 29,080,458 | | | | 29,080,458 | | | | — | | | | — | |
Retailing | | | 43,616,792 | | | | 43,616,792 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 30,562,352 | | | | 30,562,352 | | | | — | | | | — | |
Software & Services | | | 154,995,526 | | | | 154,995,526 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 26,173,405 | | | | 26,173,405 | | | | — | | | | — | |
Telecommunication Services | | | 11,067,043 | | | | 11,067,043 | | | | — | | | | — | |
Transportation | | | 16,433,692 | | | | 16,433,692 | | | | — | | | | — | |
Exchange-Traded Funds | | | 19,403,024 | | | | 19,403,024 | | | | — | | | | — | |
Warrants | | | — | | | | — | | | | — | | | | — | |
Short-Term Investments | | | 43,370,834 | | | | 43,370,834 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,124,937,734 | | | $ | 1,124,937,734 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 93.6% | |
| | | | Banks - 5.0% | |
| | 133,403 | | | BancorpSouth Bank | | $ | 3,828,666 | |
| | 131,153 | | | CenterState Bank Corp. | | | 3,223,741 | |
| | 420,851 | | | MGIC Investment Corp.* | | | 5,138,591 | |
| | 298,650 | | | Sterling Bancorp | | | 5,369,727 | |
| | 46,463 | | | Texas Capital Bancshares, Inc.* | | | 3,030,781 | |
| | 142,941 | | | Union Bankshares Corp. | | | 4,880,006 | |
| | | | | | | | |
| | | | | | | 25,471,512 | |
| | | | | | | | |
| | | | Capital Goods - 8.1% | |
| | 299,485 | | | Actuant Corp. Class A | | | 7,142,717 | |
| | 4,548 | | | Aerojet Rocketdyne Holdings, Inc.* | | | 160,635 | |
| | 50,809 | | | Axon Enterprise, Inc.* | | | 3,135,931 | |
| | 109,586 | | | EnerSys | | | 8,719,758 | |
| | 164,387 | | | ITT, Inc. | | | 8,301,544 | |
| | 203,095 | | | Rexnord Corp.* | | | 5,444,977 | |
| | 48,289 | | | SiteOne Landscape Supply, Inc.* | | | 3,285,584 | |
| | 150,571 | | | SPX FLOW, Inc.* | | | 5,154,045 | |
| | | | | | | | |
| | | | | | | 41,345,191 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 3.4% | |
| | 111,433 | | | Brink’s Co. | | | 7,390,237 | |
| | 11,288 | | | CoStar Group, Inc.* | | | 4,079,709 | |
| | 128,548 | | | TriNet Group, Inc.* | | | 6,040,470 | |
| | | | | | | | |
| | | | | | | 17,510,416 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.3% | |
| | 38,500 | | | iRobot Corp.* | | | 3,394,545 | |
| | 244,261 | | | Skyline Champion Corp. | | | 5,820,740 | |
| | 36,100 | | | Under Armour, Inc. Class A* | | | 798,171 | |
| | 327,314 | | | Under Armour, Inc. Class C* | | | 6,490,636 | |
| | | | | | | | |
| | | | | | | 16,504,092 | |
| | | | | | | | |
| | | | Consumer Services - 5.7% | |
| | 253,567 | | | Boyd Gaming Corp. | | | 6,734,740 | |
| | 580,284 | | | DraftKings, Inc.*(1)(2)(3) | | | 1,479,469 | |
| | 17,400 | | | Grand Canyon Education, Inc.* | | | 2,169,780 | |
| | 82,447 | | | Marriott Vacations Worldwide Corp. | | | 7,295,735 | |
| | 189,012 | | | Planet Fitness, Inc. Class A* | | | 9,278,599 | |
| | 33,823 | | | Wingstop, Inc. | | | 2,117,996 | |
| | | | | | | | |
| | | | | | | 29,076,319 | |
| | | | | | | | |
| | | | Diversified Financials - 1.2% | |
| | 56,457 | | | Green Dot Corp. Class A* | | | 4,276,053 | |
| | 65,794 | | | OneMain Holdings, Inc.* | | | 1,876,445 | |
| | | | | | | | |
| | | | | | | 6,152,498 | |
| | | | | | | | |
| | | | Energy - 2.6% | |
| | 405,086 | | | Centennial Resource Development, Inc. Class A* | | | 7,761,448 | |
| | 149,965 | | | Viper Energy Partners L.P. | | | 5,392,741 | |
| | | | | | | | |
| | | | | | | 13,154,189 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.2% | |
| | 209,800 | | | Performance Food Group Co.* | | | 6,151,336 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.1% | |
| | 77,898 | | | MGP Ingredients, Inc. | | | 5,544,001 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 14.4% | |
| | 48,687 | | | Amedisys, Inc.* | | | 5,355,570 | |
| | 4,841 | | | AtriCure, Inc.* | | | 153,992 | |
| | 4,077 | | | Cardiovascular Systems, Inc.* | | | 114,360 | |
| | 37,632 | | | DexCom, Inc.* | | | 4,996,401 | |
| | 114,193 | | | Globus Medical, Inc. Class A* | | | 6,035,100 | |
| | 57,234 | | | Haemonetics Corp.* | | | 5,979,236 | |
| | 82,120 | | | Hill-Rom Holdings, Inc. | | | 6,904,650 | |
| | 289,861 | | | HMS Holdings Corp.* | | | 8,353,794 | |
| | 126,444 | | | Insulet Corp.* | | | 11,153,625 | |
| | 139,482 | | | Merit Medical Systems, Inc.* | | | 7,967,212 | |
| | 127,602 | | | Omnicell, Inc.* | | | 9,021,461 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 93.6% - (continued) | |
| | | | Health Care Equipment & Services - 14.4% - (continued) | |
| | 35,370 | | | Penumbra, Inc.* | | $ | 4,810,320 | |
| | 35,923 | | | Teladoc Health, Inc.* | | | 2,490,901 | |
| | 1,198 | | | U.S. Physical Therapy, Inc. | | | 128,809 | |
| | | | | | | | |
| | | | | | | 73,465,431 | |
| | | | | | | | |
| | | | Insurance - 0.6% | |
| | 81,883 | | | James River Group Holdings Ltd. | | | 3,152,495 | |
| | | | | | | | |
| | | | Materials - 3.8% | |
| | 143,171 | | | Cabot Corp. | | | 6,969,564 | |
| | 107,520 | | | Carpenter Technology Corp. | | | 4,688,947 | |
| | 271,205 | | | Ferro Corp.* | | | 4,594,213 | |
| | 34,280 | | | Ingevity Corp.* | | | 3,122,223 | |
| | | | | | | | |
| | | | | | | 19,374,947 | |
| | | | | | | | |
| | | | Media & Entertainment - 0.7% | |
| | 39,537 | | | Cargurus, Inc.* | | | 1,756,234 | |
| | 39,398 | | | Yelp, Inc.* | | | 1,687,022 | |
| | | | | | | | |
| | | | | | | 3,443,256 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 13.4% | |
| | 171,780 | | | Abeona Therapeutics, Inc.*(4) | | | 1,477,308 | |
| | 86,680 | | | Aerie Pharmaceuticals, Inc.* | | | 4,609,642 | |
| | 127,344 | | | Amicus Therapeutics, Inc.* | | | 1,423,706 | |
| | 88,398 | | | Arena Pharmaceuticals, Inc.* | | | 3,152,273 | |
| | 49,994 | | | Blueprint Medicines Corp.* | | | 3,038,135 | |
| | 113,125 | | | Exact Sciences Corp.* | | | 8,037,531 | |
| | 38,177 | | | G1 Therapeutics, Inc.* | | | 1,527,462 | |
| | 26,546 | | | Galapagos N.V. ADR* | | | 2,727,071 | |
| | 90,366 | | | Heron Therapeutics, Inc.* | | | 2,508,560 | |
| | 153,300 | | | Ironwood Pharmaceuticals, Inc.* | | | 2,008,230 | |
| | 145,413 | | | Karyopharm Therapeutics, Inc.* | | | 1,532,653 | |
| | 7,189 | | | Ligand Pharmaceuticals, Inc.* | | | 1,184,819 | |
| | 25,854 | | | Loxo Oncology, Inc.* | | | 3,946,872 | |
| | 61,114 | | | MyoKardia, Inc.* | | | 3,235,375 | |
| | 31,097 | | | Neurocrine Biosciences, Inc.* | | | 3,332,044 | |
| | 156,780 | | | Nightstar Therapeutics plc* | | | 1,583,478 | |
| | 77,579 | | | PRA Health Sciences, Inc.* | | | 7,515,078 | |
| | 41,918 | | | REGENXBIO, Inc.* | | | 2,794,673 | |
| | 62,133 | | | Rhythm Pharmaceuticals, Inc.* | | | 1,740,345 | |
| | 15,753 | | | Sage Therapeutics, Inc.* | | | 2,027,096 | |
| | 156,252 | | | Sangamo Therapeutics, Inc.* | | | 1,979,713 | |
| | 41,198 | | | Spark Therapeutics, Inc.* | | | 1,853,498 | |
| | 103,200 | | | Syneos Health, Inc.* | | | 4,709,016 | |
| | | | | | | | |
| | | | | | | 67,944,578 | |
| | | | | | | | |
| | | | Real Estate - 2.2% | |
| | 118,133 | | | Agree Realty Corp. REIT | | | 6,765,477 | |
| | 202,372 | | | Xenia Hotels & Resorts, Inc. REIT | | | 4,158,744 | |
| | | | | | | | |
| | | | | | | 10,924,221 | |
| | | | | | | | |
| | | | Retailing - 7.2% | |
| | 3,136,600 | | | Allstar Co.*(1)(2)(3) | | | 1,442,836 | |
| | 158,328 | | | Etsy, Inc.* | | | 6,732,107 | |
| | 29,486 | | | Five Below, Inc.* | | | 3,356,096 | |
| | 85,052 | | | Floor & Decor Holdings, Inc. Class A* | | | 2,175,630 | |
| | 174,512 | | | MarineMax, Inc.* | | | 3,971,893 | |
| | 24,872 | | | RH*(4) | | | 2,877,939 | |
| | 50,978 | | | Shutterfly, Inc.* | | | 2,548,900 | |
| | 135,529 | | | Sleep Number Corp.* | | | 4,929,190 | |
| | 85,005 | | | Stitch Fix, Inc. Class A*(4) | | | 2,240,732 | |
| | 26,907 | | | Tory Burch LLC*(1)(2)(3) | | | 1,361,786 | |
| | 47,262 | | | Wayfair, Inc. Class A* | | | 5,212,526 | |
| | | | | | | | |
| | | | | | | 36,849,635 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 0.5% | |
| | 102,961 | | | Entegris, Inc. | | | 2,732,585 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 93.6% - (continued) | |
| | | | Software & Services - 14.8% | |
| | 49,654 | | | 2U, Inc.* | | $ | 3,123,733 | |
| | 48,069 | | | Alteryx, Inc. Class A* | | | 2,547,176 | |
| | 149,370 | | | Carbonite, Inc.* | | | 5,109,948 | |
| | 24,164 | | | EPAM Systems, Inc.* | | | 2,886,873 | |
| | 81,636 | | | Everbridge, Inc.* | | | 4,149,558 | |
| | 34,357 | | | Fair Isaac Corp.* | | | 6,620,938 | |
| | 174,917 | | | Five9, Inc.* | | | 6,884,733 | |
| | 122,165 | | | Globant S.A.* | | | 6,289,054 | |
| | 43,730 | | | Guidewire Software, Inc.* | | | 3,890,658 | |
| | 35,051 | | | HubSpot, Inc.* | | | 4,754,668 | |
| | 71,723 | | | LiveRamp Holdings, Inc.* | | | 3,276,307 | |
| | 197,163 | | | Mimecast Ltd.* | | | 6,873,102 | |
| | 104,266 | | | Pivotal Software, Inc. Class A* | | | 2,127,026 | |
| | 60,488 | | | SendGrid, Inc.* | | | 2,196,924 | |
| | 33,613 | | | Trade Desk, Inc. Class A* | | | 4,152,886 | |
| | 51,375 | | | Wix.com Ltd.* | | | 5,001,356 | |
| | 35,181 | | | Zendesk, Inc.* | | | 1,933,900 | |
| | 184,270 | | | Zuora, Inc. Class A* | | | 3,762,794 | |
| | | | | | | | |
| | | | 75,581,634 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 1.7% | |
| | 34,774 | | | II-VI, Inc.* | | | 1,294,636 | |
| | 42,773 | | | Zebra Technologies Corp. Class A* | | | 7,113,150 | |
| | | | | | | | |
| | | | 8,407,786 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.8% | |
| | 138,880 | | | Boingo Wireless, Inc.* | | | 4,351,110 | |
| | 364,683 | | | Vonage Holdings Corp.* | | | 4,835,697 | |
| | | | | | | | |
| | | | 9,186,807 | |
| | | | | | | | |
| | | | Transportation - 0.9% | |
| | 281,818 | | | JetBlue Airways Corp.* | | | 4,714,815 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $451,321,984) | | $ | 476,687,744 | |
| | | | | | | | |
|
| PREFERRED STOCKS - 0.9% | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 0.0% | |
| | 92,973 | | | Sancilio & Co., Inc.*(1)(2)(3) | | $ | — | |
| | | | | | | | |
| | | | Retailing - 0.4% | |
| | 47,489 | | | Honest Co., Inc.*(1)(2)(3) | | | 1,720,052 | |
| | | | | | | | |
| | | | Software & Services - 0.5% | |
| | 263,189 | | | MarkLogic Corp. Series F*(1)(2)(3) | | | 2,626,626 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $5,521,524) | | $ | 4,346,678 | |
| | | | | | | | |
|
| ESCROWS - 0.0%(6) | |
| | | | Software & Services - 0.0% | |
| | 98,033 | | | Veracode, Inc.*(1)(2)(3) | | $ | 53,330 | |
| | | | | | | | |
| | | | Telecommunication Services - 0.0% | |
| | 26,297 | | | Docusign, Inc.*(1)(2)(3) | | | 59,168 | |
| | | | | | | | |
| | |
| | | | Total Escrows
(cost $—) | | $ | 112,498 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $456,843,508) | | $ | 481,146,920 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 8.2% | |
| | | | Other Investment Pools & Funds - 7.4% | |
| | 37,735,433 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(5) | | $ | 37,735,433 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| SHORT-TERM INVESTMENTS - 8.2% - (continued) | |
| | | | Securities Lending Collateral - 0.8% | |
| | 206,759 | | | Citibank NA DDCA, 2.19%, 11/1/2018(5) | | $ | 206,759 | |
| | 1,601,121 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(5) | | | 1,601,121 | |
| | 470,577 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(5) | | | 470,577 | |
| | 1,142,269 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(5) | | | 1,142,269 | |
| | 218,587 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(5) | | | 218,587 | |
| | 495,873 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(5) | | | 495,873 | |
| | | | | | | | |
| | | | | | | 4,135,186 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $41,870,619) | | $ | 41,870,619 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $498,714,127) | | | 102.7 | % | | $ | 523,017,539 | |
| | | | Other Assets and Liabilities | | | (2.7 | )% | | | (13,617,787 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 509,399,752 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Investment valued using significant unobservable inputs. |
| (2) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $8,743,267 or 1.7% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Base
Total Cost | | | Base
Market Value | |
| | 08/2011 | | | Allstar Co. | | | 3,136,600 | | | $ | 1,364,479 | | | $ | 1,442,836 | |
| | 05/2018 | | | Docusign, Inc. | | | 26,297 | | | | — | | | | 59,168 | |
| | 12/2014 | | | DraftKings, Inc. | | | 580,284 | | | | 2,187,550 | | | | 1,479,469 | |
| | 08/2015 | | | Honest Co., Inc. Preferred | | | 47,489 | | | | 2,172,859 | | | | 1,720,052 | |
| | 04/2015 | | | MarkLogic Corp. Series F Preferred | | | 263,189 | | | | 3,056,730 | | | | 2,626,626 | |
| | 05/2014 | | | Sancilio & Co., Inc. Preferred | | | 92,973 | | | | 291,935 | | | | — | |
| | 11/2013 | | | Tory Burch LLC | | | 26,907 | | | | 2,108,912 | | | | 1,361,786 | |
| | 08/2014 | | | Veracode, Inc. | | | 98,033 | | | | — | | | | 53,330 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | $ | 11,182,465 | | | $ | 8,743,267 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments – (continued)
October 31, 2018
| (3) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2018, the aggregate fair value of these securities was $8,743,267, which represented 1.7% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (4) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (5) | Current yield as of period end. |
| (6) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
REIT | | Real Estate Investment Trust |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Banks | | $ | 25,471,512 | | | $ | 25,471,512 | | | $ | — | | | $ | — | |
Capital Goods | | | 41,345,191 | | | | 41,345,191 | | | | — | | | | — | |
Commercial & Professional Services | | | 17,510,416 | | | | 17,510,416 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 16,504,092 | | | | 16,504,092 | | | | — | | | | — | |
Consumer Services | | | 29,076,319 | | | | 27,596,850 | | | | — | | | | 1,479,469 | |
Diversified Financials | | | 6,152,498 | | | | 6,152,498 | | | | — | | | | — | |
Energy | | | 13,154,189 | | | | 13,154,189 | | | | — | | | | — | |
Food & Staples Retailing | | | 6,151,336 | | | | 6,151,336 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 5,544,001 | | | | 5,544,001 | | | | — | | | | — | |
Health Care Equipment & Services | | | 73,465,431 | | | | 73,465,431 | | | | — | | | | — | |
Insurance | | | 3,152,495 | | | | 3,152,495 | | | | — | | | | — | |
Materials | | | 19,374,947 | | | | 19,374,947 | | | | — | | | | — | |
Media & Entertainment | | | 3,443,256 | | | | 3,443,256 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 67,944,578 | | | | 67,944,578 | | | | — | | | | — | |
Real Estate | | | 10,924,221 | | | | 10,924,221 | | | | — | | | | — | |
Retailing | | | 36,849,635 | | | | 34,045,013 | | | | — | | | | 2,804,622 | |
Semiconductors & Semiconductor Equipment | | | 2,732,585 | | | | 2,732,585 | | | | — | | | | — | |
Software & Services | | | 75,581,634 | | | | 75,581,634 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 8,407,786 | | | | 8,407,786 | | | | — | | | | — | |
Telecommunication Services | | | 9,186,807 | | | | 9,186,807 | | | | — | | | | — | |
Transportation | | | 4,714,815 | | | | 4,714,815 | | | | — | | | | — | |
Preferred Stocks | | | 4,346,678 | | | | — | | | | — | | | | 4,346,678 | |
Escrows | | | 112,498 | | | | — | | | | — | | | | 112,498 | |
Short-Term Investments | | | 41,870,619 | | | | 41,870,619 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 523,017,539 | | | $ | 514,274,272 | | | $ | — | | | $ | 8,743,267 | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, investments valued at $2,500,562 were transferred out of Level 3 due to the expiration of trading restrictions and there were no transfers into level 3. |
The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2018:
| | | | | | | | | | | | | | | | |
| | | Common
Stocks | | | Preferred
Stocks | | | Escrows | | | Total | |
Beginning balance | | $ | 2,484,729 | | | $ | 7,971,312 | | | $ | — | | | $ | 10,456,041 | |
Conversions* | | | (394,093 | ) | | | — | | | | 394,093 | | | | — | |
Purchases | | | — | | | | — | | | | — | | | | — | |
Sales | | | — | | | | — | | | | — | | | | — | |
Accrued discounts/(premiums) | | | — | | | | — | | | | — | | | | — | |
Total realized gain/(loss) | | | — | | | | — | | | | — | | | | — | |
Net change in unrealized appreciation/depreciation | | | 2,193,455 | | | | (1,124,072 | ) | | | (281,595 | ) | | | 787,788 | |
Transfers into Level 3 | | | — | | | | — | | | | — | | | | — | |
Transfers out of Level 3 | | | — | | | | (2,500,562 | ) | | | — | | | | (2,500,562 | ) |
| | | | | | | | | | | | | | | | |
Ending balance | | $ | 4,284,091 | | | $ | 4,346,678 | | | $ | 112,498 | | | $ | 8,743,267 | |
| | | | | | | | | | | | | | | | |
The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at October 31, 2018 was $1,670,189.
| * | Private Equity securities that were common stocks are now escrows. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford
Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity
Income Fund | | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare
Fund | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 7,230,803,765 | | | $ | 3,456,703,380 | | | $ | 8,225,202,940 | | | $ | 4,142,429,341 | | | $ | 4,740,010,134 | | | $ | 1,445,317,570 | |
Foreign currency | | | 81 | | | | — | | | | — | | | | 556,036 | | | | 19 | | | | — | |
Cash collateral due from broker on futures contracts | | | 2,370,000 | | | | 4,336,200 | | | | — | | | | — | | | | — | | | | — | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities sold | | | 72,072,687 | | | | — | | | | 27,963,530 | | | | 5,671,398 | | | | 36,863,342 | | | | 3,108,545 | |
Fund shares sold | | | 1,458,467 | | | | 13,069,069 | | | | 6,432,852 | | | | 4,458,243 | | | | 5,248,345 | | | | 881,974 | |
Dividends and interest | | | 6,940,116 | | | | 3,443,958 | | | | 9,184,414 | | | | 4,988,817 | | | | 486,144 | | | | 1,063,086 | |
Securities lending income | | | 10,975 | | | | — | | | | 156 | | | | 181 | | | | 37,542 | | | | 13,080 | |
Tax reclaims | | | 1,918,829 | | | | — | | | | 1,292,352 | | | | 2,064,045 | | | | 580,766 | | | | 46,607 | |
Variation margin on futures contracts | | | 509,577 | | | | 847,530 | | | | — | | | | — | | | | — | | | | — | |
Other assets | | | 64,854 | | | | 77,619 | | | | 78,138 | | | | 72,086 | | | | 74,992 | | | | 58,011 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total assets | | | 7,316,149,351 | | | | 3,478,477,756 | | | | 8,270,154,382 | | | | 4,160,240,147 | | | | 4,783,301,284 | | | | 1,450,488,873 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | |
Bank overdraft | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Obligation to return securities lending collateral | | | 42,409,117 | | | | — | | | | — | | | | — | | | | 50,639,843 | | | | 14,720,638 | |
Payables: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 81,750,841 | | | | 1,300,481 | | | | 27,461,836 | | | | 7,332,563 | | | | 25,726,731 | | | | 1,669,003 | |
Fund shares redeemed | | | 6,821,147 | | | | 5,465,955 | | | | 5,435,462 | | | | 6,128,072 | | | | 5,346,955 | | | | 3,336,590 | |
Investment management fees | | | 4,201,760 | | | | 1,043,081 | | | | 4,342,949 | | | | 2,225,334 | | | | 2,943,751 | | | | 1,081,065 | |
Transfer agent fees | | | 1,847,036 | | | | 508,132 | | | | 1,283,835 | | | | 739,359 | | | | 1,115,931 | | | | 398,951 | |
Accounting services fees | | | 124,848 | | | | 53,717 | | | | 107,301 | | | | 62,428 | | | | 87,045 | | | | 22,891 | |
Board of Directors’ fees | | | 33,977 | | | | 14,158 | | | | 35,585 | | | | 18,211 | | | | 21,090 | | | | 6,370 | |
Distribution fees | | | 268,538 | | | | 83,664 | | | | 191,404 | | | | 121,646 | | | | 140,662 | | | | 59,044 | |
Accrued expenses | | | 429,615 | | | | 174,910 | | | | 388,296 | | | | 217,504 | | | | 295,228 | | | | 101,086 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total liabilities | | | 137,886,879 | | | | 8,644,098 | | | | 39,246,668 | | | | 16,845,117 | | | | 86,317,236 | | | | 21,395,638 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 7,178,262,472 | | | $ | 3,469,833,658 | | | $ | 8,230,907,714 | | | $ | 4,143,395,030 | | | $ | 4,696,984,048 | | | $ | 1,429,093,235 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 6,030,854,589 | | | $ | 2,691,949,896 | | | $ | 5,562,816,028 | | | $ | 3,122,497,210 | | | $ | 3,345,539,507 | | | $ | 1,182,926,814 | |
Distributable earnings | | | 1,147,407,883 | | | | 777,883,762 | | | | 2,668,091,686 | | | | 1,020,897,820 | | | | 1,351,444,541 | | | | 246,166,421 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 7,178,262,472 | | | $ | 3,469,833,658 | | | $ | 8,230,907,714 | | | $ | 4,143,395,030 | | | $ | 4,696,984,048 | | | $ | 1,429,093,235 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares authorized | | | 1,765,000,000 | | | | 750,000,000 | | | | 1,300,000,000 | | | | 800,000,000 | | | | 23,900,000,000 | | | | 610,000,000 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Par value | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0001 | | | $ | 0.0010 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 37.88 | | | $ | 30.17 | | | $ | 25.63 | | | $ | 19.39 | | | $ | 45.89 | | | $ | 34.38 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 40.08 | | | $ | 31.93 | | | $ | 27.12 | | | $ | 20.52 | | | $ | 48.56 | | | $ | 36.38 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 125,222,138 | | | | 22,083,261 | | | | 137,376,614 | | | | 77,792,226 | | | | 43,869,049 | | | | 19,841,585 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 4,742,846,180 | | | $ | 666,353,852 | | | $ | 3,521,062,127 | | | $ | 1,508,579,744 | | | $ | 2,013,200,081 | | | $ | 682,175,060 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 29.30 | | | $ | 27.53 | | | $ | 24.75 | | | $ | 19.29 | | | $ | 29.36 | | | $ | 27.98 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 14,546,309 | | | | 10,646,576 | | | | 9,213,435 | | | | 17,149,435 | | | | 10,954,663 | | | | 5,721,978 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 426,255,806 | | | $ | 293,063,636 | | | $ | 228,076,475 | | | $ | 330,741,442 | | | $ | 321,653,027 | | | $ | 160,083,510 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 38.08 | | | $ | 30.26 | | | $ | 25.51 | | | $ | 19.29 | | | $ | 47.99 | | | $ | 36.11 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 19,290,770 | | | | 37,363,504 | | | | 33,226,271 | | | | 60,025,880 | | | | 34,886,747 | | | | 10,505,765 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 734,579,570 | | | $ | 1,130,599,879 | | | $ | 847,645,966 | | | $ | 1,157,708,419 | | | $ | 1,674,140,518 | | | $ | 379,392,446 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 41.62 | | | $ | 30.52 | | | $ | 25.97 | | | $ | 19.41 | | | $ | 45.98 | | | $ | 35.32 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 1,486,662 | | | | 1,139,097 | | | | 2,800,692 | | | | 2,411,592 | | | | 1,037,564 | | | | 1,087,692 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 61,881,885 | | | $ | 34,764,693 | | | $ | 72,722,523 | | | $ | 46,819,797 | | | $ | 47,707,409 | | | $ | 38,412,487 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 42.94 | | | $ | 31.03 | | | $ | 26.14 | | | $ | 19.44 | | | $ | 48.38 | | | $ | 37.12 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 1,202,519 | | | | 4,668,175 | | | | 5,035,530 | | | | 3,623,353 | | | | 1,637,495 | | | | 872,198 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 51,635,497 | | | $ | 144,866,159 | | | $ | 131,649,140 | | | $ | 70,446,478 | | | $ | 79,228,614 | | | $ | 32,372,631 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 43.80 | | | $ | 30.47 | | | $ | 26.25 | | | $ | 19.54 | | | $ | 50.48 | | | $ | 38.82 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 782,797 | | | | 6,612,715 | | | | 5,597,022 | | | | 4,072,198 | | | | 390,432 | | | | 199,857 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 34,287,837 | | | $ | 201,510,068 | | | $ | 146,918,172 | | | $ | 79,556,755 | | | $ | 19,708,124 | | | $ | 7,757,466 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R6: Net asset value per share | | $ | 44.07 | | | $ | 30.61 | | | $ | 26.25 | | | $ | 19.58 | | | $ | 51.18 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 1,609,661 | | | | 4,790,682 | | | | 2,849,064 | | | | 1,785,001 | | | | 235,666 | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 70,934,797 | | | $ | 146,642,513 | | | $ | 74,794,927 | | | $ | 34,956,573 | | | $ | 12,060,701 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford
Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity
Income Fund | | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare
Fund | |
Class Y: Net asset value per share | | $ | 44.06 | | | $ | 30.61 | | | $ | 26.25 | | | $ | 19.58 | | | $ | 51.18 | | | $ | 39.29 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 3,988,784 | | | | 7,083,001 | | | | 23,481,107 | | | | 7,151,711 | | | | 2,495,707 | | | | 1,346,335 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 175,731,217 | | | $ | 216,787,886 | | | $ | 616,453,956 | | | $ | 140,057,103 | | | $ | 127,720,684 | | | $ | 52,896,401 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 38.09 | | | $ | 30.28 | | | $ | 25.50 | | | $ | 19.29 | | | $ | 48.07 | | | $ | 36.17 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 23,107,137 | | | | 20,980,040 | | | | 101,645,757 | | | | 40,157,652 | | | | 8,353,415 | | | | 2,101,098 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 880,109,683 | | | $ | 635,244,972 | | | $ | 2,591,584,428 | | | $ | 774,528,719 | | | $ | 401,564,890 | | | $ | 76,003,234 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Cost of investments | | $ | 7,095,120,542 | | | $ | 2,845,650,911 | | | $ | 6,320,130,681 | | | $ | 3,439,734,402 | | | $ | 4,449,898,166 | | | $ | 1,283,771,445 | |
Cost of foreign currency | | $ | 81 | | | $ | — | | | $ | — | | | $ | 557,943 | | | $ | 20 | | | $ | — | |
| | | | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 40,701,404 | | | $ | — | | | $ | — | | | $ | — | | | $ | 52,889,567 | | | $ | 14,298,996 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | | | Hartford
Quality
Value Fund | | | Hartford
Small Cap
Core Fund | | | The Hartford
Small Cap
Growth Fund | | | The Hartford
Small
Company Fund | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 12,329,116,553 | | | $ | 638,994,252 | | | $ | 283,563,253 | | | $ | 107,400,026 | | | $ | 1,124,937,734 | | | $ | 523,017,539 | |
Foreign currency | | | — | | | | — | | | | 7 | | | | — | | | | — | | | | 5 | |
Cash collateral due from broker on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities sold | | | 62,165,953 | | | | 1,119,417 | | | | 1,929,071 | | | | — | | | | 11,491,989 | | | | 4,400,871 | |
Fund shares sold | | | 23,776,974 | | | | 1,178,632 | | | | 35,593 | | | | 34,664 | | | | 9,893,785 | | | | 733,234 | |
Dividends and interest | | | 1,736,703 | | | | 370,204 | | | | 309,848 | | | | 24,765 | | | | 125,874 | | | | 87,024 | |
Securities lending income | | | 128,506 | | | | 2,746 | | | | 481 | | | | 2,921 | | | | 9,419 | | | | 5,656 | |
Tax reclaims | | | — | | | | 11,346 | | | | 114,800 | | | | — | | | | — | | | | — | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Other assets | | | 200,775 | | | | 40,412 | | | | 44,505 | | | | 55,580 | | | | 48,992 | | | | 70,241 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total assets | | | 12,417,125,464 | | | | 641,717,009 | | | | 285,997,558 | | | | 107,517,956 | | | | 1,146,507,793 | | | | 528,314,570 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | |
Bank overdraft | | | 6,782,197 | | | | — | | | | — | | | | — | | | | — | | | | — | |
Obligation to return securities lending collateral | | | 35,575,880 | | | | 7,463,725 | | | | 1,392,402 | | | | 5,335,128 | | | | 34,163,032 | | | | 4,135,186 | |
Payables: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 42,982,255 | | | | 2,206,626 | | | | 1,215,466 | | | | — | | | | 4,805,248 | | | | 13,738,242 | |
Fund shares redeemed | | | 24,085,805 | | | | 574,050 | | | | 210,746 | | | | 96,614 | | | | 9,118,112 | | | | 395,632 | |
Investment management fees | | | 7,575,466 | | | | 411,775 | | | | 112,231 | | | | 62,250 | | | | 685,676 | | | | 369,147 | |
Transfer agent fees | | | 1,841,194 | | | | 151,220 | | | | 88,334 | | | | 32,348 | | | | 226,357 | | | | 155,978 | |
Accounting services fees | | | 142,990 | | | | 10,227 | | | | 4,489 | | | | 1,601 | | | | 17,577 | | | | 9,895 | |
Board of Directors’ fees | | | 49,385 | | | | 2,954 | | | | 1,203 | | | | 548 | | | | 5,357 | | | | 2,208 | |
Distribution fees | | | 218,376 | | | | 15,717 | | | | 8,560 | | | | 3,260 | | | | 15,854 | | | | 15,277 | |
Accrued expenses | | | 800,665 | | | | 99,348 | | | | 42,503 | | | | 25,048 | | | | 102,789 | | | | 93,253 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total liabilities | | | 120,054,213 | | | | 10,935,642 | | | | 3,075,934 | | | | 5,556,797 | | | | 49,140,002 | | | | 18,914,818 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 12,297,071,251 | | | $ | 630,781,367 | | | $ | 282,921,624 | | | $ | 101,961,159 | | | $ | 1,097,367,791 | | | $ | 509,399,752 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 9,553,539,711 | | | $ | 554,794,437 | | | $ | 262,741,660 | | | $ | 68,976,709 | | | $ | 823,187,611 | | | $ | 397,122,505 | |
Distributable earnings | | | 2,743,531,540 | | | | 75,986,930 | | | | 20,179,964 | | | | 32,984,450 | | | | 274,180,180 | | | | 112,277,247 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 12,297,071,251 | | | $ | 630,781,367 | | | $ | 282,921,624 | | | $ | 101,961,159 | | | $ | 1,097,367,791 | | | $ | 509,399,752 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares authorized | | | 1,180,000,000 | | | | 610,000,000 | | | | 27,160,000,000 | | | | 1,110,000,000 | | | | 27,150,000,000 | | | | 650,000,000 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Par value | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0001 | | | $ | 0.0010 | | | $ | 0.0001 | | | $ | 0.0010 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 30.03 | | | $ | 14.54 | | | $ | 20.00 | | | $ | 13.65 | | | $ | 55.20 | | | $ | 22.20 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 31.78 | | | $ | 15.39 | | | $ | 21.16 | | | $ | 14.44 | | | $ | 58.41 | | | $ | 23.49 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 86,320,809 | | | | 19,582,695 | | | | 8,214,850 | | | | 3,839,978 | | | | 3,682,595 | | | | 12,789,445 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 2,592,609,913 | | | $ | 284,645,551 | | | $ | 164,324,790 | | | $ | 52,405,804 | | | $ | 203,296,610 | | | $ | 283,912,284 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 21.90 | | | $ | 11.97 | | | $ | 17.12 | | | $ | 12.35 | | | $ | 41.81 | | | $ | 16.11 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 26,516,435 | | | | 1,495,690 | | | | 530,619 | | | | 521,955 | | | | 555,228 | | | | 727,916 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 580,708,001 | | | $ | 17,909,373 | | | $ | 9,082,003 | | | $ | 6,443,707 | | | $ | 23,212,045 | | | $ | 11,728,931 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 30.91 | | | $ | 14.68 | | | $ | 19.78 | | | $ | 13.68 | | | $ | 57.17 | | | $ | 23.28 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 118,609,472 | | | | 2,360,440 | | | | 655,883 | | | | 274,578 | | | | 4,256,714 | | | | 1,226,037 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,666,463,600 | | | $ | 34,655,976 | | | $ | 12,974,390 | | | $ | 3,755,904 | | | $ | 243,340,195 | | | $ | 28,539,881 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 33.31 | | | $ | 15.23 | | | $ | 20.29 | | | $ | 14.02 | | | $ | 54.70 | | | $ | 23.95 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 3,081,326 | | | | 627,363 | | | | 52,989 | | | | 37,719 | | | | 241,507 | | | | 684,302 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 102,631,654 | | | $ | 9,555,397 | | | $ | 1,074,957 | | | $ | 528,896 | | | $ | 13,210,277 | | | $ | 16,386,181 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 34.59 | | | $ | 15.55 | | | $ | 20.49 | | | $ | 14.16 | | | $ | 56.99 | | | $ | 25.28 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 8,355,467 | | | | 748,720 | | | | 293,510 | | | | 3,379 | | | | 1,212,451 | | | | 605,093 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 289,049,100 | | | $ | 11,639,071 | | | $ | 6,014,417 | | | $ | 47,847 | | | $ | 69,096,689 | | | $ | 15,295,248 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 35.55 | | | $ | 15.76 | | | $ | 20.67 | | | $ | 14.16 | | | $ | 59.48 | | | $ | 26.53 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 13,169,548 | | | | 513,088 | | | | 24,373 | | | | 2,528 | | | | 1,595,300 | | | | 100,907 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 468,145,948 | | | $ | 8,087,089 | | | $ | 503,757 | | | $ | 35,789 | | | $ | 94,887,118 | | | $ | 2,677,559 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class R6: Net asset value per share | | $ | 35.90 | | | $ | — | | | $ | 20.74 | | | $ | 14.15 | | | $ | 60.16 | | | $ | 27.02 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 28,256,714 | | | | — | | | | 476 | | | | 715 | | | | 736,023 | | | | 5,317 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,014,517,560 | | | $ | — | | | $ | 9,872 | | | $ | 10,117 | | | $ | 44,277,730 | | | $ | 143,682 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | | | Hartford
Quality
Value Fund | | | Hartford
Small Cap
Core Fund | | | The Hartford
Small Cap
Growth Fund | | | The Hartford
Small
Company Fund | |
Class Y: Net asset value per share | | $ | 35.87 | | | $ | 15.80 | | | $ | 20.72 | | | $ | 14.15 | | | $ | 60.20 | | | $ | 27.01 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 53,927,929 | | | | 719,548 | | | | 29,010 | | | | 45,643 | | | | 5,947,709 | | | | 1,308,725 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,934,520,496 | | | $ | 11,371,414 | | | $ | 601,040 | | | $ | 646,025 | | | $ | 358,048,579 | | | $ | 35,350,941 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 30.96 | | | $ | 14.69 | | | $ | 19.77 | | | $ | 13.68 | | | $ | 57.30 | | | $ | 23.35 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 53,241,149 | | | | 17,217,788 | | | | 4,468,889 | | | | 2,783,842 | | | | 837,688 | | | | 4,941,210 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,648,424,979 | | | $ | 252,917,496 | | | $ | 88,336,398 | | | $ | 38,087,070 | | | $ | 47,998,548 | | | $ | 115,365,045 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Cost of investments | | $ | 10,894,130,128 | | | $ | 630,782,969 | | | $ | 280,738,626 | | | $ | 99,604,772 | | | $ | 1,071,035,640 | | | $ | 498,714,127 | |
Cost of foreign currency | | $ | — | | | $ | — | | | $ | 7 | | | $ | — | | | $ | — | | | $ | 5 | |
| | | | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 33,723,481 | | | $ | 7,470,050 | | | $ | 1,365,609 | | | $ | 5,145,758 | | | $ | 33,887,559 | | | $ | 3,992,250 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Operations
For the Year Ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford
Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity
Income Fund | | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare
Fund | |
Investment Income: | | | | | | | | | | | | | | | | | | | | | | | | |
Dividends | | $ | 115,111,696 | | | $ | 49,349,799 | | | $ | 209,971,361 | | | $ | 127,265,726 | | | $ | 23,690,130 | | | $ | 12,708,059 | |
Interest | | | 2,075,877 | | | | 940,488 | | | | 3,389,850 | | | | 1,253,475 | | | | 733,177 | | | | 586,273 | |
Securities lending | | | 305,305 | | | | — | | | | 33,592 | | | | 49,160 | | | | 708,278 | | | | 212,432 | |
Less: Foreign tax withheld | | | (1,537,718 | ) | | | — | | | | (2,340,832 | ) | | | (2,809,877 | ) | | | (144,903 | ) | | | (208,494 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total investment income, net | | | 115,955,160 | | | | 50,290,287 | | | | 211,053,971 | | | | 125,758,484 | | | | 24,986,682 | | | | 13,298,270 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | 53,035,552 | | | | 11,886,149 | | | | 51,532,676 | | | | 26,807,026 | | | | 35,291,780 | | | | 12,779,509 | |
Administrative services fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class R3 | | | 141,838 | | | | 82,179 | | | | 155,670 | | | | 105,418 | | | | 101,892 | | | | 84,818 | |
Class R4 | | | 93,606 | | | | 247,348 | | | | 208,502 | | | | 115,612 | | | | 126,408 | | | | 52,418 | |
Class R5 | | | 39,109 | | | | 199,168 | | | | 142,611 | | | | 83,435 | | | | 19,893 | | | | 6,723 | |
Transfer agent fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | 5,461,611 | | | | 695,358 | | | | 3,688,069 | | | | 1,471,577 | | | | 2,376,518 | | | | 937,925 | |
Class C | | | 1,288,801 | | | | 312,892 | | | | 495,621 | | | | 399,439 | | | | 450,810 | | | | 299,909 | |
Class I | | | 710,392 | | | | 897,124 | | | | 727,850 | | | | 1,025,001 | | | | 1,509,796 | | | | 360,935 | |
Class R3 | | | 14,253 | | | | 5,473 | | | | 9,212 | | | | 5,243 | | | | 7,369 | | | | 4,226 | |
Class R4 | | | 4,672 | | | | 4,874 | | | | 4,224 | | | | 3,063 | | | | 4,056 | | | | 2,215 | |
Class R5 | | | 2,094 | | | | 3,685 | | | | 2,298 | | | | 3,533 | | | | 2,166 | | | | 1,197 | |
Class R6 | | | 913 | | | | 4,111 | | | | 1,197 | | | | 937 | | | | 186 | | | | — | |
Class Y | | | 24,335 | | | | 64,690 | | | | 270,278 | | | | 65,787 | | | | 46,258 | | | | 10,618 | |
Class F | | | 2,245 | | | | 252 | | | | 2,520 | | | | 654 | | | | 878 | | | | 123 | |
Distribution fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | 11,435,387 | | | | 1,639,065 | | | | 8,881,819 | | | | 4,007,863 | | | | 5,067,496 | | | | 1,736,976 | |
Class C | | | 11,556,124 | | | | 3,268,429 | | | | 4,271,259 | | | | 4,242,638 | | | | 4,228,786 | | | | 2,333,795 | |
Class R3 | | | 354,594 | | | | 205,446 | | | | 389,175 | | | | 263,546 | | | | 254,730 | | | | 212,045 | |
Class R4 | | | 156,011 | | | | 412,246 | | | | 347,504 | | | | 192,686 | | | | 210,680 | | | | 87,363 | |
Custodian fees | | | 121,388 | | | | 10,513 | | | | 21,724 | | | | 16,344 | | | | 108,850 | | | | 16,319 | |
Registration and filing fees | | | 195,052 | | | | 240,106 | | | | 259,668 | | | | 240,380 | | | | 209,815 | | | | 161,460 | |
Accounting services fees | | | 1,552,559 | | | | 611,764 | | | | 1,270,130 | | | | 749,404 | | | | 1,041,147 | | | | 270,664 | |
Board of Directors’ fees | | | 227,577 | | | | 97,306 | | | | 242,079 | | | | 124,462 | | | | 143,848 | | | | 43,100 | |
Audit fees | | | 51,422 | | | | 18,643 | | | | 15,091 | | | | 17,666 | | | | 38,566 | | | | 27,561 | |
Other expenses | | | 680,599 | | | | 368,745 | | | | 985,133 | | | | 539,133 | | | | 562,635 | | | | 200,699 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total expenses (before waivers and fees paid indirectly) | | | 87,150,134 | | | | 21,275,566 | | | | 73,924,310 | | | | 40,480,847 | | | | 51,804,563 | | | | 19,630,598 | |
Expense waivers | | | (10,793 | ) | | | (1,734 | ) | | | — | | | | — | | | | (2,058 | ) | | | — | |
Distribution fee reimbursements | | | (191,018 | ) | | | (68,694 | ) | | | (91,157 | ) | | | (15,767 | ) | | | (122,792 | ) | | | (28,480 | ) |
Commission recapture | | | (122,704 | ) | | | (2,837 | ) | | | (43,987 | ) | | | (10,696 | ) | | | (64,311 | ) | | | (5,329 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total waivers and fees paid indirectly | | | (324,515 | ) | | | (73,265 | ) | | | (135,144 | ) | | | (26,463 | ) | | | (189,161 | ) | | | (33,809 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total expenses, net | | | 86,825,619 | | | | 21,202,301 | | | | 73,789,166 | | | | 40,454,384 | | | | 51,615,402 | | | | 19,596,789 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 29,129,541 | | | | 29,087,986 | | | | 137,264,805 | | | | 85,304,100 | | | | (26,628,720 | ) | | | (6,298,519 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on investments | | | 1,051,983,983 | | | | 147,782,652 | | | | 749,815,108 | | | | 304,707,877 | | | | 1,119,464,471 | | | | 111,305,704 | |
Net realized gain (loss) on futures contracts | | | (1,513,252 | ) | | | 606,809 | | | | — | | | | — | | | | — | | | | — | |
Net realized gain (loss) on foreign currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Net realized gain (loss) on other foreign currency transactions | | | (643,712 | ) | | | (3 | ) | | | 41,794 | | | | (87,514 | ) | | | (131,596 | ) | | | (11,221 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 1,049,827,019 | | | | 148,389,458 | | | | 749,856,902 | | | | 304,620,363 | | | | 1,119,332,875 | | | | 111,294,483 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | |
|
|
| | | | | | | | |
Net unrealized appreciation (depreciation) of investments | | | (723,850,790 | ) | | | 125,497,009 | | | | (503,569,392 | ) | | | (358,953,930 | ) | | | (691,116,959 | ) | | | (46,261,884 | ) |
Net unrealized appreciation (depreciation) of futures contracts | | | (1,993,236 | ) | | | (4,075,762 | ) | | | — | | | | — | | | | — | | | | — | |
Net unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies | | | (30,780 | ) | | | — | | | | — | | | | (20,137 | ) | | | (11,209 | ) | | | 5,052 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | (725,874,806 | ) | | | 121,421,247 | | | | (503,569,392 | ) | | | (358,974,067 | ) | | | (691,128,168 | ) | | | (46,256,832 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 323,952,213 | | | | 269,810,705 | | | | 246,287,510 | | | | (54,353,704 | ) | | | 428,204,707 | | | | 65,037,651 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 353,081,754 | | | $ | 298,898,691 | | | $ | 383,552,315 | | | $ | 30,950,396 | | | $ | 401,575,987 | | | $ | 58,739,132 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Operations – (continued)
For the Year Ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | | | Hartford
Quality
Value Fund | | | Hartford
Small Cap
Core Fund | | | The Hartford
Small Cap
Growth Fund | | | The Hartford
Small
Company Fund | |
Investment Income: | | | | | | | | | | | | | | | | | | | | | | | | |
Dividends | | $ | 83,884,858 | | | $ | 9,750,800 | | | $ | 7,508,051 | | | $ | 1,980,795 | | | $ | 7,963,967 | | | $ | 2,045,018 | |
Interest | | | 689,232 | | | | 194,542 | | | | 78,170 | | | | 14,793 | | | | 277,952 | | | | 280,946 | |
Securities lending | | | 561,795 | | | | 62,103 | | | | 2,239 | | | | 25,977 | | | | 148,438 | | | | 38,615 | |
Less: Foreign tax withheld | | | (393,980 | ) | | | (68,000 | ) | | | (120,270 | ) | | | (2,881 | ) | | | (2,335 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total investment income, net | | | 84,741,905 | | | | 9,939,445 | | | | 7,468,190 | | | | 2,018,684 | | | | 8,388,022 | | | | 2,364,579 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | 83,898,491 | | | | 5,103,139 | | | | 1,525,644 | | | | 933,946 | | | | 8,968,046 | | | | 4,287,169 | |
Administrative services fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class R3 | | | 206,910 | | | | 22,944 | | | | 2,423 | | | | 1,011 | | | | 30,264 | | | | 39,964 | |
Class R4 | | | 452,683 | | | | 19,020 | | | | 10,507 | | | | 121 | | | | 118,253 | | | | 30,857 | |
Class R5 | | | 429,319 | | | | 10,076 | | | | 693 | | | | 39 | | | | 114,255 | | | | 2,721 | |
Transfer agent fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | 2,887,163 | | | | 499,231 | | | | 320,229 | | | | 103,300 | | | | 462,837 | | | | 501,675 | |
Class C | | | 829,560 | | | | 60,129 | | | | 35,029 | | | | 23,817 | | | | 47,542 | | | | 56,521 | |
Class I | | | 2,646,152 | | | | 39,202 | | | | 13,264 | | | | 4,009 | | | | 262,258 | | | | 46,594 | |
Class R3 | | | 17,517 | | | | 2,329 | | | | 237 | | | | 100 | | | | 3,041 | | | | 4,150 | |
Class R4 | | | 35,424 | | | | 2,061 | | | | 1,226 | | | | 17 | | | | 4,225 | | | | 2,348 | |
Class R5 | | | 10,795 | | | | 1,321 | | | | 151 | | | | 8 | | | | 3,213 | | | | 535 | |
Class R6 | | | 21,857 | | | | — | | | | — | | | | — | | | | 1,173 | | | | 1 | |
Class Y | | | 614,515 | | | | 12,234 | | | | 462 | | | | 521 | | | | 152,468 | | | | 2,820 | |
Class F | | | 1,633 | | | | 310 | | | | 66 | | | | 78 | | | | 337 | | | | 237 | |
Distribution fees | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | 6,580,726 | | | | 740,679 | | | | 433,379 | | | | 133,003 | | | | 548,766 | | | | 690,120 | |
Class C | | | 7,635,611 | | | | 342,194 | | | | 183,912 | | | | 106,612 | | | | 355,278 | | | | 269,458 | |
Class R3 | | | 517,275 | | | | 57,360 | | | | 6,057 | | | | 2,529 | | | | 75,660 | | | | 99,910 | |
Class R4 | | | 754,472 | | | | 31,701 | | | | 17,512 | | | | 202 | | | | 197,087 | | | | 51,428 | |
Custodian fees | | | 45,869 | | | | 13,630 | | | | 5,610 | | | | 3,147 | | | | 7,885 | | | | 7,509 | |
Registration and filing fees | | | 606,736 | | | | 163,574 | | | | 134,097 | | | | 126,564 | | | | 166,649 | | | | 145,623 | |
Accounting services fees | | | 1,607,388 | | | | 127,471 | | | | 52,739 | | | | 22,633 | | | | 231,731 | | | | 114,837 | |
Board of Directors’ fees | | | 343,462 | | | | 20,475 | | | | 8,297 | | | | 3,664 | | | | 37,461 | | | | 14,843 | |
Audit fees | | | 16,205 | | | | 19,760 | | | | 35,681 | | | | 20,104 | | | | 19,570 | | | | 41,912 | |
Other expenses | | | 1,990,778 | | | | 221,451 | | | | 53,421 | | | | 23,584 | | | | 219,274 | | | | 153,111 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total expenses (before waivers and fees paid indirectly) | | | 112,150,541 | | | | 7,510,291 | | | | 2,840,636 | | | | 1,509,009 | | | | 12,027,273 | | | | 6,564,343 | |
Expense waivers | | | — | | | | — | | | | (50,397 | ) | | | (70,185 | ) | | | — | | | | (96,513 | ) |
Distribution fee reimbursements | | | (96,028 | ) | | | (7,309 | ) | | | (9,261 | ) | | | (6,624 | ) | | | (15,587 | ) | | | (14,144 | ) |
Commission recapture | | | (53,365 | ) | | | (7,535 | ) | | | (1,438 | ) | | | — | | | | (5,187 | ) | | | (13,325 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total waivers and fees paid indirectly | | | (149,393 | ) | | | (14,844 | ) | | | (61,096 | ) | | | (76,809 | ) | | | (20,774 | ) | | | (123,982 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total expenses, net | | | 112,001,148 | | | | 7,495,447 | | | | 2,779,540 | | | | 1,432,200 | | | | 12,006,499 | | | | 6,440,361 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | (27,259,243 | ) | | | 2,443,998 | | | | 4,688,650 | | | | 586,484 | | | | (3,618,477 | ) | | | (4,075,782 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on investments | | | 1,338,167,518 | | | | 67,536,611 | | | | 12,965,991 | | | | 24,948,249 | | | | 225,263,306 | | | | 105,807,435 | |
Net realized gain (loss) on futures contracts | | | — | | | | — | | | | — | | | | 548 | | | | — | | | | — | |
Net realized gain (loss) on foreign currency contracts | | | — | | | | — | | | | 150,252 | | | | — | | | | — | | | | — | |
Net realized gain (loss) on other foreign currency transactions | | | 2,381 | | | | (170,042 | ) | | | 10,653 | | | | — | | | | — | | | | 833 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | | | 1,338,169,899 | | | | 67,366,569 | | | | 13,126,896 | | | | 24,948,797 | | | | 225,263,306 | | | | 105,808,268 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments: | | | | | | | | | | | | | | | | | | | | | | | | |
Net unrealized appreciation (depreciation) of investments | | | (1,053,603,351 | ) | | | (98,189,286 | ) | | | (12,944,585 | ) | | | (22,059,218 | ) | | | (183,849,268 | ) | | | (58,998,231 | ) |
Net unrealized appreciation (depreciation) of futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Net unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | — | | | | (134,557 | ) | | | — | | | | — | | | | — | |
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies | | | — | | | | 1,705 | | | | (730 | ) | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments | | | (1,053,603,351 | ) | | | (98,187,581 | ) | | | (13,079,872 | ) | | | (22,059,218 | ) | | | (183,849,268 | ) | | | (58,998,231 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments and Foreign Currency Transactions | | | 284,566,548 | | | | (30,821,012 | ) | | | 47,024 | | | | 2,889,579 | | | | 41,414,038 | | | | 46,810,037 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 257,307,305 | | | $ | (28,377,014 | ) | | $ | 4,735,674 | | | $ | 3,476,063 | | | $ | 37,795,561 | | | $ | 42,734,255 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
Capital Appreciation Fund | | | Hartford
Core Equity Fund | | | The Hartford
Dividend and Growth Fund | |
| | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | |
Operations: | | | | | | | | | |
Net investment income (loss) | | $ | 29,129,541 | | | $ | 25,338,914 | | | $ | 29,087,986 | | | $ | 31,631,365 | | | $ | 137,264,805 | | | $ | 128,216,517 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 1,049,827,019 | | | | 1,218,030,805 | | | | 148,389,458 | | | | 82,815,083 | | | | 749,856,902 | | | | 797,408,213 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (725,874,806 | ) | | | 432,116,150 | | | | 121,421,247 | | | | 417,226,593 | | | | (503,569,392 | ) | | | 693,517,612 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 353,081,754 | | | | 1,675,485,869 | | | | 298,898,691 | | | | 531,673,041 | | | | 383,552,315 | | | | 1,619,142,342 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class A | | | (606,326,646 | ) | | | (18,554,633 | ) | | | (21,919,937 | ) | | | (9,032,928 | ) | | | (392,731,234 | ) | | | (167,472,119 | ) |
Class B | | | — | | | | — | | | | — | | | | (6,015 | ) | | | — | | | | (652,591 | ) |
Class C | | | (192,535,075 | ) | | | — | | | | (9,824,353 | ) | | | (2,757,200 | ) | | | (47,166,268 | ) | | | (18,465,563 | ) |
Class I | | | (112,999,632 | ) | | | (8,757,228 | ) | | | (36,517,509 | ) | | | (12,855,468 | ) | | | (89,574,705 | ) | | | (89,275,150 | ) |
Class R3 | | | (8,606,238 | ) | | | (35,341 | ) | | | (1,304,880 | ) | | | (482,588 | ) | | | (8,267,443 | ) | | | (3,402,364 | ) |
Class R4 | | | (8,617,809 | ) | | | (166,664 | ) | | | (5,833,533 | ) | | | (2,002,607 | ) | | | (14,963,939 | ) | | | (6,440,361 | ) |
Class R5 | | | (4,727,926 | ) | | | (296,900 | ) | | | (7,238,859 | ) | | | (1,974,057 | ) | | | (14,896,682 | ) | | | (5,505,095 | ) |
Class R6 | | | (8,465,656 | ) | | | (420,762 | ) | | | (4,628,300 | ) | | | (676,731 | ) | | | (2,134,094 | ) | | | (190,644 | ) |
Class Y | | | (21,588,189 | ) | | | (6,768,545 | ) | | | (5,743,412 | ) | | | (4,646,503 | ) | | | (67,373,460 | ) | | | (65,879,380 | ) |
Class F | | | (148,455,017 | ) | | | — | | | | (22,560,533 | ) | | | — | | | | (294,232,092 | ) | | | (14,230,080 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (1,112,322,188 | ) | | | (35,000,073 | ) | | | (115,571,316 | ) | | | (34,434,097 | ) | | | (931,339,917 | ) | | | (371,513,347 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | |
Sold | | | 1,024,978,367 | | | | 1,788,213,414 | | | | 1,034,630,470 | | | | 1,969,362,927 | | | | 1,305,754,651 | | | | 3,690,057,839 | |
Issued on reinvestment of distributions | | | 1,024,872,512 | | | | 31,116,668 | | | | 110,126,116 | | | | 32,030,378 | | | | 904,747,281 | | | | 360,648,072 | |
Redeemed | | | (2,362,392,164 | ) | | | (3,769,536,199 | ) | | | (1,049,713,011 | ) | | | (1,659,163,332 | ) | | | (1,815,707,318 | ) | | | (4,436,994,825 | )�� |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (312,541,285 | ) | | | (1,950,206,117 | ) | | | 95,043,575 | | | | 342,229,973 | | | | 394,794,614 | | | | (386,288,914 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (1,071,781,719 | ) | | | (309,720,321 | ) | | | 278,370,950 | | | | 839,468,917 | | | | (152,992,988 | ) | | | 861,340,081 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | |
Beginning of period | | | 8,250,044,191 | | | | 8,559,764,512 | | | | 3,191,462,708 | | | | 2,351,993,791 | | | | 8,383,900,702 | | | | 7,522,560,621 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 7,178,262,472 | | | $ | 8,250,044,191 | | | $ | 3,469,833,658 | | | $ | 3,191,462,708 | | | $ | 8,230,907,714 | | | $ | 8,383,900,702 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
Equity Income Fund | | | The Hartford
Growth Opportunities Fund | | | The Hartford
Healthcare Fund | |
| | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018
| | | For the
Year Ended
October 31,
2017
| |
Operations: | | | | | | | | | |
Net investment income (loss) | | $ | 85,304,100 | | | $ | 74,982,678 | | | $ | (26,628,720 | ) | | $ | (23,283,245 | ) | | $ | (6,298,519 | ) | | $ | (6,269,669 | ) |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 304,620,363 | | | | 219,163,452 | | | | 1,119,332,875 | | | | 468,331,787 | | | | 111,294,483 | | | | 91,906,101 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (358,974,067 | ) | | | 456,560,081 | | | | (691,128,168 | ) | | | 612,040,042 | | | | (46,256,832 | ) | | | 216,032,279 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 30,950,396 | | | | 750,706,211 | | | | 401,575,987 | | | | 1,057,088,584 | | | | 58,739,132 | | | | 301,668,711 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class A | | | (110,568,818 | ) | | | (82,130,248 | ) | | | (158,556,200 | ) | | | (63,089,307 | ) | | | (35,671,123 | ) | | | (69,929,000 | ) |
Class B | | | — | | | | (255,372 | ) | | | — | | | | (198,896 | ) | | | — | | | | (212,371 | ) |
Class C | | | (26,593,783 | ) | | | (19,219,032 | ) | | | (50,309,267 | ) | | | (21,586,491 | ) | | | (14,636,384 | ) | | | (27,701,127 | ) |
Class I | | | (80,508,699 | ) | | | (56,710,221 | ) | | | (124,475,405 | ) | | | (60,579,338 | ) | | | (17,037,825 | ) | | | (19,440,293 | ) |
Class R3 | | | (3,521,663 | ) | | | (2,576,781 | ) | | | (4,054,099 | ) | | | (1,730,026 | ) | | | (2,149,358 | ) | | | (4,038,027 | ) |
Class R4 | | | (5,230,591 | ) | | | (3,825,105 | ) | | | (6,430,582 | ) | | | (2,508,474 | ) | | | (1,635,340 | ) | | | (3,354,329 | ) |
Class R5 | | | (5,773,145 | ) | | | (3,690,522 | ) | | | (1,298,270 | ) | | | (290,570 | ) | | | (311,084 | ) | | | (447,294 | ) |
Class R6 | | | (2,239,099 | ) | | | (935,399 | ) | | | (405,519 | ) | | | (44,153 | ) | | | — | | | | — | |
Class Y | | | (9,816,882 | ) | | | (17,896,566 | ) | | | (7,918,200 | ) | | | (8,011,998 | ) | | | (2,027,884 | ) | | | (4,374,439 | ) |
Class F | | | (51,013,597 | ) | | | (4,370,699 | ) | | | (49,296,790 | ) | | | — | | | | (3,055,878 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (295,266,277 | ) | | | (191,609,945 | ) | | | (402,744,332 | ) | | | (158,039,253 | ) | | | (76,524,876 | ) | | | (129,496,880 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | |
Sold | | | 873,087,387 | | | | 1,676,451,131 | | | | 969,192,221 | | | | 1,530,981,689 | | | | 299,018,988 | | | | 466,309,038 | |
Issued on reinvestment of distributions | | | 282,151,407 | | | | 182,989,221 | | | | 368,471,573 | | | | 140,743,476 | | | | 72,780,594 | | | | 123,834,128 | |
Redeemed | | | (1,058,675,637 | ) | | | (1,807,452,054 | ) | | | (1,385,082,501 | ) | | | (2,090,041,757 | ) | | | (429,112,111 | ) | | | (638,422,427 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 96,563,157 | | | | 51,988,298 | | | | (47,418,707 | ) | | | (418,316,592 | ) | | | (57,312,529 | ) | | | (48,279,261 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (167,752,724 | ) | | | 611,084,564 | | | | (48,587,052 | ) | | | 480,732,739 | | | | (75,098,273 | ) | | | 123,892,570 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | |
Beginning of period | | | 4,311,147,754 | | | | 3,700,063,190 | | | | 4,745,571,100 | | | | 4,264,838,361 | | | | 1,504,191,508 | | | | 1,380,298,938 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 4,143,395,030 | | | $ | 4,311,147,754 | | | $ | 4,696,984,048 | | | $ | 4,745,571,100 | | | $ | 1,429,093,235 | | | $ | 1,504,191,508 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | The Hartford
MidCap Fund | | | The Hartford
MidCap Value Fund | | | Hartford
Quality Value Fund | |
| | | For the
Year Ended
October 31,
2018
| | | For the
Year Ended
October 31,
2017
| | | For the
Year Ended
October 31,
2018
| | | For the
Year Ended
October 31,
2017
| | | For the
Year Ended
October 31,
2018
| | | For the
Year Ended
October 31,
2017
| |
Operations: | | | | | | | | | |
Net investment income (loss) | | $ | (27,259,243 | ) | | $ | (24,334,307 | ) | | $ | 2,443,998 | | | $ | 848,551 | | | $ | 4,688,650 | | | $ | 2,288,873 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 1,338,169,899 | | | | 507,689,486 | | | | 67,366,569 | | | | 18,668,069 | | | | 13,126,896 | | | | 10,591,378 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | (1,053,603,351 | ) | | | 1,603,504,435 | | | | (98,187,581 | ) | | | 82,108,819 | | | | (13,079,872 | ) | | | 24,235,367 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 257,307,305 | | | | 2,086,859,614 | | | | (28,377,014 | ) | | | 101,625,439 | | | | 4,735,674 | | | | 37,115,618 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class A | | | (114,449,039 | ) | | | (64,829,511 | ) | | | (7,223,583 | ) | | | (17,899,811 | ) | | | (8,334,392 | ) | | | (2,884,156 | ) |
Class B | | | — | | | | (713,743 | ) | | | — | | | | (52,454 | ) | | | — | | | | (5,882 | ) |
Class C | | | (44,224,199 | ) | | | (25,554,276 | ) | | | (1,054,080 | ) | | | (3,017,301 | ) | | | (939,316 | ) | | | (249,466 | ) |
Class I | | | (137,926,366 | ) | | | (63,591,553 | ) | | | (1,061,423 | ) | | | (7,885,319 | ) | | | (739,645 | ) | | | (414,084 | ) |
Class R3 | | | (3,811,998 | ) | | | (2,100,323 | ) | | | (281,738 | ) | | | (766,406 | ) | | | (51,825 | ) | | | (31,542 | ) |
Class R4 | | | (10,885,993 | ) | | | (4,670,316 | ) | | | (300,127 | ) | | | (868,377 | ) | | | (346,523 | ) | | | (135,292 | ) |
Class R5 | | | (14,370,283 | ) | | | (5,615,946 | ) | | | (270,417 | ) | | | (711,508 | ) | | | (23,373 | ) | | | (36,214 | ) |
Class R6 | | | (19,124,476 | ) | | | (763,492 | ) | | | — | | | | — | | | | — | | | | — | |
Class Y | | | (61,748,284 | ) | | | (41,187,648 | ) | | | (697,801 | ) | | | (5,370,866 | ) | | | (53,600 | ) | | | (17,344 | ) |
Class F | | | (56,547,280 | ) | | | — | | | | (6,915,715 | ) | | | — | | | | (2,280,455 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (463,087,918 | ) | | | (209,026,808 | ) | | | (17,804,884 | ) | | | (36,572,042 | ) | | | (12,769,129 | ) | | | (3,773,980 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | |
Sold | | | 4,914,460,268 | | | | 4,941,271,558 | | | | 178,140,524 | | | | 471,414,642 | | | | 99,183,936 | | | | 47,715,054 | |
Issued on reinvestment of distributions | | | 443,523,450 | | | | 201,230,778 | | | | 17,573,868 | | | | 35,808,807 | | | | 12,375,926 | | | | 3,602,922 | |
Redeemed | | | (3,285,208,745 | ) | | | (2,933,636,028 | ) | | | (191,784,914 | ) | | | (379,688,625 | ) | | | (59,096,311 | ) | | | (90,074,828 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 2,072,774,973 | | | | 2,208,866,308 | | | | 3,929,478 | | | | 127,534,824 | | | | 52,463,551 | | | | (38,756,852 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 1,866,994,360 | | | | 4,086,699,114 | | | | (42,252,420 | ) | | | 192,588,221 | | | | 44,430,096 | | | | (5,415,214 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | |
Beginning of period | | | 10,430,076,891 | | | | 6,343,377,777 | | | | 673,033,787 | | | | 480,445,566 | | | | 238,491,528 | | | | 243,906,742 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 12,297,071,251 | | | $ | 10,430,076,891 | | | $ | 630,781,367 | | | $ | 673,033,787 | | | $ | 282,921,624 | | | $ | 238,491,528 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Hartford
Small Cap Core Fund | | | The Hartford
Small Cap Growth Fund | | | The Hartford
Small Company Fund | |
| | | For the
Year Ended
October��31,
2018
| | | For the
Year Ended
October 31,
2017
| | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | |
Operations: | | | | | | | | | |
Net investment income (loss) | | $ | 586,484 | | | $ | 787,051 | | | $ | (3,618,477 | ) | | $ | (3,310,160 | ) | | $ | (4,075,782 | ) | | $ | (2,787,803 | ) |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 24,948,797 | | | | 14,075,100 | | | | 225,263,306 | | | | 66,682,435 | | | | 105,808,268 | | | | 50,785,166 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | (22,059,218 | ) | | | 21,514,412 | | | | (183,849,268 | ) | | | 197,077,473 | | | | (58,998,231 | ) | | | 75,778,230 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 3,476,063 | | | | 36,376,563 | | | | 37,795,561 | | | | 260,449,748 | | | | 42,734,255 | | | | 123,775,593 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class A | | | (2,315,926 | ) | | | (418,020 | ) | | | (10,167,241 | ) | | | (1,339,813 | ) | | | — | | | | — | |
Class B | | | — | | | | — | | | | — | | | | (4,904 | ) | | | — | | | | — | |
Class C | | | (508,602 | ) | | | (21,501 | ) | | | (2,203,133 | ) | | | (315,082 | ) | | | — | | | | — | |
Class I | | | (146,673 | ) | | | (35,368 | ) | | | (20,092,838 | ) | | | (905,289 | ) | | | — | | | | — | |
Class R3 | | | (16,003 | ) | | | (4,536 | ) | | | (702,522 | ) | | | (86,418 | ) | | | — | | | | — | |
Class R4 | | | (4,290 | ) | | | (1,224 | ) | | | (3,465,055 | ) | | | (438,392 | ) | | | — | | | | — | |
Class R5 | | | (2,044 | ) | | | (538 | ) | | | (5,057,310 | ) | | | (655,380 | ) | | | — | | | | — | |
Class R6 | | | — | | | | — | | | | (548,465 | ) | | | (26,101 | ) | | | — | | | | — | |
Class Y | | | (61,224 | ) | | | (1,227,713 | ) | | | (16,305,895 | ) | | | (1,848,510 | ) | | | — | | | | — | |
Class F | | | (4,128,489 | ) | | | — | | | | (2,220,863 | ) | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (7,183,251 | ) | | | (1,708,900 | ) | | | (60,763,322 | ) | | | (5,619,889 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | |
Sold | | | 10,834,354 | | | | 115,627,599 | | | | 280,228,679 | | | | 546,399,609 | | | | 123,581,364 | | | | 190,851,786 | |
Issued on reinvestment of distributions | | | 7,135,493 | | | | 1,700,741 | | | | 58,239,385 | | | | 5,330,601 | | | | — | | | | — | |
Redeemed | | | (68,460,953 | ) | | | (166,969,990 | ) | | | (537,355,309 | ) | | | (336,713,861 | ) | | | (128,907,283 | ) | | | (334,991,199 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (50,491,106 | ) | | | (49,641,650 | ) | | | (198,887,245 | ) | | | 215,016,349 | | | | (5,325,919 | ) | | | (144,139,413 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (54,198,294 | ) | | | (14,973,987 | ) | | | (221,855,006 | ) | | | 469,846,208 | | | | 37,408,336 | | | | (20,363,820 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | |
Beginning of period | | | 156,159,453 | | | | 171,133,440 | | | | 1,319,222,797 | | | | 849,376,589 | | | | 471,991,416 | | | | 492,355,236 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 101,961,159 | | | $ | 156,159,453 | | | $ | 1,097,367,791 | | | $ | 1,319,222,797 | | | $ | 509,399,752 | | | $ | 471,991,416 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Capital Appreciation Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 41.86 | | | $ | 0.15 | | | $ | 1.45 | | | $ | 1.60 | | | $ | (0.26 | ) | | $ | (5.32 | ) | | $ | (5.58 | ) | | $ | 37.88 | | | | 3.92 | % | | $ | 4,742,846 | | | | 1.07 | % | | | 1.06 | % | | | 0.38 | % | | | 108 | % |
C | | | 33.62 | | | | (0.11 | ) | | | 1.16 | | | | 1.05 | | | | (0.05 | ) | | | (5.32 | ) | | | (5.37 | ) | | | 29.30 | | | | 3.15 | | | | 426,256 | | | | 1.81 | | | | 1.81 | | | | (0.34 | ) | | | 108 | |
I | | | 42.04 | | | | 0.26 | | | | 1.44 | | | | 1.70 | | | | (0.34 | ) | | | (5.32 | ) | | | (5.66 | ) | | | 38.08 | | | | 4.19 | | | | 734,580 | | | | 0.78 | | | | 0.78 | | | | 0.66 | | | | 108 | |
R3 | | | 45.39 | | | | 0.02 | | | | 1.56 | | | | 1.58 | | | | (0.03 | ) | | | (5.32 | ) | | | (5.35 | ) | | | 41.62 | | | | 3.57 | | | | 61,882 | | | | 1.42 | | | | 1.41 | | | | 0.04 | | | | 108 | |
R4 | | | 46.69 | | | | 0.15 | | | | 1.62 | | | | 1.77 | | | | (0.20 | ) | | | (5.32 | ) | | | (5.52 | ) | | | 42.94 | | | | 3.87 | | | | 51,635 | | | | 1.10 | | | | 1.10 | | | | 0.34 | | | | 108 | |
R5 | | | 47.54 | | | | 0.30 | | | | 1.63 | | | | 1.93 | | | | (0.35 | ) | | | (5.32 | ) | | | (5.67 | ) | | | 43.80 | | | | 4.18 | | | | 34,288 | | | | 0.80 | | | | 0.80 | | | | 0.65 | | | | 108 | |
R6 | | | 47.80 | | | | 0.35 | | | | 1.64 | | | | 1.99 | | | | (0.40 | ) | | | (5.32 | ) | | | (5.72 | ) | | | 44.07 | | | | 4.29 | | | | 70,935 | | | | 0.70 | | | | 0.70 | | | | 0.75 | | | | 108 | |
Y | | | 47.78 | | | | 0.34 | | | | 1.64 | | | | 1.98 | | | | (0.38 | ) | | | (5.32 | ) | | | (5.70 | ) | | | 44.06 | | | | 4.28 | | | | 175,731 | | | | 0.71 | | | | 0.71 | | | | 0.74 | | | | 108 | |
F | | | 42.06 | | | | 0.30 | | | | 1.45 | | | | 1.75 | | | | (0.40 | ) | | | (5.32 | ) | | | (5.72 | ) | | | 38.09 | | | | 4.28 | | | | 880,110 | | | | 0.70 | | | | 0.70 | | | | 0.75 | | | | 108 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 34.49 | | | $ | 0.13 | | | $ | 7.39 | | | $ | 7.52 | | | $ | (0.15 | ) | | $ | — | | | $ | (0.15 | ) | | $ | 41.86 | | | | 21.86 | % | | $ | 4,613,982 | | | | 1.09 | %(4) | | | 1.08 | %(4) | | | 0.34 | % | | | 123 | % |
C | | | 27.80 | | | | (0.12 | ) | | | 5.94 | | | | 5.82 | | | | — | | | | — | | | | — | | | | 33.62 | | | | 20.97 | | | | 1,241,267 | | | | 1.82 | (4) | | | 1.82 | (4) | | | (0.39 | ) | | | 123 | |
I | | | 34.65 | | | | 0.25 | | | | 7.40 | | | | 7.65 | | | | (0.26 | ) | | | — | | | | (0.26 | ) | | | 42.04 | | | | 22.20 | | | | 846,019 | | | | 0.81 | (4) | | | 0.81 | (4) | | | 0.63 | | | | 123 | |
R3 | | | 37.38 | | | | 0.01 | | | | 8.01 | | | | 8.02 | | | | (0.01 | ) | | | — | | | | (0.01 | ) | | | 45.39 | | | | 21.47 | | | | 75,201 | | | | 1.42 | (4) | | | 1.40 | (4) | | | 0.03 | | | | 123 | |
R4 | | | 38.39 | | | | 0.14 | | | | 8.23 | | | | 8.37 | | | | (0.07 | ) | | | — | | | | (0.07 | ) | | | 46.69 | | | | 21.82 | | | | 74,374 | | | | 1.11 | (4) | | | 1.11 | (4) | | | 0.33 | | | | 123 | |
R5 | | | 39.15 | | | | 0.28 | | | | 8.37 | | | | 8.65 | | | | (0.26 | ) | | | — | | | | (0.26 | ) | | | 47.54 | | | | 22.20 | | | | 40,582 | | | | 0.81 | (4) | | | 0.80 | (4) | | | 0.63 | | | | 123 | |
R6 | | | 39.36 | | | | 0.31 | | | | 8.42 | | | | 8.73 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 47.80 | | | | 22.33 | | | | 70,142 | | | | 0.71 | (4) | | | 0.71 | (4) | | | 0.71 | | | | 123 | |
Y | | | 39.36 | | | | 0.30 | | | | 8.41 | | | | 8.71 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 47.78 | | | | 22.27 | | | | 184,502 | | | | 0.72 | (4) | | | 0.72 | (4) | | | 0.70 | | | | 123 | |
F(5) | | | 38.15 | | | | 0.18 | | | | 3.73 | | | | 3.91 | | | | — | | | | — | | | | — | | | | 42.06 | | | | 10.28 | (6) | | | 1,103,972 | | | | 0.71 | (4)(7) | | | 0.71 | (4)(7) | | | 0.65 | (7) | | | 123 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 38.15 | | | $ | 0.13 | | | $ | (0.57 | ) | | $ | (0.44 | ) | | $ | (0.12 | ) | | $ | (3.10 | ) | | $ | (3.22 | ) | | $ | 34.49 | | | | (0.97 | )% | | $ | 4,609,594 | | | | 1.11 | % | | | 1.11 | %(8) | | | 0.39 | % | | | 88 | % |
B | | | 31.00 | | | | (0.13 | ) | | | (0.49 | ) | | | (0.62 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 27.28 | | | | (1.82 | ) | | | 58,647 | | | | 2.00 | | | | 2.00 | (8) | | | (0.49 | ) | | | 88 | |
C | | | 31.48 | | | | (0.09 | ) | | | (0.49 | ) | | | (0.58 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 27.80 | | | | (1.65 | ) | | | 1,420,171 | | | | 1.83 | | | | 1.83 | (8) | | | (0.33 | ) | | | 88 | |
I | | | 38.31 | | | | 0.24 | | | | (0.57 | ) | | | (0.33 | ) | | | (0.23 | ) | | | (3.10 | ) | | | (3.33 | ) | | | 34.65 | | | | (0.65 | ) | | | 1,225,026 | | | | 0.81 | | | | 0.81 | (8) | | | 0.70 | | | | 88 | |
R3 | | | 41.06 | | | | 0.03 | | | | (0.61 | ) | | | (0.58 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 37.38 | | | | (1.26 | ) | | | 103,526 | | | | 1.43 | | | | 1.42 | (8) | | | 0.09 | | | | 88 | |
R4 | | | 42.07 | | | | 0.15 | | | | (0.63 | ) | | | (0.48 | ) | | | (0.10 | ) | | | (3.10 | ) | | | (3.20 | ) | | | 38.39 | | | | (0.95 | ) | | | 100,426 | | | | 1.12 | | | | 1.12 | (8) | | | 0.39 | | | | 88 | |
R5 | | | 42.84 | | | | 0.27 | | | | (0.64 | ) | | | (0.37 | ) | | | (0.22 | ) | | | (3.10 | ) | | | (3.32 | ) | | | 39.15 | | | | (0.65 | ) | | | 45,643 | | | | 0.82 | | | | 0.82 | (8) | | | 0.69 | | | | 88 | |
R6 | | | 43.03 | | | | 0.33 | | | | (0.66 | ) | | | (0.33 | ) | | | (0.24 | ) | | | (3.10 | ) | | | (3.34 | ) | | | 39.36 | | | | (0.56 | ) | | | 57,432 | | | | 0.72 | | | | 0.72 | (8) | | | 0.85 | | | | 88 | |
Y | | | 43.05 | | | | 0.30 | | | | (0.63 | ) | | | (0.33 | ) | | | (0.26 | ) | | | (3.10 | ) | | | (3.36 | ) | | | 39.36 | | | | (0.55 | ) | | | 939,300 | | | | 0.72 | | | | 0.72 | (8) | | | 0.78 | | | | 88 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 49.44 | | | $ | 0.13 | | | $ | 1.27 | | | $ | 1.40 | | | $ | (0.13 | ) | | $ | (12.56 | ) | | $ | (12.69 | ) | | $ | 38.15 | | | | 4.20 | % | | $ | 5,453,502 | | | | 1.09 | % | | | 1.09 | % | | | 0.34 | % | | | 79 | % |
B | | | 42.72 | | | | (0.17 | ) | | | 1.01 | | | | 0.84 | | | | — | | | | (12.56 | ) | | | (12.56 | ) | | | 31.00 | | | | 3.30 | | | | 158,610 | | | | 1.97 | | | | 1.97 | | | | (0.53 | ) | | | 79 | |
C | | | 43.13 | | | | (0.12 | ) | | | 1.03 | | | | 0.91 | | | | — | | | | (12.56 | ) | | | (12.56 | ) | | | 31.48 | | | | 3.47 | | | | 1,799,846 | | | | 1.81 | | | | 1.81 | | | | (0.38 | ) | | | 79 | |
I | | | 49.60 | | | | 0.26 | | | | 1.26 | | | | 1.52 | | | | (0.25 | ) | | | (12.56 | ) | | | (12.81 | ) | | | 38.31 | | | | 4.53 | | | | 1,736,395 | | | | 0.78 | | | | 0.78 | | | | 0.66 | | | | 79 | |
R3 | | | 52.24 | | | | 0.01 | | | | 1.37 | | | | 1.38 | | | | — | | | | (12.56 | ) | | | (12.56 | ) | | | 41.06 | | | | 3.87 | | | | 124,072 | | | | 1.40 | | | | 1.40 | | | | 0.03 | | | | 79 | |
R4 | | | 53.19 | | | | 0.14 | | | | 1.41 | | | | 1.55 | | | | (0.11 | ) | | | (12.56 | ) | | | (12.67 | ) | | | 42.07 | | | | 4.18 | | | | 179,454 | | | | 1.10 | | | | 1.10 | | | | 0.33 | | | | 79 | |
R5 | | | 53.92 | | | | 0.28 | | | | 1.43 | | | | 1.71 | | | | (0.23 | ) | | | (12.56 | ) | | | (12.79 | ) | | | 42.84 | | | | 4.49 | | | | 53,292 | | | | 0.80 | | | | 0.80 | | | | 0.63 | | | | 79 | |
R6(9) | | | 54.32 | | | | 0.30 | | | | 1.25 | | | | 1.55 | | | | (0.28 | ) | | | (12.56 | ) | | | (12.84 | ) | | | 43.03 | | | | 4.16 | (6) | | | 10 | | | | 0.76 | (7) | | | 0.75 | (7) | | | 0.70 | (7) | | | 79 | |
Y | | | 54.12 | | | | 0.32 | | | | 1.45 | | | | 1.77 | | | | (0.28 | ) | | | (12.56 | ) | | | (12.84 | ) | | | 43.05 | | | | 4.60 | | | | 1,253,378 | | | | 0.70 | | | | 0.70 | | | | 0.73 | | | | 79 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 45.91 | | | $ | 0.22 | | | $ | 5.31 | | | $ | 5.53 | | | $ | (0.12 | ) | | $ | (1.88 | ) | | $ | (2.00 | ) | | $ | 49.44 | | | | 12.49 | % | | $ | 5,789,682 | | | | 1.10 | % | | | 1.10 | % | | | 0.46 | % | | | 111 | % |
B | | | 40.14 | | | | (0.16 | ) | | | 4.62 | | | | 4.46 | | | | — | | | | (1.88 | ) | | | (1.88 | ) | | | 42.72 | | | | 11.55 | | | | 270,227 | | | | 1.95 | | | | 1.95 | | | | (0.39 | ) | | | 111 | |
C | | | 40.46 | | | | (0.11 | ) | | | 4.66 | | | | 4.55 | | | | — | | | | (1.88 | ) | | | (1.88 | ) | | | 43.13 | | | | 11.69 | | | | 1,992,142 | | | | 1.81 | | | | 1.81 | | | | (0.26 | ) | | | 111 | |
I | | | 46.01 | | | | 0.37 | | | | 5.34 | | | | 5.71 | | | | (0.24 | ) | | | (1.88 | ) | | | (2.12 | ) | | | 49.60 | | | | 12.87 | | | | 2,194,464 | | | | 0.76 | | | | 0.76 | | | | 0.79 | | | | 111 | |
R3 | | | 48.42 | | | | 0.08 | | | | 5.62 | | | | 5.70 | | | | — | | | | (1.88 | ) | | | (1.88 | ) | | | 52.24 | | | | 12.16 | | | | 136,576 | | | | 1.40 | | | | 1.40 | | | | 0.16 | | | | 111 | |
R4 | | | 49.24 | | | | 0.23 | | | | 5.72 | | | | 5.95 | | | | (0.12 | ) | | | (1.88 | ) | | | (2.00 | ) | | | 53.19 | | | | 12.50 | | | | 191,319 | | | | 1.10 | | | | 1.10 | | | | 0.46 | | | | 111 | |
R5 | | | 49.80 | | | | 0.37 | | | | 5.81 | | | | 6.18 | | | | (0.18 | ) | | | (1.88 | ) | | | (2.06 | ) | | | 53.92 | | | | 12.82 | | | | 59,285 | | | | 0.80 | | | | 0.80 | | | | 0.72 | | | | 111 | |
Y | | | 50.05 | | | | 0.46 | | | | 5.79 | | | | 6.25 | | | | (0.30 | ) | | | (1.88 | ) | | | (2.18 | ) | | | 54.12 | | | | 12.94 | | | | 1,284,539 | | | | 0.70 | | | | 0.70 | | | | 0.88 | | | | 111 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Core Equity Fund | |
For the Year Ended October 31, 2018
| |
A | | $ | 28.53 | | | $ | 0.22 | | | $ | 2.42 | | | $ | 2.64 | | | $ | (0.25 | ) | | $ | (0.75 | ) | | $ | (1.00 | ) | | $ | 30.17 | | | | 9.41 | % | | $ | 666,354 | | | | 0.74 | % | | | 0.74 | % | | | 0.73 | % | | | 22 | % |
C | | | 26.13 | | | | — | | | | 2.22 | | | | 2.22 | | | | (0.07 | ) | | | (0.75 | ) | | | (0.82 | ) | | | 27.53 | | | | 8.61 | | | | 293,064 | | | | 1.48 | | | | 1.48 | | | | — | | | | 22 | |
I | | | 28.60 | | | | 0.30 | | | | 2.43 | | | | 2.73 | | | | (0.32 | ) | | | (0.75 | ) | | | (1.07 | ) | | | 30.26 | | | | 9.72 | | | | 1,130,600 | | | | 0.47 | | | | 0.47 | | | | 1.00 | | | | 22 | |
R3 | | | 28.85 | | | | 0.12 | | | | 2.44 | | | | 2.56 | | | | (0.14 | ) | | | (0.75 | ) | | | (0.89 | ) | | | 30.52 | | | | 9.02 | | | | 34,765 | | | | 1.10 | | | | 1.10 | | | | 0.38 | | | | 22 | |
R4 | | | 29.32 | | | | 0.22 | | | | 2.48 | | | | 2.70 | | | | (0.24 | ) | | | (0.75 | ) | | | (0.99 | ) | | | 31.03 | | | | 9.37 | | | | 144,866 | | | | 0.79 | | | | 0.76 | | | | 0.72 | | | | 22 | |
R5 | | | 28.81 | | | | 0.30 | | | | 2.44 | | | | 2.74 | | | | (0.33 | ) | | | (0.75 | ) | | | (1.08 | ) | | | 30.47 | | | | 9.69 | | | | 201,510 | | | | 0.49 | | | | 0.49 | | | | 0.99 | | | | 22 | |
R6 | | | 28.93 | | | | 0.33 | | | | 2.45 | | | | 2.78 | | | | (0.35 | ) | | | (0.75 | ) | | | (1.10 | ) | | | 30.61 | | | | 9.80 | | | | 146,643 | | | | 0.39 | | | | 0.39 | | | | 1.08 | | | | 22 | |
Y | | | 28.93 | | | | 0.32 | | | | 2.45 | | | | 2.77 | | | | (0.34 | ) | | | (0.75 | ) | | | (1.09 | ) | | | 30.61 | | | | 9.77 | | | | 216,788 | | | | 0.42 | | | | 0.42 | | | | 1.06 | | | | 22 | |
F | | | 28.63 | | | | 0.33 | | | | 2.42 | | | | 2.75 | | | | (0.35 | ) | | | (0.75 | ) | | | (1.10 | ) | | | 30.28 | | | | 9.80 | | | | 635,245 | | | | 0.39 | | | | 0.39 | | | | 1.09 | | | | 22 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 23.87 | | | $ | 0.27 | | | $ | 4.70 | | | $ | 4.97 | | | $ | (0.12 | ) | | $ | (0.19 | ) | | $ | (0.31 | ) | | $ | 28.53 | | | | 21.06 | % | | $ | 631,817 | | | | 0.75 | % | | | 0.75 | % | | | 1.05 | % | | | 39 | % |
C | | | 21.94 | | | | 0.07 | | | | 4.33 | | | | 4.40 | | | | (0.02 | ) | | | (0.19 | ) | | | (0.21 | ) | | | 26.13 | | | | 20.20 | | | | 316,886 | | | | 1.50 | | | | 1.50 | | | | 0.30 | | | | 39 | |
I | | | 23.93 | | | | 0.34 | | | | 4.71 | | | | 5.05 | | | | (0.19 | ) | | | (0.19 | ) | | | (0.38 | ) | | | 28.60 | | | | 21.37 | | | | 982,686 | | | | 0.52 | | | | 0.52 | | | | 1.30 | | | | 39 | |
R3 | | | 24.18 | | | | 0.19 | | | | 4.77 | | | | 4.96 | | | | (0.10 | ) | | | (0.19 | ) | | | (0.29 | ) | | | 28.85 | | | | 20.71 | | | | 43,004 | | | | 1.11 | | | | 1.09 | | | | 0.72 | | | | 39 | |
R4 | | | 24.54 | | | | 0.27 | | | | 4.84 | | | | 5.11 | | | | (0.14 | ) | | | (0.19 | ) | | | (0.33 | ) | | | 29.32 | | | | 21.05 | | | | 172,584 | | | | 0.81 | | | | 0.79 | | | | 1.01 | | | | 39 | |
R5 | | | 24.10 | | | | 0.35 | | | | 4.75 | | | | 5.10 | | | | (0.20 | ) | | | (0.19 | ) | | | (0.39 | ) | | | 28.81 | | | | 21.41 | | | | 192,359 | | | | 0.51 | | | | 0.49 | | | | 1.31 | | | | 39 | |
R6 | | | 24.19 | | | | 0.37 | | | | 4.77 | | | | 5.14 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | 28.93 | | | | 21.52 | | | | 118,527 | | | | 0.41 | | | | 0.41 | | | | 1.38 | | | | 39 | |
Y | | | 24.20 | | | | 0.35 | | | | 4.78 | | | | 5.13 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | 28.93 | | | | 21.47 | | | | 148,542 | | | | 0.42 | | | | 0.42 | | | | 1.33 | | | | 39 | |
F(5) | | | 26.05 | | | | 0.26 | | | | 2.32 | | | | 2.58 | | | | — | | | | — | | | | — | | | | 28.63 | | | | 9.90 | (6) | | | 585,057 | | | | 0.41 | (7) | | | 0.41 | (7) | | | 1.39 | (7) | | | 39 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 24.05 | | | $ | 0.15 | | | $ | 0.13 | | | $ | 0.28 | | | $ | (0.03 | ) | | $ | (0.43 | ) | | $ | (0.46 | ) | | $ | 23.87 | | | | 1.21 | % | | $ | 703,896 | | | | 0.80 | % | | | 0.80 | %(10) | | | 0.64 | % | | | 29 | % |
B | | | 22.33 | | | | (0.02 | ) | | | 0.11 | | | | 0.09 | | | | — | | | | (0.43 | ) | | | (0.43 | ) | | | 21.99 | | | | 0.43 | | | | 766 | | | | 1.96 | | | | 1.55 | (10) | | | (0.10 | ) | | | 29 | |
C | | | 22.27 | | | | (0.03 | ) | | | 0.13 | | | | 0.10 | | | | — | | | | (0.43 | ) | | | (0.43 | ) | | | 21.94 | | | | 0.47 | | | | 281,383 | | | | 1.55 | | | | 1.55 | (10) | | | (0.12 | ) | | | 29 | |
I | | | 24.09 | | | | 0.21 | | | | 0.13 | | | | 0.34 | | | | (0.07 | ) | | | (0.43 | ) | | | (0.50 | ) | | | 23.93 | | | | 1.47 | | | | 749,824 | | | | 0.55 | | | | 0.55 | (10) | | | 0.88 | | | | 29 | |
R3 | | | 24.44 | | | | 0.08 | | | | 0.13 | | | | 0.21 | | | | (0.04 | ) | | | (0.43 | ) | | | (0.47 | ) | | | 24.18 | | | | 0.89 | | | | 36,012 | | | | 1.14 | | | | 1.10 | (10) | | | 0.33 | | | | 29 | |
R4 | | | 24.73 | | | | 0.15 | | | | 0.14 | | | | 0.29 | | | | (0.05 | ) | | | (0.43 | ) | | | (0.48 | ) | | | 24.54 | | | | 1.21 | | | | 144,490 | | | | 0.83 | | | | 0.80 | (10) | | | 0.63 | | | | 29 | |
R5 | | | 24.25 | | | | 0.22 | | | | 0.14 | | | | 0.36 | | | | (0.08 | ) | | | (0.43 | ) | | | (0.51 | ) | | | 24.10 | | | | 1.52 | | | | 121,871 | | | | 0.53 | | | | 0.50 | (10) | | | 0.93 | | | | 29 | |
R6 | | | 24.33 | | | | 0.24 | | | | 0.13 | | | | 0.37 | | | | (0.08 | ) | | | (0.43 | ) | | | (0.51 | ) | | | 24.19 | | | | 1.55 | | | | 32,059 | | | | 0.43 | | | | 0.43 | (10) | | | 1.00 | | | | 29 | |
Y | | | 24.33 | | | | 0.24 | | | | 0.13 | | | | 0.37 | | | | (0.07 | ) | | | (0.43 | ) | | | (0.50 | ) | | | 24.20 | | | | 1.58 | | | | 281,692 | | | | 0.43 | | | | 0.43 | (10) | | | 0.99 | | | | 29 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 22.00 | | | $ | 0.13 | | | $ | 2.21 | | | $ | 2.34 | | | $ | — | | | $ | (0.29 | ) | | $ | (0.29 | ) | | $ | 24.05 | | | | 10.75 | % | | $ | 267,237 | | | | 1.03 | % | | | 0.92 | % | | | 0.55 | % | | | 33 | % |
B | | | 20.60 | | | | (0.05 | ) | | | 2.07 | | | | 2.02 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | 22.33 | | | | 9.92 | | | | 1,614 | | | | 2.18 | | | | 1.74 | | | | (0.23 | ) | | | 33 | |
C | | | 20.54 | | | | (0.04 | ) | | | 2.06 | | | | 2.02 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | 22.27 | | | | 9.95 | | | | 73,070 | | | | 1.73 | | | | 1.62 | | | | (0.17 | ) | | | 33 | |
I(11) | | | 23.30 | | | | 0.12 | | | | 0.67 | | | | 0.79 | | | | — | | | | — | | | | — | | | | 24.09 | | | | 3.39 | (6) | | | 136,641 | | | | 0.66 | (7) | | | 0.50 | (7) | | | 0.85 | (7) | | | 33 | |
R3 | | �� | 22.41 | | | | 0.06 | | | | 2.26 | | | | 2.32 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | 24.44 | | | | 10.46 | | | | 5,081 | | | | 1.34 | | | | 1.16 | | | | 0.27 | | | | 33 | |
R4 | | | 22.60 | | | | 0.13 | | | | 2.29 | | | | 2.42 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | 24.73 | | | | 10.82 | | | | 22,020 | | | | 0.98 | | | | 0.82 | | | | 0.54 | | | | 33 | |
R5 | | | 22.72 | | | | 0.20 | | | | 2.26 | | | | 2.46 | | | | (0.64 | ) | | | (0.29 | ) | | | (0.93 | ) | | | 24.25 | | | | 11.10 | | | | 26,977 | | | | 0.64 | | | | 0.49 | | | | 0.84 | | | | 33 | |
R6(11) | | | 23.53 | | | | 0.11 | | | | 0.69 | | | | 0.80 | | | | — | | | | — | | | | — | | | | 24.33 | | | | 3.40 | (6) | | | 597 | | | | 0.57 | (7) | | | 0.45 | (7) | | | 0.78 | (7) | | | 33 | |
Y | | | 22.79 | | | | 0.21 | | | | 2.27 | | | | 2.48 | | | | (0.65 | ) | | | (0.29 | ) | | | (0.94 | ) | | | 24.33 | | | | 11.15 | | | | 18,802 | | | | 0.57 | | | | 0.50 | | | | 0.90 | | | | 33 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 18.77 | | | $ | 0.03 | | | $ | 3.26 | | | $ | 3.29 | | | $ | (0.06 | ) | | $ | — | | | $ | (0.06 | ) | | $ | 22.00 | | | | 17.56 | % | | $ | 126,308 | | | | 1.37 | % | | | 1.31 | % | | | 0.16 | % | | | 60 | % |
B | | | 17.66 | | | | (0.12 | ) | | | 3.06 | | | | 2.94 | | | | — | | | | — | | | | — | | | | 20.60 | | | | 16.65 | | | | 1,898 | | | | 2.49 | | | | 2.10 | | | | (0.62 | ) | | | 60 | |
C | | | 17.59 | | | | (0.10 | ) | | | 3.05 | | | | 2.95 | | | | — | | | | — | | | | — | | | | 20.54 | | | | 16.77 | | | | 19,798 | | | | 2.06 | | | | 2.00 | | | | (0.53 | ) | | | 60 | |
R3 | | | 19.14 | | | | (0.01 | ) | | | 3.32 | | | | 3.31 | | | | (0.04 | ) | | | — | | | | (0.04 | ) | | | 22.41 | | | | 17.30 | | | | 481 | | | | 1.70 | | | | 1.50 | | | | (0.05 | ) | | | 60 | |
R4 | | | 19.20 | | | | 0.05 | | | | 3.35 | | | | 3.40 | | | | — | | | | — | | | | — | | | | 22.60 | | | | 17.71 | | | | 889 | | | | 1.34 | | | | 1.20 | | | | 0.21 | | | | 60 | |
R5 | | | 19.38 | | | | 0.12 | | | | 3.36 | | | | 3.48 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | | | 22.72 | | | | 18.03 | | | | 374 | | | | 1.04 | | | | 0.90 | | | | 0.56 | | | | 60 | |
Y | | | 19.44 | | | | 0.13 | | | | 3.37 | | | | 3.50 | | | | (0.15 | ) | | | — | | | | (0.15 | ) | | | 22.79 | | | | 18.07 | | | | 2,486 | | | | 0.91 | | | | 0.85 | | | | 0.62 | | | | 60 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Dividend and Growth Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 27.46 | | | $ | 0.39 | | | $ | 0.80 | | | $ | 1.19 | | | $ | (0.38 | ) | | $ | (2.64 | ) | | $ | (3.02 | ) | | $ | 25.63 | | | | 4.38 | % | | $ | 3,521,062 | | | | 0.99 | % | | | 0.99 | % | | | 1.49 | % | | | 31 | % |
C | | | 26.62 | | | | 0.19 | | | | 0.77 | | | | 0.96 | | | | (0.19 | ) | | | (2.64 | ) | | | (2.83 | ) | | | 24.75 | | | | 3.58 | | | | 228,076 | | | | 1.76 | | | | 1.75 | | | | 0.76 | | | | 31 | |
I | | | 27.35 | | | | 0.46 | | | | 0.79 | | | | 1.25 | | | | (0.45 | ) | | | (2.64 | ) | | | (3.09 | ) | | | 25.51 | | | | 4.68 | | | | 847,646 | | | | 0.73 | | | | 0.73 | | | | 1.75 | | | | 31 | |
R3 | | | 27.78 | | | | 0.30 | | | | 0.81 | | | | 1.11 | | | | (0.28 | ) | | | (2.64 | ) | | | (2.92 | ) | | | 25.97 | | | | 4.03 | | | | 72,723 | | | | 1.35 | | | | 1.35 | | | | 1.13 | | | | 31 | |
R4 | | | 27.95 | | | | 0.39 | | | | 0.80 | | | | 1.19 | | | | (0.36 | ) | | | (2.64 | ) | | | (3.00 | ) | | | 26.14 | | | | 4.32 | | | | 131,649 | | | | 1.04 | | | | 1.04 | | | | 1.44 | | | | 31 | |
R5 | | | 28.05 | | | | 0.47 | | | | 0.82 | | | | 1.29 | | | | (0.45 | ) | | | (2.64 | ) | | | (3.09 | ) | | | 26.25 | | | | 4.65 | | | | 146,918 | | | | 0.74 | | | | 0.74 | | | | 1.74 | | | | 31 | |
R6 | | | 28.05 | | | | 0.49 | | | | 0.82 | | | | 1.31 | | | | (0.47 | ) | | | (2.64 | ) | | | (3.11 | ) | | | 26.25 | | | | 4.76 | | | | 74,795 | | | | 0.64 | | | | 0.64 | | | | 1.84 | | | | 31 | |
Y | | | 28.05 | | | | 0.49 | | | | 0.81 | | | | 1.30 | | | | (0.46 | ) | | | (2.64 | ) | | | (3.10 | ) | | | 26.25 | | | | 4.72 | | | | 616,454 | | | | 0.68 | | | | 0.68 | | | | 1.80 | | | | 31 | |
F | | | 27.33 | | | | 0.48 | | | | 0.80 | | | | 1.28 | | | | (0.47 | ) | | | (2.64 | ) | | | (3.11 | ) | | | 25.50 | | | | 4.77 | | | | 2,591,584 | | | | 0.64 | | | | 0.64 | | | | 1.84 | | | | 31 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 23.49 | | | $ | 0.39 | | | $ | 4.75 | | | $ | 5.14 | | | $ | (0.38 | ) | | $ | (0.79 | ) | | $ | (1.17 | ) | | $ | 27.46 | | | | 22.40 | % | | $ | 3,619,123 | | | | 1.00 | % | | | 1.00 | % | | | 1.52 | % | | | 26 | % |
C | | | 22.80 | | | | 0.19 | | | | 4.62 | | | | 4.81 | | | | (0.20 | ) | | | (0.79 | ) | | | (0.99 | ) | | | 26.62 | | | | 21.54 | | | | 449,961 | | | | 1.74 | | | | 1.74 | | | | 0.78 | | | | 26 | |
I | | | 23.38 | | | | 0.44 | | | | 4.74 | | | | 5.18 | | | | (0.42 | ) | | | (0.79 | ) | | | (1.21 | ) | | | 27.35 | | | | 22.67 | | | | 775,427 | | | | 0.80 | | | | 0.80 | | | | 1.75 | | | | 26 | |
R3 | | | 23.75 | | | | 0.30 | | | | 4.81 | | | | 5.11 | | | | (0.29 | ) | | | (0.79 | ) | | | (1.08 | ) | | | 27.78 | | | | 21.97 | | | | 77,175 | | | | 1.35 | | | | 1.35 | | | | 1.17 | | | | 26 | |
R4 | | | 23.89 | | | | 0.38 | | | | 4.84 | | | | 5.22 | | | | (0.37 | ) | | | (0.79 | ) | | | (1.16 | ) | | | 27.95 | | | | 22.34 | | | | 142,563 | | | | 1.05 | | | | 1.05 | | | | 1.47 | | | | 26 | |
R5 | | | 23.97 | | | | 0.46 | | | | 4.86 | | | | 5.32 | | | | (0.45 | ) | | | (0.79 | ) | | | (1.24 | ) | | | 28.05 | | | | 22.72 | | | | 132,739 | | | | 0.74 | | | | 0.74 | | | | 1.76 | | | | 26 | |
R6 | | | 23.97 | | | | 0.46 | | | | 4.88 | | | | 5.34 | | | | (0.47 | ) | | | (0.79 | ) | | | (1.26 | ) | | | 28.05 | | | | 22.83 | | | | 10,957 | | | | 0.65 | | | | 0.64 | | | | 1.75 | | | | 26 | |
Y | | | 23.97 | | | | 0.50 | | | | 4.84 | | | | 5.34 | | | | (0.47 | ) | | | (0.79 | ) | | | (1.26 | ) | | | 28.05 | | | | 22.81 | | | | 605,049 | | | | 0.66 | | | | 0.66 | | | | 1.94 | | | | 26 | |
F(5) | | | 25.51 | | | | 0.29 | | | | 1.86 | | | | 2.15 | | | | (0.33 | ) | | | — | | | | (0.33 | ) | | | 27.33 | | | | 8.49 | (6) | | | 2,570,906 | | | | 0.64 | (7) | | | 0.64 | (7) | | | 1.66 | (7) | | | 26 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 24.99 | | | $ | 0.37 | | | $ | 0.50 | | | $ | 0.87 | | | $ | (0.34 | ) | | $ | (2.03 | ) | | $ | (2.37 | ) | | $ | 23.49 | | | | 4.12 | % | | $ | 3,501,684 | | | | 1.03 | % | | | 1.03 | %(12) | | | 1.59 | % | | | 22 | % |
B | | | 24.55 | | | | 0.16 | | | | 0.47 | | | | 0.63 | | | | (0.11 | ) | | | (2.03 | ) | | | (2.14 | ) | | | 23.04 | | | | 3.12 | | | | 19,716 | | | | 2.01 | | | | 1.96 | (12) | | | 0.71 | | | | 22 | |
C | | | 24.34 | | | | 0.19 | | | | 0.47 | | | | 0.66 | | | | (0.17 | ) | | | (2.03 | ) | | | (2.20 | ) | | | 22.80 | | | | 3.31 | | | | 437,961 | | | | 1.77 | | | | 1.77 | (12) | | | 0.85 | | | | 22 | |
I | | | 24.89 | | | | 0.41 | | | | 0.50 | | | | 0.91 | | | | (0.39 | ) | | | (2.03 | ) | | | (2.42 | ) | | | 23.38 | | | | 4.31 | | | | 1,779,168 | | | | 0.83 | | | | 0.83 | (12) | | | 1.78 | | | | 22 | |
R3 | | | 25.24 | | | | 0.29 | | | | 0.51 | | | | 0.80 | | | | (0.26 | ) | | | (2.03 | ) | | | (2.29 | ) | | | 23.75 | | | | 3.78 | | | | 79,400 | | | | 1.36 | | | | 1.36 | (12) | | | 1.26 | | | | 22 | |
R4 | | | 25.37 | | | | 0.37 | | | | 0.51 | | | | 0.88 | | | | (0.33 | ) | | | (2.03 | ) | | | (2.36 | ) | | | 23.89 | | | | 4.10 | | | | 136,673 | | | | 1.06 | | | | 1.06 | (12) | | | 1.56 | | | | 22 | |
R5 | | | 25.44 | | | | 0.44 | | | | 0.51 | | | | 0.95 | | | | (0.39 | ) | | | (2.03 | ) | | | (2.42 | ) | | | 23.97 | | | | 4.41 | | | | 104,487 | | | | 0.76 | | | | 0.76 | (12) | | | 1.89 | | | | 22 | |
R6 | | | 25.44 | | | | 0.42 | | | | 0.55 | | | | 0.97 | | | | (0.41 | ) | | | (2.03 | ) | | | (2.44 | ) | | | 23.97 | | | | 4.48 | | | | 2,964 | | | | 0.66 | | | | 0.66 | (12) | | | 1.76 | | | | 22 | |
Y | | | 25.45 | | | | 0.46 | | | | 0.51 | | | | 0.97 | | | | (0.42 | ) | | | (2.03 | ) | | | (2.45 | ) | | | 23.97 | | | | 4.50 | | | | 1,460,506 | | | | 0.66 | | | | 0.66 | (12) | | | 1.95 | | | | 22 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 27.05 | | | $ | 0.36 | | | $ | 0.23 | | | $ | 0.59 | | | $ | (0.35 | ) | | $ | (2.30 | ) | | $ | (2.65 | ) | | $ | 24.99 | | | | 2.46 | % | | $ | 3,724,804 | | | | 1.02 | % | | | 1.02 | % | | | 1.43 | % | | | 23 | % |
B | | | 26.59 | | | | 0.14 | | | | 0.22 | | | | 0.36 | | | | (0.10 | ) | | | (2.30 | ) | | | (2.40 | ) | | | 24.55 | | | | 1.54 | | | | 44,909 | | | | 1.97 | | | | 1.92 | | | | 0.54 | | | | 23 | |
C | | | 26.42 | | | | 0.17 | | | | 0.23 | | | | 0.40 | | | | (0.18 | ) | | | (2.30 | ) | | | (2.48 | ) | | | 24.34 | | | | 1.70 | | | | 467,006 | | | | 1.76 | | | | 1.76 | | | | 0.69 | | | | 23 | |
I | | | 26.95 | | | | 0.41 | | | | 0.23 | | | | 0.64 | | | | (0.40 | ) | | | (2.30 | ) | | | (2.70 | ) | | | 24.89 | | | | 2.67 | | | | 1,715,056 | | | | 0.81 | | | | 0.81 | | | | 1.64 | | | | 23 | |
R3 | | | 27.29 | | | | 0.28 | | | | 0.24 | | | | 0.52 | | | | (0.27 | ) | | | (2.30 | ) | | | (2.57 | ) | | | 25.24 | | | | 2.12 | | | | 85,736 | | | | 1.35 | | | | 1.35 | | | | 1.10 | | | | 23 | |
R4 | | | 27.42 | | | | 0.36 | | | | 0.23 | | | | 0.59 | | | | (0.34 | ) | | | (2.30 | ) | | | (2.64 | ) | | | 25.37 | | | | 2.42 | | | | 150,367 | | | | 1.04 | | | | 1.04 | | | | 1.41 | | | | 23 | |
R5 | | | 27.49 | | | | 0.44 | | | | 0.23 | | | | 0.67 | | | | (0.42 | ) | | | (2.30 | ) | | | (2.72 | ) | | | 25.44 | | | | 2.73 | | | | 229,206 | | | | 0.74 | | | | 0.74 | | | | 1.70 | | | | 23 | |
R6(9) | | | 27.81 | | | | 0.43 | | | | (0.05 | ) | | | 0.38 | | | | (0.45 | ) | | | (2.30 | ) | | | (2.75 | ) | | | 25.44 | | | | 1.64 | (6) | | | 10 | | | | 0.71 | (7) | | | 0.70 | (7) | | | 1.71 | (7) | | | 23 | |
Y | | | 27.50 | | | | 0.46 | | | | 0.24 | | | | 0.70 | | | | (0.45 | ) | | | (2.30 | ) | | | (2.75 | ) | | | 25.45 | | | | 2.83 | | | | 1,323,782 | | | | 0.64 | | | | 0.64 | | | | 1.80 | | | | 23 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 25.28 | | | $ | 0.36 | | | $ | 3.43 | | | $ | 3.79 | | | $ | (0.36 | ) | | $ | (1.66 | ) | | $ | (2.02 | ) | | $ | 27.05 | | | | 16.01 | % | | $ | 3,780,786 | | | | 1.02 | % | | | 1.02 | % | | | 1.40 | % | | | 23 | % |
B | | | 24.88 | | | | 0.13 | | | | 3.35 | | | | 3.48 | | | | (0.11 | ) | | | (1.66 | ) | | | (1.77 | ) | | | 26.59 | | | | 14.91 | | | | 74,126 | | | | 1.96 | | | | 1.94 | | | | 0.50 | | | | 23 | |
C | | | 24.75 | | | | 0.16 | | | | 3.35 | | | | 3.51 | | | | (0.18 | ) | | | (1.66 | ) | | | (1.84 | ) | | | 26.42 | | | | 15.12 | | | | 467,932 | | | | 1.77 | | | | 1.77 | | | | 0.65 | | | | 23 | |
I | | | 25.20 | | | | 0.41 | | | | 3.42 | | | | 3.83 | | | | (0.42 | ) | | | (1.66 | ) | | | (2.08 | ) | | | 26.95 | | | | 16.22 | | | | 1,883,434 | | | | 0.81 | | | | 0.81 | | | | 1.60 | | | | 23 | |
R3 | | | 25.49 | | | | 0.28 | | | | 3.45 | | | | 3.73 | | | | (0.27 | ) | | | (1.66 | ) | | | (1.93 | ) | | | 27.29 | | | | 15.61 | | | | 91,839 | | | | 1.35 | | | | 1.35 | | | | 1.07 | | | | 23 | |
R4 | | | 25.60 | | | | 0.36 | | | | 3.47 | | | | 3.83 | | | | (0.35 | ) | | | (1.66 | ) | | | (2.01 | ) | | | 27.42 | | | | 15.98 | | | | 159,018 | | | | 1.04 | | | | 1.04 | | | | 1.37 | | | | 23 | |
R5 | | | 25.66 | | | | 0.44 | | | | 3.48 | | | | 3.92 | | | | (0.43 | ) | | | (1.66 | ) | | | (2.09 | ) | | | 27.49 | | | | 16.32 | | | | 226,236 | | | | 0.74 | | | | 0.74 | | | | 1.68 | | | | 23 | |
Y | | | 25.67 | | | | 0.47 | | | | 3.48 | | | | 3.95 | | | | (0.46 | ) | | | (1.66 | ) | | | (2.12 | ) | | | 27.50 | | | | 16.42 | | | | 1,340,941 | | | | 0.64 | | | | 0.64 | | | | 1.81 | | | | 23 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Equity Income Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 20.64 | | | $ | 0.38 | | | $ | (0.24 | ) | | $ | 0.14 | | | $ | (0.35 | ) | | $ | (1.04 | ) | | $ | (1.39 | ) | | $ | 19.39 | | | | 0.49 | % | | $ | 1,508,580 | | | | 1.00 | % | | | 1.00 | % | | | 1.90 | % | | | 22 | % |
C | | | 20.53 | | | | 0.23 | | | | (0.23 | ) | | | — | | | | (0.20 | ) | | | (1.04 | ) | | | (1.24 | ) | | | 19.29 | | | | (0.22 | ) | | | 330,741 | | | | 1.75 | | | | 1.75 | | | | 1.16 | | | | 22 | |
I | | | 20.54 | | | | 0.43 | | | | (0.24 | ) | | | 0.19 | | | | (0.40 | ) | | | (1.04 | ) | | | (1.44 | ) | | | 19.29 | | | | 0.77 | | | | 1,157,708 | | | | 0.74 | | | | 0.74 | | | | 2.14 | | | | 22 | |
R3 | | | 20.66 | | | | 0.31 | | | | (0.25 | ) | | | 0.06 | | | | (0.27 | ) | | | (1.04 | ) | | | (1.31 | ) | | | 19.41 | | | | 0.12 | | | | 46,820 | | | | 1.36 | | | | 1.36 | | | | 1.53 | | | | 22 | |
R4 | | | 20.69 | �� | | | 0.37 | | | | (0.24 | ) | | | 0.13 | | | | (0.34 | ) | | | (1.04 | ) | | | (1.38 | ) | | | 19.44 | | | | 0.43 | | | | 70,446 | | | | 1.06 | | | | 1.06 | | | | 1.83 | | | | 22 | |
R5 | | | 20.78 | | | | 0.43 | | | | (0.23 | ) | | | 0.20 | | | | (0.40 | ) | | | (1.04 | ) | | | (1.44 | ) | | | 19.54 | | | | 0.78 | | | | 79,557 | | | | 0.76 | | | | 0.76 | | | | 2.13 | | | | 22 | |
R6 | | | 20.83 | | | | 0.45 | | | | (0.24 | ) | | | 0.21 | | | | (0.42 | ) | | | (1.04 | ) | | | (1.46 | ) | | | 19.58 | | | | 0.83 | | | | 34,957 | | | | 0.66 | | | | 0.66 | | | | 2.22 | | | | 22 | |
Y | | | 20.83 | | | | 0.45 | | | | (0.25 | ) | | | 0.20 | | | | (0.41 | ) | | | (1.04 | ) | | | (1.45 | ) | | | 19.58 | | | | 0.79 | | | | 140,057 | | | | 0.70 | | | | 0.70 | | | | 2.19 | | | | 22 | |
F | | | 20.54 | | | | 0.45 | | | | (0.24 | ) | | | 0.21 | | | | (0.42 | ) | | | (1.04 | ) | | | (1.46 | ) | | | 19.29 | | | | 0.85 | | | | 774,529 | | | | 0.65 | | | | 0.65 | | | | 2.23 | | | | 22 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 17.97 | | | $ | 0.35 | | | $ | 3.24 | | | $ | 3.59 | | | $ | (0.32 | ) | | $ | (0.60 | ) | | $ | (0.92 | ) | | $ | 20.64 | | | | 20.51 | % | | $ | 1,685,398 | | | | 1.00 | % | | | 1.00 | % | | | 1.83 | % | | | 16 | % |
C | | | 17.89 | | | | 0.21 | | | | 3.21 | | | | 3.42 | | | | (0.18 | ) | | | (0.60 | ) | | | (0.78 | ) | | | 20.53 | | | | 19.56 | | | | 449,104 | | | | 1.74 | | | | 1.74 | | | | 1.09 | | | | 16 | |
I | | | 17.89 | | | | 0.39 | | | | 3.23 | | | | 3.62 | | | | (0.37 | ) | | | (0.60 | ) | | | (0.97 | ) | | | 20.54 | | | | 20.76 | | | | 1,111,235 | | | | 0.78 | | | | 0.78 | | | | 2.03 | | | | 16 | |
R3 | | | 17.99 | | | | 0.28 | | | | 3.24 | | | | 3.52 | | | | (0.25 | ) | | | (0.60 | ) | | | (0.85 | ) | | | 20.66 | | | | 20.06 | | | | 57,341 | | | | 1.37 | | | | 1.37 | | | | 1.46 | | | | 16 | |
R4 | | | 18.02 | | | | 0.34 | | | | 3.24 | | | | 3.58 | | | | (0.31 | ) | | | (0.60 | ) | | | (0.91 | ) | | | 20.69 | | | | 20.39 | | | | 79,632 | | | | 1.06 | | | | 1.06 | | | | 1.77 | | | | 16 | |
R5 | | | 18.09 | | | | 0.40 | | | | 3.26 | | | | 3.66 | | | | (0.37 | ) | | | (0.60 | ) | | | (0.97 | ) | | | 20.78 | | | | 20.77 | | | | 83,048 | | | | 0.76 | | | | 0.76 | | | | 2.06 | | | | 16 | |
R6 | | | 18.13 | | | | 0.41 | | | | 3.28 | | | | 3.69 | | | | (0.39 | ) | | | (0.60 | ) | | | (0.99 | ) | | | 20.83 | | | | 20.91 | | | | 29,284 | | | | 0.66 | | | | 0.66 | | | | 2.10 | | | | 16 | |
Y | | | 18.13 | | | | 0.45 | | | | 3.23 | | | | 3.68 | | | | (0.38 | ) | | | (0.60 | ) | | | (0.98 | ) | | | 20.83 | | | | 20.88 | | | | 141,479 | | | | 0.67 | | | | 0.67 | | | | 2.35 | | | | 16 | |
F(5) | | | 19.22 | | | | 0.24 | | | | 1.37 | | | | 1.61 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 20.54 | | | | 8.45 | (6) | | | 674,626 | | | | 0.66 | (7) | | | 0.66 | (7) | | | 1.84 | (7) | | | 16 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 18.70 | | | $ | 0.36 | | | $ | 0.64 | | | $ | 1.00 | | | $ | (0.33 | ) | | $ | (1.40 | ) | | $ | (1.73 | ) | | $ | 17.97 | | | | 6.13 | % | | $ | 1,676,572 | | | | 1.04 | % | | | 1.04 | % | | | 2.03 | % | | | 14 | % |
B | | | 18.72 | | | | 0.34 | | | | 0.64 | | | | 0.98 | | | | (0.30 | ) | | | (1.40 | ) | | | (1.70 | ) | | | 18.00 | | | | 6.01 | | | | 6,930 | | | | 1.18 | | | | 1.18 | | | | 1.95 | | | | 14 | |
C | | | 18.61 | | | | 0.23 | | | | 0.65 | | | | 0.88 | | | | (0.20 | ) | | | (1.40 | ) | | | (1.60 | ) | | | 17.89 | | | | 5.45 | | | | 452,909 | | | | 1.76 | | | | 1.76 | | | | 1.30 | | | | 14 | |
I | | | 18.62 | | | | 0.39 | | | | 0.66 | | | | 1.05 | | | | (0.38 | ) | | | (1.40 | ) | | | (1.78 | ) | | | 17.89 | | | | 6.45 | | | | 966,338 | | | | 0.78 | | | | 0.78 | | | | 2.25 | | | | 14 | |
R3 | | | 18.72 | | | | 0.30 | | | | 0.64 | | | | 0.94 | | | | (0.27 | ) | | | (1.40 | ) | | | (1.67 | ) | | | 17.99 | | | | 5.77 | | | | 54,732 | | | | 1.38 | | | | 1.38 | | | | 1.68 | | | | 14 | |
R4 | | | 18.74 | | | | 0.35 | | | | 0.65 | | | | 1.00 | | | | (0.32 | ) | | | (1.40 | ) | | | (1.72 | ) | | | 18.02 | | | | 6.14 | | | | 76,745 | | | | 1.07 | | | | 1.07 | | | | 1.98 | | | | 14 | |
R5 | | | 18.81 | | | | 0.41 | | | | 0.64 | | | | 1.05 | | | | (0.37 | ) | | | (1.40 | ) | | | (1.77 | ) | | | 18.09 | | | | 6.42 | | | | 65,276 | | | | 0.77 | | | | 0.77 | | | | 2.31 | | | | 14 | |
R6 | | | 18.84 | | | | 0.42 | | | | 0.66 | | | | 1.08 | | | | (0.39 | ) | | | (1.40 | ) | | | (1.79 | ) | | | 18.13 | | | | 6.57 | | | | 14,551 | | | | 0.67 | | | | 0.67 | | | | 2.38 | | | | 14 | |
Y | | | 18.84 | | | | 0.41 | | | | 0.67 | | | | 1.08 | | | | (0.39 | ) | | | (1.40 | ) | | | (1.79 | ) | | | 18.13 | | | | 6.57 | | | | 386,011 | | | | 0.67 | | | | 0.67 | | | | 2.35 | | | | 14 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 19.04 | | | $ | 0.35 | | | $ | 0.18 | | | $ | 0.53 | | | $ | (0.35 | ) | | $ | (0.52 | ) | | $ | (0.87 | ) | | $ | 18.70 | | | | 2.95 | % | | $ | 1,757,486 | | | | 1.02 | % | | | 1.02 | % | | | 1.87 | % | | | 20 | % |
B | | | 19.05 | | | | 0.33 | | | | 0.18 | | | | 0.51 | | | | (0.32 | ) | | | (0.52 | ) | | | (0.84 | ) | | | 18.72 | | | | 2.82 | | | | 13,915 | | | | 1.16 | | | | 1.16 | | | | 1.75 | | | | 20 | |
C | | | 18.96 | | | | 0.21 | | | | 0.18 | | | | 0.39 | | | | (0.22 | ) | | | (0.52 | ) | | | (0.74 | ) | | | 18.61 | | | | 2.18 | | | | 461,099 | | | | 1.76 | | | | 1.76 | | | | 1.12 | | | | 20 | |
I | | | 18.97 | | | | 0.40 | | | | 0.17 | | | | 0.57 | | | | (0.40 | ) | | | (0.52 | ) | | | (0.92 | ) | | | 18.62 | | | | 3.18 | | | | 835,297 | | | | 0.76 | | | | 0.76 | | | | 2.13 | | | | 20 | |
R3 | | | 19.06 | | | | 0.29 | | | | 0.18 | | | | 0.47 | | | | (0.29 | ) | | | (0.52 | ) | | | (0.81 | ) | | | 18.72 | | | | 2.61 | | | | 56,026 | | | | 1.36 | | | | 1.36 | | | | 1.52 | | | | 20 | |
R4 | | | 19.08 | | | | 0.34 | | | | 0.18 | | | | 0.52 | | | | (0.34 | ) | | | (0.52 | ) | | | (0.86 | ) | | | 18.74 | | | | 2.92 | | | | 74,473 | | | | 1.06 | | | | 1.06 | | | | 1.82 | | | | 20 | |
R5 | | | 19.15 | | | | 0.40 | | | | 0.18 | | | | 0.58 | | | | (0.40 | ) | | | (0.52 | ) | | | (0.92 | ) | | | 18.81 | | | | 3.22 | | | | 76,741 | | | | 0.76 | | | | 0.76 | | | | 2.15 | | | | 20 | |
R6(9) | | | 19.39 | | | | 0.35 | | | | 0.04 | | | | 0.39 | | | | (0.42 | ) | | | (0.52 | ) | | | (0.94 | ) | | | 18.84 | | | | 2.20 | (6) | | | 13,902 | | | | 0.69 | (7) | | | 0.69 | (7) | | | 1.93 | (7) | | | 20 | |
Y | | | 19.19 | | | | 0.42 | | | | 0.17 | | | | 0.59 | | | | (0.42 | ) | | | (0.52 | ) | | | (0.94 | ) | | | 18.84 | | | | 3.26 | | | | 246,177 | | | | 0.66 | | | | 0.66 | | | | 2.22 | | | | 20 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 17.83 | | | $ | 0.34 | | | $ | 1.76 | | | $ | 2.10 | | | $ | (0.33 | ) | | $ | (0.56 | ) | | $ | (0.89 | ) | | $ | 19.04 | | | | 12.19 | % | | $ | 1,951,760 | | | | 1.03 | % | | | 1.03 | % | | | 1.83 | % | | | 13 | % |
B | | | 17.82 | | | | 0.32 | | | | 1.77 | | | | 2.09 | | | | (0.30 | ) | | | (0.56 | ) | | | (0.86 | ) | | | 19.05 | | | | 12.15 | | | | 21,619 | | | | 1.16 | | | | 1.16 | | | | 1.72 | | | | 13 | |
C | | | 17.77 | | | | 0.20 | | | | 1.75 | | | | 1.95 | | | | (0.20 | ) | | | (0.56 | ) | | | (0.76 | ) | | | 18.96 | | | | 11.36 | | | | 458,695 | | | | 1.76 | | | | 1.76 | | | | 1.08 | | | | 13 | |
I | | | 17.76 | | | | 0.38 | | | | 1.77 | | | | 2.15 | | | | (0.38 | ) | | | (0.56 | ) | | | (0.94 | ) | | | 18.97 | | | | 12.54 | | | | 903,048 | | | | 0.76 | | | | 0.76 | | | | 2.07 | | | | 13 | |
R3 | | | 17.85 | | | | 0.27 | | | | 1.77 | | | | 2.04 | | | | (0.27 | ) | | | (0.56 | ) | | | (0.83 | ) | | | 19.06 | | | | 11.81 | | | | 58,349 | | | | 1.37 | | | | 1.37 | | | | 1.47 | | | | 13 | |
R4 | | | 17.87 | | | | 0.33 | | | | 1.76 | | | | 2.09 | | | | (0.32 | ) | | | (0.56 | ) | | | (0.88 | ) | | | 19.08 | | | | 12.13 | | | | 76,746 | | | | 1.06 | | | | 1.06 | | | | 1.78 | | | | 13 | |
R5 | | | 17.93 | | | | 0.38 | | | | 1.78 | | | | 2.16 | | | | (0.38 | ) | | | (0.56 | ) | | | (0.94 | ) | | | 19.15 | | | | 12.47 | | | | 91,827 | | | | 0.76 | | | | 0.76 | | | | 2.08 | | | | 13 | |
Y | | | 17.96 | | | | 0.40 | | | | 1.79 | | | | 2.19 | | | | (0.40 | ) | | | (0.56 | ) | | | (0.96 | ) | | | 19.19 | | | | 12.61 | | | | 236,502 | | | | 0.66 | | | | 0.66 | | | | 2.17 | | | | 13 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Growth Opportunities Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 46.20 | | | $ | (0.29 | ) | | $ | 3.86 | | | $ | 3.57 | | | $ | — | | | $ | (3.88 | ) | | $ | (3.88 | ) | | $ | 45.89 | | | | 8.31 | % | | $ | 2,013,200 | | | | 1.11 | % | | | 1.11 | % | | | (0.61 | )% | | | 122 | % |
C | | | 31.15 | | | | (0.41 | ) | | | 2.50 | | | | 2.09 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 29.36 | | | | 7.49 | | | | 321,653 | | | | 1.85 | | | | 1.85 | | | | (1.35 | ) | | | 122 | |
I | | | 48.01 | | | | (0.17 | ) | | | 4.03 | | | | 3.86 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 47.99 | | | | 8.62 | | | | 1,674,141 | | | | 0.84 | | | | 0.84 | | | | (0.34 | ) | | | 122 | |
R3 | | | 46.43 | | | | (0.45 | ) | | | 3.88 | | | | 3.43 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 45.98 | | | | 7.94 | | | | 47,707 | | | | 1.46 | | | | 1.45 | | | | (0.95 | ) | | | 122 | |
R4 | | | 48.52 | | | | (0.32 | ) | | | 4.06 | | | | 3.74 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 48.38 | | | | 8.28 | | | | 79,229 | | | | 1.15 | | | | 1.15 | | | | (0.65 | ) | | | 122 | |
R5 | | | 50.31 | | | | (0.18 | ) | | | 4.23 | | | | 4.05 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 50.48 | | | | 8.60 | | | | 19,708 | | | | 0.86 | | | | 0.86 | | | | (0.35 | ) | | | 122 | |
R6 | | | 50.91 | | | | (0.14 | ) | | | 4.29 | | | | 4.15 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 51.18 | | | | 8.71 | | | | 12,061 | | | | 0.75 | | | | 0.75 | | | | (0.26 | ) | | | 122 | |
Y | | | 50.92 | | | | (0.15 | ) | | | 4.29 | | | | 4.14 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 51.18 | | | | 8.68 | | | | 127,721 | | | | 0.78 | | | | 0.78 | | | | (0.28 | ) | | | 122 | |
F | | | 48.05 | | | | (0.12 | ) | | | 4.02 | | | | 3.90 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 48.07 | | | | 8.71 | | | | 401,565 | | | | 0.75 | | | | 0.75 | | | | (0.25 | ) | | | 122 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 37.66 | | | $ | (0.23 | ) | | $ | 10.17 | | | $ | 9.94 | | | $ | — | | | $ | (1.40 | ) | | $ | (1.40 | ) | | $ | 46.20 | | | | 27.40 | % | | $ | 1,914,743 | | | | 1.11 | % | | | 1.10 | % | | | (0.57 | )% | | | 119 | % |
C | | | 26.03 | | | | (0.36 | ) | | | 6.88 | | | | 6.52 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 31.15 | | | | 26.46 | | | | 412,184 | | | | 1.86 | | | | 1.86 | | | | (1.32 | ) | | | 119 | |
I | | | 39.00 | | | | (0.15 | ) | | | 10.56 | | | | 10.41 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 48.01 | | | | 27.67 | | | | 1,546,058 | | | | 0.89 | | | | 0.89 | | | | (0.35 | ) | | | 119 | |
R3 | | | 37.96 | | | | (0.37 | ) | | | 10.24 | | | | 9.87 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 46.43 | | | | 26.95 | | | | 48,315 | | | | 1.46 | | | | 1.45 | | | | (0.92 | ) | | | 119 | |
R4 | | | 39.50 | | | | (0.26 | ) | | | 10.68 | | | | 10.42 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 48.52 | | | | 27.33 | | | | 81,413 | | | | 1.15 | | | | 1.15 | | | | (0.62 | ) | | | 119 | |
R5 | | | 40.78 | | | | (0.14 | ) | | | 11.07 | | | | 10.93 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.31 | | | | 27.74 | | | | 16,530 | | | | 0.86 | | | | 0.85 | | | | (0.32 | ) | | | 119 | |
R6 | | | 41.21 | | | | (0.12 | ) | | | 11.22 | | | | 11.10 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.91 | | | | 27.86 | | | | 4,554 | | | | 0.76 | | | | 0.75 | | | | (0.26 | ) | | | 119 | |
Y | | | 41.23 | | | | (0.09 | ) | | | 11.18 | | | | 11.09 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.92 | | | | 27.83 | | | | 104,645 | | | | 0.77 | | | | 0.77 | | | | (0.22 | ) | | | 119 | |
F(5) | | | 40.07 | | | | (0.10 | ) | | | 8.08 | | | | 7.98 | | | | — | | | | — | | | | — | | | | 48.05 | | | | 19.92 | (6) | | | 617,087 | | | | 0.75 | (7) | | | 0.75 | (7) | | | (0.34 | )(7) | | | 119 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 40.68 | | | $ | (0.20 | ) | | $ | 0.55 | | | $ | 0.35 | | | $ | — | | | $ | (3.37 | ) | | $ | (3.37 | ) | | $ | 37.66 | | | | 1.04 | % | | $ | 1,747,532 | | | | 1.14 | % | | | 1.14 | %(13) | | | (0.55 | )% | | | 117 | % |
B | | | 29.08 | | | | (0.37 | ) | | | 0.35 | | | | (0.02 | ) | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 25.69 | | | | 0.09 | | | | 4,249 | | | | 2.09 | | | | 2.06 | (13) | | | (1.45 | ) | | | 117 | |
C | | | 29.37 | | | | (0.33 | ) | | | 0.36 | | | | 0.03 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 26.03 | | | | 0.28 | | | | 420,107 | | | | 1.89 | | | | 1.89 | (13) | | | (1.29 | ) | | | 117 | |
I | | | 41.98 | | | | (0.12 | ) | | | 0.57 | | | | 0.45 | | | | (0.06 | ) | | | (3.37 | ) | | | (3.43 | ) | | | 39.00 | | | | 1.25 | | | | 1,726,408 | | | | 0.93 | | | | 0.93 | (13) | | | (0.32 | ) | | | 117 | |
R3 | | | 41.11 | | | | (0.33 | ) | | | 0.55 | | | | 0.22 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 37.96 | | | | 0.71 | | | | 47,559 | | | | 1.47 | | | | 1.47 | (13) | | | (0.87 | ) | | | 117 | |
R4 | | | 42.51 | | | | (0.22 | ) | | | 0.58 | | | | 0.36 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 39.50 | �� | | | 1.02 | | | | 72,213 | | | | 1.17 | | | | 1.17 | (13) | | | (0.57 | ) | | | 117 | |
R5 | | | 43.73 | | | | (0.08 | ) | | | 0.57 | | | | 0.49 | | | | (0.07 | ) | | | (3.37 | ) | | | (3.44 | ) | | | 40.78 | | | | 1.30 | | | | 14,791 | | | | 0.87 | | | | 0.86 | (13) | | | (0.20 | ) | | | 117 | |
R6 | | | 44.15 | | | | (0.07 | ) | | | 0.61 | | | | 0.54 | | | | (0.11 | ) | | | (3.37 | ) | | | (3.48 | ) | | | 41.21 | | | | 1.40 | | | | 942 | | | | 0.77 | | | | 0.77 | (13) | | | (0.17 | ) | | | 117 | |
Y | | | 44.17 | | | | (0.08 | ) | | | 0.62 | | | | 0.54 | | | | (0.11 | ) | | | (3.37 | ) | | | (3.48 | ) | | | 41.23 | | | | 1.40 | | | | 231,037 | | | | 0.77 | | | | 0.77 | (13) | | | (0.19 | ) | | | 117 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 43.76 | | | $ | (0.17 | ) | | $ | 4.82 | | | $ | 4.65 | | | $ | — | | | $ | (7.73 | ) | | $ | (7.73 | ) | | $ | 40.68 | | | | 12.72 | % | | $ | 1,853,433 | | | | 1.12 | % | | | 1.12 | % | | | (0.42 | )% | | | 93 | % |
B | | | 33.71 | | | | (0.39 | ) | | | 3.49 | | | | 3.10 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 29.08 | | | | 11.72 | | | | 15,256 | | | | 2.04 | | | | 2.03 | | | | (1.32 | ) | | | 93 | |
C | | | 33.91 | | | | (0.34 | ) | | | 3.53 | | | | 3.19 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 29.37 | | | | 11.95 | | | | 401,542 | | | | 1.86 | | | | 1.86 | | | | (1.17 | ) | | | 93 | |
I | | | 44.82 | | | | (0.09 | ) | | | 4.98 | | | | 4.89 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 41.98 | | | | 12.99 | | | | 2,433,134 | | | | 0.89 | | | | 0.89 | | | | (0.21 | ) | | | 93 | |
R3 | | | 44.25 | | | | (0.31 | ) | | | 4.90 | | | | 4.59 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 41.11 | | | | 12.39 | | | | 44,347 | | | | 1.45 | | | | 1.45 | | | | (0.76 | ) | | | 93 | |
R4 | | | 45.39 | | | | (0.19 | ) | | | 5.04 | | | | 4.85 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 42.51 | | | | 12.70 | | | | 60,775 | | | | 1.15 | | | | 1.15 | | | | (0.45 | ) | | | 93 | |
R5 | | | 46.36 | | | | (0.07 | ) | | | 5.17 | | | | 5.10 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 43.73 | | | | 13.02 | | | | 123,897 | | | | 0.84 | | | | 0.84 | | | | (0.15 | ) | | | 93 | |
R6(9) | | | 47.09 | | | | (0.06 | ) | | | 4.85 | | | | 4.79 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 44.15 | | | | 12.16 | (6) | | | 11 | | | | 0.82 | (7) | | | 0.82 | (7) | | | (0.14 | )(7) | | | 93 | |
Y | | | 46.70 | | | | (0.04 | ) | | | 5.24 | | | | 5.20 | | | | — | | | | (7.73 | ) | | | (7.73 | ) | | | 44.17 | | | | 13.16 | | | | 188,938 | | | | 0.75 | | | | 0.75 | | | | (0.09 | ) | | | 93 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 38.68 | | | $ | (0.13 | ) | | $ | 6.72 | | | $ | 6.59 | | | $ | — | | | $ | (1.51 | ) | | $ | (1.51 | ) | | $ | 43.76 | | | | 17.63 | % | | $ | 1,497,082 | | | | 1.15 | % | | | 1.15 | % | | | (0.33 | )% | | | 136 | %(14) |
B | | | 30.38 | | | | (0.37 | ) | | | 5.21 | | | | 4.84 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 33.71 | | | | 16.65 | | | | 22,277 | | | | 2.07 | | | | 2.02 | | | | (1.18 | ) | | | 136 | (14) |
C | | | 30.51 | | | | (0.33 | ) | | | 5.24 | | | | 4.91 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 33.91 | | | | 16.81 | | | | 251,628 | | | | 1.88 | | | | 1.88 | | | | (1.05 | ) | | | 136 | (14) |
I | | | 39.49 | | | | (0.04 | ) | | | 6.88 | | | | 6.84 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 44.82 | | | | 17.92 | | | | 1,733,488 | | | | 0.91 | | | | 0.91 | | | | (0.09 | ) | | | 136 | (14) |
R3 | | | 39.21 | | | | (0.26 | ) | | | 6.81 | | | | 6.55 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 44.25 | | | | 17.28 | | | | 29,954 | | | | 1.46 | | | | 1.45 | | | | (0.62 | ) | | | 136 | (14) |
R4 | | | 40.06 | | | | (0.14 | ) | | | 6.98 | | | | 6.84 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 45.39 | | | | 17.65 | | | | 52,498 | | | | 1.15 | | | | 1.15 | | | | (0.32 | ) | | | 136 | (14) |
R5 | | | 40.76 | | | | (0.02 | ) | | | 7.13 | | | | 7.11 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 46.36 | | | | 18.02 | | | | 102,841 | | | | 0.85 | | | | 0.85 | | | | (0.05 | ) | | | 136 | (14) |
Y | | | 41.02 | | | | 0.03 | | | | 7.16 | | | | 7.19 | | | | — | | | | (1.51 | ) | | | (1.51 | ) | | | 46.70 | | | | 18.11 | | | | 68,001 | | | | 0.75 | | | | 0.75 | | | | 0.08 | | | | 136 | (14) |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Healthcare Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 34.86 | | | $ | (0.14 | ) | | $ | 1.45 | | | $ | 1.31 | | | $ | — | | | $ | (1.79 | ) | | $ | (1.79 | ) | | $ | 34.38 | | | | 3.86 | % | | $ | 682,175 | | | | 1.28 | % | | | 1.28 | % | | | (0.40 | )% | | | 27 | % |
C | | | 28.90 | | | | (0.33 | ) | | | 1.20 | | | | 0.87 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 27.98 | | | | 3.10 | | | | 160,084 | | | | 2.03 | | | | 2.02 | | | | (1.13 | ) | | | 27 | |
I | | | 36.43 | | | | (0.04 | ) | | | 1.51 | | | | 1.47 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 36.11 | | | | 4.15 | | | | 379,392 | | | | 1.00 | | | | 1.00 | | | | (0.11 | ) | | | 27 | |
R3 | | | 35.87 | | | | (0.26 | ) | | | 1.50 | | | | 1.24 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 35.32 | | | | 3.55 | | | | 38,412 | | | | 1.61 | | | | 1.61 | | | | (0.72 | ) | | | 27 | |
R4 | | | 37.50 | | | | (0.16 | ) | | | 1.57 | | | | 1.41 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 37.12 | | | | 3.86 | | | | 32,373 | | | | 1.30 | | | | 1.30 | | | | (0.42 | ) | | | 27 | |
R5 | | | 39.03 | | | | (0.05 | ) | | | 1.63 | | | | 1.58 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 38.82 | | | | 4.15 | | | | 7,757 | | | | 1.02 | | | | 1.02 | | | | (0.13 | ) | | | 27 | |
Y | | | 39.45 | | | | (0.01 | ) | | | 1.64 | | | | 1.63 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 39.29 | | | | 4.24 | | | | 52,896 | | | | 0.92 | | | | 0.92 | | | | (0.03 | ) | | | 27 | |
F | | | 36.45 | | | | — | | | | 1.51 | | | | 1.51 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 36.17 | | | | 4.26 | | | | 76,003 | | | | 0.90 | | | | 0.90 | | | | (0.01 | ) | | | 27 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 30.96 | | | $ | (0.12 | ) | | $ | 7.04 | | | $ | 6.92 | | | $ | — | | | $ | (3.02 | ) | | $ | (3.02 | ) | | $ | 34.86 | | | | 24.28 | % | | $ | 714,694 | | | | 1.29 | % | | | 1.29 | % | | | (0.36 | )% | | | 23 | % |
C | | | 26.34 | | | | (0.30 | ) | | | 5.88 | | | | 5.58 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 28.90 | | | | 23.37 | | | | 242,421 | | | | 2.04 | | | | 2.03 | | | | (1.10 | ) | | | 23 | |
I | | | 32.15 | | | | (0.04 | ) | | | 7.34 | | | | 7.30 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 36.43 | | | | 24.59 | | | | 351,686 | | | | 1.03 | | | | 1.03 | | | | (0.11 | ) | | | 23 | |
R3 | | | 31.87 | | | | (0.23 | ) | | | 7.25 | | | | 7.02 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 35.87 | | | | 23.87 | | | | 45,673 | | | | 1.61 | | | | 1.61 | | | | (0.68 | ) | | | 23 | |
R4 | | | 33.10 | | | | (0.13 | ) | | | 7.55 | | | | 7.42 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 37.50 | | | | 24.22 | | | | 35,927 | | | | 1.31 | | | | 1.31 | | | | (0.38 | ) | | | 23 | |
R5 | | | 34.23 | | | | (0.03 | ) | | | 7.85 | | | | 7.82 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 39.03 | | | | 24.62 | | | | 6,888 | | | | 1.01 | | | | 1.01 | | | | (0.08 | ) | | | 23 | |
Y | | | 34.54 | | | | (0.01 | ) | | | 7.94 | | | | 7.93 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 39.45 | | | | 24.72 | | | | 45,193 | | | | 0.93 | | | | 0.93 | | | | (0.02 | ) | | | 23 | |
F(5) | | | 33.96 | | | | 0.01 | | | | 2.48 | | | | 2.49 | | | | — | | | | — | | | | — | | | | 36.45 | | | | 7.33 | (6) | | | 61,710 | | | | 0.90 | (7) | | | 0.90 | (7) | | | 0.04 | (7) | | | 23 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 38.70 | | | $ | (0.12 | ) | | $ | (2.52 | ) | | $ | (2.64 | ) | | $ | (0.55 | ) | | $ | (4.55 | ) | | $ | (5.10 | ) | | $ | 30.96 | | | | (8.11 | )% | | $ | 757,038 | | | | 1.33 | % | | | 1.33 | % | | | (0.36 | )% | | | 35 | % |
B | | | 33.41 | | | | (0.36 | ) | | | (2.15 | ) | | | (2.51 | ) | | | (0.13 | ) | | | (4.55 | ) | | | (4.68 | ) | | | 26.22 | | | | (8.94 | ) | | | 2,056 | | | | 2.24 | | | | 2.22 | | | | (1.26 | ) | | | 35 | |
C | | | 33.73 | | | | (0.31 | ) | | | (2.15 | ) | | | (2.46 | ) | | | (0.38 | ) | | | (4.55 | ) | | | (4.93 | ) | | | 26.34 | | | | (8.78 | ) | | | 254,009 | | | | 2.06 | | | | 2.06 | | | | (1.10 | ) | | | 35 | |
I | | | 39.98 | | | | (0.03 | ) | | | (2.61 | ) | | | (2.64 | ) | | | (0.64 | ) | | | (4.55 | ) | | | (5.19 | ) | | | 32.15 | | | | (7.86 | ) | | | 228,463 | | | | 1.07 | | | | 1.07 | | | | (0.09 | ) | | | 35 | |
R3 | | | 39.69 | | | | (0.22 | ) | | | (2.61 | ) | | | (2.83 | ) | | | (0.44 | ) | | | (4.55 | ) | | | (4.99 | ) | | | 31.87 | | | | (8.38 | ) | | | 43,993 | | | | 1.62 | | | | 1.62 | | | | (0.66 | ) | | | 35 | |
R4 | | | 41.01 | | | | (0.13 | ) | | | (2.69 | ) | | | (2.82 | ) | | | (0.54 | ) | | | (4.55 | ) | | | (5.09 | ) | | | 33.10 | | | | (8.09 | ) | | | 38,273 | | | | 1.32 | | | | 1.32 | | | | (0.36 | ) | | | 35 | |
R5 | | | 42.22 | | | | (0.02 | ) | | | (2.79 | ) | | | (2.81 | ) | | | (0.63 | ) | | | (4.55 | ) | | | (5.18 | ) | | | 34.23 | | | | (7.82 | ) | | | 5,342 | | | | 1.03 | | | | 1.03 | | | | (0.06 | ) | | | 35 | |
Y | | | 42.54 | | | | 0.02 | | | | (2.80 | ) | | | (2.78 | ) | | | (0.67 | ) | | | (4.55 | ) | | | (5.22 | ) | | | 34.54 | | | | (7.72 | ) | | | 51,125 | | | | 0.92 | | | | 0.92 | | | | 0.05 | | | | 35 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 36.60 | | | $ | (0.18 | ) | | $ | 4.77 | | | $ | 4.59 | | | $ | — | | | $ | (2.49 | ) | | $ | (2.49 | ) | | $ | 38.70 | | | | 13.19 | % | | $ | 914,414 | | | | 1.28 | % | | | 1.28 | % | | | (0.46 | )% | | | 39 | % |
B | | | 32.18 | | | | (0.46 | ) | | | 4.18 | | | | 3.72 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 33.41 | | | | 12.23 | | | | 6,239 | | | | 2.15 | | | | 2.15 | | | | (1.35 | ) | | | 39 | |
C | | | 32.42 | | | | (0.41 | ) | | | 4.21 | | | | 3.80 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 33.73 | | | | 12.40 | | | | 310,668 | | | | 2.02 | | | | 2.02 | | | | (1.19 | ) | | | 39 | |
I | | | 37.63 | | | | (0.07 | ) | | | 4.91 | | | | 4.84 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 39.98 | | | | 13.51 | | | | 266,553 | | | | 1.01 | | | | 1.01 | | | | (0.18 | ) | | | 39 | |
R3 | | | 37.58 | | | | (0.31 | ) | | | 4.91 | | | | 4.60 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 39.69 | | | | 12.85 | | | | 59,135 | | | | 1.61 | | | | 1.61 | | | | (0.78 | ) | | | 39 | |
R4 | | | 38.64 | | | | (0.20 | ) | | | 5.06 | | | | 4.86 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 41.01 | | | | 13.19 | | | | 51,253 | | | | 1.30 | | | | 1.30 | | | | (0.48 | ) | | | 39 | |
R5 | | | 39.60 | | | | (0.08 | ) | | | 5.19 | | | | 5.11 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 42.22 | | | | 13.52 | | | | 5,326 | | | | 1.01 | | | | 1.01 | | | | (0.18 | ) | | | 39 | |
Y | | | 39.85 | | | | (0.03 | ) | | | 5.21 | | | | 5.18 | | | | — | | | | (2.49 | ) | | | (2.49 | ) | | | 42.54 | | | | 13.64 | | | | 8,834 | | | | 0.90 | | | | 0.90 | | | | (0.08 | ) | | | 39 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 28.05 | | | $ | (0.13 | ) | | $ | 8.68 | | | $ | 8.55 | | | $ | — | | | $ | — | | | $ | — | | | $ | 36.60 | | | | 30.48 | % | | $ | 599,010 | | | | 1.33 | % | | | 1.33 | % | | | (0.40 | )% | | | 28 | % |
B | | | 24.88 | | | | (0.36 | ) | | | 7.66 | | | | 7.30 | | | | — | | | | — | | | | — | | | | 32.18 | | | | 29.34 | | | | 11,303 | | | | 2.20 | | | | 2.20 | | | | (1.27 | ) | | | 28 | |
C | | | 25.03 | | | | (0.32 | ) | | | 7.71 | | | | 7.39 | | | | — | | | | — | | | | — | | | | 32.42 | | | | 29.52 | | | | 176,581 | | | | 2.06 | | | | 2.06 | | | | (1.13 | ) | | | 28 | |
I | | | 28.76 | | | | (0.04 | ) | | | 8.91 | | | | 8.87 | | | | — | | | | — | | | | — | | | | 37.63 | | | | 30.84 | | | | 137,450 | | | | 1.05 | | | | 1.05 | | | | (0.12 | ) | | | 28 | |
R3 | | | 28.89 | | | | (0.24 | ) | | | 8.93 | | | | 8.69 | | | | — | | | | — | | | | — | | | | 37.58 | | | | 30.08 | | | | 40,482 | | | | 1.64 | | | | 1.64 | | | | (0.71 | ) | | | 28 | |
R4 | | | 29.62 | | | | (0.14 | ) | | | 9.16 | | | | 9.02 | | | | — | | | | — | | | | — | | | | 38.64 | | | | 30.45 | | | | 29,530 | | | | 1.34 | | | | 1.34 | | | | (0.41 | ) | | | 28 | |
R5 | | | 30.27 | | | | (0.04 | ) | | | 9.37 | | | | 9.33 | | | | — | | | | — | | | | — | | | | 39.60 | | | | 30.82 | | | | 2,323 | | | | 1.05 | | | | 1.05 | | | | (0.12 | ) | | | 28 | |
Y | | | 30.42 | | | | — | | | | 9.43 | | | | 9.43 | | | | — | | | | — | | | | — | | | | 39.85 | | | | 31.00 | | | | 6,081 | | | | 0.94 | | | | 0.94 | | | | — | | | | 28 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford MidCap Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 30.36 | | | $ | (0.12 | ) | | $ | 1.20 | | | $ | 1.08 | | | $ | — | | | $ | (1.41 | ) | | $ | (1.41 | ) | | $ | 30.03 | | | | 3.63 | % | | $ | 2,592,610 | | | | 1.11 | % | | | 1.10 | % | | | (0.39 | )% | | | 37 | % |
C | | | 22.67 | | | | (0.27 | ) | | | 0.91 | | | | 0.64 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 21.90 | | | | 2.84 | | | | 580,708 | | | | 1.85 | | | | 1.85 | | | | (1.14 | ) | | | 37 | |
I | | | 31.12 | | | | (0.03 | ) | | | 1.23 | | | | 1.20 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 30.91 | | | | 3.91 | | | | 3,666,464 | | | | 0.82 | | | | 0.82 | | | | (0.11 | ) | | | 37 | |
R3 | | | 33.64 | | | | (0.26 | ) | | | 1.34 | | | | 1.08 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 33.31 | | | | 3.23 | | | | 102,632 | | | | 1.46 | | | | 1.46 | | | | (0.75 | ) | | | 37 | |
R4 | | | 34.78 | | | | (0.16 | ) | | | 1.38 | | | | 1.22 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 34.59 | | | | 3.57 | | | | 289,049 | | | | 1.16 | | | | 1.15 | | | | (0.43 | ) | | | 37 | |
R5 | | | 35.59 | | | | (0.05 | ) | | | 1.42 | | | | 1.37 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.55 | | | | 3.89 | | | | 468,146 | | | | 0.85 | | | | 0.85 | | | | (0.13 | ) | | | 37 | |
R6 | | | 35.90 | | | | (0.01 | ) | | | 1.42 | | | | 1.41 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.90 | | | | 3.97 | | | | 1,014,518 | | | | 0.75 | | | | 0.75 | | | | (0.04 | ) | | | 37 | |
Y | | | 35.88 | | | | (0.02 | ) | | | 1.42 | | | | 1.40 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.87 | | | | 3.95 | | | | 1,934,520 | | | | 0.78 | | | | 0.78 | | | | (0.06 | ) | | | 37 | |
F | | | 31.15 | | | | (0.01 | ) | | | 1.23 | | | | 1.22 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 30.96 | | | | 3.97 | | | | 1,648,425 | | | | 0.75 | | | | 0.75 | | | | (0.03 | ) | | | 37 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 24.25 | | | $ | (0.11 | ) | | $ | 7.00 | | | $ | 6.89 | | | $ | — | | | $ | (0.78 | ) | | $ | (0.78 | ) | | $ | 30.36 | | | | 29.02 | % | | $ | 2,482,275 | | | | 1.13 | % | | | 1.12 | % | | | (0.38 | )% | | | 30 | % |
C | | | 18.42 | | | | (0.23 | ) | | | 5.26 | | | | 5.03 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 22.67 | | | | 28.07 | | | | 717,521 | | | | 1.87 | | | | 1.87 | | | | (1.12 | ) | | | 30 | |
I | | | 24.79 | | | | (0.05 | ) | | | 7.16 | | | | 7.11 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 31.12 | | | | 29.28 | | | | 2,996,705 | | | | 1.02 | | | | 0.89 | | | | (0.17 | ) | | | 30 | |
R3 | | | 26.88 | | | | (0.22 | ) | | | 7.76 | | | | 7.54 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 33.64 | | | | 28.59 | | | | 90,582 | | | | 1.47 | | | | 1.47 | | | | (0.73 | ) | | | 30 | |
R4 | | | 27.69 | | | | (0.14 | ) | | | 8.01 | | | | 7.87 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 34.78 | | | | 28.95 | | | | 263,236 | | | | 1.16 | | | | 1.16 | | | | (0.43 | ) | | | 30 | |
R5 | | | 28.24 | | | | (0.04 | ) | | | 8.17 | | | | 8.13 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.59 | | | | 29.32 | | | | 356,166 | | | | 0.86 | | | | 0.86 | | | | (0.14 | ) | | | 30 | |
R6 | | | 28.45 | | | | (0.05 | ) | | | 8.28 | | | | 8.23 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.90 | | | | 29.45 | | | | 431,183 | | | | 0.76 | | | | 0.76 | | | | (0.14 | ) | | | 30 | |
Y | | | 28.44 | | | | (0.01 | ) | | | 8.23 | | | | 8.22 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.88 | | | | 29.43 | | | | 1,847,676 | | | | 0.78 | | | | 0.78 | | | | (0.04 | ) | | | 30 | |
F(5) | | | 27.52 | | | | (0.03 | ) | | | 3.66 | | | | 3.63 | | | | — | | | | — | | | | — | | | | 31.15 | | | | 13.19 | (6) | | | 1,244,732 | | | | 0.76 | (7) | | | 0.76 | (7) | | | (0.15 | )(7) | | | 30 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 26.47 | | | $ | (0.07 | ) | | $ | (0.22 | ) | | $ | (0.29 | ) | | $ | — | | | $ | (1.93 | ) | | $ | (1.93 | ) | | $ | 24.25 | | | | (0.79 | )% | | $ | 2,041,826 | | | | 1.17 | % | | | 1.17 | % | | | (0.29 | )% | | | 31 | % |
B | | | 20.13 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 17.80 | | | | (1.66 | ) | | | 16,842 | | | | 2.06 | | | | 2.06 | | | | (1.16 | ) | | | 31 | |
C | | | 20.73 | | | | (0.18 | ) | | | (0.20 | ) | | | (0.38 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 18.42 | | | | (1.50 | ) | | | 611,311 | | | | 1.89 | | | | 1.89 | | | | (1.01 | ) | | | 31 | |
I | | | 26.96 | | | | (0.04 | ) | | | (0.20 | ) | | | (0.24 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 24.79 | | | | (0.57 | ) | | | 1,725,700 | | | | 1.02 | | | | 1.02 | | | | (0.18 | ) | | | 31 | |
R3 | | | 29.20 | | | | (0.16 | ) | | | (0.23 | ) | | | (0.39 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 26.88 | | | | (1.07 | ) | | | 71,711 | | | | 1.48 | | | | 1.48 | | | | (0.59 | ) | | | 31 | |
R4 | | | 29.93 | | | | (0.08 | ) | | | (0.23 | ) | | | (0.31 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 27.69 | | | | (0.76 | ) | | | 165,137 | | | | 1.18 | | | | 1.18 | | | | (0.30 | ) | | | 31 | |
R5 | | | 30.39 | | | | — | | | | (0.22 | ) | | | (0.22 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.24 | | | | (0.47 | ) | | | 193,533 | | | | 0.87 | | | | 0.87 | | | | — | | | | 31 | |
R6 | | | 30.58 | | | | — | | | | (0.20 | ) | | | (0.20 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.45 | | | | (0.36 | ) | | | 26,352 | | | | 0.77 | | | | 0.77 | | | | 0.01 | | | | 31 | |
Y | | | 30.57 | | | | 0.03 | | | | (0.23 | ) | | | (0.20 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.44 | | | | (0.36 | ) | | | 1,490,965 | | | | 0.77 | | | | 0.77 | | | | 0.10 | | | | 31 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 27.38 | | | $ | (0.09 | ) | | $ | 1.85 | | | $ | 1.76 | | | $ | — | | | $ | (2.67 | ) | | $ | (2.67 | ) | | $ | 26.47 | | | | 7.28 | % | | $ | 2,048,529 | | | | 1.14 | % | | | 1.14 | % | | | (0.35 | )% | | | 29 | % |
B | | | 21.65 | | | | (0.25 | ) | | | 1.40 | | | | 1.15 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 20.13 | | | | 6.28 | | | | 24,665 | | | | 2.03 | | | | 2.03 | | | | (1.22 | ) | | | 29 | |
C | | | 22.18 | | | | (0.23 | ) | | | 1.45 | | | | 1.22 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 20.73 | | | | 6.46 | | | | 626,345 | | | | 1.88 | | | | 1.88 | | | | (1.09 | ) | | | 29 | |
I | | | 27.78 | | | | (0.02 | ) | | | 1.87 | | | | 1.85 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 26.96 | | | | 7.52 | | | | 702,566 | | | | 0.87 | | | | 0.87 | | | | (0.09 | ) | | | 29 | |
R3 | | | 30.02 | | | | (0.20 | ) | | | 2.05 | | | | 1.85 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 29.20 | | | | 6.91 | | | | 76,925 | | | | 1.47 | | | | 1.47 | | | | (0.69 | ) | | | 29 | |
R4 | | | 30.61 | | | | (0.11 | ) | | | 2.10 | | | | 1.99 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 29.93 | | | | 7.26 | | | | 135,698 | | | | 1.16 | | | | 1.16 | | | | (0.39 | ) | | | 29 | |
R5 | | | 30.96 | | | | (0.03 | ) | | | 2.13 | | | | 2.10 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 30.39 | | | | 7.59 | | | | 164,879 | | | | 0.86 | | | | 0.86 | | | | (0.09 | ) | | | 29 | |
R6(9) | | | 31.11 | | | | (0.04 | ) | | | 2.18 | | | | 2.14 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 30.58 | | | | 7.65 | (6) | | | 1,230 | | | | 0.77 | (7) | | | 0.77 | (7) | | | (0.13 | )(7) | | | 29 | |
Y | | | 31.10 | | | | 0.01 | | | | 2.13 | | | | 2.14 | | | | — | | | | (2.67 | ) | | | (2.67 | ) | | | 30.57 | | | | 7.66 | | | | 1,201,917 | | | | 0.76 | | | | 0.76 | | | | 0.04 | | | | 29 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 25.67 | | | $ | (0.10 | ) | | $ | 3.82 | | | $ | 3.72 | | | $ | — | | | $ | (2.01 | ) | | $ | (2.01 | ) | | $ | 27.38 | | | | 15.57 | % | | $ | 1,891,075 | | | | 1.15 | % | | | 1.15 | % | | | (0.40 | )% | | | 34 | % |
B | | | 20.88 | | | | (0.27 | ) | | | 3.05 | | | | 2.78 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 21.65 | | | | 14.56 | | | | 29,446 | | | | 2.05 | | | | 2.05 | | | | (1.29 | ) | | | 34 | |
C | | | 21.30 | | | | (0.24 | ) | | | 3.13 | | | | 2.89 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 22.18 | | | | 14.81 | | | | 544,154 | | | | 1.88 | | | | 1.88 | | | | (1.13 | ) | | | 34 | |
I | | | 25.95 | | | | (0.04 | ) | | | 3.88 | | | | 3.84 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 27.78 | | | | 15.89 | | | | 550,720 | | | | 0.90 | | | | 0.90 | | | | (0.17 | ) | | | 34 | |
R3 | | | 28.03 | | | | (0.21 | ) | | | 4.21 | | | | 4.00 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 30.02 | | | | 15.24 | | | | 56,403 | | | | 1.47 | | | | 1.47 | | | | (0.72 | ) | | | 34 | |
R4 | | | 28.47 | | | | (0.12 | ) | | | 4.27 | | | | 4.15 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 30.61 | | | | 15.55 | | | | 94,232 | | | | 1.16 | | | | 1.16 | | | | (0.41 | ) | | | 34 | |
R5 | | | 28.69 | | | | (0.03 | ) | | | 4.31 | | | | 4.28 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 30.96 | | | | 15.91 | | | | 110,364 | | | | 0.86 | | | | 0.86 | | | | (0.11 | ) | | | 34 | |
Y | | | 28.77 | | | | (0.01 | ) | | | 4.35 | | | | 4.34 | | | | — | | | | (2.01 | ) | | | (2.01 | ) | | | 31.10 | | | | 16.08 | | | | 1,078,695 | | | | 0.76 | | | | 0.76 | | | | (0.02 | ) | | | 34 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford MidCap Value Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 15.62 | | | $ | 0.03 | | | $ | (0.72 | ) | | $ | (0.69 | ) | | $ | — | | | $ | (0.39 | ) | | $ | (0.39 | ) | | $ | 14.54 | | | | (4.56 | )% | | $ | 284,646 | | | | 1.22 | % | | | 1.22 | % | | | 0.18 | % | | | 49 | % |
C | | | 13.03 | | | | (0.07 | ) | | | (0.60 | ) | | | (0.67 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 11.97 | | | | (5.26 | ) | | | 17,909 | | | | 1.98 | | | | 1.97 | | | | (0.57 | ) | | | 49 | |
I | | | 15.72 | | | | 0.08 | | | | (0.73 | ) | | | (0.65 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 14.68 | | | | (4.27 | ) | | | 34,656 | | | | 0.90 | | | | 0.90 | | | | 0.50 | | | | 49 | |
R3 | | | 16.39 | | | | (0.02 | ) | | | (0.75 | ) | | | (0.77 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 15.23 | | | | (4.84 | ) | | | 9,555 | | | | 1.52 | | | | 1.52 | | | | (0.13 | ) | | | 49 | |
R4 | | | 16.68 | | | | 0.03 | | | | (0.77 | ) | | | (0.74 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 15.55 | | | | (4.52 | ) | | | 11,639 | | | | 1.22 | | | | 1.22 | | | | 0.18 | | | | 49 | |
R5 | | | 16.88 | | | | 0.08 | | | | (0.78 | ) | | | (0.70 | ) | | | (0.03 | ) | | | (0.39 | ) | | | (0.42 | ) | | | 15.76 | | | | (4.32 | ) | | | 8,087 | | | | 0.91 | | | | 0.91 | | | | 0.48 | | | | 49 | |
Y | | | 16.93 | | | | 0.09 | | | | (0.79 | ) | | | (0.70 | ) | | | (0.04 | ) | | | (0.39 | ) | | | (0.43 | ) | | | 15.80 | | | | (4.23 | ) | | | 11,371 | | | | 0.86 | | | | 0.86 | | | | 0.52 | | | | 49 | |
F | | | 15.76 | | | | 0.10 | | | | (0.73 | ) | | | (0.63 | ) | | | (0.05 | ) | | | (0.39 | ) | | | (0.44 | ) | | | 14.69 | | | | (4.18 | ) | | | 252,917 | | | | 0.80 | | | | 0.80 | | | | 0.61 | | | | 49 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 13.98 | | | $ | 0.01 | | | $ | 2.65 | | | $ | 2.66 | | | $ | — | | | $ | (1.02 | ) | | $ | (1.02 | ) | | $ | 15.62 | | | | 19.67 | % | | $ | 291,082 | | | | 1.23 | % | | | 1.23 | % | | | 0.06 | % | | | 40 | % |
C | | | 11.90 | | | | (0.08 | ) | | | 2.23 | | | | 2.15 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 13.03 | | | | 18.66 | | | | 35,520 | | | | 1.96 | | | | 1.96 | | | | (0.67 | ) | | | 40 | |
I | | | 14.09 | | | | 0.03 | | | | 2.67 | | | | 2.70 | | | | (0.05 | ) | | | (1.02 | ) | | | (1.07 | ) | | | 15.72 | | | | 19.81 | | | | 43,342 | | | | 1.20 | | | | 1.10 | | | | 0.20 | | | | 40 | |
R3 | | | 14.67 | | | | (0.04 | ) | | | 2.78 | | | | 2.74 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 16.39 | | | | 19.26 | | | | 11,923 | | | | 1.52 | | | | 1.52 | | | | (0.23 | ) | | | 40 | |
R4 | | | 14.87 | | | | 0.01 | | | | 2.82 | | | | 2.83 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 16.68 | | | | 19.58 | | | | 12,637 | | | | 1.21 | | | | 1.21 | | | | 0.08 | | | | 40 | |
R5 | | | 15.03 | | | | 0.06 | | | | 2.86 | | | | 2.92 | | | | (0.05 | ) | | | (1.02 | ) | | | (1.07 | ) | | | 16.88 | | | | 20.06 | | | | 11,445 | | | | 0.91 | | | | 0.91 | | | | 0.38 | | | | 40 | |
Y | | | 15.07 | | | | 0.08 | | | | 2.86 | | | | 2.94 | | | | (0.06 | ) | | | (1.02 | ) | | | (1.08 | ) | | | 16.93 | | | | 20.10 | | | | 28,403 | | | | 0.82 | | | | 0.82 | | | | 0.48 | | | | 40 | |
F(5) | | | 14.97 | | | | 0.05 | | | | 0.74 | | | | 0.79 | | | | — | | | | — | | | | — | | | | 15.76 | | | | 5.28 | (6) | | | 238,682 | | | | 0.81 | (7) | | | 0.81 | (7) | | | 0.46 | (7) | | | 40 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 15.11 | | | $ | 0.03 | | | $ | (0.03 | ) | | $ | — | | | $ | (0.02 | ) | | $ | (1.11 | ) | | $ | (1.13 | ) | | $ | 13.98 | | | | 0.18 | % | | $ | 246,023 | | | | 1.30 | % | | | 1.30 | %(15) | | | 0.18 | % | | | 56 | % |
B | | | 13.15 | | | | (0.07 | ) | | | (0.03 | ) | | | (0.10 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 11.94 | | | | (0.57 | ) | | | 637 | | | | 2.42 | | | | 2.12 | (15) | | | (0.63 | ) | | | 56 | |
C | | | 13.09 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.08 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 11.90 | | | | (0.42 | ) | | | 35,965 | | | | 2.02 | | | | 2.02 | (15) | | | (0.54 | ) | | | 56 | |
I | | | 15.22 | | | | 0.05 | | | | (0.01 | ) | | | 0.04 | | | | (0.06 | ) | | | (1.11 | ) | | | (1.17 | ) | | | 14.09 | | | | 0.48 | | | | 83,155 | | | | 1.06 | | | | 1.06 | (15) | | | 0.39 | | | | 56 | |
R3 | | | 15.82 | | | | (0.01 | ) | | | (0.03 | ) | | | (0.04 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 14.67 | | | | (0.07 | ) | | | 11,396 | | | | 1.56 | | | | 1.56 | (15) | | | (0.07 | ) | | | 56 | |
R4 | | | 15.99 | | | | 0.03 | | | | (0.02 | ) | | | 0.01 | | | | (0.02 | ) | | | (1.11 | ) | | | (1.13 | ) | | | 14.87 | | | | 0.30 | | | | 13,448 | | | | 1.25 | | | | 1.25 | (15) | | | 0.23 | | | | 56 | |
R5 | | | 16.15 | | | | 0.08 | | | | (0.03 | ) | | | 0.05 | | | | (0.06 | ) | | | (1.11 | ) | | | (1.17 | ) | | | 15.03 | | | | 0.54 | | | | 9,831 | | | | 0.95 | | | | 0.95 | (15) | | | 0.52 | | | | 56 | |
Y | | | 16.19 | | | | 0.09 | | | | (0.03 | ) | | | 0.06 | | | | (0.07 | ) | | | (1.11 | ) | | | (1.18 | ) | | | 15.07 | | | | 0.63 | | | | 79,990 | | | | 0.85 | | | | 0.85 | (15) | | | 0.63 | | | | 56 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 16.73 | | | $ | 0.02 | | | $ | 0.25 | | | $ | 0.27 | | | $ | (0.02 | ) | | $ | (1.87 | ) | | $ | (1.89 | ) | | $ | 15.11 | | | | 2.28 | % | | $ | 229,953 | | | | 1.25 | % | | | 1.25 | % | | | 0.11 | % | | | 33 | % |
B | | | 14.91 | | | | (0.10 | ) | | | 0.21 | | | | 0.11 | | | | — | | | | (1.87 | ) | | | (1.87 | ) | | | 13.15 | | | | 1.37 | | | | 1,417 | | | | 2.28 | | | | 2.09 | | | | (0.75 | ) | | | 33 | |
C | | | 14.84 | | | | (0.08 | ) | | | 0.20 | | | | 0.12 | | | | — | | | | (1.87 | ) | | | (1.87 | ) | | | 13.09 | | | | 1.45 | | | | 41,149 | | | | 1.97 | | | | 1.97 | | | | (0.62 | ) | | | 33 | |
I | | | 16.85 | | | | 0.07 | | | | 0.25 | | | | 0.32 | | | | (0.08 | ) | | | (1.87 | ) | | | (1.95 | ) | | | 15.22 | | | | 2.57 | | | | 29,987 | | | | 0.92 | | | | 0.92 | | | | 0.42 | | | | 33 | |
R3 | | | 17.45 | | | | (0.03 | ) | | | 0.27 | | | | 0.24 | | | | — | | | | (1.87 | ) | | | (1.87 | ) | | | 15.82 | | | | 1.97 | | | | 10,204 | | | | 1.52 | | | | 1.52 | | | | (0.19 | ) | | | 33 | |
R4 | | | 17.61 | | | | 0.02 | | | | 0.27 | | | | 0.29 | | | | (0.04 | ) | | | (1.87 | ) | | | (1.91 | ) | | | 15.99 | | | | 2.26 | | | | 11,711 | | | | 1.21 | | | | 1.21 | | | | 0.15 | | | | 33 | |
R5 | | | 17.75 | | | | 0.07 | | | | 0.28 | | | | 0.35 | | | | (0.08 | ) | | | (1.87 | ) | | | (1.95 | ) | | | 16.15 | | | | 2.62 | | | | 7,564 | | | | 0.92 | | | | 0.92 | | | | 0.44 | | | | 33 | |
Y | | | 17.78 | | | | 0.09 | | | | 0.28 | | | | 0.37 | | | | (0.09 | ) | | | (1.87 | ) | | | (1.96 | ) | | | 16.19 | | | | 2.73 | | | | 158,691 | | | | 0.81 | | | | 0.81 | | | | 0.54 | | | | 33 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 16.44 | | | $ | 0.03 | | | $ | 1.81 | | | $ | 1.84 | | | $ | — | | | $ | (1.55 | ) | | $ | (1.55 | ) | | $ | 16.73 | | | | 12.32 | % | | $ | 222,876 | | | | 1.27 | % | | | 1.27 | % | | | 0.19 | % | | | 43 | % |
B | | | 14.93 | | | | (0.09 | ) | | | 1.62 | | | | 1.53 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 14.91 | | | | 11.41 | | | | 2,156 | | | | 2.28 | | | | 2.10 | | | | (0.63 | ) | | | 43 | |
C | | | 14.85 | | | | (0.08 | ) | | | 1.62 | | | | 1.54 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 14.84 | | | | 11.56 | | | | 41,382 | | | | 1.99 | | | | 1.99 | | | | (0.53 | ) | | | 43 | |
I | | | 16.49 | | | | 0.09 | | | | 1.82 | | | | 1.91 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 16.85 | | | | 12.75 | | | | 37,414 | | | | 0.92 | | | | 0.92 | | | | 0.53 | | | | 43 | |
R3 | | | 17.12 | | | | (0.01 | ) | | | 1.89 | | | | 1.88 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 17.45 | | | | 12.05 | | | | 10,187 | | | | 1.53 | | | | 1.53 | | | | (0.08 | ) | | | 43 | |
R4 | | | 17.21 | | | | 0.04 | | | | 1.91 | | | | 1.95 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 17.61 | | | | 12.42 | | | | 9,476 | | | | 1.22 | | | | 1.22 | | | | 0.22 | | | | 43 | |
R5 | | | 17.29 | | | | 0.09 | | | | 1.92 | | | | 2.01 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 17.75 | | | | 12.73 | | | | 2,851 | | | | 0.93 | | | | 0.93 | | | | 0.52 | | | | 43 | |
Y | | | 17.31 | | | | 0.11 | | | | 1.91 | | | | 2.02 | | | | — | | | | (1.55 | ) | | | (1.55 | ) | | | 17.78 | | | | 12.79 | | | | 166,729 | | | | 0.82 | | | | 0.82 | | | | 0.63 | | | | 43 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Quality Value Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 20.49 | | | $ | 0.31 | | | $ | 0.16 | | | $ | 0.47 | | | $ | (0.20 | ) | | $ | (0.76 | ) | | $ | (0.96 | ) | | $ | 20.00 | | | | 2.25 | % | | $ | 164,325 | | | | 1.06 | % | | | 1.04 | % | | | 1.52 | % | | | 85 | % |
C | | | 17.67 | | | | 0.14 | | | | 0.15 | | | | 0.29 | | | | (0.08 | ) | | | (0.76 | ) | | | (0.84 | ) | | | 17.12 | | | | 1.53 | | | | 9,082 | | | | 1.81 | | | | 1.79 | | | | 0.80 | | | | 85 | |
I | | | 20.25 | | | | 0.38 | | | | 0.16 | | | | 0.54 | | | | (0.25 | ) | | | (0.76 | ) | | | (1.01 | ) | | | 19.78 | | | | 2.60 | | | | 12,974 | | | | 0.71 | | | | 0.69 | | | | 1.87 | | | | 85 | |
R3 | | | 20.70 | | | | 0.26 | | | | 0.17 | | | | 0.43 | | | | (0.08 | ) | | | (0.76 | ) | | | (0.84 | ) | | | 20.29 | | | | 2.03 | | | | 1,075 | | | | 1.34 | | | | 1.30 | | | | 1.26 | | | | 85 | |
R4 | | | 20.95 | | | | 0.33 | | | | 0.16 | | | | 0.49 | | | | (0.19 | ) | | | (0.76 | ) | | | (0.95 | ) | | | 20.49 | | | | 2.29 | | | | 6,014 | | | | 1.04 | | | | 1.01 | | | | 1.55 | | | | 85 | |
R5 | | | 21.13 | | | | 0.38 | | | | 0.17 | | | | 0.55 | | | | (0.25 | ) | | | (0.76 | ) | | | (1.01 | ) | | | 20.67 | | | | 2.57 | | | | 504 | | | | 0.74 | | | | 0.72 | | | | 1.76 | | | | 85 | |
R6(16) | | | 20.99 | | | | 0.28 | | | | (0.53 | )(19) | | | (0.25 | ) | | | — | | | | — | | | | — | | | | 20.74 | | | | (1.19 | )(6) | | | 10 | | | | 0.61 | (7) | | | 0.59 | (7) | | | 1.95 | (7) | | | 85 | |
Y | | | 21.19 | | | | 0.40 | | | | 0.17 | | | | 0.57 | | | | (0.28 | ) | | | (0.76 | ) | | | (1.04 | ) | | | 20.72 | | | | 2.65 | | | | 601 | | | | 0.68 | | | | 0.66 | | | | 1.90 | | | | 85 | |
F | | | 20.26 | | | | 0.39 | | | | 0.17 | | | | 0.56 | | | | (0.29 | ) | | | (0.76 | ) | | | (1.05 | ) | | | 19.77 | | | | 2.71 | | | | 88,336 | | | | 0.62 | | | | 0.60 | | | | 1.94 | | | | 85 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 17.94 | | | $ | 0.19 | | | $ | 2.64 | | | $ | 2.83 | | | $ | (0.14 | ) | | $ | (0.14 | ) | | $ | (0.28 | ) | | $ | 20.49 | | | | 15.89 | % | | $ | 180,059 | | | | 1.20 | % | | | 1.20 | % | | | 0.95 | % | | | 39 | % |
C | | | 15.52 | | | | 0.04 | | | | 2.28 | | | | 2.32 | | | | (0.03 | ) | | | (0.14 | ) | | | (0.17 | ) | | | 17.67 | | | | 15.05 | | | | 20,312 | | | | 1.93 | | | | 1.93 | | | | 0.22 | | | | 39 | |
I | | | 17.75 | | | | 0.24 | | | | 2.60 | | | | 2.84 | | | | (0.20 | ) | | | (0.14 | ) | | | (0.34 | ) | | | 20.25 | | | | 16.19 | | | | 15,561 | | | | 0.94 | | | | 0.94 | | | | 1.22 | | | | 39 | |
R3 | | | 18.13 | | | | 0.13 | | | | 2.66 | | | | 2.79 | | | | (0.08 | ) | | | (0.14 | ) | | | (0.22 | ) | | | 20.70 | | | | 15.48 | | | | 1,448 | | | | 1.54 | | | | 1.53 | | | | 0.63 | | | | 39 | |
R4 | | | 18.34 | | | | 0.19 | | | | 2.70 | | | | 2.89 | | | | (0.14 | ) | | | (0.14 | ) | | | (0.28 | ) | | | 20.95 | | | | 15.87 | | | | 7,550 | | | | 1.20 | | | | 1.20 | | | | 0.96 | | | | 39 | |
R5 | | | 18.49 | | | | 0.23 | | | | 2.75 | | | | 2.98 | | | | (0.20 | ) | | | (0.14 | ) | | | (0.34 | ) | | | 21.13 | | | | 16.25 | | | | 480 | | | | 0.91 | | | | 0.91 | | | | 1.17 | | | | 39 | |
Y | | | 18.55 | | | | 0.27 | | | | 2.73 | | | | 3.00 | | | | (0.22 | ) | | | (0.14 | ) | | | (0.36 | ) | | | 21.19 | | | | 16.32 | | | | 1,052 | | | | 0.83 | | | | 0.83 | | | | 1.31 | | | | 39 | |
F(5) | | | 19.58 | | | | 0.16 | | | | 0.52 | | | | 0.68 | | | | — | | | | — | | | | — | | | | 20.26 | | | | 3.47 | (6) | | | 12,030 | | | | 0.80 | (7) | | | 0.80 | (7) | | | 1.17 | (7) | | | 39 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 18.66 | | | $ | 0.16 | | | $ | 0.57 | | | $ | 0.73 | | | $ | (0.21 | ) | | $ | (1.24 | ) | | $ | (1.45 | ) | | $ | 17.94 | | | | 4.71 | % | | $ | 187,475 | | | | 1.25 | % | | | 1.25 | %(17) | | | 0.93 | % | | | 41 | % |
B | | | 16.45 | | | | 0.02 | | | | 0.48 | | | | 0.50 | | | | (0.01 | ) | | | (1.24 | ) | | | (1.25 | ) | | | 15.70 | | | | 3.75 | | | | 695 | | | | 2.41 | | | | 2.11 | (17) | | | 0.11 | | | | 41 | |
C | | | 16.34 | | | | 0.03 | | | | 0.49 | | | | 0.52 | | | | (0.10 | ) | | | (1.24 | ) | | | (1.34 | ) | | | 15.52 | | | | 3.93 | | | | 22,223 | | | | 1.97 | | | | 1.97 | (17) | | | 0.21 | | | | 41 | �� |
I | | | 18.47 | | | | 0.21 | | | | 0.57 | | | | 0.78 | | | | (0.26 | ) | | | (1.24 | ) | | | (1.50 | ) | | | 17.75 | | | | 5.03 | | | | 19,139 | | | | 0.92 | | | | 0.92 | (17) | | | 1.23 | | | | 41 | |
R3 | | | 18.83 | | | | 0.11 | | | | 0.58 | | | | 0.69 | | | | (0.15 | ) | | | (1.24 | ) | | | (1.39 | ) | | | 18.13 | | | | 4.39 | | | | 2,783 | | | | 1.54 | | | | 1.54 | (17) | | | 0.64 | | | | 41 | |
R4 | | | 19.03 | | | | 0.17 | | | | 0.59 | | | | 0.76 | | | | (0.21 | ) | | | (1.24 | ) | | | (1.45 | ) | | | 18.34 | | | | 4.73 | | | | 8,720 | | | | 1.22 | | | | 1.22 | (17) | | | 0.96 | | | | 41 | |
R5 | | | 19.19 | | | | 0.22 | | | | 0.59 | | | | 0.81 | | | | (0.27 | ) | | | (1.24 | ) | | | (1.51 | ) | | | 18.49 | | | | 5.04 | | | | 2,025 | | | | 0.92 | | | | 0.92 | (17) | | | 1.27 | | | | 41 | |
Y | | | 19.24 | | | | 0.26 | | | | 0.58 | | | | 0.84 | | | | (0.29 | ) | | | (1.24 | ) | | | (1.53 | ) | | | 18.55 | | | | 5.14 | | | | 845 | | | | 0.81 | | | | 0.81 | | | | 1.46 | | | | 41 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 20.45 | | | $ | 0.21 | | | $ | (0.47 | ) | | $ | (0.26 | ) | | $ | (0.13 | ) | | $ | (1.40 | ) | | $ | (1.53 | ) | | $ | 18.66 | | | | (1.20 | )% | | $ | 207,339 | | | | 1.21 | % | | | 1.21 | % | | | 1.10 | % | | | 55 | % |
B | | | 18.22 | | | | 0.03 | | | | (0.40 | ) | | | (0.37 | ) | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 16.45 | | | | (1.94 | ) | | | 1,909 | | | | 2.28 | | | | 1.97 | | | | 0.19 | | | | 55 | |
C | | | 18.14 | | | | 0.06 | | | | (0.42 | ) | | | (0.36 | ) | | | (0.04 | ) | | | (1.40 | ) | | | (1.44 | ) | | | 16.34 | | | | (1.90 | ) | | | 26,763 | | | | 1.93 | | | | 1.93 | | | | 0.36 | | | | 55 | |
I | | | 20.25 | | | | 0.27 | | | | (0.45 | ) | | | (0.18 | ) | | | (0.20 | ) | | | (1.40 | ) | | | (1.60 | ) | | | 18.47 | | | | (0.78 | ) | | | 27,168 | | | | 0.88 | | | | 0.88 | | | | 1.41 | | | | 55 | |
R3 | | | 20.62 | | | | 0.15 | | | | (0.46 | ) | | | (0.31 | ) | | | (0.08 | ) | | | (1.40 | ) | | | (1.48 | ) | | | 18.83 | | | | (1.45 | ) | | | 3,657 | | | | 1.52 | | | | 1.49 | | | | 0.79 | | | | 55 | |
R4 | | | 20.82 | | | | 0.22 | | | | (0.47 | ) | | | (0.25 | ) | | | (0.14 | ) | | | (1.40 | ) | | | (1.54 | ) | | | 19.03 | | | | (1.11 | ) | | | 11,942 | | | | 1.19 | | | | 1.18 | | | | 1.11 | | | | 55 | |
R5 | | | 20.95 | | | | 0.28 | | | | (0.48 | ) | | | (0.20 | ) | | | (0.16 | ) | | | (1.40 | ) | | | (1.56 | ) | | | 19.19 | | | | (0.87 | ) | | | 2,487 | | | | 0.90 | | | | 0.88 | | | | 1.41 | | | | 55 | |
Y | | | 21.03 | | | | 0.30 | | | | (0.49 | ) | | | (0.19 | ) | | | (0.20 | ) | | | (1.40 | ) | | | (1.60 | ) | | | 19.24 | | | | (0.77 | ) | | | 1,618 | | | | 0.79 | | | | 0.79 | | | | 1.50 | | | | 55 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 18.31 | | | $ | 0.17 | | | $ | 2.05 | | | $ | 2.22 | | | $ | (0.08 | ) | | $ | — | | | $ | (0.08 | ) | | $ | 20.45 | | | | 12.18 | % | | $ | 237,539 | | | | 1.25 | % | | | 1.25 | % | | | 0.87 | % | | | 74 | %(18) |
B | | | 16.36 | | | | 0.03 | | | | 1.83 | | | | 1.86 | | | | — | | | | — | | | | — | | | | 18.22 | | | | 11.37 | | | | 3,928 | | | | 2.27 | | | | 1.97 | | | | 0.19 | | | | 74 | (18) |
C | | | 16.29 | | | | 0.02 | | | | 1.83 | | | | 1.85 | | | | — | | | | — | | | | — | | | | 18.14 | | | | 11.36 | | | | 31,729 | | | | 1.95 | | | | 1.95 | | | | 0.12 | | | | 74 | (18) |
I | | | 18.12 | | | | 0.23 | | | | 2.03 | | | | 2.26 | | | | (0.13 | ) | | | — | | | | (0.13 | ) | | | 20.25 | | | | 12.56 | | | | 44,306 | | | | 0.87 | | | | 0.87 | | | | 1.17 | | | | 74 | (18) |
R3 | | | 18.50 | | | | 0.13 | | | | 2.05 | | | | 2.18 | | | | (0.06 | ) | | | — | | | | (0.06 | ) | | | 20.62 | | | | 11.84 | | | | 4,528 | | | | 1.53 | | | | 1.47 | | | | 0.63 | | | | 74 | (18) |
R4 | | | 18.64 | | | | 0.18 | | | | 2.09 | | | | 2.27 | | | | (0.09 | ) | | | — | | | | (0.09 | ) | | | 20.82 | | | | 12.24 | | | | 13,626 | | | | 1.21 | | | | 1.17 | | | | 0.91 | | | | 74 | (18) |
R5 | | | 18.76 | | | | 0.24 | | | | 2.10 | | | | 2.34 | | | | (0.15 | ) | | | — | | | | (0.15 | ) | | | 20.95 | | | | 12.52 | | | | 2,735 | | | | 0.88 | | | | 0.85 | | | | 1.15 | | | | 74 | (18) |
Y | | | 18.82 | | | | 0.21 | | | | 2.16 | | | | 2.37 | | | | (0.16 | ) | | | — | | | | (0.16 | ) | | | 21.03 | | | | 12.64 | | | | 1,841 | | | | 0.83 | | | | 0.83 | | | | 1.07 | | | | 74 | (18) |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Small Cap Core Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 14.13 | | | $ | 0.04 | | | $ | 0.10 | | | $ | 0.14 | | | $ | (0.02 | ) | | $ | (0.60 | ) | | $ | (0.62 | ) | | $ | 13.65 | | | | 1.00 | % | | $ | 52,406 | | | | 1.35 | % | | | 1.29 | % | | | 0.28 | % | | | 68 | % |
C | | | 12.91 | | | | (0.06 | ) | | | 0.10 | | | | 0.04 | | | | — | | | | (0.60 | ) | | | (0.60 | ) | | | 12.35 | | | | 0.27 | | | | 6,444 | | | | 2.13 | | | | 2.04 | | | | (0.44 | ) | | | 68 | |
I | | | 14.15 | | | | 0.09 | | | | 0.10 | | | | 0.19 | | | | (0.06 | ) | | | (0.60 | ) | | | (0.66 | ) | | | 13.68 | | | | 1.33 | | | | 3,756 | | | | 1.02 | | | | 0.95 | | | | 0.62 | | | | 68 | |
R3 | | | 14.50 | | | | 0.03 | | | | 0.09 | | | | 0.12 | | | | — | | | | (0.60 | ) | | | (0.60 | ) | | | 14.02 | | | | 0.82 | | | | 529 | | | | 1.62 | | | | 1.43 | | | | 0.18 | | | | 68 | |
R4 | | | 14.61 | | | | 0.06 | | | | 0.10 | | | | 0.16 | | | | (0.01 | ) | | | (0.60 | ) | | | (0.61 | ) | | | 14.16 | | | | 1.07 | | | | 48 | | | | 1.32 | | | | 1.20 | | | | 0.41 | | | | 68 | |
R5 | | | 14.63 | | | | 0.10 | | | | 0.10 | | | | 0.20 | | | | (0.07 | ) | | | (0.60 | ) | | | (0.67 | ) | | | 14.16 | | | | 1.39 | | | | 36 | | | | 1.02 | | | | 0.90 | | | | 0.71 | | | | 68 | |
R6(16) | | | 13.99 | | | | 0.05 | | | | 0.11 | | | | 0.16 | | | | — | | | | — | | | | — | | | | 14.15 | | | | 1.14 | (6) | | | 10 | | | | 0.91 | (7) | | | 0.84 | (7) | | | 0.47 | (7) | | | 68 | |
Y | | | 14.66 | | | | 0.11 | | | | 0.10 | | | | 0.21 | | | | (0.12 | ) | | | (0.60 | ) | | | (0.72 | ) | | | 14.15 | | | | 1.42 | | | | 646 | | | | 0.96 | | | | 0.85 | | | | 0.74 | | | | 68 | |
F | | | 14.16 | | | | 0.11 | | | | 0.09 | | | | 0.20 | | | | (0.08 | ) | | | (0.60 | ) | | | (0.68 | ) | | | 13.68 | | | | 1.42 | | | | 38,087 | | | | 0.90 | | | | 0.84 | | | | 0.80 | | | | 68 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 11.56 | | | $ | 0.04 | | | $ | 2.63 | | | $ | 2.67 | | | $ | (0.10 | ) | | $ | — | | | $ | (0.10 | ) | | $ | 14.13 | | | | 23.19 | % | | $ | 53,057 | | | | 1.28 | % | | | 1.27 | % | | | 0.32 | % | | | 83 | % |
C | | | 10.58 | | | | (0.05 | ) | | | 2.40 | | | | 2.35 | | | | (0.02 | ) | | | — | | | | (0.02 | ) | | | 12.91 | | | | 22.24 | | | | 11,081 | | | | 2.03 | | | | 2.01 | | | | (0.41 | ) | | | 83 | |
I | | | 11.58 | | | | 0.08 | | | | 2.63 | | | | 2.71 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | | | 14.15 | | | | 23.53 | | | | 3,225 | | | | 1.01 | | | | 1.00 | | | | 0.60 | | | | 83 | |
R3 | | | 11.87 | | | | 0.01 | | | | 2.69 | | | | 2.70 | | | | (0.07 | ) | | | — | | | | (0.07 | ) | | | 14.50 | | | | 22.79 | | | | 723 | | | | 1.63 | | | | 1.50 | | | | 0.09 | | | | 83 | |
R4 | | | 11.94 | | | | 0.05 | | | | 2.70 | | | | 2.75 | | | | (0.08 | ) | | | — | | | | (0.08 | ) | | | 14.61 | | | | 23.11 | | | | 113 | | | | 1.36 | | | | 1.20 | | | | 0.36 | | | | 83 | |
R5 | | | 11.96 | | | | 0.10 | | | | 2.71 | | | | 2.81 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | | | 14.63 | | | | 23.63 | | | | 44 | | | | 1.01 | | | | 0.90 | | | | 0.74 | | | | 83 | |
Y | | | 12.00 | | | | 0.11 | | | | 2.71 | | | | 2.82 | | | | (0.16 | ) | | | — | | | | (0.16 | ) | | | 14.66 | | | | 23.58 | | | | 1,242 | | | | 0.86 | | | | 0.85 | | | | 0.78 | | | | 83 | |
F(5) | | | 13.22 | | | | 0.05 | | | | 0.89 | | | | 0.94 | | | | — | | | | — | | | | — | | | | 14.16 | | | | 7.11 | (6) | | | 86,675 | | | | 0.88 | (7) | | | 0.85 | (7) | | | 0.52 | (7) | | | 83 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 12.35 | | | $ | 0.10 | | | $ | (0.15 | )(19) | | $ | (0.05 | ) | | $ | (0.02 | ) | | $ | (0.72 | ) | | $ | (0.74 | ) | | $ | 11.56 | | | | (0.22 | )% | | $ | 46,270 | | | | 1.35 | % | | | 1.31 | %(20) | | | 0.85 | % | | | 94 | % |
B | | | 11.58 | | | | 0.01 | | | | (0.14 | )(19) | | | (0.13 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 10.73 | | | | (0.93 | ) | | | 798 | | | | 2.25 | | | | 2.06 | (20) | | | 0.10 | | | | 94 | |
C | | | 11.43 | | | | 0.01 | | | | (0.14 | )(19) | | | (0.13 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 10.58 | | | | (0.94 | ) | | | 10,410 | | | | 2.08 | | | | 2.06 | (20) | | | 0.11 | | | | 94 | |
I | | | 12.38 | | | | 0.13 | | | | (0.15 | )(19) | | | (0.02 | ) | | | (0.06 | ) | | | (0.72 | ) | | | (0.78 | ) | | | 11.58 | | | | 0.05 | | | | 2,582 | | | | 1.01 | | | | 1.00 | (20) | | | 1.17 | | | | 94 | |
R3 | | | 12.67 | | | | 0.08 | | | | (0.16 | )(19) | | | (0.08 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 11.87 | | | | (0.43 | ) | | | 734 | | | | 1.61 | | | | 1.51 | (20) | | | 0.65 | | | | 94 | |
R4 | | | 12.72 | | | | 0.11 | | | | (0.15 | )(19) | | | (0.04 | ) | | | (0.02 | ) | | | (0.72 | ) | | | (0.74 | ) | | | 11.94 | | | | (0.09 | ) | | | 267 | | | | 1.30 | | | | 1.21 | (20) | | | 0.96 | | | | 94 | |
R5 | | | 12.78 | | | | 0.13 | | | | (0.14 | )(19) | | | (0.01 | ) | | | (0.09 | ) | | | (0.72 | ) | | | (0.81 | ) | | | 11.96 | | | | 0.16 | | | | 44 | | | | 1.00 | | | | 0.91 | (20) | | | 1.08 | | | | 94 | |
Y | | | 12.77 | | | | 0.16 | | | | (0.15 | )(19) | | | 0.01 | | | | (0.06 | ) | | | (0.72 | ) | | | (0.78 | ) | | | 12.00 | | | | 0.31 | | | | 110,028 | | | | 0.88 | | | | 0.86 | (20) | | | 1.36 | | | | 94 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 13.89 | | | $ | 0.11 | | | $ | (0.28 | ) | | $ | (0.17 | ) | | $ | (0.08 | ) | | $ | (1.29 | ) | | $ | (1.37 | ) | | $ | 12.35 | | | | (1.17 | )% | | $ | 51,249 | | | | 1.40 | % | | | 1.29 | % | | | 0.85 | % | | | 112 | % |
B | | | 13.12 | | | | 0.01 | | | | (0.26 | ) | | | (0.25 | ) | | | — | | | | (1.29 | ) | | | (1.29 | ) | | | 11.58 | | | | (1.92 | ) | | | 1,792 | | | | 2.28 | | | | 2.05 | | | | 0.12 | | | | 112 | |
C | | | 12.96 | | | | 0.01 | | | | (0.25 | ) | | | (0.24 | ) | | | — | | | | (1.29 | ) | | | (1.29 | ) | | | 11.43 | | | | (1.86 | ) | | | 12,905 | | | | 2.14 | | | | 2.04 | | | | 0.10 | | | | 112 | |
I(11) | | | 13.40 | | | | 0.08 | | | | (1.10 | ) | | | (1.02 | ) | | | — | | | | — | | | | — | | | | 12.38 | | | | (7.61 | )(6) | | | 2,429 | | | | 1.12 | (7) | | | 0.99 | (7) | | | 1.01 | (7) | | | 112 | |
R3 | | | 14.21 | | | | 0.09 | | | | (0.28 | ) | | | (0.19 | ) | | | (0.06 | ) | | | (1.29 | ) | | | (1.35 | ) | | | 12.67 | | | | (1.29 | ) | | | 830 | | | | 1.70 | | | | 1.50 | | | | 0.64 | | | | 112 | |
R4 | | | 14.26 | | | | 0.13 | | | | (0.27 | ) | | | (0.14 | ) | | | (0.11 | ) | | | (1.29 | ) | | | (1.40 | ) | | | 12.72 | | | | (0.97 | ) | | | 608 | | | | 1.37 | | | | 1.20 | | | | 0.94 | | | | 112 | |
R5 | | | 14.32 | | | | 0.17 | | | | (0.29 | ) | | | (0.12 | ) | | | (0.13 | ) | | | (1.29 | ) | | | (1.42 | ) | | | 12.78 | | | | (0.75 | ) | | | 218 | | | | 1.06 | | | | 0.90 | | | | 1.23 | | | | 112 | |
Y | | | 14.31 | | | | 0.16 | | | | (0.27 | ) | | | (0.11 | ) | | | (0.14 | ) | | | (1.29 | ) | | | (1.43 | ) | | | 12.77 | | | | (0.71 | ) | | | 1,312 | | | | 0.96 | | | | 0.85 | | | | 1.23 | | | | 112 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 14.77 | | | $ | 0.10 | | | $ | 1.11 | | | $ | 1.21 | | | $ | (0.14 | ) | | $ | (1.95 | ) | | $ | (2.09 | ) | | $ | 13.89 | | | | 9.22 | % | | $ | 54,722 | | | | 1.41 | % | | | 1.30 | % | | | 0.75 | % | | | 116 | % |
B | | | 14.06 | | | | — | | | | 1.05 | | | | 1.05 | | | | (0.04 | ) | | | (1.95 | ) | | | (1.99 | ) | | | 13.12 | | | | 8.39 | | | | 3,119 | | | | 2.32 | | | | 2.05 | | | | 0.01 | | | | 116 | |
C | | | 13.94 | | | | — | | | | 1.03 | | | | 1.03 | | | | (0.06 | ) | | | (1.95 | ) | | | (2.01 | ) | | | 12.96 | | | | 8.39 | | | | 13,603 | | | | 2.16 | | | | 2.05 | | | | — | | | | 116 | |
R3 | | | 15.10 | | | | 0.07 | | | | 1.14 | | | | 1.21 | | | | (0.15 | ) | | | (1.95 | ) | | | (2.10 | ) | | | 14.21 | | | | 8.99 | | | | 587 | | | | 1.70 | | | | 1.50 | | | | 0.53 | | | | 116 | |
R4 | | | 15.10 | | | | 0.11 | | | | 1.14 | | | | 1.25 | | | | (0.14 | ) | | | (1.95 | ) | | | (2.09 | ) | | | 14.26 | | | | 9.31 | | | | 516 | | | | 1.37 | | | | 1.20 | | | | 0.81 | | | | 116 | |
R5 | | | 15.16 | | | | 0.16 | | | | 1.14 | | | | 1.30 | | | | (0.19 | ) | | | (1.95 | ) | | | (2.14 | ) | | | 14.32 | | | | 9.62 | | | | 204 | | | | 1.05 | | | | 0.90 | | | | 1.14 | | | | 116 | |
Y | | | 15.14 | | | | 0.17 | | | | 1.14 | | | | 1.31 | | | | (0.19 | ) | | | (1.95 | ) | | | (2.14 | ) | | | 14.31 | | | | 9.75 | | | | 247 | | | | 0.96 | | | | 0.85 | | | | 1.20 | | | | 116 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Small Cap Growth Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 57.24 | | | $ | (0.33 | ) | | $ | 1.03 | | | $ | 0.70 | | | $ | — | | | $ | (2.74 | ) | | $ | (2.74 | ) | | $ | 55.20 | | | | 1.20 | % | | $ | 203,297 | | | | 1.21 | % | | | 1.20 | % | | | (0.56 | )% | | | 66 | % |
C | | | 44.29 | | | | (0.55 | ) | | | 0.81 | | | | 0.26 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 41.81 | | | | 0.53 | | | | 23,212 | | | | 1.88 | | | | 1.88 | | | | (1.22 | ) | | | 66 | |
I | | | 58.97 | | | | (0.10 | ) | | | 1.04 | | | | 0.94 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 57.17 | | | | 1.59 | | | | 243,340 | | | | 0.82 | | | | 0.82 | | | | (0.16 | ) | | | 66 | |
R3 | | | 56.89 | | | | (0.48 | ) | | | 1.03 | | | | 0.55 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 54.70 | | | | 0.94 | | | | 13,210 | | | | 1.47 | | | | 1.47 | | | | (0.82 | ) | | | 66 | |
R4 | | | 58.98 | | | | (0.31 | ) | | | 1.06 | | | | 0.75 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 56.99 | | | | 1.26 | | | | 69,097 | | | | 1.15 | | | | 1.15 | | | | (0.50 | ) | | | 66 | |
R5 | | | 61.26 | | | | (0.12 | ) | | | 1.08 | | | | 0.96 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 59.48 | | | | 1.56 | | | | 94,887 | | | | 0.85 | | | | 0.85 | | | | (0.20 | ) | | | 66 | |
R6 | | | 61.87 | | | | (0.09 | ) | | | 1.12 | | | | 1.03 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 60.16 | | | | 1.66 | | | | 44,278 | | | | 0.75 | | | | 0.75 | | | | (0.14 | ) | | | 66 | |
Y | | | 61.93 | | | | (0.09 | ) | | | 1.10 | | | | 1.01 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 60.20 | | | | 1.63 | | | | 358,049 | | | | 0.79 | | | | 0.79 | | | | (0.14 | ) | | | 66 | |
F | | | 59.06 | | | | (0.06 | ) | | | 1.04 | | | | 0.98 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 57.30 | | | | 1.66 | | | | 47,999 | | | | 0.75 | | | | 0.75 | | | | (0.10 | ) | | | 66 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 44.55 | | | $ | (0.25 | ) | | $ | 13.25 | | | $ | 13.00 | | | $ | — | | | $ | (0.31 | ) | | $ | (0.31 | ) | | $ | 57.24 | | | | 29.28 | % | | $ | 215,743 | | | | 1.17 | % | | | 1.16 | % | | | (0.48 | )% | | | 56 | % |
C | | | 34.78 | | | | (0.48 | ) | | | 10.30 | | | | 9.82 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 44.29 | | | | 28.36 | | | | 36,531 | | | | 1.89 | | | | 1.88 | | | | (1.19 | ) | | | 56 | |
I | | | 45.79 | | | | (0.18 | ) | | | 13.67 | | | | 13.49 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 58.97 | | | | 29.56 | | | | 429,401 | | | | 1.03 | | | | 0.95 | | | | (0.33 | ) | | | 56 | |
R3 | | | 44.42 | | | | (0.41 | ) | | | 13.19 | | | | 12.78 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 56.89 | | | | 28.87 | | | | 14,427 | | | | 1.48 | | | | 1.48 | | | | (0.79 | ) | | | 56 | |
R4 | | | 45.90 | | | | (0.26 | ) | | | 13.65 | | | | 13.39 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 58.98 | | | | 29.27 | | | | 76,315 | | | | 1.16 | | | | 1.16 | | | | (0.48 | ) | | | 56 | |
R5 | | | 47.52 | | | | (0.10 | ) | | | 14.15 | | | | 14.05 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.26 | | | | 29.67 | | | | 118,794 | | | | 0.86 | | | | 0.86 | | | | (0.17 | ) | | | 56 | |
R6 | | | 47.94 | | | | (0.06 | ) | | | 14.30 | | | | 14.24 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.87 | | | | 29.80 | | | | 10,596 | | | | 0.76 | | | | 0.76 | | | | (0.11 | ) | | | 56 | |
Y | | | 48.00 | | | | (0.05 | ) | | | 14.29 | | | | 14.24 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.93 | | | | 29.76 | | | | 370,006 | | | | 0.78 | | | | 0.78 | | | | (0.09 | ) | | | 56 | |
F(5) | | | 52.62 | | | | (0.09 | ) | | | 6.53 | | | | 6.44 | | | | — | | | | — | | | | — | | | | 59.06 | | | | 12.24 | (6) | | | 47,409 | | | | 0.75 | (7) | | | 0.75 | (7) | | | (0.24 | )(7) | | | 56 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 48.56 | | | $ | (0.19 | ) | | $ | 0.11 | (19) | | $ | (0.08 | ) | | $ | — | | | $ | (3.93 | ) | | $ | (3.93 | ) | | $ | 44.55 | | | | 0.02 | % | | $ | 197,738 | | | | 1.25 | % | | | 1.25 | % | | | (0.44 | )% | | | 45 | % |
B | | | 39.35 | | | | (0.43 | ) | | | 0.05 | (19) | | | (0.38 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 35.04 | | | | (0.84 | ) | | | 606 | | | | 2.35 | | | | 2.09 | | | | (1.23 | ) | | | 45 | |
C | | | 39.03 | | | | (0.39 | ) | | | 0.07 | (19) | | | (0.32 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 34.78 | | | | (0.65 | ) | | | 37,807 | | | | 1.94 | | | | 1.94 | | | | (1.13 | ) | | | 45 | |
I | | | 49.68 | | | | (0.07 | ) | | | 0.11 | (19) | | | 0.04 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 45.79 | | | | 0.28 | | | | 137,606 | | | | 0.99 | | | | 0.99 | | | | (0.16 | ) | | | 45 | |
R3 | | | 48.54 | | | | (0.30 | ) | | | 0.11 | (19) | | | (0.19 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 44.42 | | | | (0.24 | ) | | | 12,708 | | | | 1.51 | | | | 1.51 | | | | (0.70 | ) | | | 45 | |
R4 | | | 49.87 | | | | (0.18 | ) | | | 0.14 | (19) | | | (0.04 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 45.90 | | | | 0.09 | | | | 66,273 | | | | 1.19 | | | | 1.19 | | | | (0.39 | ) | | | 45 | |
R5 | | | 51.35 | | | | (0.04 | ) | | | 0.14 | (19) | | | 0.10 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 47.52 | | | | 0.40 | | | | 102,166 | | | | 0.89 | | | | 0.89 | | | | (0.09 | ) | | | 45 | |
R6 | | | 51.73 | | | | (0.04 | ) | | | 0.18 | (19) | | | 0.14 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 47.94 | | | | 0.46 | | | | 4,072 | | | | 0.79 | | | | 0.79 | | | | (0.09 | ) | | | 45 | |
Y | | | 51.78 | | | | 0.01 | | | | 0.14 | (19) | | | 0.15 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 48.00 | | | | 0.50 | | | | 290,401 | | | | 0.79 | | | | 0.79 | | | | 0.01 | | | | 45 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 48.63 | | | $ | (0.20 | ) | | $ | 2.25 | | | $ | 2.05 | | | $ | — | | | $ | (2.12 | ) | | $ | (2.12 | ) | | $ | 48.56 | | | | 4.37 | % | | $ | 243,999 | | | | 1.21 | % | | | 1.21 | % | | | (0.40 | )% | | | 70 | % |
B | | | 40.12 | | | | (0.48 | ) | | | 1.83 | | | | 1.35 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 39.35 | | | | 3.54 | | | | 1,500 | | | | 2.20 | | | | 2.03 | | | | (1.18 | ) | | | 70 | |
C | | | 39.77 | | | | (0.45 | ) | | | 1.83 | | | | 1.38 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 39.03 | | | | 3.62 | | | | 49,549 | | | | 1.91 | | | | 1.91 | | | | (1.11 | ) | | | 70 | |
I | | | 49.55 | | | | (0.06 | ) | | | 2.31 | | | | 2.25 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 49.68 | | | | 4.70 | | | | 209,184 | | | | 0.92 | | | | 0.92 | | | | (0.13 | ) | | | 70 | |
R3 | | | 48.74 | | | | (0.36 | ) | | | 2.28 | | | | 1.92 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 48.54 | | | | 4.10 | | | | 16,184 | | | | 1.48 | | | | 1.48 | | | | (0.70 | ) | | | 70 | |
R4 | | | 49.86 | | | | (0.20 | ) | | | 2.33 | | | | 2.13 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 49.87 | | | | 4.44 | | | | 74,037 | | | | 1.17 | | | | 1.17 | | | | (0.38 | ) | | | 70 | |
R5 | | | 51.13 | | | | (0.05 | ) | | | 2.39 | | | | 2.34 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 51.35 | | | | 4.74 | | | | 115,719 | | | | 0.87 | | | | 0.87 | | | | (0.10 | ) | | | 70 | |
R6(9) | | | 51.80 | | | | (0.02 | ) | | | 2.07 | | | | 2.05 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 51.73 | | | | 4.13 | (6) | | | 14 | | | | 0.87 | (7) | | | 0.87 | (7) | | | (0.05 | )(7) | | | 70 | |
Y | | | 51.49 | | | | 0.01 | | | | 2.40 | | | | 2.41 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | | | 51.78 | | | | 4.84 | | | | 314,145 | | | | 0.77 | | | | 0.77 | | | | 0.02 | | | | 70 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 47.96 | | | $ | (0.26 | ) | | $ | 4.36 | | | $ | 4.10 | | | $ | — | | | $ | (3.43 | ) | | $ | (3.43 | ) | | $ | 48.63 | | | | 9.02 | % | | $ | 239,697 | | | | 1.28 | % | | | 1.28 | % | | | (0.55 | )% | | | 61 | % |
B | | | 40.45 | | | | (0.54 | ) | | | 3.64 | | | | 3.10 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 40.12 | | | | 8.16 | | | | 2,695 | | | | 2.26 | | | | 2.11 | | | | (1.36 | ) | | | 61 | |
C | | | 40.08 | | | | (0.49 | ) | | | 3.61 | | | | 3.12 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 39.77 | | | | 8.30 | | | | 44,184 | | | | 1.97 | | | | 1.97 | | | | (1.24 | ) | | | 61 | |
I | | | 48.67 | | | | (0.12 | ) | | | 4.43 | | | | 4.31 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 49.55 | | | | 9.34 | | | | 114,450 | | | | 0.97 | | | | 0.97 | | | | (0.25 | ) | | | 61 | |
R3 | | | 48.17 | | | | (0.38 | ) | | | 4.38 | | | | 4.00 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 48.74 | | | | 8.76 | | | | 8,744 | | | | 1.53 | | | | 1.53 | | | | (0.81 | ) | | | 61 | |
R4 | | | 49.06 | | | | (0.25 | ) | | | 4.48 | | | | 4.23 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 49.86 | | | | 9.09 | | | | 47,028 | | | | 1.22 | | | | 1.22 | | | | (0.52 | ) | | | 61 | |
R5 | | | 50.07 | | | | (0.11 | ) | | | 4.60 | | | | 4.49 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 51.13 | | | | 9.45 | | | | 39,856 | | | | 0.91 | | | | 0.91 | | | | (0.22 | ) | | | 61 | |
Y | | | 50.36 | | | | (0.05 | ) | | | 4.61 | | | | 4.56 | | | | — | | | | (3.43 | ) | | | (3.43 | ) | | | 51.49 | | | | 9.54 | | | | 213,384 | | | | 0.81 | | | | 0.81 | | | | (0.10 | ) | | | 61 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| The Hartford Small Company Fund | |
For the Year Ended October 31, 2018 | |
A | | $ | 20.34 | | | $ | (0.20 | ) | | $ | 2.06 | | | $ | 1.86 | | | $ | — | | | $ | — | | | $ | — | | | $ | 22.20 | | | | 9.20 | % | | $ | 283,912 | | | | 1.34 | % | | | 1.33 | % | | | (0.87 | )% | | | 104 | % |
C | | | 14.87 | | | | (0.27 | ) | | | 1.51 | | | | 1.24 | | | | — | | | | — | | | | — | | | | 16.11 | | | | 8.34 | | | | 11,729 | | | | 2.12 | | | | 2.10 | | | | (1.64 | ) | | | 104 | |
I | | | 21.27 | | | | (0.14 | ) | | | 2.15 | | | | 2.01 | | | | — | | | | — | | | | — | | | | 23.28 | | | | 9.45 | | | | 28,540 | | | | 1.07 | | | | 1.05 | | | | (0.60 | ) | | | 104 | |
R3 | | | 21.98 | | | | (0.27 | ) | | | 2.24 | | | | 1.97 | | | | — | | | | — | | | | — | | | | 23.95 | | | | 8.92 | | | | 16,386 | | | | 1.63 | | | | 1.55 | | | | (1.09 | ) | | | 104 | |
R4 | | | 23.14 | | | | (0.20 | ) | | | 2.34 | | | | 2.14 | | | | — | | | | — | | | | — | | | | 25.28 | | | | 9.25 | | | | 15,295 | | | | 1.32 | | | | 1.25 | | | | (0.79 | ) | | | 104 | |
R5 | | | 24.21 | | | | (0.14 | ) | | | 2.46 | | | | 2.32 | | | | — | | | | — | | | | — | | | | 26.53 | | | | 9.58 | | | | 2,678 | | | | 1.03 | | | | 0.95 | | | | (0.51 | ) | | | 104 | |
R6 | | | 24.64 | | | | (0.12 | ) | | | 2.50 | | | | 2.38 | | | | — | | | | — | | | | — | | | | 27.02 | | | | 9.66 | | | | 144 | | | | 0.91 | | | | 0.90 | | | | (0.42 | ) | | | 104 | |
Y | | | 24.64 | | | | (0.12 | ) | | | 2.49 | | | | 2.37 | | | | — | | | | — | | | | — | | | | 27.01 | | | | 9.66 | | | | 35,351 | | | | 0.92 | | | | 0.90 | | | | (0.44 | ) | | | 104 | |
F | | | 21.30 | | | | (0.11 | ) | | | 2.16 | | | | 2.05 | | | | — | | | | — | | | | — | | | | 23.35 | | | | 9.63 | | | | 115,365 | | | | 0.91 | | | | 0.90 | | | | (0.45 | ) | | | 104 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 15.74 | | | $ | (0.12 | ) | | $ | 4.72 | | | $ | 4.60 | | | $ | — | | | $ | — | | | $ | — | | | $ | 20.34 | | | | 29.16 | % | | $ | 252,187 | | | | 1.39 | % | | | 1.37 | % | | | (0.64 | )% | | | 109 | % |
C | | | 11.60 | | | | (0.19 | ) | | | 3.46 | | | | 3.27 | | | | — | | | | — | | | | — | | | | 14.87 | | | | 28.19 | | | | 26,529 | | | | 2.12 | | | | 2.10 | | | | (1.40 | ) | | | 109 | |
I | | | 16.43 | | | | (0.10 | ) | | | 4.94 | | | | 4.84 | | | | — | | | | — | | | | — | | | | 21.27 | | | | 29.40 | | | | 28,052 | | | | 1.49 | | | | 1.15 | | | | (0.51 | ) | | | 109 | |
R3 | | | 17.05 | | | | (0.17 | ) | | | 5.10 | | | | 4.93 | | | | — | | | | — | | | | — | | | | 21.98 | | | | 28.91 | | | | 23,932 | | | | 1.63 | | | | 1.55 | | | | (0.84 | ) | | | 109 | |
R4 | | | 17.89 | | | | (0.11 | ) | | | 5.36 | | | | 5.25 | | | | — | | | | — | | | | — | | | | 23.14 | | | | 29.29 | | | | 23,080 | | | | 1.32 | | | | 1.25 | | | | (0.53 | ) | | | 109 | |
R5 | | | 18.67 | | | | (0.04 | ) | | | 5.58 | | | | 5.54 | | | | — | | | | — | | | | — | | | | 24.21 | | | | 29.67 | | | | 3,263 | | | | 1.06 | | | | 0.95 | | | | (0.20 | ) | | | 109 | |
R6 | | | 18.99 | | | | (0.09 | ) | | | 5.74 | | | | 5.65 | | | | — | | | | — | | | | — | | | | 24.64 | | | | 29.75 | | | | 78 | | | | 1.07 | | | | 0.90 | | | | (0.38 | ) | | | 109 | |
Y | | | 18.99 | | | | (0.02 | ) | | | 5.67 | | | | 5.65 | | | | — | | | | — | | | | — | | | | 24.64 | | | | 29.70 | | | | 33,040 | | | | 0.94 | | | | 0.90 | | | | (0.08 | ) | | | 109 | |
F(5) | | | 18.76 | | | | (0.05 | ) | | | 2.59 | | | | 2.54 | | | | — | | | | — | | | | — | | | | 21.30 | | | | 13.49 | (6) | | | 81,831 | | | | 0.92 | (7) | | | 0.90 | (7) | | | (0.38 | )(7) | | | 109 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 19.36 | | | $ | (0.14 | ) | | $ | (0.90 | ) | | $ | (1.04 | ) | | $ | — | | | $ | (2.58 | ) | | $ | (2.58 | ) | | $ | 15.74 | | | | (5.73 | )% | | $ | 262,618 | | | | 1.45 | % | | | 1.43 | %(21) | | | (0.87 | )% | | | 81 | % |
B | | | 15.08 | | | | (0.19 | ) | | | (0.69 | ) | | | (0.88 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 11.62 | | | | (6.40 | ) | | | 862 | | | | 2.46 | | | | 2.17 | (21) | | | (1.59 | ) | | | 81 | |
C | | | 15.06 | | | | (0.19 | ) | | | (0.69 | ) | | | (0.88 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 11.60 | | | | (6.41 | ) | | | 25,586 | | | | 2.14 | | | | 2.14 | (21) | | | (1.58 | ) | | | 81 | |
I | | | 20.04 | | | | (0.10 | ) | | | (0.93 | ) | | | (1.03 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 16.43 | | | | (5.45 | ) | | | 41,881 | | | | 1.24 | | | | 1.18 | (21) | | | (0.61 | ) | | | 81 | |
R3 | | | 20.77 | | | | (0.18 | ) | | | (0.96 | ) | | | (1.14 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 17.05 | | | | (5.83 | ) | | | 29,662 | | | | 1.62 | | | | 1.58 | (21) | | | (1.02 | ) | | | 81 | |
R4 | | | 21.61 | | | | (0.13 | ) | | | (1.01 | ) | | | (1.14 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 17.89 | | | | (5.58 | ) | | | 27,834 | | | | 1.31 | | | | 1.28 | (21) | | | (0.71 | ) | | | 81 | |
R5 | | | 22.37 | | | | (0.07 | ) | | | (1.05 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.67 | | | | (5.27 | ) | | | 5,283 | | | | 1.00 | | | | 0.97 | (21) | | | (0.37 | ) | | | 81 | |
R6 | | | 22.69 | | | | (0.06 | ) | | | (1.06 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.99 | | | | (5.18 | ) | | | 9 | | | | 0.90 | | | | 0.90 | (21) | | | (0.34 | ) | | | 81 | |
Y | | | 22.69 | | | | (0.06 | ) | | | (1.06 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.99 | | | | (5.18 | ) | | | 98,620 | | | | 0.90 | | | | 0.90 | (21) | | | (0.33 | ) | | | 81 | |
|
For the Year Ended October 31, 2015 | |
A | | $ | 24.83 | | | $ | (0.17 | ) | | $ | (1.21 | ) | | $ | (1.38 | ) | | $ | — | | | $ | (4.09 | ) | | $ | (4.09 | ) | | $ | 19.36 | | | | (6.22 | )% | | $ | 327,509 | | | | 1.34 | % | | | 1.34 | % | | | (0.77 | )% | | | 96 | % |
B | | | 20.40 | | | | (0.27 | ) | | | (0.96 | ) | | | (1.23 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 15.08 | | | | (6.98 | ) | | | 2,531 | | | | 2.30 | | | | 2.13 | | | | (1.56 | ) | | | 96 | |
C | | | 20.36 | | | | (0.25 | ) | | | (0.96 | ) | | | (1.21 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 15.06 | | | | (6.87 | ) | | | 35,455 | | | | 2.04 | | | | 2.04 | | | | (1.47 | ) | | | 96 | |
I | | | 25.51 | | | | (0.12 | ) | | | (1.26 | ) | | | (1.38 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 20.04 | | | | (6.03 | ) | | | 69,569 | | | | 1.11 | | | | 1.11 | | | | (0.55 | ) | | | 96 | |
R3 | | | 26.39 | | | | (0.23 | ) | | | (1.30 | ) | | | (1.53 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 20.77 | | | | (6.46 | ) | | | 35,865 | | | | 1.54 | | | | 1.54 | | | | (0.98 | ) | | | 96 | |
R4 | | | 27.21 | | | | (0.17 | ) | | | (1.34 | ) | | | (1.51 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 21.61 | | | | (6.15 | ) | | | 41,922 | | | | 1.24 | | | | 1.24 | | | | (0.68 | ) | | | 96 | |
R5 | | | 27.95 | | | | (0.09 | ) | | | (1.40 | ) | | | (1.49 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 22.37 | | | | (5.88 | ) | | | 30,053 | | | | 0.97 | | | | 0.95 | | | | (0.35 | ) | | | 96 | |
R6(9) | | | 28.20 | | | | (0.08 | ) | | | (1.34 | ) | | | (1.42 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 22.69 | | | | (5.56 | )(6) | | | 9 | | | | 0.91 | (7) | | | 0.90 | (7) | | | (0.32 | )(7) | | | 96 | |
Y | | | 28.27 | | | | (0.07 | ) | | | (1.42 | ) | | | (1.49 | ) | | | — | | | | (4.09 | ) | | | (4.09 | ) | | | 22.69 | | | | (5.80 | ) | | | 279,594 | | | | 0.85 | | | | 0.85 | | | | (0.28 | ) | | | 96 | |
|
For the Year Ended October 31, 2014 | |
A | | $ | 24.58 | | | $ | (0.24 | ) | | $ | 3.26 | | | $ | 3.02 | | | $ | — | | | $ | (2.77 | ) | | $ | (2.77 | ) | | $ | 24.83 | | | | 13.49 | % | | $ | 355,056 | | | | 1.34 | % | | | 1.34 | % | | | (1.01 | )% | | | 92 | % |
B | | | 20.82 | | | | (0.36 | ) | | | 2.71 | | | | 2.35 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 20.40 | | | | 12.61 | | | | 4,730 | | | | 2.29 | | | | 2.15 | | | | (1.80 | ) | | | 92 | |
C | | | 20.77 | | | | (0.34 | ) | | | 2.70 | | | | 2.36 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 20.36 | | | | 12.70 | | | | 38,351 | | | | 2.05 | | | | 2.05 | | | | (1.71 | ) | | | 92 | |
I | | | 25.12 | | | | (0.19 | ) | | | 3.35 | | | | 3.16 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 25.51 | | | | 13.78 | | | | 60,425 | | | | 1.10 | | | | 1.10 | | | | (0.77 | ) | | | 92 | |
R3 | | | 26.00 | | | | (0.31 | ) | | | 3.47 | | | | 3.16 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 26.39 | | | | 13.27 | | | | 60,124 | | | | 1.55 | | | | 1.55 | | | | (1.21 | ) | | | 92 | |
R4 | | | 26.65 | | | | (0.24 | ) | | | 3.57 | | | | 3.33 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 27.21 | | | | 13.62 | | | | 66,353 | | | | 1.25 | | | | 1.25 | | | | (0.91 | ) | | | 92 | |
R5 | | | 27.23 | | | | (0.16 | ) | | | 3.65 | | | | 3.49 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 27.95 | | | | 13.95 | | | | 7,585 | | | | 0.97 | | | | 0.95 | | | | (0.61 | ) | | | 92 | |
Y | | | 27.48 | | | | (0.14 | ) | | | 3.70 | | | | 3.56 | | | | — | | | | (2.77 | ) | | | (2.77 | ) | | | 28.27 | | | | 14.08 | | | | 337,933 | | | | 0.85 | | | | 0.85 | | | | (0.51 | ) | | | 92 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| (1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
| (2) | Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account. |
| (3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
| (4) | Includes interest expense representing less than 0.005%. |
| (5) | Commenced operations on February 28, 2017. |
| (8) | Excluding the expenses not subject to cap, the ratios would have been 1.09%, 1.98%, 1.81%, 0.79%, 1.40%, 1.10%, 0.80%, 0.70% and 0.70% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (9) | Commenced operations on November 7, 2014. |
| (10) | Excluding the expenses not subject to cap, the ratios would have been 0.79%, 1.54%, 1.54%, 0.54%, 1.09%, 0.79%, 0.49%, 0.42% and 0.42% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (11) | Commenced operations on March 31, 2015. |
| (12) | Excluding the expenses not subject to cap, the ratios would have been 1.02%, 1.95%, 1.76%, 0.82%, 1.35%, 1.05%, 0.75%, 0.65% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (13) | Excluding the expenses not subject to cap, the ratios would have been 1.12%, 2.04%, 1.87%, 0.91%, 1.45%, 1.15%, 0.85%, 0.75% and 0.76% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (14) | During the year ended October 31, 2014, the Fund incurred $415.5 million in sales of securities held associated with the transition of assets from The Hartford Growth Fund, which merged into the Fund on April 7, 2014. These sales are excluded from the portfolio turnover rate calculation. |
| (15) | Excluding the expenses not subject to cap, the ratios would have been 1.28%, 2.10%, 2.00%, 1.04%, 1.54%, 1.23%, 0.93% and 0.83% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (16) | Commenced operations on February 28, 2018. |
| (17) | Excluding the expenses not subject to cap, the ratios would have been 1.23%, 2.09%, 1.95%, 0.90%, 1.52%, 1.20%, 0.90% and 0.79% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (18) | During the year ended October 31, 2014, the Fund incurred $121.7 million in sales of securities held associated with the transition of assets from The Hartford Value Fund, which merged into the Fund on April 7, 2014. These sales are excluded from the portfolio turnover rate calculation. |
| (19) | Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares. |
| (20) | Excluding the expenses not subject to cap, the ratios would have been 1.30%, 2.05%, 2.05%, 0.99%, 1.50%, 1.20%, 0.90% and 0.85% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (21) | Excluding the expenses not subject to cap, the ratios would have been 1.40%, 2.15%, 2.11%, 1.15%, 1.55%, 1.25%, 0.95%, 0.88% and 0.88% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements
October 31, 2018
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each, a “Company” and collectively, the “Companies”) are each an open-end registered management investment company comprised of forty and eleven series, respectively, as of October 31, 2018. Financial statements for the series of each Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.
The Hartford Mutual Funds, Inc.:
The Hartford Capital Appreciation Fund (the “Capital Appreciation Fund”)
Hartford Core Equity Fund (the “Core Equity Fund”)
The Hartford Dividend and Growth Fund (the “Dividend and Growth Fund”)
The Hartford Equity Income Fund (the “Equity Income Fund”)
The Hartford Healthcare Fund (the “Healthcare Fund”)
The Hartford MidCap Fund (the “MidCap Fund”)
The Hartford MidCap Value Fund (the “MidCap Value Fund”)
Hartford Small Cap Core Fund (the “Small Cap Core Fund”)
The Hartford Small Company Fund (the “Small Company Fund”)
The Hartford Mutual Funds II, Inc.:
The Hartford Growth Opportunities Fund (the “Growth Opportunities Fund”)
Hartford Quality Value Fund (the “Quality Value Fund”) (formerly, The Hartford Value Opportunities Fund)
The Hartford Small Cap Growth Fund (the “Small Cap Growth Fund”)
The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. Each Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.
Each Fund has registered for sale Class A, Class T, Class C, Class I, Class R3, Class R4, Class R5, Class Y and Class F shares. As of October 31, 2018, Class T shares have not commenced operations. Each Fund, except the Healthcare Fund and the MidCap Value Fund, has registered for sale Class R6 shares. Class A shares are sold with a front-end sales charge of up to 5.50%. Class T shares of each Fund have a front-end sales charge of up to 2.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge. The Small Cap Growth Fund is closed to new investors until further notice, subject to certain exceptions. For more information, please see the Fund’s prospectus.
| 2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| | a) | Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| | b) | Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions. |
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 the Directors of each Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund.
Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost 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 derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.
Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.
Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| | • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| | • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
| | • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser, as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.
Level 3 Holdings on October 31, 2018
Quantitative Information about Level 3 Fair Value Measurements:
| | | | | | | | | | |
| Capital Appreciation Fund | |
Security Type / Valuation Technique* | | Unobservable Input | | Input Value(s) Range | | | Fair Value at
October 31, 2018 | |
Common Stock | | | | | | | | | | |
Model | | Price/Earnings | | | 19.5x | | | $ | 575,934 | |
Model | | EV/Revenue | | | 2.1x to 4.0x | | | | 19,154,717 | |
Model | | EV/EBITDA | | | 9.6x | | | | 8,004,647 | |
Cost | | Trade Price | | | $2.55 to $62.42 | | | | 23,240,280 | |
| | | |
Escrows | | | | | | | | | | |
Cost | | Trade Price | | | $0.00 to $2.25 | | | | 85,346 | |
| | | |
Preferred Stock | | | | | | | | | | |
Model | | EV/Revenue | | | 1.4x to 8.0x | | | | 36,669,779 | |
| | | | | 8.4x | | | | 682,780 | |
Model | | EV/Gross Profit | | | 5.67x | | | | 1,893,387 | |
Cost | | Trade Price | | | $10.00 to $62.42 | | | | 146,024,677 | |
| | | |
Convertible Preferred Stock | | | | | | | | | | |
Model | | EV/Revenue | | | 2.21x | | | | 857,565 | |
| | | | | | | | | | |
Total | | | | | | | | $ | 237,189,112 | |
| | | | | | | | | | |
|
| Growth Opportunities Fund | |
Security Type / Valuation Technique* | | Unobservable Input | | Input Value(s) Range | | | Fair Value at
October 31, 2018 | |
Common Stock | | | | | | | | | | |
Model | | Price/Earnings | | | 19.5x | | | $ | 7,949,654 | |
Model | | EV/Revenue | | | 2.1x to 3.65x | | | | 6,028,410 | |
Model | | EV/EBITDA | | | 9.6x | | | | 4,341,856 | |
Cost | | Trade Price | | | $2.55 to $62.42 | | | | 33,990,741 | |
| | | |
Escrows | | | | | | | | | | |
Cost | | Trade Price | | | $0.00 to $2.25 | | | | 892,602 | |
| | | |
Preferred Stock | | | | | | | | | | |
Model | | EV/Revenue | | | 1.4x to 5.7x | | | | 34,795,496 | |
Model | | EV/EBITDA | | | 8.4x | | | | 6,830,850 | |
Model | | EV/Gross Profit | | | 5.67x | | | | 18,713,421 | |
Cost | | Trade Price | | | $30.00 to $62.42 | | | | 138,057,794 | |
| | | |
Convertible Preferred Stock | | | | | | | | | | |
Model | | EV/Revenue | | | 2.21x | | | | 8,324,179 | |
| | | | | | | | | | |
Total | | | | | | | | $ | 259,925,003 | |
| | | | | | | | | | |
| | * | The Valuation Committee may consider applying appropriate valuation methodologies, which may include, but are not limited to: valuation through use of a “proxy” investment or index, discount from market value of a similar freely traded investment, a discount or premium which may consider market or regulatory sentiment (or other subjective determinations, inputs or factors not otherwise quantifiable), and any other appropriate method. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts, inflation adjustments and additional principal received in-kind in lieu of cash, is accrued on a daily basis.
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) | Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net realized gain on investments in these securities, if applicable. |
| | e) | Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. |
A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.
| | f) | Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
| | g) | Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund. |
Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Fund is not open for business, are priced at the next determined NAV.
Dividends are declared pursuant to a policy adopted by the respective Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each Fund, except Dividend and Growth Fund and Equity Income Fund, is to pay dividends from net investment income and realized gains, if any, at least once a year. The policy of Dividend and Growth Fund and Equity Income Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.
Income dividends and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts notes).
| | h) | Disclosure Update and Simplification – Per the SEC Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within a Fund’s Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
Below is the characterization of the Fund distributions for the year ended October 31, 2017 as previously disclosed in the Statement of Changes in Net Assets within the October 31, 2017 Annual Report:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Distributions to Shareholders Year Ended October 31, 2017 | |
| | | From net investment income | |
Fund | | Class A | | | Class B | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | | | Total | |
Capital Appreciation Fund | | $ | (18,554,633 | ) | | $ | — | | | $ | — | | | $ | (8,757,228 | ) | | $ | (35,341 | ) | | $ | (166,664 | ) | | $ | (296,900 | ) | | $ | (420,762 | ) | | $ | (6,768,545 | ) | | $ | — | | | $ | (35,000,073 | ) |
Core Equity Fund | | | (3,527,518 | ) | | | — | | | | (235,322 | ) | | | (6,401,540 | ) | | | (165,124 | ) | | | (849,831 | ) | | | (990,163 | ) | | | (366,134 | ) | | | (2,413,822 | ) | | | — | | | | (14,949,454 | ) |
Dividend and Growth Fund | | | (53,680,402 | ) | | | (38,321 | ) | | | (3,668,554 | ) | | | (29,614,949 | ) | | | (880,994 | ) | | | (2,029,112 | ) | | | (2,074,751 | ) | | | (91,181 | ) | | | (19,585,547 | ) | | | (14,230,080 | ) | | | (125,893,891 | ) |
Equity Income Fund | | | (28,164,442 | ) | | | (44,441 | ) | | | (4,324,510 | ) | | | (22,637,647 | ) | | | (743,081 | ) | | | (1,319,227 | ) | | | (1,412,247 | ) | | | (454,428 | ) | | | (5,652,098 | ) | | | (4,370,699 | ) | | | (69,122,820 | ) |
Growth Opportunities Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Healthcare Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
MidCap Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
MidCap Value Fund | | | (40,847 | ) | | | — | | | | — | | | | (389,629 | ) | | | — | | | | (3,233 | ) | | | (34,448 | ) | | | — | | | | (323,233 | ) | | | — | | | | (791,390 | ) |
Quality Value Fund | | | (1,408,024 | ) | | | — | | | | (44,777 | ) | | | (246,529 | ) | | | (11,182 | ) | | | (66,121 | ) | | | (20,935 | ) | | | — | | | | (10,432 | ) | | | — | | | | (1,808,000 | ) |
Small Cap Core Fund | | | (418,020 | ) | | | — | | | | (21,501 | ) | | | (35,368 | ) | | | (4,536 | ) | | | (1,224 | ) | | | (538 | ) | | | — | | | | (1,227,713 | ) | | | — | | | | (1,708,900 | ) |
Small Cap Growth Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Small Company Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| |
| | | From net realized gain on investments | |
Fund | | Class A | | | Class B | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | | | Total | |
Capital Appreciation Fund | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Core Equity Fund | | | (5,505,410 | ) | | | (6,015 | ) | | | (2,521,878 | ) | | | (6,453,928 | ) | | | (317,464 | ) | | | (1,152,776 | ) | | | (983,894 | ) | | | (310,597 | ) | | | (2,232,681 | ) | | | — | | | | (19,484,643 | ) |
Dividend and Growth Fund | | | (113,791,717 | ) | | | (614,270 | ) | | | (14,797,009 | ) | | | (59,660,201 | ) | | | (2,521,370 | ) | | | (4,411,249 | ) | | | (3,430,344 | ) | | | (99,463 | ) | | | (46,293,833 | ) | | | — | | | | (245,619,456 | ) |
Equity Income Fund | | | (53,965,806 | ) | | | (210,931 | ) | | | (14,894,522 | ) | | | (34,072,574 | ) | | | (1,833,700 | ) | | | (2,505,878 | ) | | | (2,278,275 | ) | | | (480,971 | ) | | | (12,244,468 | ) | | | — | | | | (122,487,125 | ) |
Growth Opportunities Fund | | | (63,089,307 | ) | | | (198,896 | ) | | | (21,586,491 | ) | | | (60,579,338 | ) | | | (1,730,026 | ) | | | (2,508,474 | ) | | | (290,570 | ) | | | (44,153 | ) | | | (8,011,998 | ) | | | — | | | | (158,039,253 | ) |
Healthcare Fund | | | (69,929,000 | ) | | | (212,371 | ) | | | (27,701,127 | ) | | | (19,440,293 | ) | | | (4,038,027 | ) | | | (3,354,329 | ) | | | (447,294 | ) | | | — | | | | (4,374,439 | ) | | | — | | | | (129,496,880 | ) |
MidCap Fund | | | (64,829,511 | ) | | | (713,743 | ) | | | (25,554,276 | ) | | | (63,591,553 | ) | | | (2,100,323 | ) | | | (4,670,316 | ) | | | (5,615,946 | ) | | | (763,492 | ) | | | (41,187,648 | ) | | | — | | | | (209,026,808 | ) |
MidCap Value Fund | | | (17,858,964 | ) | | | (52,454 | ) | | | (3,017,301 | ) | | | (7,495,690 | ) | | | (766,406 | ) | | | (865,144 | ) | | | (677,060 | ) | | | — | | | | (5,047,633 | ) | | | — | | | | (35,780,652 | ) |
Quality Value Fund | | | (1,476,132 | ) | | | (5,882 | ) | | | (204,689 | ) | | | (167,555 | ) | | | (20,360 | ) | | | (69,171 | ) | | | (15,279 | ) | | | — | | | | (6,912 | ) | | | — | | | | (1,965,980 | ) |
Small Cap Core Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Small Cap Growth Fund | | | (1,339,813 | ) | | | (4,904 | ) | | | (315,082 | ) | | | (905,289 | ) | | | (86,418 | ) | | | (438,392 | ) | | | (655,380 | ) | | | (26,101 | ) | | | (1,848,510 | ) | | | — | | | | (5,619,889 | ) |
Small Company Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Below is the Undistributed (Distribution in excess of) Net Investment Income for the year ended October 31, 2017 as previously disclosed in the Statement of Changes in Net Assets within the October 31, 2017 Annual Report:
| | | | |
Fund | | Undistributed (Distribution
in excess of)
Net Investment Income | |
Capital Appreciation Fund | | $ | 46,205,063 | |
Core Equity Fund | | | 26,675,513 | |
Dividend and Growth Fund | | | 14,005,139 | |
Equity Income Fund | | | 4,726,229 | |
Growth Opportunities Fund | | | (3,981,896 | ) |
Healthcare Fund | | | (1,829,064 | ) |
MidCap Fund | | | (483,804 | ) |
MidCap Value Fund | | | 309,256 | |
Quality Value Fund | | | 2,674,409 | |
Small Cap Core Fund | | | 406,199 | |
Small Cap Growth Fund | | | — | |
Small Company Fund | | | (3,413,489 | ) |
| 3. | Securities and Other Investments: |
Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.
| 4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why a Fund may use derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect a Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statements of Assets and Liabilities and the realized gains and losses and
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
changes in unrealized gains and losses on the Statements of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedules of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statements of Operations.
| | a) | Foreign Currency Contracts – A Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts may be used in connection with settling purchases or sales of securities to hedge the currency exposure associated with some or all of a Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by a Fund as an unrealized gain or loss. A Fund will record a realized gain or loss when the foreign currency contract is settled. |
Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.
During the year ended October 31, 2018, Quality Value Fund had used Foreign Currency Contracts.
| | b) | Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily and an appropriate amount equal to the change in value (“variation margin”) is paid or received by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities. |
During the year ended October 31, 2018, Capital Appreciation Fund, Core Equity Fund and Small Cap Core Fund had used Futures Contracts.
| | c) | Additional Derivative Instrument Information: |
Capital Appreciation Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 1,993,236 | | | $ | — | | | $ | — | | | $ | 1,993,236 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 1,993,236 | | | $ | — | | | $ | — | | | $ | 1,993,236 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation (depreciation) on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statements of Assets and Liabilities. |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (1,513,252 | ) | | $ | — | | | $ | — | | | $ | (1,513,252 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (1,513,252 | ) | | $ | — | | | $ | — | | | $ | (1,513,252 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on
Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (1,993,236 | ) | | $ | — | | | $ | — | | | $ | (1,993,236 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (1,993,236 | ) | | $ | — | | | $ | — | | | $ | (1,993,236 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 784 | |
Core Equity Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 4,075,762 | | | $ | — | | | $ | — | | | $ | 4,075,762 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 4,075,762 | | | $ | — | | | $ | — | | | $ | 4,075,762 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation (depreciation) on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statements of Assets and Liabilities. |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | 606,809 | | | $ | — | | | $ | — | | | $ | 606,809 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 606,809 | | | $ | — | | | $ | — | | | $ | 606,809 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on
Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (4,075,762 | ) | | $ | — | | | $ | — | | | $ | (4,075,762 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (4,075,762 | ) | | $ | — | | | $ | — | | | $ | (4,075,762 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 319 | |
Quality Value Fund
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations: | |
Net realized gain (loss) on foreign currency contracts | | $ | — | | | $ | 150,252 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 150,252 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 150,252 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 150,252 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on
Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | $ | — | | | $ | (134,557 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (134,557 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (134,557 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (134,557 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 4,546,332 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 4,696,585 | |
Small Cap Core Fund
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 548 | | | $ | 548 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 548 | | | $ | 548 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 25 | |
| | d) | Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to a Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at a Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy. |
The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2018:
Capital Appreciation Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | — | | | $ | (1,993,236 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | — | | | | (1,993,236 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | 1,993,236 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | — | | | $ | — | |
| | | | | | | | |
Core Equity Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | — | | | $ | (4,075,762 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | — | | | | (4,075,762 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | 4,075,762 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | — | | | $ | — | |
| | | | | | | | |
A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.
Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage-backed securities, senior floating rate interests and certain asset-backed securities. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.
Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. These risks are heightened for investments in issuers from countries with less developed markets.
Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. A Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.
| | a) | Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2018. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes. |
| | b) | Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2018 and October 31, 2017 are as follows (as adjusted for dividends payable, if applicable): |
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
Fund | | Ordinary
Income | | | Long-Term
Capital Gains | | | Ordinary
Income | | | Long-Term
Capital Gains | |
Capital Appreciation Fund | | $ | 495,689,708 | | | $ | 616,632,480 | | | $ | 35,000,073 | | | $ | — | |
Core Equity Fund | | | 62,326,139 | | | | 53,245,177 | | | | 14,949,454 | | | | 19,484,643 | |
Dividend and Growth Fund | | | 174,669,622 | | | | 756,670,295 | | | | 125,893,891 | | | | 245,619,456 | |
Equity Income Fund | | | 80,074,856 | | | | 215,191,421 | | | | 68,684,829 | | | | 122,925,116 | |
Growth Opportunities Fund | | | 114,845,467 | | | | 287,898,865 | | | | — | | | | 158,039,253 | |
Healthcare Fund | | | 16,867,179 | | | | 59,657,697 | | | | — | | | | 129,496,880 | |
MidCap Fund | | | 62,275,642 | | | | 400,812,276 | | | | — | | | | 209,026,808 | |
MidCap Value Fund | | | 714,158 | | | | 17,090,726 | | | | 694,296 | | | | 35,877,746 | |
Quality Value Fund | | | 9,640,019 | | | | 3,129,110 | | | | 3,773,980 | | | | — | |
Small Cap Core Fund | | | 599,875 | | | | 6,583,376 | | | | 1,708,900 | | | | — | |
Small Cap Growth Fund | | | 5,463,339 | | | | 55,299,983 | | | | — | | | | 5,619,889 | |
Small Company Fund | | | — | | | | — | | | | — | | | | — | |
As of October 31, 2018, the components of distributable earnings (deficit) for each Fund on a tax basis are as follows:
| | | | | | | | | | | | | | | | | | | | |
Fund | | Undistributed
Ordinary
Income | | | Undistributed
Long-Term
Capital Gains | | | Late Year
Ordinary and
Post Oct
Capital Loss
Deferrals | | | Unrealized
Appreciation on
Investments | | | Total
Accumulated
Earnings | |
Capital Appreciation Fund | | $ | 441,270,099 | | | $ | 620,900,083 | | | $ | — | | | $ | 85,237,701 | | | $ | 1,147,407,883 | |
Core Equity Fund | | | 39,489,945 | | | | 127,777,558 | | | | — | | | | 610,616,259 | | | | 777,883,762 | |
Dividend and Growth Fund | | | 13,505,368 | | | | 751,888,353 | | | | — | | | | 1,902,697,965 | | | | 2,668,091,686 | |
Equity Income Fund | | | 14,111,819 | | | | 297,024,850 | | | | — | | | | 709,761,151 | | | | 1,020,897,820 | |
Growth Opportunities Fund | | | 346,078,132 | | | | 723,597,890 | | | | — | | | | 281,768,519 | | | | 1,351,444,541 | |
Healthcare Fund | | | — | | | | 102,046,794 | | | | (5,109,572 | ) | | | 149,229,199 | | | | 246,166,421 | |
MidCap Fund | | | 94,743,434 | | | | 1,219,259,189 | | | | — | | | | 1,429,528,917 | | | | 2,743,531,540 | |
MidCap Value Fund | | | 5,689,417 | | | | 64,581,281 | | | | — | | | | 5,716,232 | | | | 75,986,930 | |
Quality Value Fund | | | 9,553,872 | | | | 8,744,943 | | | | — | | | | 1,881,149 | | | | 20,179,964 | |
Small Cap Core Fund | | | 3,012,182 | | | | 22,181,048 | | | | — | | | | 7,791,220 | | | | 32,984,450 | |
Small Cap Growth Fund | | | 58,498,289 | | | | 162,889,030 | | | | — | | | | 52,792,861 | | | | 274,180,180 | |
Small Company Fund | | | 10,753,021 | | | | 78,731,563 | | | | — | | | | 22,792,663 | | | | 112,277,247 | |
| | d) | Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration of capital loss carryforwards, write-off of net operating losses and nondeductible expenses from partnership investments. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2018, the Funds recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | | | | | |
Fund | | Paid-in-Capital | | | Distributable
Earnings (Loss) | |
Capital Appreciation Fund | | $ | (53,385 | ) | | $ | 53,385 | |
Equity Income Fund | | | (1 | ) | | | 1 | |
Growth Opportunities Fund | | | 558,042 | | | | (558,042 | ) |
Healthcare Fund | | | (1,015,049 | ) | | | 1,015,049 | |
MidCap Fund | | | 1 | | | | (1 | ) |
Small Cap Growth Fund | | | 1 | | | | (1 | ) |
Small Company Fund | | | (3,695 | ) | | | 3,695 | |
| | e) | Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2018 is different from book purposes primarily due to wash sale loss deferrals, passive foreign investment company (PFIC) mark-to-market adjustments, partnership adjustments and non-taxable distributions from underlying investments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals, mark-to-market adjustments on futures and PFICs, partnership adjustments and adjustments related to non-taxable |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | distributions from underlying investments. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below: |
| | | | | | | | | | | | | | | | |
Fund | | Tax Cost | | | Gross Unrealized
Appreciation | | | Gross Unrealized
(Depreciation) | | | Net Unrealized
Appreciation | |
Capital Appreciation Fund | | $ | 7,145,367,611 | | | $ | 524,175,416 | | | $ | (438,743,219 | ) | | $ | 85,432,197 | |
Core Equity Fund | | | 2,846,087,121 | | | | 696,124,105 | | | | (85,507,846 | ) | | | 610,616,259 | |
Dividend and Growth Fund | | | 6,322,504,975 | | | | 2,090,296,713 | | | | (187,598,748 | ) | | | 1,902,697,965 | |
Equity Income Fund | | | 3,432,576,076 | | | | 837,730,111 | | | | (127,876,626 | ) | | | 709,853,485 | |
Growth Opportunities Fund | | | 4,458,200,713 | | | | 543,657,959 | | | | (261,845,362 | ) | | | 281,812,597 | |
Healthcare Fund | | | 1,296,086,353 | | | | 301,473,325 | | | | (152,242,108 | ) | | | 149,231,217 | |
MidCap Fund | | | 10,899,587,636 | | | | 1,930,729,301 | | | | (501,200,384 | ) | | | 1,429,528,917 | |
MidCap Value Fund | | | 633,276,434 | | | | 59,262,392 | | | | (53,544,574 | ) | | | 5,717,818 | |
Quality Value Fund | | | 281,675,604 | | | | 17,284,891 | | | | (15,397,235 | ) | | | 1,887,656 | |
Small Cap Core Fund | | | 99,608,806 | | | | 16,449,441 | | | | (8,658,221 | ) | | | 7,791,220 | |
Small Cap Growth Fund | | | 1,072,144,873 | | | | 141,646,867 | | | | (88,854,006 | ) | | | 52,792,861 | |
Small Company Fund | | | 500,224,876 | | | | 58,151,325 | | | | (35,358,662 | ) | | | 22,792,663 | |
| | f) | Capital Loss Carryforward – The Funds had no capital loss carryforwards for U.S. federal income tax purposes as of October 31, 2018. |
During the year ended October 31, 2018, the Small Company Fund utilized prior year capital loss carryforwards of $7,507,209.
Under the current tax law, net investment losses realized after December 31 of a Fund’s fiscal year may be deferred and treated as occurring on the first business day of the following fiscal year for tax purposes, often referred to as Late-Year Ordinary Losses. At October 31, 2018, the following Fund elected to defer Late-Year Ordinary Losses:
| | | | |
Fund | | Amount | |
Healthcare Fund | | $ | 5,109,572 | |
| | g) | Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, management reviews each Fund’s tax positions for all open tax years. As of October 31, 2018, management had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months. |
| | a) | Investment Management Agreement – Hartford Funds Management Company, LLC (“HFMC”) serves as each Fund’s investment manager. Each Company, on behalf of its respective Funds, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily investment of the assets of each Fund in accordance with the Fund’s investment objective and policies. Each Fund pays a fee to HFMC, a portion of which may be used to compensate Wellington Management. |
The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2018; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
| | |
Fund | | Management Fee Rates |
Capital Appreciation Fund | | 0.8000% on first $500 million and; |
| | 0.7000% on next $500 million and; |
| | 0.6500% on next $4 billion and; |
| | 0.6475% on next $5 billion and; |
| | 0.6450% over $10 billion |
| |
Core Equity Fund | | 0.4500% on first $500 million and; |
| | 0.3500% on next $500 million and; |
| | 0.3300% on next $1.5 billion and; |
| | 0.3250% on next $2.5 billion and; |
| | 0.3225% over $5 billion |
| |
Dividend and Growth Fund | | 0.7500% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5950% on next $2.5 billion and; |
| | 0.5900% on next $5 billion and; |
| | 0.5850% over $10 billion |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | |
Fund | | Management Fee Rates |
| |
Equity Income Fund | | 0.7500% on first $250 million and; |
| | 0.7000% on next $250 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5900% on next $2.5 billion and; |
| | 0.5875% over $5 billion |
| |
Growth Opportunities Fund | | 0.8000% on first $250 million and; |
| | 0.7000% on next $4.75 billion and; |
| | 0.6975% on next $5 billion and; |
| | 0.6950% over $10 billion |
| |
Healthcare Fund | | 0.9000% on first $500 million and; |
| | 0.8500% on next $500 million and; |
| | 0.8000% on next $4 billion and; |
| | 0.7975% on next $5 billion and; |
| | 0.7950% over $10 billion |
| |
MidCap Fund | | 0.8500% on first $500 million and; |
| | 0.7500% on next $500 million and; |
| | 0.7000% on next $4 billion and; |
| | 0.6975% on next $5 billion and; |
| | 0.6950% over $10 billion |
| |
MidCap Value Fund | | 0.7500% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5950% on next $2.5 billion and; |
| | 0.5900% on next $5 billion and; |
| | 0.5850% over $10 billion |
| |
Quality Value Fund | | 0.4500% on first $500 million and; |
| | 0.3500% on next $500 million and; |
| | 0.3300% on next $4 billion and; |
| | 0.3250% on next $5 billion and; |
| | 0.3225% over $10 billion |
| |
Small Cap Core Fund | | 0.7000% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $2 billion and; |
| | 0.5900% on next $2 billion and; |
| | 0.5800% on next $5 billion and; |
| | 0.5700% over $10 billion |
| |
Small Cap Growth Fund | | 0.9000% on first $100 million and; |
| | 0.8000% on next $150 million and; |
| | 0.7000% on next $250 million and; |
| | 0.6500% on next $4.5 billion and; |
| | 0.6300% on next $5 billion and; |
| | 0.6200% over $10 billion |
| |
Small Company Fund | | 0.8500% on first $250 million and; |
| | 0.8000% on next $250 million and; |
| | 0.7500% on next $500 million and; |
| | 0.7000% on next $500 million and; |
| | 0.6500% on next $3.5 billion and; |
| | 0.6300% on next $5 billion and; |
| | 0.6200% over $10 billion |
From November 1, 2017 through August 31, 2018, the Funds identified below paid the rates set forth below to HFMC for investment management services rendered. The rate was accrued daily and paid monthly based on the Fund’s average daily net assets.
| | |
Fund | | Management Fee Rates |
Quality Value Fund | | 0.5500% on first $250 million and; |
| | 0.4500% on next $250 million and; |
| | 0.3500% on next $500 million and; |
| | 0.3300% on next $4 billion and; |
| | 0.3250% on next $5 billion and; |
| | 0.3225% over $10 billion |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | |
Fund | | Management Fee Rates |
| |
Small Cap Core Fund | | 0.7500% on first $500 million and; |
| | 0.7000% on next $500 million and; |
| | 0.6500% on next $2 billion and; |
| | 0.6400% on next $2 billion and; |
| | 0.6300% on next $5 billion and; |
| | 0.6200% over $10 billion |
| | b) | Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and each Company, on behalf of its respective Funds, HFMC provides accounting services to each Fund and receives monthly compensation based on each Fund’s average daily net assets at the rates set forth below. Each Fund’s accounting services fees are accrued daily and paid monthly. |
| | | | |
| Capital Appreciation Fund, Growth Opportunities Fund and Small Company Fund | |
| Average Daily Net Assets | | Annual Fees | |
First $3.5 billion and; | | | 0.022% | |
Next $3.5 billion and | | | 0.018% | |
Amount Over $7 billion | | | 0.015% | |
| |
Core Equity Fund, Dividend and Growth Fund, Equity Income Fund, Healthcare Fund, MidCap Fund, MidCap Value Fund, Quality Value Fund,
Small Cap Core Fund and Small Cap Growth Fund | |
| Average Daily Net Assets | | Annual Fees | |
First $3.5 billion and; | | | 0.018% | |
Next $3.5 billion and | | | 0.014% | |
Amount Over $7 billion | | | 0.010% | |
HFMC has delegated certain accounting and administrative services functions to State Street Bank and Trust Company (“State Street”). The costs and expenses of such delegation are borne by HFMC, not by the Funds, and HFMC compensates State Street for its services out of its own resources.
| | c) | Operating Expenses – Allocable expenses incurred by a Company are allocated to each series within such Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2018, HFMC contractually limited the total operating expenses, (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), through February 29, 2020 for the Quality Value Fund and Small Cap Core Fund and through February 28, 2019 for the Small Company Fund as follows: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Expense Limit as a Percentage of Average Daily Net Assets | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Quality Value Fund | | | 0.96 | % | | | 1.71 | % | | | 0.66 | % | | | 1.18 | % | | | 0.88 | % | | | 0.63 | % | | | 0.46 | % | | | 0.57 | % | | | 0.46 | % |
Small Cap Core Fund | | | 1.30 | % | | | 2.05 | % | | | 1.00 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.80 | % | | | 0.85 | % | | | 0.80 | % |
Small Company Fund | | | 1.40 | % | | | 2.15 | % | | | 1.15 | % | | | 1.55 | % | | | 1.25 | % | | | 0.95 | % | | | 0.90 | % | | | 0.90 | % | | | 0.90 | % |
From November 1, 2017 through February 28, 2018, HFMC contractually limited the total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), as follows for the following Funds:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Expense Limit as a Percentage of Average Daily Net Assets | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Capital Appreciation Fund | | | 1.29 | % | | | N/A | | | | 1.04 | % | | | 1.40 | % | | | 1.10 | % | | | 0.80 | % | | | 0.75 | % | | | N/A | | | | 0.75 | % |
Core Equity Fund | | | 0.79 | % | | | 1.54 | % | | | 0.54 | % | | | 1.09 | % | | | 0.79 | % | | | 0.49 | % | | | 0.45 | % | | | 0.49 | % | | | 0.45 | % |
Dividend and Growth Fund | | | 1.25 | % | | | N/A | | | | 1.00 | % | | | 1.35 | % | | | 1.05 | % | | | 0.75 | % | | | 0.70 | % | | | N/A | | | | 0.70 | % |
Equity Income Fund | | | 1.25 | % | | | 2.00 | % | | | 1.00 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.85 | % | | | 0.85 | % | | | 0.85 | % |
Growth Opportunities Fund | | | 1.36 | % | | | 2.11 | % | | | 1.11 | % | | | 1.45 | % | | | 1.15 | % | | | 0.85 | % | | | 0.85 | % | | | 0.85 | % | | | 0.85 | % |
Healthcare Fund | | | 1.60 | % | | | 2.35 | % | | | 1.35 | % | | | 1.65 | % | | | 1.35 | % | | | 1.05 | % | | | N/A | | | | 1.00 | % | | | 0.95 | % |
MidCap Fund | | | 1.37 | % | | | N/A | | | | 0.87 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.85 | % | | | N/A | | | | 0.85 | % |
MidCap Value Fund | | | 1.35 | % | | | 2.10 | % | | | 1.10 | % | | | 1.55 | % | | | 1.25 | % | | | 0.95 | % | | | N/A | | | | 0.90 | % | | | 0.85 | % |
From November 1, 2017 through August 31, 2018, HFMC contractually limited the total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), as follows for the following Funds:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Expense Limit as a Percentage of Average Daily Net Assets | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Quality Value Fund | | | 1.05 | % | | | 1.80 | % | | | 0.79 | % | | | 1.35 | % | | | 1.05 | % | | | 0.75 | % | | | 0.65 | % | | | 0.70 | % | | | 0.65 | % |
Small Cap Core Fund | | | 1.30 | % | | | 2.05 | % | | | 1.05 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.85 | % | | | 0.85 | % | | | 0.85 | % |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | d) | Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. In addition, the Funds’ custodian bank has agreed to reduce its fees when a Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2018, these amounts, if any, are included in the Statements of Operations. |
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Capital Appreciation Fund | | | 1.06 | % | | | 1.80 | % | | | 0.78 | % | | | 1.41 | % | | | 1.10 | % | | | 0.80 | % | | | 0.70 | % | | | 0.71 | % | | | 0.70 | % |
Core Equity Fund | | | 0.74 | % | | | 1.48 | % | | | 0.47 | % | | | 1.10 | % | | | 0.76 | % | | | 0.49 | % | | | 0.39 | % | | | 0.42 | % | | | 0.39 | % |
Dividend and Growth Fund | | | 0.99 | % | | | 1.75 | % | | | 0.73 | % | | | 1.35 | % | | | 1.04 | % | | | 0.74 | % | | | 0.64 | % | | | 0.68 | % | | | 0.64 | % |
Equity Income Fund | | | 1.00 | % | | | 1.75 | % | | | 0.74 | % | | | 1.36 | % | | | 1.06 | % | | | 0.76 | % | | | 0.66 | % | | | 0.70 | % | | | 0.65 | % |
Growth Opportunities Fund | | | 1.11 | % | | | 1.85 | % | | | 0.84 | % | | | 1.45 | % | | | 1.15 | % | | | 0.86 | % | | | 0.75 | % | | | 0.78 | % | | | 0.75 | % |
Healthcare Fund | | | 1.28 | % | | | 2.02 | % | | | 1.00 | % | | | 1.61 | % | | | 1.30 | % | | | 1.02 | % | | | N/A | | | | 0.92 | % | | | 0.90 | % |
MidCap Fund | | | 1.10 | % | | | 1.85 | % | | | 0.82 | % | | | 1.46 | % | | | 1.15 | % | | | 0.85 | % | | | 0.75 | % | | | 0.78 | % | | | 0.75 | % |
MidCap Value Fund | | | 1.22 | % | | | 1.97 | % | | | 0.89 | % | | | 1.52 | % | | | 1.22 | % | | | 0.91 | % | | | N/A | | | | 0.86 | % | | | 0.80 | % |
Quality Value Fund | | | 1.03 | % | | | 1.79 | % | | | 0.69 | % | | | 1.30 | % | | | 1.01 | % | | | 0.72 | % | | | 0.59 | % | | | 0.66 | % | | | 0.60 | % |
Small Cap Core Fund | | | 1.29 | % | | | 2.04 | % | | | 0.95 | % | | | 1.43 | % | | | 1.20 | % | | | 0.90 | % | | | 0.84 | % | | | 0.85 | % | | | 0.84 | % |
Small Cap Growth Fund | | | 1.20 | % | | | 1.88 | % | | | 0.82 | % | | | 1.47 | % | | | 1.15 | % | | | 0.85 | % | | | 0.75 | % | | | 0.79 | % | | | 0.75 | % |
Small Company Fund | | | 1.33 | % | | | 2.10 | % | | | 1.05 | % | | | 1.55 | % | | | 1.25 | % | | | 0.95 | % | | | 0.90 | % | | | 0.90 | % | | | 0.90 | % |
| | e) | Sales Charges and Distribution and Service Plan for Class A, T, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2018, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows: |
| | | | | | | | |
Fund | | Front-end
Sales Charges | | | Contingent Deferred
Sales Charges | |
Capital Appreciation Fund | | $ | 1,842,547 | | | $ | 18,780 | |
Core Equity Fund | | | 1,364,593 | | | | 20,774 | |
Dividend and Growth Fund | | | 3,039,020 | | | | 29,398 | |
Equity Income Fund | | | 1,647,795 | | | | 20,741 | |
Growth Opportunities Fund | | | 2,598,850 | | | | 40,966 | |
Healthcare Fund | | | 804,107 | | | | 12,610 | |
MidCap Fund | | | 5,063,707 | | | | 73,441 | |
MidCap Value Fund | | | 610,345 | | | | 7,962 | |
Quality Value Fund | | | 62,086 | | | | 942 | |
Small Cap Core Fund | | | 58,746 | | | | 534 | |
Small Cap Growth Fund | | | 65,922 | | | | 892 | |
Small Company Fund | | | 537,252 | | | | 4,839 | |
The Board of Directors of each Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, T, C, R3 and R4 shares. Under a Plan, Class A, Class T, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class T Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class T shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. As of October 31, 2018, Class T shares have not commenced operations. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the respective Company’s Board of Directors may determine.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | f) | Other Related Party Transactions – Certain officers of each Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2018, a portion of each Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below. |
| | | | |
Fund | | CCO Compensation
Paid by Fund | |
Capital Appreciation Fund | | $ | 17,911 | |
Core Equity Fund | | | 7,214 | |
Dividend and Growth Fund | | | 18,469 | |
Equity Income Fund | | | 9,486 | |
Growth Opportunities Fund | | | 10,646 | |
Healthcare Fund | | | 3,293 | |
MidCap Fund | | | 24,314 | |
MidCap Value Fund | | | 1,527 | |
Quality Value Fund | | | 628 | |
Small Cap Core Fund | | | 295 | |
Small Cap Growth Fund | | | 2,797 | |
Small Company Fund | | | 1,108 | |
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the applicable Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.
| | | | |
Share Class | | Specified Amount
(as a percentage
average daily
net assets) | |
Class A | | | 0.25 | % |
Class C | | | 0.25 | % |
Class I | | | 0.20 | %* |
Class Y | | | 0.06 | % |
Class R3 | | | 0.02 | % |
Class R4 | | | 0.02 | % |
Class R5 | | | 0.02 | % |
Class R6 | | | 0.004 | %** |
Class F | | | 0.004 | %** |
| | * | For the period March 1, 2018 through February 28, 2019, the Specified Amount for the MidCap Fund Class I is equal to 0.12% of average daily net assets. |
| | ** | For the period November 1, 2017 through February 28, 2018, the Specified Amount for Class F and Class R6 was equal to 0.00% of average daily net assets. |
Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.
For the year ended October 31, 2018, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Capital Appreciation Fund | | | 0.12 | % | | | 0.11 | % | | | 0.09 | % | | | 0.02 | % | | | 0.01 | % | | | 0.01 | % | | | 0.00 | % | | | 0.01 | % | | | 0.00 | % |
Core Equity Fund | | | 0.11 | % | | | 0.10 | % | | | 0.09 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % | | | 0.03 | % | | | 0.00 | % |
Dividend and Growth Fund | | | 0.10 | % | | | 0.12 | % | | | 0.09 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % | | | 0.04 | % | | | 0.00 | % |
Equity Income Fund | | | 0.09 | % | | | 0.09 | % | | | 0.09 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % | | | 0.05 | % | | | 0.00 | % |
Growth Opportunities Fund | | | 0.12 | % | | | 0.11 | % | | | 0.09 | % | | | 0.01 | % | | | 0.00 | % | | | 0.01 | % | | | 0.00 | % | | | 0.04 | % | | | 0.00 | % |
Healthcare Fund | | | 0.13 | % | | | 0.13 | % | | | 0.10 | % | | | 0.01 | % | | | 0.01 | % | | | 0.02 | % | | | N/A | | | | 0.02 | % | | | 0.00 | % |
MidCap Fund | | | 0.11 | % | | | 0.11 | % | | | 0.08 | % | | | 0.02 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % | | | 0.03 | % | | | 0.00 | % |
MidCap Value Fund | | | 0.17 | % | | | 0.18 | % | | | 0.10 | % | | | 0.02 | % | | | 0.02 | % | | | 0.01 | % | | | N/A | | | | 0.06 | % | | | 0.00 | % |
Quality Value Fund | | | 0.18 | % | | | 0.19 | % | | | 0.09 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.05 | % | | | 0.00 | % |
Small Cap Core Fund | | | 0.19 | % | | | 0.22 | % | | | 0.12 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.06 | % | | | 0.00 | % |
Small Cap Growth Fund | | | 0.21 | % | | | 0.13 | % | | | 0.07 | % | | | 0.02 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % | | | 0.04 | % | | | 0.00 | % |
Small Company Fund | | | 0.18 | % | | | 0.21 | % | | | 0.15 | % | | | 0.02 | % | | | 0.01 | % | | | 0.02 | % | | | 0.00 | % | | | 0.01 | % | | | 0.00 | % |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
Administrative services fees for third-party recordkeeping services were payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statements of Operations. These fees were accrued daily and paid monthly.
A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the risk that the principal value of the collateral invested may decline; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.
At October 31, 2018, the following Funds had securities on loan at market value, cash collateral and non-cash collateral as follows:
| | | | | | | | | | | | |
Fund | | Market Value of
Securities on Loan(1) | | | Cash
Collateral | | | Non-Cash
Collateral(2)(3) | |
Capital Appreciation Fund | | $ | 40,701,404 | | | $ | 42,409,117 | | | $ | 929,079 | |
Growth Opportunities Fund | | | 52,889,567 | | | | 50,639,843 | | | | — | |
Healthcare Fund | | | 14,298,996 | | | | 14,720,638 | | | | — | |
MidCap Fund | | | 33,723,481 | | | | 35,575,880 | | | | — | |
MidCap Value Fund | | | 7,470,050 | | | | 7,463,725 | | | | — | |
Quality Value Fund | | | 1,365,609 | | | | 1,392,402 | | | | — | |
Small Cap Core Fund | | | 5,145,758 | | | | 5,335,128 | | | | — | |
Small Cap Growth Fund | | | 33,887,559 | | | | 34,163,032 | | | | — | |
Small Company Fund | | | 3,992,250 | | | | 4,135,186 | | | | — | |
| | (1) | It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract. |
| | (2) | These securities are held for the benefit of the Fund at the Fund’s custodian. The Fund cannot repledge or resell this collateral. As such, collateral is excluded from the Statement of Assets and Liabilities. |
| | (3) | U.S. Government securities |
The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2018.
Certain Transfers Accounted for as Secured Borrowings
Remaining Contractual Maturity of the Agreements
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| Capital Appreciation Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 42,409,117 | | | $ | — | | | $ | — | | | $ | — | | | $ | 42,409,117 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 42,409,117 | | | $ | — | | | $ | — | | | $ | — | | | $ | 42,409,117 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 42,409,117 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Growth Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 50,639,843 | | | $ | — | | | $ | — | | | $ | — | | | $ | 50,639,843 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 50,639,843 | | | $ | — | | | $ | — | | | $ | — | | | $ | 50,639,843 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 50,639,843 | |
| | | | | |
| | | | | |
| Healthcare Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 14,720,638 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,720,638 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 14,720,638 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,720,638 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 14,720,638 | |
| | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| MidCap Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 35,575,880 | | | $ | — | | | $ | — | | | $ | — | | | $ | 35,575,880 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 35,575,880 | | | $ | — | | | $ | — | | | $ | — | | | $ | 35,575,880 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 35,575,880 | |
| | | | | |
| | | | | |
| MidCap Value Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 7,463,725 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,463,725 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 7,463,725 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,463,725 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 7,463,725 | |
| | | | | |
| | | | | |
| Quality Value Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 1,392,402 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,392,402 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 1,392,402 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,392,402 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 1,392,402 | |
| | | | | |
| | | | | |
| Small Cap Core Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 5,335,128 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,335,128 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 5,335,128 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,335,128 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | | | | | | | | | $ | 5,335,128 | |
| | | | | |
| | | | | |
| Small Cap Growth Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 5,646,579 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,646,579 | |
Exchange-Traded Funds | | | 28,516,453 | | | | — | | | | — | | | | — | | | | 28,516,453 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 34,163,032 | | | $ | — | | | $ | — | | | $ | — | | | $ | 34,163,032 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 34,163,032 | | | $ | — | | | $ | — | | | $ | — | | | $ | 34,163,032 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | | | | | $ | 34,163,032 | |
| | | | | |
| | | | | |
| Small Company Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 4,135,186 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,135,186 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 4,135,186 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,135,186 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 4,135,186 | |
| | | | | |
| | (1) | Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand. |
As of October 31, 2018, affiliates of The Hartford had ownership of shares in each Fund as follows:
Percentage of a Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Quality Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 100 | % | | | — | | | | — | |
Small Cap Core Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | 30 | % | | | 100 | % | | | — | | | | — | |
Percentage of Fund by Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Quality Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | |
Small Cap Core Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | | | | — | |
| | * | Percentage rounds to zero. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
As of October 31, 2018, affiliated funds of funds in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds. Affiliated funds of funds owned shares in the Funds listed below as follows:
| | | | |
Funds | | Percentage of
Fund* | |
Capital Appreciation Fund | | | 7 | % |
Core Equity Fund | | | 9 | % |
Dividend and Growth Fund | | | 11 | % |
Equity Income Fund | | | 7 | % |
Growth Opportunities Fund | | | 2 | % |
MidCap Fund | | | 1 | % |
MidCap Value Fund | | | 2 | % |
Quality Value Fund | | | 27 | % |
Small Cap Core Fund | | | 36 | % |
Small Cap Growth Fund | | | 3 | % |
Small Company Fund | | | 2 | % |
| | * | As of October 31, 2018, affiliated funds of funds invest in Class F shares. |
| 10. | Investment Transactions: |
For the year ended October 31, 2018, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Cost of Purchases
Excluding U.S.
Government
Obligations | | | Sales Proceeds
Excluding U.S.
Government
Obligations | | | Cost of Purchases
For U.S. Government
Obligations | | | Sales Proceeds
For U.S. Government
Obligations | | | Total Cost of
Purchases | | | Total Sales
Proceeds | |
Capital Appreciation Fund | | $ | 8,429,959,993 | | | $ | 9,704,031,188 | | | $ | — | | | $ | — | | | $ | 8,429,959,993 | | | $ | 9,704,031,188 | |
Core Equity Fund | | | 728,427,388 | | | | 820,267,936 | | | | — | | | | — | | | | 728,427,388 | | | | 820,267,936 | |
Dividend and Growth Fund | | | 2,565,323,831 | | | | 3,043,395,182 | | | | — | | | | — | | | | 2,565,323,831 | | | | 3,043,395,182 | |
Equity Income Fund | | | 918,438,135 | | | | 997,140,525 | | | | — | | | | — | | | | 918,438,135 | | | | 997,140,525 | |
Growth Opportunities Fund | | | 5,982,152,434 | | | | 6,447,599,374 | | | | — | | | | — | | | | 5,982,152,434 | | | | 6,447,599,374 | |
Healthcare Fund | | | 397,387,841 | | | | 548,644,867 | | | | — | | | | — | | | | 397,387,841 | | | | 548,644,867 | |
MidCap Fund | | | 5,974,326,103 | | | | 4,343,109,616 | | | | — | | | | — | | | | 5,974,326,103 | | | | 4,343,109,616 | |
MidCap Value Fund | | | 337,961,072 | | | | 349,229,675 | | | | — | | | | — | | | | 337,961,072 | | | | 349,229,675 | |
Quality Value Fund | | | 287,512,311 | | | | 243,424,794 | | | | — | | | | — | | | | 287,512,311 | | | | 243,424,794 | |
Small Cap Core Fund | | | 84,371,115 | | | | 141,159,555 | | | | — | | | | — | | | | 84,371,115 | | | | 141,159,555 | |
Small Cap Growth Fund | | | 831,227,663 | | | | 1,096,426,096 | | | | — | | | | — | | | | 831,227,663 | | | | 1,096,426,096 | |
Small Company Fund | | | 522,564,036 | | | | 557,071,918 | | | | — | | | | — | | | | 522,564,036 | | | | 557,071,918 | |
| 11. | Capital Share Transactions: |
The following information is for the year ended October 31, 2018, and the year ended October 31, 2017:
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Capital Appreciation Fund | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,627,905 | | | $ | 720,223,487 | | | | 5,164,744 | | | $ | 199,564,635 | |
Shares Issued for Reinvested Dividends | | | 15,585,296 | | | | 588,452,604 | | | | 507,266 | | | | 18,099,252 | |
Shares Redeemed | | | (19,213,364 | ) | | | (759,184,210 | ) | | | (29,369,647 | ) | | | (1,122,236,727 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 282,295 | | | | 10,753,786 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 14,999,837 | | | | 549,491,881 | | | | (23,415,342 | ) | | | (893,819,054 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 2,300 | | | $ | 65,083 | |
Shares Redeemed | | | — | | | | — | | | | (1,795,155 | ) | | | (54,270,939 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (357,168 | ) | | | (10,753,786 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (2,150,023 | ) | | | (64,959,642 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,048,144 | | | $ | 31,974,203 | | | | 908,134 | | | $ | 28,017,263 | |
Shares Issued for Reinvested Dividends | | | 6,297,825 | | | | 184,217,448 | | | | — | | | | — | |
Shares Redeemed | | | (29,715,951 | ) | | | (896,575,354 | ) | | | (15,083,624 | ) | | | (466,301,561 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (22,369,982 | ) | | | (680,383,703 | ) | | | (14,175,490 | ) | | | (438,284,298 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Capital Appreciation Fund – (continued) | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,910,878 | | | $ | 155,382,910 | | | | 9,308,674 | | | $ | 354,461,267 | |
Shares Issued for Reinvested Dividends | | | 2,472,959 | | | | 93,848,576 | | | | 153,309 | | | | 5,480,799 | |
Shares Redeemed | | | (7,218,834 | ) | | | (285,577,373 | ) | | | (24,689,916 | ) | | | (969,853,607 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (834,997 | ) | | | (36,345,887 | ) | | | (15,227,933 | ) | | | (609,911,541 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 137,040 | | | $ | 5,957,109 | | | | 188,350 | | | $ | 7,888,682 | |
Shares Issued for Reinvested Dividends | | | 206,300 | | | | 8,536,924 | | | | 903 | | | | 35,017 | |
Shares Redeemed | | | (513,386 | ) | | | (22,360,490 | ) | | | (1,301,876 | ) | | | (55,969,755 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (170,046 | ) | | | (7,866,457 | ) | | | (1,112,623 | ) | | | (48,046,056 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 186,985 | | | $ | 8,374,964 | | | | 182,457 | | | $ | 7,838,732 | |
Shares Issued for Reinvested Dividends | | | 187,519 | | | | 8,012,830 | | | | 3,902 | | | | 155,319 | |
Shares Redeemed | | | (764,944 | ) | | | (33,903,987 | ) | | | (1,209,564 | ) | | | (52,802,020 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (390,440 | ) | | | (17,516,193 | ) | | | (1,023,205 | ) | | | (44,807,969 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 82,585 | | | $ | 3,732,482 | | | | 88,767 | | | $ | 3,891,401 | |
Shares Issued for Reinvested Dividends | | | 108,386 | | | | 4,727,927 | | | | 7,344 | | | | 296,900 | |
Shares Redeemed | | | (261,803 | ) | | | (11,949,550 | ) | | | (408,257 | ) | | | (18,431,296 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (70,832 | ) | | | (3,489,141 | ) | | | (312,146 | ) | | | (14,242,995 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 101,194 | | | $ | 4,624,485 | | | | 172,552 | | | $ | 7,637,461 | |
Shares Issued for Reinvested Dividends | | | 192,898 | | | | 8,465,656 | | | | 10,361 | | | | 420,762 | |
Shares Redeemed | | | (151,907 | ) | | | (6,938,017 | ) | | | (174,485 | ) | | | (7,600,286 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 142,185 | | | | 6,152,124 | | | | 8,428 | | | | 457,937 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 693,026 | | | $ | 32,164,734 | | | | 616,188 | | | $ | 27,346,222 | |
Shares Issued for Reinvested Dividends | | | 477,638 | | | | 20,953,067 | | | | 163,226 | | | | 6,628,619 | |
Shares Redeemed | | | (1,043,499 | ) | | | (48,018,245 | ) | | | (20,784,055 | ) | | | (900,206,015 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 127,165 | | | | 5,099,556 | | | | (20,004,641 | ) | | | (866,231,174 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,570,142 | | | $ | 62,543,993 | | | | 29,236,396 | | | $ | 1,151,502,668 | |
Shares Issued for Reinvested Dividends | | | 2,834,969 | | | | 107,657,480 | | | | — | | | | — | |
Shares Redeemed | | | (7,542,627 | ) | | | (297,884,938 | ) | | | (2,991,743 | ) | | | (121,863,993 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,137,516 | ) | | | (127,683,465 | ) | | | 26,244,653 | | | | 1,029,638,675 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (11,704,626 | ) | | $ | (312,541,285 | ) | | | (51,168,322 | ) | | $ | (1,950,206,117 | ) |
| | | | | | | | | | | | | | | | |
|
| Core Equity Fund | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,126,880 | | | $ | 186,510,085 | | | | 6,877,120 | | | $ | 177,410,250 | |
Shares Issued for Reinvested Dividends | | | 734,490 | | | | 21,375,055 | | | | 349,387 | | | | 8,648,822 | |
Shares Redeemed | | | (6,920,178 | ) | | | (209,143,476 | ) | | | (14,587,496 | ) | | | (377,270,813 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 11,129 | | | | 288,606 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (58,808 | ) | | | (1,258,336 | ) | | | (7,349,860 | ) | | | (190,923,135 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 1,681 | | | $ | 38,519 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 246 | | | | 5,618 | |
Shares Redeemed | | | — | | | | — | | | | (24,689 | ) | | | (590,151 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (12,082 | ) | | | (288,606 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (34,844 | ) | | | (834,620 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,710,493 | | | $ | 47,235,025 | | | | 3,092,901 | | | $ | 73,214,800 | |
Shares Issued for Reinvested Dividends | | | 350,318 | | | | 9,320,524 | | | | 111,839 | | | | 2,548,878 | |
Shares Redeemed | | | (3,541,926 | ) | | | (97,989,819 | ) | | | (3,900,683 | ) | | | (94,369,709 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,481,115 | ) | | | (41,434,270 | ) | | | (695,943 | ) | | | (18,606,031 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 13,072,789 | | | $ | 396,887,616 | | | | 24,471,971 | | | $ | 634,386,720 | |
Shares Issued for Reinvested Dividends | | | 1,162,130 | | | | 33,875,872 | | | | 466,285 | | | | 11,551,575 | |
Shares Redeemed | | | (11,227,452 | ) | | | (338,823,716 | ) | | | (21,911,918 | ) | | | (582,031,354 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,007,467 | | | | 91,939,772 | | | | 3,026,338 | | | | 63,906,941 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
|
| Core Equity Fund – (continued) | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 207,064 | | | $ | 6,289,388 | | | | 687,599 | | | $ | 17,930,343 | |
Shares Issued for Reinvested Dividends | | | 40,040 | | | | 1,179,524 | | | | 17,369 | | | | 435,797 | |
Shares Redeemed | | | (598,704 | ) | | | (18,364,395 | ) | | | (703,290 | ) | | | (19,052,243 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (351,600 | ) | | | (10,895,483 | ) | | | 1,678 | | | | (686,103 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 622,611 | | | $ | 19,301,039 | | | | 2,308,019 | | | $ | 61,308,610 | |
Shares Issued for Reinvested Dividends | | | 181,518 | | | | 5,432,028 | | | | 72,386 | | | | 1,842,045 | |
Shares Redeemed | | | (2,022,499 | ) | | | (62,643,003 | ) | | | (2,381,438 | ) | | | (64,035,846 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,218,370 | ) | | | (37,909,936 | ) | | | (1,033 | ) | | | (885,191 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,247,746 | | | $ | 68,256,158 | | | | 4,555,617 | | | $ | 121,521,470 | |
Shares Issued for Reinvested Dividends | | | 221,366 | | | | 6,500,244 | | | | 76,727 | | | | 1,914,623 | |
Shares Redeemed | | | (2,532,507 | ) | | | (76,084,368 | ) | | | (3,012,271 | ) | | | (80,384,422 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (63,395 | ) | | | (1,327,966 | ) | | | 1,620,073 | | | | 43,051,671 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,801,311 | | | $ | 54,771,612 | | | | 3,299,315 | | | $ | 88,189,693 | |
Shares Issued for Reinvested Dividends | | | 145,967 | | | | 4,302,198 | | | | 19,786 | | | | 495,139 | |
Shares Redeemed | | | (1,253,498 | ) | | | (38,957,594 | ) | | | (547,508 | ) | | | (14,602,257 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 693,780 | | | | 20,116,216 | | | | 2,771,593 | | | | 74,082,575 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,788,002 | | | $ | 115,773,056 | | | | 6,810,460 | | | $ | 178,822,552 | |
Shares Issued for Reinvested Dividends | | | 189,251 | | | | 5,580,138 | | | | 183,198 | | | | 4,587,881 | |
Shares Redeemed | | | (2,029,036 | ) | | | (61,771,039 | ) | | | (13,499,651 | ) | | | (354,549,899 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,948,217 | | | | 59,582,155 | | | | (6,505,993 | ) | | | (171,139,466 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,595,725 | | | $ | 139,606,491 | | | | 23,060,446 | | | $ | 616,539,970 | |
Shares Issued for Reinvested Dividends | | | 773,606 | | | | 22,560,533 | | | | — | | | | — | |
Shares Redeemed | | | (4,825,438 | ) | | | (145,935,601 | ) | | | (2,624,299 | ) | | | (72,276,638 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 543,893 | | | | 16,231,423 | | | | 20,436,147 | | | | 544,263,332 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 3,020,069 | | | $ | 95,043,575 | | | | 13,268,156 | | | $ | 342,229,973 | |
| | | | | | | | | | | | | | | | |
|
| Dividend and Growth Fund | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 12,487,323 | | | $ | 326,156,465 | | | | 9,406,473 | | | $ | 239,603,744 | |
Shares Issued for Reinvested Dividends | | | 15,040,346 | | | | 388,531,155 | | | | 6,609,069 | | | | 165,504,244 | |
Shares Redeemed | | | (21,964,648 | ) | | | (577,481,273 | ) | | | (33,457,545 | ) | | | (853,350,313 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 156,717 | | | | 3,986,328 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,563,021 | | | | 137,206,347 | | | | (17,285,286 | ) | | | (444,255,997 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 6,611 | | | $ | 160,158 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 26,339 | | | | 640,073 | |
Shares Redeemed | | | — | | | | — | | | | (728,752 | ) | | | (18,177,973 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (159,746 | ) | | | (3,986,328 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (855,548 | ) | | | (21,364,070 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,045,131 | | | $ | 26,546,753 | | | | 1,526,866 | | | $ | 37,758,000 | |
Shares Issued for Reinvested Dividends | | | 1,845,692 | | | | 46,024,991 | | | | 733,319 | | | | 17,721,103 | |
Shares Redeemed | | | (10,581,892 | ) | | | (266,750,872 | ) | | | (4,560,902 | ) | | | (113,200,797 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (7,691,069 | ) | | | (194,179,128 | ) | | | (2,300,717 | ) | | | (57,721,694 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,212,320 | | | $ | 214,582,901 | | | | 22,711,325 | | | $ | 575,025,744 | |
Shares Issued for Reinvested Dividends | | | 3,244,516 | | | | 83,455,551 | | | | 3,509,936 | | | | 87,344,338 | |
Shares Redeemed | | | (6,587,672 | ) | | | (172,489,960 | ) | | | (73,965,598 | ) | | | (1,916,415,484 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,869,164 | | | | 125,548,492 | | | | (47,744,337 | ) | | | (1,254,045,402 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 521,930 | | | $ | 14,025,931 | | | | 476,879 | | | $ | 12,365,032 | |
Shares Issued for Reinvested Dividends | | | 307,181 | | | | 8,034,183 | | | | 129,613 | | | | 3,274,287 | |
Shares Redeemed | | | (806,690 | ) | | | (21,481,715 | ) | | | (1,171,747 | ) | | | (30,225,539 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 22,421 | | | | 578,399 | | | | (565,255 | ) | | | (14,586,220 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
|
| Dividend and Growth Fund – (continued) | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 961,975 | | | $ | 25,805,384 | | | | 1,048,989 | | | $ | 27,157,243 | |
Shares Issued for Reinvested Dividends | | | 431,814 | | | | 11,371,284 | | | | 189,657 | | | | 4,832,188 | |
Shares Redeemed | | | (1,459,422 | ) | | | (39,314,657 | ) | | | (1,859,423 | ) | | | (48,565,965 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (65,633 | ) | | | (2,137,989 | ) | | | (620,777 | ) | | | (16,576,534 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,346,568 | | | $ | 62,962,468 | | | | 1,670,231 | | | $ | 43,601,599 | |
Shares Issued for Reinvested Dividends | | | 192,818 | | | | 5,102,053 | | | | 74,807 | | | | 1,917,718 | |
Shares Redeemed | | | (1,674,914 | ) | | | (45,252,539 | ) | | | (1,371,926 | ) | | | (35,926,493 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 864,472 | | | | 22,811,982 | | | | 373,112 | | | | 9,592,824 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,017,132 | | | $ | 82,759,681 | | | | 308,471 | | | $ | 8,275,471 | |
Shares Issued for Reinvested Dividends | | | 80,479 | | | | 2,134,094 | | | | 7,374 | | | | 190,644 | |
Shares Redeemed | | | (639,176 | ) | | | (16,937,047 | ) | | | (48,898 | ) | | | (1,292,812 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,458,435 | | | | 67,956,728 | | | | 266,947 | | | | 7,173,303 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,731,729 | | | $ | 180,558,797 | | | | 5,294,644 | | | $ | 137,592,186 | |
Shares Issued for Reinvested Dividends | | | 2,507,887 | | | | 66,367,057 | | | | 2,550,115 | | | | 64,996,504 | |
Shares Redeemed | | | (7,326,785 | ) | | | (198,852,639 | ) | | | (47,201,188 | ) | | | (1,219,161,737 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,912,831 | | | | 48,073,215 | | | | (39,356,429 | ) | | | (1,016,573,047 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 14,299,165 | | | $ | 372,356,271 | | | | 101,125,809 | | | $ | 2,608,518,662 | |
Shares Issued for Reinvested Dividends | | | 11,425,655 | | | | 293,726,913 | | | | 538,488 | | | | 14,226,973 | |
Shares Redeemed | | | (18,153,837 | ) | | | (477,146,616 | ) | | | (7,589,523 | ) | | | (200,677,712 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 7,570,983 | | | | 188,936,568 | | | | 94,074,774 | | | | 2,422,067,923 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 15,504,625 | | | $ | 394,794,614 | | | | (14,013,516 | ) | | $ | (386,288,914 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Equity Income Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,054,185 | | | $ | 141,208,042 | | | | 8,403,580 | | | $ | 161,195,307 | |
Shares Issued for Reinvested Dividends | | | 5,387,109 | | | | 108,873,865 | | | | 4,285,070 | | | | 80,818,246 | |
Shares Redeemed | | | (16,310,108 | ) | | | (330,513,136 | ) | | | (24,327,550 | ) | | | (467,454,825 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 21,985 | | | | 423,077 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,868,814 | ) | | | (80,431,229 | ) | | | (11,616,915 | ) | | | (225,018,195 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 5,337 | | | $ | 100,412 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 13,448 | | | | 251,332 | |
Shares Redeemed | | | — | | | | — | | | | (381,867 | ) | | | (7,338,943 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (21,949 | ) | | | (423,077 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (385,031 | ) | | | (7,410,276 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,496,750 | | | $ | 30,142,193 | | | | 2,808,623 | | | $ | 53,538,119 | |
Shares Issued for Reinvested Dividends | | | 1,234,724 | | | | 24,850,317 | | | | 932,758 | | | | 17,411,255 | |
Shares Redeemed | | | (7,456,596 | ) | | | (148,401,415 | ) | | | (7,190,047 | ) | | | (138,047,727 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (4,725,122 | ) | | | (93,408,905 | ) | | | (3,448,666 | ) | | | (67,098,353 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 17,491,443 | | | $ | 350,784,723 | | | | 31,250,865 | | | $ | 595,058,009 | |
Shares Issued for Reinvested Dividends | | | 3,652,614 | | | | 73,362,106 | | | | 2,808,344 | | | | 52,835,318 | |
Shares Redeemed | | | (15,229,423 | ) | | | (305,556,437 | ) | | | (33,964,623 | ) | | | (659,327,896 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,914,634 | | | | 118,590,392 | | | | 94,586 | | | | (11,434,569 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 296,916 | | | $ | 5,984,389 | | | | 531,088 | | | $ | 10,210,060 | |
Shares Issued for Reinvested Dividends | | | 167,506 | | | | 3,391,169 | | | | 132,731 | | | | 2,499,715 | |
Shares Redeemed | | | (828,311 | ) | | | (16,803,967 | ) | | | (930,203 | ) | | | (17,912,523 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (363,889 | ) | | | (7,428,409 | ) | | | (266,384 | ) | | | (5,202,748 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 642,122 | | | $ | 13,016,169 | | | | 964,266 | | | $ | 18,489,393 | |
Shares Issued for Reinvested Dividends | | | 205,009 | | | | 4,153,860 | | | | 164,717 | | | | 3,115,559 | |
Shares Redeemed | | | (1,072,897 | ) | | | (21,756,093 | ) | | | (1,539,631 | ) | | | (30,095,419 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (225,766 | ) | | | (4,586,064 | ) | | | (410,648 | ) | | | (8,490,467 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Equity Income Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,070,828 | | | $ | 21,909,354 | | | | 1,701,067 | | | $ | 32,866,093 | |
Shares Issued for Reinvested Dividends | | | 237,336 | | | | 4,829,360 | | | | 167,094 | | | | 3,180,486 | |
Shares Redeemed | | | (1,231,998 | ) | | | (25,045,790 | ) | | | (1,479,877 | ) | | | (28,637,778 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 76,166 | | | | 1,692,924 | | | | 388,284 | | | | 7,408,801 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 624,797 | | | $ | 12,755,320 | | | | 715,110 | | | $ | 13,915,010 | |
Shares Issued for Reinvested Dividends | | | 109,860 | | | | 2,239,099 | | | | 48,750 | | | | 935,399 | |
Shares Redeemed | | | (355,527 | ) | | | (7,261,890 | ) | | | (160,586 | ) | | | (3,114,915 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 379,130 | | | | 7,732,529 | | | | 603,274 | | | | 11,735,494 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,235,467 | | | $ | 66,523,295 | | | | 3,778,525 | | | $ | 73,177,367 | |
Shares Issued for Reinvested Dividends | | | 473,849 | | | | 9,676,818 | | | | 927,390 | | | | 17,574,208 | |
Shares Redeemed | | | (3,349,092 | ) | | | (68,094,590 | ) | | | (19,204,433 | ) | | | (370,857,274 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 360,224 | | | | 8,105,523 | | | | (14,498,518 | ) | | | (280,105,699 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 11,490,117 | | | $ | 230,763,902 | | | | 36,866,158 | | | $ | 717,901,361 | |
Shares Issued for Reinvested Dividends | | | 2,529,103 | | | | 50,774,813 | | | | 219,018 | | | | 4,367,703 | |
Shares Redeemed | | | (6,712,436 | ) | | | (135,242,319 | ) | | | (4,234,308 | ) | | | (84,664,754 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 7,306,784 | | | | 146,296,396 | | | | 32,850,868 | | | | 637,604,310 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 4,853,347 | | | $ | 96,563,157 | | | | 3,310,850 | | | $ | 51,988,298 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Growth Opportunities Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,430,832 | | | $ | 258,227,081 | | | | 3,786,546 | | | $ | 152,275,039 | |
Shares Issued for Reinvested Dividends | | | 3,585,086 | | | | 153,656,799 | | | | 1,678,214 | | | | 60,969,478 | |
Shares Redeemed | | | (6,592,860 | ) | | | (310,460,365 | ) | | | (10,464,860 | ) | | | (415,353,408 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 39,130 | | | | 1,549,917 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,423,058 | | | | 101,423,515 | | | | (4,960,970 | ) | | | (200,558,974 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 2,876 | | | $ | 74,624 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 7,857 | | | | 191,007 | |
Shares Redeemed | | | — | | | | — | | | | (117,588 | ) | | | (3,098,656 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (58,564 | ) | | | (1,549,917 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (165,419 | ) | | | (4,382,942 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,202,102 | | | $ | 67,142,214 | | | | 1,902,689 | | | $ | 51,671,101 | |
Shares Issued for Reinvested Dividends | | | 1,594,478 | | | | 44,007,584 | | | | 707,455 | | | | 17,438,762 | |
Shares Redeemed | | | (6,076,031 | ) | | | (184,287,489 | ) | | | (5,516,994 | ) | | | (149,100,056 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,279,451 | ) | | | (73,137,691 | ) | | | (2,906,850 | ) | | | (79,990,193 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,710,241 | | | $ | 433,216,495 | | | | 15,194,160 | | | $ | 627,027,761 | |
Shares Issued for Reinvested Dividends | | | 2,290,426 | | | | 102,404,963 | | | | 1,326,210 | | | | 49,984,840 | |
Shares Redeemed | | | (8,315,111 | ) | | | (406,512,937 | ) | | | (28,586,698 | ) | | | (1,203,380,014 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,685,556 | | | | 129,108,521 | | | | (12,066,328 | ) | | | (526,367,413 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 234,644 | | | $ | 11,070,881 | | | | 320,461 | | | $ | 12,874,925 | |
Shares Issued for Reinvested Dividends | | | 87,601 | | | | 3,772,966 | | | | 42,995 | | | | 1,574,477 | |
Shares Redeemed | | | (325,309 | ) | | | (15,295,005 | ) | | | (575,554 | ) | | | (23,442,500 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,064 | ) | | | (451,158 | ) | | | (212,098 | ) | | | (8,993,098 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 228,630 | | | $ | 11,414,684 | | | | 385,791 | | | $ | 16,187,830 | |
Shares Issued for Reinvested Dividends | | | 129,500 | | | | 5,853,389 | | | | 59,832 | | | | 2,283,784 | |
Shares Redeemed | | | (398,588 | ) | | | (19,861,217 | ) | | | (596,058 | ) | | | (24,627,911 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (40,458 | ) | | | (2,593,144 | ) | | | (150,435 | ) | | | (6,156,297 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 135,790 | | | $ | 7,029,897 | | | | 201,223 | | | $ | 8,781,745 | |
Shares Issued for Reinvested Dividends | | | 27,599 | | | | 1,298,270 | | | | 7,360 | | | | 290,570 | |
Shares Redeemed | | | (101,488 | ) | | | (5,319,310 | ) | | | (242,717 | ) | | | (9,955,430 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 61,901 | | | | 3,008,857 | | | | (34,134 | ) | | | (883,115 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Growth Opportunities Fund – (continued) | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 157,464 | | | $ | 8,754,701 | | | | 87,020 | | | $ | 3,950,813 | |
Shares Issued for Reinvested Dividends | | | 8,512 | | | | 405,519 | | | | 1,106 | | | | 44,153 | |
Shares Redeemed | | | (19,778 | ) | | | (1,033,651 | ) | | | (21,525 | ) | | | (990,377 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 146,198 | | | | 8,126,569 | | | | 66,601 | | | | 3,004,589 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 928,873 | | | $ | 50,217,143 | | | | 1,117,085 | | | $ | 47,820,329 | |
Shares Issued for Reinvested Dividends | | | 163,706 | | | | 7,802,221 | | | | 199,509 | | | | 7,966,405 | |
Shares Redeemed | | | (651,865 | ) | | | (34,204,480 | ) | | | (4,865,340 | ) | | | (209,753,919 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 440,714 | | | | 23,814,884 | | | | (3,548,746 | ) | | | (153,967,185 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,463,128 | | | $ | 122,119,125 | | | | 13,955,194 | | | $ | 610,317,522 | |
Shares Issued for Reinvested Dividends | | | 1,101,002 | | | | 49,269,862 | | | | — | | | | — | |
Shares Redeemed | | | (8,053,486 | ) | | | (408,108,047 | ) | | | (1,112,423 | ) | | | (50,339,486 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (4,489,356 | ) | | | (236,719,060 | ) | | | 12,842,771 | | | | 559,978,036 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (1,054,902 | ) | | $ | (47,418,707 | ) | | | (11,135,608 | ) | | $ | (418,316,592 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Healthcare Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,816,061 | | | $ | 101,549,420 | | | | 3,074,854 | | | $ | 100,887,347 | |
Shares Issued for Reinvested Dividends | | | 1,019,295 | | | | 34,248,296 | | | | 2,347,488 | | | | 68,382,316 | |
Shares Redeemed | | | (4,495,546 | ) | | | (158,895,113 | ) | | | (9,393,281 | ) | | | (307,692,504 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 24,466 | | | | 796,183 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (660,190 | ) | | | (23,097,397 | ) | | | (3,946,473 | ) | | | (137,626,658 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 1,129 | | | $ | 29,236 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 8,049 | | | | 194,533 | |
Shares Redeemed | | | — | | | | — | | | | (58,076 | ) | | | (1,579,703 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (29,513 | ) | | | (796,183 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (78,411 | ) | | | (2,152,117 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 496,990 | | | $ | 14,452,310 | | | | 1,050,428 | | | $ | 28,789,815 | |
Shares Issued for Reinvested Dividends | | | 515,465 | | | | 14,185,595 | | | | 1,069,525 | | | | 25,989,463 | |
Shares Redeemed | | | (3,680,023 | ) | | | (107,962,485 | ) | | | (3,373,379 | ) | | | (91,836,342 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,667,568 | ) | | | (79,324,580 | ) | | | (1,253,426 | ) | | | (37,057,064 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,388,340 | | | $ | 126,092,031 | | | | 5,543,576 | | | $ | 194,876,518 | |
Shares Issued for Reinvested Dividends | | | 437,685 | | | | 15,410,892 | | | | 575,267 | | | | 17,470,853 | |
Shares Redeemed | | | (2,974,436 | ) | | | (110,211,280 | ) | | | (3,570,688 | ) | | | (120,202,602 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 851,589 | | | | 31,291,643 | | | | 2,548,155 | | | | 92,144,769 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 179,019 | | | $ | 6,531,072 | | | | 329,683 | | | $ | 11,316,377 | |
Shares Issued for Reinvested Dividends | | | 61,276 | | | | 2,120,778 | | | | 131,335 | | | | 3,947,936 | |
Shares Redeemed | | | (425,831 | ) | | | (15,473,486 | ) | | | (568,086 | ) | | | (19,214,710 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (185,536 | ) | | | (6,821,636 | ) | | | (107,068 | ) | | | (3,950,397 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 288,491 | | | $ | 11,080,389 | | | | 350,340 | | | $ | 12,572,614 | |
Shares Issued for Reinvested Dividends | | | 41,923 | | | | 1,520,963 | | | | 101,102 | | | | 3,168,538 | |
Shares Redeemed | | | (416,190 | ) | | | (15,933,796 | ) | | | (649,864 | ) | | | (22,817,530 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (85,776 | ) | | | (3,332,444 | ) | | | (198,422 | ) | | | (7,076,378 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 130,251 | | | $ | 5,340,435 | | | | 86,704 | | | $ | 3,274,565 | |
Shares Issued for Reinvested Dividends | | | 6,075 | | | | 229,927 | | | | 9,563 | | | | 311,079 | |
Shares Redeemed | | | (112,959 | ) | | | (4,488,405 | ) | | | (75,813 | ) | | | (2,749,264 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 23,367 | | | | 1,081,957 | | | | 20,454 | | | | 836,380 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 431,226 | | | $ | 17,308,437 | | | | 1,344,937 | | | $ | 50,839,290 | |
Shares Issued for Reinvested Dividends | | | 52,897 | | | | 2,024,914 | | | | 132,970 | | | | 4,369,410 | |
Shares Redeemed | | | (283,402 | ) | | | (11,401,142 | ) | | | (1,812,466 | ) | | | (71,708,676 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 200,721 | | | | 7,932,209 | | | | (334,559 | ) | | | (16,499,976 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Healthcare Fund – (continued) | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 450,646 | | | $ | 16,664,894 | | | | 1,709,750 | | | $ | 63,723,276 | |
Shares Issued for Reinvested Dividends | | | 86,244 | | | | 3,039,229 | | | | — | | | | — | |
Shares Redeemed | | | (128,688 | ) | | | (4,746,404 | ) | | | (16,854 | ) | | | (621,096 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 408,202 | | | | 14,957,719 | | | | 1,692,896 | | | | 63,102,180 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (2,115,191 | ) | | $ | (57,312,529 | ) | | | (1,656,854 | ) | | $ | (48,279,261 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| MidCap Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 15,229,089 | | | $ | 479,864,863 | | | | 13,697,861 | | | $ | 370,849,897 | |
Shares Issued for Reinvested Dividends | | | 3,795,999 | | | | 113,272,618 | | | | 2,511,944 | | | | 64,205,299 | |
Shares Redeemed | | | (14,462,445 | ) | | | (460,231,010 | ) | | | (18,730,943 | ) | | | (508,094,045 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 94,997 | | | | 2,574,498 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,562,643 | | | | 132,906,471 | | | | (2,426,141 | ) | | | (70,464,351 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 11,351 | | | $ | 219,440 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 38,251 | | | | 708,784 | |
Shares Redeemed | | | — | | | | — | | | | (864,193 | ) | | | (16,939,943 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (131,381 | ) | | | (2,574,498 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (945,972 | ) | | | (18,586,217 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,174,307 | | | $ | 145,020,804 | | | | 6,608,478 | | | $ | 134,048,058 | |
Shares Issued for Reinvested Dividends | | | 1,974,728 | | | | 43,246,546 | | | | 1,276,316 | | | | 24,518,038 | |
Shares Redeemed | | | (13,281,900 | ) | | | (303,779,827 | ) | | | (9,415,920 | ) | | | (192,766,826 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (5,132,865 | ) | | | (115,512,477 | ) | | | (1,531,126 | ) | | | (34,200,730 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 51,031,220 | | | $ | 1,672,961,497 | | | | 71,231,631 | | | $ | 1,972,759,538 | |
Shares Issued for Reinvested Dividends | | | 4,404,777 | | | | 134,962,369 | | | | 2,379,669 | | | | 62,204,544 | |
Shares Redeemed | | | (33,111,717 | ) | | | (1,073,279,042 | ) | | | (46,940,022 | ) | | | (1,327,210,662 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 22,324,280 | | | | 734,644,824 | | | | 26,671,278 | | | | 707,753,420 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,019,743 | | | $ | 35,935,089 | | | | 880,433 | | | $ | 26,778,547 | |
Shares Issued for Reinvested Dividends | | | 112,130 | | | | 3,722,725 | | | | 71,833 | | | | 2,040,045 | |
Shares Redeemed | | | (743,549 | ) | | | (26,222,686 | ) | | | (926,904 | ) | | | (28,010,282 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 388,324 | | | | 13,435,128 | | | | 25,362 | | | | 808,310 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,152,179 | | | $ | 116,185,148 | | | | 3,535,831 | | | $ | 111,752,961 | |
Shares Issued for Reinvested Dividends | | | 291,588 | | | | 10,027,716 | | | | 143,218 | | | | 4,193,429 | |
Shares Redeemed | | | (2,657,782 | ) | | | (97,308,099 | ) | | | (2,074,108 | ) | | | (64,808,643 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 785,985 | | | | 28,904,765 | | | | 1,604,941 | | | | 51,137,747 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,438,327 | | | $ | 205,456,983 | | | | 5,047,179 | | | $ | 164,141,302 | |
Shares Issued for Reinvested Dividends | | | 353,078 | | | | 12,442,452 | | | | 182,387 | | | | 5,451,117 | |
Shares Redeemed | | | (2,628,190 | ) | | | (98,094,631 | ) | | | (2,077,360 | ) | | | (66,613,294 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,163,215 | | | | 119,804,804 | | | | 3,152,206 | | | | 102,979,125 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 19,650,032 | | | $ | 747,342,388 | | | | 11,749,683 | | | $ | 393,959,257 | |
Shares Issued for Reinvested Dividends | | | 533,890 | | | | 18,985,122 | | | | 25,348 | | | | 763,492 | |
Shares Redeemed | | | (3,937,273 | ) | | | (149,786,078 | ) | | | (691,316 | ) | | | (23,217,389 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 16,246,649 | | | | 616,541,432 | | | | 11,083,715 | | | | 371,505,360 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 20,799,108 | | | $ | 797,758,811 | | | | 18,114,176 | | | $ | 581,578,429 | |
Shares Issued for Reinvested Dividends | | | 1,504,227 | | | | 53,460,224 | | | | 1,233,268 | | | | 37,146,030 | |
Shares Redeemed | | | (19,868,421 | ) | | | (736,585,618 | ) | | | (20,282,059 | ) | | | (650,749,214 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,434,914 | | | | 114,633,417 | | | | (934,615 | ) | | | (32,024,755 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 21,922,976 | | | $ | 713,934,685 | | | | 41,832,015 | | | $ | 1,185,184,129 | |
Shares Issued for Reinvested Dividends | | | 1,741,235 | | | | 53,403,678 | | | | — | | | | — | |
Shares Redeemed | | | (10,385,273 | ) | | | (339,921,754 | ) | | | (1,869,804 | ) | | | (55,225,730 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 13,278,938 | | | | 427,416,609 | | | | 39,962,211 | | | | 1,129,958,399 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 58,052,083 | | | $ | 2,072,774,973 | | | | 76,661,859 | | | $ | 2,208,866,308 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| MidCap Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,127,684 | | | $ | 48,813,047 | | | | 4,154,128 | | | $ | 61,296,764 | |
Shares Issued for Reinvested Dividends | | | 463,385 | | | | 7,173,200 | | | | 1,230,848 | | | | 17,736,292 | |
Shares Redeemed | | | (2,646,647 | ) | | | (41,733,967 | ) | | | (4,358,872 | ) | | | (64,279,058 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 17,268 | | | | 252,991 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 944,422 | | | | 14,252,280 | | | | 1,043,372 | | | | 15,006,989 | |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 3,033 | | | $ | 37,324 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 4,279 | | | | 51,900 | |
Shares Redeemed | | | — | | | | — | | | | (40,156 | ) | | | (496,814 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (20,548 | ) | | | (252,991 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (53,392 | ) | | | (660,581 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 222,446 | | | $ | 2,911,223 | | | | 435,278 | | | $ | 5,397,575 | |
Shares Issued for Reinvested Dividends | | | 80,495 | | | | 1,032,748 | | | | 239,720 | | | | 2,898,214 | |
Shares Redeemed | | | (1,534,250 | ) | | | (19,407,687 | ) | | | (971,515 | ) | | | (12,065,234 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,231,309 | ) | | | (15,463,716 | ) | | | (296,517 | ) | | | (3,769,445 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 552,664 | | | $ | 8,792,174 | | | | 7,668,101 | | | $ | 113,347,001 | |
Shares Issued for Reinvested Dividends | | | 66,767 | | | | 1,040,897 | | | | 537,204 | | | | 7,802,361 | |
Shares Redeemed | | | (1,015,843 | ) | | | (16,140,564 | ) | | | (11,348,437 | ) | | | (168,768,887 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (396,412 | ) | | | (6,307,493 | ) | | | (3,143,132 | ) | | | (47,619,525 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 75,953 | | | $ | 1,256,452 | | | | 177,173 | | | $ | 2,748,016 | |
Shares Issued for Reinvested Dividends | | | 16,486 | | | | 268,227 | | | | 46,905 | | | | 711,084 | |
Shares Redeemed | | | (192,290 | ) | | | (3,197,956 | ) | | | (273,623 | ) | | | (4,261,223 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (99,851 | ) | | | (1,673,277 | ) | | | (49,545 | ) | | | (802,123 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 124,104 | | | $ | 2,096,722 | | | | 161,482 | | | $ | 2,531,111 | |
Shares Issued for Reinvested Dividends | | | 16,176 | | | | 267,868 | | | | 50,007 | | | | 769,092 | |
Shares Redeemed | | | (149,407 | ) | | | (2,527,098 | ) | | | (358,311 | ) | | | (5,595,671 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (9,127 | ) | | | (162,508 | ) | | | (146,822 | ) | | | (2,295,468 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 105,272 | | | $ | 1,798,408 | | | | 442,137 | | | $ | 6,996,338 | |
Shares Issued for Reinvested Dividends | | | 11,409 | | | | 191,481 | | | | 30,139 | | | | 469,074 | |
Shares Redeemed | | | (281,733 | ) | | | (4,803,813 | ) | | | (448,120 | ) | | | (7,330,484 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (165,052 | ) | | | (2,813,924 | ) | | | 24,156 | | | | 134,928 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 348,742 | | | $ | 6,063,658 | | | | 908,779 | | | $ | 14,411,608 | |
Shares Issued for Reinvested Dividends | | | 41,401 | | | | 697,132 | | | | 344,028 | | | | 5,370,790 | |
Shares Redeemed | | | (1,348,747 | ) | | | (22,829,991 | ) | | | (4,881,032 | ) | | | (77,562,637 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (958,604 | ) | | | (16,069,201 | ) | | | (3,628,225 | ) | | | (57,780,239 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,696,887 | | | $ | 106,408,840 | | | | 17,748,783 | | | $ | 264,648,905 | |
Shares Issued for Reinvested Dividends | | | 441,070 | | | | 6,902,315 | | | | — | | | | — | |
Shares Redeemed | | | (5,066,647 | ) | | | (81,143,838 | ) | | | (2,602,305 | ) | | | (39,328,617 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,071,310 | | | | 32,167,317 | | | | 15,146,478 | | | | 225,320,288 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 155,377 | | | $ | 3,929,478 | | | | 8,896,373 | | | $ | 127,534,824 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Quality Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 505,087 | | | $ | 10,381,769 | | | | 740,990 | | | $ | 14,477,157 | |
Shares Issued for Reinvested Dividends | | | 401,915 | | | | 8,210,264 | | | | 147,708 | | | | 2,849,514 | |
Shares Redeemed | | | (1,478,660 | ) | | | (30,431,153 | ) | | | (2,564,249 | ) | | | (50,412,115 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 11,584 | | | | 226,808 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (571,658 | ) | | | (11,839,120 | ) | | | (1,663,967 | ) | | | (32,858,636 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Quality Value Fund – (continued) | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 199 | | | $ | 3,376 | |
Shares Issued for Reinvested Dividends | | | — | | | | — | | | | 315 | | | | 5,331 | |
Shares Redeemed | | | — | | | | — | | | | (31,546 | ) | | | (541,218 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (13,222 | ) | | | (226,808 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (44,254 | ) | | | (759,319 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 54,734 | | | $ | 966,801 | | | | 100,952 | | | $ | 1,707,157 | |
Shares Issued for Reinvested Dividends | | | 50,041 | | | | 876,084 | | | | 13,295 | | | | 222,182 | |
Shares Redeemed | | | (723,415 | ) | | | (12,761,532 | ) | | | (396,747 | ) | | | (6,787,375 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (618,640 | ) | | | (10,918,647 | ) | | | (282,500 | ) | | | (4,858,036 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 119,419 | | | $ | 2,435,718 | | | | 849,351 | | | $ | 16,387,611 | |
Shares Issued for Reinvested Dividends | | | 28,248 | | | | 569,900 | | | | 17,965 | | | | 341,942 | |
Shares Redeemed | | | (260,204 | ) | | | (5,290,718 | ) | | | (1,177,438 | ) | | | (22,883,629 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (112,537 | ) | | | (2,285,100 | ) | | | (310,122 | ) | | | (6,154,076 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,767 | | | $ | 161,342 | | | | 20,088 | | | $ | 395,021 | |
Shares Issued for Reinvested Dividends | | | 2,430 | | | | 50,174 | | | | 1,578 | | | | 30,815 | |
Shares Redeemed | | | (27,123 | ) | | | (563,901 | ) | | | (105,280 | ) | | | (2,092,530 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (16,926 | ) | | | (352,385 | ) | | | (83,614 | ) | | | (1,666,694 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 58,437 | | | $ | 1,239,154 | | | | 84,984 | | | $ | 1,703,670 | |
Shares Issued for Reinvested Dividends | | | 14,925 | | | | 312,076 | | | | 5,048 | | | | 99,579 | |
Shares Redeemed | | | (140,160 | ) | | | (2,976,078 | ) | | | (205,285 | ) | | | (4,198,871 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (66,798 | ) | | | (1,424,848 | ) | | | (115,253 | ) | | | (2,395,622 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 24,598 | | | $ | 514,350 | | | | 3,417 | | | $ | 68,429 | |
Shares Issued for Reinvested Dividends | | | 1,109 | | | | 23,373 | | | | 1,824 | | | | 36,215 | |
Shares Redeemed | | | (24,077 | ) | | | (525,126 | ) | | | (92,022 | ) | | | (1,870,015 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,630 | | | | 12,597 | | | | (86,781 | ) | | | (1,765,371 | ) |
| | | | | | | | | | | | | | | | |
Class R6(3) | | | | | | | | | | | | | | | | |
Shares Sold | | | 476 | | | $ | 10,000 | | | | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 476 | | | | 10,000 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 30,977 | | | $ | 668,736 | | | | 23,452 | | | $ | 478,821 | |
Shares Issued for Reinvested Dividends | | | 2,536 | | | | 53,600 | | | | 872 | | | | 17,344 | |
Shares Redeemed | | | (54,129 | ) | | | (1,132,320 | ) | | | (20,279 | ) | | | (418,554 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (20,616 | ) | | | (409,984 | ) | | | 4,045 | | | | 77,611 | |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,026,210 | | | $ | 82,806,066 | | | | 637,440 | | | $ | 12,493,812 | |
Shares Issued for Reinvested Dividends | | | 113,052 | | | | 2,280,455 | | | | — | | | | — | |
Shares Redeemed | | | (264,077 | ) | | | (5,415,483 | ) | | | (43,736 | ) | | | (870,521 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,875,185 | | | | 79,671,038 | | | | 593,704 | | | | 11,623,291 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 2,470,116 | | | $ | 52,463,551 | | | | (1,988,742 | ) | | $ | (38,756,852 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Small Cap Core Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 501,586 | | | $ | 7,095,178 | | | | 603,467 | | | $ | 7,986,312 | |
Shares Issued for Reinvested Dividends | | | 167,649 | | | | 2,291,007 | | | | 31,473 | | | | 413,874 | |
Shares Redeemed | | | (584,728 | ) | | | (8,306,972 | ) | | | (904,594 | ) | | | (11,990,349 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 24,211 | | | | 320,549 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 84,507 | | | | 1,079,213 | | | | (245,443 | ) | | | (3,269,614 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 1,728 | | | $ | 21,326 | |
Shares Redeemed | | | — | | | | — | | | | (50,117 | ) | | | (613,352 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (26,012 | ) | | | (320,549 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (74,401 | ) | | | (912,575 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Small Cap Core Fund – (continued) | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 65,529 | | | $ | 865,667 | | | | 155,494 | | | $ | 1,884,290 | |
Shares Issued for Reinvested Dividends | | | 40,074 | | | | 497,721 | | | | 1,705 | | | | 20,614 | |
Shares Redeemed | | | (442,129 | ) | | | (5,637,431 | ) | | | (282,619 | ) | | | (3,440,589 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (336,526 | ) | | | (4,274,043 | ) | | | (125,420 | ) | | | (1,535,685 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 114,901 | | | $ | 1,655,287 | | | | 209,790 | | | $ | 2,773,800 | |
Shares Issued for Reinvested Dividends | | | 10,068 | | | | 137,932 | | | | 2,520 | | | | 33,089 | |
Shares Redeemed | | | (78,404 | ) | | | (1,122,083 | ) | | | (207,226 | ) | | | (2,719,085 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 46,565 | | | | 671,136 | | | | 5,084 | | | | 87,804 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 21,367 | | | $ | 312,233 | | | | 38,613 | | | $ | 522,043 | |
Shares Issued for Reinvested Dividends | | | 1,103 | | | | 15,477 | | | | 332 | | | | 4,489 | |
Shares Redeemed | | | (34,579 | ) | | | (501,272 | ) | | | (50,928 | ) | | | (696,323 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (12,109 | ) | | | (173,562 | ) | | | (11,983 | ) | | | (169,791 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 900 | | | $ | 13,135 | | | | 5,133 | | | $ | 69,769 | |
Shares Issued for Reinvested Dividends | | | 114 | | | | 1,619 | | | | 31 | | | | 424 | |
Shares Redeemed | | | (5,359 | ) | | | (80,859 | ) | | | (19,791 | ) | | | (270,731 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (4,345 | ) | | | (66,105 | ) | | | (14,627 | ) | | | (200,538 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 144 | | | $ | 2,044 | | | | 40 | | | $ | 538 | |
Shares Redeemed | | | (649 | ) | | | (9,287 | ) | | | (722 | ) | | | (9,853 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (505 | ) | | | (7,243 | ) | | | (682 | ) | | | (9,315 | ) |
| | | | | | | | | | | | | | | | |
Class R6(3) | | | | | | | | | | | | | | | | |
Shares Sold | | | 715 | | | $ | 10,000 | | | | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 715 | | | | 10,000 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,238 | | | $ | 47,858 | | | | 21,281 | | | $ | 291,830 | |
Shares Issued for Reinvested Dividends | | | 4,305 | | | | 61,224 | | | | 90,273 | | | | 1,227,713 | |
Shares Redeemed | | | (46,582 | ) | | | (673,505 | ) | | | (9,199,056 | ) | | | (124,660,345 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (39,039 | ) | | | (564,423 | ) | | | (9,087,502 | ) | | | (123,140,802 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 58,899 | | | $ | 834,996 | | | | 7,809,069 | | | $ | 102,078,229 | |
Shares Issued for Reinvested Dividends | | | 301,115 | | | | 4,128,469 | | | | — | | | | — | |
Shares Redeemed | | | (3,698,310 | ) | | | (52,129,544 | ) | | | (1,686,931 | ) | | | (22,569,363 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,338,296 | ) | | | (47,166,079 | ) | | | 6,122,138 | | | | 79,508,866 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (3,599,033 | ) | | $ | (50,491,106 | ) | | | (3,432,836 | ) | | $ | (49,641,650 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Small Cap Growth Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 211,044 | | | $ | 12,246,181 | | | | 100,620 | | | $ | 5,180,193 | |
Shares Issued for Reinvested Dividends | | | 181,627 | | | | 10,053,030 | | | | 26,841 | | | | 1,327,268 | |
Shares Redeemed | | | (478,877 | ) | | | (28,211,959 | ) | | | (804,016 | ) | | | (41,597,654 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 7,156 | | | | 367,725 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (86,206 | ) | | | (5,912,748 | ) | | | (669,399 | ) | | | (34,722,468 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | — | | | $ | — | | | | 122 | | | $ | 4,725 | |
Shares Redeemed | | | — | | | | — | | | | (8,259 | ) | | | (333,556 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (9,147 | ) | | | (367,725 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (17,284 | ) | | | (696,556 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,189 | | | $ | 821,537 | | | | 27,810 | | | $ | 1,120,166 | |
Shares Issued for Reinvested Dividends | | | 50,584 | | | | 2,132,627 | | | | 7,807 | | | | 300,558 | |
Shares Redeemed | | | (338,387 | ) | | | (14,918,173 | ) | | | (297,822 | ) | | | (11,918,718 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (269,614 | ) | | | (11,964,009 | ) | | | (262,205 | ) | | | (10,497,994 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,423,742 | | | $ | 86,221,035 | | | | 5,453,731 | | | $ | 299,210,797 | |
Shares Issued for Reinvested Dividends | | | 342,617 | | | | 19,573,702 | | | | 16,891 | | | | 858,892 | |
Shares Redeemed | | | (4,791,619 | ) | | | (295,297,396 | ) | | | (1,193,851 | ) | | | (63,798,790 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,025,260 | ) | | | (189,502,659 | ) | | | 4,276,771 | | | | 236,270,899 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Small Cap Growth Fund – (continued) | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 59,892 | | | $ | 3,502,644 | | | | 58,580 | | | $ | 3,036,375 | |
Shares Issued for Reinvested Dividends | | | 9,890 | | | | 543,634 | | | | 1,359 | | | | 66,948 | |
Shares Redeemed | | | (81,883 | ) | | | (4,842,381 | ) | | | (92,422 | ) | | | (4,735,061 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (12,101 | ) | | | (796,103 | ) | | | (32,483 | ) | | | (1,631,738 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 364,952 | | | $ | 22,208,659 | | | | 313,584 | | | $ | 16,719,576 | |
Shares Issued for Reinvested Dividends | | | 47,349 | | | | 2,704,153 | | | | 6,795 | | | | 346,216 | |
Shares Redeemed | | | (493,751 | ) | | | (30,080,314 | ) | | | (470,437 | ) | | | (25,234,337 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (81,450 | ) | | | (5,167,502 | ) | | | (150,058 | ) | | | (8,168,545 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 347,713 | | | $ | 21,980,130 | | | | 447,938 | | | $ | 24,812,770 | |
Shares Issued for Reinvested Dividends | | | 76,411 | | | | 4,542,635 | | | | 11,272 | | | | 594,913 | |
Shares Redeemed | | | (767,974 | ) | | | (48,541,480 | ) | | | (670,155 | ) | | | (36,975,735 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (343,850 | ) | | | (22,018,715 | ) | | | (210,945 | ) | | | (11,568,052 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 686,094 | | | $ | 43,112,203 | | | | 106,553 | | | $ | 6,160,560 | |
Shares Issued for Reinvested Dividends | | | 8,749 | | | | 525,615 | | | | 490 | | | | 26,101 | |
Shares Redeemed | | | (130,097 | ) | | | (8,374,078 | ) | | | (20,716 | ) | | | (1,157,686 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 564,746 | | | | 35,263,740 | | | | 86,327 | | | | 5,028,975 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,232,771 | | | $ | 79,909,898 | | | | 2,205,196 | | | $ | 126,004,854 | |
Shares Issued for Reinvested Dividends | | | 270,638 | | | | 16,276,162 | | | | 33,845 | | | | 1,804,980 | |
Shares Redeemed | | | (1,530,091 | ) | | | (96,766,636 | ) | | | (2,314,871 | ) | | | (128,364,257 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (26,682 | ) | | | (580,576 | ) | | | (75,830 | ) | | | (554,423 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 169,138 | | | $ | 10,226,392 | | | | 1,204,782 | | | $ | 64,154,318 | |
Shares Issued for Reinvested Dividends | | | 32,992 | | | | 1,887,827 | | | | — | | | | — | |
Shares Redeemed | | | (167,224 | ) | | | (10,322,892 | ) | | | (402,000 | ) | | | (22,598,067 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 34,906 | | | | 1,791,327 | | | | 802,782 | | | | 41,556,251 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (3,245,511 | ) | | $ | (198,887,245 | ) | | | 3,747,676 | | | $ | 215,016,349 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Small Company Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,270,419 | | | $ | 52,377,812 | | | | 1,966,446 | | | $ | 35,474,634 | |
Shares Redeemed | | | (1,882,550 | ) | | | (42,324,435 | ) | | | (6,261,787 | ) | | | (110,500,761 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | 16,712 | | | | 298,785 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 387,869 | | | | 10,053,377 | | | | (4,278,629 | ) | | | (74,727,342 | ) |
| | | | | | | | | | | | | | | | |
Class B(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 447 | | | $ | 5,791 | |
Shares Redeemed | | | — | | | | — | | | | (51,933 | ) | | | (683,587 | ) |
Shares converted (from) Class B into Class A | | | — | | | | — | | | | (22,710 | ) | | | (298,785 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | — | | | | — | | | | (74,196 | ) | | | (976,581 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 161,175 | | | $ | 2,756,489 | | | | 140,709 | | | $ | 1,850,290 | |
Shares Redeemed | | | (1,216,758 | ) | | | (20,246,713 | ) | | | (562,765 | ) | | | (7,472,545 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,055,583 | ) | | | (17,490,224 | ) | | | (422,056 | ) | | | (5,622,255 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 281,342 | | | $ | 6,659,139 | | | | 3,320,787 | | | $ | 61,901,911 | |
Shares Redeemed | | | (374,450 | ) | | | (8,896,291 | ) | | | (4,551,187 | ) | | | (87,638,838 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (93,108 | ) | | | (2,237,152 | ) | | | (1,230,400 | ) | | | (25,736,927 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 110,367 | | | $ | 2,749,385 | | | | 160,921 | | | $ | 3,168,983 | |
Shares Redeemed | | | (514,678 | ) | | | (12,245,254 | ) | | | (811,923 | ) | | | (16,507,208 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (404,311 | ) | | | (9,495,869 | ) | | | (651,002 | ) | | | (13,338,225 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 121,401 | | | $ | 3,118,999 | | | | 204,560 | | | $ | 4,233,718 | |
Shares Redeemed | | | (513,859 | ) | | | (13,147,683 | ) | | | (762,765 | ) | | | (16,070,712 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (392,458 | ) | | | (10,028,684 | ) | | | (558,205 | ) | | | (11,836,994 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Small Company Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 47,038 | | | $ | 1,261,080 | | | | 54,051 | | | $ | 1,152,007 | |
Shares Redeemed | | | (80,902 | ) | | | (2,111,795 | ) | | | (202,264 | ) | | | (4,423,749 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (33,864 | ) | | | (850,715 | ) | | | (148,213 | ) | | | (3,271,742 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,290 | | | $ | 101,310 | | | | 2,693 | | | $ | 62,566 | |
Shares Redeemed | | | (1,132 | ) | | | (30,923 | ) | | | (6 | ) | | | (150 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,158 | | | | 70,387 | | | | 2,687 | | | | 62,416 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 239,418 | | | $ | 6,832,724 | | | | 234,876 | | | $ | 5,126,932 | |
Shares Redeemed | | | (271,716 | ) | | | (7,590,782 | ) | | | (4,088,378 | ) | | | (89,018,580 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (32,298 | ) | | | (758,058 | ) | | | (3,853,502 | ) | | | (83,891,648 | ) |
| | | | | | | | | | | | | | | | |
Class F(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,020,773 | | | $ | 47,724,426 | | | | 3,973,412 | | | $ | 77,874,954 | |
Shares Redeemed | | | (922,181 | ) | | | (22,313,407 | ) | | | (130,794 | ) | | | (2,675,069 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,098,592 | | | | 25,411,019 | | | | 3,842,618 | | | | 75,199,885 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (523,003 | ) | | $ | (5,325,919 | ) | | | (7,370,898 | ) | | $ | (144,139,413 | ) |
| | | | | | | | | | | | | | | | |
| | (1) | Any remaining Class B shares converted to Class A shares on September 19, 2017. |
| | (2) | Inception date of class was February 28, 2017. |
| | (3) | Inception date of class was February 28, 2018. |
Each Fund participates in a committed line of credit pursuant to a credit agreement. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $400 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated to each of the funds participating in the line of credit based on average net assets of the funds. During and as of the year ended October 31, 2018, none of the Funds had borrowings under this facility.
Under each Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, each Company, on behalf of its respective Funds, may enter into contracts that contain a variety of indemnifications. Each Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, each Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
| 14. | Recent Accounting Pronouncement: |
The FASB recently issued ASU 2017-08 (the “ASU” or “Update”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU becomes effective for public entities for fiscal years beginning after December 15, 2018, and for private entities one year later. Management is currently evaluating the implication, if any, of additional disclosure and its impact on the Funds’ financial statements.
In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.
ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, however, an entity is permitted to early adopt either the entire standard or only the provisions that eliminate or modify requirements. Management has elected to early adopt the provisions of ASU 2018-13 that eliminate disclosure requirements effective with the current reporting period. The impact of the Funds’ early adoption of these provisions was limited to changes in the Funds’ financial statement disclosures regarding fair value, primarily those disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy and the timing of transfers between levels of the fair value hierarchy. Management is currently evaluating the potential impact of adopting the additional provisions of ASU 2018-13.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2018
In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2018, events and transactions subsequent to October 31, 2018, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure. The following subsequent event requiring financial statement disclosure has been identified.
Effective November 1, 2018, the Small Cap Core Fund changed its name (now known as Hartford Small Cap Value Fund), principal investment strategy, portfolio manager and benchmark. The information in this report is as of October 31, 2018 and therefore, does not reflect any of these changes. For more information, please see the Small Cap Core Fund’s most recent prospectus.
|
| Report of Independent Registered Public Accounting Firm |
To the Shareholders of
The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Quality Value Fund, Hartford Small Cap Core Fund, The Hartford Small Cap Growth Fund, The Hartford Small Company Fund and the Board of Directors of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc.
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Small Cap Core Fund and The Hartford Small Company Fund (nine of the funds constituting The Hartford Mutual Funds, Inc.), and The Hartford Growth Opportunities Fund, Hartford Quality Value Fund and The Hartford Small Cap Growth Fund (three of the funds constituting The Hartford Mutual Funds II, Inc.) (all funds listed above collectively referred to as the “Funds”) (The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. collectively referred to as the “Companies”), including the schedules of investments, as of October 31, 2018, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (nine of the funds constituting The Hartford Mutual Funds, Inc. and three of the funds constituting The Hartford Mutual Funds II, Inc.) at October 31, 2018, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Companies’ management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Companies in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Companies are not required to have, nor were we engaged to perform, audits of the Companies’ internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Companies’ internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2018, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more Hartford investment companies since 2002.
Philadelphia, Pennsylvania
December 28, 2018
|
| Hartford Domestic Equity Funds |
Directors and Officers (Unaudited)
Each of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each a, “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of each Company as of October 31, 2018. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
EACH COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| NON-INTERESTED DIRECTORS |
| | | | | |
HILARY E. ACKERMANN (1956) | | Director | | Since 2014 | | Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011. Ms. Ackermann has served as a Director of Vistra Energy Corporation, formerly known as Dynegy, Inc. (an independent power company) since October 2012 and as a Director of Credit Suisse Holdings (USA), Inc. since January 2017. | | 83 | | None |
| | | | | |
ROBIN C. BEERY (1967) | | Director | | Since 2017 | | Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014. | | 83 | | Ms. Beery serves as a Director of UMB Financial Corporation (January 2015 to present). |
| | | | | |
LYNN S. BIRDSONG (1946) | | Director | | Since 2003 | | Mr. Birdsong currently serves as a Director of Aberdeen Global and Aberdeen Global II (investment funds) (since September 2014), Aberdeen Islamic SICAV and Aberdeen Liquidity Fund (investment funds) (since 2016), and Aberdeen Alpha Fund (since December 2017). Mr. Birdsong served as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to February 2015) and as a Director of the Sovereign High Yield Investment Company (April 2010 to June 2014). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. | | 83 | | None |
| | | | | |
CHRISTINE R. DETRICK (1958) | | Director | | Since 2016 | | Ms. Detrick has served as a Director of Reinsurance Group of America since January 2014. Previously, she was a director of Forest City Realty Trust (a real estate company) from November 2014 to March 2018, a Director of Forethought Financial Group, Inc. (a financial services company) from January 2012 to January 2014, and a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012. | | 83 | | None |
| | | | | |
DUANE E. HILL (1945) | | Director | | Since 2001(4) Since 2002(5) | | Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies. | | 83 | | None |
|
| Hartford Domestic Equity Funds |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
EACH COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| | | | | |
WILLIAM P. JOHNSTON (1944) | | Director and Chairman of the Board | | Director since 2005 and Chairman of the Board since 2015 | | In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served until June 2013. In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. and served until July 2018. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director until August 2010. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman. | | 83 | | None |
| | | | | |
PHILLIP O. PETERSON (1944) | | Director | | Since 2002(4) Since 2000(5) | | Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. From February 2007 to February 2018, Mr. Peterson served as a member of the Board of Trustees of the William Blair Funds. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds. | | 83 | | None |
| | | | | |
LEMMA W. SENBET (1946) | | Director | | Since 2005 | | Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, and previously was the Founding Director, Center for Financial Policy, in the Robert H. Smith School of Business at the University of Maryland. He was chair of the Finance Department Robert H. Smith School of Business at the University of Maryland from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service. | | 83 | | None |
| | | | | |
DAVID SUNG (1953) | | Director | | Since 2017 | | Mr. Sung has served as a Director of Nippon Wealth Bank since April 2015 and CITIC-Prudential Fund Management Company, Inc. since January 2016. Mr. Sung is an Independent Director of seven investment funds, including two closed-end registered investment companies, sponsored by Ironwood Capital Management. Previously, he was a Partner at Ernst & Young LLP from October 1995 to July 2014. | | 83 | | Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present) (2 portfolios). |
|
| Hartford Domestic Equity Funds |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
EACH COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
|
| OFFICERS AND INTERESTED DIRECTORS |
| | | | | |
JAMES E. DAVEY(6) (1964) | | Director, President and Chief Executive Officer | | President and Chief Executive Officer since 2010; Director since 2012 | | Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Additionally, Mr. Davey serves as Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”), and Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as Manager, Chairman of the Board, and President of Lattice Strategies LLC (since July 2016). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002. | | 83 | | None |
| | | | | |
ANDREW S. DECKER (1963) | | AML Compliance Officer | | Since 2015 | | Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015. Mr. Decker served as AML Compliance and Sanctions Enforcement Officer at SEI Investments from December 2007 to April 2011. | | N/A | | N/A |
| | | | | |
AMY N. FURLONG (1979) | | Vice President and Treasurer | | Since 2018 | | Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004. Prior to joining The Hartford, Ms. Furlong worked at KPMG LLP in audit services. | | N/A | | N/A |
| | | | | |
WALTER F. GARGER (1965) | | Vice President and Chief Legal Officer | | Since 2016 | | Mr. Garger serves as Secretary, Managing Director and General Counsel of HFD, HASCO, HFMC and HFMG (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice Strategies LLC (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995. | | N/A | | N/A |
| | | | | |
ALBERT Y. LEE (1979) | | Vice President and Assistant Treasurer | | Since 2017 | | Mr. Lee serves as Head of Systemic Strategies and ETF Operations and Senior Vice President of HFMG (since July 2016). Mr. Lee also serves as Senior Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lee served as Managing Director and Chief Operating Officer, Lattice Strategies LLC (2009 – 2016); Chief Operating Officer at Avicenna Capital Management (2007 – 2009); and Chief Financial Officer at Steeple Capital LP (2005 – 2007). | | N/A | | N/A |
| | | | | |
THEODORE J. LUCAS (1966) | | Vice President | | Since 2017 | | Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice Strategies LLC (2003 to 2016). | | N/A | | N/A |
|
| Hartford Domestic Equity Funds |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
EACH COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| | | | | |
JOSEPH G. MELCHER (1973) | | Vice President and Chief Compliance Officer | | Since 2013 | | Mr. Melcher serves as President (since April 2018), Chief Executive Officer (since April 2018) and Executive Vice President (since December 2013) of HFD. He also serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC. Mr. Melcher also serves as Executive Vice President and Chief Compliance Officer of Lattice Strategies, LLC (since July 2016). Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010. | | N/A | | N/A |
| | | | | |
VERNON J. MEYER (1964) | | Vice President | | Since 2006 | | Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
ALICE A. PELLEGRINO (1960) | | Vice President | | Since 2016 | | Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice Strategies LLC (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007. | | N/A | | N/A |
| | | | | |
THOMAS R. PHILLIPS (1960) | | Vice President and Secretary | | Since 2017 | | Mr. Phillips currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Mr. Phillips is a Senior Counsel for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014 – 2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC. | | N/A | | N/A |
| | | | | |
LAURA S. QUADE (1969) | | Vice President | | Since 2012 | | Ms. Quade currently serves as Vice President of HASCO and is the Head of Operations of HASCO. Ms. Quade also serves as Vice President of HFD and HFMG (since December 2013). From February 2018 to May 14, 2018, Ms. Quade served as Treasurer of each Company. Formerly, Ms. Quade served as Director, Enterprise Operations of Hartford Life Insurance Company from April 2012 through December 2013. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001. | | N/A | | N/A |
| (1) | The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, PA 19087. |
| (2) | Each Director holds an indefinite term until the earlier of (i) the election and qualification of his or her successor or (ii) when the Director turns 75 years of age. Each officer shall serve until his or her successor is elected and qualifies. |
| (3) | The portfolios of the “Fund Complex” are series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Hartford Funds Master Fund, Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Funds NextShares Trust. |
| (4) | For The Hartford Mutual Funds, Inc. |
| (5) | For The Hartford Mutual Funds II, Inc. |
| (6) | “Interested person,” as defined in the 1940 Act, of each Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies. |
|
| Hartford Domestic Equity Funds |
HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
Each Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Each Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc.
The Hartford Capital Appreciation Fund
Hartford Core Equity Fund
The Hartford Dividend and Growth Fund
The Hartford Equity Income Fund
The Hartford Growth Opportunities Fund
The Hartford Healthcare Fund
The Hartford MidCap Fund
The Hartford MidCap Value Fund
Hartford Quality Value Fund
Hartford Small Cap Core Fund (Effective November 1, 2018, the Fund’s name changed to Hartford Small Cap Value Fund.)
The Hartford Small Cap Growth Fund
The Hartford Small Company Fund
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At their meeting held on August 7-8, 2018, the Boards of Directors (collectively, the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”) and The Hartford Mutual Funds II, Inc. (“HMF II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement (the “Management Agreement”) by and between HMF and HMF II, on behalf of each of their respective funds listed above (each a “Fund” and collectively, the “Funds”) except for The Hartford Healthcare Fund and The Hartford Small Company Fund, and Hartford Funds Management Company, LLC (“HFMC”); (ii) the continuation of a separate investment management agreement by and between HMF, on behalf of The Hartford Healthcare Fund and The Hartford Small Company Fund, and HFMC (the “2013 Investment Management Agreement” and collectively with the Management Agreement, the “Management Agreements”); and (iii) the continuation of investment sub-advisory agreements (each, a “Sub-Advisory Agreement” and collectively with the Management Agreements, the “Agreements”) between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”), on behalf of each of HMF and HMF II, as applicable.
In the months preceding the August 7-8, 2018 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the approval of the Agreements that was presented at the Board’s meetings held on June 19-20, 2018 and August 7-8, 2018. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The Board also considered the materials and in-person presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 19-20, 2018 and August 7-8, 2018 concerning the Agreements.
The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, transfer agency and other non-management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s management fees, transfer agency and other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreements.
In determining whether to continue the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements and, throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford Funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford Funds.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act, as well as the efforts of the Advisers to combat cybersecurity risks and invest in business continuity planning.
With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC and not delegated to or assumed by the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or investment strategies of the Hartford Funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford Funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.
With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Funds, subject to oversight by HFMC, the Board considered, among other things, the quality of the Sub-adviser’s investment personnel, its investment philosophy and process, its investment research capabilities and resources, its performance record, its trade execution capabilities and its experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s).
The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including, with respect to certain share classes, the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in a Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford Funds with a broad range of investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring new funds to expand these opportunities for shareholders.
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and the Sub-adviser.
Performance of each Fund and the Advisers
The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group (if available), various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the Agreements. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.
Costs of the Services and Profitability of the Advisers
The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees would be paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.
The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreements, including a description of the methodology used to allocate certain expenses. The Board noted the Consultant’s view that HFMC’s process for calculating and reporting Fund profitability is reasonable and consistent with the process previously reviewed by the Consultant. In this regard, the Board noted that the Consultant had previously performed a full review of this process and reported that such process is sound and consistent with common industry practice.
Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Funds would not be excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered the comparative information that had been provided at meetings on June 19-20, 2018 and August 7-8, 2018 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and overall expense ratios relative to an appropriate group of funds selected by Broadridge, in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.
While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to each Fund’s fees and total operating expenses.
The Board noted that HFMC had no other clients with investment strategies similar to those of the Funds. The Board received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered any differences between the Sub-adviser’s services to the Funds and the services it provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.
Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.
Economies of Scale
The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates and pricing the Funds to scale at inception are other means of sharing potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds have grown over time, including through lower operating expenses. The Board also noted that, for the Hartford Small Cap Core Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
The Board reviewed and evaluated materials from Broadridge and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Broadridge, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in each Fund’s assets and the appropriateness of additional breakpoints or other methods to share benefits from economies of scale.
Other Benefits
The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.
The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on profits to HFMC for such services. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, based on a fee structure approved by the Board at its August 2017 meeting and implemented at the commencement of the fiscal year on November 1, 2017. The Board noted that, under this fee structure, the Funds pay HASCO a fee equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF and HMF II, on behalf of their respective Funds, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. As principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.
The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research.
Fund-by-Fund Factors
For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its benchmark reflects the Fund’s gross performance.
The Hartford Capital Appreciation Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, below its benchmark for the 3-year period and in line with its benchmark for the 5-year period. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy. The Board also noted upcoming changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. |
Hartford Core Equity Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1- and 5-year periods and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. |
| • | | The Board noted that the Fund’s contractual management fee, its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. |
The Hartford Dividend and Growth Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 1st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. |
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. |
The Hartford Equity Income Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board noted upcoming changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. |
The Hartford Growth Opportunities Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 3-year periods and the 1st quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile of its expense group. |
The Hartford Healthcare Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 5-year periods and the 1st quintile for the 3-year period The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, in line with its benchmark for the 3-year period and above its benchmark for the 5-year period. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. |
The Hartford MidCap Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 1st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class I Shares of the Fund have a contractual transfer agency fee cap of 0.12%, which resulted in HASCO reimbursing the Fund for certain expenses. |
The Hartford MidCap Value Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 5-year periods and below its benchmark for the 3-year period. The Board noted upcoming changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. |
Hartford Quality Value Fund
| • | | The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 5-year periods and the 4th quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. The Board also noted that certain changes had recently been made to the Fund’s investment objective and principal investment strategy. |
| • | | The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction implemented in 2017. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.05%, which resulted in HFMC reimbursing the Fund for certain expenses. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction, which will be implemented on September 1, 2018. |
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Hartford Small Cap Core Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 5th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods. The Board noted upcoming changes to the Fund’s portfolio management team and principal investment strategy. |
| • | | The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.30%, which resulted in HFMC reimbursing the Fund for certain expenses. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction, which will be implemented on September 1, 2018. |
The Hartford Small Cap Growth Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 3-year periods and the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, in line with its benchmark for the 3-year period and above its benchmark for the 5-year period. The Board noted upcoming changes to the Fund’s portfolio management team and principal investment strategy. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. |
The Hartford Small Company Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 5th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods. The Board noted recent and upcoming changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.40%. |
* * * *
Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
CUSTOMER PRIVACY NOTICE
The Hartford Financial Services Group, Inc. and Affiliates*
(herein called “we, our, and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.
This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.
We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications, Transactions, and consumer reports.
To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
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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:
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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:
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c) insurance companies;
d) administrators; and
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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:
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c) offering financial products or services under a joint agreement between us and one or more financial institutions.
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For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.
We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
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We only disclose Personal Health Information with:
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Our employees have access to Personal Information in the course of doing their jobs, such as:
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We use manual and electronic security procedures to maintain:
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Some techniques we use to protect Personal Information include:
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We are responsible for and must:
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Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.
We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service.
Personal Financial Information means financial information such as:
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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:
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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:
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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:
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a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Law Department, Privacy Law, One Hartford Plaza, Hartford, CT 06155, or at CorporatePrivacyOffice@thehartford.com.
This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2018), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations.
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Business Management Group, Inc.; Cervus Claim Solutions, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC; 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 Group Benefits Holding Company; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford 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, Ltd.; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, 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; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HIMCO Distribution Services Company; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex R, LLC; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; Northern Homelands Company; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd.; The Hartford International Asset Management Company Limited; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.
Revised March 2018
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Wellington Management Company LLP. HFD and HFMC are not affiliated with the Funds’ sub-adviser.
MFAR-DE18 12/18 208761 Printed in U.S.A.
A MESSAGE FROM THE PRESIDENT
Dear Shareholders:
Thank you for investing in Hartford Funds. The following is the Funds’ Annual Report, covering the period from November 1, 2017 through October 31, 2018.
Market Review
Despite a volatile year, during the 12 months ended October 31, 2018, U.S. stocks,
as measured by the S&P 500 Index,1 saw positive returns. During this period, the S&P 500 Index had a 7.35% return.
As of the end of September 2018, there were more than 35 days in 2018 when the S&P 500 Index closed 1% higher or lower than the previous day, which is more than triple the number of 1% swings experienced in all of 2017. Rising interest rates, inflation anxiety, and concerns surrounding U.S. tariffs and trade policies have all contributed to the return of market volatility.
Throughout 2018, the U.S. Federal Reserve (Fed) continued its cycle of interest-rate increases. At the end of October 2018, short-term rates ranged from 2% to 2.25%. At the time of this writing, expectations were for a continued gradual increase through the end of this calendar year and into next. Central banks overseas are also beginning to unwind their accommodative policies by raising interest rates, which may impact global markets.
Going forward, politics both at home and abroad are likely to continue playing a key role in driving market movements. For example, protectionist U.S. trade policies have sparked concern and uncertainty among some investors.
We encourage you to maintain a strong relationship with your financial advisor, who can help guide you through shifting markets confidently. He or she can help you proactively build a portfolio that takes market uncertainty into account, along with your unique investment goals and risk tolerances. Your financial advisor can help you find a fit within our family of funds as you work toward those goals.
Thank you again for investing in Hartford Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford Funds
| 1 | S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. The index is unmanaged and not available for direct investment. Past performance is not indicative of future results. |
Hartford Schroders Funds
Table of Contents
The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s sub-adviser or secondary sub-adviser, as applicable, and portfolio management team through the end of the period and are subject to change based on market and other conditions. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.
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| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 3/31/2006 Sub-advised by Schroder Investment Management North America Inc. and its secondary sub-adviser, Schroder Investment Management North America Limited | | Investment objective – The Fund seeks capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -12.79% | | | | 1.11% | | | | 7.92% | |
Class A2 | | | -17.56% | | | | -0.03% | | | | 7.31% | |
Class C1 | | | -13.44% | | | | 0.98% | | | | 7.95% | |
Class C2 | | | -14.30% | | | | 0.98% | | | | 7.95% | |
Class I1 | | | -12.66% | | | | 1.35% | | | | 8.15% | |
Class R31 | | | -12.99% | | | | 1.22% | | | | 8.07% | |
Class R41 | | | -12.88% | | | | 1.24% | | | | 8.09% | |
Class R51 | | | -12.56% | | | | 1.38% | | | | 8.16% | |
Class Y1 | | | -12.48% | | | | 1.43% | | | | 8.18% | |
Class F1 | | | -12.48% | | | | 1.39% | | | | 8.17% | |
Class SDR1 | | | -12.46% | | | | 1.47% | | | | 8.21% | |
MSCI Emerging Markets Index (Net) | | | -12.52% | | | | 0.78% | | | | 7.84% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A and Class I shares reflects the historical performance, fees and expenses of the then-existing Advisor and Investor Class shares,
respectively, of the Schroder Emerging Market Equity Fund (the “Predecessor Fund”). Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/30/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
MSCI Emerging Markets Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across emerging market countries.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.50% | | | | 1.50% | |
Class C | | | 2.26% | | | | 2.26% | |
Class I | | | 1.23% | | | | 1.23% | |
Class R3 | | | 1.82% | | | | 1.81% | |
Class R4 | | | 1.52% | | | | 1.51% | |
Class R5 | | | 1.22% | | | | 1.21% | |
Class Y | | | 1.11% | | | | 1.11% | |
Class F | | | 1.10% | | | | 1.10% | |
Class SDR | | | 1.10% | | | | 1.10% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Expenses shown include acquired fund fees and expenses. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
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| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Tom Wilson, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Robert Davy
Portfolio Manager
Schroder Investment Management North America Inc.
James Gotto
Portfolio Manager
Schroder Investment Management North America Inc.
Waj Hashmi, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Nicholas Field
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Emerging Markets Equity Fund returned -12.79%, before sales charge, for the twelve-month period ended October 31, 2018 compared to the Fund’s benchmark, the MSCI Emerging Markets Index (Net) which returned -12.52%. For the same period, Class A shares of the Fund outperformed the -13.05% average return of the Lipper Emerging Markets Funds peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
Global equities recorded a positive return over the twelve-month period as measured by the MSCI World Index (Net). The U.S. led performance as economic growth accelerated, benefiting from fiscal stimulus. The U.S. Federal Reserve continued to gradually normalise monetary policy, raising its headline rate by a total of 1% to 2.25%. Moving through the period, a revival in the U.S. dollar and escalating U.S.-China trade tensions weighed on emerging markets (EM) equities returns. The MSCI Emerging Markets Index (Net) decreased in value and underperformed the MSCI World Index.
Those markets most susceptible to global liquidity tightening came under pressure, in particular Turkey, which was the weakest country constituent in the MSCI Emerging Markets Index (Net). With inflation above target and continuing to rise, currency weakness forced the central bank into emergency rate rises. Early presidential elections, won by incumbent President Erdogan and a coalition led by his Law and Justice Party, added to uncertainty. Indonesia where government policy saw some deterioration in advance of 2019 elections, and South Africa also underperformed. In South Africa, Cyril Ramaphosa’s inauguration as president was positive. However, against the challenging external environment, the economic recovery proved slower than anticipated.
Chinese equities lost value as economic growth slowed by more than expected to 6.5% year-on-year in the third quarter of 2018. Concerns were exacerbated by escalation in trade tensions with the U.S. which
implemented tariffs on a total of $250 billion of Chinese goods. This included a 25% tariff on $50 billion of products, and a 10% tariff on a further $200 billion of goods, which is set to increase to 25% in January 2019. The U.S. also threatened to levy a duty on the remaining $267 billion of goods which China exports to the U.S. There was little progress in bilateral trade negotiations and China responded with tariffs on $110 billion of imports from the U.S. In response to the weaker outlook for economic growth, the authorities announced a range of targeted economic support measures, including a shift to fiscal stimulus and credit easing. South Korea also underperformed as macroeconomic data deteriorated and ongoing global trade concerns were compounded by disappointing corporate earnings results.
By contrast, Russia recorded a positive return as measured by the MSCI Emerging Markets Index (Net) and outperformed, led by Energy names which benefited from a rally in crude oil prices. Qatar was the best-performing country constituent in the MSCI Emerging Markets Index (Net), supported by strong performance from banks.
From a country perspective, the overweight allocations to Russia and Brazil, both of which outperformed, added value. The Russian market recorded a strong return, with oil & gas stocks supporting performance as hydrocarbon prices rallied. Brazil recorded a robust return, despite currency weakness, in what was a volatile period ahead of elections in October. Cash held in a declining market also added value. By contrast, the zero-weights to Malaysia and Qatar, were negative. Both markets outperformed, benefiting from hydrocarbon price strength.
At a stock level, selection in China underpinned excess returns (overweight Sinopec and CNOOC – the equities outperformed on strong earnings growth and positive capital allocation, with high dividend payout; off-benchmark AIA Group; overweight to Shenzhou International Group – the sports clothing manufacturer generated consistent sales and earnings growth on the back of a blue chip customer base). Stock selection was also positive in India (overweight Infosys and Hindustan Unilever). Conversely, stock selection in Taiwan (overweight Hon Hai Precision and Ennoconn), Korea (overweight Amorepacific and Hyundai Motor) and
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| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Russia (overweight X5 Retail Group – the supermarket operator’s stock fell as lower inflation triggered increased competition) was negative.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
U.S. dollar strength and the U.S.-China trade dispute have been the key headwinds for EM equities and currencies this year. There is the potential that U.S. dollar momentum stalls in 2019, as the U.S. growth differential with Europe moderates. However, the risk of a global growth slowdown now overshadows the outlook somewhat. The U.S. economy is late cycle and the positive impact of fiscal stimulus is set to fade as we move through next year. Eurozone activity indicators continue to ease and political fragilities persist. Meanwhile, balance sheet contraction at major global central banks is set to continue.
Hopes for an agreement, or some form of détente, in the U.S.-China trade dispute have increased ahead of a planned meeting between Presidents Trump and Xi at a G20 summit in November 2018. There is a good deal of scepticism that a deal will be reached this year; the dispute is as much concerned with issues such as technology transfer as it is simple trade volumes. That said, there is a degree of asymmetrical upside risk, given that a prolonged trade war is increasingly becoming the consensus view and the less predictable nature of U.S. policy under President Trump.
Economic growth in China is decelerating, exacerbated by trade tensions. The announcement of new stimulus should be supportive but the magnitude of policy measures is likely to be more modest than in the past. A significant increase in debt would be at odds with the authorities’ long-term objective of reducing financial leverage. Meanwhile, a relatively narrow yield differential relative to the U.S., together with expectations for ongoing U.S. policy tightening in the first half of 2019, and the shrinking current account surplus present further constraints to macroeconomic policy and management.
Aggregate EM valuations are attractive in our view with the MSCI Emerging Markets Index (Net) trading below the long-term average on a price-to-earnings (P/E) and price-to-book basis. On a P/E basis, it trades at a discount of 30% relative to the MSCI World Index. EM currencies have adjusted and the external position of many EM economies is reasonable. Consensus EPS growth for the MSCI Emerging Markets Index (Net) is 14% for this year and close to 12% in 2019. There is potential that earnings expectations for next year are subject to further downward revision, to reflect an environment of weaker economic growth and trade. Nonetheless, the outlook relative to domestic markets (DM) should still improve, as the impact of the one-off cut to U.S. corporate tax and U.S. dollar strength appear set to fade.
Although the medium-term outlook remains clouded by uncertainty over global growth, on a near-term basis there is the potential that we see some relief in EM equities and currencies. We believe EM valuations are attractive. We further believe that an abatement in U.S. dollar strength would likely act as a positive catalyst and the impact of Chinese stimulus should begin to feed through in the coming months.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •The consideration of certain ESG factors may limit the number of investment opportunities available to the Fund, which may lead it to underperform funds that are not subject to such criteria.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 11.1 | % |
Consumer Discretionary | | | 10.8 | |
Consumer Staples | | | 6.5 | |
Energy | | | 13.0 | |
Financials | | | 28.8 | |
Health Care | | | 0.9 | |
Industrials | | | 2.4 | |
Information Technology | | | 17.9 | |
Materials | | | 4.9 | |
Real Estate | | | 0.2 | |
Utilities | | | 0.5 | |
| | | | |
Total | | | 97.0 | % |
| | | | |
Short-Term Investments | | | 3.5 | |
Other Assets & Liabilities | | | (0.5 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
Composition by Currency
as of October 31, 2018
| | | | |
| Description | | Percentage of
Net Assets | |
Brazilian Real | | | 3.7 | % |
Chinese Yuan | | | 1.1 | |
Egyptian Pound | | | 0.1 | |
Euro | | | 1.1 | |
Hong Kong Dollar | | | 23.7 | |
Hungarian Forint | | | 2.0 | |
Indian Rupee | | | 5.5 | |
Indonesian Rupiah | | | 0.4 | |
Polish Zloty | | | 2.8 | |
Singapore Dollar | | | 0.1 | |
South African Rand | | | 3.5 | |
South Korean Won | | | 17.4 | |
Taiwanese Dollar | | | 10.6 | |
Thai Baht | | | 2.4 | |
Turkish Lira | | | 0.6 | |
United Arab Emirates Dirham | | | 0.2 | |
United States Dollar | | | 25.3 | |
Other Assets & Liabilities | | | (0.5 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 6/25/2013 Sub-advised by Schroder Investment Management North America Inc. | | Investment objective – The Fund seeks to provide a return of long-term capital growth and income. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Year | | | Since
Inception1 | |
Class A2 | | | -5.34% | | | | 2.10% | | | | 2.55% | |
Class A3 | | | -9.60% | | | | 1.16% | | | | 1.67% | |
Class C2 | | | -6.27% | | | | 1.86% | | | | 2.34% | |
Class C3 | | | -7.15% | | | | 1.86% | | | | 2.34% | |
Class I2 | | | -5.22% | | | | 2.29% | | | | 2.74% | |
Class R32 | | | -5.43% | | | | 2.18% | | | | 2.64% | |
Class R42 | | | -5.25% | | | | 2.25% | | | | 2.70% | |
Class R52 | | | -5.23% | | | | 2.29% | | | | 2.74% | |
Class Y2 | | | -5.17% | | | | 2.32% | | | | 2.77% | |
Class F2 | | | -5.04% | | | | 2.32% | | | | 2.77% | |
Class SDR2 | | | -5.11% | | | | 2.40% | | | | 2.84% | |
33.4% JP Morgan EMBI Global Diversified Index/ 33.3% JP Morgan GBI Emerging Markets Global Diversified Index/33.3% JP Morgan CEMBI Broad Diversified Index | | | -4.21% | | | | 2.01% | | | | 2.80% | |
JP Morgan EMBI Global Diversified Index | | | -4.39% | | | | 4.35% | | | | 5.24% | |
JP Morgan GBI Emerging Markets Global Diversified Index | | | -6.58% | | | | -2.59% | | | | -1.73% | |
JP Morgan CEMBI Broad Diversified Index | | | -1.85% | | | | 4.19% | | | | 4.78% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A and Class I shares reflects the historical performance, fees and expenses of the then-existing Advisor and Investor Class shares, respectively, of the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”), which commenced operations on 6/25/13. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/30/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
33.4% JP Morgan EMBI Global Diversified Index/ 33.3% JP Morgan GBI Emerging Markets Global Diversified Index/ 33.3% JP Morgan CEMBI Broad Diversified Index is calculated by Hartford Funds Management Company, LLC.
JP Morgan EMBI Global Diversified Index (reflects no deduction for fees, expenses or taxes) is a uniquely weighted index that tracks total returns for U.S. dollar denominated Brady bonds, Eurobonds, traded loans and local market debt instruments issued by sovereign and quasi-sovereign entities.
JP Morgan GBI Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes) is a comprehensive global local emerging markets index that consists of regularly traded, liquid fixed-rate, domestic-currency government bonds to which international investors can gain exposure.
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
JP Morgan CEMBI Broad Diversified Index (reflects no deduction for fees, expenses or taxes) tracks total returns of U.S. dollar denominated debt instruments issued by corporate entities in Emerging Markets countries.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.17% | | | | 1.15% | |
Class C | | | 2.12% | | | | 1.90% | |
Class I | | | 0.92% | | | | 0.90% | |
Class R3 | | | 1.59% | | | | 1.45% | |
Class R4 | | | 1.29% | | | | 1.15% | |
Class R5 | | | 0.99% | | | | 0.85% | |
Class Y | | | 0.93% | | | | 0.80% | |
Class F | | | 0.87% | | | | 0.75% | |
Class SDR | | | 0.87% | | | | 0.75% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 5/31/19 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
Portfolio Managers
Jim Barrineau
Portfolio Manager
Schroder Investment Management North America Inc.
Fernando Grisales, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Emerging Markets Multi-Sector Bond Fund returned -5.34%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s blended benchmark, which is comprised of the JP Morgan EMBI Global Diversified Index (33.4%), the JP Morgan GBI Emerging Markets Global Diversified Index (33.3%), and the JP Morgan CEMBI Broad Diversified Index (33.3%), which returned -4.21% for the same period. The JP Morgan EMBI Global Diversified Index, the JP Morgan GBI Emerging Markets Global Diversified Index, and the JP Morgan CEMBI Broad Diversified Index returned -4.39%,-6.58%, and -1.85%, respectively, during the period. For the same period, Class A shares of the Fund also underperformed the -5.00% average return of the Lipper International Emerging Markets Hard Currency Debt peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
Emerging market debt (“EMD”), as measured by the blended benchmark, provided negative returns for the twelve-month period ended October 31, 2018. EMD had a strong end to 2017, however in 2018 a confluence of factors have contributed to underperformance. Thus far in 2018, many of the positive contributing factors from 2017 have reversed course. Most notably, the U.S. Dollar (USD) strengthened, the U.S. Federal Reserve (Fed) raised rates three times (on pace for four increases in 2018), global growth has desynchronized, and the trade war between the U.S. and China has escalated. All of these factors resulted in the current emerging market (EM) cycle of a strong dollar and declining global liquidity, and as a result, markets moved to the point
where weak fundamentals were exposed. The crises in Argentina and Turkey were two such examples during the period.
Security selection in USD-denominated bonds was the largest detractor relative to the blended benchmark during the period. Approximately two thirds of that came from government-related issuers (both sovereigns and quasi-sovereigns), with the remaining coming from corporates. The Fund’s USD-denominated exposure to Argentine sovereigns was the largest individual detractor within government related bonds. Within hard currency corporates, Turkish financials was the largest detractor as names like Akbank and Türkiye İş Bankası led underperformance.
The Fund’s underweight posture within local currencies was the largest contributor during the period as local currencies were the worst performing segment of the blended benchmark. The Fund’s underweight in Turkey was the largest individual contributor with the debt crisis in Turkey leading to significant depreciation of the lira. Additionally, the Fund’s underweight in Indonesia and overweight in Poland also had a positive impact on returns for the period.
The Fund’s use of derivatives (specifically currency forwards) during the reporting period, did not have a material impact on returns.
What is the outlook?
We believe that a divided U.S. Congress leaves the odds for additional fiscal stimulus from the U.S. as very low. We surmise that from the near-term path of the USD (in addition to endless punditry). That conclusion removes one more argument for continued, or additional, strength in the dollar and that is a positive for emerging market debt.
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
While investors can never be sure that market downturns like this may continue for an extended period, we believe that the following points should be noted:
| | • | | We believe that the market currently is pricing in potential interest rate increases by the Fed in 2019 and to the extent the Fed took a less structured approach to rate increases, we believe markets would quickly react. |
| | • | | As these positive factors come together investors waiting for further significant cheapening in EM could very well be disappointed. Yet by some metrics the asset class is not exceptionally cheap: spreads- to-treasuries are well below the peak stress of early 2016. |
| | • | | On the other hand absolute yields are above that period, thanks to the steadily rising rates of U.S. Treasury Bills. This fact is coupled with currently negative YTD returns for both dollar and local currency bonds in EM. If this holds it would be the worst blended performance for the asset class since the Global Financial Crisis. |
| | • | | Down years are often followed by up years in this asset class as we saw as recently as 2016 and 2017. In this cycle, significant returns would likely not manifest unless the Fed had to ease rates rapidly to reverse much of the tightening. Only time will tell whether November will mark the start of that process. |
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. •Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor’s tax liability. • The Fund may invest in a smaller number of issuers and focus on investments in particular geographic regions or countries, so it may be more exposed to risks and volatility than a more broadly diversified fund.
Composition by Security Type(1)
as of October 31, 2018
| | | | |
| Category | | Percentage of
Net Assets | |
Fixed Income Securities | | | | |
Corporate Bonds | | | 35.4 | % |
Foreign Government Obligations | | | 58.5 | |
| | | | |
Total | | | 93.9 | % |
| | | | |
Short-Term Investments | | | 6.5 | |
Other Assets & Liabilities | | | (0.4 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
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| Hartford Schroders Global Strategic Bond Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 6/23/2014 Sub-advised by Schroder Investment Management North America Inc. and its secondary sub-adviser, Schroder Investment Management North America Limited | | Investment objective – The Fund seeks total return over the long term. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | |
| | | 1 Year | | | Since
Inception1 | |
Class A2 | | | 0.20% | | | | -0.02% | |
Class A3 | | | -4.34% | | | | -1.07% | |
Class C2 | | | -0.32% | | | | -0.17% | |
Class C3 | | | -1.31% | | | | -0.17% | |
Class I2 | | | 0.36% | | | | 0.21% | |
Class R32 | | | 0.37% | | | | 0.14% | |
Class R42 | | | 0.30% | | | | 0.17% | |
Class R52 | | | 0.46% | | | | 0.21% | |
Class Y2 | | | 0.51% | | | | 0.27% | |
Class F2 | | | 0.54% | | | | 0.28% | |
Class SDR2 | | | 0.55% | | | | 0.37% | |
ICE BofAML US 3-Month Treasury Bill Index | | | 1.68% | | | | 0.62% | |
Bloomberg Barclays Global Aggregate 1-3 Year USD Hedged Index | | | 1.36% | | | | 1.27% | |
3-Month USD Fixed LIBOR | | | 1.85% | | | | 0.87% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A and Class I shares reflects the historical performance, fees and expenses of the then-existing Advisor and Investor Class shares, respectively, of the Schroder Global Strategic Bond Fund (the “Predecessor Fund”), which commenced operations on 6/23/14. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/19/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
Effective July 31, 2018, the Fund changed its benchmark, the 3-Month USD Fixed LIBOR, to the ICE BofAML US 3-Month Treasury Bill Index, due to the U.K. Financial Conduct Authority’s plan to phase out the London Interbank Offered Rate (LIBOR). In addition, the Fund added Bloomberg Barclays Global Aggregate 1-3 Year USD Hedged Index as a secondary benchmark, effective as of the same date. The 3-Month USD Fixed LIBOR reflects the returns of the ICE BofAML US Dollar 3-Month Deposit Offered Rate Constant Maturity.
ICE BofAML US 3-Month Treasury Bill Index (reflects no deduction for fees, expenses or taxes) is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled
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| Hartford Schroders Global Strategic Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date.
Bloomberg Barclays Global Aggregate 1-3 Year USD Hedged Index – (reflects no deduction for fees, expenses or taxes) measures the performance of the global investment grade, fixed-rate bond markets. The index includes government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities from both developed and emerging markets issuers, while hedging the currency back to the US Dollar. Maturities are 1-3 years.
3-Month USD Fixed LIBOR (reflects no deduction for fees, expenses or taxes) gives an indication of the interest rate at which a panel of selected banks borrow U.S. dollar funds from one another with a maturity of three months. The 3-Month USD Fixed LIBOR reflects the returns of the ICE BofAML US Dollar 3-Month Deposit Offered Rate Constant Maturity.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.33% | | | | 1.05% | |
Class C | | | 2.13% | | | | 1.87% | |
Class I | | | 1.08% | | | | 0.80% | |
Class R3 | | | 1.60% | | | | 1.42% | |
Class R4 | | | 1.30% | | | | 1.12% | |
Class R5 | | | 1.00% | | | | 0.82% | |
Class Y | | | 0.94% | | | | 0.77% | |
Class F | | | 0.88% | | | | 0.65% | |
Class SDR | | | 0.88% | | | | 0.65% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
Portfolio Managers
Bob Jolly, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Paul Grainger, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Global Strategic Bond Fund returned 0.20%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the ICE BofAML US 3-Month Treasury Bill Index , which returned 1.68% for the same period. For the same period, Class A shares of the Fund also underperformed the Bloomberg Barclays Global Aggregate 1-3 Year USD Hedged Index which returned 1.36% for the same period. Class A shares of the Fund underperformed the 0.43% average return of the Lipper Alternative Credit Focus Funds peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
Volatility increased since the turn of the year, not least with the almost continual noise surrounding escalating U.S.-China trade tensions and implementation of tariffs. Politics dominated economics and permeated markets. This was an added challenge given the market distortions investors faced already following over a decade of exceptionally easy monetary policy and quantitative easing which suppressed market volatility and inflated asset prices. The reversal is likely to cause further market dislocations, punishing economies which display poor fundamentals but we do not expect a full blown sell-off either in rates or risk assets. Given central banks are gradually normalizing policies, market volatility is likely to pick up. Market beta will probably generate pedestrian returns.
The U.S. Treasury yield curve flattened over the fourth quarter of 2017, amid growing momentum behind a tax reform bill, which was expected to stimulate growth and inflation. December saw yield volatility around this as doubts led to yields initially dropping before reversing in the run-up to the bill being approved by the Senate.
In Europe, positive economic momentum continued unabated, with manufacturing activity at multi-year highs. The European Central Bank (ECB) announced the reduction of asset purchases, but extended the program, which proved a significant boost to bond yields.
In the first quarter of 2018, U.S. Treasury yields continued to rise as expectations of growth, inflation and interest rates shifted higher, and the yield curve continued to flatten. European yields followed a similarly volatile path, but retraced more meaningfully in March on softer readings in leading indicators, albeit from elevated levels. The United Kingdom’s (U.K.) government bond yields saw more pronounced curve flattening as 10-year yields rose less than five- and two-year yields.
U.S. 10-year Treasury yields rose from 2.74% to 2.86% in the second quarter of 2018, as growth and inflation expectations continued to build, before risk aversion and safe haven buying led to a significant retracement. In the periphery, the formation of a populist coalition government in May raised concerns over Italy’s future relationship with Europe. Spain suffered some contagion effect with 10-year yields rising from 1.16% to 1.32%.
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| Hartford Schroders Global Strategic Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Emerging market (EM) bonds had a difficult period, particularly local currency bonds, impacted by the strengthening U.S. Dollar, while certain EM countries saw marked currency weakening due to idiosyncratic risks.
During the third quarter of 2018, core government bond yields rose due to positive economic data, particularly from the U.S. The U.S. Federal Reserve (Fed) implemented a third rate increase this year, removing references to “accommodative” policy and striking an optimistic tone.
Corporate bonds saw positive total returns, in local currency terms. Emerging markets (EM) experienced a tumultuous quarter, but largely centred on idiosyncratic factors and situations. Some of the countries most affected started to take steps to address their problems.
During the twelve-month period under review, the Fund generated positive returns from the increase in bond yields and inflation expectations, yet suffered from the underperformance of emerging market currencies and bonds.
During the final quarter of 2017, the impact of a U.S. tax cut on markets was captured through U.S. inflation and credit exposures, and through a short position in U.S. interest rates. While the Fund’s positioning with respect to U.S. duration was only modestly rewarded, relative value positions in Australia, Canada, Germany and U.K. versus short U.S. all proved profitable. Long exposure to emerging market currencies detracted as markets repriced the risk of depreciation versus the U.S. dollar.
In the first quarter of 2018, short U.S. duration positions generated positive returns as bond markets priced in higher inflation expectations and Treasury yields rose, while long credit underperformed (although the Fund’s credit hedges partially offset this underperformance).
Global bond markets were volatile in the second quarter, due to a confluence of factors, including a greater dispersion between accelerating U.S. growth and a softening of economic activity elsewhere. Escalating trade tensions between the U.S. and China and the formation of a populist coalition government in Italy soured sentiment further. The Fund’s exposure to emerging markets (currency and bonds) was the main drag on performance. Elsewhere, the Fund was also exposed to a widening of European peripheral spreads (due to our allocation to Spain versus Bunds). During the period, we positioned the Fund to seek to profit from higher U.S. interest rate bond yields and higher inflation expectations, which contributed positively to absolute performance.
Our positive global growth outlook was challenged as a number of idiosyncratic events, principally across emerging markets, negatively impacted investor sentiment. Having reduced the Fund’s EM currency exposure and closed the Fund’s allocation to local currency EM bonds, performance was to some extent protected from the aggressive sell-off. However, given the significant repricing of EM assets, even the Fund’s reduced exposure had a damaging impact on performance.
Over the period, derivatives were used primarily in implementing our interest rate and currency views, as well as to buy protection against adverse movements in the credit markets. Derivatives form part of the Fund’s principal strategy and are used in conjunction with other assets to target specific sources of return. An example would be U.S. inflation expectations, where we want to buy U.S. Treasury Inflation Protected Securities (“TIPS”), but do not want to hold interest rate risk. This was
achieved by buying U.S. 10-year TIPS and hedging interest rate risk with derivatives. During the period, the Fund’s use of interest rate derivatives had a positive effect on overall performance. However, the Fund’s use of currency forwards and options to implement our currency views detracted from overall performance during the period.
What is the outlook?
The global expansion continues to be led by the U.S. with European growth stabilising but failing to accelerate meaningfully and still slower than some had envisaged. Rising global bond yields have reflected this, especially in the U.S., where further rate increases are being embedded into valuations. The U.S. Treasury curve has continued flattening, historically a harbinger of recession. With the current expansion, we believe there is no sign that this is on the cards.
Escalating trade tensions has been one of the principal headwinds to global growth, arguably contributing to the softness of global manufacturing indicators earlier in the year. China is bearing the brunt of the trade war with the U.S. There is a risk the U.S. will ratchet up tensions with China ahead of the mid-term elections in November. China has eased policy conditions with the intention of stabilising the economy. We believe that this should keep the growth trajectory stable for now – a banking or currency crisis remains a tail risk.
A meaningful and sustained pick-up in inflation expectations remains broadly absent from the U.S. recovery. On the other hand, the global output gap has all but closed and the tightness of the labour market has started to translate into accelerated wage growth, albeit to varying degrees across sectors. An uptick in wage growth measures in the U.S., Japan and more recently the Eurozone, reassures us that the traditional labour market demand and supply dynamics remain valid.
Arguably, we are already seeing the initial consequences of central bank normalisation. Given the potential distortions of over a decade of exceptionally easy monetary policy, the process of its reversal, however gradual, is likely to cause market dislocations, possibly punishing economies, which display poor fundamentals. The scope for episodic volatility and market stress persists.
EM had a torrid quarter, with August’s broad sell-off stemming from a few idiosyncratic events, serving to remind investors of pockets of vulnerabilities within the EM complex. Tighter U.S. liquidity and deteriorating fundamentals could prompt further capital flight. In an attempt to contain financial pressures, EM policymakers have reacted by raising rates, but remain broadly constrained fiscally.
Politics remains a key consideration. At times, it appears to be politicians, not central bankers, driving markets. Investors will continue to face challenges. We believe that trade and political developments, against a backdrop of central bank normalisation, are likely to lead to increased bouts of market stress and volatility.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call,
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| Hartford Schroders Global Strategic Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •Convertible securities are subject to the risks of both debt and equity securities. •Loans can be difficult to value and highly illiquid; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. •The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates, and the market for IPS may be less developed or liquid, and more volatile, than other securities markets. •Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. •Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. •Mortgage related- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •The Fund may invest in a smaller number of issuers, so it may be more exposed to risks and volatility than a more broadly diversified fund. •Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.
Composition by Security Type(1)
as of October 31, 2018
| | | | |
| Category | | Percentage of
Net Assets | |
Equity Securities | | | | |
Escrows | | | 0.2 | % |
| | | | |
Total | | | 0.2 | % |
| | | | |
Fixed Income Securities | | | | |
Asset & Commercial Mortgage Backed Securities | | | 10.5 | |
Corporate Bonds | | | 65.0 | |
Foreign Government Obligations | | | 8.7 | |
U.S. Government Agencies | | | 0.9 | |
U.S. Government Securities | | | 0.0 | (2) |
| | | | |
Total | | | 85.1 | % |
| | | | |
Short-Term Investments | | | 10.5 | |
Purchased Options | | | 1.4 | |
Other Assets & Liabilities | | | 2.8 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (2) | Percentage rounds to zero. |
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 8/30/2006 Sub-advised by Schroder Investment Management North America Inc. and its secondary sub-adviser, Schroder Investment Management North America Limited | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -8.71% | | | | 1.69% | | | | 9.08% | |
Class A2 | | | -13.71% | | | | 0.56% | | | | 8.45% | |
Class C1 | | | -9.47% | | | | 1.54% | | | | 9.09% | |
Class C2 | | | -10.35% | | | | 1.54% | | | | 9.09% | |
Class I1 | | | -8.47% | | | | 1.99% | | | | 9.33% | |
Class R31 | | | -8.96% | | | | 1.74% | | | | 9.20% | |
Class R41 | | | -8.76% | | | | 1.86% | | | | 9.26% | |
Class R51 | | | -8.58% | | | | 1.96% | | | | 9.32% | |
Class Y1 | | | -8.42% | | | | 2.03% | | | | 9.36% | |
Class F1 | | | -8.38% | | | | 2.03% | | | | 9.36% | |
Class SDR1 | | | -8.38% | | | | 2.08% | | | | 9.38% | |
MSCI ACWI ex USA Index (Net) | | | -8.24% | | | | 1.63% | | | | 6.92% | |
MSCI ACWI ex USA Value Index (Net) | | | -7.73% | | | | 0.61% | | | | 6.39% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A and Class I shares reflects the historical performance, fees and expenses of the then-existing Advisor and Investor Class shares, respectively, of the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”). Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s
Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/30/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
MSCI ACWI ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.
MSCI ACWI ex USA Value Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities exhibiting overall value style characteristics across developed (excluding the U.S.) and emerging market countries. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.17% | | | | 1.16% | |
Class C | | | 1.91% | | | | 1.91% | |
Class I | | | 0.87% | | | | 0.87% | |
Class R3 | | | 1.51% | | | | 1.51% | |
Class R4 | | | 1.21% | | | | 1.21% | |
Class R5 | | | 0.90% | | | | 0.90% | |
Class Y | | | 0.80% | | | | 0.80% | |
Class F | | | 0.79% | | | | 0.76% | |
Class SDR | | | 0.79% | | | | 0.76% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Justin Abercrombie
Portfolio Manager
Schroder Investment Management North America Inc.
Stephen Langford, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Michael O’Brien
Portfolio Manager
Schroder Investment Management North America Inc.
David Philpotts
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders International Multi-Cap Value Fund returned -8.71% before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s MSCI All Country World ex USA Index (Net) (“MSCI ACWI ex USA Index”) benchmark and the MSCI All Country World ex USA Value Index (Net) benchmark, which returned -8.24% and -7.73%, respectively, for the same period. For the same period, Class A shares of the Fund outperformed the -8.86% average return of the Lipper International Multi-Cap Value peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
International equity markets posted positive returns in the final two months of 2017. Interestingly, November and December showed some reprieve in the concentrated growth oriented market of 2017, as the group of stocks known as BANTS (Baidu, Alibaba, Naspers, Tencent and Samsung) either underperformed or produced index like returns enabling other sectors to outperform. Overall, these stocks posted returns ranging from 42% to 113% over the 2017 calendar year and this rally of these more expensive emerging market technology and consumer stocks initially continued into 2018.
In the first quarter of 2018, markets were initially unnerved by higher-than-expected inflation data in the U.S. in February, which prompted concerns that the U.S. Federal Reserve (Fed) could raise interest rates more quickly than expected. That was before fears over U.S.-China trade sanctions, as well as mounting regulatory pressures for the Technology sector, added to instability. Technology and Utilities were the only sectors to post positive returns over the quarter.
International equities declined in the second quarter of 2018, while the U.S. market posted a positive return. U.S. equity markets responded positively to economic and earnings data, while the U.K. and Australian markets were led by energy as oil prices continued to rally. The ever-present geopolitical risk continued to weigh on global markets with the U.S. dollar strengthening by 5% over the quarter.
During the third quarter of 2018, international equity markets continued to steadily advance despite some significant obstacles. These included uncertainty surrounding trade tensions, Turkey’s currency crisis, uncertainty over whether Italy’s 2019 budget proposal will comply with EU fiscal rules and rising oil prices from the continued increase of U.S. sanctions on Iran. International equity markets suffered a sharp fall (-8% for MSCI ACWI ex USA Index) over the final month of the period (October) as volatility returned to equity markets with uncertainty weighing on investors’ minds. These concerns led to the market repricing risk as previously more expensive software continued to be sold off leading to the Technology sector being the worst performing sector during the month of October, and concerns over China’s growth and trade disputes pushing cyclicals down and investors seeking the perceived safety and into more defensive areas of the market.
Over the course of the one-year period from November 1, 2017, stock selection within the Healthcare sector made the greatest contribution to returns relative to the MSCI ACWI ex USA Index. The Fund’s Healthcare sector holdings in Continental Europe and United Kingdom, such as pharmaceutical firms like Teva and Shire, supported Fund performance. Stock selection within the Energy sector also added value. This was especially the case in Continental Europe and Emerging Markets Asia where the Fund had overweight allocations to integrated oil & gas and exploration & production companies relative to the MSCI ACWI ex USA Index.
As uncertainty continued to weigh on investors’ minds, investors repriced risk in more expensive “growth” companies, particularly in the Technology sector. Our long held stance in avoiding more expensive “growth” companies bolstered relative returns during the one year period ending October 31, 2018 as these areas sold off strongly.
Consumer Discretionary was the biggest detractor from performance at the sector level during the one year period ending October 31, 2018. Holdings in pan-European and Japanese auto parts and automakers companies were impacted due to the negative sentiment concerning trade wars.
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
We believe that investors have largely focused on the more fashionable, or popular equities, such as Baidu, Alibaba, Naspers, and Tencent, and that many areas of international markets have been overlooked. Typically, when this happens, it gives investors the opportunity to look for equities that offer exposure to companies with healthy business fundamentals at a reasonable valuation in our view.
We continue to see opportunities across the full spectrum of value, from deep value in resources and Japan, to high quality dividend yield in Consumer Staples & Healthcare companies.
The Fund’s most significant exposure remains in the Financials sector. We continue to be focused on equities that we believe are attractively valued while also being conscious of the quality of the company to assess its risk. We believe some European and Asian bank stocks continue to be priced at significant discounts.
With the recent strong performance of more defensive areas of the market we sold a number of the Fund’s positions in the Healthcare and Telecommunication Services sectors, primarily among European and Asian companies, as these equities performed strongly over the end of the period in review.
Securities in the Resources sector continue to be a significant holding in the Fund. We have recently focused on higher quality chemicals, mining and integrated oil & gas stocks, which offer an attractive valuation in our view.
We continue to find opportunities in more cyclical sectors. The Fund continues to be underweight in the Technology sector, which comes from the Fund’s lack of exposure to Technology companies that we perceive as overvalued, as well as lower quality larger auto manufacturers. Over the first month of the fourth quarter of 2018, the decline in prices in deeper value cyclical sectors led us to increase the Fund’s exposure to such sectors as valuations become more attractive in our view.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. •The main risk of real estate related securities is that the value of the underlying real estate may decrease in value. •The Fund may focus on investments in particular geographic regions or countries, so it may be more exposed to risks and volatility than a fund holding more geographically diverse investments.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 10.8 | % |
Consumer Discretionary | | | 9.7 | |
Consumer Staples | | | 6.2 | |
Energy | | | 9.8 | |
Financials | | | 17.4 | |
Health Care | | | 7.4 | |
Industrials | | | 13.1 | |
Information Technology | | | 7.7 | |
Materials | | | 9.9 | |
Real Estate | | | 1.5 | |
Utilities | | | 2.1 | |
| | | | |
Total | | | 95.6% | |
| | | | |
Short-Term Investments | | | 5.4 | |
Other Assets & Liabilities | | | (1.0 | ) |
| | | | |
Total | | | 100.0% | |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Schroders International Stock Fund |
Fund Overview
October 31, 2018 (Unaudited)
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Inception 12/19/1985 Sub-advised by Schroder Investment Management North America Inc. and its secondary sub-adviser, Schroder Investment Management North America Limited | | Investment objective – The Fund seeks long-term capital appreciation through investment in securities markets outside the United States. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -7.63% | | | | 2.41% | | | | 7.92% | |
Class A2 | | | -12.69% | | | | 1.26% | | | | 7.31% | |
Class C1 | | | -8.33% | | | | 2.27% | | | | 7.99% | |
Class C2 | | | -9.23% | | | | 2.27% | | | | 7.99% | |
Class I1 | | | -7.32% | | | | 2.67% | | | | 8.20% | |
Class R31 | | | -7.49% | | | | 2.60% | | | | 8.16% | |
Class R41 | | | -7.42% | | | | 2.64% | | | | 8.18% | |
Class R51 | | | -7.36% | | | | 2.69% | | | | 8.21% | |
Class Y1 | | | -7.32% | | | | 2.72% | | | | 8.22% | |
Class F1 | | | -7.32% | | | | 2.70% | | | | 8.21% | |
Class SDR1 | | | -7.33% | | | | 2.75% | | | | 8.24% | |
MSCI ACWI ex USA Index (Net) | | | -8.24% | | | | 1.63% | | | | 6.92% | |
MSCI EAFE Index (Net) | | | -6.85% | | | | 2.02% | | | | 6.89% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A shares reflects the historical performance, fees and expenses of the then-existing Advisor Class shares of the Schroder International Alpha Fund (the “Predecessor Fund”). Class C, Class R3, Class R4, Class R5 and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class I, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to
10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/30/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
Effective 3/31/18, the Fund changed its benchmark from the MSCI EAFE Index (Net) to the MSCI ACWI ex USA Index (Net). Hartford Funds Management Company, LLC, the investment manager, believes that the MSCI ACWI ex USA Index (Net) better reflects the Fund’s revised investment strategy.
MSCI ACWI ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.
MSCI EAFE Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) (Europe, Australasia, Far East) is designed to capture large and mid cap representation across developed market countries, excluding the U.S. and Canada.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.26% | | | | 1.20% | |
Class C | | | 2.11% | | | | 1.95% | |
Class I | | | 0.91% | | | | 0.91% | |
Class R3 | | | 1.58% | | | | 1.50% | |
Class R4 | | | 1.28% | | | | 1.20% | |
Class R5 | | | 0.98% | | | | 0.90% | |
Class Y | | | 0.92% | | | | 0.85% | |
Class F | | | 0.86% | | | | 0.80% | |
Class SDR | | | 0.86% | | | | 0.80% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
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| Hartford Schroders International Stock Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Simon Webber, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
James Gautrey, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders International Stock Fund returned -7.63%, before sales charge, for the twelve-month period ended October 31, 2018, outperforming the Fund’s benchmark, the MSCI All Country World (ACWI) ex USA Index (Net), which returned -8.24% for the same period. For the same period, the Class A shares of the Fund underperformed the MSCI EAFE Index (Net), the Fund’s former benchmark, which returned -6.85%. For the same period, Class A shares of the Fund outperformed the -8.24% average return of the Lipper International Large-Cap Growth peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
Having performed strongly into the end of 2017, international equity markets have struggled to make headway in 2018, with rising U.S. interest rates and the strong U.S. dollar putting pressure on emerging markets. U.S.-China trade tensions also escalated, and the resulting market uncertainty has weighed on business investment and sentiment. European equities have been torn between supportive corporate earnings and economic growth factors, and political uncertainty surrounding Brexit (the U.K.’s exit from the E.U.) and fiscal stability in Italy.
Stock selection was the primary driver of the outperformance relative to the current benchmark for the twelve months ending October 31, 2018. The Fund’s selections in Consumer Staples and Financials sectors were particularly positive while performance of the Fund’s industrial equities modestly detracted from performance. From a regional perspective, the Fund’s positioning in U.K. and emerging markets added the most value, while both the Fund’s underweight exposure and selection within Japan, were a headwind.
In March, we began a position in newly listed iQIYI – a video streaming service company in China. As a leading provider in a rapidly growing market, iQIYI has seen strong growth in its share price since its IPO and was one of the Fund’s top contributors to relative performance. Through its relationship with search engine parent company Baidu, iQIYI can bring a very precise level of targeting and interactivity to its advertising, which we think will prove exceptionally valuable as the middle class grows in China. While the company operates in an extremely competitive industry with rising content costs, its management team has shown strong capability in content selection, development and innovation.
The Fund’s position in Spanish listed bank BBVA performed poorly, primarily due to fears over the Turkish currency crisis and its implications
for BBVA’s subsidiary, Garanti Bank. Garanti accounts for only 10% of BBVA’s earnings however, and business momentum in BBVA’s Mexico, Spain and U.S. businesses – which account for 80% of earnings – are robust in our view. We also believe that the Turkish market is improving and are encouraged by the recent swing in the current account from deficit to surplus. BBVA continues to develop its leadership in digital services, which after several years of investment are now driving down costs and allowing BBVA to gain market share in all of its geographies.
Derivatives were not used in a significant manner in the Fund during the period and therefore did not have a material impact on performance.
What is the outlook?
Looking forward, international equities are at a very interesting juncture. After remaining flat for the last four years in dollar terms, valuations have become much more attractive in our view at approximately 13x forward earnings, around a 25% discount to U.S. equities. Leading indicators of economic growth and business profits in international economies remain solid, and central bank monetary policy remains largely expansionary providing additional support.
We believe the main uncertainty for the outlook remains the recent trend towards more protectionist economic policies. A protracted trade war would have implications far beyond just the U.S. and China, and could lead to a major weakening of business sentiment and investment. The negotiations around Brexit and the Italian fiscal strains also remain overhangs, but more benign outcomes in each could serve as important risk clearing events given the amount of negative sentiment already priced in to the markets.
With rising U.S. interest rates and a rising U.S. dollar, the usual pattern of pressure on emerging market equities and currencies has repeated in 2018. This has opened up some very interesting opportunities in strong companies in emerging markets, and we have been increasing exposure there over the summer. We believe we are cautious towards companies and countries with high levels of debt. After a decade of low and declining interest rates we believe there is plenty of complacency in financial markets regarding the risks to equity holders from leverage.
Most importantly for us as active investors, we continue to believe that a period of disruptive change is unfolding across many industries, and we believe this will be a powerful source of investment performance. It remains critical for businesses and investors alike to ensure that they are on the right side of the disruption, and we believe we are focused on identifying those businesses that are willing to invest for the long-term, for change, and to create sustainable growth business models.
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| Hartford Schroders International Stock Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities. •The consideration of certain ESG factors may limit the number of investment opportunities available to the Fund, which may lead it to underperform funds that are not subject to such criteria.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 12.7 | % |
Consumer Discretionary | | | 19.3 | |
Consumer Staples | | | 12.2 | |
Energy | | | 4.8 | |
Financials | | | 18.4 | |
Health Care | | | 8.9 | |
Industrials | | | 8.5 | |
Information Technology | | | 8.0 | |
Materials | | | 4.8 | |
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Total | | | 97.6 | % |
| | | | |
Short-Term Investments | | | 3.2 | |
Other Assets & Liabilities | | | (0.8 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
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| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview
October 31, 2018 (Unaudited)
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Inception 10/03/2011 Sub-advised by Schroder Investment Management North America Inc. | | Investment objective – The Fund seeks total return on an after-tax basis. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Year | | | Since
Inception1 | |
Class A2 | | | -1.77% | | | | 3.95% | | | | 4.05% | |
Class A3 | | | -6.17% | | | | 3.00% | | | | 3.39% | |
Class C2 | | | -2.64% | | | | 3.75% | | | | 3.99% | |
Class C3 | | | -3.61% | | | | 3.75% | | | | 3.99% | |
Class I2 | | | -1.59% | | | | 4.21% | | | | 4.32% | |
Class Y2 | | | -1.63% | | | | 4.20% | | | | 4.31% | |
Class F2 | | | -1.60% | | | | 4.21% | | | | 4.31% | |
Class SDR2 | | | -1.60% | | | | 4.20% | | | | 4.30% | |
Bloomberg Barclays Municipal Bond Index | | | -0.51% | | | | 3.25% | | | | 3.23% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 4.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A shares reflects the historical performance, fees and expenses of the then-existing Advisor Class shares of the Schroder Broad Tax-Aware
Value Bond Fund (the “Predecessor Fund”) and, prior to 12/30/14, the inception date of the then-existing Advisor Class shares, the Investor Class shares of the Predecessor Fund, adjusted to reflect the distribution fees of the Predecessor Fund’s Advisor Class shares. Class C, Class Y and Class SDR shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class I, Class Y and Class SDR shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares which commenced operations on 10/3/11. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16. Performance for the Fund prior to 6/14/13 reflects performance of the Predecessor Fund’s predecessor, which commenced operations on 10/3/11.
Bloomberg Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes) is designed to cover the USD-denominated long-term tax exempt bond market.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 0.86% | | | | 0.72% | |
Class C | | | 1.61% | | | | 1.60% | |
Class I | | | 0.59% | | | | 0.47% | |
Class Y | | | 0.61% | | | | 0.55% | |
Class F | | | 0.55% | | | | 0.47% | |
Class SDR | | | 0.55% | | | | 0.47% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
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| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Andrew B.J. Chorlton, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Edward H. Jewett
Portfolio Manager
Schroder Investment Management North America Inc.
Richard A. Rezek Jr., CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Neil G. Sutherland, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Julio C. Bonilla, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Tax-Aware Bond Fund returned -1.77%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Bloomberg Barclays Municipal Bond Index, which returned -0.51% for the same period. For the same period, Class A shares of the Fund also underperformed the -0.32% average return of the Lipper General & Insured Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
The Fund underperformed the benchmark primarily due to poor security selection within municipals. The out of benchmark allocation to corporate bonds and corresponding underweight to municipals added to relative performance, although not enough to offset negative security selection. Duration and yield curve positioning combined to have a slightly positive impact on performance relative to the Bloomberg Barclays Municipal Bond Index.
The municipal bond market, as measured by the Bloomberg Barclays Municipal Bond Index, generated a -0.51% return for the twelve months ending October 31, 2018. The passage of US tax reform and strong economic data supported municipal bonds into year-end 2017 despite elevated supply in December as issuers rushed deals ahead of the January 1st effective date for the tax law changes. However, the narrative quickly changed in January 2018 when municipals underperformed credit as the municipal market continued to adjust to the most significant tax overhaul in over three decades after the passage of tax reform leading to one of the worst first quarter losses in more than two decades. Although bond markets broadly suffered from bouts of volatility in the second quarter of 2018 due to a confluence of factors (discussed below), performance in the municipal market finished the quarter at a strong pace with negative returns in April turning positive in May and June amid lower supply. After posting positive returns in July
and August, municipals ended the third quarter of 2018 with negative returns overall and had an equally bad October. A number of factors combined to cause market volatility to rise. While not new developments, an escalating trade war, slowing earnings, and higher interest rates certainly seemed to weigh on investor sentiment. Until recently, investors had largely been willing to overlook these factors due to the strength of corporate earnings and the U.S. economy; however, the earnings season in September and October was weaker than expected and sentiment quickly turned negative.
With this context in mind, the Fund’s larger allocation to higher quality bonds detracted from performance relative to the Bloomberg Barclays Municipal Bond Index within municipals as lower credit quality outperformed. Additionally, allocations to select ETM (escrowed to maturity) and housing authority bonds were a drag on relative performance as they lagged other municipal sectors. Offsetting some of the negative performance was the out of benchmark exposure to corporates and resulting underweight to municipals. However, given that municipals still make up around 85% of the portfolio the corporate outperformance was not enough to offset underperformance within municipals.
During the one year period, the Fund maintained the allocation to municipals near 85% of the Fund’s net assets, the highest level of tax-exempt municipals the Fund has held since the first quarter of 2015. We view corporates as expensive and therefore decreased exposure further to a low of 5% from 39% as recently as late 2016. The Fund maintains a high level (approximately 9% as of October 31, 2018) of cash and cash-equivalents (including U.S. Treasuries) to deploy towards new investments should opportunities arise.
Derivatives were used in the Fund during the period but did not have a material impact on performance during the period.
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| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
What is the outlook?
Looking forward to the end of the year, we believe the markets will be supported by a strong U.S. economy despite the volatility seen in October 2018. Although there are a number of unresolved risks overhanging the market, very few market experts are predicting a slow down or recession in the near term. As evidence, the most recent U.S. Federal Reserve (Fed) minutes reveal that the Fed continues to have an optimistic view of the impacts from fiscal policy on economic activity. On the other hand, corporate spreads, although wider year to date, are still very close to the lows of the current economic cycle and therefore valuations appear stretched by many measures.
In municipals, we believe technical conditions should remain supportive over the near term through the end of 2018. We believe there may be an uptick in supply after negative supply in the summer months and a year-over-year slump. We continue to monitor shifts in demand from various buyers who have historically participated in the market. Since the beginning of the year, there have been changes to municipal demand from institutional investors due to changes with the tax reforms passed at the end of 2017. Through the second quarter of 2018, the Fed had reported that P&C (property and casualty) insurers have actually increased their municipal exposure by 1.5%, while banks have reported a -4.7% decline in holdings. More broadly, towards the end of the period we were closely monitoring elections around the country for the potential ramifications to municipal credit. We believe fiscal stability (or lack thereof) is linked to political priorities of elected officials and impacts the long term stability of a credit, which we continue to monitor.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest
rates rise, bond prices generally fall. •Mortgage related- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. •Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. •The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •Municipal securities may be adversely impacted by state/local, political, economic, or market conditions; these risks may be magnified if the Fund focuses its assets in municipal securities of issuers in a few select states. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.
Composition by Security Type(1)
as of October 31, 2018
| | | | |
| Category | | Percentage of
Net Assets | |
Fixed Income Securities | | | | |
Corporate Bonds | | | 5.4 | % |
Municipal Bonds | | | 84.9 | |
U.S. Government Securities | | | 6.5 | |
| | | | |
Total | | | 96.8 | % |
| | | | |
Short-Term Investments | | | 4.2 | |
Other Assets & Liabilities | | | (1.0 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
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| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 8/06/1993 Sub-advised by Schroder Investment Management North America Inc. | | Investment objective – The Fund seeks capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -0.34% | | | | 8.09% | | | | 11.89% | |
Class A2 | | | -5.83% | | | | 6.88% | | | | 11.26% | |
Class C1 | | | -1.08% | | | | 7.95% | | | | 11.95% | |
Class C2 | | | -1.99% | | | | 7.95% | | | | 11.95% | |
Class I1 | | | -0.05% | | | | 8.41% | | | | 12.20% | |
Class R31 | | | -0.58% | | | | 8.21% | | | | 12.09% | |
Class R41 | | | -0.11% | | | | 8.34% | | | | 12.16% | |
Class R51 | | | -0.02% | | | | 8.40% | | | | 12.19% | |
Class Y1 | | | 0.03% | | | | 8.43% | | | | 12.21% | |
Class F1 | | | 0.04% | | | | 8.44% | | | | 12.21% | |
Class SDR1 | | | 0.07% | | | | 8.48% | | | | 12.23% | |
Russell 2000 Index | | | 1.85% | | | | 8.01% | | | | 12.44% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A shares reflects the historical performance, fees and expenses of the then-existing Advisor Class shares of the Schroder U.S. Opportunities
Fund (the “Predecessor Fund”). Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class I, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 9/28/15, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund. Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
Russell 2000 Index (reflects no deduction for fees, expenses or taxes) is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.52% | | | | 1.43% | |
Class C | | | 2.25% | | | | 2.18% | |
Class I | | | 1.14% | | | | 1.14% | |
Class R3 | | | 1.80% | | | | 1.73% | |
Class R4 | | | 1.50% | | | | 1.43% | |
Class R5 | | | 1.20% | | | | 1.13% | |
Class Y | | | 1.09% | | | | 1.08% | |
Class F | | | 1.08% | | | | 1.03% | |
Class SDR | | | 1.08% | | | | 1.03% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the Fund’s gross expenses. These arrangements remain in effect until 2/28/19 unless the class’ Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
|
| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Jenny B. Jones
Portfolio Manager
Schroder Investment Management North America Inc.
Robert Kaynor, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders US Small Cap Opportunities Fund returned -0.34%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 2000 Index, which returned 1.85% for the same period. For the same period, Class A shares of the Fund also underperformed the 0.03% average return of the Lipper Small-Cap Core peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
U.S. small capitalization equities, as measured by the Russell 2000 Index, rose over the one year period ended October 31, 2018. During this twelve-month period we saw the U.S. economy remain fundamentally solid; however there were notable changes in market leadership that occurred throughout the year. The Fund’s fiscal year began with the Fund’s benchmark rising by 10.3% as of the end of the second quarter of 2018. The rally was driven by the low capitalization, low beta and high price-to-earnings (P/E) stocks. In addition, through mid October non-earners (companies with negative earnings) returned 4.6% versus -0.7% for companies in the index with earnings. Companies with low to negative sales growth also outperformed. Finally, companies with low foreign sales outperformed those with high foreign sales.
The arrival of the second half of 2018 marked a change in market leadership as inflation concerns began to spook investors, and the S&P 500 Index posted its biggest quarterly gain in nearly five years in the third quarter of 2018. However, U.S. small caps cooled in September. This was a reversal from the first half of 2018 when microcaps surged and led the market. The third quarter of 2018 has seen larger cap names outperform as small cap exchange-traded fund (ETF) flows moderated this quarter (small cap ETF flows often drive up performance in the smallest, most illiquid stocks). This factor reversal continued into the Fund’s fiscal year end although volatility as measured by the CBOE Volatility Index (Vix) saw a sharp increase in October.
Six of the ten sectors within the Russell 2000 Index posted positive returns during the period. The Healthcare (+11.9%), Consumer Staples (+11.0%) and Consumer Discretionary (+9.4%) sectors were the strongest performers during the period, while Materials & Processing (-15.0%), Financial Services (-2.9%) and Energy (-2.6%) sectors were the laggards. Both security selection and allocation hindered the Fund’s performance compared to the Russell 2000 Index during the period. Stock selection was strongest within the Producer Durables, Materials & Processing and Financial Services sectors. The Fund also outperformed in the Technology and Real Estate Investment Trust sectors. Health Care, Consumer Discretionary and Consumer Staples sectors were the largest laggards
over the period. Sector allocation, a result of our bottom-up stock selection, detracted from returns relative to the Russell 2000 Index over the period. An underweight to the Health Care sector detracted from performance relative to the Russell 2000 Index but was partially offset by an underweight to Real Estate Investment Trusts and Energy sectors as well as an overweight to the Consumer Discretionary sector.
Top contributors to performance relative to the Russell 2000 Index during the period included Ciena Corporation (Technology), Oxford Industries, Inc. (Consumer Discretionary) and LiveRamp Holdings, Inc. (Producer Durables). Ciena rallied after reporting strong earnings and raising guidance. Asia Pacific, the biggest area of growth for the company was better than expected due to strength in India. Also, the company is a beneficiary of the new tax law which reduces its tax rate by approximately 10%. The company, a leading vendor of optical networking systems has also unveiled a new intelligent analytics service which will help network providers to interpret network performance data into actionable insights. Oxford Industries, Inc., the designer and marketer of lifestyle brands, outperformed as a result of increased investor confidence in management’s ability to meet guidance for the full year. LiveRamp Holdings, Inc., a provider of marketing database and business intelligence development technology rallied over the period. The stock soared after it announced the sale of the Acxiom Marketing Solutions business for more than expected. In addition, management announced that the proceeds would be used to pay down debt, repurchase shares and invest in growth areas.
The largest detractors from performance relative to the Russell 2000 Index were MDC Partners Inc. Class A (Consumer Discretionary), REV Group, Inc. (Consumer Discretionary), and Graphic Packaging Holding Company (Producer Durables). Shares of MDC Partners, a provider of advertising, communications and strategic consulting solutions, declined after reporting disappointing revenue and earnings as well as lowering recently issued guidance. REV Group, a manufacturer of specialty vehicles, sold off after reporting earnings as investors were disappointed with the weaker margin profile and back-end loaded guidance. Graphic Packaging Holding Company a manufacturer of paperboard packaging fell after reporting disappointing earnings and reducing forward guidance due to higher input costs.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
This past year has experienced some significant changes in terms of market tenor and leadership. Even through the initial volatility was witnessed to start the year, growth and large cap equities continued to be perceived as safe havens. Microcap stocks experienced a period of
|
| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
significant outperformance as risks around escalating trade disputes reached a feverish pitch in the second quarter of 2018. While the environment has certainly changed as we entered the fourth quarter of 2018, market participants spent most of the year favoring: growth and risk factors, sector leadership from Healthcare and Technology, companies with negative earnings outperforming those with positive earnings, and an IPO market that was open to the riskiest of issuers. All of this took place against a backdrop of good economic numbers in the U.S.: solid Gross Domestic Product (GDP) growth, strong labor markets and robust corporate earnings.
Rising interest rates coupled with a flattening yield curve has certainly complicated the outlook, but this has been a good year for the American economy.
This far into an economic recovery, with the U.S. Federal Reserve (Fed) raising rates to preempt inflationary pressures, there is considerable debate around the timing of the next recession. We cannot tell you when the next recession will occur, but we believe the herd of strategists calling for it in 2020 will most likely be proven wrong. Recession speculation aside, the market must continue to digest the reality of slowing corporate earnings growth, continued inflationary pressures, and a fiscal policy backdrop that is less accommodative than what the U.S. markets have experienced the last two years.
We believe the economy is still strong but there are a few discordant signs, such as large non-U.S. economies slowing (U.K., France, Germany, etc.) which is not ideal. We also believe there is continued strength in the labor market with the creation of more than two hundred thousand new jobs per month. With low unemployment at 3.7% as of October 31, 2018, rising wage pressure, and in the absence of immigration reform, we believe this is unlikely to change course in the near term. Headline and core inflation has been rising as measured by the consumer price index (CPI); the year over year pace of core inflation is likely to accelerate, mostly due to wage driven service sector inflation in our view. This should be manageable if the Fed stays ahead of inflation with their “dot plot.” We have been hearing about wage inflation for over two years, even if it is only now beginning to be captured in the official data. We believe rates rises have played out exactly as the Fed has led us to anticipate, but we are beginning to see highly levered companies be penalized, and we expect this to continue. Business sentiment is still strong, near record levels. Consumer sentiment is also still strong and at or near record levels. We believe valuations are middle of the range but still need to digest slower corporate earnings growth. We believe that 2018 earnings growth was an anomaly of tax reform and other fiscal stimuli in the face of monetary tightening. We expect earnings growth to slow considerably and believe the early estimates for 2019 growth will prove too optimistic in the face of high capacity utilization, inflationary cost pressures, higher debt service cost and no tailwind from tax reform. With respect to politics, we believe a divided U.S. government may be beneficial as it may make it more difficult for the government to incur higher levels of debt.
The underlying economy is strong and as long as we get improving nominal GDP growth earnings should continue to grow in our view. However, the margin of error is shrinking as earnings growth is becoming more top line dependent (i.e., dependent on the gross revenue reported by a company) further into an economic expansion where inflationary pressures are mounting.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-cap securities can have greater risks and volatility than large-cap securities. •The main risk of real estate related securities is that the value of the underlying real estate may decrease in value.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 2.0 | % |
Consumer Discretionary | | | 15.5 | |
Consumer Staples | | | 2.3 | |
Energy | | | 2.9 | |
Financials | | | 19.1 | |
Health Care | | | 8.6 | |
Industrials | | | 14.3 | |
Information Technology | | | 15.6 | |
Materials | | | 5.3 | |
Real Estate | | | 5.3 | |
Utilities | | | 1.4 | |
| | | | |
Total | | | 92.3 | % |
| | | | |
Short-Term Investments | | | 9.5 | |
Other Assets & Liabilities | | | (1.8 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Fund Overview
October 31, 2018 (Unaudited)
| | |
Inception 3/31/2006 Sub-advised by Schroder Investment Management North America Inc. | | Investment objective – The Fund seeks capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes a sales charge. Growth results in classes other than Class A will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/18
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -0.66% | | | | 9.00% | | | | 12.50% | |
Class A2 | | | -6.11% | | | | 7.78% | | | | 11.87% | |
Class C1 | | | -1.49% | | | | 8.82% | | | | 12.55% | |
Class C2 | | | -2.46% | | | | 8.82% | | | | 12.55% | |
Class I1 | | | -0.44% | | | | 9.28% | | | | 12.78% | |
Class R31 | | | -1.06% | | | | 9.01% | | | | 12.65% | |
Class R41 | | | -0.74% | | | | 9.14% | | | | 12.71% | |
Class R51 | | | -0.42% | | | | 9.27% | | | | 12.78% | |
Class Y1 | | | -0.46% | | | | 9.30% | | | | 12.79% | |
Class F1 | | | -0.37% | | | | 9.31% | | | | 12.80% | |
Class SDR1 | | | -0.37% | | | | 9.38% | | | | 12.83% | |
Russell 2500 Index | | | 2.80% | | | | 8.32% | | | | 13.55% | |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.
The initial investment in Class A shares reflects the maximum sales charge of 5.50% and returns for Class C shares reflect a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/18, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Performance prior to 10/24/16 for Class A and Class I shares reflects the historical performance, fees and expenses of the then-existing Advisor and Investor Class shares, respectively, of the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”). Class C, Class R3, Class R4, Class R5, and Class Y shares
commenced operations on 10/24/16. Performance prior to 10/24/16 for Class C, Class R3, Class R4, Class R5, and Class Y shares reflects the performance, fees and expenses of the Predecessor Fund’s Investor Class shares. Performance prior to 10/24/16 for Class SDR shares reflects the historical performance, fees and expenses of the then-existing Class R6 shares of the Predecessor Fund and, prior to 12/30/14, the inception date of the then-existing Class R6 shares, the Investor Class shares of the Predecessor Fund.
Class F shares commenced operations on 2/28/17. Performance prior to that date is that of the Fund’s Class I shares. The returns would be different if the Fund’s fees and expenses were reflected for periods prior to 10/24/16.
Russell 2500 Index (reflects no deduction for fees, expenses or taxes) measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as “smid” cap. The Russell 2500 Index is a subset of the Russell 3000 Index and includes approximately 2,500 of the smallest securities based on a combination of their market capitalization and current index membership.
You cannot invest directly in an index.
Performance information may reflect historical or current expense waivers/ reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.32% | | | | 1.32% | |
Class C | | | 2.10% | | | | 2.10% | |
Class I | | | 1.05% | | | | 1.05% | |
Class R3 | | | 1.69% | | | | 1.66% | |
Class R4 | | | 1.39% | | | | 1.36% | |
Class R5 | | | 1.09% | | | | 1.06% | |
Class Y | | | 1.03% | | | | 1.01% | |
Class F | | | 0.97% | | | | 0.96% | |
Class SDR | | | 0.97% | | | | 0.96% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the class’ gross expenses. These arrangements remain in effect until 2/28/19 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the year ended October 31, 2018. |
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Portfolio Managers
Jenny B. Jones
Portfolio Manager
Schroder Investment Management North America Inc.
Robert Kaynor, CFA
Portfolio Manager
Schroder Investment Management North America Inc.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders US Small/Mid Cap Opportunities Fund returned -0.66%, before sales charge, for the twelve-month period ended October 31, 2018, underperforming the Fund’s benchmark, the Russell 2500 Index, which returned 2.80% for the same period. For the same period, Class A shares of the Fund also underperformed the 0.48% average return of the Lipper Mid-Cap Core peer group, a group of funds with investment strategies similar to those of the Fund, during the period.
Why did the Fund perform this way?
U.S. small- and mid-capitalization equities, as measured by the Russell 2500 Index, rose over the one year period ended October 31, 2018. During this twelve-month period we saw the U.S. economy remain fundamentally solid; however there were notable changes in market leadership that occurred throughout the year. The Fund’s fiscal year began with the Fund’s benchmark rising by 9.3% as of the end of the second quarter of 2018. The rally was driven by the low capitalization, low beta and high price-to-earnings (P/E) stocks. In addition, through mid October non-earners (companies with negative earnings) returned 8.4% versus 0.65% for companies in the index with earnings. Companies with low to negative sales growth also outperformed. Finally, companies with low foreign sales outperformed those with high foreign sales.
The arrival of the second half of 2018 marked a change in market leadership as inflation concerns began to spook investors, and the S&P 500 Index posted its biggest quarterly gain in nearly five years in the third quarter of 2018. However, U.S. small caps cooled in September. This was a reversal from the first half of 2018 when microcaps surged and led the market. The third quarter of 2018 has seen larger cap names outperform as small cap exchange-traded fund (ETF) flows moderated this quarter (small cap ETF flows often drive up performance in the smallest, most illiquid stocks). This factor reversal continued into the Fund’s fiscal year end although volatility as measured by the CBOE Volatility Index (Vix) saw a sharp increase in October.
Eight of the ten sectors within the Russell 2500 Index posted positive returns during the period. The Healthcare (12.8%), Consumer Staples (+9.3%) and Consumer Discretionary (6.3%) sectors were the strongest performers during the period, while Materials & Processing (-13.2%), Producer Durables (-0.3%), and Real Estate (+0.8%) sectors were the laggards. Both security selection and allocation hindered the Fund’s performance versus the Russell 2500 Index during the period. Stock selection was strongest within the Materials & Processing, Consumer Discretionary and Technology sectors. Health Care and Consumer
Staples were the largest laggards over the period. The Fund’s holdings also materially underperformed relative to the Russell 2500 in Energy and Producer Durables. Sector allocation, a result of our bottom-up stock selection, detracted from returns relative to the Russell 2500 Index over the period. An underweight to the Health Care sector detracted from performance relative to the Russell 2500 Index but was partially offset by an underweight to Real Estate.
Top contributors to performance relative to the Russell 2500 Index during the period included Advance Auto Parts, Inc. (Consumer Discretionary), Integrated Device Technology, Inc. (Technology), and Nordstrom, Inc. (Consumer Discretionary). Advance Auto Parts, a retailer of aftermarket auto parts, outperformed as a result of harsher weather conditions in key East Coast markets. In addition, sentiment improved as management provided a clearer plan for achieving increased market share. Finally, the stock rallied after strong earnings reports with management also raised guidance. A number of inventory management initiatives are being well executed and there is greater confidence that margin improvement initiatives are gaining traction. Designer and developer of semiconductors for multiple applications, Integrated Device Technology, Inc., rose after reports came out that Japanese semiconductor manufacturer Renesas Electronics, had agreed a deal to acquire the company. Shares of Nordstrom, Inc., a retailer outperformed due to a series of strong earnings, positive sell-side coverage and improved demand trends for the retail industry.
The largest detractors from performance relative to the Russell 2500 Index were DENTSPLY SIRONA, Inc. (Health Care), Fortune Brands Home & Security, Inc. (Consumer Discretionary), and Spectrum Brands Holdings, Inc. (Consumer Staples). DENTSPLY SIRONA, a manufacturer of dental products and technologies declined early on in the year due to uncertainty around management changes. Since then a new CEO has been appointed but the stock continued to struggle. Following multiple meetings with management and expert networks we are comfortable with the long term outlook for DENTSPLY SIRONA and added to the position during the period. We believe they are well positioned in their markets and we believe they will benefit from secular trends of an aging population and increasing wealth in emerging markets. Fortune Brands Home & Security, Inc., a manufacturer and supplier of home and security products and services, underperformed due to wider investor concerns around the strength of the housing market. Spectrum Brands, a manufacturer and distributor of consumer products, declined after releasing a disappointing earnings report which included worse-than-expected organic sales and margins. The company also lowered guidance and announced that its CEO would be stepping down.
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2018 (Unaudited)
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook?
This past year has experienced some significant changes in terms of market tenor and leadership. Even through the initial volatility was witnessed to start the year, growth and large cap equities continued to be perceived as safe havens. Microcap stocks experienced a period of significant outperformance as risks around escalating trade disputes reached a feverish pitch in the second quarter of 2018. While the environment has certainly changed as we entered the fourth quarter of 2018, market participants spent most of the year favoring: growth and risk factors, sector leadership from Healthcare and Technology, companies with negative earnings outperforming those with positive earnings, and an IPO market that was open to the riskiest of issuers. All of this took place against a backdrop of good economic numbers in the U.S.: solid Gross Domestic Product (GDP) growth, strong labor markets and robust corporate earnings.
Rising interest rates coupled with a flattening yield curve has certainly complicated the outlook, but this has been a good year for the American economy.
This far into an economic recovery, with the U.S. Federal Reserve (Fed) raising rates to preempt inflationary pressures, there is considerable debate around the timing of the next recession. We cannot tell you when the next recession will occur, but we believe the herd of strategists calling for it in 2020 will most likely be proven wrong. Recession speculation aside, the market must continue to digest the reality of slowing corporate earnings growth, continued inflationary pressures, and a fiscal policy backdrop that is less accommodative than what the U.S. markets have experienced the last two years.
We believe the economy is still strong but there are few discordant signs, such as large non-U.S. economies slowing (U.K., France, Germany, etc.) which is not ideal. We also believe there is continued strength in the labor market with the creation of more than two hundred thousand new jobs per month. With low unemployment at 3.7% as of October 31, 2018, rising wage pressure, and in the absence of immigration reform, we believe this is unlikely to change course in the near term. Headline and core inflation has been rising as measured by the consumer price index (CPI); the year over year pace of core inflation is likely to accelerate, mostly due to wage driven service sector inflation in our view. This should be manageable if the Fed stays ahead of inflation with their “dot plot.” We have been hearing about wage inflation for over two years, even if it is only now beginning to be captured in the official data. We believe rates rises have played out exactly as the Fed has led us to anticipate, but we are beginning to see highly levered companies be penalized, and we expect this to continue. Business sentiment is still strong, near record levels. Consumer sentiment is also still strong and at or near record levels. We believe valuations are middle of the range but still need to digest slower corporate earnings growth. We believe that 2018 earnings growth was an anomaly of tax reform and other fiscal stimuli in the face of monetary tightening. We expect earnings growth to slow considerably and believe the early estimates for 2019 growth will prove too optimistic in the face of high capacity utilization, inflationary cost pressures, higher debt service cost and no
tailwind from tax reform. With respect to politics, we believe a divided U.S. government may be beneficial as it may make it more difficult for the government to incur higher levels of debt.
The underlying economy is strong and as long as we get improving nominal GDP growth earnings should continue to grow in our view. However, the margin of error is shrinking as earnings growth is becoming more top line dependent (i.e., dependent on the gross revenue reported by a company) further into an economic expansion where inflationary pressures are mounting.
Important Risks
Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities. •The main risk of real estate related securities is that the value of the underlying real estate may decrease in value.
Composition by Sector(1)
as of October 31, 2018
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 2.4 | % |
Consumer Discretionary | | | 10.3 | |
Consumer Staples | | | 2.0 | |
Energy | | | 3.1 | |
Financials | | | 18.8 | |
Health Care | | | 8.4 | |
Industrials | | | 17.1 | |
Information Technology | | | 15.4 | |
Materials | | | 5.3 | |
Real Estate | | | 6.6 | |
Utilities | | | 3.2 | |
| | | | |
Total | | | 92.6 | % |
| | | | |
Short-Term Investments | | | 9.4 | |
Other Assets & Liabilities | | | (2.0 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
Expense Examples (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2018 through October 31, 2018. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.
Actual Expenses
The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During The Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) and CDSC. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Annualized
expense
ratio | |
Hartford Schroders Emerging Markets Equity Fund | |
Class A | | $ | 1,000.00 | | | $ | 843.50 | | | $ | 6.74 | | | $ | 1,000.00 | | | $ | 1,017.90 | | | $ | 7.38 | | | | 1.45 | % |
Class C | | $ | 1,000.00 | | | $ | 840.50 | | | $ | 10.25 | | | $ | 1,000.00 | | | $ | 1,014.07 | | | $ | 11.22 | | | | 2.21 | % |
Class I | | $ | 1,000.00 | | | $ | 844.40 | | | $ | 5.86 | | | $ | 1,000.00 | | | $ | 1,018.85 | | | $ | 6.41 | | | | 1.26 | % |
Class R3 | | $ | 1,000.00 | | | $ | 842.20 | | | $ | 8.08 | | | $ | 1,000.00 | | | $ | 1,016.43 | | | $ | 8.84 | | | | 1.74 | % |
Class R4 | | $ | 1,000.00 | | | $ | 843.00 | | | $ | 6.88 | | | $ | 1,000.00 | | | $ | 1,017.75 | | | $ | 7.53 | | | | 1.48 | % |
Class R5 | | $ | 1,000.00 | | | $ | 845.00 | | | $ | 5.58 | | | $ | 1,000.00 | | | $ | 1,019.16 | | | $ | 6.11 | | | | 1.20 | % |
Class Y | | $ | 1,000.00 | | | $ | 845.20 | | | $ | 5.21 | | | $ | 1,000.00 | | | $ | 1,019.56 | | | $ | 5.70 | | | | 1.12 | % |
Class F | | $ | 1,000.00 | | | $ | 845.00 | | | $ | 5.07 | | | $ | 1,000.00 | | | $ | 1,019.71 | | | $ | 5.55 | | | | 1.09 | % |
Class SDR | | $ | 1,000.00 | | | $ | 845.30 | | | $ | 5.07 | | | $ | 1,000.00 | | | $ | 1,019.71 | | | $ | 5.55 | | | | 1.09 | % |
|
Hartford Schroders Emerging Markets Multi-Sector Bond Fund | |
Class A | | $ | 1,000.00 | | | $ | 950.60 | | | $ | 5.36 | | | $ | 1,000.00 | | | $ | 1,019.71 | | | $ | 5.55 | | | | 1.09 | % |
Class C | | $ | 1,000.00 | | | $ | 946.60 | | | $ | 9.42 | | | $ | 1,000.00 | | | $ | 1,015.53 | | | $ | 9.75 | | | | 1.92 | % |
Class I | | $ | 1,000.00 | | | $ | 950.60 | | | $ | 4.38 | | | $ | 1,000.00 | | | $ | 1,020.72 | | | $ | 4.53 | | | | 0.89 | % |
Class R3 | | $ | 1,000.00 | | | $ | 951.90 | | | $ | 5.22 | | | $ | 1,000.00 | | | $ | 1,019.86 | | | $ | 5.40 | | | | 1.06 | % |
Class R4 | | $ | 1,000.00 | | | $ | 951.10 | | | $ | 4.62 | | | $ | 1,000.00 | | | $ | 1,020.47 | | | $ | 4.79 | | | | 0.94 | % |
Class R5 | | $ | 1,000.00 | | | $ | 951.60 | | | $ | 4.18 | | | $ | 1,000.00 | | | $ | 1,020.92 | | | $ | 4.33 | | | | 0.85 | % |
Class Y | | $ | 1,000.00 | | | $ | 951.80 | | | $ | 3.74 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.87 | | | | 0.76 | % |
Class F | | $ | 1,000.00 | | | $ | 952.10 | | | $ | 3.69 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
Class SDR | | $ | 1,000.00 | | | $ | 951.30 | | | $ | 3.64 | | | $ | 1,000.00 | | | $ | 1,021.48 | | | $ | 3.77 | | | | 0.74 | % |
|
Hartford Schroders Global Strategic Bond Fund | |
Class A | | $ | 1,000.00 | | | $ | 986.10 | | | $ | 5.16 | | | $ | 1,000.00 | | | $ | 1,020.01 | | | $ | 5.24 | | | | 1.03 | % |
Class C | | $ | 1,000.00 | | | $ | 984.20 | | | $ | 8.45 | | | $ | 1,000.00 | | | $ | 1,016.69 | | | $ | 8.59 | | | | 1.69 | % |
Class I | | $ | 1,000.00 | | | $ | 988.60 | | | $ | 3.86 | | | $ | 1,000.00 | | | $ | 1,021.32 | | | $ | 3.92 | | | | 0.77 | % |
Class R3 | | $ | 1,000.00 | | | $ | 987.80 | | | $ | 4.51 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
Class R4 | | $ | 1,000.00 | | | $ | 988.00 | | | $ | 4.31 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class R5 | | $ | 1,000.00 | | | $ | 988.50 | | | $ | 4.31 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class Y | | $ | 1,000.00 | | | $ | 988.80 | | | $ | 3.51 | | | $ | 1,000.00 | | | $ | 1,021.68 | | | $ | 3.57 | | | | 0.70 | % |
Class F | | $ | 1,000.00 | | | $ | 989.00 | | | $ | 3.21 | | | $ | 1,000.00 | | | $ | 1,021.98 | | | $ | 3.26 | | | | 0.64 | % |
Class SDR | | $ | 1,000.00 | | | $ | 990.00 | | | $ | 3.21 | | | $ | 1,000.00 | | | $ | 1,021.98 | | | $ | 3.26 | | | | 0.64 | % |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Beginning
Account Value
May 1, 2018 | | | Ending
Account Value
October 31, 2018 | | | Expenses paid
during the period
May 1, 2018
through
October 31, 2018 | | | Annualized
expense
ratio | |
|
Hartford Schroders International Multi-Cap Value Fund | |
Class A | | $ | 1,000.00 | | | $ | 884.30 | | | $ | 5.22 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.60 | | | | 1.10 | % |
Class C | | $ | 1,000.00 | | | $ | 880.20 | | | $ | 8.86 | | | $ | 1,000.00 | | | $ | 1,015.78 | | | $ | 9.50 | | | | 1.87 | % |
Class I | | $ | 1,000.00 | | | $ | 885.30 | | | $ | 4.09 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class R3 | | $ | 1,000.00 | | | $ | 883.60 | | | $ | 6.79 | | | $ | 1,000.00 | | | $ | 1,018.00 | | | $ | 7.27 | | | | 1.43 | % |
Class R4 | | $ | 1,000.00 | | | $ | 883.90 | | | $ | 5.56 | | | $ | 1,000.00 | | | $ | 1,019.31 | | | $ | 5.96 | | | | 1.17 | % |
Class R5 | | $ | 1,000.00 | | | $ | 885.20 | | | $ | 4.09 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class Y | | $ | 1,000.00 | | | $ | 885.60 | | | $ | 3.90 | | | $ | 1,000.00 | | | $ | 1,021.07 | | | $ | 4.18 | | | | 0.82 | % |
Class F | | $ | 1,000.00 | | | $ | 885.90 | | | $ | 3.57 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
Class SDR | | $ | 1,000.00 | | | $ | 886.60 | | | $ | 3.57 | | | $ | 1,000.00 | | | $ | 1,021.43 | | | $ | 3.82 | | | | 0.75 | % |
|
Hartford Schroders International Stock Fund | |
Class A | | $ | 1,000.00 | | | $ | 910.20 | | | $ | 5.49 | | | $ | 1,000.00 | | | $ | 1,019.46 | | | $ | 5.80 | | | | 1.14 | % |
Class C | | $ | 1,000.00 | | | $ | 907.00 | | | $ | 9.37 | | | $ | 1,000.00 | | | $ | 1,015.38 | | | $ | 9.91 | | | | 1.95 | % |
Class I | | $ | 1,000.00 | | | $ | 911.80 | | | $ | 4.14 | | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Class R3 | | $ | 1,000.00 | | | $ | 911.00 | | | $ | 4.77 | | | $ | 1,000.00 | | | $ | 1,020.22 | | | $ | 5.04 | | | | 0.99 | % |
Class R4 | | $ | 1,000.00 | | | $ | 911.80 | | | $ | 4.63 | | | $ | 1,000.00 | | | $ | 1,020.37 | | | $ | 4.89 | | | | 0.96 | % |
Class R5 | | $ | 1,000.00 | | | $ | 911.80 | | | $ | 4.48 | | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
Class Y | | $ | 1,000.00 | | | $ | 911.90 | | | $ | 3.90 | | | $ | 1,000.00 | | | $ | 1,021.12 | | | $ | 4.13 | | | | 0.81 | % |
Class F | | $ | 1,000.00 | | | $ | 911.80 | | | $ | 3.86 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.08 | | | | 0.80 | % |
Class SDR | | $ | 1,000.00 | | | $ | 911.80 | | | $ | 3.86 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.08 | | | | 0.80 | % |
|
Hartford Schroders Tax-Aware Bond Fund | |
Class A | | $ | 1,000.00 | | | $ | 997.50 | | | $ | 3.57 | | | $ | 1,000.00 | | | $ | 1,021.63 | | | $ | 3.62 | | | | 0.71 | % |
Class C | | $ | 1,000.00 | | | $ | 992.00 | | | $ | 7.73 | | | $ | 1,000.00 | | | $ | 1,017.44 | | | $ | 7.83 | | | | 1.54 | % |
Class I | | $ | 1,000.00 | | | $ | 998.00 | | | $ | 2.32 | | | $ | 1,000.00 | | | $ | 1,022.89 | | | $ | 2.35 | | | | 0.46 | % |
Class Y | | $ | 1,000.00 | | | $ | 997.80 | | | $ | 2.42 | | | $ | 1,000.00 | | | $ | 1,022.79 | | | $ | 2.45 | | | | 0.48 | % |
Class F | | $ | 1,000.00 | | | $ | 997.90 | | | $ | 2.32 | | | $ | 1,000.00 | | | $ | 1,022.89 | | | $ | 2.35 | | | | 0.46 | % |
Class SDR | | $ | 1,000.00 | | | $ | 998.00 | | | $ | 2.32 | | | $ | 1,000.00 | | | $ | 1,022.89 | | | $ | 2.35 | | | | 0.46 | % |
|
Hartford Schroders US Small Cap Opportunities Fund | |
Class A | | $ | 1,000.00 | | | $ | 990.30 | | | $ | 6.72 | | | $ | 1,000.00 | | | $ | 1,018.45 | | | $ | 6.82 | | | | 1.34 | % |
Class C | | $ | 1,000.00 | | | $ | 986.40 | | | $ | 10.46 | | | $ | 1,000.00 | | | $ | 1,014.67 | | | $ | 10.61 | | | | 2.09 | % |
Class I | | $ | 1,000.00 | | | $ | 991.50 | | | $ | 5.22 | | | $ | 1,000.00 | | | $ | 1,019.96 | | | $ | 5.30 | | | | 1.04 | % |
Class R3 | | $ | 1,000.00 | | | $ | 988.80 | | | $ | 7.92 | | | $ | 1,000.00 | | | $ | 1,017.24 | | | $ | 8.03 | | | | 1.58 | % |
Class R4 | | $ | 1,000.00 | | | $ | 991.10 | | | $ | 5.62 | | | $ | 1,000.00 | | | $ | 1,019.56 | | | $ | 5.70 | | | | 1.12 | % |
Class R5 | | $ | 1,000.00 | | | $ | 991.50 | | | $ | 5.27 | | | $ | 1,000.00 | | | $ | 1,019.91 | | | $ | 5.35 | | | | 1.05 | % |
Class Y | | $ | 1,000.00 | | | $ | 991.80 | | | $ | 4.77 | | | $ | 1,000.00 | | | $ | 1,020.42 | | | $ | 4.84 | | | | 0.95 | % |
Class F | | $ | 1,000.00 | | | $ | 991.80 | | | $ | 4.77 | | | $ | 1,000.00 | | | $ | 1,020.42 | | | $ | 4.84 | | | | 0.95 | % |
Class SDR | | $ | 1,000.00 | | | $ | 992.20 | | | $ | 4.77 | | | $ | 1,000.00 | | | $ | 1,020.42 | | | $ | 4.84 | | | | 0.95 | % |
|
Hartford Schroders US Small/Mid Cap Opportunities Fund | |
Class A | | $ | 1,000.00 | | | $ | 990.60 | | | $ | 6.27 | | | $ | 1,000.00 | | | $ | 1,018.90 | | | $ | 6.36 | | | | 1.25 | % |
Class C | | $ | 1,000.00 | | | $ | 986.60 | | | $ | 10.11 | | | $ | 1,000.00 | | | $ | 1,015.02 | | | $ | 10.26 | | | | 2.02 | % |
Class I | | $ | 1,000.00 | | | $ | 991.60 | | | $ | 4.97 | | | $ | 1,000.00 | | | $ | 1,020.22 | | | $ | 5.04 | | | | 0.99 | % |
Class R3 | | $ | 1,000.00 | | | $ | 988.80 | | | $ | 8.02 | | | $ | 1,000.00 | | | $ | 1,017.14 | | | $ | 8.13 | | | | 1.60 | % |
Class R4 | | $ | 1,000.00 | | | $ | 990.20 | | | $ | 6.52 | | | $ | 1,000.00 | | | $ | 1,018.65 | | | $ | 6.61 | | | | 1.30 | % |
Class R5 | | $ | 1,000.00 | | | $ | 991.60 | | | $ | 5.02 | | | $ | 1,000.00 | | | $ | 1,020.16 | | | $ | 5.09 | | | | 1.00 | % |
Class Y | | $ | 1,000.00 | | | $ | 991.60 | | | $ | 4.72 | | | $ | 1,000.00 | | | $ | 1,020.47 | | | $ | 4.79 | | | | 0.94 | % |
Class F | | $ | 1,000.00 | | | $ | 991.60 | | | $ | 4.52 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
Class SDR | | $ | 1,000.00 | | | $ | 992.40 | | | $ | 4.52 | | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.7% | |
| | | | Argentina - 0.2% | |
| | 641,948 | | | BBVA Banco Frances S.A. ADR | | $ | 7,042,169 | |
| | | | | | | | |
| | | | Brazil - 9.6% | |
| | 2,886,307 | | | B3 S.A. - Brasil Bolsa Balcao | | | 20,583,794 | |
| | 2,215,113 | | | Banco Bradesco S.A. ADR | | | 20,312,586 | |
| | 869,100 | | | Equatorial Energia S.A. | | | 15,878,035 | |
| | 4,734,827 | | | Itau Unibanco Holding S.A. ADR | | | 62,357,672 | |
| | 2,610,100 | | | Klabin S.A. | | | 13,094,335 | |
| | 3,268,886 | | | Lojas Renner S.A. | | | 33,027,036 | |
| | 345,139 | | | Pagseguro Digital Ltd. Class A*(1) | | | 9,315,302 | |
| | 2,172,047 | | | Petroleo Brasileiro S.A. ADR | | | 34,595,960 | |
| | 882,777 | | | Raia Drogasil S.A. | | | 14,901,532 | |
| | 3,246,480 | | | Vale S.A. ADR | | | 49,021,848 | |
| | 3,138,010 | | | WEG S.A. | | | 15,177,799 | |
| | | | | | | | |
| | | | 288,265,899 | |
| | | | | |
| | | | Chile - 0.6% | |
| | 617,887 | | | Banco Santander Chile ADR | | | 18,202,951 | |
| | | | | | | | |
| | | | China - 24.6% | |
| | 863,473 | | | Alibaba Group Holding Ltd. ADR* | | | 122,854,938 | |
| | 4,690,000 | | | Anhui Conch Cement Co., Ltd. Class H | | | 24,308,924 | |
| | 115,658,320 | | | China Construction Bank Corp. Class H | | | 91,780,285 | |
| | 11,309,800 | | | China Pacific Insurance Group Co., Ltd. Class H | | | 42,224,022 | |
| | 78,217,600 | | | China Petroleum & Chemical Corp. Class H | | | 63,714,167 | |
| | 33,143,000 | | | CNOOC Ltd. | | | 56,441,828 | |
| | 12,568,000 | | | Guangzhou Automobile Group Co., Ltd. Class H | | | 12,738,217 | |
| | 25,114,000 | | | Industrial & Commercial Bank of China Ltd. Class H | | | 17,039,160 | |
| | 317,990 | | | iQIYI, Inc. ADR*(1) | | | 6,245,324 | |
| | 1,747,045 | | | Meituan Dianping Class B*(1) | | | 11,295,045 | |
| | 5,819,743 | | | Midea Group Co., Ltd. Class A | | | 31,155,309 | |
| | 316,545 | | | New Oriental Education & Technology Group, Inc. ADR* | | | 18,521,048 | |
| | 34,816,000 | | | PICC Property & Casualty Co., Ltd. Class H | | | 33,842,531 | |
| | 2,662,000 | | | Shenzhou International Group Holdings Ltd. | | | 29,512,512 | |
| | 4,634,100 | | | Tencent Holdings Ltd. | | | 158,760,837 | |
| | 2,983,900 | | | Zhuzhou CRRC Times Electric Co., Ltd. Class H | | | 15,995,622 | |
| | | | | | | | |
| | | | 736,429,769 | |
| | | | | |
| | | | Egypt - 0.5% | |
| | 970,991 | | | Commercial International Bank Egypt S.A.E. | | | 4,350,495 | |
| | 2,591,827 | | | Commercial International Bank Egypt S.A.E. GDR | | | 11,261,488 | |
| | | | | | | | |
| | | | 15,611,983 | |
| | | | | |
| | | | Greece - 1.1% | |
| | 8,344,823 | | | Alpha Bank A.E.* | | | 12,593,345 | |
| | 1,481,747 | | | Hellenic Telecommunications Organization S.A. | | | 16,513,182 | |
| | 2,467,998 | | | National Bank of Greece S.A.* | | | 4,271,531 | |
| | | | | | | | |
| | | | 33,378,058 | |
| | | | | |
| | | | Hong Kong - 5.1% | |
| | 8,104,200 | | | AIA Group Ltd. | | | 61,648,997 | |
| | 12,502,000 | | | China Mengniu Dairy Co., Ltd.* | | | 36,991,927 | |
| | 3,587,000 | | | China Mobile Ltd. | | | 33,602,579 | |
| | 6,008,000 | | | China Resources Beer Holdings Co., Ltd. | | | 20,935,619 | |
| | | | | | | | |
| | | | 153,179,122 | |
| | | | | |
| | | | Hungary - 2.0% | |
| | 1,468,603 | | | MOL Hungarian Oil & Gas plc | | | 15,398,674 | |
| | 667,222 | | | OTP Bank Nyrt | | | 23,970,237 | |
| | 1,115,867 | | | Richter Gedeon Nyrt | | | 20,727,762 | |
| | | | | | | | |
| | | | 60,096,673 | |
| | | | | |
| | | | India - 5.5% | |
| | 1,931,160 | | | HDFC Bank Ltd. | | | 49,927,583 | |
| | 1,043,839 | | | Hindustan Unilever Ltd. | | | 22,916,963 | |
| | 5,820,918 | | | Infosys Ltd. | | | 53,791,417 | |
| | 6,035,626 | | | ITC Ltd. | | | 22,872,209 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.7% - (continued) | |
| | | | India - 5.5% - (continued) | |
| | 165,922 | | | Maruti Suzuki India Ltd. | | $ | 14,846,508 | |
| | | | | | | | |
| | | | 164,354,680 | |
| | | | | |
| | | | Indonesia - 0.4% | |
| | 22,323,600 | | | Astra International Tbk PT | | | 11,611,951 | |
| | | | | | | | |
| | | | Mexico - 2.0% | |
| | 1,956,873 | | | America Movil S.A.B. de C.V. Class L, ADR | | | 28,159,403 | |
| | 382,516 | | | Fomento Economico Mexicano S.A.B. de C.V. ADR | | | 32,540,636 | |
| | | | | | | | |
| | | | 60,700,039 | |
| | | | | |
| | | | Pakistan - 0.2% | |
| | 3,442,700 | | | Habib Bank Ltd. | | | 3,787,945 | |
| | 2,668,800 | | | United Bank Ltd. | | | 3,021,717 | |
| | | | | | | | |
| | | | 6,809,662 | |
| | | | | |
| | | | Peru - 0.9% | |
| | 115,971 | | | Credicorp Ltd. | | | 26,175,814 | |
| | | | | | | | |
| | | | Poland - 2.8% | |
| | 911,367 | | | Bank Polska Kasa Opieki S.A. | | | 24,845,937 | |
| | 168,054 | | | PLAY Communications S.A.(2) | | | 721,300 | |
| | 4,079,982 | | | Powszechna Kasa Oszczednosci Bank Polski S.A. | | | 42,372,289 | |
| | 1,640,630 | | | Powszechny Zaklad Ubezpieczen S.A. | | | 16,719,621 | |
| | | | | | | | |
| | | | 84,659,147 | |
| | | | | |
| | | | Russia - 6.3% | |
| | 1,322,167 | | | LUKOIL PJSC ADR | | | 98,581,229 | |
| | 193,742 | | | Novatek PJSC GDR | | | 32,676,025 | |
| | 4,299,721 | | | Sberbank of Russia PJSC ADR | | | 50,592,362 | |
| | 252,083 | | | X5 Retail Group N.V. GDR | | | 5,918,091 | |
| | | | | | | | |
| | | | 187,767,707 | |
| | | | | |
| | | | South Africa - 3.5% | |
| | 1,378,925 | | | Absa Group Ltd. | | | 13,933,052 | |
| | 1,497,986 | | | AVI Ltd. | | | 10,154,116 | |
| | 432,432 | | | Bid Corp. Ltd. | | | 8,096,773 | |
| | 6,203,609 | | | FirstRand Ltd. | | | 27,095,264 | |
| | 261,478 | | | Naspers Ltd. Class N | | | 45,863,462 | |
| | | | | | | | |
| | | | 105,142,667 | |
| | | | | |
| | | | South Korea - 17.1% | |
| | 95,932 | | | Amorepacific Corp. | | | 12,961,533 | |
| | 949,164 | | | DGB Financial Group, Inc. | | | 7,850,756 | |
| | 825,398 | | | Hana Financial Group, Inc. | | | 27,804,040 | |
| | 273,583 | | | Hyundai Motor Co. | | | 25,624,576 | |
| | 147,329 | | | Korea Kolmar Co., Ltd. | | | 7,035,609 | |
| | 50,910 | | | Korea Zinc Co., Ltd. | | | 16,979,452 | |
| | 143,466 | | | LG Chem Ltd. | | | 43,839,708 | |
| | 66,946 | | | LG Innotek Co., Ltd. | | | 7,346,831 | |
| | 13,888 | | | Medy-Tox, Inc. | | | 5,689,462 | |
| | 195,518 | | | NAVER Corp. | | | 19,689,510 | |
| | 62,393 | | | NCSoft Corp. | | | 23,581,870 | |
| | 128,240 | | | Samsung C&T Corp. | | | 12,273,562 | |
| | 4,953,520 | | | Samsung Electronics Co., Ltd. | | | 185,438,934 | |
| | 953,968 | | | Shinhan Financial Group Co., Ltd. | | | 35,531,304 | |
| | 77,577 | | | SK Holdings Co., Ltd. | | | 17,862,576 | |
| | 173,399 | | | SK Hynix, Inc. | | | 10,443,015 | |
| | 274,067 | | | SK Innovation Co., Ltd. | | | 51,434,147 | |
| | | | | | | | |
| | | | 511,386,885 | |
| | | | | |
| | | | Taiwan - 10.6% | |
| | 13,989,036 | | | ASE Technology Holding, Co., Ltd.* | | | 28,214,819 | |
| | 28,437,489 | | | Cathay Financial Holding Co., Ltd. | | | 45,149,420 | |
| | 691,000 | | | Ennoconn Corp. | | | 4,595,792 | |
| | 13,414,570 | | | Hon Hai Precision Industry Co., Ltd. | | | 34,147,437 | |
| | 313,000 | | | Largan Precision Co., Ltd. | | | 34,199,443 | |
| | 22,942,139 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 172,235,405 | |
| | | | | | | | |
| | | | 318,542,316 | |
| | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.7% - (continued) | |
| | | | Thailand - 2.5% | |
| | 2,819,300 | | | Bangkok Bank PCL NVDR | | $ | 17,621,104 | |
| | 1,061,775 | | | Kasikornbank PCL | | | 6,393,580 | |
| | 4,711,325 | | | Kasikornbank PCL NVDR | | | 28,360,595 | |
| | 4,379,400 | | | PTT Exploration & Production PCL | | | 18,429,149 | |
| | 6,550,100 | | | Thai Beverage PCL(1) | | | 2,958,495 | |
| | | | | | | | |
| | | | 73,762,923 | |
| | | | | |
| | | | Turkey - 0.6% | |
| | 699,771 | | | Tupras Turkiye Petrol Rafinerileri AS | | | 16,510,158 | |
| | | | | | | | |
| | | | United Arab Emirates - 0.6% | |
| | 759,625 | | | DP World Ltd. | | | 13,665,654 | |
| | 3,859,195 | | | Emaar Properties PJSC | | | 5,354,623 | |
| | | | | | | | |
| | | | 19,020,277 | |
| | | | | |
| | |
| | | | Total Common Stocks
(cost $2,523,080,532) | | $ | 2,898,650,850 | |
| | | | | | | | |
|
| PREFERRED STOCKS - 0.3% | |
| | | | South Korea - 0.3% | |
| | 169,823 | | | Hyundai Motor Co., 3.94% | | $ | 10,570,186 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $14,631,493) | | $ | 10,570,186 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $2,537,712,025) | | $ | 2,909,221,036 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 3.5% | |
| | | | Other Investment Pools & Funds - 3.2% | |
| | 94,400,634 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 2.00%(3) | | $ | 94,400,634 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.3% | |
| | 458,959 | | | Citibank NA DDCA, 2.19%, 11/1/2018(3) | | | 458,959 | |
| | 3,554,128 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(3) | | | 3,554,128 | |
| | 1,044,575 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(3) | | | 1,044,575 | |
| | 2,535,578 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(3) | | | 2,535,578 | |
| | 485,214 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(3) | | | 485,214 | |
| | 1,100,725 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(3) | | | 1,100,725 | |
| | | | | | | | |
| | | | 9,179,179 | |
| | | | | |
| | |
| | | | Total Short-Term Investments
(cost $103,579,813) | | $ | 103,579,813 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $2,641,291,838) | | | 100.5 | % | | $ | 3,012,800,849 | |
| | | | Other Assets and Liabilities | | | (0.5 | )% | | | (13,999,040 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 2,998,801,809 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of this security was $721,300, representing 0.0% of total net assets. |
| (3) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
GDR | | Global Depositary Receipt |
NVDR | | Non-Voting Depositary Receipt |
PJSC | | Private Joint Stock Company |
PT | | Perseroan Terbatas |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Argentina | | $ | 7,042,169 | | | $ | 7,042,169 | | | $ | — | | | $ | — | |
Brazil | | | 288,265,899 | | | | 288,265,899 | | | | — | | | | — | |
Chile | | | 18,202,951 | | | | 18,202,951 | | | | — | | | | — | |
China | | | 736,429,769 | | | | 158,916,355 | | | | 577,513,414 | | | | — | |
Egypt | | | 15,611,983 | | | | 15,611,983 | | | | — | | | | — | |
Greece | | | 33,378,058 | | | | — | | | | 33,378,058 | | | | — | |
Hong Kong | | | 153,179,122 | | | | — | | | | 153,179,122 | | | | — | |
Hungary | | | 60,096,673 | | | | — | | | | 60,096,673 | | | | — | |
India | | | 164,354,680 | | | | — | | | | 164,354,680 | | | | — | |
Indonesia | | | 11,611,951 | | | | — | | | | 11,611,951 | | | | — | |
Mexico | | | 60,700,039 | | | | 60,700,039 | | | | — | | | | — | |
Pakistan | | | 6,809,662 | | | | 6,809,662 | | | | — | | | | — | |
Peru | | | 26,175,814 | | | | 26,175,814 | | | | — | | | | — | |
Poland | | | 84,659,147 | | | | — | | | | 84,659,147 | | | | — | |
Russia | | | 187,767,707 | | | | 1,769,864 | | | | 185,997,843 | | | | — | |
South Africa | | | 105,142,667 | | | | 10,154,116 | | | | 94,988,551 | | | | — | |
South Korea | | | 511,386,885 | | | | — | | | | 511,386,885 | | | | — | |
Taiwan | | | 318,542,316 | | | | — | | | | 318,542,316 | | | | — | |
Thailand | | | 73,762,923 | | | | 18,429,149 | | | | 55,333,774 | | | | — | |
Turkey | | | 16,510,158 | | | | — | | | | 16,510,158 | | | | — | |
United Arab Emirates | | | 19,020,277 | | | | 13,665,654 | | | | 5,354,623 | | | | — | |
Preferred Stocks | | | 10,570,186 | | | | — | | | | 10,570,186 | | | | — | |
Short-Term Investments | | | 103,579,813 | | | | 103,579,813 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 3,012,800,849 | | | $ | 729,323,468 | | | $ | 2,283,477,381 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 35.4% | |
| | | | | | | Austria - 0.6% | |
| | $ | | | | 278,000 | | | ESAL GmbH 6.25%, 02/05/2023(1) | | $ | 272,788 | |
| | | | | 350,000 | | | JBS Investments II GmbH 7.00%, 01/15/2026(1) | | | 345,625 | |
| | | | | | | | | | | | |
| | | | 618,413 | |
| | | | | |
| | | | Bermuda - 0.7% | |
| | | | | 1,080,000 | | | Digicel Group Ltd. 8.25%, 09/30/2020(1) | | | 772,211 | |
| | | | | | | | | | | | |
| | | | Brazil - 0.4% | |
| | | | | 400,000 | | | Light Servicos de Electricidade S.A. 7.25%, 05/03/2023(1) | | | 390,004 | |
| | | | | | | | | | | | |
| | | | British Virgin Islands - 2.1% | |
| | | | | 765,000 | | | China Railway Xunjie Co., Ltd. 3.25%, 07/28/2026(2) | | | 701,853 | |
| | | | | 935,000 | | | CLP Power Hong Kong Financing Ltd. 3.13%, 05/06/2025(2) | | | 883,862 | |
| | | | | 600,000 | | | Talent Yield Investments Ltd. 4.50%, 04/25/2022(1) | | | 600,891 | |
| | | | | | | | | | | | |
| | | | 2,186,606 | |
| | | | | |
| | | | Canada - 0.9% | |
| | | | | 945,000 | | | Canacol Energy Ltd. 7.25%, 05/03/2025(1) | | | 907,209 | |
| | | | | | | | | | | | |
| | | | Cayman Islands - 3.2% | |
| | | | | 353,000 | | | 361 Degrees International Ltd. 7.25%, 06/03/2021(2) | | | 335,318 | |
| | | | | 715,000 | | | Alibaba Group Holding Ltd. 3.60%, 11/28/2024 | | | 695,656 | |
| | | | | 1,033,000 | | | Braskem Finance Ltd. 7.38%, 11/08/2018(1)(3) | | | 1,036,874 | |
| | | | | 1,190,000 | | | CSN Islands XII Corp. 7.00%, 12/23/2018(1)(3) | | | 889,537 | |
| | | | | 418,000 | | | Gol Finance, Inc. 7.00%, 01/31/2025(1) | | | 366,241 | |
| | | | | | | | | | | | |
| | | | 3,323,626 | |
| | | | | |
| | | | Chile - 1.6% | |
| | | | | 1,147,800 | | | Empresa Electrica Angamos S.A. 4.88%, 05/25/2029(1) | | | 1,117,900 | |
| | | | | 540,000 | | | Empresa Nacional del Petroleo 4.38%, 10/30/2024(1) | | | 524,988 | |
| | | | | | | | | | | | |
| | | | 1,642,888 | |
| | | | | |
| | | | China - 0.6% | |
| | | | | 702,000 | | | Bank of China Ltd. 3.88%, 06/30/2025(2) | | | 685,473 | |
| | | | | | | | | | | | |
| | | | Colombia - 2.1% | |
| | | | | 905,000 | | | Credivalores-Crediservicios SAS 9.75%, 07/27/2022(1)(4) | | | 884,185 | |
| | | | | 1,041,000 | | | Ecopetrol S.A. 5.88%, 05/28/2045 | | | 992,073 | |
| | COP | | | | 1,298,000,000 | | | Empresa de Telecomunicaciones de Bogota 7.00%, 01/17/2023(1) | | | 343,169 | |
| | | | | | | | | | | | |
| | | | 2,219,427 | |
| | | | | |
| | | | Hong Kong - 1.7% | |
| | $ | | | | 1,170,000 | | | Beijing State-Owned Assets Management Hong Kong Co., Ltd. 4.13%, 05/26/2025(2) | | | 1,120,952 | |
| | | | | 740,000 | | | CRCC Yuxiang Ltd. 3.50%, 05/16/2023(2) | | | 716,184 | |
| | | | | | | | | | | | |
| | | | 1,837,136 | |
| | | | | |
| | | | | | | Indonesia - 0.8% | |
| | | | | 915,000 | | | ABM Investama Tbk PT 7.13%, 08/01/2022(1) | | | 827,516 | |
| | | | | | | | | | | | |
| | | | | | | Ireland - 0.7% | |
| | | | | 769,000 | | | C&W Senior Financing Designated Activity Co. 6.88%, 09/15/2027(1) | | | 732,472 | |
| | | | | | | | | | | | |
| | | | | | | Luxembourg - 1.3% | |
| | | | | 540,000 | | | Hidrovias International Finance S.a.r.l. 5.95%, 01/24/2025(1)(4) | | | 500,850 | |
| | | | | 895,000 | | | JSL Europe S.A. 7.75%, 07/26/2024(1) | | | 828,322 | |
| | | | | | | | | | | | |
| | | | 1,329,172 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 35.4% - (continued) | |
| | | | | | | Mexico - 8.1% | |
| | $ | | | | 290,000 | | | Alfa S.A.B. de C.V. 6.88%, 03/25/2044(1) | | $ | 289,495 | |
| | | | | 575,000 | | | Alpek S.A.B. de C.V. 4.50%, 11/20/2022(1) | | | 562,068 | |
| | | | | 950,000 | | | Alpha Holding S.A. de C.V. 10.00%, 12/19/2022(1) | | | 788,272 | |
| | | | | 835,000 | | | Axtel S.A.B. de C.V. 6.38%, 11/14/2024(1) | | | 798,469 | |
| | | | | 950,000 | | | Banco Mercantil del Norte S.A. 5 year CMT + 5.035%, 6.88%, 07/06/2022(1)(3)(5) | | | 934,335 | |
| | | | | 1,115,310 | | | Cometa Energia S.A. de C.V. 6.38%, 04/24/2035(1) | | | 1,077,445 | |
| | | | | 790,000 | | | Credito Real S.A.B. de C.V. SOFOM ER
9.13%, 11/29/2022(1)(3)(5) | | | 774,998 | |
| | | | | 263,912 | | | Mexico Generadora de Energia S de rl 5.50%, 12/06/2032(1) | | | 256,063 | |
| | | | | 1,940,000 | | | Petroleos Mexicanos 5.63%, 01/23/2046 | | | 1,503,112 | |
| | | | | 215,000 | | | Sixsigma Networks Mexico S.A. de C.V. 7.50%, 05/02/2025(1) | | | 202,906 | |
| | | | | 575,000 | | | TV Azteca S.A.B. de C.V. 8.25%, 08/09/2024(2) | | | 568,071 | |
| | | | | 835,000 | | | Unifin Financiera S.A.B. de C.V. SOFOM ENR
7.25%, 09/27/2023(1) | | | 807,028 | |
| | | | | | | | | | | | |
| | | | 8,562,262 | |
| | | | | | | | | | | | |
| | | | | | | Netherlands - 1.7% | |
| | | | | 945,000 | | | Metinvest B.V. 7.75%, 04/23/2023(1) | | | 907,200 | |
| | | | | 1,115,000 | | | Nostrum Oil & Gas Finance B.V. 7.00%, 02/16/2025(1) | | | 897,575 | |
| | | | | | | | | | | | |
| | | | 1,804,775 | |
| | | | | | | | | | | | |
| | | | | | | Panama - 1.0% | |
| | | | | 1,100,000 | | | AES El Salvador Trust II 6.75%, 03/28/2023(1) | | | 1,009,261 | |
| | | | | | | | | | | | |
| | | | | | | Peru - 0.7% | |
| | | | | 810,000 | | | Petroleos del Peru S.A. 4.75%, 06/19/2032(1) | | | 750,465 | |
| | | | | | | | | | | | |
| | | | | | | Singapore - 0.6% | |
| | | | | 715,000 | | | SingTel Group Treasury Pte Ltd. 3.25%, 06/30/2025(2) | | | 685,034 | |
| | | | | | | | | | | | |
| | | | | | | South Africa - 2.0% | |
| | | | | 2,235,000 | | | Eskom Holdings SOC Ltd. 6.75%, 08/06/2023(1) | | | 2,089,725 | |
| | | | | | | | | | | | |
| | | | | | | South Korea - 1.3% | |
| | | | | 725,000 | | | Hyundai Capital Services, Inc. 3.00%, 03/06/2022(1) | | | 697,838 | |
| | | | | 740,000 | | | Kia Motors Corp. 3.00%, 04/25/2023(1) | | | 702,110 | |
| | | | | | | | | | | | |
| | | | 1,399,948 | |
| | | | | |
| | | | Spain - 0.9% | |
| | | | | 945,000 | | | AI Candelaria Spain SLU 7.50%, 12/15/2028(1) | | | 929,691 | |
| | | | | | | | | | | | |
| | | | Turkey - 1.4% | |
| | | | | 370,000 | | | Akbank Turk AS 5 year USD Swap + 4.029%, 6.80%, 04/27/2028(1)(5) | | | 296,048 | |
| | | | | 310,000 | | | Turk Telekomunikasyon AS 4.88%, 06/19/2024(1)(4) | | | 268,163 | |
| | | | | 1,040,000 | | | Turkcell Iletisim Hizmetleri AS 5.80%, 04/11/2028(1) | | | 899,267 | |
| | | | | | | | | | | | |
| | | | 1,463,478 | |
| | | | | |
| | | | United Kingdom - 1.0% | |
| | | | | 1,070,000 | | | MARB BondCo plc 6.88%, 01/19/2025(1) | | | 1,005,479 | |
| | | | | | | | | | | | |
| | |
| | | | Total Corporate Bonds
(cost $39,116,028) | | $ | 37,172,271 | |
| | | | | | | | |
| | | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| FOREIGN GOVERNMENT OBLIGATIONS - 58.5% | |
| | | | Argentina - 11.7% | |
| | | | Argentine Republic Government International Bond | |
| | $ | | | | 950,000 | | | 6.88%, 04/22/2021 | | $ | 908,675 | |
| | | | | 3,350,000 | | | 6.88%, 01/26/2027(4) | | | 2,788,875 | |
| | | | | 1,195,000 | | | 7.50%, 04/22/2026 | | | 1,042,638 | |
| | | | Provincia de Buenos Aires | |
| | | | | 5,138,000 | | | 7.88%, 06/15/2027(1) | | | 4,015,398 | |
| | | | | 1,291,000 | | | 9.13%, 03/16/2024(1) | | | 1,152,230 | |
| | | | | 2,610,000 | | | Provincia de Cordoba 7.13%, 06/10/2021(1) | | | 2,414,250 | |
| | | | | | | | | | | | |
| | | | 12,322,066 | |
| | | | | |
| | | | Bahrain - 1.0% | |
| | | | | 1,065,000 | | | Bahrain Government International Bond 7.00%, 10/12/2028(1) | | | 1,039,589 | |
| | | | | | | | | | | | |
| | | | Brazil - 4.3% | |
| | | | Brazil Notas do Tesouro Nacional | |
| | BRL | | | | 10,825,000 | | | 10.00%, 01/01/2023 | | | 2,985,638 | |
| | | | | 4,199,000 | | | 10.00%, 01/01/2025 | | | 1,146,589 | |
| | | | | 1,418,000 | | | 10.00%, 01/01/2027 | | | 381,460 | |
| | | | | | | | | | | | |
| | | | 4,513,687 | |
| | | | | |
| | | | Cameroon - 1.5% | |
| | $ | | | | 1,470,000 | | | Republic of Cameroon International Bond 9.50%, 11/19/2025(1) | | | 1,530,091 | |
| | | | | | | | | | | | |
| | | | Colombia - 0.4% | |
| | | | Colombia Government International Bond | |
| | COP | | | | 766,000,000 | | | 4.38%, 03/21/2023 | | | 227,278 | |
| | | | | 582,000,000 | | | 7.75%, 04/14/2021 | | | 188,972 | |
| | | | | | | | | | | | |
| | | | 416,250 | |
| | | | | |
| | | | Ecuador - 1.7% | |
| | | | Ecuador Government International Bond | |
| | $ | | | | 520,000 | | | 10.50%, 03/24/2020(1) | | | 533,000 | |
| | | | | 1,237,000 | | | 10.75%, 03/28/2022(1) | | | 1,274,110 | |
| | | | | | | | | | | | |
| | | | 1,807,110 | |
| | | | | |
| | | | Egypt - 0.8% | |
| | | | | 905,000 | | | Egypt Government International Bond 7.90%, 02/21/2048(1) | | | 809,370 | |
| | | | | | | | | | | | |
| | | | Ghana - 1.5% | |
| | | | | 1,620,000 | | | Ghana Government International Bond 8.63%, 06/16/2049(1) | | | 1,519,644 | |
| | | | | | | | | | | | |
| | | | Indonesia - 3.1% | |
| | | | Indonesia Treasury Bond | |
| | IDR | | | | 17,443,000,000 | | | 5.63%, 05/15/2023 | | | 1,029,197 | |
| | | | | 19,664,000,000 | | | 7.00%, 05/15/2027 | | | 1,165,418 | |
| | | | | 15,592,000,000 | | | 8.75%, 05/15/2031 | | | 1,019,866 | |
| | | | | | | | | | | | |
| | | | 3,214,481 | |
| | | | | |
| | | | Italy - 1.0% | |
| | EUR | | | | 990,000 | | | Italy Buoni Poliennali Del Tesoro 2.80%, 12/01/2028 | | | 1,064,116 | |
| | | | | | | | | | | | |
| | | | Lebanon - 4.0% | |
| | | | Lebanon Government International Bond | |
| | $ | | | | 820,000 | | | 6.00%, 01/27/2023(2) | | | 705,740 | |
| | | | | 875,000 | | | 6.25%, 05/27/2022 | | | 769,921 | |
| | | | | 1,675,000 | | | 6.40%, 05/26/2023 | | | 1,449,009 | |
| | | | | 735,000 | | | 6.85%, 03/23/2027(2) | | | 594,858 | |
| | | | | 705,000 | | | 8.25%, 04/12/2021(2) | | | 674,713 | |
| | | | | | | | | | | | |
| | | | 4,194,241 | |
| | | | | |
| | | | Mongolia - 1.5% | |
| | | | | 1,615,000 | | | Development Bank of Mongolia LLC 7.25%, 10/23/2023(1)(4) | | | 1,576,644 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| FOREIGN GOVERNMENT OBLIGATIONS - 58.5% - (continued) | |
| | | | Nigeria - 0.5% | |
| | $ | | | | 640,000 | | | Nigeria Government International Bond 7.63%, 11/28/2047(1) | | $ | 564,250 | |
| | | | | | | | | | | | |
| | | | Peru - 1.1% | |
| | | | | 520,000 | | | Corp. Financiera de Desarrollo S.A. 4.75%, 07/15/2025(1) | | | 517,405 | |
| | PEN | | | | 1,980,000 | | | Peru Government Bond 6.95%, 08/12/2031 | | | 626,917 | |
| | | | | | | | | | | | |
| | | | 1,144,322 | |
| | | | | |
| | | | Qatar - 4.9% | |
| | $ | | | | 5,120,000 | | | Qatar Government International Bond 3.88%, 04/23/2023(1) | | | 5,131,264 | |
| | | | | | | | | | | | |
| | | | Russia - 1.2% | |
| | | | Russian Federal Bond - OFZ | |
| | RUB | | | | 52,620,000 | | | 7.00%, 12/15/2021 | | | 774,525 | |
| | | | | 35,690,000 | | | 7.00%, 01/25/2023 | | | 521,520 | |
| | | | | | | | | | | | |
| | | | 1,296,045 | |
| | | | | |
| | | | Saudi Arabia - 1.4% | |
| | $ | | | | 1,540,000 | | | Saudi Government International Bond 2.88%, 03/04/2023(1) | | | 1,463,308 | |
| | | | | | | | | | | | |
| | | | South Africa - 2.0% | |
| | | | Republic of South Africa Government Bond | |
| | ZAR | | | | 6,990,000 | | | 6.25%, 03/31/2036 | | | 326,214 | |
| | | | | 17,640,000 | | | 7.00%, 02/28/2031 | | | 949,840 | |
| | | | | 6,870,000 | | | 8.75%, 02/28/2048 | | | 400,814 | |
| | | | | 6,910,000 | | | 9.00%, 01/31/2040 | | | 416,284 | |
| | | | | | | | | | | | |
| | | | 2,093,152 | |
| | | | | |
| | | | Tajikistan - 1.2% | |
| | $ | | | | 1,455,000 | | | Republic of Tajikistan International Bond 7.13%, 09/14/2027(1)(4) | | | 1,295,678 | |
| | | | | | | | | | | | |
| | | | Turkey - 9.7% | |
| | | | | 895,000 | | | Export Credit Bank of Turkey 5.00%, 09/23/2021(1)(4) | | | 824,574 | |
| | | | Turkey Government Bond | |
| | TRY | | | | 3,630,000 | | | 9.50%, 01/12/2022 | | | 478,948 | |
| | | | | 1,811,000 | | | 12.20%, 01/18/2023 | | | 255,956 | |
| | | | Turkey Government International Bond | |
| | $ | | | | 600,000 | | | 5.63%, 03/30/2021 | | | 584,966 | |
| | | | | 700,000 | | | 5.75%, 03/22/2024 | | | 652,044 | |
| | | | | 4,815,000 | | | 7.00%, 06/05/2020 | | | 4,846,124 | |
| | | | | 2,590,000 | | | 7.25%, 12/23/2023 | | | 2,570,834 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 10,213,446 | |
| | | | | | | | | | | | |
| | | | | | | Ukraine - 4.0% | |
| | | | | 4,448,000 | | | Ukraine Government International Bond 7.75%, 09/01/2023(1) | | | 4,230,929 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Foreign Government Obligations
(cost $64,058,633) | | $ | 61,439,683 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Long-Term Investments
(cost $103,174,661) | | $ | 98,611,954 | |
| | | | | | | | | | | | |
| |
| SHORT-TERM INVESTMENTS - 6.5% | | | |
| | | | | | | Securities Lending Collateral - 5.3% | |
| | | | | 276,791 | | | Citibank NA DDCA, 2.19%, 11/1/2018(6) | | $ | 276,791 | |
| | | | | 2,143,436 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(6) | | | 2,143,436 | |
| | | | | 629,966 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(6) | | | 629,966 | |
| | | | | 1,529,166 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(6) | | | 1,529,166 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 6.5% - (continued) | | | |
| | | | | | | Securities Lending Collateral - 5.3% - (continued) | |
| | $ | | | | 292,625 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(6) | | $ | 292,625 | |
| | | | | 663,829 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(6) | | | 663,829 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,535,813 | |
| | | | | | | | | | | | |
| | | | | | | U.S. Treasury Bill - 1.2% | |
| | | | | 1,285,000 | | | U.S. Treasury Bill 0.01%, 11/01/2018(7) | | | 1,285,000 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Short-Term Investments
(cost $6,820,813) | | $ | 6,820,813 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | | | | | Total Investments
(cost $109,995,474) | | | 100.4 | % | | $ | 105,432,767 | |
| | | | | | | | Other Assets and Liabilities | | | (0.4 | )% | | | (389,786 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | | Total Net Assets | | | 100.0 | % | | $ | 105,042,981 | |
| | | | | | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by |
| | Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $58,176,417, representing 55.4% of total net assets. |
| (2) | Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $7,672,058, representing 7.3% of total net assets. |
| (3) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| (4) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (5) | Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2018. |
| (6) | Current yield as of period end. |
| (7) | The rate shown represents current yield to maturity. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Credit Default Swap Contracts Outstanding at October 31, 2018 | |
Reference Entity | | Counterparty | | Notional
Amount (a) | | | (Pay)/Receive
Fixed Rate | | Expiration
Date | | | Periodic
Payment
Frequency | | | Upfront
Premiums
Paid | | | Upfront
Premiums
Received | | | Market
Value† | | | Unrealized
Appreciation/
(Depreciation) | |
| Credit default swaps on single-name issues: | |
| Sell protection: | |
Argentine Republic Government International Bond | | CBK | | | USD | | | | 3,400,000 | | | 5.00% | | | 12/20/18 | | | | Quarterly | | | $ | 5,383 | | | $ | — | | | $ | 26,698 | | | $ | 21,315 | |
Indonesia Government International Bond | | CBK | | | USD | | | | 3,250,000 | | | 1.00% | | | 12/20/23 | | | | Quarterly | | | | — | | | | (87,830 | ) | | | (84,038 | ) | | | 3,792 | |
Turkey Government International Bond | | CBK | | | USD | | | | 1,100,000 | | | 1.00% | | | 12/20/18 | | | | Quarterly | | | | — | | | | (6,984 | ) | | | (1,733 | ) | | | 5,251 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | | | $ | 5,383 | | | $ | (94,814 | ) | | $ | (59,073 | ) | | $ | 30,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total single-name issues | | | | | | | | | | | | | $ | 5,383 | | | $ | (94,814 | ) | | $ | (59,073 | ) | | $ | 30,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total OTC contracts | | | | | | | | | | | | | $ | 5,383 | | | $ | (94,814 | ) | | $ | (59,073 | ) | | $ | 30,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 37,420,000 | | | ARS | | | 940,201 | | | USD | | CBK | | | 12/21/18 | | | $ | 36,976 | | | $ | — | |
| | 35,900,000 | | | ARS | | | 887,516 | | | USD | | CBK | | | 01/03/19 | | | | 35,767 | | | | — | |
| | 46,420,000 | | | ARS | | | 1,096,622 | | | USD | | CBK | | | 01/10/19 | | | | 85,652 | | | | — | |
| | 46,110,000 | | | ARS | | | 1,090,071 | | | USD | | CBK | | | 01/14/19 | | | | 77,842 | | | | — | |
| | 44,690,000 | | | ARS | | | 1,100,739 | | | USD | | CBK | | | 01/18/19 | | | | 25,010 | | | | — | |
| | 102,430,000 | | | ARS | | | 2,276,222 | | | USD | | CBK | | | 04/26/19 | | | | 45,985 | | | | — | |
| | 3,951,257 | | | BRL | | | 1,097,419 | | | USD | | CBK | | | 11/08/18 | | | | — | | | | (36,801 | ) |
| | 11,300,000 | | | BRL | | | 2,887,810 | | | USD | | CBK | | | 11/13/18 | | | | 144,063 | | | | — | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 – (continued) | |
Amount and Description of
Currency to be Purchased | | | Amount and Description of
Currency to be Sold | | | Counterparty | | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 15,640,000 | | | | BRL | | | | 3,899,763 | | | | USD | | | | CBK | | | | 11/26/18 | | | $ | 291,764 | | | $ | — | |
| | 6,810,000 | | | | BRL | | | | 1,886,427 | | | | USD | | | | CBK | | | | 01/28/19 | | | | — | | | | (70,501 | ) |
| | 3,470,000,000 | | �� | | COP | | | | 1,143,705 | | | | USD | | | | CBK | | | | 11/21/18 | | | | — | | | | (66,955 | ) |
| | 2,517,000,000 | | | | COP | | | | 831,929 | | | | USD | | | | CBK | | | | 12/06/18 | | | | — | | | | (51,421 | ) |
| | 2,537,450,000 | | | | COP | | | | 827,744 | | | | USD | | | | CBK | | | | 01/10/19 | | | | — | | | | (41,812 | ) |
| | 3,437,719 | | | | EUR | | | | 3,967,850 | | | | USD | | | | CBK | | | | 11/23/18 | | | | — | | | | (67,001 | ) |
| | 2,760,000 | | | | EUR | | | | 3,224,612 | | | | USD | | | | CBK | | | | 01/15/19 | | | | — | | | | (75,816 | ) |
| | 1,860,000 | | | | EUR | | | | 2,137,290 | | | | USD | | | | CBK | | | | 01/30/19 | | | | — | | | | (12,258 | ) |
| | 20,790,000 | | | | MXN | | | | 1,082,356 | | | | USD | | | | CBK | | | | 12/19/18 | | | | — | | | | (67,383 | ) |
| | 22,340,000 | | | | MXN | | | | 1,136,033 | | | | USD | | | | CBK | | | | 12/27/18 | | | | — | | | | (46,918 | ) |
| | 20,570,000 | | | | MXN | | | | 1,044,795 | | | | USD | | | | CBK | | | | 01/17/19 | | | | — | | | | (45,269 | ) |
| | 40,980,000 | | | | MXN | | | | 2,065,518 | | | | USD | | | | CBK | | | | 01/22/19 | | | | — | | | | (75,857 | ) |
| | 10,490,000 | | | | TRY | | | | 1,631,011 | | | | USD | | | | CBK | | | | 01/11/19 | | | | 165,554 | | | | — | |
| | 1,151,861 | | | | USD | | | | 46,420,000 | | | | ARS | | | | CBK | | | | 01/10/19 | | | | — | | | | (30,413 | ) |
| | 1,141,337 | | | | USD | | | | 46,110,000 | | | | ARS | | | | CBK | | | | 01/14/19 | | | | — | | | | (26,577 | ) |
| | 1,062,594 | | | | USD | | | | 3,951,257 | | | | BRL | | | | CBK | | | | 11/08/18 | | | | 1,976 | | | | — | |
| | 2,941,942 | | | | USD | | | | 11,300,000 | | | | BRL | | | | CBK | | | | 11/13/18 | | | | — | | | | (89,930 | ) |
| | 112,440 | | | | USD | | | | 440,000 | | | | BRL | | | | CBK | | | | 11/26/18 | | | | — | | | | (5,480 | ) |
| | 3,700,998 | | | | USD | | | | 15,200,000 | | | | BRL | | | | CBK | | | | 11/26/18 | | | | — | | | | (372,609 | ) |
| | 1,806,845 | | | | USD | | | | 6,810,000 | | | | BRL | | | | CBK | | | | 01/28/19 | | | | — | | | | (9,080 | ) |
| | 1,157,701 | | | | USD | | | | 3,470,207,424 | | | | COP | | | | CBK | | | | 11/21/18 | | | | 80,887 | | | | — | |
| | 809,325 | | | | USD | | | | 2,517,000,000 | | | | COP | | | | CBK | | | | 12/06/18 | | | | 28,817 | | | | — | |
| | 831,951 | | | | USD | | | | 2,537,450,000 | | | | COP | | | | UBS | | | | 01/10/19 | | | | 46,019 | | | | — | |
| | 2,007,594 | | | | USD | | | | 1,720,000 | | | | EUR | | | | UBS | | | | 11/23/18 | | | | 55,875 | | | | — | |
| | 1,982,729 | | | | USD | | | | 1,703,870 | | | | EUR | | | | CBK | | | | 11/23/18 | | | | 49,314 | | | | — | |
| | 3,220,834 | | | | USD | | | | 2,760,000 | | | | EUR | | | | UBS | | | | 01/15/19 | | | | 72,039 | | | | — | |
| | 2,128,805 | | | | USD | | | | 1,860,000 | | | | EUR | | | | UBS | | | | 01/30/19 | | | | 3,773 | | | | — | |
| | 1,075,406 | | | | USD | | | | 930,000 | | | | EUR | | | | CBK | | | | 04/25/19 | | | | 5,168 | | | | — | |
| | 1,082,262 | | | | USD | | | | 20,790,000 | | | | MXN | | | | CBK | | | | 12/19/18 | | | | 67,289 | | | | — | |
| | 1,137,929 | | | | USD | | | | 22,340,000 | | | | MXN | | | | CBK | | | | 12/27/18 | | | | 48,814 | | | | — | |
| | 1,040,639 | | | | USD | | | | 21,410,000 | | | | MXN | | | | UBS | | | | 01/07/19 | | | | — | | | | (1,399 | ) |
| | 1,075,590 | | | | USD | | | | 20,570,000 | | | | MXN | | | | CBK | | | | 01/17/19 | | | | 76,064 | | | | — | |
| | 2,119,057 | | | | USD | | | | 40,980,000 | | | | MXN | | | | CBK | | | | 01/22/19 | | | | 129,396 | | | | — | |
| | 2,105,112 | | | | USD | | | | 42,310,000 | | | | MXN | | | | UBS | | | | 01/31/19 | | | | 53,544 | | | | — | |
| | 1,746,284 | | | | USD | | | | 10,490,000 | | | | TRY | | | | JPM | | | | 01/11/19 | | | | — | | | | (50,281 | ) |
| | 2,175,511 | | | | USD | | | | 33,980,000 | | | | ZAR | | | | UBS | | | | 11/07/18 | | | | — | | | | (125,932 | ) |
| | 822,255 | | | | USD | | | | 12,269,306 | | | | ZAR | | | | CBK | | | | 11/27/18 | | | | — | | | | (6,603 | ) |
| | 2,220,932 | | | | USD | | | | 33,000,000 | | | | ZAR | | | | JPM | | | | 12/04/18 | | | | — | | | | (6,401 | ) |
| | 1,059,083 | | | | USD | | | | 15,670,000 | | | | ZAR | | | | CBK | | | | 12/10/18 | | | | 2,245 | | | | — | |
| | 2,208,914 | | | | USD | | | | 33,150,000 | | | | ZAR | | | | CBK | | | | 12/18/18 | | | | — | | | | (24,559 | ) |
| | 2,290,638 | | | | USD | | | | 32,740,000 | | | | ZAR | | | | JPM | | | | 12/27/18 | | | | 87,310 | | | | — | |
| | 1,002,392 | | | | USD | | | | 14,780,000 | | | | ZAR | | | | JPM | | | | 12/27/18 | | | | 7,731 | | | | — | |
| | 2,156,069 | | | | USD | | | | 31,730,000 | | | | ZAR | | | | JPM | | | | 01/07/19 | | | | 23,648 | | | | — | |
| | 1,073,085 | | | | USD | | | | 15,860,000 | | | | ZAR | | | | CBK | | | | 01/07/19 | | | | 7,211 | | | | — | |
| | 2,124,820 | | | | USD | | | | 30,810,000 | | | | ZAR | | | | JPM | | | | 01/14/19 | | | | 56,285 | | | | — | |
| | 2,254,835 | | | | USD | | | | 32,370,000 | | | | ZAR | | | | JPM | | | | 01/22/19 | | | | 84,029 | | | | — | |
| | 4,251,691 | | | | USD | | | | 63,660,000 | | | | ZAR | | | | CBK | | | | 01/31/19 | | | | — | | | | (12,656 | ) |
| | 33,980,000 | | | | ZAR | | | | 2,228,042 | | | | USD | | | | CBK | | | | 11/07/18 | | | | 73,401 | | | | — | |
| | 12,269,306 | | | | ZAR | | | | 852,507 | | | | USD | | | | JPM | | | | 11/27/18 | | | | — | | | | (23,650 | ) |
| | 33,000,000 | | | | ZAR | | | | 2,157,059 | | | | USD | | | | CBK | | | | 12/04/18 | | | | 70,274 | | | | — | |
| | 15,670,000 | | | | ZAR | | | | 1,077,541 | | | | USD | | | | CBK | | | | 12/10/18 | | | | — | | | | (20,703 | ) |
| | 33,150,000 | | | | ZAR | | | | 2,239,403 | | | | USD | | | | UBS | | | | 12/18/18 | | | | — | | | | (5,930 | ) |
| | 31,420,000 | | | | ZAR | | | | 2,116,039 | | | | USD | | | | JPM | | | | 12/27/18 | | | | — | | | | (1,543 | ) |
| | 16,100,000 | | | | ZAR | | | | 1,104,667 | | | | USD | | | | UBS | | | | 12/27/18 | | | | — | | | | (21,173 | ) |
| | 15,310,000 | | | | ZAR | | | | 1,037,539 | | | | USD | | | | JPM | | | | 01/07/19 | | | | — | | | | (8,627 | ) |
| | 32,280,000 | | | | ZAR | | | | 2,189,592 | | | | USD | | | | JPM | | | | 01/07/19 | | | | — | | | | (20,208 | ) |
| | 30,880,000 | | | | ZAR | | | | 2,083,094 | | | | USD | | | | UBS | | | | 01/22/19 | | | | — | | | | (12,211 | ) |
| | 32,370,000 | | | | ZAR | | | | 2,197,401 | | | | USD | | | | CBK | | | | 01/22/19 | | | | — | | | | (26,596 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | | | | | | | | | | | | | | | | | | | | | | | $ | 2,039,722 | | | $ | (1,560,553 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Counterparty Abbreviations: |
CBK | | Citibank NA |
JPM | | JP Morgan Chase & Co. |
UBS | | UBS AG |
|
| Currency Abbreviations: |
ARS | | Argentine Peso |
BRL | | Brazilian Real |
COP | | Colombian Peso |
EUR | | Euro |
IDR | | Indonesian Rupiah |
MXN | | Mexican Peso |
| | |
|
| Currency Abbreviations: – (continued) |
PEN | | Peruvian Sol |
RUB | | Russian Ruble |
TRY | | Turkish Lira |
USD | | United States Dollar |
ZAR | | South African Rand |
|
| Index Abbreviations: |
CMT | | Constant Maturity Treasury Index |
|
| Other Abbreviations: |
DDCA | | Dollars on Deposit in Custody Account |
OTC | | Over-the-Counter |
PT | | Perseroan Terbatas |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Corporate Bonds | | $ | 37,172,271 | | | $ | — | | | $ | 37,172,271 | | | $ | — | |
Foreign Government Obligations | | | 61,439,683 | | | | — | | | | 61,439,683 | | | | — | |
Short-Term Investments | | | 6,820,813 | | | | 5,535,813 | | | | 1,285,000 | | | | — | |
Foreign Currency Contracts(2) | | | 2,039,722 | | | | — | | | | 2,039,722 | | | | — | |
Swaps - Credit Default(2) | | | 30,358 | | | | — | | | | 30,358 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 107,502,847 | | | $ | 5,535,813 | | | $ | 101,967,034 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Foreign Currency Contracts(2) | | $ | (1,560,553 | ) | | $ | — | | | $ | (1,560,553 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (1,560,553 | ) | | $ | — | | | $ | (1,560,553 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 10.5% | |
| | | | | | | Cayman Islands - 0.8% | |
| | $ | | | | 511,790 | | | ECAF I Ltd. 3.47%, 06/15/2040(1) | | $ | 506,336 | |
| | | | | | | | | | | | |
| | | | United Kingdom - 1.3% | |
| | GBP | | | | 104,547 | | | Alba plc 3 mo. GBP LIBOR + 0.170%, 0.97%, 03/17/2039(2)(3) | | | 126,461 | |
| | | | | 53,019 | | | EMF-UK plc 3 mo. GBP LIBOR + 0.980%, 1.78%, 03/13/2046(2)(3) | | | 67,642 | |
| | | | | 33,277 | | | Eurohome UK Mortgages plc 3 mo. GBP LIBOR + 0.190%, 0.99%, 09/15/2044(2)(3) | | | 42,088 | |
| | | | | 130,480 | | | Mansard Mortgages plc 3 mo. GBP LIBOR + 0.350%, 1.16%, 10/15/2048(2)(3) | | | 159,261 | |
| | | | | 66,299 | | | Newgate Funding plc 3 mo. GBP LIBOR + 0.170%, 0.97%, 12/01/2050(2)(3) | | | 81,392 | |
| | | | | 200,000 | | | Paragon Mortgages No 10 plc 3 mo. GBP LIBOR + 0.320%, 1.12%, 06/15/2041(2)(3) | | | 246,290 | |
| | | | | 94,547 | | | RMAC Securities No. 1 plc 3 mo. GBP LIBOR + 0.170%, 0.97%, 06/12/2044(2)(3) | | | 115,866 | |
| | | | | | | | | | | | |
| | | | 839,000 | |
| | | | | |
| | | | United States - 8.4% | |
| | $ | | | | 92,984 | | | Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates 1 mo. USD LIBOR + 0.450%, 2.73%, 10/25/2035(2) | | | 93,276 | |
| | | | | 150,000 | | | American Express Credit Account Master Trust 1 mo. USD LIBOR + 0.370%, 2.65%, 12/15/2021(2) | | | 150,267 | |
| | | | | 35,619 | | | AmeriCredit Automobile Receivables Trust 2.08%, 09/08/2020 | | | 35,599 | |
| | | | | 5,861 | | | Asset-Backed Pass-Through Certificates 1 mo. USD LIBOR + 0.720%, 3.00%, 04/25/2035(2) | | | 5,865 | |
| | | | | 60,708 | | | Bayview Commercial Asset Trust 1 mo. USD LIBOR + 0.270%, 2.55%, 07/25/2037(1)(2) | | | 58,330 | |
| | | | | 100,000 | | | BX Commercial Mortgage Trust 1 mo. LIBOR + 1.951%, 4.23%, 03/15/2037(1)(2) | | | 100,124 | |
| | | | | 128,000 | | | Capital One Multi-Asset Execution Trust 1 mo. USD LIBOR + 0.450%, 2.73%, 02/15/2022(2) | | | 128,190 | |
| | | | | 100,000 | | | Chase Issuance Trust 1 mo. USD LIBOR + 0.370%, 2.65%, 04/15/2021(2) | | | 100,125 | |
| | | | | 123,237 | | | CLI Funding V LLC 3.22%, 06/18/2028(1) | | | 120,666 | |
| | | | | 101,000 | | | Cold Storage Trust 1 mo. USD LIBOR + 1.000%, 3.28%, 04/15/2036(1)(2) | | | 101,029 | |
| | | | CWABS Revolving Home Equity Loan Trust | |
| | | | | 23,217 | | | 1 mo. USD LIBOR + 0.220%, 2.50%, 01/15/2034(2) | | | 22,925 | |
| | | | | 25,994 | | | 1 mo. USD LIBOR + 0.290%, 2.57%, 12/15/2033(2) | | | 25,820 | |
| | | | | 98,722 | | | Fannie Mae Connecticut Avenue Securities 1 mo. USD LIBOR + 4.900%, 7.18%, 11/25/2024(2) | | | 112,786 | |
| | | | | 72,822 | | | Flagship Credit Auto Trust 2.77%, 12/15/2020(1) | | | 72,798 | |
| | | | | 82,604 | | | Flagstar Mortgage Trust 3.50%, 10/25/2047(1)(4) | | | 81,088 | |
| | | | | 100,000 | | | GS Mortgage Securities Corp. Trust 1 mo. USD LIBOR + 3.300%, 5.58%, 02/15/2037(1)(2) | | | 99,690 | |
| | | | | 350,000 | | | Hilton USA Trust 4.19%, 11/05/2038(1)(4) | | | 341,955 | |
| | | | | 139,000 | | | Hospitality Mortgage Trust 1 mo. USD LIBOR + 0.850%, 3.13%, 05/08/2030(1)(2) | | | 139,001 | |
| | | | | 100,000 | | | Hyatt Hotel Portfolio Trust 1 mo. USD LIBOR + 2.353%, 4.63%, 08/09/2032(1)(2) | | | 100,092 | |
| | | | | 12,836 | | | IndyMac INDX Mortgage Loan Trust 1 mo. USD LIBOR + 0.240%, 2.52%, 06/25/2037(2) | | | 12,720 | |
| | | | JP Morgan Mortgage Trust | |
| | | | | 251,233 | | | 3.00%, 05/25/2047(1)(4) | | | 240,948 | |
| | | | | 71,705 | | | 3.50%, 10/25/2046(1)(4) | | | 70,331 | |
| | | | | 51,780 | | | 3.50%, 08/25/2047(1)(4) | | | 50,726 | |
| | | | | 90,705 | | | 3.50%, 11/25/2048(1)(4) | | | 88,859 | |
| | | | | 83,730 | | | Nationstar Home Equity Loan Trust 1 mo. USD LIBOR + 0.230%, 2.51%, 03/25/2037(2) | | | 82,971 | |
| | | | One Market Plaza Trust | |
| | | | | 130,000 | | | 4.02%, 02/10/2032(1) | | | 127,695 | |
| | | | | 100,000 | | | 4.15%, 02/10/2032(1) | | | 97,239 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 10.5% - (continued) | |
| | | | United States - 8.4% - (continued) | |
| | | | OneMain Financial Issuance Trust | |
| | $ | | | | 38,590 | | | 3.19%, 03/18/2026(1) | | $ | 38,618 | |
| | | | | 295,000 | | | 3.66%, 02/20/2029(1) | | | 295,676 | |
| | | | Residential Asset Mortgage Products, Inc. | |
| | | | | 250,000 | | | 1 mo. USD LIBOR + 0.220%, 2.50%, 12/25/2036(2) | | | 242,271 | |
| | | | | 250,000 | | | 1 mo. USD LIBOR + 0.640%, 2.92%, 05/25/2035(2) | | | 249,015 | |
| | | | | 61,497 | | | SACO I Trust 1 mo. USD LIBOR + 0.460%, 2.74%, 04/25/2036(2) | | | 60,414 | |
| | | | Santander Drive Auto Receivables Trust | |
| | | | | 1,479 | | | 2.46%, 06/15/2020 | | | 1,479 | |
| | | | | 27,101 | | | 2.65%, 08/17/2020 | | | 27,092 | |
| | | | | 46,960 | | | SASCO Mortgage Loan Trust 1 mo. USD LIBOR + 0.825%, 3.11%, 12/25/2034(2) | | | 46,887 | |
| | | | SoFi Professional Loan Program LLC | |
| | | | | 250,000 | | | 2.84%, 01/25/2041(1) | | | 242,390 | |
| | | | | 250,000 | | | 2.95%, 02/25/2042(1) | | | 242,010 | |
| | | | | 100,000 | | | Structured Asset Investment Loan Trust 1 mo. USD LIBOR + 0.480%, 2.76%, 07/25/2035(2) | | | 99,830 | |
| | | | | 76,250 | | | TAL Advantage V LLC 3.55%, 11/20/2038(1) | | | 75,219 | |
| | | | Towd Point Mortgage Trust | |
| | | | | 70,734 | | | 2.75%, 10/25/2056(1)(4) | | | 68,979 | |
| | | | | 104,324 | | | 2.75%, 04/25/2057(1)(4) | | | 102,038 | |
| | | | | 77,022 | | | 2.75%, 07/25/2057(1)(4) | | | 75,182 | |
| | | | | 86,057 | | | 2.75%, 10/25/2057(1)(4) | | | 83,639 | |
| | | | | 72,644 | | | 1 mo. USD LIBOR + 0.600%, 2.89%, 02/25/2057(1)(2) | | | 72,368 | |
| | | | | 89,443 | | | Triton Container Finance IV LLC 3.62%, 08/20/2042(1) | | | 87,191 | |
| | | | | 94,167 | | | Triton Container Finance V LLC 3.95%, 03/20/2043(1) | | | 92,829 | |
| | | | | 240,000 | | | Waldorf Astoria Boca Raton Trust 1 mo. USD LIBOR + 1.350%, 3.63%, 06/15/2029(1)(2) | | | 240,069 | |
| | | | WaMu Mortgage Pass-Through Certificates Trust | |
| | | | | 249,206 | | | 1 mo. USD LIBOR + 0.290%, 2.57%, 10/25/2045(2) | | | 248,225 | |
| | | | | 31,358 | | | 1 mo. USD LIBOR + 0.320%, 2.60%, 08/25/2045(2) | | | 31,317 | |
| | | | | | | | | | | | |
| | | | 5,383,853 | |
| | | | | |
| | |
| | | | Total Asset & Commercial Mortgage Backed Securities
(cost $6,814,477) | | $ | 6,729,189 | |
| | | | | | | | |
|
| CORPORATE BONDS - 65.0% | |
| | | | Australia - 1.1% | |
| | GBP | | | | 250,000 | | | BHP Billiton Finance Ltd. 5 year GBP Swap + 4.817%, 6.50%, 10/22/2077(2)(3) | | $ | 356,038 | |
| | $ | | | | 40,000 | | | Boral Finance Pty Ltd. 3.00%, 11/01/2022(1) | | | 38,481 | |
| | | | | 294,000 | | | National Australia Bank Ltd. 3 mo. USD LIBOR + 0.890%, 3.30%, 01/10/2022(1)(2) | | | 297,147 | |
| | | | | | | | | | | | |
| | | | 691,666 | |
| | | | | |
| | | | Bermuda - 0.5% | |
| | | | | 200,000 | | | Fly Leasing Ltd. 5.25%, 10/15/2024 | | | 190,000 | |
| | | | | 155,000 | | | VOC Escrow Ltd. 5.00%, 02/15/2028(1) | | | 145,700 | |
| | | | | | | | | | | | |
| | | | 335,700 | |
| | | | | |
| | | | Canada - 1.6% | |
| | | | | 155,000 | | | Bank of Montreal 5 year USD Swap + 1.432%, 3.80%, 12/15/2032(2) | | | 142,068 | |
| | | | | 50,000 | | | Bank of Nova Scotia 3 mo. USD LIBOR + 2.648%, 4.65%, 10/12/2022(2)(5) | | | 46,060 | |
| | | | | 28,000 | | | Bausch Health Cos., Inc. 5.50%, 11/01/2025(1) | | | 27,440 | |
| | | | | 110,000 | | | Cenovus Energy, Inc. 5.40%, 06/15/2047 | | | 103,118 | |
| | | | | 100,000 | | | Enbridge, Inc. 3 mo. USD LIBOR + 3.890%, 6.00%, 01/15/2077(2) | | | 93,496 | |
| | GBP | | | | 450,000 | | | Royal Bank of Canada 3 mo. GBP LIBOR + 0.400%, 1.20%, 09/14/2021(2)(3) | | | 577,341 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | Canada - 1.6% - (continued) | |
| | $ | | | | 36,000 | | | TransCanada PipeLines Ltd. 5.10%, 03/15/2049 | | $ | 35,887 | |
| | | | | | | | | | | | |
| | | | 1,025,410 | |
| | | | | |
| | | | Chile - 0.3% | |
| | | | | 200,000 | | | Corp. Nacional del Cobre de Chile 4.50%, 09/16/2025(1) | | | 198,668 | |
| | | | | | | | | | | | |
| | | | Finland - 1.9% | |
| | | | | 1,215,000 | | | Nordea Bank AB 3 mo. USD LIBOR + 0.620%, 3.01%, 09/30/2019(1)(2) | | | 1,219,912 | |
| | | | | | | | | | | | |
| | | | France - 2.0% | |
| | | | | 500,000 | | | Altice France S.A. 7.38%, 05/01/2026(1) | | | 478,595 | |
| | | | | 593,000 | | | Banque Federative du Credit Mutuel S.A. 2.20%, 07/20/2020(1) | | | 580,533 | |
| | | | | 250,000 | | | BPCE S.A. 3.00%, 05/22/2022(1) | | | 240,797 | |
| | | | | | | | | | | | |
| | | | 1,299,925 | |
| | | | | |
| | | | Germany - 1.6% | |
| | | | | 100,000 | | | Deutsche Bank AG 3.95%, 02/27/2023 | | | 96,198 | |
| | GBP | | | | 700,000 | | | Deutsche Pfandbriefbank AG 3 mo. GBP LIBOR + 0.550%, 1.36%, 01/13/2020(2)(3) | | | 897,675 | |
| | | | | | | | | | | | |
| | | | 993,873 | |
| | | | | |
| | | | Ireland - 0.4% | |
| | $ | | | | 90,000 | | | AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.63%, 07/01/2022 | | | 91,167 | |
| | | | | 65,000 | | | Johnson Controls International plc 4.50%, 02/15/2047 | | | 59,700 | |
| | | | | 110,000 | | | Shire Acquisitions Investments Ireland DAC 2.40%, 09/23/2021 | | | 105,683 | |
| | | | | | | | | | | | |
| | | | 256,550 | |
| | | | | |
| | | | Italy - 2.8% | |
| | | | Enel S.p.A. | |
| | GBP | | | | 250,000 | | | 5 year GBP Swap + 5.662%, 7.75%, 09/10/2075(2)(3) | | | 342,366 | |
| | $ | | | | 360,000 | | | 5 year USD Swap + 5.880%, 8.75%, 09/24/2073(1)(2) | | | 388,800 | |
| | EUR | | | | 400,000 | | | EVOCA S.p.A. 7.00%, 10/15/2023(1) | | | 477,389 | |
| | | | | 100,000 | | | Sisal Group S.p.A. 7.00%, 07/31/2023(3) | | | 115,716 | |
| | GBP | | | | 150,000 | | | Telecom Italia S.p.A. /Milano 6.38%, 06/24/2019(3) | | | 196,569 | |
| | $ | | | | 354,000 | | | Wind Tre S.p.A. 5.00%, 01/20/2026(1) | | | 301,325 | |
| | | | | | | | | | | | |
| | | | 1,822,165 | |
| | | | | |
| | | | Luxembourg - 0.6% | |
| | EUR | | | | 180,000 | | | Allergan Funding SCS 3 mo. EURIBOR + 0.350%, 0.03%, 06/01/2019(2) | | | 204,012 | |
| | $ | �� | | | 200,000 | | | ARD Finance S.A. (PIK 7.88%) 7.13%, 09/15/2023(6) | | | 193,875 | |
| | | | | | | | | | | | |
| | | | 397,887 | |
| | | | | |
| | | | Mexico - 0.9% | |
| | | | | 200,000 | | | Mexico City Airport Trust 5.50%, 07/31/2047 | | | 160,000 | |
| | | | Petroleos Mexicanos | |
| | | | | 270,000 | | | 6.50%, 03/13/2027 | | | 261,360 | |
| | | | | 159,000 | | | 6.50%, 01/23/2029(1) | | | 152,163 | |
| | | | | | | | | | | | |
| | | | 573,523 | |
| | | | | |
| | | | Netherlands - 2.0% | |
| | | | | 250,000 | | | Cooperatieve Rabobank UA 4.63%, 12/01/2023 | | | 251,480 | |
| | GBP | | | | 220,000 | | | Koninklijke KPN N.V. 5 year GBP Swap + 5.505%, 6.88%, 03/14/2073(2)(3) | | | 295,124 | |
| | $ | | | | 209,000 | | | Petrobras Global Finance B.V. 7.38%, 01/17/2027 | | | 216,597 | |
| | | | | 50,000 | | | Teva Pharmaceutical Finance Netherlands B.V. 2.20%, 07/21/2021 | | | 46,630 | |
| | | | | 500,000 | | | Ziggo B.V 5.50%, 01/15/2027(1) | | | 458,750 | |
| | | | | | | | | | | | |
| | | | 1,268,581 | |
| | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | Spain - 0.2% | |
| | $ | | | | 150,000 | | | Telefonica Emisiones SAU 4.67%, 03/06/2038 | | $ | 134,466 | |
| | | | | | | | | | | | |
| | | | Sweden - 0.2% | |
| | EUR | | | | 100,000 | | | Intrum Justitia AB 3 mo. EURIBOR + 0.625%, 2.63%, 07/15/2022(1)(2) | | | 110,704 | |
| | | | | | | | | | | | |
| | | | Switzerland - 1.7% | |
| | $ | | | | 605,000 | | | Credit Suisse Group AG 3 mo. USD LIBOR + 1.240%, 3.57%, 06/12/2024(1)(2) | | | 606,220 | |
| | | | | 501,000 | | | UBS AG 3 mo. USD LIBOR + 0.480%, 2.80%, 12/01/2020(1)(2) | | | 501,419 | |
| | | | | | | | | | | | |
| | | | 1,107,639 | |
| | | | | |
| | | | United Kingdom - 6.2% | |
| | | | Aviva plc | |
| | EUR | | | | 122,000 | | | 5 year EUR Swap + 3.480%, 3.88%, 07/03/2044(2)(3) | | | 142,873 | |
| | GBP | | | | 220,000 | | | 6 mo. GBP LIBOR + 1.880%, 5.90%, 07/27/2020(2)(3)(5) | | | 285,597 | |
| | | | HSBC Holdings plc | |
| | EUR | | | | 800,000 | | | 3 mo. EURIBOR + 0.700%, 0.38%, 09/27/2022(2)(3) | | | 908,946 | |
| | $ | | | | 978,000 | | | 3 mo. USD LIBOR + 0.600%, 2.92%, 05/18/2021(2) | | | 979,084 | |
| | GBP | | | | 100,000 | | | Iceland Bondco plc 4.63%, 03/15/2025(1) | | | 114,399 | |
| | | | | 300,000 | | | Investec plc 4.50%, 05/05/2022(3) | | | 405,505 | |
| | | | | 300,000 | | | Jerrold Finco plc 6.25%, 09/15/2021(1) | | | 392,088 | |
| | | | Royal Bank of Scotland Group plc | |
| | $ | | | | 200,000 | | | 3.88%, 09/12/2023 | | | 192,403 | |
| | EUR | | | | 300,000 | | | 5.25%, 12/30/2018(3)(5) | | | 341,890 | |
| | $ | | | | 205,000 | | | Standard Chartered plc 3 mo. USD LIBOR + 1.080%, 3.89%, 03/15/2024(1)(2) | | | 199,407 | |
| | | | | | | | | | | | |
| | | | 3,962,192 | |
| | | | | |
| | | | United States - 41.0% | |
| | | | AbbVie, Inc. | |
| | | | | 40,000 | | | 3.20%, 05/14/2026 | | | 36,609 | |
| | | | | 51,000 | | | 4.25%, 11/14/2028 | | | 49,161 | |
| | | | | 60,000 | | | Activision Blizzard, Inc. 4.50%, 06/15/2047 | | | 54,921 | |
| | | | | 26,000 | | | Amazon.com, Inc. 4.05%, 08/22/2047 | | | 24,169 | |
| | | | | 170,000 | | | American Axle & Manufacturing, Inc. 6.50%, 04/01/2027 | | | 161,712 | |
| | | | American International Group, Inc. | |
| | | | | 104,000 | | | 3.30%, 03/01/2021 | | | 102,944 | |
| | | | | 46,000 | | | 3.88%, 01/15/2035 | | | 39,450 | |
| | | | | 150,000 | | | American Tower Corp. 4.00%, 06/01/2025 | | | 145,759 | |
| | | | | 170,000 | | | Amgen, Inc. 2.65%, 05/11/2022 | | | 164,018 | |
| | | | | 28,000 | | | Amphenol Corp. 3.20%, 04/01/2024 | | | 26,697 | |
| | | | | 75,000 | | | Anadarko Petroleum Corp. 6.60%, 03/15/2046 | | | 82,933 | |
| | | | Analog Devices, Inc. | |
| | | | | 50,000 | | | 2.95%, 01/12/2021 | | | 49,391 | |
| | | | | 75,000 | | | 3.13%, 12/05/2023 | | | 72,213 | |
| | | | | 18,000 | | | Anheuser-Busch InBev Finance, Inc. 3.30%, 02/01/2023 | | | 17,551 | |
| | | | Anheuser-Busch InBev Worldwide, Inc. | |
| | | | | 25,000 | | | 3 mo. USD LIBOR + 0.740%, 3.17%, 01/12/2024(2) | | | 24,986 | |
| | | | | 25,000 | | | 4.44%, 10/06/2048 | | | 21,989 | |
| | | | Apple, Inc. | |
| | | | | 1,471,000 | | | 3 mo. USD LIBOR + 0.250%, 2.59%, 02/07/2020(2) | | | 1,474,462 | |
| | | | | 471,000 | | | 3 mo. USD LIBOR + 1.130%, 3.44%, 02/23/2021(2) | | | 481,574 | |
| | | | AT&T, Inc. | |
| | | | | 102,000 | | | 3.00%, 06/30/2022 | | | 98,944 | |
| | | | | 1,296,000 | | | 3 mo. USD LIBOR + 0.950%, 3.39%, 07/15/2021(2) | | | 1,310,060 | |
| | | | AXA Equitable Holdings, Inc. | |
| | | | | 50,000 | | | 4.35%, 04/20/2028(1) | | | 47,777 | |
| | | | | 30,000 | | | 5.00%, 04/20/2048(1) | | | 26,736 | |
| | | | Bank of America Corp. | |
| | | | | 20,000 | | | 3 mo. USD LIBOR + 0.930%, 2.82%, 07/21/2023(2) | | | 19,252 | |
| | | | | 60,000 | | | 3 mo. USD LIBOR + 1.021%, 2.88%, 04/24/2023(2) | | | 58,047 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | United States - 41.0% - (continued) | |
| | $ | | | | 72,000 | | | 3 mo. USD LIBOR + 0.790%, 3.00%, 12/20/2023(2) | | $ | 69,278 | |
| | | | | 200,000 | | | 3 mo. USD LIBOR + 0.650%, 3.02%, 06/25/2022(2) | | | 200,036 | |
| | | | | 400,000 | | | 3 mo. USD LIBOR + 1.160%, 3.63%, 01/20/2023(2) | | | 406,254 | |
| | | | | 60,000 | | | 3 mo. USD LIBOR + 1.512%, 3.71%, 04/24/2028(2) | | | 56,938 | |
| | | | | 125,000 | | | 3 mo. USD LIBOR + 3.705%, 6.25%, 09/05/2024(2)(5) | | | 128,750 | |
| | | | | 30,000 | | | Barrick North America Finance LLC 5.70%, 05/30/2041 | | | 31,930 | |
| | | | | 190,000 | | | BAT Capital Corp. 4.54%, 08/15/2047(1) | | | 165,437 | |
| | | | | 205,000 | | | Bayer U.S. Finance II LLC 4.63%, 06/25/2038(1) | | | 190,029 | |
| | | | | 120,000 | | | Becton Dickinson and Co. 3.36%, 06/06/2024 | | | 114,662 | |
| | | | | 53,000 | | | Boston Properties L.P. 3.20%, 01/15/2025 | | | 50,354 | |
| | | | | 40,000 | | | Burlington Northern Santa Fe LLC 4.15%, 04/01/2045 | | | 37,762 | |
| | | | | 175,000 | | | BWAY Holding Co. 5.50%, 04/15/2024(1) | | | 168,000 | |
| | | | | 140,000 | | | Caesars Resort Collection LLC / CRC Finco, Inc. 5.25%, 10/15/2025(1) | | | 130,287 | |
| | | | | 25,000 | | | Campbell Soup Co. 4.80%, 03/15/2048 | | | 21,204 | |
| | | | | 450,000 | | | Capital One Financial Corp. 2.50%, 05/12/2020 | | | 443,633 | |
| | | | CCO Holdings LLC / CCO Holdings Capital Corp. | |
| | | | | 125,000 | | | 5.00%, 02/01/2028(1) | | | 116,484 | |
| | | | | 118,000 | | | 5.88%, 04/01/2024(1) | | | 119,033 | |
| | | | Charter Communications Operating LLC / Charter Communications Operating Capital | | | | |
| | | | | 20,000 | | | 4.46%, 07/23/2022 | | | 20,234 | |
| | | | | 65,000 | | | 4.91%, 07/23/2025 | | | 65,277 | |
| | | | | 608,000 | | | Citibank NA 3 mo. USD LIBOR + 0.570%, 3.05%, 07/23/2021(2) | | | 609,972 | |
| | | | Citigroup, Inc. | |
| | | | | 75,000 | | | 3 mo. USD LIBOR + 1.563%, 3.89%, 01/10/2028(2) | | | 71,722 | |
| | | | | 120,000 | | | 3 mo. USD LIBOR + 1.023%, 4.04%, 06/01/2024(2) | | | 119,694 | |
| | | | Comcast Corp. | |
| | | | | 525,000 | | | 3 mo. USD LIBOR + 0.330%, 2.74%, 10/01/2020(2) | | | 525,223 | |
| | | | | 97,000 | | | 4.60%, 10/15/2038 | | | 94,911 | |
| | | | | 29,000 | | | 4.70%, 10/15/2048 | | | 28,205 | |
| | | | | 41,000 | | | 4.95%, 10/15/2058 | | | 40,148 | |
| | | | | 40,000 | | | Comerica, Inc. 3.70%, 07/31/2023 | | | 39,626 | |
| | | | | 125,000 | | | CommScope Technologies LLC 5.00%, 03/15/2027(1) | | | 111,584 | |
| | | | Conagra Brands, Inc. | |
| | | | | 230,000 | | | 3 mo. USD LIBOR + 0.750%, 3.22%, 10/22/2020(2) | | | 230,129 | |
| | | | | 90,000 | | | 3.80%, 10/22/2021 | | | 90,083 | |
| | | | | 145,000 | | | Concho Resources, Inc. 3.75%, 10/01/2027 | | | 136,324 | |
| | | | Constellation Brands, Inc. | |
| | | | | 23,000 | | | 3.20%, 02/15/2023 | | | 22,290 | |
| | | | | 65,000 | | | 3 mo. USD LIBOR + 0.700%, 3.27%, 11/15/2021(2) | | | 64,958 | |
| | | | | 165,000 | | | Corning, Inc. 5.35%, 11/15/2048 | | | 164,677 | |
| | | | | 45,000 | | | Cox Communications, Inc. 4.60%, 08/15/2047(1) | | | 40,063 | |
| | | | Crown Castle International Corp. | |
| | | | | 145,000 | | | 3.20%, 09/01/2024 | | | 136,939 | |
| | | | | 15,000 | | | 3.70%, 06/15/2026 | | | 14,168 | |
| | | | | 150,000 | | | CrownRock L.P. / CrownRock Finance, Inc. 5.63%, 10/15/2025(1) | | | 142,687 | |
| | | | | 200,000 | | | CSC Holdings LLC 5.50%, 04/15/2027(1) | | | 192,000 | |
| | | | CVS Health Corp. | |
| | | | | 1,280,000 | | | 3 mo. USD LIBOR + 0.720%, 3.05%, 03/09/2021(2) | | | 1,286,813 | |
| | | | | 270,000 | | | 5.05%, 03/25/2048 | | | 263,267 | |
| | | | Devon Energy Corp. | |
| | | | | 75,000 | | | 5.00%, 06/15/2045 | | | 69,262 | |
| | | | | 50,000 | | | 5.85%, 12/15/2025 | | | 53,156 | |
| | | | | 123,000 | | | Digital Realty Trust L.P. 3.70%, 08/15/2027 | | | 114,993 | |
| | | | | 100,000 | | | DISH DBS Corp. 7.75%, 07/01/2026 | | | 89,500 | |
| | | | | 75,000 | | | Dollar Tree, Inc. 3 mo. USD LIBOR + 0.700%, 3.15%, 04/17/2020(2) | | | 75,061 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | United States - 41.0% - (continued) | |
| | | | Dow Chemical Co. | |
| | $ | | | | 40,000 | | | 4.63%, 10/01/2044 | | $ | 36,696 | |
| | | | | 21,000 | | | 9.40%, 05/15/2039 | | | 30,492 | |
| | | | | 125,000 | | | Eldorado Resorts, Inc. 6.00%, 04/01/2025 | | | 123,438 | |
| | | | | 66,000 | | | EMD Finance LLC 2.95%, 03/19/2022(1) | | | 64,189 | |
| | | | Energy Transfer Partners L.P. | |
| | | | | 78,000 | | | 4.05%, 03/15/2025 | | | 74,729 | |
| | | | | 55,000 | | | 5.30%, 04/15/2047 | | | 49,447 | |
| | | | | 120,000 | | | 3 mo. USD LIBOR + 4.155%, 6.63%, 02/15/2028(2)(5) | | | 110,400 | |
| | | | | 149,000 | | | EnLink Midstream Partners L.P. 4.85%, 07/15/2026 | | | 140,927 | |
| | | | Enterprise Products Operating LLC | |
| | | | | 32,000 | | | 4.80%, 02/01/2049 | | | 30,778 | |
| | | | | 45,000 | | | 3 mo. USD LIBOR + 2.570%, 5.38%, 02/15/2078(2) | | | 40,128 | |
| | | | | 300,000 | | | EP Energy LLC / Everest Acquisition Finance, Inc. 9.38%, 05/01/2024(1) | | | 228,000 | |
| | | | | 185,000 | | | EQT Corp. 3.90%, 10/01/2027 | | | 168,339 | |
| | | | | 30,000 | | | Equifax, Inc. 3.95%, 06/15/2023 | | | 29,729 | |
| | | | | 35,000 | | | Fidelity National Information Services, Inc. 4.50%, 08/15/2046 | | | 32,317 | |
| | | | | 250,000 | | | First Republic Bank 4.63%, 02/13/2047 | | | 234,933 | |
| | EUR | | | | 518,000 | | | Ford Motor Credit Co. LLC 3 mo. EURIBOR + 0.430%, 0.11%, 05/14/2021(2) | | | 570,937 | |
| | $ | | | | 80,000 | | | Fortive Corp. 4.30%, 06/15/2046 | | | 73,408 | |
| | | | | 45,000 | | | General Electric Co. 3 mo. USD LIBOR + 3.330%, 5.00%, 01/21/2021(2)(5) | | | 41,681 | |
| | | | | 40,000 | | | General Mills, Inc. 3 mo. USD LIBOR + 1.010%, 3.46%, 10/17/2023(2) | | | 40,053 | |
| | | | | 16,000 | | | General Motors Financial Co., Inc. 3 mo. USD LIBOR + 3.598%, 5.75%, 09/30/2027(2)(5) | | | 14,408 | |
| | | | | 70,000 | | | GLP Capital L.P. / GLP Financing II, Inc. 5.30%, 01/15/2029 | | | 68,775 | |
| | | | | 170,000 | | | Golden Nugget, Inc. 6.75%, 10/15/2024(1) | | | 169,575 | |
| | | | Goldman Sachs Group, Inc. | |
| | | | | 195,000 | | | 3 mo. USD LIBOR + 0.990%, 2.91%, 07/24/2023(2) | | | 187,533 | |
| | | | | 1,000,000 | | | 3 mo. USD LIBOR + 0.780%, 3.31%, 10/31/2022(2) | | | 1,003,474 | |
| | | | | 175,000 | | | 3 mo. USD LIBOR + 2.874%, 5.00%, 11/10/2022(2)(5) | | | 161,000 | |
| | | | | 50,000 | | | H&E Equipment Services, Inc. 5.63%, 09/01/2025 | | | 47,625 | |
| | | | | 41,000 | | | HCA, Inc. 5.50%, 06/15/2047 | | | 40,344 | |
| | | | | 110,000 | | | Hewlett Packard Enterprise Co. 3.60%, 10/15/2020 | | | 110,228 | |
| | | | | 53,000 | | | Hexcel Corp. 3.95%, 02/15/2027 | | | 51,116 | |
| | | | | 65,000 | | | Home Depot, Inc. 4.25%, 04/01/2046 | | | 62,500 | |
| | | | | 40,000 | | | Ingersoll-Rand Global Holding Co., Ltd. 2.90%, 02/21/2021 | | | 39,441 | |
| | | | | 76,000 | | | International Flavors & Fragrances, Inc. 5.00%, 09/26/2048 | | | 74,559 | |
| | | | | 116,000 | | | JC Penney Corp., Inc. 5.88%, 07/01/2023(1) | | | 100,340 | |
| | | | JP Morgan Chase & Co. | |
| | | | | 245,000 | | | 3 mo. USD LIBOR + 0.730%, 3.21%, 04/23/2024(2) | | | 242,740 | |
| | | | | 909,000 | | | 3 mo. USD LIBOR + 0.890%, 3.37%, 07/23/2024(2) | | | 909,009 | |
| | | | | 700,000 | | | 3 mo. USD LIBOR + 0.900%, 3.39%, 04/25/2023(2) | | | 703,850 | |
| | | | | 50,000 | | | 3 mo. USD LIBOR + 3.330%, 6.13%, 04/30/2024(2)(5) | | | 50,825 | |
| | | | | 130,000 | | | Kansas City Southern 4.70%, 05/01/2048 | | | 125,509 | |
| | | | | 20,000 | | | Keysight Technologies, Inc. 4.60%, 04/06/2027 | | | 19,854 | |
| | | | | 100,000 | | | Kinder Morgan, Inc. 4.30%, 06/01/2025 | | | 99,465 | |
| | | | Kroger Co. | |
| | | | | 240,000 | | | 4.45%, 02/01/2047 | | | 209,276 | |
| | | | | 25,000 | | | 5.15%, 08/01/2043 | | | 24,015 | |
| | | | | 55,000 | | | M&T Bank Corp. 3 mo. USD LIBOR + 3.520%, 5.13%, 11/01/2026(2)(5) | | | 53,969 | |
| | | | Marathon Petroleum Corp. | |
| | | | | 25,000 | | | 3.80%, 04/01/2028(1) | | | 23,351 | |
| | | | | 35,000 | | | 4.50%, 04/01/2048(1) | | | 30,923 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | United States - 41.0% - (continued) | |
| | $ | | | | 115,000 | | | Martin Marietta Materials, Inc. 4.25%, 12/15/2047 | | $ | 92,327 | |
| | | | McDonald’s Corp. | |
| | | | | 17,000 | | | 4.45%, 03/01/2047 | | | 15,898 | |
| | | | | 102,000 | | | 4.45%, 09/01/2048 | | | 95,456 | |
| | | | | 45,000 | | | Medtronic, Inc. 3.15%, 03/15/2022 | | | 44,501 | |
| | | | | 60,000 | | | MetLife, Inc. 6.40%, 12/15/2036 | | | 62,220 | |
| | | | | 35,000 | | | Microsoft Corp. 4.10%, 02/06/2037 | | | 35,070 | |
| | | | | 30,000 | | | MidAmerican Energy Co. 3.95%, 08/01/2047 | | | 27,928 | |
| | | | Morgan Stanley | |
| | EUR | | | | 781,000 | | | 3 mo. EURIBOR + 0.400%, 0.08%, 05/21/2021(2) | | | 883,988 | |
| | | | | 550,000 | | | 3 mo. EURIBOR + 0.700%, 0.38%, 11/08/2022(2) | | | 624,410 | |
| | $ | | | | 89,000 | | | 3.88%, 01/27/2026 | | | 86,050 | |
| | | | | 84,000 | | | Mosaic Co. 3.25%, 11/15/2022 | | | 81,511 | |
| | | | | 146,000 | | | Motorola Solutions, Inc. 4.60%, 02/23/2028 | | | 140,743 | |
| | | | | 140,000 | | | MPLX L.P. 4.50%, 04/15/2038 | | | 124,746 | |
| | | | | 125,000 | | | MPT Operating Partnership L.P. / MPT Finance Corp. 5.00%, 10/15/2027 | | | 117,463 | |
| | | | | 125,000 | | | Multi-Color Corp. 4.88%, 11/01/2025(1) | | | 114,375 | |
| | | | | 30,000 | | | Nabors Industries, Inc. 5.50%, 01/15/2023 | | | 28,196 | |
| | | | | 90,000 | | | Netflix, Inc. 4.88%, 04/15/2028(1) | | | 82,575 | |
| | | | | | | | Newell Brands, Inc. | |
| | | | | 30,000 | | | 3.85%, 04/01/2023 | | | 29,073 | |
| | | | | 30,000 | | | 4.20%, 04/01/2026 | | | 27,561 | |
| | | | | 30,000 | | | Noble Energy, Inc. 5.05%, 11/15/2044 | | | 27,593 | |
| | | | | 55,000 | | | Norfolk Southern Corp. 4.15%, 02/28/2048 | | | 50,332 | |
| | | | | 105,000 | | | Nucor Corp. 4.40%, 05/01/2048 | | | 98,194 | |
| | | | | 30,000 | | | Packaging Corp. of America 2.45%, 12/15/2020 | | | 29,362 | |
| | | | | 80,000 | | | Progressive Corp. 3 mo. USD LIBOR + 2.539%, 5.38%, 03/15/2023(2)(5) | | | 78,600 | |
| | | | | 137,000 | | | Prudential Financial, Inc. 3 mo. USD LIBOR + 2.380%, 4.50%, 09/15/2047(2) | | | 124,670 | |
| | | | | 70,000 | | | Qualitytech L.P. / QTS Finance Corp. 4.75%, 11/15/2025(1) | | | 65,275 | |
| | | | | | | | Roper Technologies, Inc. | |
| | | | | 102,000 | | | 3.65%, 09/15/2023 | | | 101,087 | |
| | | | | 60,000 | | | 3.80%, 12/15/2026 | | | 57,601 | |
| | | | | 177,000 | | | S&P Global, Inc. 3.30%, 08/14/2020 | | | 176,980 | |
| | | | | | | | Sabine Pass Liquefaction LLC | |
| | | | | 110,000 | | | 4.20%, 03/15/2028 | | | 104,668 | |
| | | | | 30,000 | | | 5.63%, 03/01/2025 | | | 31,319 | |
| | | | | 115,000 | | | SBA Communications Corp. 4.88%, 09/01/2024 | | | 110,975 | |
| | | | | 65,000 | | | Scientific Games International, Inc. 5.00%, 10/15/2025(1) | | | 60,450 | |
| | | | | 65,000 | | | Sempra Energy 3.80%, 02/01/2038 | | | 56,628 | |
| | | | | 116,000 | | | Sherwin-Williams Co. 3.45%, 06/01/2027 | | | 107,231 | |
| | | | | 32,000 | | | Southern California Edison Co. 4.13%, 03/01/2048 | | | 29,668 | |
| | | | | | | | SunTrust Banks, Inc. | |
| | | | | 55,000 | | | 2.70%, 01/27/2022 | | | 53,244 | |
| | | | | 185,000 | | | 3 mo. USD LIBOR + 2.786%, 5.13%, 12/15/2027(2)(5) | | | 169,506 | |
| | | | | 63,000 | | | Synchrony Financial 3.95%, 12/01/2027 | | | 55,541 | |
| | | | | 95,000 | | | T-Mobile USA, Inc. 6.00%, 04/15/2024 | | | 97,375 | |
| | | | | 115,000 | | | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 5.00%, 01/15/2028 | | | 108,963 | |
| | | | | | | | Target Corp. | |
| | | | | 5,000 | | | 3.63%, 04/15/2046 | | | 4,325 | |
| | | | | 50,000 | | | 3.90%, 11/15/2047 | | | 44,979 | |
| | | | | 125,000 | | | Tenet Healthcare Corp. 5.13%, 05/01/2025 | | | 120,313 | |
| | | | | 58,000 | | | Texas Instruments, Inc. 4.15%, 05/15/2048 | | | 55,626 | |
| | | | | 63,000 | | | Union Pacific Corp. 4.50%, 09/10/2048 | | | 61,032 | |
| | | | | 115,000 | | | United Rentals North America, Inc. 4.88%, 01/15/2028 | | | 103,609 | |
| | | | United Technologies Corp. | |
| | | | | 410,000 | | | 3 mo. USD LIBOR + 0.650%, 2.97%, 08/16/2021(2) | | | 410,445 | |
| | | | | 79,000 | | | 4.45%, 11/16/2038 | | | 76,438 | |
| | | | | 50,000 | | | Valero Energy Corp. 4.90%, 03/15/2045 | | | 47,700 | |
| | | | | 90,000 | | | Ventas Realty L.P. 4.40%, 01/15/2029 | | | 88,018 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| CORPORATE BONDS - 65.0% - (continued) | |
| | | | United States - 41.0% - (continued) | |
| | | | Verizon Communications, Inc. | |
| | $ | | | | 26,000 | | | 2.63%, 08/15/2026 | | $ | 23,321 | |
| | | | | 82,000 | | | 3.38%, 02/15/2025 | | | 79,161 | |
| | | | | 116,000 | | | 4.27%, 01/15/2036 | | | 106,204 | |
| | | | | 60,000 | | | Vornado Realty L.P. 3.50%, 01/15/2025 | | | 57,204 | |
| | | | | 34,000 | | | Voya Financial, Inc. 3 mo. USD LIBOR + 2.084%, 4.70%, 01/23/2048(1)(2) | | | 29,240 | |
| | | | | 65,000 | | | Vulcan Materials Co. 4.70%, 03/01/2048(1) | | | 56,084 | |
| | | | Walmart, Inc. | |
| | | | | 913,000 | | | 3 mo. USD LIBOR + 0.230%, 2.60%, 06/23/2021(2) | | | 916,942 | |
| | | | | 32,000 | | | 4.05%, 06/29/2048 | | | 30,433 | |
| | | | | 600,000 | | | Wells Fargo & Co. 3 mo. USD LIBOR + 1.110%, 3.60%, 01/24/2023(2) | | | 606,826 | |
| | | | | 165,000 | | | Williams Cos., Inc. 4.00%, 09/15/2025 | | | 159,472 | |
| | | | | 91,000 | | | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 5.25%, 05/15/2027(1) | | | 82,355 | |
| | | | | | | | | | | | |
| | | | 26,367,797 | |
| | | | | |
| | |
| | | | Total Corporate Bonds
(cost $43,020,840) | | $ | 41,766,658 | |
| | | | | | | | |
|
| ESCROWS(8) - 0.2% | |
| | | | United States - 0.2% | |
| | | | | 50,000 | | | Keurig Dr Pepper, Inc.*(1) | | $ | 49,763 | |
| | | | | 50,000 | | | Keurig Dr Pepper, Inc.*(1) | | | 49,732 | |
| | | | | | | | | | | | |
| | | | 99,495 | |
| | | | | |
| | |
| | | | Total Escrows
(cost $100,000) | | $ | 99,495 | |
| | | | | | | | |
|
| FOREIGN GOVERNMENT OBLIGATIONS - 8.7% | |
| | | | Argentina - 0.3% | |
| | | | | 266,000 | | | Provincia de Cordoba 7.13%, 08/01/2027(1) | | $ | 203,094 | |
| | | | | | | | | | | | |
| | | | Brazil - 0.6% | |
| | | | | 406,000 | | | Brazilian Government International Bond 5.63%, 02/21/2047 | | | 364,385 | |
| | | | | | | | | | | | |
| | | | Supranational - 6.0% | |
| | GBP | | | | 1,501,000 | | | Asian Development Bank 3 mo. USD LIBOR + 0.250%, 0.95%, 10/12/2023(2) | | | 1,918,578 | |
| | $ | | | | 1,931,000 | | | International Bank for Reconstruction & Development SOFR + 0.220%, 2.40%, 08/21/2020(2) | | | 1,930,981 | |
| | | | | | | | | | | | |
| | | | 3,849,559 | |
| | | | | |
| | | | United Kingdom - 1.8% | |
| | | | | 266,000 | | | Bank of England Euro Note 2.50%, 03/05/2021(1) | | | 262,680 | |
| | GBP | | | | 680,224 | | | United Kingdom Treasury Bill 0.70%, 03/25/2019(7) | | | 866,953 | |
| | | | | | | | | | | | |
| | | | 1,129,633 | |
| | | | | |
| | |
| | | | Total Foreign Government Obligations
(cost $5,689,922) | | $ | 5,546,671 | |
| | | | | | | | |
|
| U.S. GOVERNMENT AGENCIES - 0.9% | |
| | | | United States - 0.9% | |
| | | | Mortgage-Backed Agencies - 0.9% | |
| | | | FHLMC - 0.9% | |
| | $ | | | | 250,000 | | | 1 mo. USD LIBOR + 3.300%, 5.58%, 10/25/2027(2) | | $ | 279,630 | |
| | | | | 86,493 | | | 1 mo. USD LIBOR + 2.600%, 4.88%, 12/25/2027(2) | | | 88,146 | |
| | | | | 113,683 | | | 1 mo. USD LIBOR + 2.800%, 5.08%, 05/25/2028(2) | | | 116,692 | |
| | | | | 119,144 | | | 1 mo. USD LIBOR + 0.380%, 2.64%, 05/25/2022(2) | | | 119,069 | |
| | | | | | | | | | | | |
| | | | 603,537 | |
| | | | | |
| | | | 603,537 | |
| | | | | |
| | | | 603,537 | |
| | | | | |
| | |
| | | | Total U.S. Government Agencies
(cost $603,000) | | $ | 603,537 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| U.S. GOVERNMENT SECURITIES - 0.0% | |
| | | | United States - 0.0% | |
| | | | U.S. Treasury Notes - 0.0% | |
| | $ | | | | 20,000 | | | U.S. Treasury Notes 2.75%, 04/30/2023 | | $ | 19,810 | |
| | | | | | | | | | | | |
| | |
| | | | Total U.S. Government Securities
(cost $19,951) | | $ | 19,810 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $56,248,190) | | $ | 54,765,360 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 10.5% | |
| | | | U.S. Treasury - 10.5% | |
| | | | | 2,000,000 | | | U.S. Treasury Bill 0.00%, 11/01/2018(7) | | $ | 2,000,000 | |
| | | | | 4,779,600 | | | U.S. Treasury Bills 2.16%, 12/27/2018 - 01/17/2019(7) | | | 4,760,100 | |
| | | | | | | | | | | | |
| | | | 6,760,100 | |
| | | | | |
| | |
| | | | Total Short-Term Investments
(cost $6,760,507) | | $ | 6,760,100 | |
| | | | | | | | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Investments Excluding Purchased Options (cost $63,008,697) | | | 95.8 | % | | $ | 61,525,460 | |
| | | | |
| | | | | | Total Purchased Options
(cost $1,148,340) | | | 1.4 | % | | | 918,272 | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Investments
(cost $64,157,037) | | | 97.2 | % | | $ | 62,443,732 | |
| | | | | | Other Assets and Liabilities | | | 2.8 | % | | | 1,773,844 | |
| | | | | | | | | | | | | | |
| | | | | | Total Net Assets | | | 100.0 | % | | $ | 64,217,576 | |
| | | | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity Industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $14,165,170, representing 22.1% of total net assets. |
| (2) | Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2018. |
| (3) | Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $5,704,640, representing 8.9% of total net assets. |
| (4) | Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end. |
| (5) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| (6) | Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed. |
| (7) | Current yield as of period end. |
| (8) | Share amount represents shares of the issuer previously held that resulted in the receipt of the escrow. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Option Contracts Outstanding at October 31, 2018 | |
Description | | Counter-
party | | Exercise Price/
FX Rate/Rate | | Expiration
Date | | | Number of
Contracts | | Notional
Amount | | | Market
Value† | | | Premiums
Paid
(Received)
by Fund | | | Unrealized
Appreciation/
(Depreciation) | |
| Purchased option contracts: | |
| Calls | |
GBP Call/USD Put | | CBK | | 1.34 USD per GBP | | | 12/17/18 | | | | 390,000 | | | GBP | | | 390,000 | | | $ | 675 | | | $ | 1,537 | | | $ | (862 | ) |
GBP Call/USD Put | | BCLY | | 1.34 USD per GBP | | | 11/05/18 | | | | 4,660,000 | | | GBP | | | 4,660,000 | | | | — | | | | 34,708 | | | | (34,708 | ) |
GBP Call/USD Put | | CBK | | 1.34 USD per GBP | | | 12/17/18 | | | | 4,660,000 | | | GBP | | | 4,660,000 | | | | 8,065 | | | | 58,038 | | | | (49,973 | ) |
USD Call/BRL Put | | CBK | | 4.30 BRL per USD | | | 10/31/18 | | | | 598,000 | | | USD | | | 598,000 | | | | — | | | | 17,124 | | | | (17,124 | ) |
USD Call/JPY Put | | BCLY | | 112.50 JPY per USD | | | 11/09/18 | | | | 500,000 | | | USD | | | 500,000 | | | | 3,585 | | | | 2,813 | | | | 772 | |
USD Call/JPY Put | | BCLY | | 112.50 JPY per USD | | | 11/09/18 | | | | 5,969,000 | | | USD | | | 5,969,000 | | | | 42,804 | | | | 29,834 | | | | 12,970 | |
USD Call/ZAR Put | | CBK | | 14.20 ZAR per USD | | | 11/20/18 | | | | 4,910,000 | | | USD | | | 4,910,000 | | | | 205,891 | | | | 186,619 | | | | 19,272 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Calls | | | | | | | | | | | | | | | | | 21,687,000 | | | $ | 261,020 | | | $ | 330,673 | | | $ | (69,653 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Puts | |
GBP Put/USD Call | | BNP | | 1.26 USD per GBP | | | 11/05/18 | | | | 4,660,000 | | | GBP | | | 4,660,000 | | | $ | 3,199 | | | $ | 10,768 | | | $ | (7,569 | ) |
USD Put/ZAR Call | | CBK | | 13.10 ZAR per USD | | | 11/20/18 | | | | 4,910,000 | | | USD | | | 4,910,000 | | | | 172 | | | | 213,780 | | | | (213,608 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Puts | | | | | | | | | | | | | | | | | 9,570,000 | | | $ | 3,371 | | | $ | 224,548 | | | $ | (221,177 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total purchased option contracts | | | 31,257,000 | | | $ | 264,391 | | | $ | 555,221 | | | $ | (290,830 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Option Contracts Outstanding at October 31, 2018 – (continued) | |
Description | | Counter-
party | | Exercise Price/
FX Rate/Rate | | Expiration
Date | | | Number of
Contracts | | Notional
Amount | | | Market
Value† | | | Premiums
Paid
(Received)
by Fund | | | Unrealized
Appreciation/
(Depreciation) | |
| Written option contracts: | |
| Calls | |
GBP Call/USD Put | | CBK | | 1.34 USD per GBP | | | 11/05/18 | | | | (4,660,000 | ) | | GBP | | | (4,660,000 | ) | | $ | — | | | $ | (16,745 | ) | | $ | 16,745 | |
USD Call/BRL Put | | CBK | | 4.70 BRL per USD | | | 10/31/18 | | | | (598,000 | ) | | USD | | | (598,000 | ) | | | — | | | | (6,360 | ) | | | 6,360 | |
USD Call/ZAR Put | | CBK | | 15.20 ZAR per USD | | | 11/20/18 | | | | (4,910,000 | ) | | USD | | | (4,910,000 | ) | | | (205,891 | ) | | | (103,939 | ) | | | (101,952 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Calls | | | (10,168,000 | ) | | $ | (205,891 | ) | | $ | (127,044 | ) | | $ | (78,847 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Written option contracts: | |
| Puts | |
GBP Put/USD Call | | BCLY | | 1.26 USD per GBP | | | 11/05/18 | | | | (4,660,000 | ) | | GBP | | | (4,660,000 | ) | | $ | (3,198 | ) | | $ | (32,614 | ) | | $ | 29,416 | |
USD Put/ZAR Call | | CBK | | 12.35 ZAR per USD | | | 11/20/18 | | | | (4,910,000 | ) | | USD | | | (4,910,000 | ) | | | (10 | ) | | | (83,862 | ) | | | 83,852 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Puts | | | | | | | | | | | | | | | | | (9,570,000 | ) | | $ | (3,208 | ) | | $ | (116,476 | ) | | $ | 113,268 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total written option contracts | | | (19,738,000 | ) | | $ | (209,099 | ) | | $ | (243,520 | ) | | $ | 34,421 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Swaption Contracts Outstanding at October 31, 2018 | |
Description | | Counter-
party | | Exercise Price/
FX Rate/Rate | | Pay/
Receive
Floating
Rate | | | Expiration
Date | | | Notional
Amount | | | Number of
Contracts | | | Market
Value† | | | Premiums
Paid
(Received)
by Fund | | | Unrealized
Appreciation/
(Depreciation) | |
| Purchased swaption contracts: | |
| Puts | |
10 year USD LIBOR Interest Rate Swap terminating 05/02/29 | | MSC | | 3.05% | | | Receive | | | | 04/30/19 | | | USD | | | 7,000,000 | | | | 7,000,000 | | | $ | 183,715 | | | $ | 157,937 | | | $ | 25,778 | |
10 year USD LIBOR Interest Rate Swap terminating 5/2/19 | | MSC | | 3.05% | | | Receive | | | | 04/30/19 | | | USD | | | 570,940 | | | | 570,940 | | | | 14,984 | | | | 14,273 | | | | 711 | |
10 year USD LIBOR Interest Rate Swap terminating 9/27/19 | | MSC | | 3.20% | | | Receive | | | | 09/25/19 | | | USD | | | 1,393,132 | | | | 1,393,132 | | | | 34,915 | | | | 33,296 | | | | 1,619 | |
3 month USD LIBOR Interest Rate Swap terminating 9/29/29 | | MSC | | 3.20% | | | Receive | | | | 09/25/19 | | | USD | | | 16,768,900 | | | | 16,768,900 | | | | 420,267 | | | | 387,613 | | | | 32,654 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Puts | | | | 25,732,972 | | | $ | 653,881 | | | $ | 593,119 | | | $ | 60,762 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total purchased swaption contracts | | | | | | | | | | | | | | | | | 25,732,972 | | | $ | 653,881 | | | $ | 593,119 | | | $ | 60,762 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2018 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Long position contracts: | |
Australian 10-Year Bond Future | | | 81 | | | | 12/17/2018 | | | $ | 7,423,132 | | | $ | 52,575 | |
Euro-Bund Future | | | 15 | | | | 12/06/2018 | | | | 2,722,778 | | | | 22,824 | |
Euro-OAT Future | | | 36 | | | | 12/06/2018 | | | | 6,196,232 | | | | 60,283 | |
U.S. Treasury 5-Year Note Future | | | 105 | | | | 12/31/2018 | | | | 11,800,195 | | | | (36,156 | ) |
U.S. Treasury 10-Year Note Future | | | 35 | | | | 12/19/2018 | | | | 4,145,312 | | | | (15,932 | ) |
U.S. Treasury Ultra Bond Future | | | 26 | | | | 12/19/2018 | | | | 3,879,688 | | | | (212,332 | ) |
| | | | | | | | | | | | | | | | |
Total | | | $ | (128,738 | ) |
| | | | | | | | | | | | | | | | |
| Short position contracts: | |
90-Day Euro Future | | | 133 | | | | 12/14/2020 | | | $ | 32,184,337 | | | $ | 5,465 | |
Canadian Government 10-Year Bond Future | | | 31 | | | | 12/18/2018 | | | | 3,111,892 | | | | (6,330 | ) |
Long Gilt Future | | | 26 | | | | 12/27/2018 | | | | 4,068,077 | | | | 9,080 | |
U.S. Treasury 2-Year Note Future | | | 7 | | | | 12/31/2018 | | | | 1,474,594 | | | | 4,332 | |
U.S. Treasury 5-Year Note Future | | | 38 | | | | 12/31/2018 | | | | 4,270,547 | | | | 37,307 | |
U.S. Treasury 10-Year Note Future | | | 45 | | | | 12/19/2018 | | | | 5,329,688 | | | | 69,267 | |
U.S. Treasury Long Bond Future | | | 29 | | | | 12/19/2018 | | | | 4,005,625 | | | | 132,774 | |
| | | | | | | | | | | | | | | | |
Total | | | $ | 251,895 | |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | $ | 123,157 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Credit Default Swap Contracts Outstanding at October 31, 2018 | |
Reference Entity | | Counter-
party | | Notional
Amount (a) | | | (Pay)/Receive
Fixed Rate | | | Expiration
Date | | | Periodic
Payment
Frequency | | | Upfront
Premiums
Paid | | | Upfront
Premiums
Received | | | Market
Value† | | | Unrealized
Appreciation/
(Depreciation) | |
| Credit default swaps on single-name issues: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Buy protection: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Intesa S.p.A. | | BNP | | | EUR | | | | 300,000 | | | | (1.00%) | | | | 06/20/21 | | | | Quarterly | | | $ | 1,746 | | | $ | — | | | $ | 4,631 | | | $ | 2,885 | |
Standard Chartered Bank | | CBK | | | EUR | | | | 470,000 | | | | (1.00%) | | | | 09/20/20 | | | | Quarterly | | | | 8,970 | | | | — | | | | (7,184 | ) | | | (16,154 | ) |
Wendel S.A. | | BNP | | | EUR | | | | 150,000 | | | | (5.00%) | | | | 06/20/21 | | | | Quarterly | | | | — | | | | (15,458 | ) | | | 383 | | | | 15,841 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | | | | | | | | $ | 10,716 | | | $ | (15,458 | ) | | $ | (2,170 | ) | | $ | 2,572 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total single-name issues | | | | | | | $ | 10,716 | | | $ | (15,458 | ) | | $ | (2,170 | ) | | $ | 2,572 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total OTC contracts | | | | | | | | | | | | | | | | | | $ | 10,716 | | | $ | (15,458 | ) | | $ | (2,170 | ) | | $ | 2,572 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2018 | |
Reference Entity | | Notional
Amount (a) | | | (Pay)/Receive
Fixed Rate | | | Expiration
Date | | | Periodic
Payment
Frequency | | | Cost Basis | | | Value† | | | Unrealized
Appreciation/
(Depreciation) | |
| Credit default swaps on indices: | | | | | | | | | | | | | | | | | | | | | | | |
| Buy protection: | | | | | | | | | | | | | | | | | | | | | | | |
CDX.NA.IG.1 | | USD | | | 4,063,000 | | | | (1.00 | %) | | | 06/20/23 | | | | Quarterly | | | $ | (57,836 | ) | | $ | (69,358 | ) | | $ | (11,522 | ) |
CDX.NA.IG.5 | | USD | | | 2,002,910 | | | | (5.00 | %) | | | 06/20/23 | | | | Quarterly | | | | (135,365 | ) | | | (130,422 | ) | | | 4,943 | |
ITRAXX.EUR.5 | | EUR | | | 901,929 | | | | (5.00 | %) | | | 06/20/23 | | | | Quarterly | | | | (95,453 | ) | | | (91,512 | ) | | | 3,941 | |
ITRAXX.EUR.5 | | EUR | | | 2,504,500 | | | | (5.00 | %) | | | 12/20/23 | | | | Quarterly | | | | (303,170 | ) | | | (273,554 | ) | | | 29,616 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | $ | (591,824 | ) | | $ | (564,846 | ) | | $ | 26,978 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | $ | (591,824 | ) | | $ | (564,846 | ) | | $ | 26,978 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2018 | |
Payments made
by Fund | | Payments received
by Fund | | Notional
Amount | | | Expiration
Date | | | Periodic
Payment
Frequency | | Upfront
Premiums
Paid | | | Upfront
Premiums
Received | | | Value† | | | Unrealized
Appreciation/
(Depreciation) | |
2.90% Fixed | | 3 Mo. CAD CDOR | | CAD | | | 9,833,994 | | | | 10/11/28 | | | Semi-Annual | | $ | — | | | $ | (7,917 | ) | | $ | (1,148 | ) | | $ | 6,769 | |
2.88% Fixed | | 3 Mo. USD LIBOR | | USD | | | 15,610,600 | | | | 07/09/23 | | | Semi-Annual | | | 20,890 | | | | — | | | | 49,588 | | | | 28,698 | |
3.09% Fixed | | 3M LIBOR | | USD | | | 3,484,000 | | | | 10/30/23 | | | Semi-Annual | | | — | | | | — | | | | 5,970 | | | | 5,970 | |
3.11% Fixed | | 3M LIBOR | | USD | | | 3,484,000 | | | | 10/29/23 | | | Semi-Annual | | | — | | | | — | | | | 3,701 | | | | 3,701 | |
3M LIBOR | | 3.24% Fixed | | USD | | | 813,250 | | | | 10/29/48 | | | Quarterly | | | — | | | | — | | | | (8,161 | ) | | | (8,161 | ) |
3M LIBOR | | 3.22% Fixed | | USD | | | 813,250 | | | | 10/30/48 | | | Quarterly | | | — | | | | — | | | | (10,304 | ) | | | (10,304 | ) |
6M EURIBOR | | 1.49% Fixed | | EUR | | | 1,184,718 | | | | 07/04/48 | | | Semi-Annual | | | — | | | | (2,586 | ) | | | 13,150 | | | | 15,736 | |
6M EURIBOR | | 1.04% Fixed | | EUR | | | 6,122,365 | | | | 10/15/28 | | | Semi-Annual | | | 32,255 | | | | — | | | | 68,064 | | | | 35,809 | |
2.30% Fixed | | CPURNSA | | USD | | | 8,500,425 | | | | 07/30/23 | | | Maturity | | | — | | | | — | | | | (61,825 | ) | | | (61,825 | ) |
2.34% Fixed | | CPURNSA | | USD | | | 4,800,240 | | | | 05/24/23 | | | Maturity | | | — | | | | — | | | | (39,952 | ) | | | (39,952 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | $ | 53,145 | | | $ | (10,503 | ) | | $ | 19,083 | | | $ | (23,559 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 65,700 | | | AUD | | | 46,514 | | | USD | | JPM | | | 11/14/18 | | | $ | 19 | | | $ | — | |
| | 552,000 | | | AUD | | | 391,154 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (193 | ) |
| | 1,687,800 | | | AUD | | | 1,197,793 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (2,389 | ) |
| | 1,687,800 | | | AUD | | | 1,201,503 | | | USD | | SSG | | | 11/14/18 | | | | — | | | | (6,098 | ) |
| | 1,685,900 | | | AUD | | | 1,203,331 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (9,273 | ) |
| | 1,685,900 | | | AUD | | | 1,204,071 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (10,013 | ) |
| | 114,500 | | | BRL | | | 30,977 | | | USD | | JPM | | | 11/05/18 | | | | — | | | | (231 | ) |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 – (continued) | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 2,337,400 | | | BRL | | | 628,722 | | | USD | | CBK | | | 11/05/18 | | | $ | — | | | $ | (1,076 | ) |
| | 2,222,900 | | | BRL | | | 598,680 | | | USD | | BCLY | | | 11/05/18 | | | | — | | | | (1,780 | ) |
| | 340,000 | | | CAD | | | 259,838 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (1,505 | ) |
| | 1,245,520 | | | CAD | | | 958,734 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (12,386 | ) |
| | 1,868,280 | | | CAD | | | 1,434,142 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (14,620 | ) |
| | 1,550,150 | | | CAD | | | 1,196,440 | | | USD | | SSG | | | 11/14/18 | | | | — | | | | (18,634 | ) |
| | 1,541,300 | | | CAD | | | 1,192,827 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (21,745 | ) |
| | 4,531,000 | | | CZK | | | 202,483 | | | USD | | SSG | | | 11/14/18 | | | | — | | | | (4,565 | ) |
| | 13,377,000 | | | CZK | | | 591,059 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (6,740 | ) |
| | 151,204,182 | | | CZK | | | 6,712,385 | | | USD | | SSG | | | 11/14/18 | | | | — | | | | (107,654 | ) |
| | 2,081,100 | | | EUR | | | 2,391,567 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (31,810 | ) |
| | 2,647,689 | | | EUR | | | 3,053,065 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (50,854 | ) |
| | 2,645,056 | | | EUR | | | 3,068,080 | | | USD | | BNP | | | 11/14/18 | | | | — | | | | (68,854 | ) |
| | 131,000 | | | GBP | | | 167,859 | | | USD | | BOA | | | 11/14/18 | | | | — | | | | (314 | ) |
| | 89,585 | | | GBP | | | 117,318 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (2,740 | ) |
| | 1,153,600 | | | GBP | | | 1,502,992 | | | USD | | CIBC | | | 11/14/18 | | | | — | | | | (27,567 | ) |
| | 61,200,659,684 | | | IDR | | | 3,979,237 | | | USD | | JPM | | | 11/14/18 | | | | 39,547 | | | | — | |
| | 2,097,107,000 | | | IDR | | | 135,691 | | | USD | | BNP | | | 11/14/18 | | | | 2,017 | | | | — | |
| | 5,356,049,000 | | | IDR | | | 351,793 | | | USD | | MSC | | | 11/14/18 | | | | — | | | | (84 | ) |
| | 254,895,800 | | | INR | | | 3,433,402 | | | USD | | BCLY | | | 11/14/18 | | | | 7,663 | | | | — | |
| | 10,323,000 | | | INR | | | 138,322 | | | USD | | BNP | | | 11/14/18 | | | | 1,037 | | | | — | |
| | 21,121,000 | | | INR | | | 287,791 | | | USD | | MSC | | | 11/14/18 | | | | — | | | | (2,660 | ) |
| | 815,671,012 | | | JPY | | | 7,224,331 | | | USD | | BNP | | | 11/14/18 | | | | 11,775 | | | | — | |
| | 22,603,000 | | | JPY | | | 199,077 | | | USD | | SSG | | | 11/14/18 | | | | 1,443 | | | | — | |
| | 6,206,026 | | | JPY | | | 54,713 | | | USD | | BCLY | | | 11/14/18 | | | | 343 | | | | — | |
| | 39,374,000 | | | JPY | | | 350,136 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (835 | ) |
| | 3,677,675,200 | | | KRW | | | 3,223,345 | | | USD | | UBS | | | 11/14/18 | | | | 5,150 | | | | — | |
| | 2,716,149,800 | | | KRW | | | 2,393,716 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (9,309 | ) |
| | 4,328,000 | | | MXN | | | 222,595 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (10,046 | ) |
| | 11,388,681 | | | MXN | | | 584,509 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (25,206 | ) |
| | 12,537,119 | | | MXN | | | 643,460 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (27,758 | ) |
| | 11,949,289 | | | MXN | | | 619,022 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (32,188 | ) |
| | 14,604,686 | | | MXN | | | 763,069 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (45,828 | ) |
| | 26,553,975 | | | MXN | | | 1,382,731 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (78,655 | ) |
| | 26,553,975 | | | MXN | | | 1,386,384 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (82,309 | ) |
| | 69,120,000 | | | MXN | | | 3,660,991 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (267,317 | ) |
| | 3,874,734 | | | NOK | | | 465,638 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (5,722 | ) |
| | 3,835,987 | | | NOK | | | 461,304 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (5,988 | ) |
| | 3,894,107 | | | NOK | | | 468,423 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (6,208 | ) |
| | 3,894,108 | | | NOK | | | 468,841 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (6,626 | ) |
| | 6,027,364 | | | NOK | | | 724,710 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (9,286 | ) |
| | 39,592,768 | | | NOK | | | 4,783,642 | | | USD | | SSG | | | 11/14/18 | | | | — | | | | (84,139 | ) |
| | 1,789,850 | | | NZD | | | 1,167,492 | | | USD | | UBS | | | 11/14/18 | | | | 652 | | | | — | |
| | 1,789,850 | | | NZD | | | 1,171,596 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (3,452 | ) |
| | 16,588,200 | | | RUB | | | 251,957 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (590 | ) |
| | 26,000 | | | SEK | | | 2,909 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (64 | ) |
| | 1,713,000 | | | SEK | | | 188,654 | | | USD | | JPM | | | 11/14/18 | | | | — | | | | (1,254 | ) |
| | 13,503,250 | | | SEK | | | 1,498,301 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (21,062 | ) |
| | 13,503,250 | | | SEK | | | 1,498,746 | | | USD | | UBS | | | 11/14/18 | | | | — | | | | (21,507 | ) |
| | 93,158,400 | | | TWD | | | 3,024,623 | | | USD | | MSC | | | 11/14/18 | | | | — | | | | (11,085 | ) |
| | 150,249 | | | USD | | | 212,000 | | | AUD | | UBS | | | 11/14/18 | | | | 97 | | | | — | |
| | 46,233 | | | USD | | | 65,410 | | | AUD | | JPM | | | 11/14/18 | | | | — | | | | (94 | ) |
| | 630,282 | | | USD | | | 2,337,400 | | | BRL | | CBK | | | 11/05/18 | | | | 2,635 | | | | — | |
| | 597,923 | | | USD | | | 2,222,900 | | | BRL | | BCLY | | | 11/05/18 | | | | 1,023 | | | | — | |
| | 30,799 | | | USD | | | 114,500 | | | BRL | | JPM | | | 11/05/18 | | | | 53 | | | | — | |
| | 1,902,138 | | | USD | | | 2,496,880 | | | CAD | | SSG | | | 11/14/18 | | | | 5,004 | | | | — | |
| | 475,597 | | | USD | | | 624,220 | | | CAD | | UBS | | | 11/14/18 | | | | 1,314 | | | | — | |
| | 340 | | | USD | | | 438 | | | CAD | | SSG | | | 11/14/18 | | | | 8 | | | | — | |
| | 5,802,071 | | | USD | | | 5,751,013 | | | CHF | | SSG | | | 11/14/18 | | | | 84,761 | | | | — | |
| | 181,014 | | | USD | | | 179,000 | | | CHF | | SSG | | | 11/14/18 | | | | 3,063 | | | | — | |
| | 311,111 | | | USD | | | 310,000 | | | CHF | | JPM | | | 11/14/18 | | | | 2,928 | | | | — | |
| | 14,566,683 | | | USD | | | 12,611,947 | | | EUR | | BCLY | | | 11/14/18 | | | | 266,013 | | | | — | |
| | 3,624,870 | | | USD | | | 3,136,843 | | | EUR | | JPM | | | 11/14/18 | | | | 68,008 | | | | — | |
| | 3,298,680 | | | USD | | | 2,854,569 | | | EUR | | JPM | | | 11/14/18 | | | | 61,888 | | | | — | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 – (continued) | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 1,229,555 | | | USD | | | 1,064,016 | | | EUR | | JPM | | | 11/14/18 | | | $ | 23,068 | | | $ | — | |
| | 1,145,179 | | | USD | | | 991,000 | | | EUR | | JPM | | | 11/14/18 | | | | 21,485 | | | | — | |
| | 542,368 | | | USD | | | 475,000 | | | EUR | | JPM | | | 11/14/18 | | | | 3,766 | | | | — | |
| | 154,707 | | | USD | | | 134,000 | | | EUR | | JPM | | | 11/14/18 | | | | 2,765 | | | | — | |
| | 138,130 | | | USD | | | 120,000 | | | EUR | | JPM | | | 11/14/18 | | | | 2,062 | | | | — | |
| | 161,041 | | | USD | | | 141,000 | | | EUR | | CBK | | | 11/14/18 | | | | 1,162 | | | | — | |
| | 2,378,296 | | | USD | | | 1,816,103 | | | GBP | | JPM | | | 11/14/18 | | | | 55,546 | | | | — | |
| | 1,730,046 | | | USD | | | 1,321,089 | | | GBP | | JPM | | | 11/14/18 | | | | 40,406 | | | | — | |
| | 892,153 | | | USD | | | 678,096 | | | GBP | | CBK | | | 11/14/18 | | | | 24,885 | | | | — | |
| | 986,583 | | | USD | | | 754,083 | | | GBP | | CBK | | | 11/14/18 | | | | 22,130 | | | | — | |
| | 102,012 | | | USD | | | 78,000 | | | GBP | | JPM | | | 11/14/18 | | | | 2,252 | | | | — | |
| | 1,915,551 | | | USD | | | 1,502,533 | | | GBP | | BNP | | | 11/14/18 | | | | — | | | | (6,151 | ) |
| | 856,033 | | | USD | | | 655,655 | | | GBP | | JPM | | | 11/20/18 | | | | 17,239 | | | | — | |
| | 2,401,282 | | | USD | | | 269,583,800 | | | JPY | | SSG | | | 11/14/18 | | | | 9,709 | | | | — | |
| | 127,363 | | | USD | | | 14,299,000 | | | JPY | | SSG | | | 11/14/18 | | | | 511 | | | | — | |
| | 5,956,893 | | | USD | | | 6,718,898,850 | | | KRW | | BCLY | | | 11/14/18 | | | | 58,621 | | | | — | |
| | 1,192,353 | | | USD | | | 1,351,890,000 | | | KRW | | BCLY | | | 11/14/18 | | | | 5,579 | | | | — | |
| | 471,635 | | | USD | | | 534,952,000 | | | KRW | | MSC | | | 11/14/18 | | | | 2,020 | | | | — | |
| | 5,497,162 | | | USD | | | 105,012,291 | | | MXN | | SSG | | | 11/14/18 | | | | 339,971 | | | | — | |
| | 911,487 | | | USD | | | 17,161,014 | | | MXN | | BNP | | | 11/14/18 | | | | 68,703 | | | | — | |
| | 155,682 | | | USD | | | 2,930,573 | | | MXN | | BNP | | | 11/14/18 | | | | 11,760 | | | | — | |
| | 79,209 | | | USD | | | 1,494,446 | | | MXN | | BNP | | | 11/14/18 | | | | 5,816 | | | | — | |
| | 54,664 | | | USD | | | 1,041,000 | | | MXN | | JPM | | | 11/14/18 | | | | 3,540 | | | | — | |
| | 1,196,068 | | | USD | | | 1,818,550 | | | NZD | | BNP | | | 11/14/18 | | | | 9,192 | | | | — | |
| | 103,404 | | | USD | | | 158,000 | | | NZD | | JPM | | | 11/14/18 | | | | 286 | | | | — | |
| | 859 | | | USD | | | 1,317 | | | NZD | | BNP | | | 11/14/18 | | | | — | | | | (1 | ) |
| | 2,305,148 | | | USD | | | 3,578,383 | | | NZD | | ANZ | | | 11/14/18 | | | | — | | | | (30,282 | ) |
| | 937,668 | | | USD | | | 3,525,229 | | | PLN | | CIBC | | | 11/14/18 | | | | 18,701 | | | | — | |
| | 109,108 | | | USD | | | 412,000 | | | PLN | | JPM | | | 11/14/18 | | | | 1,707 | | | | — | |
| | 207,435 | | | USD | | | 13,579,650 | | | RUB | | BCLY | | | 11/14/18 | | | | 1,658 | | | | — | |
| | 45,953 | | | USD | | | 3,008,550 | | | RUB | | BCLY | | | 11/14/18 | | | | 363 | | | | — | |
| | 2,884,278 | | | USD | | | 26,170,500 | | | SEK | | SSG | | | 11/14/18 | | | | 21,257 | | | | — | |
| | 94,875 | | | USD | | | 862,000 | | | SEK | | JPM | | | 11/14/18 | | | | 574 | | | | — | |
| | 202,508 | | | USD | | | 1,143,463 | | | TRY | | BCLY | | | 11/14/18 | | | | — | | | | (270 | ) |
| | 271,750 | | | USD | | | 1,534,437 | | | TRY | | BCLY | | | 11/14/18 | | | | — | | | | (363 | ) |
| | 474,294 | | | USD | | | 2,677,900 | | | TRY | | BCLY | | | 11/14/18 | | | | — | | | | (598 | ) |
| | 6,796,623 | | | USD | | | 209,227,250 | | | TWD | | CBK | | | 11/14/18 | | | | 28,427 | | | | — | |
| | 2,085,869 | | | USD | | | 64,328,200 | | | TWD | | CBK | | | 11/14/18 | | | | 4,946 | | | | — | |
| | 1,196,712 | | | USD | | | 36,980,800 | | | TWD | | BNP | | | 11/14/18 | | | | 437 | | | | — | |
| | 569,746 | | | USD | | | 17,608,000 | | | TWD | | MSC | | | 11/14/18 | | | | 153 | | | | — | |
| | 167,445 | | | USD | | | 5,200,000 | | | TWD | | BOA | | | 11/14/18 | | | | — | | | | (768 | ) |
| | 268,772 | | | USD | | | 4,015,000 | | | ZAR | | BCLY | | | 11/14/18 | | | | — | | | | (2,917 | ) |
| | 5,244,293 | | | USD | | | 78,257,700 | | | ZAR | | CBK | | | 11/14/18 | | | | — | | | | (51,276 | ) |
| | 12,616,200 | | | ZAR | | | 851,525 | | | USD | | BCLY | | | 11/14/18 | | | | 2,192 | | | | — | |
| | 13,386,200 | | | ZAR | | | 905,042 | | | USD | | SSG | | | 11/14/18 | | | | 780 | | | | — | |
| | 1,731,100 | | | ZAR | | | 119,080 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (1,939 | ) |
| | 13,634,800 | | | ZAR | | | 938,837 | | | USD | | BCLY | | | 11/14/18 | | | | — | | | | (16,193 | ) |
| | 40,904,400 | | | ZAR | | | 2,816,235 | | | USD | | CBK | | | 11/14/18 | | | | — | | | | (48,302 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | | | $ | 1,380,110 | | | $ | (1,319,373 | ) |
| | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Foreign Cross Currency Contracts Outstanding at October 31, 2018 | |
Contract
Amount | | | Counterparty | | Delivery
Date | | Contract
Amount | | | Unrealized
Appreciation | |
| | CHF | | | | 2,369,996 | | | UBS | | 11/14/18 | | JPY | | | 2,407,112 | | | $ | (37,117 | ) |
| | EUR | | | | 1,197,466 | | | UBS | | 11/14/18 | | SEK | | | 1,190,653 | | | | 6,813 | |
| | EUR | | | | 542,577 | | | UBS | | 11/14/18 | | SEK | | | 539,152 | | | | 3,424 | |
| | EUR | | | | 2,565,402 | | | JPM | | 11/14/18 | | CHF | | | 2,562,296 | | | | 3,106 | |
| | EUR | | | | 6,252 | | | BCLY | | 11/14/18 | | RUB | | | 6,289 | | | | (36 | ) |
| | EUR | | | | 54,961 | | | BCLY | | 11/14/18 | | RUB | | | 56,424 | | | | (1,463 | ) |
| | EUR | | | | 1,188,087 | | | UBS | | 11/14/18 | | SEK | | | 1,190,653 | | | | (2,565 | ) |
| | EUR | | | | 1,641,351 | | | UBS | | 11/14/18 | | RUB | | | 1,669,404 | | | | (28,053 | ) |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | |
| Foreign Cross Currency Contracts Outstanding at October 31, 2018 – (continued) | |
Contract
Amount | | | Counterparty | | Delivery
Date | | Contract
Amount | | | Unrealized
Appreciation | |
| | EUR | | | | 1,628,523 | | | BCLY | | 11/14/18 | | RUB | | | 1,661,197 | | | $ | (32,675 | ) |
| | JPY | | | | 3,028,319 | | | UBS | | 11/14/18 | | EUR | | | 2,965,677 | | | | 62,642 | |
| | NOK | | | | 1,784,354 | | | JPM | | 11/14/18 | | SEK | | | 1,800,974 | | | | (16,619 | ) |
| | PLN | | | | 28,793 | | | JPM | | 11/14/18 | | CZK | | | 28,827 | | | | (33 | ) |
| | PLN | | | | 29,600 | | | JPM | | 11/14/18 | | CZK | | | 29,633 | | | | (33 | ) |
| | PLN | | | | 270,929 | | | JPM | | 11/14/18 | | CZK | | | 271,188 | | | | (259 | ) |
| | PLN | | | | 343,530 | | | JPM | | 11/14/18 | | CZK | | | 343,927 | | | | (397 | ) |
| | PLN | | | | 353,144 | | | JPM | | 11/14/18 | | CZK | | | 353,543 | | | | (399 | ) |
| | RUB | | | | 1,717,621 | | | BCLY | | 11/14/18 | | EUR | | | 1,675,574 | | | | 42,047 | |
| | RUB | | | | 1,675,693 | | | BCLY | | 11/14/18 | | EUR | | | 1,672,270 | | | | 3,423 | |
| | SEK | | | | 1,875,003 | | | UBS | | 11/14/18 | | NOK | | | 1,855,095 | | | | 19,908 | |
| | SEK | | | | 1,892,371 | | | UBS | | 11/14/18 | | NOK | | | 1,872,815 | | | | 19,556 | |
| | SEK | | | | 1,066,290 | | | UBS | | 11/14/18 | | NOK | | | 1,054,968 | | | | 11,321 | |
| | SEK | | | | 1,076,167 | | | UBS | | 11/14/18 | | NOK | | | 1,065,046 | | | | 11,121 | |
| | SEK | | | | 255,682 | | | UBS | | 11/14/18 | | NOK | | | 253,043 | | | | 2,639 | |
| | SEK | | | | 145,403 | | | UBS | | 11/14/18 | | NOK | | | 143,902 | | | | 1,501 | |
| | SEK | | | | 136,001 | | | UBS | | 11/14/18 | | NOK | | | 134,596 | | | | 1,405 | |
| | SEK | | | | 77,342 | | | UBS | | 11/14/18 | | NOK | | | 76,543 | | | | 799 | |
| | | | | | | | | | | | | | | | | | | | |
| | Total | | | | | | | $ | 70,056 | |
| | | | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Counterparty Abbreviations: |
ANZ | | Australia and New Zealand Banking Group |
BCLY | | Barclays |
BNP | | BNP Paribas Securities Services |
BOA | | Banc of America Securities LLC |
CBK | | Citibank NA |
CIBC | | Canadian Imperial Bank of Commerce |
JPM | | JP Morgan Chase & Co. |
MSC | | Morgan Stanley |
SSG | | State Street Global Markets LLC |
UBS | | UBS AG |
|
| Currency Abbreviations: |
AUD | | Australian Dollar |
BRL | | Brazilian Real |
CAD | | Canadian Dollar |
CHF | | Swiss Franc |
CZK | | Czech Koruna |
EUR | | Euro |
GBP | | British Pound |
IDR | | Indonesian Rupiah |
INR | | Indian Rupee |
JPY | | Japanese Yen |
KRW | | South Korean Won |
MXN | | Mexican Peso |
NOK | | Norwegian Krone |
NZD | | New Zealand Dollar |
PLN | | Polish Zloty |
RUB | | Russian Ruble |
SEK | | Swedish Krona |
TRY | | Turkish Lira |
TWD | | Taiwanese Dollar |
USD | | United States Dollar |
ZAR | | South African Rand |
| | |
| Index Abbreviations: |
CDX.NA.IG | | Credit Derivatives North American Investment Grade |
CPURNSA | | Consumer Price All Urban Non-Seasonally Adjusted |
ITRAXX.EUR | | Markit iTraxx - Europe |
S&P | | Standard & Poors |
|
| Other Abbreviations: |
CDOR | | Canadian Dollar Offered Rate |
CMO | | Collateralized Mortgage Obligation |
EURIBOR | | Euro Interbank Offered Rate |
FHLMC | | Federal Home Loan Mortgage Corp. |
LIBOR | | London Interbank Offered Rate |
MTN | | Medium Term Note |
OTC | | Over-the-Counter |
PIK | | Payment-in-kind |
SOFR | | Secured Overnight Financing Rate |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Global Strategic Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Asset & Commercial Mortgage Backed Securities | | $ | 6,729,189 | | | $ | — | | | $ | 6,729,189 | | | $ | — | |
Corporate Bonds | | | 41,766,658 | | | | — | | | | 41,766,658 | | | | — | |
Escrows | | | 99,495 | | | | — | | | | 99,495 | | | | — | |
Foreign Government Obligations | | | 5,546,671 | | | | — | | | | 5,546,671 | | | | — | |
U.S. Government Agencies | | | 603,537 | | | | — | | | | 603,537 | | | | — | |
U.S. Government Securities | | | 19,810 | | | | — | | | | 19,810 | | | | — | |
Short-Term Investments | | | 6,760,100 | | | | — | | | | 6,760,100 | | | | — | |
Purchased Options | | | 918,272 | | | | — | | | | 918,272 | | | | — | |
Foreign Currency Contracts(2) | | | 1,569,815 | | | | — | | | | 1,569,815 | | | | — | |
Futures Contracts(2) | | | 393,907 | | | | 393,907 | | | | — | | | | — | |
Swaps - Credit Default(2) | | | 57,226 | | | | — | | | | 57,226 | | | | — | |
Swaps - Interest Rate(2) | | | 96,683 | | | | — | | | | 96,683 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 64,561,363 | | | $ | 393,907 | | | $ | 64,167,456 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Foreign Currency Contracts(2) | | $ | (1,439,022 | ) | | $ | — | | | $ | (1,439,022 | ) | | $ | — | |
Futures Contracts(2) | | | (270,750 | ) | | | (270,750 | ) | | | — | | | | — | |
Swaps - Credit Default(2) | | | (27,676 | ) | | | — | | | | (27,676 | ) | | | — | |
Swaps - Interest Rate(2) | | | (120,242 | ) | | | — | | | | (120,242 | ) | | | — | |
Written Options | | | (209,099 | ) | | | — | | | | (209,099 | ) | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (2,066,789 | ) | | $ | (270,750 | ) | | $ | (1,796,039 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% | |
| | | | Australia - 4.1% | |
| | 352,166 | | | Adelaide Brighton Ltd. | | $ | 1,416,463 | |
| | 22,416 | | | BGP Holdings plc(1)(2) | | | — | |
| | 362,348 | | | BHP Billiton Ltd. | | | 8,360,690 | |
| | 466,567 | | | BHP Billiton plc | | | 9,307,402 | |
| | 162,304 | | | Coca-Cola Amatil Ltd. | | | 1,142,247 | |
| | 61,175 | | | Collection House Ltd. | | | 57,894 | |
| | 840,497 | | | Computershare Ltd. | | | 11,802,825 | |
| | 7,355 | | | DWS Ltd. | | | 6,094 | |
| | 439,683 | | | IPH Ltd. | | | 1,687,945 | |
| | 78,700 | | | Macquarie Group Ltd. | | | 6,562,963 | |
| | 55,044 | | | McMillan Shakespeare Ltd. | | | 645,568 | |
| | 222,513 | | | Medusa Mining Ltd.* | | | 51,209 | |
| | 517,180 | | | Metcash Ltd. | | | 1,010,806 | |
| | 67,047 | | | Perpetual Ltd. | | | 1,649,121 | |
| | 2,646,937 | | | Perseus Mining Ltd.* | | | 678,412 | |
| | 191,785 | | | Platinum Asset Management Ltd.(3) | | | 667,782 | |
| | 177,322 | | | Qantas Airways Ltd. | | | 688,320 | |
| | 523,400 | | | Sandfire Resources NL | | | 2,474,823 | |
| | 1,045,867 | | | Santos Ltd. | | | 4,908,853 | |
| | 83,621 | | | SmartGroup Corp. Ltd. | | | 592,159 | |
| | 631,882 | | | South32 Ltd. | | | 1,629,719 | |
| | 1,426,264 | | | Telstra Corp. Ltd. | | | 3,119,864 | |
| | 709,852 | | | Woodside Petroleum Ltd. | | | 17,476,748 | |
| | | | | | | | |
| | | | | | | 75,937,907 | |
| | | | | | | | |
| | | | Austria - 0.3% | |
| | 87,973 | | | OMV AG | | | 4,885,368 | |
| | 43,807 | | | Raiffeisen Bank International AG | | | 1,193,906 | |
| | | | | | | | |
| | | | | | | 6,079,274 | |
| | | | | | | | |
| | | | Belgium - 0.4% | |
| | 137,247 | | | Ageas | | | 6,867,162 | |
| | | | | | | | |
| | | | Brazil - 1.5% | |
| | 141,600 | | | AES Tiete Energia S.A. UNIT | | | 391,906 | |
| | 170,300 | | | Alupar Investimento S.A. | | | 800,820 | |
| | 437,800 | | | Ambev S.A. | | | 1,922,250 | |
| | 165,379 | | | Banco BTG Pactual S.A. | | | 878,555 | |
| | 425,900 | | | CCR S.A. | | | 1,255,441 | |
| | 214,300 | | | Cia de Saneamento Basico do Estado de Sao Paulo ADR | | | 1,590,106 | |
| | 1,430,700 | | | Cielo S.A. | | | 5,074,631 | |
| | 229,200 | | | Engie Brasil Energia S.A. | | | 2,451,205 | |
| | 244,800 | | | Grendene S.A. | | | 479,536 | |
| | 457,300 | | | MRV Engenharia e Participacoes S.A. | | | 1,553,210 | |
| | 238,900 | | | Multiplus S.A. | | | 1,620,270 | |
| | 324,200 | | | Petroleo Brasileiro S.A. ADR | | | 5,040,594 | |
| | 156,800 | | | QGEP Participacoes S.A. | | | 505,603 | |
| | 396,400 | | | Qualicorp S.A. | | | 1,533,833 | |
| | 80,700 | | | Smiles Fidelidade S.A. | | | 807,759 | |
| | 360,400 | | | Transmissora Alianca de Energia Eletrica S.A. UNIT | | | 2,155,718 | |
| | | | | | | | |
| | | | | | | 28,061,437 | |
| | | | | | | | |
| | | | Cambodia - 0.0% | |
| | 170,000 | | | NagaCorp Ltd. | | | 155,860 | |
| | | | | | | | |
| | | | Canada - 5.0% | |
| | 172,800 | | | BCE, Inc. | | | 6,687,804 | |
| | 202,000 | | | Canadian Natural Resources Ltd. | | | 5,542,360 | |
| | 71,200 | | | Canfor Corp.* | | | 1,022,745 | |
| | 41,000 | | | Canfor Pulp Products, Inc. | | | 685,799 | |
| | 116,500 | | | Cenovus Energy, Inc. | | | 985,841 | |
| | 168,300 | | | Centerra Gold, Inc.* | | | 657,117 | |
| | 689,200 | | | CI Financial Corp. | | | 10,193,113 | |
| | 12,900 | | | Cogeco Communications, Inc. | | | 632,531 | |
| | 14,600 | | | Cogeco, Inc. | | | 685,389 | |
| | 477,600 | | | Corus Entertainment, Inc. Class B | | | 1,799,458 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Canada - 5.0% - (continued) | |
| | 71,500 | | | Crescent Point Energy Corp.(3) | | $ | 337,825 | |
| | 250,100 | | | Crew Energy, Inc.* | | | 235,576 | |
| | 200 | | | E-L Financial Corp. Ltd. | | | 123,392 | |
| | 248,700 | | | Eldorado Gold Corp.* | | | 166,247 | |
| | 51,800 | | | Enbridge Income Fund Holdings, Inc. | | | 1,198,941 | |
| | 87,800 | | | Ensign Energy Services, Inc. | | | 342,143 | |
| | 138,400 | | | Genworth MI Canada, Inc.(3) | | | 4,542,720 | |
| | 26,900 | | | George Weston Ltd. | | | 1,956,531 | |
| | 33,400 | | | Goldcorp, Inc. | | | 301,664 | |
| | 100,500 | | | Husky Energy, Inc. | | | 1,420,719 | |
| | 24,600 | | | IGM Financial, Inc. | | | 604,138 | |
| | 451,600 | | | Imperial Oil Ltd. | | | 14,105,961 | |
| | 111,700 | | | Interfor Corp.* | | | 1,235,407 | |
| | 49,900 | | | Linamar Corp. | | | 2,066,200 | |
| | 95,400 | | | Magna International, Inc. | | | 4,696,627 | |
| | 494,200 | | | Manulife Financial Corp. | | | 7,782,116 | |
| | 145,700 | | | Medical Facilities Corp.(3) | | | 1,551,684 | |
| | 50,700 | | | Metro, Inc. | | | 1,590,958 | |
| | 1,300 | | | Morguard Real Estate Investment Trust REIT | | | 11,267 | |
| | 89,000 | | | Norbord, Inc. | | | 2,269,535 | |
| | 47,100 | | | Peyto Exploration & Development Corp.(3) | | | 384,256 | |
| | 226,400 | | | Precision Drilling Corp.* | | | 546,889 | |
| | 140,600 | | | Suncor Energy, Inc. | | | 4,716,393 | |
| | 498,100 | | | Surge Energy, Inc. | | | 771,867 | |
| | 92,200 | | | Teck Resources Ltd. Class B | | | 1,905,702 | |
| | 221,600 | | | Transcontinental, Inc. Class A | | | 3,647,744 | |
| | 82,000 | | | West Fraser Timber Co., Ltd. | | | 4,119,777 | |
| | 136,165 | | | Westshore Terminals Investment Corp. | | | 2,482,403 | |
| | | | | | | | |
| | | | | | | 94,006,839 | |
| | | | | | | | |
| | | | Cayman Islands - 0.1% | |
| | 318,000 | | | Chlitina Holding Ltd. | | | 2,125,886 | |
| | | | | | | | |
| | | | Chile - 1.1% | |
| | 2,912,022 | | | Aguas Andinas S.A. Class A | | | 1,514,617 | |
| | 784,390 | | | Antofagasta plc | | | 7,851,759 | |
| | 105,127 | | | Cia Cervecerias Unidas S.A. | | | 1,306,843 | |
| | 526,300 | | | Enel Americas S.A. ADR | | | 4,147,244 | |
| | 137,700 | | | Enel Chile S.A. ADR | | | 592,110 | |
| | 98,600 | | | Sociedad Quimica y Minera de Chile S.A.
ADR(3) | | | 4,319,666 | |
| | | | | | | | |
| | | | | | | 19,732,239 | |
| | | | | | | | |
| | | | China - 4.7% | |
| | 5,524,000 | | | Agricultural Bank of China Ltd. Class H | | | 2,431,553 | |
| | 231,500 | | | Anhui Conch Cement Co., Ltd. Class H | | | 1,199,897 | |
| | 1,004,000 | | | Anhui Expressway Co., Ltd. Class H | | | 582,460 | |
| | 645,000 | | | ANTA Sports Products Ltd. | | | 2,662,909 | |
| | 1,890,000 | | | BAIC Motor Corp. Ltd. Class H(4) | | | 1,066,948 | |
| | 5,224,000 | | | Bank of China Ltd. Class H | | | 2,225,640 | |
| | 2,869,000 | | | Bank of Communications Co., Ltd. Class H | | | 2,155,354 | |
| | 30,000 | | | Baoye Group Co., Ltd. Class H* | | | 16,102 | |
| | 3,904,000 | | | Beijing Capital International Airport Co., Ltd. Class H | | | 4,238,368 | |
| | 47,600 | | | Changyou.com Ltd. ADR | | | 636,888 | |
| | 4,676,000 | | | China BlueChemical Ltd. Class H | | | 1,602,932 | |
| | 1,678,000 | | | China Communications Services Corp. Ltd. Class H | | | 1,359,802 | |
| | 1,317,500 | | | China Conch Venture Holdings Ltd. | | | 3,706,895 | |
| | 7,823,000 | | | China Construction Bank Corp. Class H | | | 6,207,916 | |
| | 416,000 | | | China Lilang Ltd. | | | 343,014 | |
| | 3,306,000 | | | China Medical System Holdings Ltd. | | | 3,948,831 | |
| | 1,258,000 | | | China Oriental Group Co., Ltd. | | | 998,144 | |
| | 5,016,000 | | | China Petroleum & Chemical Corp. Class H | | | 4,085,912 | |
| | 80,000 | | | China Taifeng Beddings Holdings Ltd.*(1)(2) | | | — | |
| | 2,063,000 | | | CNOOC Ltd. | | | 3,513,245 | |
| | 1,446,000 | | | Consun Pharmaceutical Group Ltd. | | | 1,006,479 | |
| | 2,636,000 | | | Dongfeng Motor Group Co., Ltd. Class H | | | 2,604,661 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | China - 4.7% - (continued) | |
| | 1,767,000 | | | Geely Automobile Holdings Ltd. | | $ | 3,405,012 | |
| | 5,412,000 | | | Guangzhou Automobile Group Co., Ltd. Class H | | | 5,485,299 | |
| | 1,093,000 | | | Haitian International Holdings Ltd. | | | 2,146,588 | |
| | 695,500 | | | Hengan International Group Co., Ltd. | | | 5,528,789 | |
| | 4,970,000 | | | Industrial & Commercial Bank of China Ltd. Class H | | | 3,372,009 | |
| | 1,924,000 | | | Jiangsu Expressway Co., Ltd. Class H | | | 2,581,016 | |
| | 6,273,000 | | | Lonking Holdings Ltd. | | | 1,414,343 | |
| | 1,264,000 | | | Maanshan Iron & Steel Co., Ltd. Class H(3) | | | 680,700 | |
| | 147,000 | | | On-Bright Electronics, Inc. | | | 819,765 | |
| | 772,000 | | | Shenzhen Expressway Co., Ltd. Class H | | | 711,522 | |
| | 7,256,000 | | | Sihuan Pharmaceutical Holdings Group Ltd. | | | 1,477,432 | |
| | 1,298,000 | | | Sinopec Shanghai Petrochemical Co., Ltd. Class H | | | 570,398 | |
| | 1,608,500 | | | Sinotruk Hong Kong Ltd.(3) | | | 2,325,845 | |
| | 586,000 | | | Tianneng Power International Ltd. | | | 470,271 | |
| | 3,162,000 | | | Want Want China Holdings Ltd. | | | 2,262,155 | |
| | 2,625,000 | | | Weichai Power Co., Ltd. Class H | | | 2,595,077 | |
| | 1,639,300 | | | Yangzijiang Shipbuilding Holdings Ltd. | | | 1,469,921 | |
| | 8,300 | | | YY, Inc. ADR* | | | 530,370 | |
| | 2,294,000 | | | Zhejiang Expressway Co., Ltd. Class H | | | 1,928,997 | |
| | 3,174,000 | | | Zijin Mining Group Co., Ltd. Class H | | | 1,187,276 | |
| | | | | | | | |
| | | | | | | 87,556,735 | |
| | | | | | | | |
| | | | Colombia - 0.2% | |
| | 131,200 | | | Ecopetrol S.A. ADR(3) | | | 3,051,712 | |
| | | | | | | | |
| | | | Czech Republic - 0.0% | |
| | 537 | | | Philip Morris CR A.S. | | | 337,653 | |
| | | | | | | | |
| | | | Denmark - 1.5% | |
| | 53,612 | | | Bakkafrost P/F | | | 3,011,915 | |
| | 398,938 | | | Novo Nordisk A/S Class B | | | 17,228,758 | |
| | 95,151 | | | Pandora A/S | | | 5,952,987 | |
| | 116,501 | | | Scandinavian Tobacco Group A/S Class A(4) | | | 1,767,793 | |
| | 80,953 | | | Spar Nord Bank A/S | | | 670,770 | |
| | | | | | | | |
| | | | | | | 28,632,223 | |
| | | | | | | | |
| | | | Egypt - 0.1% | |
| | 763,853 | | | Centamin plc | | | 970,014 | |
| | | | | | | | |
| | | | Finland - 0.6% | |
| | 230,271 | | | Nokian Renkaat Oyj | | | 7,324,541 | |
| | 46,808 | | | Orion Oyj Class B | | | 1,610,163 | |
| | 9,744 | | | Tieto Oyj | | | 313,651 | |
| | 54,411 | | | UPM-Kymmene Oyj | | | 1,749,244 | |
| | | | | | | | |
| | | | | | | 10,997,599 | |
| | | | | | | | |
| | | | France - 4.8% | |
| | 238,929 | | | AXA S.A. | | | 5,979,598 | |
| | 105,805 | | | BNP Paribas S.A. | | | 5,513,926 | |
| | 37,951 | | | Cie Generale des Etablissements Michelin SCA | | | 3,885,216 | |
| | 90,477 | | | Coface S.A. | | | 904,149 | |
| | 21,704 | | | Faurecia S.A. | | | 1,052,174 | |
| | 10,926 | | | Gaztransport Et Technigaz S.A. | | | 807,541 | |
| | 194,157 | | | Metropole Television S.A. | | | 3,758,066 | |
| | 80,131 | | | Neopost S.A. | | | 2,577,595 | |
| | 68,769 | | | Peugeot S.A. | | | 1,634,693 | |
| | 343,155 | | | Publicis Groupe S.A. | | | 19,864,186 | |
| | 19,675 | | | Sanofi | | | 1,758,169 | |
| | 282,517 | | | Schneider Electric SE | | | 20,429,112 | |
| | 50,142 | | | Societe BIC S.A. | | | 4,800,249 | |
| | 186,933 | | | Societe Generale S.A. | | | 6,852,541 | |
| | 171,909 | | | Total S.A. | | | 10,086,834 | |
| | | | | | | | |
| | | | | | | 89,904,049 | |
| | | | | | | | |
| | | | Germany - 3.1% | |
| | 242,255 | | | BASF SE | | | 18,590,288 | |
| | 163,198 | | | Bayer AG | | | 12,509,523 | |
| | 31,051 | | | Continental AG | | | 5,116,769 | |
| | 174,528 | | | Covestro AG(4) | | | 11,255,100 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Germany - 3.1% - (continued) | |
| | 411,221 | | | Deutsche Bank AG | | $ | 4,019,162 | |
| | 150,624 | | | ProSiebenSat.1 Media SE | | | 3,478,131 | |
| | 35,120 | | | Siltronic AG | | | 3,216,457 | |
| | | | | | | | |
| | | | | | | 58,185,430 | |
| | | | | | | | |
| | | | Greece - 0.0% | |
| | 37,354 | | | JUMBO S.A. | | | 543,883 | |
| | 142,374 | | | Piraeus Bank S.A.* | | | 209,089 | |
| | | | | | | | |
| | | | | | | 752,972 | |
| | | | | | | | |
| | | | Hong Kong - 2.9% | |
| | 606,000 | | | Allied Properties HK Ltd. | | | 130,111 | |
| | 221,016 | | | Asian Citrus Holdings Ltd.*(1)(2) | | | — | |
| | 510,000 | | | China Lumena New Materials Corp.*(1)(2) | | | — | |
| | 162,000 | | | China Mobile Ltd. | | | 1,517,596 | |
| | 1,184,000 | | | China Resources Cement Holdings Ltd. | | | 1,051,011 | |
| | 490,000 | | | China Resources Gas Group Ltd. | | �� | 1,878,146 | |
| | 25,000 | | | Chong Hing Bank Ltd. | | | 42,134 | |
| | 873,000 | | | CK Asset Holdings Ltd. | | | 5,681,261 | |
| | 810,000 | | | CSI Properties Ltd. | | | 31,681 | |
| | 401,200 | | | Dah Sing Banking Group Ltd. | | | 763,455 | |
| | 111,600 | | | Dah Sing Financial Holdings Ltd. | | | 599,063 | |
| | 285,000 | | | Emperor Entertainment Hotel Ltd. | | | 50,929 | |
| | 1,352,000 | | | First Pacific Co., Ltd. | | | 605,029 | |
| | 1,352,000 | | | Giordano International Ltd. | | | 600,800 | |
| | 1,962,000 | | | Guangdong Investment Ltd. | | | 3,512,508 | |
| | 144,000 | | | Hang Lung Group Ltd. | | | 354,519 | |
| | 1,277,000 | | | Hang Lung Properties Ltd. | | | 2,314,782 | |
| | 6,811 | | | Hanison Construction Holdings Ltd. | | | 1,176 | |
| | 149,508 | | | Henderson Land Development Co., Ltd. | | | 697,317 | |
| | 26,400 | | | Jardine Matheson Holdings Ltd. | | | 1,524,426 | |
| | 709,000 | | | Kerry Properties Ltd. | | | 2,232,146 | |
| | 10,020 | | | Lai Sun Development Co., Ltd. | | | 14,535 | |
| | 1,935,500 | | | Lifestyle International Holdings Ltd. | | | 3,346,929 | |
| | 777,000 | | | NWS Holdings Ltd. | | | 1,542,203 | |
| | 68,000 | | | Qingling Motors Co., Ltd. Class H | | | 17,630 | |
| | 2,074,000 | | | Sands China Ltd. | | | 8,201,641 | |
| | 648,000 | | | Shanghai Industrial Holdings Ltd. | | | 1,364,682 | |
| | 1,528,000 | | | Sino Land Co., Ltd. | | | 2,400,493 | |
| | 20,000 | | | Soundwill Holdings Ltd. | | | 26,182 | |
| | 156,500 | | | Sun Hung Kai Properties Ltd. | | | 2,033,902 | |
| | 41,000 | | | TAI Cheung Holdings Ltd. | | | 38,231 | |
| | 422,000 | | | Wharf Real Estate Investment Co., Ltd. | | | 2,622,363 | |
| | 201,000 | | | Wheelock & Co., Ltd. | | | 1,074,549 | |
| | 6,348,000 | | | Xinyi Glass Holdings Ltd. | | | 6,302,875 | |
| | 1,222,000 | | | Yuexiu Transport Infrastructure Ltd. | | | 979,366 | |
| | | | | | | | |
| | | | | | | 53,553,671 | |
| | | | | | | | |
| | | | Hungary - 0.4% | |
| | 259,070 | | | Magyar Telekom Telecommunications plc | | | 353,289 | |
| | 314,831 | | | MOL Hungarian Oil & Gas plc | | | 3,301,083 | |
| | 105,624 | | | OTP Bank Nyrt | | | 3,794,588 | |
| | | | | | | | |
| | | | | | | 7,448,960 | |
| | | | | | | | |
| | | | India - 0.6% | |
| | 145,934 | | | GAIL India Ltd. GDR | | | 4,392,614 | |
| | 527,000 | | | Infosys Ltd. ADR | | | 4,990,690 | |
| | 24,800 | | | Vedanta Ltd. ADR | | | 276,272 | |
| | 254,507 | | | Wipro Ltd. ADR | | | 1,315,801 | |
| | | | | | | | |
| | | | | | | 10,975,377 | |
| | | | | | | | |
| | | | Indonesia - 0.6% | |
| | 6,019,300 | | | Bank Negara Indonesia Persero Tbk PT | | | 2,906,400 | |
| | 1,206,600 | | | Bank Pembangunan Daerah Jawa Timur Tbk PT | | | 48,451 | |
| | 5,789,400 | | | Media Nusantara Citra Tbk PT | | | 297,872 | |
| | 1,837,000 | | | Panin Financial Tbk PT* | | | 33,163 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Indonesia - 0.6% - (continued) | |
| | 7,986,000 | | | Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | | $ | 678,779 | |
| | 7,310,400 | | | Sawit Sumbermas Sarana Tbk PT | | | 606,335 | |
| | 27,454,900 | | | Telekomunikasi Indonesia Persero Tbk PT | | | 6,954,986 | |
| | | | | | | | |
| | | | | | | 11,525,986 | |
| | | | | | | | |
| | | | Isle of Man - 0.3% | |
| | 812,183 | | | Playtech plc | | | 4,966,389 | |
| | | | | | | | |
| | | | Israel - 1.1% | |
| | 644,396 | | | Bank Hapoalim BM | | | 4,359,432 | |
| | 902,990 | | | Bank Leumi Le-Israel BM | | | 5,630,776 | |
| | 10,220 | | | FIBI Holdings Ltd. | | | 272,328 | |
| | 49,900 | | | Ituran Location and Control Ltd. | | | 1,702,588 | |
| | 23,753 | | | Kerur Holdings Ltd.* | | | 609,235 | |
| | 20,804 | | | Menora Mivtachim Holdings Ltd. | | | 231,085 | |
| | 726,876 | | | Phoenix Holdings Ltd. | | | 4,019,501 | |
| | 213,300 | | | Teva Pharmaceutical Industries Ltd. ADR | | | 4,261,734 | |
| | | | | | | | |
| | | | | | | 21,086,679 | |
| | | | | | | | |
| | | | Italy - 1.0% | |
| | 87,361 | | | ASTM S.p.A. | | | 1,730,941 | |
| | 44,639 | | | Banca IFIS S.p.A | | | 784,288 | |
| | 174,372 | | | Eni S.p.A. | | | 3,096,803 | |
| | 26,508 | | | Gima TT S.p.A.(4) | | | 257,905 | |
| | 109,536 | | | Immobiliare Grande Distribuzione SIIQ S.p.A. REIT | | | 773,303 | |
| | 327,551 | | | Mediaset S.p.A.* | | | 985,628 | |
| | 623,825 | | | Mediobanca Banca di Credito Finanziario S.p.A. | | | 5,463,319 | |
| | 112,722 | | | Societa Cattolica di Assicurazioni S.c.r.l. | | | 910,654 | |
| | 109,964 | | | Societa Iniziative Autostradali e Servizi S.p.A. | | | 1,549,264 | |
| | 210,524 | | | Sogefi S.p.A.* | | | 374,497 | |
| | 149,124 | | | UniCredit S.p.A. | | | 1,906,574 | |
| | | | | | | | |
| | | | | | | 17,833,176 | |
| | | | | | | | |
| | | | Japan - 16.4% | |
| | 68,900 | | | ABC-Mart, Inc. | | | 4,028,238 | |
| | 52,800 | | | ADEKA Corp. | | | 782,270 | |
| | 28,900 | | | Aica Kogyo Co., Ltd. | | | 860,323 | |
| | 5,800 | | | Aichi Bank Ltd. | | | 221,336 | |
| | 15,800 | | | Ajis Co., Ltd. | | | 500,045 | |
| | 3,000 | | | Akita Bank Ltd. | | | 69,650 | |
| | 3,400 | | | Amiyaki Tei Co., Ltd. | | | 119,729 | |
| | 34,800 | | | Aozora Bank Ltd. | | | 1,200,822 | |
| | 34,500 | | | Arakawa Chemical Industries Ltd. | | | 484,634 | |
| | 2,200 | | | Arcland Sakamoto Co., Ltd. | | | 28,809 | |
| | 1,398,300 | | | Astellas Pharma, Inc. | | | 21,604,005 | |
| | 48,000 | | | Ateam, Inc. | | | 914,457 | |
| | 1,900 | | | Atsugi Co., Ltd. | | | 17,244 | |
| | 34,400 | | | Awa Bank Ltd. | | | 936,145 | |
| | 1,500 | | | Bando Chemical Industries Ltd. | | | 17,351 | |
| | 44,900 | | | Bank of Kyoto Ltd. | | | 2,016,103 | |
| | 133,900 | | | Bridgestone Corp. | | | 5,163,087 | |
| | 138,400 | | | Brother Industries Ltd. | | | 2,532,938 | |
| | 300 | | | C Uyemura & Co., Ltd. | | | 19,170 | |
| | 1,000 | | | Central Automotive Products Ltd. | | | 13,614 | |
| | 73,800 | | | Central Japan Railway Co. | | | 14,162,854 | |
| | 229,000 | | | Chiba Bank Ltd. | | | 1,448,736 | |
| | 3,100 | | | Corona Corp. | | | 30,601 | |
| | 146,600 | | | Daikyonishikawa Corp. | | | 1,400,361 | |
| | 1,800 | | | Dainichi Co., Ltd. | | | 11,850 | |
| | 26,900 | | | Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | | | 794,915 | |
| | 63,200 | | | Daiwa House Industry Co., Ltd. | | | 1,908,280 | |
| | 1,593,600 | | | Daiwa Securities Group, Inc. | | | 9,138,833 | |
| | 6,000 | | | Eidai Co., Ltd. | | | 24,992 | |
| | 25,900 | | | FCC Co., Ltd. | | | 641,438 | |
| | 23,900 | | | First Bank of Toyama Ltd. | | | 89,381 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Japan - 16.4% - (continued) | |
| | 53,700 | | | FJ Next Co., Ltd. | | $ | 397,824 | |
| | 8,400 | | | Fujikura Kasei Co., Ltd. | | | 47,080 | |
| | 7,200 | | | Fujimori Kogyo Co., Ltd. | | | 209,461 | |
| | 1,600 | | | Fujishoji Co., Ltd. | | | 14,832 | |
| | 1,100 | | | FuKoKu Co., Ltd. | | | 8,981 | |
| | 53,800 | | | Geo Holdings Corp. | | | 819,597 | |
| | 24,100 | | | Goldcrest Co., Ltd. | | | 377,389 | |
| | 770,400 | | | GungHo Online Entertainment, Inc. | | | 1,392,779 | |
| | 117,000 | | | Gunma Bank Ltd. | | | 529,700 | |
| | 237,400 | | | Hachijuni Bank Ltd. | | | 1,002,744 | |
| | 37,600 | | | Hamakyorex Co., Ltd. | | | 1,214,063 | |
| | 15,200 | | | Happinet Corp. | | | 230,770 | |
| | 257,600 | | | Haseko Corp. | | | 3,264,206 | |
| | 158,500 | | | Hazama Ando Corp. | | | 1,094,501 | |
| | 44,000 | | | Heiwa Real Estate Co., Ltd. | | | 814,946 | |
| | 69,300 | | | Horiba Ltd. | | | 3,243,239 | |
| | 18,500 | | | Hosokawa Micron Corp. | | | 897,123 | |
| | 10,500 | | | Imasen Electric Industrial | | | 96,441 | |
| | 24,200 | | | Inaba Denki Sangyo Co., Ltd. | | | 974,363 | |
| | 87,900 | | | Isuzu Motors Ltd. | | | 1,152,417 | |
| | 280,200 | | | ITOCHU Corp. | | | 5,196,576 | |
| | 1,400 | | | Iwatsu Electric Co., Ltd. | | | 9,796 | |
| | 324,200 | | | Iyo Bank Ltd. | | | 1,922,885 | |
| | 3,900 | | | Japan Foundation Engineering Co., Ltd. | | | 12,474 | |
| | 49,900 | | | Japan Petroleum Exploration Co., Ltd. | | | 1,043,065 | |
| | 321,300 | | | Japan Post Bank Co., Ltd. | | | 3,745,955 | |
| | 32,700 | | | Kaga Electronics Co., Ltd. | | | 732,341 | |
| | 193,000 | | | Kajima Corp. | | | 2,485,171 | |
| | 17,000 | | | Kaken Pharmaceutical Co., Ltd. | | | 852,396 | |
| | 23,500 | | | Kanamoto Co., Ltd. | | | 785,269 | |
| | 637,800 | | | KDDI Corp. | | | 15,434,655 | |
| | 49,400 | | | Keihanshin Building Co., Ltd. | | | 363,724 | |
| | 69,700 | | | Keihin Corp. | | | 1,372,388 | |
| | 1,900 | | | Kyodo Printing Co., Ltd. | | | 47,705 | |
| | 31,200 | | | Kyokuto Kaihatsu Kogyo Co., Ltd. | | | 445,409 | |
| | 77,000 | | | Maeda Road Construction Co., Ltd. | | | 1,402,472 | |
| | 105,100 | | | Mamezou Holdings Co., Ltd. | | | 852,041 | |
| | 151,600 | | | Marubeni Corp. | | | 1,229,277 | |
| | 79,800 | | | Mazda Motor Corp. | | | 849,956 | |
| | 3,100 | | | Mitani Corp. | | | 147,880 | |
| | 412,700 | | | Mitsubishi Chemical Holdings Corp. | | | 3,217,159 | |
| | 87,800 | | | Mitsubishi Corp. | | | 2,471,156 | |
| | 117,500 | | | Mitsubishi Gas Chemical Co., Inc. | | | 1,972,377 | |
| | 216,300 | | | Mitsubishi UFJ Financial Group, Inc. | | | 1,309,153 | |
| | 146,800 | | | Mitsui & Co., Ltd. | | | 2,452,823 | |
| | 43,200 | | | Mitsui Sugar Co., Ltd. | | | 1,162,072 | |
| | 42,100 | | | Mixi, Inc. | | | 919,882 | |
| | 3,900 | | | Murakami Corp. | | | 94,195 | |
| | 105,800 | | | Musashi Seimitsu Industry Co., Ltd. | | | 1,544,037 | |
| | 2,600 | | | Natoco Co., Ltd. | | | 26,073 | |
| | 90,900 | | | NHK Spring Co., Ltd. | | | 778,347 | |
| | 4,000 | | | Nichireki Co., Ltd. | | | 36,641 | |
| | 10,868 | | | Nichirin Co., Ltd. | | | 229,567 | |
| | 380,600 | | | Nikon Corp. | | | 6,634,862 | |
| | 49,200 | | | Nippo Corp. | | | 806,644 | |
| | 2,900 | | | Nippon Road Co., Ltd. | | | 160,289 | |
| | 445,600 | | | Nippon Telegraph & Telephone Corp. | | | 18,375,919 | |
| | 53,300 | | | Nishio Rent All Co., Ltd. | | | 1,717,418 | |
| | 57,900 | | | Nitto Denko Corp. | | | 3,617,308 | |
| | 1,285,300 | | | Nomura Holdings, Inc. | | | 6,171,957 | |
| | 80,300 | | | Nomura Real Estate Holdings, Inc. | | | 1,508,431 | |
| | 930,500 | | | NTT DOCOMO, Inc. | | | 23,075,322 | |
| | 191,000 | | | Obayashi Corp. | | | 1,686,189 | |
| | 3,500 | | | Okinawa Cellular Telephone Co. | | | 128,930 | |
| | 71,200 | | | OKUMA Corp. | | | 3,555,056 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Japan - 16.4% - (continued) | |
| | 20,600 | | | Okura Industrial Co., Ltd. | | $ | 377,365 | |
| | 2,800 | | | Pack Corp. | | | 80,138 | |
| | 36,000 | | | Piolax, Inc. | | | 784,404 | |
| | 92,200 | | | Press Kogyo Co., Ltd. | | | 421,532 | |
| | 14,700 | | | Ryobi Ltd. | | | 426,687 | |
| | 48,400 | | | San-In Godo Bank Ltd. | | | 367,228 | |
| | 2,000 | | | Sanko Metal Industrial Co., Ltd. | | | 53,809 | |
| | 29,200 | | | Sekisui Jushi Corp. | | | 529,907 | |
| | 676,100 | | | Seven Bank Ltd. | | | 2,112,983 | |
| | 19,100 | | | Shikoku Chemicals Corp. | | | 195,006 | |
| | 124,700 | | | Shin-Etsu Chemical Co., Ltd. | | | 10,419,994 | |
| | 70,600 | | | Shinnihon Corp. | | | 668,896 | |
| | 132,200 | | | Shinsei Bank Ltd. | | | 2,013,801 | |
| | 295,900 | | | Shizuoka Bank Ltd. | | | 2,588,832 | |
| | 123,800 | | | Showa Corp. | | | 1,703,657 | |
| | 81,600 | | | Sinko Industries Ltd. | | | 1,166,486 | |
| | 43,000 | | | Sintokogio Ltd. | | | 370,461 | |
| | 20,400 | | | SMC Corp. | | | 6,502,184 | |
| | 290,400 | | | Stanley Electric Co., Ltd. | | | 8,590,123 | |
| | 95,200 | | | Subaru Corp. | | | 2,567,990 | |
| | 218,600 | | | Sumco Corp. | | | 2,950,451 | |
| | 665,000 | | | Sumitomo Chemical Co., Ltd. | | | 3,331,243 | |
| | 151,300 | | | Sumitomo Corp. | | | 2,294,717 | |
| | 5,200 | | | Sumitomo Densetsu Co., Ltd. | | | 82,318 | |
| | 102,500 | | | Sumitomo Heavy Industries Ltd. | | | 3,223,704 | |
| | 121,100 | | | Sumitomo Mitsui Financial Group, Inc. | | | 4,715,040 | |
| | 33,600 | | | Sumitomo Seika Chemicals Co., Ltd. | | | 1,677,010 | |
| | 100,000 | | | Suzuki Motor Corp. | | | 4,986,671 | |
| | 32,900 | | | Tachi-S Co., Ltd. | | | 463,709 | |
| | 86,900 | | | Taisei Corp. | | | 3,716,580 | |
| | 55,000 | | | Teijin Ltd. | | | 953,518 | |
| | 131,900 | | | Tocalo Co., Ltd. | | | 1,147,815 | |
| | 112,200 | | | Tokyu Construction Co., Ltd. | | | 1,014,929 | |
| | 36,100 | | | Towa Bank Ltd. | | | 293,977 | |
| | 38,200 | | | Toyo Ink SC Holdings Co., Ltd. | | | 886,439 | |
| | 110,400 | | | Toyota Boshoku Corp. | | | 1,841,223 | |
| | 44,400 | | | TPR Co., Ltd. | | | 1,081,422 | |
| | 75,800 | | | TS Tech Co., Ltd. | | | 2,181,530 | |
| | 34,400 | | | Tsubakimoto Chain Co. | | | 1,320,836 | |
| | 62,000 | | | Ube Industries Ltd. | | | 1,350,525 | |
| | 58,700 | | | Ulvac, Inc. | | | 1,911,704 | |
| | 102,900 | | | Unipres Corp. | | | 1,840,676 | |
| | 3,100 | | | Utoc Corp. | | | 14,955 | |
| | 4,500 | | | V Technology Co., Ltd. | | | 580,586 | |
| | 92,000 | | | Wakita & Co., Ltd. | | | 991,533 | |
| | 114,500 | | | Yamaha Motor Co., Ltd. | | | 2,707,902 | |
| | 25,800 | | | Yamanashi Chuo Bank Ltd. | | | 368,639 | |
| | 22,900 | | | Yamazen Corp. | | | 250,639 | |
| | 18,500 | | | Yuasa Trading Co., Ltd. | | | 606,884 | |
| | 458,700 | | | Zeon Corp. | | | 4,430,049 | |
| | | | | | | | |
| | | | | | | 306,706,616 | |
| | | | | | | | |
| | | | Luxembourg - 0.2% | |
| | 70,173 | | | RTL Group S.A. | | | 4,504,004 | |
| | | | | | | | |
| | | | Malaysia - 0.5% | |
| | 48,400 | | | AFFIN Bank Bhd | | | 26,153 | |
| | 674,400 | | | AMMB Holdings Bhd | | | 612,966 | |
| | 885,300 | | | Astro Malaysia Holdings Bhd | | | 285,987 | |
| | 61,400 | | | British American Tobacco Malaysia Bhd | | | 456,154 | |
| | 1,577,600 | | | Genting Bhd | | | 2,768,587 | |
| | 35,200 | | | Lingkaran Trans Kota Holdings Bhd | | | 32,975 | |
| | 91,700 | | | Padini Holdings Bhd | | | 123,238 | |
| | 1,234,900 | | | Petronas Chemicals Group Bhd | | | 2,761,171 | |
| | 365,700 | | | Petronas Gas Bhd | | | 1,599,664 | |
| | 525,200 | | | Uchi Technologies Bhd | | | 364,345 | |
| | | | | | | | |
| | | | | | | 9,031,240 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Mexico - 0.7% | |
| | 388,000 | | | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand ADR | | $ | 2,436,640 | |
| | 710,600 | | | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | | | 3,721,745 | |
| | 22,883 | | | Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR | | | 1,896,543 | |
| | 2,025,600 | | | Grupo Financiero Inbursa S.A.B. de C.V. | | | 2,639,540 | |
| | 914,100 | | | Grupo Mexico S.A.B. de C.V. Class B | | | 2,108,259 | |
| | 164,900 | | | Megacable Holdings S.A.B. de C.V. UNIT | | | 733,123 | |
| | 50 | | | Urbi Desarrollos Urbanos S.A.B. de C.V.* | | | 9 | |
| | | | | | | | |
| | | | | | | 13,535,859 | |
| | | | | | | | |
| | | | Monaco - 0.0% | |
| | 138,900 | | | Costamare, Inc. | | | 736,170 | |
| | | | | | | | |
| | | | Netherlands - 1.7% | |
| | 18,625 | | | Aegon N.V. | | | 114,221 | |
| | 29,519 | | | Euronext N.V.(4) | | | 1,816,376 | |
| | 31,475 | | | Intertrust N.V.(4) | | | 507,745 | |
| | 218,784 | | | NN Group N.V. | | | 9,394,180 | |
| | 415,152 | | | Royal Dutch Shell plc Class A | | | 13,206,992 | |
| | 211,981 | | | Royal Dutch Shell plc Class B | | | 6,913,320 | |
| | | | | | | | |
| | | | | | | 31,952,834 | |
| | | | | | | | |
| | | | New Zealand - 0.3% | |
| | 55,177 | | | Freightways Ltd. | | | 265,864 | |
| | 380,823 | | | SKY Network Television Ltd. | | | 558,415 | |
| | 1,523,856 | | | Trade Me Group Ltd. | | | 4,828,693 | |
| | | | | | | | |
| | | | | | | 5,652,972 | |
| | | | | | | | |
| | | | Norway - 1.8% | |
| | 235,524 | | | Austevoll Seafood ASA | | | 3,785,123 | |
| | 279,842 | | | DNO ASA | | | 534,933 | |
| | 352,433 | | | Equinor ASA | | | 9,116,131 | |
| | 152,593 | | | Salmar ASA | | | 8,054,736 | |
| | 454,956 | | | Telenor ASA | | | 8,341,781 | |
| | 126,543 | | | TGS Nopec Geophysical Co. ASA | | | 4,227,127 | |
| | | | | | | | |
| | | | | | | 34,059,831 | |
| | | | | | | | |
| | | | Panama - 0.0% | |
| | 11,700 | | | Copa Holdings S.A. Class A | | | 847,431 | |
| | | | | | | | |
| | | | Philippines - 0.1% | |
| | 8,501,700 | | | DMCI Holdings, Inc. | | | 2,041,768 | |
| | | | | | | | |
| | | | Poland - 0.3% | |
| | 2,292,387 | | | Polskie Gornictwo Naftowe i Gazownictwo S.A.* | | | 3,739,522 | |
| | 150,767 | | | Powszechna Kasa Oszczednosci Bank Polski S.A. | | | 1,565,777 | |
| | | | | | | | |
| | | | | | | 5,305,299 | |
| | | | | | | | |
| | | | Portugal - 0.6% | |
| | 622,181 | | | Galp Energia SGPS S.A. | | | 10,818,633 | |
| | | | | | | | |
| | | | Russia - 1.1% | |
| | 496,404 | | | Gazprom PJSC ADR | | | 2,347,239 | |
| | 136,705 | | | Globaltrans Investment plc GDR | | | 1,339,709 | |
| | 64,729 | | | LUKOIL PJSC ADR | | | 4,826,506 | |
| | 320,900 | | | Mobile TeleSystems PJSC ADR | | | 2,570,409 | |
| | 21,547 | | | Novatek PJSC GDR | | | 3,634,061 | |
| | 59,346 | | | Severstal PJSC GDR | | | 921,222 | |
| | 555,644 | | | Surgutneftegas PJSC ADR | | | 2,208,073 | |
| | 49,026 | | | Tatneft PJSC ADR | | | 3,441,183 | |
| | | | | | | | |
| | | | | | | 21,288,402 | |
| | | | | | | | |
| | | | Singapore - 1.9% | |
| | 14,100 | | | Boustead Projects Ltd. | | | 8,296 | |
| | 1,080,200 | | | CapitaLand Ltd. | | | 2,453,659 | |
| | 19,400 | | | China Yuchai International Ltd. | | | 279,554 | |
| | 707,000 | | | First Resources Ltd.(3) | | | 806,225 | |
| | 2,342,000 | | | IGG, Inc. | | | 2,482,772 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Singapore - 1.9% - (continued) | |
| | 100,800 | | | Jardine Cycle & Carriage Ltd. | | $ | 2,207,577 | |
| | 10,447,500 | | | Singapore Telecommunications Ltd. | | | 23,724,795 | |
| | 1,030,487 | | | UMS Holdings Ltd.(3) | | | 503,737 | |
| | 415,000 | | | UOL Group Ltd. | | | 1,807,590 | |
| | 386,400 | | | Yanlord Land Group Ltd. | | | 352,404 | |
| | | | | | | | |
| | | | | | | 34,626,609 | |
| | | | | | | | |
| | | | South Africa - 1.5% | |
| | 122,663 | | | AECI Ltd. | | | 785,742 | |
| | 10,524 | | | Assore Ltd. | | | 219,818 | |
| | 57,879 | | | Astral Foods Ltd. | | | 776,742 | |
| | 323,021 | | | AVI Ltd. | | | 2,189,602 | |
| | 160,453 | | | Exxaro Resources Ltd. | | | 1,641,092 | |
| | 91,192 | | | Kumba Iron Ore Ltd. | | | 1,787,977 | |
| | 1,265,621 | | | MMI Holdings Ltd.* | | | 1,534,704 | |
| | 190,390 | | | Reunert Ltd. | | | 1,029,222 | |
| | 629,168 | | | RMB Holdings Ltd. | | | 3,177,845 | |
| | 400,268 | | | Standard Bank Group Ltd. | | | 4,434,655 | |
| | 200,961 | | | Tiger Brands Ltd. | | | 3,599,571 | |
| | 303,896 | | | Truworths International Ltd. | | | 1,664,666 | |
| | 553,949 | | | Vodacom Group Ltd.(3) | | | 4,671,317 | |
| | | | | | | | |
| | | | | | | 27,512,953 | |
| | | | | | | | |
| | | | South Korea - 3.3% | |
| | 44,450 | | | Coway Co., Ltd. | | | 2,742,947 | |
| | 64,427 | | | DGB Financial Group, Inc. | | | 532,891 | |
| | 39,205 | | | Hana Financial Group, Inc. | | | 1,320,645 | |
| | 26,667 | | | Hankook Tire Co., Ltd. | | | 968,816 | |
| | 75,016 | | | Huchems Fine Chemical Corp. | | | 1,439,935 | |
| | 44,793 | | | KB Financial Group, Inc. | | | 1,865,369 | |
| | 31,466 | | | Kortek Corp. | | | 394,972 | |
| | 35,817 | | | KT&G Corp. | | | 3,193,847 | |
| | 8,778 | | | Kumho Petrochemical Co., Ltd. | | | 666,841 | |
| | 150,677 | | | Mirae Asset Life Insurance Co., Ltd. | | | 604,120 | |
| | 14,975 | | | PSK, Inc. | | | 173,936 | |
| | 410,859 | | | Samsung Electronics Co., Ltd. | | | 15,380,831 | |
| | 5,715 | | | Samsung Electronics Co., Ltd. GDR | | | 5,338,174 | |
| | 104,422 | | | SFA Engineering Corp. | | | 3,576,338 | |
| | 78,913 | | | SK Hynix, Inc. | | | 4,752,563 | |
| | 67,269 | | | SK Telecom Co., Ltd. | | | 15,805,553 | |
| | 37,350 | | | Soulbrain Co., Ltd. | | | 1,725,886 | |
| | 21,264 | | | Tokai Carbon Korea Co., Ltd. | | | 1,054,127 | |
| | 13,780 | | | Value Added Technology Co., Ltd. | | | 274,532 | |
| | 86,967 | | | YeaRimDang Publishing Co., Ltd.* | | | 389,727 | |
| | | | | | | | |
| | | | | | | 62,202,050 | |
| | | | | | | | |
| | | | Spain - 2.4% | |
| | 70,228 | | | Aena SME S.A.(4) | | | 11,221,158 | |
| | 119,821 | | | Atresmedia Corp. de Medios de Comunicacion S.A.(3) | | | 674,843 | |
| | 100,643 | | | Bolsas y Mercados Espanoles SHMSF S.A. | | | 2,977,122 | |
| | 7,844 | | | Corp. Financiera Alba S.A. | | | 377,038 | |
| | 1,672,655 | | | Mapfre S.A. | | | 4,998,211 | |
| | 452,815 | | | Mediaset Espana Comunicacion S.A. | | | 3,079,068 | |
| | 96,603 | | | Prosegur Cia de Seguridad S.A. | | | 536,505 | |
| | 574,458 | | | Red Electrica Corp. S.A. | | | 11,894,993 | |
| | 366,964 | | | Repsol S.A. | | | 6,557,221 | |
| | 226,230 | | | Zardoya Otis S.A. | | | 1,548,712 | |
| | | | | | | | |
| | | | | | | 43,864,871 | |
| | | | | | | | |
| | | | Sweden - 2.4% | |
| | 217,291 | | | Betsson AB* | | | 1,886,740 | |
| | 128,575 | | | Boliden AB | | | 2,936,231 | |
| | 53,511 | | | Bure Equity AB | | | 696,603 | |
| | 36,473 | | | Industrivarden AB Class C | | | 757,583 | |
| | 121,161 | | | Intrum AB(3) | | | 3,090,371 | |
| | 88,701 | | | Nobia AB | | | 564,224 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Sweden - 2.4% - (continued) | |
| | 1,087,603 | | | Sandvik AB | | $ | 17,193,686 | |
| | 1,086,377 | | | SKF AB Class B | | | 17,416,925 | |
| | 111,733 | | | Tethys Oil AB | | | 1,072,377 | |
| | | | | | | | |
| | | | | | | 45,614,740 | |
| | | | | | | | |
| | | | Switzerland - 6.5% | |
| | 68,409 | | | Adecco Group AG | | | 3,349,991 | |
| | 1,518 | | | dormakaba Holding AG* | | | 1,095,148 | |
| | 319,820 | | | Ferrexpo plc | | | 851,405 | |
| | 67,221 | | | Flughafen Zurich AG | | | 13,285,071 | |
| | 206,889 | | | Nestle S.A. | | | 17,466,207 | |
| | 255,623 | | | Novartis AG | | | 22,385,493 | |
| | 109,528 | | | Oriflame Holding AG | | | 2,585,606 | |
| | 101,508 | | | Roche Holding AG | | | 24,703,232 | |
| | 10,487 | | | Swisscom AG | | | 4,801,804 | |
| | 1,495,885 | | | UBS Group AG* | | | 20,908,156 | |
| | 29,032 | | | Zurich Insurance Group AG | | | 9,013,888 | |
| | | | | | | | |
| | | | | | | 120,446,001 | |
| | | | | | | | |
| | | | Taiwan - 3.5% | |
| | 605,000 | | | Asia Cement Corp. | | | 641,467 | |
| | 200,000 | | | Aurora Corp. | | | 608,972 | |
| | 856,000 | | | Catcher Technology Co., Ltd. | | | 8,655,171 | |
| | 561,000 | | | Chin-Poon Industrial Co., Ltd. | | | 626,952 | |
| | 1,627,100 | | | China Life Insurance Co., Ltd. | | | 1,546,478 | |
| | 626,000 | | | China Motor Corp. | | | 472,588 | |
| | 1,273,000 | | | Chunghwa Telecom Co., Ltd. | | | 4,496,428 | |
| | 97,000 | | | Cleanaway Co., Ltd. | | | 535,325 | |
| | 552,000 | | | Co-Tech Development Corp. | | | 456,301 | |
| | 285,780 | | | Elite Advanced Laser Corp. | | | 499,518 | |
| | 565,000 | | | Elite Material Co., Ltd. | | | 1,132,520 | |
| | 561,000 | | | Globalwafers Co., Ltd. | | | 4,465,866 | |
| | 1,667,000 | | | Grand Pacific Petrochemical | | | 1,128,313 | |
| | 50,000 | | | Grape King Bio Ltd. | | | 315,376 | |
| | 426,000 | | | Holtek Semiconductor, Inc. | | | 807,045 | |
| | 95,000 | | | Innodisk Corp. | | | 328,381 | |
| | 1,201,000 | | | Innolux Corp. | | | 364,677 | |
| | 877,000 | | | ITEQ Corp. | | | 1,125,918 | |
| | 301,000 | | | King’s Town Bank Co., Ltd. | | | 288,003 | |
| | 249,000 | | | KS Terminals, Inc. | | | 306,305 | |
| | 182,000 | | | LCY Chemical Corp. | | | 306,106 | |
| | 58,500 | | | Lumax International Corp. Ltd. | | | 117,764 | |
| | 381,000 | | | Nichidenbo Corp. | | | 592,649 | |
| | 197,000 | | | Phison Electronics Corp. | | | 1,295,492 | |
| | 620,000 | | | Radiant Opto-Electronics Corp. | | | 1,629,377 | |
| | 582,600 | | | Ruentex Development Co., Ltd. | | | 808,566 | |
| | 767,000 | | | Sigurd Microelectronics Corp. | | | 689,575 | |
| | 1,041,000 | | | Sino-American Silicon Products, Inc.* | | | 1,949,383 | |
| | 25,600 | | | Sirtec International Co., Ltd. | | | 17,774 | |
| | 278,250 | | | Syncmold Enterprise Corp.(1)(2) | | | 460,360 | |
| | 123,000 | | | TaiDoc Technology Corp. | | | 518,107 | |
| | 1,190,200 | | | Taiwan Cement Corp. | | | 1,337,886 | |
| | 812,000 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 6,095,994 | |
| | 483,000 | | | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | | | 18,402,300 | |
| | 343,000 | | | Thinking Electronic Industrial Co., Ltd. | | | 686,019 | |
| | 451,000 | | | United Integrated Services Co., Ltd. | | | 807,508 | |
| | | | | | | | |
| | | | | | | 64,516,464 | |
| | | | | | | | |
| | | | Thailand - 1.3% | |
| | 213,300 | | | Bangkok Bank PCL NVDR | | | 1,333,161 | |
| | 601,700 | | | Kasikornbank PCL NVDR | | | 3,622,032 | |
| | 665,000 | | | Kiatnakin Bank PCL NVDR | | | 1,430,911 | |
| | 3,402,600 | | | Krung Thai Bank plc NVDR | | | 2,065,663 | |
| | 1,440,200 | | | PTT Exploration & Production plc NVDR | | | 6,032,134 | |
| | 4,425,000 | | | PTT plc NVDR | | | 6,804,615 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | Thailand - 1.3% - (continued) | |
| | 149,100 | | | Siam Cement plc NVDR | | $ | 1,883,622 | |
| | 6,023,300 | | | TMB Bank plc NVDR | | | 415,239 | |
| | 2,023,300 | | | TTW PCL NVDR | | | 750,727 | |
| | | | | | | | |
| | | | | | | 24,338,104 | |
| | | | | | | | |
| | | | Turkey - 0.7% | |
| | 1,431,937 | | | Akbank T.A.S. | | | 1,693,387 | |
| | 336,191 | | | Aygaz AS | | | 732,295 | |
| | 1,376,071 | | | Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | | | 412,133 | |
| | 1,270,975 | | | Enka Insaat ve Sanayi AS | | | 1,062,135 | |
| | 304,614 | | | Eregli Demir ve Celik Fabrikalari T.A.S. | | | 494,329 | |
| | 365,127 | | | TAV Havalimanlari Holding AS | | | 1,520,141 | |
| | 140,862 | | | Tekfen Holding AS | | | 536,277 | |
| | 88,604 | | | Tofas Turk Otomobil Fabrikasi AS | | | 334,433 | |
| | 736,891 | | | Trakya Cam Sanayii AS | | | 431,428 | |
| | 2,040,360 | | | Turkiye Garanti Bankasi AS | | | 2,566,607 | |
| | 451,430 | | | Turkiye Halk Bankasi AS | | | 499,227 | |
| | 1,397,406 | | | Turkiye Is Bankasi AS Class C | | | 1,000,122 | |
| | 2,313,132 | | | Turkiye Sinai Kalkinma Bankasi AS | | | 294,257 | |
| | 517,760 | | | Turkiye Sise ve Cam Fabrikalari AS | | | 438,491 | |
| | 413,277 | | | Turkiye Vakiflar Bankasi TAO Class D | | | 253,558 | |
| | 1,095,860 | | | Yapi ve Kredi Bankasi AS* | | | 317,808 | |
| | | | | | | | |
| | | | | | | 12,586,628 | |
| | | | | | | | |
| | | | United Kingdom - 13.2% | |
| | 508,205 | | | Acacia Mining plc* | | | 996,143 | |
| | 260,673 | | | Anglo American plc | | | 5,563,642 | |
| | 187,290 | | | Babcock International Group plc | | | 1,460,527 | |
| | 3,483,265 | | | Barclays plc | | | 7,674,697 | |
| | 516,658 | | | Barratt Developments plc | | | 3,388,745 | |
| | 84,585 | | | Berkeley Group Holdings plc | | | 3,780,380 | |
| | 378,085 | | | British American Tobacco plc | | | 16,390,085 | |
| | 92,242 | | | Burberry Group plc | | | 2,134,421 | |
| | 288,297 | | | Close Brothers Group plc | | | 5,414,841 | |
| | 1,035,193 | | | Debenhams plc(3) | | | 118,028 | |
| | 89,016 | | | Dialog Semiconductor plc* | | | 2,347,458 | |
| | 49,116 | | | EMIS Group plc | | | 568,160 | |
| | 926,114 | | | GlaxoSmithKline plc | | | 17,936,751 | |
| | 106,695 | | | Greggs plc | | | 1,582,211 | |
| | 399,600 | | | HSBC Holdings plc(3) | | | 3,283,644 | |
| | 270,412 | | | IG Group Holdings plc | | | 2,089,398 | |
| | 729,230 | | | IMI plc | | | 9,245,513 | |
| | 374,665 | | | Imperial Brands plc | | | 12,690,880 | |
| | 7,369,668 | | | Legal & General Group plc | | | 23,648,359 | |
| | 4,708,458 | | | Lloyds Banking Group plc | | | 3,435,944 | |
| | 133,319 | | | Mediclinic International plc | | | 640,721 | |
| | 533,951 | | | Moneysupermarket.com Group plc | | | 2,001,762 | |
| | 50,569 | | | Next plc | | | 3,359,440 | |
| | 873,873 | | | Ophir Energy plc* | | | 458,522 | |
| | 121,213 | | | Persimmon plc | | | 3,547,554 | |
| | 679,216 | | | Prudential plc | | | 13,600,369 | |
| | 143,796 | | | RELX plc | | | 2,843,805 | |
| | 168,426 | | | Rio Tinto Ltd. | | | 9,164,446 | |
| | 383,732 | | | Rio Tinto plc | | | 18,630,482 | |
| | 3,343,105 | | | Royal Bank of Scotland Group plc | | | 10,064,406 | |
| | 436,867 | | | Royal Mail plc | | | 2,005,625 | |
| | 780,287 | | | Sage Group plc | | | 5,425,262 | |
| | 301,371 | | | Smiths Group plc | | | 5,372,093 | |
| | 288,231 | | | Soco International plc | | | 309,470 | |
| | 311,310 | | | Spectris plc | | | 8,517,356 | |
| | 37,383 | | | Staffline Group plc | | | 566,706 | |
| | 767,804 | | | Standard Chartered plc | | | 5,381,313 | |
| | 850,923 | | | Taylor Wimpey plc | | | 1,752,074 | |
| | 407,099 | | | TI Fluid Systems plc(4) | | | 1,074,982 | |
| | 573,064 | | | Tullow Oil plc* | | | 1,644,157 | |
| | 220,373 | | | Unilever N.V.(3) | | | 11,841,744 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.0% - (continued) | |
| | | | United Kingdom - 13.2% - (continued) | |
| | 102,280 | | | Unilever plc | | $ | 5,417,733 | |
| | 29,462 | | | Victrex plc | | | 996,588 | |
| | 224,869 | | | William Hill plc | | | 604,490 | |
| | 559,997 | | | WPP plc | | | 6,336,777 | |
| | | | | | | | |
| | | | | | | 245,307,704 | |
| | | | | | | | |
| | | | United States - 0.2% | |
| | 299,100 | | | Alacer Gold Corp.* | | | 488,484 | |
| | 393,300 | | | Argonaut Gold, Inc.* | | | 385,398 | |
| | 107,300 | | | Bausch Health Cos., Inc.* | | | 2,454,993 | |
| | 195,300 | | | Tahoe Resources, Inc.* | | | 461,380 | |
| | | | | | | | |
| | | | | | | 3,790,255 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $1,958,121,417) | | $ | 1,772,032,667 | |
| | | | | | | | |
|
| PREFERRED STOCKS - 0.6% | |
| | | | Brazil - 0.3% | |
| | 803,800 | | | AES Tiete Energia S.A., 12.66% | | $ | 442,776 | |
| | 276,300 | | | Banco Bradesco S.A. | | | 2,546,578 | |
| | 136,000 | | | Banco do Estado do Rio Grande do Sul S.A. Class B, 4.34% | | | 725,772 | |
| | 778,800 | | | Cia de Saneamento do Parana, 5.51% | | | 2,109,446 | |
| | | | | | | | |
| | | | | | | 5,824,572 | |
| | | | | | | | |
| | | | Germany - 0.3% | |
| | 521,910 | | | Schaeffler AG, 4.39% | | | 5,499,437 | |
| | 2,328 | | | STO SE & Co. KGaA, 2.59% | | | 240,477 | |
| | | | | | | | |
| | | | | | | 5,739,914 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $13,843,003) | | $ | 11,564,486 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $1,971,964,420) | | $ | 1,783,597,153 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 5.4% | |
| | | | Other Investment Pools & Funds - 3.6% | |
| | 67,391,577 | | | Morgan Stanley Institutional Liquidity, Funds Treasury Portfolio, Institutional Class, 2.00%(5) | | $ | 67,391,577 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.8% | |
| | 1,696,470 | | | Citibank NA DDCA, 2.19%, 11/1/2018(5) | | | 1,696,470 | |
| | 13,137,273 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(5) | | | 13,137,273 | |
| | 3,861,109 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(5) | | | 3,861,109 | |
| | 9,372,366 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(5) | | | 9,372,366 | |
| | 1,793,518 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(5) | | | 1,793,518 | |
| | 4,068,657 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(5) | | | 4,068,657 | |
| | | | | | | | |
| | | | | | | 33,929,393 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $101,320,970) | | $ | 101,320,970 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $2,073,285,390) | | | 101.0 | % | | $ | 1,884,918,123 | |
| | | | Other Assets & Liabilities | | | (1.0 | )% | | | (19,044,073 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,865,874,050 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Investment valued using significant unobservable inputs. |
| (2) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2018, the aggregate fair value of these securities was $460,360, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (3) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (4) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of these securities was $28,968,007, representing 1.6% of total net assets. |
| (5) | Current yield as of period end. |
| | | | | | | | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2018 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Long position contracts: | |
EAFE (mini MSCI) Index Future | | | 574 | | | | 12/21/2018 | | | $ | 52,018,750 | | | $ | (1,101,839 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
Total futures contracts | | | $ | (1,101,839 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2018 | |
Amount and Description of
Currency to be Purchased | | | Amount and Description of
Currency to be Sold | | | Counterparty | | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 8,287,983 | | | | USD | | | | 51,754,200 | | | | TRY | | | | BOA | | | | 11/14/18 | | | $ | — | | | $ | (889,963 | ) |
| | 3,526,906 | | | | USD | | | | 51,051,100 | | | | ZAR | | | | UBS | | | | 11/14/18 | | | | 72,363 | | | | — | |
| | 51,051,100 | | | | ZAR | | | | 3,580,649 | | | | USD | | | | MSC | | | | 11/14/18 | | | | — | | | | (126,106 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | | | | | | | | | | | | | | | | | | | | | | | $ | 72,363 | | | $ | (1,016,069 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Counterparty Abbreviations: |
BOA | | Banc of America Securities LLC |
MSC | | Morgan Stanley |
UBS | | UBS AG |
|
| Currency Abbreviations: |
TRY | | Turkish Lira |
USD | | United States Dollar |
ZAR | | South African Rand |
| | |
|
| Index Abbreviations: |
EAFE | | Europe, Australasia and Far East |
MSCI | | Morgan Stanley Capital International |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
GDR | | Global Depositary Receipt |
NVDR | | Non-Voting Depositary Receipt |
PJSC | | Private Joint Stock Company |
PT | | Perseroan Terbatas |
REIT | | Real Estate Investment Trust |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Australia | | $ | 75,937,907 | | | $ | 6,094 | | | $ | 75,931,813 | | | $ | — | |
Austria | | | 6,079,274 | | | | — | | | | 6,079,274 | | | | — | |
Belgium | | | 6,867,162 | | | | — | | | | 6,867,162 | | | | — | |
Brazil | | | 28,061,437 | | | | 28,061,437 | | | | — | | | | — | |
Cambodia | | | 155,860 | | | | — | | | | 155,860 | | | | — | |
Canada | | | 94,006,839 | | | | 94,006,839 | | | | — | | | | — | |
Cayman Islands | | | 2,125,886 | | | | — | | | | 2,125,886 | | | | — | |
Chile | | | 19,732,239 | | | | 11,880,480 | | | | 7,851,759 | | | | — | |
China | | | 87,556,735 | | | | 1,167,258 | | | | 86,389,477 | | | | — | |
Colombia | | | 3,051,712 | | | | 3,051,712 | | | | — | | | | — | |
Czech Republic | | | 337,653 | | | | 337,653 | | | | — | | | | — | |
Denmark | | | 28,632,223 | | | | 7,720,780 | | | | 20,911,443 | | | | — | |
Egypt | | | 970,014 | | | | — | | | | 970,014 | | | | — | |
Finland | | | 10,997,599 | | | | — | | | | 10,997,599 | | | | — | |
France | | | 89,904,049 | | | | 2,577,595 | | | | 87,326,454 | | | | — | |
Germany | | | 58,185,430 | | | | — | | | | 58,185,430 | | | | — | |
Greece | | | 752,972 | | | | — | | | | 752,972 | | | | — | |
Hong Kong | | | 53,553,671 | | | | — | | | | 53,553,671 | | | | — | |
Hungary | | | 7,448,960 | | | | — | | | | 7,448,960 | | | | — | |
India | | | 10,975,377 | | | | 10,975,377 | | | | — | | | | — | |
Indonesia | | | 11,525,986 | | | | — | | | | 11,525,986 | | | | — | |
Isle of Man | | | 4,966,389 | | | | — | | | | 4,966,389 | | | | — | |
Israel | | | 21,086,679 | | | | 5,964,322 | | | | 15,122,357 | | | | — | |
Italy | | | 17,833,176 | | | | 773,303 | | | | 17,059,873 | | | | — | |
Japan | | | 306,706,616 | | | | 19,170 | | | | 306,687,446 | | | | — | |
Luxembourg | | | 4,504,004 | | | | — | | | | 4,504,004 | | | | — | |
Malaysia | | | 9,031,240 | | | | 32,975 | | | | 8,998,265 | | | | — | |
Mexico | | | 13,535,859 | | | | 13,535,859 | | | | — | | | | — | |
Monaco | | | 736,170 | | | | 736,170 | | | | — | | | | — | |
Netherlands | | | 31,952,834 | | | | — | | | | 31,952,834 | | | | — | |
New Zealand | | | 5,652,972 | | | | — | | | | 5,652,972 | | | | — | |
Norway | | | 34,059,831 | | | | — | | | | 34,059,831 | | | | — | |
Panama | | | 847,431 | | | | 847,431 | | | | — | | | | — | |
Philippines | | | 2,041,768 | | | | — | | | | 2,041,768 | | | | — | |
Poland | | | 5,305,299 | | | | — | | | | 5,305,299 | | | | — | |
Portugal | | | 10,818,633 | | | | — | | | | 10,818,633 | | | | — | |
Russia | | | 21,288,402 | | | | 4,262,494 | | | | 17,025,908 | | | | — | |
Singapore | | | 34,626,609 | | | | 287,850 | | | | 34,338,759 | | | | — | |
South Africa | | | 27,512,953 | | | | 5,001,126 | | | | 22,511,827 | | | | — | |
South Korea | | | 62,202,050 | | | | 968,816 | | | | 61,233,234 | | | | — | |
Spain | | | 43,864,871 | | | | — | | | | 43,864,871 | | | | — | |
Sweden | | | 45,614,740 | | | | — | | | | 45,614,740 | | | | — | |
Switzerland | | | 120,446,001 | | | | — | | | | 120,446,001 | | | | — | |
Taiwan | | | 64,516,464 | | | | 18,402,300 | | | | 45,653,804 | | | | 460,360 | |
Thailand | | | 24,338,104 | | | | 750,727 | | | | 23,587,377 | | | | — | |
Turkey | | | 12,586,628 | | | | — | | | | 12,586,628 | | | | — | |
United Kingdom | | | 245,307,704 | | | | 7,108,189 | | | | 238,199,515 | | | | — | |
United States | | | 3,790,255 | | | | 3,790,255 | | | | — | | | | — | |
Preferred Stocks | | | 11,564,486 | | | | 6,065,049 | | | | 5,499,437 | | | | — | |
Short-Term Investments | | | 101,320,970 | | | | 101,320,970 | | | | — | | | | — | |
Foreign Currency Contracts(2) | | | 72,363 | | | | — | | | | 72,363 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,884,990,486 | | | $ | 329,652,231 | | | $ | 1,554,877,895 | | | $ | 460,360 | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Foreign Currency Contracts(2) | | $ | (1,016,069 | ) | | $ | — | | | $ | (1,016,069 | ) | | $ | — | |
Futures Contracts(2) | | | (1,101,839 | ) | | | (1,101,839 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (2,117,908 | ) | | $ | (1,101,839 | ) | | $ | (1,016,069 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, investment valued at $860,210 were transferred from Level 2 to Level 3 due to the unavailability of active market pricing. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2018 is not presented.
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Stock Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.6% | |
| | | | Australia - 1.9% | |
| | 218,557 | | | BHP Billiton plc | | $ | 4,359,926 | |
| | | | | | | | |
| | | | Austria - 1.5% | |
| | 83,050 | | | Erste Group Bank AG* | | | 3,380,753 | |
| | | | | | | | |
| | | | Brazil - 3.5% | |
| | 689,005 | | | B3 S.A. - Brasil Bolsa Balcao | | | 4,913,662 | |
| | 176,011 | | | Raia Drogasil S.A. | | | 2,971,117 | |
| | | | | | | | |
| | | | | | | 7,884,779 | |
| | | | | | | | |
| | | | China - 7.9% | |
| | 29,624 | | | Alibaba Group Holding Ltd. ADR* | | | 4,214,903 | |
| | 765,200 | | | China Pacific Insurance Group Co., Ltd. Class H | | | 2,856,799 | |
| | 97,855 | | | iQIYI, Inc. ADR*(1) | | | 1,921,872 | |
| | 243,485 | | | Meituan Dianping Class B*(1) | | | 1,574,186 | |
| | 208,100 | | | Tencent Holdings Ltd. | | | 7,129,352 | |
| | | | | | | | |
| | | | | | | 17,697,112 | |
| | | | | | | | |
| | | | France - 10.1% | |
| | 35,890 | | | EssilorLuxottica S.A. | | | 4,901,803 | |
| | 77,183 | | | Schneider Electric SE | | | 5,581,187 | |
| | 137,111 | | | Total S.A.(1) | | | 8,045,046 | |
| | 176,670 | | | Vivendi S.A. | | | 4,260,981 | |
| | | | | | | | |
| | | | | | | 22,789,017 | |
| | | | | | | | |
| | | | Germany - 10.0% | |
| | 19,379 | | | adidas AG | | | 4,557,241 | |
| | 44,027 | | | BASF SE | | | 3,378,566 | |
| | 53,390 | | | Bayerische Motoren Werke AG | | | 4,597,456 | |
| | 18,434 | | | Continental AG | | | 3,037,664 | |
| | 199,294 | | | Infineon Technologies AG | | | 3,993,232 | |
| | 32,096 | | | Knorr-Bremse AG* | | | 2,908,284 | |
| | | | | | | | |
| | | | | | | 22,472,443 | |
| | | | | | | | |
| | | | Hong Kong - 4.7% | |
| | 868,800 | | | AIA Group Ltd. | | | 6,608,999 | |
| | 417,000 | | | China Mobile Ltd. | | | 3,906,405 | |
| | | | | | | | |
| | | | | | | 10,515,404 | |
| | | | | | | | |
| | | | India - 3.6% | |
| | 164,938 | | | HDFC Bank Ltd. | | | 4,264,253 | |
| | 627,859 | | | Zee Entertainment Enterprises Ltd. | | | 3,832,513 | |
| | | | | | | | |
| | | | | | | 8,096,766 | |
| | | | | | | | |
| | | | Japan - 10.5% | |
| | 103,700 | | | Bridgestone Corp. | | | 3,998,597 | |
| | 7,000 | | | Keyence Corp. | | | 3,419,637 | |
| | 13,300 | | | Nintendo Co., Ltd. | | | 4,152,297 | |
| | 130,900 | | | Recruit Holdings Co., Ltd. | | | 3,513,302 | |
| | 266,600 | | | Sekisui Chemical Co., Ltd. | | | 4,192,527 | |
| | 13,700 | | | SMC Corp. | | | 4,366,662 | |
| | | | | | | | |
| | | | | | | 23,643,022 | |
| | | | | | | | |
| | | | Luxembourg - 1.3% | |
| | 201,642 | | | Tenaris S.A. | | | 2,968,300 | |
| | | | | | | | |
| | | | Norway - 3.1% | |
| | 205,855 | | | DNB ASA | | | 3,719,059 | |
| | 608,630 | | | Norsk Hydro ASA | | | 3,156,222 | |
| | | | | | | | |
| | | | | | | 6,875,281 | |
| | | | | | | | |
| | | | Singapore - 1.6% | |
| | 472,300 | | | Oversea-Chinese Banking Corp. Ltd. | | | 3,669,039 | |
| | | | | | | | |
| | | | South Korea - 2.1% | |
| | 125,202 | | | Samsung Electronics Co., Ltd. | | | 4,687,036 | |
| | | | | | | | |
| | | | Spain - 1.8% | |
| | 728,326 | | | Banco Bilbao Vizcaya Argentaria S.A. | | | 4,019,698 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.6% - (continued) | |
| | | | Sweden - 3.0% | |
| | 397,790 | | | Skandinaviska Enskilda Banken AB Class A | | $ | 4,116,489 | |
| | 170,860 | | | SKF AB Class B | | | 2,739,248 | |
| | | | | | | | |
| | | | | | | 6,855,737 | |
| | | | | | | | |
| | | | Switzerland - 9.2% | |
| | 52,690 | | | Cie Financiere Richemont S.A. | | | 3,851,143 | |
| | 15,843 | | | Lonza Group AG* | | | 4,981,663 | |
| | 98,259 | | | Nestle S.A. | | | 8,295,328 | |
| | 258,709 | | | UBS Group AG* | | | 3,616,005 | |
| | | | | | | | |
| | | | | | | 20,744,139 | |
| | | | | | | | |
| | | | Taiwan - 2.6% | |
| | 777,000 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 5,833,236 | |
| | | | | | | | |
| | | | United Kingdom - 14.1% | |
| | 59,851 | | | AstraZeneca plc | | | 4,577,980 | |
| | 160,343 | | | Diageo plc | | | 5,543,301 | |
| | 290,652 | | | GlaxoSmithKline plc | | | 5,629,277 | |
| | 210,477 | | | Ocado Group plc* | | | 2,297,295 | |
| | 71,402 | | | Reckitt Benckiser Group plc | | | 5,773,857 | |
| | 1,850,559 | | | Vodafone Group plc | | | 3,480,047 | |
| | 76,850 | | | Whitbread plc | | | 4,321,086 | |
| | | | | | | | |
| | | | | | | 31,622,843 | |
| | | | | | | | |
| | | | United States - 5.1% | |
| | 2,038 | | | Booking Holdings, Inc.* | | | 3,820,394 | |
| | 53,729 | | | Philip Morris International, Inc. | | | 4,731,913 | |
| | 999,600 | | | Samsonite International S.A.(2) | | | 2,882,827 | |
| | | | | | | | |
| | | | | | | 11,435,134 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $214,899,454) | | $ | 219,549,665 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $214,899,454) | | $ | 219,549,665 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 3.2% | |
| | | | Other Investment Pools & Funds - 2.0% | |
| | 4,512,129 | | | Morgan Stanley Institutional Liquidity, Funds Treasury Portfolio, Institutional Class, 2.00%(3) | | $ | 4,512,129 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.2% | |
| | 130,134 | | | Citibank NA DDCA, 2.19%, 11/1/2018(3) | | | 130,134 | |
| | 1,007,739 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(3) | | | 1,007,739 | |
| | 296,180 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(3) | | | 296,180 | |
| | 718,939 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(3) | | | 718,939 | |
| | 137,578 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(3) | | | 137,578 | |
| | 312,100 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(3) | | | 312,100 | |
| | | | | | | | |
| | | | | | | 2,602,670 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $7,114,799) | | $ | 7,114,799 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $222,014,253) | | | 100.8 | % | | $ | 226,664,464 | |
| | | | Other Assets and Liabilities | | | (0.8 | )% | | | (1,808,885 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 224,855,579 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Stock Fund |
Schedule of Investments – (continued)
October 31, 2018
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2018, the aggregate value of this security was $2,882,827, representing 1.3% of total net assets. |
| (3) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Australia | | $ | 4,359,926 | | | $ | — | | | $ | 4,359,926 | | | $ | — | |
Austria | | | 3,380,753 | | | | — | | | | 3,380,753 | | | | — | |
Brazil | | | 7,884,779 | | | | 7,884,779 | | | | — | | | | — | |
China | | | 17,697,112 | | | | 7,710,961 | | | | 9,986,151 | | | | — | |
France | | | 22,789,017 | | | | — | | | | 22,789,017 | | | | — | |
Germany | | | 22,472,443 | | | | 2,908,284 | | | | 19,564,159 | | | | — | |
Hong Kong | | | 10,515,404 | | | | — | | | | 10,515,404 | | | | — | |
India | | | 8,096,766 | | | | — | | | | 8,096,766 | | | | — | |
Japan | | | 23,643,022 | | | | — | | | | 23,643,022 | | | | — | |
Luxembourg | | | 2,968,300 | | | | — | | | | 2,968,300 | | | | — | |
Norway | | | 6,875,281 | | | | — | | | | 6,875,281 | | | | — | |
Singapore | | | 3,669,039 | | | | — | | | | 3,669,039 | | | | — | |
South Korea | | | 4,687,036 | | | | — | | | | 4,687,036 | | | | — | |
Spain | | | 4,019,698 | | | | — | | | | 4,019,698 | | | | — | |
Sweden | | | 6,855,737 | | | | — | | | | 6,855,737 | | | | — | |
Switzerland | | | 20,744,139 | | | | — | | | | 20,744,139 | | | | — | |
Taiwan | | | 5,833,236 | | | | — | | | | 5,833,236 | | | | — | |
United Kingdom | | | 31,622,843 | | | | — | | | | 31,622,843 | | | | — | |
United States | | | 11,435,134 | | | | 8,552,307 | | | | 2,882,827 | | | | — | |
Short-Term Investments | | | 7,114,799 | | | | 7,114,799 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 226,664,464 | | | $ | 34,171,130 | | | $ | 192,493,334 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 5.4% | |
| | | | | | | Agriculture - 0.1% | |
| | $ | | | | 182,000 | | | Reynolds American, Inc. 5.70%, 08/15/2035 | | $ | 185,988 | |
| | | | | | | | | | | | |
| | | | | | | Commercial Banks - 1.4% | |
| | | | | 1,183,000 | | | Barclays plc 4.38%, 01/12/2026 | | | 1,133,736 | |
| | | | | | | | Citigroup, Inc. | |
| | | | | 8,000 | | | 6.88%, 06/01/2025 | | | 9,070 | |
| | | | | 1,430,000 | | | 8.13%, 07/15/2039 | | | 1,996,632 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 3,139,438 | |
| | | | | | | | | | | | |
| | | | | | | Insurance - 2.4% | |
| | | | | 730,000 | | | Aflac, Inc. 6.45%, 08/15/2040 | | | 868,985 | |
| | | | | 2,097,000 | | | MetLife, Inc. 6.40%, 12/15/2036 | | | 2,174,589 | |
| | | | | 2,342,000 | | | Prudential Financial, Inc. 3 mo. USD LIBOR + 2.380%, 4.50%, 09/15/2047(1) | | | 2,131,220 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,174,794 | |
| | | | | | | | | | | | |
| | | | | | | Oil & Gas - 0.6% | |
| | | | | 990,000 | | | Marathon Petroleum Corp. 4.75%, 09/15/2044 | | | 908,405 | |
| | | | | 613,000 | | | Petroleos Mexicanos 5.63%, 01/23/2046 | | | 474,952 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,383,357 | |
| | | | | | | | | | | | |
| | | | | | | Pipelines - 0.9% | |
| | | | | 900,000 | | | Enterprise Products Operating LLC 5.10%, 02/15/2045 | | | 894,323 | |
| | | | | 997,000 | | | Kinder Morgan Energy Partners L.P. 5.80%, 03/15/2035 | | | 1,034,927 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,929,250 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Corporate Bonds
(cost $11,275,447) | | $ | 11,812,827 | |
| | | | | | | | | | | | |
|
| MUNICIPAL BONDS - 84.9% | |
| | | | | | | Alabama - 0.3% | |
| | | | | 580,000 | | | Alabama Housing Finance Auth 1.35%, 01/01/2020(2) | | $ | 575,511 | |
| | | | | | | | | | | | |
| | | | | | | Arizona - 1.0% | |
| | | | | | | | City of Phoenix Civic Improvement Corp. | |
| | | | | 350,000 | | | 5.00%, 07/01/2026 | | | 403,550 | |
| | | | | 350,000 | | | 5.00%, 07/01/2027 | | | 406,231 | |
| | | | | 460,000 | | | 5.00%, 07/01/2028 | | | 531,995 | |
| | | | | | | | Scottsdale, AZ, Municipal Property Corp. | |
| | | | | 100,000 | | | 5.00%, 07/01/2030 | | | 118,369 | |
| | | | | 600,000 | | | 5.00%, 07/01/2034 | | | 715,800 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 2,175,945 | |
| | | | | | | | | | | | |
| | | | | | | California - 3.0% | |
| | | | | 220,000 | | | California Educational Facs Auth 5.25%, 04/01/2040 | | | 273,861 | |
| | | | | 700,000 | | | California State Communities DA Rev 2.63%, 11/01/2033(2) | | | 688,352 | |
| | | | | 20,000 | | | East Side, CA, Union High School Dist GO 5.25%, 02/01/2024 | | | 22,783 | |
| | | | | 2,000,000 | | | Escondido, CA, Union High School Dist GO 0.00%, 08/01/2041(3) | | | 746,240 | |
| | | | | 1,000,000 | | | Merced Union High School Dist GO, CA 0.00%, 08/01/2034(3) | | | 539,290 | |
| | | | | 4,675,000 | | | Moreno Valley, CA, USD GO 0.00%, 08/01/2025(3) | | | 3,796,240 | |
| | | | | 200,000 | | | North Orange County, CA, Community College Dist GO 0.00%, 08/01/2028(3) | | | 146,350 | |
| | | | | 300,000 | | | Rialto, CA, USD GO 0.00%, 08/01/2029(3) | | | 206,403 | |
| | | | | 100,000 | | | Southern California Metropolitan Water Dist 5.75%, 07/01/2021 | | | 104,993 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 6,524,512 | |
| | | | | | | | | | | | |
| | | | | | | Colorado - 0.2% | |
| | | | | 420,000 | | | Univ. of Colorado 5.00%, 06/01/2028 | | | 495,617 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| MUNICIPAL BONDS - 84.9% - (continued) | |
| | | | | | | Connecticut - 2.6% | |
| | $ | | | | 2,940,000 | | | Connecticut Housing Finance Auth 4.25%, 05/15/2042 | | $ | 3,101,142 | |
| | | | | 2,420,000 | | | State of Connecticut, Special Tax Rev. 5.00%, 01/01/2021 | | | 2,548,671 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,649,813 | |
| | | | | | | | | | | | |
| | | | | | | District of Columbia - 4.5% | |
| | | | | 855,000 | | | Dist of Columbia 5.00%, 06/01/2028 | | | 1,008,147 | |
| | | | | 1,910,000 | | | Dist of Columbia Housing Finance Agcy. 2.00%, 09/01/2021(2) | | | 1,886,316 | |
| | | | | | | | Dist of Columbia Water & Sewer Auth | |
| | | | | 230,000 | | | 5.00%, 10/01/2044 | | | 249,334 | |
| | | | | 5,425,000 | | | 5.00%, 10/01/2049 | | | 6,013,016 | |
| | | | | 600,000 | | | Dist of Columbia, GO 5.00%, 06/01/2032 | | | 678,174 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 9,834,987 | |
| | | | | | | | | | | | |
| | | | | | | Florida - 2.6% | |
| | | | | 470,000 | | | Escambia County, FL, Housing Finance Auth 2.05%, 05/01/2021(2) | | | 468,693 | |
| | | | | 1,025,000 | | | Florida Housing Finance Corp. 4.00%, 07/01/2049 | | | 1,069,137 | |
| | | | | 1,840,000 | | | Miami-Dade County, FL, Transit System 5.00%, 07/01/2042 | | | 1,964,071 | |
| | | | | 1,945,000 | | | Miami-Dade County, FL, Water & Sewer System Rev 5.00%, 10/01/2042 | | | 2,084,612 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,586,513 | |
| | | | | | | | | | | | |
| | | | | | | Georgia - 2.3% | |
| | | | | | | | Georgia Municipal Association, Inc. | |
| | | | | 50,000 | | | 5.00%, 12/01/2026 | | | 57,204 | |
| | | | | 35,000 | | | 5.00%, 12/01/2027 | | | 40,317 | |
| | | | | 25,000 | | | 5.00%, 12/01/2028 | | | 28,585 | |
| | | | | 80,000 | | | 5.00%, 12/01/2029 | | | 90,863 | |
| | | | | 55,000 | | | 5.00%, 12/01/2030 | | | 62,145 | |
| | | | | 55,000 | | | 5.00%, 12/01/2032 | | | 61,778 | |
| | | | | 35,000 | | | 5.00%, 12/01/2033 | | | 39,168 | |
| | | | | 55,000 | | | 5.00%, 12/01/2034 | | | 61,369 | |
| | | | | 3,945,000 | | | Main Street, GA, Natural Gas, Inc. 4.00%, 08/01/2048(2) | | | 4,125,760 | |
| | | | | 420,000 | | | Metropolitan Atlanta, GA, Rapid Transit Auth 5.25%, 07/01/2029 | | | 506,533 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,073,722 | |
| | | | | | | | | | | | |
| | | | | | | Illinois - 4.6% | |
| | | | | | | | Champaign County Community Unit School Dist No 4 Champaign | | | | |
| | | | | 235,000 | | | 5.00%, 01/01/2027 | | | 262,998 | |
| | | | | 475,000 | | | 5.00%, 01/01/2029 | | | 526,124 | |
| | | | | 695,000 | | | Chicago, IL, Metropolitan Water Reclamation Dist GO 5.25%, 12/01/2032 | | | 812,379 | |
| | | | | 1,060,000 | | | Chicago, IL, O’Hare International Airport 5.25%, 01/01/2032 | | | 1,189,087 | |
| | | | | 1,145,000 | | | Chicago, IL, Transit Auth 5.00%, 06/01/2025 | | | 1,265,683 | |
| | | | | 135,000 | | | City of Chicago, IL, GO 5.25%, 01/01/2020 | | | 139,228 | |
| | | | | 1,775,000 | | | Illinois Housing Dev Auth 4.50%, 10/01/2048 | | | 1,892,700 | |
| | | | | | | | Metropolitan Pier & Exposition Auth, IL | |
| | | | | 80,000 | | | 0.00%, 06/15/2020(3) | | | 75,810 | |
| | | | | 330,000 | | | 5.00%, 06/15/2050 | | | 338,448 | |
| | | | | 1,350,000 | | | Railsplitter, IL, Tobacco Settlement Auth 5.00%, 06/01/2022 | | | 1,455,745 | |
| | | | | 2,110,000 | | | State of Illinois 5.00%, 11/01/2028 | | | 2,173,173 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 10,131,375 | |
| | | | | | | | | | | | |
| | | | | | | Indiana - 0.5% | |
| | | | | 1,075,000 | | | Indiana Housing & Community Dev Auth 4.00%, 07/01/2048 | | | 1,122,870 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| MUNICIPAL BONDS - 84.9% - (continued) | |
| | | | | | | Iowa - 1.5% | |
| | | | | | | | Iowa Finance Auth | |
| | $ | | | | 875,000 | | | 4.00%, 07/01/2048 | | $ | 915,303 | |
| | | | | 2,045,000 | | | 5.00%, 08/01/2028 | | | 2,398,744 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 3,314,047 | |
| | | | | | | | | | | | |
| | | | | | | Kentucky - 1.2% | |
| | | | | | | | Kentucky State Property & Building Commission | |
| | | | | 660,000 | | | 5.00%, 05/01/2024 | | | 729,610 | |
| | | | | 1,175,000 | | | 5.00%, 08/01/2024 | | | 1,302,088 | |
| | | | | 445,000 | | | 5.00%, 05/01/2025 | | | 496,629 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 2,528,327 | |
| | | | | | | | | | | | |
| | | | | | | Louisiana - 0.2% | |
| | | | | 425,000 | | | Louisiana Housing Corp. 4.50%, 12/01/2047 | | | 453,513 | |
| | | | | | | | | | | | |
| | | | | | | Maine - 1.0% | |
| | | | | 2,135,000 | | | Maine State Housing Auth 4.00%, 11/15/2048 | | | 2,230,627 | |
| | | | | | | | | | | | |
| | | | | | | Maryland - 1.1% | |
| | | | | 2,210,000 | | | Maryland Community Dev Administration 4.50%, 09/01/2048 | | | 2,349,119 | |
| | | | | | | | | | | | |
| | | | | | | Massachusetts - 2.8% | |
| | | | | | | | Commonwealth of Massachusetts, GO | |
| | | | | 1,685,000 | | | 5.00%, 01/01/2035 | | | 1,901,337 | |
| | | | | 250,000 | | | 5.25%, 09/01/2024 | | | 287,663 | |
| | | | | | | | Massachusetts Bay Transportation Auth | |
| | | | | 190,000 | | | 5.25%, 07/01/2030 | | | 229,929 | |
| | | | | 45,000 | | | 5.25%, 07/01/2031 | | | 54,698 | |
| | | | | 75,000 | | | Massachusetts Health & Educational Facs Auth 1.59%, 07/01/2027(2) | | | 75,000 | |
| | | | | 3,570,000 | | | Massachusetts Housing Finance Agcy. 1.90%, 02/01/2021(2) | | | 3,533,443 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 6,082,070 | |
| | | | | | | | | | | | |
| | | | | | | Michigan - 0.9% | |
| | | | | | | | Michigan Finance Auth | |
| | | | | 385,000 | | | 5.00%, 12/01/2022 | | | 422,738 | |
| | | | | 480,000 | | | 5.00%, 08/01/2023 | | | 532,022 | |
| | | | | | | | Southgate, MI, Community School Dist GO | |
| | | | | 255,000 | | | 5.00%, 05/01/2024 | | | 285,745 | |
| | | | | 350,000 | | | 5.00%, 05/01/2025 | | | 395,231 | |
| | | | | 320,000 | | | State of Michigan 5.00%, 03/15/2027 | | | 369,354 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 2,005,090 | |
| | | | | | | | | | | | |
| | | | | | | Minnesota - 0.9% | |
| | | | | | | | Housing & Redev Auth of The City of St. Paul Minnesota | | | | |
| | | | | 1,355,000 | | | 1.25%, 08/01/2020(2) | | | 1,342,724 | |
| | | | | 275,000 | | | 2.15%, 03/01/2021(2) | | | 273,922 | |
| | | | | 365,000 | | | 2.20%, 09/01/2021(2) | | | 363,500 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,980,146 | |
| | | | | | | | | | | | |
| | | | | | | Nebraska - 0.7% | |
| | | | | 1,445,000 | | | Nebraska Investment Finance Auth Rev 4.00%, 09/01/2048 | | | 1,506,832 | |
| | | | | | | | | | | | |
| | | | | | | Nevada - 1.8% | |
| | | | | 3,525,000 | | | County of Clark NV, GO 5.00%, 05/01/2048 | | | 3,906,722 | |
| | | | | | | | | | | | |
| | | | | | | New Jersey - 3.4% | |
| | | | | 1,430,000 | | | Garden State, NJ, Preservation Trust 5.75%, 11/01/2028 | | | 1,654,410 | |
| | | | | 70,000 | | | New Jersey Economic Dev Auth 5.00%, 03/01/2026 | | | 74,413 | |
| | | | | | | | New Jersey Economic Dev. Auth | |
| | | | | 285,000 | | | 5.00%, 06/15/2027 | | | 310,582 | |
| | | | | 565,000 | | | 5.00%, 06/15/2028 | | | 613,550 | |
| | | | | 485,000 | | | New Jersey Housing & Mortgage Finance Agcy. 1.35%, 02/01/2020(2) | | | 484,015 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| MUNICIPAL BONDS - 84.9% - (continued) | |
| | | | | | | New Jersey - 3.4% - (continued) | |
| | | | | | | | New Jersey Transportation Trust Fund Auth | |
| | | | | 405,000 | | | 5.00%, 06/15/2024 | | $ | 443,953 | |
| | | | | 1,330,000 | | | 5.00%, 12/15/2028 | | | 1,453,637 | |
| | | | | 100,000 | | | 5.25%, 12/15/2022 | | | 108,857 | |
| | | | | 685,000 | | | 5.50%, 12/15/2022 | | | 757,028 | |
| | | | | | | | New Jersey Turnpike Auth | |
| | | | | 110,000 | | | 5.00%, 01/01/2023 | | | 120,990 | |
| | | | | 605,000 | | | 5.00%, 01/01/2029 | | | 697,625 | |
| | | | | 740,000 | | | Tobacco Settlement Financing Corp., NJ 5.00%, 06/01/2029 | | | 819,506 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 7,538,566 | |
| | | | | | | | | | | | |
| | | | | | | New Mexico - 0.6% | |
| | | | | 1,155,000 | | | New Mexico Mortgage Finance Auth 4.00%, 01/01/2049 | | | 1,206,536 | |
| | | | | | | | | | | | |
| | | | | | | New York - 3.3% | |
| | | | | 6,335,000 | | | New York State Dormitory Auth 5.00%, 02/15/2030 | | | 7,208,343 | |
| | | | | | | | | | | | |
| | | | | | | North Carolina - 4.3% | |
| | | | | 2,005,000 | | | Durham Housing Auth 1.80%, 01/01/2021(2) | | | 1,985,431 | |
| | | | | 7,480,000 | | | Fayetteville Metropolitan Housing Auth 1.95%, 01/01/2022(2) | | | 7,385,977 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 9,371,408 | |
| | | | | | | | | | | | |
| | | | | | | Ohio - 5.8% | |
| | | | | 1,205,000 | | | City of Columbus OH, GO 5.00%, 04/01/2028 | | | 1,409,706 | |
| | | | | 915,000 | | | Cuyahoga, OH, Metropolitan Housing Auth 2.20%, 06/01/2021(2) | | | 912,173 | |
| | | | | | | | Ohio Housing Finance Agcy. | |
| | | | | 615,000 | | | 1.25%, 09/01/2020(2) | | | 609,760 | |
| | | | | 1,880,000 | | | 4.50%, 09/01/2048 | | | 2,015,548 | |
| | | | | | | | Ohio State University | |
| | | | | 5,000 | | | 5.00%, 12/01/2021 | | | 5,410 | |
| | | | | 115,000 | | | 5.00%, 12/01/2030 | | | 136,814 | |
| | | | | 125,000 | | | 5.00%, 12/01/2031 | | | 148,815 | |
| | | | | | | | Ohio Turnpike & Infrastructure Commission | |
| | | | | 2,740,000 | | | 0.00%, 02/15/2036(3) | | | 1,328,928 | |
| | | | | 2,825,000 | | | 0.00%, 02/15/2037(3) | | | 1,304,613 | |
| | | | | 1,680,000 | | | 0.00%, 02/15/2038(3) | | | 738,158 | |
| | | | | 1,395,000 | | | 0.00%, 02/15/2041(3) | | | 530,002 | |
| | | | | | | | State of Ohio | |
| | | | | 965,000 | | | 5.00%, 08/01/2027 | | | 1,132,746 | |
| | | | | 2,110,000 | | | 5.00%, 12/15/2027 | | | 2,466,442 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 12,739,115 | |
| | | | | | | | | | | | |
| | | | | | | Oregon - 0.2% | |
| | | | | 425,000 | | | State of Oregon Department of Transportation 5.00%, 11/15/2026 | | | 497,195 | |
| | | | | | | | | | | | |
| | | | | | | Pennsylvania - 5.8% | |
| | | | | 635,000 | | | Commonwealth Financing Auth 5.00%, 06/01/2032 | | | 700,526 | |
| | | | | 1,295,000 | | | Geisinger, PA, Health System Auth 5.00%, 02/15/2032 | | | 1,447,434 | |
| | | | | 5,960,000 | | | Pennsylvania Housing Finance Agcy. 1.65%, 11/01/2020(2) | | | 5,920,306 | |
| | | | | | | | Pennsylvania Turnpike Commission | |
| | | | | 240,000 | | | 5.00%, 12/01/2026 | | | 272,918 | |
| | | | | 705,000 | | | 5.00%, 12/01/2027 | | | 806,090 | |
| | | | | 445,000 | | | 5.00%, 12/01/2028 | | | 502,810 | |
| | | | | 1,250,000 | | | Pittsburgh Housing Auth, PA 1.40%, 10/01/2021(2) | | | 1,239,200 | |
| | | | | | | | Reading, PA, School Dist GO | |
| | | | | 85,000 | | | 5.00%, 03/01/2021 | | | 89,700 | |
| | | | | 50,000 | | | 5.00%, 03/01/2023 | | | 54,583 | |
| | | | | 70,000 | | | 5.00%, 03/01/2024 | | | 77,428 | |
| | | | | 70,000 | | | 5.00%, 03/01/2025 | | | 78,271 | |
| | | | | 55,000 | | | 5.00%, 03/01/2026 | | | 61,957 | |
| | | | | 50,000 | | | 5.00%, 03/01/2027 | | | 56,612 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| MUNICIPAL BONDS - 84.9% - (continued) | |
| | | | | | | Pennsylvania - 5.8% - (continued) | |
| | | | | | | | Swarthmore Borough Auth | |
| | $ | | | | 715,000 | | | 5.00%, 09/15/2047 | | $ | 805,733 | |
| | | | | 560,000 | | | 5.00%, 09/15/2048 | | | 630,566 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 12,744,134 | |
| | | | | | | | | | | | |
| | | | | | | Rhode Island - 1.1% | |
| | | | | 2,310,000 | | | Rhode Island Housing & Mortgage Finance Corp. 4.00%, 10/01/2048 | | | 2,409,815 | |
| | | | | | | | | | | | |
| | | | | | | South Carolina - 3.8% | |
| | | | | 6,375,000 | | | Patriots Energy Group Financing Agcy., SC 4.00%, 10/01/2048(2) | | | 6,669,525 | |
| | | | | 1,345,000 | | | SCAGO, SC, Educational Facs Corp. Pickens School Dist 5.00%, 12/01/2025 | | | 1,518,223 | |
| | | | | 105,000 | | | Tobacco Settlement Revenue Magm. Auth 6.38%, 05/15/2030 | | | 134,809 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 8,322,557 | |
| | | | | | | | | | | | |
| | | | | | | Tennessee - 2.7% | |
| | | | | 1,175,000 | | | Chattanooga Health Educational & Housing Fac. Board 1.75%, 12/01/2020(2) | | | 1,165,095 | |
| | | | | 2,010,000 | | | Knoxville’s Community Dev. Corp., TN 1.20%, 02/01/2020 | | | 1,977,357 | |
| | | | | 630,000 | | | Memphis Health Educational & Housing Fac. Board 1.80%, 12/01/2020(2) | | | 627,518 | |
| | | | | 345,000 | | | Metropolitan Gov’t Nashville & Davidson County Health & Educational Facs Bd 1.80%, 12/01/2020(2) | | | 343,275 | |
| | | | | 1,570,000 | | | Tennessee Housing Dev Agcy 4.50%, 07/01/2049 | | | 1,681,313 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,794,558 | |
| | | | | | | | | | | | |
| | | | | | | Texas - 15.2% | |
| | | | | | | | Aldine, TX, Independent School Dist | |
| | | | | 1,715,000 | | | 5.00%, 02/15/2026 | | | 1,973,022 | |
| | | | | 815,000 | | | 5.00%, 02/15/2027 | | | 945,433 | |
| | | | | 2,375,000 | | | Arlington, TX, Higher Education Finance Corp. 5.00%, 12/01/2047 | | | 2,583,763 | |
| | | | | 2,020,000 | | | Burleson, TX, Independent School Dist 5.00%, 02/01/2047 | | | 2,235,271 | |
| | | | | 210,000 | | | Dallas Area, TX, Rapid Transit 5.25%, 12/01/2030 | | | 254,255 | |
| | | | | 3,900,000 | | | Denton Independent School Dist 5.00%, 08/15/2048 | | | 4,298,658 | |
| | | | | 2,620,000 | | | Grand Parkway Transportation Corp. 5.00%, 10/01/2048 | | | 2,882,026 | |
| | | | | | | | Harris County Cultural Education Facs. Finance Corp. | |
| | | | | 430,000 | | | 5.00%, 11/15/2027 | | | 498,731 | |
| | | | | 450,000 | | | 5.00%, 11/15/2028 | | | 515,399 | |
| | | | | 430,000 | | | 5.00%, 11/15/2029 | | | 488,510 | |
| | | | | 45,000 | | | Harris County, TX, Flood Control Dist 5.00%, 10/01/2024 | | | 47,311 | |
| | | | | 3,170,000 | | | Mesquite Independent School Dist 5.00%, 08/15/2048 | | | 3,491,533 | |
| | | | | 100,000 | | | North East, TX, ISD GO 5.25%, 02/01/2027 | | | 117,846 | |
| | | | | | | | North Texas Tollway Auth Rev | |
| | | | | 525,000 | | | 5.00%, 01/01/2024 | | | 585,501 | |
| | | | | 920,000 | | | 5.00%, 01/01/2048 | | | 991,226 | |
| | | | | 5,000 | | | 6.10%, 01/01/2028 | | | 5,033 | |
| | | | | | | | Texas Department of Housing & Community Affairs | |
| | | | | 675,000 | | | 2.23%, 05/01/2021(2) | | | 672,827 | |
| | | | | 1,145,000 | | | 4.75%, 03/01/2049 | | | 1,232,581 | |
| | | | | 680,000 | | | Texas State Affordable Housing Corp. 1.90%, 12/01/2020(2) | | | 676,607 | |
| | | | | 4,610,000 | | | Texas State Water Dev Board 5.00%, 10/15/2028 | | | 5,397,019 | |
| | | | | | | | University of Texas | |
| | | | | 450,000 | | | 5.00%, 08/15/2027 | | | 525,852 | |
| | | | | 340,000 | | | 5.00%, 08/15/2028 | | | 395,015 | |
| | | | | 450,000 | | | 5.00%, 08/15/2029 | | | 519,791 | |
| | | | | 880,000 | | | 5.00%, 05/15/2035 | | | 989,102 | |
| | | | | 480,000 | | | 5.25%, 07/01/2028 | | | 575,798 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| MUNICIPAL BONDS - 84.9% - (continued) | |
| | | | | | | Texas - 15.2% - (continued) | |
| | $ | | | | 460,000 | | | Washington County, TX, Housing Corp. 1.50%, 01/01/2020(2) | | $ | 459,241 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 33,357,351 | |
| | | | | | | | | | | | |
| | | | | | | Utah - 0.3% | |
| | | | | 610,000 | | | Salt Lake City Corp. Airport Rev. 5.00%, 07/01/2048 | | | 670,268 | |
| | | | | | | | | | | | |
| | | | | | | Virginia - 1.2% | |
| | | | | 2,355,000 | | | Virginia Public Building Auth 5.00%, 08/01/2029 | | | 2,720,779 | |
| | | | | | | | | | | | |
| | | | | | | Washington - 1.5% | |
| | | | | 3,155,000 | | | Washington State Housing Finance Commission 4.00%, 12/01/2048 | | | 3,299,215 | |
| | | | | | | | | | | | |
| | | | | | | West Virginia - 0.5% | |
| | | | | | | | West Virginia Commissioner of Highways | |
| | | | | 360,000 | | | 5.00%, 09/01/2026 | | | 415,332 | |
| | | | | 560,000 | | | 5.00%, 09/01/2027 | | | 650,070 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,065,402 | |
| | | | | | | | | | | | |
| | | | | | | Wisconsin - 0.8% | |
| | | | | | | | Wisconsin Health & Educational Facs Auth | |
| | | | | 825,000 | | | 5.00%, 04/01/2032 | | | 922,144 | |
| | | | | 650,000 | | | 5.00%, 04/01/2033 | | | 724,015 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,646,159 | |
| | | | | | | | | | | | |
| | | | | | | Wyoming - 0.7% | |
| | | | | 1,520,000 | | | Wyoming Community Dev Auth 4.00%, 06/01/2043 | | | 1,584,934 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Municipal Bonds
(cost $186,030,966) | | $ | 185,703,693 | |
| | | | | | | | | | | | |
|
| U.S. GOVERNMENT SECURITIES - 6.5% | |
| | | | | | | U.S. Treasury Securities - 6.5% | |
| | | | | | | U.S. Treasury Bonds - 1.6% | |
| | | | | 3,078,500 | | | 3.13%, 05/15/2048 | | $ | 2,919,524 | |
| | | | | 450,000 | | | 4.63%, 02/15/2040 | | | 537,381 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 3,456,905 | |
| | | | | | | | | | | | |
| | | | | | | U.S. Treasury Notes - 4.9% | |
| | | | | 4,507,504 | | | 0.75%, 07/15/2028(4) | | | 4,364,531 | |
| | | | | 1,188,000 | | | 2.88%, 09/30/2023 | | | 1,181,828 | |
| | | | | 3,099,000 | | | 2.88%, 10/31/2023 | | | 3,082,900 | |
| | | | | 2,118,000 | | | 2.88%, 08/15/2028 | | | 2,069,270 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 10,698,529 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 14,155,434 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total U.S. Government Securities
(cost $14,291,251) | | $ | 14,155,434 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Long-Term Investments
(cost $211,597,664) | | $ | 211,671,954 | |
| | | | | | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 4.2% | |
| | | | | | | Other Investment Pools & Funds - 4.2% | |
| | | | | 9,220,349 | | | Morgan Stanley Institutional Liquidity, Funds Treasury Portfolio, Institutional Class, 2.00%(5) | | $ | 9,220,349 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | | Total Short-Term Investments
(cost $9,220,349) | | $ | 9,220,349 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | | | | | Total Investments
(cost $220,818,013) | | | 101.0 | % | | $ | 220,892,303 | |
| | | | | | | | Other Assets & Liabilities | | | (1.0 | )% | | | (2,112,577 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | | Total Net Assets | | | 100.0 | % | | $ | 218,779,726 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2018
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Variable rate security; the rate reported is the coupon rate in effect at October 31, 2018. |
| (2) | Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end. |
| (3) | Security is a zero-coupon bond. |
| (4) | The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount. |
| (5) | Current yield as of period end. |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2018 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
Long position contracts: | |
U.S. Treasury 5-Year Note Future | | | 25 | | | | 12/31/2018 | | | $ | 2,809,570 | | | $ | 4,826 | |
U.S. Treasury 10-Year Note Future | | | 4 | | | | 12/19/2018 | | | | 473,750 | | | | (1,195 | ) |
| | | | | | | | | | | | | | | | |
Total | | | $ | 3,631 | |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | $ | 3,631 | |
| | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
LIBOR | | London Interbank Offered Rate |
| | |
|
| Municipal Abbreviations: |
DA | | Development Authority |
GO | | General Obligation |
ISD | | Independent School District |
PA | | Port Authority |
Rev | | Revenue |
USD | | Unified School District |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Corporate Bonds | | $ | 11,812,827 | | | $ | — | | | $ | 11,812,827 | | | $ | — | |
Municipal Bonds | | | 185,703,693 | | | | — | | | | 185,703,693 | | | | — | |
U.S. Government Securities | | | 14,155,434 | | | | — | | | | 14,155,434 | | | | — | |
Short-Term Investments | | | 9,220,349 | | | | 9,220,349 | | | | — | | | | — | |
Futures Contracts(2) | | | 4,826 | | | | 4,826 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 220,897,129 | | | $ | 9,225,175 | | | $ | 211,671,954 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Futures Contracts(2) | | $ | (1,195 | ) | | $ | (1,195 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (1,195 | ) | | $ | (1,195 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 91.1% | |
| | | | Automobiles & Components - 1.8% | |
| | 6,135 | | | Cooper-Standard Holdings, Inc.* | | $ | 568,408 | |
| | 33,804 | | | Gentherm, Inc.* | | | 1,475,206 | |
| | 17,898 | | | Standard Motor Products, Inc. | | | 968,461 | |
| | | | | | | | |
| | | | | | | 3,012,075 | |
| | | | | | | | |
| | | | Banks - 12.1% | |
| | 35,861 | | | CenterState Bank Corp. | | | 881,463 | |
| | 39,506 | | | Chemical Financial Corp. | | | 1,851,251 | |
| | 5,512 | | | First Citizens BancShares, Inc. Class A | | | 2,351,585 | |
| | 73,777 | | | First Horizon National Corp. | | | 1,190,761 | |
| | 29,494 | | | First Interstate BancSystem, Inc. Class A | | | 1,222,821 | |
| | 37,629 | | | First Merchants Corp. | | | 1,565,743 | |
| | 91,578 | | | First Midwest Bancorp, Inc. | | | 2,102,631 | |
| | 43,865 | | | Heritage Financial Corp. | | | 1,435,263 | |
| | 21,783 | | | Lakeland Financial Corp. | | | 937,323 | |
| | 52,370 | | | OceanFirst Financial Corp. | | | 1,326,008 | |
| | 21,210 | | | Union Bankshares Corp. | | | 724,109 | |
| | 60,632 | | | United Community Banks, Inc. | | | 1,507,918 | |
| | 23,834 | | | Westamerica Bancorp(1) | | | 1,387,377 | |
| | 38,756 | | | Western Alliance Bancorp* | | | 1,869,589 | |
| | | | | | | | |
| | | | | | | 20,353,842 | |
| | | | | | | | |
| | | | Capital Goods - 10.2% | |
| | 16,515 | | | Dycom Industries, Inc.* | | | 1,121,038 | |
| | 31,402 | | | EnPro Industries, Inc. | | | 1,953,204 | |
| | 23,917 | | | ESCO Technologies, Inc. | | | 1,464,199 | |
| | 15,316 | | | Fortune Brands Home & Security, Inc. | | | 686,616 | |
| | 14,280 | | | Franklin Electric Co., Inc. | | | 605,758 | |
| | 28,207 | | | Generac Holdings, Inc.* | | | 1,430,941 | |
| | 33,967 | | | Hexcel Corp. | | | 1,987,749 | |
| | 12,127 | | | IDEX Corp. | | | 1,537,946 | |
| | 40,819 | | | MasTec, Inc.* | | | 1,776,035 | |
| | 63,445 | | | REV Group, Inc.(1) | | | 692,185 | |
| | 12,500 | | | Simpson Manufacturing Co., Inc. | | | 713,500 | |
| | 54,455 | | | Univar, Inc.* | | | 1,340,682 | |
| | 14,558 | | | Valmont Industries, Inc. | | | 1,809,705 | |
| | | | | | | | |
| | | | | | | 17,119,558 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 2.6% | |
| | 71,162 | | | Advanced Disposal Services, Inc.* | | | 1,927,778 | |
| | 22,886 | | | ASGN, Inc.* | | | 1,535,193 | |
| | 23,142 | | | Covanta Holding Corp. | | | 339,956 | |
| | 27,641 | | | Knoll, Inc. | | | 548,674 | |
| | | | | | | | |
| | | | | | | 4,351,601 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 4.9% | |
| | 42,086 | | | Brunswick Corp. | | | 2,188,051 | |
| | 9,087 | | | Cavco Industries, Inc.* | | | 1,822,943 | |
| | 24,563 | | | Oxford Industries, Inc. | | | 2,185,616 | |
| | 64,620 | | | Steven Madden Ltd. | | | 2,020,667 | |
| | | | | | | | |
| | | | | | | 8,217,277 | |
| | | | | | | | |
| | | | Consumer Services - 6.0% | |
| | 41,048 | | | Cheesecake Factory, Inc. | | | 1,984,260 | |
| | 128,782 | | | Del Frisco’s Restaurant Group, Inc.* | | | 869,279 | |
| | 87,668 | | | Extended Stay America, Inc. | | | 1,427,235 | |
| | 2,477 | | | Graham Holdings Co. Class B | | | 1,439,261 | |
| | 46,401 | | | PlayAGS, Inc.* | | | 1,125,224 | |
| | 64,787 | | | Red Rock Resorts, Inc. Class A | | | 1,499,171 | |
| | 41,233 | | | ServiceMaster Global Holdings, Inc.* | | | 1,768,071 | |
| | | | | | | | |
| | | | | | | 10,112,501 | |
| | | | | | | | |
| | | | Diversified Financials - 1.6% | |
| | 79,274 | | | Compass Diversified Holdings | | | 1,253,322 | |
| | 75,903 | | | Golub Capital BDC, Inc. | | | 1,400,410 | |
| | | | | | | | |
| | | | | | | 2,653,732 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 91.1% - (continued) | |
| | | | Energy - 2.9% | |
| | 88,576 | | | ProPetro Holding Corp.* | | $ | 1,563,366 | |
| | 108,309 | | | Solaris Oilfield Infrastructure, Inc. Class A* | | | 1,429,679 | |
| | 104,225 | | | SRC Energy, Inc.* | | | 737,913 | |
| | 35,387 | | | World Fuel Services Corp. | | | 1,132,384 | |
| | | | | | | | |
| | | | | | | 4,863,342 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.1% | |
| | 62,397 | | | Performance Food Group Co.* | | | 1,829,480 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.2% | |
| | 61,388 | | | Darling Ingredients, Inc.* | | | 1,268,276 | |
| | 28,976 | | | Hain Celestial Group, Inc.* | | | 720,923 | |
| | | | | | | | |
| | | | | | | 1,989,199 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 3.7% | |
| | 3,234 | | | Cooper Cos., Inc. | | | 835,375 | |
| | 21,659 | | | DENTSPLY SIRONA, Inc. | | | 750,051 | |
| | 31,389 | | | Invacare Corp. | | | 405,546 | |
| | 51,446 | | | K2M Group Holdings, Inc.* | | | 1,408,591 | |
| | 7,758 | | | Masimo Corp.* | | | 896,825 | |
| | 24,314 | | | Patterson Cos., Inc. | | | 549,010 | |
| | 6,942 | | | Teladoc Health, Inc.* | | | 481,358 | |
| | 8,238 | | | West Pharmaceutical Services, Inc. | | | 872,569 | |
| | | | | | | | |
| | | | | | | 6,199,325 | |
| | | | | | | | |
| | | | Insurance - 4.2% | |
| | 25,005 | | | AMERISAFE, Inc. | | | 1,627,576 | |
| | 75,040 | | | Brown & Brown, Inc. | | | 2,114,627 | |
| | 60,034 | | | National General Holdings Corp. | | | 1,672,547 | |
| | 11,764 | | | Reinsurance Group of America, Inc. | | | 1,674,841 | |
| | | | | | | | |
| | | | | | | 7,089,591 | |
| | | | | | | | |
| | | | Materials - 5.3% | |
| | 46,912 | | | Ardagh Group S.A. | | | 618,300 | |
| | 26,866 | | | Ashland Global Holdings, Inc. | | | 1,987,547 | |
| | 145,004 | | | Graphic Packaging Holding Co. | | | 1,596,494 | |
| | 63,970 | | | Pretium Resources, Inc.*(1) | | | 509,841 | |
| | 22,369 | | | Sensient Technologies Corp. | | | 1,450,853 | |
| | 23,636 | | | Steel Dynamics, Inc. | | | 935,985 | |
| | 86,129 | | | Valvoline, Inc. | | | 1,715,690 | |
| | | | | | | | |
| | | | | | | 8,814,710 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.0% | |
| | 58,597 | | | Cineplex, Inc.(1) | | | 1,615,318 | |
| | 30,179 | | | Hemisphere Media Group, Inc.* | | | 406,511 | |
| | 210,480 | | | MDC Partners, Inc. Class A* | | | 519,886 | |
| | 20,397 | | | Yelp, Inc.* | | | 873,399 | |
| | | | | | | | |
| | | | | | | 3,415,114 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 4.9% | |
| | 8,036 | | | Bio-Techne Corp. | | | 1,347,798 | |
| | 51,985 | | | Catalent, Inc.* | | | 2,097,075 | |
| | 14,726 | | | Evolus, Inc.* | | | 218,239 | |
| | 30,569 | | | Flexion Therapeutics, Inc.* | | | 413,904 | |
| | 24,433 | | | Intra-Cellular Therapies, Inc.* | | | 414,872 | |
| | 16,454 | | | Pacira Pharmaceuticals, Inc.* | | | 804,436 | |
| | 6,586 | | | Puma Biotechnology, Inc.* | | | 244,011 | |
| | 17,557 | | | Repligen Corp.* | | | 951,941 | |
| | 38,696 | | | Syneos Health, Inc.* | | | 1,765,699 | |
| | | | | | | | |
| | | | | | | 8,257,975 | |
| | | | | | | | |
| | | | Real Estate - 5.3% | |
| | 67,386 | | | Columbia Property Trust, Inc. REIT | | | 1,512,816 | |
| | 39,864 | | | CorePoint Lodging, Inc. REIT | | | 652,574 | |
| | 26,788 | | | Douglas Emmett, Inc. REIT | | | 969,458 | |
| | 20,853 | | | Equity LifeStyle Properties, Inc. REIT | | | 1,974,570 | |
| | 54,710 | | | Kennedy-Wilson Holdings, Inc. | | | 1,038,396 | |
| | 10,287 | | | Mid-America Apartment Communities, Inc. REIT | | | 1,005,143 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 91.1% - (continued) | |
| | | | Real Estate - 5.3% - (continued) | |
| | 48,771 | | | Terreno Realty Corp. REIT | | $ | 1,825,498 | |
| | | | | | | | |
| | | | | | | 8,978,455 | |
| | | | | | | | |
| | | | Retailing - 2.8% | |
| | 27,450 | | | Asbury Automotive Group, Inc.* | | | 1,786,995 | |
| | 44,700 | | | Caleres, Inc. | | | 1,528,740 | |
| | 67,833 | | | Hudson Ltd. Class A* | | | 1,433,990 | |
| | | | | | | | |
| | | | | | | 4,749,725 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 3.7% | |
| | 76,635 | | | Entegris, Inc. | | | 2,033,893 | |
| | 31,949 | | | Integrated Device Technology, Inc.* | | | 1,495,533 | |
| | 79,569 | | | ON Semiconductor Corp.* | | | 1,352,673 | |
| | 43,754 | | | Versum Materials, Inc. | | | 1,380,876 | |
| | | | | | | | |
| | | | | | | 6,262,975 | |
| | | | | | | | |
| | | | Software & Services - 8.8% | |
| | 15,706 | | | Cadence Design Systems, Inc.* | | | 700,016 | |
| | 12,876 | | | Carbonite, Inc.* | | | 440,488 | |
| | 46,541 | | | CoreLogic, Inc.* | | | 1,890,496 | |
| | 32,223 | | | CSG Systems International, Inc. | | | 1,131,027 | |
| | 12,800 | | | EPAM Systems, Inc.* | | | 1,529,216 | |
| | 10,938 | | | Fortinet, Inc.* | | | 898,885 | |
| | 18,103 | | | Leidos Holdings, Inc. | | | 1,172,712 | |
| | 29,030 | | | LiveRamp Holdings, Inc.* | | | 1,326,090 | |
| | 25,372 | | | Perficient, Inc.* | | | 634,808 | |
| | 25,528 | | | PTC, Inc.* | | | 2,103,763 | |
| | 18,101 | | | Science Applications International Corp. | | | 1,258,201 | |
| | 32,981 | | | WNS Holdings Ltd. ADR* | | | 1,655,316 | |
| | | | | | | | |
| | | | | | | 14,741,018 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 3.1% | |
| | 11,533 | | | Arrow Electronics, Inc.* | | | 780,899 | |
| | 90,411 | | | Ciena Corp.* | | | 2,826,248 | |
| | 70,659 | | | Extreme Networks, Inc.* | | | 392,157 | |
| | 19,398 | | | Novanta, Inc.* | | | 1,129,158 | |
| | | | | | | | |
| | | | | | | 5,128,462 | |
| | | | | | | | |
| | | | Transportation - 1.5% | |
| | 19,624 | | | Ryder System, Inc. | | | 1,085,403 | |
| | 27,859 | | | Spirit Airlines, Inc.* | | | 1,445,882 | |
| | | | | | | | |
| | | | | | | 2,531,285 | |
| | | | | | | | |
| | | | Utilities - 1.4% | |
| | 25,510 | | | IDACORP, Inc. | | | 2,379,063 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $124,779,704) | | $ | 153,050,305 | |
| | | | | | | | |
|
| EXCHANGE-TRADED FUNDS - 1.2% | |
| | | | Other Investment Pools & Funds - 1.2% | |
| | 13,464 | | | iShares Russell 2000 ETF(1) | | $ | 2,020,004 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds
(cost $2,236,858) | | $ | 2,020,004 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $127,016,562) | | $ | 155,070,309 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 9.5% | |
| | | | Other Investment Pools & Funds - 8.0% | |
| | 13,383,791 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 2.00%(2) | | $ | 13,383,791 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.5% | |
| | 124,083 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 124,083 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| SHORT-TERM INVESTMENTS - 9.5% - (continued) | |
| | | | Securities Lending Collateral - 1.5% - (continued) | |
| | 960,887 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | $ | 960,887 | |
| | 282,409 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 282,409 | |
| | 685,514 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | | 685,514 | |
| | 131,181 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 131,181 | |
| | 297,590 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 297,590 | |
| | | | | | | | |
| | | | | | | 2,481,664 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $15,865,455) | | $ | 15,865,455 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $142,882,017) | | | 101.8 | % | | $ | 170,935,764 | |
| | | | Other Assets and Liabilities | | | (1.8 | )% | | | (2,961,479 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 167,974,285 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
DDCA | | Dollars on Deposit in Custody Account |
ETF | | Exchange-Traded Fund |
REIT | | Real Estate Investment Trust |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 3,012,075 | | | $ | 3,012,075 | | | $ | — | | | $ | — | |
Banks | | | 20,353,842 | | | | 20,353,842 | | | | — | | | | — | |
Capital Goods | | | 17,119,558 | | | | 17,119,558 | | | | — | | | | — | |
Commercial & Professional Services | | | 4,351,601 | | | | 4,351,601 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 8,217,277 | | | | 8,217,277 | | | | — | | | | — | |
Consumer Services | | | 10,112,501 | | | | 10,112,501 | | | | — | | | | — | |
Diversified Financials | | | 2,653,732 | | | | 2,653,732 | | | | — | | | | — | |
Energy | | | 4,863,342 | | | | 4,863,342 | | | | — | | | | — | |
Food & Staples Retailing | | | 1,829,480 | | | | 1,829,480 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 1,989,199 | | | | 1,989,199 | | | | — | | | | — | |
Health Care Equipment & Services | | | 6,199,325 | | | | 6,199,325 | | | | — | | | | — | |
Insurance | | | 7,089,591 | | | | 7,089,591 | | | | — | | | | — | |
Materials | | | 8,814,710 | | | | 8,814,710 | | | | — | | | | — | |
Media & Entertainment | | | 3,415,114 | | | | 3,415,114 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 8,257,975 | | | | 8,257,975 | | | | — | | | | — | |
Real Estate | | | 8,978,455 | | | | 8,978,455 | | | | — | | | | — | |
Retailing | | | 4,749,725 | | | | 4,749,725 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 6,262,975 | | | | 6,262,975 | | | | — | | | | — | |
Software & Services | | | 14,741,018 | | | | 14,741,018 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 5,128,462 | | | | 5,128,462 | | | | — | | | | — | |
Transportation | | | 2,531,285 | | | | 2,531,285 | | | | — | | | | — | |
Utilities | | | 2,379,063 | | | | 2,379,063 | | | | — | | | | — | |
Exchange-Traded Funds | | | 2,020,004 | | | | 2,020,004 | | | | — | | | | — | |
Short-Term Investments | | | 15,865,455 | | | | 15,865,455 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 170,935,764 | | | $ | 170,935,764 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Schedule of Investments
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 89.3% | |
| | | | Automobiles & Components - 0.7% | |
| | 182,293 | | | BorgWarner, Inc. | | $ | 7,184,167 | |
| | | | | | | | |
| | | | Banks - 8.1% | |
| | 254,256 | | | CenterState Bank Corp. | | | 6,249,612 | |
| | 174,462 | | | Chemical Financial Corp. | | | 8,175,289 | |
| | 193,332 | | | Commerce Bancshares, Inc. | | | 12,295,915 | |
| | 94,429 | | | East West Bancorp, Inc. | | | 4,951,857 | |
| | 593,457 | | | First Horizon National Corp. | | | 9,578,396 | |
| | 40,982 | | | First Republic Bank | | | 3,728,952 | |
| | 319,727 | | | United Community Banks, Inc. | | | 7,951,611 | |
| | 114,253 | | | Webster Financial Corp. | | | 6,722,647 | |
| | 50,359 | | | Westamerica Bancorp(1) | | | 2,931,397 | |
| | 240,268 | | | Western Alliance Bancorp* | | | 11,590,528 | |
| | 183,271 | | | Zions Bancorporation | | | 8,622,901 | |
| | | | | | | | |
| | | | | | | 82,799,105 | |
| | | | | | | | |
| | | | Capital Goods - 10.7% | |
| | 146,636 | | | AGCO Corp. | | | 8,217,481 | |
| | 82,988 | | | Allison Transmission Holdings, Inc. | | | 3,658,111 | |
| | 23,434 | | | Carlisle Cos., Inc. | | | 2,263,490 | |
| | 126,481 | | | Dycom Industries, Inc.* | | | 8,585,530 | |
| | 317,169 | | | Fortune Brands Home & Security, Inc. | | | 14,218,686 | |
| | 494,297 | | | GrafTech International Ltd. | | | 8,838,030 | |
| | 219,984 | | | Hexcel Corp. | | | 12,873,464 | |
| | 60,558 | | | IDEX Corp. | | | 7,679,966 | |
| | 60,020 | | | Lennox International, Inc. | | | 12,657,618 | |
| | 158,803 | | | MasTec, Inc.* | | | 6,909,519 | |
| | 70,950 | | | Nordson Corp. | | | 8,703,436 | |
| | 157,106 | | | Owens Corning | | | 7,426,401 | |
| | 64,919 | | | Valmont Industries, Inc. | | | 8,070,081 | |
| | | | | | | | |
| | | | | | | 110,101,813 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 3.3% | |
| | 261,921 | | | KAR Auction Services, Inc. | | | 14,913,782 | |
| | 171,275 | | | Stericycle, Inc.* | | | 8,558,612 | |
| | 49,020 | | | Verisk Analytics, Inc.* | | | 5,874,557 | |
| | 65,342 | | | Waste Connections, Inc. | | | 4,994,742 | |
| | | | | | | | |
| | | | | | | 34,341,693 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 1.6% | |
| | 272,978 | | | Brunswick Corp. | | | 14,192,126 | |
| | 18,555 | | | PVH Corp. | | | 2,241,259 | |
| | | | | | | | |
| | | | | | | 16,433,385 | |
| | | | | | | | |
| | | | Consumer Services - 5.1% | |
| | 639,684 | | | Aramark | | | 22,977,449 | |
| | 574,968 | | | Extended Stay America, Inc. | | | 9,360,479 | |
| | 9,458 | | | Graham Holdings Co. Class B | | | 5,495,571 | |
| | 228,019 | | | Red Rock Resorts, Inc. Class A | | | 5,276,360 | |
| | 216,272 | | | ServiceMaster Global Holdings, Inc.* | | | 9,273,743 | |
| | | | | | | | |
| | | | | | | 52,383,602 | |
| | | | | | | | |
| | | | Diversified Financials - 2.3% | |
| | 45,076 | | | Affiliated Managers Group, Inc. | | | 5,123,338 | |
| | 278,149 | | | Ares Capital Corp. | | | 4,773,037 | |
| | 83,015 | | | Raymond James Financial, Inc. | | | 6,366,420 | |
| | 394,254 | | | Santander Consumer USA Holdings, Inc. | | | 7,392,263 | |
| | | | | | | | |
| | | | | | | 23,655,058 | |
| | | | | | | | |
| | | | Energy - 3.1% | |
| | 259,494 | | | Centennial Resource Development, Inc. Class A*(1) | | | 4,971,905 | |
| | 55,689 | | | Core Laboratories N.V. | | | 4,746,930 | |
| | 494,135 | | | Gulfport Energy Corp.* | | | 4,501,570 | |
| | 394,385 | | | Newfield Exploration Co.* | | | 7,966,577 | |
| | 398,105 | | | Parsley Energy, Inc. Class A* | | | 9,323,619 | |
| | | | | | | | |
| | | | | | | 31,510,601 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 89.3% - (continued) | |
| | | | Food & Staples Retailing - 1.2% | |
| | 420,926 | | | Performance Food Group Co.* | | $ | 12,341,550 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 0.4% | |
| | 177,188 | | | Hain Celestial Group, Inc.* | | | 4,408,437 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 5.2% | |
| | 37,451 | | | Cooper Cos., Inc. | | | 9,673,968 | |
| | 377,973 | | | DENTSPLY SIRONA, Inc. | | | 13,089,205 | |
| | 61,339 | | | Henry Schein, Inc.* | | | 5,091,137 | |
| | 169,960 | | | K2M Group Holdings, Inc.* | | | 4,653,505 | |
| | 45,732 | | | Masimo Corp.* | | | 5,286,619 | |
| | 49,802 | | | Universal Health Services, Inc. Class B | | | 6,053,931 | |
| | 89,880 | | | West Pharmaceutical Services, Inc. | | | 9,520,090 | |
| | | | | | | | |
| | | | | | | 53,368,455 | |
| | | | | | | | |
| | | | Household & Personal Products - 0.4% | |
| | 68,093 | | | Spectrum Brands Holdings, Inc. | | | 4,422,640 | |
| | | | | | | | |
| | | | Insurance - 5.1% | |
| | 194,768 | | | Arthur J Gallagher & Co. | | | 14,414,780 | |
| | 351,099 | | | Brown & Brown, Inc. | | | 9,893,970 | |
| | 102,591 | | | Reinsurance Group of America, Inc. | | | 14,605,881 | |
| | 19,696 | | | RenaissanceRe Holdings Ltd. | | | 2,406,063 | |
| | 137,053 | | | Torchmark Corp. | | | 11,602,907 | |
| | | | | | | | |
| | | | | | | 52,923,601 | |
| | | | | | | | |
| | | | Materials - 5.3% | |
| | 138,170 | | | Ashland Global Holdings, Inc. | | | 10,221,817 | |
| | 264,157 | | | Crown Holdings, Inc.* | | | 11,171,199 | |
| | 801,787 | | | Graphic Packaging Holding Co. | | | 8,827,675 | |
| | 68,677 | | | Reliance Steel & Aluminum Co. | | | 5,419,989 | |
| | 100,602 | | | Sensient Technologies Corp. | | | 6,525,046 | |
| | 71,289 | | | Steel Dynamics, Inc. | | | 2,823,044 | |
| | 490,335 | | | Valvoline, Inc. | | | 9,767,473 | |
| | | | | | | | |
| | | | | | | 54,756,243 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.4% | |
| | 2,380 | | | Cable One, Inc. | | | 2,131,861 | |
| | 87,320 | | | GCI Liberty, Inc. Class A* | | | 4,132,855 | |
| | 1,033,992 | | | TEGNA, Inc. | | | 11,932,268 | |
| | 161,551 | | | Yelp, Inc.* | | | 6,917,614 | |
| | | | | | | | |
| | | | | | | 25,114,598 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 3.2% | |
| | 382,301 | | | Catalent, Inc.* | | | 15,422,022 | |
| | 121,031 | | | Intra-Cellular Therapies, Inc.* | | | 2,055,106 | |
| | 131,828 | | | Pacira Pharmaceuticals, Inc.* | | | 6,445,071 | |
| | 101,351 | | | PerkinElmer, Inc. | | | 8,764,835 | |
| | | | | | | | |
| | | | | | | 32,687,034 | |
| | | | | | | | |
| | | | Real Estate - 6.6% | |
| | 67,992 | | | Alexandria Real Estate Equities, Inc. REIT | | | 8,310,662 | |
| | 584,580 | | | Brixmor Property Group, Inc. REIT | | | 9,470,196 | |
| | 119,721 | | | Douglas Emmett, Inc. REIT | | | 4,332,703 | |
| | 172,678 | | | Equity LifeStyle Properties, Inc. REIT | | | 16,350,880 | |
| | 193,923 | | | Lamar Advertising Co. Class A, REIT | | | 14,218,434 | |
| | 81,071 | | | Mid-America Apartment Communities, Inc. REIT | | | 7,921,447 | |
| | 46,698 | | | SBA Communications Corp. REIT* | | | 7,573,015 | |
| | | | | | | | |
| | | | | | | 68,177,337 | |
| | | | | | | | |
| | | | Retailing - 2.9% | |
| | 107,778 | | | Advance Auto Parts, Inc. | | | 17,218,613 | |
| | 190,268 | | | Nordstrom, Inc. | | | 12,513,927 | |
| | | | | | | | |
| | | | | | | 29,732,540 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 3.0% | |
| | 201,727 | | | Entegris, Inc. | | | 5,353,835 | |
| | 224,633 | | | Integrated Device Technology, Inc.* | | | 10,515,071 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 89.3% - (continued) | |
| | | | Semiconductors & Semiconductor Equipment - 3.0% - (continued) | |
| | 73,775 | | | Microchip Technology, Inc. | | $ | 4,852,919 | |
| | 575,850 | | | ON Semiconductor Corp.* | | | 9,789,450 | |
| | | | | | | | |
| | | | | | | 30,511,275 | |
| | | | | | | | |
| | | | Software & Services - 8.6% | |
| | 173,814 | | | Cadence Design Systems, Inc.* | | | 7,746,890 | |
| | 217,197 | | | CoreLogic, Inc.* | | | 8,822,542 | |
| | 9,930 | | | Gartner, Inc.* | | | 1,464,874 | |
| | 104,115 | | | Genpact Ltd. | | | 2,853,792 | |
| | 250,112 | | | Leidos Holdings, Inc. | | | 16,202,255 | |
| | 109,902 | | | PTC, Inc.* | | | 9,057,024 | |
| | 547,178 | | | Sabre Corp. | | | 13,487,938 | |
| | 88,852 | | | Synopsys, Inc.* | | | 7,954,919 | |
| | 214,320 | | | Teradata Corp.* | | | 7,801,248 | |
| | 89,740 | | | VeriSign, Inc.* | | | 12,791,540 | |
| | | | | | | | |
| | | | | | | 88,183,022 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 3.8% | |
| | 187,852 | | | Arrow Electronics, Inc.* | | | 12,719,459 | |
| | 416,652 | | | Ciena Corp.* | | | 13,024,542 | |
| | 186,814 | | | Dolby Laboratories, Inc. Class A | | | 12,854,671 | |
| | | | | | | | |
| | | | | | | 38,598,672 | |
| | | | | | | | |
| | | | Transportation - 3.1% | |
| | 169,811 | | | Alaska Air Group, Inc. | | | 10,429,791 | |
| | 82,121 | | | Kirby Corp.* | | | 5,907,785 | |
| | 90,216 | | | Ryder System, Inc. | | | 4,989,847 | |
| | 203,491 | | | Spirit Airlines, Inc.* | | | 10,561,183 | |
| | | | | | | | |
| | | | | | | 31,888,606 | |
| | | | | | | | |
| | | | Utilities - 3.2% | |
| | 236,954 | | | Alliant Energy Corp. | | | 10,184,283 | |
| | 98,903 | | | Evergy, Inc. | | | 5,537,579 | |
| | 81,750 | | | IDACORP, Inc. | | | 7,624,005 | |
| | 371,505 | | | NiSource, Inc. | | | 9,421,367 | |
| | | | | | | | |
| | | | | | | 32,767,234 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $869,364,770) | | $ | 918,290,668 | |
| | | | | | | | |
|
| EXCHANGE-TRADED FUNDS - 3.3% | |
| | | | Other Investment Pools & Funds - 3.3% | |
| | 143,393 | | | iShares Russell 2000 ETF(1) | | $ | 21,513,252 | |
| | 245,179 | | | iShares Russell Mid-Cap ETF(1) | | | 12,396,250 | |
| | | | | | | | |
| | | | | | | 33,909,502 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds
(cost $33,756,685) | | $ | 33,909,502 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $903,121,455) | | $ | 952,200,170 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 9.4% | |
| | | | Other Investment Pools & Funds - 7.3% | |
| | 74,982,267 | | | Morgan Stanley Institutional Liquidity, Funds Treasury Portfolio, Institutional Class, 2.00%(2) | | $ | 74,982,267 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 2.1% | |
| | 1,097,905 | | | Citibank NA DDCA, 2.19%, 11/1/2018(2) | | | 1,097,905 | |
| | 8,502,055 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.10%(2) | | | 8,502,055 | |
| | 2,498,795 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.06%(2) | | | 2,498,795 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 9.4% - (continued) | |
| | | | Securities Lending Collateral - 2.1% - (continued) | |
| | 6,065,518 | | | Invesco Government & Agency Portfolio, Institutional Class, 2.08%(2) | | $ | 6,065,518 | |
| | 1,160,712 | | | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.06%(2) | | | 1,160,712 | |
| | 2,633,115 | | | Western Asset Institutional Government Class A Fund, Institutional Class, 2.07%(2) | | | 2,633,115 | |
| | | | | | | | |
| | | | | | | 21,958,100 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $96,940,367) | | $ | 96,940,367 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $1,000,061,822) | | | 102.0 | % | | $ | 1,049,140,537 | |
| | | | Other Assets and Liabilities | | | (2.0 | )% | | | (21,025,333 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,028,115,204 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
| | |
| GLOSSARY: (abbreviations used in preceding Schedule of Investments) |
|
| Other Abbreviations: |
DDCA | | Dollars on Deposit in Custody Account |
ETF | | Exchange-Traded Fund |
REIT | | Real Estate Investment Trust |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small/Mid Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2018
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2018 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 7,184,167 | | | $ | 7,184,167 | | | $ | — | | | $ | — | |
Banks | | | 82,799,105 | | | | 82,799,105 | | | | — | | | | — | |
Capital Goods | | | 110,101,813 | | | | 110,101,813 | | | | — | | | | — | |
Commercial & Professional Services | | | 34,341,693 | | | | 34,341,693 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 16,433,385 | | | | 16,433,385 | | | | — | | | | — | |
Consumer Services | | | 52,383,602 | | | | 52,383,602 | | | | — | | | | — | |
Diversified Financials | | | 23,655,058 | | | | 23,655,058 | | | | — | | | | — | |
Energy | | | 31,510,601 | | | | 31,510,601 | | | | — | | | | — | |
Food & Staples Retailing | | | 12,341,550 | | | | 12,341,550 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 4,408,437 | | | | 4,408,437 | | | | — | | | | — | |
Health Care Equipment & Services | | | 53,368,455 | | | | 53,368,455 | | | | — | | | | — | |
Household & Personal Products | | | 4,422,640 | | | | 4,422,640 | | | | — | | | | — | |
Insurance | | | 52,923,601 | | | | 52,923,601 | | | | — | | | | — | |
Materials | | | 54,756,243 | | | | 54,756,243 | | | | — | | | | — | |
Media & Entertainment | | | 25,114,598 | | | | 25,114,598 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 32,687,034 | | | | 32,687,034 | | | | — | | | | — | |
Real Estate | | | 68,177,337 | | | | 68,177,337 | | | | — | | | | — | |
Retailing | | | 29,732,540 | | | | 29,732,540 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 30,511,275 | | | | 30,511,275 | | | | — | | | | — | |
Software & Services | | | 88,183,022 | | | | 88,183,022 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 38,598,672 | | | | 38,598,672 | | | | — | | | | — | |
Transportation | | | 31,888,606 | | | | 31,888,606 | | | | — | | | | — | |
Utilities | | | 32,767,234 | | | | 32,767,234 | | | | — | | | | — | |
Exchange-Traded Funds | | | 33,909,502 | | | | 33,909,502 | | | | — | | | | — | |
Short-Term Investments | | | 96,940,367 | | | | 96,940,367 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,049,140,537 | | | $ | 1,049,140,537 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2018, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
Global Strategic
Bond Fund | | |
Hartford
Schroders
International
Multi-Cap
Value Fund | |
Assets: | | | | | | | | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 3,012,800,849 | | | $ | 105,432,767 | | | $ | 62,443,732 | | | $ | 1,884,918,123 | |
Cash | | | — | | | | — | | | | 1,604,913 | | | | — | |
Cash collateral due from broker on futures contracts | | | — | | | | 73,072 | | | | 685,548 | | | | 3,433,000 | |
Cash collateral due from broker on swap contracts | | | — | | | | — | | | | 847,492 | | | | — | |
Foreign currency | | | 1,502,063 | | | | 38,463 | | | | 262,032 | | | | 2,495,468 | |
Unrealized appreciation on OTC swap contracts | | | — | | | | 30,358 | | | | 18,726 | | | | — | |
Unrealized appreciation on foreign currency contracts | | | — | | | | 2,039,722 | | | | 1,569,815 | | | | 72,363 | |
Receivables: | | | | | | | | | | | | | | | | |
Investment securities sold | | | 1,163,717 | | | | 4,635,098 | | | | 834 | | | | 54 | |
Fund shares sold | | | 14,158,503 | | | | 37,843 | | | | 148 | | | | 5,219,211 | |
Dividends and interest | | | 3,182,661 | | | | 1,838,123 | | | | 360,659 | | | | 5,327,917 | |
Securities lending income | | | 33,955 | | | | 1,697 | | | | 119 | | | | 70,941 | |
Tax reclaims | | | — | | | | 52,883 | | | | 16,628 | | | | 1,190,602 | |
Variation margin on futures contracts | | | — | | | | — | | | | 648,004 | | | | 2,208,950 | |
Variation margin on centrally cleared swap contracts | | | — | | | | — | | | | 60,954 | | | | — | |
OTC swap contracts premiums paid | | | — | | | | 5,383 | | | | 10,716 | | | | — | |
Other assets | | | 2,167,342 | | | | 100,322 | | | | 75,704 | | | | 377,823 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 3,035,009,090 | | | | 114,285,731 | | | | 68,606,024 | | | | 1,905,314,452 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | | — | | | | 1,560,553 | | | | 1,439,022 | | | | 1,016,069 | |
Bank overdraft | | | — | | | | 241,561 | | | | — | | | | 260,000 | |
Obligation to return securities lending collateral | | | 9,179,179 | | | | 5,535,813 | | | | — | | | | 33,929,393 | |
Unrealized depreciation on OTC swap contracts | | | — | | | | — | | | | 16,154 | | | | — | |
Payables: | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 14,420,779 | | | | 1,345,652 | | | | 2,103,502 | | | | — | |
Fund shares redeemed | | | 6,330,229 | | | | 324,217 | | | | 131,447 | | | | 2,450,977 | |
Investment management fees | | | 2,629,357 | | | | 63,384 | | | | 34,189 | | | | 1,128,633 | |
Transfer agent fees | | | 777,802 | | | | 11,917 | | | | 947 | | | | 263,024 | |
Accounting services fees | | | 46,564 | | | | 1,630 | | | | 932 | | | | 28,976 | |
Board of Directors’ fees | | | 12,437 | | | | 486 | | | | 256 | | | | 7,117 | |
Foreign taxes | | | 2,342,516 | | | | — | | | | — | | | | 199,922 | |
Distribution fees | | | 3,194 | | | | 222 | | | | 32 | | | | 7,074 | |
Miscellaneous | | | — | | | | — | | | | 399,139 | | | | — | |
Written options | | | — | | | | — | | | | 209,099 | | | | — | |
Accrued expenses | | | 465,224 | | | | 62,501 | | | | 38,271 | | | | 149,217 | |
OTC swap contracts premiums received | | | — | | | | 94,814 | | | | 15,458 | | | | — | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 36,207,281 | | | | 9,242,750 | | | | 4,388,448 | | | | 39,440,402 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 2,998,801,809 | | | $ | 105,042,981 | | | $ | 64,217,576 | | | $ | 1,865,874,050 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 2,859,476,587 | | | $ | 116,865,017 | | | $ | 69,637,204 | | | $ | 2,006,621,486 | |
Distributable earnings | | | 139,325,222 | | | | (11,822,036 | ) | | | (5,419,628 | ) | | | (140,747,436 | ) |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 2,998,801,809 | | | $ | 105,042,981 | | | $ | 64,217,576 | | | $ | 1,865,874,050 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 805,000,000 | | | | 600,000,000 | | | | 600,000,000 | | | | 830,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 14.07 | | | $ | 8.79 | | | $ | 8.99 | | | $ | 8.97 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 14.89 | | | $ | 9.20 | | | $ | 9.41 | | | $ | 9.49 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 3,281,425 | | | | 385,492 | | | | 56,616 | | | | 7,500,146 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 46,162,412 | | | $ | 3,389,372 | | | $ | 508,716 | | | $ | 67,251,967 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 13.86 | | | $ | 8.74 | | | $ | 8.98 | | | $ | 8.90 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 520,847 | | | | 47,326 | | | | 6,411 | | | | 2,876,663 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 7,216,832 | | | $ | 413,659 | | | $ | 57,550 | | | $ | 25,613,684 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
Global Strategic
Bond Fund | | |
Hartford
Schroders
International
Multi-Cap
Value Fund | |
Class I: Net asset value per share | | $ | 14.06 | | | $ | 8.78 | | | $ | 9.05 | | | $ | 8.96 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 123,269,252 | | | | 4,163,170 | | | | 21,443 | | | | 97,654,467 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,733,270,309 | | | $ | 36,557,011 | | | $ | 194,101 | | | $ | 875,109,077 | |
| | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 13.98 | | | $ | 8.80 | | | $ | 9.05 | | | $ | 8.94 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 6,446 | | | | 1,157 | | | | 1,125 | | | | 68,595 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 90,142 | | | $ | 10,183 | | | $ | 10,180 | | | $ | 613,064 | |
| | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 14.02 | | | $ | 8.78 | | | $ | 9.05 | | | $ | 8.95 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 264,706 | | | | 1,163 | | | | 1,127 | | | | 146,574 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,710,087 | | | $ | 10,216 | | | $ | 10,202 | | | $ | 1,311,904 | |
| | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 14.07 | | | $ | 8.78 | | | $ | 9.05 | | | $ | 8.95 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 34,417 | | | | 1,167 | | | | 1,129 | | | | 2,510,786 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 484,141 | | | $ | 10,241 | | | $ | 10,215 | | | $ | 22,482,156 | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 14.09 | | | $ | 8.78 | | | $ | 9.07 | | | $ | 8.96 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 8,735,684 | | | | 110,458 | | | | 1,129 | | | | 9,041,477 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 123,082,254 | | | $ | 969,762 | | | $ | 10,243 | | | $ | 80,993,191 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 14.07 | | | $ | 8.78 | | | $ | 9.07 | | | $ | 8.97 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 10,966,787 | | | | 3,284,844 | | | | 1,123 | | | | 28,069,013 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 154,305,562 | | | $ | 28,841,572 | | | $ | 10,191 | | | $ | 251,677,480 | |
| | | | | | | | | | | | | | | | |
Class SDR:Net asset value per share | | $ | 14.10 | | | $ | 8.79 | | | $ | 8.98 | | | $ | 8.96 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 66,002,223 | | | | 3,964,792 | | | | 7,064,270 | | | | 60,390,331 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 930,480,070 | | | $ | 34,840,965 | | | $ | 63,406,178 | | | $ | 540,821,527 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 2,641,291,838 | | | $ | 109,995,474 | | | $ | 64,157,037 | | | $ | 2,073,285,390 | |
Cost of foreign currency | | $ | 1,504,562 | | | $ | 39,322 | | | $ | 254,015 | | | $ | 2,514,568 | |
Proceeds of written option contracts | | $ | — | | | $ | — | | | $ | 243,520 | | | $ | — | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 16,958,344 | | | $ | 5,225,877 | | | $ | — | | | $ | 39,223,807 | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
International
Stock Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | | | Hartford
Schroders US
Small/Mid Cap
Opportunities
Fund | |
Assets: | | | | | | | | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 226,664,464 | | | $ | 220,892,303 | | | $ | 170,935,764 | | | $ | 1,049,140,537 | |
Cash | | | 300 | | | | — | | | | — | | | | 34 | |
Cash collateral due from broker on futures contracts | | | — | | | | 21,200 | | | | 4 | | | | — | |
Foreign currency | | | 3,668 | | | | — | | | | 4,956 | | | | — | |
Receivables: | | | | | | | | | | | | | | | | |
Investment securities sold | | | 2,387,226 | | | | 11,073,814 | | | | 279,940 | | | | 17,597,291 | |
Fund shares sold | | | 925,728 | | | | 155,180 | | | | 59,534 | | | | 1,456,085 | |
Dividends and interest | | | 185,309 | | | | 1,915,291 | | | | 65,081 | | | | 490,819 | |
Securities lending income | | | 4,896 | | | | — | | | | 1,556 | | | | 5,570 | |
Tax reclaims | | | 347,989 | | | | — | | | | 985 | | | | — | |
Variation margin on futures contracts | | | — | | | | 50,186 | | | | — | | | | — | |
Other assets | | | 126,876 | | | | 75,870 | | | | 71,165 | | | | 76,899 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 230,646,456 | | | | 234,183,844 | | | | 171,418,985 | | | | 1,068,767,235 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Obligation to return securities lending collateral | | | 2,602,670 | | | | — | | | | 2,481,664 | | | | 21,958,100 | |
Payables: | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 2,786,500 | | | | 15,195,874 | | | | 649,076 | | | | — | |
Fund shares redeemed | | | 154,765 | | | | 50,813 | | | | 109,553 | | | | 17,635,471 | |
Investment management fees | | | 144,314 | | | | 84,426 | | | | 133,776 | | | | 759,612 | |
Transfer agent fees | | | 19,239 | | | | 31,443 | | | | 36,168 | | | | 197,416 | |
Accounting services fees | | | 3,464 | | | | 2,627 | | | | 2,081 | | | | 12,550 | |
Board of Directors’ fees | | | 871 | | | | 977 | | | | 800 | | | | 3,985 | |
Foreign taxes | | | 34,045 | | | | — | | | | — | | | | — | |
Distribution fees | | | 740 | | | | 1,843 | | | | 1,689 | | | | 14,834 | |
Accrued expenses | | | 44,269 | | | | 36,115 | | | | 29,893 | | | | 70,063 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 5,790,877 | | | | 15,404,118 | | | | 3,444,700 | | | | 40,652,031 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 224,855,579 | | | $ | 218,779,726 | | | $ | 167,974,285 | | | $ | 1,028,115,204 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 203,477,750 | | | $ | 216,054,025 | | | $ | 126,006,632 | | | $ | 961,434,547 | |
Distributable earnings | | | 21,377,829 | | | | 2,725,701 | | | | 41,967,653 | | | | 66,680,657 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 224,855,579 | | | $ | 218,779,726 | | | $ | 167,974,285 | | | $ | 1,028,115,204 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 610,000,000 | | | | 410,000,000 | | | | 600,000,000 | | | | 600,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 12.46 | | | $ | 10.66 | | | $ | 25.55 | | | $ | 13.68 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 13.19 | | | $ | 11.16 | | | $ | 27.04 | | | $ | 14.48 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 901,364 | | | | 2,363,515 | | | | 547,057 | | | | 7,054,500 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 11,233,503 | | | $ | 25,186,126 | | | $ | 13,976,415 | | | $ | 96,491,251 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 11.90 | | | $ | 10.65 | | | $ | 26.20 | | | $ | 13.97 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 153,238 | | | | 452,330 | | | | 263,053 | | | | 4,800,199 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,823,839 | | | $ | 4,818,931 | | | $ | 6,892,483 | | | $ | 67,036,917 | |
| | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 12.09 | | | $ | 10.67 | | | $ | 26.71 | | | $ | 14.24 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 10,711,278 | | | | 11,274,069 | | | | 4,107,132 | | | | 45,559,059 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 129,527,865 | | | $ | 120,282,017 | | | $ | 109,710,090 | | | $ | 648,970,661 | |
| | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 12.08 | | | $ | — | | | $ | 26.53 | | | $ | 14.09 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 967 | | | | — | | | | 2,502 | | | | 67,450 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 11,682 | | | $ | — | | | $ | 66,389 | | | $ | 950,318 | |
| | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 12.09 | | | $ | — | | | $ | 26.68 | | | $ | 14.17 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 966 | | | | — | | | | 404 | | | | 54,677 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 11,682 | | | $ | — | | | $ | 10,777 | | | $ | 774,970 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
International
Stock Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | | | Hartford
Schroders US
Small/Mid Cap
Opportunities
Fund | |
Class R5: Net asset value per share | | $ | 12.10 | | | $ | — | | | $ | 26.70 | | | $ | 14.24 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 968 | | | | — | | | | 729 | | | | 130,936 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 11,713 | | | $ | — | | | $ | 19,461 | | | $ | 1,863,954 | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 12.11 | | | $ | 10.67 | | | $ | 26.73 | | | $ | 14.24 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 469,958 | | | | 20,036 | | | | 879,305 | | | | 7,629,817 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 5,692,500 | | | $ | 213,790 | | | $ | 23,506,610 | | | $ | 108,679,888 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 12.10 | | | $ | 10.67 | | | $ | 26.74 | | | $ | 14.25 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 760,456 | | | | 814,234 | | | | 106,225 | | | | 3,188,625 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 9,204,138 | | | $ | 8,689,175 | | | $ | 2,840,525 | | | $ | 45,448,966 | |
| | | | | | | | | | | | | | | | |
Class SDR:Net asset value per share | | $ | 12.10 | | | $ | 10.66 | | | $ | 26.78 | | | $ | 14.28 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 5,563,356 | | | | 5,588,134 | | | | 408,989 | | | | 4,054,749 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 67,338,657 | | | $ | 59,589,687 | | | $ | 10,951,535 | | | $ | 57,898,279 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 222,014,253 | | | $ | 220,818,013 | | | $ | 142,882,017 | | | $ | 1,000,061,822 | |
Cost of foreign currency | | $ | 3,662 | | | $ | — | | | $ | 4,973 | | | $ | — | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 3,427,704 | | | $ | — | | | $ | 2,561,841 | | | $ | 23,856,412 | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations
For the Year Ended October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
Global Strategic
Bond Fund | | | Hartford
Schroders
International
Multi-Cap
Value Fund | |
Investment Income: | | | | | | | | | | | | | | | | |
Dividends | | $ | 83,899,740 | | | $ | — | | | $ | — | | | $ | 66,602,223 | |
Dividends from affiliated investment companies | | | — | | | | — | | | | 598 | | | | — | |
Interest | | | 994,449 | | | | 7,179,805 | | | | 1,907,091 | | | | 1,236,232 | |
Securities lending | | | 252,004 | | | | 16,594 | | | | 1,773 | | | | 554,449 | |
Less: Foreign tax withheld | | | (10,175,797 | ) | | | (29,716 | ) | | | (2,456 | ) | | | (6,186,899 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 74,970,396 | | | | 7,166,683 | | | | 1,907,006 | | | | 62,206,005 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 30,725,834 | | | | 767,165 | | | | 401,715 | | | | 12,827,817 | |
Administrative services fees | | | | | | | | | | | | | | | | |
Class R3 | | | 124 | | | | 50 | | | | 22 | | | | 793 | |
Class R4 | | | 998 | | | | 15 | | | | 15 | | | | 1,126 | |
Class R5 | | | 378 | | | | 11 | | | | 11 | | | | 21,258 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 64,789 | | | | 3,169 | | | | 626 | | | | 64,483 | |
Class C | | | 6,923 | | | | 714 | | | | 93 | | | | 25,517 | |
Class I | | | 2,923,946 | | | | 22,065 | | | | 93 | | | | 827,474 | |
Class R3 | | | 13 | | | | 4 | | | | 2 | | | | 68 | |
Class R4 | | | 29 | | | | 2 | | | | 2 | | | | 138 | |
Class R5 | | | 60 | | | | 2 | | | | 2 | | | | 458 | |
Class Y | | | 27,821 | | | | 69 | | | | 6 | | | | 16,324 | |
Class F | | | 826 | | | | 79 | | | | — | | | | 3,728 | |
Class SDR | | | 2,222 | | | | 234 | | | | 81 | | | | 21,704 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 134,997 | | | | 8,306 | | | | 1,145 | | | | 160,896 | |
Class C | | | 63,000 | | | | 3,263 | | | | 377 | | | | 251,943 | |
Class R3 | | | 309 | | | | 123 | | | | 51 | | | | 1,983 | |
Class R4 | | | 1,662 | | | | 26 | | | | 26 | | | | 1,876 | |
Custodian fees | | | 603,937 | | | | 33,442 | | | | 16,085 | | | | 190,164 | |
Registration and filing fees | | | 273,493 | | | | 142,126 | | | | 123,048 | | | | 302,520 | |
Accounting services fees | | | 544,065 | | | | 19,727 | | | | 10,956 | | | | 322,582 | |
Board of Directors’ fees | | | 87,800 | | | | 3,248 | | | | 1,739 | | | | 51,885 | |
Audit fees | | | 44,778 | | | | 39,671 | | | | 38,098 | | | | 60,722 | |
Other expenses | | | 484,715 | | | | 23,975 | | | | 16,962 | | | | 186,260 | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers and fees paid indirectly) | | | 35,992,719 | | | | 1,067,486 | | | | 611,155 | | | | 15,341,719 | |
Expense waivers | | | — | | | | (202,362 | ) | | | (219,153 | ) | | | (502,797 | ) |
Distribution fee reimbursements | | | (494 | ) | | | (477 | ) | | | (172 | ) | | | (269 | ) |
| | | | | | | | | | | | | | | | |
Total waivers and fees paid indirectly | | | (494 | ) | | | (202,839 | ) | | | (219,325 | ) | | | (503,066 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 35,992,225 | | | | 864,647 | | | | 391,830 | | | | 14,838,653 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 38,978,171 | | | | 6,302,036 | | | | 1,515,176 | | | | 47,367,352 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | |
Net realized gain (loss) on investments | | | 327,650 | | | | (8,524,456 | ) | | | (1,097,038 | ) | | | 48,537,642 | |
Less: Foreign taxes paid on realized capital gains | | | (43,456 | ) | | | (14,560 | ) | | | — | | | | — | |
Net realized gain (loss) on investments in affiliated investment companies | | | — | | | | — | | | | (1,030 | ) | | | — | |
Net realized gain (loss) on purchased options contracts | | | — | | | | — | | | | 99,345 | | | | — | |
Net realized gain (loss) on futures contracts | | | — | | | | (87,330 | ) | | | 587,324 | | | | (782,710 | ) |
Net realized gain (loss) on written options contracts | | | — | | | | — | | | | 193,710 | | | | — | |
Net realized gain (loss) on swap contracts | | | — | | | | (133,478 | ) | | | 552,299 | | | | — | |
Net realized gain (loss) on foreign currency contracts | | | — | | | | (270,316 | ) | | | 1,232,193 | | | | 4,856,436 | |
Net realized gain (loss) on other foreign currency transactions | | | (1,178,570 | ) | | | 554,923 | | | | — | | | | (1,276,293 | ) |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | (894,376 | ) | | | (8,475,217 | ) | | | 1,566,803 | | | | 51,335,075 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)
For the Year Ended October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
Global Strategic
Bond Fund | | | Hartford
Schroders
International
Multi-Cap
Value Fund | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | |
Net unrealized appreciation (depreciation) of investments | | $ | (467,975,466 | ) | | $ | (5,175,435 | ) | | $ | (2,044,385 | ) | | $ | (281,731,690 | ) |
Net unrealized appreciation (depreciation) of investments in affiliated investment companies | | | — | | | | — | | | | 161 | | | | — | |
Net unrealized appreciation (depreciation) of purchased options contracts | | | — | | | | — | | | | (321,607 | ) | | | — | |
Net unrealized appreciation (depreciation) of futures contracts | | | — | | | | — | | | | (22,845 | ) | | | (1,284,455 | ) |
Net unrealized appreciation (depreciation) of written options contracts | | | — | | | | — | | | | 16,383 | | | | — | |
Net unrealized appreciation (depreciation) of swap contracts | | | — | | | | 30,358 | | | | (107,541 | ) | | | — | |
Net unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | 425,954 | | | | (313,008 | ) | | | (1,082,716 | ) |
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies | | | (53,160 | ) | | | 3,042 | | | | 25,104 | | | | (109,681 | ) |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | (468,028,626 | ) | | | (4,716,081 | ) | | | (2,767,738 | ) | | | (284,208,542 | ) |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | (468,923,002 | ) | | | (13,191,298 | ) | | | (1,200,935 | ) | | | (232,873,467 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | (429,944,831 | ) | | $ | (6,889,262 | ) | | $ | 314,241 | | | $ | (185,506,115 | ) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)
For the Year Ended October 31, 2018
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
International
Stock Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | | | Hartford
Schroders US
Small/Mid Cap
Opportunities
Fund | |
Investment Income: | | | | | | | | | | | | | | | | |
Dividends | | $ | 5,576,353 | | | $ | — | | | $ | 2,205,095 | | | $ | 11,318,477 | |
Interest | | | 68,550 | | | | 6,495,553 | | | | 224,475 | | | | 1,222,519 | |
Securities lending | | | 56,970 | | | | — | | | | 34,420 | | | | 109,562 | |
Less: Foreign tax withheld | | | (494,679 | ) | | | — | | | | (9,779 | ) | | | (33,901 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 5,207,194 | | | | 6,495,553 | | | | 2,454,211 | | | | 12,616,657 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 1,543,854 | | | | 1,055,814 | | | | 1,707,542 | | | | 8,306,998 | |
Administrative services fees | | | | | | | | | | | | | | | | |
Class R3 | | | 25 | | | | — | | | | 123 | | | | 1,539 | |
Class R4 | | | 19 | | | | — | | | | 17 | | | | 656 | |
Class R5 | | | 13 | | | | — | | | | 20 | | | | 959 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 8,506 | | | | 13,968 | | | | 18,532 | | | | 112,270 | |
Class C | | | 1,719 | | | | 3,839 | | | | 9,628 | | | | 69,153 | |
Class I | | | 58,588 | | | | 104,293 | | | | 110,287 | | | | 568,784 | |
Class R3 | | | 2 | | | | — | | | | 12 | | | | 154 | |
Class R4 | | | 2 | | | | — | | | | 2 | | | | 87 | |
Class R5 | | | 2 | | | | — | | | | 4 | | | | 185 | |
Class Y | | | 64 | | | | 48 | | | | 504 | | | | 14,760 | |
Class F | | | 10 | | | | 10 | | | | 45 | | | | 116 | |
Class SDR | | | 70 | | | | 818 | | | | 221 | | | | 1,568 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 19,681 | | | | 59,004 | | | | 31,081 | | | | 279,109 | |
Class C | | | 13,795 | | | | 51,373 | | | | 62,922 | | | | 630,667 | |
Class R3 | | | 63 | | | | — | | | | 309 | | | | 3,848 | |
Class R4 | | | 32 | | | | — | | | | 28 | | | | 1,092 | |
Custodian fees | | | 21,841 | | | | 3,654 | | | | 4,404 | | | | 5,561 | |
Registration and filing fees | | | 134,704 | | | | 114,540 | | | | 143,988 | | | | 236,024 | |
Accounting services fees | | | 37,053 | | | | 32,848 | | | | 26,562 | | | | 136,984 | |
Board of Directors’ fees | | | 5,908 | | | | 6,908 | | | | 5,555 | | | | 28,114 | |
Audit fees | | | 42,404 | | | | 38,293 | | | | 29,021 | | | | 29,815 | |
Other expenses | | | 40,761 | | | | 30,509 | | | | 38,159 | | | | 167,801 | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers and fees paid indirectly) | | | 1,929,116 | | | | 1,515,919 | | | | 2,188,966 | | | | 10,596,244 | |
Expense waivers | | | (177,343 | ) | | | (322,382 | ) | | | (154,619 | ) | | | (106,980 | ) |
Distribution fee reimbursements | | | (144 | ) | | | (66 | ) | | | (847 | ) | | | (2,029 | ) |
| | | | | | | | | | | | | | | | |
Total waivers and fees paid indirectly | | | (177,487 | ) | | | (322,448 | ) | | | (155,466 | ) | | | (109,009 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 1,751,629 | | | | 1,193,471 | | | | 2,033,500 | | | | 10,487,235 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 3,455,565 | | | | 5,302,082 | | | | 420,711 | | | | 2,129,422 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | |
Net realized gain (loss) on investments | | | 19,627,531 | | | | 1,994,604 | | | | 14,386,731 | | | | 18,418,570 | |
Less: Foreign taxes paid on realized capital gains | | | (6,543 | ) | | | — | | | | — | | | | — | |
Net realized gain (loss) on redemptions-in-kind | | | — | | | | — | | | | 663,393 | | | | — | |
Net realized gain (loss) on futures contracts | | | — | | | | 292,461 | | | | — | | | | — | |
Net realized gain (loss) on foreign currency contracts | | | (271 | ) | | | — | | | | — | | | | — | |
Net realized gain (loss) on other foreign currency transactions | | | (25,061 | ) | | | — | | | | 1,003 | | | | 614 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 19,595,656 | | | | 2,287,065 | | | | 15,051,127 | | | | 18,419,184 | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions: | | | | | | | | | | | | | | | | |
Net unrealized appreciation (depreciation) of investments | | | (40,465,127 | ) | | | (11,416,242 | ) | | | (14,654,684 | ) | | | (33,025,099 | ) |
Net unrealized appreciation (depreciation) of futures contracts | | | — | | | | (49,416 | ) | | | — | | | | — | |
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies | | | (13,027 | ) | | | — | | | | (24 | ) | | | — | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | (40,478,154 | ) | | | (11,465,658 | ) | | | (14,654,708 | ) | | | (33,025,099 | ) |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | (20,882,498 | ) | | | (9,178,593 | ) | | | 396,419 | | | | (14,605,915 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | (17,426,933 | ) | | $ | (3,876,511 | ) | | $ | 817,130 | | | $ | (12,476,493 | ) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Hartford Schroders Emerging
Markets Equity Fund | | | Hartford Schroders Emerging
Markets Multi-Sector Bond Fund | | | Hartford Schroders Global
Strategic Bond Fund | |
| | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | |
Operations: | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 38,978,171 | | | $ | 22,495,147 | | | $ | 6,302,036 | | | $ | 3,904,688 | | | $ | 1,515,176 | | | $ | 1,278,196 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | (894,376 | ) | | | (1,360,628 | ) | | | (8,475,217 | ) | | | 2,899,983 | | | | 1,566,803 | | | | (2,568,773 | ) |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (468,028,626 | ) | | | 596,652,886 | | | | (4,716,081 | ) | | | (1,017,822 | ) | | | (2,767,738 | ) | | | 2,666,066 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (429,944,831 | ) | | | 617,787,405 | | | | (6,889,262 | ) | | | 5,786,849 | | | | 314,241 | | | | 1,375,489 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | | | | | | | | | | | | | | | | | | | | | | |
From distributable earnings: | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | (329,454 | ) | | | (270,156 | ) | | | (152,273 | ) | | | (129,281 | ) | | | (5,617 | ) | | | (3,337 | ) |
Class C | | | (19,052 | ) | | | (1,862 | ) | | | (11,972 | ) | | | (1,889 | ) | | | (325 | ) | | | (272 | ) |
Class I | | | (15,686,234 | ) | | | (9,227,775 | ) | | | (1,178,698 | ) | | | (652,892 | ) | | | (1,980 | ) | | | (337 | ) |
Class R3 | | | (237 | ) | | | (78 | ) | | | (1,169 | ) | | | (650 | ) | | | (116 | ) | | | (283 | ) |
Class R4 | | | (985 | ) | | | (84 | ) | | | (515 | ) | | | (663 | ) | | | (121 | ) | | | (290 | ) |
Class R5 | | | (113 | ) | | | (89 | ) | | | (525 | ) | | | (681 | ) | | | (125 | ) | | | (300 | ) |
Class Y | | | (957,311 | ) | | | (91 | ) | | | (27,778 | ) | | | (2,238 | ) | | | (131 | ) | | | (301 | ) |
Class F | | | (413,171 | ) | | | — | | | | (1,417,097 | ) | | | (447 | ) | | | (133 | ) | | | — | |
Class SDR | | | (6,831,611 | ) | | | (5,074,710 | ) | | | (2,676,307 | ) | | | (3,610,773 | ) | | | (792,659 | ) | | | (2,112,250 | ) |
From return of capital: | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | — | | | | — | | | | (73,154 | ) | | | — | | | | — | | | | (412 | ) |
Class C | | | — | | | | — | | | | (5,752 | ) | | | — | | | | — | | | | (33 | ) |
Class I | | | — | | | | — | | | | (566,263 | ) | | | — | | | | — | | | | (42 | ) |
Class R3 | | | — | | | | — | | | | (562 | ) | | | — | | | | — | | | | (35 | ) |
Class R4 | | | — | | | | — | | | | (247 | ) | | | — | | | | — | | | | (36 | ) |
Class R5 | | | — | | | | — | | | | (252 | ) | | | — | | | | — | | | | (37 | ) |
Class Y | | | — | | | | — | | | | (13,345 | ) | | | — | | | | — | | | | (37 | ) |
Class F | | �� | — | | | | — | | | | (680,794 | ) | | | — | | | | — | | | | — | |
Class SDR | | | — | | | | — | | | | (1,285,735 | ) | | | — | | | | — | | | | (260,585 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (24,238,168 | ) | | | (14,574,845 | ) | | | (8,092,438 | ) | | | (4,399,514 | ) | | | (801,207 | ) | | | (2,378,587 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | | | | | | | | | |
Sold | | | 1,549,995,802 | | | | 1,320,423,954 | | | | 79,202,863 | | | | 13,893,815 | | | | 10,053,780 | | | | 6,137,138 | |
Issued in merger | | | — | | | | — | | | | 29,377,678 | | | | — | | | | — | | | | — | |
Issued on reinvestment of distributions | | | 13,539,981 | | | | 9,850,470 | | | | 6,560,103 | | | | 2,745,773 | | | | 801,207 | | | | 2,378,587 | |
Redeemed | | | (866,104,626 | ) | | | (798,931,394 | ) | | | (70,344,671 | ) | | | (4,991,648 | ) | | | (6,215,960 | ) | | | (17,967,161 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 697,431,157 | | | | 531,343,030 | | | | 44,795,973 | | | | 11,647,940 | | | | 4,639,027 | | | | (9,451,436 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 243,248,158 | | | | 1,134,555,590 | | | | 29,814,273 | | | | 13,035,275 | | | | 4,152,061 | | | | (10,454,534 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | 2,755,553,651 | | | | 1,620,998,061 | | | | 75,228,708 | | | | 62,193,433 | | | | 60,065,515 | | | | 70,520,049 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 2,998,801,809 | | | $ | 2,755,553,651 | | | $ | 105,042,981 | | | $ | 75,228,708 | | | $ | 64,217,576 | | | $ | 60,065,515 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Hartford Schroders
International Multi-Cap Value Fund | | | Hartford Schroders
International Stock Fund | | | Hartford Schroders
Tax-Aware Bond Fund | |
| | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | | | For the
Year Ended
October 31,
2018 | | | For the
Year Ended
October 31,
2017 | |
Operations: | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 47,367,352 | | | $ | 19,904,412 | | | $ | 3,455,565 | | | $ | 2,230,919 | | | $ | 5,302,082 | | | $ | 4,126,787 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 51,335,075 | | | | 33,062,515 | | | | 19,595,656 | | | | 1,732,975 | | | | 2,287,065 | | | | 281,929 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (284,208,542 | ) | | | 96,194,695 | | | | (40,478,154 | ) | | | 35,613,719 | | | | (11,465,658 | ) | | | (427,927 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (185,506,115 | ) | | | 149,161,622 | | | | (17,426,933 | ) | | | 39,577,613 | | | | (3,876,511 | ) | | | 3,980,789 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | | (2,195,964 | ) | | | (609,559 | ) | | | (67,385 | ) | | | (45,213 | ) | | | (492,532 | ) | | | (294,438 | ) |
Class C | | | (629,055 | ) | | | (80,568 | ) | | | (6,200 | ) | | | (154 | ) | | | (61,024 | ) | | | (20,906 | ) |
Class I | | | (32,971,085 | ) | | | (8,600,005 | ) | | | (1,432,922 | ) | | | (1,382,174 | ) | | | (3,137,508 | ) | | | (2,655,736 | ) |
Class R3 | | | (9,338 | ) | | | (879 | ) | | | (128 | ) | | | (161 | ) | | | — | | | | — | |
Class R4 | | | (26,732 | ) | | | (3,637 | ) | | | (136 | ) | | | (167 | ) | | | — | | | | — | |
Class R5 | | | (750,152 | ) | | | (120,710 | ) | | | (154 | ) | | | (173 | ) | | | — | | | | — | |
Class Y | | | (1,136,472 | ) | | | (420,640 | ) | | | (3,966 | ) | | | (174 | ) | | | (4,968 | ) | | | (240 | ) |
Class F | | | (6,809,592 | ) | | | (777,241 | ) | | | (18,362 | ) | | | — | | | | (133,857 | ) | | | (8,412 | ) |
Class SDR | | | (20,372,316 | ) | | | (5,991,939 | ) | | | (816,782 | ) | | | (1,152,755 | ) | | | (1,519,589 | ) | | | (1,611,853 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions | | | (64,900,706 | ) | | | (16,605,178 | ) | | | (2,346,035 | ) | | | (2,580,971 | ) | | | (5,349,478 | ) | | | (4,591,585 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | | | | | | | | | |
Sold | | | 1,230,550,836 | | | | 1,123,690,242 | | | | 124,402,649 | | | | 41,676,014 | | | | 67,286,843 | | | | 142,241,870 | |
Issued in merger | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Issued on reinvestment of distributions | | | 57,364,742 | | | | 14,839,386 | | | | 2,300,768 | | | | 2,528,482 | | | | 3,770,799 | | | | 3,136,116 | |
Redeemed | | | (531,885,780 | ) | | | (343,599,544 | ) | | | (83,034,179 | ) | | | (30,497,853 | ) | | | (91,564,986 | ) | | | (53,285,396 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 756,029,798 | | | | 794,930,084 | | | | 43,669,238 | | | | 13,706,643 | | | | (20,507,344 | ) | | | 92,092,590 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 505,622,977 | | | | 927,486,528 | | | | 23,896,270 | | | | 50,703,285 | | | | (29,733,333 | ) | | | 91,481,794 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | 1,360,251,073 | | | | 432,764,545 | | | | 200,959,309 | | | | 150,256,024 | | | | 248,513,059 | | | | 157,031,265 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
End of period | | $ | 1,865,874,050 | | | $ | 1,360,251,073 | | | $ | 224,855,579 | | | $ | 200,959,309 | | | $ | 218,779,726 | | | $ | 248,513,059 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose the Funds’ undistributed net investment income within the Funds’ Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford Schroders US Small
Cap Opportunities Fund | | | Hartford Schroders US
Small/Mid Cap Opportunities Fund | |
| | | For the Year
Ended
October 31,
2018 | | | For the Year
Ended
October 31,
2017 | | | For the Year
Ended
October 31,
2018 | | | For the Year
Ended
October 31,
2017 | |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 420,711 | | | $ | 235,564 | | | $ | 2,129,422 | | | $ | 313,968 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 15,051,127 | | | | 16,476,296 | | | | 18,419,184 | | | | 10,984,991 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (14,654,708 | ) | | | 17,176,966 | | | | (33,025,099 | ) | | | 66,489,483 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 817,130 | | | | 33,888,826 | | | | (12,476,493 | ) | | | 77,788,442 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders:(1) | | | | | | | | | | | | | | | | |
Class A | | | (882,548 | ) | | | (199,835 | ) | | | (1,736,041 | ) | | | (791,684 | ) |
Class C | | | (389,798 | ) | | | (30,988 | ) | | | (735,465 | ) | | | (45,016 | ) |
Class I | | | (10,752,603 | ) | | | (7,180,932 | ) | | | (9,941,376 | ) | | | (3,786,640 | ) |
Class R3 | | | (4,486 | ) | | | (580 | ) | | | (4,885 | ) | | | (493 | ) |
Class R4 | | | (893 | ) | | | (586 | ) | | | (3,987 | ) | | | (231 | ) |
Class R5 | | | (1,510 | ) | | | (816 | ) | | | (782 | ) | | | (316 | ) |
Class Y | | | (2,198,416 | ) | | | (594 | ) | | | (197,570 | ) | | | (181 | ) |
Class F | | | (145,891 | ) | | | — | | | | (207,551 | ) | | | — | |
Class SDR | | | (2,684,876 | ) | | | (395,039 | ) | | | (417,154 | ) | | | (95,790 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (17,061,021 | ) | | | (7,809,370 | ) | | | (13,244,811 | ) | | | (4,720,351 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Sold | | | 45,827,567 | | | | 115,079,181 | | | | 599,268,981 | | | | 685,187,154 | |
Issued in merger | | | — | | | | — | | | | — | | | | — | |
Issued on reinvestment of distributions | | | 16,050,612 | | | | 7,563,213 | | | | 11,791,664 | | | | 4,176,074 | |
Redemption-in-kind | | | (20,194,923 | ) | | | — | | | | — | | | | — | |
Redeemed | | | (64,015,086 | ) | | | (64,678,394 | ) | | | (384,949,495 | ) | | | (149,462,510 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (22,331,830 | ) | | | 57,964,000 | | | | 226,111,150 | | | | 539,900,718 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (38,575,721 | ) | | | 84,043,456 | | | | 200,389,846 | | | | 612,968,809 | |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 206,550,006 | | | | 122,506,550 | | | | 827,725,358 | | | | 214,756,549 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 167,974,285 | | | $ | 206,550,006 | | | $ | 1,028,115,204 | | | $ | 827,725,358 | |
| | | | | | | | | | | | | | | | |
| (1) | Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose the Funds’ undistributed net investment income within the Funds’ Statement of Changes in Net Assets. The presentation within the Funds’ Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information. |
The accompanying notes are an integral part of these financial statements.
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders Emerging Markets Equity Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 16.23 | | | $ | 0.16 | | | $ | (2.22 | ) | | $ | (2.06 | ) | | $ | (0.10 | ) | | $ | — | | | $ | — | | | $ | (0.10 | ) | | $ | 14.07 | | | | (12.79 | )% | | $ | 46,162 | | | | 1.45 | % | | | 1.45 | % | | | 0.98 | % | | | 24 | % |
C | | | 16.08 | | | | 0.07 | | | | (2.22 | ) | | | (2.15 | ) | | | (0.07 | ) | | | — | | | | — | | | | (0.07 | ) | | | 13.86 | | | | (13.44 | ) | | | 7,217 | | | | 2.19 | | | | 2.19 | | | | 0.45 | | | | 24 | |
I | | | 16.23 | | | | 0.19 | | | | (2.22 | ) | | | (2.03 | ) | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 14.06 | | | | (12.66 | ) | | | 1,733,270 | | | | 1.24 | | | | 1.24 | | | | 1.19 | | | | 24 | |
R3 | | | 16.20 | | | | 0.22 | | | | (2.30 | ) | | | (2.08 | ) | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 13.98 | | | | (12.99 | ) | | | 90 | | | | 1.80 | | | | 1.70 | | | | 1.36 | | | | 24 | |
R4 | | | 16.19 | | | | 0.05 | | | | (2.11 | ) | | | (2.06 | ) | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 14.02 | | | | (12.88 | ) | | | 3,710 | | | | 1.49 | | | | 1.48 | | | | 0.36 | | | | 24 | |
R5 | | | 16.23 | | | | 0.27 | | | | (2.29 | ) | | | (2.02 | ) | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 14.07 | | | | (12.56 | ) | | | 484 | | | | 1.20 | | | | 1.20 | | | | 1.69 | | | | 24 | |
Y | | | 16.25 | | | | 0.23 | | | | (2.24 | ) | | | (2.01 | ) | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 14.09 | | | | (12.48 | ) | | | 123,082 | | | | 1.11 | | | | 1.11 | | | | 1.43 | | | | 24 | |
F | | | 16.23 | | | | 0.30 | | | | (2.30 | ) | | | (2.00 | ) | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 14.07 | | | | (12.48 | ) | | | 154,306 | | | | 1.08 | | | | 1.08 | | | | 1.89 | | | | 24 | |
SDR | | | 16.26 | | | | 0.23 | | | | (2.23 | ) | | | (2.00 | ) | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 14.10 | | | | (12.46 | ) | | | 930,480 | | | | 1.08 | | | | 1.08 | | | | 1.43 | | | | 24 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 12.59 | | | $ | 0.10 | | | $ | 3.62 | | | $ | 3.72 | | | $ | (0.08 | ) | | $ | — | | | $ | — | | | $ | (0.08 | ) | | $ | 16.23 | | | | 29.83 | % | | $ | 53,107 | | | | 1.56 | % | | | 1.50 | % | | | 0.69 | % | | | 33 | % |
C | | | 12.58 | | | | 0.04 | | | | 3.57 | | | | 3.61 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 16.08 | | | | 29.00 | | | | 3,658 | | | | 2.25 | | | | 2.25 | | | | 0.25 | | | | 33 | |
I | | | 12.59 | | | | 0.14 | | | | 3.61 | | | | 3.75 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 16.23 | | | | 30.14 | | | | 1,848,368 | | | | 1.35 | | | | 1.25 | | | | 0.98 | | | | 33 | |
R3 | | | 12.58 | | | | 0.10 | | | | 3.62 | | | | 3.72 | | | | (0.10 | ) | | | — | | | | — | | | | (0.10 | ) | | | 16.20 | | | | 29.87 | | | | 13 | | | | 1.86 | | | | 1.48 | | | | 0.71 | | | | 33 | |
R4 | | | 12.58 | | | | 0.16 | | | | 3.56 | | | | 3.72 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 16.19 | | | | 29.86 | | | | 136 | | | | 1.52 | | | | 1.50 | | | | 1.11 | | | | 33 | |
R5 | | | 12.58 | | | | 0.13 | | | | 3.63 | | | | 3.76 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 16.23 | | | | 30.26 | | | | 13 | | | | 1.25 | | | | 1.20 | | | | 0.97 | | | | 33 | |
Y | | | 12.58 | | | | 0.26 | | | | 3.53 | | | | 3.79 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 16.25 | | | | 30.45 | | | | 97,758 | | | | 1.14 | | | | 1.14 | | | | 1.72 | | | | 33 | |
F(5) | | | 12.98 | | | | 0.16 | | | | 3.09 | | | | 3.25 | | | | — | | | | — | | | | — | | | | — | | | | 16.23 | | | | 25.04 | (6) | | | 42,462 | | | | 1.10 | (7) | | | 1.10 | (7) | | | 1.57 | (7) | | | 33 | |
SDR | | | 12.60 | | | | 0.15 | | | | 3.63 | | | | 3.78 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 16.26 | | | | 30.32 | | | | 710,039 | | | | 1.10 | | | | 1.10 | | | | 1.10 | | | | 33 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.56 | | | $ | 0.08 | | | $ | 1.02 | (8) | | $ | 1.10 | | | $ | (0.07 | ) | | $ | — | | | $ | — | | | $ | (0.07 | ) | | $ | 12.59 | | | | 9.59 | % | | $ | 38,918 | | | | 1.57 | % | | | 1.49 | % | | | 0.71 | % | | | 47 | % |
C(9) | | | 12.68 | | | | (0.01 | ) | | | (0.09 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(6) | | | 10 | | | | 2.06 | (7) | | | 2.06 | (7) | | | (2.06 | )(7) | | | 47 | |
I | | | 11.56 | | | | 0.10 | | | | 1.03 | (8) | | | 1.13 | | | | (0.10 | ) | | | — | | | | — | | | | (0.10 | ) | | | 12.59 | | | | 9.94 | | | | 1,020,291 | | | | 1.32 | | | | 1.24 | | | | 0.89 | | | | 47 | |
R3(9) | | | 12.68 | | | | (0.01 | ) | | | (0.09 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(6) | | | 10 | | | | 1.75 | (7) | | | 1.75 | (7) | | | (1.75 | )(7) | | | 47 | |
R4(9) | | | 12.68 | | | | (0.01 | ) | | | (0.09 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(6) | | | 10 | | | | 1.46 | (7) | | | 1.46 | (7) | | | (1.46 | )(7) | | | 47 | |
R5(9) | | | 12.68 | | | | — | | | | (0.10 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(6) | | | 10 | | | | 1.17 | (7) | | | 1.17 | (7) | | | (1.16 | )(7) | | | 47 | |
Y(9) | | | 12.68 | | | | — | | | | (0.10 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(6) | | | 10 | | | | 1.06 | (7) | | | 1.06 | (7) | | | (1.06 | )(7) | | | 47 | |
SDR | | | 11.57 | | | | 0.12 | | | | 1.03 | (8) | | | 1.15 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 12.60 | | | | 10.10 | | | | 561,740 | | | | 1.18 | | | | 1.10 | | | | 1.05 | | | | 47 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 13.33 | | | $ | 0.10 | | | $ | (1.83 | )(8) | | $ | (1.73 | ) | | $ | (0.04 | ) | | $ | — | | | $ | — | | | $ | (0.04 | ) | | $ | 11.56 | | | | (13.01 | )% | | $ | 41,116 | | | | 1.57 | % | | | 1.49 | % | | | 0.76 | % | | | 55 | % |
I | | | 13.40 | | | | 0.13 | | | | (1.85 | )(8) | | | (1.72 | ) | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 11.56 | | | | (12.88 | ) | | | 877,480 | | | | 1.33 | | | | 1.24 | | | | 1.05 | | | | 55 | |
SDR(10) | | | 12.60 | | | | 0.14 | | | | (1.17 | )(8) | | | (1.03 | ) | | | — | | | | — | | | | — | | | | — | | | | 11.57 | | | | (8.17 | )(6) | | | 351,836 | | | | 1.21 | (7) | | | 1.10 | (7) | | | 1.35 | (7) | | | 55 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 13.70 | | | $ | 0.08 | | | $ | (0.37 | )(8) | | $ | (0.29 | ) | | $ | (0.08 | ) | | $ | — | | | $ | — | | | $ | (0.08 | ) | | $ | 13.33 | | | | (2.08 | )% | | $ | 122,722 | | | | 1.50 | % | | | 1.49 | % | | | 0.61 | % | | | 58 | % |
I | | | 13.76 | | | | 0.12 | | | | (0.36 | )(8) | | | (0.24 | ) | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 13.40 | | | | (1.77 | ) | | | 1,135,896 | | | | 1.26 | | | | 1.24 | | | | 0.87 | | | | 58 | |
| | | | | | | | | |
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.98 | | | $ | 0.50 | | | $ | (1.02 | ) | | $ | (0.52 | ) | | $ | (0.32 | ) | | $ | (0.13 | ) | | $ | (0.22 | ) | | $ | (0.67 | ) | | $ | 8.79 | | | | (5.34 | )% | | $ | 3,389 | | | | 1.29 | % | | | 1.08 | % | | | 5.42 | % | | | 285 | % |
C | | | 9.95 | | | | 0.41 | | | | (1.01 | ) | | | (0.60 | ) | | | (0.28 | ) | | | (0.13 | ) | | | (0.20 | ) | | | (0.61 | ) | | | 8.74 | | | | (6.27 | ) | | | 414 | | | | 2.16 | | | | 1.90 | | | | 4.52 | | | | 285 | |
I | | | 9.97 | | | | 0.52 | | | | (1.02 | ) | | | (0.50 | ) | | | (0.34 | ) | | | (0.13 | ) | | | (0.22 | ) | | | (0.69 | ) | | | 8.78 | | | | (5.22 | ) | | | 36,557 | | | | 1.02 | | | | 0.85 | | | | 5.63 | | | | 285 | |
R3 | | | 9.97 | | | | 0.50 | | | | (1.03 | ) | | | (0.53 | ) | | | (0.30 | ) | | | (0.13 | ) | | | (0.21 | ) | | | (0.64 | ) | | | 8.80 | | | | (5.43 | ) | | | 10 | | | | 1.65 | | | | 1.25 | | | | 5.23 | | | | 285 | |
R4 | | | 9.97 | | | | 0.52 | | | | (1.03 | ) | | | (0.51 | ) | | | (0.33 | ) | | | (0.13 | ) | | | (0.22 | ) | | | (0.68 | ) | | | 8.78 | | | | (5.25 | ) | | | 10 | | | | 1.35 | | | | 0.92 | | | | 5.54 | | | | 285 | |
R5 | | | 9.97 | | | | 0.53 | | | | (1.03 | ) | | | (0.50 | ) | | | (0.34 | ) | | | (0.13 | ) | | | (0.22 | ) | | | (0.69 | ) | | | 8.78 | | | | (5.23 | ) | | | 10 | | | | 1.06 | | | | 0.85 | | | | 5.58 | | | | 285 | |
Y | | | 9.97 | | | | 0.49 | | | | (0.98 | ) | | | (0.49 | ) | | | (0.34 | ) | | | (0.13 | ) | | | (0.23 | ) | | | (0.70 | ) | | | 8.78 | | | | (5.17 | ) | | | 970 | | | | 0.95 | | | | 0.77 | | | | 5.29 | | | | 285 | |
F | | | 9.96 | | | | 0.53 | | | | (1.01 | ) | | | (0.48 | ) | | | (0.34 | ) | | | (0.13 | ) | | | (0.23 | ) | | | (0.70 | ) | | | 8.78 | | | | (5.04 | ) | | | 28,842 | | | | 0.94 | | | | 0.75 | | | | 5.67 | | | | 285 | |
SDR | | | 9.98 | | | | 0.56 | | | | (1.05 | ) | | | (0.49 | ) | | | (0.34 | ) | | | (0.13 | ) | | | (0.23 | ) | | | (0.70 | ) | | | 8.79 | | | | (5.11 | ) | | | 34,841 | | | | 0.94 | | | | 0.75 | | | | 5.89 | | | | 285 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund(4) – (continued) | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.79 | | | $ | 0.55 | | | $ | 0.27 | | | $ | 0.82 | | | $ | (0.53 | ) | | $ | (0.10 | ) | | $ | — | | | $ | (0.63 | ) | | $ | 9.98 | | | | 8.83 | % | | $ | 2,472 | | | | 1.15 | % | | | 1.03 | % | | | 5.65 | % | | | 212 | % |
C | | | 9.78 | | | | 0.46 | | | | 0.29 | | | | 0.75 | | | | (0.48 | ) | | | (0.10 | ) | | | — | | | | (0.58 | ) | | | 9.95 | | | | 8.01 | | | | 73 | | | | 2.03 | | | | 1.90 | | | | 4.72 | | | | 212 | |
I | | | 9.78 | | | | 0.57 | | | | 0.28 | | | | 0.85 | | | | (0.56 | ) | | | (0.10 | ) | | | — | | | | (0.66 | ) | | | 9.97 | | | | 9.08 | | | | 15,441 | | | | 0.94 | | | | 0.82 | | | | 5.86 | | | | 212 | |
R3 | | | 9.78 | | | | 0.54 | | | | 0.28 | | | | 0.82 | | | | (0.53 | ) | | | (0.10 | ) | | | — | | | | (0.63 | ) | | | 9.97 | | | | 8.74 | | | | 36 | | | | 1.63 | | | | 1.19 | | | | 5.53 | | | | 212 | |
R4 | | | 9.78 | | | | 0.55 | | | | 0.28 | | | | 0.83 | | | | (0.54 | ) | | | (0.10 | ) | | | — | | | | (0.64 | ) | | | 9.97 | | | | 8.88 | | | | 11 | | | | 1.33 | | | | 1.02 | | | | 5.67 | | | | 212 | |
R5 | | | 9.78 | | | | 0.57 | | | | 0.27 | | | | 0.84 | | | | (0.55 | ) | | | (0.10 | ) | | | — | | | | (0.65 | ) | | | 9.97 | | | | 9.07 | | | | 11 | | | | 1.04 | | | | 0.85 | | | | 5.82 | | | | 212 | |
Y | | | 9.78 | | | | 0.57 | | | | 0.28 | | | | 0.85 | | | | (0.56 | ) | | | (0.10 | ) | | | — | | | | (0.66 | ) | | | 9.97 | | | | 9.16 | | | | 122 | | | | 0.91 | | | | 0.79 | | | | 5.81 | | | | 212 | |
F(5) | | | 9.70 | | | | 0.39 | | | | 0.30 | | | | 0.69 | | | | (0.43 | ) | | | — | | | | — | | | | (0.43 | ) | | | 9.96 | | | | 7.22 | (6) | | | 11 | | | | 0.87 | (7) | | | 0.75 | (7) | | | 5.90 | (7) | | | 212 | |
SDR | | | 9.79 | | | | 0.58 | | | | 0.27 | | | | 0.85 | | | | (0.56 | ) | | | (0.10 | ) | | | — | | | | (0.66 | ) | | | 9.98 | | | | 9.16 | | | | 57,054 | | | | 0.87 | | | | 0.75 | | | | 5.93 | | | | 212 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.04 | | | $ | 0.52 | | | $ | 0.51 | | | $ | 1.03 | | | $ | (0.28 | ) | | $ | — | | | $ | — | | | $ | (0.28 | ) | | $ | 9.79 | | | | 11.59 | % | | $ | 1,707 | | | | 1.82 | % | | | 1.11 | % | | | 5.61 | % | | | 147 | % |
C(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(6) | | | 10 | | | | 1.73 | (7) | | | 1.73 | (7) | | | 7.72 | (7) | | | 147 | |
I | | | 9.02 | | | | 0.55 | | | | 0.51 | | | | 1.06 | | | | (0.30 | ) | | | — | | | | — | | | | (0.30 | ) | | | 9.78 | | | | 11.94 | | | | 9,218 | | | | 1.54 | | | | 0.85 | | | | 5.89 | | | | 147 | |
R3(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(6) | | | 10 | | | | 1.41 | (7) | | | 1.41 | (7) | | | 8.09 | (7) | | | 147 | |
R4(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(6) | | | 10 | | | | 1.13 | (7) | | | 1.13 | (7) | | | 8.46 | (7) | | | 147 | |
R5(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(6) | | | 10 | | | | 0.84 | (7) | | | 0.84 | (7) | | | 8.46 | (7) | | | 147 | |
Y(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(6) | | | 10 | | | | 0.73 | (7) | | | 0.73 | (7) | | | 8.82 | (7) | | | 147 | |
SDR | | | 9.03 | | | | 0.56 | | | | 0.51 | | | | 1.07 | | | | (0.31 | ) | | | — | | | | — | | | | (0.31 | ) | | | 9.79 | | | | 12.04 | | | | 51,219 | | | | 1.36 | | | | 0.71 | | | | 5.99 | | | | 147 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.97 | | | $ | 0.53 | | | $ | (1.19 | ) | | $ | (0.66 | ) | | $ | (0.18 | ) | | $ | (0.06 | ) | | $ | (0.03 | ) | | $ | (0.27 | ) | | $ | 9.04 | | | | (6.59 | )% | | $ | 1,637 | | | | 2.01 | % | | | 1.15 | % | | | 5.75 | % | | | 209 | % |
I | | | 9.96 | | | | 0.53 | | | | (1.17 | ) | | | (0.64 | ) | | | (0.22 | ) | | | (0.06 | ) | | | (0.02 | ) | | | (0.30 | ) | | | 9.02 | | | | (6.47 | ) | | | 5,980 | | | | 1.68 | | | | 0.90 | | | | 5.66 | | | | 209 | |
SDR(10) | | | 9.23 | | | | 0.49 | | | | (0.57 | ) | | | (0.08 | ) | | | (0.09 | ) | | | — | | | | (0.03 | ) | | | (0.12 | ) | | | 9.03 | | | | (0.87 | )(6) | | | 21,171 | | | | 1.66 | (7) | | | 0.75 | (7) | | | 6.32 | (7) | | | 209 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.14 | | | $ | 0.67 | | | $ | (0.33 | ) | | $ | 0.34 | | | $ | (0.47 | ) | | $ | (0.04 | ) | | $ | — | | | $ | (0.51 | ) | | $ | 9.97 | | | | 3.32 | % | | $ | 2,061 | | | | 1.86 | % | | | 1.15 | % | | | 6.58 | % | | | 380 | % |
I | | | 10.14 | | | | 0.67 | | | | (0.32 | ) | | | 0.35 | | | | (0.49 | ) | | | (0.04 | ) | | | — | | | | (0.53 | ) | | | 9.96 | | | | 3.48 | | | | 33,731 | | | | 1.68 | | | | 0.90 | | | | 6.66 | | | | 380 | |
| | | | | | | | | |
| Hartford Schroders Global Strategic Bond Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.07 | | | $ | 0.20 | | | $ | (0.18 | ) | | $ | 0.02 | | | $ | (0.10 | ) | | $ | — | | | $ | — | | | $ | (0.10 | ) | | $ | 8.99 | | | | 0.20 | % | | $ | 509 | | | | 1.39 | % | | | 1.02 | % | | | 2.16 | % | | | 157 | % |
C | | | 9.07 | | | | 0.15 | | | | (0.18 | ) | | | (0.03 | ) | | | (0.06 | ) | | | — | | | | — | | | | (0.06 | ) | | | 8.98 | | | | (0.32 | ) | | | 58 | | | | 2.25 | | | | 1.64 | | | | 1.62 | | | | 157 | |
I | | | 9.13 | | | | 0.22 | | | | (0.19 | ) | | | 0.03 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 9.05 | | | | 0.36 | | | | 194 | | | | 1.10 | | | | 0.76 | | | | 2.44 | | | | 157 | |
R3 | | | 9.12 | | | | 0.21 | | | | (0.18 | ) | | | 0.03 | | | | (0.10 | ) | | | — | | | | — | | | | (0.10 | ) | | | 9.05 | | | | 0.37 | | | | 10 | | | | 1.73 | | | | 0.88 | | | | 2.25 | | | | 157 | |
R4 | | | 9.13 | | | | 0.21 | | | | (0.18 | ) | | | 0.03 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 9.05 | | | | 0.30 | | | | 10 | | | | 1.41 | | | | 0.81 | | | | 2.31 | | | | 157 | |
R5 | | | 9.12 | | | | 0.21 | | | | (0.17 | ) | | | 0.04 | | | | (0.11 | ) | | | — | | | | — | | | | (0.11 | ) | | | 9.05 | | | | 0.46 | | | | 10 | | | | 1.12 | | | | 0.77 | | | | 2.34 | | | | 157 | |
Y | | | 9.14 | | | | 0.22 | | | | (0.17 | ) | | | 0.05 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 9.07 | | | | 0.51 | | | | 10 | | | | 1.06 | | | | 0.69 | | | | 2.44 | | | | 157 | |
F | | | 9.14 | | | | 0.23 | | | | (0.18 | ) | | | 0.05 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 9.07 | | | | 0.54 | | | | 10 | | | | 1.00 | | | | 0.64 | | | | 2.50 | | | | 157 | |
SDR | | | 9.05 | | | | 0.23 | | | | (0.18 | ) | | | 0.05 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 8.98 | | | | 0.55 | | | | 63,406 | | | | 1.00 | | | | 0.64 | | | | 2.49 | | | | 157 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.21 | | | $ | 0.15 | | | $ | 0.02 | | | $ | 0.17 | | | $ | (0.28 | ) | | $ | — | | | $ | (0.03 | ) | | $ | (0.31 | ) | | $ | 9.07 | | | | 1.85 | % | | $ | 305 | | | | 1.28 | % | | | 1.04 | % | | | 1.67 | % | | | 127 | % |
C | | | 9.25 | | | | 0.09 | | | | 0.01 | | | | 0.10 | | | | (0.25 | ) | | | — | | | | (0.03 | ) | | | (0.28 | ) | | | 9.07 | | | | 1.13 | | | | 10 | | | | 1.94 | | | | 1.69 | | | | 1.00 | | | | 127 | |
I | | | 9.26 | | | | 0.17 | | | | 0.01 | | | | 0.18 | | | | (0.28 | ) | | | — | | | | (0.03 | ) | | | (0.31 | ) | | | 9.13 | | | | 2.03 | | | | 11 | | | | 1.04 | | | | 0.79 | | | | 1.86 | | | | 127 | |
R3 | | | 9.26 | | | | 0.15 | | | | — | | | | 0.15 | | | | (0.26 | ) | | | — | | | | (0.03 | ) | | | (0.29 | ) | | | 9.12 | | | | 1.82 | | | | 10 | | | | 1.65 | | | | 1.04 | | | | 1.64 | | | | 127 | |
R4 | | | 9.26 | | | | 0.16 | | | | 0.01 | | | | 0.17 | | | | (0.27 | ) | | | — | | | | (0.03 | ) | | | (0.30 | ) | | | 9.13 | | | | 2.02 | | | | 10 | | | | 1.33 | | | | 0.92 | | | | 1.78 | | | | 127 | |
R5 | | | 9.26 | | | | 0.17 | | | | — | | | | 0.17 | | | | (0.28 | ) | | | — | | | | (0.03 | ) | | | (0.31 | ) | | | 9.12 | | | | 1.91 | | | | 10 | | | | 1.04 | | | | 0.81 | | | | 1.86 | | | | 127 | |
Y | | | 9.26 | | | | 0.19 | | | | — | | | | 0.19 | | | | (0.28 | ) | | | — | | | | (0.03 | ) | | | (0.31 | ) | | | 9.14 | | | | 2.14 | | | | 10 | | | | 0.87 | | | | 0.64 | | | | 2.07 | | | | 127 | |
F(5) | | | 9.02 | | | | 0.14 | | | | (0.02 | ) | | | 0.12 | | | | — | | | | — | | | | — | | | | — | | | | 9.14 | | | | 1.33 | (6) | | | 10 | | | | 0.89 | (7) | | | 0.64 | (7) | | | 2.34 | (7) | | | 127 | |
SDR | | | 9.17 | | | | 0.18 | | | | 0.02 | | | | 0.20 | | | | (0.28 | ) | | | — | | | | (0.04 | ) | | | (0.32 | ) | | | 9.05 | | | | 2.21 | | | | 59,689 | | | | 0.87 | | | | 0.64 | | | | 2.03 | | | | 127 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders Global Strategic Bond Fund(4) – (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.08 | | | $ | (0.10 | ) | | $ | 0.27 | | | $ | 0.17 | | | $ | (0.04 | ) | | $ | — | | | $ | — | | | $ | (0.04 | ) | | $ | 9.21 | | | | 1.92 | % | | $ | 125 | | | | 1.40 | % | | | 1.02 | % | | | (1.06 | )% | | | 140 | % |
C(9) | | | 9.29 | | | | 0.04 | | | | (0.07 | ) | | | (0.03 | ) | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 9.25 | | | | (0.35 | )(6) | | | 10 | | | | 1.69 | (7) | | | 1.69 | (7) | | | 16.49 | (7) | | | 140 | |
I | | | 9.10 | | | | (0.04 | ) | | | 0.24 | | | | 0.20 | | | | (0.04 | ) | | | — | | | | — | | | | (0.04 | ) | | | 9.26 | | | | 2.24 | | | | 10 | | | | 1.05 | | | | 0.78 | | | | (0.42 | ) | | | 140 | |
R3(9) | | | 9.29 | | | | 0.04 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 9.26 | | | | (0.35 | )(6) | | | 10 | | | | 1.37 | (7) | | | 1.37 | (7) | | | 15.76 | (7) | | | 140 | |
R4(9) | | | 9.29 | | | | 0.04 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 9.26 | | | | (0.34 | )(6) | | | 10 | | | | 1.08 | (7) | | | 1.08 | (7) | | | 16.12 | (7) | | | 140 | |
R5(9) | | | 9.29 | | | | 0.04 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 9.26 | | | | (0.23 | )(6) | | | 10 | | | | 0.80 | (7) | | | 0.80 | (7) | | | 17.59 | (7) | | | 140 | |
Y(9) | | | 9.29 | | | | 0.04 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 9.26 | | | | (0.23 | )(6) | | | 10 | | | | 0.69 | (7) | | | 0.69 | (7) | | | 16.49 | (7) | | | 140 | |
SDR | | | 9.12 | | | | 0.11 | | | | 0.10 | | | | 0.21 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 9.17 | | | | 2.33 | | | | 70,334 | | | | 1.01 | | | | 0.62 | | | | 1.19 | | | | 140 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.16 | | | $ | 0.03 | | | $ | (0.57 | ) | | $ | (0.54 | ) | | $ | (0.54 | ) | | $ | — | | | $ | — | | | $ | (0.54 | ) | | $ | 9.08 | | | | (5.51 | )% | | $ | 471 | | | | 1.40 | % | | | 1.04 | % | | | 0.35 | % | | | 73 | % |
I | | | 10.16 | | | | 0.07 | | | | (0.58 | ) | | | (0.51 | ) | | | (0.55 | ) | | | — | | | | — | | | | (0.55 | ) | | | 9.10 | | | | (5.20 | ) | | | 13,362 | | | | 1.21 | | | | 0.79 | | | | 0.78 | | | | 73 | |
SDR(11) | | | 9.43 | | | | 0.08 | | | | (0.39 | ) | | | (0.31 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.12 | | | | (3.29 | )(6) | | | 96,582 | | | | 0.87 | (7) | | | 0.64 | (7) | | | 1.03 | (7) | | | 73 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A(12) | | $ | 10.00 | | | $ | 0.01 | | | $ | 0.15 | | | $ | 0.16 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 10.16 | | | | 1.64 | %(6) | | $ | 1,483 | | | | 2.19 | %(7) | | | 1.04 | %(7) | | | 0.19 | %(7) | | | 20 | % |
I(12) | | | 10.00 | | | | 0.02 | | | | 0.15 | | | | 0.17 | | | | (0.01 | ) | | | — | | | | — | | | | (0.01 | ) | | | 10.16 | | | | 1.68 | (6) | | | 28,444 | | | | 1.94 | (7) | | | 0.79 | (7) | | | 0.49 | (7) | | | 20 | |
| | | | | | | | | |
| Hartford Schroders International Multi-Cap Value Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.18 | | | $ | 0.23 | | | $ | (1.09 | ) | | $ | (0.86 | ) | | $ | (0.24 | ) | | $ | (0.11 | ) | | $ | — | | | $ | (0.35 | ) | | $ | 8.97 | | | | (8.71 | )% | | $ | 67,252 | | | | 1.13 | % | | | 1.10 | % | | | 2.26 | % | | | 87 | % |
C | | | 10.12 | | | | 0.17 | | | | (1.10 | ) | | | (0.93 | ) | | | (0.18 | ) | | | (0.11 | ) | | | — | | | | (0.29 | ) | | | 8.90 | | | | (9.47 | ) | | | 25,614 | | | | 1.88 | | | | 1.85 | | | | 1.71 | | | | 87 | |
I | | | 10.17 | | | | 0.26 | | | | (1.09 | ) | | | (0.83 | ) | | | (0.27 | ) | | | (0.11 | ) | | | — | | | | (0.38 | ) | | | 8.96 | | | | (8.47 | ) | | | 875,109 | | | | 0.87 | | | | 0.84 | | | | 2.64 | | | | 87 | |
R3 | | | 10.15 | | | | 0.22 | | | | (1.10 | ) | | | (0.88 | ) | | | (0.22 | ) | | | (0.11 | ) | | | — | | | | (0.33 | ) | | | 8.94 | | | | (8.96 | ) | | | 613 | | | | 1.50 | | | | 1.43 | | | | 2.22 | | | | 87 | |
R4 | | | 10.16 | | | | 0.20 | | | | (1.06 | ) | | | (0.86 | ) | | | (0.24 | ) | | | (0.11 | ) | | | — | | | | (0.35 | ) | | | 8.95 | | | | (8.76 | ) | | | 1,312 | | | | 1.20 | | | | 1.16 | | | | 2.03 | | | | 87 | |
R5 | | | 10.17 | | | | 0.27 | | | | (1.11 | ) | | | (0.84 | ) | | | (0.27 | ) | | | (0.11 | ) | | | — | | | | (0.38 | ) | | | 8.95 | | | | (8.58 | ) | | | 22,482 | | | | 0.88 | | | | 0.85 | | | | 2.68 | | | | 87 | |
Y | | | 10.17 | | | | 0.25 | | | | (1.07 | ) | | | (0.82 | ) | | | (0.28 | ) | | | (0.11 | ) | | | — | | | | (0.39 | ) | | | 8.96 | | | | (8.42 | ) | | | 80,993 | | | | 0.83 | | | | 0.81 | | | | 2.57 | | | | 87 | |
F | | | 10.18 | | | | 0.28 | | | | (1.10 | ) | | | (0.82 | ) | | | (0.28 | ) | | | (0.11 | ) | | | — | | | | (0.39 | ) | | | 8.97 | | | | (8.38 | ) | | | 251,677 | | | | 0.78 | | | | 0.75 | | | | 2.78 | | | | 87 | |
SDR | | | 10.17 | | | | 0.27 | | | | (1.09 | ) | | | (0.82 | ) | | | (0.28 | ) | | | (0.11 | ) | | | — | | | | (0.39 | ) | | | 8.96 | | | | (8.38 | ) | | | 540,822 | | | | 0.78 | | | | 0.75 | | | | 2.69 | | | | 87 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 8.61 | | | $ | 0.20 | | | $ | 1.53 | | | $ | 1.73 | | | $ | (0.16 | ) | | $ | — | | | $ | — | | | $ | (0.16 | ) | | $ | 10.18 | | | | 20.26 | % | | $ | 58,977 | | | | 1.20 | % | | | 1.12 | % | | | 2.08 | % | | | 63 | % |
C | | | 8.60 | | | | 0.15 | | | | 1.50 | | | | 1.65 | | | | (0.13 | ) | | | — | | | | — | | | | (0.13 | ) | | | 10.12 | | | | 19.31 | | | | 15,580 | | | | 1.93 | | | | 1.85 | | | | 1.51 | | | | 63 | |
I | | | 8.60 | | | | 0.24 | | | | 1.52 | | | | 1.76 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 10.17 | | | | 20.47 | | | | 706,652 | | | | 0.91 | | | | 0.82 | | | | 2.48 | | | | 63 | |
R3 | | | 8.60 | | | | 0.20 | | | | 1.49 | | | | 1.69 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 10.15 | | | | 19.82 | | | | 105 | | | | 1.58 | | | | 1.42 | | | | 2.03 | | | | 63 | |
R4 | | | 8.60 | | | | 0.18 | | | | 1.54 | | | | 1.72 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 10.16 | | | | 20.23 | | | | 809 | | | | 1.24 | | | | 1.15 | | | | 1.83 | | | | 63 | |
R5 | | | 8.60 | | | | 0.23 | | | | 1.52 | | | | 1.75 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 10.17 | | | | 20.57 | | | | 14,212 | | | | 0.93 | | | | 0.85 | | | | 2.32 | | | | 63 | |
Y | | | 8.60 | | | | 0.21 | | | | 1.56 | | | | 1.77 | | | | (0.20 | ) | | | — | | | | — | | | | (0.20 | ) | | | 10.17 | | | | 20.80 | | | | 4,440 | | | | 0.84 | | | | 0.76 | | | | 2.30 | | | | 63 | |
F(5) | | | 9.13 | | | | 0.17 | | | | 1.02 | | | | 1.19 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 10.18 | | | | 13.07 | (6) | | | 110,585 | | | | 0.83 | (7) | | | 0.75 | (7) | | | 2.60 | (7) | | | 63 | |
SDR | | | 8.60 | | | | 0.23 | | | | 1.53 | | | | 1.76 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 10.17 | | | | 20.70 | | | | 448,891 | | | | 0.83 | | | | 0.75 | | | | 2.43 | | | | 63 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 8.48 | | | $ | 0.15 | | | $ | 0.17 | (8) | | $ | 0.32 | | | $ | (0.19 | ) | | $ | — | | | $ | — | | | $ | (0.19 | ) | | $ | 8.61 | | | | 3.88 | % | | $ | 27,751 | | | | 1.47 | % | | | 1.14 | % | | | 1.80 | % | | | 94 | % |
C(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(6) | | | 10 | | | | 1.80 | (7) | | | 1.80 | (7) | | | (1.10 | )(7) | | | 94 | |
I | | | 8.47 | | | | 0.18 | | | | 0.16 | (8) | | | 0.34 | | | | (0.21 | ) | | | — | | | | — | | | | (0.21 | ) | | | 8.60 | | | | 4.27 | | | | 183,321 | | | | 1.22 | | | | 0.89 | | | | 2.15 | | | | 94 | |
R3(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(6) | | | 10 | | | | 1.48 | (7) | | | 1.48 | (7) | | | (0.73 | )(7) | | | 94 | |
R4(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(6) | | | 10 | | | | 1.19 | (7) | | | 1.19 | (7) | | | (0.37 | )(7) | | | 94 | |
R5(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(6) | | | 10 | | | | 0.91 | (7) | | | 0.91 | (7) | | | 0.73 | (7) | | | 94 | |
Y(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(6) | | | 10 | | | | 0.80 | (7) | | | 0.80 | (7) | | | — | (7) | | | 94 | |
SDR | | | 8.46 | | | | 0.20 | | | | 0.16 | (8) | | | 0.36 | | | | (0.22 | ) | | | — | | | | — | | | | (0.22 | ) | | | 8.60 | | | | 4.44 | | | | 221,643 | | | | 1.06 | | | | 0.75 | | | | 2.37 | | | | 94 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders International Multi-Cap Value Fund(4) – (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 9.46 | | | $ | 0.20 | | | $ | (0.68 | )(8) | | $ | (0.48 | ) | | $ | (0.24 | ) | | $ | (0.26 | ) | | $ | — | | | $ | (0.50 | ) | | $ | 8.48 | | | | (5.27 | )% | | $ | 19,330 | | | | 1.48 | % | | | 1.17 | % | | | 2.21 | % | | | 90 | % |
I | | | 9.46 | | | | 0.22 | | | | (0.69 | )(8) | | | (0.47 | ) | | | (0.26 | ) | | | (0.26 | ) | | | — | | | | (0.52 | ) | | | 8.47 | | | | (5.12 | ) | | | 218,467 | | | | 1.22 | | | | 0.91 | | | | 2.45 | | | | 90 | |
SDR(10) | | | 8.79 | | | | 0.24 | | | | (0.38 | ) | | | (0.14 | ) | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 8.46 | | | | (1.62 | )(6) | | | 75,256 | | | | 1.08 | (7) | | | 0.76 | (7) | | | 3.18 | (7) | | | 90 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.22 | | | $ | 0.26 | | | $ | (0.20 | )(8) | | $ | 0.06 | | | $ | (0.32 | ) | | $ | (0.50 | ) | | $ | — | | | $ | (0.82 | ) | | $ | 9.46 | | | | 0.67 | % | | $ | 24,498 | | | | 1.51 | % | | | 1.30 | % | | | 2.66 | % | | | 66 | % |
I | | | 10.21 | | | | 0.28 | | | | (0.17 | )(8) | | | 0.11 | | | | (0.36 | ) | | | (0.50 | ) | | | — | | | | (0.86 | ) | | | 9.46 | | | | 1.15 | | | | 213,991 | | | | 1.14 | | | | 0.95 | | | | 2.86 | | | | 66 | |
| | | | | | | | | | | |
| Hartford Schroders International Stock Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 13.62 | | | $ | 0.19 | | | $ | (1.22 | ) | | $ | (1.03 | ) | | $ | (0.13 | ) | | $ | — | | | $ | — | | | $ | (0.13 | ) | | $ | 12.46 | | | | (7.63 | )% | | $ | 11,234 | | | | 1.25 | % | | | 1.16 | % | | | 1.40 | % | | | 65 | % |
C | | | 13.11 | | | | 0.13 | | | | (1.21 | ) | | | (1.08 | ) | | | (0.13 | ) | | | — | | | | — | | | | (0.13 | ) | | | 11.90 | | | | (8.33 | ) | | | 1,824 | | | | 2.01 | | | | 1.92 | | | | 0.97 | | | | 65 | |
I | | | 13.20 | | | | 0.22 | | | | (1.17 | ) | | | (0.95 | ) | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 12.09 | | | | (7.32 | ) | | | 129,528 | | | | 0.93 | | | | 0.85 | | | | 1.70 | | | | 65 | |
R3 | | | 13.19 | | | | 0.21 | | | | (1.19 | ) | | | (0.98 | ) | | | (0.13 | ) | | | — | | | | — | | | | (0.13 | ) | | | 12.08 | | | | (7.49 | ) | | | 12 | | | | 1.61 | | | | 1.02 | | | | 1.59 | | | | 65 | |
R4 | | | 13.20 | | | | 0.22 | | | | (1.19 | ) | | | (0.97 | ) | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 12.09 | | | | (7.42 | ) | | | 12 | | | | 1.31 | | | | 0.97 | | | | 1.64 | | | | 65 | |
R5 | | | 13.22 | | | | 0.22 | | | | (1.18 | ) | | | (0.96 | ) | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 12.10 | | | | (7.36 | ) | | | 12 | | | | 1.01 | | | | 0.90 | | | | 1.69 | | | | 65 | |
Y | | | 13.23 | | | | 0.12 | | | | (1.07 | ) | | | (0.95 | ) | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 12.11 | | | | (7.32 | ) | | | 5,693 | | | | 0.90 | | | | 0.81 | | | | 0.97 | | | | 65 | |
F | | | 13.22 | | | | 0.22 | | | | (1.17 | ) | | | (0.95 | ) | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 12.10 | | | | (7.32 | ) | | | 9,204 | | | | 0.89 | | | | 0.80 | | | | 1.69 | | | | 65 | |
SDR | | | 13.23 | | | | 0.23 | | | | (1.18 | ) | | | (0.95 | ) | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 12.10 | | | | (7.33 | ) | | | 67,339 | | | | 0.89 | | | | 0.80 | | | | 1.71 | | | | 65 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.02 | | | $ | 0.12 | | | $ | 2.64 | | | $ | 2.76 | | | $ | (0.16 | ) | | $ | — | | | $ | — | | | $ | (0.16 | ) | | $ | 13.62 | | | | 25.41 | % | | $ | 5,930 | | | | 1.32 | % | | | 1.20 | % | | | 0.98 | % | | | 53 | % |
C | | | 10.69 | | | | (0.02 | ) | | | 2.60 | | | | 2.58 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 13.11 | | | | 24.60 | | | | 321 | | | | 2.01 | | | | 1.94 | | | | (0.13 | ) | | | 53 | |
I | | | 10.69 | | | | 0.14 | | | | 2.55 | | | | 2.69 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 13.20 | | | | 25.69 | | | | 116,660 | | | | 1.02 | | | | 0.95 | | | | 1.24 | | | | 53 | |
R3 | | | 10.69 | | | | 0.12 | | | | 2.55 | | | | 2.67 | | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 13.19 | | | | 25.45 | | | | 13 | | | | 1.62 | | | | 1.18 | | | | 1.04 | | | | 53 | |
R4 | | | 10.69 | | | | 0.13 | | | | 2.56 | | | | 2.69 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 13.20 | | | | 25.61 | | | | 13 | | | | 1.34 | | | | 1.08 | | | | 1.15 | | | | 53 | |
R5 | | | 10.69 | | | | 0.16 | | | | 2.55 | | | | 2.71 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 13.22 | | | | 25.88 | | | | 13 | | | | 1.02 | | | | 0.90 | | | | 1.34 | | | | 53 | |
Y | | | 10.69 | | | | 0.13 | | | | 2.59 | | | | 2.72 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 13.23 | | | | 25.99 | | | | 115 | | | | 0.88 | | | | 0.79 | | | | 1.04 | | | | 53 | |
F(5) | | | 10.87 | | | | 0.04 | | | | 2.31 | | | | 2.35 | | | | — | | | | — | | | | — | | | | — | | | | 13.22 | | | | 21.62 | (6) | | | 844 | | | | 0.85 | (7) | | | 0.80 | (7) | | | 0.52 | (7) | | | 53 | |
SDR | | | 10.70 | | | | 0.17 | | | | 2.55 | | | | 2.72 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 13.23 | | | | 25.88 | | | | 77,051 | | | | 0.86 | | | | 0.80 | | | | 1.45 | | | | 53 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.35 | | | $ | 0.12 | | | $ | (0.35 | )(8) | | $ | (0.23 | ) | | $ | (0.10 | ) | | $ | — | | | $ | — | | | $ | (0.10 | ) | | $ | 11.02 | | | | (2.01 | )% | | $ | 3,217 | | | | 1.45 | % | | | 1.18 | % | | | 1.11 | % | | | 53 | % |
C(9) | | | 10.64 | | | | (0.01 | ) | | | 0.06 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (6) | | | 10 | | | | 1.77 | (7) | | | 1.77 | (7) | | | (1.77 | )(7) | | | 53 | |
I | | | 11.01 | | | | 0.14 | | | | (0.33 | )(8) | | | (0.19 | ) | | | (0.13 | ) | | | — | | | | — | | | | (0.13 | ) | | | 10.69 | | | | (1.70 | ) | | | 82,726 | | | | 1.20 | | | | 0.92 | | | | 1.33 | | | | 53 | |
R3(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (6) | | | 10 | | | | 1.47 | (7) | | | 1.47 | (7) | | | (1.47 | )(7) | | | 53 | |
R4(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (6) | | | 10 | | | | 1.17 | (7) | | | 1.17 | (7) | | | (1.17 | )(7) | | | 53 | |
R5(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (6) | | | 10 | | | | 0.89 | (7) | | | 0.89 | (7) | | | (0.87 | )(7) | | | 53 | |
Y(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (6) | | | 10 | | | | 0.78 | (7) | | | 0.78 | (7) | | | (0.78 | )(7) | | | 53 | |
SDR | | | 11.02 | | | | 0.16 | | | | (0.33 | )(8) | | | (0.17 | ) | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 10.70 | | | | (1.54 | ) | | | 64,263 | | | | 1.07 | | | | 0.79 | | | | 1.54 | | | | 53 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.93 | | | $ | 0.05 | | | $ | (0.18 | ) | | $ | (0.13 | ) | | $ | — | | | $ | (0.45 | ) | | $ | — | | | $ | (0.45 | ) | | $ | 11.35 | | | | (1.08 | )% | | $ | 3,921 | | | | 1.38 | % | | | 1.17 | % | | | 0.46 | % | | | 45 | % |
I | | | 11.86 | | | | 0.12 | | | | (0.23 | )(8) | | | (0.11 | ) | | | (0.29 | ) | | | (0.45 | ) | | | — | | | | (0.74 | ) | | | 11.01 | | | | (0.89 | ) | | | 104,237 | | | | 1.19 | | | | 0.95 | | | | 1.02 | | | | 45 | |
SDR(10) | | | 10.88 | | | | 0.17 | | | | (0.03 | ) | | | 0.14 | | | | — | | | | — | | | | — | | | | — | | | | 11.02 | | | | 1.29 | (6) | | | 54,747 | | | | 1.09 | (7) | | | 0.81 | (7) | | | 1.78 | (7) | | | 45 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 12.11 | | | $ | 0.26 | | | $ | (0.22 | )(8) | | $ | 0.04 | | | $ | (0.12 | ) | | $ | (0.10 | ) | | $ | — | | | $ | (0.22 | ) | | $ | 11.93 | | | | 0.30 | % | | $ | 84,474 | | | | 1.31 | % | | | 1.23 | % | | | 2.17 | % | | | 54 | % |
I | | | 12.04 | | | | 0.29 | | | | (0.23 | )(8) | | | 0.06 | | | | (0.14 | ) | | | (0.10 | ) | | | — | | | | (0.24 | ) | | | 11.86 | | | | 0.54 | | | | 98,855 | | | | 1.03 | | | | 0.95 | | | | 2.39 | | | | 54 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders Tax-Aware Bond Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.08 | | | $ | 0.23 | | | $ | (0.42 | ) | | $ | (0.19 | ) | | $ | (0.22 | ) | | $ | (0.01 | ) | | $ | — | | | $ | (0.23 | ) | | $ | 10.66 | | | | (1.77 | )% | | $ | 25,186 | | | | 0.86 | % | | | 0.71 | % | | | 2.07 | % | | | 161 | % |
C | | | 11.07 | | | | 0.14 | | | | (0.43 | ) | | | (0.29 | ) | | | (0.12 | ) | | | (0.01 | ) | | | — | | | | (0.13 | ) | | | 10.65 | | | | (2.64 | ) | | | 4,819 | | | | 1.62 | | | | 1.53 | | | | 1.24 | | | | 161 | |
I | | | 11.10 | | | | 0.25 | | | | (0.42 | ) | | | (0.17 | ) | | | (0.25 | ) | | | (0.01 | ) | | | — | | | | (0.26 | ) | | | 10.67 | | | | (1.59 | ) | | | 120,282 | | | | 0.62 | | | | 0.46 | | | | 2.31 | | | | 161 | |
Y | | | 11.10 | | | | 0.25 | | | | (0.43 | ) | | | (0.18 | ) | | | (0.24 | ) | | | (0.01 | ) | | | — | | | | (0.25 | ) | | | 10.67 | | | | (1.63 | ) | | | 214 | | | | 0.57 | | | | 0.48 | | | | 2.30 | | | | 161 | |
F | | | 11.10 | | | | 0.26 | | | | (0.44 | ) | | | (0.18 | ) | | | (0.24 | ) | | | (0.01 | ) | | | — | | | | (0.25 | ) | | | 10.67 | | | | (1.60 | ) | | | 8,689 | | | | 0.55 | | | | 0.46 | | | | 2.36 | | | | 161 | |
SDR | | | 11.09 | | | | 0.25 | | | | (0.43 | ) | | | (0.18 | ) | | | (0.24 | ) | | | (0.01 | ) | | | — | | | | (0.25 | ) | | | 10.66 | | | | (1.60 | ) | | | 59,590 | | | | 0.55 | | | | 0.46 | | | | 2.30 | | | | 161 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.19 | | | $ | 0.20 | | | $ | (0.07 | ) | | $ | 0.13 | | | $ | (0.20 | ) | | $ | (0.04 | ) | | $ | — | | | $ | (0.24 | ) | | $ | 11.08 | | | | 1.20 | % | | $ | 22,948 | | | | 0.86 | % | | | 0.71 | % | | | 1.83 | % | | | 72 | % |
C | | | 11.20 | | | | 0.11 | | | | (0.07 | ) | | | 0.04 | | | | (0.13 | ) | | | (0.04 | ) | | | — | | | | (0.17 | ) | | | 11.07 | | | | 0.40 | | | | 4,712 | | | | 1.58 | | | | 1.50 | | | | 0.96 | | | | 72 | |
I | | | 11.21 | | | | 0.23 | | | | (0.07 | ) | | | 0.16 | | | | (0.23 | ) | | | (0.04 | ) | | | — | | | | (0.27 | ) | | | 11.10 | | | | 1.45 | | | | 147,851 | | | | 0.58 | | | | 0.46 | | | | 2.10 | | | | 72 | |
Y | | | 11.20 | | | | 0.23 | | | | (0.07 | ) | | | 0.16 | | | | (0.22 | ) | | | (0.04 | ) | | | — | | | | (0.26 | ) | | | 11.10 | | | | 1.53 | | | | 10 | | | | 0.54 | | | | 0.46 | | | | 2.08 | | | | 72 | |
F(5) | | | 10.93 | | | | 0.14 | | | | 0.17 | | | | 0.31 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 11.10 | | | | 2.85 | (6) | | | 2,377 | | | | 0.53 | (7) | | | 0.46 | (7) | | | 1.96 | (7) | | | 72 | |
SDR | | | 11.20 | | | | 0.23 | | | | (0.07 | ) | | | 0.16 | | | | (0.23 | ) | | | (0.04 | ) | | | — | | | | (0.27 | ) | | | 11.09 | | | | 1.46 | | | | 70,615 | | | | 0.54 | | | | 0.46 | | | | 2.12 | | | | 72 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.84 | | | $ | 0.25 | | | $ | 0.35 | | | $ | 0.60 | | | $ | (0.25 | ) | | $ | — | | | $ | — | | | $ | (0.25 | ) | | $ | 11.19 | | | | 5.61 | % | | $ | 8,648 | | | | 0.90 | % | | | 0.70 | % | | | 2.22 | % | | | 42 | % |
C(9) | | | 11.23 | | | | — | | | | (0.01 | ) | | | (0.01 | ) | | | (0.02 | ) | | | — | | | | — | | | | (0.02 | ) | | | 11.20 | | | | (0.10 | )(6) | | | 10 | | | | 1.46 | (7) | | | 1.45 | (7) | | | 1.47 | (7) | | | 42 | |
I | | | 10.84 | | | | 0.28 | | | | 0.37 | | | | 0.65 | | | | (0.28 | ) | | | — | | | | — | | | | (0.28 | ) | | | 11.21 | | | | 6.02 | | | | 82,088 | | | | 0.66 | | | | 0.45 | | | | 2.55 | | | | 42 | |
Y(9) | | | 11.23 | | | | 0.01 | | | | (0.02 | ) | | | (0.01 | ) | | | (0.02 | ) | | | — | | | | — | | | | (0.02 | ) | | | 11.20 | | | | (0.08 | )(6) | | | 10 | | | | 0.46 | (7) | | | 0.45 | (7) | | | 2.56 | (7) | | | 42 | |
SDR(9) | | | 11.23 | | | | 0.01 | | | | (0.02 | ) | | | (0.01 | ) | | | (0.02 | ) | | | — | | | | — | | | | (0.02 | ) | | | 11.20 | | | | (0.08 | )(6) | | | 66,275 | | | | 0.47 | (7) | | | 0.46 | (7) | | | 4.71 | (7) | | | 42 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 10.93 | | | $ | 0.25 | | | $ | (0.10 | ) | | $ | 0.15 | | | $ | (0.24 | ) | | $ | — | | | $ | — | | | $ | (0.24 | ) | | $ | 10.84 | | | | 1.42 | %(6) | | $ | 1,039 | | | | 1.01 | %(7) | | | 0.71 | %(7) | | | 2.77 | %(7) | | | 36 | % |
I | | | 11.09 | | | | 0.32 | | | | (0.10 | ) | | | 0.22 | | | | (0.32 | ) | | | (0.15 | ) | | | — | | | | (0.47 | ) | | | 10.84 | | | | 2.00 | | | | 105,036 | | | | 0.70 | | | | 0.46 | | | | 2.93 | | | | 36 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
I | | | 10.20 | | | | 0.36 | | | | 1.01 | | | | 1.37 | | | | (0.36 | ) | | | (0.12 | ) | | | — | | | | (0.48 | ) | | | 11.09 | | | | 13.85 | | | | 96,342 | | | | 0.68 | | | | 0.46 | | | | 3.45 | | | | 27 | |
| | | | | | | | | | |
| Hartford Schroders US Small Cap Opportunities Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 27.97 | | | $ | (0.02 | ) | | $ | (0.04 | ) | | $ | (0.06 | ) | | $ | — | | | $ | (2.36 | ) | | $ | — | | | $ | (2.36 | ) | | $ | 25.55 | | | | (0.34 | )% | | $ | 13,976 | | | | 1.43 | % | | | 1.34 | % | | | (0.08 | )% | | | 42 | % |
C | | | 28.82 | | | | (0.23 | ) | | | (0.03 | ) | | | (0.26 | ) | | | — | | | | (2.36 | ) | | | — | | | | (2.36 | ) | | | 26.20 | | | | (1.08 | ) | | | 6,892 | | | | 2.18 | | | | 2.09 | | | | (0.84 | ) | | | 42 | |
I | | | 29.14 | | | | 0.07 | | | | (0.05 | ) | | | 0.02 | | | | (0.09 | ) | | | (2.36 | ) | | | — | | | | (2.45 | ) | | | 26.71 | | | | (0.05 | ) | | | 109,710 | | | | 1.12 | | | | 1.04 | | | | 0.25 | | | | 42 | |
R3 | | | 29.06 | | | | (0.08 | ) | | | (0.05 | ) | | | (0.13 | ) | | | (0.04 | ) | | | (2.36 | ) | | | — | | | | (2.40 | ) | | | 26.53 | | | | (0.58 | ) | | | 66 | | | | 1.75 | | | | 1.58 | | | | (0.30 | ) | | | 42 | |
R4 | | | 29.08 | | | | 0.04 | | | | (0.04 | ) | | | — | | | | (0.04 | ) | | | (2.36 | ) | | | — | | | | (2.40 | ) | | | 26.68 | | | | (0.11 | ) | | | 11 | | | | 1.45 | | | | 1.13 | | | | 0.12 | | | | 42 | |
R5 | | | 29.11 | | | | 0.07 | | | | (0.05 | ) | | | 0.02 | | | | (0.07 | ) | | | (2.36 | ) | | | — | | | | (2.43 | ) | | | 26.70 | | | | (0.02 | ) | | | 19 | | | | 1.15 | | | | 1.05 | | | | 0.23 | | | | 42 | |
Y | | | 29.14 | | | | 0.09 | | | | (0.05 | ) | | | 0.04 | | | | (0.09 | ) | | | (2.36 | ) | | | — | | | | (2.45 | ) | | | 26.73 | | | | 0.03 | | | | 23,507 | | | | 1.03 | | | | 0.95 | | | | 0.33 | | | | 42 | |
F | | | 29.15 | | | | 0.08 | | | | (0.04 | ) | | | 0.04 | | | | (0.09 | ) | | | (2.36 | ) | | | — | | | | (2.45 | ) | | | 26.74 | | | | 0.04 | | | | 2,841 | | | | 1.03 | | | | 0.95 | | | | 0.30 | | | | 42 | |
SDR | | | 29.19 | | | | 0.13 | | | | (0.08 | ) | | | 0.05 | | | | (0.10 | ) | | | (2.36 | ) | | | — | | | | (2.46 | ) | | | 26.78 | | | | 0.07 | | | | 10,952 | | | | 1.03 | | | | 0.95 | | | | 0.44 | | | | 42 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 23.78 | | | $ | (0.07 | ) | | $ | 5.71 | | | $ | 5.64 | | | $ | (0.07 | ) | | $ | (1.38 | ) | | $ | — | | | $ | (1.45 | ) | | $ | 27.97 | | | | 24.43 | % | | $ | 17,379 | | | | 1.41 | % | | | 1.35 | % | | | (0.25 | )% | | | 69 | % |
C | | | 24.66 | | | | (0.27 | ) | | | 5.90 | | | | 5.63 | | | | (0.09 | ) | | | (1.38 | ) | | | — | | | | (1.47 | ) | | | 28.82 | | | | 23.50 | | | | 4,426 | | | | 2.14 | | | | 2.08 | | | | (1.00 | ) | | | 69 | |
I | | | 24.67 | | | | 0.05 | | | | 5.90 | | | | 5.95 | | | | (0.10 | ) | | | (1.38 | ) | | | — | | | | (1.48 | ) | | | 29.14 | | | | 24.85 | | | | 124,651 | | | | 1.05 | | | | 1.00 | | | | 0.20 | | | | 69 | |
R3 | | | 24.67 | | | | (0.07 | ) | | | 5.91 | | | | 5.84 | | | | (0.07 | ) | | | (1.38 | ) | | | — | | | | (1.45 | ) | | | 29.06 | | | | 24.36 | | | | 54 | | | | 1.76 | | | | 1.38 | | | | (0.27 | ) | | | 69 | |
R4 | | | 24.67 | | | | (0.01 | ) | | | 5.88 | | | | 5.87 | | | | (0.08 | ) | | | (1.38 | ) | | | — | | | | (1.46 | ) | | | 29.08 | | | | 24.51 | | | | 11 | | | | 1.46 | | | | 1.22 | | | | (0.03 | ) | | | 69 | |
R5 | | | 24.67 | | | | 0.04 | | | | 5.88 | | | | 5.92 | | | | (0.10 | ) | | | (1.38 | ) | | | — | | | | (1.48 | ) | | | 29.11 | | | | 24.72 | | | | 20 | | | | 1.25 | | | | 1.05 | | | | 0.13 | | | | 69 | |
Y | | | 24.67 | | | | (0.05 | ) | | | 6.00 | | | | 5.95 | | | | (0.10 | ) | | | (1.38 | ) | | | — | | | | (1.48 | ) | | | 29.14 | | | | 24.86 | | | | 26,227 | | | | 1.04 | | | | 0.95 | | | | (0.17 | ) | | | 69 | |
F(5) | | | 26.78 | | | | 0.02 | | | | 2.35 | | | | 2.37 | | | | — | | | | — | | | | — | | | | — | | | | 29.15 | | | | 8.85 | (6) | | | 1,256 | | | | 1.00 | (7) | | | 0.96 | (7) | | | 0.10 | (7) | | | 69 | |
SDR | | | 24.71 | | | | 0.05 | | | | 5.91 | | | | 5.96 | | | | (0.10 | ) | | | (1.38 | ) | | | — | | | | (1.48 | ) | | | 29.19 | | | | 24.86 | | | | 32,525 | | | | 1.00 | | | | 0.95 | | | | 0.17 | | | | 69 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders US Small Cap Opportunities Fund(4) – (continued) | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | | | | | | |
A | | $ | 24.46 | | | $ | 0.03 | | | $ | 1.14 | (8) | | $ | 1.17 | | | $ | — | | | $ | (1.85 | ) | | $ | — | | | $ | (1.85 | ) | | $ | 23.78 | | | | 5.33 | % | | $ | 2,579 | | | | 1.65 | % | | | 1.41 | % | | | 0.12 | % | | | 51 | % |
C(9) | | | 24.96 | | | | (0.01 | ) | | | (0.29 | ) | | | (0.30 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.66 | | | | (1.20 | )(6) | | | 10 | | | | 1.90 | (7) | | | 1.90 | (7) | | | (1.70 | )(7) | | | 51 | |
I | | | 25.25 | | | | 0.08 | | | | 1.19 | (8) | | | 1.27 | | | | — | | | | (1.85 | ) | | | — | | | | (1.85 | ) | | | 24.67 | | | | 5.58 | | | | 113,072 | | | | 1.41 | | | | 1.16 | | | | 0.33 | | | | 51 | |
R3(9) | | | 24.96 | | | | (0.01 | ) | | | (0.28 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(6) | | | 10 | | | | 1.59 | (7) | | | 1.59 | (7) | | | (1.39 | )(7) | | | 51 | |
R4(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(6) | | | 10 | | | | 1.31 | (7) | | | 1.31 | (7) | | | (1.10 | )(7) | | | 51 | |
R5(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(6) | | | 10 | | | | 1.02 | (7) | | | 1.02 | (7) | | | (0.80 | )(7) | | | 51 | |
Y(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(6) | | | 10 | | | | 0.91 | (7) | | | 0.91 | (7) | | | (0.70 | )(7) | | | 51 | |
SDR | | | 25.25 | | | | 0.12 | | | | 1.19 | (8) | | | 1.31 | | | | — | | | | (1.85 | ) | | | — | | | | (1.85 | ) | | | 24.71 | | | | 5.74 | | | | 6,806 | | | | 1.26 | | | | 1.02 | | | | 0.50 | | | | 51 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 26.66 | | | $ | (0.11 | ) | | $ | 0.93 | | | $ | 0.82 | | | $ | — | | | $ | (3.02 | ) | | $ | — | | | $ | (3.02 | ) | | $ | 24.46 | | | | 3.50 | % | | $ | 937 | | | | 1.66 | % | | | 1.58 | % | | | (0.46 | )% | | | 49 | % |
I | | | 27.36 | | | | (0.05 | ) | | | 0.96 | (8) | | | 0.91 | | | | — | | | | (3.02 | ) | | | — | | | | (3.02 | ) | | | 25.25 | | | | 3.76 | | | | 128,250 | | | | 1.39 | | | | 1.31 | | | | (0.18 | ) | | | 49 | |
SDR(13) | | | 23.83 | | | | (0.02 | ) | | | 1.44 | | | | 1.42 | | | | — | | | | — | | | | — | | | | — | | | | 25.25 | | | | 5.96 | (6) | | | 21 | | | | 1.90 | (7) | | | 1.05 | (7) | | | (0.95 | )(7) | | | 49 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 29.09 | | | $ | (0.13 | ) | | $ | 2.34 | | | $ | 2.21 | | | $ | — | | | $ | (4.64 | ) | | $ | — | | | $ | (4.64 | ) | | $ | 26.66 | | | | 9.17 | % | | $ | 856 | | | | 1.59 | % | | | 1.59 | % | | | (0.48 | )% | | | 66 | % |
I | | | 29.65 | | | | (0.04 | ) | | | 2.40 | (8) | | | 2.36 | | | | (0.01 | ) | | | (4.64 | ) | | | — | | | | (4.65 | ) | | | 27.36 | | | | 9.57 | | | | 138,855 | | | | 1.24 | | | | 1.24 | | | | (0.13 | ) | | | 66 | |
| | | | | | | | | | |
| Hartford Schroders US Small/Mid Cap Opportunities Fund(4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 13.97 | | | $ | 0.01 | | | $ | (0.10 | ) | | $ | (0.09 | ) | | $ | — | | | $ | (0.20 | ) | | $ | — | | | $ | (0.20 | ) | | $ | 13.68 | | | | (0.66 | )% | | $ | 96,491 | | | | 1.26 | % | | | 1.25 | % | | | 0.05 | % | | | 37 | % |
C | | | 14.37 | | | | (0.11 | ) | | | (0.09 | ) | | | (0.20 | ) | | | — | | | | (0.20 | ) | | | — | | | | (0.20 | ) | | | 13.97 | | | | (1.49 | ) | | | 67,037 | | | | 2.02 | | | | 2.01 | | | | (0.72 | ) | | | 37 | |
I | | | 14.52 | | | | 0.05 | | | | (0.11 | ) | | | (0.06 | ) | | | (0.02 | ) | | | (0.20 | ) | | | — | | | | (0.22 | ) | | | 14.24 | | | | (0.44 | ) | | | 648,971 | | | | 0.99 | | | | 0.98 | | | | 0.31 | | | | 37 | |
R3 | | | 14.43 | | | | (0.05 | ) | | | (0.09 | ) | | | (0.14 | ) | | | — | | | | (0.20 | ) | | | — | | | | (0.20 | ) | | | 14.09 | | | | (1.06 | ) | | | 950 | | | | 1.63 | | | | 1.60 | | | | (0.31 | ) | | | 37 | |
R4 | | | 14.48 | | | | — | | | | (0.10 | ) | | | (0.10 | ) | | | (0.01 | ) | | | (0.20 | ) | | | — | | | | (0.21 | ) | | | 14.17 | | | | (0.74 | ) | | | 775 | | | | 1.33 | | | | 1.30 | | | | (0.03 | ) | | | 37 | |
R5 | | | 14.51 | | | | 0.04 | | | | (0.09 | ) | | | (0.05 | ) | | | (0.02 | ) | | | (0.20 | ) | | | — | | | | (0.22 | ) | | | 14.24 | | | | (0.42 | ) | | | 1,864 | | | | 1.03 | | | | 1.00 | | | | 0.26 | | | | 37 | |
Y | | | 14.53 | | | | 0.04 | | | | (0.10 | ) | | | (0.06 | ) | | | (0.03 | ) | | | (0.20 | ) | | | — | | | | (0.23 | ) | | | 14.24 | | | | (0.46 | ) | | | 108,680 | | | | 0.96 | | | | 0.94 | | | | 0.25 | | | | 37 | |
F | | | 14.53 | | | | 0.06 | | | | (0.11 | ) | | | (0.05 | ) | | | (0.03 | ) | | | (0.20 | ) | | | — | | | | (0.23 | ) | | | 14.25 | | | | (0.37 | ) | | | 45,449 | | | | 0.91 | | | | 0.90 | | | | 0.38 | | | | 37 | |
SDR | | | 14.56 | | | | 0.06 | | | | (0.11 | ) | | | (0.05 | ) | | | (0.03 | ) | | | (0.20 | ) | | | — | | | | (0.23 | ) | | | 14.28 | | | | (0.37 | ) | | | 57,898 | | | | 0.91 | | | | 0.90 | | | | 0.38 | | | | 37 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 11.98 | | | $ | (0.02 | ) | | $ | 2.22 | | | $ | 2.20 | | | $ | (0.02 | ) | | $ | (0.19 | ) | | $ | — | | | $ | (0.21 | ) | | $ | 13.97 | | | | 18.57 | % | | $ | 116,594 | | | | 1.28 | % | | | 1.27 | % | | | (0.12 | )% | | | 54 | % |
C | | | 12.41 | | | | (0.13 | ) | | | 2.31 | | | | 2.18 | | | | (0.03 | ) | | | (0.19 | ) | | | — | | | | (0.22 | ) | | | 14.37 | | | | 17.75 | | | | 48,121 | | | | 2.04 | | | | 2.02 | | | | (0.94 | ) | | | 54 | |
I | | | 12.42 | | | | 0.02 | | | | 2.30 | | | | 2.32 | | | | (0.03 | ) | | | (0.19 | ) | | | — | | | | (0.22 | ) | | | 14.52 | | | | 18.91 | | | | 620,850 | | | | 1.02 | | | | 1.01 | | | | 0.15 | | | | 54 | |
R3 | | | 12.41 | | | | (0.07 | ) | | | 2.30 | | | | 2.23 | | | | (0.02 | ) | | | (0.19 | ) | | | — | | | | (0.21 | ) | | | 14.43 | | | | 18.28 | | | | 425 | | | | 1.64 | | | | 1.60 | | | | (0.49 | ) | | | 54 | |
R4 | | | 12.42 | | | | (0.04 | ) | | | 2.31 | | | | 2.27 | | | | (0.02 | ) | | | (0.19 | ) | | | — | | | | (0.21 | ) | | | 14.48 | | | | 18.52 | | | | 274 | | | | 1.39 | | | | 1.30 | | | | (0.28 | ) | | | 54 | |
R5 | | | 12.42 | | | | 0.02 | | | | 2.29 | | | | 2.31 | | | | (0.03 | ) | | | (0.19 | ) | | | — | | | | (0.22 | ) | | | 14.51 | | | | 18.82 | | | | 56 | | | | 1.14 | | | | 1.00 | | | | 0.18 | | | | 54 | |
Y | | | 12.42 | | | | 0.02 | | | | 2.31 | | | | 2.33 | | | | (0.03 | ) | | | (0.19 | ) | | | — | | | | (0.22 | ) | | | 14.53 | | | | 19.00 | | | | 11,479 | | | | 0.96 | | | | 0.94 | | | | 0.16 | | | | 54 | |
F(5) | | | 13.63 | | | | 0.01 | | | | 0.89 | | | | 0.90 | | | | — | | | | — | | | | — | | | | — | | | | 14.53 | | | | 6.60 | (6) | | | 8,436 | | | | 0.91 | (7) | | | 0.90 | (7) | | | 0.14 | (7) | | | 54 | |
SDR | | | 12.44 | | | | 0.03 | | | | 2.31 | | | | 2.34 | | | | (0.03 | ) | | | (0.19 | ) | | | — | | | | (0.22 | ) | | | 14.56 | | | | 19.06 | | | | 21,490 | | | | 0.91 | | | | 0.90 | | | | 0.24 | | | | 54 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 12.36 | | | $ | 0.02 | | | $ | 0.89 | (8) | | $ | 0.91 | | | $ | — | | | $ | (1.29 | ) | | $ | — | | | $ | (1.29 | ) | | $ | 11.98 | | | | 8.40 | % | | $ | 32,399 | | | | 1.67 | % | | | 1.26 | % | | | 0.15 | % | | | 72 | % |
C(9) | | | 12.49 | | | | (0.01 | ) | | | (0.07 | ) | | | (0.08 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.41 | | | | (0.64 | )(6) | | | 10 | | | | 1.86 | (7) | | | 1.86 | (7) | | | (1.49 | )(7) | | | 72 | |
I | | | 12.74 | | | | 0.05 | | | | 0.92 | (8) | | | 0.97 | | | | — | | | | (1.29 | ) | | | — | | | | (1.29 | ) | | | 12.42 | | | | 8.68 | | | | 177,197 | | | | 1.44 | | | | 1.01 | | | | 0.45 | | | | 72 | |
R3(9) | | | 12.49 | | | | — | | | | (0.08 | ) | | | (0.08 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.41 | | | | (0.64 | )(6) | | | 10 | | | | 1.54 | (7) | | | 1.54 | (7) | | | (1.18 | )(7) | | | 72 | |
R4(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(6) | | | 10 | | | | 1.25 | (7) | | | 1.25 | (7) | | | (0.89 | )(7) | | | 72 | |
R5(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(6) | | | 10 | | | | 0.97 | (7) | | | 0.97 | (7) | | | (0.57 | )(7) | | | 72 | |
Y(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(6) | | | 10 | | | | 0.86 | (7) | | | 0.86 | (7) | | | (0.49 | )(7) | | | 72 | |
SDR | | | 12.76 | | | | 0.06 | | | | 0.92 | (8) | | | 0.98 | | | | (0.01 | ) | | | (1.29 | ) | | | — | | | | (1.30 | ) | | | 12.44 | | | | 8.77 | | | | 5,111 | | | | 1.33 | | | | 0.88 | | | | 0.47 | | | | 72 | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | | | | | | | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Returns
of Capital | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
| Hartford Schroders US Small/Mid Cap Opportunities Fund(4) – (continued) | | | | | | | | | | | | | | | | | | | | | | |
For the Year Ended October 31, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 13.56 | | | $ | (0.03 | ) | | $ | 0.85 | (8) | | $ | 0.82 | | | $ | — | | | $ | (2.02 | ) | | $ | — | | | $ | (2.02 | ) | | $ | 12.36 | | | | 7.00 | % | | $ | 5,541 | | | | 1.85 | % | | | 1.30 | % | | | (0.21 | )% | | | 56 | % |
I | | | 13.89 | | | | 0.01 | | | | 0.86 | (8) | | | 0.87 | | | | — | | | | (2.02 | ) | | | — | | | | (2.02 | ) | | | 12.74 | | | | 7.23 | | | | 50,126 | | | | 1.60 | | | | 1.05 | | | | 0.05 | | | | 56 | |
SDR(10) | | | 12.36 | | | | — | | | | 0.40 | | | | 0.40 | | | | — | | | | — | | | | — | | | | — | | | | 12.76 | | | | 3.24 | (6) | | | 1,935 | | | | 1.51 | (7) | | | 0.90 | (7) | | | 0.03 | (7) | | | 56 | |
| | | | | | | | | | | |
For the Year Ended October 31, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 15.12 | | | $ | (0.03 | ) | | $ | 1.57 | (8) | | $ | 1.54 | | | $ | — | | | $ | (3.10 | ) | | $ | — | | | $ | (3.10 | ) | | $ | 13.56 | | | | 12.65 | % | | $ | 5,756 | | | | 1.63 | % | | | 1.30 | % | | | (0.25 | )% | | | 62 | % |
I | | | 15.39 | | | | — | | | | 1.61 | | | | 1.61 | | | | (0.01 | ) | | | (3.10 | ) | | | — | | | | (3.11 | ) | | | 13.89 | | | | 12.97 | | | | 59,840 | | | | 1.38 | | | | 1.05 | | | | — | | | | 62 | |
| (1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
| (2) | Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account. |
| (3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
| (4) | Prior to October 24, 2016 this Fund operated under a different name. Effective before the opening of business on October 24, 2016, the Advisor, Investor, and R6 share classes were redesignated as Class A, I, and SDR, respectively. |
| (5) | Commenced operations on February 28, 2017. |
| (8) | Includes redemption fees. Amount was less than $0.01 per share. |
| (9) | Commenced operations on October 24, 2016. |
| (10) | Commenced operations on December 30, 2014. |
| (11) | Commenced operations on December 19, 2014. |
| (12) | Commenced operations on June 23, 2014. |
| (13) | Commenced operations on September 28, 2015. |
The accompanying notes are an integral part of these financial statements.
Notes to Financial Statements
October 31, 2018
The Hartford Mutual Funds II, Inc. (the “Company”) is an open-end registered management investment company comprised of eleven series, as of October 31, 2018. Financial statements of each series of the Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.
The Hartford Mutual Funds II, Inc.:
Hartford Schroders Emerging Markets Equity Fund (the “Emerging Markets Equity Fund”)
Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the “Emerging Markets Multi-Sector Bond Fund”)
Hartford Schroders Global Strategic Bond Fund (the “Global Strategic Bond Fund”)
Hartford Schroders International Multi-Cap Value Fund (the “International Multi-Cap Value Fund”)
Hartford Schroders International Stock Fund (the “International Stock Fund”)
Hartford Schroders Tax-Aware Bond Fund (the “Tax-Aware Bond Fund”)
Hartford Schroders US Small Cap Opportunities Fund (the “US Small Cap Opportunities Fund”)
Hartford Schroders US Small/Mid Cap Opportunities Fund (the “US Small/Mid Cap Opportunities Fund”)
The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund, except Emerging Markets Multi-Sector Bond Fund and Global Strategic Bond Fund, is a diversified open-end management investment company. Emerging Markets Multi-Sector Bond Fund and Global Strategic Bond Fund, are non-diversified open-end management investment companies. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.
Each Fund has registered for sale Class A, Class T, Class C, Class I, Class Y, Class F and Class SDR shares. As of October 31, 2018, Class T shares have not commenced operations. In addition, each Fund, except Tax-Aware Bond Fund, has registered for sale Class R3, Class R4 and Class R5 shares. Each Fund’s Class A shares are sold with a front-end sales charge of up to 5.50%, except Emerging Markets Multi-Sector Bond Fund, Global Strategic Bond Fund and Tax-Aware Bond Fund for which Class A shares are sold with a front-end sales charge of up to 4.50%. Class T shares of each Fund have a front-end sales charge of up to 2.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, Y, F and SDR shares do not have a sales charge.
| 2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| | a) | Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open. 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 of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions. |
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 the Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence
Notes to Financial Statements – (continued)
October 31, 2018
of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund.
Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost 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 derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.
Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.
Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| | • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| | • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
| | • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market |
Notes to Financial Statements – (continued)
October 31, 2018
| | quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.
| | c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts, inflation adjustments and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage-related and other asset-backed securities are included in interest income in the Statements of Operations, as applicable.
Please refer to note 8 for Securities Lending information.
| | d) | Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which a Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which a Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net realized gain on investments in these securities, if applicable. |
| | e) | Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. |
A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.
| | f) | Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
| | g) | Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund. |
Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.
Notes to Financial Statements – (continued)
October 31, 2018
Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of Emerging Markets Equity Fund, International Stock Fund, US Small Cap Opportunities Fund and US Small/Mid Cap Opportunities Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. The policy of Global Strategic Bond Fund and Tax-Aware Bond Fund is to pay dividends from net investment income, if any, monthly, and realized gains, if any, at least once a year. The policy of Emerging Markets Multi-Sector Bond Fund and International Multi-Cap Value Fund is to pay dividends from net investment income, if any, quarterly, and realized gains, if any, at least once a year.
Income dividends and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts notes).
| | h) | Disclosure Update and Simplification – Per the SEC Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within a Fund’s Statement of Changes in Net Assets for the year ended October 31, 2017 has been modified accordingly. |
Below is the characterization of the Fund distributions for the year ended October 31, 2017 as previously disclosed in the Statement of Changes in Net Assets within the October 31, 2017 Annual Report:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Distributions to Shareholders Year Ended October 31, 2017: | |
| | | From net investment income | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | | | Total | |
Emerging Markets Equity Fund | | $ | (270,156 | ) | | $ | (1,862 | ) | | $ | (9,227,775 | ) | | $ | (78 | ) | | $ | (84 | ) | | $ | (89 | ) | | $ | (91 | ) | | $ | — | | | $ | (5,074,710 | ) | | $ | (14,574,845 | ) |
Emerging Markets Multi-Sector Bond Fund | | | (111,772 | ) | | | (1,789 | ) | | | (571,348 | ) | | | (550 | ) | | | (563 | ) | | | (581 | ) | | | (2,138 | ) | | | (447 | ) | | | (3,098,650 | ) | | | (3,787,838 | ) |
Global Strategic Bond Fund | | | (3,337 | ) | | | (272 | ) | | | (337 | ) | | | (283 | ) | | | (290 | ) | | | (300 | ) | | | (301 | ) | | | — | | | | (2,112,250 | ) | | | (2,117,370 | ) |
International Multi-Cap Value Fund | | | (609,559 | ) | | | (80,568 | ) | | | (8,600,005 | ) | | | (879 | ) | | | (3,637 | ) | | | (120,710 | ) | | | (420,640 | ) | | | (777,241 | ) | | | (5,991,939 | ) | | | (16,605,178 | ) |
International Stock Fund | | | (45,213 | ) | | | (154 | ) | | | (1,382,174 | ) | | | (161 | ) | | | (167 | ) | | | (173 | ) | | | (174 | ) | | | — | | | | (1,152,755 | ) | | | (2,580,971 | ) |
Tax-Aware Bond Fund | | | (265,057 | ) | | | (20,682 | ) | | | (2,366,420 | ) | | | — | | | | — | | | | — | | | | (203 | ) | | | (8,412 | ) | | | (1,374,814 | ) | | | (4,035,588 | ) |
US Small Cap Opportunities Fund | | | (10,422 | ) | | | (3,055 | ) | | | (501,740 | ) | | | (28 | ) | | | (34 | ) | | | (57 | ) | | | (42 | ) | | | — | | | | (28,449 | ) | | | (543,827 | ) |
US Small/Mid Cap Opportunities Fund | | | (79,721 | ) | | | (9,333 | ) | | | (574,780 | ) | | | (54 | ) | | | (26 | ) | | | (44 | ) | | | (27 | ) | | | — | | | | (14,249 | ) | | | (678,234 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | From net realized gain on investments | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | | | Total | |
Emerging Markets Equity Fund | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Emerging Markets Multi-Sector Bond Fund | | | (17,509 | ) | | | (100 | ) | | | (81,544 | ) | | | (100 | ) | | | (100 | ) | | | (100 | ) | | | (100 | ) | | | | | | | (512,123 | ) | | | (611,676 | ) |
Global Strategic Bond Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | — | | | | — | |
International Multi-Cap Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | | | | | — | | | | — | |
International Stock Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Tax-Aware Bond Fund | | | (29,381 | ) | | | (224 | ) | | | (289,316 | ) | | | — | | | | — | | | | — | | | | (37 | ) | | | — | | | | (237,039 | ) | | | (555,997 | ) |
US Small Cap Opportunities Fund | | | (189,413 | ) | | | (27,933 | ) | | | (6,679,192 | ) | | | (552 | ) | | | (552 | ) | | | (759 | ) | | | (552 | ) | | | — | | | | (366,590 | ) | | | (7,265,543 | ) |
US Small/Mid Cap Opportunities Fund | | | (711,963 | ) | | | (35,683 | ) | | | (3,211,860 | ) | | | (439 | ) | | | (205 | ) | | | (272 | ) | | | (154 | ) | | | — | | | | (81,541 | ) | | | (4,042,117 | ) |
Below is the Undistributed (Distribution in excess of) Net Investment Income for the year ended October 31, 2017 as previously disclosed in the Statement of Changes in Net Assets within the October 31, 2017 Annual Report:
| | | | |
Fund | | Undistributed
(Distribution in excess of)
Net Investment Income | |
Emerging Markets Equity Fund | | $ | 19,928,872 | |
Emerging Markets Multi-Sector Bond Fund | | | 702,327 | |
Global Strategic Bond Fund | | | (371,673 | ) |
International Multi-Cap Value Fund | | | 4,762,414 | |
International Stock Fund | | | 2,001,947 | |
Tax-Aware Bond Fund | | | 110,013 | |
US Small Cap Opportunities Fund | | | (194,101 | ) |
US Small/Mid Cap Opportunities Fund | | | (3,954 | ) |
Notes to Financial Statements – (continued)
October 31, 2018
| 3. | Securities and Other Investments: |
| | a) | Restricted Investments – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments. |
| | b) | Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and a Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of October 31, 2018. |
In connection with a Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage-backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. These transactions are excluded from a Fund’s portfolio turnover rate. See each Fund’s Schedule of Investments, if applicable, for TBA commitments as of October 31, 2018.
| | c) | Mortgage-Related and Other Asset-Backed Securities – A Fund may invest in mortgage-related and other asset-backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities, stripped mortgage-backed securities, asset-backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage-related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset-backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of prepayments on underlying mortgages will affect the price and volatility of a mortgage-related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage-related securities is guaranteed by the full faith and credit of the United States Government. Mortgage-related and other asset-backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund’s Schedule of Investments, if applicable, for mortgage-related and other asset-backed securities as of October 31, 2018. |
| | d) | Inflation-Indexed Bonds – A Fund may invest in inflation-indexed bonds. Inflation-indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income on the Statements of Operations, even though investors do not receive the principal amount until maturity. See each Fund’s Schedule of Investments, if applicable, for inflation-indexed bonds as of October 31, 2018. |
| 4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why a Fund may use derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect a Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statements of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statements of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedules of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statements of Operations.
Notes to Financial Statements – (continued)
October 31, 2018
| | a) | Foreign Currency Contracts – A Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts may be used in connection with settling purchases or sales of securities to hedge the currency exposure associated with some or all of a Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by a Fund as an unrealized gain or loss. A Fund will record a realized gain or loss when the foreign currency contract is settled. |
Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.
During the year ended October 31, 2018, Emerging Markets Multi-Sector Bond Fund, Global Strategic Bond Fund, International Multi-Cap Value Fund and International Stock Fund had used Foreign Currency Contracts.
| | b) | Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily and an appropriate amount equal to the change in value (“variation margin”) is paid or received by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities. |
During the year ended October 31, 2018, Emerging Markets Multi-Sector Bond Fund, Global Strategic Bond Fund, International Multi-Cap Value Fund and Tax-Aware Bond Fund had used Futures Contracts.
| | c) | Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Option contracts are either OTC options or executed in a registered exchange (“exchange-traded options”). A Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as a Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will segregate or earmark cash or other liquid investments having, for written call options, a value equal to the greater of the exercise price or the market value of the underlying instrument and, for written put options, a value equal to the exercise price. Writing put options may increase a Fund’s exposure to the underlying instrument. Writing call options may decrease a Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. A Fund, as a writer of an option, has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk a Fund may not be able to enter into a closing transaction because of an illiquid market. A Fund may also purchase put and call options. Purchasing call options may increase a Fund’s exposure to the underlying instrument. Purchasing put options may decrease a Fund’s exposure to the underlying instrument. A Fund pays a premium, which is included on the Fund’s Statements of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into OTC options also exposes a Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements. |
During the year ended October 31, 2018, Global Strategic Bond Fund had used Options Contracts.
| | d) | Swap Contracts – A Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared through a central counterparty or derivatives clearing organization (“centrally cleared swaps”). A Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of |
Notes to Financial Statements – (continued)
October 31, 2018
| | the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency. |
Swaps are valued in accordance with the Valuation Procedures. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statements of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statements of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.
Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).
A Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between a Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statements of Assets and Liabilities, as applicable) as well as the posting of collateral to a Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while a Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. However, the Fund is still exposed to a certain amount of counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.
Credit Default Swap Contracts – The credit default swap market allows a Fund to manage credit risk through buying and selling credit protection on a specific issuer, asset or basket of assets. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.
Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statements of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedules of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.
Notes to Financial Statements – (continued)
October 31, 2018
During the year ended October 31, 2018, Emerging Markets Multi-Sector Bond Fund and Global Strategic Bond Fund had used Credit Default Swaps.
Interest Rate Swap Contracts – Certain Funds are subject to interest rate risk exposure in the normal course of pursuing its investment objectives. A Fund may use interest rate swaps to hedge interest rate and duration risk across a portfolio at particular duration points to maintain its ability to generate income at prevailing market rates. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statements of Operations. When the interest rate swap contract is terminated early, a Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.
If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions, which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. A Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive.
During the year ended October 31, 2018, Global Strategic Bond Fund had used Interest Rate Swaps.
| | e) | Additional Derivative Instrument Information: |
Emerging Markets Multi-Sector Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
Unrealized appreciation on foreign currency contracts | | $ | — | | | $ | 2,039,722 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,039,722 | |
Unrealized appreciation on swap contracts(2) | | | — | | | | — | | | | 30,358 | | | | — | | | | — | | | | — | | | | 30,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 2,039,722 | | | $ | 30,358 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,070,080 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Liabilities: | |
Unrealized depreciation on foreign currency contracts | | $ | — | | | $ | 1,560,553 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,560,553 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 1,560,553 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,560,553 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | (87,330 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (87,330 | ) |
Net realized gain (loss) on swap contracts | | | — | | | | — | | | | (133,478 | ) | | | — | | | | — | | | | — | | | | (133,478 | ) |
Net realized gain (loss) on foreign currency contracts | | | — | | | | (270,316 | ) | | | — | | | | — | | | | — | | | | — | | | | (270,316 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | (87,330 | ) | | $ | (270,316 | ) | | $ | (133,478 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (491,124 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of swap contracts | | $ | — | | | $ | — | | | $ | 30,358 | | | $ | — | | | $ | — | | | $ | — | | | $ | 30,358 | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | 425,954 | | | | — | | | | — | | | | — | | | | — | | | | 425,954 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 425,954 | | | $ | 30,358 | | | $ | — | | | $ | — | | | $ | — | | | $ | 456,312 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
Emerging Markets Multi-Sector Bond Fund – (continued)
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 24 | |
Futures Contracts Short at Number of Contracts | | | (33 | ) |
Swap Contracts at Notional Amount | | $ | 5,262,000 | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 19,155,797 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 20,287,845 | |
Global Strategic Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
Investments in securities, at value (purchased options), market value | | $ | 653,881 | | | $ | 264,391 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 918,272 | |
Unrealized appreciation on futures
contracts(1) | | | 393,907 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 393,907 | |
Unrealized appreciation on foreign currency contracts | | | — | | | | 1,569,815 | | | | — | | | | — | | | | — | | | | — | | | | 1,569,815 | |
Unrealized appreciation on swap contracts(2) | | | 96,683 | | | | — | | | | 57,226 | | | | — | | | | — | | | | — | | | | 153,909 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 1,144,471 | | | $ | 1,834,206 | | | $ | 57,226 | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,035,903 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | 270,750 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 270,750 | |
Unrealized depreciation on foreign currency contracts | | | — | | | | (1,439,022 | ) | | | — | | | | — | | | | — | | | | — | | | | (1,439,022 | ) |
Written options, market value | | | — | | | | 209,099 | | | | — | | | | — | | | | — | | | | — | | | | 209,099 | |
Unrealized depreciation on swap contracts(2) | | | 120,242 | | | | — | | | | 27,676 | | | | — | | | | — | | | | — | | | | 147,918 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 390,992 | | | $ | 1,648,121 | | | $ | 27,676 | | | $ | — | | | $ | — | | | $ | — | | | $ | (2,066,789 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | |
Net realized gain (loss) on purchased options contracts | | $ | 499,860 | | | $ | (400,515 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 99,345 | |
Net realized gain (loss) on futures contracts | | | 587,324 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 587,324 | |
Net realized gain (loss) on written options contracts | | | 18,888 | | | | 174,822 | | | | — | | | | — | | | | — | | | | — | | | | 193,710 | |
Net realized gain (loss) on swap contracts | | | 511,808 | | | | — | | | | 40,491 | | | | — | | | | — | | | | — | | | | 552,299 | |
Net realized gain (loss) on foreign currency contracts | | | — | | | | 1,165,398 | | | | — | | | | — | | | | — | | | | — | | | | 1,165,398 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 1,617,880 | | | $ | 939,705 | | | $ | 40,491 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,598,076 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of investments in purchased options contracts | | $ | (21,299 | ) | | $ | (300,269 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (321,568 | ) |
Net change in unrealized appreciation (depreciation) of futures contracts | | | (22,845 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | | | (22,845 | ) |
Net change in unrealized appreciation (depreciation) of written options contracts | | | (18,888 | ) | | | 35,274 | | | | — | | | | — | | | | — | | | | — | | | | 16,386 | |
Net change in unrealized appreciation (depreciation) of swap contracts | | | (180,169 | ) | | | — | | | | 72,628 | | | | — | | | | — | | | | — | | | | (107,541 | ) |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | (313,008 | ) | | | — | | | | — | | | | — | | | | — | | | | (313,008 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | (243,201 | ) | | $ | (578,003 | ) | | $ | 72,628 | | | $ | — | | | $ | — | | | $ | — | | | $ | (748,576 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
Global Strategic Bond Fund – (continued)
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Purchased Options Contracts at Number of Contracts | | | 40,201,505 | |
Futures Contracts Long at Number of Contracts | | | 216 | |
Futures Contracts Short at Number of Contracts | | | (435 | ) |
Written Options Contracts at Number of Contracts | | | (17,998,667 | ) |
Swap Contracts at Notional Amount | | $ | 106,038,146 | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 63,470,786 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 77,364,318 | |
International Multi-Cap Value Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
Unrealized appreciation on foreign currency contracts | | $ | — | | | $ | 72,363 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 72,363 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 72,363 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 72,363 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 1,101,839 | | | $ | — | | | $ | — | | | $ | 1,101,839 | |
Unrealized depreciation on foreign currency contracts | | | — | | | | 1,016,069 | | | | — | | | | — | | | | — | | | | — | | | | 1,016,069 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 1,016,069 | | | $ | — | | | $ | 1,101,839 | | | $ | — | | | $ | — | | | $ | 2,117,908 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (782,710 | ) | | $ | — | | | $ | — | | | $ | (782,710 | ) |
Net realized gain (loss) on foreign currency contracts | | | — | | | | 4,856,436 | | | | — | | | | — | | | | — | | | | — | | | | 4,856,436 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 4,856,436 | | | $ | — | | | $ | (782,710 | ) | | $ | — | | | $ | — | | | $ | 4,073,726 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (1,284,455 | ) | | $ | — | | | $ | — | | | $ | (1,284,455 | ) |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | (1,082,716 | ) | | | — | | | | — | | | | — | | | | — | | | | (1,082,716 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (1,082,716 | ) | | $ | — | | | $ | (1,284,455 | ) | | $ | — | | | $ | — | | | $ | (2,367,171 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 636 | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 9,232,812 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 22,104,578 | |
Notes to Financial Statements – (continued)
October 31, 2018
International Stock Fund
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | |
Net realized gain (loss) on foreign currency contracts | | $ | — | | | $ | (271 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (271 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (271 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (271 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 897,931 | |
Tax-Aware Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2018:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
Unrealized appreciation on futures contracts(1) | | $ | 4,826 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,826 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 4,826 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,826 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | 1,195 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,195 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 1,195 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,195 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2018
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Exchange
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | |
Net realized gain (loss) on futures contracts | | $ | 292,461 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 292,461 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 292,461 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 292,461 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | (49,416 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (49,416 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | (49,416 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (49,416 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 66 | |
Futures Contracts Short at Number of Contracts | | | (30 | ) |
| | (1) | Amount represents the cumulative appreciation (depreciation) on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statements of Assets and Liabilities. |
| | (2) | Amount represents the cumulative appreciation (depreciation) on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation (depreciation) on OTC swap contracts, if applicable. |
Notes to Financial Statements – (continued)
October 31, 2018
| | f) | Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy. |
The following tables present the Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by the Funds as of October 31, 2018:
Emerging Markets Multi-Sector Bond Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Foreign currency contracts | | $ | 2,039,722 | | | $ | (1,560,553 | ) |
Swap contracts | | | 30,358 | | | | — | |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 2,070,080 | | | | (1,560,553 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | — | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 2,070,080 | | | $ | (1,560,553 | ) |
| | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Assets | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Received* | | | Cash
Collateral
Received* | | | Net Amount
of Assets | |
Citibank NA | | $ | 1,579,827 | | | $ | (1,283,198 | ) | | $ | — | | | $ | — | | | $ | 296,629 | |
JP Morgan Chase & Co. | | | 259,003 | | | | (110,710 | ) | | | — | | | | — | | | | 148,293 | |
UBS AG | | | 231,250 | | | | (166,645 | ) | | | — | | | | — | | | | 64,605 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 2,070,080 | | | $ | (1,560,553 | ) | | $ | — | | | $ | — | | | $ | 509,527 | |
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Liabilities | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Pledged* | | | Cash
Collateral
Pledged* | | | Net Amount
of Liabilities | |
Citibank NA | | $ | (1,283,198 | ) | | $ | 1,283,198 | | | $ | — | | | $ | — | | | $ | — | |
JP Morgan Chase & Co. | | | (110,710 | ) | | | 110,710 | | | | — | | | | — | | | | — | |
UBS AG | | | (166,645 | ) | | | 166,645 | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (1,560,553 | ) | | $ | 1,560,553 | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | |
| | * | In some instances, the actual collateral received and/or pledged may be more than the amount shown. |
Global Strategic Bond Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Foreign currency contracts | | $ | 1,569,815 | | | $ | (1,439,022 | ) |
Futures contracts | | | 393,907 | | | | (270,750 | ) |
Purchased options | | | 918,272 | | | | — | |
Swap contracts | | | 153,909 | | | | (147,918 | ) |
Written options | | | — | | | | (209,099 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 3,035,903 | | | | (2,066,789 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | (529,090 | ) | | | 402,514 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 2,506,813 | | | $ | (1,664,275 | ) |
| | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
Global Strategic Bond Fund – (continued)
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Assets | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Received* | | | Cash
Collateral
Received* | | | Net Amount
of Assets | |
Barclays | | $ | 435,314 | | | $ | (106,895 | ) | | $ | — | | | $ | — | | | $ | 328,419 | |
BNP Paribas Securities Services | | | 132,662 | | | | (75,006 | ) | | | — | | | | — | | | | 57,656 | |
Canadian Imperial Bank of Commerce | | | 18,701 | | | | (18,701 | ) | | | — | | | | — | | | | — | |
Citibank NA | | | 298,988 | | | | (298,988 | ) | | | — | | | | — | | | | — | |
JP Morgan Chase & Co. | | | 350,245 | | | | (330,247 | ) | | | — | | | | — | | | | 19,998 | |
Morgan Stanley | | | 656,054 | | | | (13,829 | ) | | | — | | | | — | | | | 642,225 | |
State Street Global Markets LLC | | | 466,507 | | | | (221,090 | ) | | | — | | | | — | | | | 245,417 | |
UBS AG | | | 148,342 | | | | (148,342 | ) | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 2,506,813 | | | $ | (1,213,098 | ) | | $ | — | | | $ | — | | | $ | 1,293,715 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Liabilities | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Pledged* | | | Cash
Collateral
Pledged* | | | Net Amount
of Liabilities | |
Australia and New Zealand Banking Group | | $ | (30,282 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (30,282 | ) |
Banc of America Securities LLC | | | (1,082 | ) | | | — | | | | — | | | | — | | | | (1,082 | ) |
Barclays | | | (106,895 | ) | | | 106,895 | | | | — | | | | — | | | | — | |
BNP Paribas Securities Services | | | (75,006 | ) | | | 75,006 | | | | — | | | | — | | | | — | |
Canadian Imperial Bank of Commerce | | | (27,567 | ) | | | 18,701 | | | | — | | | | — | | | | (8,866 | ) |
Citibank NA | | | (541,441 | ) | | | 298,988 | | | | — | | | | — | | | | (242,453 | ) |
JP Morgan Chase & Co. | | | (330,247 | ) | | | 330,247 | | | | — | | | | — | | | | — | |
Morgan Stanley | | | (13,829 | ) | | | 13,829 | | | | — | | | | — | | | | — | |
State Street Global Markets LLC | | | (221,090 | ) | | | 221,090 | | | | — | | | | — | | | | — | |
UBS AG | | | (316,836 | ) | | | 148,342 | | | | — | | | | — | | | | (168,494 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (1,664,275 | ) | | $ | 1,213,098 | | | $ | — | | | $ | — | | | $ | (451,177 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | * | In some instances, the actual collateral received and/or pledged may be more than the amount shown. |
International Multi-Cap Value Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Foreign currency contracts | | $ | 72,363 | | | $ | (1,016,069 | ) |
Futures contracts | | | — | | | | (1,101,839 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 72,363 | | | | (2,117,908 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | 1,101,839 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 72,363 | | | $ | (1,016,069 | ) |
| | | | | | | | |
International Multi-Cap Value Fund
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Assets | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Received* | | | Cash
Collateral
Received* | | | Net Amount
of Assets | |
UBS AG | | $ | 72,363 | | | $ | — | | | $ | — | | | $ | — | | | $ | 72,363 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Counterparty | | Gross Amount
of Liabilities | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Pledged* | | | Cash
Collateral
Pledged* | | | Net Amount
of Liabilities | |
Banc of America Securities LLC | | $ | (889,963 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (889,963 | ) |
Morgan Stanley | | | (126,106 | ) | | | — | | | | — | | | | — | | | | (126,106 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (1,016,069 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (1,016,069 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | * | In some instances, the actual collateral received and/or pledged may be more than the amount shown. |
Notes to Financial Statements – (continued)
October 31, 2018
Tax-Aware Bond Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | 4,826 | | | $ | (1,195 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 4,826 | | | | (1,195 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | (4,826 | ) | | | 1,195 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | — | | | $ | — | |
| | | | | | | | |
A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.
The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.
Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage-backed securities, senior floating rate interests and certain asset-backed securities. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.
Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. These risks are heightened for investments in issuers from countries with less developed markets.
Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. A Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.
| | a) | Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2018. 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 due to redemptions in-kind, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net |
Notes to Financial Statements – (continued)
October 31, 2018
| | investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund. |
| | c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2018 and October 31, 2017 are as follows (as adjusted for dividends payable, if applicable): |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
Fund | | Tax Exempt
Income | | | Ordinary
Income | | | Long-Term
Capital Gains | | | Tax Return
of Capital | | | Tax Exempt
Income | | | Ordinary
Income | | | Long-Term
Capital Gains | | | Tax Return
of Capital | |
Emerging Markets Equity Fund | | $ | — | | | $ | 24,238,168 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,574,845 | | | $ | — | | | $ | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | 4,432,188 | | | | 1,034,146 | | | | 2,626,104 | | | | — | | | | 4,399,514 | | | | — | | | | — | |
Global Strategic Bond Fund | | | — | | | | 801,207 | | | | — | | | | — | | | | — | | | | 2,117,370 | | | | — | | | | 261,217 | |
International Multi-Cap Value Fund | | | — | | | | 64,900,706 | | | | — | | | | — | | | | — | | | | 16,605,178 | | | | — | | | | — | |
International Stock Fund | | | — | | | | 2,346,035 | | | | — | | | | — | | | | — | | | | 2,580,971 | | | | — | | | | — | |
Tax-Aware Bond Fund | | | 3,817,404 | | | | 1,301,064 | | | | 231,010 | | | | — | | | | 2,751,137 | | | | 1,284,451 | | | | 555,997 | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | 3,918,142 | | | | 13,142,879 | | | | — | | | | — | | | | 531,802 | | | | 7,277,568 | | | | — | |
US Small/Mid Cap Opportunities Fund | | | — | | | | 9,081,501 | | | | 4,163,310 | | | | — | | | | — | | | | 1,586,897 | | | | 3,133,454 | | | | — | |
As of October 31, 2018, the components of distributable earnings (deficit) for each Fund on a tax basis are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Tax Exempt
Income | | | Undistributed
Ordinary
Income | | | Undistributed
Long-Term
Capital Gains | | | Accumulated
Capital and
Other Losses | | | Other
Temporary
Differences | | | Unrealized
Appreciation
(Depreciation) on
Investments | | | Total
Accumulated
Earnings
(Deficit) | |
Emerging Markets Equity Fund | | $ | — | | | $ | 35,303,460 | | | $ | — | | | $ | (247,158,907 | ) | | $ | (3,445 | ) | | $ | 351,184,114 | | | $ | 139,325,222 | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | (7,027,308 | ) | | | (24,908 | ) | | | (4,769,820 | ) | | | (11,822,036 | ) |
Global Strategic Bond Fund | | | — | | | | 502,100 | | | | — | | | | (4,328,093 | ) | | | 425 | | | | (1,594,060 | ) | | | (5,419,628 | ) |
International Multi-Cap Value Fund | | | — | | | | 38,270,180 | | | | 18,475,074 | | | | — | | | | (7,320 | ) | | | (197,485,368 | ) | | | (140,747,434 | ) |
International Stock Fund | | | — | | | | 8,871,555 | | | | 8,985,009 | | | | — | | | | — | | | | 3,521,265 | | | | 21,377,829 | |
Tax-Aware Bond Fund | | | 296,877 | | | | — | | | | 2,272,788 | | | | — | | | | (1,222 | ) | | | 157,258 | | | | 2,725,701 | |
US Small Cap Opportunities Fund | | | — | | | | 3,160,509 | | | | 10,972,811 | | | | — | | | | — | | | | 27,834,333 | | | | 41,967,653 | |
US Small/Mid Cap Opportunities Fund | | | — | | | | 5,816,125 | | | | 14,900,171 | | | | — | | | | (2,791 | ) | | | 45,967,152 | | | | 66,680,657 | |
| | d) | Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2018 is different from book purposes primarily due to wash sale loss deferrals and passive foreign investment company (PFIC) mark-to-market adjustments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on swaps, forwards, futures, options and PFICs. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below: |
| | | | | | | | | | | | | | | | |
Fund | | Tax Cost | | | Gross Unrealized
Appreciation | | | Gross Unrealized
Depreciation | | | Net Unrealized
Appreciation
(Depreciation) | |
Emerging Markets Equity Fund | | $ | 2,660,536,961 | | | $ | 528,373,970 | | | $ | (176,109,418 | ) | | $ | 352,264,552 | |
Emerging Markets Multi-Sector Bond Fund | | | 110,467,190 | | | | 562,777 | | | | (5,351,198 | ) | | | (4,788,421 | ) |
Global Strategic Bond Fund | | | 64,164,460 | | | | 477,032 | | | | (1,938,760 | ) | | | (1,461,728 | ) |
International Multi-Cap Value Fund | | | 2,082,247,648 | | | | 54,266,458 | | | | (251,595,928 | ) | | | (197,329,470 | ) |
International Stock Fund | | | 223,132,335 | | | | 18,049,508 | | | | (14,522,838 | ) | | | 3,526,670 | |
Tax-Aware Bond Fund | | | 220,735,045 | | | | 3,645,627 | | | | (3,488,369 | ) | | | 157,258 | |
US Small Cap Opportunities Fund | | | 143,101,407 | | | | 37,198,136 | | | | (9,363,774 | ) | | | 27,834,362 | |
US Small/Mid Cap Opportunities Fund | | | 1,003,173,385 | | | | 103,103,325 | | | | (57,136,173 | ) | | | 45,967,152 | |
| | e) | Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as expiration of capital loss carryforwards and redemption in-kind transactions. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of |
Notes to Financial Statements – (continued)
October 31, 2018
| | book and tax differences that exist. For the year ended October 31, 2018, the Funds recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | | | | | |
Fund | | Paid-in-Capital | | | Distributable
earnings(loss) | |
Emerging Markets Multi-Sector Bond Fund | | $ | 1,812,957 | | | $ | (1,812,957 | ) |
Global Strategic Bond Fund | | | 2 | | | | (2 | ) |
International Multi-Cap Value Fund | | | (2 | ) | | | 2 | |
US Small Cap Opportunities Fund | | | 653,679 | | | | (653,679 | ) |
| | f) | Capital Loss Carryforward – At October 31, 2018 (tax year end), capital loss carryforwards for U.S. federal income tax purposes were as follows: |
| | | | | | | | |
Fund | | Short-Term
Capital Loss
Carryforward
with No Expiration | | | Long-Term
Capital Loss
Carryforward
with No Expiration | |
Emerging Markets Equity Fund | | $ | 187,268,896 | | | $ | 59,890,011 | |
Emerging Markets Multi-Sector Bond Fund | | | 6,939,597 | * | | | 87,711 | * |
Global Strategic Bond Fund | | | 2,287,115 | | | | 2,040,978 | |
| | * | Future utilization of losses are subject to limitation under current tax laws. |
The International Multi-Cap Value Fund, International Stock Fund, Tax-Aware Bond Fund, US Small Cap Opportunities Fund and US Small/Mid Cap Opportunities Fund had no capital loss carryforwards for U.S. federal income tax purposes as of October 31, 2018.
During the year ended October 31, 2018, Global Strategic Bond Fund and International Stock Fund utilized $1,493,027 and $5,551,345 of prior year capital loss carryforwards, respectively.
| | g) | Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, management reviews each Fund’s tax positions for all open tax years. As of October 31, 2018, management had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months. |
| | a) | Investment Management Agreement – Hartford Funds Management Company, LLC (“HFMC”) serves as each Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Schroder Investment Management North America Inc. (“SIMNA”) under a sub-advisory agreement and SIMNA has contracted with Schroder Investment Management North America Limited (“SIMNA Ltd.”) under a sub-sub-advisory agreement with respect to certain Funds. SIMNA performs the daily investment of the assets of each Fund in accordance with the Fund’s investment objective and policies. SIMNA Ltd. also performs daily investment of the assets for each of Emerging Markets Equity Fund, Global Strategic Bond Fund, International Multi-Cap Value Fund and International Stock Fund. Each Fund pays a fee to HFMC, a portion of which may be used to compensate SIMNA. |
The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2018; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
| | |
Fund | | Management Fee Rates |
Emerging Markets Equity Fund | | 1.050% on first $1 billion and; |
| | 1.000% on next $4 billion and; |
| | 0.990% on next $5 billion and; |
| | 0.985% over $10 billion |
| |
Emerging Markets Multi-Sector Bond Fund | | 0.700% on first $1 billion and; |
| | 0.650% on next $4 billion and; |
| | 0.640% on next $5 billion and; |
| | 0.635% over $10 billion |
| |
Global Strategic Bond Fund | | 0.660% on first $1 billion and; |
| | 0.580% on next $4 billion and; |
| | 0.555% on next $5 billion and; |
| | 0.545% over $10 billion |
Notes to Financial Statements – (continued)
October 31, 2018
| | |
Fund | | Management Fee Rates |
| |
International Multi-Cap Value Fund | | 0.720% on first $1 billion and; |
| | 0.680% on next $4 billion and; |
| | 0.675% on next $5 billion and; |
| | 0.670% over $10 billion |
| |
International Stock Fund | | 0.750% on first $1 billion and; |
| | 0.700% on next $4 billion and; |
| | 0.690% on next $5 billion and; |
| | 0.685% over $10 billion |
| |
Tax-Aware Bond Fund | | 0.450% on first $1 billion and; |
| | 0.430% on next $4 billion and; |
| | 0.425% on next $5 billion and; |
| | 0.420% over $10 billion |
| |
US Small Cap Opportunities Fund | | 0.900% on first $1 billion and; |
| | 0.890% on next $4 billion and; |
| | 0.880% on next $5 billion and; |
| | 0.870% over $10 billion |
| |
US Small/Mid Cap Opportunities Fund | | 0.850% on first $1 billion and; |
| | 0.800% on next $4 billion and; |
| | 0.790% on next $5 billion and; |
| | 0.785% over $10 billion |
From November 1, 2017 through February 28, 2018, International Multi-Cap Value Fund paid the rate set forth below to HFMC for investment management services rendered. The rate was accrued daily and paid monthly based on the Fund’s average daily net assets.
| | |
International Multi-Cap Value Fund | | 0.770% on first $1 billion and; |
| | 0.720% on next $4 billion and; |
| | 0.710% on next $5 billion and; |
| | 0.705% over $10 billion |
| | b) | Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and the Company, on behalf of each Fund, HFMC provides accounting services to each Fund and receives monthly compensation based on each Fund’s average daily net assets at the rates set forth below. Each Fund’s accounting services fees are accrued daily and paid monthly. |
| | | | |
| |
Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, Global Strategic Bond Fund, International Multi-Cap Value Fund, and
International Stock Fund | |
| Average Daily Net Assets | | Annual Fees | |
first $3.5 billion and; | | | 0.018% | |
next $3.5 billion and | | | 0.014% | |
Amount over $7 billion | | | 0.010% | |
| |
| Tax-Aware Bond Fund, US Small Cap Opportunities Fund, and US Small/Mid Cap Opportunities Fund | |
| Average Daily Net Assets | | Annual Fees | |
first $3.5 billion and; | | | 0.014% | |
next $3.5 billion and | | | 0.012% | |
Amount over $7 billion | | | 0.010% | |
HFMC has delegated certain accounting and administrative services functions to State Street Bank and Trust Company (“State Street”). The costs and expenses of such delegation are borne by HFMC, not by the Funds, and HFMC compensates State Street for its services out of its own resources.
| | c) | Operating Expenses – Allocable expenses incurred by the Company are allocated to each series within the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2018, HFMC contractually limited the |
Notes to Financial Statements – (continued)
October 31, 2018
| | total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) through February 28, 2019 as follows for each of the following Funds: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Expense Limit as a Percentage of Average Daily Net Assets | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
Emerging Markets Equity Fund | | | 1.50 | % | | | 2.25 | % | | | 1.25 | % | | | 1.80 | % | | | 1.50 | % | | | 1.20 | % | | | 1.15 | % | | | 1.10 | % | | | 1.10 | % |
Emerging Markets Multi-Sector Bond Fund(1) | | | 1.15 | % | | | 1.90 | % | | | 0.90 | % | | | 1.45 | % | | | 1.15 | % | | | 0.85 | % | | | 0.80 | % | | | 0.75 | % | | | 0.75 | % |
Global Strategic Bond Fund | | | 1.04 | % | | | 1.86 | % | | | 0.79 | % | | | 1.41 | % | | | 1.11 | % | | | 0.81 | % | | | 0.76 | % | | | 0.64 | % | | | 0.64 | % |
International Multi-Cap Value Fund | | | 1.15 | % | | | 1.97 | % | | | 0.90 | % | | | 1.52 | % | | | 1.22 | % | | | 0.92 | % | | | 0.87 | % | | | 0.75 | % | | | 0.75 | % |
International Stock Fund | | | 1.20 | % | | | 1.95 | % | | | 0.95 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.85 | % | | | 0.80 | % | | | 0.80 | % |
Tax-Aware Bond Fund | | | 0.71 | % | | | 1.59 | % | | | 0.46 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.54 | % | | | 0.46 | % | | | 0.46 | % |
US Small Cap Opportunities Fund | | | 1.35 | % | | | 2.10 | % | | | 1.10 | % | | | 1.65 | % | | | 1.35 | % | | | 1.05 | % | | | 1.00 | % | | | 0.95 | % | | | 0.95 | % |
US Small/Mid Cap Opportunities Fund | | | 1.30 | % | | | 2.05 | % | | | 1.05 | % | | | 1.60 | % | | | 1.30 | % | | | 1.00 | % | | | 0.95 | % | | | 0.90 | % | | | 0.90 | % |
| | (1) | This contractual arrangement will remain in effect until May 31, 2019 unless the Board approves its earlier termination. |
| | d) | Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. In addition, the Funds’ custodian bank has agreed to reduce its fees when a Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended October 31, 2018, these amounts, if any, are included in the Statements of Operations. |
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
Emerging Markets Equity Fund | | | 1.45 | % | | | 2.19 | % | | | 1.24 | % | | | 1.70 | % | | | 1.48 | % | | | 1.20 | % | | | 1.11 | % | | | 1.08 | % | | | 1.08 | % |
Emerging Markets Multi-Sector Bond Fund | | | 1.08 | % | | | 1.90 | % | | | 0.85 | % | | | 1.25 | % | | | 0.92 | % | | | 0.85 | % | | | 0.77 | % | | | 0.75 | % | | | 0.75 | % |
Global Strategic Bond Fund | | | 1.02 | % | | | 1.64 | % | | | 0.77 | % | | | 0.88 | % | | | 0.81 | % | | | 0.77 | % | | | 0.69 | % | | | 0.64 | % | | | 0.64 | % |
International Multi-Cap Value Fund | | | 1.10 | % | | | 1.85 | % | | | 0.84 | % | | | 1.43 | % | | | 1.16 | % | | | 0.85 | % | | | 0.81 | % | | | 0.75 | % | | | 0.75 | % |
International Stock Fund | | | 1.16 | % | | | 1.92 | % | | | 0.85 | % | | | 1.02 | % | | | 0.97 | % | | | 0.90 | % | | | 0.81 | % | | | 0.80 | % | | | 0.80 | % |
Tax-Aware Bond Fund | | | 0.71 | % | | | 1.53 | % | | | 0.46 | % | | | NA | | | | NA | | | | NA | | | | 0.48 | % | | | 0.46 | % | | | 0.46 | % |
US Small Cap Opportunities Fund | | | 1.34 | % | | | 2.09 | % | | | 1.04 | % | | | 1.58 | % | | | 1.13 | % | | | 1.05 | % | | | 0.95 | % | | | 0.95 | % | | | 0.95 | % |
US Small/Mid Cap Opportunities Fund | | | 1.25 | % | | | 2.01 | % | | | 0.98 | % | | | 1.60 | % | | | 1.30 | % | | | 1.00 | % | | | 0.94 | % | | | 0.90 | % | | | 0.90 | % |
| | e) | Sales Charges and Distribution and Service Plan for Class A, T, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2018, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows: |
| | | | | | | | |
Fund | | Front-end
Sales Charges | | | Contingent Deferred
Sales Charges | |
Emerging Markets Equity Fund | | $ | 133,197 | | | $ | 2,810 | |
Emerging Markets Multi-Sector Bond Fund | | | 6,440 | | | | 96 | |
Global Strategic Bond Fund | | | 9 | | | | — | * |
International Multi-Cap Value Fund | | | 505,631 | | | | 12,730 | |
International Stock Fund | | | 129,006 | | | | 183 | |
Tax-Aware Bond Fund | | | 33,368 | | | | 6,051 | |
US Small Cap Opportunities Fund | | | 75,139 | | | | 1,408 | |
US Small/Mid Cap Opportunities Fund | | | 536,592 | | | | 22,797 | |
| | * | Amount rounds to less than $1. |
The Board of Directors of the Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, T, C, R3 and R4 shares. Under a Plan, Class A, Class T, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class T Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class T shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. As of October 31, 2018, Class T shares have not commenced operations. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine.
Notes to Financial Statements – (continued)
October 31, 2018
| | f) | Redemption Fees – Prior to October 24, 2016, certain Predecessor Funds (Schroder Emerging Market Equity Fund, Schroder International Alpha Fund, Schroder International Multi-Cap Value Fund, Schroder U.S. Opportunities Fund and Schroder U.S. Small and Mid Cap Opportunities Fund) generally imposed a 2.00% redemption fee on shares redeemed (including in connection with an exchange) two months or less from their date of purchase. These fees, which are not sales charges, were retained by the Predecessor Funds and not paid to Schroder Fund Advisors LLC (“SFA”), or any other entity. The redemption fees are included in the Statements of Changes in Net Assets under “Redemption fees,” and are included as part of “Paid-in-Capital” on the Statements of Assets and Liabilities. Subsequent to the reorganization, the Funds did not impose any redemption fees. |
| | g) | Other Related Party Transactions – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2018, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below. |
| | | | |
Fund | | CCO Compensation
Paid by Fund | |
Emerging Markets Equity Fund | | $ | 6,398 | |
Emerging Markets Multi-Sector Bond Fund | | | 327 | |
Global Strategic Bond Fund | | | 134 | |
International Multi-Cap Value Fund | | | 3,578 | |
International Stock Fund | | | 423 | |
Tax-Aware Bond Fund | | | 517 | |
US Small Cap Opportunities Fund | | | 409 | |
US Small/Mid Cap Opportunities Fund | | | 1,978 | |
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.
| | | | |
Share Class | | Specified Amount
(as a percentage
average daily
net assets) | |
Class A | | | 0.25 | % |
Class C | | | 0.25 | % |
Class I | | | 0.20 | % |
Class Y | | | 0.06 | % |
Class R3 | | | 0.02 | % |
Class R4 | | | 0.02 | % |
Class R5 | | | 0.02 | % |
Class F | | | 0.004 | %* |
Class SDR | | | 0.004 | % |
| | * | For the period November 1, 2017 through February 28, 2018, the Specified Amount for Class F was equal to 0.00% of average daily net assets. |
Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.
For the year ended October 31, 2018, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
Emerging Markets Equity Fund | | | 0.12 | % | | | 0.11 | % | | | 0.16 | % | | | 0.02 | % | | | 0.00 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.00 | % |
Emerging Markets Multi-Sector Bond Fund | | | 0.10 | % | | | 0.22 | % | | | 0.08 | % | | | 0.01 | % | | | 0.02 | % | | | 0.02 | % | | | 0.01 | % | | | 0.00 | % | | | 0.00 | % |
Global Strategic Bond Fund | | | 0.14 | % | | | 0.25 | % | | | 0.10 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.06 | % | | | 0.00 | % | | | 0.00 | % |
International Multi-Cap Value Fund | | | 0.10 | % | | | 0.10 | % | | | 0.09 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.05 | % | | | 0.00 | % | | | 0.00 | % |
International Stock Fund | | | 0.11 | % | | | 0.12 | % | | | 0.05 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % |
Tax-Aware Bond Fund | | | 0.06 | % | | | 0.07 | % | | | 0.08 | % | | | NA | | | | NA | | | | NA | | | | 0.02 | % | | | 0.00 | % | | | 0.00 | % |
US Small Cap Opportunities Fund | | | 0.15 | % | | | 0.15 | % | | | 0.09 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % |
US Small/Mid Cap Opportunities Fund | | | 0.10 | % | | | 0.11 | % | | | 0.08 | % | | | 0.02 | % | | | 0.02 | % | | | 0.02 | % | | | 0.05 | % | | | 0.00 | % | | | 0.00 | % |
Notes to Financial Statements – (continued)
October 31, 2018
Administrative services fees for third-party recordkeeping services were payable as a percentage of net assets in the amount of up to 0.20%, 0.15% and 0.10% for Classes R3, R4 and R5 shares, respectively. The total administrative services fees are shown on the Statements of Operations. These fees were accrued daily and paid monthly.
A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the risk that the principal value of the collateral invested may decline; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.
At October 31, 2018, the following Funds had securities on loan at market value, cash collateral and non-cash collateral as follows:
| | | | | | | | | | | | |
Fund | | Market Value of
Securities on Loan(1) | | | Cash Collateral | | | Non-Cash
Collateral(2)(3) | |
Emerging Markets Equity Fund | | $ | 16,958,344 | | | $ | 9,179,179 | | | $ | 9,444,329 | |
Emerging Markets Multi-Sector Bond Fund | | | 5,225,877 | | | | 5,535,813 | | | | — | |
International Multi-Cap Value Fund | | | 39,223,807 | | | | 33,929,393 | | | | 7,581,966 | |
International Stock Fund | | | 3,427,704 | | | | 2,602,670 | | | | 1,222,654 | |
US Small Cap Opportunities Fund | | | 2,561,841 | | | | 2,481,664 | | | | 150,590 | |
US Small/Mid Cap Opportunities Fund | | | 23,856,412 | | | | 21,958,100 | | | | 2,329,814 | |
| | (1) | It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract. |
| | (2) | These securities are held for the benefit of the Fund at the Fund’s custodian. The Fund cannot repledge or resell this collateral. As such, collateral is excluded from the Statement of Assets and Liabilities. |
| | (3) | U.S. Government securities |
The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2018.
Certain Transfers Accounted for as Secured Borrowings
Remaining Contractual Maturity of the Agreements
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| Emerging Markets Equity Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 9,179,179 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9,179,179 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 9,179,179 | | | $ | — | | | $ | — | | | $ | — | | | $ | 9,179,179 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 9,179,179 | |
| | | | | |
| | | | | |
| Emerging Markets Multi-Sector Bond Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Corporate Bonds | | $ | 958,092 | | | $ | — | | | $ | — | | | $ | — | | | $ | 958,092 | |
Foreign Government Obligations | | | 4,577,721 | | | | — | | | | — | | | | — | | | | 4,577,721 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 5,535,813 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,535,813 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 5,535,813 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,535,813 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | | | | | | | | | | | | | $ | 5,535,813 | |
| | | | | |
| | | | | |
| International Multi-Cap Value Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 33,929,393 | | | $ | — | | | $ | — | | | $ | — | | | $ | 33,929,393 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 33,929,393 | | | $ | — | | | $ | — | | | $ | — | | | $ | 33,929,393 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 33,929,393 | |
| | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| International Stock Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 2,602,670 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,602,670 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 2,602,670 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,602,670 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 2,602,670 | |
| | | | | |
| | | | | |
| US Small Cap Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 1,821,121 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,821,121 | |
Exchange-Traded Funds | | | 660,543 | | | | — | | | | — | | | | — | | | | 660,543 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 2,481,664 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,481,664 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 2,481,664 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,481,664 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 2,481,664 | |
| | | | | |
| US Small/Mid Cap Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 3,421,926 | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,421,926 | |
Exchange-Traded Funds | | | 18,536,174 | | | | — | | | | — | | | | — | | | | 18,536,174 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 21,958,100 | | | $ | — | | | $ | — | | | $ | — | | | $ | 21,958,100 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 21,958,100 | | | $ | — | | | $ | — | | | $ | — | | | $ | 21,958,100 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 21,958,100 | |
| | | | | |
| | (1) | Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand. |
As of October 31, 2018, affiliates of The Hartford had ownership of shares in each Fund as follows:
Percentage of a Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
Emerging Markets Equity Fund | | | — | | | | — | | | | — | | | | 12 | % | | | — | %* | | | — | | | | — | | | | — | | | | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | 100 | % | | | 100 | % | | | 100 | % | | | — | | | | — | | | | — | |
Global Strategic Bond Fund | | | — | | | | 17 | % | | | — | | | | 100 | % | | | 100 | % | | | 100 | % | | | 100 | % | | | 100 | % | | | — | |
International Multi-Cap Value Fund | | | — | | | | — | | | | — | | | | 2 | % | | | — | | | | — | | | | — | | | | — | | | | — | |
International Stock Fund | | | — | | | | — | | | | — | | | | 100 | % | | | 100 | % | | | 100 | % | | | — | %* | | | — | | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | | | | — | | | | N/A | | | | N/A | | | | N/A | | | | 5 | % | | | — | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | — | | | | — | | | | 16 | % | | | 100 | % | | | 55 | % | | | — | | | | — | | | | — | |
US Small/Mid Cap Opportunities Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1 | % | | | — | | | | — | | | | — | |
Percentage of Fund by Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
Emerging Markets Equity Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | | | | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | | | | — | | | | — | | | | — | |
Global Strategic Bond Fund | | | — | | | | — | %* | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | %* | | | — | %* | | | — | |
International Multi-Cap Value Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | | | | — | | | | — | | | | — | |
International Stock Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | | | | — | | | | N/A | | | | N/A | | | | N/A | | | | — | %* | | | — | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | | | | — | |
US Small/Mid Cap Opportunities Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | | | | — | |
| | * | Percentage rounds to zero. |
As of October 31, 2018, affiliated funds of funds in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds. Affiliated funds of funds owned shares in the Funds listed below as follows:
| | | | |
Funds | | Percentage
of Fund* | |
Emerging Markets Equity Fund | | | 1 | % |
International Multi-Cap Value Fund | | | 4 | % |
| | * | As of October 31, 2018, the affiliated funds of funds were invested in Class F shares. |
Notes to Financial Statements – (continued)
October 31, 2018
| 10. | Affiliate Issuer Transactions: |
A summary of affiliate issuer transactions for the Global Strategic Bond Fund for the year ended October 31, 2018 is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated Issuer | | Beginning
Value as of
October 31, 2017 | | | Purchases
at Cost | | | Proceeds
from Sales | | | Net
Realized
Gain/(Loss)
on Sales | | | Change in
Unrealized
Appreciation/
Depreciation | | | Ending
Value as of
October 31, 2018 | | | Par as of
October 31, 2018 | | | Interest
Income | | | Capital Gain
Distributions | |
| Global Strategic Bond Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Hartford Financial Services Group, Inc. | | $ | 26,527 | | | $ | — | | | $ | 25,658 | | | $ | (1,030 | ) | | $ | 161 | | | $ | — | | | $ | — | | | $ | 598 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 26,527 | | | $ | — | | | $ | 25,658 | | | $ | (1,030 | ) | | $ | 161 | | | $ | — | | | $ | — | | | $ | 598 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11. | Investment Transactions: |
For the year ended October 31, 2018, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Cost of Purchases
Excluding U.S.
Government
Obligations | | | Sales Proceeds
Excluding U.S.
Government
Obligations | | | Cost of Purchases
For U.S.
Government
Obligations | | | Sales Proceeds
For U.S.
Government
Obligations | | | Total Cost of
Purchases | | | Total Sales
Proceeds | |
Emerging Markets Equity Fund | | $ | 1,368,447,875 | | | $ | 722,209,773 | | | $ | — | | | $ | — | | | $ | 1,368,447,875 | | | $ | 722,209,773 | |
Emerging Markets Multi-Sector Bond Fund | | | 325,808,887 | | | | 295,146,204 | | | | — | | | | — | | | | 325,808,887 | | | | 295,146,204 | |
Global Strategic Bond Fund | | | 84,094,111 | | | | 73,639,124 | | | | 4,791,874 | | | | 11,635,660 | | | | 88,885,985 | | | | 85,274,784 | |
International Multi-Cap Value Fund | | | 2,203,921,406 | | | | 1,480,077,365 | | | | — | | | | — | | | | 2,203,921,406 | | | | 1,480,077,365 | |
International Stock Fund | | | 174,663,835 | | | | 131,339,100 | | | | — | | | | — | | | | 174,663,835 | | | | 131,339,100 | |
Tax-Aware Bond Fund | | | 197,300,191 | | | | 224,906,011 | | | | 175,483,219 | | | | 170,970,908 | | | | 372,783,410 | | | | 395,876,919 | |
US Small Cap Opportunities Fund | | | 72,753,729 | | | | 89,080,001 | | | | — | | | | — | | | | 72,753,729 | | | | 89,080,001 | |
US Small/Mid Cap Opportunities Fund | | | 543,739,298 | | | | 332,360,056 | | | | — | | | | — | | | | 543,739,298 | | | | 332,360,056 | |
| 12. | Capital Share Transactions: |
The following information is for the year ended October 31, 2018, and the year ended October 31, 2017:
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Emerging Markets Equity Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,351,701 | | | $ | 22,179,102 | | | | 1,322,665 | | | $ | 18,053,422 | |
Shares Issued for Reinvested Dividends | | | 19,652 | | | | 324,655 | | | | 22,460 | | | | 265,033 | |
Shares Redeemed | | | (1,361,715 | ) | | | (22,311,807 | ) | | | (1,163,853 | ) | | | (15,869,760 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 9,638 | | | | 191,950 | | | | 181,272 | | | | 2,448,695 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 397,185 | | | $ | 6,432,700 | | | | 242,120 | | | $ | 3,453,577 | |
Shares Issued for Reinvested Dividends | | | 1,164 | | | | 19,052 | | | | 158 | | | | 1,862 | |
Shares Redeemed | | | (105,020 | ) | | | (1,631,048 | ) | | | (15,549 | ) | | | (231,870 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 293,329 | | | | 4,820,704 | | | | 226,729 | | | | 3,223,569 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 50,652,325 | | | $ | 814,813,057 | | | | 78,005,000 | | | $ | 1,043,162,795 | |
Shares Issued for Reinvested Dividends | | | 376,940 | | | | 6,211,965 | | | | 423,698 | | | | 4,986,920 | |
Shares Redeemed | | | (41,674,889 | ) | | | (687,276,537 | ) | | | (45,571,924 | ) | | | (629,684,375 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 9,354,376 | | | | 133,748,485 | | | | 32,856,774 | | | | 418,465,340 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,636 | | | $ | 92,693 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 14 | | | | 237 | | | | 7 | | | | 78 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,650 | | | | 92,930 | | | | 7 | | | | 78 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 257,038 | | | $ | 3,790,255 | | | | 7,576 | | | $ | 100,000 | |
Shares Issued for Reinvested Dividends | | | 60 | | | | 985 | | | | 7 | | | | 84 | |
Shares Redeemed | | | (764 | ) | | | (11,085 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 256,334 | | | | 3,780,155 | | | | 7,583 | | | | 100,084 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Emerging Markets Equity Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 50,381 | | | $ | 822,445 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 7 | | | | 113 | | | | 7 | | | | 89 | |
Shares Redeemed | | | (16,767 | ) | | | (275,709 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 33,621 | | | | 546,849 | | | | 7 | | | | 89 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,981,181 | | | $ | 64,579,136 | | | | 8,298,496 | | | $ | 117,821,460 | |
Shares Issued for Reinvested Dividends | | | 33,693 | | | | 555,933 | | | | 8 | | | | 91 | |
Shares Redeemed | | | (1,293,384 | ) | | | (20,507,353 | ) | | | (2,285,099 | ) | | | (31,185,723 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,721,490 | | | | 44,627,716 | | | | 6,013,405 | | | | 86,635,828 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,323,032 | | | $ | 160,685,332 | | | | 3,452,646 | | | $ | 50,114,175 | |
Shares Issued for Reinvested Dividends | | | 25,086 | | | | 413,171 | | | | — | | | | — | |
Shares Redeemed | | | (996,887 | ) | | | (15,984,770 | ) | | | (837,090 | ) | | | (13,027,004 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 8,351,231 | | | | 145,113,733 | | | | 2,615,556 | | | | 37,087,171 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 29,358,587 | | | $ | 476,601,082 | | | | 6,283,279 | | | $ | 87,718,525 | |
Shares Issued for Reinvested Dividends | | | 364,477 | | | | 6,013,870 | | | | 390,179 | | | | 4,596,313 | |
Shares Redeemed | | | (7,382,271 | ) | | | (118,106,317 | ) | | | (7,597,655 | ) | | | (108,932,662 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 22,340,793 | | | | 364,508,635 | | | | (924,197 | ) | | | (16,617,824 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 43,366,462 | | | $ | 697,431,157 | | | | 40,977,136 | | | $ | 531,343,030 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Emerging Markets Multi-Sector Bond Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 402,216 | | | $ | 3,700,507 | | | | 81,249 | | | $ | 787,575 | |
Issued in Merger | | | 281,979 | | | | 2,506,424 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 17,182 | | | | 159,189 | | | | 6,811 | | | | 65,928 | |
Shares Redeemed | | | (563,492 | ) | | | (5,084,030 | ) | | | (14,920 | ) | | | (146,192 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 137,885 | | | | 1,282,090 | | | | 73,140 | | | | 707,311 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 45,422 | | | $ | 443,068 | | | | 6,102 | | | $ | 59,789 | |
Issued in Merger | | | 1,988 | | | | 17,583 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 1,946 | | | | 17,725 | | | | 193 | | | | 1,889 | |
Shares Redeemed | | | (9,338 | ) | | | (84,441 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 40,018 | | | | 393,935 | | | | 6,295 | | | | 61,678 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,324,341 | | | $ | 31,531,124 | | | | 938,073 | | | $ | 9,272,835 | |
Issued in Merger | | | 2,872,206 | | | | 25,494,558 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 179,956 | | | | 1,665,910 | | | | 59,168 | | | | 571,169 | |
Shares Redeemed | | | (3,761,993 | ) | | | (34,197,414 | ) | | | (391,380 | ) | | | (3,787,727 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,614,510 | | | | 24,494,178 | | | | 605,861 | | | | 6,056,277 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 2,497 | | | $ | 25,000 | |
Shares Issued for Reinvested Dividends | | | 179 | | | | 1,731 | | | | 68 | | | | 650 | |
Shares Redeemed | | | (2,600 | ) | | | (24,251 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,421 | ) | | | (22,520 | ) | | | 2,565 | | | | 25,650 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 81 | | | $ | 761 | | | | 69 | | | $ | 663 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 81 | | | | 761 | | | | 69 | | | | 663 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 83 | | | $ | 777 | | | | 71 | | | $ | 681 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 83 | | | | 777 | | | | 71 | | | | 681 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 93,767 | | | $ | 889,901 | | | | 10,970 | | | $ | 107,280 | |
Issued in Merger | | | 1,138 | | | | 10,099 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 4,461 | | | | 41,123 | | | | 227 | | | | 2,237 | |
Shares Redeemed | | | (1,118 | ) | | | (11,028 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 98,248 | | | | 930,095 | | | | 11,197 | | | | 109,517 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Emerging Markets Multi-Sector Bond Fund – (continued) | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,208,154 | | | $ | 32,021,600 | | | | 1,031 | | | $ | 10,000 | |
Issued in Merger | | | 1,141 | | | | 10,124 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 223,980 | | | | 2,097,891 | | | | 45 | | | | 447 | |
Shares Redeemed | | | (149,507 | ) | | | (1,346,346 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,283,768 | | | | 32,783,269 | | | | 1,076 | | | | 10,447 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,095,892 | | | $ | 10,616,663 | | | | 374,857 | | | $ | 3,631,336 | |
Issued in Merger | | | 150,691 | | | | 1,338,890 | | | | — | | | | — | |
Shares Issued for Reinvested Dividends | | | 273,776 | | | | 2,574,996 | | | | 218,026 | �� | | | 2,102,109 | |
Shares Redeemed | | | (3,271,657 | ) | | | (29,597,161 | ) | | | (109,824 | ) | | | (1,057,729 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,751,298 | ) | | | (15,066,612 | ) | | | 483,059 | | | | 4,675,716 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 4,420,874 | | | $ | 44,795,973 | | | | 1,183,333 | | | $ | 11,647,940 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Global Strategic Bond Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 48,811 | | | $ | 446,997 | | | | 25,807 | | | $ | 234,929 | |
Shares Issued for Reinvested Dividends | | | 622 | | | | 5,617 | | | | 418 | | | | 3,749 | |
Shares Redeemed | | | (26,467 | ) | | | (241,161 | ) | | | (6,194 | ) | | | (56,413 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 22,966 | | | | 211,453 | | | | 20,031 | | | | 182,265 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,264 | | | $ | 48,062 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 36 | | | | 325 | | | | 34 | | | | 305 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,300 | | | | 48,387 | | | | 34 | | | | 305 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 20,227 | | | $ | 186,789 | | | | 2,148 | | | $ | 19,815 | |
Shares Issued for Reinvested Dividends | | | 218 | | | | 1,980 | | | | 42 | | | | 379 | |
Shares Redeemed | | | (152 | ) | | | (1,387 | ) | | | (2,152 | ) | | | (19,802 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 20,293 | | | | 187,382 | | | | 38 | | | | 392 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 12 | | | $ | 116 | | | | 36 | | | $ | 318 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 12 | | | | 116 | | | | 36 | | | | 318 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 13 | | | $ | 121 | | | | 37 | | | $ | 326 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 13 | | | | 121 | | | | 37 | | | | 326 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 14 | | | $ | 125 | | | | 38 | | | $ | 337 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 14 | | | | 125 | | | | 38 | | | | 337 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 14 | | | $ | 131 | | | | 38 | | | $ | 338 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 14 | | | | 131 | | | | 38 | | | | 338 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | — | | | $ | — | | | | 1,109 | | | $ | 10,000 | |
Shares Issued for Reinvested Dividends | | | 14 | | | | 133 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 14 | | | | 133 | | | | 1,109 | | | | 10,000 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,034,469 | | | $ | 9,371,932 | | | | 649,995 | | | $ | 5,872,394 | |
Shares Issued for Reinvested Dividends | | | 87,771 | | | | 792,659 | | | | 265,739 | | | | 2,372,835 | |
Shares Redeemed | | | (656,655 | ) | | | (5,973,412 | ) | | | (1,988,577 | ) | | | (17,890,946 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 465,585 | | | | 4,191,179 | | | | (1,072,843 | ) | | | (9,645,717 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 514,211 | | | $ | 4,639,027 | | | | (1,051,482 | ) | | $ | (9,451,436 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| International Multi-Cap Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,237,138 | | | $ | 52,561,213 | | | | 5,006,360 | | | $ | 47,787,802 | |
Shares Issued for Reinvested Dividends | | | 212,540 | | | | 2,112,982 | | | | 58,196 | | | | 555,127 | |
Shares Redeemed | | | (3,744,046 | ) | | | (37,912,369 | ) | | | (2,493,299 | ) | | | (22,450,538 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,705,632 | | | | 16,761,826 | | | | 2,571,257 | | | | 25,892,391 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| International Multi-Cap Value Fund – (continued) | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,058,261 | | | $ | 20,826,321 | | | | 1,566,183 | | | $ | 14,945,146 | |
Shares Issued for Reinvested Dividends | | | 63,567 | | | | 626,597 | | | | 8,274 | | | | 80,273 | |
Shares Redeemed | | | (785,223 | ) | | | (7,541,845 | ) | | | (35,559 | ) | | | (346,450 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,336,605 | | | | 13,911,073 | | | | 1,538,898 | | | | 14,678,969 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 61,740,929 | | | $ | 624,755,143 | | | | 56,099,805 | | | $ | 531,162,068 | |
Shares Issued for Reinvested Dividends | | | 2,776,417 | | | | 27,546,556 | | | | 779,098 | | | | 7,436,502 | |
Shares Redeemed | | | (36,319,485 | ) | | | (358,351,808 | ) | | | (8,728,074 | ) | | | (81,936,087 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 28,197,861 | | | | 293,949,891 | | | | 48,150,829 | | | | 456,662,483 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 77,928 | | | $ | 778,355 | | | | 9,104 | | | $ | 85,851 | |
Shares Issued for Reinvested Dividends | | | 951 | | | | 9,338 | | | | 90 | | | | 879 | |
Shares Redeemed | | | (20,635 | ) | | | (184,994 | ) | | | (3 | ) | | | (33 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 58,244 | | | | 602,699 | | | | 9,191 | | | | 86,697 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 100,432 | | | $ | 979,053 | | | | 81,805 | | | $ | 791,444 | |
Shares Issued for Reinvested Dividends | | | 2,685 | | | | 26,732 | | | | 365 | | | | 3,637 | |
Shares Redeemed | | | (36,172 | ) | | | (363,366 | ) | | | (3,701 | ) | | | (36,834 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 66,945 | | | | 642,419 | | | | 78,469 | | | | 758,247 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,439,564 | | | $ | 14,682,618 | | | | 1,596,480 | | | $ | 15,642,962 | |
Shares Issued for Reinvested Dividends | | | 75,708 | | | | 750,152 | | | | 12,250 | | | | 120,710 | |
Shares Redeemed | | | (402,498 | ) | | | (4,044,014 | ) | | | (211,878 | ) | | | (2,099,404 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,112,774 | | | | 11,388,756 | | | | 1,396,852 | | | | 13,664,268 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,238,153 | | | $ | 89,383,046 | | | | 6,269,776 | | | $ | 55,274,411 | |
Shares Issued for Reinvested Dividends | | | 110,244 | | | | 1,073,954 | | | | 46,525 | | | | 412,453 | |
Shares Redeemed | | | (743,475 | ) | | | (7,242,053 | ) | | | (5,880,906 | ) | | | (54,708,163 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 8,604,922 | | | | 83,214,947 | | | | 435,395 | | | | 978,701 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,659,820 | | | $ | 187,374,609 | | | | 10,999,915 | | | $ | 106,403,475 | |
Shares Issued for Reinvested Dividends | | | 509,585 | | | | 5,045,453 | | | | 77,847 | | | | 766,645 | |
Shares Redeemed | | | (1,964,651 | ) | | | (19,313,199 | ) | | | (213,503 | ) | | | (2,130,851 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 17,204,754 | | | | 173,106,863 | | | | 10,864,259 | | | | 105,039,269 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 23,896,576 | | | $ | 239,210,478 | | | | 36,330,966 | | | $ | 351,597,083 | |
Shares Issued for Reinvested Dividends | | | 2,032,136 | | | | 20,172,978 | | | | 574,415 | | | | 5,463,160 | |
Shares Redeemed | | | (9,692,398 | ) | | | (96,932,132 | ) | | | (18,528,675 | ) | | | (179,891,184 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 16,236,314 | | | | 162,451,324 | | | | 18,376,706 | | | | 177,169,059 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 74,524,051 | | | $ | 756,029,798 | | | | 83,421,856 | | | $ | 794,930,084 | |
| | | | | | | | | | | | | | | | |
| | | | |
| International Stock Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 707,714 | | | $ | 9,486,001 | | | | 271,603 | | | $ | 3,317,319 | |
Shares Issued for Reinvested Dividends | | | 4,896 | | | | 66,926 | | | | 4,108 | | | | 43,587 | |
Shares Redeemed | | | (246,613 | ) | | | (3,339,586 | ) | | | (132,318 | ) | | | (1,596,607 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 465,997 | | | | 6,213,341 | | | | 143,393 | | | | 1,764,299 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 178,229 | | | $ | 2,322,991 | | | | 26,062 | | | $ | 325,813 | |
Shares Issued for Reinvested Dividends | | | 472 | | | | 6,200 | | | | 15 | | | | 154 | |
Shares Redeemed | | | (49,950 | ) | | | (629,798 | ) | | | (2,530 | ) | | | (33,072 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 128,751 | | | | 1,699,393 | | | | 23,547 | | | | 292,895 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,517,947 | | | $ | 85,673,620 | | | | 2,931,137 | | | $ | 35,108,647 | |
Shares Issued for Reinvested Dividends | | | 105,001 | | | | 1,388,116 | | | | 129,757 | | | | 1,331,311 | |
Shares Redeemed | | | (4,747,596 | ) | | | (62,479,932 | ) | | | (1,964,798 | ) | | | (22,865,136 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,875,352 | | | | 24,581,804 | | | | 1,096,096 | | | | 13,574,822 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| International Stock Fund – (continued) | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1 | | | $ | 21 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 10 | | | | 128 | | | | 16 | | | | 161 | |
Shares Redeemed | | | — | | | | (1 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 11 | | | | 148 | | | | 16 | | | | 161 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 10 | | | $ | 136 | | | | 16 | | | $ | 167 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 10 | | | | 136 | | | | 16 | | | | 167 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 11 | | | $ | 153 | | | | 17 | | | $ | 173 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 11 | | | | 153 | | | | 17 | | | | 173 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 510,721 | | | $ | 6,495,714 | | | | 7,746 | | | $ | 100,005 | |
Shares Issued for Reinvested Dividends | | | 300 | | | | 3,965 | | | | 17 | | | | 174 | |
Shares Redeemed | | | (49,766 | ) | | | (646,007 | ) | | | — | | | | (2 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 461,255 | | | | 5,853,672 | | | | 7,763 | | | | 100,177 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 728,925 | | | $ | 9,423,787 | | | | 64,083 | | | $ | 824,230 | |
Shares Issued for Reinvested Dividends | | | 1,388 | | | | 18,362 | | | | — | | | | — | |
Shares Redeemed | | | (33,703 | ) | | | (438,855 | ) | | | (237 | ) | | | (3,036 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 696,610 | | | | 9,003,294 | | | | 63,846 | | | | 821,194 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 841,004 | | | $ | 11,000,515 | | | | 193,798 | | | $ | 2,000,000 | |
Shares Issued for Reinvested Dividends | | | 61,737 | | | | 816,782 | | | | 112,245 | | | | 1,152,755 | |
Shares Redeemed | | | (1,165,007 | ) | | | (15,500,000 | ) | | | (488,599 | ) | | | (6,000,000 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (262,266 | ) | | | (3,682,703 | ) | | | (182,556 | ) | | | (2,847,245 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 3,365,731 | | | $ | 43,669,238 | | | | 1,152,138 | | | $ | 13,706,643 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Tax-Aware Bond Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 736,447 | | | $ | 8,014,736 | | | | 1,640,817 | | | $ | 18,032,638 | |
Shares Issued for Reinvested Dividends | | | 45,271 | | | | 491,932 | | | | 26,673 | | | | 292,742 | |
Shares Redeemed | | | (488,611 | ) | | | (5,343,017 | ) | | | (369,821 | ) | | | (4,049,082 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 293,107 | | | | 3,163,651 | | | | 1,297,669 | | | | 14,276,298 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 149,542 | | | $ | 1,639,240 | | | | 445,736 | | | $ | 4,890,252 | |
Shares Issued for Reinvested Dividends | | | 5,616 | | | | 61,024 | | | | 1,896 | | | | 20,872 | |
Shares Redeemed | | | (128,372 | ) | | | (1,393,639 | ) | | | (22,980 | ) | | | (253,830 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 26,786 | | | | 306,625 | | | | 424,652 | | | | 4,657,294 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,009,383 | | | $ | 43,929,544 | | | | 9,939,266 | | | $ | 109,186,794 | |
Shares Issued for Reinvested Dividends | | | 227,268 | | | | 2,473,947 | | | | 186,672 | | | | 2,049,270 | |
Shares Redeemed | | | (6,284,851 | ) | | | (68,659,524 | ) | | | (4,129,677 | ) | | | (45,414,871 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,048,200 | ) | | | (22,256,033 | ) | | | 5,996,261 | | | | 65,821,193 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,665 | | | $ | 207,182 | | | | — | | | $ | 5 | |
Shares Issued for Reinvested Dividends | | | 457 | | | | 4,968 | | | | 22 | | | | 239 | |
Shares Redeemed | | | — | | | | — | | | | — | | | | (2 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 19,122 | | | | 212,150 | | | | 22 | | | | 242 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 729,246 | | | $ | 7,945,941 | | | | 221,689 | | | $ | 2,462,031 | |
Shares Issued for Reinvested Dividends | | | 12,327 | | | | 133,857 | | | | 758 | | | | 8,411 | |
Shares Redeemed | | | (141,452 | ) | | | (1,535,531 | ) | | | (8,334 | ) | | | (92,611 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 600,121 | | | | 6,544,267 | | | | 214,113 | | | | 2,377,831 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 511,339 | | | $ | 5,550,200 | | | | 695,025 | | | $ | 7,670,150 | |
Shares Issued for Reinvested Dividends | | | 55,527 | | | | 605,071 | | | | 69,985 | | | | 764,582 | |
Shares Redeemed | | | (1,344,527 | ) | | | (14,633,275 | ) | | | (316,446 | ) | | | (3,475,000 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (777,661 | ) | | | (8,478,004 | ) | | | 448,564 | | | | 4,959,732 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (1,886,725 | ) | | $ | (20,507,344 | ) | | | 8,381,281 | | | $ | 92,092,590 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| US Small Cap Opportunities Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 236,886 | | | $ | 6,373,027 | | | | 656,932 | | | $ | 16,916,826 | |
Shares Issued for Reinvested Dividends | | | 33,968 | | | | 882,482 | | | | 7,985 | | | | 199,834 | |
Shares Redeemed | | | (345,187 | ) | | | (9,397,408 | ) | | | (151,971 | ) | | | (3,964,509 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (74,333 | ) | | | (2,141,899 | ) | | | 512,946 | | | | 13,152,151 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 173,837 | | | $ | 4,810,296 | | | | 163,985 | | | $ | 4,413,456 | |
Shares Issued for Reinvested Dividends | | | 14,534 | | | | 389,798 | | | | 1,193 | | | | 30,988 | |
Shares Redeemed | | | (78,884 | ) | | | (2,191,742 | ) | | | (12,013 | ) | | | (326,875 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 109,487 | | | | 3,008,352 | | | | 153,165 | | | | 4,117,569 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,080,896 | | | $ | 30,401,988 | | | | 1,533,290 | | | $ | 41,347,867 | |
Shares Issued for Reinvested Dividends | | | 383,703 | | | | 10,427,234 | | | | 266,542 | | | | 6,936,016 | |
Shares Redeemed | | | (1,635,729 | ) | | | (46,128,867 | ) | | | (2,104,288 | ) | | | (58,468,743 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (171,130 | ) | | | (5,299,645 | ) | | | (304,456 | ) | | | (10,184,860 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 476 | | | $ | 13,064 | | | | 1,489 | | | $ | 43,000 | |
Shares Issued for Reinvested Dividends | | | 166 | | | | 4,484 | | | | 22 | | | | 580 | |
Shares Redeemed | | | — | | | | (1 | ) | | | (52 | ) | | | (1,403 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 642 | | | | 17,547 | | | | 1,459 | | | | 42,177 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 33 | | | $ | 893 | | | | 23 | | | $ | 587 | |
Shares Redeemed | | | — | | | | — | | | | (53 | ) | | | (1,409 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 33 | | | | 893 | | | | (30 | ) | | | (822 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 55 | | | $ | 1,540 | | | | 329 | | | $ | 8,820 | |
Shares Issued for Reinvested Dividends | | | 56 | | | | 1,510 | | | | 31 | | | | 816 | |
Shares Redeemed | | | (85 | ) | | | (2,500 | ) | | | (58 | ) | | | (1,558 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 26 | | | | 550 | | | | 302 | | | | 8,078 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 65,961 | | | $ | 1,851,673 | | | | 937,722 | | | $ | 27,007,868 | |
Shares Issued for Reinvested Dividends | | | 80,868 | | | | 2,198,416 | | | | 23 | | | | 595 | |
Shares Redeemed | | | (167,666 | ) | | | (4,680,293 | ) | | | (38,004 | ) | | | (1,081,198 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (20,837 | ) | | | (630,204 | ) | | | 899,741 | | | | 25,927,265 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 75,428 | | | $ | 2,111,360 | | | | 44,161 | | | $ | 1,227,347 | |
Shares Issued for Reinvested Dividends | | | 3,723 | | | | 101,247 | | | | — | | | | — | |
Shares Redeemed | | | (16,013 | ) | | | (445,068 | ) | | | (1,074 | ) | | | (29,475 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 63,138 | | | | 1,767,539 | | | | 43,087 | | | | 1,197,872 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,605 | | | $ | 264,619 | | | | 852,967 | | | $ | 24,113,997 | |
Shares Issued for Reinvested Dividends | | | 75,077 | | | | 2,044,548 | | | | 15,110 | | | | 393,797 | |
Shares Redeemed-In-Kind | | | (746,952 | ) | | | (20,194,924 | ) | | | — | | | | — | |
Shares Redeemed | | | (42,966 | ) | | | (1,169,206 | ) | | | (29,263 | ) | | | (803,224 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (705,236 | ) | | | (19,054,963 | ) | | | 838,814 | | | | 23,704,570 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (798,210 | ) | | $ | (22,331,830 | ) | | | 2,145,028 | | | $ | 57,964,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| US Small/Mid Cap Opportunities Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,985,603 | | | $ | 42,697,659 | | | | 8,613,677 | | | $ | 112,413,597 | |
Shares Issued for Reinvested Dividends | | | 120,938 | | | | 1,713,696 | | | | 59,695 | | | | 753,598 | |
Shares Redeemed | | | (4,398,062 | ) | | | (62,548,289 | ) | | | (3,032,467 | ) | | | (39,954,913 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,291,521 | ) | | | (18,136,934 | ) | | | 5,640,905 | | | | 73,212,282 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,301,458 | | | $ | 33,701,336 | | | | 3,498,056 | | | $ | 47,478,438 | |
Shares Issued for Reinvested Dividends | | | 50,409 | | | | 733,959 | | | | 3,445 | | | | 45,016 | |
Shares Redeemed | | | (901,168 | ) | | | (13,178,215 | ) | | | (152,802 | ) | | | (2,102,637 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,450,699 | | | | 21,257,080 | | | | 3,348,699 | | | | 45,420,817 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2018 | | | For the Year Ended
October 31, 2017 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| US Small/Mid Cap Opportunities Fund – (continued) | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 21,079,640 | | | $ | 312,424,602 | | | | 35,819,408 | | | $ | 487,600,335 | |
Shares Issued for Reinvested Dividends | | | 577,148 | | | | 8,512,080 | | | | 250,430 | | | | 3,280,448 | |
Shares Redeemed | | | (18,855,618 | ) | | | (281,085,922 | ) | | | (7,579,069 | ) | | | (104,245,413 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,801,170 | | | | 39,850,760 | | | | 28,490,769 | | | | 386,635,370 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 54,927 | | | $ | 788,537 | | | | 28,592 | | | $ | 396,760 | |
Shares Issued for Reinvested Dividends | | | 334 | | | | 4,885 | | | | 38 | | | | 493 | |
Shares Redeemed | | | (17,241 | ) | | | (253,524 | ) | | | (1 | ) | | | (13 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 38,020 | | | | 539,898 | | | | 28,629 | | | | 397,240 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 45,840 | | | $ | 679,086 | | | | 18,083 | | | $ | 255,632 | |
Shares Issued for Reinvested Dividends | | | 271 | | | | 3,987 | | | | 18 | | | | 231 | |
Shares Redeemed | | | (10,336 | ) | | | (152,006 | ) | | | — | | | | (4 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 35,775 | | | | 531,067 | | | | 18,101 | | | | 255,859 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 150,186 | | | $ | 2,197,738 | | | | 4,153 | | | $ | 57,126 | |
Shares Issued for Reinvested Dividends | | | 53 | | | | 782 | | | | 24 | | | | 317 | |
Shares Redeemed | | | (23,173 | ) | | | (344,713 | ) | | | (1,108 | ) | | | (15,244 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 127,066 | | | | 1,853,807 | | | | 3,069 | | | | 42,199 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,678,679 | | | $ | 115,062,697 | | | | 850,566 | | | $ | 11,911,660 | |
Shares Issued for Reinvested Dividends | | | 13,393 | | | | 197,570 | | | | 14 | | | | 181 | |
Shares Redeemed | | | (852,474 | ) | | | (12,616,689 | ) | | | (61,162 | ) | | | (855,237 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 6,839,598 | | | | 102,643,578 | | | | 789,418 | | | | 11,056,604 | |
| | | | | | | | | | | | | | | | |
Class F(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,963,774 | | | $ | 44,209,743 | | | | 591,095 | | | $ | 8,312,510 | |
Shares Issued for Reinvested Dividends | | | 14,060 | | | | 207,551 | | | | — | | | | — | |
Shares Redeemed | | | (369,921 | ) | | | (5,542,286 | ) | | | (10,383 | ) | | | (148,835 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,607,913 | | | | 38,875,008 | | | | 580,712 | | | | 8,163,675 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,165,349 | | | $ | 47,507,583 | | | | 1,211,750 | | | $ | 16,761,096 | |
Shares Issued for Reinvested Dividends | | | 28,219 | | | | 417,154 | | | | 7,302 | | | | 95,790 | |
Shares Redeemed | | | (615,226 | ) | | | (9,227,851 | ) | | | (153,589 | ) | | | (2,140,214 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,578,342 | | | | 38,696,886 | | | | 1,065,463 | | | | 14,716,672 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 15,187,062 | | | $ | 226,111,150 | | | | 39,965,765 | | | $ | 539,900,718 | |
| | | | | | | | | | | | | | | | |
| | (1) | Inception date of class was February 28, 2017. |
In certain circumstances, a Fund may distribute portfolio securities as payment for redemption of Fund shares (redemption-in-kind). For financial reporting purposes, a Fund will recognize a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities; the Fund will recognize a loss if the cost exceeds value. Gains and losses realized on redemptions in-kind are not recognized for tax purposes, and are re-classified from realized gain (loss) to paid-in-capital.
During the year ended October 31, 2018, 746,952 shares of the US Small Cap Opportunities Fund were redeemed-in-kind. A net realized gain of $663,393 on investments delivered through the in-kind redemption is included in realized gain (loss) on the Statements of Operations.
Each Fund participates in a committed line of credit pursuant to a credit agreement. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $400 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated to each of the funds participating in the line of credit based on average net assets of the funds. During and as of the year ended October 31, 2018, none of the Funds had borrowings under this facility.
Notes to Financial Statements – (continued)
October 31, 2018
Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, the Company, on behalf of each Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
At a meeting held February 6-7, 2018, the Board of Directors of the Company approved an Agreement and Plan of Reorganization that provides for the reorganization of the Hartford Schroders Emerging Markets Debt and Currency Fund (“Emerging Markets Debt and Currency Fund”), a series of the Company, with and into the Emerging Markets Multi-Sector Bond Fund, a separate series of the Company (the “Reorganization”).
Pursuant to the terms of the Agreement and Plan of Reorganization, immediately before the opening of business on July 02, 2018, the Emerging Markets Debt and Currency Fund transferred all of its assets to the Emerging Markets Multi-Sector Bond Fund, in exchange for shares of the Emerging Markets Multi-Sector Bond Fund and the assumption of all of the liabilities of the Emerging Markets Debt and Currency Fund by the Emerging Markets Multi-Sector Bond Fund.
Immediately before the opening of business on July 02, 2018, the consummation of the Reorganization was accomplished by a tax-free exchange of shares of the Emerging Markets Multi-Sector Bond Fund in the following amounts:
| | | | | | | | | | | | | | | | | | | | |
Share Class | | Net assets of
Emerging
Markets Debt
and Currency
Fund as of
the close of
business on
June 29, 2018
(“Valuation
Date”) | | | Shares of the
Emerging
Markets Debt
and Currency
Fund
as of the
Valuation Date | | | Value of Shares
Issued by
Emerging Markets
Multi-Sector
Bond Fund | | | Shares Issued
By Emerging
Markets Multi-
Sector Bond
Fund | | | Net Assets of
the Emerging
Markets Multi-
Sector Bond
Fund
immediately
after the
Reorganization | |
Class A | | $ | 2,506,424 | | | | 260,299 | | | $ | 2,506,424 | | | | 281,979 | | | $ | 5,508,249 | |
Class C | | | 17,583 | | | | 1,838 | | | | 17,583 | | | | 1,988 | | | | 482,682 | |
Class I | | | 25,494,558 | | | | 2,652,044 | | | | 25,494,558 | | | | 2,872,206 | | | | 50,055,938 | |
Class R3 | | | — | | | | — | | | | — | | | | — | | | | 10,143 | |
Class R4 | | | — | | | | — | | | | — | | | | — | | | | 10,177 | |
Class R5 | | | — | | | | — | | | | — | | | | — | | | | 10,198 | |
Class Y | | | 10,099 | | | | 1,050 | | | | 10,099 | | | | 1,138 | | | | 627,547 | |
Class F | | | 10,124 | | | | 1,053 | | | | 10,124 | | | | 1,141 | | | | 29,587,646 | |
Class SDR | | | 1,338,890 | | | | 139,515 | | | | 1,338,890 | | | | 150,691 | | | | 55,166,134 | |
| | | | | | | | | | | | | | | | | | | | |
| | $ | 29,377,678 | | | | 3,055,799 | | | $ | 29,377,678 | | | | 3,309,143 | | | $ | 141,458,714 | |
| | | | | | | | | | | | | | | | | | | | |
Each shareholder of a share class of the Emerging Markets Debt and Currency Fund received shares of the same share class of the Emerging Markets Multi-Sector Bond Fund with the same class designation and at the respective class NAV, as determined on the Valuation Date.
Some of the investments held by the Emerging Markets Debt and Currency Fund may have been purchased or sold prior to the Reorganization for the purpose of complying with the anticipated investment policies or limitations of the Emerging Markets Multi-Sector Bond Fund after the Reorganization. The expenses associated with the Reorganization other than brokerage-related expenses, including stamp taxes and other similar transaction costs, were borne by HFMC or its affiliates.
As of the Valuation Date the Emerging Markets Debt and Currency Fund had investments valued at $29,018,554 with a cost basis of $29,105,355. For financial reporting purposes, assets received, liabilities assumed and shares issued by the Emerging Markets Multi-Sector Bond Fund were recorded at fair value; however, the cost basis of the investments received by the Emerging Markets Multi-Sector Bond Fund from Emerging Markets Debt and Currency Fund were carried forward to align ongoing reporting of the Emerging Markets Multi-Sector Bond Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes.
The aggregate net assets of the Emerging Markets Multi-Sector Bond Fund immediately after the acquisition were $141,458,714, which included $86,801 of acquired unrealized depreciation.
Assuming the acquisition had been completed on November 1, 2017, the Emerging Markets Multi-Sector Bond Fund’s pro-forma results of operations for the year ended October 31, 2018 (unaudited) are as follows:
| | | | |
Net investment income | | $ | 7,684,856 | |
Net realized and unrealized loss on investments | | $ | (14,841,486 | ) |
| | | | |
Net decrease in net assets from operations | | $ | (7,156,630 | ) |
| | | | |
Notes to Financial Statements – (continued)
October 31, 2018
| 17. | Recent Accounting Pronouncement: |
The FASB recently issued ASU 2017-08 (the “ASU” or “Update”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU becomes effective for public entities for fiscal years beginning after December 15, 2018, and for private entities one year later. Management is currently evaluating the implication, if any, of additional disclosure and its impact on the Funds’ financial statements.
In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.
ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, however, an entity is permitted to early adopt either the entire standard or only the provisions that eliminate or modify requirements. Management has elected to early adopt the provisions of ASU 2018-13 that eliminate disclosure requirements effective with the current reporting period. The impact of the Funds’ early adoption of these provisions was limited to changes in the Funds’ financial statement disclosures regarding fair value, primarily those disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy and the timing of transfers between levels of the fair value hierarchy. Management is currently evaluating the potential impact of adopting the additional provisions of ASU 2018-13.
Management has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require adjustment to or disclosure in these financial statements.
|
| Report of Independent Registered Public Accounting Firm |
To the Shareholders of Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders Global Strategic Bond Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Tax-Aware Bond Fund, Hartford Schroders US Small Cap Opportunities Fund and Hartford Schroders US Small/Mid Cap Opportunities Fund and the Board of Directors of The Hartford Mutual Funds II, Inc.
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders Global Strategic Bond Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Tax-Aware Bond Fund, Hartford Schroders US Small Cap Opportunities Fund and Hartford Schroders US Small/Mid Cap Opportunities Fund (collectively referred to as the “Funds”), (eight of the funds constituting The Hartford Mutual Funds II, Inc. (the “Company”)), including the schedules of investments, as of October 31, 2018, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the three years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (eight of the funds constituting The Hartford Mutual Funds II, Inc.) at October 31, 2018, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the three years in the period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for the period presented through October 31, 2015, were audited by other auditors whose report dated December 22, 2015, expressed an unqualified opinion on those financial highlights.
Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of the Company’s internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2018, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more Hartford investment companies since 2002.
Philadelphia, Pennsylvania
December 28, 2018
Directors and Officers (Unaudited)
The Hartford Mutual Funds II, Inc. (the “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of the Company as of October 31, 2018. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| NON-INTERESTED DIRECTORS |
| | | | | |
HILARY E. ACKERMANN (1956) | | Director | | Since 2014 | | Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011. Ms. Ackermann has served as a Director of Vistra Energy Corporation, formerly known as Dynegy, Inc. (an independent power company) since October 2012 and as a Director of Credit Suisse Holdings (USA), Inc. since January 2017. | | 83 | | None |
| | | | | |
ROBIN C. BEERY (1967) | | Director | | Since 2017 | | Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014. | | 83 | | Ms. Beery serves as a Director of UMB Financial Corporation (January 2015 to present). |
| | | | | |
LYNN S. BIRDSONG (1946) | | Director | | Since 2003 | | Mr. Birdsong currently serves as a Director of Aberdeen Global and Aberdeen Global II (investment funds) (since September 2014), Aberdeen Islamic SICAV and Aberdeen Liquidity Fund (investment funds) (since 2016), and Aberdeen Alpha Fund (since December 2017). Mr. Birdsong served as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to February 2015) and as a Director of the Sovereign High Yield Investment Company (April 2010 to June 2014). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. | | 83 | | None |
| | | | | |
CHRISTINE R. DETRICK (1958) | | Director | | Since 2016 | | Ms. Detrick has served as a Director of Reinsurance Group of America since January 2014. Previously, she was a director of Forest City Realty Trust (a real estate company) from November 2014 to March 2018, a Director of Forethought Financial Group, Inc. (a financial services company) from January 2012 to January 2014, and a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012. | | 83 | | None |
| | | | | |
DUANE E. HILL (1945) | | Director | | Since 2002 | | Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies. | | 83 | | None |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| | | | | |
WILLIAM P. JOHNSTON (1944) | | Director and Chairman of the Board | | Director since 2005 and Chairman of the Board since 2015 | | In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served until June 2013. In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. and served until July 2018. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director until August 2010. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman. | | 83 | | None |
| | | | | |
PHILLIP O. PETERSON (1944) | | Director | | Since 2000 | | Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. From February 2007 to February 2018, Mr. Peterson served as a member of the Board of Trustees of the William Blair Funds. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds. | | 83 | | None |
| | | | | |
LEMMA W. SENBET (1946) | | Director | | Since 2005 | | Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, and previously was the Founding Director, Center for Financial Policy, in the Robert H. Smith School of Business at the University of Maryland. He was chair of the Finance Department Robert H. Smith School of Business at the University of Maryland from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service. | | 83 | | None |
| | | | | |
DAVID SUNG (1953) | | Director | | Since 2017 | | Mr. Sung has served as a Director of Nippon Wealth Bank since April 2015 and CITIC-Prudential Fund Management Company, Inc. since January 2016. Mr. Sung is an Independent Director of seven investment funds, including two closed-end registered investment companies, sponsored by Ironwood Capital Management. Previously, he was a Partner at Ernst & Young LLP from October 1995 to July 2014. | | 83 | | Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present) (2 portfolios). |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
|
| OFFICERS AND INTERESTED DIRECTORS |
| | | | | |
JAMES E. DAVEY(4) (1964) | | Director, President and Chief Executive Officer | | President and Chief Executive Officer since 2010; Director since 2012 | | Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Additionally, Mr. Davey serves as Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”), and Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as Manager, Chairman of the Board, and President of Lattice Strategies LLC (since July 2016). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002. | | 83 | | None |
| | | | | |
ANDREW S. DECKER (1963)
| | AML Compliance Officer | | Since 2015 | | Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015. Mr. Decker served as AML Compliance and Sanctions Enforcement Officer at SEI Investments from December 2007 to April 2011. | | N/A | | N/A |
| | | | | |
AMY N. FURLONG (1979) | | Vice President and Treasurer | | Since 2018 | | Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004. Prior to joining The Hartford, Ms. Furlong worked at KPMG LLP in audit services. | | N/A | | N/A |
| | | | | |
WALTER F. GARGER (1965) | | Vice President and Chief Legal Officer | | Since 2016 | | Mr. Garger serves as Secretary, Managing Director and General Counsel of HFD, HASCO, HFMC and HFMG (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice Strategies LLC (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995. | | N/A | | N/A |
| | | | | |
ALBERT Y. LEE (1979) | | Vice President and Assistant Treasurer | | Since 2017 | | Mr. Lee serves as Head of Systemic Strategies and ETF Operations and Senior Vice President of HFMG (since July 2016). Mr. Lee also serves as Senior Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lee served as Managing Director and Chief Operating Officer, Lattice Strategies LLC (2009 – 2016); Chief Operating Officer at Avicenna Capital Management (2007 – 2009); and Chief Financial Officer at Steeple Capital LP (2005 – 2007). | | N/A | | N/A |
| | | | | |
THEODORE J. LUCAS (1966) | | Vice President | | Since 2017 | | Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice Strategies LLC (2003 to 2016). | | N/A | | N/A |
Directors and Officers (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| | | | | |
JOSEPH G. MELCHER (1973) | | Vice President and Chief Compliance Officer | | Since 2013 | | Mr. Melcher serves as President (since April 2018), Chief Executive Officer (since April 2018) and Executive Vice President (since December 2013) of HFD. He also serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC. Mr. Melcher also serves as Executive Vice President and Chief Compliance Officer of Lattice Strategies, LLC (since July 2016). Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010. | | N/A | | N/A |
| | | | | |
VERNON J. MEYER (1964) | | Vice President | | Since 2006 | | Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
ALICE A. PELLEGRINO (1960) | | Vice President | | Since 2016 | | Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice Strategies LLC (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007. | | N/A | | N/A |
| | | | | |
THOMAS R. PHILLIPS (1960) | | Vice President and Secretary | | Since 2017 | | Mr. Phillips currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Mr. Phillips is a Senior Counsel for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014 – 2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC. | | N/A | | N/A |
| | | | | |
LAURA S. QUADE (1969) | | Vice President | | Since 2012 | | Ms. Quade currently serves as Vice President of HASCO and is the Head of Operations of HASCO. Ms. Quade also serves as Vice President of HFD and HFMG (since December 2013). From February 2018 to May 14, 2018, Ms. Quade served as Treasurer of the Company. Formerly, Ms. Quade served as Director, Enterprise Operations of Hartford Life Insurance Company from April 2012 through December 2013. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001. | | N/A | | N/A |
| (1) | The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, PA 19087. |
| (2) | Each Director holds an indefinite term until the earlier of (i) the election and qualification of his or her successor or (ii) when the Director turns 75 years of age. Each officer shall serve until his or her successor is elected and qualifies. |
| (3) | The portfolios of the “Fund Complex” are series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Hartford Funds Master Fund, Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Funds NextShares Trust. |
| (4) | “Interested person,” as defined in the 1940 Act, of the Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies. |
HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
Each Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Each Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)
The Hartford Mutual Funds II, Inc.
Hartford Schroders Emerging Markets Equity Fund
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Hartford Schroders Global Strategic Bond Fund
Hartford Schroders International Multi-Cap Value Fund
Hartford Schroders International Stock Fund
Hartford Schroders Tax-Aware Bond Fund
Hartford Schroders US Small Cap Opportunities Fund
Hartford Schroders US Small/Mid Cap Opportunities Fund
Each of the funds listed above (each a “Fund” and collectively, the “Funds”) is the successor to a corresponding series of Schroder Series Trust or Schroder Capital Funds (Delaware) (each a “Predecessor Fund” and collectively, the “Predecessor Funds”), pursuant to a reorganization consummated on October 24, 2016. Each Fund has an investment objective and strategies substantially similar to those of its corresponding Predecessor Fund.
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 7-8, 2018, the Board of Directors (the “Board”) of The Hartford Mutual Funds II, Inc. (“HMF II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement (the “Management Agreement”) by and between HMF II, on behalf of each of its funds listed above (each a “Fund” and collectively, the “Funds”), The Hartford Mutual Funds, Inc. (“HMF”) and Hartford Funds Management Company, LLC (“HFMC”); (ii) the continuation of an investment sub-advisory agreement (the “Sub-Advisory Agreement”) by and between HFMC and each Fund’s sub-adviser, Schroder Investment Management North America Inc. (“SIMNA Inc.”); and (iii) the continuation of a separate secondary sub-advisory agreement (the “Sub-Sub-Advisory Agreement” and collectively with the Management Agreement and Sub-Advisory Agreement, the “Agreements”) by and between SIMNA Inc. and Schroder Investment Management North America Limited (“SIMNA Ltd.,” together with SIMNA Inc., the “Sub-advisers,” and together with HFMC, the “Advisers”) on behalf of Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Global Strategic Bond Fund, Hartford Schroders International Stock Fund and Hartford Schroders International Multi-Cap Value Fund (collectively, the “Sub-Sub-Advised Funds”).
In the months preceding the August 7-8, 2018 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the approval of the Agreements that was presented at the Board’s meetings held on June 19-20, 2018 and August 7-8, 2018. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The Board also considered the materials and in-person presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 19-20, 2018 and August 7-8, 2018 concerning the Agreements.
The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, transfer agency and other non-management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s management fees, transfer agency and other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreement.
In determining whether to continue the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate in the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements and, throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford Funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford Funds.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act, as well as the efforts of the Advisers to combat cybersecurity risks and invest in business continuity planning.
With respect to HFMC, the Board noted that, under the Management Agreement, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-advisers. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC and not delegated to or assumed by the Sub-advisers. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford Funds’ portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or investment strategies of the Hartford Funds when warranted. The Board considered HFMC’s periodic due diligence reviews of each Sub-adviser and ongoing oversight of each Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford Funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.
With respect to SIMNA Inc. and SIMNA Ltd., which provide certain day-to-day portfolio management services for the Funds and the Sub-Sub-Advised Funds, respectively, subject to oversight by HFMC, the Board considered, among other things, the quality of each Sub-adviser’s investment personnel, its investment philosophy and process, its investment research capabilities and resources, its performance record, its trade execution capabilities and its experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and each Sub-adviser’s method for compensating the portfolio manager(s).
The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds, including, with respect to certain share classes, the right to exchange investments between the same class of funds without a sales charge, the ability to reinvest Fund dividends into other funds in the family, and the ability to combine holdings in a Fund with holdings in other funds to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford Funds with a broad range of investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring new funds to expand these opportunities for shareholders.
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and the Sub-advisers.
Performance of each Fund and the Advisers
The Board considered the investment performance of each Fund, which included the performance of its applicable Predecessor Fund. The Board noted that each Predecessor Fund had been managed by SIMNA Inc., and each Sub-Sub-Advised Fund’s corresponding Predecessor Fund had been sub-advised by SIMNA Ltd. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board also noted that, for Hartford Schroders Global Strategic Bond Fund, there existed no peer group with a strong correlation to the Fund’s investment strategy. For that Fund, the Board considered supplemental performance evaluation information. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group (if available), various statistics concerning the Fund’s
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the Agreements. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.
In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and each Sub-adviser’s overall capabilities to manage the Funds, as applicable.
Costs of the Services and Profitability of the Advisers
The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time. The Board also requested and received information relating to the operations and profitability of the Sub-advisers. The Board considered representations from HFMC and SIMNA Inc. that SIMNA Inc.’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees would be paid by HFMC and not the Funds. The Board also considered that SIMNA Ltd. is an affiliate of SIMNA Inc. and that SIMNA Ltd.’s sub-sub-advisory fees would be paid by SIMNA Inc., not the Sub-Sub-Advised Funds. Accordingly, the Board concluded that the profitability of the Sub-advisers is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreement and the Sub-Sub-Advisory Agreement.
The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreement, including a description of the methodology used to allocate certain expenses. The Board noted the Consultant’s view that HFMC’s process for calculating and reporting Fund profitability is reasonable and consistent with the process previously reviewed by the Consultant. In this regard, the Board noted that the Consultant had previously performed a full review of this process and reported that such process is sound and consistent with common industry practice.
Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Funds would not be excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered the comparative information that had been provided at meetings on June 19-20, 2018 and August 7-8, 2018 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to SIMNA Inc. with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and SIMNA Inc. relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and overall expense ratios relative to an appropriate group of funds selected by Broadridge, in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.
While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to each Fund’s fees and total operating expenses.
The Board noted that HFMC had no other clients with investment strategies similar to those of the Funds. The Board received information regarding fees charged by the Sub-advisers to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which a Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered any differences between a Sub-adviser’s services to the Funds and the services it provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.
Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.
Economies of Scale
The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates and pricing the Funds to scale at inception are other means of sharing potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds have grown over time, including through lower operating expenses. The Board also noted that, for each of Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders Global Strategic Bond Fund, Hartford Schroders US Small Cap Opportunities Fund, and Hartford Schroders International Stock Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.
The Board reviewed and evaluated materials from Broadridge and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Broadridge, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in each Fund’s assets and the appropriateness of additional breakpoints or other methods to share benefits from economies of scale.
Other Benefits
The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.
The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on profits to HFMC for such services. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, based on a fee structure approved by the Board at its August 2017 meeting and implemented at the commencement of the fiscal year on November 1, 2017. The Board noted that, under this fee structure, the Funds pay HASCO a fee equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF II, on behalf of its Funds, HMF and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HASCO indicating that the transfer agent fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. As principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board also considered that Schroder Fund Advisors LLC (“SFA”), a wholly-owned subsidiary of SIMNA Inc., has entered into an additional compensation arrangement with HFMC and HFD. The Board considered that under this arrangement, SFA is involved in the distribution of the Class SDR Shares of the Funds, and HFMC compensates SFA for such services.
The Board considered the benefits, if any, to the Sub-advisers from any use of a Fund’s brokerage commissions to obtain soft dollar research. The Board also considered that SIMNA Inc. has entered into a solicitation agreement with HFMC pursuant to which HFMC provides certain marketing support services with respect to an investment strategy model offered by SIMNA Inc. through its managed account platforms.
Fund-by-Fund Factors
For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where its gross performance was 0.5% above or below the benchmark return.
Hartford Schroders Emerging Markets Equity Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 4th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.50%. |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-year period and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its custom blended benchmark for the 1- and 3-year periods. |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
| • | | The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile of its expense group, while its actual management fee was in the 4th quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.15%, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders Global Strategic Bond Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 5th quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.04%, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders International Multi-Cap Value Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period, the 1st quintile for the 3-year period and the 2nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction implemented in 2018. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.15%, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders International Stock Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 5-year periods and the 3rd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy. |
| • | | The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group, while its actual management fee was in the 2nd quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.20%, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders Tax-Aware Bond Fund
| • | | The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1-year period and the 4th quintile for the 3-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1- and 3-year periods and above its benchmark for the 5-year period. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board also noted that Class A Shares of the Fund have a contractual expense cap of 0.71%, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders US Small Cap Opportunities Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.35%, which resulted in Management reimbursing the Fund for certain expenses. |
Hartford Schroders US Small/Mid Cap Opportunities Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 1st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
| • | | The Board noted that the Fund’s contractual management fee was in the 4th quintile of its expense group, while its actual management fee was in the 5th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A Shares of the Fund have a contractual expense cap of 1.30%. |
* * * *
Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Management Agreement and Sub-Advisory Agreement and, with respect to the Sub-Sub-Advised Funds, the Sub-Sub-Advisory Agreement for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
CUSTOMER PRIVACY NOTICE
The Hartford Financial Services Group, Inc. and Affiliates*
(herein called “we, our, and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
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This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
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We may obtain Personal Information from:
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Based on the type of product or service You apply for or get from us, Personal Information such as:
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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:
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Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and
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If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Law Department, Privacy Law, One Hartford Plaza, Hartford, CT 06155, or at CorporatePrivacyOffice@thehartford.com.
This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2018), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations.
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Business Management Group, Inc.; Cervus Claim Solutions, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC; 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 Group Benefits Holding Company; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford 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, Ltd.; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, 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; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HIMCO Distribution Services Company; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex R, LLC; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; Northern Homelands Company; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd.; The Hartford International Asset Management Company Limited; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.
Revised March 2018
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Schroder Investment Management North America, Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain Funds. HFD and HFMC are not affiliated with Schroder Investment Management North America, Inc. and Schroder Investment Management North America Ltd.
MFAR-HSE18 12/18 208767 Printed in U.S.A.
Item 2. Code of Ethics.
The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. A copy of the code of ethics is filed herewith.
Item 3. Audit Committee Financial Expert.
The Board of Directors of the registrant (the “Board”) has designated Phillip O. Peterson as an Audit Committee Financial Expert. Mr. Peterson is considered by the Board to be an independent director.
Item 4. Principal Accountant Fees and Services.
| | (a) | Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were: |
| | | $270,275 for the fiscal year ended October 31, 2017; $230,500 for the fiscal year ended October 31, 2018. |
| | (b) | Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were: |
| | | $7,000 for the fiscal year ended October 31, 2017; $30,000 for the fiscal year ended October 31, 2018. Audit-related services are principally in connection with consents for the registration statements relating to Fund mergers. |
| | (c) | Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were: |
| | | $28,131 for the fiscal year ended October 31, 2017; $166,921 for the fiscal year ended October 31, 2018. Tax-related services are principally in connection with, but |
| | not limited to, general tax services, excise tax and Passive Foreign Investment Company (PFIC) analysis. |
| | (d) | All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were: |
| | | $0 for the fiscal year ended October 31, 2017; $0 for the fiscal year ended October 31, 2018. |
| | (e) | (1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the registrant may be pre-approved. The following are some main provisions from the Policy. |
| | 1. | The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund. |
| | 2. | The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting. |
| | 3. | The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy. |
| | 4. | The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services. |
| | 5. | The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex. |
| | (e) | (2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c) (7) (i) (c) of Rule 2-01 of Regulation S-X. |
| | (g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were: |
| | | Non-Audit Fees: $75,131 for the fiscal year ended October 31, 2017; $236,921 for the fiscal year ended October 31, 2018. |
| | (h) | The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
| | (a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to this requirement.
Item 11. Controls and Procedures.
| | (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure |
| | controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| | (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
| | |
| (a)(1) | | Code of Ethics is filed herewith. |
| (a)(2) | | Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
| (a)(3) | | Not applicable |
| (a)(4) | | Not applicable |
| (b) | | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | |
| | THE HARTFORD MUTUAL FUNDS II, INC. |
| |
| Date: January 8, 2019 | | By: /s/ James E. Davey |
| | James E. Davey |
| | President and Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | |
| |
| Date: January 8, 2019 | | By: /s/ James E. Davey |
| | James E. Davey |
| | President and Chief Executive Officer |
| |
| Date: January 8, 2019 | | By: /s/ Amy N. Furlong |
| | Amy N. Furlong |
| | Treasurer |
| | (Principal Financial Officer and Principal Accounting Officer) |
