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, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
Hartford FUNDS OUR BENCHMARK IS THE INVESTOR®. Hartford Domestic Equity Funds Annual Report October 31, 2020 The Hartford Capital Appreciation Fund Hartford Core Equity Fund The Hartford Dividend and Growth Fund The Hartford Equity Income Fund The Hartford Growth Opportunities Fund The Hartford Healthcare Fund The Hartford MidCap Fund The Hartford MidCap Value Fund Hartford Quality Value Fund The Hartford Small Cap Growth Fund Hartford Small Cap Value Fund The Hartford Small Company Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.
A MESSAGE FROM THE PRESIDENT
Dear Shareholders:
Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.
Market Review
During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t
begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.
The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.
Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.
Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.
On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.
By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.
As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.
Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford Funds
| 1 | S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. |
| | The index is unmanaged and not available for direct investment. Past performance does not guarantee future results. |
Hartford Domestic Equity Funds
Table of Contents
The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.
|
| The Hartford Capital Appreciation Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 07/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 8.62% | | | | 9.63% | | | | 10.43% | |
Class A2 | | | 2.65% | | | | 8.40% | | | | 9.81% | |
Class C1 | | | 7.78% | | | | 8.83% | | | | 9.63% | |
Class C3 | | | 6.78% | | | | 8.83% | | | | 9.63% | |
Class I1 | | | 8.94% | | | | 9.95% | | | | 10.76% | |
Class R31 | | | 8.25% | | | | 9.27% | | | | 10.09% | |
Class R41 | | | 8.59% | | | | 9.61% | | | | 10.43% | |
Class R51 | | | 8.93% | | | | 9.94% | | | | 10.76% | |
Class R61 | | | 9.03% | | | | 10.05% | | | | 10.86% | |
Class Y1 | | | 8.97% | | | | 10.02% | | | | 10.86% | |
Class F1 | | | 9.00% | | | | 10.02% | | | | 10.79% | |
Russell 3000 Index | | | 10.15% | | | | 11.48% | | | | 12.80% | |
S&P 500 Index | | | 9.71% | | | | 11.71% | | | | 13.01% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.08% | | | | 1.08% | |
Class C | | | 1.84% | | | | 1.84% | |
Class I | | | 0.80% | | | | 0.80% | |
Class R3 | | | 1.43% | | | | 1.43% | |
Class R4 | | | 1.12% | | | | 1.12% | |
Class R5 | | | 0.81% | | | | 0.81% | |
Class R6 | | | 0.71% | | | | 0.71% | |
Class Y | | | 0.82% | | | | 0.77% | |
Class F | | | 0.71% | | | | 0.71% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Capital Appreciation Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Gregg R. Thomas, CFA
Senior Managing Director and Director, Investment Strategy
Wellington Management Company LLP
Thomas S. Simon, CFA, FRM
Senior Managing Director and Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Capital Appreciation Fund returned 8.62%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmarks, the Russell 3000 Index, which returned 10.15% for the same period, and the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 5.35% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many parts of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Six of the eleven sectors in the Russell 3000 Index posted positive returns during the period. Strong performers included the Information Technology (+34.8%), Consumer Discretionary (+30.8%), and Communication Services (+16.2%) sectors. The Energy (-46.1%), Real Estate (-15.8%), and Financials (-15.2%) sectors fell the most during the period.
During the period, the Fund underperformed the Russell 3000 Index primarily due to weak stock selection within the Consumer Discretionary, Consumer Staples, and Financials sectors. Conversely, stronger selection within the Communication Services, Healthcare, and Information Technology sectors contributed positively to relative returns during the period. Sector allocation, a result of bottom-up stock selection, was positive during the period primarily due to the Fund’s underweight exposure to the Energy and Financials sectors in addition to an overweight to the Consumer Discretionary sector. An underweight to the Information Technology sector, as well as an overweight to the Industrials sector, relative to the Russell 3000 Index, detracted from performance.
Underweight exposures relative to the Russell 3000 Index to Apple (Information Technology), Microsoft (Information Technology), and Tesla (Consumer Discretionary) were the top detractors from Fund performance during the period. Apple designs, manufactures, and sells personal computers, tablets, wearables, and a variety of related services. Shares of Apple moved higher during the period. The company also announced that it would be participating in a 4-for-1 stock split during the period. As of the end of the period, we continued to hold the stock within the Fund but remained underweight relative to the Russell 3000 Index. Microsoft engages in the development and support of software, services, devices, and solutions. The company emerged from the coronavirus pandemic as a strong performer with stay-at-home and remote-work related businesses (Teams, Gaming, virtual desktop) gaining traction and performing well. The company’s stock continued to move higher during the period before giving back some gains after it was announced that the company’s bid for video-sharing site TikTok was not accepted. As of the end of the period, we remained underweight the stock within the Fund relative to the Russell 3000 Index. Tesla engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. Shares of the company moved higher during the period as the company reported its fourth consecutive quarter of profitability, which many viewed as the last hurdle towards Tesla’s inclusion into the S&P 500 Index given its market cap. The stock did not make it into the S&P 500 Index, and shares dipped on the news. Towards the end of the period, the company held its Battery Day where it provided guidance in line with expectations, highlighted by expectations for a drop in battery costs, as well as plans for a $25,000 car within the next three years. We initiated a small position in the stock during the period, which we subsequently sold later in the period as we sought to capitalize on strength while pursuing other opportunities that we believe provide better risk and return profiles.
Aramark (Consumer Discretionary), Expedia (Consumer Discretionary), and Diamondback Energy (Energy) were among the largest detractors from performance on an absolute basis over the period.
|
| The Hartford Capital Appreciation Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Top contributors to performance relative to the Russell 3000 Index included not holding benchmark constituent ExxonMobil (Energy) as well as the Fund’s positions in DraftKings (Consumer Discretionary) and Peloton Interactive (Consumer Discretionary). ExxonMobil engages in the exploration, development, and distribution of oil, gas, and petroleum products. Energy-related companies were adversely affected by failed negotiations between Saudi Arabia and Russia regarding production cuts amid a strong decrease in demand as coronavirus-related shelter-in-place orders limited travel globally. The Energy sector broadly was the worst-performing sector within the Russell 3000 Index during the period. Not owning the stock contributed positively to relative performance and as of the end of the period, we continued to not hold it. DraftKings is a digital sports entertainment and gaming company. The company took an unconventional route to the public markets by combining with a special purpose acquisition company (SPAC), typically referred to as a blank-check company, thus enabling the company to trade publicly without going through the initial public offering (IPO) process in April. Following its listing, the stock price has risen as sports betting revenue continued to rise following the resumption of live games across major sports leagues. Shares of the company gave up some gains late in the period after the company announced a secondary offering of shares. As of the end of the period, we continued to hold shares of DraftKings within the Fund. Peloton Interactive is an at-home fitness platform for live and on-demand indoor cycling. The company reported strong quarterly results at the beginning of 2020 with subscribers and revenues reported above expectations, but earnings guidance was revised slightly lower. As the coronavirus pandemic forced lockdown measures that included gyms and fitness studios, the company saw a large uptick in demand for its at-home offerings with subscriber growth and member engagement both trending upward. This led to consecutive quarters of outperformance relative to analyst expectations, driving the stock price higher during the period. As of the end of the period, the Fund remained overweight in the stock.
Amazon.com (Consumer Discretionary), Apple (Information Technology), and NVIDIA (Information Technology) contributed positively to performance on an absolute basis over the period.
The Fund’s investment process includes the use of factor-based strategies, which involve targeting certain company characteristics, or factors, that we believe impact returns across asset classes. Factor impact on the Fund was positive. The Fund’s slight underweight exposure to dividend paying equities and overweight exposure to names with higher liquidity contributed positively to performance, while the Fund’s slight underweight exposure to high momentum equities detracted from performance.
During the period, the Fund, at times, used equity index futures to equitize cash or efficiently manage risks. During the period, the use of equity index futures contributed slightly to performance.
What is the outlook as of the end of the period?
Macroeconomic uncertainty remains at the forefront as U.S. equity markets continue their rebound amid optimism from accommodative policy and strong earnings from index leaders, while a second wave of coronavirus infections unfolds in some states. Persistent market uncertainties – such as the outcome of the U.S. presidential election and the unknown efficacy and timeline for a coronavirus vaccine – cause us to believe that the range of potential economic outcomes is wide and
that current investor exuberance may not be long-lasting. Against this backdrop, we remain vigilant in balancing factor exposures in the Fund to seek to reduce the impact of factor volatility and help ensure that security selection drives results.
Looking across the factor landscape, we continue to monitor the risks facing equity factors amid ongoing market volatility. In 2020, trend-following factors (e.g., growth and momentum) have extended their outperformance over most other areas of the market. However, we believe valuations are stretched, and the primary risk we are monitoring is a momentum reversal, which we believe would be damaging to equities that are levered to the ongoing market rebound. For example, we have seen the outperformance of megacap technology companies dominate markets. While this streak seems set to continue, a momentum reversal could be a technical risk for these names, while any shift in the regulatory landscape could present a more fundamental risk. As of the end of the period, we maintained the Fund’s exposure to companies characterized by mean-reversion factors (e.g., value and contrarian), as we expect them to provide capital appreciation during economic recovery and in the event of a cyclical rally. That said, we are monitoring the risks these factors are exposed to, in particular the risk of insolvency in the event of a drawn-out economic slowdown. In our view, stocks that screen well for risk-aversion factors (e.g., low volatility and quality) tend to have protective characteristics such as stable profit margins and sustainable cash flows. Therefore, we see these exposures as a potential source of safety in the event of a traditional move to assets perceived to be less risky, but we are aware that they may lag the market during a strong rally. Finally, we believe that the market has not fully priced in the heightened risk that some companies become insolvent due to a prolonged economic slowdown while other companies that are able to pivot and adapt are likely to come out on top. We expect this to lead to a dispersion in equity results.
At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary and Consumer Staples sectors, while the Fund’s largest underweights were to the Information Technology and Communication Services sectors, relative to the Russell 3000 Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund’s strategy for allocating assets among portfolio management teams may not work as intended. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks are generally greater for investments in emerging markets. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
|
| The Hartford Capital Appreciation Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 6.8 | % |
Consumer Discretionary | | | 17.9 | |
Consumer Staples | | | 10.9 | |
Energy | | | 0.2 | |
Financials | | | 7.9 | |
Health Care | | | 16.2 | |
Industrials | | | 12.2 | |
Information Technology | | | 19.0 | |
Materials | | | 3.1 | |
Real Estate | | | 3.8 | |
Utilities | | | 0.4 | |
| | | | |
Total | | | 98.4 | % |
| | | | |
Short-Term Investments | | | 1.4 | |
Other Assets & Liabilities | | | 0.2 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Core Equity Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 04/30/1998 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 10.58% | | | | 11.57% | | | | 13.67% | |
Class A2 | | | 4.50% | | | | 10.31% | | | | 13.03% | |
Class C1 | | | 9.74% | | | | 10.74% | | | | 12.84% | |
Class C3 | | | 8.74% | | | | 10.74% | | | | 12.84% | |
Class I1 | | | 10.87% | | | | 11.86% | | | | 13.84% | |
Class R31 | | | 10.17% | | | | 11.19% | | | | 13.36% | |
Class R41 | | | 10.58% | | | | 11.56% | | | | 13.73% | |
Class R51 | | | 10.85% | | | | 11.87% | | | | 14.05% | |
Class R61 | | | 10.96% | | | | 11.96% | | | | 14.12% | |
Class Y1 | | | 10.89% | | | | 11.92% | | | | 14.10% | |
Class F1 | | | 10.97% | | | | 11.94% | | | | 13.88% | |
S&P 500 Index | | | 9.71% | | | | 11.71% | | | | 13.01% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class I shares commenced operations on 03/31/2015. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R6 shares commenced operations on 03/31/2015 and performance prior to that date is that of the Fund’s Class Y
shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares from 03/31/2015 through 02/27/2017 and Class A shares (excluding sales charges) prior to 03/31/2015.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 0.74% | | | | 0.74% | |
Class C | | | 1.48% | | | | 1.48% | |
Class I | | | 0.47% | | | | 0.47% | |
Class R3 | | | 1.11% | | | | 1.11% | |
Class R4 | | | 0.78% | | | | 0.78% | |
Class R5 | | | 0.49% | | | | 0.49% | |
Class R6 | | | 0.39% | | | | 0.39% | |
Class Y | | | 0.49% | | | | 0.46% | |
Class F | | | 0.39% | | | | 0.39% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Core Equity Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Mammen Chally, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Douglas W. McLane, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
David A. Siegle, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Core Equity Fund returned 10.58%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 8.39% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small-cap and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.
Seven out of eleven sectors in the S&P 500 Index rose during the period, with the Information Technology (+34%) and Consumer Discretionary
(+25%) sectors performing the best. The Energy (-46%) and Financials (-15%) sectors were the worst performers during the period.
Overall, the Fund’s outperformance versus the S&P 500 Index during the period was driven by strong security selection, primarily within the Consumer Staples, Healthcare, and Industrials sectors. This was partially offset by weaker stock selection within the Information Technology, Consumer Discretionary, and Financials sectors, which detracted from performance. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight to the Energy sector and overweight allocation to the Healthcare sector. This was partially offset by the Fund’s underweight to Information Technology, which detracted from performance.
The top contributors to relative performance over the period were not owning benchmark constituents ExxonMobil (Energy) and Wells Fargo (Financials), as well as an overweight position in FedEx (Industrials). Shares of ExxonMobil fell over the period following weak results and low oil prices as a result of the coronavirus. Exxon missed second-quarter 2020 earnings expectations after reporting a loss north of $1 billion, revenue of $32.6 billion that was $6 billion less than consensus, and a 10% quarter-over-quarter cut in production as the coronavirus pandemic pressured demand for the company’s products. Not owning the stock was a contributor to relative performance over the period due to its poor performance. Shares of Wells Fargo declined over the period after reporting consecutive disappointing quarterly results. In July 2020, the company announced it set aside a record $9.5 billion for credit losses. Executives warned they would earmark more for soured loans as the coronavirus pandemic continued to rage throughout the U.S. and weigh on companies and workers. Falling yields have also negatively affected the bank. Not owning the stock was also a contributor to relative performance over the period due to poor performance. Shares of delivery services company, FedEx, rose over the period after the company announced two consecutive fiscal quarters of strong earnings as online shopping soared among customers avoiding stores. The company also announced that shipping rates would increase for FedEx Express, FedEx Ground, and FedEx Freights in January 2021. During the period, we initiated a position in the company for the Fund. Top absolute contributors included Apple (Information Technology) and Amazon.com (Consumer Discretionary).
The top detractors from the Fund’s relative performance over the period included not owning benchmark constituent, Nvidia (Information
|
| Hartford Core Equity Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Technology), an overweight position in Boston Properties (Real Estate), and an underweight position in Apple (Information Technology). U.S. chip maker Nvidia reported consecutive better-than-expected quarterly fiscal earnings. Overall revenue rose 50% on an annualized basis in the second quarter of 2020. Nvidia also announced its plan to purchase Arm from Softbank for $40 billion. Not owning the stock during the period was a detractor from the Fund’s performance due to the stock’s strong performance. Shares of Apple rose during the period after it reported consecutive strong quarterly results. Demand across all the company’s products has exceeded expectations during the period. The company benefited from a strong launch of the iPhone SE and economic stimulus measures. Apple executed a 4-for-1 stock split at the end of August. As of the end of the period, the Fund remains underweight given Apple’s size in the benchmark. Shares of Boston Properties declined over the period. Due to the stay-at-home policies during the period, physical occupancy within the company’s properties has been low. The Fund’s absolute detractors for the period included Boston Properties (Real Estate) and Raytheon (Industrials).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
In the next few months, we will know a lot more about whether we will have a vaccine and treatment options to reduce the hospitalization and mortality rate for COVID-19. While we can see additional flare-ups, our base case assumption is that we can return to a new normal towards the end of 2021.
Outside of the U.S., there are still parts of the world where the incidence of cases has not stabilized, and in some areas, it does appear that the peak for the pandemic may still be many weeks or even months away. Unfortunately, a lot of uncertainty remains. We are spending more time understanding the possible permanent or semi-permanent changes to behavior, both from a consumer and corporate perspective, and what that might mean for some of the Fund’s holdings. However, it seems too early to come to firm conclusions.
We continue to stay focused on the long term as eventually we will put this health crisis behind us. While we did make some changes within the Fund, we continue to be incremental and mindful of the impact of volatility.
At the end of the period, the Fund’s largest overweight sectors relative to the S&P 500 Index were to the Consumer Staples and Industrials sectors, while the Fund’s largest underweights were to the Consumer Discretionary and Energy sectors, relative to the S&P 500 Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 10.3 | % |
Consumer Discretionary | | | 10.1 | |
Consumer Staples | | | 9.8 | |
Energy | | | 0.7 | |
Financials | | | 9.6 | |
Health Care | | | 14.3 | |
Industrials | | | 8.8 | |
Information Technology | | | 26.4 | |
Materials | | | 2.0 | |
Real Estate | | | 1.8 | |
Utilities | | | 3.2 | |
| | | | |
Total | | | 97.0 | % |
| | | | |
Short-Term Investments | | | 1.8 | |
Other Assets & Liabilities | | | 1.2 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Dividend and Growth Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 07/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks a high level of current income consistent with growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -2.20% | | | | 8.15% | | | | 10.20% | |
Class A2 | | | -7.58% | | | | 6.94% | | | | 9.58% | |
Class C1 | | | -3.01% | | | | 7.33% | | | | 9.38% | |
Class C3 | | | -3.95% | | | | 7.33% | | | | 9.38% | |
Class I1 | | | -1.97% | | | | 8.42% | | | | 10.47% | |
Class R31 | | | -2.54% | | | | 7.78% | | | | 9.85% | |
Class R41 | | | -2.26% | | | | 8.11% | | | | 10.19% | |
Class R51 | | | -1.97% | | | | 8.44% | | | | 10.52% | |
Class R61 | | | -1.87% | | | | 8.53% | | | | 10.62% | |
Class Y1 | | | -1.91% | | | | 8.51% | | | | 10.61% | |
Class F1 | | | -1.89% | | | | 8.49% | | | | 10.51% | |
S&P 500 Index | | | 9.71% | | | | 11.71% | | | | 13.01% | |
Russell 1000 Value Index | | | -7.57% | | | | 5.82% | | | | 9.48% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.01% | | | | 1.01% | |
Class C | | | 1.78% | | | | 1.78% | |
Class I | | | 0.75% | | | | 0.75% | |
Class R3 | | | 1.37% | | | | 1.37% | |
Class R4 | | | 1.05% | | | | 1.05% | |
Class R5 | | | 0.75% | | | | 0.75% | |
Class R6 | | | 0.66% | | | | 0.66% | |
Class Y | | | 0.75% | | | | 0.69% | |
Class F | | | 0.65% | | | | 0.65% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Dividend and Growth Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Matthew G. Baker
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Nataliya Kofman
Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Dividend and Growth Fund returned -2.20%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming one of the Fund’s benchmarks, the S&P 500 Index, which returned 9.71% for the same period, and outperforming the Fund’s other benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the -5.44% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.
Seven out of eleven sectors in the S&P 500 Index rose during the period, with the Information Technology (+34%), Consumer Discretionary (+25%), and Communication Services (+16%) sectors performing the best. The Energy (-46%), Financials (-15%), and Real Estate (-10%) sectors were the worst performers during the period.
Security selection detracted from the Fund’s returns relative to the S&P 500 Index over the period. Stock selection effects were weakest within the Information Technology, Consumer Discretionary, and Communication Services sectors. This was partially offset by stronger selection within the Energy sector, which contributed positively to performance relative to the S&P 500 Index. Sector allocation, a result of the bottom-up stock selection process, detracted from the Fund’s performance relative to the S&P 500 Index over the period. An overweight to the Energy and Financials sectors, as well as an underweight to the Information Technology sector, detracted the most from returns relative to the S&P 500 Index.
The Fund’s top detractors from the Fund’s performance relative to the S&P 500 Index as well as absolute performance included not owning Amazon (Consumer Discretionary), an underweight to Apple (Information Technology), and an overweight to Bank of America (Financials). Not holding S&P 500 Index constituent Amazon (Consumer Discretionary), was a top relative detractor from performance during the period as shares of the company rose during the period. An underweight to Apple (Information Technology) was the other significant relative detractor from performance during the period as shares of Apple rose during the period. During the period, we maintained the Fund’s underweight in the company. Shares of Bank of America fell as coronavirus worries sent Treasury yields lower. Thirty-year U.S. Treasury notes fell to record low yields, and 10-year U.S. Treasury notes fell to levels not seen since 2016, narrowing the spread on the bank’s longer-term assets funded with shorter-term liabilities.
The Fund’s top contributors to performance relative to the S&P 500 Index during the period were ExxonMobil (Energy) and Eli Lilly (Healthcare), both of which were eliminated during the period, and not owning Wells Fargo (Financials). ExxonMobil (Energy) was a top contributor to relative performance during the period, as we exited the position prior to the energy market collapse in March 2020. Eli Lilly (Healthcare) was the other top contributor to relative performance over the period. Shares of Eli Lilly rose after the company reported strong results and news that it was entering into an agreement to develop an experimental therapy to combat coronavirus. We reduced the Fund’s position on the stock’s strong performance late spring and eliminated the position in early June. We benefited from not owning the shares in the Fund later in the period as the company has lagged the strong market rally. Shares of Wells Fargo fell over the period after the chief financial officer predicted higher loan-loss provisions in addition to a sharp drop in interest income for the year.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
|
| The Hartford Dividend and Growth Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
What is the outlook as of the end of the period?
Although the market continued to climb higher in the third quarter of 2020, we are wrestling with many unknowns in the short term. While large amounts of liquidity have been pumped into the market to try and safeguard consumer spending, we are still facing high rates of unemployment and each day are reminded of the increasing number of coronavirus cases. During these turbulent times, we believe it is best to try to avoid balance sheet risk while seeking to identify mispriced opportunities that can potentially create enormous value on the other side of the pandemic.
In the face of great uncertainty, we remain focused on seeking to invest in companies at reasonable valuations, with attractive long-term free cash flow generation, solid balance sheets, and resilient fundamentals.
At the end of the period, the Fund had its largest overweights in the Financials and Healthcare sectors, and the largest underweights in the Information Technology and Consumer Discretionary sectors, relative to the S&P 500 Index.
We continue to apply our valuation discipline within the Fund to seek to maintain a portfolio of resilient businesses that are reasonably valued and have favorable industry and competitive dynamics.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 9.2 | % |
Consumer Discretionary | | | 6.7 | |
Consumer Staples | | | 6.0 | |
Energy | | | 3.7 | |
Financials | | | 17.2 | |
Health Care | | | 15.5 | |
Industrials | | | 9.4 | |
Information Technology | | | 18.7 | |
Materials | | | 4.0 | |
Real Estate | | | 2.5 | |
Utilities | | | 4.0 | |
| | | | |
Total | | | 96.9 | % |
| | | | |
Short-Term Investments | | | 1.9 | |
Other Assets & Liabilities | | | 1.2 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Equity Income Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 08/28/2003 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks a high level of current income consistent with growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -4.68% | | | | 6.89% | | | | 9.94% | |
Class A2 | | | -9.92% | | | | 5.69% | | | | 9.32% | |
Class C1 | | | -5.38% | | | | 6.11% | | | | 9.14% | |
Class C3 | | | -6.26% | | | | 6.11% | | | | 9.14% | |
Class I1 | | | -4.44% | | | | 7.16% | | | | 10.24% | |
Class R31 | | | -4.97% | | | | 6.52% | | | | 9.57% | |
Class R41 | | | -4.72% | | | | 6.84% | | | | 9.90% | |
Class R51 | | | -4.46% | | | | 7.15% | | | | 10.23% | |
Class R61 | | | -4.34% | | | | 7.27% | | | | 10.35% | |
Class Y1 | | | -4.40% | | | | 7.23% | | | | 10.33% | |
Class F1 | | | -4.31% | | | | 7.24% | | | | 10.28% | |
Russell 1000 Value Index | | | -7.57% | | | | 5.82% | | | | 9.48% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.00% | | | | 1.00% | |
Class C | | | 1.76% | | | | 1.76% | |
Class I | | | 0.76% | | | | 0.76% | |
Class R3 | | | 1.36% | | | | 1.36% | |
Class R4 | | | 1.07% | | | | 1.07% | |
Class R5 | | | 0.76% | | | | 0.76% | |
Class R6 | | | 0.66% | | | | 0.66% | |
Class Y | | | 0.77% | | | | 0.72% | |
Class F | | | 0.66% | | | | 0.66% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Equity Income Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
W. Michael Reckmeyer, III, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Adam H. Illfelder, CFA
Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Matthew C. Hand, CFA
Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Equity Income Fund returned -4.68%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the -5.44% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to that of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
During the period, four out of eleven sectors within the Russell 1000 Value Index posted positive absolute returns, with the Healthcare (+11%), Materials (+9%), and Consumer Staples (+4%) sectors performing the best. Conversely, the Energy (-46%), Real Estate (-22%), and Financials (-18%) sectors lagged over the period.
The Fund’s outperformance relative to the Russell 1000 Value Index was driven by security selection, primarily within the Financials, Real Estate,
and Industrials sectors. This more than offset less favorable selection within the Healthcare, Utilities, and Consumer Staples sectors. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance due to the Fund’s overweight to the Healthcare sector and underweights to the Real Estate and Financials sectors. This was partially offset by the Fund’s underweight position in the Materials sector.
Top contributors to relative returns included not owning benchmark constituent Wells Fargo (Financials) as well as the Fund’s positions in UnitedHealth Group (Healthcare) and Deere (Industrials). Shares of Well Fargo dropped after the company reported a loss in the second quarter of 2020 driven by large loan loss provisions which more than doubled first-quarter 2020 levels. After falling in the first quarter of 2020 amid the broader market selloff, shares of UnitedHealth Group rebounded on strong second-quarter earnings, with earnings per share (EPS) up 100% year-over-year, beating the consensus expectations by a significant amount. Performance was driven by lower utilization and a significant decline in the medical loss ratio. Shares of Deere rose over the period after the company announced strong third-quarter 2020 results, which exceeded expectations. The agricultural machinery giant increased its sales outlook for the year as demand remained resilient despite the uncertainty related to coronavirus. The company also announced the completion of the acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business.
Top detractors from relative results included Suncor Energy (Energy) and Phillips 66 (Energy), along with not owning benchmark constituent Danaher (Healthcare). Suncor Energy is a Canadian company primarily focused on developing petroleum resource basins. The company’s stock price slid as the company cut its dividend and lowered guidance for full-year production as a result of mandatory curtailments. At the start of September 2020, Suncor lowered guidance again after a fire broke out at their Fort McMurray facility, resulting in the acceleration of proposed maintenance. Shares of Phillips 66 traded lower as earnings fell in the second quarter of 2020, primarily due to a decline in results in the refining segment as margins and volume shrank. The stock continued to trend downward through the rest of the period. Shares of Danaher, a provider of medical equipment, climbed early in 2020 on the announcement of a deal to acquire General Electric’s biopharma unit, putting Danaher at the forefront of biotech equipment makers. Strong earnings and the announced split-off of dental business Envista further benefited the stock.
|
| The Hartford Equity Income Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
It is our belief that high-quality businesses with sustainable dividend policies are in an advantageous position to strengthen as they emerge from a downturn – taking market share, or, in some cases, making opportunistic acquisitions at attractive valuations. This is embodied in a quote we often reference: “The strong get stronger in crisis situations.”
To this end, amid the heightened market volatility, we have been exercising patience and, where possible, seeking to swap into higher quality companies at similar valuations. While we believe that the near-term threat of dividend cuts and suspensions has abated relative to earlier in the year, we remain vigilant, seeking to avoid potential dividend cutters and the companies that would be most directly impacted in a prolonged shutdown. In some instances, we have closely monitored the possibility of companies suspending a dividend temporarily as a measure to improve solvency. While this seems prudent in many cases, we prefer to avoid this contingency where possible, and favor companies with strong balance sheets that we believe can endure through the cycle.
At the end of the period, the Healthcare, Consumer Staples, and Industrials sectors represented the Fund’s largest overweights relative to the Russell 1000 Value Index, while the Communication Services, Consumer Discretionary, and Materials sectors were the Fund’s largest underweights.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 5.4 | % |
Consumer Discretionary | | | 5.0 | |
Consumer Staples | | | 10.7 | |
Energy | | | 3.3 | |
Financials | | | 18.2 | |
Health Care | | | 17.0 | |
Industrials | | | 15.0 | |
Information Technology | | | 10.7 | |
Materials | | | 2.8 | |
Real Estate | | | 2.7 | |
Utilities | | | 7.6 | |
| | | | |
Total | | | 98.4 | % |
| | | | |
Short-Term Investments | | | 0.7 | |
Other Assets & Liabilities | | | 0.9 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Growth Opportunities Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 03/31/1963 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 47.77% | | | | 18.53% | | | | 17.09% | |
Class A2 | | | 39.64% | | | | 17.20% | | | | 16.43% | |
Class C1 | | | 46.72% | | | | 17.65% | | | | 16.24% | |
Class C3 | | | 45.72% | | | | 17.65% | | | | 16.24% | |
Class I1 | | | 48.19% | | | | 18.83% | | | | 17.38% | |
Class R31 | | | 47.28% | | | | 18.13% | | | | 16.73% | |
Class R41 | | | 47.74% | | | | 18.49% | | | | 17.08% | |
Class R51 | | | 48.15% | | | | 18.84% | | | | 17.43% | |
Class R61 | | | 48.26% | | | | 18.97% | | | | 17.54% | |
Class Y1 | | | 48.18% | | | | 18.93% | | | | 17.53% | |
Class F1 | | | 48.32% | | | | 18.92% | | | | 17.43% | |
Russell 3000 Growth Index | | | 28.20% | | | | 16.84% | | | | 16.00% | |
Russell 1000 Growth Index | | | 29.22% | | | | 17.32% | | | | 16.31% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.13% | | | | 1.13% | |
Class C | | | 1.88% | | | | 1.88% | |
Class I | | | 0.86% | | | | 0.86% | |
Class R3 | | | 1.48% | | | | 1.48% | |
Class R4 | | | 1.17% | | | | 1.17% | |
Class R5 | | | 0.87% | | | | 0.87% | |
Class R6 | | | 0.76% | | | | 0.76% | |
Class Y | | | 0.86% | | | | 0.80% | |
Class F | | | 0.76% | | | | 0.76% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
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| The Hartford Growth Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Stephen Mortimer
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Mario E. Abularach, CFA, CMT
Senior Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Growth Opportunities Fund returned 47.77%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmarks, the Russell 3000 Growth Index, which returned 28.20% for the same period and the Russell 1000 Growth Index, which returned 29.22% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 27.08% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Mid-cap growth equities outperformed the broader market during this period. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020, bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Eight out of eleven sectors in the Russell 3000 Growth Index rose during the period, with the Consumer Discretionary (+43%), Information Technology (+42%), and Communication Services (+32%) sectors performing the best. Conversely, the Energy (-32%) and Utilities (-10%) sectors lagged on a relative basis during the period.
Security selection contributed positively to the Fund’s performance relative to the Russell 3000 Growth Index during the period, with strong selection in the Information Technology, Healthcare and Industrials sectors, which was partially offset by weaker selection within the Financials and Consumer Discretionary sectors. Sector allocation, a
result of our bottom-up stock selection process, also contributed positively to performance relative to the Russell 3000 Growth Index during the period, due to an overweight to the Consumer Discretionary sector and lack of exposure to the Real Estate sector. This was partially offset by the negative impact of an underweight to the Information Technology sector, which detracted from performance.
Top contributors to performance relative to the Russell 3000 Growth Index during the period included Peloton (Consumer Discretionary), Square (Information Technology), and Advanced Micro Devices (Information Technology). Shares of Peloton, an exercise equipment and media company, rose over the period as the company has continued to see strong earnings reports throughout the coronavirus pandemic. Gym closures and continued fears of coronavirus have led to increased confidence in the theme of people being more open to working out at home as consumers look for alternatives to gyms. We increased the Fund’s position during the period. Shares of Square, a mobile payments provider, rose during the period. The company has seen strong earnings through the coronavirus pandemic. Its peer-to-peer Cash App helped drive Square’s performance, benefiting from its users depositing government stimulus checks. Unemployment checks and tax refunds have provided an additional boost for the app as well. Shares of Advanced Micro Devices, a semiconductor company, rose over the period after the Trump administration announced a phase one trade deal with China, removing a big obstacle for the company. The company also cited better-than-expected personal computer (PC) sales in the second half of the year, along with continued data-center growth and an increase in gaming console sales. The company has further benefited from Intel’s delay of its 7nm processors. Amazon (Consumer Discretionary) and Apple (information technology) were among the top absolute contributors during the period.
Top relative detractors from performance relative to the Russell 3000 Growth Index during the period included Pinterest (Communication Services), Microsoft (Information Technology), and Galapagos (Healthcare). Pinterest saw strong user growth in late 2019; however, the majority of new users came from international countries where users generate less revenue than those in the U.S. We eliminated the position within the Fund during the period. The Fund’s lack of exposure to Microsoft detracted from performance. Shares of Microsoft rose over the period on continued strong earnings reports and strengthened core offerings, such as the Azure cloud-computing business and Teams collaboration software which benefited from the work-from-home orders. Shares of Galapagos declined after the U.S. Food and Drug Administration (FDA) issued a complete response letter for filgotinib, a treatment for moderate to severe rheumatoid arthritis being developed in partnership with Gilead Sciences. A complete response letter is issued when the FDA has completed its review of a drug and has decided that it
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| The Hartford Growth Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
will not approve it for marketing in its current form. American Express (Financials) and Marriott Vacations (Consumer Discretionary) were among the top absolute detractors during the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
Following a nearly 30% rebound in the Russell 3000 Growth Index in the second quarter of 2020 driven by cyclical sectors, U.S. equities continued on a positive trajectory in the third quarter of 2020. Investors largely remained risk tolerant despite coronavirus continuing to affect large portions of the U.S., slowing the economic recovery and perpetuating market uncertainty. Cyclical sectors such as Consumer Discretionary and Information Technology led in the third quarter of 2020.
In terms of positioning, we continue to strive for more balance in the Fund by investing in different types of “growth” companies – an effort that we began in the second quarter of 2020 as we trimmed the Fund’s positions in companies that have performed well during the coronavirus pandemic and subsequent lockdown restrictions, and deployed some of that capital into more cyclical growth names. Given the uncertainty of the current environment, we believe a barbell approach between cyclical growth versus emerging and compounding growth names may help us control risk in a down market if we see another severe wave of the virus that will slow the recovery, which may also allow us to participate on the upside if the market continues to anticipate a full reopening. Part of our barbell strategy is to find some companies who have been hurt by the pandemic that we believe should emerge stronger coming out of this crisis, such as off-price retailers. Among those companies that have performed well during the pandemic, we see them falling into two camps: those growth equities which can build on their accelerated growth going forward, and those which will likely revert to the mean. Importantly, we are evaluating how possible permanent or semi-permanent changes in consumer behavior will impact companies. The paradigm shifts going on now, whether sustainable or not, are extraordinary and non-linear, in our view, and we believe we need to be more flexible than ever before when analyzing this new world.
At the end of the period, the Fund’s largest overweights relative to the Russell 3000 Growth Index were the Consumer Discretionary and Healthcare sectors. The Fund had the largest underweights to the Information Technology and Communication Services sectors.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 8.4 | % |
Consumer Discretionary | | | 27.8 | |
Consumer Staples | | | 2.9 | |
Financials | | | 1.2 | |
Health Care | | | 17.5 | |
Industrials | | | 5.6 | |
Information Technology | | | 33.8 | |
Real Estate | | | 0.1 | |
| | | | |
Total | | | 97.3 | % |
| | | | |
Short-Term Investments | | | 2.1 | |
Other Assets & Liabilities | | | 0.6 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Healthcare Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 05/01/2000 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 22.17% | | | | 10.17% | | | | 16.03% | |
Class A2 | | | 15.45% | | | | 8.94% | | | | 15.37% | |
Class C1 | | | 21.21% | | | | 9.35% | | | | 15.18% | |
Class C3 | | | 20.21% | | | | 9.35% | | | | 15.18% | |
Class I1 | | | 22.49% | | | | 10.47% | | | | 16.36% | |
Class R31 | | | 21.74% | | | | 9.82% | | | | 15.70% | |
Class R41 | | | 22.12% | | | | 10.15% | | | | 16.05% | |
Class R51 | | | 22.48% | | | | 10.48% | | | | 16.40% | |
Class R61 | | | 22.61% | | | | 10.58% | | | | 16.50% | |
Class Y1 | | | 22.55% | | | | 10.57% | | | | 16.49% | |
Class F1 | | | 22.59% | | | | 10.55% | | | | 16.41% | |
S&P Composite 1500 Health Care Index | | | 10.83% | | | | 9.84% | | | | 15.07% | |
S&P 500 Index | | | 9.71% | | | | 11.71% | | | | 13.01% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2019. Performance prior to that date is that of the Fund’s Class Y shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.31% | | | | 1.31% | |
Class C | | | 2.06% | | | | 2.06% | |
Class I | | | 1.02% | | | | 1.02% | |
Class R3 | | | 1.63% | | | | 1.63% | |
Class R4 | | | 1.33% | | | | 1.33% | |
Class R5 | | | 1.03% | | | | 1.03% | |
Class R6 | | | 0.92% | | | | 0.92% | |
Class Y | | | 1.03% | | | | 0.97% | |
Class F | | | 0.92% | | | | 0.92% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Healthcare Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Jean M. Hynes, CFA*
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Ann C. Gallo
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Robert L. Deresiewicz
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Rebecca D. Sykes
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
* Effective June 30, 2021, Ms. Hynes will no longer serve as a portfolio manager to the Fund. Through June 30, 2021, Ms. Hynes will transition her portfolio management responsibilities to Ms. Sykes.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Healthcare Fund returned 22.17%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmarks, the S&P Composite 1500 Health Care Index, which returned 10.83% for the same period, and the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 21.51% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Healthcare equities (+10.1%) outperformed both the broader United States (U.S.) equity market (+9.7%) and the global equity market (+5.4%) during the period, as measured by the S&P 500 Healthcare Index, S&P 500 Index, and MSCI ACWI Index, respectively.
Within the S&P Composite 1500 Health Care Index, four of the five sub-sectors posted positive absolute returns during the period. Mid-cap biopharma (+24.3%), medical technology (+17.6%), healthcare services (+12.0%) and large-cap biopharma (+4.0%) rose during the period. Small-cap biopharma (-17.1%) posted a negative absolute return during the period.
Security selection was the primary contributor to the Fund’s performance relative to the S&P Composite 1500 Health Care Index during the period, while sector allocation detracted from relative returns. Security selection was strongest in small-cap and mid-cap biopharma sub-sectors during the period. Within sector allocation, which is a byproduct of our bottom-up stock selection process, an overweight allocation to small-cap biopharma detracted most from relative performance during the period.
Forty Seven (small-cap biopharma), Momenta Pharmaceuticals (mid-cap biopharma), and MyoKardia (mid-cap biopharma) contributed positively to results relative to the S&P Composite 1500 Health Care Index over the period due to positive acquisition announcements. In March, Forty
Seven, a U.S.-based development-stage targeted oncology company, announced an agreement in which Gilead Sciences would acquire Forty Seven for $4.9 billion, a 60% premium to the stock’s closing price as of the end of February 2020. Shares of Momenta Pharmaceuticals, a U.S.-based biopharmaceutical company focused on developing drugs and biosimilars for cancer and autoimmune diseases, rose sharply in August 2020 after the company announced it had been acquired by Johnson & Johnson for approximately $6.5 billion in cash, which is approximately a 70% premium over the stock’s prior closing price. Shares of MyoKardia, a U.S.-based precision cardiovascular medicine company, soared in October 2020 on the announcement that Bristol Myers Squibb will acquire the pharmaceutical firm for $13.1 billion. We eliminated the above positions within the Fund during the period to take profits. Top absolute contributors to performance included Forty Seven, Thermo Fisher Scientific, and Momenta Pharmaceuticals.
Tricida (small-cap biopharma), Boston Scientific (medical technology), and Portola Pharmaceuticals (small-cap biopharma) were the top detractors from performance relative to the S&P Composite 1500 Health Care Index over the period. Shares of Tricida, a clinical-stage biopharma company that is focused on treatment of metabolic acidosis, declined during the period. Notable declines occurred most recently after the U.S. Food and Drug Administration (FDA) issued a Complete Response Letter (CRL) to the company regarding its new drug application for veverimer, a treatment for metabolic acidosis in patients with chronic kidney disease. Boston Scientific, a U.S.-based medical device company, was one of the first large healthcare companies to forecast a negative sales impact to Chinese operations from coronavirus. While coronavirus spread throughout Europe and the U.S., shares slid further as investors anticipated additional business disruption. Portola Pharmaceuticals is a U.S.-based biopharmaceutical company focused on the treatment of blood-related disorders and cancers. The stock was down after the company reported disappointing results for the fourth quarter of 2019 involving a recently launched drug, Andexxa, the only FDA and European Medicines Agency approved reversal agent for serious bleeds associated with the use of novel oral anti-coagulants. The company later announced an agreement to be acquired by Alexion for
|
| The Hartford Healthcare Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
$18 per share in an all cash transaction, which closed during the third quarter of 2020. As a result, we sold the stock to redeploy capital into opportunities with greater upside potential in our view. Boston Scientific, Tricida, and Portola Pharmaceuticals were also the top absolute detractors from performance.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
We expect the human and economic impact of coronavirus to remain challenging, but remain optimistic there will be a number of therapies to treat symptomatic patients and to offer prophylaxis against the virus, perhaps for certain high-risk parts of the population, as early as year end. We are encouraged by the initial clinical data for the Regeneron antibody cocktail, which reduced the viral load and shortened the time to symptomatic relief in the outpatient setting. As for vaccines, we are cautiously optimistic that one or more will be proven effective at reducing infection rates and will be approved, as well as deployed starting in late 2020 and into 2021.
The biopharmaceutical industry has come together to respond to this pandemic by spending research and development (R&D) dollars to develop treatments and vaccines for coronavirus, while seeking minimal profits. We expect the financial benefit of successful treatments to be modest and short-term for the companies developing them, yet we anticipate the goodwill will create a halo effect for the industry. The pandemic has resulted in budgetary shortfalls for governments and health systems around the world, and we expect the industry will be asked to contribute to these budget gaps. We are not expecting major shifts in how healthcare is delivered or reimbursed as a result of the pandemic but will be watching closely for unanticipated consequences in the future.
In selecting stocks for the Fund, we favor companies that develop innovative products designed to address important unmet medical needs. Over the long term, we believe the benefits of innovation, an aging population, and the globalization of demand for cutting-edge Western-style medicines are likely to continue to drive growth of the sector.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Risks of focusing investments on the healthcare related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk. • Small- and mid-cap securities can have greater risks and volatility than large-cap securities. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets.
Composition by Subsector(1)
as of 10/31/2020
| | | | |
| Subsector | | Percentage of
Net Assets | |
Equity Securities | |
Biotechnology | | | 22.0 | % |
Diversified Telecommunication Services | | | 0.1 | |
Health Care Equipment & Supplies | | | 24.5 | |
Health Care Providers & Services | | | 17.1 | |
Health Care Technology | | | | |
Life Sciences Tools & Services | | | 12.2 | |
Pharmaceuticals | | | 23.5 | |
| | | | |
Total | | | 99.4 | % |
| | | | |
Short-Term Investments | | | 2.1 | |
Other Assets & Liabilities | | | (1.5 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These subsector classifications are used for financial reporting purposes. |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 12/31/1997 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 6.48% | | | | 10.17% | | | | 12.13% | |
Class A2 | | | 0.62% | | | | 8.93% | | | | 11.50% | |
Class C1 | | | 5.63% | | | | 9.35% | | | | 11.31% | |
Class C3 | | | 4.66% | | | | 9.35% | | | | 11.31% | |
Class I1 | | | 6.74% | | | | 10.44% | | | | 12.41% | |
Class R31 | | | 6.09% | | | | 9.80% | | | | 11.78% | |
Class R41 | | | 6.42% | | | | 10.14% | | | | 12.12% | |
Class R51 | | | 6.77% | | | | 10.47% | | | | 12.46% | |
Class R61 | | | 6.85% | | | | 10.58% | | | | 12.57% | |
Class Y1 | | | 6.81% | | | | 10.55% | | | | 12.56% | |
Class F1 | | | 6.85% | | | | 10.52% | | | | 12.45% | |
S&P MidCap 400 Index | | | -1.15% | | | | 7.39% | | | | 10.36% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.11% | | | | 1.11% | |
Class C | | | 1.87% | | | | 1.87% | |
Class I | | | 0.85% | | | | 0.85% | |
Class R3 | | | 1.45% | | | | 1.45% | |
Class R4 | | | 1.16% | | | | 1.16% | |
Class R5 | | | 0.85% | | | | 0.85% | |
Class R6 | | | 0.75% | | | | 0.75% | |
Class Y | | | 0.85% | | | | 0.79% | |
Class F | | | 0.75% | | | | 0.75% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Classes I and Y and in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Philip W. Ruedi, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Mark A. Whitaker, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford MidCap Fund returned 6.48%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned -1.15% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 23.61% average return of the Lipper MidCap Growth Funds peer group, a group of funds with investment strategies similar to that of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Mid-cap growth equities outperformed the broader market during this period. In the first quarter of 2020, U.S. equities ended sharply lower as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020 bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.
Within the S&P MidCap 400 Index, five of the eleven sectors posted positive returns during the period. The Healthcare (+26%), Consumer Staples (+14%), and Information Technology (+13%) sectors performed the best, while the Energy (-45%), Real Estate (-28%) and Utilities (-22%) sectors lagged.
The Fund outperformed the S&P MidCap 400 Index during the period primarily because of positive sector allocation, a result of our bottom up
stock selection process. This was primarily due to an overweight allocation to the Healthcare sector and an underweight to the Real Estate sector. This was partially offset by an overweight to the Communication Services sector and an underweight to the Consumer Discretionary sector, which detracted from performance. Security selection also contributed positively to the Fund’s outperformance relative to the S&P MidCap 400 Index during the period. Selection effects were particularly strong within the Industrials, Real Estate, and Consumer Discretionary sectors. This was partially offset by weak selection in the Healthcare, Information Technology, and Consumer Staples sectors, which detracted from performance during the period.
Top contributors to relative performance during the period included Wayfair (Consumer Discretionary), Redfin (Real Estate), and Etsy (Consumer Discretionary). Shares of Wayfair rose over the period. The company has reported strong demand across the home and goods categories as stay-at-home mandates have led to an increase in online shopping. We eliminated the Fund’s position during the period. Shares of Redfin, a real estate brokerage, rose over the period as the company has seen increased homebuying demand throughout the coronavirus pandemic as people pursue the suburbs and more affordable cities with the increase in remote work. Shares of Etsy rose over the period after the company positioned the platform as a leading supplier of homemade cloth masks. The handmade crafts e-commerce platform’s sharp spike in customer acquisitions has increased brand awareness and opportunities for customer retention during the coronavirus pandemic.
Top relative detractors from the Fund’s relative performance included WEX (Information Technology), Reata Pharmaceutical (Healthcare), and Teradata (Information Technology). Shares of WEX, a provider of fuel payment processing for fleet vehicles, fell during the period as coronavirus-related lockdowns drove declines in fuel transactions, payment processing, as well as travel and corporate solutions purchases. The company did not provide fiscal 2020 guidance due to uncertainties caused by the ongoing pandemic. Shares of Reata Pharmaceutical declined over the period after the company announced that its filing of a U.S. marketing application for omaveloxolone, a treatment for Friedreich’s ataxia, would be delayed indefinitely if the U.S. Food and Drug Administration requires a second pivotal study. Shares of Teradata, a database and analytics-related software provider, fell during the period after the company cut its full-year adjusted earnings outlook in late 2019. Furthermore, the company’s chief executive officer and chief revenue officer both left the company during the period.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
Fund Overview – (continued)
October 31, 2020 (Unaudited)
What is the outlook as of the end of the period?
The high-growth and large-cap leadership that has dominated the market showed signs of weakness towards the end of the period. We continue to seek to build a diversified portfolio of blue-chip, market-leading mid-cap companies.
Given the performance dispersion across sectors in 2020, we anticipate continuing to explore opportunities in areas of the market that have largely underperformed, such as banks, as well as utilities and real estate companies. We also view the space of home health companies as attractive given the challenges nursing facilities face during the coronavirus crisis and a likely trend towards home health services. Moving forward, we continue to examine what the world may look like during a post-coronavirus economic recovery and the trends that may result.
At the end of the period, the Fund’s largest overweights were in the Information Technology and Healthcare sectors. The Fund had the largest underweights to the Consumer Discretionary, Real Estate and Financials sectors.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 4.4 | % |
Consumer Discretionary | | | 10.1 | |
Consumer Staples | | | 1.9 | |
Energy | | | 0.5 | |
Financials | | | 10.5 | |
Health Care | | | 18.2 | |
Industrials | | | 16.5 | |
Information Technology | | | 28.1 | |
Materials | | | 2.6 | |
Real Estate | | | 4.8 | |
Utilities | | | 2.5 | |
| | | | |
Total | | | 100.1 | % |
| | | | |
Short-Term Investments | | | 0.7 | |
Other Assets & Liabilities | | | (0.8 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford MidCap Value Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 04/30/2001 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -12.86% | | | | 2.37% | | | | 7.26% | |
Class A2 | | | -17.65% | | | | 1.22% | | | | 6.65% | |
Class C1 | | | -13.55% | | | | 1.62% | | | | 6.48% | |
Class C3 | | | -14.39% | | | | 1.62% | | | | 6.48% | |
Class I1 | | | -12.58% | | | | 2.66% | | | | 7.59% | |
Class R31 | | | -13.12% | | | | 2.07% | | | | 6.97% | |
Class R41 | | | -12.88% | | | | 2.39% | | | | 7.31% | |
Class R51 | | | -12.60% | | | | 2.69% | | | | 7.63% | |
Class Y1 | | | -12.55% | | | | 2.77% | | | | 7.72% | |
Class F1 | | | -12.51% | | | | 2.76% | | | | 7.65% | |
Russell Midcap Value Index | | | -6.94% | | | | 5.32% | | | | 9.40% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.23% | | | | 1.23% | |
Class C | | | 2.00% | | | | 2.00% | |
Class I | | | 0.90% | | | | 0.90% | |
Class R3 | | | 1.52% | | | | 1.52% | |
Class R4 | | | 1.21% | | | | 1.21% | |
Class R5 | | | 0.92% | | | | 0.92% | |
Class Y | | | 0.91% | | | | 0.87% | |
Class F | | | 0.80% | | | | 0.80% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford MidCap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Manager
Gregory J. Garabedian
Senior Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford MidCap Value Fund returned -12.86%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Russell Midcap Value Index, which returned -6.94% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also underperformed the -2.51% average return of the Lipper MidCap Core Fund peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap, as large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Returns within the mid-cap space varied by style, as the Russell Midcap Growth Index outperformed the Russell Midcap Value Index.
Six of the eleven sectors in the Russell Midcap Value Index gained during the period, with the Healthcare (+19%), Materials (+15%), and Information Technology (+7%) sectors performing the best, while the Energy (-45%), Real Estate (-26%), and Financials (-15%) sectors lagged during the period.
The Fund’s underperformance versus the Russell Midcap Value Index over the twelve-month period was driven primarily by security selection. Security selection within the Energy, Materials, and Industrials sectors was a top detractor from performance, but was partially offset by
favorable selection in the Real Estate, Healthcare, and Financials sectors. Sector allocation, a result of the bottom-up stock selection process, added to relative performance during the period, in part due to overweights to the Healthcare and Information Technology sectors. Underweights to the Consumer Staples and Utilities sectors weighed on performance during the period.
Top detractors from the Fund’s performance relative to the Russell Midcap Value Index during the period included Diamondback Energy (Energy), Delek, (Energy), and Noble Energy (Energy). Shares of these oil and gas producing companies came under pressure during the past year due to a decrease in crude oil and natural gas prices amid decreasing demand stemming from the coronavirus pandemic. Top absolute detractors from Fund performance were Boston Properties (Real Estate), Diamondback Energy (Energy), and STORE Capital (Real Estate).
Top contributors to the Fund’s relative performance over the period included overweights to Molina Healthcare (Healthcare), Lumentum (Information Technology), and Fortune Brands (Industrials). Shares of Molina Healthcare rose during the period after reporting solid earnings as the Medicaid and Medicare business segments continued to show strong growth. Healthcare equities also rose as investors increasingly viewed a strict “Medicare-for-All” healthcare policy as less likely going forward. Shares of Lumentum rose during the period after the company reported consecutive quarterly earnings that topped estimates. Shares of Fortune Brands rose over the period after the company reported second quarter 2020 earnings that exceeded expectations. These results were led by increased home improvement demand. Top absolute contributors to the Fund’s performance were Molina Healthcare (Healthcare), Hologic (Healthcare), and Lumentum (Information Technology).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
While we expect continued volatility in the near term, we continue to focus on seeking to find companies that are undervalued in the marketplace by evaluating three primary criteria: an issuer’s earnings power, growth potential and price-to-earnings ratio.
At the end of the period, the Fund’s largest overweights relative to the Russell Midcap Value Index were to the Financials, Healthcare and Information Technology sectors. The Fund’s largest underweights were in the Energy, Communication Services, and Utilities sectors.
|
| The Hartford MidCap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.8 | % |
Consumer Discretionary | | | 10.5 | |
Consumer Staples | | | 3.5 | |
Energy | | | 1.8 | |
Financials | | | 21.0 | |
Health Care | | | 11.6 | |
Industrials | | | 16.5 | |
Information Technology | | | 11.2 | |
Materials | | | 8.0 | |
Real Estate | | | 8.6 | |
Utilities | | | 4.9 | |
| | | | |
Total | | | 99.4 | % |
| | | | |
Short-Term Investments | | | 0.2 | |
Other Assets & Liabilities | | | 0.4 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Quality Value Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 01/02/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -7.34% | | | | 5.39% | | | | 8.33% | |
Class A2 | | | -12.43% | | | | 4.21% | | | | 7.72% | |
Class C1 | | | -8.09% | | | | 4.60% | | | | 7.53% | |
Class C3 | | | -8.97% | | | | 4.60% | | | | 7.53% | |
Class I1 | | | -7.02% | | | | 5.73% | | | | 8.68% | |
Class R31 | | | -7.56% | | | | 5.10% | | | | 8.05% | |
Class R41 | | | -7.34% | | | | 5.41% | | | | 8.39% | |
Class R51 | | | -7.05% | | | | 5.73% | | | | 8.70% | |
Class R61 | | | -6.92% | | | | 5.84% | | | | 8.78% | |
Class Y1 | | | -7.05% | | | | 5.78% | | | | 8.75% | |
Class F1 | | | -6.94% | | | | 5.79% | | | | 8.72% | |
Russell 1000 Value Index | | | -7.57% | | | | 5.82% | | | | 9.48% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
The returns include the Fund’s performance when the Fund pursued a different investment objective and principal investment strategy prior to 11/01/2017.
Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.00% | | | | 0.96% | |
Class C | | | 1.76% | | | | 1.71% | |
Class I | | | 0.65% | | | | 0.65% | |
Class R3 | | | 1.27% | | | | 1.18% | |
Class R4 | | | 0.95% | | | | 0.88% | |
Class R5 | | | 0.67% | | | | 0.63% | |
Class R6 | | | 0.56% | | | | 0.46% | |
Class Y | | | 0.66% | | | | 0.57% | |
Class F | | | 0.55% | | | | 0.46% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Quality Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Matthew G. Baker
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Nataliya Kofman
Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Quality Value Fund returned -7.34%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -6.15% average return of the Lipper Large Cap Value Fund peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
During the period, four out of eleven sectors within the Russell 1000 Value Index posted positive absolute returns, with the Healthcare (+11%), Materials (+9%), and Consumer Staples (+4%) sectors performing the best. Conversely, the Energy (-46%), Real Estate (-22%), and Financials (-18%) sectors lagged over the period.
Security selection and sector allocation both contributed positively to the Fund’s performance relative to the Russell 1000 Value Index over the period. Strong stock selection within the Information Technology, Real Estate, and Consumer Discretionary sectors were the top contributors to relative performance. This was partially offset by weaker security
selection within the Healthcare, Financials, and Utilities sectors, which detracted from performance. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance during the period, due to an overweight to the Information Technology sector and underweight positions in the Consumer Staples and Consumer Discretionary sectors. This was partially offset by an overweight to the Energy sector and an underweight to the Materials sector, which detracted from performance.
Top contributors to relative performance over the period were Lowe’s Companies (Consumer Discretionary), not holding Wells Fargo (Financials), and Qualcomm (Information Technology). The share price of Lowe’s rose over the period, following upbeat earnings results. The company reported a 20% increase in same-store sales in April 2020 and has seen the trend continue, supported by its online business. Shares of Wells Fargo fell over the period after the Chief Financial Officer (CFO) predicted higher loan-loss provisions in addition to a sharp drop in interest income for the year. Qualcomm’s stock price rose after the company reported strong quarterly results driven by improving sales forecasts as well as a recently announced licensing deal with Huawei Technologies. During the period, we trimmed the Fund’s position slightly on valuation.
The largest detractors from the Fund’s performance relative to the Russell 1000 Value Index over the period were Citigroup (Financials), not holding Danaher (Healthcare), and Total (Energy). Shares of Citigroup fell after the CFO warned revenue could drop as the bank set aside more in reserves to cover potential losses caused by the coronavirus pandemic. Danaher’s stock price rose over the period after its Cepheid unit received Emergency Use Authorization from the Food and Drug Administration (FDA) for its coronavirus test. Shares of Total also fell over the period as the pandemic has drastically reduced demand for crude oil. As of the end of the period, the Fund maintained a position in the company.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
Although the market continued its climb in the third quarter of 2020, we are wrestling with many unknowns in the short term. While enormous amounts of liquidity have been pumped into the market to try and safeguard consumer spending, we are still facing high rates of unemployment and each day are reminded of the increasing number of coronavirus cases. As temperatures dip, there is concern that an even higher resurgence of the virus may emerge. Our framework during these turbulent times is to try to avoid balance sheet risk while seeking to
|
| Hartford Quality Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
identify mispriced opportunities that can potentially create enormous value on the other side of the pandemic.
We continue to seek to invest in companies that have reasonable valuations with attractive long-term free cash flow generation, solid balance sheets, and resilient fundamentals.
At the end of the period, the Fund’s largest overweights were to the Information Technology and Financials sectors, while the Fund’s largest underweights were to the Communication Services sector, relative to the Russell 1000 Value Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 6.0 | % |
Consumer Discretionary | | | 7.8 | |
Consumer Staples | | | 7.2 | |
Energy | | | 4.6 | |
Financials | | | 19.8 | |
Health Care | | | 14.2 | |
Industrials | | | 12.6 | |
Information Technology | | | 11.5 | |
Materials | | | 4.3 | |
Real Estate | | | 4.3 | |
Utilities | | | 6.7 | |
| | | | |
Total | | | 99.0 | % |
| | | | |
Short-Term Investments | | | 0.9 | |
Other Assets & Liabilities | | | 0.1 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Small Cap Growth Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 01/04/1988 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 14.06% | | | | 10.22% | | | | 12.40% | |
Class A2 | | | 7.79% | | | | 8.98% | | | | 11.76% | |
Class C1 | | | 13.31% | | | | 9.48% | | | | 11.62% | |
Class C3 | | | 12.31% | | | | 9.48% | | | | 11.62% | |
Class I1 | | | 14.50% | | | | 10.58% | | | | 12.76% | |
Class R31 | | | 13.80% | | | | 9.93% | | | | 12.13% | |
Class R41 | | | 14.13% | | | | 10.27% | | | | 12.47% | |
Class R51 | | | 14.47% | | | | 10.61% | | | | 12.81% | |
Class R61 | | | 14.62% | | | | 10.72% | | | | 12.91% | |
Class Y1 | | | 14.58% | | | | 10.69% | | | | 12.91% | |
Class F1 | | | 14.62% | | | | 10.67% | | | | 12.80% | |
Russell 2000 Growth Index | | | 13.37% | | | | 10.36% | | | | 11.95% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.26% | | | | 1.26% | |
Class C | | | 1.90% | | | | 1.90% | |
Class I | | | 0.84% | | | | 0.84% | |
Class R3 | | | 1.49% | | | | 1.49% | |
Class R4 | | | 1.18% | | | | 1.18% | |
Class R5 | | | 0.86% | | | | 0.86% | |
Class R6 | | | 0.77% | | | | 0.77% | |
Class Y | | | 0.87% | | | | 0.81% | |
Class F | | | 0.77% | | | | 0.77% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Small Cap Growth Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Mammen Chally, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
David A. Siegle, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Douglas W. McLane, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Small Cap Growth Fund returned 14.06%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 13.37% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 17.69% average return of the Lipper Small-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small-cap and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.
Six out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Healthcare (+38%), Information
Technology (+12%), and Consumer Discretionary (+12%) sectors increased the most, while the Energy (-52%), Real Estate (-12%), and Utilities (-10%) sectors lagged the broader index.
Security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index during the period. Strong selection within the Information Technology, Consumer Staples, and Communication Services sectors contributed positively to relative performance. This was partially offset by weaker selection in the Industrials, Financials, and Real Estate sectors, which detracted from performance. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight allocation to the Utilities sector and an overweight in the Industrials sector. An overweight allocation to the Consumer Discretionary sector detracted from performance during the period.
The top contributors to relative performance during the period were overweight positions in Five9 (Information Technology), MyoKardia (Healthcare), and Smith & Wesson (Consumer Discretionary). Shares of Five9, a provider of cloud-based software for contact centers, ended the period higher after reporting consecutive earnings results that beat the previous year’s corresponding quarterly results. As of the end of the period, the Fund continued to own this security. Shares of MyoKardia rose over the period. The stock soared in October 2020 on the announcement that Bristol Myers Squibb will acquire the pharmaceutical firm for $13.1 billion. Shares of Smith & Wesson increased significantly over the period after surpassing earnings expectations for the past two quarters. Nationwide coronavirus lockdowns, paired with the environments of civil unrest, have led to an increase in the demand for guns as a form of personal protection. Top absolute contributors for the period included Five9 (Information Technology), MyoKardia (Healthcare), and Teladoc Health (Healthcare).
The top detractors from relative performance included not holding Quidel (Healthcare), and overweight positions in Steve Madden (Consumer Discretionary), and Caleres (Consumer Discretionary). Shares of Quidel rose during the period after the company received emergency use authorization from the U.S. Food and Drug Administration (FDA) for the company’s rapid-result coronavirus test amid a push to ramp up detection of the deadly virus. The company’s Sofia 2 test can provide results in 15 minutes. Not owning the stock, which is a constituent of the Russell 2000 Growth Index, was a detractor from the Fund’s relative performance over the period due to the stock’s strong performance.
|
| The Hartford Small Cap Growth Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Shares of Steve Madden, a women’s fashion footwear company, fell during the period. During the period, we exited this holding in the Fund after coronavirus negatively impacted non-essential retailers. Caleres, an American footwear company, was a top detractor from relative performance during the period. Shares of Caleres fell as the company reported an earnings miss and lower year-over-year sales for the fourth quarter of 2019. Further, the dramatic slowdown in retail demand throughout the U.S. in response to coronavirus has also weighed on the stock price. During the period, we eliminated this position within the Fund on the same basis as Steve Madden. Top absolute detractors for the period included Steve Madden (Consumer Discretionary), Caleres (Consumer Discretionary), and MGIC Investment (Financials).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
In the next few months, we believe we will know a lot more about whether we will have a vaccine and treatment options to reduce the hospitalization and mortality rate for coronavirus. While we can see additional flare-ups, our base case assumption is that we can return to a new normal towards the end of 2021.
Beyond the U.S. border, there are still parts of the world where the incidence of cases has not stabilized, and in some areas, it does appear that the peak may still be many weeks or even months away. So, unfortunately, a lot of uncertainty remains. We are spending more time understanding the possible permanent or semi-permanent changes to behavior, both from a consumer and corporate perspective, and what that might mean for some of the Fund’s holdings. However, it seems too early to come to conclusions.
We continue to stay focused on the long term as we will eventually put this health crisis behind us. While we did make some changes to the holdings within the Fund, we continue to be incremental and mindful of the impact of volatility.
At the end of the period, the Fund’s largest overweights were to the Financials, Information Technology and Consumer Discretionary sectors, while the Fund’s largest underweights were to the Utilities, Healthcare, and Real Estate sectors, relative to the Russell 2000 Growth Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Small-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.6 | % |
Consumer Discretionary | | | 15.1 | |
Consumer Staples | | | 3.3 | |
Energy | |
|
|
|
Financials | | | 5.9 | |
Health Care | | | 33.2 | |
Industrials | | | 12.8 | |
Information Technology | | | 21.8 | |
Materials | | | 3.0 | |
Real Estate | | | 2.8 | |
| | | | |
Total | | | 99.5 | % |
| | | | |
Short-Term Investments | | | 1.6 | |
Other Assets & Liabilities | | | (1.1 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Small Cap Value Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 01/01/2005 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks long-term capital appreciation. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -14.57% | | | | 1.87% | | | | 6.59% | |
Class A2 | | | -19.27% | | | | 0.73% | | | | 5.99% | |
Class C1 | | | -15.15% | | | | 1.11% | | | | 5.79% | |
Class C3 | | | -15.95% | | | | 1.11% | | | | 5.79% | |
Class I1 | | | -14.22% | | | | 2.20% | | | | 6.79% | |
Class R31 | | | -14.62% | | | | 1.66% | | | | 6.44% | |
Class R41 | | | -14.46% | | | | 1.94% | | | | 6.72% | |
Class R51 | | | -14.21% | | | | 2.26% | | | | 7.01% | |
Class R61 | | | -14.17% | | | | 2.33% | | | | 7.06% | |
Class Y1 | | | -14.18% | | | | 2.32% | | | | 7.05% | |
Class F1 | | | -14.22% | | | | 2.27% | | | | 6.82% | |
Russell 2000 Value Index | | | -13.92% | | | | 3.71% | | | | 7.06% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class I shares commenced operations on 03/31/2015. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R3, R4 and R5 shares commenced operations on 09/30/2011. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares from
03/31/2015 through 02/27/2017 and Class A shares (excluding sales charges) prior to 03/31/2015. Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
Performance prior to 11/01/2018 reflects when the Fund pursued different strategies.
Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 06/04/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.37% | | | | 1.30% | |
Class C | | | 2.14% | | | | 2.05% | |
Class I | | | 1.00% | | | | 1.00% | |
Class R3 | | | 1.62% | | | | 1.50% | |
Class R4 | | | 1.31% | | | | 1.20% | |
Class R5 | | | 1.01% | | | | 0.90% | |
Class R6 | | | 0.89% | | | | 0.80% | |
Class Y | | | 1.00% | | | | 0.85% | |
Class F | | | 0.89% | | | �� | 0.80% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Small Cap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Manager
Sean M. Kammann
Managing Director, Equity Portfolio Manager
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Small Cap Value Fund returned -14.57%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Russell 2000 Value Index, which returned -13.92% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -12.85% average return of the Lipper Small-Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap, as large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Value Index, respectively.
Four of the eleven sectors in the Russell 2000 Value Index rose during the period, with the Healthcare (+20%), Consumer Staples (+19%), and Consumer Discretionary (+7%) sectors performing best. Conversely, the Energy (-51%), Communication Services (-33%), and Real Estate (-30%) sectors lagged over the period.
Security selection detracted from the Fund’s performance relative to the Russell 2000 Value Index during the period due to weak stock selection in the Industrials, Consumer Discretionary, and Information Technology sectors, which was partially offset by strong stock selection in the Financials, Communication Services, and Utilities sectors. Sector allocation, a result of our bottom-up stock selection process, benefited
relative performance. The Fund’s lack of exposure to the Energy sector and an overweight to the Consumer Discretionary sector contributed positively, while the Fund’s underweight to the Healthcare and Materials sectors partially offset these results.
The largest contributors to relative performance over the period were Medifast (Consumer Staples), Sturm Ruger & Co (Consumer Discretionary), and Avid Technology (Information Technology). Shares of Medifast, an American nutrition and weight loss company, rose over the period on strong new client acquisition and coach additions in the second quarter of 2020, which led to an 18% growth rate in revenue year-over-year, coming in significantly higher than consensus estimates. American firearm manufacturing company Sturm Ruger & Co. benefited from rising sales at the beginning of the year, driven by consumer demand, new products, and reduced promotional activity. Outperformance continued in the most recent quarter, with firearm sales climbing 178% year-over-year. Avid Technology is a technology and media company that develops a variety of software and systems. Shares climbed higher on 68% year-over-year growth in subscription revenue for the second quarter of 2020. While product sales and professional services were negatively impacted by the pandemic, high-margin subscriptions have continued to see growth. The company continued to perform well through the end of the period, maintaining momentum in subscription growth.
The largest detractors from relative performance during the period were Great Western (Financials), Knoll (Industrials), and Deluxe (Industrials). Shares of Great Western, a bank holding company based in South Dakota, fell during the period as the company faced challenges from elevated credit costs and outsized provisions in response to a significantly weaker economic outlook resulting from coronavirus. Knoll designs and manufactures branded office furniture products and textiles. The company’s net sales declined more than 25% in the second quarter of 2020 following steep declines in incoming orders during April and May. The third quarter of 2020 saw revenues decline, and gross margin shrink despite multiple rounds of layoffs conducted to reduce costs. After withdrawing guidance in March 2020 given uncertainties around coronavirus, shares of Deluxe, a company offering check printing and related business services, fell considerably. First-quarter profitability was pressured by deteriorating sales and asset impairment charges as the U.S. moved into a lockdown.
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
As we begin to think longer-term about the implications of the enormous federal budget deficits built during this crisis, we observe that the most consistent way countries have dealt with this throughout history is through higher inflation. We do not expect this to occur imminently, but it seems probable over the medium term. We believe that inflationary
|
| Hartford Small Cap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
periods tend to be a favorable backdrop for valuation focused investing. We continue to focus our efforts on seeking to find the most attractive long-term excess return opportunities, while seeking to balance this against the associated risks.
At the end of the period, the Fund was most overweight to the Information Technology, Financials, and Consumer Staples sectors, and most underweight to the Real Estate, Energy, and Utilities sectors relative to the Russell 2000 Value Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Small-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.7 | % |
Consumer Discretionary | | | 12.8 | |
Consumer Staples | | | 6.4 | |
Financials | | | 34.5 | |
Health Care | | | 5.6 | |
Industrials | | | 17.6 | |
Information Technology | | | 12.5 | |
Materials | | | 3.5 | |
Real Estate | | | 3.0 | |
Utilities | | | 2.2 | |
| | | | |
Total | | | 99.8 | % |
| | | | |
Short-Term Investments | | | 2.7 | |
Other Assets & Liabilities | | | (2.5 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| The Hartford Small Company Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 07/22/1996 Sub-advised by Wellington Management Company LLP | | Investment objective – The Fund seeks growth of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 33.28% | | | | 15.11% | | | | 13.16% | |
Class A2 | | | 25.95% | | | | 13.81% | | | | 12.52% | |
Class C1 | | | 32.18% | | | | 14.22% | | | | 12.32% | |
Class C3 | | | 31.18% | | | | 14.22% | | | | 12.32% | |
Class I1 | | | 33.65% | | | | 15.41% | | | | 13.46% | |
Class R31 | | | 32.97% | | | | 14.88% | | | | 12.94% | |
Class R41 | | | 33.34% | | | | 15.21% | | | | 13.28% | |
Class R51 | | | 33.74% | | | | 15.56% | | | | 13.62% | |
Class R61 | | | 33.85% | | | | 15.64% | | | | 13.71% | |
Class Y1 | | | 33.71% | | | | 15.61% | | | | 13.69% | |
Class F1 | | | 33.81% | | | | 15.54% | | | | 13.52% | |
Russell 2000 Growth Index | | | 13.37% | | | | 10.36% | | | | 11.95% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.
To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.35% | | | | 1.35% | |
Class C | | | 2.15% | | | | 2.15% | |
Class I | | | 1.05% | | | | 1.05% | |
Class R3 | | | 1.63% | | | | 1.56% | |
Class R4 | | | 1.33% | | | | 1.26% | |
Class R5 | | | 1.03% | | | | 0.96% | |
Class R6 | | | 0.92% | | | | 0.91% | |
Class Y | | | 0.98% | | | | 0.96% | |
Class F | | | 0.91% | | | | 0.91% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| The Hartford Small Company Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Steven C. Angeli, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
John V. Schneider, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Ranjit Ramachandran, CFA
Managing Director and Equity Research Analyst
Wellington Management Company LLP
Manager Discussion
How did the Fund perform during the period?
The Class A shares of The Hartford Small Company Fund returned 33.28%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 13.37% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 17.69% average return of the Lipper Small-Cap Growth Funds peer group , a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, rose 9.4% over the trailing twelve-month period ending October 31, 2020. Small-, mid- and large-cap growth equities outperformed the broader market during this period. The first quarter of 2020 ended sharply lower as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020 bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.
Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed mid-cap and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Growth significantly outperformed value in all market cap ranges during the period.
Six out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Healthcare (+38%), Information
Technology (+12%), and Consumer Discretionary (+12%) sectors increased the most, while the Energy (-52%), Real Estate (-12%), and Utilities (-10%) sectors lagged the broader index.
During the period, security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index. Strong selection in the Healthcare, Information Technology, and Industrials sectors contributed positively to relative performance, slightly offset by weak selection in the Materials and Financials sectors. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight allocation to the Industrials sector.
The top contributors to relative performance during the period were Livongo Health (Healthcare), Chegg (Consumer Discretionary), and Boston Beer Co. (Consumer Discretionary). Shares of Livongo Health, a virtual healthcare provider, rose after the company announced second quarter 2020 revenue that was above expectations. Livongo also announced a merger agreement with Teledoc Health which is anticipated to position the firm as one of the leaders in comprehensive virtual care during a time of unprecedented demand and is anticipated to further expand access to underserved populations. Shares of Chegg rose over the period after reporting first-quarter earnings that surpassed expectations. The online textbook rental and learning services company saw subscriptions increase by 35% from last year as institutions moved to online learning in response to coronavirus. Shares of Boston Beer Co., a beverage company with key brands Samuel Adams and Twisted Tea, rose after the company reported strong results driven by the company’s Truly seltzer brand despite increasing competition in the spiked seltzer market. Top absolute contributors for the period included Livongo Health (Healthcare) and Chegg (Consumer Discretionary).
The top detractors from relative performance during the period included Curtiss-Wright (Industrials), Ingevity (Materials), and not holding benchmark constituent Quidel (Healthcare). Shares of Curtiss-Wright, an engineered components manufacturer servicing aerospace, defense, power generation and general industrial end markets, fell during the period as coronavirus created uncertainty for future economic growth. Shares declined on commercial aerospace and defense budget concerns. Shares of Quidel rose during the period on the heels of the U.S. Food and Drug Administration (FDA) Emergency Use Authorization for the company’s rapid-result coronavirus test amid a push to ramp up detection of the virus. The company’s Sofia 2 test can provide results in 15 minutes. Shares of Ingevity, a specialty chemicals manufacturer, traded down after
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| The Hartford Small Company Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
management cited coronavirus-related challenges in their automobile and oil and gas end-markets. Top absolute detractors for the period included NexPoint Residential (Real Estate), Performance Foods Group (Consumer Staples), and Marriott Vacations (Consumer Discretionary).
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
Overall, we continue to have significant uncertainty around the timing of the economic recovery, full deployment of an effective vaccine for coronavirus and policy changes that may occur as a result of the U.S. election. We remain consistent in adhering to our disciplined portfolio construction process that we believe allows us to assess risk, weight individual positions accordingly, and in the process build a portfolio that focuses largely on stock selection in seeking to generate outperformance relative to the Russell 2000 Growth Index.
In recent months, we have been trimming or eliminating stocks in the Fund that performed strongly. We have been investing in companies that we believe may perform well in a recovering economy as well as investing in companies that we believe may perform well in a more challenged macro environment.
At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary, Industrials, and Information Technology sectors, while the Fund’s largest underweights were to the Healthcare, Consumer Staples, and Real Estate sectors, relative to the Russell 2000 Growth Index.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Small-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 2.1 | % |
Consumer Discretionary | | | 18.6 | |
Consumer Staples | | | 0.9 | |
Financials | | | 9.0 | |
Health Care | | | 26.1 | |
Industrials | | | 16.6 | |
Information Technology | | | 21.9 | |
Materials | | | 0.8 | |
Real Estate | | | 1.3 | |
| | | | |
Total | | | 97.3 | % |
| | | | |
Short-Term Investments | | | 4.8 | |
Other Assets & Liabilities | | | (2.1 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
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| Hartford Domestic Equity Funds |
Benchmark Glossary (Unaudited)
Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.
Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Index is designed to measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest U.S. companies based on total market capitalization.
Russell Midcap Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.
S&P Composite 1500 Health Care Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index comprised of those companies included in the S&P Composite 1500 that are classified as members of the Global Industry Classification Standard (GICS®) health care sector.
S&P MidCap 400 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index designed to measure the performance of the mid-cap segment of the market. The index is composed of 400 constituent companies.
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| Hartford Domestic Equity Funds |
Expense Examples (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.
Actual Expenses
The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During The Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Annualized
expense
ratio | |
The Hartford Capital Appreciation Fund | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,161.90 | | | $ | 5.76 | | | $ | 1,000.00 | | | $ | 1,019.81 | | | $ | 5.38 | | | | 1.06 | % |
Class C | | $ | 1,000.00 | | | $ | 1,157.70 | | | $ | 9.93 | | | $ | 1,000.00 | | | $ | 1,015.94 | | | $ | 9.27 | | | | 1.83 | % |
Class I | | $ | 1,000.00 | | | $ | 1,163.80 | | | $ | 4.24 | | | $ | 1,000.00 | | | $ | 1,021.22 | | | $ | 3.96 | | | | 0.78 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,160.00 | | | $ | 7.71 | | | $ | 1,000.00 | | | $ | 1,018.00 | | | $ | 7.20 | | | | 1.42 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,162.00 | | | $ | 5.92 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.53 | | | | 1.09 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,163.60 | | | $ | 4.35 | | | $ | 1,000.00 | | | $ | 1,021.12 | | | $ | 4.06 | | | | 0.80 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,164.30 | | | $ | 3.86 | | | $ | 1,000.00 | | | $ | 1,021.57 | | | $ | 3.61 | | | | 0.71 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,163.90 | | | $ | 4.13 | | | $ | 1,000.00 | | | $ | 1,021.32 | | | $ | 3.86 | | | | 0.76 | % |
Class F | | $ | 1,000.00 | | | $ | 1,164.10 | | | $ | 3.81 | | | $ | 1,000.00 | | | $ | 1,021.62 | | | $ | 3.56 | | | | 0.70 | % |
| | | | | | |
Hartford Core Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,147.00 | | | $ | 3.94 | | | $ | 1,000.00 | | | $ | 1,021.47 | | | $ | 3.71 | | | | 0.73 | % |
Class C | | $ | 1,000.00 | | | $ | 1,142.60 | | | $ | 7.97 | | | $ | 1,000.00 | | | $ | 1,017.70 | | | $ | 7.51 | | | | 1.48 | % |
Class I | | $ | 1,000.00 | | | $ | 1,148.70 | | | $ | 2.54 | | | $ | 1,000.00 | | | $ | 1,022.77 | | | $ | 2.39 | | | | 0.47 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,145.10 | | | $ | 5.72 | | | $ | 1,000.00 | | | $ | 1,019.81 | | | $ | 5.38 | | | | 1.06 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,147.10 | | | $ | 4.05 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,148.40 | | | $ | 2.59 | | | $ | 1,000.00 | | | $ | 1,022.72 | | | $ | 2.44 | | | | 0.48 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,149.00 | | | $ | 2.05 | | | $ | 1,000.00 | | | $ | 1,023.23 | | | $ | 1.93 | | | | 0.38 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,148.80 | | | $ | 2.48 | | | $ | 1,000.00 | | | $ | 1,022.82 | | | $ | 2.34 | | | | 0.46 | % |
Class F | | $ | 1,000.00 | | | $ | 1,149.30 | | | $ | 2.05 | | | $ | 1,000.00 | | | $ | 1,023.23 | | | $ | 1.93 | | | | 0.38 | % |
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| Hartford Domestic Equity Funds |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Annualized
expense
ratio | |
| | | | | | |
The Hartford Dividend and Growth Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,078.70 | | | $ | 5.23 | | | $ | 1,000.00 | | | $ | 1,020.11 | | | $ | 5.08 | | | | 1.00 | % |
Class C | | $ | 1,000.00 | | | $ | 1,074.20 | | | $ | 9.28 | | | $ | 1,000.00 | | | $ | 1,016.19 | | | $ | 9.02 | | | | 1.78 | % |
Class I | | $ | 1,000.00 | | | $ | 1,080.20 | | | $ | 3.82 | | | $ | 1,000.00 | | | $ | 1,021.47 | | | $ | 3.71 | | | | 0.73 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,077.30 | | | $ | 7.05 | | | $ | 1,000.00 | | | $ | 1,018.35 | | | $ | 6.85 | | | | 1.35 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,078.60 | | | $ | 5.49 | | | $ | 1,000.00 | | | $ | 1,019.86 | | | $ | 5.33 | | | | 1.05 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,080.00 | | | $ | 3.92 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,080.50 | | | $ | 3.40 | | | $ | 1,000.00 | | | $ | 1,021.87 | | | $ | 3.30 | | | | 0.65 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,080.30 | | | $ | 3.61 | | | $ | 1,000.00 | | | $ | 1,021.67 | | | $ | 3.51 | | | | 0.69 | % |
Class F | | $ | 1,000.00 | | | $ | 1,080.70 | | | $ | 3.40 | | | $ | 1,000.00 | | | $ | 1,021.87 | | | $ | 3.30 | | | | 0.65 | % |
| | | | | | |
The Hartford Equity Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,061.70 | | | $ | 5.23 | | | $ | 1,000.00 | | | $ | 1,020.06 | | | $ | 5.13 | | | | 1.01 | % |
Class C | | $ | 1,000.00 | | | $ | 1,057.80 | | | $ | 9.10 | | | $ | 1,000.00 | | | $ | 1,016.29 | | | $ | 8.92 | | | | 1.76 | % |
Class I | | $ | 1,000.00 | | | $ | 1,063.60 | | | $ | 3.89 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,060.30 | | | $ | 6.99 | | | $ | 1,000.00 | | | $ | 1,018.35 | | | $ | 6.85 | | | | 1.35 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,061.80 | | | $ | 5.44 | | | $ | 1,000.00 | | | $ | 1,019.86 | | | $ | 5.33 | | | | 1.05 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,063.00 | | | $ | 3.99 | | | $ | 1,000.00 | | | $ | 1,021.27 | | | $ | 3.91 | | | | 0.77 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,063.40 | | | $ | 3.48 | | | $ | 1,000.00 | | | $ | 1,021.77 | | | $ | 3.40 | | | | 0.67 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,063.10 | | | $ | 3.73 | | | $ | 1,000.00 | | | $ | 1,021.52 | | | $ | 3.66 | | | | 0.72 | % |
Class F | | $ | 1,000.00 | | | $ | 1,064.00 | | | $ | 3.42 | | | $ | 1,000.00 | | | $ | 1,021.82 | | | $ | 3.35 | | | | 0.66 | % |
| | | | | | |
The Hartford Growth Opportunities Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,364.50 | | | $ | 6.42 | | | $ | 1,000.00 | | | $ | 1,019.71 | | | $ | 5.48 | | | | 1.08 | % |
Class C | | $ | 1,000.00 | | | $ | 1,359.50 | | | $ | 10.91 | | | $ | 1,000.00 | | | $ | 1,015.89 | | | $ | 9.32 | | | | 1.84 | % |
Class I | | $ | 1,000.00 | | | $ | 1,366.70 | | | $ | 4.82 | | | $ | 1,000.00 | | | $ | 1,021.06 | | | $ | 4.12 | | | | 0.81 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,362.30 | | | $ | 8.37 | | | $ | 1,000.00 | | | $ | 1,018.05 | | | $ | 7.15 | | | | 1.41 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,364.40 | | | $ | 6.60 | | | $ | 1,000.00 | | | $ | 1,019.56 | | | $ | 5.63 | | | | 1.11 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,366.40 | | | $ | 5.00 | | | $ | 1,000.00 | | | $ | 1,020.91 | | | $ | 4.27 | | | | 0.84 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,367.20 | | | $ | 4.40 | | | $ | 1,000.00 | | | $ | 1,021.42 | | | $ | 3.76 | | | | 0.74 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,367.00 | | | $ | 4.64 | | | $ | 1,000.00 | | | $ | 1,021.22 | | | $ | 3.96 | | | | 0.78 | % |
Class F | | $ | 1,000.00 | | | $ | 1,367.10 | | | $ | 4.40 | | | $ | 1,000.00 | | | $ | 1,021.42 | | | $ | 3.76 | | | | 0.74 | % |
| | | | | | |
The Hartford Healthcare Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,098.80 | | | $ | 6.70 | | | $ | 1,000.00 | | | $ | 1,018.75 | | | $ | 6.44 | | | | 1.27 | % |
Class C | | $ | 1,000.00 | | | $ | 1,094.50 | | | $ | 10.69 | | | $ | 1,000.00 | | | $ | 1,014.93 | | | $ | 10.28 | | | | 2.03 | % |
Class I | | $ | 1,000.00 | | | $ | 1,100.10 | | | $ | 5.23 | | | $ | 1,000.00 | | | $ | 1,020.16 | | | $ | 5.03 | | | | 0.99 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,096.90 | | | $ | 8.43 | | | $ | 1,000.00 | | | $ | 1,017.09 | | | $ | 8.11 | | | | 1.60 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,098.70 | | | $ | 6.81 | | | $ | 1,000.00 | | | $ | 1,018.65 | | | $ | 6.55 | | | | 1.29 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,100.10 | | | $ | 5.33 | | | $ | 1,000.00 | | | $ | 1,020.06 | | | $ | 5.13 | | | | 1.01 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,100.70 | | | $ | 4.81 | | | $ | 1,000.00 | | | $ | 1,020.56 | | | $ | 4.62 | | | | 0.91 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,100.50 | | | $ | 5.02 | | | $ | 1,000.00 | | | $ | 1,020.36 | | | $ | 4.82 | | | | 0.95 | % |
Class F | | $ | 1,000.00 | | | $ | 1,100.80 | | | $ | 4.81 | | | $ | 1,000.00 | | | $ | 1,020.56 | | | $ | 4.62 | | | | 0.91 | % |
| | | | | | |
The Hartford MidCap Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,140.40 | | | $ | 5.97 | | | $ | 1,000.00 | | | $ | 1,019.56 | | | $ | 5.63 | | | | 1.11 | % |
Class C | | $ | 1,000.00 | | | $ | 1,135.70 | | | $ | 10.04 | | | $ | 1,000.00 | | | $ | 1,015.74 | | | $ | 9.48 | | | | 1.87 | % |
Class I | | $ | 1,000.00 | | | $ | 1,141.90 | | | $ | 4.68 | | | $ | 1,000.00 | | | $ | 1,020.76 | | | $ | 4.42 | | | | 0.87 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,138.00 | | | $ | 7.95 | | | $ | 1,000.00 | | | $ | 1,017.70 | | | $ | 7.51 | | | | 1.48 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,139.90 | | | $ | 6.19 | | | $ | 1,000.00 | | | $ | 1,019.36 | | | $ | 5.84 | | | | 1.15 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,141.90 | | | $ | 4.52 | | | $ | 1,000.00 | | | $ | 1,020.91 | | | $ | 4.27 | | | | 0.84 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,142.10 | | | $ | 4.09 | | | $ | 1,000.00 | | | $ | 1,021.32 | | | $ | 3.86 | | | | 0.76 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,141.70 | | | $ | 4.25 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.01 | | | | 0.79 | % |
Class F | | $ | 1,000.00 | | | $ | 1,142.00 | | | $ | 4.04 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
|
| Hartford Domestic Equity Funds |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Annualized
expense
ratio | |
| | | | | | |
The Hartford MidCap Value Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,069.20 | | | $ | 6.66 | | | $ | 1,000.00 | | | $ | 1,018.70 | | | $ | 6.50 | | | | 1.28 | % |
Class C | | $ | 1,000.00 | | | $ | 1,065.00 | | | $ | 10.64 | | | $ | 1,000.00 | | | $ | 1,014.83 | | | $ | 10.38 | | | | 2.05 | % |
Class I | | $ | 1,000.00 | | | $ | 1,071.10 | | | $ | 4.84 | | | $ | 1,000.00 | | | $ | 1,020.46 | | | $ | 4.72 | | | | 0.93 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,066.90 | | | $ | 8.10 | | | $ | 1,000.00 | | | $ | 1,017.29 | | | $ | 7.91 | | | | 1.56 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,068.80 | | | $ | 6.55 | | | $ | 1,000.00 | | | $ | 1,018.80 | | | $ | 6.39 | | | | 1.26 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,070.90 | | | $ | 4.84 | | | $ | 1,000.00 | | | $ | 1,020.46 | | | $ | 4.72 | | | | 0.93 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,071.60 | | | $ | 4.74 | | | $ | 1,000.00 | | | $ | 1,020.56 | | | $ | 4.62 | | | | 0.91 | % |
Class F | | $ | 1,000.00 | | | $ | 1,072.00 | | | $ | 4.37 | | | $ | 1,000.00 | | | $ | 1,020.91 | | | $ | 4.27 | | | | 0.84 | % |
| | | | | | |
Hartford Quality Value Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,060.40 | | | $ | 4.66 | | | $ | 1,000.00 | | | $ | 1,020.61 | | | $ | 4.57 | | | | 0.90 | % |
Class C | | $ | 1,000.00 | | | $ | 1,056.20 | | | $ | 8.84 | | | $ | 1,000.00 | | | $ | 1,016.54 | | | $ | 8.67 | | | | 1.71 | % |
Class I | | $ | 1,000.00 | | | $ | 1,062.50 | | | $ | 2.90 | | | $ | 1,000.00 | | | $ | 1,022.32 | | | $ | 2.85 | | | | 0.56 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,059.40 | | | $ | 6.00 | | | $ | 1,000.00 | | | $ | 1,019.31 | | | $ | 5.89 | | | | 1.16 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,060.40 | | | $ | 4.51 | | | $ | 1,000.00 | | | $ | 1,020.76 | | | $ | 4.42 | | | | 0.87 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,062.10 | | | $ | 3.01 | | | $ | 1,000.00 | | | $ | 1,022.22 | | | $ | 2.95 | | | | 0.58 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,063.10 | | | $ | 2.39 | | | $ | 1,000.00 | | | $ | 1,022.82 | | | $ | 2.34 | | | | 0.46 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,062.60 | | | $ | 3.01 | | | $ | 1,000.00 | | | $ | 1,022.22 | | | $ | 2.95 | | | | 0.58 | % |
Class F | | $ | 1,000.00 | | | $ | 1,062.70 | | | $ | 2.39 | | | $ | 1,000.00 | | | $ | 1,022.82 | | | $ | 2.34 | | | | 0.46 | % |
| | | | | | |
The Hartford Small Cap Growth Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,221.50 | | | $ | 7.04 | | | $ | 1,000.00 | | | $ | 1,018.80 | | | $ | 6.39 | | | | 1.26 | % |
Class C | | $ | 1,000.00 | | | $ | 1,217.80 | | | $ | 10.59 | | | $ | 1,000.00 | | | $ | 1,015.59 | | | $ | 9.63 | | | | 1.90 | % |
Class I | | $ | 1,000.00 | | | $ | 1,223.90 | | | $ | 4.81 | | | $ | 1,000.00 | | | $ | 1,020.81 | | | $ | 4.37 | | | | 0.86 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,220.30 | | | $ | 8.43 | | | $ | 1,000.00 | | | $ | 1,017.55 | | | $ | 7.66 | | | | 1.51 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,221.90 | | | $ | 6.76 | | | $ | 1,000.00 | | | $ | 1,019.05 | | | $ | 6.14 | | | | 1.21 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,223.80 | | | $ | 5.03 | | | $ | 1,000.00 | | | $ | 1,020.61 | | | $ | 4.57 | | | | 0.90 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,224.60 | | | $ | 4.42 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.01 | | | | 0.79 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,224.30 | | | $ | 4.64 | | | $ | 1,000.00 | | | $ | 1,020.96 | | | $ | 4.22 | | | | 0.83 | % |
Class F | | $ | 1,000.00 | | | $ | 1,224.50 | | | $ | 4.42 | | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.01 | | | | 0.79 | % |
| | | | | | |
Hartford Small Cap Value Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,146.60 | | | $ | 6.96 | | | $ | 1,000.00 | | | $ | 1,018.65 | | | $ | 6.55 | | | | 1.29 | % |
Class C | | $ | 1,000.00 | | | $ | 1,141.00 | | | $ | 10.92 | | | $ | 1,000.00 | | | $ | 1,014.93 | | | $ | 10.28 | | | | 2.03 | % |
Class I | | $ | 1,000.00 | | | $ | 1,147.80 | | | $ | 5.07 | | | $ | 1,000.00 | | | $ | 1,020.41 | | | $ | 4.77 | | | | 0.94 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,144.90 | | | $ | 7.66 | | | $ | 1,000.00 | | | $ | 1,018.00 | | | $ | 7.20 | | | | 1.42 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,146.60 | | | $ | 6.42 | | | $ | 1,000.00 | | | $ | 1,019.15 | | | $ | 6.04 | | | | 1.19 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,148.50 | | | $ | 4.70 | | | $ | 1,000.00 | | | $ | 1,020.76 | | | $ | 4.42 | | | | 0.87 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,148.50 | | | $ | 4.32 | | | $ | 1,000.00 | | | $ | 1,021.12 | | | $ | 4.06 | | | | 0.80 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,148.70 | | | $ | 4.59 | | | $ | 1,000.00 | | | $ | 1,020.86 | | | $ | 4.32 | | | | 0.85 | % |
Class F | | $ | 1,000.00 | | | $ | 1,147.80 | | | $ | 4.32 | | | $ | 1,000.00 | | | $ | 1,021.12 | | | $ | 4.06 | | | | 0.80 | % |
| | | | | | |
The Hartford Small Company Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,386.60 | | | $ | 7.86 | | | $ | 1,000.00 | | | $ | 1,018.55 | | | $ | 6.65 | | | | 1.31 | % |
Class C | | $ | 1,000.00 | | | $ | 1,380.30 | | | $ | 12.86 | | | $ | 1,000.00 | | | $ | 1,014.33 | | | $ | 10.89 | | | | 2.15 | % |
Class I | | $ | 1,000.00 | | | $ | 1,388.40 | | | $ | 6.00 | | | $ | 1,000.00 | | | $ | 1,020.11 | | | $ | 5.08 | | | | 1.00 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,385.10 | | | $ | 9.29 | | | $ | 1,000.00 | | | $ | 1,017.34 | | | $ | 7.86 | | | | 1.55 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,386.90 | | | $ | 7.50 | | | $ | 1,000.00 | | | $ | 1,018.85 | | | $ | 6.34 | | | | 1.25 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,388.70 | | | $ | 5.70 | | | $ | 1,000.00 | | | $ | 1,020.36 | | | $ | 4.82 | | | | 0.95 | % |
Class R6 | | $ | 1,000.00 | | | $ | 1,389.80 | | | $ | 5.41 | | | $ | 1,000.00 | | | $ | 1,020.61 | | | $ | 4.57 | | | | 0.90 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,388.90 | | | $ | 5.70 | | | $ | 1,000.00 | | | $ | 1,020.36 | | | $ | 4.82 | | | | 0.95 | % |
Class F | | $ | 1,000.00 | | | $ | 1,389.80 | | | $ | 5.41 | | | $ | 1,000.00 | | | $ | 1,020.61 | | | $ | 4.57 | | | | 0.90 | % |
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.7% | |
| | | | Automobiles & Components - 0.2% | |
| | 185,948 | | | Thor Industries, Inc. | | $ | 15,727,482 | |
| | | | | | | | |
| | | | Banks - 2.0% | |
| | 1,965,717 | | | Bank of America Corp. | | | 46,587,493 | |
| | 183,540 | | | M&T Bank Corp. | | | 19,011,073 | |
| | 158,950 | | | PNC Financial Services Group, Inc. | | | 17,783,326 | |
| | 552,763 | | | Western Alliance Bancorp | | | 22,773,836 | |
| | 609,629 | | | Zions Bancorp N.A | | | 19,672,728 | |
| | | | | | | | |
| | | | | | | 125,828,456 | |
| | | | | | | | |
| | | | Capital Goods - 7.0% | |
| | 156,184 | | | 3M Co. | | | 24,983,193 | |
| | 217,731 | | | Caterpillar, Inc. | | | 34,194,654 | |
| | 656,094 | | | Colfax Corp.* | | | 17,839,196 | |
| | 370,214 | | | Emerson Electric Co. | | | 23,986,165 | |
| | 187,506 | | | Fortive Corp. | | | 11,550,370 | |
| | 196,424 | | | General Dynamics Corp. | | | 25,796,364 | |
| | 451,394 | | | HD Supply Holdings, Inc.* | | | 17,992,565 | |
| | 806,800 | | | HF Global, Inc.(1)(2)(3) | | | 12,505,400 | |
| | 1,260,965 | | | Ingersoll Rand, Inc.* | | | 44,058,117 | |
| | 813,015 | | | JELD-WEN Holding, Inc.* | | | 17,097,705 | |
| | 415,293 | | | Johnson Controls International plc | | | 17,529,517 | |
| | 568,274 | | | Kennametal, Inc. | | | 17,616,494 | |
| | 35,588 | | | L3Harris Technologies, Inc. | | | 5,733,583 | |
| | 186,453 | | | Lockheed Martin Corp. | | | 65,282,789 | |
| | 116,002 | | | Middleby Corp.* | | | 11,546,839 | |
| | 174,806 | | | Northrop Grumman Corp. | | | 50,662,275 | |
| | 311,016 | | | Raytheon Technologies Corp. | | | 16,894,389 | |
| | 507,848 | | | SPX FLOW, Inc.* | | | 21,507,363 | |
| | 149,305 | | | Westinghouse Air Brake Technologies Corp. | | | 8,853,786 | |
| | | | | | | | |
| | | | | | | 445,630,764 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 1.5% | |
| | 396,652 | | | Clean Harbors, Inc.* | | | 21,010,656 | |
| | 413,986 | | | Copart, Inc.* | | | 45,687,495 | |
| | 36,626 | | | CoStar Group, Inc.* | | | 30,165,540 | |
| | | | | | | | |
| | | | | | | 96,863,691 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.6% | |
| | 213,900 | | | Carter’s, Inc. | | | 17,422,155 | |
| | 193,562 | | | Lennar Corp. Class A | | | 13,593,859 | |
| | 566,570 | | | NIKE, Inc. Class B | | | 68,033,726 | |
| | 303,944 | | | Peloton Interactive, Inc. Class A* | | | 33,497,668 | |
| | 277,468 | | | Polaris, Inc. | | | 25,210,743 | |
| | 830,540 | | | Steven Madden Ltd. | | | 19,941,265 | |
| | 844,293 | | | Under Armour, Inc. Class A* | | | 11,685,015 | |
| | 1,344,942 | | | Under Armour, Inc. Class C* | | | 16,448,641 | |
| | 368,847 | | | VF Corp. | | | 24,786,518 | |
| | | | | | | | |
| | | | | | | 230,619,590 | |
| | | | | | | | |
| | | | Consumer Services - 5.0% | |
| | 310,230 | | | Aramark | | | 8,605,780 | |
| | 231,098 | | | Chegg, Inc.* | | | 16,971,837 | |
| | 1,352,892 | | | DraftKings, Inc. Class A* | | | 47,892,377 | |
| | 573,339 | | | Las Vegas Sands Corp. | | | 27,554,672 | |
| | 769,873 | | | McDonald’s Corp. | | | 163,982,949 | |
| | 244,177 | | | Penn National Gaming, Inc.* | | | 13,180,674 | |
| | 437,866 | | | Wyndham Hotels & Resorts, Inc. | | | 20,365,148 | |
| | 208,256 | | | Yum! Brands, Inc. | | | 19,436,533 | |
| | | | | | | | |
| | | | | | | 317,989,970 | |
| | | | | | | | |
| | | | Diversified Financials - 2.2% | |
| | 931,551 | | | American Express Co. | | | 84,994,713 | |
| | 617,333 | | | Bank of New York Mellon Corp. | | | 21,211,562 | |
| | 251,480 | | | Blackstone Group, Inc. Class A | | | 12,679,622 | |
| | 427,943 | | | Voya Financial, Inc. | | | 20,511,308 | |
| | | | | | | | |
| | | | | | | 139,397,205 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.7% - (continued) | |
| | | | Energy - 0.2% | |
| | 482,698 | | | Diamondback Energy, Inc. | | $ | 12,530,840 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 0.7% | |
| | 904,967 | | | U.S. Foods Holding Corp.* | | | 18,913,811 | |
| | 184,855 | | | Walmart, Inc. | | | 25,648,631 | |
| | | | | | | | |
| | | | | | | 44,562,442 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 7.6% | |
| | 703,498 | | | Altria Group, Inc. | | | 25,382,208 | |
| | 222,464 | | | Brown-Forman Corp. Class B | | | 15,507,965 | |
| | 1,468,786 | | | Coca-Cola Co. | | | 70,589,855 | |
| | 261,105 | | | Constellation Brands, Inc. Class A | | | 43,142,379 | |
| | 1,790,435 | | | Diageo plc | | | 57,863,002 | |
| | 450,538 | | | General Mills, Inc. | | | 26,635,807 | |
| | 192,269 | | | JM Smucker Co. | | | 21,572,582 | |
| | 245,577 | | | Kellogg Co. | | | 15,444,337 | |
| | 252,689 | | | Lamb Weston Holdings, Inc. | | | 16,033,117 | |
| | 758,045 | | | Mondelez International, Inc. Class A | | | 40,267,350 | |
| | 653,922 | | | Monster Beverage Corp.* | | | 50,070,808 | |
| | 482,637 | | | PepsiCo., Inc. | | | 64,330,686 | |
| | 533,507 | | | Philip Morris International, Inc. | | | 37,889,667 | |
| | | | | | | | |
| | | | | | | 484,729,763 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 9.5% | |
| | 79,694 | | | ABIOMED, Inc.* | | | 20,073,325 | |
| | 444,511 | | | Acadia Healthcare Co., Inc.* | | | 15,846,817 | |
| | 90,838 | | | Align Technology, Inc.* | | | 38,704,255 | |
| | 464,082 | | | Baxter International, Inc. | | | 35,998,841 | |
| | 39,335 | | | Becton Dickinson and Co. | | | 9,091,499 | |
| | 262,671 | | | Centene Corp.* | | | 15,523,856 | |
| | 334,148 | | | Cerner Corp. | | | 23,420,433 | |
| | 250,781 | | | Danaher Corp. | | | 57,564,271 | |
| | 71,758 | | | DexCom, Inc.* | | | 22,932,422 | |
| | 330,439 | | | Encompass Health Corp. | | | 20,259,215 | |
| | 264,931 | | | Henry Schein, Inc.* | | | 16,844,313 | |
| | 137,936 | | | Hill-Rom Holdings, Inc. | | | 12,561,831 | |
| | 340,654 | | | Hologic, Inc.* | | | 23,443,808 | |
| | 235,271 | | | Insulet Corp.* | | | 52,288,980 | |
| | 66,362 | | | Intuitive Surgical, Inc.* | | | 44,268,763 | |
| | 648,689 | | | Medtronic plc | | | 65,238,653 | |
| | 66,977 | | | Molina Healthcare, Inc.* | | | 12,489,201 | |
| | 66,176 | | | Teleflex, Inc. | | | 21,059,188 | |
| | 228,032 | | | UnitedHealth Group, Inc. | | | 69,581,684 | |
| | 89,534 | | | Veeva Systems, Inc. Class A* | | | 24,178,657 | |
| | | | | | | | |
| | | | | | | 601,370,012 | |
| | | | | | | | |
| | | | Household & Personal Products - 2.6% | |
| | 94,437 | | | Clorox Co. | | | 19,572,068 | |
| | 939,929 | | | Colgate-Palmolive Co. | | | 74,150,999 | |
| | 302,655 | | | Kimberly-Clark Corp. | | | 40,129,027 | |
| | 208,631 | | | Procter & Gamble Co. | | | 28,603,310 | |
| | | | | | | | |
| | | | | | | 162,455,404 | |
| | | | | | | | |
| | | | Insurance - 3.6% | |
| | 1,027,258 | | | Aflac, Inc. | | | 34,875,409 | |
| | 157,135 | | | Assurant, Inc. | | | 19,542,880 | |
| | 456,889 | | | Chubb Ltd. | | | 59,354,450 | |
| | 1,284,271 | | | CNO Financial Group, Inc. | | | 22,795,810 | |
| | 223,490 | | | Globe Life, Inc. | | | 18,122,804 | |
| | 179,106 | | | Hanover Insurance Group, Inc. | | | 17,133,280 | |
| | 230,529 | | | Kemper Corp. | | | 14,214,418 | |
| | 386,239 | | | Marsh & McLennan Cos., Inc. | | | 39,960,287 | |
| | | | | | | | |
| | | | | | | 225,999,338 | |
| | | | | | | | |
| | | | Materials - 3.1% | |
| | 449,355 | | | Barrick Gold Corp. | | | 12,011,259 | |
| | 228,861 | | | Celanese Corp. | | | 25,978,012 | |
| | 182,197 | | | Ecolab, Inc. | | | 33,449,547 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.7% - (continued) | |
| | | | Materials - 3.1% - (continued) | |
| | 451,283 | | | FMC Corp. | | $ | 46,364,816 | |
| | 365,403 | | | Linde plc | | | 80,512,897 | |
| | | | | | | | |
| | | | | | | 198,316,531 | |
| | | | | | | | |
| | | | Media & Entertainment - 6.0% | |
| | 431,870 | | | Activision Blizzard, Inc. | | | 32,705,515 | |
| | 32,393 | | | Alphabet, Inc. Class A* | | | 52,350,651 | |
| | 323,317 | | | Facebook, Inc. Class A* | | | 85,067,936 | |
| | 250,485 | | | Match Group, Inc.* | | | 29,251,638 | |
| | 417,595 | | | Omnicom Group, Inc. | | | 19,710,484 | |
| | 443,531 | | | Pinterest, Inc. Class A* | | | 26,146,152 | |
| | 134,073 | | | Roku, Inc.* | | | 27,136,375 | |
| | 946,486 | | | Snap, Inc. Class A* | | | 37,282,084 | |
| | 91,598 | | | Spotify Technology S.A.* | | | 21,973,444 | |
| | 409,541 | | | Twitter, Inc.* | | | 16,938,616 | |
| | 256,235 | | | Walt Disney Co. | | | 31,068,494 | |
| | | | | | | | |
| | | | | | | 379,631,389 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 6.7% | |
| | 141,485 | | | Alnylam Pharmaceuticals, Inc.* | | | 17,398,410 | |
| | 256,869 | | | AstraZeneca plc ADR | | | 12,884,549 | |
| | 17,410 | | | Biogen, Inc.* | | | 4,388,539 | |
| | 61,045 | | | Bluebird Bio, Inc.* | | | 3,156,637 | |
| | 527,851 | | | ChemoCentryx, Inc.* | | | 25,336,848 | |
| | 516,739 | | | Elanco Animal Health, Inc.* | | | 16,024,076 | |
| | 319,949 | | | Exact Sciences Corp.* | | | 39,619,285 | |
| | 129,743 | | | Galapagos N.V.* | | | 15,165,291 | |
| | 2,100 | | | Galapagos N.V. ADR*(4) | | | 244,608 | |
| | 236,834 | | | Heron Therapeutics, Inc.* | | | 3,862,763 | |
| | 520,726 | | | Johnson & Johnson | | | 71,396,742 | |
| | 82,374 | | | Kodiak Sciences, Inc.* | | | 7,480,383 | |
| | 23,275 | | | Mettler-Toledo International, Inc.* | | | 23,226,355 | |
| | 1,842,700 | | | Pfizer, Inc. | | | 65,378,996 | |
| | 559,437 | | | PTC Therapeutics, Inc.* | | | 29,197,017 | |
| | 41,235 | | | Reata Pharmaceuticals, Inc. Class A* | | | 4,812,537 | |
| | 31,921 | | | Regeneron Pharmaceuticals, Inc.* | | | 17,350,979 | |
| | 93,799 | | | Seagen, Inc.* | | | 15,645,673 | |
| | 69,313 | | | Thermo Fisher Scientific, Inc. | | | 32,793,367 | |
| | 115,232 | | | Vertex Pharmaceuticals, Inc.* | | | 24,009,739 | |
| | | | | | | | |
| | | | | | | 429,372,794 | |
| | | | | | | | |
| | | | Real Estate - 3.6% | |
| | 139,172 | | | Alexandria Real Estate Equities, Inc. REIT | | | 21,087,341 | |
| | 75,326 | | | American Tower Corp. REIT | | | 17,298,616 | |
| | 426,581 | | | Americold Realty Trust REIT | | | 15,455,030 | |
| | 127,761 | | | Crown Castle International Corp. REIT | | | 19,956,268 | |
| | 27,488 | | | Equinix, Inc. REIT | | | 20,100,325 | |
| | 682,822 | | | Gaming and Leisure Properties, Inc. REIT | | | 24,820,580 | |
| | 456,843 | | | Highwoods Properties, Inc. REIT | | | 13,600,216 | |
| | 166,033 | | | Life Storage, Inc. REIT | | | 18,952,667 | |
| | 127,984 | | | Public Storage REIT | | | 29,317,295 | |
| | 828,139 | | | STORE Capital Corp. REIT | | | 21,283,172 | |
| | 1,274,634 | | | VICI Properties, Inc. REIT | | | 29,252,850 | |
| | 8,145 | | | We Co. Class A(1)(2)(3) | | | 41,377 | |
| | | | | | | | |
| | | | | | | 231,165,737 | |
| | | | | | | | |
| | | | Retailing - 8.9% | |
| | 95,472 | | | Alibaba Group Holding Ltd. ADR* | | | 29,089,364 | |
| | 59,856 | | | Amazon.com, Inc.* | | | 181,731,794 | |
| | 19,384 | | | AutoZone, Inc.* | | | 21,884,148 | |
| | 32,126 | | | Booking Holdings, Inc.* | | | 52,124,435 | |
| | 410,633 | | | Chewy, Inc. Class A*(4) | | | 25,294,993 | |
| | 133,306 | | | Dollar General Corp. | | | 27,822,295 | |
| | 10,615 | | | JAND, Inc. Class A*(1)(2)(3) | | | 234,804 | |
| | 411,696 | | | Lowe’s Cos., Inc. | | | 65,089,138 | |
| | 2,919,644 | | | TJX Cos., Inc. | | | 148,317,915 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.7% - (continued) | |
| | | | Retailing - 8.9% - (continued) | |
| | 316,327 | | | Tory Burch LLC*(1)(2)(3) | | $ | 13,051,639 | |
| | | | | | | | |
| | | | | | | 564,640,525 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 4.1% | |
| | 532,372 | | | Advanced Micro Devices, Inc.* | | | 40,082,288 | |
| | 214,828 | | | First Solar, Inc.* | | | 18,699,703 | |
| | 901,947 | | | Marvell Technology Group Ltd. | | | 33,832,032 | |
| | 611,779 | | | Micron Technology, Inc.* | | | 30,796,955 | |
| | 190,623 | | | MKS Instruments, Inc. | | | 20,661,627 | |
| | 148,550 | | | NVIDIA Corp. | | | 74,477,028 | |
| | 289,355 | | | Texas Instruments, Inc. | | | 41,837,839 | |
| | | | | | | | |
| | | | | | | 260,387,472 | |
| | | | | | | | |
| | | | Software & Services - 10.6% | |
| | 163,722 | | | Accenture plc Class A | | | 35,512,939 | |
| | 254,738 | | | Amdocs Ltd. | | | 14,362,128 | |
| | 86,071 | | | Citrix Systems, Inc. | | | 9,749,262 | |
| | 39,741 | | | Fair Isaac Corp.* | | | 15,556,615 | |
| | 180,360 | | | FleetCor Technologies, Inc.* | | | 39,843,328 | |
| | 753,395 | | | Genpact Ltd. | | | 25,894,186 | |
| | 202,256 | | | Global Payments, Inc. | | | 31,903,861 | |
| | 562,006 | | | GoDaddy, Inc. Class A* | | | 39,756,305 | |
| | 179,549 | | | Guidewire Software, Inc.* | | | 17,256,454 | |
| | 363,524 | | | International Business Machines Corp. | | | 40,591,090 | |
| | 218,217 | | | Leidos Holdings, Inc. | | | 18,112,011 | |
| | 244,945 | | | Microsoft Corp. | | | 49,594,014 | |
| | 2,016,017 | | | Multiplan Corp.*(4) | | | 14,716,924 | |
| | 826,571 | | | Oracle Corp. | | | 46,378,899 | |
| | 61,641 | | | Paycom Software, Inc.* | | | 22,442,872 | |
| | 70,115 | | | RingCentral, Inc. Class A* | | | 18,113,509 | |
| | 197,224 | | | Splunk, Inc.* | | | 39,058,241 | |
| | 289,147 | | | Square, Inc. Class A* | | | 44,783,087 | |
| | 144,981 | | | Visa, Inc. Class A | | | 26,344,498 | |
| | 178,113 | | | WEX, Inc.* | | | 22,540,200 | |
| | 469,325 | | | Workday, Inc. Class A* | | | 98,614,569 | |
| | | | | | | | |
| | | | | | | 671,124,992 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 4.1% | |
| | 1,260,615 | | | Apple, Inc. | | | 137,230,549 | |
| | 207,503 | | | CDW Corp. | | | 25,439,868 | |
| | 1,209,882 | | | Cisco Systems, Inc. | | | 43,434,764 | |
| | 1,943,744 | | | Flex Ltd.* | | | 27,503,978 | |
| | 289,628 | | | Lumentum Holdings, Inc.* | | | 23,949,339 | |
| | 75,002 | | | Vontier Corp.* | | | 2,155,557 | |
| | | | | | | | |
| | | | | | | 259,714,055 | |
| | | | | | | | |
| | | | Telecommunication Services - 0.8% | |
| | 451,140 | | | T-Mobile U.S., Inc.* | | | 49,431,410 | |
| | | | | | | | |
| | | | Transportation - 3.7% | | | |
| | 337,312 | | | Canadian National Railway Co. | | | 33,508,401 | |
| | 195,251 | | | FedEx Corp. | | | 50,661,777 | |
| | 206,352 | | | J.B. Hunt Transport Services, Inc. | | | 25,121,293 | |
| | 63,277 | | | Southwest Airlines Co. | | | 2,501,340 | |
| | 1,094,942 | | | Uber Technologies, Inc.* | | | 36,582,012 | |
| | 254,583 | | | Union Pacific Corp. | | | 45,109,562 | |
| | 254,585 | | | United Parcel Service, Inc. Class B | | | 39,997,849 | |
| | | | | | | | |
| | | | | | | 233,482,234 | |
| | | | | | | | |
| | | | Utilities - 0.4% | |
| | 211,718 | | | Sempra Energy | | | 26,540,968 | |
| | | | | | | | |
| | | | Total Common Stocks
(cost $5,189,569,720) | | $ | 6,207,513,064 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Convertible Preferred Stocks - 0.7% | |
| | | | Commercial & Professional Services - 0.0% | |
| | 33,739 | | | Rubicon Global Holdings LLC Series C*(1)(2)(3) | | $ | 540,836 | |
| | | | | | | | |
| | | | Consumer Services - 0.0% | |
| | 20,148 | | | Airbnb, Inc. Series E*(1)(2)(3) | | | 840,675 | |
| | | | | | | | |
| | | | Diversified Financials - 0.1% | |
| | 348,919 | | | Social Finance, Inc. Series F*(1)(2)(3) | | | 5,432,669 | |
| | | | | | | | |
| | | | Real Estate - 0.2% | |
| | 674,436 | | | We Co. Series D1*(1)(2)(3) | | | 5,280,834 | |
| | 599,094 | | | We Co. Series D2*(1)(2)(3) | | | 4,690,906 | |
| | | | | | | | |
| | | | | | | 9,971,740 | |
| | | | | | | | |
| | | | Retailing - 0.2% | |
| | 269,407 | | | Coupang LLC *(1)(2)(3) | | | 2,311,512 | |
| | 28,025 | | | Honest Co., Inc. Series C*(1)(2)(3) | | | 988,161 | |
| | 278,194 | | | Honest Co., Inc. Series D *(1)(2)(3) | | | 11,461,593 | |
| | 23,702 | | | JAND, Inc. Series D*(1)(2)(3) | | | 531,399 | |
| | | | | | | | |
| | | | | | | 15,292,665 | |
| | | | | | | | |
| | | | Software & Services - 0.2% | |
| | 566,622 | | | Essence Group Holdings Corp. Series 3*(1)(2)(3) | | | 1,314,563 | |
| | 77,707 | | | Lookout, Inc. Series F*(1)(2)(3) | | | 674,497 | |
| | 47,064 | | | Sharecare, Inc. Series B2*(1)(2)(3) | | | 10,858,135 | |
| | | | | | | | |
| | | | | | | 12,847,195 | |
| | | | | | | | |
| | |
| | | | Total Convertible Preferred Stocks
(cost $56,463,187) | | $ | 44,925,780 | |
| | | | | | | | |
| Escrows - 0.0%(5) | |
| | | | Consumer Durables & Apparel - 0.0% | |
| | 83,332 | | | One Kings Lane, Inc.*(1)(2)(3) | | $ | 13,333 | |
| | | | | | | | |
| | | | Software & Services - 0.0% | |
| | 58,205 | | | Veracode, Inc.*(1)(2)(3) | | | 39,056 | |
| | | | | | | | |
| | |
| | | | Total Escrows
(cost $—) | | $ | 52,389 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $5,246,032,907) | | $ | 6,252,491,233 | |
| | | | | | | | |
| Short-Term Investments - 1.4% | |
| | | | Repurchase Agreements - 1.2% | |
| | 77,872,403 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $77,872,792; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $79,429,944 | | $ | 77,872,403 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.2% | |
| | 13,291,701 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6) | | | 13,291,701 | |
| | 13,415 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6) | | | 13,415 | |
| | | | | | | | |
| | | | | | | 13,305,116 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $91,177,519) | | $ | 91,177,519 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | Total Investments
(cost $5,337,210,426) | | | 99.8 | % | | $ | 6,343,668,752 | |
| | Other Assets and Liabilities | | | 0.2 | % | | | 13,288,365 | |
| | | | | | | | | | | | |
| | Total Net Assets | | | 100.0 | % | | $ | 6,356,957,117 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Investment valued using significant unobservable inputs. |
| (2) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $70,811,389, which represented 1.1% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (3) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $70,811,389 or 1.1% of net assets. |
| | | | | | | | | | | | | | |
Period
Acquired | | Security Name | | Shares/
Par Value | | | Total Cost | | | Market Value | |
| 06/2015 | | Airbnb, Inc. Series E Convertible Preferred | | | 20,148 | | | $ | 937,833 | | | $ | 840,675 | |
| 11/2014 | | Coupang LLC Convertible Preferred | | | 269,407 | | | | 838,697 | | | | 2,311,512 | |
| 05/2014 | | Essence Group Holdings Corp. Series 3 Convertible Preferred | | | 566,622 | | | | 895,999 | | | | 1,314,563 | |
| 06/2015 | | HF Global, Inc. | | | 806,800 | | | | 10,846,942 | | | | 12,505,400 | |
| 08/2014 | | Honest Co., Inc. Series C Convertible Preferred | | | 28,025 | | | | 758,281 | | | | 988,161 | |
| 08/2015 | | Honest Co., Inc. Series D Convertible Preferred | | | 278,194 | | | | 12,728,766 | | | | 11,461,593 | |
| 04/2015 | | JAND, Inc. Class A | | | 10,615 | | | | 121,916 | | | | 234,804 | |
| 04/2015 | | JAND, Inc. Series D Convertible Preferred | | | 23,702 | | | | 272,225 | | | | 531,399 | |
| 07/2014 | | Lookout, Inc. Series F Convertible Preferred | | | 77,707 | | | | 887,655 | | | | 674,497 | |
| 01/2014 | | One Kings Lane, Inc. | | | 83,332 | | | | — | | | | 13,333 | |
| 09/2015 | | Rubicon Global Holdings LLC Series C Convertible Preferred | | | 33,739 | | | | 673,447 | | | | 540,836 | |
| 03/2015 | | Sharecare, Inc. Series B2 Convertible Preferred | | | 47,064 | | | | 11,759,882 | | | | 10,858,135 | |
| 09/2015 | | Social Finance, Inc. Series F Convertible Preferred | | | 348,919 | | | | 5,504,651 | | | | 5,432,669 | |
| 11/2013 | | Tory Burch LLC | | | 316,327 | | | | 24,792,580 | | | | 13,051,639 | |
| 04/2017 | | Veracode, Inc. | | | 58,205 | | | | — | | | | 39,056 | |
| 12/2014 | | We Co. Class A | | | 8,145 | | | | 135,624 | | | | 41,377 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | | | |
Period
Acquired | | Security Name | | Shares/
Par Value | | | Total Cost | | | Market Value | |
| 12/2014 | | We Co. Series D1 Convertible Preferred | | | 674,436 | | | $ | 11,230,142 | | | $ | 5,280,834 | |
| 12/2014 | | We Co. Series D2 Convertible Preferred | | | 599,094 | | | | 9,975,610 | | | $ | 4,690,906 | |
| | | | | | | | | | | | | | |
| | | | | | | | $92,360,250 | | | $70,811,389 | |
| | | | | | | | | | | | | | |
| (4) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (5) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| (6) | Current yield as of period end. |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2020 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
Long position contracts: | | | | | | | | | | | | | | | | |
S&P 500 (E-Mini) Future | | | 390 | | | | 12/18/2020 | | | $ | 63,661,650 | | | $ | (2,106,396 | ) |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | | | | | | | | | | | | $ | (2,106,396 | ) |
| | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 15,727,482 | | | $ | 15,727,482 | | | $ | — | | | $ | — | |
Banks | | | 125,828,456 | | | | 125,828,456 | | | | — | | | | — | |
Capital Goods | | | 445,630,764 | | | | 433,125,364 | | | | — | | | | 12,505,400 | |
Commercial & Professional Services | | | 96,863,691 | | | | 96,863,691 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 230,619,590 | | | | 230,619,590 | | | | — | | | | — | |
Consumer Services | | | 317,989,970 | | | | 317,989,970 | | | | — | | | | — | |
Diversified Financials | | | 139,397,205 | | | | 139,397,205 | | | | — | | | | — | |
Energy | | | 12,530,840 | | | | 12,530,840 | | | | — | | | | — | |
Food & Staples Retailing | | | 44,562,442 | | | | 44,562,442 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 484,729,763 | | | | 426,866,761 | | | | 57,863,002 | | | | — | |
Health Care Equipment & Services | | | 601,370,012 | | | | 601,370,012 | | | | — | | | | — | |
Household & Personal Products | | | 162,455,404 | | | | 162,455,404 | | | | — | | | | — | |
Insurance | | | 225,999,338 | | | | 225,999,338 | | | | — | | | | — | |
Materials | | | 198,316,531 | | | | 198,316,531 | | | | — | | | | — | |
Media & Entertainment | | | 379,631,389 | | | | 379,631,389 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 429,372,794 | | | | 414,207,503 | | | | 15,165,291 | | | | — | |
Real Estate | | | 231,165,737 | | | | 231,124,360 | | | | — | | | | 41,377 | |
Retailing | | | 564,640,525 | | | | 551,354,082 | | | | — | | | | 13,286,443 | |
Semiconductors & Semiconductor Equipment | | | 260,387,472 | | | | 260,387,472 | | | | — | | | | — | |
Software & Services | | | 671,124,992 | | | | 671,124,992 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 259,714,055 | | | | 259,714,055 | | | | — | | | | — | |
Telecommunication Services | | | 49,431,410 | | | | 49,431,410 | | | | — | | | | — | |
Transportation | | | 233,482,234 | | | | 233,482,234 | | | | — | | | | — | |
Utilities | | | 26,540,968 | | | | 26,540,968 | | | | — | | | | — | |
Convertible Preferred Stocks | | | 44,925,780 | | | | — | | | | — | | | | 44,925,780 | |
Escrows | | | 52,389 | | | | — | | | | — | | | | 52,389 | |
Short-Term Investments | | | 91,177,519 | | | | 13,305,116 | | | | 77,872,403 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 6,343,668,752 | | | $ | 6,121,956,667 | | | $ | 150,900,696 | | | $ | 70,811,389 | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Futures Contracts(2) | | $ | (2,106,396 | ) | | $ | (2,106,396 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (2,106,396 | ) | | $ | (2,106,396 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, investments valued at $17,924,974 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Capital Appreciation Fund |
Schedule of Investments – (continued)
October 31, 2020
The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | |
| | | Common
Stocks | | | Convertible
Preferred
Stocks | | | Escrows | | | Total | |
Beginning balance | | $ | 66,160,890 | | | $ | 53,985,898 | | | $ | 56,188 | | | $ | 120,202,976 | |
Sales | | | (16,418,315 | ) | | | (1,805,662 | ) | | | (18,051 | ) | | | (18,242,028 | ) |
Total realized gain/(loss) | | | (35,113 | ) | | | 143,885 | | | | 18,051 | | | | 126,823 | |
Net change in unrealized appreciation/(depreciation) | | | (5,949,268 | ) | | | (7,398,341 | ) | | | (3,799 | ) | | | (13,351,408 | ) |
Transfers out of Level 3 | | | (17,924,974 | ) | | | — | | | | — | | | | (17,924,974 | ) |
| | | | | | | | | | | | | | | | |
Ending balance | | $ | 25,833,220 | | | $ | 44,925,780 | | | $ | 52,389 | | | $ | 70,811,389 | |
| | | | | | | | | | | | | | | | |
The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at October 31, 2020 was $(13,240,836).
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.0% | |
| | | | Banks - 4.9% | |
| | 6,116,367 | | | Bank of America Corp. | | $ | 144,957,898 | |
| | 1,764,993 | | | JP Morgan Chase & Co. | | | 173,039,913 | |
| | 903,569 | | | PNC Financial Services Group, Inc. | | | 101,091,300 | |
| | | | | | | | |
| | | | | | | 419,089,111 | |
| | | | | | | | |
| | | | Capital Goods - 5.4% | |
| | 951,722 | | | AMETEK, Inc. | | | 93,459,100 | |
| | 1,360,549 | | | Fortune Brands Home & Security, Inc. | | | 110,027,598 | |
| | 421,353 | | | IDEX Corp. | | | 71,794,338 | |
| | 594,759 | | | Illinois Tool Works, Inc. | | | 116,501,393 | |
| | 1,355,794 | | | Raytheon Technologies Corp. | | | 73,646,730 | |
| | | | | | | | |
| | | | | | | 465,429,159 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 1.8% | |
| | 480,348 | | | Equifax, Inc. | | | 65,615,537 | |
| | 1,009,666 | | | Republic Services, Inc. | | | 89,022,251 | |
| | | | | | | | |
| | | | | | | 154,637,788 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 2.4% | |
| | 897,307 | | | NIKE, Inc. Class B | | | 107,748,625 | |
| | 1,506,992 | | | VF Corp. | | | 101,269,862 | |
| | | | | | | | |
| | | | | | | 209,018,487 | |
| | | | | | | | |
| | | | Consumer Services - 1.6% | |
| | 638,422 | | | McDonald’s Corp. | | | 135,983,886 | |
| | | | | | | | |
| | | | Diversified Financials - 3.2% | |
| | 893,815 | | | American Express Co. | | | 81,551,680 | |
| | 151,518 | | | BlackRock, Inc. | | | 90,791,101 | |
| | 2,174,873 | | | Morgan Stanley | | | 104,720,135 | |
| | | | | | | | |
| | | | | | | 277,062,916 | |
| | | | | | | | |
| | | | Energy - 0.7% | |
| | 1,736,617 | | | EOG Resources, Inc. | | | 59,461,766 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 3.0% | |
| | 305,474 | | | Costco Wholesale Corp. | | | 109,243,612 | |
| | 1,043,778 | | | Walmart, Inc. | | | 144,824,197 | |
| | | | | | | | |
| | | | | | | 254,067,809 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 2.9% | |
| | 694,296 | | | Constellation Brands, Inc. Class A | | | 114,718,528 | |
| | 679,884 | | | Kellogg Co. | | | 42,757,905 | |
| | 1,191,831 | | | Monster Beverage Corp.* | | | 91,258,500 | |
| | | | | | | | |
| | | | | | | 248,734,933 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 8.9% | |
| | 771,933 | | | Abbott Laboratories | | | 81,137,878 | |
| | 1,351,514 | | | Baxter International, Inc. | | | 104,836,941 | |
| | 376,211 | | | Becton Dickinson and Co. | | | 86,953,648 | |
| | 558,498 | | | Danaher Corp. | | | 128,197,631 | |
| | 1,586,112 | | | Hologic, Inc.* | | | 109,156,228 | |
| | 371,067 | | | Laboratory Corp. of America Holdings* | | | 74,128,054 | |
| | 585,212 | | | UnitedHealth Group, Inc. | | | 178,571,590 | |
| | | | | | | | |
| | | | | | | 762,981,970 | |
| | | | | | | | |
| | | | Household & Personal Products - 3.9% | |
| | 1,475,430 | | | Colgate-Palmolive Co. | | | 116,396,673 | |
| | 1,593,319 | | | Procter & Gamble Co. | | | 218,444,035 | |
| | | | | | | | |
| | | | | | | 334,840,708 | |
| | | | | | | | |
| | | | Insurance - 1.5% | |
| | 1,718,858 | | | Athene Holding Ltd. Class A* | | | 55,140,965 | |
| | 596,075 | | | Chubb Ltd. | | | 77,436,103 | |
| | | | | | | | |
| | | | | | | 132,577,068 | |
| | | | | | | | |
| | | | Materials - 2.0% | |
| | 745,156 | | | PPG Industries, Inc. | | | 96,661,636 | |
| | 494,671 | | | Vulcan Materials Co. | | | 71,648,148 | |
| | | | | | | | |
| | | | | | | 168,309,784 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Common Stocks - 97.0% - (continued) | |
| | | | Media & Entertainment - 8.8% | |
| | 235,809 | | | Alphabet, Inc. Class A* | | $ | 381,093,283 | |
| | 882,057 | | | Facebook, Inc. Class A* | | | 232,078,017 | |
| | 1,213,867 | | | Walt Disney Co. | | | 147,181,374 | |
| | | | | | | | |
| | | | | | | 760,352,674 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 5.4% | |
| | 1,068,092 | | | Eli Lilly & Co. | | | 139,343,282 | |
| | 1,390,283 | | | Merck & Co., Inc. | | | 104,563,184 | |
| | 96,921 | | | Regeneron Pharmaceuticals, Inc.* | | | 52,682,379 | |
| | 353,357 | | | Thermo Fisher Scientific, Inc. | | | 167,180,264 | |
| | | | | | | | |
| | | | | | | 463,769,109 | |
| | | | | | | | |
| | | | Real Estate - 1.8% | |
| | 431,634 | | | American Tower Corp. REIT | | | 99,124,748 | |
| | 719,512 | | | Boston Properties, Inc. REIT | | | 52,099,864 | |
| | | | | | | | |
| | | | | | | 151,224,612 | |
| | | | | | | | |
| | | | Retailing - 6.1% | |
| | 130,900 | | | Amazon.com, Inc.* | | | 397,432,035 | |
| | 2,468,866 | | | TJX Cos., Inc. | | | 125,418,393 | |
| | | | | | | | |
| | | | | | | 522,850,428 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 5.4% | |
| | 858,551 | | | Advanced Micro Devices, Inc.* | | | 64,640,305 | |
| | 284,871 | | | KLA Corp. | | | 56,170,864 | |
| | 1,010,388 | | | Micron Technology, Inc.* | | | 50,862,932 | |
| | 747,865 | | | QUALCOMM, Inc. | | | 92,256,626 | |
| | 750,327 | | | Teradyne, Inc. | | | 65,916,227 | |
| | 943,735 | | | Texas Instruments, Inc. | | | 136,454,644 | |
| | | | | | | | |
| | | | | | | 466,301,598 | |
| | | | | | | | |
| | | | Software & Services - 12.7% | |
| | 725,613 | | | Fidelity National Information Services, Inc. | | | 90,404,124 | |
| | 538,069 | | | Global Payments, Inc. | | | 84,875,004 | |
| | 898,230 | | | GoDaddy, Inc. Class A* | | | 63,540,790 | |
| | 1,063,337 | | | Leidos Holdings, Inc. | | | 88,256,971 | |
| | 486,210 | | | Mastercard, Inc. Class A | | | 140,339,655 | |
| | 1,660,443 | | | Microsoft Corp. | | | 336,189,894 | |
| | 666,466 | | | salesforce.com, Inc.* | | | 154,800,058 | |
| | 914,379 | | | SS&C Technologies Holdings, Inc. | | | 54,149,524 | |
| | 373,465 | | | Workday, Inc. Class A* | | | 78,472,466 | |
| | | | | | | | |
| | | | | | | 1,091,028,486 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 8.3% | |
| | 4,060,120 | | | Apple, Inc. | | | 441,984,663 | |
| | 540,209 | | | CDW Corp. | | | 66,229,623 | |
| | 3,225,178 | | | Corning, Inc. | | | 103,108,941 | |
| | 668,184 | | | Motorola Solutions, Inc. | | | 105,613,163 | |
| | | | | | | | |
| | | | | | | 716,936,390 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.5% | |
| | 2,227,704 | | | Verizon Communications, Inc. | | | 126,956,851 | |
| | | | | | | | |
| | | | Transportation - 1.6% | |
| | 526,915 | | | FedEx Corp. | | | 136,718,635 | |
| | | | | | | | |
| | | | Utilities - 3.2% | |
| | 1,435,921 | | | American Electric Power Co., Inc. | | | 129,132,375 | |
| | 1,990,432 | | | NextEra Energy, Inc. | | | 145,719,527 | |
| | | | | | | | |
| | | | | | | 274,851,902 | |
| | | | | | | | |
| | | | Total Common Stocks
(cost $6,382,611,636) | | $ | 8,333,186,070 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| Short-Term Investments - 1.8% | |
| | | | Repurchase Agreements - 1.8% | |
| | 153,723,081 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $153,723,850; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $156,797,580 | | $ | 153,723,081 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $153,723,081) | | $ | 153,723,081 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | Total Investments
(cost $6,536,334,717) | | | 98.8 | % | | $ | 8,486,909,151 | |
| | | | Other Assets and Liabilities | | | 1.2 | % | | | 105,843,280 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 8,592,752,431 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| | | | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2020 | |
Description | | Number of
Contracts | | | Expiration Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Long position contracts: | |
S&P 500 (E-Mini) Future | | | 810 | | | | 12/18/2020 | | | $ | 132,220,350 | | | $ | (2,034,977 | ) |
| | | | | | | | | | | | | | | | | | |
Total futures contracts | | | $ | (2,034,977 | ) |
| | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 419,089,111 | | | $ | 419,089,111 | | | $ | — | | | $ | — | |
Capital Goods | | | 465,429,159 | | | | 465,429,159 | | | | — | | | | — | |
Commercial & Professional Services | | | 154,637,788 | | | | 154,637,788 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 209,018,487 | | | | 209,018,487 | | | | — | | | | — | |
Consumer Services | | | 135,983,886 | | | | 135,983,886 | | | | — | | | | — | |
Diversified Financials | | | 277,062,916 | | | | 277,062,916 | | | | — | | | | — | |
Energy | | | 59,461,766 | | | | 59,461,766 | | | | — | | | | — | |
Food & Staples Retailing | | | 254,067,809 | | | | 254,067,809 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 248,734,933 | | | | 248,734,933 | | | | — | | | | — | |
Health Care Equipment & Services | | | 762,981,970 | | | | 762,981,970 | | | | — | | | | — | |
Household & Personal Products | | | 334,840,708 | | | | 334,840,708 | | | | — | | | | — | |
Insurance | | | 132,577,068 | | | | 132,577,068 | | | | — | | | | — | |
Materials | | | 168,309,784 | | | | 168,309,784 | | | | — | | | | — | |
Media & Entertainment | | | 760,352,674 | | | | 760,352,674 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 463,769,109 | | | | 463,769,109 | | | | — | | | | — | |
Real Estate | | | 151,224,612 | | | | 151,224,612 | | | | — | | | | — | |
Retailing | | | 522,850,428 | | | | 522,850,428 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 466,301,598 | | | | 466,301,598 | | | | — | | | | — | |
Software & Services | | | 1,091,028,486 | | | | 1,091,028,486 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 716,936,390 | | | | 716,936,390 | | | | — | | | | — | |
Telecommunication Services | | | 126,956,851 | | | | 126,956,851 | | | | — | | | | — | |
Transportation | | | 136,718,635 | | | | 136,718,635 | | | | — | | | | — | |
Utilities | | | 274,851,902 | | | | 274,851,902 | | | | — | | | | — | |
Short-Term Investments | | | 153,723,081 | | | | — | | | | 153,723,081 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 8,486,909,151 | | | $ | 8,333,186,070 | | | $ | 153,723,081 | | | $ | — | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Core Equity Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Liabilities | |
Futures Contracts(2) | | $ | (2,034,977 | ) | | $ | (2,034,977 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (2,034,977 | ) | | $ | (2,034,977 | ) | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Dividend and Growth Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | Market Value† | |
| Common Stocks - 96.9% | |
| | | | Banks - 8.7% | |
| | 11,752,805 | | | Bank of America Corp. | | | | | | $ | 278,541,478 | |
| | 1,186,995 | | | Bank of Nova Scotia | | | | | | | 49,331,512 | |
| | 595,137 | | | Citigroup, Inc. | | | | | | | 24,650,575 | |
| | 3,204,040 | | | JP Morgan Chase & Co. | | | | | | | 314,124,082 | |
| | 1,199,199 | | | PNC Financial Services Group, Inc. | | | | | | | 134,166,384 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 800,814,031 | |
| | | | | | | | | | | | |
| | | | Capital Goods - 8.3% | |
| | 590,635 | | | Deere & Co. | | | | | | | 133,430,353 | |
| | 660,476 | | | Eaton Corp. plc | | | | | | | 68,550,804 | |
| | 534,847 | | | General Dynamics Corp. | | | | | | | 70,241,456 | |
| | 2,148,991 | | | Ingersoll Rand, Inc.* | | | | | | | 75,085,745 | |
| | 3,800,438 | | | Johnson Controls International plc | | | | | | | 160,416,488 | |
| | 250,697 | | | Lockheed Martin Corp. | | | | | | | 87,776,541 | |
| | 902,067 | | | Otis Worldwide Corp. | | | | | | | 55,278,666 | |
| | 2,085,633 | | | Raytheon Technologies Corp. | | | | | | | 113,291,585 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 764,071,638 | |
| | | | | | | | | | | | |
| | | | Consumer Services - 2.1% | |
| | 1,045,090 | | | Hilton Worldwide Holdings, Inc. | | | | | | | 91,769,353 | |
| | 473,545 | | | McDonald’s Corp. | | | | | | | 100,865,085 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 192,634,438 | |
| | | | | | | | | | | | |
| | | | Diversified Financials - 4.5% | |
| | 1,449,725 | | | American Express Co. | | | | | | | 132,272,909 | |
| | 207,109 | | | BlackRock, Inc. | | | | | | | 124,101,784 | |
| | 1,915,594 | | | Charles Schwab Corp. | | | | | | | 78,750,069 | |
| | 1,014,580 | | | Northern Trust Corp. | | | | | | | 79,411,177 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 414,535,939 | |
| | | | | | | | | | | | |
| | | | Energy - 3.7% | |
| | 1,827,063 | | | Chevron Corp. | | | | | | | 126,980,879 | |
| | 2,874,349 | | | ConocoPhillips | | | | | | | 82,263,868 | |
| | 1,033,932 | | | Hess Corp. | | | | | | | 38,482,949 | |
| | 1,766,120 | | | Marathon Petroleum Corp. | | | | | | | 52,100,540 | |
| | 1,424,746 | | | Total SE ADR | | | | | | | 43,212,546 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 343,040,782 | |
| | | | | | | | | | | | |
| | | | Food & Staples Retailing - 2.7% | |
| | 1,675,196 | | | Sysco Corp. | | | | | | | 92,655,091 | |
| | 1,089,445 | | | Walmart, Inc. | | | | | | | 151,160,493 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 243,815,584 | |
| | | | | | | | | | | | |
| | | | Food, Beverage & Tobacco - 3.3% | |
| | 3,008,645 | | | Coca-Cola Co. | | | | | | | 144,595,479 | |
| | 1,254,631 | | | Kellogg Co. | | | | | | | 78,903,743 | |
| | 580,140 | | | PepsiCo., Inc. | | | | | | | 77,326,861 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 300,826,083 | |
| | | | | | | | | | | | |
| | | | Health Care Equipment & Services - 7.6% | |
| | 373,662 | | | Abbott Laboratories | | | | | | | 39,275,613 | |
| | 166,007 | | | Anthem, Inc. | | | | | | | 45,286,710 | |
| | 438,196 | | | Becton Dickinson and Co. | | | | | | | 101,280,241 | |
| | 997,824 | | | CVS Health Corp. | | | | | | | 55,967,948 | |
| | 873,581 | | | HCA Healthcare, Inc. | | | | | | | 108,271,629 | |
| | 1,334,865 | | | Medtronic plc | | | | | | | 134,247,373 | |
| | 688,399 | | | UnitedHealth Group, Inc. | | | | | | | 210,058,071 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 694,387,585 | |
| | | | | | | | | | | | |
| | | | Insurance - 4.0% | |
| | 2,529,190 | | | American International Group, Inc. | | | | | | | 79,644,193 | |
| | 673,923 | | | Chubb Ltd. | | | | | | | 87,549,337 | |
| | 1,998,288 | | | Principal Financial Group, Inc. | | | | | | | 78,372,856 | |
| | 1,851,508 | | | Prudential Financial, Inc. | | | | | | | 118,533,542 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 364,099,928 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | | Market Value† | |
| Common Stocks - 96.9% - (continued) | |
| | | | Materials - 4.0% | |
| | 1,563,417 | | | Celanese Corp. | | | | | | $ | 177,463,464 | |
| | 775,700 | | | FMC Corp. | | | | | | | 79,695,418 | |
| | 874,575 | | | PPG Industries, Inc. | | | | | | | 113,449,869 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 370,608,751 | |
| | | | | | | | | | | | |
| | | | Media & Entertainment - 5.8% | |
| | 195,273 | | | Alphabet, Inc. Class A* | | | | | | | 315,582,648 | |
| | 5,182,990 | | | Comcast Corp. Class A | | | | | | | 218,929,498 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 534,512,146 | |
| | | | | | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 7.9% | |
| | 851,127 | | | Agilent Technologies, Inc. | | | | | | | 86,891,555 | |
| | 2,455,131 | | | AstraZeneca plc ADR | | | | | | | 123,149,371 | |
| | 1,003,693 | | | Bristol-Myers Squibb Co. | | | | | | | 58,665,856 | |
| | 1,685,858 | | | Merck & Co., Inc. | | | | | | | 126,793,380 | |
| | 1,209,020 | | | Novartis AG ADR | | | | | | | 94,400,282 | |
| | 6,687,469 | | | Pfizer, Inc. | | | | | | | 237,271,400 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 727,171,844 | |
| | | | | | | | | | | | |
| | | | Real Estate - 2.5% | |
| | 365,955 | | | American Tower Corp. REIT | | | | | | | 84,041,566 | |
| | 4,982,189 | | | Host Hotels & Resorts, Inc. REIT | | | | | | | 52,213,341 | |
| | 396,265 | | | Public Storage REIT | | | | | | | 90,772,423 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 227,027,330 | |
| | | | | | | | | | | | |
| | | | Retailing - 4.6% | |
| | 524,188 | | | Home Depot, Inc. | | | | | | | 139,806,182 | |
| | 1,086,801 | | | Lowe’s Cos., Inc. | | | | | | | 171,823,238 | |
| | 2,265,704 | | | TJX Cos., Inc. | | | | | | | 115,097,763 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 426,727,183 | |
| | | | | | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 5.0% | |
| | 483,680 | | | Broadcom, Inc. | | | | | | | 169,109,039 | |
| | 1,686,975 | | | Intel Corp. | | | | | | | 74,699,253 | |
| | 185,617 | | | KLA Corp. | | | | | | | 36,599,960 | |
| | 1,463,253 | | | Micron Technology, Inc.* | | | | | | | 73,660,156 | |
| | 728,775 | | | Texas Instruments, Inc. | | | | | | | 105,373,577 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 459,441,985 | |
| | | | | | | | | | | | |
| | | | Software & Services - 6.4% | |
| | 423,539 | | | Accenture plc Class A | | | | | | | 91,869,844 | |
| | 347,325 | | | International Business Machines Corp. | | | | | | | 38,782,310 | |
| | 2,268,435 | | | Microsoft Corp. | | | | | | | 459,290,034 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 589,942,188 | |
| | | | | | | | | | | | |
| | | | Technology Hardware & Equipment - 7.3% | |
| | 2,406,432 | | | Apple, Inc. | | | | | | | 261,964,187 | |
| | 3,787,520 | | | Cisco Systems, Inc. | | | | | | | 135,971,968 | |
| | 3,671,579 | | | Corning, Inc. | | | | | | | 117,380,381 | |
| | 5,411,109 | | | HP, Inc. | | | | | | | 97,183,518 | |
| | 338,176 | | | Motorola Solutions, Inc. | | | | | | | 53,452,098 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 665,952,152 | |
| | | | | | | | | | | | |
| | | | Telecommunication Services - 3.4% | |
| | 5,478,598 | | | Verizon Communications, Inc. | | | | | | | 312,225,300 | |
| | | | | | | | | | | | |
| | | | Transportation - 1.1% | |
| | 570,427 | | | Union Pacific Corp. | | | | | | | 101,073,960 | |
| | | | | | | | | | | | |
| | | | Utilities - 4.0% | |
| | 1,709,798 | | | Dominion Energy, Inc. | | | | | | | 137,365,171 | |
| | 2,700,956 | | | Exelon Corp. | | | | | | | 107,741,135 | |
| | 982,980 | | | Sempra Energy | | | | | | | 123,226,373 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 368,332,679 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Common Stocks
(cost $6,787,600,925) | | | | | | $ | 8,901,241,526 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Dividend and Growth Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | Market Value† | |
| Short-Term Investments - 1.9% | |
| | | | Repurchase Agreements - 1.9% | |
| | 180,291,484 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $180,292,385; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $183,897,340 | | | $ | 180,291,484 | |
| | | | | | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $180,291,484) | | | $ | 180,291,484 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $6,967,892,409) | | | 98.8 | % | | $ | 9,081,533,010 | |
| | | | Other Assets and Liabilities | | | 1.2 | % | | | 107,357,246 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 9,188,890,256 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 800,814,031 | | | $ | 800,814,031 | | | $ | — | | | $ | — | |
Capital Goods | | | 764,071,638 | | | | 764,071,638 | | | | — | | | | — | |
Consumer Services | | | 192,634,438 | | | | 192,634,438 | | | | — | | | | — | |
Diversified Financials | | | 414,535,939 | | | | 414,535,939 | | | | — | | | | — | |
Energy | | | 343,040,782 | | | | 343,040,782 | | | | — | | | | — | |
Food & Staples Retailing | | | 243,815,584 | | | | 243,815,584 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 300,826,083 | | | | 300,826,083 | | | | — | | | | — | |
Health Care Equipment & Services | | | 694,387,585 | | | | 694,387,585 | | | | — | | | | — | |
Insurance | | | 364,099,928 | | | | 364,099,928 | | | | — | | | | — | |
Materials | | | 370,608,751 | | | | 370,608,751 | | | | — | | | | — | |
Media & Entertainment | | | 534,512,146 | | | | 534,512,146 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 727,171,844 | | | | 727,171,844 | | | | — | | | | — | |
Real Estate | | | 227,027,330 | | | | 227,027,330 | | | | — | | | | — | |
Retailing | | | 426,727,183 | | | | 426,727,183 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 459,441,985 | | | | 459,441,985 | | | | — | | | | — | |
Software & Services | | | 589,942,188 | | | | 589,942,188 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 665,952,152 | | | | 665,952,152 | | | | — | | | | — | |
Telecommunication Services | | | 312,225,300 | | | | 312,225,300 | | | | — | | | | — | |
Transportation | | | 101,073,960 | | | | 101,073,960 | | | | — | | | | — | |
Utilities | | | 368,332,679 | | | | 368,332,679 | | | | — | | | | — | |
Short-Term Investments | | | 180,291,484 | | | | — | | | | 180,291,484 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 9,081,533,010 | | | $ | 8,901,241,526 | | | $ | 180,291,484 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Equity Income Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 98.4% | |
| | | | Banks - 7.4% | |
| | 4,459,222 | | | Bank of America Corp. | | | | | | $ | 105,683,561 | |
| | 838,969 | | | JP Morgan Chase & Co. | | | | | | | 82,252,521 | |
| | 342,202 | | | PNC Financial Services Group, Inc. | | | | | | | 38,285,560 | |
| | 1,129,431 | | | Truist Financial Corp. | | | | | | | 47,571,634 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 273,793,276 | |
| | | | | | | | | | | | |
| | | | Capital Goods - 13.1% | |
| | 341,505 | | | Caterpillar, Inc. | | | | | | | 53,633,360 | |
| | 373,777 | | | Deere & Co. | | | | | | | 84,439,962 | |
| | 760,652 | | | Eaton Corp. plc | | | | | | | 78,948,071 | |
| | 353,250 | | | General Dynamics Corp. | | | | | | | 46,392,323 | |
| | 366,196 | | | Honeywell International, Inc. | | | | | | | 60,404,030 | |
| | 165,491 | | | Lockheed Martin Corp. | | | | | | | 57,943,364 | |
| | 917,545 | | | Raytheon Technologies Corp. | | | | | | | 49,841,044 | |
| | 380,744 | | | Trane Technologies plc | | | | | | | 50,543,766 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 482,145,920 | |
| | | | | | | | | | | | |
| | | | Consumer Durables & Apparel - 1.1% | |
| | 603,748 | | | VF Corp. | | | | | | | 40,571,866 | |
| | | | | | | | | | | | |
| | | | Consumer Services - 1.2% | |
| | 216,343 | | | McDonald’s Corp. | | | | | | | 46,081,059 | |
| | | | | | | | | | | | |
| | | | Diversified Financials - 4.4% | |
| | 126,934 | | | BlackRock, Inc. | | | | | | | 76,060,122 | |
| | 738,199 | | | Blackstone Group, Inc. Class A | | | | | | | 37,219,994 | |
| | 993,000 | | | Morgan Stanley | | | | | | | 47,812,950 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 161,093,066 | |
| | | | | | | | | | | | |
| | | | Energy - 3.3% | |
| | 728,361 | | | ConocoPhillips | | | | | | | 20,845,692 | |
| | 967,131 | | | Kinder Morgan, Inc. | | | | | | | 11,508,859 | |
| | 634,066 | | | Phillips 66 | | | | | | | 29,585,520 | |
| | 213,272 | | | Pioneer Natural Resources Co. | | | | | | | 16,967,920 | |
| | 1,047,727 | | | TC Energy Corp. | | | | | | | 41,239,063 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 120,147,054 | |
| | | | | | | | | | | | |
| | | | Food, Beverage & Tobacco - 8.3% | |
| | 1,235,343 | | | Archer-Daniels-Midland Co. | | | | | | | 57,122,260 | |
| | 578,702 | | | Coca-Cola Co. | | | | | | | 27,812,418 | |
| | 617,000 | | | Kellogg Co. | | | | | | | 38,803,130 | |
| | 1,285,896 | | | Mondelez International, Inc. Class A | | | | | | | 68,306,796 | |
| | 301,535 | | | PepsiCo., Inc. | | | | | | | 40,191,600 | |
| | 1,027,862 | | | Philip Morris International, Inc. | | | | | | | 72,998,759 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 305,234,963 | |
| | | | | | | | | | | | |
| | | | Health Care Equipment & Services - 5.8% | |
| | 1,008,433 | | | Medtronic plc | | | | | | | 101,418,107 | |
| | 369,798 | | | UnitedHealth Group, Inc. | | | | | | | 112,840,161 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 214,258,268 | |
| | | | | | | | | | | | |
| | | | Household & Personal Products - 2.4% | |
| | 352,518 | | | Procter & Gamble Co. | | | | | | | 48,330,218 | |
| | 697,368 | | | Unilever N.V. | | | | | | | 39,443,134 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 87,773,352 | |
| | | | | | | | | | | | |
| | | | Insurance - 6.4% | |
| | 556,853 | | | Chubb Ltd. | | | | | | | 72,340,773 | |
| | 1,746,885 | | | MetLife, Inc. | | | | | | | 66,119,597 | |
| | 866,293 | | | Progressive Corp. | | | | | | | 79,612,327 | |
| | 165,591 | | | Travelers Cos., Inc. | | | | | | | 19,988,490 | |
| | | | | | | | | | | 238,061,187 | |
| | | | | | | | | | | | |
| | | | Materials - 2.8% | |
| | | | | | | | | | | | |
| | 463,054 | | | Celanese Corp. | | | | | | | 52,561,260 | |
| | 403,638 | | | PPG Industries, Inc. | | | | | | | 52,359,921 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 104,921,181 | |
| | | | | | | | | | | | |
| | | | Media & Entertainment - 3.0% | |
| | 2,664,661 | | | Comcast Corp. Class A | | | | | | | 112,555,281 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 98.4% - (continued) | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 11.2% | |
| | 848,778 | | | AstraZeneca plc ADR | | | | | | $ | 42,574,704 | |
| | 247,319 | | | Eli Lilly & Co. | | | | | | | 32,265,237 | |
| | 857,792 | | | Johnson & Johnson | | | | | | | 117,611,861 | |
| | 422,175 | | | Merck & Co., Inc. | | | | | | | 31,751,782 | |
| | 519,062 | | | Novartis AG | | | | | | | 40,446,650 | |
| | 2,973,945 | | | Pfizer, Inc. | | | | | | | 105,515,568 | |
| | 131,990 | | | Roche Holding AG | | | | | | | 42,412,524 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 412,578,326 | |
| | | | | | | | | | | | |
| | | | Real Estate - 2.7% | |
| | 640,023 | | | Crown Castle International Corp. REIT | | | | | | | 99,971,593 | |
| | | | | | | | | | | | |
| | | | Retailing - 2.7% | |
| | 189,401 | | | Home Depot, Inc. | | | | | | | 50,515,141 | |
| | 301,219 | | | Lowe’s Cos., Inc. | | | | | | | 47,622,724 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 98,137,865 | |
| | | | | | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 3.4% | |
| | 387,990 | | | Analog Devices, Inc. | | | | | | | 45,988,455 | |
| | 981,569 | | | Intel Corp. | | | | | | | 43,463,875 | |
| | 186,663 | | | KLA Corp. | | | | | | | 36,806,210 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 126,258,540 | |
| | | | | | | | | | | | |
| | | | Software & Services - 1.2% | |
| | 289,987 | | | Automatic Data Processing, Inc. | | | | | | | 45,806,346 | |
| | | | | | | | | | | | |
| | | | Technology Hardware & Equipment - 6.1% | |
| | 2,509,470 | | | Cisco Systems, Inc. | | | | | | | 90,089,973 | |
| | 2,123,830 | | | Corning, Inc. | | | | | | | 67,898,845 | |
| | 676,741 | | | TE Connectivity Ltd. | | | | | | | 65,562,668 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 223,551,486 | |
| | | | | | | | | | | | |
| | | | Telecommunication Services - 2.4% | |
| | 1,551,010 | | | Verizon Communications, Inc. | | | | | | | 88,392,060 | |
| | | | | | | | | | | | |
| | | | Transportation - 1.9% | |
| | 405,064 | | | Union Pacific Corp. | | | | | | | 71,773,290 | |
| | | | | | | | | | | | |
| | | | Utilities - 7.6% | |
| | 511,895 | | | American Electric Power Co., Inc. | | | | | | | 46,034,717 | |
| | 765,300 | | | Dominion Energy, Inc. | | | | | | | 61,484,202 | |
| | 419,431 | | | Duke Energy Corp. | | | | | | | 38,633,789 | |
| | 175,514 | | | Eversource Energy | | | | | | | 15,317,107 | |
| | 1,251,621 | | | Exelon Corp. | | | | | | | 49,927,162 | |
| | 108,799 | | | FirstEnergy Corp. | | | | | | | 3,233,506 | |
| | 398,646 | | | Sempra Energy | | | | | | | 49,974,263 | |
| | 490,529 | | | UGI Corp. | | | | | | | 15,863,708 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 280,468,454 | |
| | | | | | | | | | | | |
| | | | Total Common Stocks
(cost $3,039,966,216) | | | | | | $ | 3,633,574,433 | |
| | | | | | | | | | | | |
| Short-Term Investments - 0.7% | |
| | | | Repurchase Agreements - 0.7% | |
| | 24,913,579 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $24,913,704; collateralized by U.S. Treasury Note at 0.125%, maturing 07/15/2030, with a market value of $25,411,892. | | | | | | $ | 24,913,579 | |
| | | | | | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $24,913,579) | | | $ | 24,913,579 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $3,064,879,795) | | | 99.1 | % | | $ | 3,658,488,012 | |
| | | | Other Assets and Liabilities | | | 0.9 | % | | | 33,557,175 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 3,692,045,187 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Equity Income Fund |
Schedule of Investments – (continued)
October 31, 2020
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 273,793,276 | | | $ | 273,793,276 | | | $ | — | | | $ | — | |
Capital Goods | | | 482,145,920 | | | | 482,145,920 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 40,571,866 | | | | 40,571,866 | | | | — | | | | — | |
Consumer Services | | | 46,081,059 | | | | 46,081,059 | | | | — | | | | — | |
Diversified Financials | | | 161,093,066 | | | | 161,093,066 | | | | — | | | | — | |
Energy | | | 120,147,054 | | | | 120,147,054 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 305,234,963 | | | | 305,234,963 | | | | — | | | | — | |
Health Care Equipment & Services | | | 214,258,268 | | | | 214,258,268 | | | | — | | | | — | |
Household & Personal Products | | | 87,773,352 | | | | 87,773,352 | | | | — | | | | — | |
Insurance | | | 238,061,187 | | | | 238,061,187 | | | | — | | | | — | |
Materials | | | 104,921,181 | | | | 104,921,181 | | | | — | | | | — | |
Media & Entertainment | | | 112,555,281 | | | | 112,555,281 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 412,578,326 | | | | 329,719,152 | | | | 82,859,174 | | | | — | |
Real Estate | | | 99,971,593 | | | | 99,971,593 | | | | — | | | | — | |
Retailing | | | 98,137,865 | | | | 98,137,865 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 126,258,540 | | | | 126,258,540 | | | | — | | | | — | |
Software & Services | | | 45,806,346 | | | | 45,806,346 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 223,551,486 | | | | 223,551,486 | | | | — | | | | — | |
Telecommunication Services | | | 88,392,060 | | | | 88,392,060 | | | | — | | | | — | |
Transportation | | | 71,773,290 | | | | 71,773,290 | | | | — | | | | — | |
Utilities | | | 280,468,454 | | | | 280,468,454 | | | | — | | | | — | |
Short-Term Investments | | | 24,913,579 | | | | — | | | | 24,913,579 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 3,658,488,012 | | | $ | 3,550,715,259 | | | $ | 107,772,753 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 95.5% | |
| | | | Automobiles & Components - 1.0% | |
| | 732,036 | | | Thor Industries, Inc. | | | | | | $ | 61,915,605 | |
| | | | | | | | | | | | |
| | | | Capital Goods - 0.7% | |
| | 732,267 | | | Fortive Corp. | | | | | | | 45,107,647 | |
| | | | | | | | | | | | |
| | | | Commercial & Professional Services - 3.0% | |
| | 603,830 | | | Copart, Inc.* | | | | | | | 66,638,679 | |
| | 150,524 | | | CoStar Group, Inc.* | | | | | | | 123,973,072 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 190,611,751 | |
| | | | | | | | | | | | |
| | | | Consumer Durables & Apparel - 2.9% | |
| | 1,242,438 | | | Peloton Interactive, Inc. Class A* | | | | | | | 136,929,092 | |
| | 566,561 | | | Polaris, Inc. | | | | | | | 51,477,733 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 188,406,825 | |
| | | | | | | | | | | | |
| | | | Consumer Services - 6.5% | |
| | 836,098 | | | Chegg, Inc.* | | | | | | | 61,403,037 | |
| | 3,091,182 | | | DraftKings, Inc. Class A*(1) | | | | | | | 109,427,843 | |
| | 894,529 | | | McDonald’s Corp. | | | | | | | 190,534,677 | |
| | 974,526 | | | Penn National Gaming, Inc.* | | | | | | | 52,604,913 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 413,970,470 | |
| | | | | | | | | | | | |
| | | | Diversified Financials - 0.8% | |
| | 1,001,559 | | | Blackstone Group, Inc. Class A | | | | | | | 50,498,605 | |
| | | | | | | | | | | | |
| | | | Food, Beverage & Tobacco - 2.9% | |
| | 596,241 | | | Constellation Brands, Inc. Class A | | | | | | | 98,516,900 | |
| | 1,116,796 | | | Monster Beverage Corp.* | | | | | | | 85,513,070 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 184,029,970 | |
| | | | | | | | | | | | |
| | | | Health Care Equipment & Services - 9.4% | |
| | 272,887 | | | ABIOMED, Inc.* | | | | | | | 68,734,778 | |
| | 346,853 | | | Align Technology, Inc.* | | | | | | | 147,787,126 | |
| | 470,909 | | | Danaher Corp. | | | | | | | 108,092,452 | |
| | 278,498 | | | DexCom, Inc.* | | | | | | | 89,002,391 | |
| | 463,746 | | | Insulet Corp.* | | | | | | | 103,067,548 | |
| | 126,769 | | | Intuitive Surgical, Inc.* | | | | | | | 84,565,065 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 601,249,360 | |
| | | | | | | | | | | | |
| | | | Media & Entertainment - 8.4% | |
| | 568,305 | | | Facebook, Inc. Class A* | | | | | | | 149,526,729 | |
| | 903,843 | | | Match Group, Inc.* | | | | | | | 105,550,785 | |
| | 3,536,424 | | | Snap, Inc. Class A* | | | | | | | 139,299,741 | |
| | 336,883 | | | Spotify Technology S.A.* | | | | | | | 80,814,863 | |
| | 1,483,989 | | | Twitter, Inc.* | | | | | | | 61,377,785 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 536,569,903 | |
| | | | | | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 8.1% | |
| | 209,083 | | | Ascendis Pharma A/S ADR* | | | | | | | 34,153,708 | |
| | 1,024,331 | | | AstraZeneca plc ADR | | | | | | | 51,380,443 | |
| | 105,562 | | | Biogen, Inc.* | | | | | | | 26,609,013 | |
| | 2,093,739 | | | Elanco Animal Health, Inc.* | | | | | | | 64,926,846 | |
| | 1,050,168 | | | Exact Sciences Corp.* | | | | | | | 130,042,303 | |
| | 557,100 | | | Galapagos N.V.* | | | | | | | 65,117,839 | |
| | 16,322 | | | Galapagos N.V. ADR*(1) | | | | | | | 1,901,187 | |
| | 121,360 | | | Reata Pharmaceuticals, Inc. Class A* | | | | | | | 14,163,926 | |
| | 282,431 | | | Thermo Fisher Scientific, Inc. | | | | | | | 133,623,755 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 521,919,020 | |
| | | | | | | | | | | | |
| | | | Real Estate - 0.0% | |
| | 29,564 | | | We Co. Class A(2)(3)(4) | | | | | | | 150,185 | |
| | | | | | | | | | | | |
| | | | Retailing - 16.5% | |
| | 221,173 | | | Amazon.com, Inc.* | | | | | | | 671,514,404 | |
| | 65,617 | | | Booking Holdings, Inc.* | | | | | | | 106,463,582 | |
| | 123,196 | | | JAND, Inc. Class A*(2)(3)(4) | | | | | | | 2,725,095 | |
| | 883,826 | | | Lowe’s Cos., Inc. | | | | | | | 139,732,891 | |
| | 2,591,786 | | | TJX Cos., Inc. | | | | | | | 131,662,729 | |
| | 171,581 | | | Tory Burch LLC*(2)(3)(4) | | | | | | | 7,079,431 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,059,178,132 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 95.5% - (continued) | |
| | | | Semiconductors & Semiconductor Equipment - 8.3% | |
| | 2,084,117 | | | Advanced Micro Devices, Inc.* | | | | | | | 156,913,169 | |
| | 2,397,680 | | | Marvell Technology Group Ltd. | | | | | | | 89,936,977 | |
| | 565,075 | | | NVIDIA Corp. | | | | | | | 283,306,002 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 530,156,148 | |
| | | | | | | | | | | | |
| | | | Software & Services - 16.4% | |
| | 899,936 | | | 2U, Inc.* | | | | | | | 33,162,642 | |
| | 157,623 | | | Fair Isaac Corp.* | | | | | | | 61,701,523 | |
| | 1,043,152 | | | GoDaddy, Inc. Class A* | | | | | | | 73,792,573 | |
| | 729,119 | | | Guidewire Software, Inc.* | | | | | | | 70,075,627 | |
| | 731,597 | | | Leidos Holdings, Inc. | | | | | | | 60,722,551 | |
| | 7,292,874 | | | Multiplan Corp.*(1) | | | | | | | 53,237,980 | |
| | 224,380 | | | Paycom Software, Inc.* | | | | | | | 81,694,514 | |
| | 273,856 | | | RingCentral, Inc. Class A* | | | | | | | 70,747,959 | |
| | 801,445 | | | Splunk, Inc.* | | | | | | | 158,718,168 | |
| | 1,181,847 | | | Square, Inc. Class A* | | | | | | | 183,044,463 | |
| | 958,717 | | | Workday, Inc. Class A* | | | | | | | 201,445,616 | |
| | | | | | | | | | | | |
| | | | | | | | | 1,048,343,616 | |
| | | | | | | | | | | | |
| | | | Technology Hardware & Equipment - 8.7% | |
| | 5,043,296 | | | Apple, Inc. | | | | | | | 549,013,203 | |
| | 292,906 | | | Vontier Corp.* | | | | | | | 8,418,118 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 557,431,321 | |
| | | | | | | | | | | | |
| | | | Transportation - 1.9% | |
| | 266,369 | | | FedEx Corp. | | | | | | | 69,114,764 | |
| | 1,549,907 | | | Uber Technologies, Inc.* | | | | | | | 51,782,393 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 120,897,157 | |
| | | | | | | | | | | | |
| | | | Total Common Stocks
(cost $4,550,642,269) | | | | | | $ | 6,110,435,715 | |
| | | | | | | | | | | | |
| Exchange-Traded Funds - 0.4% | |
| | | | Other Investment Pools & Funds - 0.4% | |
| | 129,900 | | | iShares Russell 1000 Growth ETF | | | | | | | 27,224,442 | |
| | | | | | | | | | | | |
| | | | Total Exchange-Traded Funds
(cost $27,713,295) | | | | | | $ | 27,224,442 | |
| | | | | | | | | | | | |
| Convertible Preferred Stocks - 1.4% | |
| | | | Commercial & Professional Services - 0.1% | |
| | 470,535 | | | Rubicon Global Holdings LLC Series C*(2)(3)(4) | | | | | | $ | 7,542,676 | |
| | | | | | | | | | | | |
| | | | Real Estate - 0.1% | |
| | 404,267 | | | We Co. Series D1*(2)(3)(4) | | | | | | | 3,165,411 | |
| | 317,638 | | | We Co. Series D2*(2)(3)(4) | | | | | | | 2,487,105 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 5,652,516 | |
| | | | | | | | | | | | |
| | | | Retailing - 0.9% | |
| | 4,434,460 | | | Coupang LLC *(2)(3)(4) | | | | | | | 38,047,667 | |
| | 272,032 | | | Honest Co., Inc. Series C*(2)(3)(4) | | | | 9,591,849 | |
| | 275,096 | | | JAND, Inc. Series D*(2)(3)(4) | | | | | | | 6,167,652 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 53,807,168 | |
| | | | | | | | | | | | |
| | | | Software & Services - 0.3% | |
| | 5,668,755 | | | Essence Group Holdings Corp. Series 3*(2)(3)(4) | | | | | | | 13,151,511 | |
| | 743,470 | | | Lookout, Inc. Series F*(2)(3)(4) | | | | | | | 6,453,320 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 19,604,831 | |
| | | | | | | | | | | | |
| | | | Total Convertible Preferred Stocks
(cost $63,194,426) | | | | | | $ | 86,607,191 | |
| | | | | | | | | | | | |
| Escrows - 0.0%(5) | |
| | | | Consumer Durables & Apparel - 0.0% | |
| | 923,832 | | | One Kings Lane, Inc.*(2)(3)(4) | | | | | | $ | 147,813 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Escrows - 0.0%(5) - (continued) | |
| | | | Software & Services - 0.0% | |
| | 566,228 | | | Veracode, Inc.*(2)(3)(4) | | | | | | $ | 379,939 | |
| | | | | | | | | | | | |
| | |
| | | | Total Escrows
(cost $ - ) | | | $ | 527,752 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Long-Term Investments
(cost $4,641,549,990) | | | | | | $ | 6,224,795,100 | |
| | | | | | | | | | | | |
| Short-Term Investments - 2.1% | |
| | | | Repurchase Agreements - 1.7% | |
| | 106,171,930 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $106,172,461; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $17,394,176 | | | | | | $ | 106,171,930 | |
| | | | | | | | | | | | |
| | | | Securities Lending Collateral - 0.4% | |
| | 26,797,937 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6) | | | | 26,797,937 | |
| | 27,046 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6) | | | | 27,046 | |
| | | | | | | | | | | | |
| | | | | 26,824,983 | |
| | | | | | | | | | | | |
| | | | Total Short-Term Investments
(cost $132,996,913) | | | $ | 132,996,913 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $4,774,546,903) | | | 99.4 | % | | $ | 6,357,792,013 | |
| | | | Other Assets and Liabilities | | | 0.6 | % | | | 37,315,215 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 6,395,107,228 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Investment valued using significant unobservable inputs. |
| (3) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $97,089,654, which represented 1.5% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (4) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $97,089,654 or 1.5% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Total Cost | | | Market Value | |
| | 11/2014 | | | Coupang LLC Convertible Preferred | | | 4,434,460 | | | $ | 13,805,010 | | | $ | 38,047,667 | |
| | 05/2014 | | | Essence Group Holdings Corp. Series 3 Convertible Preferred | | | 5,668,755 | | | | 8,964,002 | | | | 13,151,511 | |
| | 08/2014 | | | Honest Co., Inc. Series C Convertible Preferred | | | 272,032 | | | | 7,360,452 | | | | 9,591,849 | |
| | 04/2015 | | | JAND, Inc. Class A | | | 123,196 | | | | 1,414,943 | | | | 2,725,095 | |
| | 04/2015 | | | JAND, Inc. Series D Convertible Preferred | | | 275,096 | | | | 3,159,560 | | | | 6,167,652 | |
| | 07/2014 | | | Lookout, Inc. Series F Convertible Preferred | | | 743,470 | | | | 8,492,732 | | | | 6,453,320 | |
| | 08/2014 | | | One Kings Lane, Inc. | | | 923,832 | | | | — | | | | 147,813 | |
| | 09/2015 | | | Rubicon Global Holdings LLC Series C Convertible Preferred | | | 470,535 | | | | 9,392,114 | | | | 7,542,676 | |
| | 11/2013 | | | Tory Burch LLC | | | 171,581 | | | | 13,447,917 | | | | 7,079,431 | |
| | 08/2014 | | | Veracode, Inc. | | | 566,228 | | | | — | | | | 379,939 | |
| | 12/2014 | �� | | We Co. Class A | | | 29,564 | | | | 492,275 | | | | 150,185 | |
| | 12/2014 | | | We Co. Series D1 Convertible Preferred | | | 404,267 | | | | 6,731,515 | | | | 3,165,411 | |
| | 12/2014 | | | We Co. Series D2 Convertible Preferred | | | 317,638 | | | | 5,289,041 | | | | 2,487,105 | |
| | | | | | | | | | | | | | | | |
| | | | | | | $ | 78,549,561 | | | $ | 97,089,654 | |
| | | | | | | | | | | | | | | | |
| (5) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| (6) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Growth Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 61,915,605 | | | $ | 61,915,605 | | | $ | — | | | $ | — | |
Capital Goods | | | 45,107,647 | | | | 45,107,647 | | | | — | | | | — | |
Commercial & Professional Services | | | 190,611,751 | | | | 190,611,751 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 188,406,825 | | | | 188,406,825 | | | | — | | | | — | |
Consumer Services | | | 413,970,470 | | | | 413,970,470 | | | | — | | | | — | |
Diversified Financials | | | 50,498,605 | | | | 50,498,605 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 184,029,970 | | | | 184,029,970 | | | | — | | | | — | |
Health Care Equipment & Services | | | 601,249,360 | | | | 601,249,360 | | | | — | | | | — | |
Media & Entertainment | | | 536,569,903 | | | | 536,569,903 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 521,919,020 | | | | 456,801,181 | | | | 65,117,839 | | | | — | |
Real Estate | | | 150,185 | | | | — | | | | — | | | | 150,185 | |
Retailing | | | 1,059,178,132 | | | | 1,049,373,606 | | | | — | | | | 9,804,526 | |
Semiconductors & Semiconductor Equipment | | | 530,156,148 | | | | 530,156,148 | | | | — | | | | — | |
Software & Services | | | 1,048,343,616 | | | | 1,048,343,616 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 557,431,321 | | | | 557,431,321 | | | | — | | | | — | |
Transportation | | | 120,897,157 | | | | 120,897,157 | | | | — | | | | — | |
Exchange-Traded Funds | | | 27,224,442 | | | | 27,224,442 | | | | — | | | | — | |
Convertible Preferred Stocks | | | 86,607,191 | | | | — | | | | — | | | | 86,607,191 | |
Escrows | | | 527,752 | | | | — | | | | — | | | | 527,752 | |
Short-Term Investments | | | 132,996,913 | | | | 26,824,983 | | | | 106,171,930 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 6,357,792,013 | | | $ | 6,089,412,590 | | | $ | 171,289,769 | | | $ | 97,089,654 | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, investments valued at $15,400,659 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3. |
The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | |
| | | Common
Stocks | | | Convertible
Preferred
Stocks | | | Escrows | | | Total | |
Beginning balance | | $ | 81,651,451 | | | $ | 86,994,121 | | | $ | 576,266 | | | $ | 169,221,838 | |
Sales | | | (56,866,249 | ) | | | (10,320,039 | ) | | | (193,442 | ) | | | (67,379,730 | ) |
Total realized gain/(loss) | | | 9,496,646 | | | | (2,204,412 | ) | | | 193,442 | | | | 7,485,676 | |
Net change in unrealized appreciation/(depreciation) | | | (8,926,478 | ) | | | 12,137,521 | | | | (48,514 | ) | | | 3,162,529 | |
Transfer out of Level 3 | | | (15,400,659 | ) | | | — | | | | — | | | | (15,400,659 | ) |
| | | | | | | | | | | | | | | | |
Ending balance | | $ | 9,954,711 | | | $ | 86,607,191 | | | $ | 527,752 | | | $ | 97,089,654 | |
| | | | | | | | | | | | | | | | |
The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at October 31, 2020 was $8,405,862.
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Healthcare Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 99.4% | |
| | | | Biotechnology - 22.0% | |
| | 216,775 | | | 89bio, Inc.* | | | | | | $ | 5,020,509 | |
| | 155,045 | | | Akero Therapeutics, Inc.* | | | | | | | 4,116,445 | |
| | 29,600 | | | Akouos, Inc.* | | | | | | | 574,536 | |
| | 692,439 | | | Alkermes plc* | | | | | | | 11,252,134 | |
| | 114,584 | | | Alnylam Pharmaceuticals, Inc.* | | | | | | | 14,090,395 | |
| | 25,600 | | | ALX Oncology Holdings, Inc.* | | | | | | | 1,011,456 | |
| | 297,250 | | | Apellis Pharmaceuticals, Inc.* | | | | | | | 9,482,275 | |
| | 165,065 | | | Arena Pharmaceuticals, Inc.* | | | | | | | 14,149,372 | |
| | 18,934 | | | Argenx SE ADR* | | | | | | | 4,698,093 | |
| | 29,365 | | | Ascendis Pharma A/S ADR* | | | | | | | 4,796,773 | |
| | 168,481 | | | Assembly Biosciences, Inc.* | | | | | | | 2,483,410 | |
| | 83,621 | | | Avidity Biosciences, Inc.* | | | | | | | 2,067,947 | |
| | 25,611 | | | Biogen, Inc.* | | | | | | | 6,455,765 | |
| | 136,952 | | | Biohaven Pharmaceutical Holding Co., Ltd.* | | | | | | | 10,608,302 | |
| | 42,586 | | | Black Diamond Therapeutics, Inc.* | | | | | | | 1,341,885 | |
| | 253,262 | | | Coherus Biosciences, Inc.* | | | | | | | 4,221,878 | |
| | 189,436 | | | Constellation Pharmaceuticals, Inc.* | | | | | | | 3,716,734 | |
| | 220,162 | | | Cytokinetics, Inc.* | | | | | | | 3,383,890 | |
| | 72,670 | | | Exact Sciences Corp.* | | | | | | | 8,998,726 | |
| | 57,546 | | | Forma Therapeutics Holdings, Inc.* | | | | | | | 2,481,384 | |
| | 276,434 | | | Freeline Therapeutics Holdings plc ADR*(1) | | | | | | | 4,785,073 | |
| | 342,856 | | | G1 Therapeutics, Inc.* | | | | | | | 3,767,987 | |
| | 35,309 | | | Galapagos N.V.* | | | | | | | 4,127,169 | |
| | 54,185 | | | Generation Bio Co.* | | | | | | | 1,400,140 | |
| | 20,330 | | | Genmab A/S* | | | | | | | 6,790,725 | |
| | 151,767 | | | Genus plc | | | | | | | 8,065,610 | |
| | 196,488 | | | Global Blood Therapeutics, Inc.* | | | | | | | 10,390,285 | |
| | 404,265 | | | GlycoMimetics, Inc.* | | | | | | | 1,131,942 | |
| | 945,880 | | | ImmunoGen, Inc.* | | | | | | | 5,334,763 | |
| | 869,863 | | | Ironwood Pharmaceuticals, Inc.* | | | | | | | 8,594,246 | |
| | 96,948 | | | Kodiak Sciences, Inc.* | | | | | | | 8,803,848 | |
| | 102,565 | | | Kymera Therapeutics, Inc.* | | | | | | | 3,691,314 | |
| | 33,407 | | | Legend Biotech Corp. ADR* | | | | | | | 864,239 | |
| | 85,491 | | | Madrigal Pharmaceuticals, Inc.*(1) | | | | | | | 10,878,730 | |
| | 50,956 | | | Mirati Therapeutics, Inc.* | | | | | | | 11,064,586 | |
| | 219,419 | | | Myovant Sciences Ltd.* | | | | | | | 3,027,982 | |
| | 509,405 | | | Nurix Therapeutics, Inc.* | | | | | | | 12,882,852 | |
| | 183,040 | | | Oyster Point Pharma, Inc.*(1) | | | | | | | 3,629,683 | |
| | 549,547 | | | PhaseBio Pharmaceuticals, Inc.*(1) | | | | | | | 1,500,263 | |
| | 135,792 | | | Radius Health, Inc.* | | | | | | | 1,820,971 | |
| | 16,376 | | | Regeneron Pharmaceuticals, Inc.* | | | | | | | 8,901,339 | |
| | 27,000 | | | Relay Therapeutics, Inc.* | | | | | | | 997,380 | |
| | 1,408,948 | | | Rigel Pharmaceuticals, Inc.* | | | | | | | 3,494,191 | |
| | 123,869 | | | Seagen, Inc.* | | | | | | | 20,661,349 | |
| | 679,486 | | | Syndax Pharmaceuticals, Inc.* | | | | | | | 11,829,851 | |
| | 70,630 | | | Turning Point Therapeutics, Inc.* | | | | | | | 6,511,380 | |
| | 23,748 | | | Twist Bioscience Corp.* | | | | | | | 1,820,047 | |
| | 221,439 | | | UroGen Pharma Ltd.*(1) | | | | | | | 4,986,806 | |
| | 81,254 | | | Vertex Pharmaceuticals, Inc.* | | | | | | | 16,930,083 | |
| | 205,652 | | | Zai Lab Ltd. ADR* | | | | | | | 16,873,747 | |
| | 62,032 | | | Zealand Pharma A/S ADR*(1) | | | | | | | 2,097,302 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 322,607,792 | |
| | | | | | | | | | | | |
| | | | Health Care Distributors - 0.5% | |
| | 301,300 | | | Owens & Minor, Inc. | | | | | | | 7,568,656 | |
| | | | | | | | | | | | |
| | | | Health Care Equipment - 23.3% | |
| | 498,241 | | | Abbott Laboratories | | | | | | | 52,370,112 | |
| | 302,339 | | | Baxter International, Inc. | | | | | | | 23,452,436 | |
| | 166,707 | | | Becton Dickinson and Co. | | | | | | | 38,530,989 | |
| | 1,233,406 | | | Boston Scientific Corp.* | | | | | | | 42,268,824 | |
| | 257,011 | | | Danaher Corp. | | | | | | | 58,994,305 | |
| | 490,812 | | | Edwards Lifesciences Corp.* | | | | | | | 35,186,312 | |
| | 35,100 | | | Everest Medicines Ltd.*(2) | | | | | | | 262,373 | |
| | 224,303 | | | Hologic, Inc.* | | | | | | | 15,436,532 | |
| | 167,460 | | | Integra LifeSciences Holdings Corp.* | | | | | | | 7,384,986 | |
| | 37,600 | | | Intuitive Surgical, Inc.* | | | | | | | 25,082,208 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 99.4% - (continued) | |
| | | | Health Care Equipment - 23.3% - (continued) | |
| | 19,465 | | | Masimo Corp.* | | | | | | $ | 4,356,656 | |
| | 126,923 | | | NuVasive, Inc.* | | | | | | | 5,639,189 | |
| | 752,419 | | | Smith & Nephew plc | | | | | | | 13,065,101 | |
| | 60,800 | | | Teleflex, Inc. | | | | | | | 19,348,384 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 341,378,407 | |
| | | | | | | | | | | | |
| | | | Health Care Facilities - 2.9% | |
| | 258,267 | | | Acadia Healthcare Co., Inc.* | | | | | | | 9,207,219 | |
| | 178,056 | | | Encompass Health Corp. | | | | | | | 10,916,613 | |
| | 185,853 | | | HCA Healthcare, Inc. | | | | | | | 23,034,621 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 43,158,453 | |
| | | | | | | | | | | | |
| | | | Health Care Services - 2.3% | |
| | 39,839 | | | Amedisys, Inc.* | | | | | | | 10,318,301 | |
| | 152,431 | | | Fresenius SE & Co. KGaA | | | | | | | 5,654,189 | |
| | 45,143 | | | LHC Group, Inc.* | | | | | | | 9,775,717 | |
| | 401,885 | | | R1 RCM, Inc.* | | | | | | | 7,201,779 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 32,949,986 | |
| | | | | | | | | | | | |
| | | | Health Care Supplies - 1.2% | |
| | 3,019,350 | | | ConvaTec Group plc(2) | | | | | | | 7,068,091 | |
| | 40,356 | | | Quidel Corp.* | | | | | | | 10,827,111 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 17,895,202 | |
| | | | | | | | | | | | |
| | | | Integrated Telecommunication Services - 0.1% | |
| | 76,796 | | | Therapeutics Acquisition Corp. Class A* | | | | | | | 1,013,707 | |
| | | | | | | | | | | | |
| | | | Life Sciences Tools & Services - 12.2% | |
| | 3,400 | | | Berkeley Lights, Inc.* | | | | | | | 246,738 | |
| | 35,540 | | | Bio-Techne Corp. | | | | | | | 8,970,651 | |
| | 78,442 | | | ICON plc* | | | | | | | 14,143,093 | |
| | 222,154 | | | NanoString Technologies, Inc.* | | | | | | | 8,141,944 | |
| | 207,466 | | | NeoGenomics, Inc.* | | | | | | | 8,138,891 | |
| | 546,005 | | | PPD, Inc.* | | | | | | | 17,952,644 | |
| | 131,336 | | | PRA Health Sciences, Inc.* | | | | | | | 12,797,380 | |
| | 39,815 | | | Repligen Corp.* | | | | | | | 6,631,985 | |
| | 26,444 | | | Tecan Group AG | | | | | | | 12,548,427 | |
| | 150,081 | | | Thermo Fisher Scientific, Inc. | | | | | | | 71,006,323 | |
| | 609,663 | | | WuXi AppTec Co., Ltd. Class H(2) | | | | | | | 9,747,475 | |
| | 284,500 | | | Wuxi Biologics Cayman, Inc.*(2) | | | | | | | 7,989,815 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 178,315,366 | |
| | | | | | | | | | | | |
| | | | Managed Health Care - 11.4% | |
| | 242,922 | | | Centene Corp.* | | | | | | | 14,356,690 | |
| | 61,335 | | | Humana, Inc. | | | | | | | 24,489,839 | |
| | 41,806 | | | Molina Healthcare, Inc.* | | | | | | | 7,795,565 | |
| | 480,000 | | | Notre Dame Intermedica Participacoes S.A. | | | | | | | 5,500,222 | |
| | 377,984 | | | UnitedHealth Group, Inc. | | | | | | | 115,338,038 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 167,480,354 | |
| | | | | | | | | | | | |
| | | | Pharmaceuticals - 23.5% | |
| | 527,707 | | | Amneal Pharmaceuticals, Inc.* | | | | | | | 2,195,261 | |
| | 244,300 | | | Astellas Pharma, Inc. | | | | | | | 3,350,070 | |
| | 744,642 | | | AstraZeneca plc ADR | | | | | | | 37,351,243 | |
| | 917,491 | | | Bristol-Myers Squibb Co. | | | | | | | 53,627,349 | |
| | 703,725 | | | Daiichi Sankyo Co., Ltd. | | | | | | | 18,573,861 | |
| | 220,895 | | | Eisai Co., Ltd. | | | | | | | 17,175,365 | |
| | 200,469 | | | Elanco Animal Health, Inc.* | | | | | | | 6,216,544 | |
| | 364,133 | | | Eli Lilly & Co. | | | | | | | 47,504,791 | |
| | 11,900 | | | Harmony Biosciences Holdings, Inc.*(1) | | | | | | | 462,910 | |
| | 49,405 | | | Hikma Pharmaceuticals plc | | | | | | | 1,606,328 | |
| | 101,778 | | | Hutchison China MediTech Ltd. ADR* | | | | | | | 2,996,344 | |
| | 121,237 | | | Laboratorios Farmaceuticos Rovi S.A.* | | | | | | | 4,320,680 | |
| | 586,193 | | | Mylan N.V.*(1) | | | | | | | 8,523,246 | |
| | 41,000 | | | Nippon Shinyaku Co., Ltd. | | | | | | | 2,929,701 | |
| | 89,169 | | | Novartis AG | | | | | | | 6,948,278 | |
| | 267,306 | | | Odonate Therapeutics, Inc.* | | | | 3,851,879 | |
| | 285,245 | | | Ono Pharmaceutical Co., Ltd. | | | | 8,136,674 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Healthcare Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 99.4% - (continued) | |
| | | | Pharmaceuticals - 23.5% - (continued) | |
| | 2,422,706 | | | Pfizer, Inc. | | | $ | 85,957,609 | |
| | 271,302 | | | Revance Therapeutics, Inc.* | | | | 7,021,296 | |
| | 173,777 | | | Royalty Pharma plc Class A | | | | 6,377,616 | |
| | 77,170 | | | Takeda Pharmaceutical Co., Ltd. | | | | 2,384,753 | |
| | 186,443 | | | Theravance Biopharma, Inc.* | | | | 3,525,637 | |
| | 243,310 | | | Tricida, Inc.* | | | | 1,369,835 | |
| | 111,296 | | | UCB S.A. | | | | 10,992,877 | |
| | 207,352 | | | WaVe Life Sciences Ltd.* | | | | 1,465,979 | |
| | | | | | | | | | | | |
| | | | | 344,866,126 | |
| | | | | | | | | | | | |
| | | | Total Common Stocks
(cost $1,172,630,895) | | | $ | 1,457,234,049 | |
| | | | | | | | | | | | |
| Short-Term Investments - 2.1% | |
| | | | Repurchase Agreements - 1.2% | |
| | 17,074,447 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.06%, due on 11/02/2020 with a maturity value of $17,074.532; collateralized by U.S. Treasury Note 0.75%, maturing 07/15/2028, with a market value of $17,415,982 | | | $ | 17,074,447 | |
| | | | | | | | | | | | |
| | | | Securities Lending Collateral - 0.9% | |
| | 13,478,185 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3) | | | | 13,478,185 | |
| | 13,603 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3) | | | | 13,603 | |
| | | | | | | | | | | | |
| | | | | 13,491,788 | |
| | | | | | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $30,566,235) | | | $ | 30,566,235 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $1,203,197,130) | | | 101.5 | % | | $ | 1,487,800,284 | |
| | | | Other Assets and Liabilities | | | (1.5 | )% | | | (22,131,696 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,465,668,588 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $25,067,754, representing 1.7% of net assets. |
| (3) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Biotechnology | | $ | 322,607,792 | | | $ | 303,624,288 | | | $ | 18,983,504 | | | $ | — | |
Health Care Distributors | | | 7,568,656 | | | | 7,568,656 | | | | — | | | | — | |
Health Care Equipment | | | 341,378,407 | | | | 328,313,306 | | | | 13,065,101 | | | | — | |
Health Care Facilities | | | 43,158,453 | | | | 43,158,453 | | | | — | | | | — | |
Health Care Services | | | 32,949,986 | | | | 27,295,797 | | | | 5,654,189 | | | | — | |
Health Care Supplies | | | 17,895,202 | | | | 10,827,111 | | | | 7,068,091 | | | | — | |
Integrated Telecommunication Services | | | 1,013,707 | | | | 1,013,707 | | | | — | | | | — | |
Life Sciences Tools & Services | | | 178,315,366 | | | | 148,029,649 | | | | 30,285,717 | | | | — | |
Managed Health Care | | | 167,480,354 | | | | 167,480,354 | | | | — | | | | — | |
Pharmaceuticals | | | 344,866,126 | | | | 272,768,219 | | | | 72,097,907 | | | | — | |
Short-Term Investments | | | 30,566,235 | | | | 13,491,788 | | | | 17,074,447 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,487,800,284 | | | $ | 1,323,571,328 | | | $ | 164,228,956 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 100.1% | |
| | | | Banks - 5.0% | |
| | 1,315,404 | | | Cullen/Frost Bankers, Inc. | | | | | | $ | 92,433,439 | |
| | 230,121 | | | First Citizens BancShares, Inc. Class A | | | | | | | 106,476,987 | |
| | 1,364,249 | | | First Republic Bank | | | | | | | 172,086,369 | |
| | 980,361 | | | M&T Bank Corp. | | | | | | | 101,545,792 | |
| | 1,856,626 | | | Prosperity Bancshares, Inc. | | | | | | | 102,318,659 | |
| | 1,228,460 | | | South State Corp. | | | | | | | 75,427,444 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 650,288,690 | |
| | | | | | | | | | | | |
| | | | Capital Goods - 10.4% | |
| | 1,103,519 | | | Axon Enterprise, Inc.* | | | | | | | 109,138,029 | |
| | 2,247,237 | | | Fastenal Co. | | | | | | | 97,148,056 | |
| | 1,113,091 | | | Graco, Inc. | | | | | | | 68,900,333 | |
| | 796,382 | | | HEICO Corp. Class A | | | | | | | 74,461,717 | |
| | 1,271,296 | | | IDEX Corp. | | | | | | | 216,616,126 | |
| | 7,780,734 | | | Ingersoll Rand, Inc.* | | | | | | | 271,858,846 | |
| | 780,929 | | | Lennox International, Inc. | | | | | | | 212,147,172 | |
| | 1,485,445 | | | Lincoln Electric Holdings, Inc. | | | | | | | 151,248,010 | |
| | 287,697 | | | Middleby Corp.* | | | | | | | 28,637,359 | |
| | 525,873 | | | Watsco, Inc. | | | | | | | 117,869,174 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,348,024,822 | |
| | | | | | | | | | | | |
| | | | Commercial & Professional Services - 4.2% | |
| | 6,803,619 | | | GFL Environmental, Inc.(1) | | | | | | | 130,221,268 | |
| | 1,637,761 | | | Healthcare Services Group, Inc. | | | | | | | 37,471,972 | |
| | 3,744,255 | | | IAA, Inc.* | | | | | | | 211,887,390 | |
| | 11,427,385 | | | KAR Auction Services, Inc.(2) | | | | | | | 166,382,725 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 545,963,355 | |
| | | | | | | | | | | | |
| | | | Consumer Durables & Apparel - 5.6% | |
| | 1,453,283 | | | Carter’s, Inc. | | | | | | | 118,369,900 | |
| | 58,191 | | | NVR, Inc.* | | | | | | | 230,034,260 | |
| | 2,145,817 | | | PVH Corp. | | | | | | | 125,079,673 | |
| | 6,687,439 | | | Under Armour, Inc. Class C* | | | | | | | 81,787,379 | |
| | 3,445,549 | | | YETI Holdings, Inc.* | | | | | | | 170,485,765 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 725,756,977 | |
| | | | | | | | | | | | |
| | | | Consumer Services - 1.8% | |
| | 2,019,947 | | | Choice Hotels International, Inc. | | | | | | | 176,442,370 | |
| | 1,002,827 | | | Hyatt Hotels Corp. Class A | | | | | | | 55,295,881 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 231,738,251 | |
| | | | | | | | | | | | |
| | | | Diversified Financials - 1.3% | |
| | 381,535 | | | Credit Acceptance Corp.*(1) | | | | | | | 113,743,214 | |
| | 845,828 | | | Hamilton Lane, Inc. Class A | | | | | | | 58,954,212 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 172,697,426 | |
| | | | | | | | | | | | |
| | | | Energy - 0.5% | |
| | 3,311,928 | | | Cabot Oil & Gas Corp. | | | | | | | 58,919,199 | |
| | | | | | | | | | | | |
| | | | Food & Staples Retailing - 0.8% | |
| | 3,088,077 | | | Performance Food Group Co.* | | | | | | | 103,790,268 | |
| | | | | | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.1% | |
| | 2,284,599 | | | Lamb Weston Holdings, Inc. | | | | | | | 144,957,807 | |
| | | | | | | | | | | | |
| | | | Health Care Equipment & Services - 10.8% | |
| | 778,660 | | | Amedisys, Inc.* | | | | | | | 201,672,940 | |
| | 3,197,849 | | | Encompass Health Corp. | | | | | | | 196,060,122 | |
| | 2,542,201 | | | Hill-Rom Holdings, Inc. | | | | | | | 231,518,245 | |
| | 3,192,399 | | | Integra LifeSciences Holdings Corp.* | | | | | | | 140,784,796 | |
| | 845,044 | | | LHC Group, Inc.* | | | | | | | 182,994,278 | |
| | 740,320 | | | Molina Healthcare, Inc.* | | | | | | | 138,047,471 | |
| | 2,757,811 | | | NuVasive, Inc.*(2) | | | | | | | 122,529,543 | |
| | 558,302 | | | Tandem Diabetes Care, Inc.* | | | | | | | 60,854,918 | |
| | 390,458 | | | Teleflex, Inc. | | | | | | | 124,255,449 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 1,398,717,762 | |
| | | | | | | | | | | | |
| | | | Insurance - 4.2% | |
| | 126,796 | | | Alleghany Corp. | | | | | | | 69,348,536 | |
| | 320,489 | | | Erie Indemnity Co. Class A | | | | | | | 74,632,273 | |
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 100.1% - (continued) | |
| | | | Insurance - 4.2% - (continued) | |
| | 2,143,274 | | | Fidelity National Financial, Inc. | | | | | | $ | 67,063,044 | |
| | 181,795 | | | Markel Corp.* | | | | | | | 169,578,376 | |
| | 99,951 | | | White Mountains Insurance Group Ltd. | | | | | | | 90,788,492 | |
| | 1,249,278 | | | WR Berkley Corp. | | | | | | | 75,106,593 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 546,517,314 | |
| | | | | | | | | | | | |
| | | | Materials - 2.6% | |
| | 1,007,558 | | | Ball Corp. | | | | | | | 89,672,662 | |
| | 7,857,103 | | | Element Solutions, Inc.* | | | | | | | 92,085,247 | |
| | 575,489 | | | Packaging Corp. of America | | | | | | | 65,887,736 | |
| | 2,521,502 | | | Silgan Holdings, Inc. | | | | | | | 86,865,744 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 334,511,389 | |
| | | | | | | | | | | | |
| | | | Media & Entertainment - 4.4% | |
| | 100,177 | | | Cable One, Inc. | | | | | | | 173,492,539 | |
| | 3,577,072 | | | Cargurus, Inc.* | | | | | | | 71,291,045 | |
| | 888,714 | | | Roku, Inc.* | | | | | | | 179,875,714 | |
| | 15,878,351 | | | Zynga, Inc. Class A* | | | | | | | 142,746,375 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 567,405,673 | |
| | | | | | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 7.4% | |
| | 2,475,313 | | | Apellis Pharmaceuticals, Inc.* | | | | | | | 78,962,485 | |
| | 2,749,199 | | | ChemoCentryx, Inc.* | | | | | | | 131,961,552 | |
| | 2,204,314 | | | Iovance Biotherapeutics, Inc.* | | | | | | | 78,649,923 | |
| | 408,339 | | | Kodiak Sciences, Inc.* | | | | | | | 37,081,265 | |
| | 64,619 | | | Mettler-Toledo International, Inc.* | | | | | | | 64,483,946 | |
| | 1,627,920 | | | PRA Health Sciences, Inc.* | | | | | | | 158,624,525 | |
| | 3,557,068 | | | PTC Therapeutics, Inc.*(2) | | | | | | | 185,643,379 | |
| | 1,308,366 | | | Reata Pharmaceuticals, Inc. Class A* | | | | | | | 152,699,396 | |
| | 1,070,535 | | | Sage Therapeutics, Inc.* | | | | | | | 78,555,858 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 966,662,329 | |
| | | | | | | | | | | | |
| | | | Real Estate - 4.8% | |
| | 2,403,737 | | | Douglas Emmett, Inc. REIT | | | | | | | 56,728,193 | |
| | 2,726,259 | | | Equity Commonwealth REIT | | | | | | | 72,027,763 | |
| | 610,327 | | | Life Storage, Inc. REIT | | | | | | | 69,668,827 | |
| | 373,986 | | | PS Business Parks, Inc. REIT | | | | | | | 42,645,623 | |
| | 2,817,745 | | | Redfin Corp.* | | | | | | | 117,697,209 | |
| | 2,695,333 | | | Rexford Industrial Realty, Inc. REIT | | | | | | | 125,225,171 | |
| | 5,272,470 | | | STORE Capital Corp. REIT | | | | | | | 135,502,479 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 619,495,265 | |
| | | | | | | | | | | | |
| | | | Retailing - 2.7% | |
| | 1,495,741 | | | CarMax, Inc.* | | | | | | | 129,291,852 | |
| | 1,801,161 | | | Etsy, Inc.* | | | | | | | 219,003,166 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 348,295,018 | |
| | | | | | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 6.1% | |
| | 2,735,257 | | | First Solar, Inc.* | | | | | | | 238,090,445 | |
| | 1,857,115 | | | MKS Instruments, Inc. | | | | | | | 201,292,695 | |
| | 619,618 | | | Monolithic Power Systems, Inc. | | | | | | | 198,029,913 | |
| | 1,487,857 | | | Silicon Laboratories, Inc.* | | | | | | | 152,445,828 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 789,858,881 | |
| | | | | | | | | | | | |
| | | | Software & Services - 10.3% | |
| | 931,039 | | | Aspen Technology, Inc.* | | | | | | | 102,237,393 | |
| | 1,148,166 | | | Black Knight, Inc.* | | | | | | | 100,981,200 | |
| | 1,809,127 | | | Blackbaud, Inc. | | | | | | | 89,262,326 | |
| | 7,798,088 | | | Genpact Ltd. | | | | | | | 268,020,284 | |
| | 1,499,544 | | | Guidewire Software, Inc.* | | | | | | | 144,121,174 | |
| | 273,859 | | | LiveRamp Holdings, Inc.* | | | | | | | 18,099,341 | |
| | 1,505,449 | | | Q2 Holdings, Inc.* | | | | | | | 137,357,167 | |
| | 1,339,244 | | | Science Applications International Corp. | | | | | | | 102,278,064 | |
| | 8,622,241 | | | Teradata Corp.*(2) | | | | | | | 158,390,567 | |
| | 1,729,394 | | | WEX, Inc.* | | | | 218,854,811 | |
| | | | | | | | | | | | |
| | | | | 1,339,602,327 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | |
| Shares or Principal Amount | | | | | Market Value† | |
| Common Stocks - 100.1% - (continued) | |
| | | | Technology Hardware & Equipment - 11.7% | |
| | 1,258,937 | | | CDW Corp. | | | $ | 154,345,676 | |
| | 1,498,879 | | | Coherent, Inc.*(2) | | | | 187,569,718 | |
| | 15,469,655 | | | CommScope Holding Co., Inc.*(2) | | | | 137,679,930 | |
| | 1,504,059 | | | F5 Networks, Inc.* | | | | 199,949,603 | |
| | 14,663,343 | | | Flex Ltd.* | | | | 207,486,303 | |
| | 6,200,098 | | | II-VI, Inc.*(1)(2) | | | | 281,918,456 | |
| | 2,762,739 | | | Lumentum Holdings, Inc.* | | | | 228,450,888 | |
| | 3,682,285 | | | National Instruments Corp. | | | | 115,181,875 | |
| | | | | | | | | | | | |
| | | | | 1,512,582,449 | |
| | | | | | | | | | | | |
| | | | Transportation - 1.9% | |
| | 324,564 | | | AMERCO | | | | 112,675,638 | |
| | 3,661,970 | | | Knight-Swift Transportation Holdings, Inc. | | | | 139,118,241 | |
| | | | | | | | | | | | |
| | | | | 251,793,879 | |
| | | | | | | | | | | | |
| | | | Utilities - 2.5% | |
| | 1,510,440 | | | Black Hills Corp. | | | | 85,581,530 | |
| | 1,907,713 | | | NiSource, Inc. | | | | 43,820,168 | |
| | 5,980,582 | | | UGI Corp. | | | | 193,412,022 | |
| | | | | | | | | | | | |
| | | | | 322,813,720 | |
| | | | | | | | | | | | |
| | | | Total Common Stocks
(cost $11,163,325,282) | | | $ | 12,980,392,801 | |
| | | | | | | | | | | | |
| Short-Term Investments - 0.7% | |
| | | | Repurchase Agreements - 0.0% | |
| | 824,405 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $824,409; collateralized by U.S. Treasury Note at 0.125%, maturing 07/15/2030, with a market value of $840,988. | | | $ | 824,405 | |
| | | | | | | | | | | | |
| | | | Securities Lending Collateral - 0.7% | |
| | 84,693,322 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3) | | | | 84,693,322 | |
| | 85,476 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3) | | | | 85,476 | |
| | | | | | | | | | | | |
| | | | | 84,778,798 | |
| | | | | | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $85,603,203) | | | $ | 85,603,203 | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $11,248,928,485) | | | 100.8 | % | | $ | 13,065,996,004 | |
| | | | Other Assets and Liabilities | | | (0.8 | )% | | | (97,835,692 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 12,968,160,312 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Affiliated company—The Fund owns greater than 5% of the outstanding voting securities of this issuer. |
| (3) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
| Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 650,288,690 | | | $ | 650,288,690 | | | $ | — | | | $ | — | |
Capital Goods | | | 1,348,024,822 | | | | 1,348,024,822 | | | | — | | | | — | |
Commercial & Professional Services | | | 545,963,355 | | | | 545,963,355 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 725,756,977 | | | | 725,756,977 | | | | — | | | | — | |
Consumer Services | | | 231,738,251 | | | | 231,738,251 | | | | — | | | | — | |
Diversified Financials | | | 172,697,426 | | | | 172,697,426 | | | | — | | | | — | |
Energy | | | 58,919,199 | | | | 58,919,199 | | | | — | | | | — | |
Food & Staples Retailing | | | 103,790,268 | | | | 103,790,268 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 144,957,807 | | | | 144,957,807 | | | | — | | | | — | |
Health Care Equipment & Services | | | 1,398,717,762 | | | | 1,398,717,762 | | | | — | | | | — | |
Insurance | | | 546,517,314 | | | | 546,517,314 | | | | — | | | | — | |
Materials | | | 334,511,389 | | | | 334,511,389 | | | | — | | | | — | |
Media & Entertainment | | | 567,405,673 | | | | 567,405,673 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 966,662,329 | | | | 966,662,329 | | | | — | | | | — | |
Real Estate | | | 619,495,265 | | | | 619,495,265 | | | | — | | | | — | |
Retailing | | | 348,295,018 | | | | 348,295,018 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 789,858,881 | | | | 789,858,881 | | | | — | | | | — | |
Software & Services | | | 1,339,602,327 | | | | 1,339,602,327 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 1,512,582,449 | | | | 1,512,582,449 | | | | — | | | | — | |
Transportation | | | 251,793,879 | | | | 251,793,879 | | | | — | | | | — | |
Utilities | | | 322,813,720 | | | | 322,813,720 | | | | — | | | | — | |
Short-Term Investments | | | 85,603,203 | | | | 84,778,798 | | | | 824,405 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 13,065,996,004 | | | $ | 13,065,171,599 | | | $ | 824,405 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford MidCap Value Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.4% | |
| | | | Automobiles & Components - 1.0% | |
| | 221,327 | | | Gentex Corp. | | $ | 6,124,118 | |
| | | | | | | | |
| | | | Banks - 8.1% | |
| | 90,745 | | | M&T Bank Corp. | | | 9,399,367 | |
| | 133,092 | | | South State Corp. | | | 8,171,849 | |
| | 441,224 | | | Sterling Bancorp | | | 5,903,577 | |
| | 307,326 | | | Synovus Financial Corp. | | | 7,990,476 | |
| | 225,095 | | | Western Alliance Bancorp | | | 9,273,914 | |
| | 237,016 | | | Zions Bancorp N.A | | | 7,648,506 | |
| | | | | | | | |
| | | | | | | 48,387,689 | |
| | | | | | | | |
| | | | Capital Goods - 14.9% | |
| | 315,390 | | | Colfax Corp.* | | | 8,575,454 | |
| | 76,965 | | | EnerSys | | | 5,510,694 | |
| | 103,068 | | | Fortune Brands Home & Security, Inc. | | | 8,335,109 | |
| | 367,720 | | | Ingersoll Rand, Inc.* | | | 12,848,137 | |
| | 243,945 | | | JELD-WEN Holding, Inc.* | | | 5,130,163 | |
| | 62,450 | | | John Bean Technologies Corp. | | | 5,243,926 | |
| | 48,051 | | | L3Harris Technologies, Inc. | | | 7,741,497 | |
| | 60,521 | | | Middleby Corp.* | | | 6,024,260 | |
| | 62,631 | | | Moog, Inc. Class A | | | 3,907,548 | |
| | 249,637 | | | Rexnord Corp. | | | 8,008,355 | |
| | 172,088 | | | SPX FLOW, Inc.* | | | 7,287,927 | |
| | 181,799 | | | Westinghouse Air Brake Technologies Corp. | | | 10,780,681 | |
| | | | | | | | |
| | | | | | | 89,393,751 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 1.6% | |
| | 187,321 | | | Clean Harbors, Inc.* | | | 9,922,393 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 6.5% | |
| | 122,124 | | | Carter’s, Inc. | | | 9,947,000 | |
| | 101,483 | | | Columbia Sportswear Co. | | | 7,569,617 | |
| | 81,650 | | | Leggett & Platt, Inc. | | | 3,407,254 | |
| | 115,927 | | | Lennar Corp. Class A | | | 8,141,553 | |
| | 418,978 | | | Steven Madden Ltd. | | | 10,059,662 | |
| | | | | | | | |
| | | | | | | 39,125,086 | |
| | | | | | | | |
| | | | Consumer Services - 1.6% | |
| | 202,076 | | | Wyndham Hotels & Resorts, Inc. | | | 9,398,555 | |
| | | | | | | | |
| | | | Diversified Financials - 2.8% | |
| | 607,842 | | | SLM Corp. | | | 5,586,068 | |
| | 232,820 | | | Voya Financial, Inc. | | | 11,159,063 | |
| | | | | | | | |
| | | | | | | 16,745,131 | |
| | | | | | | | |
| | | | Energy - 1.8% | |
| | 292,711 | | | Delek U.S. Holdings, Inc. | | | 2,944,673 | |
| | 243,104 | | | Diamondback Energy, Inc. | | | 6,310,980 | |
| | 183,906 | | | Viper Energy Partners L.P. | | | 1,289,181 | |
| | | | | | | | |
| | | | | | | 10,544,834 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.4% | |
| | 407,131 | | | U.S. Foods Holding Corp.* | | | 8,509,038 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 2.1% | |
| | 259,737 | | | Keurig Dr Pepper, Inc. | | | 6,986,925 | |
| | 66,533 | | | Post Holdings, Inc.* | | | 5,715,185 | |
| | | | | | | | |
| | | | | | | 12,702,110 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 11.6% | |
| | 162,114 | | | Acadia Healthcare Co., Inc.* | | | 5,779,364 | |
| | 237,834 | | | Centene Corp.* | | | 14,055,989 | |
| | 226,034 | | | Dentsply Sirona, Inc. | | | 10,666,545 | |
| | 155,508 | | | Encompass Health Corp. | | | 9,534,196 | |
| | 72,118 | | | Hill-Rom Holdings, Inc. | | | 6,567,786 | |
| | 88,107 | | | Hologic, Inc.* | | | 6,063,524 | |
| | 31,552 | | | Molina Healthcare, Inc.* | | | 5,883,501 | |
| | 83,983 | | | Zimmer Biomet Holdings, Inc. | | | 11,094,154 | |
| | | | | | | | |
| | | | | | | 69,645,059 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.4% - (continued) | |
| | | | Insurance - 10.1% | |
| | 10,399 | | | Alleghany Corp. | | $ | 5,687,525 | |
| | 107,801 | | | Arthur J Gallagher & Co. | | | 11,180,042 | |
| | 77,975 | | | Assurant, Inc. | | | 9,697,751 | |
| | 493,382 | | | CNO Financial Group, Inc. | | | 8,757,531 | |
| | 93,947 | | | Hanover Insurance Group, Inc. | | | 8,986,970 | |
| | 111,790 | | | Kemper Corp. | | | 6,892,971 | |
| | 471,566 | | | Lancashire Holdings Ltd. | | | 3,891,599 | |
| | 33,534 | | | RenaissanceRe Holdings Ltd. | | | 5,423,118 | |
| | | | | | | | |
| | | | | | | 60,517,507 | |
| | | | | | | | |
| | | | Materials - 8.0% | |
| | 163,400 | | | Buzzi Unicem S.p.A. | | | 3,535,615 | |
| | 120,334 | | | Celanese Corp. | | | 13,659,112 | |
| | 147,034 | | | Crown Holdings, Inc.* | | | 12,615,517 | |
| | 74,492 | | | FMC Corp. | | | 7,653,308 | |
| | 98,075 | | | Reliance Steel & Aluminum Co. | | | 10,689,194 | |
| | | | | | | | |
| | | | | | | 48,152,746 | |
| | | | | | | | |
| | | | Media & Entertainment - 1.8% | |
| | 41,500 | | | Electronic Arts, Inc.* | | | 4,972,945 | |
| | 461,419 | | | TEGNA, Inc. | | | 5,550,871 | |
| | | | | | | | |
| | | | | | | 10,523,816 | |
| | | | | | | | |
| | | | Real Estate - 8.6% | |
| | 178,264 | | | American Campus Communities, Inc. REIT | | | 6,677,769 | |
| | 175,836 | | | Americold Realty Trust REIT | | | 6,370,538 | |
| | 69,799 | | | Boston Properties, Inc. REIT | | | 5,054,146 | |
| | 143,636 | | | First Industrial Realty Trust, Inc. REIT | | | 5,718,149 | |
| | 326,408 | | | Gaming and Leisure Properties, Inc. REIT | | | 11,864,931 | |
| | 177,860 | | | Highwoods Properties, Inc. REIT | | | 5,294,892 | |
| | 330,998 | | | Host Hotels & Resorts, Inc. REIT | | | 3,468,859 | |
| | 63,631 | | | Life Storage, Inc. REIT | | | 7,263,479 | |
| | | | | | | | |
| | | | | | | 51,712,763 | |
| | | | | | | | |
| | | | Retailing - 1.4% | |
| | 95,365 | | | Dollar Tree, Inc.* | | | 8,613,367 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 1.5% | |
| | 81,299 | | | MKS Instruments, Inc. | | | 8,811,999 | |
| | | | | | | | |
| | | | Software & Services - 3.1% | |
| | 121,911 | | | Amdocs Ltd. | | | 6,873,342 | |
| | 78,111 | | | Leidos Holdings, Inc. | | | 6,483,213 | |
| | 83,897 | | | SS&C Technologies Holdings, Inc. | | | 4,968,380 | |
| | | | | | | | |
| | | | | | | 18,324,935 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 6.6% | |
| | 139,773 | | | Ciena Corp.* | | | 5,505,659 | |
| | 42,322 | | | Coherent, Inc.* | | | 5,296,175 | |
| | 53,528 | | | F5 Networks, Inc.* | | | 7,116,012 | |
| | 161,865 | | | Lumentum Holdings, Inc.* | | | 13,384,617 | |
| | 26,296 | | | Rogers Corp.* | | | 3,187,601 | |
| | 129,148 | | | Western Digital Corp. | | | 4,872,754 | |
| | | | | | | | |
| | | | | | | 39,362,818 | |
| | | | | | | | |
| | | | Utilities - 4.9% | |
| | 144,147 | | | Alliant Energy Corp. | | | 7,968,446 | |
| | 140,293 | | | Evergy, Inc. | | | 7,744,173 | |
| | 103,919 | | | Portland General Electric Co. | | | 4,084,017 | |
| | 77,699 | | | Sempra Energy | | | 9,740,347 | |
| | | | | | | | |
| | | | | | | 29,536,983 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $580,294,290) | | $ | 596,054,698 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford MidCap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 0.2% | |
| | | | Repurchase Agreements - 0.2% | |
| | 1,161,266 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,161,272; collateralized by U.S. Treasury Notes at 2.875%, maturing 05/15/2028, with a market value of $1,184,525. | | $ | 1,161,266 | |
| | | | | | | | |
| | | | Total Short-Term Investments
(cost $1,161,266) | | $ | 1,161,266 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $581,455,556) | | | 99.6 | % | | $ | 597,215,964 | |
| | | | Other Assets and Liabilities | | | 0.4 | % | | | 2,561,818 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 599,777,782 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 6,124,118 | | | $ | 6,124,118 | | | $ | — | | | $ | — | |
Banks | | | 48,387,689 | | | | 48,387,689 | | | | — | | | | — | |
Capital Goods | | | 89,393,751 | | | | 89,393,751 | | | | — | | | | — | |
Commercial & Professional Services | | | 9,922,393 | | | | 9,922,393 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 39,125,086 | | | | 39,125,086 | | | | — | | | | — | |
Consumer Services | | | 9,398,555 | | | | 9,398,555 | | | | — | | | | — | |
Diversified Financials | | | 16,745,131 | | | | 16,745,131 | | | | — | | | | — | |
Energy | | | 10,544,834 | | | | 10,544,834 | | | | — | | | | — | |
Food & Staples Retailing | | | 8,509,038 | | | | 8,509,038 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 12,702,110 | | | | 12,702,110 | | | | — | | | | — | |
Health Care Equipment & Services | | | 69,645,059 | | | | 69,645,059 | | | | — | | | | — | |
Insurance | | | 60,517,507 | | | | 56,625,908 | | | | 3,891,599 | | | | — | |
Materials | | | 48,152,746 | | | | 44,617,131 | | | | 3,535,615 | | | | — | |
Media & Entertainment | | | 10,523,816 | | | | 10,523,816 | | | | — | | | | — | |
Real Estate | | | 51,712,763 | | | | 51,712,763 | | | | — | | | | — | |
Retailing | | | 8,613,367 | | | | 8,613,367 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 8,811,999 | | | | 8,811,999 | | | | — | | | | — | |
Software & Services | | | 18,324,935 | | | | 18,324,935 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 39,362,818 | | | | 39,362,818 | | | | — | | | | — | |
Utilities | | | 29,536,983 | | | | 29,536,983 | | | | — | | | | — | |
Short-Term Investments | | | 1,161,266 | | | | — | | | | 1,161,266 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 597,215,964 | | | $ | 588,627,484 | | | $ | 8,588,480 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Quality Value Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% | |
| | | | Banks - 12.0% | |
| | 270,210 | | | Bank of America Corp. | | $ | 6,403,977 | |
| | 32,255 | | | Bank of Nova Scotia | | | 1,340,518 | |
| | 45,924 | | | Citigroup, Inc. | | | 1,902,172 | |
| | 73,791 | | | JP Morgan Chase & Co. | | | 7,234,470 | |
| | 30,438 | | | PNC Financial Services Group, Inc. | | | 3,405,403 | |
| | | | | | | | |
| | | | | | | 20,286,540 | |
| | | | | | | | |
| | | | Capital Goods - 11.4% | |
| | 13,460 | | | Deere & Co. | | | 3,040,749 | |
| | 26,064 | | | Eaton Corp. plc | | | 2,705,182 | |
| | 18,311 | | | Honeywell International, Inc. | | | 3,020,399 | |
| | 80,479 | | | Johnson Controls International plc | | | 3,397,019 | |
| | 5,247 | | | Lockheed Martin Corp. | | | 1,837,132 | |
| | 59,600 | | | Raytheon Technologies Corp. | | | 3,237,472 | |
| | 36,039 | | | Westinghouse Air Brake Technologies Corp. | | | 2,137,113 | |
| | | | | | | | |
| | | | | | | 19,375,066 | |
| | | | | | | | |
| | | | Consumer Services - 2.7% | |
| | 12,878 | | | Hilton Worldwide Holdings, Inc. | | | 1,130,817 | |
| | 15,931 | | | McDonald’s Corp. | | | 3,393,303 | |
| | | | | | | | |
| | | | | | | 4,524,120 | |
| | | | | | | | |
| | | | Diversified Financials - 2.0% | |
| | 30,149 | | | American Express Co. | | | 2,750,795 | |
| | 1,080 | | | BlackRock, Inc. | | | 647,147 | |
| | | | | | | | |
| | | | | | | 3,397,942 | |
| | | | | | | | |
| | | | Energy - 4.6% | |
| | 49,499 | | | Chevron Corp. | | | 3,440,180 | |
| | 31,823 | | | EOG Resources, Inc. | | | 1,089,620 | |
| | 45,860 | | | Exxon Mobil Corp. | | | 1,495,953 | |
| | 58,314 | | | Total SE ADR | | | 1,768,664 | |
| | | | | | | | |
| | | | | | | 7,794,417 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.9% | |
| | 35,083 | | | Kroger Co. | | | 1,130,024 | |
| | 38,939 | | | Sysco Corp. | | | 2,153,716 | |
| | | | | | | | |
| | | | | | | 3,283,740 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 5.3% | |
| | 25,984 | | | General Mills, Inc. | | | 1,536,174 | |
| | 34,133 | | | Kellogg Co. | | | 2,146,624 | |
| | 43,670 | | | Mondelez International, Inc. Class A | | | 2,319,751 | |
| | 42,436 | | | Philip Morris International, Inc. | | | 3,013,805 | |
| | | | | | | | |
| | | | | | | 9,016,354 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 7.5% | |
| | 10,575 | | | Becton Dickinson and Co. | | | 2,444,200 | |
| | 18,037 | | | Hill-Rom Holdings, Inc. | | | 1,642,630 | |
| | 40,391 | | | Koninklijke Philips N.V. ADR* | | | 1,878,181 | |
| | 40,366 | | | Medtronic plc | | | 4,059,609 | |
| | 8,550 | | | UnitedHealth Group, Inc. | | | 2,608,947 | |
| | | | | | | | |
| | | | | | | 12,633,567 | |
| | | | | | | | |
| | | | Insurance - 5.8% | |
| | 50,268 | | | American International Group, Inc. | | | 1,582,939 | |
| | 21,556 | | | Chubb Ltd. | | | 2,800,340 | |
| | 21,228 | | | Marsh & McLennan Cos., Inc. | | | 2,196,249 | |
| | 39,605 | | | Principal Financial Group, Inc. | | | 1,553,308 | |
| | 27,551 | | | Prudential Financial, Inc. | | | 1,763,815 | |
| | | | | | | | |
| | | | | | | 9,896,651 | |
| | | | | | | | |
| | | | Materials - 4.3% | |
| | 27,233 | | | Celanese Corp. | | | 3,091,218 | |
| | 17,931 | | | FMC Corp. | | | 1,842,231 | |
| | 18,502 | | | PPG Industries, Inc. | | | 2,400,079 | |
| | | | | | | | |
| | | | | | | 7,333,528 | |
| | | | | | | | |
| | | | Media & Entertainment - 2.3% | |
| | 92,267 | | | Comcast Corp. Class A | | | 3,897,358 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.0% - (continued) | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 6.7% | |
| | 45,116 | | | AstraZeneca plc ADR | | $ | 2,263,018 | |
| | 31,361 | | | Merck & Co., Inc. | | | 2,358,661 | |
| | 22,187 | | | Novartis AG ADR | | | 1,732,361 | |
| | 139,271 | | | Pfizer, Inc. | | | 4,941,335 | |
| | | | | | | | |
| | | | | | | 11,295,375 | |
| | | | | | | | |
| | | | Real Estate - 4.3% | |
| | 7,078 | | | American Tower Corp. REIT | | | 1,625,463 | |
| | 141,437 | | | Host Hotels & Resorts, Inc. REIT | | | 1,482,260 | |
| | 8,543 | | | Public Storage REIT | | | 1,956,945 | |
| | 99,111 | | | VICI Properties, Inc. REIT | | | 2,274,597 | |
| | | | | | | | |
| | | | | | | 7,339,265 | |
| | | | | | | | |
| | | | Retailing - 5.1% | |
| | 571,800 | | | Allstar Co.(1)(2) | | | 480,312 | |
| | 19,074 | | | Lowe’s Cos., Inc. | | | 3,015,599 | |
| | 19,920 | | | Target Corp. | | | 3,032,223 | |
| | 40,713 | | | TJX Cos., Inc. | | | 2,068,220 | |
| | | | | | | | |
| | | | | | | 8,596,354 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 7.5% | |
| | 9,335 | | | Broadcom, Inc. | | | 3,263,796 | |
| | 68,656 | | | Intel Corp. | | | 3,040,088 | |
| | 11,951 | | | KLA Corp. | | | 2,356,498 | |
| | 14,905 | | | QUALCOMM, Inc. | | | 1,838,681 | |
| | 15,458 | | | Texas Instruments, Inc. | | | 2,235,072 | |
| | | | | | | | |
| | | | | | | 12,734,135 | |
| | | | | | | | |
| | | | Software & Services - 2.5% | |
| | 11,359 | | | Accenture plc Class A | | | 2,463,881 | |
| | 15,628 | | | International Business Machines Corp. | | | 1,745,022 | |
| | | | | | | | |
| | | | | | | 4,208,903 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 1.5% | |
| | 70,526 | | | Cisco Systems, Inc. | | | 2,531,883 | |
| | | | | | | | |
| | | | Telecommunication Services - 3.7% | |
| | 111,193 | | | Verizon Communications, Inc. | | | 6,336,889 | |
| | | | | | | | |
| | | | Transportation - 1.2% | |
| | 16,353 | | | J.B. Hunt Transport Services, Inc. | | | 1,990,814 | |
| | | | | | | | |
| | | | Utilities - 6.7% | |
| | 44,834 | | | Alliant Energy Corp. | | | 2,478,423 | |
| | 41,487 | | | Avangrid, Inc. | | | 2,046,969 | |
| | 28,867 | | | Dominion Energy, Inc. | | | 2,319,175 | |
| | 27,294 | | | Eversource Energy | | | 2,381,947 | |
| | 16,997 | | | Sempra Energy | | | 2,130,744 | |
| | | | | | | | |
| | | | | | | 11,357,258 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $163,254,463) | | $ | 167,830,159 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 0.9% | |
| | | | Repurchase Agreements - 0.9% | |
| | 1,505,191 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,505,199; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $1,535,366. | | $ | 1,505,191 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $1,505,191) | | $ | 1,505,191 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $164,759,654) | | | 99.9 | % | | $ | 169,335,350 | |
| | | | Other Assets and Liabilities | | | 0.1 | % | | | 221,886 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 169,557,236 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Quality Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At |
| | October 31, 2020, the aggregate fair value of this security was $480,312, which represented 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and those prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (2) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $480,312 or 0.3% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Total Cost | | | Market Value | |
| | 08/2011 | | | Allstar Co. | | | 571,800 | | | $ | 248,744 | | | $ | 480,312 | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 20,286,540 | | | $ | 20,286,540 | | | $ | — | | | $ | — | |
Capital Goods | | | 19,375,066 | | | | 19,375,066 | | | | — | | | | — | |
Consumer Services | | | 4,524,120 | | | | 4,524,120 | | | | — | | | | — | |
Diversified Financials | | | 3,397,942 | | | | 3,397,942 | | | | — | | | | — | |
Energy | | | 7,794,417 | | | | 7,794,417 | | | | — | | | | — | |
Food & Staples Retailing | | | 3,283,740 | | | | 3,283,740 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 9,016,354 | | | | 9,016,354 | | | | — | | | | — | |
Health Care Equipment & Services | | | 12,633,567 | | | | 12,633,567 | | | | — | | | | — | |
Insurance | | | 9,896,651 | | | | 9,896,651 | | | | — | | | | — | |
Materials | | | 7,333,528 | | | | 7,333,528 | | | | — | | | | — | |
Media & Entertainment | | | 3,897,358 | | | | 3,897,358 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 11,295,375 | | | | 11,295,375 | | | | — | | | | — | |
Real Estate | | | 7,339,265 | | | | 7,339,265 | | | | — | | | | — | |
Retailing | | | 8,596,354 | | | | 8,116,042 | | | | 480,312 | | | | — | |
Semiconductors & Semiconductor Equipment | | | 12,734,135 | | | | 12,734,135 | | | | — | | | | — | |
Software & Services | | | 4,208,903 | | | | 4,208,903 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 2,531,883 | | | | 2,531,883 | | | | — | | | | — | |
Telecommunication Services | | | 6,336,889 | | | | 6,336,889 | | | | — | | | | — | |
Transportation | | | 1,990,814 | | | | 1,990,814 | | | | — | | | | — | |
Utilities | | | 11,357,258 | | | | 11,357,258 | | | | — | | | | — | |
Short-Term Investments | | | 1,505,191 | | | | — | | | | 1,505,191 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 169,335,350 | | | $ | 167,349,847 | | | $ | 1,985,503 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, investments valued at $131,514 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.5% | |
| | | | Automobiles & Components - 2.2% | |
| | 72,212 | | | Fox Factory Holding Corp.* | | $ | 6,071,585 | |
| | 115,624 | | | Patrick Industries, Inc. | | | 6,446,038 | |
| | 60,653 | | | Thor Industries, Inc. | | | 5,130,031 | |
| | | | | | | | |
| | | | | | | 17,647,654 | |
| | | | | | | | |
| | | | Banks - 2.7% | |
| | 495,591 | | | MGIC Investment Corp. | | | 4,985,645 | |
| | 272,924 | | | Sterling Bancorp | | | 3,651,723 | |
| | 140,580 | | | Synovus Financial Corp. | | | 3,655,080 | |
| | 150,660 | | | Triumph Bancorp, Inc.* | | | 6,347,306 | |
| | 79,446 | | | Western Alliance Bancorp | | | 3,273,175 | |
| | | | | | | | |
| | | | | | | 21,912,929 | |
| | | | | | | | |
| | | | Capital Goods - 8.7% | |
| | 132,692 | | | Aerojet Rocketdyne Holdings, Inc.* | | | 4,301,875 | |
| | 87,991 | | | Altra Industrial Motion Corp. | | | 3,762,495 | |
| | 89,565 | | | Applied Industrial Technologies, Inc. | | | 5,467,943 | |
| | 41,965 | | | Armstrong World Industries, Inc. | | | 2,513,703 | |
| | 36,458 | | | Axon Enterprise, Inc.* | | | 3,605,696 | |
| | 112,659 | | | BWX Technologies, Inc. | | | 6,197,372 | |
| | 40,075 | | | Curtiss-Wright Corp. | | | 3,380,727 | |
| | 62,647 | | | EnerSys | | | 4,485,525 | |
| | 88,839 | | | ITT, Inc. | | | 5,375,648 | |
| | 74,710 | | | John Bean Technologies Corp. | | | 6,273,399 | |
| | 55,071 | | | Mercury Systems, Inc.* | | | 3,793,290 | |
| | 179,219 | | | Rexnord Corp. | | | 5,749,346 | |
| | 140,101 | | | SPX Corp.* | | | 5,938,881 | |
| | 113,669 | | | SPX FLOW, Inc.* | | | 4,813,882 | |
| | 57,864 | | | Trex Co., Inc.* | | | 4,023,863 | |
| | | | | | | | |
| | | | | | | 69,683,645 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 3.7% | |
| | 92,162 | | | ASGN, Inc.* | | | 6,145,362 | |
| | 73,328 | | | Clean Harbors, Inc.* | | | 3,884,184 | |
| | 84,032 | | | Exponent, Inc. | | | 5,847,787 | |
| | 69,491 | | | Insperity, Inc. | | | 5,321,621 | |
| | 79,325 | | | Tetra Tech, Inc. | | | 8,004,686 | |
| | | | | | | | |
| | | | | | | 29,203,640 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 6.7% | |
| | 56,030 | | | American Outdoor Brands, Inc.* | | | 847,734 | |
| | 45,350 | | | Carter’s, Inc. | | | 3,693,757 | |
| | 37,848 | | | Deckers Outdoor Corp.* | | | 9,589,548 | |
| | 104,581 | | | PVH Corp. | | | 6,096,026 | |
| | 257,589 | | | Smith & Wesson Brands, Inc. | | | 4,273,402 | |
| | 68,774 | | | TopBuild Corp.* | | | 10,536,865 | |
| | 464,344 | | | Under Armour, Inc. Class C* | | | 5,678,927 | |
| | 203,026 | | | Wolverine World Wide, Inc. | | | 5,414,703 | |
| | 143,779 | | | YETI Holdings, Inc.* | | | 7,114,185 | |
| | | | | | | | |
| | | | | | | 53,245,147 | |
| | | | | | | | |
| | | | Consumer Services - 3.4% | |
| | 50,142 | | | Churchill Downs, Inc. | | | 7,478,680 | |
| | 60,773 | | | Dunkin’ Brands Group, Inc. | | | 6,059,676 | |
| | 150,790 | | | Penn National Gaming, Inc.* | | | 8,139,644 | |
| | 46,313 | | | Wingstop, Inc. | | | 5,387,591 | |
| | | | | | | | |
| | | | | | | 27,065,591 | |
| | | | | | | | |
| | | | Diversified Financials - 2.0% | |
| | 130,775 | | | OneMain Holdings, Inc. | | | 4,562,740 | |
| | 532,482 | | | SLM Corp. | | | 4,893,509 | |
| | 81,800 | | | StepStone Group, Inc. Class A* | | | 2,103,078 | |
| | 78,930 | | | Stifel Financial Corp. | | | 4,614,248 | |
| | | | | | | | |
| | | | | | | 16,173,575 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 0.7% | |
| | 177,665 | | | Performance Food Group Co.* | | | 5,971,321 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.5% - (continued) | |
| | | | Food, Beverage & Tobacco - 2.1% | |
| | 71,712 | | | Freshpet, Inc.* | | $ | 8,211,024 | |
| | 393,003 | | | Hostess Brands, Inc.* | | | 4,967,558 | |
| | 203,382 | | | Simply Good Foods Co.* | | | 3,823,581 | |
| | | | | | | | |
| | | | | | | 17,002,163 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 12.6% | |
| | 44,592 | | | Addus HomeCare Corp.* | | | 4,350,841 | |
| | 20,388 | | | Amedisys, Inc.* | | | 5,280,492 | |
| | 96,713 | | | AtriCure, Inc.* | | | 3,342,401 | |
| | 94,855 | | | Cardiovascular Systems, Inc.* | | | 3,381,581 | |
| | 62,855 | | | Glaukos Corp.* | | | 3,514,852 | |
| | 124,071 | | | Globus Medical, Inc. Class A* | | | 6,466,581 | |
| | 132,794 | | | Health Catalyst, Inc.*(1) | | | 4,578,737 | |
| | 184,012 | | | HMS Holdings Corp.* | | | 4,898,400 | |
| | 11,710 | | | ICU Medical, Inc.* | | | 2,081,921 | |
| | 84,418 | | | Integer Holdings Corp.* | | | 4,934,232 | |
| | 103,208 | | | Integra LifeSciences Holdings Corp.* | | | 4,551,473 | |
| | 28,245 | | | iRhythm Technologies, Inc.* | | | 5,972,405 | |
| | 40,731 | | | LHC Group, Inc.* | | | 8,820,298 | |
| | 128,975 | | | Omnicell, Inc.* | | | 11,162,786 | |
| | 205,944 | | | OraSure Technologies, Inc.* | | | 3,076,803 | |
| | 71,165 | | | Providence Service Corp.* | | | 8,365,446 | |
| | 476,746 | | | R1 RCM, Inc.* | | | 8,543,288 | |
| | 68,580 | | | Tandem Diabetes Care, Inc.* | | | 7,475,220 | |
| | | | | | | | |
| | | | | | | 100,797,757 | |
| | | | | | | | |
| | | | Household & Personal Products - 0.5% | |
| | 218,352 | | | BellRing Brands, Inc. Class A* | | | 3,993,658 | |
| | | | | | | | |
| | | | Insurance - 1.2% | |
| | 126,176 | | | James River Group Holdings Ltd. | | | 5,896,204 | |
| | 66,239 | | | Kemper Corp. | | | 4,084,297 | |
| | | | | | | | |
| | | | | | | 9,980,501 | |
| | | | | | | | |
| | | | Materials - 3.0% | |
| | 203,201 | | | Axalta Coating Systems Ltd.* | | | 5,102,377 | |
| | 123,663 | | | Boise Cascade Co. | | | 4,746,186 | |
| | 313,772 | | | Graphic Packaging Holding Co. | | | 4,170,030 | |
| | 71,563 | | | Ingevity Corp.* | | | 3,927,377 | |
| | 201,357 | | | Louisiana-Pacific Corp. | | | 5,754,783 | |
| | | | | | | | |
| | | | | | | 23,700,753 | |
| | | | | | | | |
| | | | Media & Entertainment - 1.2% | |
| | 101,853 | | | Cardlytics, Inc.*(1) | | | 7,518,789 | |
| | 99,311 | | | Cargurus, Inc.* | | | 1,979,268 | |
| | | | | | | | |
| | | | | | | 9,498,057 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 20.6% | |
| | 298,613 | | | Adverum Biotechnologies, Inc.* | | | 3,257,868 | |
| | 559,343 | | | Akebia Therapeutics, Inc.* | | | 1,241,741 | |
| | 15,100 | | | Akero Therapeutics, Inc.* | | | 400,905 | |
| | 40,400 | | | Aligos Therapeutics, Inc.* | | | 603,576 | |
| | 60,528 | | | Allakos, Inc.*(1) | | | 5,758,029 | |
| | 39,400 | | | ALX Oncology Holdings, Inc.*(1) | | | 1,556,694 | |
| | 415,958 | | | Amicus Therapeutics, Inc.* | | | 7,416,531 | |
| | 160,312 | | | Apellis Pharmaceuticals, Inc.* | | | 5,113,953 | |
| | 32,455 | | | Arena Pharmaceuticals, Inc.* | | | 2,782,043 | |
| | 82,909 | | | Arrowhead Pharmaceuticals, Inc.* | | | 4,750,686 | |
| | 75,384 | | | Biohaven Pharmaceutical Holding Co., Ltd.* | | | 5,839,245 | |
| | 98,532 | | | ChemoCentryx, Inc.* | | | 4,729,536 | |
| | 147,271 | | | Constellation Pharmaceuticals, Inc.* | | | 2,889,457 | |
| | 232,243 | | | Dicerna Pharmaceuticals, Inc.* | | | 4,874,780 | |
| | 63,200 | | | Dyne Therapeutics, Inc.* | | | 1,306,976 | |
| | 38,780 | | | Emergent BioSolutions, Inc.* | | | 3,489,037 | |
| | 278,864 | | | Heron Therapeutics, Inc.* | | | 4,548,272 | |
| | 156,960 | | | Homology Medicines, Inc.* | | | 1,659,067 | |
| | 524,020 | | | ImmunoGen, Inc.* | | | 2,955,473 | |
| | 218,036 | | | Karyopharm Therapeutics, Inc.* | | | 3,231,293 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.5% - (continued) | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 20.6% - (continued) | |
| | 68,042 | | | Kodiak Sciences, Inc.* | | $ | 6,178,894 | |
| | 118,925 | | | Kura Oncology, Inc.* | | | 3,716,406 | |
| | 59,693 | | | Kymera Therapeutics, Inc.* | | | 2,148,351 | |
| | 41,447 | | | Madrigal Pharmaceuticals, Inc.* | | | 5,274,131 | |
| | 225,837 | | | Mersana Therapeutics, Inc.* | | | 4,069,583 | |
| | 45,865 | | | Mirati Therapeutics, Inc.* | | | 9,959,126 | |
| | 114,241 | | | NanoString Technologies, Inc.* | | | 4,186,933 | |
| | 30,635 | | | Novavax, Inc.*(1) | | | 2,472,551 | |
| | 70,527 | | | Pacira BioSciences, Inc.* | | | 3,688,562 | |
| | 107,067 | | | PTC Therapeutics, Inc.* | | | 5,587,827 | |
| | 282,753 | | | Radius Health, Inc.* | | | 3,791,718 | |
| | 108,407 | | | RAPT Therapeutics, Inc.* | | | 3,115,617 | |
| | 20,748 | | | Reata Pharmaceuticals, Inc. Class A* | | | 2,421,499 | |
| | 24,489 | | | Repligen Corp.* | | | 4,079,133 | |
| | 172,862 | | | Revance Therapeutics, Inc.* | | | 4,473,668 | |
| | 143,288 | | | Rhythm Pharmaceuticals, Inc.* | | | 3,033,407 | |
| | 192,634 | | | TG Therapeutics, Inc.* | | | 4,867,861 | |
| | 232,617 | | | Theravance Biopharma, Inc.* | | | 4,398,787 | |
| | 49,868 | | | Turning Point Therapeutics, Inc.* | | | 4,597,331 | |
| | 50,599 | | | Ultragenyx Pharmaceutical, Inc.* | | | 5,085,199 | |
| | 144,682 | | | Veracyte, Inc.* | | | 5,014,678 | |
| | 101,400 | | | Y-mAbs Therapeutics, Inc.* | | | 4,333,836 | |
| | | | | | | | |
| | | | | | | 164,900,260 | |
| | | | | | | | |
| | | | Real Estate - 2.8% | |
| | 230,155 | | | Columbia Property Trust, Inc. REIT | | | 2,435,040 | |
| | 35,665 | | | Coresite Realty Corp. REIT | | | 4,256,974 | |
| | 142,368 | | | Corporate Office Properties Trust REIT | | | 3,193,314 | |
| | 232,381 | | | Essential Properties Realty Trust, Inc. REIT | | | 3,838,934 | |
| | 385,139 | | | Independence Realty Trust, Inc. REIT | | | 4,679,439 | |
| | 35,293 | | | PS Business Parks, Inc. REIT | | | 4,024,461 | |
| | | | | | | | |
| | | | | | | 22,428,162 | |
| | | | | | | | |
| | | | Retailing - 2.8% | |
| | 91,656 | | | Floor & Decor Holdings, Inc. Class A* | | | 6,690,888 | |
| | 163,192 | | | Foot Locker, Inc. | | | 6,018,521 | |
| | 4,700 | | | Leslie’s, Inc.* | | | 103,259 | |
| | 18,661 | | | Lithia Motors, Inc. Class A | | | 4,284,006 | |
| | 61,624 | | | Shutterstock, Inc. | | | 4,033,291 | |
| | 6,822 | | | Stamps.com, Inc.* | | | 1,522,943 | |
| | | | | | | | |
| | | | | | | 22,652,908 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 4.6% | |
| | 191,121 | | | Axcelis Technologies, Inc.* | | | 4,218,041 | |
| | 72,094 | | | Cirrus Logic, Inc.* | | | 4,965,114 | |
| | 199,829 | | | Cohu, Inc. | | | 4,342,284 | |
| | 66,137 | | | First Solar, Inc.* | | | 5,756,895 | |
| | 196,359 | | | FormFactor, Inc.* | | | 5,566,778 | |
| | 104,581 | | | Power Integrations, Inc. | | | 6,296,822 | |
| | 72,132 | | | Synaptics, Inc.* | | | 5,530,360 | |
| | | | | | | | |
| | | | | | | 36,676,294 | |
| | | | | | | | |
| | | | Software & Services - 15.2% | |
| | 94,719 | | | Alarm.com Holdings, Inc.* | | | 5,524,959 | |
| | 88,802 | | | Blackbaud, Inc. | | | 4,381,491 | |
| | 29,403 | | | CACI International, Inc. Class A* | | | 6,131,408 | |
| | 109,774 | | | Digital Turbine, Inc.* | | | 3,146,123 | |
| | 42,802 | | | Everbridge, Inc.* | | | 4,480,941 | |
| | 86,145 | | | ExlService Holdings, Inc.* | | | 6,524,622 | |
| | 51,968 | | | Five9, Inc.* | | | 7,884,585 | |
| | 105,757 | | | LiveRamp Holdings, Inc.* | | | 6,989,480 | |
| | 55,127 | | | Manhattan Associates, Inc.* | | | 4,713,359 | |
| | 176,361 | | | Medallia, Inc.* | | | 5,017,470 | |
| | 135,995 | | | Mimecast Ltd.* | | | 5,196,369 | |
| | 23,601 | | | Paylocity Holding Corp.* | | | 4,378,458 | |
| | 37,933 | | | Pegasystems, Inc. | | | 4,395,676 | |
| | 158,631 | | | Perficient, Inc.* | | | 6,211,990 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 99.5% - (continued) | |
| | | | Software & Services - 15.2% - (continued) | |
| | 78,826 | | | Q2 Holdings, Inc.* | | $ | 7,192,084 | |
| | 123,244 | | | Rapid7, Inc.* | | | 7,632,501 | |
| | 168,719 | | | Repay Holdings Corp.* | | | 3,801,239 | |
| | 70,682 | | | Science Applications International Corp. | | | 5,397,984 | |
| | 111,702 | | | Sprout Social, Inc. Class A* | | | 4,881,377 | |
| | 294,161 | | | SVMK, Inc.* | | | 6,156,790 | |
| | 48,188 | | | Varonis Systems, Inc.* | | | 5,569,087 | |
| | 584,650 | | | Verra Mobility Corp.*(1) | | | 5,618,487 | |
| | | | | | | | |
| | | | | | | 121,226,480 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.0% | |
| | 164,992 | | | CTS Corp. | | | 4,560,379 | |
| | 96,466 | | | Insight Enterprises, Inc.* | | | 5,146,461 | |
| | 76,442 | | | Lumentum Holdings, Inc.* | | | 6,320,989 | |
| | | | | | | | |
| | | | | | | 16,027,829 | |
| | | | | | | | |
| | | | Telecommunication Services - 0.4% | |
| | 18,298 | | | Bandwidth, Inc. Class A* | | | 2,934,176 | |
| | | | | | | | |
| | | | Transportation - 0.4% | | | |
| | 215,476 | | | Marten Transport Ltd. | | | 3,306,479 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $623,014,762) | | $ | 796,028,979 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 1.6% | |
| | | | Repurchase Agreements - 0.3% | |
| | 2,555,212 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $2,555,225; collateralized by U.S. Treasury Notes at 0.750%, maturing 07/15/2028, with a market value of $2,606,384 | | $ | 2,555,212 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.3% | |
| | 10,149,792 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2) | | | 10,149,792 | |
| | 10,244 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(2) | | | 10,244 | |
| | | | | | | | |
| | | | | | | 10,160,036 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $12,715,248) | | $ | 12,715,248 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $635,730,010) | | | 101.1 | % | | $ | 808,744,227 | |
| | | | Other Assets and Liabilities | | | (1.1 | )% | | | (8,723,276 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 800,020,951 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Cap Growth Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 17,647,654 | | | $ | 17,647,654 | | | $ | — | | | $ | — | |
Banks | | | 21,912,929 | | | | 21,912,929 | | | | — | | | | — | |
Capital Goods | | | 69,683,645 | | | | 69,683,645 | | | | — | | | | — | |
Commercial & Professional Services | | | 29,203,640 | | | | 29,203,640 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 53,245,147 | | | | 53,245,147 | | | | — | | | | — | |
Consumer Services | | | 27,065,591 | | | | 27,065,591 | | | | — | | | | — | |
Diversified Financials | | | 16,173,575 | | | | 16,173,575 | | | | — | | | | — | |
Food & Staples Retailing | | | 5,971,321 | | | | 5,971,321 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 17,002,163 | | | | 17,002,163 | | | | — | | | | — | |
Health Care Equipment & Services | | | 100,797,757 | | | | 100,797,757 | | | | — | | | | — | |
Household & Personal Products | | | 3,993,658 | | | | 3,993,658 | | | | — | | | | — | |
Insurance | | | 9,980,501 | | | | 9,980,501 | | | | — | | | | — | |
Materials | | | 23,700,753 | | | | 23,700,753 | | | | — | | | | — | |
Media & Entertainment | | | 9,498,057 | | | | 9,498,057 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 164,900,260 | | | | 164,900,260 | | | | — | | | | — | |
Real Estate | | | 22,428,162 | | | | 22,428,162 | | | | — | | | | — | |
Retailing | | | 22,652,908 | | | | 22,652,908 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 36,676,294 | | | | 36,676,294 | | | | — | | | | — | |
Software & Services | | | 121,226,480 | | | | 121,226,480 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 16,027,829 | | | | 16,027,829 | | | | — | | | | — | |
Telecommunication Services | | | 2,934,176 | | | | 2,934,176 | | | | — | | | | — | |
Transportation | | | 3,306,479 | | | | 3,306,479 | | | | — | | | | — | |
Short-Term Investments | | | 12,715,248 | | | | 10,160,036 | | | | 2,555,212 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 808,744,227 | | | $ | 806,189,015 | | | $ | 2,555,212 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Small Cap Value Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.3% | |
| | | | Banks - 23.8% | |
| | 55,761 | | | Bank OZK | | $ | 1,381,757 | |
| | 153,302 | | | Cadence Bancorp | | | 1,720,048 | |
| | 18,661 | | | Federal Agricultural Mortgage Corp. Class C | | | 1,205,314 | |
| | 64,307 | | | First Hawaiian, Inc. | | | 1,109,939 | |
| | 37,999 | | | First Interstate BancSystem, Inc. Class A | | | 1,341,365 | |
| | 154,411 | | | FNB Corp. | | | 1,167,347 | |
| | 82,851 | | | Great Western Bancorp, Inc. | | | 1,076,235 | |
| | 65,095 | | | Hilltop Holdings, Inc. | | | 1,484,817 | |
| | 91,699 | | | Home BancShares, Inc. | | | 1,522,203 | |
| | 54,658 | | | Pacific Premier Bancorp, Inc. | | | 1,393,779 | |
| | 86,343 | | | Radian Group, Inc. | | | 1,549,857 | |
| | 107,919 | | | Sterling Bancorp | | | 1,443,956 | |
| | 94,082 | | | Umpqua Holdings Corp. | | | 1,181,670 | |
| | 32,131 | | | Western Alliance Bancorp | | | 1,323,797 | |
| | | | | | | | |
| | | | 18,902,084 | |
| | | | | | | | |
| | | | Capital Goods - 10.1% | |
| | 30,253 | | | Argan, Inc. | | | 1,246,121 | |
| | 21,766 | | | EnerSys | | | 1,558,446 | |
| | 52,768 | | | Kennametal, Inc. | | | 1,635,808 | |
| | 18,044 | | | Moog, Inc. Class A | | | 1,125,765 | |
| | 57,527 | | | nVent Electric plc | | | 1,038,362 | |
| | 179,722 | | | REV Group, Inc. | | | 1,410,818 | |
| | | | | | | | |
| | | | 8,015,320 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 7.5% | |
| | 111,916 | | | BrightView Holdings, Inc.* | | | 1,368,733 | |
| | 50,595 | | | Deluxe Corp. | | | 1,084,757 | |
| | 37,723 | | | Kforce, Inc. | | | 1,308,988 | |
| | 108,050 | | | Knoll, Inc. | | | 1,238,253 | |
| | 43,690 | | | Loomis AB* | | | 975,591 | |
| | | | | | | | |
| | | | 5,976,322 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 7.0% | |
| | 48,475 | | | Kontoor Brands, Inc.* | | | 1,594,828 | |
| | 123,784 | | | Movado Group, Inc. | | | 1,350,483 | |
| | 59,903 | | | Steven Madden Ltd. | | | 1,438,271 | |
| | 17,086 | | | Sturm Ruger & Co., Inc. | | | 1,142,370 | |
| | | | | | | | |
| | | | 5,525,952 | |
| | | | | | | | |
| | | | Consumer Services - 3.2% | |
| | 38,931 | | | Adtalem Global Education, Inc.* | | | 912,543 | |
| | 52,978 | | | Carriage Services, Inc. | | | 1,367,362 | |
| | 53,031 | | | Regis Corp.*(1) | | | 293,792 | |
| | | | | | | | |
| | | | 2,573,697 | |
| | | | | | | | |
| | | | Diversified Financials - 5.1% | |
| | 102,425 | | | Greenhill & Co., Inc. | | | 1,324,355 | |
| | 180,352 | | | Navient Corp. | | | 1,444,620 | |
| | 37,664 | | | PRA Group, Inc.* | | | 1,285,472 | |
| | | | | | | | |
| | | | 4,054,447 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.8% | |
| | 114,115 | | | Hostess Brands, Inc.* | | | 1,442,414 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 5.6% | |
| | 45,728 | | | Envista Holdings Corp.* | | | 1,208,134 | |
| | 44,025 | | | Natus Medical, Inc.* | | | 801,695 | |
| | 88,680 | | | NextGen Healthcare, Inc.* | | | 1,206,048 | |
| | 37,362 | | | Premier, Inc. Class A | | | 1,222,858 | |
| | | | | | | | |
| | | | 4,438,735 | |
| | | | | | | | |
| | | | Household & Personal Products - 4.6% | |
| | 43,237 | | | Edgewell Personal Care Co.* | | | 1,133,674 | |
| | 32,334 | | | Energizer Holdings, Inc. | | | 1,272,343 | |
| | 8,802 | | | Medifast, Inc. | | | 1,236,593 | |
| | | | | | | | |
| | | | 3,642,610 | |
| | | | | | | | |
| | | | Insurance - 3.1% | |
| | 133,033 | | | Lancashire Holdings Ltd. | | | 1,097,855 | |
| | 172,377 | | | Third Point Reinsurance Ltd.* | | | 1,341,093 | |
| | | | | | | | |
| | | | 2,438,948 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.3% - (continued) | |
| | | | Materials - 3.5% | |
| | 22,803 | | | Compass Minerals International, Inc. | | $ | 1,376,845 | |
| | 40,966 | | | Schweitzer-Mauduit International, Inc. | | | 1,360,071 | |
| | | | | | | | |
| | | | 2,736,916 | |
| | | | | | | | |
| | | | Media & Entertainment - 1.7% | |
| | 114,660 | | | TEGNA, Inc. | | | 1,379,360 | |
| | | | | | | | |
| | | | Real Estate - 3.0% | |
| | 138,126 | | | CoreCivic, Inc. REIT | | | 885,388 | |
| | 126,042 | | | Pebblebrook Hotel Trust REIT | | | 1,509,983 | |
| | | | | | | | |
| | | | 2,395,371 | |
| | | | | | | | |
| | | | Retailing - 2.6% | |
| | 41,386 | | | Children’s Place, Inc.(1) | | | 1,045,824 | |
| | 122,189 | | | Michaels Cos., Inc.* | | | 990,953 | |
| | | | | | | | |
| | | | 2,036,777 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 4.5% | |
| | 47,550 | | | Ichor Holdings Ltd.* | | | 1,106,013 | |
| | 35,839 | | | Silicon Motion Technology Corp. ADR | | | 1,352,564 | |
| | 52,085 | | | Tower Semiconductor Ltd.* | | | 1,098,993 | |
| | | | | | | | |
| | | | 3,557,570 | |
| | | | | | | | |
| | | | Software & Services - 3.1% | |
| | 27,746 | | | CSG Systems International, Inc. | | | 1,051,019 | |
| | 114,916 | | | Xperi Holding Corp. | | | 1,424,958 | |
| | | | | | | | |
| | | | 2,475,977 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 4.9% | |
| | 131,795 | | | Avid Technology, Inc.* | | | 1,228,329 | |
| | 23,519 | | | InterDigital, Inc. | | | 1,316,594 | |
| | 69,926 | | | Plantronics, Inc. | | | 1,364,955 | |
| | | | | | | | |
| | | | 3,909,878 | |
| | | | | | | | |
| | | | Utilities - 2.2% | |
| | 44,366 | | | Portland General Electric Co. | | | 1,743,584 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $80,169,656) | | $ | 77,245,962 | |
| | | | | | | | |
|
| EXCHANGE-TRADED FUNDS - 2.5% | |
| | | | Other Investment Pools & Funds - 2.5% | |
| | 19,125 | | | iShares Russell 2000 Value ETF(1) | | $ | 1,969,684 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds
(cost $1,902,621) | | $ | 1,969,684 | |
| | | | | | | | |
| | | | Total Long-Term Investments
(cost $82,072,277) | | $ | 79,215,646 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.7% | |
| | | | Repurchase Agreements - 0.5% | |
| | 354,275 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $354,277; collateralized by U.S. Treasury Note at 2.25%, maturing 11/15/2027, with a market value of $361,448. | | $ | 354,275 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 2.2% | |
| | 1,748,341 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2) | | | 1,748,341 | |
| | 1,764 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class,
0.03%(2) | | | 1,764 | |
| | | | | | | | |
| | | | 1,750,105 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $2,104,380) | | $ | 2,104,380 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $84,176,657) | | | 102.5 | % | | $ | 81,320,026 | |
| | | | Other Assets and Liabilities | | | (2.5 | )% | | | (1,955,752 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 79,364,274 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Small Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Banks | | $ | 18,902,084 | | | $ | 18,902,084 | | | $ | — | | | $ | — | |
Capital Goods | | | 8,015,320 | | | | 8,015,320 | | | | — | | | | — | |
Commercial & Professional Services | | | 5,976,322 | | | | 5,976,322 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 5,525,952 | | | | 5,525,952 | | | | — | | | | — | |
Consumer Services | | | 2,573,697 | | | | 2,573,697 | | | | — | | | | — | |
Diversified Financials | | | 4,054,447 | | | | 4,054,447 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 1,442,414 | | | | 1,442,414 | | | | — | | | | — | |
Health Care Equipment & Services | | | 4,438,735 | | | | 4,438,735 | | | | — | | | | — | |
Household & Personal Products | | | 3,642,610 | | | | 3,642,610 | | | | — | | | | — | |
Insurance | | | 2,438,948 | | | | 1,341,093 | | | | 1,097,855 | | | | — | |
Materials | | | 2,736,916 | | | | 2,736,916 | | | | — | | | | — | |
Media & Entertainment | | | 1,379,360 | | | | 1,379,360 | | | | — | | | | — | |
Real Estate | | | 2,395,371 | | | | 2,395,371 | | | | — | | | | — | |
Retailing | | | 2,036,777 | | | | 2,036,777 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 3,557,570 | | | | 3,557,570 | | | | — | | | | — | |
Software & Services | | | 2,475,977 | | | | 2,475,977 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 3,909,878 | | | | 3,909,878 | | | | — | | | | — | |
Utilities | | | 1,743,584 | | | | 1,743,584 | | | | — | | | | — | |
Exchange-Traded Funds | | | 1,969,684 | | | | 1,969,684 | | | | — | | | | — | |
Short-Term Investments | | | 2,104,380 | | | | 1,750,105 | | | | 354,275 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 81,320,026 | | | $ | 79,867,896 | | | $ | 1,452,130 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 94.0% | |
| | | | Automobiles & Components - 2.1% | |
| | 89,821 | | | Fox Factory Holding Corp.* | | $ | 7,552,150 | |
| | 90,812 | | | Thor Industries, Inc. | | | 7,680,879 | |
| | | | | | | | |
| | | | 15,233,029 | |
| | | | | | | | |
| | | | Banks - 2.3% | |
| | 574,644 | | | Sterling Bancorp | | | 7,688,737 | |
| | 228,899 | | | Western Alliance Bancorp | | | 9,430,639 | |
| | | | | | | | |
| | | | 17,119,376 | |
| | | | | | | | |
| | | | Capital Goods - 12.6% | |
| | 161,895 | | | Advanced Drainage Systems, Inc. | | | 10,269,000 | |
| | 150,987 | | | Argan, Inc. | | | 6,219,155 | |
| | 52,030 | | | Axon Enterprise, Inc.* | | | 5,145,767 | |
| | 196,430 | | | BMC Stock Holdings, Inc.* | | | 7,776,664 | |
| | 38,651 | | | Chart Industries, Inc.* | | | 3,264,077 | |
| | 181,219 | | | Comfort Systems USA, Inc. | | | 8,299,830 | |
| | 96,728 | | | Curtiss-Wright Corp. | | | 8,159,974 | |
| | 179,077 | | | ITT, Inc. | | | 10,835,949 | |
| | 239,965 | | | Kennametal, Inc. | | | 7,438,915 | |
| | 109,406 | | | Kornit Digital Ltd.* | | | 7,365,212 | |
| | 359,760 | | | Rexnord Corp. | | | 11,541,101 | |
| | 167,904 | | | Rush Enterprises, Inc. Class A | | | 6,017,679 | |
| | | | | | | | |
| | | | 92,333,323 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 2.7% | |
| | 100,897 | | | Tetra Tech, Inc. | | | 10,181,516 | |
| | 142,575 | | | TriNet Group, Inc.* | | | 9,826,269 | |
| | | | | | | | |
| | | | 20,007,785 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 7.9% | |
| | 134,631 | | | BRP, Inc. | | | 7,271,670 | |
| | 39,855 | | | Cavco Industries, Inc.* | | | 6,860,640 | |
| | 128,647 | | | Century Communities, Inc.* | | | 4,996,649 | |
| | 72,788 | | | iRobot Corp.*(1) | | | 5,792,469 | |
| | 72,114 | | | Polaris, Inc. | | | 6,552,278 | |
| | 299,554 | | | Skyline Champion Corp.* | | | 7,683,560 | |
| | 378,204 | | | Wolverine World Wide, Inc. | | | 10,086,701 | |
| | 165,391 | | | YETI Holdings, Inc.* | | | 8,183,547 | |
| | | | | | | | |
| | | | 57,427,514 | |
| | | | | | | | |
| | | | Consumer Services - 3.5% | |
| | 185,140 | | | Chegg, Inc.* | | | 13,596,681 | |
| | 86,022 | | | DraftKings, Inc. Class A* | | | 3,045,179 | |
| | 94,613 | | | Penn National Gaming, Inc.* | | | 5,107,210 | |
| | 63,811 | | | Planet Fitness, Inc. Class A* | | | 3,782,078 | |
| | | | | | | | |
| | | | 25,531,148 | |
| | | | | | | | |
| | | | Diversified Financials - 2.8% | |
| | 148,314 | | | Ares Management Corp. Class A | | | 6,273,682 | |
| | 42,632 | | | Hamilton Lane, Inc. Class A | | | 2,971,451 | |
| | 155,866 | | | Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT | | | 6,522,992 | |
| | 144,017 | | | PRA Group, Inc.* | | | 4,915,300 | |
| | | | | | | | |
| | | | | | | 20,683,425 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 0.9% | |
| | 6,002 | | | Boston Beer Co., Inc. Class A* | | | 6,237,158 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 8.4% | |
| | 101,791 | | | 1Life Healthcare, Inc.* | | | 2,871,524 | |
| | 125,516 | | | Globus Medical, Inc. Class A* | | | 6,541,894 | |
| | 193,039 | | | Health Catalyst, Inc.* | | | 6,655,985 | |
| | 61,744 | | | Hill-Rom Holdings, Inc. | | | 5,623,026 | |
| | 52,872 | | | Insulet Corp.* | | | 11,750,802 | |
| | 44,262 | | | LHC Group, Inc.* | | | 9,584,936 | |
| | 65,059 | | | Omnicell, Inc.* | | | 5,630,856 | |
| | 115,475 | | | Tandem Diabetes Care, Inc.* | | | 12,586,775 | |
| | | | | | | | |
| | | | | | | 61,245,798 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 94.0% - (continued) | |
| | | | Insurance - 0.9% | |
| | 139,680 | | | James River Group Holdings Ltd. | | $ | 6,527,246 | |
| | | | | | | | |
| | | | Materials - 0.8% | |
| | 103,793 | | | Ingevity Corp.* | | | 5,696,160 | |
| | | | | | | | |
| | | | Media & Entertainment - 0.8% | |
| | 77,264 | | | Cardlytics, Inc.*(1) | | | 5,703,629 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 17.7% | |
| | 41,072 | | | Acceleron Pharma, Inc.* | | | 4,295,310 | |
| | 56,692 | | | Allakos, Inc.*(1) | | | 5,393,110 | |
| | 176,049 | | | ALX Oncology Holdings, Inc.* | | | 6,955,696 | |
| | 427,441 | | | Amicus Therapeutics, Inc.* | | | 7,621,273 | |
| | 87,495 | | | Apellis Pharmaceuticals, Inc.* | | | 2,791,090 | |
| | 46,319 | | | Arena Pharmaceuticals, Inc.* | | | 3,970,465 | |
| | 40,490 | | | Ascendis Pharma A/S ADR* | | | 6,614,041 | |
| | 51,343 | | | Blueprint Medicines Corp.* | | | 5,251,362 | |
| | 70,720 | | | ChemoCentryx, Inc.* | | | 3,394,560 | |
| | 125,362 | | | Constellation Pharmaceuticals, Inc.* | | | 2,459,602 | |
| | 170,000 | | | Freeline Therapeutics Holdings plc ADR* | | | 2,942,700 | |
| | 75,378 | | | Global Blood Therapeutics, Inc.* | | | 3,985,989 | |
| | 281,276 | | | Heron Therapeutics, Inc.*(1) | | | 4,587,612 | |
| | 664,886 | | | ImmunoGen, Inc.* | | | 3,749,957 | |
| | 119,109 | | | Iovance Biotherapeutics, Inc.* | | | 4,249,809 | |
| | 100,196 | | | Kodiak Sciences, Inc.* | | | 9,098,799 | |
| | 157,946 | | | Mersana Therapeutics, Inc.* | | | 2,846,187 | |
| | 46,271 | | | Mirati Therapeutics, Inc.* | | | 10,047,285 | |
| | 102,890 | | | NanoString Technologies, Inc.* | | | 3,770,918 | |
| | 110,914 | | | PTC Therapeutics, Inc.* | | | 5,788,602 | |
| | 69,816 | | | RAPT Therapeutics, Inc.* | | | 2,006,512 | |
| | 20,156 | | | Reata Pharmaceuticals, Inc. Class A* | | | 2,352,407 | |
| | 179,436 | | | Revance Therapeutics, Inc.* | | | 4,643,804 | |
| | 147,869 | | | TG Therapeutics, Inc.* | | | 3,736,650 | |
| | 68,916 | | | Turning Point Therapeutics, Inc.* | | | 6,353,366 | |
| | 156,235 | | | UroGen Pharma Ltd.*(1) | | | 3,518,412 | |
| | 163,472 | | | Y-mAbs Therapeutics, Inc.* | | | 6,986,793 | |
| | | | | | | | |
| | | | | | | 129,412,311 | |
| | | | | | | | |
| | | | Real Estate - 1.3% | |
| | 305,785 | | | Essential Properties Realty Trust, Inc. REIT | | | 5,051,568 | |
| | 109,225 | | | Redfin Corp.* | | | 4,562,328 | |
| | | | | | | | |
| | | | | | | 9,613,896 | |
| | | | | | | | |
| | | | Retailing - 4.8% | |
| | 3,136,600 | | | Allstar Co.(3)(4)(7) | | | 2,634,744 | |
| | 97,593 | | | Five Below, Inc.* | | | 13,013,051 | |
| | 127,621 | | | Floor & Decor Holdings, Inc. Class A* | | | 9,316,333 | |
| | 103,797 | | | Ollie’s Bargain Outlet Holdings, Inc.* | | | 9,039,681 | |
| | 26,907 | | | Tory Burch LLC*(2)(3)(4) | | | 1,110,201 | |
| | | | | | | | |
| | | | | | | 35,114,010 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 5.3% | |
| | 67,408 | | | ACM Research, Inc. Class A* | | | 4,743,501 | |
| | 76,107 | | | Entegris, Inc. | | | 5,690,520 | |
| | 116,552 | | | First Solar, Inc.* | | | 10,145,269 | |
| | 69,233 | | | MKS Instruments, Inc. | | | 7,504,165 | |
| | 489,915 | | | Tower Semiconductor Ltd.* | | | 10,337,207 | |
| | | | | | | | |
| | | | 38,420,662 | |
| | | | | | | | |
| | | | Software & Services - 13.8% | |
| | 194,094 | | | 2U, Inc.* | | | 7,152,364 | |
| | 208,043 | | | Digital Turbine, Inc.* | | | 5,962,512 | |
| | 86,821 | | | Endava plc ADR* | | | 5,547,862 | |
| | 53,593 | | | Five9, Inc.* | | | 8,131,130 | |
| | 26,389 | | | HubSpot, Inc.* | | | 7,654,657 | |
| | 86,443 | | | j2 Global, Inc.* | | | 5,867,751 | |
| | 150,332 | | | LiveRamp Holdings, Inc.* | | | 9,935,442 | |
| | 81,288 | | | Manhattan Associates, Inc.* | | | 6,950,124 | |
| | 150,721 | | | Mimecast Ltd.* | | | 5,759,049 | |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 94.0% - (continued) | |
| | | | Software & Services - 13.8% - (continued) | |
| | 183,427 | | | PagerDuty, Inc.*(1) | | $ | 4,970,872 | |
| | 47,853 | | | Paylocity Holding Corp.* | | | 8,877,688 | |
| | 168,956 | | | Perficient, Inc.* | | | 6,616,317 | |
| | 75,262 | | | Q2 Holdings, Inc.* | | | 6,866,905 | |
| | 173,706 | | | Rapid7, Inc.* | | | 10,757,613 | |
| | | | | | | | |
| | | | 101,050,286 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 2.8% | |
| | 165,343 | | | II-VI, Inc.* | | | 7,518,146 | |
| | 60,446 | | | Lumentum Holdings, Inc.* | | | 4,998,280 | |
| | 70,059 | | | Novanta, Inc.* | | | 7,616,814 | |
| | | | | | | | |
| | | | 20,133,240 | |
| | | | | | | | |
| | | | Telecommunication Services - 1.3% | |
| | 60,840 | | | Bandwidth, Inc. Class A* | | | 9,755,998 | |
| | | | | | | | |
| | | | Transportation - 1.3% | |
| | 63,004 | | | Saia, Inc.* | | | 9,303,171 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $519,803,203) | | $ | 686,549,165 | |
| | | | | | | | |
|
| EXCHANGE-TRADED FUNDS - 3.0% | |
| | | | Other Investment Pools & Funds - 3.0% | |
| | 97,571 | | | iShares Russell Growth ETF(1) | | $ | 21,774,920 | |
| | | | | | | | |
| | |
| | | | Total Exchange-Traded Funds
(cost $20,556,552) | | $ | 21,774,920 | |
| | | | | | | | |
|
| CONVERTIBLE PREFERRED STOCKS - 0.3% | |
| | | | Retailing - 0.3% | |
| | 47,489 | | | Honest Co., Inc. Series D*(2)(3)(4) | | $ | 1,956,547 | |
| | | | | | | | |
| | |
| | | | Total Convertible Preferred Stocks
(cost $2,172,859) | | $ | 1,956,547 | |
| | | | | | | | |
|
| ESCROWS - 0.0%(5) | |
| | | | Software & Services - 0.0% | |
| | 98,033 | | | Veracode, Inc.*(2)(3)(4) | | $ | 65,780 | |
| | | | | | | | |
| | |
| | | | Total Escrows
(cost $—) | | $ | 65,780 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $542,532,614) | | $ | 710,346,412 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 4.8% | |
| | | | Repurchase Agreements - 1.7% | |
| | 12,803,053 | | | Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $12,803,117; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $13,059,211 | | $ | 12,803,053 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 3.1% | | | |
| | 22,579,929 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6) | | | 22,579,929 | |
| | 22,789 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6) | | | 22,789 | |
| | | | | | | | |
| | | | | | | 22,602,718 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $35,405,771) | | $ | 35,405,771 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $577,938,385) | | | 102.1 | % | | $ | 745,752,183 | |
| | | | | | | | | | | | |
| | | | Other Assets and Liabilities | | | (2.1 | )% | | | (15,535,770 | ) |
| | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 730,216,413 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Investment valued using significant unobservable inputs. |
| (3) | These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $5,767,272, which represented 0.8% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
| (4) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $5,767,272 or 0.8% of net assets. |
| | | | | | | | | | | | | | | | |
Period
Acquired | | | Security Name | | Shares/
Par Value | | | Total Cost | | | Market Value | |
| | 08/2011 | | | Allstar Co. | | | 3,136,600 | | | $ | 1,364,479 | | | $ | 2,634,744 | |
| | 08/2015 | | | Honest Co., Inc. Series D Convertible
Preferred | | | 47,489 | | | | 2,172,859 | | | | 1,956,547 | |
| | 11/2013 | | | Tory Burch LLC | | | 26,907 | | | | 2,108,912 | | | | 1,110,201 | |
| | 04/2017 | | | Veracode, Inc. | | | 98,033 | | | | — | | | | 65,780 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | $ | 5,646,250 | | | $ | 5,767,272 | |
| | | | | | | | | | | | | | | | |
| (5) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| (6) | Current yield as of period end. |
| (7) | Affiliated company – The Fund owns greater than 5% of the outstanding voting securities of this issuer. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| The Hartford Small Company Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 15,233,029 | | | $ | 15,233,029 | | | $ | — | | | $ | — | |
Banks | | | 17,119,376 | | | | 17,119,376 | | | | — | | | | — | |
Capital Goods | | | 92,333,323 | | | | 92,333,323 | | | | — | | | | — | |
Commercial & Professional Services | | | 20,007,785 | | | | 20,007,785 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 57,427,514 | | | | 57,427,514 | | | | — | | | | — | |
Consumer Services | | | 25,531,148 | | | | 25,531,148 | | | | — | | | | — | |
Diversified Financials | | | 20,683,425 | | | | 20,683,425 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 6,237,158 | | | | 6,237,158 | | | | — | | | | — | |
Health Care Equipment & Services | | | 61,245,798 | | | | 61,245,798 | | | | — | | | | — | |
Insurance | | | 6,527,246 | | | | 6,527,246 | | | | — | | | | — | |
Materials | | | 5,696,160 | | | | 5,696,160 | | | | — | | | | — | |
Media & Entertainment | | | 5,703,629 | | | | 5,703,629 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 129,412,311 | | | | 129,412,311 | | | | — | | | | — | |
Real Estate | | | 9,613,896 | | | | 9,613,896 | | | | — | | | | — | |
Retailing | | | 35,114,010 | | | | 31,369,065 | | | | 2,634,744 | | | | 1,110,201 | |
Semiconductors & Semiconductor Equipment | | | 38,420,662 | | | | 38,420,662 | | | | — | | | | — | |
Software & Services | | | 101,050,286 | | | | 101,050,286 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 20,133,240 | | | | 20,133,240 | | | | — | | | | — | |
Telecommunication Services | | | 9,755,998 | | | | 9,755,998 | | | | — | | | | — | |
Transportation | | | 9,303,171 | | | | 9,303,171 | | | | — | | | | — | |
Exchange-Traded Funds | | | 21,774,920 | | | | 21,774,920 | | | | — | | | | — | |
Convertible Preferred Stocks | | | 1,956,547 | | | | — | | | | — | | | | 1,956,547 | |
Escrows | | | 65,780 | | | | — | | | | — | | | | 65,780 | |
Short-Term Investments | | | 35,405,771 | | | | 22,602,718 | | | | 12,803,053 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 745,752,183 | | | $ | 727,181,858 | | | $ | 15,437,797 | | | $ | 3,132,528 | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, investments valued at $721,418 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Glossary (abbreviations used in the preceding Schedules of Investments)
| | |
| Currency Abbreviations: |
USD | | United States Dollar |
|
| Index Abbreviations: |
S&P | | Standard & Poor’s |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
ETF | | Exchange-Traded Fund |
REIT | | Real Estate Investment Trust |
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford
Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity
Income Fund | |
Assets: | | | | | |
Investments in securities, at market value(1) | | $ | 6,265,796,349 | | | $ | 8,333,186,070 | | | $ | 8,901,241,526 | | | $ | 3,633,574,433 | |
Repurchase agreements | | | 77,872,403 | | | | 153,723,081 | | | | 180,291,484 | | | | 24,913,579 | |
Cash | | | 34,137,745 | | | | 67,035,341 | | | | 79,308,189 | | | | 10,864,611 | |
Cash collateral held for securities on loan | | | 700,269 | | | | — | | | | — | | | | — | |
Foreign currency | | | 1,253 | | | | — | | | | — | | | | 541,492 | |
Receivables: | | | | | | | | | | | | | | | | |
Investment securities sold | | | 38,329,006 | | | | 4,298,893 | | | | 6,014,870 | | | | 18,555,001 | |
Fund shares sold | | | 1,138,333 | | | | 44,184,112 | | | | 23,475,013 | | | | 8,829,226 | |
Dividends and interest | | | 3,199,874 | | | | 8,735,279 | | | | 14,709,657 | | | | 5,146,241 | |
Securities lending income | | | 37,927 | | | | — | | | | 119 | | | | 118 | |
Variation margin on futures contracts | | | 3,946,827 | | | | 4,831,998 | | | | — | | | | — | |
Tax reclaims | | | 610,182 | | | | — | | | | 1,646,508 | | | | 1,596,093 | |
Other assets | | | 116,605 | | | | 269,002 | | | | 272,185 | | | | 128,265 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 6,425,886,773 | | | | 8,616,263,776 | | | | 9,206,959,551 | | | | 3,704,149,059 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Obligation to return securities lending collateral | | | 14,005,385 | | | | — | | | | — | | | | — | |
Payables: | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 43,952,370 | | | | 10,342,676 | | | | — | | | | 4,385,143 | |
Fund shares redeemed | | | 5,280,409 | | | | 9,149,730 | | | | 11,153,129 | | | | 4,771,517 | |
Investment management fees | | | 3,794,606 | | | | 2,510,885 | | | | 4,901,068 | | | | 2,034,710 | |
Transfer agent fees | | | 1,079,305 | | | | 788,755 | | | | 1,020,504 | | | | 456,636 | |
Accounting services fees | | | 79,871 | | | | 105,356 | | | | 113,371 | | | | 45,954 | |
Board of Directors’ fees | | | 25,704 | | | | 27,431 | | | | 35,020 | | | | 14,982 | |
Distribution fees | | | 227,278 | | | | 132,763 | | | | 171,578 | | | | 93,196 | |
Accrued expenses | | | 484,728 | | | | 453,749 | | | | 674,625 | | | | 301,734 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 68,929,656 | | | | 23,511,345 | | | | 18,069,295 | | | | 12,103,872 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 6,356,957,117 | | | $ | 8,592,752,431 | | | $ | 9,188,890,256 | | | $ | 3,692,045,187 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 5,056,809,285 | | | $ | 6,644,607,298 | | | $ | 6,853,374,097 | | | $ | 3,037,413,153 | |
Distributable earnings (loss) | | | 1,300,147,832 | | | | 1,948,145,133 | | | | 2,335,516,159 | | | | 654,632,034 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 6,356,957,117 | | | $ | 8,592,752,431 | | | $ | 9,188,890,256 | | | $ | 3,692,045,187 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 1,540,000,000 | | | | 825,000,000 | | | | 1,175,000,000 | | | | 675,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0010 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 38.39 | | | $ | 36.04 | | | $ | 24.26 | | | $ | 17.55 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 40.62 | | | $ | 38.14 | | | $ | 25.67 | | | $ | 18.57 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 120,997,155 | | | | 31,659,287 | | | | 139,583,976 | | | | 77,809,160 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 4,645,676,559 | | | $ | 1,140,993,988 | | | $ | 3,385,906,740 | | | $ | 1,365,895,157 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 27.45 | | | $ | 32.62 | | | $ | 23.31 | | | $ | 17.46 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 6,459,517 | | | | 13,612,181 | | | | 5,937,491 | | | | 10,991,890 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 177,309,072 | | | $ | 443,989,298 | | | $ | 138,431,128 | | | $ | 191,916,728 | |
| | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 38.66 | | | $ | 36.16 | | | $ | 24.12 | | | $ | 17.44 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 15,107,544 | | | | 81,219,126 | | | | 69,718,154 | | | | 56,080,307 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 584,047,831 | | | $ | 2,936,717,868 | | | $ | 1,681,760,617 | | | $ | 977,949,937 | |
| | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 43.14 | | | $ | 36.54 | | | $ | 24.65 | | | $ | 17.59 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 983,973 | | | | 1,277,190 | | | | 2,217,136 | | | | 1,807,052 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 42,448,890 | | | $ | 46,674,283 | | | $ | 54,641,774 | | | $ | 31,778,493 | |
| | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 44.91 | | | $ | 37.20 | | | $ | 24.84 | | | $ | 17.62 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 728,868 | | | | 4,550,279 | | | | 3,313,133 | | | | 2,349,379 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 32,731,887 | | | $ | 169,266,695 | | | $ | 82,299,383 | | | $ | 41,385,986 | |
| | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 45.94 | | | $ | 36.44 | | | $ | 24.95 | | | $ | 17.71 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 744,262 | | | | 5,179,440 | | | | 7,128,739 | | | | 3,180,335 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 34,188,283 | | | $ | 188,737,580 | | | $ | 177,851,256 | | | $ | 56,329,069 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford
Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity
Income Fund | |
Class R6: Net asset value per share | | $ | 46.27 | | | $ | 36.62 | | | $ | 24.95 | | | $ | 17.76 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 270,851 | | | | 20,371,396 | | | | 7,858,407 | | | | 3,122,213 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 12,531,266 | | | $ | 746,017,707 | | | $ | 196,064,929 | | | $ | 55,447,628 | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 46.24 | | | $ | 36.60 | | | $ | 24.95 | | | $ | 17.76 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 2,230,782 | | | | 18,269,217 | | | | 29,478,704 | | | | 4,594,475 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 103,151,672 | | | $ | 668,654,738 | | | $ | 735,617,825 | | | $ | 81,614,736 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 38.66 | | | $ | 36.19 | | | $ | 24.10 | | | $ | 17.44 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 18,747,899 | | | | 62,217,935 | | | | 113,522,590 | | | | 51,024,560 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 724,871,657 | | | $ | 2,251,700,274 | | | $ | 2,736,316,604 | | | $ | 889,727,453 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 5,337,210,426 | | | $ | 6,536,334,717 | | | $ | 6,967,892,409 | | | $ | 3,064,879,795 | |
Cost of foreign currency | | $ | 1,241 | | | $ | — | | | $ | — | | | $ | 541,798 | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 12,892,695 | | | $ | — | | | $ | — | | | $ | — | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare Fund | | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | |
Assets: | | | | | |
Investments in securities, at market value(1) | | $ | 6,251,620,083 | | | $ | 1,470,725,837 | | | $ | 11,825,057,281 | | | $ | 596,054,698 | |
Repurchase agreements | | | 106,171,930 | | | | 17,074,447 | | | | 824,405 | | | | 1,161,266 | |
Investments in affiliated investments, at market value | | | — | | | | — | | | | 1,240,114,318 | | | | — | |
Cash | | | 47,596,946 | | | | 7,455,078 | | | | 356,505 | | | | 506,974 | |
Cash collateral held for securities on loan | | | 1,411,841 | | | | 710,094 | | | | 4,462,042 | | | | — | |
Foreign currency | | | 20 | | | | 18 | | | | — | | | | — | |
Receivables: | | | | | | | | | | | | | | | | |
Investment securities sold | | | 102,990,055 | | | | — | | | | 38,661,494 | | | | 3,626,736 | |
Fund shares sold | | | 11,051,911 | | | | 681,438 | | | | 13,705,982 | | | | 879,075 | |
Dividends and interest | | | 830,784 | | | | 984,853 | | | | 1,429,302 | | | | 160,695 | |
Securities lending income | | | 51,655 | | | | 10,350 | | | | 34,365 | | | | 358 | |
Tax reclaims | | | 407,216 | | | | 194,093 | | | | — | | | | — | |
Other assets | | | 148,614 | | | | 74,625 | | | | 239,614 | | | | 52,540 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 6,522,281,055 | | | | 1,497,910,833 | | | | 13,124,885,308 | | | | 602,442,342 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Obligation to return securities lending collateral | | | 28,236,824 | | | | 14,201,882 | | | | 89,240,840 | | | | — | |
Payables: | | | | | | | | | | | | | | | | |
Investment securities purchased | | | 85,564,619 | | | | 13,698,746 | | | | 26,924,057 | | | | 826,039 | |
Fund shares redeemed | | | 7,916,736 | | | | 2,748,595 | | | | 28,862,057 | | | | 1,165,241 | |
Investment management fees | | | 4,039,982 | | | | 1,107,492 | | | | 8,133,169 | | | | 384,555 | |
Transfer agent fees | | | 798,824 | | | | 270,955 | | | | 1,733,456 | | | | 95,936 | |
Accounting services fees | | | 80,337 | | | | 18,243 | | | | 161,257 | | | | 7,360 | |
Board of Directors’ fees | | | 20,923 | | | | 5,468 | | | | 52,372 | | | | 2,488 | |
Distribution fees | | | 187,573 | | | | 58,202 | | | | 193,799 | | | | 12,489 | |
Accrued expenses | | | 328,009 | | | | 132,662 | | | | 1,423,989 | | | | 170,452 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 127,173,827 | | | | 32,242,245 | | | | 156,724,996 | | | | 2,664,560 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 6,395,107,228 | | | $ | 1,465,668,588 | | | $ | 12,968,160,312 | | | $ | 599,777,782 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 3,878,706,203 | | | $ | 1,001,227,147 | | | $ | 9,729,103,957 | | | $ | 623,873,126 | |
Distributable earnings (loss) | | | 2,516,401,025 | | | | 464,441,441 | | | | 3,239,056,355 | | | | (24,095,344 | ) |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 6,395,107,228 | | | $ | 1,465,668,588 | | | $ | 12,968,160,312 | | | $ | 599,777,782 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 19,850,000,000 | | | | 485,000,000 | | | | 1,105,000,000 | | | | 475,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0010 | | | $ | 0.0010 | | | $ | 0.0010 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 54.65 | | | $ | 40.91 | | | $ | 30.63 | | | $ | 12.21 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 57.83 | | | $ | 43.29 | | | $ | 32.41 | | | $ | 12.92 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 53,780,676 | | | | 18,243,158 | | | | 88,950,902 | | | | 20,078,527 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 2,939,376,054 | | | $ | 746,241,687 | | | $ | 2,724,316,316 | | | $ | 245,111,692 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 26.47 | | | $ | 31.63 | | | $ | 20.34 | | | $ | 9.66 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 12,171,673 | | | | 4,420,668 | | | | 18,681,407 | | | | 987,228 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 322,226,227 | | | $ | 139,847,201 | | | $ | 380,033,415 | | | $ | 9,533,262 | |
| | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 58.51 | | | $ | 43.53 | | | $ | 31.87 | | | $ | 12.36 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 29,434,477 | | | | 8,648,856 | | | | 121,379,951 | | | | 1,596,169 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 1,722,099,656 | | | $ | 376,518,115 | | | $ | 3,867,925,274 | | | $ | 19,721,564 | |
| | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 54.41 | | | $ | 41.90 | | | $ | 34.38 | | | $ | 12.91 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 879,959 | | | | 742,003 | | | | 2,676,465 | | | | 411,766 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 47,880,108 | | | $ | 31,090,173 | | | $ | 92,022,685 | | | $ | 5,317,453 | |
| | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 58.79 | | | $ | 44.63 | | | $ | 36.18 | | | $ | 13.21 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 1,206,237 | | | | 561,944 | | | | 5,669,196 | | | | 670,294 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 70,918,280 | | | $ | 25,077,788 | | | $ | 205,114,118 | | | $ | 8,856,532 | |
| | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 62.69 | | | $ | 47.24 | | | $ | 37.58 | | | $ | 13.44 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 369,571 | | | | 231,523 | | | | 9,894,283 | | | | 105,882 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 23,170,080 | | | $ | 10,936,937 | | | $ | 371,791,275 | | | $ | 1,423,022 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare Fund | | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | |
Class R6: Net asset value per share | | $ | 64.01 | | | $ | 47.99 | | | $ | 38.09 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 633,639 | | | | 80,962 | | | | 46,192,753 | | | | — | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 40,558,620 | | | $ | 3,885,480 | | | $ | 1,759,581,052 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 63.96 | | | $ | 47.95 | | | $ | 38.02 | | | $ | 13.47 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 6,780,694 | | | | 2,028,384 | | | | 30,102,599 | | | | 743,105 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 433,672,074 | | | $ | 97,263,371 | | | $ | 1,144,623,929 | | | $ | 10,009,406 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 58.77 | | | $ | 43.70 | | | $ | 32.00 | | | $ | 12.36 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 13,531,763 | | | | 796,490 | | | | 75,705,926 | | | | 24,255,252 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 795,206,129 | | | $ | 34,807,836 | | | $ | 2,422,752,248 | | | $ | 299,804,851 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 4,774,546,903 | | | $ | 1,203,197,130 | | | $ | 9,787,647,437 | | | $ | 581,455,556 | |
Cost of affiliated investments | | $ | — | | | $ | — | | | $ | 1,461,281,048 | | | $ | — | |
Cost of foreign currency | | $ | 20 | | | $ | 18 | | | $ | — | | | $ | — | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | 36,965,203 | | | $ | 13,609,564 | | | $ | 109,657,728 | | | $ | — | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford Quality
Value Fund | | | The Hartford
Small Cap
Growth Fund | | | Hartford
Small Cap
Value Fund | | | The Hartford
Small
Company Fund | |
Assets: | | | | | |
Investments in securities, at market value(1) | | $ | 167,830,159 | | | $ | 806,189,015 | | | $ | 80,965,751 | | | $ | 730,314,386 | |
Repurchase agreements | | | 1,505,191 | | | | 2,555,212 | | | | 354,275 | | | | 12,803,053 | |
Investments in affiliated investments, at market value | | | — | | | | — | | | | — | | | | 2,634,744 | |
Cash | | | 676,258 | | | | 1,117,382 | | | | 155,259 | | | | 5,598,264 | |
Cash collateral held for securities on loan | | | — | | | | 534,739 | | | | 92,111 | | | | 1,189,617 | |
Foreign currency | | | 7 | | | | — | | | | — | | | | — | |
Receivables: | | | | | | | | | | | | | | | | |
From affiliates | | | 22,108 | | | | — | | | | 10,497 | | | | 4,649 | |
Investment securities sold | | | — | | | | 4,528,829 | | | | 846,960 | | | | 5,760,281 | |
Fund shares sold | | | 24,565 | | | | 334,938 | | | | 20,234 | | | | 834,875 | |
Dividends and interest | | | 314,513 | | | | 262,726 | | | | 38,855 | | | | 121,410 | |
Securities lending income | | | — | | | | 2,155 | | | | 419 | | | | 15,328 | |
Tax reclaims | | | 51,979 | | | | — | | | | — | | | | — | |
Other assets | | | 50,789 | | | | 63,030 | | | | 50,663 | | | | 71,080 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 170,475,569 | | | | 815,588,026 | | | | 82,535,024 | | | | 759,347,687 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Obligation to return securities lending collateral | | | — | | | | 10,694,775 | | | | 1,842,216 | | | | 23,792,335 | |
Payables: | | | | | | | | | | | | | | | | |
Investment securities purchased | | | — | | | | 3,263,289 | | | | 1,164,181 | | | | 3,533,716 | |
Fund shares redeemed | | | 744,520 | | | | 808,984 | | | | 73,713 | | | | 998,084 | |
Investment management fees | | | 68,138 | | | | 510,305 | | | | 47,198 | | | | 510,270 | |
Transfer agent fees | | | 53,072 | | | | 135,015 | | | | 14,584 | | | | 115,705 | |
Accounting services fees | | | 2,117 | | | | 9,882 | | | | 943 | | | | 8,919 | |
Board of Directors’ fees | | | 738 | | | | 3,610 | | | | 332 | | | | 2,482 | |
Distribution fees | | | 6,564 | | | | 12,121 | | | | 1,500 | | | | 19,293 | |
Accrued expenses | | | 43,184 | | | | 129,094 | | | | 26,083 | | | | 150,470 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 918,333 | | | | 15,567,075 | | | | 3,170,750 | | | | 29,131,274 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 169,557,236 | | | $ | 800,020,951 | | | $ | 79,364,274 | | | $ | 730,216,413 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 163,891,027 | | | $ | 570,095,016 | | | $ | 90,685,089 | | | $ | 488,309,764 | |
Distributable earnings (loss) | | | 5,666,209 | | | | 229,925,935 | | | | (11,320,815 | ) | | | 241,906,649 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 169,557,236 | | | $ | 800,020,951 | | | $ | 79,364,274 | | | $ | 730,216,413 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 22,100,000,000 | | | | 22,100,000,000 | | | | 860,000,000 | | | | 525,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0010 | | | $ | 0.0010 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 18.61 | | | $ | 51.35 | | | $ | 8.29 | | | $ | 25.50 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 19.69 | | | $ | 54.34 | | | $ | 8.77 | | | $ | 26.98 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 7,530,559 | | | | 3,864,502 | | | | 3,980,478 | | | | 15,276,258 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 140,154,057 | | | $ | 198,429,981 | | | $ | 32,995,545 | | | $ | 389,496,289 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 15.78 | | | $ | 34.22 | | | $ | 7.12 | | | $ | 15.97 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 232,762 | | | | 360,094 | | | | 283,714 | | | | 567,304 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,672,675 | | | $ | 12,323,417 | | | $ | 2,019,841 | | | $ | 9,058,125 | |
| | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 18.37 | | | $ | 54.23 | | | $ | 8.31 | | | $ | 27.31 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 594,799 | | | | 1,819,603 | | | | 350,777 | | | | 1,311,135 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 10,926,656 | | | $ | 98,673,398 | | | $ | 2,915,230 | | | $ | 35,806,111 | |
| | | �� | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | 18.92 | | | $ | 50.47 | | | $ | 8.62 | | | $ | 28.02 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 45,192 | | | | 148,296 | | | | 52,991 | | | | 500,143 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 854,913 | | | $ | 7,484,736 | | | $ | 456,530 | | | $ | 14,012,918 | |
| | | | | | | | | | | | | | | | |
Class R4: Net asset value per share | | $ | 19.13 | | | $ | 53.64 | | | $ | 8.76 | | | $ | 30.22 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 203,132 | | | | 581,079 | | | | 3,474 | | | | 442,170 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,886,636 | | | $ | 31,168,711 | | | $ | 30,436 | | | $ | 13,362,959 | |
| | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | 19.32 | | | $ | 57.10 | | | $ | 8.74 | | | $ | 32.33 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 11,397 | | | | 1,256,715 | | | | 1,099 | | | | 121,740 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 220,232 | | | $ | 71,753,500 | | | $ | 9,603 | | | $ | 3,936,384 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford Quality
Value Fund | | | The Hartford
Small Cap
Growth Fund | | | Hartford
Small Cap
Value Fund | | | The Hartford
Small
Company Fund | |
Class R6: Net asset value per share | | $ | 19.38 | | | $ | 58.07 | | | $ | 8.74 | | | $ | 33.12 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 25,024 | | | | 1,383,201 | | | | 27,462 | | | | 46,200 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 485,028 | | | $ | 80,327,403 | | | $ | 240,117 | | | $ | 1,530,093 | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 19.35 | | | $ | 58.07 | | | $ | 8.73 | | | $ | 33.07 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 19,744 | | | | 4,399,395 | | | | 28,626 | | | | 603,430 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 382,042 | | | $ | 255,483,948 | | | $ | 249,872 | | | $ | 19,956,447 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 18.31 | | | $ | 54.48 | | | $ | 8.31 | | | $ | 27.49 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 490,060 | | | | 814,489 | | | | 4,864,485 | | | | 8,842,874 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 8,974,997 | | | $ | 44,375,857 | | | $ | 40,447,100 | | | $ | 243,057,087 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 164,759,654 | | | $ | 635,730,010 | | | $ | 84,176,657 | | | $ | 576,573,906 | |
Cost of investments in affiliated investment companies | | $ | — | | | $ | — | | | $ | — | | | $ | 1,364,479 | |
Cost of foreign currency | | $ | 7 | | | $ | — | | | $ | — | | | $ | — | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | — | | | $ | 10,469,863 | | | $ | 1,790,215 | | | $ | 22,999,926 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Operations
For the Year Ended October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Capital
Appreciation
Fund | | | Hartford Core
Equity Fund | | | The Hartford
Dividend and
Growth Fund | | | The Hartford
Equity Income
Fund | |
Investment Income: | | | | | | | | | | | | | |
Dividends | | $ | 99,864,888 | | | $ | 104,932,039 | | | $ | 234,277,298 | | | $ | 111,909,187 | |
Interest | | | 853,973 | | | | 1,496,383 | | | | 2,001,738 | | | | 416,817 | |
Securities lending | | | 1,030,093 | | | | 177,870 | | | | 4,666 | | | | 27,940 | |
Less: Foreign tax withheld | | | (149,098 | ) | | | — | | | | (2,005,806 | ) | | | (1,577,676 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 101,599,856 | | | | 106,606,292 | | | | 234,277,896 | | | | 110,776,268 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 43,502,742 | | | | 23,982,045 | | | | 54,488,076 | | | | 23,723,530 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 5,597,869 | | | | 1,022,164 | | | | 3,797,189 | | | | 1,388,736 | |
Class C | | | 325,041 | | | | 378,574 | | | | 233,945 | | | | 253,318 | |
Class I | | | 526,129 | | | | 2,003,719 | | | | 1,220,306 | | | | 802,637 | |
Class R3 | | | 99,860 | | | | 77,650 | | | | 123,816 | | | | 73,126 | |
Class R4 | | | 53,171 | | | | 244,022 | | | | 150,244 | | | | 68,815 | |
Class R5 | | | 39,464 | | | | 205,277 | | | | 183,350 | | | | 71,131 | |
Class R6 | | | 2,293 | | | | 16,412 | | | | 6,224 | | | | 2,195 | |
Class Y | | | 143,993 | | | | 539,469 | | | | 664,220 | | | | 93,232 | |
Class F | | | 4,326 | | | | 10,243 | | | | 19,054 | | | | 12,957 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 11,618,719 | | | | 2,513,805 | | | | 8,784,299 | | | | 3,615,052 | |
Class C | | | 2,223,791 | | | | 4,114,748 | | | | 1,693,321 | | | | 2,442,621 | |
Class R3 | | | 228,154 | | | | 198,224 | | | | 294,835 | | | | 182,774 | |
Class R4 | | | 87,540 | | | | 392,660 | | | | 240,246 | | | | 117,922 | |
Custodian fees | | | 36,744 | | | | 22,212 | | | | 35,168 | | | | 18,220 | |
Registration and filing fees | | | 163,628 | | | | 507,252 | | | | 350,383 | | | | 191,761 | |
Accounting services fees | | | 1,038,904 | | | | 1,082,855 | | | | 1,341,516 | | | | 590,365 | |
Board of Directors’ fees | | | 198,025 | | | | 232,331 | | | | 277,603 | | | | 116,170 | |
Audit and tax fees | | | 44,622 | | | | 20,960 | | | | 22,090 | | | | 20,422 | |
Other expenses | | | 860,588 | | | | 912,071 | | | | 1,245,198 | | | | 563,704 | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | 66,795,603 | | | | 38,476,693 | | | | 75,171,083 | | | | 34,348,688 | |
| | | | | | | | | | | | | | | | |
Transfer agent fee waivers | | | (72,277 | ) | | | (121,421 | ) | | | (359,427 | ) | | | (41,632 | ) |
Distribution fee reimbursements | | | (181,165 | ) | | | (88,477 | ) | | | (82,490 | ) | | | (10,502 | ) |
Commission recapture | | | (63,860 | ) | | | (37,833 | ) | | | (28,093 | ) | | | (19,688 | ) |
| | | | | | | | | | | | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | (317,302 | ) | | | (247,731 | ) | | | (470,010 | ) | | | (71,822 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 66,478,301 | | | | 38,228,962 | | | | 74,701,073 | | | | 34,276,866 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 35,121,555 | | | | 68,377,330 | | | | 159,576,823 | | | | 76,499,402 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | | | | | | | | | | | | |
Investments | | | 314,392,099 | | | | (76,820,380 | ) | | | 194,601,688 | | | | 41,216,861 | |
Futures contracts | | | 7,584,431 | | | | 22,139,276 | | | | — | | | | — | |
Other foreign currency transactions | | | 21,835 | | | | — | | | | (51,583 | ) | | | (26,185 | ) |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 321,998,365 | | | | (54,681,104 | ) | | | 194,550,105 | | | | 41,190,676 | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | | | | | | | | | | | | |
Investments | | | 178,137,084 | | | | 766,626,069 | | | | (496,987,234 | ) | | | (294,587,064 | ) |
Futures contracts | | | (3,525,277 | ) | | | (3,628,070 | ) | | | — | | | | — | |
Translation of other assets and liabilities in foreign currencies | | | 28,429 | | | | — | | | | — | | | | 113,878 | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | 174,640,236 | | | | 762,997,999 | | | | (496,987,234 | ) | | | (294,473,186 | ) |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 496,638,601 | | | | 708,316,895 | | | | (302,437,129 | ) | | | (253,282,510 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 531,760,156 | | | $ | 776,694,225 | | | $ | (142,860,306 | ) | | $ | (176,783,108 | ) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Operations – (continued)
For the Year Ended October 31, 2020
| | | | | | | | | | | | | | | | |
| | | The Hartford
Growth
Opportunities
Fund | | | The Hartford
Healthcare
Fund | | | The Hartford
MidCap Fund | | | The Hartford
MidCap
Value Fund | |
Investment Income: | | | | | | | | | | | | | |
Dividends | | $ | 19,235,984 | | | $ | 13,132,507 | | | $ | 109,196,679 | | | $ | 11,491,867 | |
Dividends from affiliated investments | | | — | | | | — | | | | 2,418,446 | | | | — | |
Interest | | | 473,424 | | | | 146,319 | | | | 174,315 | | | | 101,060 | |
Securities lending | | | 2,928,202 | | | | 162,695 | | | | 758,643 | | | | 7,147 | |
Less: Foreign tax withheld | | | — | | | | (181,386 | ) | | | (51,612 | ) | | | (38,037 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 22,637,610 | | | | 13,260,135 | | | | 112,496,471 | | | | 11,562,037 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 36,895,406 | | | | 11,951,374 | | | | 95,036,863 | | | | 4,670,532 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 2,647,253 | | | | 927,159 | | | | 3,101,950 | | | | 519,406 | |
Class C | | | 321,588 | | | | 196,457 | | | | 532,417 | | | | 26,696 | |
Class I | | | 1,306,452 | | | | 322,540 | | | | 5,484,354 | | | | 23,236 | |
Class R3 | | | 86,555 | | | | 68,852 | | | | 208,042 | | | | 14,212 | |
Class R4 | | | 93,470 | | | | 40,162 | | | | 384,981 | | | | 16,935 | |
Class R5 | | | 23,756 | | | | 9,377 | | | | 436,524 | | | | 1,504 | |
Class R6 | | | 1,211 | | | | 124 | | | | 70,095 | | | | — | |
Class Y | | | 177,253 | | | | 87,338 | | | | 1,458,213 | | | | 11,771 | |
Class F | | | 5,940 | | | | 1,202 | | | | 26,440 | | | | 5,877 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 6,083,567 | | | | 1,811,349 | | | | 6,801,824 | | | | 681,820 | |
Class C | | | 2,927,640 | | | | 1,420,669 | | | | 4,332,036 | | | | 124,800 | |
Class R3 | | | 221,041 | | | | 167,265 | | | | 472,493 | | | | 32,281 | |
Class R4 | | | 164,264 | | | | 65,876 | | | | 578,027 | | | | 24,889 | |
Custodian fees | | | 24,756 | | | | 28,067 | | | | 64,186 | | | | 6,067 | |
Registration and filing fees | | | 250,212 | | | | 135,689 | | | | 414,836 | | | | 129,892 | |
Accounting services fees | | | 830,856 | | | | 216,704 | | | | 1,971,540 | | | | 99,815 | |
Board of Directors’ fees | | | 163,158 | | | | 42,952 | | | | 416,221 | | | | 19,302 | |
Audit and tax fees | | | 41,234 | | | | 22,380 | | | | 23,593 | | | | 19,182 | |
Other expenses | | | 599,933 | | | | 210,032 | | | | 2,596,566 | | | | 281,505 | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | 52,865,545 | | | | 17,725,568 | | | | 124,411,201 | | | | 6,709,722 | |
| | | | | | | | | | | | | | | | |
Transfer agent fee waivers | | | (90,444 | ) | | | (41,587 | ) | | | (1,454,925 | ) | | | (4,817 | ) |
Distribution fee reimbursements | | | (152,051 | ) | | | (23,878 | ) | | | (101,258 | ) | | | (5,818 | ) |
Commission recapture | | | (68,961 | ) | | | (4,800 | ) | | | (143,176 | ) | | | (12,852 | ) |
| | | | | | | | | | | | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | (311,456 | ) | | | (70,265 | ) | | | (1,699,359 | ) | | | (23,487 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 52,554,089 | | | | 17,655,303 | | | | 122,711,842 | | | | 6,686,235 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | (29,916,479 | ) | | | (4,395,168 | ) | | | (10,215,371 | ) | | | 4,875,802 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | | | | | | | | | | | | |
Investments | | | 1,058,589,110 | | | | 203,393,837 | | | | 1,856,024,240 | | | | (39,231,763 | ) |
Investments in affiliated investments | | | — | | | | — | | | | (153,261,094 | ) | | | — | |
Other foreign currency transactions | | | 37,550 | | | | 5,099 | | | | (6 | ) | | | 2,784 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 1,058,626,660 | | | | 203,398,936 | | | | 1,702,763,140 | | | | (39,228,979 | ) |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | | | | | | | | | | | | |
Investments | | | 1,003,047,055 | | | | 73,928,189 | | | | (733,778,772 | ) | | | (52,937,572 | ) |
Investments in affiliated investments | | | — | | | | — | | | | (32,340,493 | ) | | | — | |
Translation of other assets and liabilities in foreign currencies | | | 24,812 | | | | 12,566 | | | | — | | | | 619 | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | 1,003,071,867 | | | | 73,940,755 | | | | (766,119,265 | ) | | | (52,936,953 | ) |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 2,061,698,527 | | | | 277,339,691 | | | | 936,643,875 | | | | (92,165,932 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 2,031,782,048 | | | $ | 272,944,523 | | | $ | 926,428,504 | | | $ | (87,290,130 | ) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Operations – (continued)
For the Year Ended October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford
Quality Value
Fund | | | The Hartford
Small Cap
Growth Fund | | | Hartford
Small Cap
Value Fund | | | The Hartford
Small
Company Fund | |
Investment Income: | | | | | | | | | | | | | |
Dividends | | $ | 5,800,711 | | | $ | 5,914,537 | | | $ | 1,953,471 | | | $ | 3,061,686 | |
Dividends from affiliated investments | | | — | | | | — | | | | — | | | | 691,539 | |
Interest | | | 24,046 | | | | 62,111 | | | | 4,556 | | | | 104,634 | |
Securities lending | | | — | | | | 92,773 | | | | 21,996 | | | | 270,470 | |
Less: Foreign tax withheld | | | (65,004 | ) | | | — | | | | — | | | | (2,438 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 5,759,753 | | | | 6,069,421 | | | | 1,980,023 | | | | 4,125,891 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 837,229 | | | | 6,615,245 | | | | 595,198 | | | | 5,135,354 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 311,177 | | | | 452,590 | | | | 92,471 | | | | 577,734 | |
Class C | | | 13,076 | | | | 18,208 | | | | 6,148 | | | | 22,928 | |
Class I | | | 11,799 | | | | 136,630 | | | | 5,148 | | | | 32,272 | |
Class R3 | | | 2,132 | | | | 18,806 | | | | 1,119 | | | | 28,356 | |
Class R4 | | | 7,673 | | | | 57,943 | | | | 80 | | | | 21,174 | |
Class R5 | | | 261 | | | | 85,882 | | | | 14 | | | | 4,028 | |
Class R6 | | | 8 | | | | 2,692 | | | | 6 | | | | 8 | |
Class Y | | | 540 | | | | 324,277 | | | | 372 | | | | 15,115 | |
Class F | | | 318 | | | | 508 | | | | 332 | | | | 4,373 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 381,147 | | | | 477,451 | | | | 92,361 | | | | 828,382 | |
Class C | | | 52,281 | | | | 138,473 | | | | 25,547 | | | | 91,640 | |
Class R3 | | | 4,840 | | | | 42,738 | | | | 2,541 | | | | 66,352 | |
Class R4 | | | 11,838 | | | | 87,375 | | | | 117 | | | | 33,834 | |
Custodian fees | | | 4,710 | | | | 9,037 | | | | 3,696 | | | | 15,752 | |
Registration and filing fees | | | 115,257 | | | | 128,782 | | | | 117,587 | | | | 138,040 | |
Accounting services fees | | | 28,944 | | | | 144,178 | | | | 13,265 | | | | 102,488 | |
Board of Directors’ fees | | | 5,250 | | | | 27,411 | | | | 2,466 | | | | 19,884 | |
Audit and tax fees | | | 27,344 | | | | 19,157 | | | | 19,359 | | | | 34,709 | |
Other expenses | | | 45,702 | | | | 222,079 | | | | 24,958 | | | | 223,242 | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | 1,861,526 | | | | 9,009,462 | | | | 1,002,785 | | | | 7,395,665 | |
| | | | | | | | | | | | | | | | |
Expense waivers | | | (208,565 | ) | | | — | | | | (96,925 | ) | | | (17,848 | ) |
Transfer agent fee waivers | | | — | | | | (206,467 | ) | | | — | | | | — | |
Distribution fee reimbursements | | | (7,904 | ) | | | (14,314 | ) | | | (3,319 | ) | | | (14,647 | ) |
Commission recapture | | | (760 | ) | | | (10,524 | ) | | | (1,915 | ) | | | (12,823 | ) |
| | | | | | | | | | | | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | (217,229 | ) | | | (231,305 | ) | | | (102,159 | ) | | | (45,318 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 1,644,297 | | | | 8,778,157 | | | | 900,626 | | | | 7,350,347 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 4,115,456 | | | | (2,708,736 | ) | | | 1,079,397 | | | | (3,224,456 | ) |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions on: | | | | | | | | | | | | | | | | |
Investments | | | (2,404,683 | ) | | | 76,991,681 | | | | (8,845,778 | ) | | | 80,689,684 | |
Other foreign currency transactions | | | (3,577 | ) | | | — | | | | 152 | | | | (2,081 | ) |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | | | (2,408,260 | ) | | | 76,991,681 | | | | (8,845,626 | ) | | | 80,687,603 | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions of: | | | | | | | | | | | | | | | | |
Investments | | | (16,680,808 | ) | | | 50,280,658 | | | | (8,048,202 | ) | | | 107,374,719 | |
Investments in affiliated investment companies | | | — | | | | — | | | | — | | | | 1,913,326 | |
Translation of other assets and liabilities in foreign currencies | | | 2,011 | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions | | | (16,678,797 | ) | | | 50,280,658 | | | | (8,048,202 | ) | | | 109,288,045 | |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments and Foreign Currency Transactions | | | (19,087,057 | ) | | | 127,272,339 | | | | (16,893,828 | ) | | | 189,975,648 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | (14,971,601 | ) | | $ | 124,563,603 | | | $ | (15,814,431 | ) | | $ | 186,751,192 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets
| | | | | | | | | | | | | | | | |
| | | The Hartford
Capital Appreciation Fund | | | Hartford
Core Equity Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | 35,121,555 | | | $ | 32,178,066 | | | $ | 68,377,330 | | | $ | 46,421,862 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 321,998,365 | | | | 313,758,005 | | | | (54,681,104 | ) | | | 100,491,586 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | 174,640,236 | | | | 696,148,729 | | | | 762,997,999 | | | | 578,564,751 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 531,760,156 | | | | 1,042,084,800 | | | | 776,694,225 | | | | 725,478,199 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (233,332,626 | ) | | | (706,880,408 | ) | | | (22,933,276 | ) | | | (32,665,488 | ) |
Class C | | | (16,172,531 | ) | | | (77,462,288 | ) | | | (8,130,633 | ) | | | (13,165,205 | ) |
Class I | | | (33,414,797 | ) | | | (107,802,788 | ) | | | (50,034,683 | ) | | | (58,009,690 | ) |
Class R3 | | | (1,922,241 | ) | | | (8,221,995 | ) | | | (766,121 | ) | | | (1,469,253 | ) |
Class R4 | | | (1,528,792 | ) | | | (6,723,975 | ) | | | (3,662,366 | ) | | | (6,169,265 | ) |
Class R5 | | | (1,654,005 | ) | | | (4,489,300 | ) | | | (6,433,518 | ) | | | (10,058,287 | ) |
Class R6 | | | (3,567,961 | ) | | | (9,472,410 | ) | | | (7,619,916 | ) | | | (7,010,180 | ) |
Class Y | | | (8,300,069 | ) | | | (22,763,013 | ) | | | (10,460,626 | ) | | | (11,032,634 | ) |
Class F | | | (40,192,877 | ) | | | (127,729,846 | ) | | | (48,473,881 | ) | | | (33,816,031 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (340,085,899 | ) | | | (1,071,546,023 | ) | | | (158,515,020 | ) | | | (173,396,033 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 393,860,254 | | | | 488,499,323 | | | | 4,431,360,869 | | | | 2,583,350,592 | |
Issued on reinvestment of distributions | | | 327,641,306 | | | | 1,028,835,269 | | | | 151,792,918 | | | | 165,763,267 | |
Redeemed | | | (1,497,856,000 | ) | | | (1,724,498,541 | ) | | | (2,300,491,319 | ) | | | (1,079,118,925 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (776,354,440 | ) | | | (207,163,949 | ) | | | 2,282,662,468 | | | | 1,669,994,934 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (584,680,183 | ) | | | (236,625,172 | ) | | | 2,900,841,673 | | | | 2,222,077,100 | |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 6,941,637,300 | | | | 7,178,262,472 | | | | 5,691,910,758 | | | | 3,469,833,658 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 6,356,957,117 | | | $ | 6,941,637,300 | | | $ | 8,592,752,431 | | | $ | 5,691,910,758 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | The Hartford
Dividend and Growth Fund | | | The Hartford
Equity Income Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | 159,576,823 | | | $ | 152,429,025 | | | $ | 76,499,402 | | | $ | 83,954,241 | |
Net realized gain (loss) on investments and foreign currency transactions | | | 194,550,105 | | | | 261,913,493 | | | | 41,190,676 | | | | 251,977,418 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | (496,987,234 | ) | | | 705,555,576 | | | | (294,473,186 | ) | | | 185,592,620 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (142,860,306 | ) | | | 1,119,898,094 | | | | (176,783,108 | ) | | | 521,524,279 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (160,312,321 | ) | | | (376,562,728 | ) | | | (123,227,802 | ) | | | (139,419,928 | ) |
Class C | | | (7,036,533 | ) | | | (22,753,711 | ) | | | (20,643,364 | ) | | | (27,745,387 | ) |
Class I | | | (56,365,416 | ) | | | (95,343,423 | ) | | | (79,079,559 | ) | | | (106,057,518 | ) |
Class R3 | | | (2,526,370 | ) | | | (7,276,281 | ) | | | (3,167,178 | ) | | | (4,085,476 | ) |
Class R4 | | | (4,441,817 | ) | | | (13,533,303 | ) | | | (4,104,853 | ) | | | (6,151,808 | ) |
Class R5 | | | (8,627,986 | ) | | | (16,252,768 | ) | | | (6,408,419 | ) | | | (7,636,620 | ) |
Class R6 | | | (6,208,413 | ) | | | (9,073,108 | ) | | | (4,420,613 | ) | | | (3,471,599 | ) |
Class Y | | | (32,073,450 | ) | | | (68,670,776 | ) | | | (8,372,101 | ) | | | (12,485,702 | ) |
Class F | | | (133,641,614 | ) | | | (288,913,297 | ) | | | (77,653,805 | ) | | | (76,875,225 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (411,233,920 | ) | | | (898,379,395 | ) | | | (327,077,694 | ) | | | (383,929,263 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 2,466,834,298 | | | | 1,316,713,660 | | | | 870,782,771 | | | | 684,129,579 | |
Issued on reinvestment of distributions | | | 395,743,447 | | | | 867,611,541 | | | | 313,924,345 | | | | 367,118,559 | |
Redeemed | | | (2,162,912,714 | ) | | | (1,593,432,163 | ) | | | (1,064,410,832 | ) | | | (1,256,628,479 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 699,665,031 | | | | 590,893,038 | | | | 120,296,284 | | | | (205,380,341 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 145,570,805 | | | | 812,411,737 | | | | (383,564,518 | ) | | | (67,785,325 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 9,043,319,451 | | | | 8,230,907,714 | | | | 4,075,609,705 | | | | 4,143,395,030 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 9,188,890,256 | | | $ | 9,043,319,451 | | | $ | 3,692,045,187 | | | $ | 4,075,609,705 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | The Hartford
Growth Opportunities Fund | | | The Hartford
Healthcare Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | (29,916,479 | ) | | $ | (26,899,996 | ) | | $ | (4,395,168 | ) | | $ | (3,913,470 | ) |
Net realized gain (loss) on investments and foreign currency transactions | | | 1,058,626,660 | | | | 328,106,237 | | | | 203,398,936 | | | | 98,097,029 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | 1,003,071,867 | | | | 290,104,434 | | | | 73,940,755 | | | | 49,131,042 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 2,031,782,048 | | | | 591,310,675 | | | | 272,944,523 | | | | 143,314,601 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (132,324,071 | ) | | | (456,838,651 | ) | | | (43,738,879 | ) | | | (48,565,116 | ) |
Class C | | | (33,402,683 | ) | | | (111,605,001 | ) | | | (11,289,417 | ) | | | (13,953,587 | ) |
Class I | | | (86,336,894 | ) | | | (353,498,531 | ) | | | (18,502,650 | ) | | | (25,648,483 | ) |
Class R3 | | | (2,788,128 | ) | | | (10,699,557 | ) | | | (2,132,500 | ) | | | (2,630,413 | ) |
Class R4 | | | (3,725,988 | ) | | | (17,113,553 | ) | | | (1,601,341 | ) | | | (2,166,993 | ) |
Class R5 | | | (1,419,176 | ) | | | (4,132,294 | ) | | | (362,224 | ) | | | (547,097 | ) |
Class R6 | | | (1,357,539 | ) | | | (2,565,390 | ) | | | (138,636 | ) | | | — | |
Class Y | | | (8,936,697 | ) | | | (24,851,439 | ) | | | (4,160,454 | ) | | | (3,369,356 | ) |
Class F | | | (31,543,831 | ) | | | (88,424,295 | ) | | | (1,805,276 | ) | | | (5,165,741 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (301,835,007 | ) | | | (1,069,728,711 | ) | | | (83,731,377 | ) | | | (102,046,786 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 1,236,652,514 | | | | 1,040,653,406 | | | | 225,456,081 | | | | 162,135,540 | |
Issued on reinvestment of distributions | | | 276,247,055 | | | | 974,523,793 | | | | 79,518,799 | | | | 97,225,749 | |
Redeemed | | | (1,570,077,091 | ) | | | (1,511,405,502 | ) | | | (300,020,713 | ) | | | (458,221,064 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (57,177,522 | ) | | | 503,771,697 | | | | 4,954,167 | | | | (198,859,775 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 1,672,769,519 | | | | 25,353,661 | | | | 194,167,313 | | | | (157,591,960 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 4,722,337,709 | | | | 4,696,984,048 | | | | 1,271,501,275 | | | | 1,429,093,235 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 6,395,107,228 | | | $ | 4,722,337,709 | | | $ | 1,465,668,588 | | | $ | 1,271,501,275 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | The Hartford
MidCap Fund | | | The Hartford
MidCap Value Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | (10,215,371 | ) | | $ | (17,375,474 | ) | | $ | 4,875,802 | | | $ | 5,214,816 | |
Net realized gain (loss) on investments and foreign currency transactions | | | 1,702,763,140 | | | | 692,389,101 | | | | (39,228,979 | ) | | | 15,796,293 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | (766,119,265 | ) | | | 1,148,200,359 | | | | (52,936,953 | ) | | | 60,487,724 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 926,428,504 | | | | 1,823,213,986 | | | | (87,290,130 | ) | | | 81,498,833 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (150,147,304 | ) | | | (289,440,848 | ) | | | (9,305,290 | ) | | | (31,904,637 | ) |
Class C | | | (38,059,233 | ) | | | (88,988,927 | ) | | | (469,443 | ) | | | (2,364,041 | ) |
Class I | | | (215,894,776 | ) | | | (397,398,146 | ) | | | (986,601 | ) | | | (3,672,119 | ) |
Class R3 | | | (4,574,098 | ) | | | (10,655,554 | ) | | | (194,286 | ) | | | (947,049 | ) |
Class R4 | | | (11,938,522 | ) | | | (27,102,479 | ) | | | (330,164 | ) | | | (1,216,557 | ) |
Class R5 | | | (21,826,289 | ) | | | (45,165,553 | ) | | | (46,111 | ) | | | (805,091 | ) |
Class R6 | | | (75,768,819 | ) | | | (108,955,955 | ) | | | — | | | | — | |
Class Y | | | (67,701,427 | ) | | | (162,390,598 | ) | | | (388,031 | ) | | | (1,198,031 | ) |
Class F | | | (117,154,616 | ) | | | (183,904,712 | ) | | | (10,736,193 | ) | | | (29,727,333 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (703,065,084 | ) | | | (1,314,002,772 | ) | | | (22,456,119 | ) | | | (71,834,858 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 3,049,644,964 | | | | 3,932,057,467 | | | | 143,137,588 | | | | 140,081,421 | |
Issued on reinvestment of distributions | | | 674,235,988 | | | | 1,257,169,368 | | | | 22,332,350 | | | | 70,997,863 | |
Redeemed | | | (4,890,549,843 | ) | | | (4,084,043,517 | ) | | | (161,706,044 | ) | | | (145,764,489 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (1,166,668,891 | ) | | | 1,105,183,318 | | | | 3,763,894 | | | | 65,314,795 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (943,305,471 | ) | | | 1,614,394,532 | | | | (105,982,355 | ) | | | 74,978,770 | |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 13,911,465,783 | | | | 12,297,071,251 | | | | 705,760,137 | | | | 630,781,367 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 12,968,160,312 | | | $ | 13,911,465,783 | | | $ | 599,777,782 | | | $ | 705,760,137 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford
Quality Value Fund | | | The Hartford
Small Cap Growth Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | 4,115,456 | | | $ | 4,991,920 | | | $ | (2,708,736 | ) | | $ | (1,619,044 | ) |
Net realized gain (loss) on investments and foreign currency transactions | | | (2,408,260 | ) | | | 6,013,760 | | | | 76,991,681 | | | | 14,715,285 | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | (16,678,797 | ) | | | 18,436,373 | | | | 50,280,658 | | | | 68,831,465 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (14,971,601 | ) | | | 29,442,053 | | | | 124,563,603 | | | | 81,927,706 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (8,585,823 | ) | | | (10,328,219 | ) | | | (3,152,385 | ) | | | (43,413,241 | ) |
Class C | | | (334,835 | ) | | | (488,659 | ) | | | (371,513 | ) | | | (6,352,380 | ) |
Class I | | | (704,282 | ) | | | (854,566 | ) | | | (2,950,208 | ) | | | (47,429,264 | ) |
Class R3 | | | (57,990 | ) | | | (61,925 | ) | | | (162,662 | ) | | | (2,796,540 | ) |
Class R4 | | | (303,759 | ) | | | (364,460 | ) | | | (630,158 | ) | | | (14,166,813 | ) |
Class R5 | | | (12,405 | ) | | | (32,495 | ) | | | (1,205,841 | ) | | | (18,766,338 | ) |
Class R6 | | | (1,828 | ) | | | (650 | ) | | | (971,533 | ) | | | (8,767,431 | ) |
Class Y | | | (33,830 | ) | | | (39,465 | ) | | | (5,261,028 | ) | | | (69,794,940 | ) |
Class F | | | (650,547 | ) | | | (6,128,466 | ) | | | (693,277 | ) | | | (9,900,355 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (10,685,299 | ) | | | (18,298,905 | ) | | | (15,398,605 | ) | | | (221,387,302 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 14,502,495 | | | | 16,762,137 | | | | 261,523,570 | | | | 366,698,768 | |
Issued on reinvestment of distributions | | | 10,505,584 | | | | 18,080,940 | | | | 14,907,961 | | | | 209,847,653 | |
Redeemed | | | (38,374,320 | ) | | | (120,327,472 | ) | | | (601,709,062 | ) | | | (518,321,132 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (13,366,241 | ) | | | (85,484,395 | ) | | | (325,277,531 | ) | | | 58,225,289 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (39,023,141 | ) | | | (74,341,247) | | | | (216,112,533 | ) | | | (81,234,307 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 208,580,377 | | | | 282,921,624 | | | | 1,016,133,484 | | | | 1,097,367,791 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 169,557,236 | | | $ | 208,580,377 | | | $ | 800,020,951 | | | $ | 1,016,133,484 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford
Small Cap Value Fund | | | The Hartford
Small Company Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | |
Net investment income (loss) | | $ | 1,079,397 | | | $ | 1,171,073 | | | $ | (3,224,456 | ) | | $ | (2,934,571 | ) |
Net realized gain (loss) on investments and foreign currency transactions | | | (8,845,626 | ) | | | 5,301,969 | | | | 80,687,603 | | | | 38,272,188 | |
Net changes in unrealized appreciation (depreciation) of investments | | | (8,048,202 | ) | | | (2,603,683 | ) | | | 109,288,045 | | | | 34,222,341 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (15,814,431 | ) | | | 3,869,359 | | | | 186,751,192 | | | | 69,559,958 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (2,971,162 | ) | | | (12,609,836 | ) | | | (19,581,596 | ) | | | (50,850,996 | ) |
Class C | | | (232,432 | ) | | | (1,665,307 | ) | | | (922,638 | ) | | | (2,799,065 | ) |
Class I | | | (419,421 | ) | | | (1,179,686 | ) | | | (1,641,458 | ) | | | (4,870,629 | ) |
Class R3 | | | (37,274 | ) | | | (126,981 | ) | | | (795,519 | ) | | | (2,677,758 | ) |
Class R4 | | | (4,174 | ) | | | (11,402 | ) | | | (754,352 | ) | | | (2,412,769 | ) |
Class R5 | | | (730 | ) | | | (8,637 | ) | | | (157,911 | ) | | | (403,513 | ) |
Class R6 | | | (7,037 | ) | | | (2,456 | ) | | | (5,772 | ) | | | (21,469 | ) |
Class Y | | | (28,438 | ) | | | (115,661 | ) | | | (1,571,493 | ) | | | (5,332,405 | ) |
Class F | | | (3,318,166 | ) | | | (9,621,393 | ) | | | (11,316,929 | ) | | | (20,116,041 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (7,018,834 | ) | | | (25,341,359 | ) | | | (36,747,668 | ) | | | (89,484,645 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | |
Sold | | | 14,194,625 | | | | 24,105,167 | | | | 102,088,209 | | | | 140,460,721 | |
Issued on reinvestment of distributions | | | 6,977,511 | | | | 24,897,952 | | | | 36,543,865 | | | | 88,871,747 | |
Redeemed | | | (23,873,812 | ) | | | (24,593,063 | ) | | | (164,590,834 | ) | | | (112,635,884 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (2,701,676 | ) | | | 24,410,056 | | | | (25,958,760 | ) | | | 116,696,584 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (25,534,941 | ) | | | 2,938,056 | | | | 124,044,764 | | | | 96,771,897 | |
| | | | | | | | | | | | | | | | |
Net Assets: | |
Beginning of period | | | 104,899,215 | | | | 101,961,159 | | | | 606,171,649 | | | | 509,399,752 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 79,364,274 | | | $ | 104,899,215 | | | $ | 730,216,413 | | | $ | 606,171,649 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Capital Appreciation Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 37.12 | | | $ | 0.18 | | | $ | 2.90 | | | $ | 3.08 | | | $ | (0.17 | ) | | $ | (1.64 | ) | | $ | (1.81 | ) | | $ | 38.39 | | | | 8.57 | % | | $ | 4,645,677 | | | | 1.07 | % | | | 1.07 | % | | | 0.48 | % | | | 84 | % |
C | | | 27.08 | | | | (0.07 | ) | | | 2.08 | | | | 2.01 | | | | — | | | | (1.64 | ) | | | (1.64 | ) | | | 27.45 | | | | 7.78 | | | | 177,309 | | | | 1.85 | | | | 1.85 | | | | (0.27 | ) | | | 84 | |
I | | | 37.36 | | | | 0.28 | | | | 2.93 | | | | 3.21 | | | | (0.27 | ) | | | (1.64 | ) | | | (1.91 | ) | | | 38.66 | | | | 8.88 | | | | 584,048 | | | | 0.79 | | | | 0.79 | | | | 0.77 | | | | 84 | |
R3 | | | 41.47 | | | | 0.06 | | | | 3.25 | | | | 3.31 | | | | — | | | | (1.64 | ) | | | (1.64 | ) | | | 43.14 | | | | 8.25 | | | | 42,449 | | | | 1.42 | | | | 1.42 | | | | 0.14 | | | | 84 | |
R4 | | | 43.06 | | | | 0.20 | | | | 3.39 | | | | 3.59 | | | | (0.10 | ) | | | (1.64 | ) | | | (1.74 | ) | | | 44.91 | | | | 8.59 | | | | 32,732 | | | | 1.10 | | | | 1.10 | | | | 0.46 | | | | 84 | |
R5 | | | 44.04 | | | | 0.33 | | | | 3.47 | | | | 3.80 | | | | (0.26 | ) | | | (1.64 | ) | | | (1.90 | ) | | | 45.94 | | | | 8.88 | | | | 34,188 | | | | 0.81 | | | | 0.81 | | | | 0.75 | | | | 84 | |
R6 | | | 44.34 | | | | 0.43 | | | | 3.44 | | | | 3.87 | | | | (0.30 | ) | | | (1.64 | ) | | | (1.94 | ) | | | 46.27 | | | | 9.03 | | | | 12,531 | | | | 0.70 | | | | 0.70 | | | | 1.00 | | | | 84 | |
Y | | | 44.32 | | | | 0.36 | | | | 3.49 | | | | 3.85 | | | | (0.29 | ) | | | (1.64 | ) | | | (1.93 | ) | | | 46.24 | | | | 8.97 | | | | 103,152 | | | | 0.80 | | | | 0.75 | | | | 0.83 | | | | 84 | |
F | | | 37.36 | | | | 0.31 | | | | 2.93 | | | | 3.24 | | | | (0.30 | ) | | | (1.64 | ) | | | (1.94 | ) | | | 38.66 | | | | 9.00 | | | | 724,872 | | | | 0.70 | | | | 0.70 | | | | 0.85 | | | | 84 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 37.88 | | | $ | 0.15 | | | $ | 4.81 | | | $ | 4.96 | | | $ | (0.11 | ) | | $ | (5.61 | ) | | $ | (5.72 | ) | | $ | 37.12 | | | | 16.32 | % | | $ | 4,831,749 | | | | 1.07 | % | | | 1.07 | % | | | 0.42 | % | | | 68 | % |
C | | | 29.30 | | | | (0.09 | ) | | | 3.48 | | | | 3.39 | | | | — | | | | (5.61 | ) | | | (5.61 | ) | | | 27.08 | | | | 15.45 | | | | 278,394 | | | | 1.83 | | | | 1.83 | | | | (0.33 | ) | | | 68 | |
I | | | 38.08 | | | | 0.25 | | | | 4.84 | | | | 5.09 | | | | (0.20 | ) | | | (5.61 | ) | | | (5.81 | ) | | | 37.36 | | | | 16.66 | | | | 658,302 | | | | 0.79 | | | | 0.79 | | | | 0.70 | | | | 68 | |
R3 | | | 41.62 | | | | 0.03 | | | | 5.43 | | | | 5.46 | | | | — | | | | (5.61 | ) | | | (5.61 | ) | | | 41.47 | | | | 15.91 | | | | 50,957 | | | | 1.42 | | | | 1.42 | | | | 0.07 | | | | 68 | |
R4 | | | 42.94 | | | | 0.16 | | | | 5.63 | | | | 5.79 | | | | (0.06 | ) | | | (5.61 | ) | | | (5.67 | ) | | | 43.06 | | | | 16.27 | | | | 38,634 | | | | 1.11 | | | | 1.11 | | | | 0.39 | | | | 68 | |
R5 | | | 43.80 | | | | 0.28 | | | | 5.75 | | | | 6.03 | | | | (0.18 | ) | | | (5.61 | ) | | | (5.79 | ) | | | 44.04 | | | | 16.64 | | | | 38,808 | | | | 0.80 | | | | 0.80 | | | | 0.68 | | | | 68 | |
R6 | | | 44.07 | | | | 0.33 | | | | 5.78 | | | | 6.11 | | | | (0.23 | ) | | | (5.61 | ) | | | (5.84 | ) | | | 44.34 | | | | 16.74 | | | | 80,535 | | | | 0.70 | | | | 0.70 | | | | 0.78 | | | | 68 | |
Y | | | 44.06 | | | | 0.32 | | | | 5.77 | | | | 6.09 | | | | (0.22 | ) | | | (5.61 | ) | | | (5.83 | ) | | | 44.32 | | | | 16.71 | | | | 187,754 | | | | 0.78 | | | | 0.74 | | | | 0.75 | | | | 68 | |
F | | | 38.09 | | | | 0.28 | | | | 4.83 | | | | 5.11 | | | | (0.23 | ) | | | (5.61 | ) | | | (5.84 | ) | | | 37.36 | | | | 16.75 | | | | 776,505 | | | | 0.70 | | | | 0.70 | | | | 0.79 | | | | 68 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 41.86 | | | $ | 0.15 | | | $ | 1.45 | | | $ | 1.60 | | | $ | (0.26 | ) | | $ | (5.32 | ) | | $ | (5.58 | ) | | $ | 37.88 | | | | 3.92 | % | | $ | 4,742,846 | | | | 1.07 | % | | | 1.06 | % | | | 0.38 | % | | | 108 | % |
C | | | 33.62 | | | | (0.11 | ) | | | 1.16 | | | | 1.05 | | | | (0.05 | ) | | | (5.32 | ) | | | (5.37 | ) | | | 29.30 | | | | 3.15 | | | | 426,256 | | | | 1.81 | | | | 1.81 | | | | (0.34 | ) | | | 108 | |
I | | | 42.04 | | | | 0.26 | | | | 1.44 | | | | 1.70 | | | | (0.34 | ) | | | (5.32 | ) | | | (5.66 | ) | | | 38.08 | | | | 4.19 | | | | 734,580 | | | | 0.78 | | | | 0.78 | | | | 0.66 | | | | 108 | |
R3 | | | 45.39 | | | | 0.02 | | | | 1.56 | | | | 1.58 | | | | (0.03 | ) | | | (5.32 | ) | | | (5.35 | ) | | | 41.62 | | | | 3.57 | | | | 61,882 | | | | 1.42 | | | | 1.41 | | | | 0.04 | | | | 108 | |
R4 | | | 46.69 | | | | 0.15 | | | | 1.62 | | | | 1.77 | | | | (0.20 | ) | | | (5.32 | ) | | | (5.52 | ) | | | 42.94 | | | | 3.87 | | | | 51,635 | | | | 1.10 | | | | 1.10 | | | | 0.34 | | | | 108 | |
R5 | | | 47.54 | | | | 0.30 | | | | 1.63 | | | | 1.93 | | | | (0.35 | ) | | | (5.32 | ) | | | (5.67 | ) | | | 43.80 | | | | 4.18 | | | | 34,288 | | | | 0.80 | | | | 0.80 | | | | 0.65 | | | | 108 | |
R6 | | | 47.80 | | | | 0.35 | | | | 1.64 | | | | 1.99 | | | | (0.40 | ) | | | (5.32 | ) | | | (5.72 | ) | | | 44.07 | | | | 4.29 | | | | 70,935 | | | | 0.70 | | | | 0.70 | | | | 0.75 | | | | 108 | |
Y | | | 47.78 | | | | 0.34 | | | | 1.64 | | | | 1.98 | | | | (0.38 | ) | | | (5.32 | ) | | | (5.70 | ) | | | 44.06 | | | | 4.28 | | | | 175,731 | | | | 0.71 | | | | 0.71 | | | | 0.74 | | | | 108 | |
F | | | 42.06 | | | | 0.30 | | | | 1.45 | | | | 1.75 | | | | (0.40 | ) | | | (5.32 | ) | | | (5.72 | ) | | | 38.09 | | | | 4.28 | | | | 880,110 | | | | 0.70 | | | | 0.70 | | | | 0.75 | | | | 108 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 34.49 | | | $ | 0.13 | | | $ | 7.39 | | | $ | 7.52 | | | $ | (0.15 | ) | | $ | — | | | $ | (0.15 | ) | | $ | 41.86 | | | | 21.86 | % | | $ | 4,613,982 | | | | 1.09 | %(4) | | | 1.08 | %(4) | | | 0.34 | % | | | 123 | % |
C | | | 27.80 | | | | (0.12 | ) | | | 5.94 | | | | 5.82 | | | | — | | | | — | | | | — | | | | 33.62 | | | | 20.97 | | | | 1,241,267 | | | | 1.82 | (4) | | | 1.82 | (4) | | | (0.39 | ) | | | 123 | |
I | | | 34.65 | | | | 0.25 | | | | 7.40 | | | | 7.65 | | | | (0.26 | ) | | | — | | | | (0.26 | ) | | | 42.04 | | | | 22.20 | | | | 846,019 | | | | 0.81 | (4) | | | 0.81 | (4) | | | 0.63 | | | | 123 | |
R3 | | | 37.38 | | | | 0.01 | | | | 8.01 | | | | 8.02 | | | | (0.01 | ) | | | — | | | | (0.01 | ) | | | 45.39 | | | | 21.47 | | | | 75,201 | | | | 1.42 | (4) | | | 1.40 | (4) | | | 0.03 | | | | 123 | |
R4 | | | 38.39 | | | | 0.14 | | | | 8.23 | | | | 8.37 | | | | (0.07 | ) | | | — | | | | (0.07 | ) | | | 46.69 | | | | 21.82 | | | | 74,374 | | | | 1.11 | (4) | | | 1.11 | (4) | | | 0.33 | | | | 123 | |
R5 | | | 39.15 | | | | 0.28 | | | | 8.37 | | | | 8.65 | | | | (0.26 | ) | | | — | | | | (0.26 | ) | | | 47.54 | | | | 22.20 | | | | 40,582 | | | | 0.81 | (4) | | | 0.80 | (4) | | | 0.63 | | | | 123 | |
R6 | | | 39.36 | | | | 0.31 | | | | 8.42 | | | | 8.73 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 47.80 | | | | 22.33 | | | | 70,142 | | | | 0.71 | (4) | | | 0.71 | (4) | | | 0.71 | | | | 123 | |
Y | | | 39.36 | | | | 0.30 | | | | 8.41 | | | | 8.71 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 47.78 | | | | 22.27 | | | | 184,502 | | | | 0.72 | (4) | | | 0.72 | (4) | | | 0.70 | | | | 123 | |
F(5) | | | 38.15 | | | | 0.18 | | | | 3.73 | | | | 3.91 | | | | — | | | | — | | | | — | | | | 42.06 | | | | 10.28 | (6) | | | 1,103,972 | | | | 0.71 | (4)(7) | | | 0.71 | (4)(7) | | | 0.65 | (7) | | | 123 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 38.15 | | | $ | 0.13 | | | $ | (0.57 | ) | | $ | (0.44 | ) | | $ | (0.12 | ) | | $ | (3.10 | ) | | $ | (3.22 | ) | | $ | 34.49 | | | | (0.97 | )% | | $ | 4,609,594 | | | | 1.11 | % | | | 1.11 | %(8) | | | 0.39 | % | | | 88 | % |
B | | | 31.00 | | | | (0.13 | ) | | | (0.49 | ) | | | (0.62 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 27.28 | | | | (1.82 | ) | | | 58,647 | | | | 2.00 | | | | 2.00 | (8) | | | (0.49 | ) | | | 88 | |
C | | | 31.48 | | | | (0.09 | ) | | | (0.49 | ) | | | (0.58 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 27.80 | | | | (1.65 | ) | | | 1,420,171 | | | | 1.83 | | | | 1.83 | (8) | | | (0.33 | ) | | | 88 | |
I | | | 38.31 | | | | 0.24 | | | | (0.57 | ) | | | (0.33 | ) | | | (0.23 | ) | | | (3.10 | ) | | | (3.33 | ) | | | 34.65 | | | | (0.65 | ) | | | 1,225,026 | | | | 0.81 | | | | 0.81 | (8) | | | 0.70 | | | | 88 | |
R3 | | | 41.06 | | | | 0.03 | | | | (0.61 | ) | | | (0.58 | ) | | | — | | | | (3.10 | ) | | | (3.10 | ) | | | 37.38 | | | | (1.26 | ) | | | 103,526 | | | | 1.43 | | | | 1.42 | (8) | | | 0.09 | | | | 88 | |
R4 | | | 42.07 | | | | 0.15 | | | | (0.63 | ) | | | (0.48 | ) | | | (0.10 | ) | | | (3.10 | ) | | | (3.20 | ) | | | 38.39 | | | | (0.95 | ) | | | 100,426 | | | | 1.12 | | | | 1.12 | (8) | | | 0.39 | | | | 88 | |
R5 | | | 42.84 | | | | 0.27 | | | | (0.64 | ) | | | (0.37 | ) | | | (0.22 | ) | | | (3.10 | ) | | | (3.32 | ) | | | 39.15 | | | | (0.65 | ) | | | 45,643 | | | | 0.82 | | | | 0.82 | (8) | | | 0.69 | | | | 88 | |
R6 | | | 43.03 | | | | 0.33 | | | | (0.66 | ) | | | (0.33 | ) | | | (0.24 | ) | | | (3.10 | ) | | | (3.34 | ) | | | 39.36 | | | | (0.56 | ) | | | 57,432 | | | | 0.72 | | | | 0.72 | (8) | | | 0.85 | | | | 88 | |
Y | | | 43.05 | | | | 0.30 | | | | (0.63 | ) | | | (0.33 | ) | | | (0.26 | ) | | | (3.10 | ) | | | (3.36 | ) | | | 39.36 | | | | (0.55 | ) | | | 939,300 | | | | 0.72 | | | | 0.72 | (8) | | | 0.78 | | | | 88 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| Hartford Core Equity Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 33.40 | | | $ | 0.26 | | | $ | 3.23 | | | $ | 3.49 | | | $ | (0.23 | ) | | $ | (0.62 | ) | | $ | (0.85 | ) | | $ | 36.04 | | | | 10.58 | % | | $ | 1,140,994 | | | | 0.73 | % | | | 0.72 | % | | | 0.77 | % | | | 22 | % |
C | | | 30.35 | | | | 0.01 | | | | 2.92 | | | | 2.93 | | | | (0.04 | ) | | | (0.62 | ) | | | (0.66 | ) | | | 32.62 | | | | 9.74 | | | | 443,989 | | | | 1.47 | | | | 1.47 | | | | 0.03 | | | | 22 | |
I | | | 33.50 | | | | 0.35 | | | | 3.24 | | | | 3.59 | | | | (0.31 | ) | | | (0.62 | ) | | | (0.93 | ) | | | 36.16 | | | | 10.87 | | | | 2,936,718 | | | | 0.46 | | | | 0.46 | | | | 1.03 | | | | 22 | |
R3 | | | 33.86 | | | | 0.15 | | | | 3.26 | | | | 3.41 | | | | (0.11 | ) | | | (0.62 | ) | | | (0.73 | ) | | | 36.54 | | | | 10.17 | | | | 46,674 | | | | 1.07 | | | | 1.07 | | | | 0.43 | | | | 22 | |
R4 | | | 34.44 | | | | 0.27 | | | | 3.33 | | | | 3.60 | | | | (0.22 | ) | | | (0.62 | ) | | | (0.84 | ) | | | 37.20 | | | | 10.58 | | | | 169,267 | | | | 0.78 | | | | 0.73 | | | | 0.77 | | | | 22 | |
R5 | | | 33.75 | | | | 0.36 | | | | 3.25 | | | | 3.61 | | | | (0.30 | ) | | | (0.62 | ) | | | (0.92 | ) | | | 36.44 | | | | 10.85 | | | | 188,738 | | | | 0.47 | | | | 0.47 | | | | 1.04 | | | | 22 | |
R6 | | | 33.91 | | | | 0.38 | | | | 3.29 | | | | 3.67 | | | | (0.34 | ) | | | (0.62 | ) | | | (0.96 | ) | | | 36.62 | | | | 10.96 | | | | 746,018 | | | | 0.38 | | | | 0.38 | | | | 1.10 | | | | 22 | |
Y | | | 33.90 | | | | 0.36 | | | | 3.28 | | | | 3.64 | | | | (0.32 | ) | | | (0.62 | ) | | | (0.94 | ) | | | 36.60 | | | | 10.89 | | | | 668,655 | | | | 0.47 | | | | 0.45 | | | | 1.05 | | | | 22 | |
F | | | 33.52 | | | | 0.38 | | | | 3.25 | | | | 3.63 | | | | (0.34 | ) | | | (0.62 | ) | | | (0.96 | ) | | | 36.19 | | | | 10.97 | | | | 2,251,700 | | | | 0.38 | | | | 0.38 | | | | 1.12 | | | | 22 | |
| | | | | | | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 30.17 | | | $ | 0.27 | | | $ | 4.40 | | | $ | 4.67 | | | $ | (0.21 | ) | | $ | (1.23 | ) | | $ | (1.44 | ) | | $ | 33.40 | | | | 16.60 | % | | $ | 881,587 | | | | 0.74 | % | | | 0.73 | % | | | 0.88 | % | | | 15 | % |
C | | | 27.53 | | | | 0.04 | | | | 4.01 | | | | 4.05 | | | | — | | | | (1.23 | ) | | | (1.23 | ) | | | 30.35 | | | | 15.71 | | | | 366,553 | | | | 1.47 | | | | 1.47 | | | | 0.14 | | | | 15 | |
I | | | 30.26 | | | | 0.35 | | | | 4.40 | | | | 4.75 | | | | (0.28 | ) | | | (1.23 | ) | | | (1.51 | ) | | | 33.50 | | | | 16.91 | | | | 1,740,669 | | | | 0.47 | | | | 0.47 | | | | 1.14 | | | | 15 | |
R3 | | | 30.52 | | | | 0.16 | | | | 4.48 | | | | 4.64 | | | | (0.07 | ) | | | (1.23 | ) | | | (1.30 | ) | | | 33.86 | | | | 16.18 | | | | 34,158 | | | | 1.10 | | | | 1.10 | | | | 0.52 | | | | 15 | |
R4 | | | 31.03 | | | | 0.28 | | | | 4.54 | | | | 4.82 | | | | (0.18 | ) | | | (1.23 | ) | | | (1.41 | ) | | | 34.44 | | | | 16.59 | | | | 150,159 | | | | 0.77 | | | | 0.74 | | | | 0.88 | | | | 15 | |
R5 | | | 30.47 | | | | 0.35 | | | | 4.44 | | | | 4.79 | | | | (0.28 | ) | | | (1.23 | ) | | | (1.51 | ) | | | 33.75 | | | | 16.90 | | | | 231,879 | | | | 0.49 | | | | 0.49 | | | | 1.13 | | | | 15 | |
R6 | | | 30.61 | | | | 0.38 | | | | 4.46 | | | | 4.84 | | | | (0.31 | ) | | | (1.23 | ) | | | (1.54 | ) | | | 33.91 | | | | 17.01 | | | | 259,706 | | | | 0.38 | | | | 0.38 | | | | 1.22 | | | | 15 | |
Y | | | 30.61 | | | | 0.37 | | | | 4.45 | | | | 4.82 | | | | (0.30 | ) | | | (1.23 | ) | | | (1.53 | ) | | | 33.90 | | | | 16.94 | | | | 371,580 | | | | 0.46 | | | | 0.43 | | | | 1.18 | | | | 15 | |
F | | | 30.28 | | | | 0.38 | | | | 4.40 | | | | 4.78 | | | | (0.31 | ) | | | (1.23 | ) | | | (1.54 | ) | | | 33.52 | | | | 17.00 | | | | 1,655,619 | | | | 0.38 | | | | 0.38 | | | | 1.21 | | | | 15 | |
| | | | | | | | | |
For the Year Ended October 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 28.53 | | | $ | 0.22 | | | $ | 2.42 | | | $ | 2.64 | | | $ | (0.25 | ) | | $ | (0.75 | ) | | $ | (1.00 | ) | | $ | 30.17 | | | | 9.41 | % | | $ | 666,354 | | | | 0.74 | % | | | 0.74 | % | | | 0.73 | % | | | 22 | % |
C | | | 26.13 | | | | — | | | | 2.22 | | | | 2.22 | | | | (0.07 | ) | | | (0.75 | ) | | | (0.82 | ) | | | 27.53 | | | | 8.61 | | | | 293,064 | | | | 1.48 | | | | 1.48 | | | | — | | | | 22 | |
I | | | 28.60 | | | | 0.30 | | | | 2.43 | | | | 2.73 | | | | (0.32 | ) | | | (0.75 | ) | | | (1.07 | ) | | | 30.26 | | | | 9.72 | | | | 1,130,600 | | | | 0.47 | | | | 0.47 | | | | 1.00 | | | | 22 | |
R3 | | | 28.85 | | | | 0.12 | | | | 2.44 | | | | 2.56 | | | | (0.14 | ) | | | (0.75 | ) | | | (0.89 | ) | | | 30.52 | | | | 9.02 | | | | 34,765 | | | | 1.10 | | | | 1.10 | | | | 0.38 | | | | 22 | |
R4 | | | 29.32 | | | | 0.22 | | | | 2.48 | | | | 2.70 | | | | (0.24 | ) | | | (0.75 | ) | | | (0.99 | ) | | | 31.03 | | | | 9.37 | | | | 144,866 | | | | 0.79 | | | | 0.76 | | | | 0.72 | | | | 22 | |
R5 | | | 28.81 | | | | 0.30 | | | | 2.44 | | | | 2.74 | | | | (0.33 | ) | | | (0.75 | ) | | | (1.08 | ) | | | 30.47 | | | | 9.69 | | | | 201,510 | | | | 0.49 | | | | 0.49 | | | | 0.99 | | | | 22 | |
R6 | | | 28.93 | | | | 0.33 | | | | 2.45 | | | | 2.78 | | | | (0.35 | ) | | | (0.75 | ) | | | (1.10 | ) | | | 30.61 | | | | 9.80 | | | | 146,643 | | | | 0.39 | | | | 0.39 | | | | 1.08 | | | | 22 | |
Y | | | 28.93 | | | | 0.32 | | | | 2.45 | | | | 2.77 | | | | (0.34 | ) | | | (0.75 | ) | | | (1.09 | ) | | | 30.61 | | | | 9.77 | | | | 216,788 | | | | 0.42 | | | | 0.42 | | | | 1.06 | | | | 22 | |
F | | | 28.63 | | | | 0.33 | | | | 2.42 | | | | 2.75 | | | | (0.35 | ) | | | (0.75 | ) | | | (1.10 | ) | | | 30.28 | | | | 9.80 | | | | 635,245 | | | | 0.39 | | | | 0.39 | | | | 1.09 | | | | 22 | |
| | | | | | | | | |
For the Year Ended October 31, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 23.87 | | | $ | 0.27 | | | $ | 4.70 | | | $ | 4.97 | | | $ | (0.12 | ) | | $ | (0.19 | ) | | $ | (0.31 | ) | | $ | 28.53 | | | | 21.06 | % | | $ | 631,817 | | | | 0.75 | % | | | 0.75 | % | | | 1.05 | % | | | 39 | % |
C | | | 21.94 | | | | 0.07 | | | | 4.33 | | | | 4.40 | | | | (0.02 | ) | | | (0.19 | ) | | | (0.21 | ) | | | 26.13 | | | | 20.20 | | | | 316,886 | | | | 1.50 | | | | 1.50 | | | | 0.30 | | | | 39 | |
I | | | 23.93 | | | | 0.34 | | | | 4.71 | | | | 5.05 | | | | (0.19 | ) | | | (0.19 | ) | | | (0.38 | ) | | | 28.60 | | | | 21.37 | | | | 982,686 | | | | 0.52 | | | | 0.52 | | | | 1.30 | | | | 39 | |
R3 | | | 24.18 | | | | 0.19 | | | | 4.77 | | | | 4.96 | | | | (0.10 | ) | | | (0.19 | ) | | | (0.29 | ) | | | 28.85 | | | | 20.71 | | | | 43,004 | | | | 1.11 | | | | 1.09 | | | | 0.72 | | | | 39 | |
R4 | | | 24.54 | | | | 0.27 | | | | 4.84 | | | | 5.11 | | | | (0.14 | ) | | | (0.19 | ) | | | (0.33 | ) | | | 29.32 | | | | 21.05 | | | | 172,584 | | | | 0.81 | | | | 0.79 | | | | 1.01 | | | | 39 | |
R5 | | | 24.10 | | | | 0.35 | | | | 4.75 | | | | 5.10 | | | | (0.20 | ) | | | (0.19 | ) | | | (0.39 | ) | | | 28.81 | | | | 21.41 | | | | 192,359 | | | | 0.51 | | | | 0.49 | | | | 1.31 | | | | 39 | |
R6 | | | 24.19 | | | | 0.37 | | | | 4.77 | | | | 5.14 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | 28.93 | | | | 21.52 | | | | 118,527 | | | | 0.41 | | | | 0.41 | | | | 1.38 | | | | 39 | |
Y | | | 24.20 | | | | 0.35 | | | | 4.78 | | | | 5.13 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | 28.93 | | | | 21.47 | | | | 148,542 | | | | 0.42 | | | | 0.42 | | | | 1.33 | | | | 39 | |
F(5) | | | 26.05 | | | | 0.26 | | | | 2.32 | | | | 2.58 | | | | — | | | | — | | | | — | | | | 28.63 | | | | 9.90 | (6) | | | 585,057 | | | | 0.41 | (7) | | | 0.41 | (7) | | | 1.39 | (7) | | | 39 | |
| | | | | | | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A | | $ | 24.05 | | | $ | 0.15 | | | $ | 0.13 | | | $ | 0.28 | | | $ | (0.03 | ) | | $ | (0.43 | ) | | $ | (0.46 | ) | | $ | 23.87 | | | | 1.21 | % | | $ | 703,896 | | | | 0.80 | % | | | 0.80 | %(9) | | | 0.64 | % | | | 29 | % |
B | | | 22.33 | | | | (0.02 | ) | | | 0.11 | | | | 0.09 | | | | — | | | | (0.43 | ) | | | (0.43 | ) | | | 21.99 | | | | 0.43 | | | | 766 | | | | 1.96 | | | | 1.55 | (9) | | | (0.10 | ) | | | 29 | |
C | | | 22.27 | | | | (0.03 | ) | | | 0.13 | | | | 0.10 | | | | — | | | | (0.43 | ) | | | (0.43 | ) | | | 21.94 | | | | 0.47 | | | | 281,383 | | | | 1.55 | | | | 1.55 | (9) | | | (0.12 | ) | | | 29 | |
I | | | 24.09 | | | | 0.21 | | | | 0.13 | | | | 0.34 | | | | (0.07 | ) | | | (0.43 | ) | | | (0.50 | ) | | | 23.93 | | | | 1.47 | | | | 749,824 | | | | 0.55 | | | | 0.55 | (9) | | | 0.88 | | | | 29 | |
R3 | | | 24.44 | | | | 0.08 | | | | 0.13 | | | | 0.21 | | | | (0.04 | ) | | | (0.43 | ) | | | (0.47 | ) | | | 24.18 | | | | 0.89 | | | | 36,012 | | | | 1.14 | | | | 1.10 | (9) | | | 0.33 | | | | 29 | |
R4 | | | 24.73 | | | | 0.15 | | | | 0.14 | | | | 0.29 | | | | (0.05 | ) | | | (0.43 | ) | | | (0.48 | ) | | | 24.54 | | | | 1.21 | | | | 144,490 | | | | 0.83 | | | | 0.80 | (9) | | | 0.63 | | | | 29 | |
R5 | | | 24.25 | | | | 0.22 | | | | 0.14 | | | | 0.36 | | | | (0.08 | ) | | | (0.43 | ) | | | (0.51 | ) | | | 24.10 | | | | 1.52 | | | | 121,871 | | | | 0.53 | | | | 0.50 | (9) | | | 0.93 | | | | 29 | |
R6 | | | 24.33 | | | | 0.24 | | | | 0.13 | | | | 0.37 | | | | (0.08 | ) | | | (0.43 | ) | | | (0.51 | ) | | | 24.19 | | | | 1.55 | | | | 32,059 | | | | 0.43 | | | | 0.43 | (9) | | | 1.00 | | | | 29 | |
Y | | | 24.33 | | | | 0.24 | | | | 0.13 | | | | 0.37 | | | | (0.07 | ) | | | (0.43 | ) | | | (0.50 | ) | | | 24.20 | | | | 1.58 | | | | 281,692 | | | | 0.43 | | | | 0.43 | (9) | | | 0.99 | | | | 29 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Dividend and Growth Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 25.93 | | | $ | 0.39 | | | $ | (0.94 | ) | | $ | (0.55 | ) | | $ | (0.37 | ) | | $ | (0.75 | ) | | $ | (1.12 | ) | | $ | 24.26 | | | | (2.20 | )% | | $ | 3,385,907 | | | | 1.00 | % | | | 1.00 | % | | | 1.61 | % | | | 28 | % |
C | | | 24.96 | | | | 0.20 | | | | (0.92 | ) | | | (0.72 | ) | | | (0.18 | ) | | | (0.75 | ) | | | (0.93 | ) | | | 23.31 | | | | (3.01 | ) | | | 138,431 | | | | 1.78 | | | | 1.78 | | | | 0.84 | | | | 28 | |
I | | | 25.80 | | | | 0.45 | | | | (0.94 | ) | | | (0.49 | ) | | | (0.44 | ) | | | (0.75 | ) | | | (1.19 | ) | | | 24.12 | | | | (1.97 | ) | | | 1,681,761 | | | | 0.73 | | | | 0.73 | | | | 1.86 | | | | 28 | |
R3 | | | 26.32 | | | | 0.31 | | | | (0.95 | ) | | | (0.64 | ) | | | (0.28 | ) | | | (0.75 | ) | | | (1.03 | ) | | | 24.65 | | | | (2.54 | ) | | | 54,642 | | | | 1.35 | | | | 1.35 | | | | 1.26 | | | | 28 | |
R4 | | | 26.52 | | | | 0.39 | | | | (0.97 | ) | | | (0.58 | ) | | | (0.35 | ) | | | (0.75 | ) | | | (1.10 | ) | | | 24.84 | | | | (2.26 | ) | | | 82,299 | | | | 1.05 | | | | 1.05 | | | | 1.56 | | | | 28 | |
R5 | | | 26.64 | | | | 0.47 | | | | (0.98 | ) | | | (0.51 | ) | | | (0.43 | ) | | | (0.75 | ) | | | (1.18 | ) | | | 24.95 | | | | (1.97 | ) | | | 177,851 | | | | 0.74 | | | | 0.74 | | | | 1.86 | | | | 28 | |
R6 | | | 26.64 | | | | 0.49 | | | | (0.97 | ) | | | (0.48 | ) | | | (0.46 | ) | | | (0.75 | ) | | | (1.21 | ) | | | 24.95 | | | | (1.87 | ) | | | 196,065 | | | | 0.65 | | | | 0.65 | | | | 1.94 | | | | 28 | |
Y | | | 26.64 | | | | 0.48 | | | | (0.97 | ) | | | (0.49 | ) | | | (0.45 | ) | | | (0.75 | ) | | | (1.20 | ) | | | 24.95 | | | | (1.91 | ) | | | 735,618 | | | | 0.73 | | | | 0.68 | | | | 1.92 | | | | 28 | |
F | | | 25.78 | | | | 0.48 | | | | (0.95 | ) | | | (0.47 | ) | | | (0.46 | ) | | | (0.75 | ) | | | (1.21 | ) | | | 24.10 | | | | (1.89 | ) | | | 2,736,317 | | | | 0.64 | | | | 0.64 | | | | 1.96 | | | | 28 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 25.63 | | | $ | 0.40 | | | $ | 2.63 | | | $ | 3.03 | | | $ | (0.38 | ) | | $ | (2.35 | ) | | $ | (2.73 | ) | | $ | 25.93 | | | | 13.75 | % | | $ | 3,739,696 | | | | 1.00 | % | | | 0.99 | % | | | 1.65 | % | | | 22 | % |
C | | | 24.75 | | | | 0.21 | | | | 2.53 | | | | 2.74 | | | | (0.18 | ) | | | (2.35 | ) | | | (2.53 | ) | | | 24.96 | | | | 12.92 | | | | 192,715 | | | | 1.77 | | | | 1.77 | | | | 0.89 | | | | 22 | |
I | | | 25.51 | | | | 0.46 | | | | 2.63 | | | | 3.09 | | | | (0.45 | ) | | | (2.35 | ) | | | (2.80 | ) | | | 25.80 | | | | 14.08 | | | | 1,079,962 | | | | 0.73 | | | | 0.73 | | | | 1.89 | | | | 22 | |
R3 | | | 25.97 | | | | 0.32 | | | | 2.67 | | | | 2.99 | | | | (0.29 | ) | | | (2.35 | ) | | | (2.64 | ) | | | 26.32 | | | | 13.33 | | | | 66,115 | | | | 1.36 | | | | 1.35 | | | | 1.30 | | | | 22 | |
R4 | | | 26.14 | | | | 0.40 | | | | 2.69 | | | | 3.09 | | | | (0.36 | ) | | | (2.35 | ) | | | (2.71 | ) | | | 26.52 | | | | 13.71 | | | | 111,451 | | | | 1.04 | | | | 1.04 | | | | 1.61 | | | | 22 | |
R5 | | | 26.25 | | | | 0.47 | | | | 2.71 | | | | 3.18 | | | | (0.44 | ) | | | (2.35 | ) | | | (2.79 | ) | | | 26.64 | | | | 14.05 | | | | 193,707 | | | | 0.74 | | | | 0.74 | | | | 1.89 | | | | 22 | |
R6 | | | 26.25 | | | | 0.50 | | | | 2.71 | | | | 3.21 | | | | (0.47 | ) | | | (2.35 | ) | | | (2.82 | ) | | | 26.64 | | | | 14.16 | | | | 119,159 | | | | 0.64 | | | | 0.64 | | | | 1.98 | | | | 22 | |
Y | | | 26.25 | | | | 0.49 | | | | 2.70 | | | | 3.19 | | | | (0.45 | ) | | | (2.35 | ) | | | (2.80 | ) | | | 26.64 | | | | 14.10 | | | | 696,309 | | | | 0.71 | | | | 0.68 | | | | 1.96 | | | | 22 | |
F | | | 25.50 | | | | 0.49 | | | | 2.61 | | | | 3.10 | | | | (0.47 | ) | | | (2.35 | ) | | | (2.82 | ) | | | 25.78 | | | | 14.15 | | | | 2,844,206 | | | | 0.64 | | | | 0.64 | | | | 2.00 | | | | 22 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 27.46 | | | $ | 0.39 | | | $ | 0.80 | | | $ | 1.19 | | | $ | (0.38 | ) | | $ | (2.64 | ) | | $ | (3.02 | ) | | $ | 25.63 | | | | 4.38 | % | | $ | 3,521,062 | | | | 0.99 | % | | | 0.99 | % | | | 1.49 | % | | | 31 | % |
C | | | 26.62 | | | | 0.19 | | | | 0.77 | | | | 0.96 | | | | (0.19 | ) | | | (2.64 | ) | | | (2.83 | ) | | | 24.75 | | | | 3.58 | | | | 228,076 | | | | 1.76 | | | | 1.75 | | | | 0.76 | | | | 31 | |
I | | | 27.35 | | | | 0.46 | | | | 0.79 | | | | 1.25 | | | | (0.45 | ) | | | (2.64 | ) | | | (3.09 | ) | | | 25.51 | | | | 4.68 | | | | 847,646 | | | | 0.73 | | | | 0.73 | | | | 1.75 | | | | 31 | |
R3 | | | 27.78 | | | | 0.30 | | | | 0.81 | | | | 1.11 | | | | (0.28 | ) | | | (2.64 | ) | | | (2.92 | ) | | | 25.97 | | | | 4.03 | | | | 72,723 | | | | 1.35 | | | | 1.35 | | | | 1.13 | | | | 31 | |
R4 | | | 27.95 | | | | 0.39 | | | | 0.80 | | | | 1.19 | | | | (0.36 | ) | | | (2.64 | ) | | | (3.00 | ) | | | 26.14 | | | | 4.32 | | | | 131,649 | | | | 1.04 | | | | 1.04 | | | | 1.44 | | | | 31 | |
R5 | | | 28.05 | | | | 0.47 | | | | 0.82 | | | | 1.29 | | | | (0.45 | ) | | | (2.64 | ) | | | (3.09 | ) | | | 26.25 | | | | 4.65 | | | | 146,918 | | | | 0.74 | | | | 0.74 | | | | 1.74 | | | | 31 | |
R6 | | | 28.05 | | | | 0.49 | | | | 0.82 | | | | 1.31 | | | | (0.47 | ) | | | (2.64 | ) | | | (3.11 | ) | | | 26.25 | | | | 4.76 | | | | 74,795 | | | | 0.64 | | | | 0.64 | | | | 1.84 | | | | 31 | |
Y | | | 28.05 | | | | 0.49 | | | | 0.81 | | | | 1.30 | | | | (0.46 | ) | | | (2.64 | ) | | | (3.10 | ) | | | 26.25 | | | | 4.72 | | | | 616,454 | | | | 0.68 | | | | 0.68 | | | | 1.80 | | | | 31 | |
F | | | 27.33 | | | | 0.48 | | | | 0.80 | | | | 1.28 | | | | (0.47 | ) | | | (2.64 | ) | | | (3.11 | ) | | | 25.50 | | | | 4.77 | | | | 2,591,584 | | | | 0.64 | | | | 0.64 | | | | 1.84 | | | | 31 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 23.49 | | | $ | 0.39 | | | $ | 4.75 | | | $ | 5.14 | | | $ | (0.38 | ) | | $ | (0.79 | ) | | $ | (1.17 | ) | | $ | 27.46 | | | | 22.40 | % | | $ | 3,619,123 | | | | 1.00 | % | | | 1.00 | % | | | 1.52 | % | | | 26 | % |
C | | | 22.80 | | | | 0.19 | | | | 4.62 | | | | 4.81 | | | | (0.20 | ) | | | (0.79 | ) | | | (0.99 | ) | | | 26.62 | | | | 21.54 | | | | 449,961 | | | | 1.74 | | | | 1.74 | | | | 0.78 | | | | 26 | |
I | | | 23.38 | | | | 0.44 | | | | 4.74 | | | | 5.18 | | | | (0.42 | ) | | | (0.79 | ) | | | (1.21 | ) | | | 27.35 | | | | 22.67 | | | | 775,427 | | | | 0.80 | | | | 0.80 | | | | 1.75 | | | | 26 | |
R3 | | | 23.75 | | | | 0.30 | | | | 4.81 | | | | 5.11 | | | | (0.29 | ) | | | (0.79 | ) | | | (1.08 | ) | | | 27.78 | | | | 21.97 | | | | 77,175 | | | | 1.35 | | | | 1.35 | | | | 1.17 | | | | 26 | |
R4 | | | 23.89 | | | | 0.38 | | | | 4.84 | | | | 5.22 | | | | (0.37 | ) | | | (0.79 | ) | | | (1.16 | ) | | | 27.95 | | | | 22.34 | | | | 142,563 | | | | 1.05 | | | | 1.05 | | | | 1.47 | | | | 26 | |
R5 | | | 23.97 | | | | 0.46 | | | | 4.86 | | | | 5.32 | | | | (0.45 | ) | | | (0.79 | ) | | | (1.24 | ) | | | 28.05 | | | | 22.72 | | | | 132,739 | | | | 0.74 | | | | 0.74 | | | | 1.76 | | | | 26 | |
R6 | | | 23.97 | | | | 0.46 | | | | 4.88 | | | | 5.34 | | | | (0.47 | ) | | | (0.79 | ) | | | (1.26 | ) | | | 28.05 | | | | 22.83 | | | | 10,957 | | | | 0.65 | | | | 0.64 | | | | 1.75 | | | | 26 | |
Y | | | 23.97 | | | | 0.50 | | | | 4.84 | | | | 5.34 | | | | (0.47 | ) | | | (0.79 | ) | | | (1.26 | ) | | | 28.05 | | | | 22.81 | | | | 605,049 | | | | 0.66 | | | | 0.66 | | | | 1.94 | | | | 26 | |
F(5) | | | 25.51 | | | | 0.29 | | | | 1.86 | | | | 2.15 | | | | (0.33 | ) | | | — | | | | (0.33 | ) | | | 27.33 | | | | 8.49 | (6) | | | 2,570,906 | | | | 0.64 | (7) | | | 0.64 | (7) | | | 1.66 | (7) | | | 26 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 24.99 | | | $ | 0.37 | | | $ | 0.50 | | | $ | 0.87 | | | $ | (0.34 | ) | | $ | (2.03 | ) | | $ | (2.37 | ) | | $ | 23.49 | | | | 4.12 | % | | $ | 3,501,684 | | | | 1.03 | % | | | 1.03 | %(10) | | | 1.59 | % | | | 22 | % |
B | | | 24.55 | | | | 0.16 | | | | 0.47 | | | | 0.63 | | | | (0.11 | ) | | | (2.03 | ) | | | (2.14 | ) | | | 23.04 | | | | 3.12 | | | | 19,716 | | | | 2.01 | | | | 1.96 | (10) | | | 0.71 | | | | 22 | |
C | | | 24.34 | | | | 0.19 | | | | 0.47 | | | | 0.66 | | | | (0.17 | ) | | | (2.03 | ) | | | (2.20 | ) | | | 22.80 | | | | 3.31 | | | | 437,961 | | | | 1.77 | | | | 1.77 | (10) | | | 0.85 | | | | 22 | |
I | | | 24.89 | | | | 0.41 | | | | 0.50 | | | | 0.91 | | | | (0.39 | ) | | | (2.03 | ) | | | (2.42 | ) | | | 23.38 | | | | 4.31 | | | | 1,779,168 | | | | 0.83 | | | | 0.83 | (10) | | | 1.78 | | | | 22 | |
R3 | | | 25.24 | | | | 0.29 | | | | 0.51 | | | | 0.80 | | | | (0.26 | ) | | | (2.03 | ) | | | (2.29 | ) | | | 23.75 | | | | 3.78 | | | | 79,400 | | | | 1.36 | | | | 1.36 | (10) | | | 1.26 | | | | 22 | |
R4 | | | 25.37 | | | | 0.37 | | | | 0.51 | | | | 0.88 | | | | (0.33 | ) | | | (2.03 | ) | | | (2.36 | ) | | | 23.89 | | | | 4.10 | | | | 136,673 | | | | 1.06 | | | | 1.06 | (10) | | | 1.56 | | | | 22 | |
R5 | | | 25.44 | | | | 0.44 | | | | 0.51 | | | | 0.95 | | | | (0.39 | ) | | | (2.03 | ) | | | (2.42 | ) | | | 23.97 | | | | 4.41 | | | | 104,487 | | | | 0.76 | | | | 0.76 | (10) | | | 1.89 | | | | 22 | |
R6 | | | 25.44 | | | | 0.42 | | | | 0.55 | | | | 0.97 | | | | (0.41 | ) | | | (2.03 | ) | | | (2.44 | ) | | | 23.97 | | | | 4.48 | | | | 2,964 | | | | 0.66 | | | | 0.66 | (10) | | | 1.76 | | | | 22 | |
Y | | | 25.45 | | | | 0.46 | | | | 0.51 | | | | 0.97 | | | | (0.42 | ) | | | (2.03 | ) | | | (2.45 | ) | | | 23.97 | | | | 4.50 | | | | 1,460,506 | | | | 0.66 | | | | 0.66 | (10) | | | 1.95 | | | | 22 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Equity Income Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 19.99 | | | $ | 0.34 | | | $ | (1.21 | ) | | $ | (0.87 | ) | | $ | (0.31 | ) | | $ | (1.26 | ) | | $ | (1.57 | ) | | $ | 17.55 | | | | (4.68 | )% | | $ | 1,365,895 | | | | 1.00 | % | | | 1.00 | % | | | 1.89 | % | | | 31 | % |
C | | | 19.88 | | | | 0.21 | | | | (1.20 | ) | | | (0.99 | ) | | | (0.17 | ) | | | (1.26 | ) | | | (1.43 | ) | | | 17.46 | | | | (5.38 | ) | | | 191,917 | | | | 1.76 | | | | 1.76 | | | | 1.15 | | | | 31 | |
I | | | 19.88 | | | | 0.38 | | | | (1.20 | ) | | | (0.82 | ) | | | (0.36 | ) | | | (1.26 | ) | | | (1.62 | ) | | | 17.44 | | | | (4.44 | ) | | | 977,950 | | | | 0.74 | | | | 0.74 | | | | 2.13 | | | | 31 | |
R3 | | | 20.02 | | | | 0.28 | | | | (1.20 | ) | | | (0.92 | ) | | | (0.25 | ) | | | (1.26 | ) | | | (1.51 | ) | | | 17.59 | | | | (4.97 | ) | | | 31,778 | | | | 1.36 | | | | 1.36 | | | | 1.55 | | | | 31 | |
R4 | | | 20.06 | | | | 0.33 | | | | (1.21 | ) | | | (0.88 | ) | | | (0.30 | ) | | | (1.26 | ) | | | (1.56 | ) | | | 17.62 | | | | (4.72 | ) | | | 41,386 | | | | 1.05 | | | | 1.05 | | | | 1.85 | | | | 31 | |
R5 | | | 20.16 | | | | 0.39 | | | | (1.22 | ) | | | (0.83 | ) | | | (0.36 | ) | | | (1.26 | ) | | | (1.62 | ) | | | 17.71 | | | | (4.46 | ) | | | 56,329 | | | | 0.77 | | | | 0.77 | | | | 2.14 | | | | 31 | |
R6 | | | 20.21 | | | | 0.40 | | | | (1.21 | ) | | | (0.81 | ) | | | (0.38 | ) | | | (1.26 | ) | | | (1.64 | ) | | | 17.76 | | | | (4.34 | ) | | | 55,448 | | | | 0.66 | | | | 0.66 | | | | 2.22 | | | | 31 | |
Y | | | 20.22 | | | | 0.40 | | | | (1.23 | ) | | | (0.83 | ) | | | (0.37 | ) | | | (1.26 | ) | | | (1.63 | ) | | | 17.76 | | | | (4.40 | ) | | | 81,615 | | | | 0.76 | | | | 0.71 | | | | 2.20 | | | | 31 | |
F | | | 19.87 | | | | 0.40 | | | | (1.19 | ) | | | (0.79 | ) | | | (0.38 | ) | | | (1.26 | ) | | | (1.64 | ) | | | 17.44 | | | | (4.31 | ) | | | 889,727 | | | | 0.66 | | | | 0.66 | | | | 2.23 | | | | 31 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 19.39 | | | $ | 0.38 | | | $ | 2.02 | | | $ | 2.40 | | | $ | (0.36 | ) | | $ | (1.44 | ) | | $ | (1.80 | ) | | $ | 19.99 | | | | 13.88 | % | | $ | 1,565,663 | | | | 1.00 | % | | | 1.00 | % | | | 2.01 | % | | | 21 | % |
C | | | 19.29 | | | | 0.24 | | | | 2.00 | | | | 2.24 | | | | (0.21 | ) | | | (1.44 | ) | | | (1.65 | ) | | | 19.88 | | | | 13.00 | | | | 292,388 | | | | 1.76 | | | | 1.76 | | | | 1.27 | | | | 21 | |
I | | | 19.29 | | | | 0.43 | | | | 2.01 | | | | 2.44 | | | | (0.41 | ) | | | (1.44 | ) | | | (1.85 | ) | | | 19.88 | | | | 14.17 | | | | 959,142 | | | | 0.75 | | | | 0.75 | | | | 2.26 | | | | 21 | |
R3 | | | 19.41 | | | | 0.32 | | | | 2.02 | | | | 2.34 | | | | (0.29 | ) | | | (1.44 | ) | | | (1.73 | ) | | | 20.02 | | | | 13.48 | | | | 43,474 | | | | 1.36 | | | | 1.36 | | | | 1.66 | | | | 21 | |
R4 | | | 19.44 | | | | 0.37 | | | | 2.04 | | | | 2.41 | | | | (0.35 | ) | | | (1.44 | ) | | | (1.79 | ) | | | 20.06 | | | | 13.85 | | | | 53,957 | | | | 1.07 | | | | 1.07 | | | | 1.96 | | | | 21 | |
R5 | | | 19.54 | | | | 0.43 | | | | 2.04 | | | | 2.47 | | | | (0.41 | ) | | | (1.44 | ) | | | (1.85 | ) | | | 20.16 | | | | 14.14 | | | | 81,758 | | | | 0.76 | | | | 0.76 | | | | 2.25 | | | | 21 | |
R6 | | | 19.58 | | | | 0.45 | | | | 2.05 | | | | 2.50 | | | | (0.43 | ) | | | (1.44 | ) | | | (1.87 | ) | | | 20.21 | | | | 14.29 | | | | 52,201 | | | | 0.66 | | | | 0.66 | | | | 2.33 | | | | 21 | |
Y | | | 19.58 | | | | 0.45 | | | | 2.05 | | | | 2.50 | | | | (0.42 | ) | | | (1.44 | ) | | | (1.86 | ) | | | 20.22 | | | | 14.21 | | | | 105,015 | | | | 0.73 | | | | 0.71 | | | | 2.34 | | | | 21 | |
F | | | 19.29 | | | | 0.44 | | | | 2.01 | | | | 2.45 | | | | (0.43 | ) | | | (1.44 | ) | | | (1.87 | ) | | | 19.87 | | | | 14.24 | | | | 922,012 | | | | 0.66 | | | | 0.66 | | | | 2.34 | | | | 21 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 20.64 | | | $ | 0.38 | | | $ | (0.24 | ) | | $ | 0.14 | | | $ | (0.35 | ) | | $ | (1.04 | ) | | $ | (1.39 | ) | | $ | 19.39 | | | | 0.49 | % | | $ | 1,508,580 | | | | 1.00 | % | | | 1.00 | % | | | 1.90 | % | | | 22 | % |
C | | | 20.53 | | | | 0.23 | | | | (0.23 | ) | | | — | | | | (0.20 | ) | | | (1.04 | ) | | | (1.24 | ) | | | 19.29 | | | | (0.22 | ) | | | 330,741 | | | | 1.75 | | | | 1.75 | | | | 1.16 | | | | 22 | |
I | | | 20.54 | | | | 0.43 | | | | (0.24 | ) | | | 0.19 | | | | (0.40 | ) | | | (1.04 | ) | | | (1.44 | ) | | | 19.29 | | | | 0.77 | | | | 1,157,708 | | | | 0.74 | | | | 0.74 | | | | 2.14 | | | | 22 | |
R3 | | | 20.66 | | | | 0.31 | | | | (0.25 | ) | | | 0.06 | | | | (0.27 | ) | | | (1.04 | ) | | | (1.31 | ) | | | 19.41 | | | | 0.12 | | | | 46,820 | | | | 1.36 | | | | 1.36 | | | | 1.53 | | | | 22 | |
R4 | | | 20.69 | | | | 0.37 | | | | (0.24 | ) | | | 0.13 | | | | (0.34 | ) | | | (1.04 | ) | | | (1.38 | ) | | | 19.44 | | | | 0.43 | | | | 70,446 | | | | 1.06 | | | | 1.06 | | | | 1.83 | | | | 22 | |
R5 | | | 20.78 | | | | 0.43 | | | | (0.23 | ) | | | 0.20 | | | | (0.40 | ) | | | (1.04 | ) | | | (1.44 | ) | | | 19.54 | | | | 0.78 | | | | 79,557 | | | | 0.76 | | | | 0.76 | | | | 2.13 | | | | 22 | |
R6 | | | 20.83 | | | | 0.45 | | | | (0.24 | ) | | | 0.21 | | | | (0.42 | ) | | | (1.04 | ) | | | (1.46 | ) | | | 19.58 | | | | 0.83 | | | | 34,957 | | | | 0.66 | | | | 0.66 | | | | 2.22 | | | | 22 | |
Y | | | 20.83 | | | | 0.45 | | | | (0.25 | ) | | | 0.20 | | | | (0.41 | ) | | | (1.04 | ) | | | (1.45 | ) | | | 19.58 | | | | 0.79 | | | | 140,057 | | | | 0.70 | | | | 0.70 | | | | 2.19 | | | | 22 | |
F | | | 20.54 | | | | 0.45 | | | | (0.24 | ) | | | 0.21 | | | | (0.42 | ) | | | (1.04 | ) | | | (1.46 | ) | | | 19.29 | | | | 0.85 | | | | 774,529 | | | | 0.65 | | | | 0.65 | | | | 2.23 | | | | 22 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 17.97 | | | $ | 0.35 | | | $ | 3.24 | | | $ | 3.59 | | | $ | (0.32 | ) | | $ | (0.60 | ) | | $ | (0.92 | ) | | $ | 20.64 | | | | 20.51 | % | | $ | 1,685,398 | | | | 1.00 | % | | | 1.00 | % | | | 1.83 | % | | | 16 | % |
C | | | 17.89 | | | | 0.21 | | | | 3.21 | | | | 3.42 | | | | (0.18 | ) | | | (0.60 | ) | | | (0.78 | ) | | | 20.53 | | | | 19.56 | | | | 449,104 | | | | 1.74 | | | | 1.74 | | | | 1.09 | | | | 16 | |
I | | | 17.89 | | | | 0.39 | | | | 3.23 | | | | 3.62 | | | | (0.37 | ) | | | (0.60 | ) | | | (0.97 | ) | | | 20.54 | | | | 20.76 | | | | 1,111,235 | | | | 0.78 | | | | 0.78 | | | | 2.03 | | | | 16 | |
R3 | | | 17.99 | | | | 0.28 | | | | 3.24 | | | | 3.52 | | | | (0.25 | ) | | | (0.60 | ) | | | (0.85 | ) | | | 20.66 | | | | 20.06 | | | | 57,341 | | | | 1.37 | | | | 1.37 | | | | 1.46 | | | | 16 | |
R4 | | | 18.02 | | | | 0.34 | | | | 3.24 | | | | 3.58 | | | | (0.31 | ) | | | (0.60 | ) | | | (0.91 | ) | | | 20.69 | | | | 20.39 | | | | 79,632 | | | | 1.06 | | | | 1.06 | | | | 1.77 | | | | 16 | |
R5 | | | 18.09 | | | | 0.40 | | | | 3.26 | | | | 3.66 | | | | (0.37 | ) | | | (0.60 | ) | | | (0.97 | ) | | | 20.78 | | | | 20.77 | | | | 83,048 | | | | 0.76 | | | | 0.76 | | | | 2.06 | | | | 16 | |
R6 | | | 18.13 | | | | 0.41 | | | | 3.28 | | | | 3.69 | | | | (0.39 | ) | | | (0.60 | ) | | | (0.99 | ) | | | 20.83 | | | | 20.91 | | | | 29,284 | | | | 0.66 | | | | 0.66 | | | | 2.10 | | | | 16 | |
Y | | | 18.13 | | | | 0.45 | | | | 3.23 | | | | 3.68 | | | | (0.38 | ) | | | (0.60 | ) | | | (0.98 | ) | | | 20.83 | | | | 20.88 | | | | 141,479 | | | | 0.67 | | | | 0.67 | | | | 2.35 | | | | 16 | |
F(5) | | | 19.22 | | | | 0.24 | | | | 1.37 | | | | 1.61 | | | | (0.29 | ) | | | — | | | | (0.29 | ) | | | 20.54 | | | | 8.45 | (6) | | | 674,626 | | | | 0.66 | (7) | | | 0.66 | (7) | | | 1.84 | (7) | | | 16 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 18.70 | | | $ | 0.36 | | | $ | 0.64 | | | $ | 1.00 | | | $ | (0.33 | ) | | $ | (1.40 | ) | | $ | (1.73 | ) | | $ | 17.97 | | | | 6.13 | % | | $ | 1,676,572 | | | | 1.04 | % | | | 1.04 | % | | | 2.03 | % | | | 14 | % |
B | | | 18.72 | | | | 0.34 | | | | 0.64 | | | | 0.98 | | | | (0.30 | ) | | | (1.40 | ) | | | (1.70 | ) | | | 18.00 | | | | 6.01 | | | | 6,930 | | | | 1.18 | | | | 1.18 | | | | 1.95 | | | | 14 | |
C | | | 18.61 | | | | 0.23 | | | | 0.65 | | | | 0.88 | | | | (0.20 | ) | | | (1.40 | ) | | | (1.60 | ) | | | 17.89 | | | | 5.45 | | | | 452,909 | | | | 1.76 | | | | 1.76 | | | | 1.30 | | | | 14 | |
I | | | 18.62 | | | | 0.39 | | | | 0.66 | | | | 1.05 | | | | (0.38 | ) | | | (1.40 | ) | | | (1.78 | ) | | | 17.89 | | | | 6.45 | | | | 966,338 | | | | 0.78 | | | | 0.78 | | | | 2.25 | | | | 14 | |
R3 | | | 18.72 | | | | 0.30 | | | | 0.64 | | | | 0.94 | | | | (0.27 | ) | | | (1.40 | ) | | | (1.67 | ) | | | 17.99 | | | | 5.77 | | | | 54,732 | | | | 1.38 | | | | 1.38 | | | | 1.68 | | | | 14 | |
R4 | | | 18.74 | | | | 0.35 | | | | 0.65 | | | | 1.00 | | | | (0.32 | ) | | | (1.40 | ) | | | (1.72 | ) | | | 18.02 | | | | 6.14 | | | | 76,745 | | | | 1.07 | | | | 1.07 | | | | 1.98 | | | | 14 | |
R5 | | | 18.81 | | | | 0.41 | | | | 0.64 | | | | 1.05 | | | | (0.37 | ) | | | (1.40 | ) | | | (1.77 | ) | | | 18.09 | | | | 6.42 | | | | 65,276 | | | | 0.77 | | | | 0.77 | | | | 2.31 | | | | 14 | |
R6 | | | 18.84 | | | | 0.42 | | | | 0.66 | | | | 1.08 | | | | (0.39 | ) | | | (1.40 | ) | | | (1.79 | ) | | | 18.13 | | | | 6.57 | | | | 14,551 | | | | 0.67 | | | | 0.67 | | | | 2.38 | | | | 14 | |
Y | | | 18.84 | | | | 0.41 | | | | 0.67 | | | | 1.08 | | | | (0.39 | ) | | | (1.40 | ) | | | (1.79 | ) | | | 18.13 | | | | 6.57 | | | | 386,011 | | | | 0.67 | | | | 0.67 | | | | 2.35 | | | | 14 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Growth Opportunities Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 39.45 | | | $ | (0.30 | ) | | $ | 18.03 | | | $ | 17.73 | | | $ | — | | | $ | (2.53 | ) | | $ | (2.53 | ) | | $ | 54.65 | | | | 47.69 | % | | $ | 2,939,376 | | | | 1.10 | % | | | 1.09 | % | | | (0.66 | )% | | | 118 | % |
C | | | 20.50 | | | | (0.31 | ) | | | 8.81 | | | | 8.50 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 26.47 | | | | 46.64 | | | | 322,226 | | | | 1.85 | | | | 1.85 | | | | (1.41 | ) | | | 118 | |
I | | | 41.95 | | | | (0.19 | ) | | | 19.28 | | | | 19.09 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 58.51 | | | | 48.12 | | | | 1,722,100 | | | | 0.83 | | | | 0.83 | | | | (0.39 | ) | | | 118 | |
R3 | | | 39.41 | | | | (0.44 | ) | | | 17.97 | | | | 17.53 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 54.41 | | | | 47.21 | | | | 47,880 | | | | 1.44 | | | | 1.43 | | | | (0.99 | ) | | | 118 | |
R4 | | | 42.26 | | | | (0.33 | ) | | | 19.39 | | | | 19.06 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 58.79 | | | | 47.67 | | | | 70,918 | | | | 1.13 | | | | 1.13 | | | | (0.69 | ) | | | 118 | |
R5 | | | 44.78 | | | | (0.20 | ) | | | 20.64 | | | | 20.44 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 62.69 | | | | 48.09 | | | | 23,170 | | | | 0.85 | | | | 0.85 | | | | (0.40 | ) | | | 118 | |
R6 | | | 45.63 | | | | (0.17 | ) | | | 21.08 | | | | 20.91 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 64.01 | | | | 48.23 | | | | 40,559 | | | | 0.74 | | | | 0.74 | | | | (0.31 | ) | | | 118 | |
Y | | | 45.62 | | | | (0.20 | ) | | | 21.07 | | | | 20.87 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 63.96 | | | | 48.15 | | | | 433,672 | | | | 0.83 | | | | 0.78 | | | | (0.38 | ) | | | 118 | |
F | | | 42.09 | | | | (0.15 | ) | | | 19.36 | | | | 19.21 | | | | — | | | | (2.53 | ) | | | (2.53 | ) | | | 58.77 | | | | 48.25 | | | | 795,206 | | | | 0.74 | | | | 0.74 | | | | (0.31 | ) | | | 118 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 45.89 | | | $ | (0.25 | ) | | $ | 4.35 | | | $ | 4.10 | | | $ | — | | | $ | (10.54 | ) | | $ | (10.54 | ) | | $ | 39.45 | | | | 13.64 | % | | $ | 2,089,246 | | | | 1.12 | % | | | 1.11 | % | | | (0.64 | )% | | | 66 | % |
C | | | 29.36 | | | | (0.29 | ) | | | 1.97 | | | | 1.68 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 20.50 | | | | 12.79 | | | | 281,545 | | | | 1.86 | | | | 1.86 | | | | (1.39 | ) | | | 66 | |
I | | | 47.99 | | | | (0.16 | ) | | | 4.66 | | | | 4.50 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 41.95 | | | | 13.94 | | | | 1,500,756 | | | | 0.85 | | | | 0.85 | | | | (0.38 | ) | | | 66 | |
R3 | | | 45.98 | | | | (0.39 | ) | | | 4.36 | | | | 3.97 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 39.41 | | | | 13.25 | | | | 44,757 | | | | 1.47 | | | | 1.46 | | | | (1.00 | ) | | | 66 | |
R4 | | | 48.38 | | | | (0.29 | ) | | | 4.71 | | | | 4.42 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 42.26 | | | | 13.57 | | | | 67,104 | | | | 1.15 | | | | 1.15 | | | | (0.69 | ) | | | 66 | |
R5 | | | 50.48 | | | | (0.17 | ) | | | 5.01 | | | | 4.84 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 44.78 | | | | 13.92 | | | | 25,396 | | | | 0.85 | | | | 0.85 | | | | (0.39 | ) | | | 66 | |
R6 | | | 51.18 | | | | (0.13 | ) | | | 5.12 | | | | 4.99 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 45.63 | | | | 14.03 | | | | 22,765 | | | | 0.75 | | | | 0.75 | | | | (0.29 | ) | | | 66 | |
Y | | | 51.18 | | | | (0.15 | ) | | | 5.13 | | | | 4.98 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 45.62 | | | | 14.00 | | | | 164,390 | | | | 0.83 | | | | 0.79 | | | | (0.33 | ) | | | 66 | |
F | | | 48.07 | | | | (0.12 | ) | | | 4.68 | | | | 4.56 | | | | — | | | | (10.54 | ) | | | (10.54 | ) | | | 42.09 | | | | 14.07 | | | | 526,379 | | | | 0.74 | | | | 0.74 | | | | (0.28 | ) | | | 66 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 46.20 | | | $ | (0.29 | ) | | $ | 3.86 | | | $ | 3.57 | | | $ | — | | | $ | (3.88 | ) | | $ | (3.88 | ) | | $ | 45.89 | | | | 8.31 | % | | $ | 2,013,200 | | | | 1.11 | % | | | 1.11 | % | | | (0.61 | )% | | | 122 | % |
C | | | 31.15 | | | | (0.41 | ) | | | 2.50 | | | | 2.09 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 29.36 | | | | 7.49 | | | | 321,653 | | | | 1.85 | | | | 1.85 | | | | (1.35 | ) | | | 122 | |
I | | | 48.01 | | | | (0.17 | ) | | | 4.03 | | | | 3.86 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 47.99 | | | | 8.62 | | | | 1,674,141 | | | | 0.84 | | | | 0.84 | | | | (0.34 | ) | | | 122 | |
R3 | | | 46.43 | | | | (0.45 | ) | | | 3.88 | | | | 3.43 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 45.98 | | | | 7.94 | | | | 47,707 | | | | 1.46 | | | | 1.45 | | | | (0.95 | ) | | | 122 | |
R4 | | | 48.52 | | | | (0.32 | ) | | | 4.06 | | | | 3.74 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 48.38 | | | | 8.28 | | | | 79,229 | | | | 1.15 | | | | 1.15 | | | | (0.65 | ) | | | 122 | |
R5 | | | 50.31 | | | | (0.18 | ) | | | 4.23 | | | | 4.05 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 50.48 | | | | 8.60 | | | | 19,708 | | | | 0.86 | | | | 0.86 | | | | (0.35 | ) | | | 122 | |
R6 | | | 50.91 | | | | (0.14 | ) | | | 4.29 | | | | 4.15 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 51.18 | | | | 8.71 | | | | 12,061 | | | | 0.75 | | | | 0.75 | | | | (0.26 | ) | | | 122 | |
Y | | | 50.92 | | | | (0.15 | ) | | | 4.29 | | | | 4.14 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 51.18 | | | | 8.68 | | | | 127,721 | | | | 0.78 | | | | 0.78 | | | | (0.28 | ) | | | 122 | |
F | | | 48.05 | | | | (0.12 | ) | | | 4.02 | | | | 3.90 | | | | — | | | | (3.88 | ) | | | (3.88 | ) | | | 48.07 | | | | 8.71 | | | | 401,565 | | | | 0.75 | | | | 0.75 | | | | (0.25 | ) | | | 122 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 37.66 | | | $ | (0.23 | ) | | $ | 10.17 | | | $ | 9.94 | | | $ | — | | | $ | (1.40 | ) | | $ | (1.40 | ) | | $ | 46.20 | | | | 27.40 | % | | $ | 1,914,743 | | | | 1.11 | % | | | 1.10 | % | | | (0.57 | )% | | | 119 | % |
C | | | 26.03 | | | | (0.36 | ) | | | 6.88 | | | | 6.52 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 31.15 | | | | 26.46 | | | | 412,184 | | | | 1.86 | | | | 1.86 | | | | (1.32 | ) | | | 119 | |
I | | | 39.00 | | | | (0.15 | ) | | | 10.56 | | | | 10.41 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 48.01 | | | | 27.67 | | | | 1,546,058 | | | | 0.89 | | | | 0.89 | | | | (0.35 | ) | | | 119 | |
R3 | | | 37.96 | | | | (0.37 | ) | | | 10.24 | | | | 9.87 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 46.43 | | | | 26.95 | | | | 48,315 | | | | 1.46 | | | | 1.45 | | | | (0.92 | ) | | | 119 | |
R4 | | | 39.50 | | | | (0.26 | ) | | | 10.68 | | | | 10.42 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 48.52 | | | | 27.33 | | | | 81,413 | | | | 1.15 | | | | 1.15 | | | | (0.62 | ) | | | 119 | |
R5 | | | 40.78 | | | | (0.14 | ) | | | 11.07 | | | | 10.93 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.31 | | | | 27.74 | | | | 16,530 | | | | 0.86 | | | | 0.85 | | | | (0.32 | ) | | | 119 | |
R6 | | | 41.21 | | | | (0.12 | ) | | | 11.22 | | | | 11.10 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.91 | | | | 27.86 | | | | 4,554 | | | | 0.76 | | | | 0.75 | | | | (0.26 | ) | | | 119 | |
Y | | | 41.23 | | | | (0.09 | ) | | | 11.18 | | | | 11.09 | | | | — | | | | (1.40 | ) | | | (1.40 | ) | | | 50.92 | | | | 27.83 | | | | 104,645 | | | | 0.77 | | | | 0.77 | | | | (0.22 | ) | | | 119 | |
F(5) | | | 40.07 | | | | (0.10 | ) | | | 8.08 | | | | 7.98 | | | | — | | | | — | | | | — | | | | 48.05 | | | | 19.92 | (6) | | | 617,087 | | | | 0.75 | (7) | | | 0.75 | (7) | | | (0.34 | )(7) | | | 119 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 40.68 | | | $ | (0.20 | ) | | $ | 0.55 | | | $ | 0.35 | | | $ | — | | | $ | (3.37 | ) | | $ | (3.37 | ) | | $ | 37.66 | | | | 1.04 | % | | $ | 1,747,532 | | | | 1.14 | % | | | 1.14 | %(11) | | | (0.55 | )% | | | 117 | % |
B | | | 29.08 | | | | (0.37 | ) | | | 0.35 | | | | (0.02 | ) | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 25.69 | | | | 0.09 | | | | 4,249 | | | | 2.09 | | | | 2.06 | (11) | | | (1.45 | ) | | | 117 | |
C | | | 29.37 | | | | (0.33 | ) | | | 0.36 | | | | 0.03 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 26.03 | | | | 0.28 | | | | 420,107 | | | | 1.89 | | | | 1.89 | (11) | | | (1.29 | ) | | | 117 | |
I | | | 41.98 | | | | (0.12 | ) | | | 0.57 | | | | 0.45 | | | | (0.06 | ) | | | (3.37 | ) | | | (3.43 | ) | | | 39.00 | | | | 1.25 | | | | 1,726,408 | | | | 0.93 | | | | 0.93 | (11) | | | (0.32 | ) | | | 117 | |
R3 | | | 41.11 | | | | (0.33 | ) | | | 0.55 | | | | 0.22 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 37.96 | | | | 0.71 | | | | 47,559 | | | | 1.47 | | | | 1.47 | (11) | | | (0.87 | ) | | | 117 | |
R4 | | | 42.51 | | | | (0.22 | ) | | | 0.58 | | | | 0.36 | | | | — | | | | (3.37 | ) | | | (3.37 | ) | | | 39.50 | | | | 1.02 | | | | 72,213 | | | | 1.17 | | | | 1.17 | (11) | | | (0.57 | ) | | | 117 | |
R5 | | | 43.73 | | | | (0.08 | ) | | | 0.57 | | | | 0.49 | | | | (0.07 | ) | | | (3.37 | ) | | | (3.44 | ) | | | 40.78 | | | | 1.30 | | | | 14,791 | | | | 0.87 | | | | 0.86 | (11) | | | (0.20 | ) | | | 117 | |
R6 | | | 44.15 | | | | (0.07 | ) | | | 0.61 | | | | 0.54 | | | | (0.11 | ) | | | (3.37 | ) | | | (3.48 | ) | | | 41.21 | | | | 1.40 | | | | 942 | | | | 0.77 | | | | 0.77 | (11) | | | (0.17 | ) | | | 117 | |
Y | | | 44.17 | | | | (0.08 | ) | | | 0.62 | | | | 0.54 | | | | (0.11 | ) | | | (3.37 | ) | | | (3.48 | ) | | | 41.23 | | | | 1.40 | | | | 231,037 | | | | 0.77 | | | | 0.77 | (11) | | | (0.19 | ) | | | 117 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Healthcare Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 35.63 | | | $ | (0.13 | ) | | $ | 7.77 | | | $ | 7.64 | | | $ | — | | | $ | (2.36 | ) | | $ | (2.36 | ) | | $ | 40.91 | | | | 22.17 | % | | $ | 746,242 | | | | 1.28 | % | | | 1.28 | % | | | (0.33 | )% | | | 49 | % |
C | | | 28.24 | | | | (0.33 | ) | | | 6.08 | | | | 5.75 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 31.63 | | | | 21.21 | | | | 139,847 | | | | 2.04 | | | | 2.04 | | | | (1.09 | ) | | | 49 | |
I | | | 37.68 | | | | (0.02 | ) | | | 8.23 | | | | 8.21 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 43.53 | | | | 22.49 | | | | 376,518 | | | | 0.99 | | | | 0.99 | | | | (0.05 | ) | | | 49 | |
R3 | | | 36.56 | | | | (0.26 | ) | | | 7.96 | | | | 7.70 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 41.90 | | | | 21.74 | | | | 31,090 | | | | 1.61 | | | | 1.61 | | | | (0.65 | ) | | | 49 | |
R4 | | | 38.69 | | | | (0.15 | ) | | | 8.45 | | | | 8.30 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 44.63 | | | | 22.12 | | | | 25,078 | | | | 1.30 | | | | 1.30 | | | | (0.35 | ) | | | 49 | |
R5 | | | 40.71 | | | | (0.03 | ) | | | 8.92 | | | | 8.89 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 47.24 | | | | 22.48 | | | | 10,937 | | | | 1.01 | | | | 1.01 | | | | (0.07 | ) | | | 49 | |
R6 | | | 41.28 | | | | 0.02 | | | | 9.05 | | | | 9.07 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 47.99 | | | | 22.61 | | | | 3,885 | | | | 0.90 | | | | 0.90 | | | | 0.04 | | | | 49 | |
Y | | | 41.27 | | | | (0.01 | ) | | | 9.05 | | | | 9.04 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 47.95 | | | | 22.55 | | | | 97,263 | | | | 1.00 | | | | 0.95 | | | | (0.01 | ) | | | 49 | |
F | | | 37.79 | | | | 0.02 | | | | 8.25 | | | | 8.27 | | | | — | | | | (2.36 | ) | | | (2.36 | ) | | | 43.70 | | | | 22.59 | | | | 34,808 | | | | 0.90 | | | | 0.90 | | | | 0.04 | | | | 49 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 34.38 | | | $ | (0.10 | ) | | $ | 3.83 | | | $ | 3.73 | | | $ | — | | | $ | (2.48 | ) | | $ | (2.48 | ) | | $ | 35.63 | | | | 12.02 | % | | $ | 666,181 | | | | 1.30 | % | | | 1.30 | % | | | (0.30 | )% | | | 35 | % |
C | | | 27.98 | | | | (0.28 | ) | | | 3.02 | | | | 2.74 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 28.24 | | | | 11.17 | | | | 138,539 | | | | 2.05 | | | | 2.05 | | | | (1.06 | ) | | | 35 | |
I | | | 36.11 | | | | 0.00 | (12) | | | 4.05 | | | | 4.05 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 37.68 | | | | 12.36 | | | | 297,000 | | | | 1.01 | | | | 1.01 | | | | (0.01 | ) | | | 35 | |
R3 | | | 35.32 | | | | (0.21 | ) | | | 3.93 | | | | 3.72 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 36.56 | | | | 11.66 | | | | 33,948 | | | | 1.62 | | | | 1.62 | | | | (0.62 | ) | | | 35 | |
R4 | | | 37.12 | | | | (0.12 | ) | | | 4.17 | | | | 4.05 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 38.69 | | | | 12.00 | | | | 26,699 | | | | 1.32 | | | | 1.32 | | | | (0.32 | ) | | | 35 | |
R5 | | | 38.82 | | | | (0.01 | ) | | | 4.38 | | | | 4.37 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 40.71 | | | | 12.32 | | | | 6,170 | | | | 1.02 | | | | 1.02 | | | | (0.04 | ) | | | 35 | |
R6(13) | | | 39.22 | | | | 0.02 | | | | 2.04 | | | | 2.06 | | | | — | | | | — | | | | — | | | | 41.28 | | | | 5.25 | (6) | | | 1,341 | | | | 0.91 | (7) | | | 0.91 | (7) | | | 0.06 | (7) | | | 35 | |
Y | | | 39.29 | | | | 0.01 | | | | 4.45 | | | | 4.46 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 41.27 | | | | 12.40 | | | | 72,515 | | | | 0.97 | | | | 0.96 | | | | 0.03 | | | | 35 | |
F | | | 36.17 | | | | 0.02 | | | | 4.08 | | | | 4.10 | | | | — | | | | (2.48 | ) | | | (2.48 | ) | | | 37.79 | | | | 12.48 | | | | 29,108 | | | | 0.91 | | | | 0.91 | | | | 0.06 | | | | 35 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 34.86 | | | $ | (0.14 | ) | | $ | 1.45 | | | $ | 1.31 | | | $ | — | | | $ | (1.79 | ) | | $ | (1.79 | ) | | $ | 34.38 | | | | 3.86 | % | | $ | 682,175 | | | | 1.28 | % | | | 1.28 | % | | | (0.40 | )% | | | 27 | % |
C | | | 28.90 | | | | (0.33 | ) | | | 1.20 | | | | 0.87 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 27.98 | | | | 3.10 | | | | 160,084 | | | | 2.03 | | | | 2.02 | | | | (1.13 | ) | | | 27 | |
I | | | 36.43 | | | | (0.04 | ) | | | 1.51 | | | | 1.47 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 36.11 | | | | 4.15 | | | | 379,392 | | | | 1.00 | | | | 1.00 | | | | (0.11 | ) | | | 27 | |
R3 | | | 35.87 | | | | (0.26 | ) | | | 1.50 | | | | 1.24 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 35.32 | | | | 3.55 | | | | 38,412 | | | | 1.61 | | | | 1.61 | | | | (0.72 | ) | | | 27 | |
R4 | | | 37.50 | | | | (0.16 | ) | | | 1.57 | | | | 1.41 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 37.12 | | | | 3.86 | | | | 32,373 | | | | 1.30 | | | | 1.30 | | | | (0.42 | ) | | | 27 | |
R5 | | | 39.03 | | | | (0.05 | ) | | | 1.63 | | | | 1.58 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 38.82 | | | | 4.15 | | | | 7,757 | | | | 1.02 | | | | 1.02 | | | | (0.13 | ) | | | 27 | |
Y | | | 39.45 | | | | (0.01 | ) | | | 1.64 | | | | 1.63 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 39.29 | | | | 4.24 | | | | 52,896 | | | | 0.92 | | | | 0.92 | | | | (0.03 | ) | | | 27 | |
F | | | 36.45 | | | | — | | | | 1.51 | | | | 1.51 | | | | — | | | | (1.79 | ) | | | (1.79 | ) | | | 36.17 | | | | 4.26 | | | | 76,003 | | | | 0.90 | | | | 0.90 | | | | (0.01 | ) | | | 27 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 30.96 | | | $ | (0.12 | ) | | $ | 7.04 | | | $ | 6.92 | | | $ | — | | | $ | (3.02 | ) | | $ | (3.02 | ) | | $ | 34.86 | | | | 24.28 | % | | $ | 714,694 | | | | 1.29 | % | | | 1.29 | % | | | (0.36 | )% | | | 23 | % |
C | | | 26.34 | | | | (0.30 | ) | | | 5.88 | | | | 5.58 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 28.90 | | | | 23.37 | | | | 242,421 | | | | 2.04 | | | | 2.03 | | | | (1.10 | ) | | | 23 | |
I | | | 32.15 | | | | (0.04 | ) | | | 7.34 | | | | 7.30 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 36.43 | | | | 24.59 | | | | 351,686 | | | | 1.03 | | | | 1.03 | | | | (0.11 | ) | | | 23 | |
R3 | | | 31.87 | | | | (0.23 | ) | | | 7.25 | | | | 7.02 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 35.87 | | | | 23.87 | | | | 45,673 | | | | 1.61 | | | | 1.61 | | | | (0.68 | ) | | | 23 | |
R4 | | | 33.10 | | | | (0.13 | ) | | | 7.55 | | | | 7.42 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 37.50 | | | | 24.22 | | | | 35,927 | | | | 1.31 | | | | 1.31 | | | | (0.38 | ) | | | 23 | |
R5 | | | 34.23 | | | | (0.03 | ) | | | 7.85 | | | | 7.82 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 39.03 | | | | 24.62 | | | | 6,888 | | | | 1.01 | | | | 1.01 | | | | (0.08 | ) | | | 23 | |
Y | | | 34.54 | | | | (0.01 | ) | | | 7.94 | | | | 7.93 | | | | — | | | | (3.02 | ) | | | (3.02 | ) | | | 39.45 | | | | 24.72 | | | | 45,193 | | | | 0.93 | | | | 0.93 | | | | (0.02 | ) | | | 23 | |
F(5) | | | 33.96 | | | | 0.01 | | | | 2.48 | | | | 2.49 | | | | — | | | | — | | | | — | | | | 36.45 | | | | 7.33 | (6) | | | 61,710 | | | | 0.90 | (7) | | | 0.90 | (7) | | | 0.04 | (7) | | | 23 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 38.70 | | | $ | (0.12 | ) | | $ | (2.52 | ) | | $ | (2.64 | ) | | $ | (0.55 | ) | | $ | (4.55 | ) | | $ | (5.10 | ) | | $ | 30.96 | | | | (8.11 | )% | | $ | 757,038 | | | | 1.33 | % | | | 1.33 | % | | | (0.36 | )% | | | 35 | % |
B | | | 33.41 | | | | (0.36 | ) | | | (2.15 | ) | | | (2.51 | ) | | | (0.13 | ) | | | (4.55 | ) | | | (4.68 | ) | | | 26.22 | | | | (8.94 | ) | | | 2,056 | | | | 2.24 | | | | 2.22 | | | | (1.26 | ) | | | 35 | |
C | | | 33.73 | | | | (0.31 | ) | | | (2.15 | ) | | | (2.46 | ) | | | (0.38 | ) | | | (4.55 | ) | | | (4.93 | ) | | | 26.34 | | | | (8.78 | ) | | | 254,009 | | | | 2.06 | | | | 2.06 | | | | (1.10 | ) | | | 35 | |
I | | | 39.98 | | | | (0.03 | ) | | | (2.61 | ) | | | (2.64 | ) | | | (0.64 | ) | | | (4.55 | ) | | | (5.19 | ) | | | 32.15 | | | | (7.86 | ) | | | 228,463 | | | | 1.07 | | | | 1.07 | | | | (0.09 | ) | | | 35 | |
R3 | | | 39.69 | | | | (0.22 | ) | | | (2.61 | ) | | | (2.83 | ) | | | (0.44 | ) | | | (4.55 | ) | | | (4.99 | ) | | | 31.87 | | | | (8.38 | ) | | | 43,993 | | | | 1.62 | | | | 1.62 | | | | (0.66 | ) | | | 35 | |
R4 | | | 41.01 | | | | (0.13 | ) | | | (2.69 | ) | | | (2.82 | ) | | | (0.54 | ) | | | (4.55 | ) | | | (5.09 | ) | | | 33.10 | | | | (8.09 | ) | | | 38,273 | | | | 1.32 | | | | 1.32 | | | | (0.36 | ) | | | 35 | |
R5 | | | 42.22 | | | | (0.02 | ) | | | (2.79 | ) | | | (2.81 | ) | | | (0.63 | ) | | | (4.55 | ) | | | (5.18 | ) | | | 34.23 | | | | (7.82 | ) | | | 5,342 | | | | 1.03 | | | | 1.03 | | | | (0.06 | ) | | | 35 | |
Y | | | 42.54 | | | | 0.02 | | | | (2.80 | ) | | | (2.78 | ) | | | (0.67 | ) | | | (4.55 | ) | | | (5.22 | ) | | | 34.54 | | | | (7.72 | ) | | | 51,125 | | | | 0.92 | | | | 0.92 | | | | 0.05 | | | | 35 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford MidCap Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 30.34 | | | $ | (0.08 | ) | | $ | 2.00 | | | $ | 1.92 | | | $ | — | | | $ | (1.63 | ) | | $ | (1.63 | ) | | $ | 30.63 | | | | 6.48 | % | | $ | 2,724,316 | | | | 1.11 | % | | | 1.11 | % | | | (0.27 | )% | | | 45 | % |
C | | | 20.83 | | | | (0.20 | ) | | | 1.34 | | | | 1.14 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 20.34 | | | | 5.63 | | | | 380,033 | | | | 1.87 | | | | 1.87 | | | | (1.02 | ) | | | 45 | |
I | | | 31.43 | | | | (0.01 | ) | | | 2.08 | | | | 2.07 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 31.87 | | | | 6.74 | | | | 3,867,925 | | | | 0.88 | | | | 0.87 | | | | (0.04 | ) | | | 45 | |
R3 | | | 33.98 | | | | (0.21 | ) | | | 2.24 | | | | 2.03 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 34.38 | | | | 6.09 | | | | 92,023 | | | | 1.47 | | | | 1.47 | | | | (0.63 | ) | | | 45 | |
R4 | | | 35.57 | | | | (0.10 | ) | | | 2.34 | | | | 2.24 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 36.18 | | | | 6.42 | | | | 205,114 | | | | 1.16 | | | | 1.14 | | | | (0.30 | ) | | | 45 | |
R5 | | | 36.77 | | | | 0.00 | (12) | | | 2.44 | | | | 2.44 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 37.58 | | | | 6.77 | | | | 371,791 | | | | 0.85 | | | | 0.85 | | | | 0.00 | (20) | | | 45 | |
R6 | | | 37.22 | | | | 0.03 | | | | 2.47 | | | | 2.50 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 38.09 | | | | 6.85 | | | | 1,759,581 | | | | 0.75 | | | | 0.75 | | | | 0.08 | | | | 45 | |
Y | | | 37.17 | | | | 0.02 | | | | 2.46 | | | | 2.48 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 38.02 | | | | 6.81 | | | | 1,144,624 | | | | 0.85 | | | | 0.79 | | | | 0.06 | | | | 45 | |
F | | | 31.52 | | | | 0.03 | | | | 2.08 | | | | 2.11 | | | | — | | | | (1.63 | ) | | | (1.63 | ) | | | 32.00 | | | | 6.85 | | | | 2,422,752 | | | | 0.75 | | | | 0.75 | | | | 0.09 | | | | 45 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 30.03 | | | $ | (0.09 | ) | | $ | 3.80 | | | $ | 3.71 | | | $ | — | | | $ | (3.40 | ) | | $ | (3.40 | ) | | $ | 30.34 | | | | 14.93 | % | | $ | 2,820,971 | | | | 1.11 | % | | | 1.10 | % | | | (0.32 | )% | | | 31 | % |
C | | | 21.90 | | | | (0.22 | ) | | | 2.55 | | | | 2.33 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 20.83 | | | | 14.10 | | | | 498,057 | | | | 1.86 | | | | 1.86 | | | | (1.08 | ) | | | 31 | |
I | | | 30.91 | | | | (0.02 | ) | | | 3.94 | | | | 3.92 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 31.43 | | | | 15.25 | | | | 4,168,592 | | | | 0.85 | | | | 0.85 | | | | (0.06 | ) | | | 31 | |
R3 | | | 33.31 | | | | (0.22 | ) | | | 4.29 | | | | 4.07 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 33.98 | | | | 14.54 | | | | 96,409 | | | | 1.45 | | | | 1.45 | | | | (0.67 | ) | | | 31 | |
R4 | | | 34.59 | | | | (0.12 | ) | | | 4.50 | | | | 4.38 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 35.57 | | | | 14.89 | | | | 266,390 | | | | 1.16 | | | | 1.14 | | | | (0.36 | ) | | | 31 | |
R5 | | | 35.55 | | | | (0.02 | ) | | | 4.64 | | | | 4.62 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 36.77 | | | | 15.23 | | | | 497,712 | | | | 0.84 | | | | 0.84 | | | | (0.07 | ) | | | 31 | |
R6 | | | 35.90 | | | | 0.02 | | | | 4.70 | | | | 4.72 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 37.22 | | | | 15.37 | | | | 1,731,890 | | | | 0.74 | | | | 0.74 | | | | 0.04 | | | | 31 | |
Y | | | 35.87 | | | | 0.00 | (12) | | | 4.70 | | | | 4.70 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 37.17 | | | | 15.32 | | | | 1,571,851 | | | | 0.82 | | | | 0.78 | | | | 0.01 | | | | 31 | |
F | | | 30.96 | | | | 0.01 | | | | 3.95 | | | | 3.96 | | | | — | | | | (3.40 | ) | | | (3.40 | ) | | | 31.52 | | | | 15.36 | | | | 2,259,594 | | | | 0.74 | | | | 0.74 | | | | 0.04 | | | | 31 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 30.36 | | | $ | (0.12 | ) | | $ | 1.20 | | | $ | 1.08 | | | $ | — | | | $ | (1.41 | ) | | $ | (1.41 | ) | | $ | 30.03 | | | | 3.63 | % | | $ | 2,592,610 | | | | 1.11 | % | | | 1.10 | % | | | (0.39 | )% | | | 37 | % |
C | | | 22.67 | | | | (0.27 | ) | | | 0.91 | | | | 0.64 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 21.90 | | | | 2.84 | | | | 580,708 | | | | 1.85 | | | | 1.85 | | | | (1.14 | ) | | | 37 | |
I | | | 31.12 | | | | (0.03 | ) | | | 1.23 | | | | 1.20 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 30.91 | | | | 3.91 | | | | 3,666,464 | | | | 0.82 | | | | 0.82 | | | | (0.11 | ) | | | 37 | |
R3 | | | 33.64 | | | | (0.26 | ) | | | 1.34 | | | | 1.08 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 33.31 | | | | 3.23 | | | | 102,632 | | | | 1.46 | | | | 1.46 | | | | (0.75 | ) | | | 37 | |
R4 | | | 34.78 | | | | (0.16 | ) | | | 1.38 | | | | 1.22 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 34.59 | | | | 3.57 | | | | 289,049 | | | | 1.16 | | | | 1.15 | | | | (0.43 | ) | | | 37 | |
R5 | | | 35.59 | | | | (0.05 | ) | | | 1.42 | | | | 1.37 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.55 | | | | 3.89 | | | | 468,146 | | | | 0.85 | | | | 0.85 | | | | (0.13 | ) | | | 37 | |
R6 | | | 35.90 | | | | (0.01 | ) | | | 1.42 | | | | 1.41 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.90 | | | | 3.97 | | | | 1,014,518 | | | | 0.75 | | | | 0.75 | | | | (0.04 | ) | | | 37 | |
Y | | | 35.88 | | | | (0.02 | ) | | | 1.42 | | | | 1.40 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 35.87 | | | | 3.95 | | | | 1,934,520 | | | | 0.78 | | | | 0.78 | | | | (0.06 | ) | | | 37 | |
F | | | 31.15 | | | | (0.01 | ) | | | 1.23 | | | | 1.22 | | | | — | | | | (1.41 | ) | | | (1.41 | ) | | | 30.96 | | | | 3.97 | | | | 1,648,425 | | | | 0.75 | | | | 0.75 | | | | (0.03 | ) | | | 37 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 24.25 | | | $ | (0.11 | ) | | $ | 7.00 | | | $ | 6.89 | | | $ | — | | | $ | (0.78 | ) | | $ | (0.78 | ) | | $ | 30.36 | | | | 29.02 | % | | $ | 2,482,275 | | | | 1.13 | % | | | 1.12 | % | | | (0.38 | )% | | | 30 | % |
C | | | 18.42 | | | | (0.23 | ) | | | 5.26 | | | | 5.03 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 22.67 | | | | 28.07 | | | | 717,521 | | | | 1.87 | | | | 1.87 | | | | (1.12 | ) | | | 30 | |
I | | | 24.79 | | | | (0.05 | ) | | | 7.16 | | | | 7.11 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 31.12 | | | | 29.28 | | | | 2,996,705 | | | | 1.02 | | | | 0.89 | | | | (0.17 | ) | | | 30 | |
R3 | | | 26.88 | | | | (0.22 | ) | | | 7.76 | | | | 7.54 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 33.64 | | | | 28.59 | | | | 90,582 | | | | 1.47 | | | | 1.47 | | | | (0.73 | ) | | | 30 | |
R4 | | | 27.69 | | | | (0.14 | ) | | | 8.01 | | | | 7.87 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 34.78 | | | | 28.95 | | | | 263,236 | | | | 1.16 | | | | 1.16 | | | | (0.43 | ) | | | 30 | |
R5 | | | 28.24 | | | | (0.04 | ) | | | 8.17 | | | | 8.13 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.59 | | | | 29.32 | | | | 356,166 | | | | 0.86 | | | | 0.86 | | | | (0.14 | ) | | | 30 | |
R6 | | | 28.45 | | | | (0.05 | ) | | | 8.28 | | | | 8.23 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.90 | | | | 29.45 | | | | 431,183 | | | | 0.76 | | | | 0.76 | | | | (0.14 | ) | | | 30 | |
Y | | | 28.44 | | | | (0.01 | ) | | | 8.23 | | | | 8.22 | | | | — | | | | (0.78 | ) | | | (0.78 | ) | | | 35.88 | | | | 29.43 | | | | 1,847,676 | | | | 0.78 | | | | 0.78 | | | | (0.04 | ) | | | 30 | |
F(5) | | | 27.52 | | | | (0.03 | ) | | | 3.66 | | | | 3.63 | | | | — | | | | — | | | | — | | | | 31.15 | | | | 13.19 | (6) | | | 1,244,732 | | | | 0.76 | (7) | | | 0.76 | (7) | | | (0.15 | )(7) | | | 30 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 26.47 | | | $ | (0.07 | ) | | $ | (0.22 | ) | | $ | (0.29 | ) | | $ | — | | | $ | (1.93 | ) | | $ | (1.93 | ) | | $ | 24.25 | | | | (0.79 | )% | | $ | 2,041,826 | | | | 1.17 | % | | | 1.17 | % | | | (0.29 | )% | | | 31 | % |
B | | | 20.13 | | | | (0.21 | ) | | | (0.19 | ) | | | (0.40 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 17.80 | | | | (1.66 | ) | | | 16,842 | | | | 2.06 | | | | 2.06 | | | | (1.16 | ) | | | 31 | |
C | | | 20.73 | | | | (0.18 | ) | | | (0.20 | ) | | | (0.38 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 18.42 | | | | (1.50 | ) | | | 611,311 | | | | 1.89 | | | | 1.89 | | | | (1.01 | ) | | | 31 | |
I | | | 26.96 | | | | (0.04 | ) | | | (0.20 | ) | | | (0.24 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 24.79 | | | | (0.57 | ) | | | 1,725,700 | | | | 1.02 | | | | 1.02 | | | | (0.18 | ) | | | 31 | |
R3 | | | 29.20 | | | | (0.16 | ) | | | (0.23 | ) | | | (0.39 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 26.88 | | | | (1.07 | ) | | | 71,711 | | | | 1.48 | | | | 1.48 | | | | (0.59 | ) | | | 31 | |
R4 | | | 29.93 | | | | (0.08 | ) | | | (0.23 | ) | | | (0.31 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 27.69 | | | | (0.76 | ) | | | 165,137 | | | | 1.18 | | | | 1.18 | | | | (0.30 | ) | | | 31 | |
R5 | | | 30.39 | | | | — | | | | (0.22 | ) | | | (0.22 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.24 | | | | (0.47 | ) | | | 193,533 | | | | 0.87 | | | | 0.87 | | | | — | | | | 31 | |
R6 | | | 30.58 | | | | — | | | | (0.20 | ) | | | (0.20 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.45 | | | | (0.36 | ) | | | 26,352 | | | | 0.77 | | | | 0.77 | | | | 0.01 | | | | 31 | |
Y | | | 30.57 | | | | 0.03 | | | | (0.23 | ) | | | (0.20 | ) | | | — | | | | (1.93 | ) | | | (1.93 | ) | | | 28.44 | | | | (0.36 | ) | | | 1,490,965 | | | | 0.77 | | | | 0.77 | | | | 0.10 | | | | 31 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford MidCap Value Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 14.43 | | | $ | 0.07 | | | $ | (1.86 | ) | | $ | (1.79 | ) | | $ | (0.09 | ) | | $ | (0.34 | ) | | $ | (0.43 | ) | | $ | 12.21 | | | | (12.86 | )% | | $ | 245,112 | | | | 1.25 | % | | | 1.25 | % | | | 0.56 | % | | | 61 | % |
C | | | 11.51 | | | | (0.02 | ) | | | (1.49 | ) | | | (1.51 | ) | | | (0.00 | )(12) | | | (0.34 | ) | | | (0.34 | ) | | | 9.66 | | | | (13.55 | ) | | | 9,533 | | | | 2.03 | | | | 2.03 | | | | (0.20 | ) | | | 61 | |
I | | | 14.60 | | | | 0.12 | | | | (1.88 | ) | | | (1.76 | ) | | | (0.14 | ) | | | (0.34 | ) | | | (0.48 | ) | | | 12.36 | | | | (12.58 | ) | | | 19,722 | | | | 0.91 | | | | 0.91 | | | | 0.91 | | | | 61 | |
R3 | | | 15.22 | | | | 0.04 | | | | (1.98 | ) | | | (1.94 | ) | | | (0.03 | ) | | | (0.34 | ) | | | (0.37 | ) | | | 12.91 | | | | (13.12 | ) | | | 5,317 | | | | 1.53 | | | | 1.53 | | | | 0.30 | | | | 61 | |
R4 | | | 15.58 | | | | 0.08 | | | | (2.02 | ) | | | (1.94 | ) | | | (0.09 | ) | | | (0.34 | ) | | | (0.43 | ) | | | 13.21 | | | | (12.88 | ) | | | 8,857 | | | | 1.23 | | | | 1.23 | | | | 0.58 | | | | 61 | |
R5 | | | 15.82 | | | | 0.12 | | | | (2.04 | ) | | | (1.92 | ) | | | (0.12 | ) | | | (0.34 | ) | | | (0.46 | ) | | | 13.44 | | | | (12.60 | ) | | | 1,423 | | | | 0.92 | | | | 0.92 | | | | 0.88 | | | | 61 | |
Y | | | 15.87 | | | | 0.13 | | | | (2.05 | ) | | | (1.92 | ) | | | (0.14 | ) | | | (0.34 | ) | | | (0.48 | ) | | | 13.47 | | | | (12.55 | ) | | | 10,009 | | | | 0.92 | | | | 0.88 | | | | 0.93 | | | | 61 | |
F | | | 14.60 | | | | 0.13 | | | | (1.88 | ) | | | (1.75 | ) | | | (0.15 | ) | | | (0.34 | ) | | | (0.49 | ) | | | 12.36 | | | | (12.51 | ) | | | 299,805 | | | | 0.82 | | | | 0.82 | | | | 0.98 | | | | 61 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 14.54 | | | $ | 0.08 | | | $ | 1.44 | | | $ | 1.52 | | | $ | (0.04 | ) | | $ | (1.59 | ) | | $ | (1.63 | ) | | $ | 14.43 | | | | 12.74 | % | | $ | 309,996 | | | | 1.23 | % | | | 1.23 | % | | | 0.61 | % | | | 55 | % |
C | | | 11.97 | | | | (0.02 | ) | | | 1.15 | | | | 1.13 | | | | — | | | | (1.59 | ) | | | (1.59 | ) | | | 11.51 | | | | 11.99 | | | | 15,910 | | | | 1.99 | | | | 1.99 | | | | (0.14 | ) | | | 55 | |
I | | | 14.68 | | | | 0.13 | | | | 1.46 | | | | 1.59 | | | | (0.08 | ) | | | (1.59 | ) | | | (1.67 | ) | | | 14.60 | | | | 13.20 | | | | 31,173 | | | | 0.89 | | | | 0.89 | | | | 0.95 | | | | 55 | |
R3 | | | 15.23 | | | | 0.05 | | | | 1.53 | | | | 1.58 | | | | — | | | | (1.59 | ) | | | (1.59 | ) | | | 15.22 | | | | 12.42 | | | | 8,034 | | | | 1.52 | | | | 1.52 | | | | 0.33 | | | | 55 | |
R4 | | | 15.55 | | | | 0.09 | | | | 1.57 | | | | 1.66 | | | | (0.04 | ) | | | (1.59 | ) | | | (1.63 | ) | | | 15.58 | | | | 12.77 | | | | 11,865 | | | | 1.21 | | | | 1.21 | | | | 0.64 | | | | 55 | |
R5 | | | 15.76 | | | | 0.16 | | | | 1.57 | | | | 1.73 | | | | (0.08 | ) | | | (1.59 | ) | | | (1.67 | ) | | | 15.82 | | | | 13.14 | | | | 1,592 | | | | 0.92 | | | | 0.92 | | | | 1.06 | | | | 55 | |
Y | | | 15.80 | | | | 0.15 | | | | 1.60 | | | | 1.75 | | | | (0.09 | ) | | | (1.59 | ) | | | (1.68 | ) | | | 15.87 | | | | 13.23 | | | | 12,624 | | | | 0.89 | | | | 0.85 | | | | 0.98 | | | | 55 | |
F | | | 14.69 | | | | 0.14 | | | | 1.46 | | | | 1.60 | | | | (0.10 | ) | | | (1.59 | ) | | | (1.69 | ) | | | 14.60 | | | | 13.27 | | | | 314,566 | | | | 0.80 | | | | 0.80 | | | | 1.03 | | | | 55 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 15.62 | | | $ | 0.03 | | | $ | (0.72 | ) | | $ | (0.69 | ) | | $ | — | | | $ | (0.39 | ) | | $ | (0.39 | ) | | $ | 14.54 | | | | (4.56 | )% | | $ | 284,646 | | | | 1.22 | % | | | 1.22 | % | | | 0.18 | % | | | 49 | % |
C | | | 13.03 | | | | (0.07 | ) | | | (0.60 | ) | | | (0.67 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 11.97 | | | | (5.26 | ) | | | 17,909 | | | | 1.98 | | | | 1.97 | | | | (0.57 | ) | | | 49 | |
I | | | 15.72 | | | | 0.08 | | | | (0.73 | ) | | | (0.65 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 14.68 | | | | (4.27 | ) | | | 34,656 | | | | 0.90 | | | | 0.90 | | | | 0.50 | | | | 49 | |
R3 | | | 16.39 | | | | (0.02 | ) | | | (0.75 | ) | | | (0.77 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 15.23 | | | | (4.84 | ) | | | 9,555 | | | | 1.52 | | | | 1.52 | | | | (0.13 | ) | | | 49 | |
R4 | | | 16.68 | | | | 0.03 | | | | (0.77 | ) | | | (0.74 | ) | | | — | | | | (0.39 | ) | | | (0.39 | ) | | | 15.55 | | | | (4.52 | ) | | | 11,639 | | | | 1.22 | | | | 1.22 | | | | 0.18 | | | | 49 | |
R5 | | | 16.88 | | | | 0.08 | | | | (0.78 | ) | | | (0.70 | ) | | | (0.03 | ) | | | (0.39 | ) | | | (0.42 | ) | | | 15.76 | | | | (4.32 | ) | | | 8,087 | | | | 0.91 | | | | 0.91 | | | | 0.48 | | | | 49 | |
Y | | | 16.93 | | | | 0.09 | | | | (0.79 | ) | | | (0.70 | ) | | | (0.04 | ) | | | (0.39 | ) | | | (0.43 | ) | | | 15.80 | | | | (4.23 | ) | | | 11,371 | | | | 0.86 | | | | 0.86 | | | | 0.52 | | | | 49 | |
F | | | 15.76 | | | | 0.10 | | | | (0.73 | ) | | | (0.63 | ) | | | (0.05 | ) | | | (0.39 | ) | | | (0.44 | ) | | | 14.69 | | | | (4.18 | ) | | | 252,917 | | | | 0.80 | | | | 0.80 | | | | 0.61 | | | | 49 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 13.98 | | | $ | 0.01 | | | $ | 2.65 | | | $ | 2.66 | | | $ | — | | | $ | (1.02 | ) | | $ | (1.02 | ) | | $ | 15.62 | | | | 19.67 | % | | $ | 291,082 | | | | 1.23 | % | | | 1.23 | % | | | 0.06 | % | | | 40 | % |
C | | | 11.90 | | | | (0.08 | ) | | | 2.23 | | | | 2.15 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 13.03 | | | | 18.66 | | | | 35,520 | | | | 1.96 | | | | 1.96 | | | | (0.67 | ) | | | 40 | |
I | | | 14.09 | | | | 0.03 | | | | 2.67 | | | | 2.70 | | | | (0.05 | ) | | | (1.02 | ) | | | (1.07 | ) | | | 15.72 | | | | 19.81 | | | | 43,342 | | | | 1.20 | | | | 1.10 | | | | 0.20 | | | | 40 | |
R3 | | | 14.67 | | | | (0.04 | ) | | | 2.78 | | | | 2.74 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 16.39 | | | | 19.26 | | | | 11,923 | | | | 1.52 | | | | 1.52 | | | | (0.23 | ) | | | 40 | |
R4 | | | 14.87 | | | | 0.01 | | | | 2.82 | | | | 2.83 | | | | — | | | | (1.02 | ) | | | (1.02 | ) | | | 16.68 | | | | 19.58 | | | | 12,637 | | | | 1.21 | | | | 1.21 | | | | 0.08 | | | | 40 | |
R5 | | | 15.03 | | | | 0.06 | | | | 2.86 | | | | 2.92 | | | | (0.05 | ) | | | (1.02 | ) | | | (1.07 | ) | | | 16.88 | | | | 20.06 | | | | 11,445 | | | | 0.91 | | | | 0.91 | | | | 0.38 | | | | 40 | |
Y | | | 15.07 | | | | 0.08 | | | | 2.86 | | | | 2.94 | | | | (0.06 | ) | | | (1.02 | ) | | | (1.08 | ) | | | 16.93 | | | | 20.10 | | | | 28,403 | | | | 0.82 | | | | 0.82 | | | | 0.48 | | | | 40 | |
F(5) | | | 14.97 | | | | 0.05 | | | | 0.74 | | | | 0.79 | | | | — | | | | — | | | | — | | | | 15.76 | | | | 5.28 | (6) | | | 238,682 | | | | 0.81 | (7) | | | 0.81 | (7) | | | 0.46 | (7) | | | 40 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 15.11 | | | $ | 0.03 | | | $ | (0.03 | )$ | | | — | | | $ | (0.02 | ) | | $ | (1.11 | ) | | $ | (1.13 | ) | | $ | 13.98 | | | | 0.18 | % | | $ | 246,023 | | | | 1.30 | % | | | 1.30 | %(14) | | | 0.18 | % | | | 56 | % |
B | | | 13.15 | | | | (0.07 | ) | | | (0.03 | ) | | | (0.10 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 11.94 | | | | (0.57 | ) | | | 637 | | | | 2.42 | | | | 2.12 | (14) | | | (0.63 | ) | | | 56 | |
C | | | 13.09 | | | | (0.06 | ) | | | (0.02 | ) | | | (0.08 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 11.90 | | | | (0.42 | ) | | | 35,965 | | | | 2.02 | | | | 2.02 | (14) | | | (0.54 | ) | | | 56 | |
I | | | 15.22 | | | | 0.05 | | | | (0.01 | ) | | | 0.04 | | | | (0.06 | ) | | | (1.11 | ) | | | (1.17 | ) | | | 14.09 | | | | 0.48 | | | | 83,155 | | | | 1.06 | | | | 1.06 | (14) | | | 0.39 | | | | 56 | |
R3 | | | 15.82 | | | | (0.01 | ) | | | (0.03 | ) | | | (0.04 | ) | | | — | | | | (1.11 | ) | | | (1.11 | ) | | | 14.67 | | | | (0.07 | ) | | | 11,396 | | | | 1.56 | | | | 1.56 | (14) | | | (0.07 | ) | | | 56 | |
R4 | | | 15.99 | | | | 0.03 | | | | (0.02 | ) | | | 0.01 | | | | (0.02 | ) | | | (1.11 | ) | | | (1.13 | ) | | | 14.87 | | | | 0.30 | | | | 13,448 | | | | 1.25 | | | | 1.25 | (14) | | | 0.23 | | | | 56 | |
R5 | | | 16.15 | | | | 0.08 | | | | (0.03 | ) | | | 0.05 | | | | (0.06 | ) | | | (1.11 | ) | | | (1.17 | ) | | | 15.03 | | | | 0.54 | | | | 9,831 | | | | 0.95 | | | | 0.95 | (14) | | | 0.52 | | | | 56 | |
Y | | | 16.19 | | | | 0.09 | | | | (0.03 | ) | | | 0.06 | | | | (0.07 | ) | | | (1.11 | ) | | | (1.18 | ) | | | 15.07 | | | | 0.63 | | | | 79,990 | | | | 0.85 | | | | 0.85 | (14) | | | 0.63 | | | | 56 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| Hartford Quality Value Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 21.11 | | | $ | 0.42 | | | $ | (1.85 | ) | | $ | (1.43 | ) | | $ | (0.48 | ) | | $ | (0.59 | ) | | $ | (1.07 | ) | | $ | 18.61 | | | | (7.34 | )% | | $ | 140,154 | | | | 1.03 | % | | | 0.91 | % | | | 2.19 | % | | | 26 | % |
C | | | 18.05 | | | | 0.23 | | | | (1.59 | ) | | | (1.36 | ) | | | (0.32 | ) | | | (0.59 | ) | | | (0.91 | ) | | | 15.78 | | | | (8.09 | ) | | | 3,673 | | | | 1.82 | | | | 1.71 | | | | 1.38 | | | | 26 | |
I | | | 20.85 | | | | 0.48 | | | | (1.82 | ) | | | (1.34 | ) | | | (0.55 | ) | | | (0.59 | ) | | | (1.14 | ) | | | 18.37 | | | | (7.02 | ) | | | 10,927 | | | | 0.67 | | | | 0.56 | | | | 2.53 | | | | 26 | |
R3 | | | 21.45 | | | | 0.38 | | | | (1.89 | ) | | | (1.51 | ) | | | (0.43 | ) | | | (0.59 | ) | | | (1.02 | ) | | | 18.92 | | | | (7.56 | ) | | | 855 | | | | 1.29 | | | | 1.16 | | | | 1.91 | | | | 26 | |
R4 | | | 21.68 | | | | 0.44 | | | | (1.91 | ) | | | (1.47 | ) | | | (0.49 | ) | | | (0.59 | ) | | | (1.08 | ) | | | 19.13 | | | | (7.34 | ) | | | 3,887 | | | | 0.98 | | | | 0.87 | | | | 2.21 | | | | 26 | |
R5 | | | 21.87 | | | | 0.50 | | | | (1.92 | ) | | | (1.42 | ) | | | (0.54 | ) | | | (0.59 | ) | | | (1.13 | ) | | | 19.32 | | | | (7.05 | ) | | | 220 | | | | 0.69 | | | | 0.58 | | | | 2.53 | | | | 26 | |
R6 | | | 21.93 | | | | 0.50 | | | | (1.89 | ) | | | (1.39 | ) | | | (0.57 | ) | | | (0.59 | ) | | | (1.16 | ) | | | 19.38 | | | | (6.92 | ) | | | 485 | | | | 0.58 | | | | 0.46 | | | | 2.53 | | | | 26 | |
Y | | | 21.91 | | | | 0.51 | | | | (1.93 | ) | | | (1.42 | ) | | | (0.55 | ) | | | (0.59 | ) | | | (1.14 | ) | | | 19.35 | | | | (7.05 | ) | | | 382 | | | | 0.68 | | | | 0.57 | | | | 2.53 | | | | 26 | |
F | | | 20.83 | | | | 0.50 | | | | (1.82 | ) | | | (1.32 | ) | | | (0.61 | ) | | | (0.59 | ) | | | (1.20 | ) | | | 18.31 | | | | (6.94 | ) | | | 8,975 | | | | 0.58 | | | | 0.46 | | | | 2.64 | | | | 26 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 20.00 | | | $ | 0.38 | | | $ | 1.99 | | | $ | 2.37 | | | $ | (0.28 | ) | | $ | (0.98 | ) | | $ | (1.26 | ) | | $ | 21.11 | | | | 13.10 | % | | $ | 169,771 | | | | 1.00 | % | | | 0.90 | % | | | 1.95 | % | | | 23 | % |
C | | | 17.12 | | | | 0.20 | | | | 1.71 | | | | 1.91 | | | | — | | | | (0.98 | ) | | | (0.98 | ) | | | 18.05 | | | | 12.23 | | | | 6,834 | | | | 1.76 | | | | 1.67 | | | | 1.21 | | | | 23 | |
I | | | 19.78 | | | | 0.45 | | | | 1.94 | | | | 2.39 | | | | (0.34 | ) | | | (0.98 | ) | | | (1.32 | ) | | | 20.85 | | | | 13.49 | | | | 12,796 | | | | 0.65 | | | | 0.56 | | | | 2.30 | | | | 23 | |
R3 | | | 20.29 | | | | 0.34 | | | | 2.01 | | | | 2.35 | | | | (0.21 | ) | | | (0.98 | ) | | | (1.19 | ) | | | 21.45 | | | | 12.78 | | | | 1,240 | | | | 1.27 | | | | 1.16 | | | | 1.69 | | | | 23 | |
R4 | | | 20.49 | | | | 0.40 | | | | 2.04 | | | | 2.44 | | | | (0.27 | ) | | | (0.98 | ) | | | (1.25 | ) | | | 21.68 | | | | 13.17 | | | | 6,014 | | | | 0.95 | | | | 0.86 | | | | 1.99 | | | | 23 | |
R5 | | | 20.67 | | | | 0.47 | | | | 2.04 | | | | 2.51 | | | | (0.33 | ) | | | (0.98 | ) | | | (1.31 | ) | | | 21.87 | | | | 13.46 | | | | 230 | | | | 0.67 | | | | 0.58 | | | | 2.33 | | | | 23 | |
R6 | | | 20.74 | | | | 0.47 | | | | 2.06 | | | | 2.53 | | | | (0.36 | ) | | | (0.98 | ) | | | (1.34 | ) | | | 21.93 | | | | 13.57 | | | | 34 | | | | 0.56 | | | | 0.46 | | | | 2.26 | | | | 23 | |
Y | | | 20.72 | | | | 0.47 | | | | 2.05 | | | | 2.52 | | | | (0.35 | ) | | | (0.98 | ) | | | (1.33 | )�� | | | 21.91 | | | | 13.50 | | | | 622 | | | | 0.64 | | | | 0.55 | | | | 2.29 | | | | 23 | |
F | | | 19.77 | | | | 0.48 | | | | 1.92 | | | | 2.40 | | | | (0.36 | ) | | | (0.98 | ) | | | (1.34 | ) | | | 20.83 | | | | 13.58 | | | | 11,040 | | | | 0.55 | | | | 0.46 | | | | 2.52 | | | | 23 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 20.49 | | | $ | 0.31 | | | $ | 0.16 | | | $ | 0.47 | | | $ | (0.20 | ) | | $ | (0.76 | ) | | $ | (0.96 | ) | | $ | 20.00 | | | | 2.25 | % | | $ | 164,325 | | | | 1.06 | % | | | 1.04 | % | | | 1.52 | % | | | 85 | % |
C | | | 17.67 | | | | 0.14 | | | | 0.15 | | | | 0.29 | | | | (0.08 | ) | | | (0.76 | ) | | | (0.84 | ) | | | 17.12 | | | | 1.53 | | | | 9,082 | | | | 1.81 | | | | 1.79 | | | | 0.80 | | | | 85 | |
I | | | 20.25 | | | | 0.38 | | | | 0.16 | | | | 0.54 | | | | (0.25 | ) | | | (0.76 | ) | | | (1.01 | ) | | | 19.78 | | | | 2.60 | | | | 12,974 | | | | 0.71 | | | | 0.69 | | | | 1.87 | | | | 85 | |
R3 | | | 20.70 | | | | 0.26 | | | | 0.17 | | | | 0.43 | | | | (0.08 | ) | | | (0.76 | ) | | | (0.84 | ) | | | 20.29 | | | | 2.03 | | | | 1,075 | | | | 1.34 | | | | 1.30 | | | | 1.26 | | | | 85 | |
R4 | | | 20.95 | | | | 0.33 | | | | 0.16 | | | | 0.49 | | | | (0.19 | ) | | | (0.76 | ) | | | (0.95 | ) | | | 20.49 | | | | 2.29 | | | | 6,014 | | | | 1.04 | | | | 1.01 | | | | 1.55 | | | | 85 | |
R5 | | | 21.13 | | | | 0.38 | | | | 0.17 | | | | 0.55 | | | | (0.25 | ) | | | (0.76 | ) | | | (1.01 | ) | | | 20.67 | | | | 2.57 | | | | 504 | | | | 0.74 | | | | 0.72 | | | | 1.76 | | | | 85 | |
R6(15) | | | 20.99 | | | | 0.28 | | | | (0.53 | )(16) | | | (0.25 | ) | | | — | | | | — | | | | — | | | | 20.74 | | | | (1.19 | )(6) | | | 10 | | | | 0.61 | (7) | | | 0.59 | (7) | | | 1.95 | (7) | | | 85 | |
Y | | | 21.19 | | | | 0.40 | | | | 0.17 | | | | 0.57 | | | | (0.28 | ) | | | (0.76 | ) | | | (1.04 | ) | | | 20.72 | | | | 2.65 | | | | 601 | | | | 0.68 | | | | 0.66 | | | | 1.90 | | | | 85 | |
F | | | 20.26 | | | | 0.39 | | | | 0.17 | | | | 0.56 | | | | (0.29 | ) | | | (0.76 | ) | | | (1.05 | ) | | | 19.77 | | | | 2.71 | | | | 88,336 | | | | 0.62 | | | | 0.60 | | | | 1.94 | | | | 85 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 17.94 | | | $ | 0.19 | | | $ | 2.64 | | | $ | 2.83 | | | $ | (0.14 | ) | | $ | (0.14 | ) | | $ | (0.28 | ) | | $ | 20.49 | | | | 15.89 | % | | $ | 180,059 | | | | 1.20 | % | | | 1.20 | % | | | 0.95 | % | | | 39 | % |
C | | | 15.52 | | | | 0.04 | | | | 2.28 | | | | 2.32 | | | | (0.03 | ) | | | (0.14 | ) | | | (0.17 | ) | | | 17.67 | | | | 15.05 | | | | 20,312 | | | | 1.93 | | | | 1.93 | | | | 0.22 | | | | 39 | |
I | | | 17.75 | | | | 0.24 | | | | 2.60 | | | | 2.84 | | | | (0.20 | ) | | | (0.14 | ) | | | (0.34 | ) | | | 20.25 | | | | 16.19 | | | | 15,561 | | | | 0.94 | | | | 0.94 | | | | 1.22 | | | | 39 | |
R3 | | | 18.13 | | | | 0.13 | | | | 2.66 | | | | 2.79 | | | | (0.08 | ) | | | (0.14 | ) | | | (0.22 | ) | | | 20.70 | | | | 15.48 | | | | 1,448 | | | | 1.54 | | | | 1.53 | | | | 0.63 | | | | 39 | |
R4 | | | 18.34 | | | | 0.19 | | | | 2.70 | | | | 2.89 | | | | (0.14 | ) | | | (0.14 | ) | | | (0.28 | ) | | | 20.95 | | | | 15.87 | | | | 7,550 | | | | 1.20 | | | | 1.20 | | | | 0.96 | | | | 39 | |
R5 | | | 18.49 | | | | 0.23 | | | | 2.75 | | | | 2.98 | | | | (0.20 | ) | | | (0.14 | ) | | | (0.34 | ) | | | 21.13 | | | | 16.25 | | | | 480 | | | | 0.91 | | | | 0.91 | | | | 1.17 | | | | 39 | |
Y | | | 18.55 | | | | 0.27 | | | | 2.73 | | | | 3.00 | | | | (0.22 | ) | | | (0.14 | ) | | | (0.36 | ) | | | 21.19 | | | | 16.32 | | | | 1,052 | | | | 0.83 | | | | 0.83 | | | | 1.31 | | | | 39 | |
F(5) | | | 19.58 | | | | 0.16 | | | | 0.52 | | | | 0.68 | | | | — | | | | — | | | | — | | | | 20.26 | | | | 3.47 | (6) | | | 12,030 | | | | 0.80 | (7) | | | 0.80 | (7) | | | 1.17 | (7) | | | 39 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 18.66 | | | $ | 0.16 | | | $ | 0.57 | | | $ | 0.73 | | | $ | (0.21 | ) | | $ | (1.24 | ) | | $ | (1.45 | ) | | $ | 17.94 | | | | 4.71 | % | | $ | 187,475 | | | | 1.25 | % | | | 1.25 | %(17) | | | 0.93 | % | | | 41 | % |
B | | | 16.45 | | | | 0.02 | | | | 0.48 | | | | 0.50 | | | | (0.01 | ) | | | (1.24 | ) | | | (1.25 | ) | | | 15.70 | | | | 3.75 | | | | 695 | | | | 2.41 | | | | 2.11 | (17) | | | 0.11 | | | | 41 | |
C | | | 16.34 | | | | 0.03 | | | | 0.49 | | | | 0.52 | | | | (0.10 | ) | | | (1.24 | ) | | | (1.34 | ) | | | 15.52 | | | | 3.93 | | | | 22,223 | | | | 1.97 | | | | 1.97 | (17) | | | 0.21 | | | | 41 | |
I | | | 18.47 | | | | 0.21 | | | | 0.57 | | | | 0.78 | | | | (0.26 | ) | | | (1.24 | ) | | | (1.50 | ) | | | 17.75 | | | | 5.03 | | | | 19,139 | | | | 0.92 | | | | 0.92 | (17) | | | 1.23 | | | | 41 | |
R3 | | | 18.83 | | | | 0.11 | | | | 0.58 | | | | 0.69 | | | | (0.15 | ) | | | (1.24 | ) | | | (1.39 | ) | | | 18.13 | | | | 4.39 | | | | 2,783 | | | | 1.54 | | | | 1.54 | (17) | | | 0.64 | | | | 41 | |
R4 | | | 19.03 | | | | 0.17 | | | | 0.59 | | | | 0.76 | | | | (0.21 | ) | | | (1.24 | ) | | | (1.45 | ) | | | 18.34 | | | | 4.73 | | | | 8,720 | | | | 1.22 | | | | 1.22 | (17) | | | 0.96 | | | | 41 | |
R5 | | | 19.19 | | | | 0.22 | | | | 0.59 | | | | 0.81 | | | | (0.27 | ) | | | (1.24 | ) | | | (1.51 | ) | | | 18.49 | | | | 5.04 | | | | 2,025 | | | | 0.92 | | | | 0.92 | (17) | | | 1.27 | | | | 41 | |
Y | | | 19.24 | | | | 0.26 | | | | 0.58 | | | | 0.84 | | | | (0.29 | ) | | | (1.24 | ) | | | (1.53 | ) | | | 18.55 | | | | 5.14 | | | | 845 | | | | 0.81 | | | | 0.81 | (17) | | | 1.46 | | | | 41 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Small Cap Growth Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 45.71 | | | $ | (0.28 | ) | | $ | 6.67 | | | $ | 6.39 | | | $ | — | | | $ | (0.75 | ) | | $ | (0.75 | ) | | $ | 51.35 | | | | 14.06 | % | | $ | 198,430 | | | | 1.26 | % | | | 1.25 | % | | | (0.60 | )% | | | 58 | % |
C | | | 30.90 | | | | (0.39 | ) | | | 4.46 | | | | 4.07 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 34.22 | | | | 13.31 | | | | 12,323 | | | | 1.91 | | | | 1.91 | | | | (1.25 | ) | | | 58 | |
I | | | 48.05 | | | | (0.09 | ) | | | 7.02 | | | | 6.93 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 54.23 | | | | 14.50 | | | | 98,673 | | | | 0.85 | | | | 0.85 | | | | (0.19 | ) | | | 58 | |
R3 | | | 45.05 | | | | (0.38 | ) | | | 6.55 | | | | 6.17 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 50.47 | | | | 13.80 | | | | 7,485 | | | | 1.49 | | | | 1.49 | | | | (0.83 | ) | | | 58 | |
R4 | | | 47.69 | | | | (0.26 | ) | | | 6.96 | | | | 6.70 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 53.64 | | | | 14.13 | | | | 31,169 | | | | 1.19 | | | | 1.19 | | | | (0.52 | ) | | | 58 | |
R5 | | | 50.57 | | | | (0.12 | ) | | | 7.40 | | | | 7.28 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 57.10 | | | | 14.47 | | | | 71,754 | | | | 0.89 | | | | 0.89 | | | | (0.23 | ) | | | 58 | |
R6 | | | 51.36 | | | | (0.06 | ) | | | 7.52 | | | | 7.46 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 58.07 | | | | 14.62 | | | | 80,327 | | | | 0.78 | | | | 0.78 | | | | (0.12 | ) | | | 58 | |
Y | | | 51.39 | | | | (0.08 | ) | | | 7.51 | | | | 7.43 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 58.07 | | | | 14.58 | | | | 255,484 | | | | 0.88 | | | | 0.81 | | | | (0.16 | ) | | | 58 | |
F | | | 48.23 | | | | (0.06 | ) | | | 7.06 | | | | 7.00 | | | | — | | | | (0.75 | ) | | | (0.75 | ) | | | 54.48 | | | | 14.62 | | | | 44,376 | | | | 0.78 | | | | 0.78 | | | | (0.13 | ) | | | 58 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 55.20 | | | $ | (0.21 | ) | | $ | 2.62 | | | $ | 2.41 | | | $ | — | | | $ | (11.90 | ) | | $ | (11.90 | ) | | $ | 45.71 | | | | 8.99 | % | | $ | 195,314 | | | | 1.24 | % | | | 1.24 | % | | | (0.46 | )% | | | 48 | % |
C | | | 41.81 | | | | (0.34 | ) | | | 1.33 | | | | 0.99 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 30.90 | | | | 8.27 | | | | 15,722 | | | | 1.89 | | | | 1.89 | | | | (1.11 | ) | | | 48 | |
I | | | 57.17 | | | | (0.02 | ) | | | 2.80 | | | | 2.78 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 48.05 | | | | 9.41 | | | | 191,482 | | | | 0.83 | | | | 0.83 | | | | (0.05 | ) | | | 48 | |
R3 | | | 54.70 | | | | (0.31 | ) | | | 2.56 | | | | 2.25 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 45.05 | | | | 8.72 | | | | 10,036 | | | | 1.47 | | | | 1.47 | | | | (0.69 | ) | | | 48 | |
R4 | | | 56.99 | | | | (0.18 | ) | | | 2.78 | | | | 2.60 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 47.69 | | | | 9.05 | | | | 42,296 | | | | 1.17 | | | | 1.17 | | | | (0.39 | ) | | | 48 | |
R5 | | | 59.48 | | | | (0.03 | ) | | | 3.02 | | | | 2.99 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 50.57 | | | | 9.40 | | | | 82,624 | | | | 0.85 | | | | 0.85 | | | | (0.07 | ) | | | 48 | |
R6 | | | 60.16 | | | | 0.00 | (12) | | | 3.10 | | | | 3.10 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 51.36 | | | | 9.49 | | | | 66,260 | | | | 0.76 | | | | 0.76 | | | | 0.01 | | | | 48 | |
Y | | | 60.20 | | | | (0.01 | ) | | | 3.10 | | | | 3.09 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 51.39 | | | | 9.44 | | | | 365,867 | | | | 0.82 | | | | 0.80 | | | | (0.01 | ) | | | 48 | |
F | | | 57.30 | | | | 0.01 | | | | 2.82 | | | | 2.83 | | | | — | | | | (11.90 | ) | | | (11.90 | ) | | | 48.23 | | | | 9.49 | | | | 46,533 | | | | 0.76 | | | | 0.76 | | | | 0.02 | | | | 48 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 57.24 | | | $ | (0.33 | ) | | $ | 1.03 | | | $ | 0.70 | | | $ | — | | | $ | (2.74 | ) | | $ | (2.74 | ) | | $ | 55.20 | | | | 1.20 | % | | $ | 203,297 | | | | 1.21 | % | | | 1.20 | % | | | (0.56 | )% | | | 66 | % |
C | | | 44.29 | | | | (0.55 | ) | | | 0.81 | | | | 0.26 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 41.81 | | | | 0.53 | | | | 23,212 | | | | 1.88 | | | | 1.88 | | | | (1.22 | ) | | | 66 | |
I | | | 58.97 | | | | (0.10 | ) | | | 1.04 | | | | 0.94 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 57.17 | | | | 1.59 | | | | 243,340 | | | | 0.82 | | | | 0.82 | | | | (0.16 | ) | | | 66 | |
R3 | | | 56.89 | | | | (0.48 | ) | | | 1.03 | | | | 0.55 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 54.70 | | | | 0.94 | | | | 13,210 | | | | 1.47 | | | | 1.47 | | | | (0.82 | ) | | | 66 | |
R4 | | | 58.98 | | | | (0.31 | ) | | | 1.06 | | | | 0.75 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 56.99 | | | | 1.26 | | | | 69,097 | | | | 1.15 | | | | 1.15 | | | | (0.50 | ) | | | 66 | |
R5 | | | 61.26 | | | | (0.12 | ) | | | 1.08 | | | | 0.96 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 59.48 | | | | 1.56 | | | | 94,887 | | | | 0.85 | | | | 0.85 | | | | (0.20 | ) | | | 66 | |
R6 | | | 61.87 | | | | (0.09 | ) | | | 1.12 | | | | 1.03 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 60.16 | | | | 1.66 | | | | 44,278 | | | | 0.75 | | | | 0.75 | | | | (0.14 | ) | | | 66 | |
Y | | | 61.93 | | | | (0.09 | ) | | | 1.10 | | | | 1.01 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 60.20 | | | | 1.63 | | | | 358,049 | | | | 0.79 | | | | 0.79 | | | | (0.14 | ) | | | 66 | |
F | | | 59.06 | | | | (0.06 | ) | | | 1.04 | | | | 0.98 | | | | — | | | | (2.74 | ) | | | (2.74 | ) | | | 57.30 | | | | 1.66 | | | | 47,999 | | | | 0.75 | | | | 0.75 | | | | (0.10 | ) | | | 66 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 44.55 | | | $ | (0.25 | ) | | $ | 13.25 | | | $ | 13.00 | | | $ | — | | | $ | (0.31 | ) | | $ | (0.31 | ) | | $ | 57.24 | | | | 29.28 | % | | $ | 215,743 | | | | 1.17 | % | | | 1.16 | % | | | (0.48 | )% | | | 56 | % |
C | | | 34.78 | | | | (0.48 | ) | | | 10.30 | | | | 9.82 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 44.29 | | | | 28.36 | | | | 36,531 | | | | 1.89 | | | | 1.88 | | | | (1.19 | ) | | | 56 | |
I | | | 45.79 | | | | (0.18 | ) | | | 13.67 | | | | 13.49 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 58.97 | | | | 29.56 | | | | 429,401 | | | | 1.03 | | | | 0.95 | | | | (0.33 | ) | | | 56 | |
R3 | | | 44.42 | | | | (0.41 | ) | | | 13.19 | | | | 12.78 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 56.89 | | | | 28.87 | | | | 14,427 | | | | 1.48 | | | | 1.48 | | | | (0.79 | ) | | | 56 | |
R4 | | | 45.90 | | | | (0.26 | ) | | | 13.65 | | | | 13.39 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 58.98 | | | | 29.27 | | | | 76,315 | | | | 1.16 | | | | 1.16 | | | | (0.48 | ) | | | 56 | |
R5 | | | 47.52 | | | | (0.10 | ) | | | 14.15 | | | | 14.05 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.26 | | | | 29.67 | | | | 118,794 | | | | 0.86 | | | | 0.86 | | | | (0.17 | ) | | | 56 | |
R6 | | | 47.94 | | | | (0.06 | ) | | | 14.30 | | | | 14.24 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.87 | | | | 29.80 | | | | 10,596 | | | | 0.76 | | | | 0.76 | | | | (0.11 | ) | | | 56 | |
Y | | | 48.00 | | | | (0.05 | ) | | | 14.29 | | | | 14.24 | | | | — | | | | (0.31 | ) | | | (0.31 | ) | | | 61.93 | | | | 29.76 | | | | 370,006 | | | | 0.78 | | | | 0.78 | | | | (0.09 | ) | | | 56 | |
F(5) | | | 52.62 | | | | (0.09 | ) | | | 6.53 | | | | 6.44 | | | | — | | | | — | | | | — | | | | 59.06 | | | | 12.24 | (6) | | | 47,409 | | | | 0.75 | (7) | | | 0.75 | (7) | | | (0.24 | )(7) | | | 56 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 48.56 | | | $ | (0.19 | ) | | $ | 0.11 | (16) | | $ | (0.08 | ) | | $ | — | | | $ | (3.93 | ) | | $ | (3.93 | ) | | $ | 44.55 | | | | 0.02 | % | | $ | 197,738 | | | | 1.25 | % | | | 1.25 | % | | | (0.44 | )% | | | 45 | % |
B | | | 39.35 | | | | (0.43 | ) | | | 0.05 | (16) | | | (0.38 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 35.04 | | | | (0.84 | ) | | | 606 | | | | 2.35 | | | | 2.09 | | | | (1.23 | ) | | | 45 | |
C | | | 39.03 | | | | (0.39 | ) | | | 0.07 | (16) | | | (0.32 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 34.78 | | | | (0.65 | ) | | | 37,807 | | | | 1.94 | | | | 1.94 | | | | (1.13 | ) | | | 45 | |
I | | | 49.68 | | | | (0.07 | ) | | | 0.11 | (16) | | | 0.04 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 45.79 | | | | 0.28 | | | | 137,606 | | | | 0.99 | | | | 0.99 | | | | (0.16 | ) | | | 45 | |
R3 | | | 48.54 | | | | (0.30 | ) | | | 0.11 | (16) | | | (0.19 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 44.42 | | | | (0.24 | ) | | | 12,708 | | | | 1.51 | | | | 1.51 | | | | (0.70 | ) | | | 45 | |
R4 | | | 49.87 | | | | (0.18 | ) | | | 0.14 | (16) | | | (0.04 | ) | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 45.90 | | | | 0.09 | | | | 66,273 | | | | 1.19 | | | | 1.19 | | | | (0.39 | ) | | | 45 | |
R5 | | | 51.35 | | | | (0.04 | ) | | | 0.14 | (16) | | | 0.10 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 47.52 | | | | 0.40 | | | | 102,166 | | | | 0.89 | | | | 0.89 | | | | (0.09 | ) | | | 45 | |
R6 | | | 51.73 | | | | (0.04 | ) | | | 0.18 | (16) | | | 0.14 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 47.94 | | | | 0.46 | | | | 4,072 | | | | 0.79 | | | | 0.79 | | | | (0.09 | ) | | | 45 | |
Y | | | 51.78 | | | | 0.01 | | | | 0.14 | (16) | | | 0.15 | | | | — | | | | (3.93 | ) | | | (3.93 | ) | | | 48.00 | | | | 0.50 | | | | 290,401 | | | | 0.79 | | | | 0.79 | | | | 0.01 | | | | 45 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| Hartford Small Cap Value Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 10.35 | | | $ | 0.09 | | | $ | (1.49 | ) | | $ | (1.40 | ) | | $ | (0.08 | ) | | $ | (0.58 | ) | | $ | (0.66 | ) | | $ | 8.29 | | | | (14.57 | )% | | $ | 32,996 | | | | 1.41 | % | | | 1.29 | % | | | 1.04 | % | | | 62 | % |
C | | | 8.96 | | | | 0.02 | | | | (1.28 | ) | | | (1.26 | ) | | | (0.00 | )(12) | | | (0.58 | ) | | | (0.58 | ) | | | 7.12 | | | | (15.15 | ) | | | 2,020 | | | | 2.15 | | | | 2.04 | | | | 0.29 | | | | 62 | |
I | | | 10.37 | | | | 0.12 | | | | (1.48 | ) | | | (1.36 | ) | | | (0.12 | ) | | | (0.58 | ) | | | (0.70 | ) | | | 8.31 | | | | (14.22 | ) | | | 2,915 | | | | 1.04 | | | | 0.93 | | | | 1.43 | | | | 62 | |
R3 | | | 10.73 | | | | 0.08 | | | | (1.54 | ) | | | (1.46 | ) | | | (0.07 | ) | | | (0.58 | ) | | | (0.65 | ) | | | 8.62 | | | | (14.62 | ) | | | 457 | | | | 1.63 | | | | 1.42 | | | | 0.92 | | | | 62 | |
R4 | | | 10.89 | | | | 0.10 | | | | (1.56 | ) | | | (1.46 | ) | | | (0.09 | ) | | | (0.58 | ) | | | (0.67 | ) | | | 8.76 | | | | (14.46 | ) | | | 30 | | | | 1.33 | | | | 1.20 | | | | 1.10 | | | | 62 | |
R5 | | | 10.87 | | | | 0.13 | | | | (1.56 | ) | | | (1.43 | ) | | | (0.12 | ) | | | (0.58 | ) | | | (0.70 | ) | | | 8.74 | | | | (14.21 | ) | | | 10 | | | | 1.03 | | | | 0.90 | | | | 1.51 | | | | 62 | |
R6 | | | 10.87 | | | | 0.12 | | | | (1.54 | ) | | | (1.42 | ) | | | (0.13 | ) | | | (0.58 | ) | | | (0.71 | ) | | | 8.74 | | | | (14.17 | ) | | | 240 | | | | 0.92 | | | | 0.80 | | | | 1.42 | | | | 62 | |
Y | | | 10.86 | | | | 0.13 | | | | (1.55 | ) | | | (1.42 | ) | | | (0.13 | ) | | | (0.58 | ) | | | (0.71 | ) | | | 8.73 | | | | (14.18 | ) | | | 250 | | | | 1.02 | | | | 0.85 | | | | 1.50 | | | | 62 | |
F | | | 10.38 | | | | 0.13 | | | | (1.49 | ) | | | (1.36 | ) | | | (0.13 | ) | | | (0.58 | ) | | | (0.71 | ) | | | 8.31 | | | | (14.22 | ) | | | 40,447 | | | | 0.91 | | | | 0.80 | | | | 1.53 | | | | 62 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 13.65 | | | $ | 0.10 | | | $ | (0.04 | ) | | $ | 0.06 | | | $ | (0.03 | ) | | $ | (3.33 | ) | | $ | (3.36 | ) | | $ | 10.35 | | | | 3.46 | % | | $ | 47,037 | | | | 1.37 | % | | | 1.27 | % | | | 0.98 | % | | | 140 | % |
C | | | 12.35 | | | | 0.02 | | | | (0.08 | ) | | | (0.06 | ) | | | — | | | | (3.33 | ) | | | (3.33 | ) | | | 8.96 | | | | 2.60 | | | | 3,719 | | | | 2.14 | | | | 2.04 | | | | 0.26 | | | | 140 | |
I | | | 13.68 | | | | 0.14 | | | | (0.05 | ) | | | 0.09 | | | | (0.07 | ) | | | (3.33 | ) | | | (3.40 | ) | | | 10.37 | | | | 3.77 | | | | 4,354 | | | | 1.00 | | | | 0.90 | | | | 1.34 | | | | 140 | |
R3 | | | 14.02 | | | | 0.09 | | | | (0.03 | ) | | | 0.06 | | | | (0.02 | ) | | | (3.33 | ) | | | (3.35 | ) | | | 10.73 | | | | 3.31 | | | | 609 | | | | 1.62 | | | | 1.42 | | | | 0.82 | | | | 140 | |
R4 | | | 14.16 | | | | 0.11 | | | | (0.03 | ) | | | 0.08 | | | | (0.02 | ) | | | (3.33 | ) | | | (3.35 | ) | | | 10.89 | | | | 3.52 | | | | 69 | | | | 1.31 | | | | 1.20 | | | | 1.01 | | | | 140 | |
R5 | | | 14.16 | | | | 0.16 | | | | (0.05 | ) | | | 0.11 | | | | (0.07 | ) | | | (3.33 | ) | | | (3.40 | ) | | | 10.87 | | | | 3.82 | | | | 11 | | | | 1.01 | | | | 0.90 | | | | 1.44 | | | | 140 | |
R6 | | | 14.15 | | | | 0.15 | | | | (0.02 | ) | | | 0.13 | | | | (0.08 | ) | | | (3.33 | ) | | | (3.41 | ) | | | 10.87 | | | | 3.99 | | | | 103 | | | | 0.89 | | | | 0.80 | | | | 1.39 | | | | 140 | |
Y | | | 14.15 | | | | 0.16 | | | | (0.04 | ) | | | 0.12 | | | | (0.08 | ) | | | (3.33 | ) | | | (3.41 | ) | | | 10.86 | | | | 3.94 | | | | 572 | | | | 0.97 | | | | 0.85 | | | | 1.43 | | | | 140 | |
F | | | 13.68 | | | | 0.15 | | | | (0.04 | ) | | | 0.11 | | | | (0.08 | ) | | | (3.33 | ) | | | (3.41 | ) | | | 10.38 | | | | 3.99 | | | | 48,425 | | | | 0.89 | | | | 0.80 | | | | 1.43 | | | | 140 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 14.13 | | | $ | 0.04 | | | $ | 0.10 | | | $ | 0.14 | | | $ | (0.02 | ) | | $ | (0.60 | ) | | $ | (0.62 | ) | | $ | 13.65 | | | | 1.00 | % | | $ | 52,406 | | | | 1.35 | % | | | 1.29 | % | | | 0.28 | % | | | 68 | % |
C | | | 12.91 | | | | (0.06 | ) | | | 0.10 | | | | 0.04 | | | | — | | | | (0.60 | ) | | | (0.60 | ) | | | 12.35 | | | | 0.27 | | | | 6,444 | | | | 2.13 | | | | 2.04 | | | | (0.44 | ) | | | 68 | |
I | | | 14.15 | | | | 0.09 | | | | 0.10 | | | | 0.19 | | | | (0.06 | ) | | | (0.60 | ) | | | (0.66 | ) | | | 13.68 | | | | 1.33 | | | | 3,756 | | | | 1.02 | | | | 0.95 | | | | 0.62 | | | | 68 | |
R3 | | | 14.50 | | | | 0.03 | | | | 0.09 | | | | 0.12 | | | | — | | | | (0.60 | ) | | | (0.60 | ) | | | 14.02 | | | | 0.82 | | | | 529 | | | | 1.62 | | | | 1.43 | | | | 0.18 | | | | 68 | |
R4 | | | 14.61 | | | | 0.06 | | | | 0.10 | | | | 0.16 | | | | (0.01 | ) | | | (0.60 | ) | | | (0.61 | ) | | | 14.16 | | | | 1.07 | | | | 48 | | | | 1.32 | | | | 1.20 | | | | 0.41 | | | | 68 | |
R5 | | | 14.63 | | | | 0.10 | | | | 0.10 | | | | 0.20 | | | | (0.07 | ) | | | (0.60 | ) | | | (0.67 | ) | | | 14.16 | | | | 1.39 | | | | 36 | | | | 1.02 | | | | 0.90 | | | | 0.71 | | | | 68 | |
R6(15) | | | 13.99 | | | | 0.05 | | | | 0.11 | | | | 0.16 | | | | — | | | | — | | | | — | | | | 14.15 | | | | 1.14 | (6) | | | 10 | | | | 0.91 | (7) | | | 0.84 | (7) | | | 0.47 | (7) | | | 68 | |
Y | | | 14.66 | | | | 0.11 | | | | 0.10 | | | | 0.21 | | | | (0.12 | ) | | | (0.60 | ) | | | (0.72 | ) | | | 14.15 | | | | 1.42 | | | | 646 | | | | 0.96 | | | | 0.85 | | | | 0.74 | | | | 68 | |
F | | | 14.16 | | | | 0.11 | | | | 0.09 | | | | 0.20 | | | | (0.08 | ) | | | (0.60 | ) | | | (0.68 | ) | | | 13.68 | | | | 1.42 | | | | 38,087 | | | | 0.90 | | | | 0.84 | | | | 0.80 | | | | 68 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 11.56 | | | $ | 0.04 | | | $ | 2.63 | | | $ | 2.67 | | | $ | (0.10 | ) | | $ | — | | | $ | (0.10 | ) | | $ | 14.13 | | | | 23.19 | % | | $ | 53,057 | | | | 1.28 | % | | | 1.27 | % | | | 0.32 | % | | | 83 | % |
C | | | 10.58 | | | | (0.05 | ) | | | 2.40 | | | | 2.35 | | | | (0.02 | ) | | | — | | | | (0.02 | ) | | | 12.91 | | | | 22.24 | | | | 11,081 | | | | 2.03 | | | | 2.01 | | | | (0.41 | ) | | | 83 | |
I | | | 11.58 | | | | 0.08 | | | | 2.63 | | | | 2.71 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | | | 14.15 | | | | 23.53 | | | | 3,225 | | | | 1.01 | | | | 1.00 | | | | 0.60 | | | | 83 | |
R3 | | | 11.87 | | | | 0.01 | | | | 2.69 | | | | 2.70 | | | | (0.07 | ) | | | — | | | | (0.07 | ) | | | 14.50 | | | | 22.79 | | | | 723 | | | | 1.63 | | | | 1.50 | | | | 0.09 | | | | 83 | |
R4 | | | 11.94 | | | | 0.05 | | | | 2.70 | | | | 2.75 | | | | (0.08 | ) | | | — | | | | (0.08 | ) | | | 14.61 | | | | 23.11 | | | | 113 | | | | 1.36 | | | | 1.20 | | | | 0.36 | | | | 83 | |
R5 | | | 11.96 | | | | 0.10 | | | | 2.71 | | | | 2.81 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | | | 14.63 | | | | 23.63 | | | | 44 | | | | 1.01 | | | | 0.90 | | | | 0.74 | | | | 83 | |
Y | | | 12.00 | | | | 0.11 | | | | 2.71 | | | | 2.82 | | | | (0.16 | ) | | | — | | | | (0.16 | ) | | | 14.66 | | | | 23.58 | | | | 1,242 | | | | 0.86 | | | | 0.85 | | | | 0.78 | | | | 83 | |
F(5) | | | 13.22 | | | | 0.05 | | | | 0.89 | | | | 0.94 | | | | — | | | | — | | | | — | | | | 14.16 | | | | 7.11 | (6) | | | 86,675 | | | | 0.88 | (7) | | | 0.85 | (7) | | | 0.52 | (7) | | | 83 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 12.35 | | | $ | 0.10 | | | $ | (0.15 | )(16) | | $ | (0.05 | ) | | $ | (0.02 | ) | | $ | (0.72 | ) | | $ | (0.74 | ) | | $ | 11.56 | | | | (0.22 | )% | | $ | 46,270 | | | | 1.35 | % | | | 1.31 | %(18) | | | 0.85 | % | | | 94 | % |
B | | | 11.58 | | | | 0.01 | | | | (0.14 | )(16) | | | (0.13 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 10.73 | | | | (0.93 | ) | | | 798 | | | | 2.25 | | | | 2.06 | (18) | | | 0.10 | | | | 94 | |
C | | | 11.43 | | | | 0.01 | | | | (0.14 | )(16) | | | (0.13 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 10.58 | | | | (0.94 | ) | | | 10,410 | | | | 2.08 | | | | 2.06 | (18) | | | 0.11 | | | | 94 | |
I | | | 12.38 | | | | 0.13 | | | | (0.15 | )(16) | | | (0.02 | ) | | | (0.06 | ) | | | (0.72 | ) | | | (0.78 | ) | | | 11.58 | | | | 0.05 | | | | 2,582 | | | | 1.01 | | | | 1.00 | (18) | | | 1.17 | | | | 94 | |
R3 | | | 12.67 | | | | 0.08 | | | | (0.16 | )(16) | | | (0.08 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | | | 11.87 | | | | (0.43 | ) | | | 734 | | | | 1.61 | | | | 1.51 | (18) | | | 0.65 | | | | 94 | |
R4 | | | 12.72 | | | | 0.11 | | | | (0.15 | )(16) | | | (0.04 | ) | | | (0.02 | ) | | | (0.72 | ) | | | (0.74 | ) | | | 11.94 | | | | (0.09 | ) | | | 267 | | | | 1.30 | | | | 1.21 | (18) | | | 0.96 | | | | 94 | |
R5 | | | 12.78 | | | | 0.13 | | | | (0.14 | )(16) | | | (0.01 | ) | | | (0.09 | ) | | | (0.72 | ) | | | (0.81 | ) | | | 11.96 | | | | 0.16 | | | | 44 | | | | 1.00 | | | | 0.91 | (18) | | | 1.08 | | | | 94 | |
Y | | | 12.77 | | | | 0.16 | | | | (0.15 | )(16) | | | 0.01 | | | | (0.06 | ) | | | (0.72 | ) | | | (0.78 | ) | | | 12.00 | | | | 0.31 | | | | 110,028 | | | | 0.88 | | | | 0.86 | (18) | | | 1.36 | | | | 94 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | — Selected Per-Share Data(1) — | | | — Ratios and Supplemental Data — | |
Class | | Net Asset
Value at
Beginning
of Period | | | Net
Investment
Income
(Loss) | | | Net
Realized
and
Unrealized
Gain (Loss)
on
Investments | | | Total from
Investment
Operations | | | Dividends
from Net
Investment
Income | | | Distributions
from
Capital
Gains | | | Total
Dividends
and
Distributions | | | Net
Asset
Value at
End of
Period | | | Total
Return(2) | | | Net
Assets at
End of
Period
(000s) | | | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3) | | | Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3) | | | Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | | | Portfolio
Turnover | |
|
| The Hartford Small Company Fund | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 20.35 | | | $ | (0.14 | ) | | $ | 6.57 | | | $ | 6.43 | | | $ | — | | | $ | (1.28 | ) | | $ | (1.28 | ) | | $ | 25.50 | | | | 33.21 | % | | $ | 389,496 | | | | 1.32 | % | | | 1.31 | % | | | (0.66 | )% | | | 104 | % |
C | | | 13.30 | | | | (0.20 | ) | | | 4.15 | | | | 3.95 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 15.97 | | | | 32.08 | | | | 9,058 | | | | 2.14 | | | | 2.14 | | | | (1.50 | ) | | | 104 | |
I | | | 21.65 | | | | (0.08 | ) | | | 7.02 | | | | 6.94 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 27.31 | | | | 33.59 | | | | 35,806 | | | | 1.00 | | | | 1.00 | | | | (0.35 | ) | | | 104 | |
R3 | | | 22.29 | | | | (0.21 | ) | | | 7.22 | | | | 7.01 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 28.02 | | | | 32.91 | | | | 14,013 | | | | 1.61 | | | | 1.55 | | | | (0.90 | ) | | | 104 | |
R4 | | | 23.88 | | | | (0.15 | ) | | | 7.77 | | | | 7.62 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 30.22 | | | | 33.29 | | | | 13,363 | | | | 1.30 | | | | 1.25 | | | | (0.60 | ) | | | 104 | |
R5 | | | 25.40 | | | | (0.08 | ) | | | 8.29 | | | | 8.21 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 32.33 | | | | 33.64 | | | | 3,936 | | | | 1.01 | | | | 0.95 | | | | (0.30 | ) | | | 104 | |
R6 | | | 25.97 | | | | (0.13 | ) | | | 8.56 | | | | 8.43 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 33.12 | | | | 33.75 | | | | 1,530 | | | | 0.90 | | | | 0.90 | | | | (0.42 | ) | | | 104 | |
Y | | | 25.95 | | | | (0.08 | ) | | | 8.48 | | | | 8.40 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 33.07 | | | | 33.65 | | | | 19,956 | | | | 0.96 | | | | 0.95 | | | | (0.29 | ) | | | 104 | |
F | | | 21.76 | | | | (0.06 | ) | | | 7.07 | | | | 7.01 | | | | — | | | | (1.28 | ) | | | (1.28 | ) | | | 27.49 | | | | 33.75 | | | | 243,057 | | | | 0.90 | | | | 0.90 | | | | (0.24 | ) | | | 104 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 22.20 | | | $ | (0.13 | ) | | $ | 2.28 | | | $ | 2.15 | | | $ | — | | | $ | (4.00 | ) | | $ | (4.00 | ) | | $ | 20.35 | | | | 14.08 | % | | $ | 311,742 | | | | 1.33 | % | | | 1.32 | % | | | (0.66 | )% | | | 91 | % |
C | | | 16.11 | | | | (0.19 | ) | | | 1.38 | | | | 1.19 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 13.30 | | | | 13.24 | | | | 9,929 | | | | 2.14 | | | | 2.13 | | | | (1.46 | ) | | | 91 | |
I | | | 23.28 | | | | (0.08 | ) | | | 2.45 | | | | 2.37 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 21.65 | | | | 14.48 | | | | 26,939 | | | | 1.04 | | | | 1.03 | | | | (0.37 | ) | | | 91 | |
R3 | | | 23.95 | | | | (0.19 | ) | | | 2.53 | | | | 2.34 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 22.29 | | | | 13.84 | | | | 14,142 | | | | 1.62 | | | | 1.55 | | | | (0.89 | ) | | | 91 | |
R4 | | | 25.28 | | | | (0.14 | ) | | | 2.74 | | | | 2.60 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 23.88 | | | | 14.20 | | | | 14,261 | | | | 1.32 | | | | 1.25 | | | | (0.59 | ) | | | 91 | |
R5 | | | 26.53 | | | | (0.07 | ) | | | 2.94 | | | | 2.87 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 25.40 | | | | 14.56 | | | | 3,239 | | | | 1.02 | | | | 0.95 | | | | (0.29 | ) | | | 91 | |
R6 | | | 27.02 | | | | (0.06 | ) | | | 3.01 | | | | 2.95 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 25.97 | | | | 14.60 | | | | 206 | | | | 0.90 | | | | 0.90 | | | | (0.23 | ) | | | 91 | |
Y | | | 27.01 | | | | (0.06 | ) | | | 3.00 | | | | 2.94 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 25.95 | | | | 14.56 | | | | 32,472 | | | | 0.94 | | | | 0.93 | | | | (0.26 | ) | | | 91 | |
F | | | 23.35 | | | | (0.05 | ) | | | 2.46 | | | | 2.41 | | | | — | | | | (4.00 | ) | | | (4.00 | ) | | | 21.76 | | | | 14.63 | | | | 193,242 | | | | 0.90 | | | | 0.90 | | | | (0.23 | ) | | | 91 | |
|
For the Year Ended October 31, 2018 | |
A | | $ | 20.34 | | | $ | (0.20 | ) | | $ | 2.06 | | | $ | 1.86 | | | $ | — | | | $ | — | | | $ | — | | | $ | 22.20 | | | | 9.20 | % | | $ | 283,912 | | | | 1.34 | % | | | 1.33 | % | | | (0.87 | )% | | | 104 | % |
C | | | 14.87 | | | | (0.27 | ) | | | 1.51 | | | | 1.24 | | | | — | | | | — | | | | — | | | | 16.11 | | | | 8.34 | | | | 11,729 | | | | 2.12 | | | | 2.10 | | | | (1.64 | ) | | | 104 | |
I | | | 21.27 | | | | (0.14 | ) | | | 2.15 | | | | 2.01 | | | | — | | | | — | | | | — | | | | 23.28 | | | | 9.45 | | | | 28,540 | | | | 1.07 | | | | 1.05 | | | | (0.60 | ) | | | 104 | |
R3 | | | 21.98 | | | | (0.27 | ) | | | 2.24 | | | | 1.97 | | | | — | | | | — | | | | — | | | | 23.95 | | | | 8.92 | | | | 16,386 | | | | 1.63 | | | | 1.55 | | | | (1.09 | ) | | | 104 | |
R4 | | | 23.14 | | | | (0.20 | ) | | | 2.34 | | | | 2.14 | | | | — | | | | — | | | | — | | | | 25.28 | | | | 9.25 | | | | 15,295 | | | | 1.32 | | | | 1.25 | | | | (0.79 | ) | | | 104 | |
R5 | | | 24.21 | | | | (0.14 | ) | | | 2.46 | | | | 2.32 | | | | — | | | | — | | | | — | | | | 26.53 | | | | 9.58 | | | | 2,678 | | | | 1.03 | | | | 0.95 | | | | (0.51 | ) | | | 104 | |
R6 | | | 24.64 | | | | (0.12 | ) | | | 2.50 | | | | 2.38 | | | | — | | | | — | | | | — | | | | 27.02 | | | | 9.66 | | | | 144 | | | | 0.91 | | | | 0.90 | | | | (0.42 | ) | | | 104 | |
Y | | | 24.64 | | | | (0.12 | ) | | | 2.49 | | | | 2.37 | | | | — | | | | — | | | | — | | | | 27.01 | | | | 9.66 | | | | 35,351 | | | | 0.92 | | | | 0.90 | | | | (0.44 | ) | | | 104 | |
F | | | 21.30 | | | | (0.11 | ) | | | 2.16 | | | | 2.05 | | | | — | | | | — | | | | — | | | | 23.35 | | | | 9.63 | | | | 115,365 | | | | 0.91 | | | | 0.90 | | | | (0.45 | ) | | | 104 | |
|
For the Year Ended October 31, 2017 | |
A | | $ | 15.74 | | | $ | (0.12 | ) | | $ | 4.72 | | | $ | 4.60 | | | $ | — | | | $ | — | | | $ | — | | | $ | 20.34 | | | | 29.16 | % | | $ | 252,187 | | | | 1.39 | % | | | 1.37 | % | | | (0.64 | )% | | | 109 | % |
C | | | 11.60 | | | | (0.19 | ) | | | 3.46 | | | | 3.27 | | | | — | | | | — | | | | — | | | | 14.87 | | | | 28.19 | | | | 26,529 | | | | 2.12 | | | | 2.10 | | | | (1.40 | ) | | | 109 | |
I | | | 16.43 | | | | (0.10 | ) | | | 4.94 | | | | 4.84 | | | | — | | | | — | | | | — | | | | 21.27 | | | | 29.40 | | | | 28,052 | | | | 1.49 | | | | 1.15 | | | | (0.51 | ) | | | 109 | |
R3 | | | 17.05 | | | | (0.17 | ) | | | 5.10 | | | | 4.93 | | | | — | | | | — | | | | — | | | | 21.98 | | | | 28.91 | | | | 23,932 | | | | 1.63 | | | | 1.55 | | | | (0.84 | ) | | | 109 | |
R4 | | | 17.89 | | | | (0.11 | ) | | | 5.36 | | | | 5.25 | | | | — | | | | — | | | | — | | | | 23.14 | | | | 29.29 | | | | 23,080 | | | | 1.32 | | | | 1.25 | | | | (0.53 | ) | | | 109 | |
R5 | | | 18.67 | | | | (0.04 | ) | | | 5.58 | | | | 5.54 | | | | — | | | | — | | | | — | | | | 24.21 | | | | 29.67 | | | | 3,263 | | | | 1.06 | | | | 0.95 | | | | (0.20 | ) | | | 109 | |
R6 | | | 18.99 | | | | (0.09 | ) | | | 5.74 | | | | 5.65 | | | | — | | | | — | | | | — | | | | 24.64 | | | | 29.75 | | | | 78 | | | | 1.07 | | | | 0.90 | | | | (0.38 | ) | | | 109 | |
Y | | | 18.99 | | | | (0.02 | ) | | | 5.67 | | | | 5.65 | | | | — | | | | — | | | | — | | | | 24.64 | | | | 29.70 | | | | 33,040 | | | | 0.94 | | | | 0.90 | | | | (0.08 | ) | | | 109 | |
F(5) | | | 18.76 | | | | (0.05 | ) | | | 2.59 | | | | 2.54 | | | | — | | | | — | | | | — | | | | 21.30 | | | | 13.49 | (6) | | | 81,831 | | | | 0.92 | (7) | | | 0.90 | (7) | | | (0.38 | )(7) | | | 109 | |
|
For the Year Ended October 31, 2016 | |
A | | $ | 19.36 | | | $ | (0.14 | ) | | $ | (0.90 | ) | | $ | (1.04 | ) | | $ | — | | | $ | (2.58 | ) | | $ | (2.58 | ) | | $ | 15.74 | | | | (5.73 | )% | | $ | 262,618 | | | | 1.45 | % | | | 1.43 | %(19) | | | (0.87 | )% | | | 81 | % |
B | | | 15.08 | | | | (0.19 | ) | | | (0.69 | ) | | | (0.88 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 11.62 | | | | (6.40 | ) | | | 862 | | | | 2.46 | | | | 2.17 | (19) | | | (1.59 | ) | | | 81 | |
C | | | 15.06 | | | | (0.19 | ) | | | (0.69 | ) | | | (0.88 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 11.60 | | | | (6.41 | ) | | | 25,586 | | | | 2.14 | | | | 2.14 | (19) | | | (1.58 | ) | | | 81 | |
I | | | 20.04 | | | | (0.10 | ) | | | (0.93 | ) | | | (1.03 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 16.43 | | | | (5.45 | ) | | | 41,881 | | | | 1.24 | | | | 1.18 | (19) | | | (0.61 | ) | | | 81 | |
R3 | | | 20.77 | | | | (0.18 | ) | | | (0.96 | ) | | | (1.14 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 17.05 | | | | (5.83 | ) | | | 29,662 | | | | 1.62 | | | | 1.58 | (19) | | | (1.02 | ) | | | 81 | |
R4 | | | 21.61 | | | | (0.13 | ) | | | (1.01 | ) | | | (1.14 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 17.89 | | | | (5.58 | ) | | | 27,834 | | | | 1.31 | | | | 1.28 | (19) | | | (0.71 | ) | | | 81 | |
R5 | | | 22.37 | | | | (0.07 | ) | | | (1.05 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.67 | | | | (5.27 | ) | | | 5,283 | | | | 1.00 | | | | 0.97 | (19) | | | (0.37 | ) | | | 81 | |
R6 | | | 22.69 | | | | (0.06 | ) | | | (1.06 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.99 | | | | (5.18 | ) | | | 9 | | | | 0.90 | | | | 0.90 | (19) | | | (0.34 | ) | | | 81 | |
Y | | | 22.69 | | | | (0.06 | ) | | | (1.06 | ) | | | (1.12 | ) | | | — | | | | (2.58 | ) | | | (2.58 | ) | | | 18.99 | | | | (5.18 | ) | | | 98,620 | | | | 0.90 | | | | 0.90 | (19) | | | (0.33 | ) | | | 81 | |
| (1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Financial Highlights – (continued)
| (2) | Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account. |
| (3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
| (4) | Includes interest expense representing less than 0.005%. |
| (5) | Commenced operations on February 28, 2017. |
| (8) | Excluding the expenses not subject to cap, the ratios would have been 1.09%, 1.98%, 1.81%, 0.79%, 1.40%, 1.10%, 0.80%, 0.70% and 0.70% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (9) | Excluding the expenses not subject to cap, the ratios would have been 0.79%, 1.54%, 1.54%, 0.54%, 1.09%, 0.79%, 0.49%, 0.42% and 0.42% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (10) | Excluding the expenses not subject to cap, the ratios would have been 1.02%, 1.95%, 1.76%, 0.82%, 1.35%, 1.05%, 0.75%, 0.65% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (11) | Excluding the expenses not subject to cap, the ratios would have been 1.12%, 2.04%, 1.87%, 0.91%, 1.45%, 1.15%, 0.85%, 0.75% and 0.76% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (12) | Amount is less than $0.01 per share. |
| (13) | Commenced operations on February 28, 2019. |
| (14) | Excluding the expenses not subject to cap, the ratios would have been 1.28%, 2.10%, 2.00%, 1.04%, 1.54%, 1.23%, 0.93% and 0.83% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (15) | Commenced operations on February 28, 2018. |
| (16) | Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares. |
| (17) | Excluding the expenses not subject to cap, the ratios would have been 1.23%, 2.09%, 1.95%, 0.90%, 1.52%, 1.20%, 0.90% and 0.79% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (18) | Excluding the expenses not subject to cap, the ratios would have been 1.30%, 2.05%, 2.05%, 0.99%, 1.50%, 1.20%, 0.90% and 0.85% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively. |
| (19) | Excluding the expenses not subject to cap, the ratios would have been 1.40%, 2.15%, 2.11%, 1.15%, 1.55%, 1.25%, 0.95%, 0.88% and 0.88% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively. |
| (20) | Amount is less than 0.01%. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements
October 31, 2020
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each, a “Company” and collectively, the “Companies”) are each an open-end registered management investment company comprised of thirty-six and fourteen series, respectively, as of October 31, 2020. Financial statements for the series of each Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.
The Hartford Mutual Funds, Inc.:
The Hartford Capital Appreciation Fund (the “Capital Appreciation Fund”)
Hartford Core Equity Fund (the “Core Equity Fund”)
The Hartford Dividend and Growth Fund (the “Dividend and Growth Fund”)
The Hartford Equity Income Fund (the “Equity Income Fund”)
The Hartford Healthcare Fund (the “Healthcare Fund”)
The Hartford MidCap Fund (the “MidCap Fund”)
The Hartford MidCap Value Fund (the “MidCap Value Fund”)
Hartford Small Cap Value Fund (the “Small Cap Value Fund”)
The Hartford Small Company Fund (the “Small Company Fund”)
The Hartford Mutual Funds II, Inc.:
The Hartford Growth Opportunities Fund (the “Growth Opportunities Fund”)
Hartford Quality Value Fund (the “Quality Value Fund”)
The Hartford Small Cap Growth Fund (the “Small Cap Growth Fund”)
The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. Each Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.
Each Fund has registered for sale Class A, Class C, Class I, Class R3, Class R4, Class R5, Class Y and Class F shares. Core Equity Fund has registered for sale Class T shares. As of October 31, 2020, Class T shares have not commenced operations. Each Fund, except the MidCap Value Fund, has registered for sale Class R6 shares. Class A shares are sold with a front-end sales charge of up to 5.50%. Class T shares have a front-end sales charge of up to 2.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge.
| 2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
| | a) | Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV for each class of shares of each Fund is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| | b) | Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the respective Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange of the Fund.
Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.
Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.
Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.
Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| | • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| | • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund���s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.
| | c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available.
Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.
Please refer to Note 8 for Securities Lending information.
| | d) | Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized or unrealized gain on investments in these securities, if applicable. |
| | e) | Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. |
A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.
| | f) | Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
| | g) | Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.
Dividends are declared pursuant to a policy adopted by the respective Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each Fund, except Dividend and Growth Fund and Equity Income Fund, is to pay dividends from net investment income and realized gains, if any, at least once a year. The policy of Dividend and Growth Fund and Equity Income Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.
Income dividends and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts notes).
| 3. | Securities and Other Investments: |
| | a) | Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments. |
| | b) | Repurchase Agreements – A repurchase agreement is an agreement between two parties whereby one party sells the other a security at a specified price with a commitment to repurchase the security later at an agreed-upon price, date and interest payment. Each Fund is permitted to enter into fully collateralized repurchase agreements. Each Company’s Board of Directors has delegated to the sub-adviser the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of the securities. In the event the borrower commences bankruptcy proceedings, a court may characterize the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund’s Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2020. |
| 4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why a Fund may use derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect a Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statements of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statements of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedules of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statements of Operations.
| | a) | Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily and an appropriate amount equal to the change in value (“variation margin”) is paid or received by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities. |
During the year ended October 31, 2020, each of Capital Appreciation Fund and Core Equity Fund had used futures contracts.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | b) | Additional Derivative Instrument Information: |
Capital Appreciation Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 2,106,396 | | | $ | — | | | $ | — | | | $ | 2,106,396 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 2,106,396 | | | $ | — | | | $ | — | | | $ | 2,106,396 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities. |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | 7,584,431 | | | $ | — | | | $ | — | | | $ | 7,584,431 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 7,584,431 | | | $ | — | | | $ | — | | | $ | 7,584,431 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of
futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (3,525,277 | ) | | $ | — | | | $ | — | | | $ | (3,525,277 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (3,525,277 | ) | | $ | — | | | $ | — | | | $ | (3,525,277 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 464 | |
Core Equity Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | |
|
Liabilities: | |
Unrealized depreciation on futures contracts(1) | | $ | — | | | $ | — | | | $ | — | | | $ | 2,034,977 | | | $ | — | | | $ | — | | | $ | 2,034,977 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 2,034,977 | | | $ | — | | | $ | — | | | $ | 2,034,977 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
Core Equity Fund – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | 22,139,276 | | | $ | — | | | $ | — | | | $ | 22,139,276 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | 22,139,276 | | | $ | — | | | $ | — | | | $ | 22,139,276 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (3,628,070 | ) | | $ | — | | | $ | — | | | $ | (3,628,070 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | — | | | $ | — | | | $ | (3,628,070 | ) | | $ | — | | | $ | — | | | $ | (3,628,070 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | | | | | | | | | | | | | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Long at Number of Contracts | | 508 |
| | c) | Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to a Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy. |
The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:
Capital Appreciation Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | — | | | $ | (2,106,396 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | — | | | | (2,106,396 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | 2,106,396 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | — | | | $ | — | |
| | | | | | | | |
Core Equity Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | — | | | $ | (2,034,977 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | — | | | | (2,034,977 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | 2,034,977 | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | — | | | $ | — | |
| | | | | | | | |
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
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.
A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.
Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.
Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.
| | a) | Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes. |
| | b) | Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund. |
| | c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows: |
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year
Ended October 31, 2019 | |
Fund | | Ordinary
Income | | | Long-Term
Capital Gains(1) | | | Ordinary
Income | | | Long-Term
Capital Gains(1) | |
Capital Appreciation Fund | | $ | 36,050,954 | | | $ | 304,034,945 | | | $ | 448,614,710 | | | $ | 622,931,313 | |
Core Equity Fund | | | 60,527,093 | | | | 97,987,927 | | | | 45,617,203 | | | | 127,778,830 | |
Dividend and Growth Fund | | | 150,668,454 | | | | 260,565,466 | | | | 146,320,234 | | | | 752,059,161 | |
Equity Income Fund | | | 71,168,447 | | | | 255,909,247 | | | | 86,893,501 | | | | 297,035,762 | |
Growth Opportunities Fund | | | — | | | | 301,835,007 | | | | 345,928,919 | | | | 723,799,792 | |
Healthcare Fund | | | 6,049,810 | | | | 77,681,567 | | | | — | | | | 102,046,786 | |
MidCap Fund | | | — | | | | 703,065,084 | | | | 94,767,016 | | | | 1,219,235,756 | |
MidCap Value Fund | | | 5,747,295 | | | | 16,708,824 | | | | 7,032,454 | | | | 64,802,404 | |
Quality Value Fund | | | 4,852,723 | | | | 5,832,576 | | | | 9,562,429 | | | | 8,736,476 | |
Small Cap Growth Fund | | | — | | | | 15,398,605 | | | | 57,817,003 | | | | 163,570,299 | |
Small Cap Value Fund | | | 1,006,381 | | | | 6,012,453 | | | | 3,160,308 | | | | 22,181,051 | |
Small Company Fund | | | — | | | | 36,747,668 | | | | 10,391,373 | | | | 79,093,272 | |
| | (1) | The Funds designate these distributions as long-term capital gains pursuant to IRC Sec 852(b)(3)(c). |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Undistributed
Ordinary
Income | | | Undistributed
Long-Term
Capital Gain | | | Accumulated
Capital and
Other
Losses | | | Other
Temporary
Differences | | | Unrealized
Appreciation
(Depreciation)
on Investments | | | Total
Accumulated
Earnings
(Deficit) | |
Capital Appreciation Fund | | $ | 24,070,701 | | | $ | 326,546,603 | | | $ | — | | | $ | 9,602,392 | | | $ | 939,928,136 | | | $ | 1,300,147,832 | |
Core Equity Fund | | | 56,999,980 | | | | — | | | | (47,413,004 | ) | | | — | | | | 1,938,558,157 | | | | 1,948,145,133 | |
Dividend and Growth Fund | | | 25,799,175 | | | | 213,872,357 | | | | — | | | | — | | | | 2,095,844,627 | | | | 2,335,516,159 | |
Equity Income Fund | | | 10,274,475 | | | | 41,905,899 | | | | — | | | | — | | | | 602,451,660 | | | | 654,632,034 | |
Growth Opportunities Fund | | | 361,402,932 | | | | 579,604,617 | | | | — | | | | — | | | | 1,575,393,476 | | | | 2,516,401,025 | |
Healthcare Fund | | | 27,136,722 | | | | 157,201,461 | | | | — | | | | — | | | | 280,103,258 | | | | 464,441,441 | |
MidCap Fund | | | — | | | | 1,544,552,227 | | | | — | | | | — | | | | 1,694,504,128 | | | | 3,239,056,355 | |
MidCap Value Fund | | | 2,566,309 | | | | — | | | | (32,798,415 | ) | | | — | | | | 6,136,762 | | | | (24,095,344 | ) |
Quality Value Fund | | | 4,003,209 | | | | — | | | | (2,509,529 | ) | | | — | | | | 4,172,529 | | | | 5,666,209 | |
Small Cap Growth Fund | | | 14,350,307 | | | | 46,568,274 | | | | — | | | | — | | | | 169,007,354 | | | | 229,925,935 | |
Small Cap Value Fund | | | 1,034,382 | | | | — | | | | (5,501,229 | ) | | | — | | | | (6,853,968 | ) | | | (11,320,815 | ) |
Small Company Fund | | | 37,854,012 | | | | 38,852,060 | | | | — | | | | — | | | | 165,200,577 | | | | 241,906,649 | |
| | d) | Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as non-deductible expenses from partnership investments, earnings and profits distributed to shareholders on the redemption of shares, and adjustments to prior year accumulated balances. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | | | | | |
Fund | | Paid-in-Capital | | | Distributable
Earnings (Loss) | |
Capital Appreciation Fund | | $ | 9,532,180 | | | $ | (9,532,180 | ) |
Growth Opportunities Fund | | | 86,614,310 | | | | (86,614,310 | ) |
Healthcare Fund | | | 12,205,933 | | | | (12,205,933 | ) |
MidCap Fund | | | 237,049,819 | | | | (237,049,819 | ) |
Small Cap Growth Fund | | | 14,155,033 | | | | (14,155,033 | ) |
Small Company Fund | | | 454,449 | | | | (454,449 | ) |
| | e) | Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals, passive foreign investment company (PFIC) mark-to-market adjustments, partnership adjustments and non-taxable distributions from underlying investments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on forwards, futures, PFICs, partnership adjustments and non-taxable distributions from underlying investments. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below: |
| | | | | | | | | | | | | | | | |
Fund | | Tax Cost | | | Gross Unrealized
Appreciation | | | Gross Unrealized
(Depreciation) | | | Net Unrealized
Appreciation
(Depreciation) | |
Capital Appreciation Fund | | $ | 5,403,671,679 | | | $ | 1,168,573,541 | | | $ | (228,576,468 | ) | | $ | 939,997,073 | |
Core Equity Fund | | | 6,548,350,994 | | | | 2,125,464,384 | | | | (186,906,227 | ) | | | 1,938,558,157 | |
Dividend and Growth Fund | | | 6,985,688,383 | | | | 2,453,606,892 | | | | (357,762,265 | ) | | | 2,095,844,627 | |
Equity Income Fund | | | 3,056,150,394 | | | | 741,922,132 | | | | (139,585,240 | ) | | | 602,336,892 | |
Growth Opportunities Fund | | | 4,782,400,793 | | | | 1,720,826,561 | | | | (145,435,341 | ) | | | 1,575,391,220 | |
Healthcare Fund | | | 1,207,711,422 | | | | 384,163,147 | | | | (104,074,285 | ) | | | 280,088,862 | |
MidCap Fund | | | 11,371,491,876 | | | | 2,576,986,139 | | | | (882,482,011 | ) | | | 1,694,504,128 | |
MidCap Value Fund | | | 591,079,202 | | | | 50,669,382 | | | | (44,532,620 | ) | | | 6,136,762 | |
Quality Value Fund | | | 165,162,821 | | | | 21,767,401 | | | | (17,594,872 | ) | | | 4,172,529 | |
Small Cap Growth Fund | | | 639,736,873 | | | | 210,827,432 | | | | (41,820,078 | ) | | | 169,007,354 | |
Small Cap Value Fund | | | 88,173,994 | | | | 8,093,917 | | | | (14,947,885 | ) | | | (6,853,968 | ) |
Small Company Fund | | | 580,551,606 | | | | 182,256,637 | | | | (17,056,060 | ) | | | 165,200,577 | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | f) | Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period. At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows: |
| | | | | | | | |
Fund | | Short-Term
Capital Loss
Carryforward
with No
Expiration | | | Long-Term
Capital Loss
Carryforward
with No
Expiration | |
Core Equity Fund | | $ | 47,413,004 | | | $ | — | |
MidCap Value Fund | | | 17,728,662 | | | | 15,069,753 | |
Quality Value Fund | | | 2,509,529 | | | | — | |
Small Cap Value Fund | | | 1,618,830 | | | | 3,882,399 | |
The Capital Appreciation Fund, Dividend and Growth Fund, Equity Income Fund, Growth Opportunities Fund, Healthcare Fund, MidCap Fund, Small Cap Growth Fund and Small Company Fund had no capital loss carryforwards for U.S. federal tax purposes as of October 31, 2020.
| | g) | Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months. |
| | a) | Investment Management Agreement – HFMC serves as each Fund’s investment manager. Each Company, on behalf of its respective Funds, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily investment of the assets of each Fund in accordance with the Fund’s investment objective and policies. HFMC pays a sub-advisory fee to Wellington Management out of its management fee. |
The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
| | |
Fund | | Management Fee Rates |
Capital Appreciation Fund | | 0.8000% on first $500 million and; |
| | 0.7000% on next $500 million and; |
| | 0.6500% on next $4 billion and; |
| | 0.6475% on next $5 billion and; |
| | 0.6450% over $10 billion |
| |
Core Equity Fund | | 0.4500% on first $500 million and; |
| | 0.3500% on next $500 million and; |
| | 0.3300% on next $1.5 billion and; |
| | 0.3250% on next $2.5 billion and; |
| | 0.3225% over $5 billion |
| |
Dividend and Growth Fund | | 0.7500% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5950% on next $2.5 billion and; |
| | 0.5900% on next $5 billion and; |
| | 0.5850% over $10 billion |
| |
Equity Income Fund | | 0.7500% on first $250 million and; |
| | 0.7000% on next $250 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5900% on next $2.5 billion and; |
| | 0.5875% over $5 billion |
| |
Growth Opportunities Fund | | 0.8000% on first $250 million and; |
| | 0.7000% on next $4.75 billion and; |
| | 0.6975% on next $5 billion and; |
| | 0.6950% over $10 billion |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | |
Fund | | Management Fee Rates |
| |
Healthcare Fund | | 0.9000% on first $500 million and; |
| | 0.8500% on next $500 million and; |
| | 0.8000% on next $4 billion and; |
| | 0.7975% on next $5 billion and; |
| | 0.7950% over $10 billion |
| |
MidCap Fund | | 0.8500% on first $500 million and; |
| | 0.7500% on next $500 million and; |
| | 0.7000% on next $4 billion and; |
| | 0.6975% on next $5 billion and; |
| | 0.6950% over $10 billion |
| |
MidCap Value Fund | | 0.7500% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $1.5 billion and; |
| | 0.5950% on next $2.5 billion and; |
| | 0.5900% on next $5 billion and; |
| | 0.5850% over $10 billion |
| |
Quality Value Fund | | 0.4500% on first $500 million and; |
| | 0.3500% on next $500 million and; |
| | 0.3300% on next $4 billion and; |
| | 0.3250% on next $5 billion and; |
| | 0.3225% over $10 billion |
| |
Small Cap Growth Fund | | 0.9000% on first $100 million and; |
| | 0.8000% on next $150 million and; |
| | 0.7000% on next $250 million and; |
| | 0.6500% on next $4.5 billion and; |
| | 0.6300% on next $5 billion and; |
| | 0.6200% over $10 billion |
| |
Small Cap Value Fund | | 0.7000% on first $500 million and; |
| | 0.6500% on next $500 million and; |
| | 0.6000% on next $2 billion and; |
| | 0.5900% on next $2 billion and; |
| | 0.5800% on next $5 billion and; |
| | 0.5700% over $10 billion |
| |
Small Company Fund | | 0.8500% on first $250 million and; |
| | 0.8000% on next $250 million and; |
| | 0.7500% on next $500 million and; |
| | 0.7000% on next $500 million and; |
| | 0.6500% on next $3.5 billion and; |
| | 0.6300% on next $5 billion and; |
| | 0.6200% over $10 billion |
| | b) | Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between each Company, on behalf of its respective Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services. |
From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund were accrued daily and paid monthly at the rates below:
| | | | |
| Capital Appreciation Fund, Growth Opportunities Fund and Small Company Fund | |
| Average Daily Net Assets | | Annual Fees | |
first $3.5 billion and; | | | 0.022% | |
next $3.5 billion and | | | 0.018% | |
Amount over $7 billion | | | 0.015% | |
| |
Core Equity Fund, Dividend and Growth Fund, Equity Income Fund, Healthcare Fund, MidCap Fund, MidCap Value Fund, Quality Value Fund,
Small Cap Growth Fund and Small Cap Value Fund | |
| Average Daily Net Assets | | Annual Fees | |
first $3.5 billion and; | | | 0.018% | |
next $3.5 billion and | | | 0.014% | |
Amount over $7 billion | | | 0.010% | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | c) | Operating Expenses – Allocable expenses incurred by each Company are allocated to each series within such Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually agreed to limit the total annual fund operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses), through February 28, 2021 (unless the applicable Board of Directors approves its earlier termination) as follows for each of the following Funds: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Expense Limit as a Percentage of Average Daily Net Assets | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Quality Value Fund | | | 0.96 | % | | | 1.71 | % | | | 0.66 | % | | | 1.18 | % | | | 0.88 | % | | | 0.63 | % | | | 0.46 | % | | | 0.57 | % | | | 0.46 | % |
Small Cap Value Fund | | | 1.30 | % | | | 2.05 | % | | | 1.00 | % | | | 1.50 | % | | | 1.20 | % | | | 0.90 | % | | | 0.80 | % | | | 0.85 | % | | | 0.80 | % |
Small Company Fund | | | 1.40 | % | | | 2.15 | % | | | 1.15 | % | | | 1.55 | % | | | 1.25 | % | | | 0.95 | % | | | 0.90 | % | | | 0.95 | % | | | 0.90 | % |
| | d) | Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year ended October 31, 2020, these amounts, if any, are included in the Statements of Operations. |
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Capital Appreciation Fund | | | 1.07 | % | | | 1.85 | % | | | 0.79 | % | | | 1.42 | % | | | 1.10 | % | | | 0.81 | % | | | 0.70 | % | | | 0.75 | % | | | 0.70 | % |
Core Equity Fund | | | 0.72 | % | | | 1.47 | % | | | 0.46 | % | | | 1.07 | % | | | 0.73 | % | | | 0.47 | % | | | 0.38 | % | | | 0.45 | % | | | 0.37 | % |
Dividend and Growth Fund | | | 1.00 | % | | | 1.78 | % | | | 0.73 | % | | | 1.35 | % | | | 1.05 | % | | | 0.74 | % | | | 0.65 | % | | | 0.68 | % | | | 0.64 | % |
Equity Income Fund | | | 1.00 | % | | | 1.76 | % | | | 0.74 | % | | | 1.36 | % | | | 1.05 | % | | | 0.77 | % | | | 0.66 | % | | | 0.71 | % | | | 0.66 | % |
Growth Opportunities Fund | | | 1.09 | % | | | 1.85 | % | | | 0.83 | % | | | 1.43 | % | | | 1.13 | % | | | 0.84 | % | | | 0.74 | % | | | 0.78 | % | | | 0.74 | % |
Healthcare Fund | | | 1.27 | % | | | 2.04 | % | | | 0.99 | % | | | 1.61 | % | | | 1.30 | % | | | 1.01 | % | | | 0.90 | % | | | 0.95 | % | | | 0.90 | % |
MidCap Fund | | | 1.11 | % | | | 1.87 | % | | | 0.86 | % | | | 1.46 | % | | | 1.14 | % | | | 0.84 | % | | | 0.75 | % | | | 0.78 | % | | | 0.75 | % |
MidCap Value Fund | | | 1.25 | % | | | 2.03 | % | | | 0.91 | % | | | 1.53 | % | | | 1.23 | % | | | 0.91 | % | | | N/A | | | | 0.87 | % | | | 0.81 | % |
Quality Value Fund | | | 0.91 | % | | | 1.71 | % | | | 0.56 | % | | | 1.16 | % | | | 0.87 | % | | | 0.57 | % | | | 0.46 | % | | | 0.57 | % | | | 0.46 | % |
Small Cap Growth Fund | | | 1.25 | % | | | 1.90 | % | | | 0.85 | % | | | 1.49 | % | | | 1.19 | % | | | 0.89 | % | | | 0.78 | % | | | 0.81 | % | | | 0.77 | % |
Small Cap Value Fund | | | 1.29 | % | | | 2.04 | % | | | 0.92 | % | | | 1.42 | % | | | 1.20 | % | | | 0.90 | % | | | 0.80 | % | | | 0.85 | % | | | 0.80 | % |
Small Company Fund | | | 1.31 | % | | | 2.14 | % | | | 1.00 | % | | | 1.55 | % | | | 1.25 | % | | | 0.95 | % | | | 0.90 | % | | | 0.95 | % | | | 0.89 | % |
| | e) | Sales Charges and Distribution and Service Plan for Class A, T, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows: |
| | | | | | | | |
Fund | | Front-end
Sales Charges | | | Contingent Deferred
Sales Charges | |
Capital Appreciation Fund | | $ | 1,729,715 | | | $ | 27,965 | |
Core Equity Fund | | | 3,212,696 | | | | 116,581 | |
Dividend and Growth Fund | | | 2,917,342 | | | | 33,887 | |
Equity Income Fund | | | 1,207,281 | | | | 18,968 | |
Growth Opportunities Fund | | | 2,468,903 | | | | 26,140 | |
Healthcare Fund | | | 689,627 | | | | 4,898 | |
MidCap Fund | | | 2,625,224 | | | | 53,614 | |
MidCap Value Fund | | | 418,533 | | | | 3,872 | |
Quality Value Fund | | | 79,640 | | | | 1,649 | |
Small Cap Growth Fund | | | 44,357 | | | | 1 | |
Small Cap Value Fund | | | 31,353 | | | | 2,138 | |
Small Company Fund | | | 443,000 | | | | 2,436 | |
The Board of Directors of each Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, T, C, R3 and R4 shares. Under a Plan, Class A, Class T, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class T Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class T shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. As of October 31, 2020, Class T shares have not commenced operations. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities,
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the respective Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third-party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statements of Operations.
| | f) | Other Related Party Transactions – Certain officers of each Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2020, a portion of each Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below. |
| | | | |
Fund | | CCO Compensation
Paid by Fund | |
Capital Appreciation Fund | | $ | 14,700 | |
Core Equity Fund | | | 17,080 | |
Dividend and Growth Fund | | | 20,537 | |
Equity Income Fund | | | 8,655 | |
Growth Opportunities Fund | | | 12,251 | |
Healthcare Fund | | | 3,260 | |
MidCap Fund | | | 31,299 | |
MidCap Value Fund | | | 1,448 | |
Quality Value Fund | | | 411 | |
Small Cap Growth Fund | | | 2,131 | |
Small Cap Value Fund | | | 184 | |
Small Company Fund | | | 1,481 | |
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the applicable Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.
| | | | |
Share Class | | Specified Amount
(as a percentage
average daily
net assets) | |
Class A | | | 0.25 | % |
Class C | | | 0.25 | % |
Class I | | | 0.20 | % |
Class Y | | | 0.11 | % |
Class R3 | | | 0.22 | % |
Class R4 | | | 0.17 | % |
Class R5 | | | 0.12 | % |
Class R6 | | | 0.004 | % |
Class F | | | 0.004 | % |
Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows through February 28, 2021, unless the applicable Board of Directors approve its earlier termination:
| | | | | | | | |
Fund | | Class I | | | Class Y | |
Capital Appreciation Fund | | | N/A | | | | 0.06 | % |
Core Equity Fund | | | N/A | | | | 0.08 | % |
Dividend and Growth Fund | | | N/A | | | | 0.04 | % |
Equity Income Fund | | | N/A | | | | 0.06 | % |
Growth Opportunities Fund | | | N/A | | | | 0.04 | % |
Healthcare Fund | | | N/A | | | | 0.05 | % |
MidCap Fund | | | 0.12 | % | | | 0.04 | % |
MidCap Value Fund | | | N/A | | | | 0.07 | % |
Small Cap Growth Fund | | | N/A | | | | 0.04 | % |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
From November 1, 2019 through February 27, 2020, HASCO contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:
| | | | | | | | |
Fund | | Class I | | | Class Y | |
Capital Appreciation Fund | | | N/A | | | | 0.04 | % |
Core Equity Fund | | | N/A | | | | 0.06 | % |
Dividend and Growth Fund | | | N/A | | | | 0.05 | % |
Equity Income Fund | | | N/A | | | | 0.05 | % |
Growth Opportunities Fund | | | N/A | | | | 0.05 | % |
Healthcare Fund | | | N/A | | | | 0.06 | % |
MidCap Fund | | | 0.12 | % | | | 0.04 | % |
MidCap Value Fund | | | N/A | | | | 0.05 | % |
Small Cap Growth Fund | | | N/A | | | | 0.04 | % |
Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.
For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Capital Appreciation Fund | | | 0.12 | % | | | 0.15 | % | | | 0.09 | % | | | 0.22 | % | | | 0.15 | % | | | 0.11 | % | | | 0.00 | %* | | | 0.05 | % | | | 0.00 | %* |
Core Equity Fund | | | 0.10 | % | | | 0.09 | % | | | 0.09 | % | | | 0.20 | % | | | 0.16 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.08 | % | | | 0.00 | %* |
Dividend and Growth Fund | | | 0.11 | % | | | 0.14 | % | | | 0.09 | % | | | 0.21 | % | | | 0.16 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.04 | % | | | 0.00 | %* |
Equity Income Fund | | | 0.10 | % | | | 0.10 | % | | | 0.09 | % | | | 0.20 | % | | | 0.15 | % | | | 0.11 | % | | | 0.00 | %* | | | 0.06 | % | | | 0.00 | %* |
Growth Opportunities Fund | | | 0.11 | % | | | 0.11 | % | | | 0.09 | % | | | 0.20 | % | | | 0.14 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.04 | % | | | 0.00 | %* |
Healthcare Fund | | | 0.13 | % | | | 0.14 | % | | | 0.09 | % | | | 0.21 | % | | | 0.15 | % | | | 0.11 | % | | | 0.00 | %* | | | 0.05 | % | | | 0.00 | %* |
MidCap Fund | | | 0.11 | % | | | 0.12 | % | | | 0.12 | % | | | 0.22 | % | | | 0.17 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.04 | % | | | 0.00 | %* |
MidCap Value Fund | | | 0.19 | % | | | 0.21 | % | | | 0.10 | % | | | 0.22 | % | | | 0.17 | % | | | 0.10 | % | | | N/A | | | | 0.06 | % | | | 0.00 | %* |
Quality Value Fund | | | 0.20 | % | | | 0.25 | % | | | 0.10 | % | | | 0.22 | % | | | 0.16 | % | | | 0.12 | % | | | 0.00 | %* | | | 0.11 | % | | | 0.00 | %* |
Small Cap Growth Fund | | | 0.24 | % | | | 0.13 | % | | | 0.08 | % | | | 0.22 | % | | | 0.17 | % | | | 0.12 | % | | | 0.00 | %* | | | 0.04 | % | | | 0.00 | %* |
Small Cap Value Fund | | | 0.25 | % | | | 0.24 | % | | | 0.12 | % | | | 0.22 | % | | | 0.17 | % | | | 0.12 | % | | | 0.00 | %* | | | 0.11 | % | | | 0.00 | %* |
Small Company Fund | | | 0.17 | % | | | 0.25 | % | | | 0.11 | % | | | 0.21 | % | | | 0.16 | % | | | 0.12 | % | | | 0.00 | %* | | | 0.07 | % | | | 0.00 | %* |
Each Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1⁄3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.
The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.
The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of October 31, 2020.
| | | | | | | | | | | | |
Fund | | Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities(1) | | | Collateral Posted by Borrower(2) | | | Net Amount(3) | |
Capital Appreciation Fund | | $ | 12,892,695 | | | $ | (12,892,695 | ) | | $ | — | |
Core Equity Fund | | | — | | | | — | | | | — | |
Dividend and Growth Fund | | | — | | | | — | | | | — | |
Equity Income Fund | | | — | | | | — | | | | — | |
Growth Opportunities Fund | | | 36,965,203 | | | | (36,965,203 | ) | | | — | |
Healthcare Fund | | | 13,609,564 | | | | (13,609,564 | ) | | | — | |
MidCap Fund | | | 109,657,728 | | | | (109,657,728 | ) | | | — | |
MidCap Value Fund | | | — | | | | — | | | | — | |
Quality Value Fund | | | — | | | | — | | | | — | |
Small Cap Growth Fund | | | 10,469,863 | | | | (10,469,863 | ) | | | — | |
Small Cap Value Fund | | | 1,790,215 | | | | (1,790,215 | ) | | | — | |
Small Company Fund | | | 22,999,926 | | | | (22,999,926 | ) | | | — | |
| | (1) | It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract. |
| | (2) | Collateral received in excess of the market value of securities on loan is not presented in this table. |
| | (3) | Net amount represents the net amount receivable due from the counterparty in the event of default. |
The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:
| | | | | | | | |
Fund | | Cash
Collateral | | | Non-Cash
Collateral | |
Capital Appreciation Fund | | $ | 14,005,385 | | | $ | — | |
Core Equity Fund | | | — | | | | — | |
Dividend and Growth Fund | | | — | | | | — | |
Equity Income Fund | | | — | | | | — | |
Growth Opportunities Fund | | | 28,236,824 | | | | 13,183,144 | |
Healthcare Fund | | | 14,201,882 | | | | — | |
MidCap Fund | | | 89,240,840 | | | | 30,346,596 | |
MidCap Value Fund | | | — | | | | — | |
Quality Value Fund | | | — | | | | — | |
Small Cap Growth Fund | | | 10,694,775 | | | | — | |
Small Cap Value Fund | | | 1,842,216 | | | | — | |
Small Company Fund | | | 23,792,335 | | | | — | |
The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.
Certain Transfers Accounted For As Secured Borrowings
Remaining Contractual Maturity of the Agreements
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| Capital Appreciation Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 14,005,385 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,005,385 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 14,005,385 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,005,385 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 14,005,385 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Growth Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 28,236,824 | | | $ | — | | | $ | — | | | $ | — | | | $ | 28,236,824 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 28,236,824 | | | $ | — | | | $ | — | | | $ | — | | | $ | 28,236,824 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 28,236,824 | |
| | | | | | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| | | | | |
| Healthcare Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 14,201,882 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,201,882 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 14,201,882 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,201,882 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 14,201,882 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| MidCap Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 89,240,840 | | | $ | — | | | $ | — | | | $ | — | | | $ | 89,240,840 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 89,240,840 | | | $ | — | | | $ | — | | | $ | — | | | $ | 89,240,840 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 89,240,840 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Small Cap Growth Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 10,694,775 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,694,775 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 10,694,775 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,694,775 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 10,694,775 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Small Cap Value Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 463,912 | | | $ | — | | | $ | — | | | $ | — | | | $ | 463,912 | |
Exchange-Traded Funds | | | 1,378,304 | | | | — | | | | — | | | | — | | | | 1,378,304 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 1,842,216 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,842,216 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 1,842,216 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Small Company Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 15,861,645 | | | $ | — | | | $ | — | | | $ | — | | | $ | 15,861,645 | |
Exchange-Traded Funds | | | 7,930,690 | | | | — | | | | — | | | | — | | | | 7,930,690 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 23,792,335 | | | $ | — | | | $ | — | | | $ | — | | | $ | 23,792,335 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | | | | | | | | | | | | | | | | $ | 23,792,335 | |
| | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand. |
As of October 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:
Percentage of a Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Healthcare Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 0 | %* | | | — | | | | — | |
Quality Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 2 | % | | | — | | | | — | |
Small Cap Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | 100 | % | | | 4 | % | | | — | | | | — | |
Percentage of Fund by Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class R6 | | | Class Y | | | Class F | |
Healthcare Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 0 | %* | | | — | | | | — | |
Quality Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 0 | %* | | | — | | | | — | |
Small Cap Value Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | 0 | %* | | | 0 | %* | | | — | | | | — | |
| | * | Percentage rounds to zero. |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:
| | | | |
Funds | | Percentage
of Fund* | |
Capital Appreciation Fund | | | 8 | % |
Core Equity Fund | | | 4 | % |
Dividend and Growth Fund | | | 9 | % |
Equity Income Fund | | | 7 | % |
Growth Opportunities Fund | | | 2 | % |
MidCap Fund | | | 1 | % |
MidCap Value Fund | | | 2 | % |
Small Cap Growth Fund | | | 5 | % |
Small Cap Value Fund | | | 45 | % |
Small Company Fund | | | 8 | % |
| | * | As of October 31, 2020, affiliated funds of funds and the 529 plans invest in Class F shares. |
| 11. | Affiliated Security Transactions: |
If a Fund owns 5% or more of the outstanding voting securities, either directly or indirectly, of a particular issuer, the 1940 Act deems such an issuer to be an “affiliate” of the Fund. As of and during the year ended October 31, 2020, the MidCap Fund and Small Company Fund owned 5% or more of the outstanding voting securities of the issuers identified in the tables below.
A summary of affiliate transactions for the MidCap Fund and Small Company Fund for the year ended October 31, 2020 is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated Investments | | Beginning
Value as of
November 1, 2019 | | | Purchases at
Cost | | | Proceeds from
Sales | | | Net
Realized Gain/
(Loss)
on Sales | | | Change in
Unrealized
Appreciation/
(Depreciation) | | | Ending
Value as of
October 31, 2020 | | | Shares as of
October 31, 2020 | | | Dividend
Income | |
| MidCap Fund | | | | | | | | | | | | | | | | | | | | | | | | |
Aerie Pharmaceuticals, Inc. | | $ | 54,922,269 | | | $ | 13,807,304 | | | $ | 49,251,629 | | | $ | (101,388,457 | ) | | $ | 81,910,513 | | | $ | — | | | | — | | | $ | — | |
Coherent, Inc. | | | 132,404,921 | | | | 102,543,047 | | | | 18,666,624 | | | | (5,201,174 | ) | | | (23,510,452 | ) | | | 187,569,718 | | | | 1,498,879 | | | | — | |
CommScope Holding Co., Inc. | | | 74,978,478 | | | | 103,485,683 | | | | 14,863,863 | | | | (21,269,150 | ) | | | (4,651,218 | ) | | | 137,679,930 | | | | 15,469,655 | | | | — | |
II-VI, Inc. | | | 152,521,128 | | | | 87,776,135 | | | | 45,346,985 | | | | (4,258,322 | ) | | | 91,226,500 | | | | 281,918,456 | | | | 6,200,098 | | | | — | |
KAR Auction Services, Inc. | | | 127,517,704 | | | | 116,733,373 | | | | 18,759,288 | | | | (6,419,735 | ) | | | (52,689,329 | ) | | | 166,382,725 | | | | 11,427,385 | | | | 2,418,446 | |
NuVasive, Inc. | | | 192,073,295 | | | | 22,124,512 | | | | 22,039,923 | | | | (1,625,516 | ) | | | (68,002,825 | ) | | | 122,529,543 | | | | 2,757,811 | | | | — | |
PTC Therapeutics, Inc. | | | — | | | | 192,524,548 | | | | 16,357,790 | | | | (2,002,854 | ) | | | 11,479,475 | | | | 185,643,379 | | | | 3,557,068 | | | | — | |
Teradata Corp. | | | 172,696,758 | | | | 82,606,839 | | | | 17,713,987 | | | | (11,095,886 | ) | | | (68,103,157 | ) | | | 158,390,567 | | | | 8,622,241 | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 907,114,553 | | | $ | 721,601,441 | | | $ | 203,000,089 | | | $ | (153,261,094 | ) | | $ | (32,340,493 | ) | | $ | 1,240,114,318 | | | | 49,533,137 | | | $ | 2,418,446 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | |
| Small Company Fund | | | | | | | | | | | | | | | | | | | | | | | | |
Allstar Co. | | $ | 721,418 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,913,326 | | | $ | 2,634,744 | | | | 3,136,600 | | | $ | 691,539 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 721,418 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,913,326 | | | $ | 2,634,744 | | | | 3,136,600 | | | $ | 691,539 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 12. | Investment Transactions: |
For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Cost of Purchases
Excluding U.S.
Government
Obligations | | | Sales Proceeds
Excluding U.S.
Government
Obligations | | | Cost of Purchases
For U.S.
Government
Obligations | | | Sales Proceeds
For U.S.
Government
Obligations | | | Total Cost of
Purchases | | | Total Sales
Proceeds | |
Capital Appreciation Fund | | $ | 5,386,510,911 | | | $ | 6,408,684,947 | | | $ | — | | | $ | — | | | $ | 5,386,510,911 | | | $ | 6,408,684,947 | |
Core Equity Fund | | | 3,761,890,878 | | | | 1,532,175,556 | | | | — | | | | — | | | | 3,761,890,878 | | | | 1,532,175,556 | |
Dividend and Growth Fund | | | 2,933,457,424 | | | | 2,423,341,543 | | | | — | | | | — | | | | 2,933,457,424 | | | | 2,423,341,543 | |
Equity Income Fund | | | 1,153,523,941 | | | | 1,255,592,425 | | | | — | | | | — | | | | 1,153,523,941 | | | | 1,255,592,425 | |
Growth Opportunities Fund | | | 6,088,069,616 | | | | 6,640,053,475 | | | | — | | | | — | | | | 6,088,069,616 | | | | 6,640,053,475 | |
Healthcare Fund | | | 655,876,413 | | | | 714,957,278 | | | | — | | | | — | | | | 655,876,413 | | | | 714,957,278 | |
MidCap Fund | | | 6,082,643,735 | | | | 7,941,564,033 | | | | — | | | | — | | | | 6,082,643,735 | | | | 7,941,564,033 | |
MidCap Value Fund | | | 397,362,327 | | | | 385,146,886 | | | | — | | | | — | | | | 397,362,327 | | | | 385,146,886 | |
Quality Value Fund | | | 47,078,499 | | | | 64,038,117 | | | | — | | | | — | | | | 47,078,499 | | | | 64,038,117 | |
Small Cap Growth Fund | | | 524,357,837 | | | | 858,968,255 | | | | — | | | | — | | | | 524,357,837 | | | | 858,968,255 | |
Small Cap Value Fund | | | 52,268,952 | | | | 58,824,588 | | | | — | | | | — | | | | 52,268,952 | | | | 58,824,588 | |
Small Company Fund | | | 645,374,079 | | | | 705,118,203 | | | | — | | | | — | | | | 645,374,079 | | | | 705,118,203 | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| 13. | Capital Share Transactions: |
The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Capital Appreciation Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,936,646 | | | $ | 174,349,729 | | | | 6,684,086 | | | $ | 232,423,382 | |
Shares Issued for Reinvested Dividends | | | 6,205,381 | | | | 227,070,199 | | | | 22,329,307 | | | | 687,462,739 | |
Shares Redeemed | | | (20,320,300 | ) | | | (726,270,861 | ) | | | (24,060,103 | ) | | | (834,177,503 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (9,178,273 | ) | | | (324,850,933 | ) | | | 4,953,290 | | | | 85,708,618 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 646,385 | | | $ | 16,546,122 | | | | 1,093,708 | | | $ | 26,748,681 | |
Shares Issued for Reinvested Dividends | | | 576,523 | | | | 15,076,069 | | | | 3,194,762 | | | | 71,977,983 | |
Shares Redeemed | | | (5,045,288 | ) | | | (130,502,671 | ) | | | (8,552,882 | ) | | | (220,040,659 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,822,380 | ) | | | (98,880,480 | ) | | | (4,264,412 | ) | | | (121,313,995 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,956,471 | | | $ | 70,731,684 | | | | 2,525,910 | | | $ | 87,546,675 | |
Shares Issued for Reinvested Dividends | | | 771,728 | | | | 28,460,949 | | | | 2,918,816 | | | | 90,422,933 | |
Shares Redeemed | | | (5,242,907 | ) | | | (186,790,433 | ) | | | (7,113,244 | ) | | | (243,912,297 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,514,708 | ) | | | (87,597,800 | ) | | | (1,668,518 | ) | | | (65,942,689 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 116,903 | | | $ | 4,540,361 | | | | 112,855 | | | $ | 4,432,352 | |
Shares Issued for Reinvested Dividends | | | 46,694 | | | | 1,912,115 | | | | 236,998 | | | | 8,150,367 | |
Shares Redeemed | | | (408,486 | ) | | | (16,587,839 | ) | | | (607,653 | ) | | | (23,140,877 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (244,889 | ) | | | (10,135,363 | ) | | | (257,800 | ) | | | (10,558,158 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 102,404 | | | $ | 4,357,340 | | | | 84,709 | | | $ | 3,432,233 | |
Shares Issued for Reinvested Dividends | | | 34,702 | | | | 1,480,745 | | | | 183,710 | | | | 6,552,532 | |
Shares Redeemed | | | (305,424 | ) | | | (13,165,782 | ) | | | (573,752 | ) | | | (23,412,700 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (168,318 | ) | | | (7,327,697 | ) | | | (305,333 | ) | | | (13,427,935 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 73,396 | | | $ | 3,082,937 | | | | 181,208 | | | $ | 7,914,397 | |
Shares Issued for Reinvested Dividends | | | 37,234 | | | | 1,629,967 | | | | 122,722 | | | | 4,476,273 | |
Shares Redeemed | | | (247,588 | ) | | | (10,879,629 | ) | | | (205,507 | ) | | | (8,681,890 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (136,958 | ) | | | (6,166,725 | ) | | | 98,423 | | | | 3,708,780 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 154,746 | | | $ | 6,189,604 | | | | 267,939 | | | $ | 11,761,170 | |
Shares Issued for Reinvested Dividends | | | 80,778 | | | | 3,562,525 | | | | 257,757 | | | | 9,465,639 | |
Shares Redeemed | | | (1,780,995 | ) | | | (77,069,137 | ) | | | (319,035 | ) | | | (13,587,366 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,545,471 | ) | | | (67,317,008 | ) | | | 206,661 | | | | 7,639,443 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 406,425 | | | $ | 17,905,774 | | | | 941,007 | | | $ | 38,590,999 | |
Shares Issued for Reinvested Dividends | | | 187,899 | | | | 8,281,321 | | | | 618,487 | | | | 22,707,855 | |
Shares Redeemed | | | (2,600,260 | ) | | | (116,860,535 | ) | | | (1,311,560 | ) | | | (54,361,429 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,005,936 | ) | | | (90,673,440 | ) | | | 247,934 | | | | 6,937,425 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,953,391 | | | $ | 96,156,703 | | | | 2,208,483 | | | $ | 75,649,434 | |
Shares Issued for Reinvested Dividends | | | 1,088,641 | | | | 40,167,416 | | | | 4,119,442 | | | | 127,618,948 | |
Shares Redeemed | | | (6,078,654 | ) | | | (219,729,113 | ) | | | (8,650,541 | ) | | | (303,183,820 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,036,622 | ) | | | (83,404,994 | ) | | | (2,322,616 | ) | | | (99,915,438 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (21,653,555 | ) | | $ | (776,354,440 | ) | | | (3,312,371 | ) | | $ | (207,163,949 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Core Equity Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 12,000,329 | | | $ | 399,459,192 | | | | 8,354,312 | | | $ | 252,717,104 | |
Shares Issued for Reinvested Dividends | | | 652,243 | | | | 22,377,578 | | | | 1,170,588 | | | | 31,856,185 | |
Shares Redeemed | | | (7,386,228 | ) | | | (240,896,634 | ) | | | (5,215,218 | ) | | | (160,692,456 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,266,344 | | | | 180,940,136 | | | | 4,309,682 | | | | 123,880,833 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Core Equity Fund – (continued) | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,551,296 | | | $ | 137,663,560 | | | | 3,448,909 | | | $ | 95,348,410 | |
Shares Issued for Reinvested Dividends | | | 247,606 | | | | 7,653,796 | | | | 502,591 | | | | 12,459,225 | |
Shares Redeemed | | | (3,263,520 | ) | | | (99,295,785 | ) | | | (2,521,277 | ) | | | (70,389,801 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,535,382 | | | | 46,021,571 | | | | 1,430,223 | | | | 37,417,834 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 55,251,441 | | | $ | 1,824,328,535 | | | | 25,472,720 | | | $ | 784,168,575 | |
Shares Issued for Reinvested Dividends | | | 1,340,855 | | | | 46,209,109 | | | | 1,993,782 | | | | 54,347,120 | |
Shares Redeemed | | | (27,336,937 | ) | | | (896,498,720 | ) | | | (12,866,239 | ) | | | (391,201,983 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 29,255,359 | | | | 974,038,924 | | | | 14,600,263 | | | | 447,313,712 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 599,499 | | | $ | 20,904,257 | | | | 211,237 | | | $ | 6,632,389 | |
Shares Issued for Reinvested Dividends | | | 21,100 | | | | 731,315 | | | | 48,300 | | | | 1,333,045 | |
Shares Redeemed | | | (352,314 | ) | | | (11,904,251 | ) | | | (389,729 | ) | | | (12,245,081 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 268,285 | | | | 9,731,321 | | | | (130,192 | ) | | | (4,279,647 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,581,637 | | | $ | 56,055,128 | | | | 1,180,826 | | | $ | 37,776,886 | |
Shares Issued for Reinvested Dividends | | | 100,713 | | | | 3,564,282 | | | | 208,644 | | | | 5,850,946 | |
Shares Redeemed | | | (1,491,613 | ) | | | (51,795,823 | ) | | | (1,698,103 | ) | | | (53,981,141 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 190,737 | | | | 7,823,587 | | | | (308,633 | ) | | | (10,353,309 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,134,925 | | | $ | 38,804,050 | | | | 1,436,917 | | | $ | 45,315,419 | |
Shares Issued for Reinvested Dividends | | | 159,932 | | | | 5,552,692 | | | | 323,315 | | | | 8,879,357 | |
Shares Redeemed | | | (2,986,041 | ) | | | (101,176,396 | ) | | | (1,502,323 | ) | | | (47,538,353 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,691,184 | ) | | | (56,819,654 | ) | | | 257,909 | | | | 6,656,423 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 16,027,389 | | | $ | 553,894,759 | | | | 4,632,883 | | | $ | 148,100,189 | |
Shares Issued for Reinvested Dividends | | | 209,189 | | | | 7,302,091 | | | | 253,490 | | | | 6,992,185 | |
Shares Redeemed | | | (3,524,239 | ) | | | (123,476,087 | ) | | | (2,017,998 | ) | | | (61,880,496 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 12,712,339 | | | | 437,720,763 | | | | 2,868,375 | | | | 93,211,878 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 11,888,408 | | | $ | 397,928,760 | | | | 5,881,409 | | | $ | 182,841,788 | |
Shares Issued for Reinvested Dividends | | | 285,662 | | | | 9,972,693 | | | | 370,855 | | | | 10,229,172 | |
Shares Redeemed | | | (4,866,025 | ) | | | (165,866,944 | ) | | | (2,374,093 | ) | | | (71,937,946 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 7,308,045 | | | | 242,034,509 | | | | 3,878,171 | | | | 121,133,014 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 29,798,828 | | | $ | 1,002,322,628 | | | | 33,881,513 | | | $ | 1,030,449,832 | |
Shares Issued for Reinvested Dividends | | | 1,403,840 | | | | 48,429,362 | | | | 1,240,370 | | | | 33,816,032 | |
Shares Redeemed | | | (18,375,875 | ) | | | (609,580,679 | ) | | | (6,710,781 | ) | | | (209,251,668 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 12,826,793 | | | | 441,171,311 | | | | 28,411,102 | | | | 855,014,196 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 67,672,100 | | | $ | 2,282,662,468 | | | | 55,316,900 | | | $ | 1,669,994,934 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Dividend and Growth Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 12,878,095 | | | $ | 307,347,699 | | | | 10,848,253 | | | $ | 260,738,740 | |
Shares Issued for Reinvested Dividends | | | 6,355,646 | | | | 158,639,507 | | | | 16,688,013 | | | | 372,818,519 | |
Shares Redeemed | | | (23,863,951 | ) | | | (575,703,006 | ) | | | (20,698,694 | ) | | | (499,914,217 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (4,630,210 | ) | | | (109,715,800 | ) | | | 6,837,572 | | | | 133,643,042 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,341,581 | | | $ | 31,800,923 | | | | 1,414,298 | | | $ | 32,132,341 | |
Shares Issued for Reinvested Dividends | | | 277,274 | | | | 6,745,974 | | | | 1,026,732 | | | | 21,933,732 | |
Shares Redeemed | | | (3,403,410 | ) | | | (78,986,558 | ) | | | (3,932,419 | ) | | | (91,472,582 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,784,555 | ) | | | (40,439,661 | ) | | | (1,491,389 | ) | | | (37,406,509 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 44,546,101 | | | $ | 1,034,422,781 | | | | 13,889,977 | | | $ | 332,507,196 | |
Shares Issued for Reinvested Dividends | | | 2,167,389 | | | | 53,242,132 | | | | 3,988,160 | | | | 88,918,028 | |
Shares Redeemed | | | (18,862,040 | ) | | | (444,869,560 | ) | | | (9,237,704 | ) | | | (220,366,922 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 27,851,450 | | | | 642,795,353 | | | | 8,640,433 | | | | 201,058,302 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Dividend and Growth Fund – (continued) | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 319,957 | | | $ | 7,867,244 | | | | 328,462 | | | $ | 8,057,448 | |
Shares Issued for Reinvested Dividends | | | 98,410 | | | | 2,513,108 | | | | 314,415 | | | | 7,102,460 | |
Shares Redeemed | | | (713,282 | ) | | | (17,768,056 | ) | | | (931,518 | ) | | | (22,971,895 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (294,915 | ) | | | (7,387,704 | ) | | | (288,641 | ) | | | (7,811,987 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 646,555 | | | $ | 15,896,512 | | | | 1,040,819 | | | $ | 25,469,227 | |
Shares Issued for Reinvested Dividends | | | 137,823 | | | | 3,531,150 | | | | 460,939 | | | | 10,513,161 | |
Shares Redeemed | | | (1,673,250 | ) | | | (42,325,963 | ) | | | (2,335,283 | ) | | | (58,396,232 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (888,872 | ) | | | (22,898,301 | ) | | | (833,525 | ) | | | (22,413,844 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,555,808 | | | $ | 63,782,124 | | | | 3,271,224 | | | $ | 81,329,519 | |
Shares Issued for Reinvested Dividends | | | 142,472 | | | | 3,650,977 | | | | 245,192 | | | | 5,650,369 | |
Shares Redeemed | | | (2,841,394 | ) | | | (70,963,602 | ) | | | (1,841,585 | ) | | | (46,178,130 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (143,114 | ) | | | (3,530,501 | ) | | | 1,674,831 | | | | 40,801,758 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,880,872 | | | $ | 113,525,683 | | | | 2,225,050 | | | $ | 55,216,561 | |
Shares Issued for Reinvested Dividends | | | 237,877 | | | | 5,996,137 | | | | 391,648 | | | | 9,024,849 | |
Shares Redeemed | | | (1,733,037 | ) | | | (42,798,399 | ) | | | (993,067 | ) | | | (24,710,883 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,385,712 | | | | 76,723,421 | | | | 1,623,631 | | | | 39,530,527 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,848,904 | | | $ | 247,712,473 | | | | 5,457,856 | | | $ | 135,046,773 | |
Shares Issued for Reinvested Dividends | | | 1,131,629 | | | | 28,911,339 | | | | 2,777,641 | | | | 63,824,725 | |
Shares Redeemed | | | (7,635,109 | ) | | | (181,522,018 | ) | | | (5,583,324 | ) | | | (138,468,750 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,345,424 | | | | 95,101,794 | | | | 2,652,173 | | | | 60,402,748 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 27,526,744 | | | $ | 644,478,859 | | | | 16,093,030 | | | $ | 386,215,855 | |
Shares Issued for Reinvested Dividends | | | 5,376,050 | | | | 132,513,123 | | | | 12,928,718 | | | | 287,825,698 | |
Shares Redeemed | | | (29,713,611 | ) | | | (707,975,552 | ) | | | (20,334,098 | ) | | | (490,952,552 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,189,183 | | | | 69,016,430 | | | | 8,687,650 | | | | 183,089,001 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 30,030,103 | | | $ | 699,665,031 | | | | 27,502,735 | | | $ | 590,893,038 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Equity Income Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,828,556 | | | $ | 136,913,278 | | | | 6,480,746 | | | $ | 121,285,443 | |
Shares Issued for Reinvested Dividends | | | 6,504,295 | | | | 121,363,438 | | | | 7,839,935 | | | | 137,242,745 | |
Shares Redeemed | | | (14,827,638 | ) | | | (260,683,783 | ) | | | (13,808,960 | ) | | | (258,119,451 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (494,787 | ) | | | (2,407,067 | ) | | | 511,721 | | | | 408,737 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 919,038 | | | $ | 16,271,303 | | | | 1,403,741 | | | $ | 25,634,319 | |
Shares Issued for Reinvested Dividends | | | 1,018,170 | | | | 19,066,339 | | | | 1,490,092 | | | | 25,756,245 | |
Shares Redeemed | | | (5,650,866 | ) | | | (99,286,782 | ) | | | (5,337,720 | ) | | | (99,926,506 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,713,658 | ) | | | (63,949,140 | ) | | | (2,443,887 | ) | | | (48,535,942 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 24,304,724 | | | $ | 412,538,522 | | | | 12,788,727 | | | $ | 238,778,998 | |
Shares Issued for Reinvested Dividends | | | 3,968,707 | | | | 73,365,491 | | | | 5,610,079 | | | | 97,562,348 | |
Shares Redeemed | | | (20,447,146 | ) | | | (354,091,319 | ) | | | (30,170,664 | ) | | | (559,232,499 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 7,826,285 | | | | 131,812,694 | | | | (11,771,858 | ) | | | (222,891,153 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 271,229 | | | $ | 4,760,437 | | | | 201,583 | | | $ | 3,801,906 | |
Shares Issued for Reinvested Dividends | | | 167,445 | | | | 3,145,148 | | | | 229,662 | | | | 4,011,859 | |
Shares Redeemed | | | (802,663 | ) | | | (14,461,635 | ) | | | (671,796 | ) | | | (12,589,934 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (363,989 | ) | | | (6,556,050 | ) | | | (240,551 | ) | | | (4,776,169 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 608,869 | | | $ | 10,607,139 | | | | 517,003 | | | $ | 9,693,018 | |
Shares Issued for Reinvested Dividends | | | 165,375 | | | | 3,099,772 | | | | 271,292 | | | | 4,754,392 | |
Shares Redeemed | | | (1,115,129 | ) | | | (20,177,582 | ) | | | (1,721,384 | ) | | | (32,616,945 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (340,885 | ) | | | (6,470,671 | ) | | | (933,089 | ) | | | (18,169,535 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Equity Income Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 802,326 | | | $ | 14,635,220 | | | | 1,131,152 | | | $ | 21,619,237 | |
Shares Issued for Reinvested Dividends | | | 278,873 | | | | 5,250,372 | | | | 360,589 | | | | 6,368,591 | |
Shares Redeemed | | | (1,956,200 | ) | | | (36,004,334 | ) | | | (1,508,603 | ) | | | (28,818,781 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (875,001 | ) | | | (16,118,742 | ) | | | (16,862 | ) | | | (830,953 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,617,179 | | | $ | 29,511,931 | | | | 1,148,910 | | | $ | 22,234,541 | |
Shares Issued for Reinvested Dividends | | | 215,494 | | | | 4,044,046 | | | | 193,154 | | | | 3,429,995 | |
Shares Redeemed | | | (1,293,116 | ) | | | (23,556,776 | ) | | | (544,409 | ) | | | (10,408,102 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 539,557 | | | | 9,999,201 | | | | 797,655 | | | | 15,256,434 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,226,330 | | | $ | 40,140,301 | | | | 2,508,088 | | | $ | 47,678,296 | |
Shares Issued for Reinvested Dividends | | | 392,940 | | | | 7,398,398 | | | | 658,477 | | | | 11,609,476 | |
Shares Redeemed | | | (3,219,621 | ) | | | (56,256,214 | ) | | | (5,123,450 | ) | | | (95,079,692 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (600,351 | ) | | | (8,717,515 | ) | | | (1,956,885 | ) | | | (35,791,920 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 11,762,717 | | | $ | 205,404,640 | | | | 10,316,801 | | | $ | 193,403,821 | |
Shares Issued for Reinvested Dividends | | | 4,181,434 | | | | 77,191,341 | | | | 4,372,836 | | | | 76,382,908 | |
Shares Redeemed | | | (11,310,899 | ) | | | (199,892,407 | ) | | | (8,455,981 | ) | | | (159,836,569 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,633,252 | | | | 82,703,574 | | | | 6,233,656 | | | | 109,950,160 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 6,610,423 | | | $ | 120,296,284 | | | | (9,820,100 | ) | | $ | (205,380,341 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Growth Opportunities Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,812,021 | | | $ | 259,824,535 | | | | 5,563,708 | | | $ | 213,086,115 | |
Shares Issued for Reinvested Dividends | | | 3,358,472 | | | | 128,192,872 | | | | 13,501,045 | | | | 442,159,235 | |
Shares Redeemed | | | (8,349,301 | ) | | | (364,377,295 | ) | | | (9,974,318 | ) | | | (382,016,437 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 821,192 | | | | 23,640,112 | | | | 9,090,435 | | | | 273,228,913 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,155,278 | | | $ | 46,083,147 | | | | 3,170,815 | | | $ | 62,375,652 | |
Shares Issued for Reinvested Dividends | | | 1,561,881 | | | | 29,066,389 | | | | 5,635,659 | | | | 96,538,837 | |
Shares Redeemed | | | (5,277,715 | ) | | | (112,869,127 | ) | | | (6,028,908 | ) | | | (121,531,114 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,560,556 | ) | | | (37,719,591 | ) | | | 2,777,566 | | | | 37,383,375 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,087,671 | | | $ | 380,046,455 | | | | 11,781,273 | | | $ | 478,068,139 | |
Shares Issued for Reinvested Dividends | | | 1,712,981 | | | | 69,821,119 | | | | 8,365,419 | | | | 290,614,670 | |
Shares Redeemed | | | (16,144,778 | ) | | | (718,420,627 | ) | | | (19,254,836 | ) | | | (785,597,820 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (6,344,126 | ) | | | (268,553,053 | ) | | | 891,856 | | | | (16,915,011 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 183,888 | | | $ | 8,139,758 | | | | 218,666 | | | $ | 8,369,169 | |
Shares Issued for Reinvested Dividends | | | 70,480 | | | | 2,685,999 | | | | 309,474 | | | | 10,153,854 | |
Shares Redeemed | | | (510,198 | ) | | | (22,155,084 | ) | | | (429,915 | ) | | | (16,932,192 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (255,830 | ) | | | (11,329,327 | ) | | | 98,225 | | | | 1,590,831 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 248,241 | | | $ | 12,098,571 | | | | 250,422 | | | $ | 10,352,870 | |
Shares Issued for Reinvested Dividends | | | 84,663 | | | | 3,477,115 | | | | 446,887 | | | | 15,681,250 | |
Shares Redeemed | | | (714,482 | ) | | | (33,779,284 | ) | | | (746,989 | ) | | | (31,374,403 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (381,578 | ) | | | (18,203,598 | ) | | | (49,680 | ) | | | (5,340,283 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 145,107 | | | $ | 7,246,281 | | | | 186,925 | | | $ | 8,171,987 | |
Shares Issued for Reinvested Dividends | | | 30,971 | | | | 1,353,114 | | | | 109,194 | | | | 4,050,013 | |
Shares Redeemed | | | (373,606 | ) | | | (18,780,243 | ) | | | (119,452 | ) | | | (5,325,984 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (197,528 | ) | | | (10,180,848 | ) | | | 176,667 | | | | 6,896,016 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 306,651 | | | $ | 16,060,946 | | | | 357,710 | | | $ | 15,726,095 | |
Shares Issued for Reinvested Dividends | | | 28,918 | | | | 1,288,564 | | | | 64,798 | | | | 2,446,116 | |
Shares Redeemed | | | (200,896 | ) | | | (10,416,531 | ) | | | (159,208 | ) | | | (7,327,990 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 134,673 | | | | 6,932,979 | | | | 263,300 | | | | 10,844,221 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Growth Opportunities Fund – (continued) | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,986,167 | | | $ | 311,128,698 | | | | 1,911,323 | | | $ | 84,186,840 | |
Shares Issued for Reinvested Dividends | | | 199,027 | | | | 8,864,641 | | | | 650,084 | | | | 24,540,654 | |
Shares Redeemed | | | (2,009,071 | ) | | | (111,330,500 | ) | | | (1,452,543 | ) | | | (67,133,531 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,176,123 | | | | 208,662,839 | | | | 1,108,864 | | | | 41,593,963 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,945,706 | | | $ | 196,024,123 | | | | 3,874,932 | | | $ | 160,316,539 | |
Shares Issued for Reinvested Dividends | | | 769,915 | | | | 31,497,242 | | | | 2,537,024 | | | | 88,339,164 | |
Shares Redeemed | | | (3,691,002 | ) | | | (177,948,400 | ) | | | (2,258,227 | ) | | | (94,166,031 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,024,619 | | | | 49,572,965 | | | | 4,153,729 | | | | 154,489,672 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (3,583,011 | ) | | $ | (57,177,522 | ) | | | 18,510,962 | | | $ | 503,771,697 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Healthcare Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,358,922 | | | $ | 51,528,734 | | | | 1,270,592 | | | $ | 42,474,857 | |
Shares Issued for Reinvested Dividends | | | 1,142,449 | | | | 42,179,219 | | | | 1,531,546 | | | | 47,003,147 | |
Shares Redeemed | | | (2,954,883 | ) | | | (111,468,464 | ) | | | (3,947,053 | ) | | | (131,520,198 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (453,512 | ) | | | (17,760,511 | ) | | | (1,144,915 | ) | | | (42,042,194 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 416,479 | | | $ | 12,224,079 | | | | 386,423 | | | $ | 10,098,608 | |
Shares Issued for Reinvested Dividends | | | 382,047 | | | | 10,983,839 | | | | 549,060 | | | | 13,440,993 | |
Shares Redeemed | | | (1,283,408 | ) | | | (37,962,383 | ) | | | (1,751,911 | ) | | | (46,660,248 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (484,882 | ) | | | (14,754,465 | ) | | | (816,428 | ) | | | (23,120,647 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,595,432 | | | $ | 104,468,275 | | | | 1,860,549 | | | $ | 65,494,008 | |
Shares Issued for Reinvested Dividends | | | 416,322 | | | | 16,319,822 | | | | 716,965 | | | | 23,208,155 | |
Shares Redeemed | | | (2,244,715 | ) | | | (89,839,287 | ) | | | (5,201,462 | ) | | | (180,879,649 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 767,039 | | | | 30,948,810 | | | | (2,623,948 | ) | | | (92,177,486 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 197,480 | | | $ | 7,654,724 | | | | 140,316 | | | $ | 4,727,398 | |
Shares Issued for Reinvested Dividends | | | 55,830 | | | | 2,117,618 | | | | 82,110 | | | | 2,592,207 | |
Shares Redeemed | | | (439,877 | ) | | | (17,102,681 | ) | | | (381,548 | ) | | | (13,280,244 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (186,567 | ) | | | (7,330,339 | ) | | | (159,122 | ) | | | (5,960,639 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 200,061 | | | $ | 8,245,646 | | | | 153,972 | | | $ | 5,595,659 | |
Shares Issued for Reinvested Dividends | | | 36,845 | | | | 1,484,498 | | | | 61,171 | | | | 2,038,224 | |
Shares Redeemed | | | (365,083 | ) | | | (15,109,587 | ) | | | (397,220 | ) | | | (14,387,290 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (128,177 | ) | | | (5,379,443 | ) | | | (182,077 | ) | | | (6,753,407 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 209,035 | | | $ | 9,163,668 | | | | 98,097 | | | $ | 3,776,425 | |
Shares Issued for Reinvested Dividends | | | 8,515 | | | | 362,223 | | | | 12,444 | | | | 435,292 | |
Shares Redeemed | | | (137,584 | ) | | | (5,877,478 | ) | | | (158,841 | ) | | | (6,002,309 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 79,966 | | | | 3,648,413 | | | | (48,300 | ) | | | (1,790,592 | ) |
| | | | | | | | | | | | | | | | |
Class R6(1) | | | | | | | | | | | | | | | | |
Shares Sold | | | 54,266 | | | $ | 2,377,216 | | | | 33,146 | | | $ | 1,302,429 | |
Shares Issued for Reinvested Dividends | | | 3,211 | | | | 138,636 | | | | — | | | | — | |
Shares Redeemed | | | (9,001 | ) | | | (390,531 | ) | | | (660 | ) | | | (26,300 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 48,476 | | | | 2,125,321 | | | | 32,486 | | | | 1,276,129 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 542,348 | | | $ | 23,900,470 | | | | 669,883 | | | $ | 26,123,541 | |
Shares Issued for Reinvested Dividends | | | 96,305 | | | | 4,156,525 | | | | 94,877 | | | | 3,362,455 | |
Shares Redeemed | | | (367,262 | ) | | | (16,122,522 | ) | | | (354,102 | ) | | | (13,626,705 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 271,391 | | | | 11,934,473 | | | | 410,658 | | | | 15,859,291 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 135,930 | | | $ | 5,893,269 | | | | 72,466 | | | $ | 2,542,615 | |
Shares Issued for Reinvested Dividends | | | 45,179 | | | | 1,776,419 | | | | 158,658 | | | | 5,145,276 | |
Shares Redeemed | | | (154,961 | ) | | | (6,147,780 | ) | | | (1,561,880 | ) | | | (51,838,121 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 26,148 | | | | 1,521,908 | | | | (1,330,756 | ) | | | (44,150,230 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (60,118 | ) | | $ | 4,954,167 | | | | (5,862,402 | ) | | $ | (198,859,775 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| MidCap Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,479,560 | | | $ | 213,627,977 | | | | 10,562,439 | | | $ | 302,872,439 | |
Shares Issued for Reinvested Dividends | | | 4,994,716 | | | | 148,592,803 | | | | 11,616,898 | | | | 286,472,704 | |
Shares Redeemed | | | (16,503,575 | ) | | | (468,979,095 | ) | | | (15,519,945 | ) | | | (445,949,253 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (4,029,299 | ) | | | (106,758,315 | ) | | | 6,659,392 | | | | 143,395,890 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,573,527 | | | $ | 30,282,962 | | | | 3,619,415 | | | $ | 71,020,807 | |
Shares Issued for Reinvested Dividends | | | 1,866,822 | | | | 37,149,763 | | | | 5,087,766 | | | | 86,695,527 | |
Shares Redeemed | | | (8,672,532 | ) | | | (165,685,884 | ) | | | (11,310,026 | ) | | | (222,847,023 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (5,232,183 | ) | | | (98,253,159 | ) | | | (2,602,845 | ) | | | (65,130,689 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 46,979,290 | | | $ | 1,323,608,186 | | | | 42,632,618 | | | $ | 1,267,074,961 | |
Shares Issued for Reinvested Dividends | | | 6,833,413 | | | | 211,084,130 | | | | 15,195,028 | | | | 387,321,276 | |
Shares Redeemed | | | (65,064,509 | ) | | | (1,964,863,323 | ) | | | (43,805,361 | ) | | | (1,290,404,699 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (11,251,806 | ) | | | (430,171,007 | ) | | | 14,022,285 | | | | 363,991,538 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 732,243 | | | $ | 22,709,563 | | | | 556,017 | | | $ | 17,863,858 | |
Shares Issued for Reinvested Dividends | | | 135,870 | | | | 4,553,016 | | | | 380,030 | | | | 10,526,822 | |
Shares Redeemed | | | (1,028,675 | ) | | | (33,458,482 | ) | | | (1,180,346 | ) | | | (38,151,880 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (160,562 | ) | | | (6,195,903 | ) | | | (244,299 | ) | | | (9,761,200 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,188,661 | | | $ | 39,805,895 | | | | 2,008,473 | | | $ | 67,464,654 | |
Shares Issued for Reinvested Dividends | | | 324,499 | | | | 11,409,397 | | | | 881,164 | | | | 25,483,275 | |
Shares Redeemed | | | (3,333,796 | ) | | | (113,157,709 | ) | | | (3,755,272 | ) | | | (128,083,303 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,820,636 | ) | | | (61,942,417 | ) | | | (865,635 | ) | | | (35,135,374 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,214,020 | | | $ | 77,371,989 | | | | 5,884,056 | | | $ | 201,889,123 | |
Shares Issued for Reinvested Dividends | | | 534,352 | | | | 19,461,090 | | | | 1,361,847 | | | | 40,610,288 | |
Shares Redeemed | | | (6,388,662 | ) | | | (229,431,554 | ) | | | (6,880,878 | ) | | | (238,241,924 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,640,290 | ) | | | (132,598,475 | ) | | | 365,025 | | | | 4,257,487 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 13,129,081 | | | $ | 470,477,844 | | | | 23,570,871 | | | $ | 824,805,540 | |
Shares Issued for Reinvested Dividends | | | 1,978,533 | | | | 72,988,070 | | | | 3,466,868 | | | | 104,560,740 | |
Shares Redeemed | | | (15,444,055 | ) | | | (551,163,077 | ) | | | (8,765,259 | ) | | | (311,279,864 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (336,441 | ) | | | (7,697,163 | ) | | | 18,272,480 | | | | 618,086,416 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,081,483 | | | $ | 279,248,651 | | | | 13,498,176 | | | $ | 461,820,073 | |
Shares Issued for Reinvested Dividends | | | 1,713,171 | | | | 63,096,079 | | | | 4,622,179 | | | | 139,266,264 | |
Shares Redeemed | | | (21,978,523 | ) | | | (783,693,402 | ) | | | (29,761,816 | ) | | | (1,038,153,416 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (12,183,869 | ) | | | (441,348,672 | ) | | | (11,641,461 | ) | | | (437,067,079 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 20,067,998 | | | $ | 592,511,897 | | | | 23,838,251 | | | $ | 717,246,012 | |
Shares Issued for Reinvested Dividends | | | 3,417,284 | | | | 105,901,640 | | | | 6,900,254 | | | | 176,232,472 | |
Shares Redeemed | | | (19,463,971 | ) | | | (580,117,317 | ) | | | (12,295,039 | ) | | | (370,932,155 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,021,311 | | | | 118,296,220 | | | | 18,443,466 | | | | 522,546,329 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (34,633,775 | ) | | $ | (1,166,668,891 | ) | | | 42,408,408 | | | $ | 1,105,183,318 | |
| | | | | | | | | | | | | | | | |
| | | | |
| MidCap Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,480,138 | | | $ | 30,751,925 | | | | 3,015,194 | | | $ | 39,850,799 | |
Shares Issued for Reinvested Dividends | | | 633,942 | | | | 9,248,149 | | | | 2,634,934 | | | | 31,694,686 | |
Shares Redeemed | | | (4,519,018 | ) | | | (55,158,666 | ) | | | (3,749,358 | ) | | | (50,258,979 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,404,938 | ) | | | (15,158,592 | ) | | | 1,900,770 | | | | 21,286,506 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 121,039 | | | $ | 1,113,875 | | | | 219,028 | | | $ | 2,302,437 | |
Shares Issued for Reinvested Dividends | | | 40,108 | | | | 460,945 | | | | 240,187 | | | | 2,313,001 | |
Shares Redeemed | | | (556,664 | ) | | | (5,538,552 | ) | | | (572,160 | ) | | | (6,156,895 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (395,517 | ) | | | (3,963,732 | ) | | | (112,945 | ) | | | (1,541,457 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| MidCap Value Fund – (continued) | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 520,034 | | | $ | 6,756,443 | | | | 414,930 | | | $ | 5,677,380 | |
Shares Issued for Reinvested Dividends | | | 66,544 | | | | 983,484 | | | | 300,075 | | | | 3,648,250 | |
Shares Redeemed | | | (1,126,169 | ) | | | (13,885,918 | ) | | | (939,685 | ) | | | (12,651,962 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (539,591 | ) | | | (6,145,991 | ) | | | (224,680 | ) | | | (3,326,332 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 83,482 | | | $ | 1,027,547 | | | | 77,867 | | | $ | 1,086,097 | |
Shares Issued for Reinvested Dividends | | | 12,474 | | | | 191,545 | | | | 72,689 | | | | 922,418 | |
Shares Redeemed | | | (211,872 | ) | | | (2,849,232 | ) | | | (250,237 | ) | | | (3,619,666 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (115,916 | ) | | | (1,630,140 | ) | | | (99,681 | ) | | | (1,611,151 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 112,090 | | | $ | 1,454,297 | | | | 125,020 | | | $ | 1,801,520 | |
Shares Issued for Reinvested Dividends | | | 19,234 | | | | 303,476 | | | | 82,313 | | | | 1,068,388 | |
Shares Redeemed | | | (222,635 | ) | | | (3,007,462 | ) | | | (194,448 | ) | | | (2,814,110 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (91,311 | ) | | | (1,249,689 | ) | | | 12,885 | | | | 55,798 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,680 | | | $ | 139,991 | | | | 68,987 | | | $ | 961,987 | |
Shares Issued for Reinvested Dividends | | | 2,874 | | | | 46,111 | | | | 36,259 | | | | 477,765 | |
Shares Redeemed | | | (7,314 | ) | | | (94,084 | ) | | | (517,692 | ) | | | (7,282,905 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,240 | | | | 92,018 | | | | (412,446 | ) | | | (5,843,153 | ) |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 126,076 | | | $ | 1,744,448 | | | | 291,417 | | | $ | 4,364,547 | |
Shares Issued for Reinvested Dividends | | | 24,096 | | | | 388,031 | | | | 90,660 | | | | 1,198,031 | |
Shares Redeemed | | | (202,609 | ) | | | (2,806,695 | ) | | | (306,083 | ) | | | (4,432,547 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (52,437 | ) | | | (674,216 | ) | | | 75,994 | | | | 1,130,031 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,138,328 | | | $ | 100,149,062 | | | | 6,169,822 | | | $ | 84,036,654 | |
Shares Issued for Reinvested Dividends | | | 724,542 | | | | 10,710,609 | | | | 2,440,229 | | | | 29,675,324 | |
Shares Redeemed | | | (6,157,364 | ) | | | (78,365,435 | ) | | | (4,278,093 | ) | | | (58,547,425 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,705,506 | | | | 32,494,236 | | | | 4,331,958 | | | | 55,164,553 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 111,036 | | | $ | 3,763,894 | | | | 5,471,855 | | | $ | 65,314,795 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Quality Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 439,196 | | | $ | 8,293,523 | | | | 515,463 | | | $ | 10,074,937 | |
Shares Issued for Reinvested Dividends | | | 399,950 | | | | 8,456,495 | | | | 572,123 | | | | 10,176,420 | |
Shares Redeemed | | | (1,349,336 | ) | | | (25,330,604 | ) | | | (1,261,687 | ) | | | (24,792,514 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (510,190 | ) | | | (8,580,586 | ) | | | (174,101 | ) | | | (4,541,157 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 27,218 | | | $ | 445,180 | | | | 48,982 | | | $ | 803,712 | |
Shares Issued for Reinvested Dividends | | | 16,808 | | | | 302,140 | | | | 28,768 | | | | 438,130 | |
Shares Redeemed | | | (189,929 | ) | | | (3,063,775 | ) | | | (229,704 | ) | | | (3,910,337 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (145,903 | ) | | | (2,316,455 | ) | | | (151,954 | ) | | | (2,668,495 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 116,192 | | | $ | 2,216,237 | | | | 118,116 | | | $ | 2,316,278 | |
Shares Issued for Reinvested Dividends | | | 32,925 | | | | 686,590 | | | | 47,997 | | | | 841,546 | |
Shares Redeemed | | | (167,957 | ) | | | (3,198,931 | ) | | | (208,357 | ) | | | (4,046,731 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (18,840 | ) | | | (296,104 | ) | | | (42,244 | ) | | | (888,907 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,088 | | | $ | 93,854 | | | | 17,295 | | | $ | 356,081 | |
Shares Issued for Reinvested Dividends | | | 2,697 | | | | 57,990 | | | | 3,279 | | | | 59,308 | |
Shares Redeemed | | | (20,388 | ) | | | (402,055 | ) | | | (15,768 | ) | | | (322,706 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (12,603 | ) | | | (250,211 | ) | | | 4,806 | | | | 92,683 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 42,840 | | | $ | 822,386 | | | | 27,215 | | | $ | 549,127 | |
Shares Issued for Reinvested Dividends | | | 13,979 | | | | 303,759 | | | | 19,976 | | | | 364,460 | |
Shares Redeemed | | | (131,128 | ) | | | (2,658,103 | ) | | | (63,260 | ) | | | (1,291,227 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (74,309 | ) | | | (1,531,958 | ) | | | (16,069 | ) | | | (377,640 | ) |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Quality Value Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 510 | | | $ | 10,672 | | | | 1,251 | | | $ | 24,050 | |
Shares Issued for Reinvested Dividends | | | 566 | | | | 12,405 | | | | 1,768 | | | | 32,495 | |
Shares Redeemed | | | (173 | ) | | | (3,456 | ) | | | (16,898 | ) | | | (357,155 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 903 | | | | 19,621 | | | | (13,879 | ) | | | (300,610 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 25,758 | | | $ | 484,275 | | | | 1,060 | | | $ | 21,715 | |
Shares Issued for Reinvested Dividends | | | 83 | | | | 1,828 | | | | 35 | | | | 650 | |
Shares Redeemed | | | (2,382 | ) | | | (47,033 | ) | | | (6 | ) | | | (133 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 23,459 | | | | 439,070 | | | | 1,089 | | | | 22,232 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,651 | | | $ | 158,274 | | | | 27,388 | | | $ | 566,227 | |
Shares Issued for Reinvested Dividends | | | 1,541 | | | | 33,830 | | | | 2,143 | | | | 39,465 | |
Shares Redeemed | | | (17,842 | ) | | | (304,447 | ) | | | (30,147 | ) | | | (614,974 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (8,650 | ) | | | (112,343 | ) | | | (616 | ) | | | (9,282 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 110,798 | | | $ | 1,978,094 | | | | 106,180 | | | $ | 2,050,010 | |
Shares Issued for Reinvested Dividends | | | 31,266 | | | | 650,547 | | | | 350,111 | | | | 6,128,466 | |
Shares Redeemed | | | (181,962 | ) | | | (3,365,916 | ) | | | (4,395,222 | ) | | | (84,991,695 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (39,898 | ) | | | (737,275 | ) | | | (3,938,931 | ) | | | (76,813,219 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (786,031 | ) | | $ | (13,366,241 | ) | | | (4,331,899 | ) | | $ | (85,484,395 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| Small Cap Growth Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 129,404 | | | $ | 5,969,147 | | | | 143,713 | | | $ | 6,367,732 | |
Shares Issued for Reinvested Dividends | | | 64,625 | | | | 3,116,821 | | | | 1,137,942 | | | | 42,820,742 | |
Shares Redeemed | | | (602,309 | ) | | | (27,705,360 | ) | | | (691,468 | ) | | | (30,501,386 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (408,280 | ) | | | (18,619,392 | ) | | | 590,187 | | | | 18,687,088 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,911 | | | $ | 150,801 | | | | 33,213 | | | $ | 900,484 | |
Shares Issued for Reinvested Dividends | | | 10,908 | | | | 352,646 | | | | 236,201 | | | | 6,042,022 | |
Shares Redeemed | | | (164,584 | ) | | | (5,078,582 | ) | | | (315,783 | ) | | | (9,391,318 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (148,765 | ) | | | (4,575,135 | ) | | | (46,369 | ) | | | (2,448,812 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,191,528 | | | $ | 51,688,394 | | | | 2,177,043 | | | $ | 98,419,282 | |
Shares Issued for Reinvested Dividends | | | 57,456 | | | | 2,916,489 | | | | 1,099,491 | | | | 43,341,934 | |
Shares Redeemed | | | (3,414,260 | ) | | | (171,804,734 | ) | | | (3,548,369 | ) | | | (163,047,531 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,165,276 | ) | | | (117,199,851 | ) | | | (271,835 | ) | | | (21,286,315 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 41,973 | | | $ | 1,789,694 | | | | 69,866 | | | $ | 2,907,966 | |
Shares Issued for Reinvested Dividends | | | 3,087 | | | | 146,681 | | | | 60,131 | | | | 2,234,481 | |
Shares Redeemed | | | (119,534 | ) | | | (5,504,341 | ) | | | (148,734 | ) | | | (6,537,096 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (74,474 | ) | | | (3,567,966 | ) | | | (18,737 | ) | | | (1,394,649 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 138,690 | | | $ | 6,582,259 | | | | 285,710 | | | $ | 12,583,104 | |
Shares Issued for Reinvested Dividends | | | 12,210 | | | | 614,885 | | | | 297,846 | | | | 11,687,478 | |
Shares Redeemed | | | (456,656 | ) | | | (20,953,685 | ) | | | (909,172 | ) | | | (41,585,558 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (305,756 | ) | | | (13,756,541 | ) | | | (325,616 | ) | | | (17,314,976 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 720,572 | | | $ | 37,862,183 | | | | 484,882 | | | $ | 22,426,482 | |
Shares Issued for Reinvested Dividends | | | 21,655 | | | | 1,157,694 | | | | 397,887 | | | | 16,508,317 | |
Shares Redeemed | | | (1,119,362 | ) | | | (58,971,093 | ) | | | (844,219 | ) | | | (41,911,678 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (377,135 | ) | | | (19,951,216 | ) | | | 38,550 | | | | (2,976,879 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,797,542 | | | $ | 98,016,701 | | | | 827,350 | | | $ | 38,567,669 | |
Shares Issued for Reinvested Dividends | | | 17,777 | | | | 965,664 | | | | 205,988 | | | | 8,674,158 | |
Shares Redeemed | | | (1,722,133 | ) | | | (85,535,221 | ) | | | (479,346 | ) | | | (23,694,911 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 93,186 | | | | 13,447,144 | | | | 553,992 | | | | 23,546,916 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Small Cap Growth Fund – (continued) | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,010,537 | | | $ | 51,567,246 | | | | 3,471,469 | | | $ | 173,976,901 | |
Shares Issued for Reinvested Dividends | | | 92,203 | | | | 5,010,332 | | | | 1,656,136 | | | | 69,789,590 | |
Shares Redeemed | | | (3,823,424 | ) | | | (209,045,933 | ) | | | (3,955,235 | ) | | | (186,437,170 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,720,684 | ) | | | (152,468,355 | ) | | | 1,172,370 | | | | 57,329,321 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 192,412 | | | $ | 7,897,145 | | | | 229,925 | | | $ | 10,549,148 | |
Shares Issued for Reinvested Dividends | | | 12,299 | | | | 626,749 | | | | 221,268 | | | | 8,748,931 | |
Shares Redeemed | | | (354,986 | ) | | | (17,110,113 | ) | | | (324,117 | ) | | | (15,214,484 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (150,275 | ) | | | (8,586,219 | ) | | | 127,076 | | | | 4,083,595 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (6,257,459 | ) | | $ | (325,277,531 | ) | | | 1,819,618 | | | $ | 58,225,289 | |
| | | | | | | | | | | | | | | | |
| Small Cap Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 431,215 | | | $ | 3,396,385 | | | | 535,811 | | | $ | 5,599,188 | |
Shares Issued for Reinvested Dividends | | | 292,505 | | | | 2,936,036 | | | | 1,345,441 | | | | 12,452,725 | |
Shares Redeemed | | | (1,289,036 | ) | | | (10,577,661 | ) | | | (1,175,436 | ) | | | (12,205,028 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (565,316 | ) | | | (4,245,240 | ) | | | 705,816 | | | | 5,846,885 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 31,607 | | | $ | 222,855 | | | | 27,521 | | | $ | 250,111 | |
Shares Issued for Reinvested Dividends | | | 26,761 | | | | 229,881 | | | | 201,614 | | | | 1,622,991 | |
Shares Redeemed | | | (189,586 | ) | | | (1,389,193 | ) | | | (336,158 | ) | | | (3,016,977 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (131,218 | ) | | | (936,457 | ) | | | (107,023 | ) | | | (1,143,875 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 295,467 | | | $ | 2,831,571 | | | | 290,021 | | | $ | 3,176,128 | |
Shares Issued for Reinvested Dividends | | | 41,551 | | | | 418,405 | | | | 101,935 | | | | 945,995 | |
Shares Redeemed | | | (405,903 | ) | | | (3,187,749 | ) | | | (246,872 | ) | | | (2,384,735 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (68,885 | ) | | | 62,227 | | | | 145,084 | | | | 1,737,388 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,891 | | | $ | 82,868 | | | | 12,137 | | | $ | 130,291 | |
Shares Issued for Reinvested Dividends | | | 3,512 | | | | 36,622 | | | | 12,847 | | | | 123,296 | |
Shares Redeemed | | | (17,164 | ) | | | (139,499 | ) | | | (5,951 | ) | | | (64,581 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,761 | ) | | | (20,009 | ) | | | 19,033 | | | | 189,006 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,313 | | | $ | 11,330 | | | | 2,596 | | | $ | 26,803 | |
Shares Issued for Reinvested Dividends | | | 226 | | | | 2,398 | | | | 493 | | | | 4,797 | |
Shares Redeemed | | | (4,441 | ) | | | (42,520 | ) | | | (92 | ) | | | (993 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,902 | ) | | | (28,792 | ) | �� | | 2,997 | | | | 30,607 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,479 | | | $ | 10,000 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 69 | | | | 730 | | | | 888 | | | | 8,638 | |
Shares Redeemed | | | (1,479 | ) | | | (11,716 | ) | | | (2,386 | ) | | | (24,304 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 69 | | | | (986 | ) | | | (1,498 | ) | | | (15,666 | ) |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,071 | | | $ | 163,710 | | | | 8,510 | | | $ | 91,476 | |
Shares Issued for Reinvested Dividends | | | 665 | | | | 7,036 | | | | 253 | | | | 2,456 | |
Shares Redeemed | | | (741 | ) | | | (7,349 | ) | | | (11 | ) | | | (110 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 17,995 | | | | 163,397 | | | | 8,752 | | | | 93,822 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 842 | | | $ | 7,711 | | | | 27,569 | | | $ | 298,131 | |
Shares Issued for Reinvested Dividends | | | 2,671 | | | | 28,235 | | | | 11,902 | | | | 115,661 | |
Shares Redeemed | | | (27,529 | ) | | | (261,033 | ) | | | (32,472 | ) | | | (375,274 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (24,016 | ) | | | (225,087 | ) | | | 6,999 | | | | 38,518 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 906,600 | | | $ | 7,468,195 | | | | 1,466,457 | | | $ | 14,533,039 | |
Shares Issued for Reinvested Dividends | | | 329,545 | | | | 3,318,168 | | | | 1,036,113 | | | | 9,621,393 | |
Shares Redeemed | | | (1,038,699 | ) | | | (8,257,092 | ) | | | (619,373 | ) | | | (6,521,061 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 197,446 | | | | 2,529,271 | | | | 1,883,197 | | | | 17,633,371 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (580,588 | ) | | $ | (2,701,676 | ) | | | 2,663,357 | | | $ | 24,410,056 | |
| | | | | | | | | | | | | | | | |
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Small Company Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,886,865 | | | $ | 39,854,997 | | | | 1,819,229 | | | $ | 35,427,303 | |
Shares Issued for Reinvested Dividends | | | 956,824 | | | | 19,433,104 | | | | 3,082,592 | | | | 50,462,033 | |
Shares Redeemed | | | (2,885,202 | ) | | | (59,241,409 | ) | | | (2,373,495 | ) | | | (46,229,828 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (41,513 | ) | | | 46,692 | | | | 2,528,326 | | | | 39,659,508 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 116,822 | | | $ | 1,577,039 | | | | 124,624 | | | $ | 1,583,364 | |
Shares Issued for Reinvested Dividends | | | 70,385 | | | | 901,628 | | | | 252,369 | | | | 2,718,019 | |
Shares Redeemed | | | (366,573 | ) | | | (4,857,687 | ) | | | (358,239 | ) | | | (4,604,087 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (179,366 | ) | | | (2,379,020 | ) | | | 18,754 | | | | (302,704 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 296,143 | | | $ | 6,816,692 | | | | 217,227 | | | $ | 4,551,958 | |
Shares Issued for Reinvested Dividends | | | 75,333 | | | | 1,633,979 | | | | 279,521 | | | | 4,855,272 | |
Shares Redeemed | | | (304,758 | ) | | | (6,628,138 | ) | | | (478,368 | ) | | | (9,730,251 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 66,718 | | | | 1,822,533 | | | | 18,380 | | | | (323,021 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 89,211 | | | $ | 1,943,559 | | | | 134,256 | | | $ | 2,730,277 | |
Shares Issued for Reinvested Dividends | | | 35,475 | | | | 793,230 | | | | 146,146 | | | | 2,626,237 | |
Shares Redeemed | | | (258,886 | ) | | | (5,812,439 | ) | | | (330,361 | ) | | | (7,087,474 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (134,200 | ) | | | (3,075,650 | ) | | | (49,959 | ) | | | (1,730,960 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 118,455 | | | $ | 2,883,625 | | | | 147,445 | | | $ | 3,466,416 | |
Shares Issued for Reinvested Dividends | | | 31,292 | | | | 752,892 | | | | 125,461 | | | | 2,408,843 | |
Shares Redeemed | | | (304,693 | ) | | | (7,836,433 | ) | | | (280,883 | ) | | | (6,458,571 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (154,946 | ) | | | (4,199,916 | ) | | | (7,977 | ) | | | (583,312 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 44,314 | | | $ | 1,187,403 | | | | 62,555 | | | $ | 1,589,279 | |
Shares Issued for Reinvested Dividends | | | 6,152 | | | | 157,911 | | | | 19,819 | | | | 403,513 | |
Shares Redeemed | | | (56,252 | ) | | | (1,506,697 | ) | | | (55,755 | ) | | | (1,415,258 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (5,786 | ) | | | (161,383 | ) | | | 26,619 | | | | 577,534 | |
| | | | | | | | | | | | | | | | |
Class R6 | | | | | | | | | | | | | | | | |
Shares Sold | | | 43,328 | | | $ | 1,379,271 | | | | 2,145 | | | $ | 54,273 | |
Shares Issued for Reinvested Dividends | | | 220 | | | | 5,772 | | | | 1,032 | | | | 21,469 | |
Shares Redeemed | | | (5,289 | ) | | | (151,909 | ) | | | (553 | ) | | | (14,301 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 38,259 | | | | 1,233,134 | | | | 2,624 | | | | 61,441 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 236,078 | | | $ | 6,005,173 | | | | 165,468 | | | $ | 4,153,738 | |
Shares Issued for Reinvested Dividends | | | 58,965 | | | | 1,548,420 | | | | 252,900 | | | | 5,260,320 | |
Shares Redeemed | | | (943,050 | ) | | | (22,519,569 | ) | | | (475,656 | ) | | | (10,480,486 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (648,007 | ) | | | (14,965,976 | ) | | | (57,288 | ) | | | (1,066,428 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,838,858 | | | $ | 40,440,450 | | | | 4,045,700 | | | $ | 86,904,113 | |
Shares Issued for Reinvested Dividends | | | 518,887 | | | | 11,316,929 | | | | 1,153,443 | | | | 20,116,041 | |
Shares Redeemed | | | (2,396,511 | ) | | | (56,036,553 | ) | | | (1,258,713 | ) | | | (26,615,628 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (38,766 | ) | | | (4,279,174 | ) | | | 3,940,430 | | | | 80,404,526 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (1,097,607 | ) | | $ | (25,958,760 | ) | | | 6,419,909 | | | $ | 116,696,584 | |
| | | | | | | | | | | | | | | | |
| | (1) | Inception date was February 28, 2019. |
Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.
|
| Hartford Domestic Equity Funds |
Notes to Financial Statements – (continued)
October 31, 2020
Under each Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, each Company, on behalf of its respective Funds, may enter into contracts that contain a variety of indemnifications. Each Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, each Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
| 16. | Recent Accounting Pronouncement: |
In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.
ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.
| 17. | Change in Independent Registered Public Accounting Firm: |
On November 6, 2019, the Companies, on behalf of their respective Funds, dismissed Ernst & Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the issuance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal years October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal periods ended on October 31, 2018 and October 31, 2019 and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On November 6, 2019, the Audit Committee of each Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Funds for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by each Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).
In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.
|
| Report of Independent Registered Public Accounting Firm |
To the Board of Directors of
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. and Shareholders of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Quality Value Fund, The Hartford Small Cap Growth Fund, Hartford Small Cap Value Fund and The Hartford Small Company Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Small Cap Value Fund and The Hartford Small Company Fund (nine of the funds constituting The Hartford Mutual Funds, Inc.) and The Hartford Growth Opportunities Fund, Hartford Quality Value Fund and The Hartford Small Cap Growth Fund (three of the funds constituting The Hartford Mutual Funds II, Inc.) (hereafter collectively referred to as the “Funds”) as of October 31, 2020, the related statements of operations for the year ended October 31, 2020, the statements of changes in net assets for the year ended October 31, 2020, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
The financial statements of the Funds as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 29, 2020
We have served as the auditor of one or more Hartford Funds investment companies since 2020.
|
| Hartford Domestic Equity Funds |
Operation of the Liquidity Risk Management Program (Unaudited)
This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Boards of Directors (“Board”) of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.
The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.
At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:
| | • | | the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk); |
| | • | | an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation; |
| | • | | the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM; |
| | • | | whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and |
| | • | | any material changes to the LRM Program. |
In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.
Since the inception of the LRM Program, HFMC has not increased nor reduced the HLIM for any Fund.
Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.
|
| Hartford Domestic Equity Funds |
Directors and Officers of each Company (Unaudited)
Each of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each, a “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of each Company as of October 31, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION HELD WITH EACH COMPANY | | TERM OF OFFICE(2) AND LENGTH OF TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| NON-INTERESTED DIRECTORS* |
| | | | | |
HILARY E. ACKERMANN (1956) | | Director | | Since 2014 | | Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011. | | 73 | | Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present. |
| | | | | |
ROBIN C. BEERY (1967) | | Director | | Since 2017 | | Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014. | | 73 | | Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee. |
| | | | | |
LYNN S. BIRDSONG (1946) | | Director and Chair of the Board | | Director since 2003; Chair of the Board since 2019 | | From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. | | 73 | | None |
| | | | | |
CHRISTINE R. DETRICK (1958) | | Director | | Since 2016 | | Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012. | | 73 | | Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present). |
| | | | | |
DUANE E. HILL(4) (1945) | | Director | | Since 2001(5) Since 2002(6) | | Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies. | | 73 | | None |
| | | | | |
LEMMA W. SENBET (1946) | | Director | | Since 2005 | | Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018. | | 73 | | None |
|
| Hartford Domestic Equity Funds |
Directors and Officers of each Company (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION HELD WITH EACH COMPANY | | TERM OF OFFICE(2) AND LENGTH OF TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
DAVID SUNG (1953) | | Director | | Since 2017 | | Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014. | | 73 | | Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present). |
| OFFICERS AND INTERESTED DIRECTORS |
| | | | | |
JAMES E. DAVEY(7) (1964) | | Director, President and Chief Executive Officer | | President and Chief Executive Officer since 2010; Director since 2012 | | Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG. | | 73 | | None |
| | | | | |
ANDREW S. DECKER (1963) | | AML Compliance Officer | | Since 2015 | | Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015. | | N/A | | N/A |
| | | | | |
AMY N. FURLONG (1979) | | Vice President and Treasurer | | Since 2018 | | Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
WALTER F. GARGER (1965) | | Vice President and Chief Legal Officer | | Since 2016 | | Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995. | | N/A | | N/A |
| | | | | |
THEODORE J. LUCAS (1966) | | Vice President | | Since 2017 | | Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016). | | N/A | | N/A |
|
| Hartford Domestic Equity Funds |
Directors and Officers of each Company (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH
AND ADDRESS(1) | | POSITION HELD WITH EACH COMPANY | | TERM OF OFFICE(2) AND LENGTH OF TIME SERVED | | PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
JOSEPH G. MELCHER (1973) | | Vice President and Chief Compliance Officer | | Since 2013 | | Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019). | | N/A | | N/A |
| | | | | |
VERNON J. MEYER (1964) | | Vice President | | Since 2006 | | Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
ALICE A. PELLEGRINO (1960) | | Vice President and Assistant Secretary | | Since 2016 | | Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007. | | N/A | | N/A |
| | | | | |
THOMAS R. PHILLIPS (1960) | | Vice President and Secretary | | Since 2017 | | Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC. | | N/A | | N/A |
| * | Following their election by shareholders, the following persons become Directors effective November 2, 2020: |
Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present).
Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018).
Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present).
| (1) | The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087. |
| (2) | Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death. |
| (3) | The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund. |
| (4) | Effective December 31, 2020, Mr. Hill will retire from the Board of Directors. |
| (5) | For The Hartford Mutual Funds, Inc. |
| (6) | For The Hartford Mutual Funds II, Inc. |
| (7) | “Interested person,” as defined in the 1940 Act, of each Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies. |
|
| Hartford Domestic Equity Funds |
HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc.
The Hartford Capital Appreciation Fund
Hartford Core Equity Fund
The Hartford Dividend and Growth Fund
The Hartford Equity Income Fund
The Hartford Growth Opportunities Fund
The Hartford Healthcare Fund
The Hartford MidCap Fund
The Hartford MidCap Value Fund
Hartford Quality Value Fund
The Hartford Small Cap Growth Fund
Hartford Small Cap Value Fund
The Hartford Small Company Fund
(each, a “Fund” and collectively, the “Funds”)
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At their meeting held on August 4-5, 2020, the Boards of Directors (collectively, the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”) and The Hartford Mutual Funds II, Inc. (“HMF II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF, on behalf of each of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund and Hartford Small Cap Value Fund, and HMF II, on behalf of each of The Hartford Growth Opportunities Fund, Hartford Quality Value Fund and The Hartford Small Cap Growth Fund (the “Management Agreement”); (ii) the continuation of a separate investment management agreement by and between HFMC and HMF, on behalf of each of The Hartford Healthcare Fund and The Hartford Small Company Fund (the “2013 Investment Management Agreement” and together with the Management Agreement, the “Management Agreements”); and (iii) the continuation of investment sub-advisory agreements (each, a “Sub-Advisory Agreement” and collectively with the Management Agreements, the “Agreements”) between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) with respect to each Fund.
In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.
The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreements.
In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.
With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the Funds’ securities lending program and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.
With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Funds, subject to oversight by HFMC, the Board considered, among other things, the Sub-adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s). The Board also considered the Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds.
The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.
Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and the Sub-adviser.
Performance of each Fund and the Advisers
The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board also noted that, for The Hartford Capital Appreciation Fund, the Fund uses a multiple sleeve structure whereby each sleeve uses a different investment style and considered the performance attributions of the underlying managers. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.
In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.
Costs of the Services and Profitability of the Advisers
The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.
The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreements, including a description of the methodology used to allocate certain expenses. The Board noted that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound and consistent with common industry practice.
Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.
The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.
The Board also considered that HFMC provides nondiscretionary investment advisory services to a model portfolio that pursues an investment objective and an investment strategy similar to those of the Hartford Core Equity Fund. The Board also received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-adviser about any differences between the Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.
Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters considered, were reasonable in light of the services provided.
Economies of Scale
The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders. The Board also noted that, for each of the Hartford Quality Value Fund and the Hartford Small Cap Value Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.
The Board reviewed and evaluated materials from Broadridge and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Broadridge, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.
Other Benefits
The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.
The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF and HMF II, on behalf of their respective Funds, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.
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| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.
The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research.
Fund-by-Fund Factors
For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.
The Hartford Capital Appreciation Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1- and 5-year periods and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 4th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021. |
Hartford Core Equity Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.08% through February 28, 2021. |
The Hartford Dividend and Growth Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021. |
The Hartford Equity Income Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the third quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021. |
The Hartford Growth Opportunities Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021. |
The Hartford Healthcare Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period, the 3rd quintile for the 3-year period, and the 1st quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods. |
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
| • | | The Board noted that the Fund’s contractual management fee was in the 4th quintile of its expense group, while its actual management fee was in the 5th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.05% through February 28, 2021. |
The Hartford MidCap Fund
| • | | The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class I and Y shares of the Fund have contractual transfer agency expense caps of 0.12% and 0.04%, respectively, through February 28, 2021. |
The Hartford MidCap Value Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-year period, the 2nd quintile for the 3-year period, and the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and below its benchmark for the 5-year period. |
| • | | The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.07% through February 28, 2021. |
Hartford Quality Value Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line its benchmark for the 5-year period. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 0.96% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses. |
The Hartford Small Cap Growth Fund
| • | | The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 3-year periods and the 5th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee was in the 2nd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021. |
Hartford Small Cap Value Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period, the 2nd quintile for the 3-year period, and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.30% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses. |
The Hartford Small Company Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.40% through February 28, 2021, and that HFMC had reimbursed the Fund for certain expenses. |
* * * *
|
| Hartford Domestic Equity Funds |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.
|
| Hartford Domestic Equity Funds |
Supplemental Proxy Information (Unaudited)
A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:
The results of the shareholders’ election of Directors were as follows:
| | | | | | | | | | | | |
The Hartford Mutual Funds, Inc. Shares Outstanding (as of Record Date): 4,786,852,771.602 Total Shares Voted: 3,984,902,623.370 Percentage of Shares Voted: 83.246% | |
Director | | Vote | | Total Shares Voted | | Percentage of
Shares Voted | | | Percentage
of Shares
Outstanding | |
Hilary E. Ackermann | | For: | | 3,902,805,882.770 | | | 97.940 | % | | | 81.531 | % |
| | Withheld: | | 82,096,740.600 | | | 2.060 | % | | | 1.715 | % |
Robin C. Beery | | For: | | 3,915,421,841.765 | | | 98.257 | % | | | 81.795 | % |
| | Withheld: | | 69,480,781.605 | | | 1.743 | % | | | 1.451 | % |
Lynn S. Birdsong | | For: | | 3,905,268,785.333 | | | 98.002 | % | | | 81.583 | % |
| | Withheld: | | 79,633,838.037 | | | 1.998 | % | | | 1.663 | % |
Derrick D. Cephas | | For: | | 3,906,387,023.712 | | | 98.030 | % | | | 81.606 | % |
| | Withheld: | | 78,515,599.658 | | | 1.970 | % | | | 1.640 | % |
James E. Davey | | For: | | 3,911,005,174.673 | | | 98.146 | % | | | 81.703 | % |
| | Withheld: | | 73,897,448.697 | | | 1.854 | % | | | 1.543 | % |
Christine R. Detrick | | For: | | 3,915,250,969.140 | | | 98.253 | % | | | 81.791 | % |
| | Withheld: | | 69,651,654.230 | | | 1.747 | % | | | 1.455 | % |
Andrew A. Johnson | | For: | | 3,908,222,118.290 | | | 98.076 | % | | | 81.645 | % |
| | Withheld: | | 76,680,505.080 | | | 1.924 | % | | | 1.601 | % |
Paul L. Rosenberg | | For: | | 3,904,491,528.107 | | | 97.983 | % | | | 81.567 | % |
| | Withheld: | | 80,411,095.263 | | | 2.017 | % | | | 1.679 | % |
Lemma W. Senbet | | For: | | 3,908,008,747.183 | | | 98.071 | % | | | 81.640 | % |
| | Withheld: | | 76,893,876.187 | | | 1.929 | % | | | 1.606 | % |
David Sung | | For: | | 3,899,522,144.326 | | | 97.858 | % | | | 81.463 | % |
| | Withheld: | | 85,380,479.044 | | | 2.142 | % | | | 1.783 | % |
|
| Hartford Domestic Equity Funds |
Supplemental Proxy Information (Unaudited) – (continued)
| | | | | | | | | | | | |
The Harford Mutual Funds II, Inc. Shares Outstanding (as of Record Date): 768,594,114.957 Total Shares Voted: 566,699,328.863 Percentage of Shares Voted: 73.731% | |
Director | | Vote | | Total Shares Voted | | Percentage of
Shares Voted | | | Percentage
of Shares
Outstanding | |
Hilary E. Ackermann | | For: | | 556,660,539.359 | | | 98.229 | % | | | 72.425 | % |
| | Withheld: | | 10,038,789.504 | | | 1.771 | % | | | 1.306 | % |
Robin C. Beery | | For: | | 556,944,922.870 | | | 98.279 | % | | | 72.462 | % |
| | Withheld: | | 9,754,405.993 | | | 1.721 | % | | | 1.269 | % |
Lynn S. Birdsong | | For: | | 556,292,460.990 | | | 98.164 | % | | | 72.377 | % |
| | Withheld: | | 10,406,867.873 | | | 1.836 | % | | | 1.354 | % |
Derrick D. Cephas | | For: | | 556,856,991.347 | | | 98.264 | % | | | 72.451 | % |
| | Withheld: | | 9,842,337.516 | | | 1.736 | % | | | 1.280 | % |
James E. Davey | | For: | | 557,044,179.884 | | | 98.297 | % | | | 72.475 | % |
| | Withheld: | | 9,655,148.979 | | | 1.703 | % | | | 1.256 | % |
Christine R. Detrick | | For: | | 557,270,841.428 | | | 98.337 | % | | | 72.505 | % |
| | Withheld: | | 9,428,487.435 | | | 1.663 | % | | | 1.226 | % |
Andrew A. Johnson | | For: | | 556,714,377.226 | | | 98.239 | % | | | 72.432 | % |
| | Withheld: | | 9,984,951.637 | | | 1.761 | % | | | 1.299 | % |
Paul L. Rosenberg | | For: | | 556,427,961.551 | | | 98.188 | % | | | 72.395 | % |
| | Withheld: | | 10,271,367.312 | | | 1,812 | % | | | 1.336 | % |
Lemma W. Senbet | | For: | | 556,309,838.539 | | | 98.167 | % | | | 72.380 | % |
| | Withheld: | | 10,389,490.324 | | | 1.833 | % | | | 1.351 | % |
David Sung | | For: | | 556,545,785.718 | | | 98.209 | % | | | 72.410 | % |
| | Withheld: | | 10,153,543.145 | | | 1.791 | % | | | 1.321 | % |
As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
CUSTOMER PRIVACY NOTICE
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Revised March 2020
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.
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The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Wellington Management Company LLP. HFD and HFMC are not affiliated with the Funds’ sub-adviser.
MFAR-DE20 12/20 219823 Printed in U.S.A.
Hartford Funds Our Benchmark is The Investor®. Hartford Schroders Funds Annual Report October 31, 2020 Hartford Schroders China A Fund Hartford Schroders Emerging Markets Equity Fund Hartford Schroders Emerging Markets Multi-Sector Bond Fund Hartford Schroders International Multi-Cap Value Fund Hartford Schroders International Stock Fund Hartford Schroders Securitized Income Fund Hartford Schroders Tax-Aware Bond Fund Hartford Schroders US MidCap Opportunities Fund Hartford Schroders US Small Cap Opportunities Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.
A MESSAGE FROM THE PRESIDENT
Dear Shareholders:
Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.
Market Review
During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t
begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.
The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.
Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.
Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.
On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.
By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.
As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.
Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford Funds
| 1 | S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. |
| | The index is unmanaged and not available for direct investment. Past performance does not guarantee future results. |
Hartford 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 portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.
|
| Hartford Schroders China A Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 03/31/2020 Sub-advised by Schroder Investment Management North America Inc. and its sub-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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Cumulative Total Returns
for the Period Ending 10/31/2020
| | | | |
| | | Since
Inception1 | |
Class A2 | | | 50.60% | |
Class A3 | | | 42.32% | |
Class C2 | | | 49.80% | |
Class C4 | | | 48.80% | |
Class I2 | | | 50.80% | |
Class Y2 | | | 50.80% | |
Class F2 | | | 50.90% | |
Class SDR2 | | | 50.90% | |
MSCI China A Onshore Index (Net) | | | 36.63% | |
| 1 | Inception: 03/31/2020, Not Annualized |
| 3 | Reflects maximum sales charge of 5.50% |
| 4 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The table does not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect 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 | | | 1.47% | | | | 1.45% | |
Class C | | | 2.24% | | | | 2.24% | |
Class I | | | 1.20% | | | | 1.15% | |
Class Y | | | 1.22% | | | | 1.11% | |
Class F | | | 1.12% | | | | 0.99% | |
Class SDR | | | 1.12% | | | | 0.99% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 03/31/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders China A Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Manager
Hartford Schroders China A Fund’s sub-adviser is Schroder Investment Management North America Inc. and its sub-sub-adviser is Schroder Investment Management North America Limited.
Jack Lee, CFA
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders China A Fund returned 50.60%, before sales charge, from the inception date of March 31, 2020 to October 31, 2020, outperforming the Fund’s benchmark, the MSCI China A Onshore Index (Net), which returned 36.60% for the same period. For the same period, the Class A shares of the Fund, before sales charge, also outperformed the 36.49% average return of the China Region 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 Chinese equity market performed strongly over the period. We believe one of the key drivers of the strong performance was corporate earnings results. Solid incoming economic data also continued to validate the expectation of further economic recovery in the country. Regarding the coronavirus pandemic, China was “first in, first out” of this global health crisis. As a result, we believe China is also leading other countries in terms of economic recovery. During the period, industrial capacity and daily life were almost back to pre-pandemic levels. Exports and investment have been resilient and led the rebound. While the recovery in consumer consumption has lagged behind, the normalization of consumption patterns has accelerated towards the end of the period, with positive retail sales growth since August 2020. Overall, economic momentum has been supported by the unprecedented levels of fiscal and monetary stimulus by the Chinese government. This has, in turn, dramatically reduced bankruptcy risks and allowed investors to look through the current slump in earnings towards a more normal operating environment into 2021.
In addition to the strong policy support, Chinese equity markets have been led in recent months by companies that performed well during the coronavirus pandemic. These companies were often found in sectors and industries such as e-commerce and online gaming, healthcare, cloud computing, and technology more broadly – where earnings benefitted from an accelerating shift in consumption patterns during the global health crisis. The Chinese market’s heavy exposure to online companies helps explain its strong performance in recent months, as many of these stocks have benefited from a similar upward re-rating in valuations.
Stock selection supported the Fund’s strong performance relative to the MSCI China A Onshore Index (Net) for the period, with the largest contributions being made by the Industrials and Materials sectors. Conversely, selection was weaker in the Consumer Staples sector. Sector allocation was also supportive to the Fund’s relative returns. In particular, the Fund’s materially underweight exposure to the Financials sector contributed positively to relative returns for the period. However, the Fund’s underweight position in Consumer Staples offset part of the positive effect.
At the individual stock level, Zhejiang Sanhua Intelligent Controls was a key contributor to the Fund’s performance relative to the MSCI China A Onshore Index (Net) during the period. The electric-vehicle component maker traded higher on the back of resilient quarterly results released during the second quarter. Shares in industrial automatic control products manufacturer Shenzhen Inovance Technology rose on the back of a strong first quarter 2020 performance, which was driven by improvements in operational efficiency, and strong overall first half results in which margins continued to improve, owing to supply chain optimization, product mix, and leverage from increased volume. Shandong Sinocera Functional Material performed strongly as the market expected the implementation of China’s stage six emission standards for the automobile industry to boost the sales of the company’s ceramic honeycomb carrier, which is used as a tailpipe filter.
The Fund did not hold liquor company Kweichow Moutai, a constituent of the MSCI China A Onshore Index (Net), during the period, which detracted from relative performance. The shares rose in the second quarter of 2020 alongside those of its peers as it reported strong quarterly results despite the coronavirus pandemic. The Fund’s lack of exposure to another benchmark constituent liquor company, Wuliangye Yibin, impacted relative returns negatively for similar reasons to Kweichow Moutai. The zero weighting in Luxshare Precision Industry also detracted from performance, as the share price of the electronic connector manufacturer rose strongly alongside the broader Technology sector during the period.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
As of the end of the period, aggregate valuations for the market have risen to above-average levels following the strong market performance. We believe this is already pricing in a large part of the earnings recovery expected into 2021 and the upside for the companies that performed well during the pandemic. However, such optimism is not unreasonable given the potential for a snapback in activity in the next few quarters, and the ultra-low level of interest rates and bond yields around the world. Underneath the surface, we believe there is a very wide spread of earnings multiples among companies. This means that valuations in some of the sectors and industries with strong momentum this year – notably selected Healthcare, 5G equipment, electric vehicle-related equities, and other popular China A-listed shares – are much more stretched in our view. On the other hand, some cyclical and value equities have been out of favor with investors and are currently trading on a reasonable, if not distressed, valuations in our view. Given our expectations for continued economic recovery, there may be more rotation into cheap cyclical sectors, if they can show significant improvement in earnings.
|
| Hartford Schroders China A Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Looking ahead, we expect that the pace of normalization after the coronavirus pandemic, the government’s policy stance, and ongoing U.S.-China tensions will remain the key drivers of China’s economic dynamics and market movements.
In terms of strategy, our key focus remains on those stocks exposed to the more secular growth themes in the country. In particular, we like stocks in the Industrials and upstream Materials sectors, as we believe these may benefit from multiple drivers including China’s industrial upgrade; the localization trend amid international trade friction; the abundance of engineering talent supporting research and development; increasing automation on the back of escalating labor costs; and a more environmentally conscious China. As of the end of the period, the Fund’s largest overweights relative to the MSCI China A Onshore Index (Net) were to the Industrials, Consumer Discretionary, Materials sectors, and the Fund’s largest underweights were to the Healthcare, Financials and Consumer Staples sectors.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • The Fund invests in China A shares through Stock Connect, which is subject to a number of restrictions that may affect the Fund’s investments and returns. • Risks associated with investments in China include currency fluctuation, political, economic, social, environmental, regulatory and other risks, including risks associated with differing legal standards. Concentrating investments in China subjects the Fund to more volatility and greater risk of loss than a more diversified fund. • 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-cap and mid-cap securities can have greater risks and volatility than large-cap 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.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.7 | % |
Consumer Discretionary | | | 15.6 | |
Consumer Staples | | | 7.8 | |
Financials | | | 14.5 | |
Health Care | | | 6.9 | |
Industrials | | | 17.1 | |
Information Technology | | | 16.8 | |
Materials | | | 16.3 | |
Real Estate | | | 2.9 | |
Utilities | | | 0.8 | |
| | | | |
Total | | | 100.4 | % |
| | | | |
Short-Term Investments | | | 0.5 | |
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. |
|
| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 03/31/2006 Sub-advised by Schroder Investment Management North America Inc. and its sub-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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 11.28% | | | | 9.36% | | | | 3.44% | |
Class A2 | | | 5.15% | | | | 8.13% | | | | 2.86% | |
Class C1 | | | 10.51% | | | | 8.81% | | | | 3.29% | |
Class C3 | | | 9.51% | | | | 8.81% | | | | 3.29% | |
Class I1 | | | 11.56% | | | | 9.62% | | | | 3.68% | |
Class R31 | | | 11.08% | | | | 9.27% | | | | 3.51% | |
Class R41 | | | 11.43% | | | | 9.52% | | | | 3.63% | |
Class R51 | | | 11.55% | | | | 9.66% | | | | 3.69% | |
Class Y1 | | | 11.69% | | | | 9.74% | | | | 3.73% | |
Class F1 | | | 11.79% | | | | 9.75% | | | | 3.74% | |
Class SDR1 | | | 11.77% | | | | 9.80% | | | | 3.77% | |
MSCI Emerging Markets Index (Net) | | | 8.25% | | | | 7.92% | | | | 2.42% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.44% | | | | 1.44% | |
Class C | | | 2.16% | | | | 2.16% | |
Class I | | | 1.23% | | | | 1.23% | |
Class R3 | | | 1.78% | | | | 1.78% | |
Class R4 | | | 1.48% | | | | 1.48% | |
Class R5 | | | 1.18% | | | | 1.18% | |
Class Y | | | 1.15% | | | | 1.15% | |
Class F | | | 1.06% | | | | 1.06% | |
Class SDR | | | 1.06% | | | | 1.06% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Hartford Schroders Emerging Markets Equity Fund’s sub-adviser is Schroder Investment Management North America Inc. and its sub-sub-adviser is Schroder Investment Management North America Limited.
Tom Wilson, CFA
Portfolio Manager
Robert Davy
Portfolio Manager
James Gotto
Portfolio Manager
Waj Hashmi, CFA
Portfolio Manager
Nicholas Field
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Emerging Markets Equity Fund returned 11.28%, before sales charge, for the twelve-month period ended October 31, 2020 compared to the Fund’s benchmark, the MSCI Emerging Markets Index (Net) which returned 8.25% for the same period. For the same period, the Class A shares of the Fund, before sales charge, outperformed the 5.70% 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 posted a positive return in dollar terms over the twelve-month period ended October 31, 2020 as measured by the MSCI World Index (Net). After initially advancing as U.S.-China trade tensions eased, culminating in the signing of a phase one deal in January 2020, global equities saw a steep sell-off as the coronavirus pandemic took hold. Measures to contain the virus resulted in sharp declines in economic activity. Global central banks and governments responded with substantial monetary stimulus and fiscal support packages. The U.S. Federal Reserve (Fed) cut its policy rate to 0.25% and announced material quantitative easing (QE), while the European Central Bank (ECB) expanded its existing QE program. In the U.S., Congress passed several support packages while EU leaders agreed for a €750 billion ($886.6 billion) recovery fund to be distributed in 2021. This stimulus, together with optimism towards the development of a coronavirus vaccine and signs of economic recovery, boosted global equities, despite re-escalation in U.S.-China tensions. Emerging market equities also finished in positive territory, with support from U.S. dollar weakness later in the period. The MSCI Emerging Markets Index (Net) outperformed the MSCI World Index (Net) during the period.
Within the MSCI Emerging Markets Index (Net), China, Taiwan, and South Korea were by far the best-performing index markets during the period. Argentina was the only other emerging market to finish in positive territory. China, where the virus first appeared, was the first country to implement lockdowns, which appear to be successful in containing its spread. China began to lift restrictions during the northern hemisphere
spring, with economic activity gradually normalizing. The authorities responded with fiscal stimulus, including additional measures unveiled at the National People’s Congress in May, as well as a mix of interest rate cuts. However, tensions with the U.S. re-escalated and broadened beyond trade. The U.S. tightened measures on Chinese telecommunications company Huawei, and took similar actions against semiconductor manufacturer SMIC. Meanwhile, China imposed a new security law on Hong Kong SAR which drew criticism from Western countries. Taiwan had relatively few cases of coronavirus, attributable to the government’s proactive response, deploying a plan developed following the SARS outbreak in 2003. Meanwhile, South Korea was successful in containing the spread of coronavirus via its track and trace program. Both Taiwan and South Korean markets were also led higher by strong performance from Technology equities. In Argentina, outperformance of the index market relative to the broader MSCI Emerging Markets Index (Net) was underpinned by a sharp rally in large index stock Globant.
Conversely, Greece was the worst-performing index market during the period, as the impact of the pandemic hit tourist revenues. Colombia recorded a steep fall, negatively impacted by the heavy decline in crude oil prices and the impact from the coronavirus pandemic. Lower crude prices and weaker demand weighed on Russian equities and the ruble. In Brazil, the government responded to the impact of the coronavirus pandemic by providing additional income support and funds for healthcare. The Brazilian central bank extended monetary policy easing and also agreed to a foreign exchange swap line with the Fed. However, concerns over the fiscal outlook weighed on the Brazilian real, and currency weakness accounted for the majority of the negative return. Turkish equities and the lira were firmly down as concerns over monetary policy mounted, with foreign exchange reserves continuing to ebb. The central European markets of Poland, Hungary and the Czech Republic all underperformed. India also lagged, albeit by a lesser extent.
The Fund outperformed the MSCI Emerging Markets Index (Net) over the reporting period. Country allocation was negative, with stock selection contributing to excess returns.
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| Hartford Schroders Emerging Markets Equity Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
On a country basis, the Fund’s overweight allocations to Russia, Brazil and Hungary, all of which underperformed, were the main detractors from performance. By contrast, these effects were partly offset by the underweight positions to Thailand, Indonesia, and India, all of which underperformed during the period.
At a stock level, selection in China, South Korea, South Africa and Taiwan added the most to relative returns during the period. In China, the overweights to JD.com and Tencent performed well. JD.com has seen sales growth over the period supported by e-commerce gaining market share. Tencent, meanwhile, continued to deliver strong growth in gaming and better-than-expected advertising performance. In South Korea, the Fund’s overweights to Samsung SDI and LG Chemical were among the key contributors to relative performance. Both stocks rallied sharply amid strong growth in electric vehicle battery demand. The overweight to internet search business Naver and a position in video game publisher Nexon, which was not a constituent of the MSCI Emerging Markets Index (Net), also performed well. In South Africa, the overweight to Naspers was a positive contributor to relative performance. In Taiwan, the overweight to TSMC was the main contributor to excess returns, as the stock’s price rallied on the company’s improving returns and competitive advantage. Being overweight to Delta Electronics was also beneficial during the period. Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
We believe the global economic recovery has lost some momentum recently. U.S. fiscal stimulus has so far not been renewed, and it is possible that further support is not forthcoming until after the inauguration of the next U.S. president in late January 2021. There is some concern that such a fiscal gap could have longer-term ramifications in terms of economic scarring. Meanwhile, second waves of the coronavirus pandemic have accelerated. And while it is positive that death rates have so far remained low, restrictions and a degree of societal caution are returning. That said, we believe growth should remain supported in the near term, given the inventory cycle and further scope for savings utilization in the U.S., as well as ongoing fiscal provision in the Eurozone. There is potential that infection rates improve or stabilize in certain emerging nations, such as Brazil, where policy has been to let the virus run. The arrival of summer may also prove beneficial to some Southern Hemisphere countries.
We believe the probability of a Biden victory in the U.S. presidential election has increased, with the prospect of the Democrats winning control of the Senate also coming into focus. Such an outcome would likely enable greater fiscal stimulus, be supportive of U.S. economic growth, and potentially lead to dollar weakness and an increase in the U.S. 10-year Treasury yield. It may also be negative for U.S. markets given the prospect for tax increases, notably corporate income taxes, and tighter regulation in certain sectors. This would likely be beneficial for emerging markets in our view. Whatever the outcome of the U.S. elections, we expect that U.S.-China tensions will persist, though we believe the approach would potentially become more measured under Mr. Biden should he be elected president.
We have been mindful of the balance of risk in the portfolio for some time. We have added to certain Value areas of the market in recent months, but have not materially changed the balance of the Fund’s portfolio, which remains oriented towards Quality and Growth as of the
end of the period. There has been a significant divergence in the performance of Value and Growth factors in 2020, as reflected in the dispersion of country, sector and currency returns. We believe there is bifurcation in the market, with rich valuations in Growth versus cheap valuations in Value, and cheap currencies in certain more economically vulnerable emerging-markets countries. In our view, if we should see improved news flow with regards to the coronavirus pandemic and the outlook for economic recovery, there is potential for a market rotation. We believe the catalyst would be increased confidence in societal normalization, which would provide the opportunity for a broader recovery in economic growth supported by ongoing loose monetary and fiscal policy. Societal normalization would potentially be led by vaccine delivery, more effective therapies or virus management, or in certain cases herd immunity. The timing of these developments and the prospect for societal normalization remains uncertain. We believe a Democratic clean sweep, with Biden elected president and the party gaining control of both houses of Congress, may also support some degree of rotation, while U.S. dollar weakness would provide further support to emerging-markets equities and currencies. In the longer term, there are concerns in certain emerging-markets countries over either surging public debt or economic scarring, though we believe in certain cases this has been priced into equity and currency valuations.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • Small- and mid-cap securities can have greater risks and volatility than large-cap securities. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 14.1 | % |
Consumer Discretionary | | | 24.1 | |
Consumer Staples | | | 4.7 | |
Energy | | | 3.8 | |
Financials | | | 15.3 | |
Health Care | | | 1.7 | |
Industrials | | | 2.0 | |
Information Technology | | | 23.7 | |
Materials | | | 5.9 | |
Real Estate | | | 0.9 | |
Utilities | | | 1.1 | |
| | | | |
Total | | | 97.3 | % |
| | | | |
Short-Term Investments | | | 2.2 | |
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. |
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 06/25/2013 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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | Since
Inception1 | |
Class A2 | | | -4.85% | | | | 3.62% | | | | 2.38% | |
Class A3 | | | -9.14% | | | | 2.66% | | | | 1.74% | |
Class C2 | | | -5.54% | | | | 3.03% | | | | 2.03% | |
Class C5 | | | -6.44% | | | | 3.03% | | | | 2.03% | |
Class I2 | | | -4.50% | | | | 3.92% | | | | 2.63% | |
Class R32 | | | -4.79% | | | | 3.71% | | | | 2.49% | |
Class R42 | | | -4.45% | | | | 3.85% | | | | 2.58% | |
Class R52 | | | -4.41% | | | | 3.92% | | | | 2.63% | |
Class Y2 | | | -4.34% | | | | 3.97% | | | | 2.67% | |
Class F2 | | | -4.66% | | | | 3.91% | | | | 2.63% | |
Class SDR2 | | | -4.44% | | | | 3.99% | | | | 2.71% | |
JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted5 | | | 0.48% | | | | 5.20% | | | | 3.94% | |
Custom Blended Benchmark5 | | | 0.48% | | | | 5.20% | | | | 3.94% | |
JP Morgan EMBI Global Diversified Index | | | 0.98% | | | | 5.57% | | | | 5.84% | |
JP Morgan GBI Emerging Markets Global Diversified Index | | | -3.81% | | | | 3.94% | | | | 0.17% | |
JP Morgan CEMBI Broad Diversified Index | | | 4.24% | | | | 5.88% | | | | 5.69% | |
| 3 | Reflects maximum sales charge of 4.50% |
| 4 | Reflects a contingent deferred sales charge of 1.00% |
| 5 | Effective 03/31/2020, the JP Morgan Emerging Markets Blended Index (JEMB) — Equal Weighted replaced the Custom Blended Benchmark as the Fund’s primary benchmark as Hartford Funds Management Company, LLC (HFMC) believes this benchmark is a more appropriate benchmark for the Fund. The Custom Blended Benchmark is calculated by HFMC and consists of 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. |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.29% | | | | 1.15% | |
Class C | | | 2.14% | | | | 1.90% | |
Class I | | | 1.00% | | | | 0.90% | |
Class R3 | | | 1.65% | | | | 1.45% | |
Class R4 | | | 1.35% | | | | 1.15% | |
Class R5 | | | 1.05% | | | | 0.85% | |
Class Y | | | 1.04% | | | | 0.85% | |
Class F | | | 0.93% | | | | 0.75% | |
Class SDR | | | 0.93% | | | | 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 gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
Portfolio Manager
Hartford Schroders Emerging Markets Multi-Sector Bond Fund’s sub-adviser is Schroder Investment Management North America Inc.
Fernando Grisales, CFA
Portfolio Manager
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 -4.85%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted, which returned 0.48% for the same period. Effective March 31, 2020, the JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted replaced the Fund’s custom blended benchmark (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) (the “Custom Blended Benchmark”), which returned 0.48% 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 0.98%, -3.81%, and 4.24%, respectively, during the period. The Class A shares of the Fund, before sales charge, also underperformed the 0.59% 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, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted, returned 0.48% for the twelve-month period ended October 31, 2020. After a strong 3% return in the fourth quarter of 2019, the emergence of the COVID-19 global pandemic and ensuing shutdowns of economies across the globe triggered a sharp first-quarter sell-off in 2020. Central banks across the globe began issuing stimulus and relief packages to increase liquidity in
their markets, resulting in a sharp recovery in the second quarter of 2020, as the JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted returned 11.08%. The recovery continued, albeit more modestly, in the four-month period ending October 31, 2020.
Security selection in U.S. dollar-denominated corporates was the largest detractor from the Fund’s performance relative to the JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted for the period due largely to the Fund’s exposure to Aerovias De Mexico, Vendata Resources, and TV Azteca, which faced various financial stresses stemming from the shutdowns related to the global pandemic. These detractors were partially offset by names like Korea-East-West Power and CSCEC.
Selection in the Sovereign segment also largely detracted from relative performance, although to a lesser degree. Ecuador was the largest detractor, as the sovereign was the victim of both the coronavirus pandemic and the dramatic slide in oil prices in the first quarter of 2020. The oil price drop was compounded by Russia and Saudi Arabia engaging in a price war.
Asset allocation in the Local Currency segment was positive on the whole largely due to the Fund’s underweight to the segment throughout 2020. The Fund’s underweight to the sector was positive for the period as local currency assets trailed the broader emerging-markets debt segment, returning -3.81% for the period. In particular, the Fund’s underweight to Colombia and Brazil stood out for their positive impacts on relative performance.
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| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
The Fund used foreign exchange (FX) forwards, a type of derivative, for purposes of adding or hedging local currency exposure during the period. These derivatives detracted from relative performance for the period with Mexico, Chile and Turkey among the leading detractors. We have reduced the Fund’s duration overweight against the JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted from 1.4 years to 0.4 years as of the end of the period.
What is the outlook as of the end of the period?
The outlook is clouded by temporary factors, such as the U.S. election uncertainty. However, we believe a structurally growing fiscal deficit, coupled with other historically significant factors, such as the global coronavirus pandemic, leads to a high probability of a weaker U.S. dollar for some time. Movement in the U.S. dollar has long been seen as a key structural driver for returns on emerging-market assets.
We believe the key risk for emerging-markets dollar debt is the possible resumption of the recent uptrend in U.S. Treasury yields.
The incipient emergence of large and growing fiscal and current account deficits in the U.S. along with an extended period of very robust dollar liquidity will, we believe, enhance the probability of a weaker dollar trend in the coming quarters and years, especially in the absence of interest-rate differentials between the U.S. and the rest of the world. Notably, we believe this move will be a cyclical downturn in the dollar, not a structural decline associated with a change in reserve currency status.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. • Restricted securities may be more difficult to sell and price than other securities. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor’s tax liability. • The Fund invests in a smaller number of issuers, so it may be more exposed to risks and volatility than a more broadly diversified fund.
Composition by Security Type(1)
as of 10/31/2020
| | | | |
| Category | | Percentage of
Net Assets | |
Fixed Income Securities | |
Corporate Bonds | | | 45.0 | % |
Foreign Government Obligations | | | 45.6 | |
| | | | |
Total | | | 90.6 | % |
| | | | |
Short-Term Investments | | | 9.3 | |
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. |
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 08/30/2006 Sub-advised by Schroder Investment Management North America Inc. and its sub-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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -12.01% | | | | 1.36% | | | | 2.60% | |
Class A2 | | | -16.88% | | | | 0.23% | | | | 2.02% | |
Class C1 | | | -12.69% | | | | 0.79% | | | | 2.43% | |
Class C3 | | | -13.55% | | | | 0.79% | | | | 2.43% | |
Class I1 | | | -11.86% | | | | 1.63% | | | | 2.86% | |
Class R31 | | | -12.42% | | | | 1.14% | | | | 2.61% | |
Class R41 | | | -12.07% | | | | 1.37% | | | | 2.73% | |
Class R51 | | | -11.75% | | | | 1.62% | | | | 2.85% | |
Class Y1 | | | -11.72% | | | | 1.70% | | | | 2.89% | |
Class F1 | | | -11.65% | | | | 1.72% | | | | 2.91% | |
Class SDR1 | | | -11.78% | | | | 1.74% | | | | 2.91% | |
MSCI ACWI ex USA Index (Net) | | | -2.61% | | | | 4.26% | | | | 3.43% | |
MSCI ACWI ex USA Value Index (Net) | | | -15.94% | | | | 0.18% | | | | 0.88% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the
Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.13% | | | | 1.13% | |
Class C | | | 1.88% | | | | 1.88% | |
Class I | | | 0.87% | | | | 0.87% | |
Class R3 | | | 1.49% | | | | 1.49% | |
Class R4 | | | 1.19% | | | | 1.19% | |
Class R5 | | | 0.88% | | | | 0.88% | |
Class Y | | | 0.88% | | | | 0.83% | |
Class F | | | 0.77% | | | | 0.77% | |
Class SDR | | | 0.77% | | | | 0.77% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Hartford Schroders International Multi-Cap Value Fund’s sub-adviser is Schroder Investment Management North America Inc. and its sub-sub-adviser is Schroder Investment Management North America Limited.
Justin Abercrombie
Portfolio Manager
Stephen Langford, CFA
Portfolio Manager
David Philpotts
Portfolio Manager
Daniel Woodbridge
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders International Multi-Cap Value Fund returned -12.01%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming one of the Fund’s benchmarks, the MSCI ACWI ex USA Index (Net) benchmark which returned -2.61% for the period, and outperforming the Fund’s secondary benchmark, the MSCI ACWI ex USA Value Index (Net), which returned -15.94% for the same period. For the same period, the Class A shares of the Fund, before sales charge, outperformed the -13.17% average return of the Lipper International Multi-Cap Value peer group, which is a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Over the course of the one-year period from November 1, 2019, the growth investment style in international markets (as measured by the MSCI ACWI ex USA Growth Index (Net)) led the value investment style (as measured by MSCI ACWI ex USA Value Index (Net)) by 27.4%. This marked an unprecedented dispersion between growth and value over a year’s time. The coronavirus pandemic exacerbated a multi-year trend in favor of expensive defensive businesses and mega-cap growth equities in the Technology sector and other stay-at-home categories that performed well, while more economically sensitive cyclical stocks struggled, especially as global economies were shut down in an effort to contain the spread of the coronavirus. However, we have seen short windows of time, during the recovery in the second quarter of 2020 for example, when fiscal and monetary stimulus, better news on the momentum in global activity, and progress reported on vaccines and therapeutics, has driven rotation towards value and cyclicals.
Against the MSCI ACWI ex USA Index (Net), the Consumer Discretionary sector was the largest detractor over the period, specifically related to the outperformance of growth equities that we do not hold in the Fund as they are outside of the value universe, in our view. These include Alibaba, Meituan, JD.com, and Nio in China. The Communications and Technology sectors detracted for the same reason, with almost the entirety of the lag due to not holding Tencent and Softbank, as well as names like Shopify and ASML. Another significant detractor was the Energy sector, where we maintain a modest overweight to MSCI ACWI ex USA Index (Net), focused on the lowest
cost and highest quality oil & gas names. With oil prices plummeting over the year, a number of the Fund’s overweights in Australian, European, Japanese, and Russian companies were significant detractors from the Fund’s performance. Other, more modest detractors were stock selection in the pharmaceuticals industry and Consumer Staples sector. On the other hand, stock selection in the Materials sector contributed positively to performance, as rising gold and precious metals prices (in the context of U.S. dollar weakness) lifted stock prices of mining and gold companies in Australia, Canada, Russia and South Africa that were held in the Fund’s portfolio.
Against the MSCI ACWI ex USA Value Index (Net), the Technology sector was the largest contributor over the period, as the Fund’s overweights and out of benchmark holdings in the semiconductors, business software, IT services, and technology hardware industries outperformed, especially in Taiwan (TSMC, Utd), Korea, India, China and Japan. Stock selection within the Materials sector was another strong driver of performance relative to the MSCI ACWI ex USA Value Index (Net), as described in the section above with reference to gold and mining equities. Against the MSCI ACWI ex USA Value Index (Net), the Fund’s stock selection in the Healthcare sector, particularly overweights and out of benchmark holdings in the likes of Roche, Merck, and Sanofi, contributed positively to performance as well. The Fund’s underweights to (or avoidance of) names like HSBC, Santander, Lloyds, Itau, and a number of other Australian and European banks contributed positively to performance relative to the MSCI ACWI ex USA Value Index (Net) as the Financials sector had challenged performance as a result of the coronavirus pandemic and continued low interest rate environment. On the other hand, the Consumer Staples and Utilities sectors proved to be modest detractors from performance over the period. As of the end of the period, these are areas where we maintain structural underweights, as we consider many utility companies to be fundamentally weak and highly leveraged, while we view a number of companies in the Consumer Staples sector to be overvalued as investors have sought defensive exposure. Returns in the Utilities sector were lifted by investors chasing yield plays in the context of lower bond yields, and the Consumer Staples sector performed well as companies in this sector were favored over the course of the year as areas less affected by the consumer demand disruption associated with the coronavirus pandemic.
|
| Hartford Schroders International Multi-Cap Value Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.
What is the outlook as of the end of the period?
We believe that valuations and business quality (as defined by measures of profitability, stability, financial strength, and management quality) are two key drivers of long-run equity returns. We apply a proprietary quantitative investment analysis that seeks to capture the high returns historically available from value stocks. We seek to select relatively inexpensive stocks of issuers located anywhere in the world based on an evaluation of a number of valuation metrics including: dividends, cash flow, earnings, sales and asset-based measures.
Towards the end of the twelve-month period ended October 31, 2020, we sold securities in the Materials, Consumer Staples (particularly home products), and Communications (wireless telecom) sectors, while adding to exposures in the Financials (particularly life and health insurance companies), Industrials, Consumer Discretionary and Healthcare sectors. By industry, we trimmed some positions in banks, online retail and IT services in favor of increasing our exposure to online and mobile entertainment, integrated telecom, semiconductors and retail. Following these changes, the Fund continued to be overweight in the Materials, Industrials, Energy, Communications, Technology, and Healthcare sectors relative to the MSCI ACWI ex USA Index (Net). We retained underweights in the Consumer Discretionary, Consumer Staples, Utilities and Real Estate sectors. The Fund’s exposure to the Financials sector is in line with the MSCI ACWI ex USA Index (Net) but significantly lower than the MSCI ACWI ex USA Value Index (Net).
From a geographic perspective, the Fund continued to be underweight in Europe relative to the MSCI ACWI ex USA Index (Net) (though we have made additions in this region across the Industrials, Technology, Financials, Energy and Communications sectors, while trimming positions in the Consumer Staples sector) and Asia Pacific ex Japan (where we have further trimmed Financials and Energy in Australia) as of the end of the reporting period. We maintained overweight positions in the Fund relative to the MSCI ACWI ex USA Index (Net) in the U.K. (where we added to positioning in the Financials, Healthcare, and Consumer Discretionary sectors, while trimming in the Materials sector) and Japan (where we sold positions in the Communications sector). In Emerging Markets, we maintained an overweight as well, though we trimmed overall exposure. We further added to the Fund’s China and India underweights, while increasing exposure in Taiwan and Korea.
Looking ahead, we anticipate that, given continued uncertainly, we could again see heightened levels of market volatility, and we believe that the Fund’s investment process provides opportunities to seek to generate excess return relative to its benchmarks.
We believe the underperformance of value-based approaches in recent years is the other side of the rapid rise in concentration in the mainstream indices, led by a handful of increasingly expensive equities. While these equities have generally surprised on the upside in terms of their rapid pace of growth, which has been reinforced further this year due to the impact of the COVID-19 pandemic, this has to be balanced against what is already factored into their lofty valuations.
We believe that a diversified all-cap approach, and avoiding the areas of low-quality value, should continue to be key going forward, particularly against the backdrop of a weak global economy.
We have made a number of enhancements to our models in response to this year’s volatility, most notably with respect to our increased focus on financial strength, especially around measures of short-term debt and liquidity, and extending our time horizon, by placing greater emphasis on longer-term earnings in our valuation models in order to seek to avoid this year’s lockdown disruption. Alongside our ongoing focus on sustainability research, we have also broadened out the number of market themes that we monitor (e.g., companies that have performed well during the coronavirus pandemic versus those that have performed poorly) in order to seek to assist in short-term risk management.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • Small- and mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 11.5 | % |
Consumer Discretionary | | | 9.7 | |
Consumer Staples | | | 4.7 | |
Energy | | | 5.8 | |
Financials | | | 16.5 | |
Health Care | | | 9.8 | |
Industrials | | | 10.4 | |
Information Technology | | | 13.0 | |
Materials | | | 13.0 | |
Real Estate | | | 1.8 | |
Utilities | | | 2.7 | |
| | | | |
Total | | | 98.9 | % |
| | | | |
Short-Term Investments | | | 2.0 | |
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. |
|
| Hartford Schroders International Stock Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 12/19/1985 Sub-advised by Schroder Investment Management North America Inc. and its sub-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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | 10.63% | | | | 7.07% | | | | 5.20% | |
Class A2 | | | 4.56% | | | | 5.87% | | | | 4.61% | |
Class C1 | | | 9.93% | | | | 6.53% | | | | 5.06% | |
Class C3 | | | 8.93% | | | | 6.53% | | | | 5.06% | |
Class I1 | | | 10.93% | | | | 7.38% | | | | 5.48% | |
Class R31 | | | 10.38% | | | | 7.10% | | | | 5.34% | |
Class R41 | | | 10.62% | | | | 7.24% | | | | 5.41% | |
Class R51 | | | 10.96% | | | | 7.40% | | | | 5.49% | |
Class Y1 | | | 11.00% | | | | 7.44% | | | | 5.51% | |
Class F1 | | | 11.05% | | | | 7.45% | | | | 5.51% | |
Class SDR1 | | | 11.07% | | | | 7.48% | | | | 5.54% | |
MSCI ACWI ex USA Index (Net) | | | -2.61% | | | | 4.26% | | | | 3.43% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor
Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.16% | | | | 1.16% | |
Class C | | | 1.89% | | | | 1.89% | |
Class I | | | 0.85% | | | | 0.85% | |
Class R3 | | | 1.50% | | | | 1.46% | |
Class R4 | | | 1.20% | | | | 1.16% | |
Class R5 | | | 0.90% | | | | 0.86% | |
Class Y | | | 0.85% | | | | 0.85% | |
Class F | | | 0.78% | | | | 0.76% | |
Class SDR | | | 0.78% | | | | 0.76% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders International Stock Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Hartford Schroders International Stock Fund’s sub-adviser is Schroder Investment Management North America Inc. and its sub-sub-adviser is Schroder Investment Management North America Limited.
Simon Webber, CFA
Portfolio Manager
James Gautrey, CFA
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders International Stock Fund returned 10.63%, before sales charge, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the MSCI ACWI ex USA Index (Net), which returned -2.61% for the same period. Class A shares of the Fund, before sales charge, also outperformed the 9.17% 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?
International equities were relatively weak over the period following the dramatic sell-off in the early months of 2020 as the economic impact from the coronavirus pandemic became apparent. The strength of the subsequent recovery was supported by unprecedented levels of peacetime monetary and fiscal stimulus measures by central banks and governments around the world. Companies exposed to travel, retailing, banking and energy have been particularly hard hit by the effects of lockdowns, while businesses that are able to provide digital and online services have flourished. The coronavirus pandemic has therefore accelerated many of the underlying structural changes that were already underway, increasing the rewards to companies that are well invested in their digital operations.
Stock selection supported strong Fund performance throughout the period with the largest contributions from the Information Technology, Industrials and Communication Services sectors. Electrification and the shift to renewable energy continued to accelerate, and the Fund’s exposure to environmental technologies through Vestas Wind and Schneider Electric was very supportive to relative performance to its benchmark as investors have begun to recognize this megatrend. The Fund’s exposure to disruptive e-commerce platform stocks, such as Alibaba in China and Mercado Libre in Latin America, also helped contribute positively to Fund performance. The lockdown forced new consumers to use these platforms, and we believe many of them are unlikely to return to their historical offline consumption patterns. Conversely, the Fund’s holdings within the Consumer Staples and Materials sectors, as well as a number of the Fund’s holdings within the Consumer Discretionary sector with exposure to the travel industry, detracted from relative performance over the period. UK hotel operator Whitbread performed poorly during the period as it was forced to close hotels for several months. We continued to hold this position as of the end of the period, as we believe that, while the severity of the downturn is unprecedented for hotel operators, Whitbread should be in an improved competitive position now that it has strengthened its balance sheet.
The market dislocation in the spring gave us the opportunity to build new positions in a number of consumer companies, including chocolate company Lindt, as well as add to some cyclically exposed areas where we believed the market was underestimating the forward earnings picture such as energy company, Equinor.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
Looking forward, the large fiscal and monetary support programs globally continue to support an economic recovery phase. We believe any possible second wave of the coronavirus is likely to be less economically disruptive. In our view, governments around the world are now better prepared and likely to take pre-emptive measures to avoid a second lockdown. Test and trace systems are now up and running in many parts of the world, and there is greater optimism that an effective vaccine can be developed.
However, we believe that there have been permanent changes in the way people will work, consume, and socialize. This may mean that some industries and companies will build back faster while others will never recover. One example of this is the positive experience of working flexibly that so many companies and employees have had. We expect this to have major impacts in terms of where people choose to live and how much they invest in their homes as a place of work as well as shelter.
Many governments have also discovered a clear alignment between the need for investment programs to stimulate growth and their ambition to accelerate the transition away from fossil fuels. The European Union (EU), in particular, has focused its recovery plan on renewable energy, upgrading building stock, and accelerating the transition to electric vehicles. We have attempted to position the Fund’s portfolio for these trends.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • Small- and mid-cap securities can have greater risks and volatility than large-cap securities. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
|
| Hartford Schroders International Stock Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 5.3 | % |
Consumer Discretionary | | | 19.3 | |
Consumer Staples | | | 7.1 | |
Energy | | | 3.0 | |
Financials | | | 13.1 | |
Health Care | | | 10.9 | |
Industrials | | | 15.7 | |
Information Technology | | | 16.3 | |
Materials | | | 1.2 | |
Real Estate | | | 1.5 | |
Utilities | | | 3.6 | |
| | | | |
Total | | | 97.0 | % |
| | | | |
Short-Term Investments | | | 2.5 | |
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. |
|
| Hartford Schroders Securitized Income Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 02/28/2019 Sub-advised by Schroder Investment Management North America Inc. | | Investment objective – The Fund seeks to provide current income and long-term total return consistent with preservation of capital. |
The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | |
| | | 1 Year | | | Since
Inception1 | |
Class A2 | | | -0.41% | | | | 0.97% | |
Class A3 | | | -3.38% | | | | -0.86% | |
Class C2 | | | -1.06% | | | | 0.57% | |
Class C4 | | | -2.03% | | | | 0.57% | |
Class I2 | | | -0.32% | | | | 1.05% | |
Class Y2 | | | -0.36% | | | | 1.05% | |
Class F2 | | | -0.24% | | | | 1.08% | |
Class SDR2 | | | -0.40% | | | | 1.06% | |
ICE BofA US ABS & CMBS Index | | | 3.72% | | | | 5.32% | |
S&P/LSTA Leveraged Loan Index | | | 1.72% | | | | 2.26% | |
| 3 | Reflects maximum sales charge of 3.00% |
| 4 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Class C shares commenced operations on 02/28/2020 and performance prior to this date reflects Class A shares (excluding sales charges). Performance prior to an inception date of a class has not been adjusted to reflect the operating expenses of such class. If the performance were adjusted, it would have been lower.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.59% | | | | 1.30% | |
Class C | | | 2.34% | | | | 2.15% | |
Class I | | | 1.34% | | | | 1.05% | |
Class Y | | | 1.32% | | | | 1.00% | |
Class F | | | 1.27% | | | | 0.90% | |
Class SDR | | | 1.27% | | | | 0.90% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders Securitized Income Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Hartford Schroders Securitized Income Fund’s sub-adviser is Schroder Investment Management North America Inc.
Michelle Russell-Dowe
Portfolio Manager and Head of Securitized Income
Anthony Breaks, CFA
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Securitized Income Fund returned -0.41%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming Fund’s benchmarks, the ICE BofA US ABS & CMBS Index, which returned 3.72% for the same period, and the S&P/LSTA Leveraged Loan Index, which returned 1.72% for the same period. For the same period, the Class A shares of the Fund, before sales charge, underperformed the -0.21% average return of the Lipper Loan Participation Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
Over the period, returns in the securitized credit space were close to zero. Most securitized credit does not offer much duration exposure, and thus has not directly benefited from duration. Returns in securitized credit investments were generated primarily from carry (where an investor holds a bond to maturity and generates return from the interest paid by the bond’s issuer) and spread movements. With many investors having returned to traditional fixed income investments in response to the coronavirus pandemic, securitized spread tightening has also lagged the liquidity-fueled recovery in yield spreads seen in the corporate and the municipal markets.
Over the period, the Fund increased allocations to non-U.S. mortgage-backed securities (MBS) and asset-backed securities (ABS) exposures, as we found these securities to be attractive from a carry perspective. We maintained the Fund’s exposures in Agency MBS as we believe the sector is directly supported by our investment thesis and can be used for liquidity. We continued to use reverse repurchase agreements (repo) as a liquidity tool during the period.
On a sector basis in terms of total returns, Agency commercial mortgage-backed securities (CMBS) had the largest contribution to the Fund’s performance relative to the Fund’s benchmarks given the longer duration and because it is a high-quality, government sector. The Fund’s allocations in ABS and collateralized loan obligations (CLOs) also performed well. CMBS, particularly in single-asset/single-borrower (SASB), were the largest detractor from relative performance during the period, although this sector had the most notable recovery from first quarter 2020 lows. As of the end of the period, we believe mortgage insurance and single-family rental are supported by strong fundamentals and structural protections. As of the end of the period, the securitized space has generally recovered from heightened spread widening in March 2020, but some sectors have lagged the recovery in the government-supported corporate market.
Currency futures and forwards were used within the Fund during the period for hedging against currency fluctuations on non-U.S.-dollar bonds; these derivatives did not have a material impact on the Fund’s performance.
What is the outlook as of the end of the period?
With direct buying programs available in the corporate markets, yield spreads have tightened and corporate debt issuance has been high in the corporate sector. Combined with low Treasury yields, the landscape for fixed income has dramatically changed. We believe that traditional sources of return, such as duration and roll-down, are unlikely to generate return in traditional fixed income. With low rates and yield spreads once again tighter, we believe that much of the possible returns from duration and spread tightening—in sectors with aggressive issuance and buying—have been realized. In a very low yield environment, moral hazard and risk taking incentives are high in our view.
Securitized sectors such as AAA-rated auto and credit cards have recovered, but we believe there are still recovery opportunities and credit opportunities within the securitized space, such as non-agency MBS, non-U.S. MBS, equipment ABS, and single-family rental ABS that remain a near-term opportunity. As we believe that potential sources of return should continue to come from carry products, we remain focused on housing as of the end of the period. As of the end of the period, mortgage insurance credit risk transfers continue to be an allocation focus, and we have added corporate financial debt from these issuers. Additionally, there are longer-term opportunities that we believe are likely to offer upside as the market evolves, including in CMBS and collateralized loan obligations (CLOs), and as of the end of the period, we view these sectors as viable opportunity-sets in the near term.
We continue to await a fiscal package in the U.S., and we expect that there will be fiscal support. Lower-income U.S. consumers are in a fragile position. In our opinion, many of these consumers have benefited from employment support through direct payments or paid furloughs, and these programs have been necessary to the recovery in consumer spending. While we believe this support is likely, for as long as it takes to have an immunized population, there will almost certainly be fall-out. We do not believe the employment levels prior to the coronavirus pandemic will be fully recovered in the near term. For the sectors sensitive to the lower-income consumer, we believe more uncertainty may be priced in. We believe that commercial real estate, including hotels, retail properties and airlines, and securities with a higher degree of leverage or credit exposure, may be structurally impacted.
We do think, over the next six to twelve months, we will see an influx of information as forbearance periods end and resolutions resume in the real estate markets, and as federal programs normalize.
We anticipate continued volatility in the near term, which we believe may create additional opportunities, and it is our belief that remaining flexible is important to capturing new and current opportunities.
|
| Hartford Schroders Securitized Income Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. • 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. • 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. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • Restricted securities may be more difficult to sell and price than other securities. • The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. • The Fund may use repurchase agreements, or reverse repurchase agreements, which can increase risk and volatility. • Use of leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. • Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.
Composition by Security Type(1)
as of 10/31/2020
| | | | |
| Category | | Percentage of
Net Assets | |
Equity Securities | |
Common Stocks | | | 0.3 | % |
| | | | |
Total | | | 0.3 | % |
| | | | |
Fixed Income Securities | |
Asset & Commercial Mortgage-Backed Securities | | | 111.6 | % |
Corporate Bonds | | | 4.9 | |
U.S. Government Agencies(2) | | | 13.3 | |
| | | | |
Total | | | 129.8 | % |
| | | | |
Short-Term Investments | | | 2.3 | |
Other Assets & Liabilities | | | (32.4 | ) |
| | | | |
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. |
| (2) | All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020. |
|
| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 10/03/2011 Sub-advised by Schroder Investment Management North America Inc. and its sub-sub-adviser, Schroder Investment Management North America Limited | | 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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | Since
Inception1 | |
Class A2 | | | 4.31% | | | | 3.75% | | | | 4.70% | |
Class A3 | | | -0.35% | | | | 2.80% | | | | 4.17% | |
Class C2 | | | 3.53% | | | | 3.14% | | | | 4.47% | |
Class C4 | | | 2.53% | | | | 3.14% | | | | 4.47% | |
Class I2 | | | 4.64% | | | | 4.02% | | | | 4.96% | |
Class Y2 | | | 4.56% | | | | 4.00% | | | | 4.95% | |
Class F2 | | | 4.67% | | | | 4.04% | | | | 4.97% | |
Class SDR2 | | | 4.68% | | | | 4.03% | | | | 4.97% | |
Bloomberg Barclays Municipal Bond Index | | | 3.59% | | | | 3.70% | | | | 3.94% | |
| 3 | Reflects maximum sales charge of 4.50% |
| 4 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor
Fund and the Predecessor Fund’s predecessor. Prior to 10/24/2016, Class A and Class I were called Advisor Shares and Investor Shares, respectively. Performance for Class A shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Advisor Shares) reflects the performance of the Predecessor Fund’s Investor Shares adjusted to reflect the distribution fees of the Predecessor Fund’s Advisor Shares. Class C, Class Y and Class SDR shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016. Performance for the Fund prior to 06/14/2013 reflects performance of the Predecessor Fund’s predecessor, which commenced operations on 10/03/2011.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 0.83% | | | | 0.71% | |
Class C | | | 1.61% | | | | 1.59% | |
Class I | | | 0.61% | | | | 0.49% | |
Class Y | | | 0.64% | | | | 0.56% | |
Class F | | | 0.53% | | | | 0.46% | |
Class SDR | | | 0.53% | | | | 0.46% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Managers
Hartford Schroders Tax-Aware Bond Fund’s sub-adviser is Schroder Investment Management North America Inc. and its sub-sub-adviser is Schroder Investment Management North America Limited.
Andrew B.J. Chorlton, CFA*
Portfolio Manager
Neil G. Sutherland, CFA
Portfolio Manager
Julio C. Bonilla, CFA
Portfolio Manager
Lisa Hornby, CFA
Portfolio Manager
David May
Portfolio Manager
* Effective March 31, 2021, Mr. Chorlton will no longer serve as a portfolio manager to the Fund. From October 1, 2020 through March 31, 2021, Mr. Chorlton will transition his portfolio management responsibilities to Mr. May.
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders Tax-Aware Bond Fund returned 4.31%, before sales charge, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Bloomberg Barclays Municipal Bond Index, which returned 3.59% for the same period. For the same period, Class A shares of the Fund, before sales charge, also outperformed the 2.72% average return of the Lipper General & Insured Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.
Why did the Fund perform this way?
In the first quarter of 2020, risk assets reacted violently to the severe economic implications of the coronavirus pandemic and then rallied sharply in the second quarter of 2020 on the heels of easing lockdowns and central bank support. The rally continued in the third quarter of 2020, albeit at a much lower trajectory than in the second quarter, as momentum continued in equities (the Dow Jones Industrial Average rose 7% and the S&P 500 Index rose 8%) and economic conditions showed signs of further recovery. Compared to the peak of the coronavirus pandemic earlier in the year, some economic indicators certainly appeared to point to a V-shaped recovery as businesses reopened and life began reverting to the “new normal.” The unemployment rate fell 4% in September 2020 from the peak of 13% in June 2020, and consumer spending and retail sales returned nearly to pre-pandemic levels. In the period leading up to the outbreak, spreads for assets perceived to be riskier, including both corporate and tax-exempt bonds, had generally been tightening as investors sought yield from all corners of the market.
Sector selection was the primary contributor to the Fund’s outperformance relative to the Bloomberg Barclays Municipal Bond Index, as the out-of-benchmark allocation to corporates, within both the Financials and Industrials sectors, drove excess returns as spreads were generally narrower than one year ago despite the material dislocation we
saw in March 2020. The Fund’s overweight allocations to corporates and floating-rate tax-exempts were positive contributors to relative performance. Notably, the Fund’s overweight exposure to riskier parts of the tax-exempt market, such as Federal Agency and Housing bonds, detracted from relative performance but was largely offset by the Fund’s underweight to the Transportation sector, which suffered from the collapse in mass transit due to the coronavirus pandemic.
Issue selection was a positive contributor to the Fund’s relative performance, as specific municipals outperformed the broader index returns. Federal Agency and Housing bonds were the main source of the positive issue selection, as specific issuers with stronger balance sheets held up well during the sell-off and subsequent recovery. In general, the sector saw record issuance, especially in taxable municipals, and at times valuations were heavily influenced by the prospects of additional government assistance, which as of the end of the period has yet to appear.
Yield curve impacts were the most notable detractor from the Fund’s one-year return relative to the Bloomberg Barclays Municipal Bond Index. It is important to keep in mind that the Fund is opportunistic in strategy and can differ in terms of yield curve exposure and duration, as it is not managed to a benchmark. The global nature of the sell-off in March 2020 and subsequent rally in safe-haven assets (i.e. Treasuries) meant being short in duration would be costly. Yield curve impacts were negative but not nearly enough to offset the positive impacts from sector and issue selection.
During the period, we used derivatives such as futures to manage duration within the Fund, and these derivatives were not a tactical bet on the yield curve. The use of such derivatives had no material impact on performance over the period. We consider the use of futures and other derivatives a less expensive way to achieve the Fund’s target duration.
What is the outlook as of the end of the period?
While the recovery and its trajectory relative to the peak of the coronavirus pandemic are positive, the path forward appears much more
|
| Hartford Schroders Tax-Aware Bond Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
uncertain, however, as the implications stemming from months of lockdowns and expiring stimulus packages are becoming more apparent. In addition to announcements of material layoffs from large corporations, the pace of employment growth appears to be slowing, and there are 10 million fewer jobs now compared to pre-pandemic levels.
Looking forward, we believe there are several uncertainties that may lead to further volatility, including the U.S. election, the timing and magnitude of additional fiscal stimulus, vaccine distribution, and the re-emergence of coronavirus spread as weather cools across most of the U.S. We believe that any weakness in spreads will likely be seen as an opportunity to add risk, whereas much narrower spreads will eventually lead to tougher decisions about when to reduce risk. While short-term uncertainties remain high, we believe the recovery will continue and significant fiscal stimulus should materialize in 2021, regardless of who occupies the White House. We believe that this, combined with a continued recovery in labor markets, ongoing support from the Federal Reserve and the tailwinds from a weaker dollar and oil, should likely create a favorable dynamic for both growth and risk assets.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Mortgage-related and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. • The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty 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. • 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. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor’s tax liability.
Composition by Security Type(1)
as of 10/31/2020
| | | | |
| Category | | Percentage of
Net Assets | |
Fixed Income Securities | | | | |
Corporate Bonds | | | 12.5 | % |
Municipal Bonds | | | 68.8 | |
U.S. Government Agencies(2) | | | 2.8 | |
U.S. Government Securities | | | 13.7 | |
| | | | |
Total | | | 97.8 | % |
| | | | |
Short-Term Investments | | | 2.0 | |
Other Assets & Liabilities | | | 0.2 | |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| (2) | All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020. |
|
| Hartford Schroders US MidCap Opportunities Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 03/31/2006 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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -2.25% | | | | 6.95% | | | | 9.74% | |
Class A2 | | | -7.61% | | | | 5.75% | | | | 9.12% | |
Class C1 | | | -2.90% | | | | 6.36% | | | | 9.58% | |
Class C3 | | | -3.87% | | | | 6.36% | | | | 9.58% | |
Class I1 | | | -1.92% | | | | 7.24% | | | | 10.04% | |
Class R31 | | | -2.54% | | | | 6.70% | | | | 9.76% | |
Class R41 | | | -2.26% | | | | 6.97% | | | | 9.90% | |
Class R51 | | | -1.96% | | | | 7.20% | | | | 10.02% | |
Class Y1 | | | -1.99% | | | | 7.26% | | | | 10.05% | |
Class F1 | | | -1.82% | | | | 7.32% | | | | 10.08% | |
Class SDR2 | | | -1.88% | | | | 7.33% | | | | 10.10% | |
Russell Midcap Index | | | 4.12% | | | | 8.95% | | | | 11.40% | |
Russell 2500 Index | | | 2.12% | | | | 8.18% | | | | 10.60% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called
Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 12/30/2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
Performance information prior to 05/01/2019 reflects when the Fund invested at least 80% of its assets in securities of companies considered by Schroder Investment Management North America Inc. to be small- or mid-cap companies located in the United States.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.21% | | | | 1.21% | |
Class C | | | 1.96% | | | | 1.96% | |
Class I | | | 0.94% | | | | 0.94% | |
Class R3 | | | 1.56% | | | | 1.56% | |
Class R4 | | | 1.26% | | | | 1.26% | |
Class R5 | | | 0.97% | | | | 0.97% | |
Class Y | | | 0.96% | | | | 0.96% | |
Class F | | | 0.85% | | | | 0.85% | |
Class SDR | | | 0.85% | | | | 0.85% | |
| * | Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders US MidCap Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Manager
Hartford Schroders US MidCap Opportunities Fund’s sub-adviser is Schroder Investment Management North America Inc.
Robert Kaynor, CFA
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders US MidCap Opportunities Fund returned -2.25%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming both the Fund’s benchmark, the Russell Midcap Index, which returned 4.12% for the period, and the Fund’s secondary benchmark, the Russell 2500 Index, which returned 2.12% for the same period. For the same period, the Class A shares of the Fund, before sales charge, slightly outperformed the -2.51% average return of the Lipper Mid-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. mid-capitalization equities, as measured by the Russell Midcap Index, rose over the twelve-month period ended October 31, 2020 by 4.12%. This modest rise does not accurately reflect the volatility of the period. For the beginning of the period (November 1, 2019 to February 20, 2020), the index rose by around 10.0%. Then the effects of the coronavirus pandemic took hold and the economy shut down. Between February 20, 2020 and the bottom reached on March 23, 2020 (23 trading days), the Russell Midcap Index fell by 34.3%. This is one of the sharpest deepest market falls we have seen in living memory. From March 23, 2020 until June 8, 2020 (another 23 trading days), the Russell Midcap Index rose by 57.0%. That rally was more dramatic than the bear market fall in sheer magnitude. For the balance of the twelve-month period, the benchmark index was modestly positive (rising less than 1%), finishing the period with a total return of 4.12%. The Fund lagged the Russell Midcap Index during the twelve-month period.
The Fund lagged the Russell Midcap Index, primarily due to underperformance in the economic downturn, exacerbated by trailing performance in the powerful rebound. In the downturn, a significant factor in the Fund’s lag was the underperformance of the stocks we consider to be “Steady Eddies,” companies that we believe have stable growth characteristics and slower but more predictable revenues and earnings patterns. The shutdown created enormous drops in revenues. The lack of revenues was the reason they detracted from performance. Second, there were two macro factors for the shortfall: non-earners outperformed earners, and high-volatility equities outperformed low-volatility equities. This was a reversal of bear market behavior over the past 20 years for both factors. We prefer to hold companies with earnings and lower volatility.
The sectors that most significantly contributed to the lag during the twelve-month period were the Consumer Discretionary and Industrials sectors. In the Consumer Discretionary sector, the issue was stock selection. In particular, the shortfall was driven more by equities the Fund did not hold that were constituents of the Russell Midcap Index. Examples of names the Fund did not hold, which rebounded sharply include specialty retailers: Wayfair Inc. (+201.6%), Carvana Co.
(+128.6%); and Etsy (+173.3%). The common thread among these names is a dramatic increase in online sales during the shutdown.
In the Industrials sector, the lags during the period were driven by names the Fund held in the aerospace and defense industries. Hexcel (aerospace) fell by 55.0%. As of the end of the period, we continued to hold a position in the Fund because of their competitive advantage due to intellectual property relating to carbon composite materials for aircraft. Flir Systems (defense) fell by 31.6%. We added to the Fund’s position during the downturn and continued to hold it as of the end of the period. Other detractors from performance included the Basic Materials (the Fund held no gold stocks; the group rallied strongly especially in the downturn) and Utilities (lagging in conventional electricity companies) sectors.
Finally, in the Healthcare sector, the primary source of underperformance relative to the Russell Midcap Index during the period was a zero weight in biotechnology, an area in which the Fund is typically underweight due to the developmental nature of the vast majority of the companies. The biotechnology group leadership was centered on immunology companies which were in pursuit of a coronavirus vaccine.
Top contributors to the Fund’s performance relative to the Russell Midcap Index during the period included Catalent Inc. (Healthcare), West Pharmaceuticals (Healthcare) and Fortinet Inc. (Technology). Catalent provides pharmaceutical delivery systems such as gel caps for headache medicines. West Pharmaceuticals produces delivery systems for injectable drugs and healthcare products. The stock prices of Catalent and West Pharmaceuticals rose in anticipation that both Catalent and West Pharmaceuticals may participate as a delivery platform for the anticipated coronavirus vaccine(s). Fortinet is a cybersecurity company that works with enterprise, government and service provider companies. Demand for its services has been growing with the increasing number of cyber threats.
Over the period, the largest detractors from the Fund’s performance relative to the Russell Midcap Index were Sabre Corp. (Consumer Discretionary), Hexcel Corporation (Industrials), and Reinsurance Group of America. (Financials). Sabre Corp provides airline and lodging booking services for travelers. The stock fell with the steep decline in business and leisure travel. Hexcel has a proprietary process for carbon composite fibers used in aircraft fuselages and wings. The stock has been negatively affected by the collapse in air travel. Reinsurance Group of America slumped on concerns about heightened mortality risk as a result of the coronavirus pandemic.
Derivatives were not used in the Fund during the period and therefore did not impact performance during the period.
We invest the Fund’s assets in a combination of stock types that can be classified into the following three categories: “Steady Eddies” (companies with recurring earnings/cash flow/revenue characteristics),
|
| Hartford Schroders US MidCap Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
“Turnarounds” (companies that have experienced business or operational difficulties but may potentially have a catalyst to help them return to a growth path), and “Mispriced Growth” (companies with unrecognized or under-appreciated growth dynamics will be rewarded over time). Our “Mispriced Growth” category modestly outperformed for the period. Both the “Steady Eddies” and “Turnarounds” categories lagged during the period.
What is the outlook as of the end of the period?
As of the end of the period, we are encouraged that there are signs that the dominance of large cap over small cap may be slowing, as well as the leadership of growth over value. We believe that if both of these developments persist, they should likely benefit our investment style.
We believe that the markets are at a critical juncture, with the timing of further fiscal stimulus hanging in the balance of a contentious election cycle. The market response will likely depend on fiscal stimulus progress, greater certainty around the election outcome, and vaccine progress.
The U.S. consumer needs additional help, in our view. Unemployment is at high levels as new unemployment claims are increasing. This likely indicates that the benefits of the stimulus payments have been mostly exhausted. As of the end of the period, coronavirus infections have reached new heights as winter approaches. New restrictions on travel and gatherings are being proposed and/or enacted.
The signs of a nascent recovery are encouraging, but we are not anticipating a straight path to a return to normal. The shorter-term views are in flux and somewhat disconnected from fundamentals in the near term. Our longer term view is that we remain confident in the resilience of the American economy and its ability to adapt to a new normal. We continue to look to invest in companies with sound businesses and good long-term prospects, and we are confident that highly profitable, cash-generative companies will be rewarded as this cycle normalizes.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | | | | |
Communication Services | | | 3.9 | % |
Consumer Discretionary | | | 9.6 | |
Consumer Staples | | | 3.5 | |
Energy | | | 1.0 | |
Financials | | | 12.3 | |
Health Care | | | 13.1 | |
Industrials | | | 15.0 | |
Information Technology | | | 25.0 | |
Materials | | | 4.1 | |
Real Estate | | | 4.9 | |
Utilities | | | 5.1 | |
| | | | |
Total | | | 97.5 | % |
| | | | |
Short-Term Investments | | | 3.6 | |
Other Assets & Liabilities | | | (1.1 | ) |
| | | | |
Total | | | 100.0 | % |
| | | | |
| (1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
|
| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview
October 31, 2020 (Unaudited)
| | |
Inception 08/06/1993 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 the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.
Average Annual Total Returns
for the Periods Ending 10/31/2020
| | | | | | | | | | | | |
| | | 1 Year | | | 5 Years | | | 10 Years | |
Class A1 | | | -5.02% | | | | 6.65% | | | | 8.91% | |
Class A2 | | | -10.26% | | | | 5.45% | | | | 8.30% | |
Class C1 | | | -5.77% | | | | 6.05% | | | | 8.76% | |
Class C3 | | | -6.67% | | | | 6.05% | | | | 8.76% | |
Class I1 | | | -4.78% | | | | 6.96% | | | | 9.23% | |
Class R31 | | | -5.31% | | | | 6.51% | | | | 9.00% | |
Class R41 | | | -5.04% | | | | 6.78% | | | | 9.14% | |
Class R51 | | | -4.78% | | | | 6.94% | | | | 9.21% | |
Class Y1 | | | -4.74% | | | | 6.99% | | | | 9.24% | |
Class F1 | | | -4.68% | | | | 7.03% | | | | 9.26% | |
Class SDR1 | | | -4.66% | | | | 7.06% | | | | 9.28% | |
Russell 2000 Index | | | -0.14% | | | | 7.27% | | | | 9.64% | |
| 2 | Reflects maximum sales charge of 5.50% |
| 3 | Reflects a contingent deferred sales charge of 1.00% |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
Effective immediately before the opening of business on 10/24/2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information shown for periods prior to 10/24/2016 is that of the Predecessor
Fund. Prior to 10/24/2016, Class A, Class I and Class SDR were called Advisor Shares, Investor Shares and R6 Shares, respectively. Class C, Class R3, Class R4, Class R5, and Class Y shares commenced operations on 10/24/2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares. Performance for Class SDR shares prior to 09/28/2015 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares. Class F shares commenced operations on 02/28/2017 and 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 10/24/2016.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.
| | | | | | | | |
| Operating Expenses* | | Gross | | | Net | |
Class A | | | 1.51% | | | | 1.43% | |
Class C | | | 2.26% | | | | 2.18% | |
Class I | | | 1.19% | | | | 1.18% | |
Class R3 | | | 1.82% | | | | 1.73% | |
Class R4 | | | 1.52% | | | | 1.43% | |
Class R5 | | | 1.20% | | | | 1.13% | |
Class Y | | | 1.21% | | | | 1.13% | |
Class F | | | 1.10% | | | | 1.03% | |
Class SDR | | | 1.10% | | | | 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 gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020. |
|
| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Portfolio Manager
Hartford Schroders US Small Cap Opportunities Fund’s sub-adviser is Schroder Investment Management North America Inc.
Robert Kaynor, CFA
Portfolio Manager
Manager Discussion
How did the Fund perform during the period?
The Class A shares of the Hartford Schroders US Small Cap Opportunities Fund returned -5.02%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Russell 2000 Index, which returned -0.14% for the same period. For the same period, the Class A shares of the Fund, before sales charge, also outperformed the -6.84% 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, returned -0.14% over the twelve-month period ended October 31, 2020. This modest decline does not accurately reflect the volatility of the period. For the beginning of the period (November 1, 2019 to February 20, 2020) the Russell 2000 Index rose by over 9%. Then the effects of the coronavirus pandemic took hold as the U.S. economy shut down. Between February 20, 2020 and the bottom that occurred on March 18, 2020, the Russell 2000 Index fell by 41.5%. This is one of the sharpest deepest market falls we have seen in living memory. From March 18, 2020 until June 8, 2020, the benchmark rose by 55.6%. That rally was perhaps more dramatic than the bear market fall. From June 8, 2020 to October 31, 2020, the Russell 2000 Index was modestly positive (rising less than 1%), finishing the twelve-month period with a total return of -0.14%. The Fund lagged the benchmark during the twelve month period.
The Fund lagged the benchmark, primarily due to underperformance in the economic downturn exacerbated by trailing performance in the powerful rebound. In the downturn, the Fund did not have its typical defensive positioning. A significant fundamental factor in the Fund’s lag was the underperformance of the stocks we consider to be “Steady Eddies,” companies that we believe have stable growth characteristics and slower but more predictable revenues and earnings patterns. The shutdown due to the pandemic created enormous drops in revenues. The lack of revenues detracted from performance. Second, there were two macro factors for the shortfall: non-earners outperformed earners, and high-volatility equities outperformed low-volatility equities. This was a reversal of bear market behavior over the past 20 years for both factors.
Over the period, the sectors with the most significant contribution to the Fund’s underperformance relative to the Russell 2000 Index were the Consumer Discretionary and Healthcare sectors. In the Consumer Discretionary sector, the issue was stock selection. In particular the shortfall was driven more by equities we did not hold in the Fund. The Fund’s largest lag was in the casinos and gambling industry. We did not hold Churchill Downs Inc., (+15.25%) and Penn National Gaming Inc. (+153.25%), each of which were constituents of the Russell 2000 Index. The Fund’s holdings in Red Rock Resorts (-10.78%) and Play AGS (-76.6%) were detractors from performance. We began selling Play AGS on March 17, 2020 and fully exited the position in the ensuing days. We
reduced the Fund’s position in Red Rocks but continue to hold it in the Fund as of the end of the period. We also lagged in Specialty Retailers, a group that rose by 21.8% for the year. Another major detractor was Hudson Ltd., the airport retailer. We sold this position during the downturn due to the evaporation of travel. We began exiting on February 28, 2020 and fully liquidated the Fund’s holdings by March 18, 2020. The stock was down 69.2% by March 18, 2020.
In the Healthcare sector, the primary source of underperformance relative to the Russell 2000 Index was in biotechnology, which is an area in which the Fund is typically underweight due to the developmental nature of the vast majority of the companies. The biotechnology group leadership was centered on immunology companies which were forming relationships with pharmaceutical companies in pursuit of a coronavirus vaccine.
The Technology, Consumer Staples and Financials sectors were positive contributors to relative performance for the period. There were also positive contributions from the Real Estate, Energy, and Telecommunications sectors. Stock selection was the source of the outperformance in all of these sectors. Noteworthy contributions in the Technology sector were in consumer digital services (LiveRamp), production technology equipment (Entegris, Inc.) and semiconductors (ON Semiconductor). In the Consumer Staples sector, food products (Darling Ingredients) and food retailers and wholesalers (Performance Food Group) contributed positively to performance. In the Financials sector, property and casualty insurance (Palomar Holdings) and banks (Lakeland Financial) contributed positively to the Fund’s performance.
Top contributors to the Fund’s performance relative to the Russell 2000 Index during the period included Catalent Inc. (Health Care), Darling Ingredients (Consumer Staples), and Entegris, Inc. (Technology). Catalent provides pharmaceutical delivery systems such as gel caps for headache medicines. Darling Ingredients is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. Entegris manufactures and supplies microcontamination control products and specialty chemicals used in semiconductor and other high-technology industries.
The largest detractors from the Fund’s performance relative to the Russell 2000 Index over the period were PlayAGS, Inc. (Consumer Discretionary), Hexcel Corporation (Industrials), and Kar Auction Services (Consumer Discretionary). PlayAGS designs and manufactures electronic gaming machines and reported a significant miss in their quarterly earnings report. Management of the company identified softness in their Oklahoma casinos as the source of the underperformance. Hexcel has a proprietary process for carbon composite fibers used in aircraft fuselages and wings. The stock has been negatively affected by the collapse in air travel. KAR Auction Services provides whole car auction services in North America primarily for used vehicles.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Fund Overview – (continued)
October 31, 2020 (Unaudited)
Derivatives were not used in the Fund during the period and therefore did not impact performance during the period.
During the period, we invested the Fund’s assets in a combination of stock types, which included stocks that we categorize as follows: “Steady Eddies” (companies that we believe have stable growth characteristics and slower but more predictable revenues and earnings patterns), “Turnarounds” (companies that we believe have experienced business or operational difficulties but may potentially have a catalyst to help them return to a growth path), and “Mispriced Growth” (companies that we believe have unrecognized or under-appreciated growth dynamics that should be rewarded over time). As noted above, the “Steady Eddies” in the Fund lagged during the downturn and as a result, lagged the Russell 2000 Index for the full twelve-month period. The “Turnarounds” category of stocks lagged the Russell 2000 Index for the full twelve-month period. The “Mispriced Growth” category of stocks was the only group to outperform the Russell 2000 Index for the period.
What is the outlook as of the end of the period?
As of the end of the period, we are encouraged that there are signs that the dominance of large cap over small cap may be slowing, as well as the leadership of growth over value. We believe that if both of these developments persist, they should likely benefit our investment style.
We believe that the markets are at a critical juncture, with the timing of further fiscal stimulus hanging in the balance of a contentious election cycle. The market response will likely depend on fiscal stimulus progress, greater certainty around the election outcome, and vaccine progress.
The U.S. consumer needs additional help, in our view. Unemployment is at high levels as new unemployment claims are increasing. This likely indicates that the benefits of the stimulus payments have been mostly exhausted. As of the end of the period, coronavirus infections have reached new heights as winter approaches. New restrictions on travel and gatherings are being proposed and/or enacted.
The signs of a nascent recovery are encouraging, but we are not anticipating a straight path to a return to normal. The shorter-term views are in flux and somewhat disconnected from fundamentals in the near term. Our longer term view is that we remain confident in the resilience of the American economy and its ability to adapt to a new normal. We continue to look to invest in companies with sound businesses and good long-term prospects, and we are confident that highly profitable, cash-generative companies will be rewarded as this cycle normalizes.
Important Risks
Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Small-cap securities can have greater risks and volatility than large-cap securities.
Composition by Sector(1)
as of 10/31/2020
| | | | |
| Sector | | Percentage of
Net Assets | |
Equity Securities | |
Communication Services | | | 1.8 | % |
Consumer Discretionary | | | 11.0 | |
Consumer Staples | | | 4.2 | |
Energy | | | 1.1 | |
Financials | | | 17.6 | |
Health Care | | | 13.6 | |
Industrials | | | 15.3 | |
Information Technology | | | 16.9 | |
Materials | | | 8.7 | |
Real Estate | | | 3.2 | |
Utilities | | | 2.5 | |
| | | | |
Total | | | 95.9 | % |
| | | | |
Short-Term Investments | | | 4.9 | |
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. |
Benchmark Glossary (Unaudited)
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.
ICE BofA US ABS & CMBS Index (reflects no deduction for fees, expenses or taxes) tracks the performance of US dollar denominated investment grade fixed and floating rate asset backed securities and fixed rate commercial mortgage backed securities publicly issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch), at least one year remaining term to final stated maturity and at least one month to the last expected cash flow. 144a securities qualify for inclusion in the Index. Callable perpetual securities qualify provided they are at least one year from the first call date. Inverse floating rate, interest only and principal only tranches of qualifying deals are excluded from the Index as are all tranches of re-securitized deals.
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.
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 Emerging Markets Blended Index (JEMB) — Equal Weighted (reflects no deduction for fees, expenses or taxes) is a blended index produced by JP Morgan that is comprised of 1/3 JP Morgan GBI Emerging Markets Global Diversified Index, 1/3 JP Morgan EMBI Global Diversified Index, and 1/3 JP Morgan CEMBI Broad Diversified Index. The JEMB — Equal Weighted is designed to blend U.S. dollar and local currency denominated sovereign, quasi-sovereign and corporate bonds in equal proportion.
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.
MSCI All Country World (ACWI) ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.
MSCI All Country World (ACWI) 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.
MSCI China A Onshore 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 China securities listed on the Shanghai and Shenzhen exchanges. The index covers only those securities that are accessible through “Stock Connect”.
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.
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.
Russell 2500 Index (reflects no deduction for fees, expenses or taxes) is designed to measure 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 that is designed to measure the performance of the 2,500 smallest U.S. companies based on a combination of their market capitalization and current index membership.
Russell Midcap Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Index is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.
S&P/LSTA Leveraged Loan Index (reflects no deduction for fees, expenses or taxes) is a market-value-weighted index that is designed to measure the performance of the U.S. leveraged loan market based upon market weightings, spreads and interest payments.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
Expense Examples (Unaudited)
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.
Actual Expenses
The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During The Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Annualized
expense
ratio | |
Hartford Schroders China A Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,394.40 | | | $ | 7.70 | | | $ | 1,000.00 | | | $ | 1,018.70 | | | $ | 6.50 | | | | 1.28 | % |
Class C | | $ | 1,000.00 | | | $ | 1,387.00 | | | $ | 13.32 | | | $ | 1,000.00 | | | $ | 1,013.98 | | | $ | 11.24 | | | | 2.22 | % |
Class I | | $ | 1,000.00 | | | $ | 1,396.30 | | | $ | 6.93 | | | $ | 1,000.00 | | | $ | 1,019.36 | | | $ | 5.84 | | | | 1.15 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,395.00 | | | $ | 6.56 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.53 | | | | 1.09 | % |
Class F | | $ | 1,000.00 | | | $ | 1,395.90 | | | $ | 5.96 | | | $ | 1,000.00 | | | $ | 1,020.16 | | | $ | 5.03 | | | | 0.99 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,395.90 | | | $ | 5.96 | | | $ | 1,000.00 | | | $ | 1,020.16 | | | $ | 5.03 | | | | 0.99 | % |
| | | | | | |
Hartford Schroders Emerging Markets Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,249.60 | | | $ | 9.05 | | | $ | 1,000.00 | | | $ | 1,017.09 | | | $ | 8.11 | | | | 1.60 | % |
Class C | | $ | 1,000.00 | | | $ | 1,245.80 | | | $ | 12.19 | | | $ | 1,000.00 | | | $ | 1,014.28 | | | $ | 10.94 | | | | 2.16 | % |
Class I | | $ | 1,000.00 | | | $ | 1,251.50 | | | $ | 7.24 | | | $ | 1,000.00 | | | $ | 1,018.70 | | | $ | 6.50 | | | | 1.28 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,248.90 | | | $ | 9.78 | | | $ | 1,000.00 | | | $ | 1,016.44 | | | $ | 8.77 | | | | 1.73 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,250.20 | | | $ | 8.09 | | | $ | 1,000.00 | | | $ | 1,017.95 | | | $ | 7.25 | | | | 1.43 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,251.50 | | | $ | 6.90 | | | $ | 1,000.00 | | | $ | 1,019.00 | | | $ | 6.19 | | | | 1.22 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,252.70 | | | $ | 6.74 | | | $ | 1,000.00 | | | $ | 1,019.15 | | | $ | 6.04 | | | | 1.19 | % |
Class F | | $ | 1,000.00 | | | $ | 1,252.90 | | | $ | 6.17 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.53 | | | | 1.09 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,252.40 | | | $ | 6.17 | | | $ | 1,000.00 | | | $ | 1,019.66 | | | $ | 5.53 | | | | 1.09 | % |
| | | | | |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,151.90 | | | $ | 6.22 | | | $ | 1,000.00 | | | $ | 1,019.36 | | | $ | 5.84 | | | | 1.15 | % |
Class C | | $ | 1,000.00 | | | $ | 1,148.10 | | | $ | 10.26 | | | $ | 1,000.00 | | | $ | 1,015.59 | | | $ | 9.63 | | | | 1.90 | % |
Class I | | $ | 1,000.00 | | | $ | 1,154.20 | | | $ | 4.33 | | | $ | 1,000.00 | | | $ | 1,021.12 | | | $ | 4.06 | | | | 0.80 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,150.90 | | | $ | 7.19 | | | $ | 1,000.00 | | | $ | 1,018.45 | | | $ | 6.75 | | | | 1.33 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,154.80 | | | $ | 4.71 | | | $ | 1,000.00 | | | $ | 1,020.76 | | | $ | 4.42 | | | | 0.87 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,154.00 | | | $ | 4.60 | | | $ | 1,000.00 | | | $ | 1,020.86 | | | $ | 4.32 | | | | 0.85 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,154.60 | | | $ | 4.06 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Class F | | $ | 1,000.00 | | | $ | 1,152.30 | | | $ | 5.03 | | | $ | 1,000.00 | | | $ | 1,020.46 | | | $ | 4.72 | | | | 0.93 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,154.60 | | | $ | 4.06 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Expense Examples (Unaudited) – (continued)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Actual Return | | | Hypothetical (5% return before expenses) | |
| | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Beginning
Account Value
May 1, 2020 | | | Ending
Account Value
October 31, 2020 | | | Expenses paid
during the period
May 1, 2020
through
October 31, 2020 | | | Annualized
expense
ratio | |
| | | | | |
Hartford Schroders International Multi-Cap Value Fund | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,064.80 | | | $ | 5.86 | | | $ | 1,000.00 | | | $ | 1,019.46 | | | $ | 5.74 | | | | 1.13 | % |
Class C | | $ | 1,000.00 | | | $ | 1,061.30 | | | $ | 9.59 | | | $ | 1,000.00 | | | $ | 1,015.84 | | | $ | 9.37 | | | | 1.85 | % |
Class I | | $ | 1,000.00 | | | $ | 1,066.40 | | | $ | 4.42 | | | $ | 1,000.00 | | | $ | 1,020.86 | | | $ | 4.32 | | | | 0.85 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,063.30 | | | $ | 7.73 | | | $ | 1,000.00 | | | $ | 1,017.65 | | | $ | 7.56 | | | | 1.49 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,064.90 | | | $ | 6.18 | | | $ | 1,000.00 | | | $ | 1,019.15 | | | $ | 6.04 | | | | 1.19 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,066.30 | | | $ | 4.57 | | | $ | 1,000.00 | | | $ | 1,020.71 | | | $ | 4.47 | | | | 0.88 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,066.60 | | | $ | 4.26 | | | $ | 1,000.00 | | | $ | 1,021.01 | | | $ | 4.17 | | | | 0.82 | % |
Class F | | $ | 1,000.00 | | | $ | 1,068.30 | | | $ | 3.95 | | | $ | 1,000.00 | | | $ | 1,021.32 | | | $ | 3.86 | | | | 0.76 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,065.60 | | | $ | 4.00 | | | $ | 1,000.00 | | | $ | 1,021.27 | | | $ | 3.91 | | | | 0.77 | % |
| | | | | | |
Hartford Schroders International Stock Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,201.40 | | | $ | 6.20 | | | $ | 1,000.00 | | | $ | 1,019.51 | | | $ | 5.69 | | | | 1.12 | % |
Class C | | $ | 1,000.00 | | | $ | 1,197.00 | | | $ | 10.16 | | | $ | 1,000.00 | | | $ | 1,015.89 | | | $ | 9.32 | | | | 1.84 | % |
Class I | | $ | 1,000.00 | | | $ | 1,202.60 | | | $ | 4.60 | | | $ | 1,000.00 | | | $ | 1,020.96 | | | $ | 4.22 | | | | 0.83 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,199.80 | | | $ | 8.13 | | | $ | 1,000.00 | | | $ | 1,017.75 | | | $ | 7.46 | | | | 1.47 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,201.20 | | | $ | 6.42 | | | $ | 1,000.00 | | | $ | 1,019.31 | | | $ | 5.89 | | | | 1.16 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,202.50 | | | $ | 4.71 | | | $ | 1,000.00 | | | $ | 1,020.86 | | | $ | 4.32 | | | | 0.85 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,203.80 | | | $ | 4.60 | | | $ | 1,000.00 | | | $ | 1,020.96 | | | $ | 4.22 | | | | 0.83 | % |
Class F | | $ | 1,000.00 | | | $ | 1,204.20 | | | $ | 4.16 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,203.30 | | | $ | 4.15 | | | $ | 1,000.00 | | | $ | 1,021.37 | | | $ | 3.81 | | | | 0.75 | % |
| | | | | | |
Hartford Schroders Securitized Income Fund(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,073.80 | | | $ | 5.58 | | | $ | 1,000.00 | | | $ | 1,019.76 | | | $ | 5.43 | | | | 1.07 | % |
Class C | | $ | 1,000.00 | | | $ | 1,067.60 | | | $ | 11.86 | | | $ | 1,000.00 | | | $ | 1,016.59 | | | $ | 8.62 | | | | 1.70 | % |
Class I | | $ | 1,000.00 | | | $ | 1,075.00 | | | $ | 5.53 | | | $ | 1,000.00 | | | $ | 1,019.81 | | | $ | 5.38 | | | | 1.06 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,074.30 | | | $ | 5.27 | | | $ | 1,000.00 | | | $ | 1,020.06 | | | $ | 5.13 | | | | 1.01 | % |
Class F | | $ | 1,000.00 | | | $ | 1,074.60 | | | $ | 5.37 | | | $ | 1,000.00 | | | $ | 1,019.96 | | | $ | 5.23 | | | | 1.03 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,073.40 | | | $ | 5.99 | | | $ | 1,000.00 | | | $ | 1,019.36 | | | $ | 5.84 | | | | 1.15 | % |
| | | | | | |
Hartford Schroders Tax-Aware Bond Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,035.00 | | | $ | 3.63 | | | $ | 1,000.00 | | | $ | 1,021.57 | | | $ | 3.61 | | | | 0.71 | % |
Class C | | $ | 1,000.00 | | | $ | 1,030.90 | | | $ | 7.96 | | | $ | 1,000.00 | | | $ | 1,017.29 | | | $ | 7.91 | | | | 1.56 | % |
Class I | | $ | 1,000.00 | | | $ | 1,036.20 | | | $ | 2.51 | | | $ | 1,000.00 | | | $ | 1,022.67 | | | $ | 2.49 | | | | 0.49 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,035.80 | | | $ | 2.87 | | | $ | 1,000.00 | | | $ | 1,022.32 | | | $ | 2.85 | | | | 0.56 | % |
Class F | | $ | 1,000.00 | | | $ | 1,036.40 | | | $ | 2.35 | | | $ | 1,000.00 | | | $ | 1,022.82 | | | $ | 2.34 | | | | 0.46 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,036.40 | | | $ | 2.35 | | | $ | 1,000.00 | | | $ | 1,022.82 | | | $ | 2.34 | | | | 0.46 | % |
| | | | | | |
Hartford Schroders US MidCap Opportunities Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,121.60 | | | $ | 6.29 | | | $ | 1,000.00 | | | $ | 1,019.20 | | | $ | 5.99 | | | | 1.18 | % |
Class C | | $ | 1,000.00 | | | $ | 1,118.10 | | | $ | 10.22 | | | $ | 1,000.00 | | | $ | 1,015.48 | | | $ | 9.73 | | | | 1.92 | % |
Class I | | $ | 1,000.00 | | | $ | 1,123.50 | | | $ | 4.80 | | | $ | 1,000.00 | | | $ | 1,020.61 | | | $ | 4.57 | | | | 0.90 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,120.10 | | | $ | 8.15 | | | $ | 1,000.00 | | | $ | 1,017.45 | | | $ | 7.76 | | | | 1.53 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,122.00 | | | $ | 6.67 | | | $ | 1,000.00 | | | $ | 1,018.85 | | | $ | 6.34 | | | | 1.25 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,123.00 | | | $ | 5.02 | | | $ | 1,000.00 | | | $ | 1,020.41 | | | $ | 4.77 | | | | 0.94 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,122.90 | | | $ | 4.91 | | | $ | 1,000.00 | | | $ | 1,020.51 | | | $ | 4.67 | | | | 0.92 | % |
Class F | | $ | 1,000.00 | | | $ | 1,124.30 | | | $ | 4.38 | | | $ | 1,000.00 | | | $ | 1,021.01 | | | $ | 4.17 | | | | 0.82 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,123.20 | | | $ | 4.38 | | | $ | 1,000.00 | | | $ | 1,021.01 | | | $ | 4.17 | | | | 0.82 | % |
| | | | | |
Hartford Schroders US Small Cap Opportunities Fund | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Class A | | $ | 1,000.00 | | | $ | 1,164.70 | | | $ | 7.35 | | | $ | 1,000.00 | | | $ | 1,018.35 | | | $ | 6.85 | | | | 1.35 | % |
Class C | | $ | 1,000.00 | | | $ | 1,160.20 | | | $ | 11.40 | | | $ | 1,000.00 | | | $ | 1,014.58 | | | $ | 10.63 | | | | 2.10 | % |
Class I | | $ | 1,000.00 | | | $ | 1,166.00 | | | $ | 5.83 | | | $ | 1,000.00 | | | $ | 1,019.76 | | | $ | 5.43 | | | | 1.07 | % |
Class R3 | | $ | 1,000.00 | | | $ | 1,162.50 | | | $ | 9.19 | | | $ | 1,000.00 | | | $ | 1,016.64 | | | $ | 8.57 | | | | 1.69 | % |
Class R4 | | $ | 1,000.00 | | | $ | 1,164.50 | | | $ | 7.45 | | | $ | 1,000.00 | | | $ | 1,018.25 | | | $ | 6.95 | | | | 1.37 | % |
Class R5 | | $ | 1,000.00 | | | $ | 1,165.60 | | | $ | 5.77 | | | $ | 1,000.00 | | | $ | 1,019.81 | | | $ | 5.38 | | | | 1.06 | % |
Class Y | | $ | 1,000.00 | | | $ | 1,166.40 | | | $ | 5.72 | | | $ | 1,000.00 | | | $ | 1,019.86 | | | $ | 5.33 | | | | 1.05 | % |
Class F | | $ | 1,000.00 | | | $ | 1,166.70 | | | $ | 5.17 | | | $ | 1,000.00 | | | $ | 1,020.36 | | | $ | 4.82 | | | | 0.95 | % |
Class SDR | | $ | 1,000.00 | | | $ | 1,166.50 | | | $ | 5.17 | | | $ | 1,000.00 | | | $ | 1,020.36 | | | $ | 4.82 | | | | 0.95 | % |
| (1) | Expenses include interest expenses and the impact of certain non-contractual waivers. Please see the fee table in the current prospectus for purposes of evaluating the expenses of each share class. |
|
| Hartford Schroders China A Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 92.6% | |
| | | | Automobiles & Components - 1.5% | |
| | 25,800 | | | Huayu Automotive Systems Co., Ltd. Class A | | $ | 120,018 | |
| | | | | | | | |
| | | | Banks - 5.3% | |
| | 39,500 | | | China Merchants Bank Co., Ltd. Class A | | | 235,059 | |
| | 66,900 | | | Industrial Bank Co., Ltd. Class A | | | 177,979 | |
| | | | | | | | |
| | | | | | | 413,038 | |
| | | | | | | | |
| | | | Capital Goods - 15.0% | |
| | 21,497 | | | Eve Energy Co., Ltd. Class A | | | 171,417 | |
| | 31,600 | | | Hongfa Technology Co., Ltd. Class A | | | 243,200 | |
| | 11,308 | | | Jiangsu Hengli Hydraulic Co., Ltd. Class A | | | 128,011 | |
| | 13,700 | | | Shenzhen Inovance Technology Co., Ltd. Class A | | | 131,702 | |
| | 45,800 | | | Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A | | | 67,627 | |
| | 46,300 | | | Weichai Power Co., Ltd. Class A | | | 104,778 | |
| | 181,100 | | | XCMG Construction Machinery Co., Ltd. Class A | | | 145,248 | |
| | 48,800 | | | Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A | | | 178,840 | |
| | | | | | | | |
| | | | | | | 1,170,823 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 10.5% | |
| | 9,700 | | | Huizhou Desay Sv Automotive Co., Ltd. Class A | | | 98,847 | |
| | 28,100 | | | Midea Group Co., Ltd. Class A | | | 327,933 | |
| | 50,700 | | | NavInfo Co., Ltd. Class A | | | 107,786 | |
| | 15,591 | | | Oppein Home Group, Inc. Class A | | | 286,669 | |
| | | | | | | | |
| | | | | | | 821,235 | |
| | | | | | | | |
| | | | Diversified Financials - 1.6% | |
| | 6,200 | | | Hithink RoyalFlush Information Network Co., Ltd. Class A | | | 125,453 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 6.4% | |
| | 28,208 | | | Anhui Kouzi Distillery Co., Ltd. Class A | | | 231,205 | |
| | 22,400 | | | Chacha Food Co., Ltd. Class A | | | 199,040 | |
| | 2,980 | | | Foshan Haitian Flavouring & Food Co., Ltd. Class A | | | 71,322 | |
| | | | | | | | |
| | | | | | | 501,567 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 2.3% | |
| | 37,900 | | | Shanghai Kinetic Medical Co., Ltd. Class A | | | 107,247 | |
| | 26,000 | | | Winning Health Technology Group Co., Ltd. Class A | | | 69,192 | |
| | | | | | | | |
| | | | | | | 176,439 | |
| | | | | | | | |
| | | | Household & Personal Products - 1.4% | |
| | 23,800 | | | Opple Lighting Co., Ltd. Class A | | | 106,615 | |
| | | | | | | | |
| | | | Insurance - 7.6% | |
| | 51,400 | | | Ping An Insurance Group Co., of China Ltd. Class A | | | 598,172 | |
| | | | | | | | |
| | | | Materials - 13.7% | |
| | 79,500 | | | China Jushi Co., Ltd. Class A | | | 165,992 | |
| | 58,364 | | | Chongqing Zaisheng Technology Co., Ltd. Class A | | | 134,032 | |
| | 29,300 | | | Citic Pacific Special Steel Group Co., Ltd. Class A | | | 70,718 | |
| | 33,180 | | | Hengli Petrochemical Co., Ltd. Class A | | | 95,821 | |
| | 46,200 | | | Lomon Billions Group Co., Ltd. Class A | | | 171,104 | |
| | 34,900 | | | Shandong Sinocera Functional Material Co., Ltd. Class A | | | 214,362 | |
| | 5,660 | | | Skshu Paint Co., Ltd. Class A | | | 125,434 | |
| | 8,200 | | | Wanhua Chemical Group Co., Ltd. Class A | | | 96,398 | |
| | | | | | | | |
| | | | | | | 1,073,861 | |
| | | | | | | | |
| | | | Media & Entertainment - 1.7% | |
| | 12,100 | | | Mango Excellent Media Co., Ltd. Class A | | | 134,294 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 4.1% | |
| | 5,880 | | | Jiangsu Hengrui Medicine Co., Ltd. Class A | | | 78,207 | |
| | 22,889 | | | Livzon Pharmaceutical Group, Inc. Class A | | | 165,712 | |
| | 4,800 | | | WuXi AppTec Co., Ltd. Class A | | | 81,086 | |
| | | | | | | | |
| | | | | | | 325,005 | |
| | | | | | | | |
| | | | Real Estate - 2.9% | |
| | 21,500 | | | China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A | | | 45,257 | |
| | 13,800 | | | China Vanke Co., Ltd. Class A | | | 56,907 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 92.6% - (continued) | |
| | | | Real Estate - 2.9% - (continued) | |
| | 52,900 | | | Poly Developments and Holdings Group Co., Ltd. Class A | | $ | 121,612 | |
| | | | | | | | |
| | | | | | | 223,776 | |
| | | | | | | | |
| | | | Software & Services - 2.4% | |
| | 16,600 | | | Beijing Sinnet Technology Co., Ltd. Class A | | | 47,429 | |
| | 14,500 | | | Venustech Group, Inc. Class A | | | 67,080 | |
| | 7,700 | | | Wondershare Technology Group Co., Ltd. Class A | | | 72,380 | |
| | | | | | | | |
| | | | | | | 186,889 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 14.4% | |
| | 5,300 | | | Guangzhou Shiyuan Electronic Technology Co., Ltd. Class A | | | 81,470 | |
| | 5,000 | | | Quectel Wireless Solutions Co., Ltd. Class A | | | 136,923 | |
| | 39,100 | | | Shengyi Technology Co., Ltd. Class A | | | 140,086 | |
| | 31,100 | | | Shenzhen Sunlord Electronics Co., Ltd. Class A | | | 120,064 | |
| | 30,380 | | | Unisplendour Corp. Ltd. Class A | | | 100,014 | |
| | 6,450 | | | Wuhan Raycus Fiber Laser Technologies Co., Ltd. Class A | | | 72,167 | |
| | 39,500 | | | WUS Printed Circuit Kunshan Co., Ltd. Class A | | | 108,962 | |
| | 19,800 | | | Wuxi Lead Intelligent Equipment Co., Ltd. Class A | | | 177,691 | |
| | 14,100 | | | Xiamen Faratronic Co., Ltd. Class A | | | 189,189 | |
| | | | | | | | |
| | | | | | | 1,126,566 | |
| | | | | | | | |
| | | | Transportation - 1.0% | |
| | 6,300 | | | SF Holding Co., Ltd. Class A | | | 78,037 | |
| | | | | | | | |
| | | | Utilities - 0.8% | |
| | 55,100 | | | Shenzhen Gas Corp. Ltd. Class A | | | 60,647 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $5,643,446) | | $ | 7,242,435 | |
| | | | | | | | |
|
| WARRANTS - 7.8% | |
| | | | Consumer Durables & Apparel - 3.6% | |
| | 1,413 | | | Beijing Roborock Technology Co., Ltd.* | | $ | 171,414 | |
| | 7,700 | | | Qingdao Richen Food Co., Ltd.* | | | 77,808 | |
| | 6,400 | | | Shanghai Milkground Food Tech Co., Ltd.* | | | 33,357 | |
| | | | | | | | |
| | | | | | | 282,579 | |
| | | | | | | | |
| | | | Materials - 3.1% | | | |
| | 26,252 | | | Chongqing Zaisheng Technology Corp. Ltd.
Expires 04/30/2021* | | | 60,170 | |
| | 10,063 | | | Jiangsu Cnano Technology Co., Ltd.* | | | 65,558 | |
| | 1,221 | | | Micro-Tech Nanjing Co., Ltd.* | | | 38,002 | |
| | 12,400 | | | Sinoseal Holding Co., Ltd.* | | | 75,950 | |
| | | | | | | | |
| | | | | | | 239,680 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 1.1% | |
| | 2,850 | | | Gongniu Group Co., Ltd.* | | | 84,455 | |
| | | | | | | | |
| | |
| | | | Total Warrants
(cost $467,534) | | $ | 606,714 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $6,110,980) | | $ | 7,849,149 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 0.5% | |
| | | | Other Investment Pools & Funds - 0.5% | |
| | 42,283 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(1) | | $ | 42,283 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $42,283) | | $ | 42,283 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | Total Investments
(cost $6,153,263) | | | 100.9 | % | | $ | 7,891,432 | |
| | | | Other Assets and Liabilities | | | (0.9 | )% | | | (69,721 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 7,821,711 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders China A Fund |
Schedule of Investments – (continued)
October 31, 2020
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobiles & Components | | $ | 120,018 | | | $ | — | | | $ | 120,018 | | | $ | — | |
Banks | | | 413,038 | | | | — | | | | 413,038 | | | | — | |
Capital Goods | | | 1,170,823 | | | | — | | | | 1,170,823 | | | | — | |
Consumer Durables & Apparel | | | 821,235 | | | | — | | | | 821,235 | | | | — | |
Diversified Financials | | | 125,453 | | | | — | | | | 125,453 | | | | — | |
Food, Beverage & Tobacco | | | 501,567 | | | | — | | | | 501,567 | | | | — | |
Health Care Equipment & Services | | | 176,439 | | | | — | | | | 176,439 | | | | — | |
Household & Personal Products | | | 106,615 | | | | — | | | | 106,615 | | | | — | |
Insurance | | | 598,172 | | | | — | | | | 598,172 | | | | — | |
Materials | | | 1,073,861 | | | | — | | | | 1,073,861 | | | | — | |
Media & Entertainment | | | 134,294 | | | | — | | | | 134,294 | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 325,005 | | | | — | | | | 325,005 | | | | — | |
Real Estate | | | 223,776 | | | | — | | | | 223,776 | | | | — | |
Software & Services | | | 186,889 | | | | — | | | | 186,889 | | | | — | |
Technology Hardware & Equipment | | | 1,126,566 | | | | — | | | | 1,126,566 | | | | — | |
Transportation | | | 78,037 | | | | — | | | | 78,037 | | | | — | |
Utilities | | | 60,647 | | | | — | | | | 60,647 | | | | — | |
Warrants | | | 606,714 | | | | 606,714 | | | | — | | | | — | |
Short-Term Investments | | | 42,283 | | | | 42,283 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 7,891,432 | | | $ | 648,997 | | | $ | 7,242,435 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the period ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% | |
| | | | Argentina - 0.4% | |
| | 15,078 | | | MercadoLibre, Inc.* | | $ | 18,305,446 | |
| | | | | | | | |
| | | | Brazil - 6.2% | |
| | 2,449,574 | | | B3 S.A. - Brasil Bolsa Balcao | | | 21,793,629 | |
| | 3,559,426 | | | Duratex S.A. | | | 11,891,738 | |
| | 5,933,018 | | | Equatorial Energia S.A. | | | 20,607,542 | |
| | 14,004,352 | | | Itau Unibanco Holding S.A. ADR | | | 57,277,800 | |
| | 2,838,384 | | | Klabin S.A. | | | 11,743,434 | |
| | 3,523,437 | | | Lojas Americanas S.A. | | | 14,264,579 | |
| | 4,463,089 | | | Lojas Renner S.A. | | | 29,129,338 | |
| | 333,850 | | | Pagseguro Digital Ltd. Class A* | | | 12,222,248 | |
| | 6,372,390 | | | Raia Drogasil S.A. | | | 26,720,293 | |
| | 2,451,460 | | | Vale S.A. ADR | | | 25,911,932 | |
| | 2,195,260 | | | WEG S.A. | | | 29,011,505 | |
| | | | | | | | |
| | | | | | | 260,574,038 | |
| | | | | | | | |
| | | | Chile - 0.5% | |
| | 1,397,633 | | | Banco Santander Chile ADR | | | 19,399,146 | |
| | | | | | | | |
| | | | China - 37.0% | |
| | 150,582 | | | 51job, Inc. ADR* | | | 10,555,798 | |
| | 1,181,422 | | | Alibaba Group Holding Ltd. ADR* | | | 359,967,469 | |
| | 283,450 | | | Ant Group Co., Ltd. Class H | | | 2,954,467 | |
| | 5,397,600 | | | Centre Testing International Group Co., Ltd. Class A | | | 21,765,436 | |
| | 14,854,000 | | | China Mengniu Dairy Co., Ltd.* | | | 70,026,425 | |
| | 4,579,600 | | | China Pacific Insurance Group Co., Ltd. Class H | | | 14,331,689 | |
| | 49,052,000 | | | CNOOC Ltd. | | | 44,880,406 | |
| | 2,000,100 | | | ENN Energy Holdings Ltd. | | | 25,313,466 | |
| | 3,350,442 | | | Huayu Automotive Systems Co., Ltd. Class A | | | 15,585,802 | |
| | 1,656,355 | | | JD.com, Inc. ADR* | | | 135,026,060 | |
| | 6,613,500 | | | Li Ning Co., Ltd. | | | 34,469,161 | |
| | 6,838,828 | | | Midea Group Co., Ltd. Class A | | | 79,810,510 | |
| | 227,431 | | | New Oriental Education & Technology Group, Inc. ADR* | | | 36,475,384 | |
| | 1,444,398 | | | Oppein Home Group, Inc. Class A | | | 26,557,941 | |
| | 9,465,000 | | | Ping An Insurance Group Co., of China Ltd. Class H | | | 97,865,009 | |
| | 3,777,900 | | | Shenzhou International Group Holdings Ltd. | | | 65,733,064 | |
| | 4,802,200 | | | Tencent Holdings Ltd. | | | 366,915,012 | |
| | 2,775,293 | | | Tencent Music Entertainment Group ADR* | | | 41,296,360 | |
| | 4,631,900 | | | Weichai Power Co., Ltd. Class A | | | 10,482,141 | |
| | 2,349,000 | | | Weichai Power Co., Ltd. Class H | | | 4,454,368 | |
| | 1,615,500 | | | Wuxi Biologics Cayman, Inc.*(1) | | | 45,369,232 | |
| | 427,560 | | | Yum China Holdings, Inc. | | | 22,759,019 | |
| | 1,755,787 | | | Zhejiang Supor Co., Ltd. Class A | | | 18,531,058 | |
| | | | | | | | |
| | | | | | | 1,551,125,277 | |
| | | | | | | | |
| | | | Colombia - 0.1% | |
| | 219,473 | | | Bancolombia S.A. ADR | | | 5,594,367 | |
| | | | | | | | |
| | | | Egypt - 0.4% | |
| | 4,034,201 | | | Commercial International Bank Egypt S.A.E. GDR | | | 15,561,454 | |
| | | | | | | | |
| | | | Greece - 0.2% | |
| | 751,583 | | | Hellenic Telecommunications Organization S.A. | | | 9,967,273 | |
| | | | | | | | |
| | | | Hong Kong - 3.7% | |
| | 7,593,800 | | | AIA Group Ltd. | | | 72,271,511 | |
| | 5,727,500 | | | China Mobile Ltd. | | | 35,032,480 | |
| | 5,568,000 | | | China Resources Beer Holdings Co., Ltd. | | | 34,547,083 | |
| | 6,142,000 | | | Hang Lung Properties Ltd. | | | 14,952,629 | |
| | | | | | | | |
| | | | | | | 156,803,703 | |
| | | | | | | | |
| | | | Hungary - 1.2% | |
| | 584,831 | | | MOL Hungarian Oil & Gas plc* | | | 2,839,893 | |
| | 894,888 | | | OTP Bank Nyrt* | | | 27,915,644 | |
| | 980,784 | | | Richter Gedeon Nyrt | | | 20,025,112 | |
| | | | | | | | |
| | | | | | | 50,780,649 | |
| | | | | | | | |
| | | | India - 4.1% | |
| | 3,684,344 | | | Bharti Airtel Ltd. | | | 21,542,475 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% - (continued) | |
| | | | India - 4.1% - (continued) | |
| | 2,936,102 | | | HDFC Bank Ltd.* | | $ | 46,889,360 | |
| | 6,994,562 | | | ICICI Bank Ltd.* | | | 36,791,657 | |
| | 713,772 | | | Reliance Industries Ltd. | | | 19,789,161 | |
| | 1,340,434 | | | Tata Consultancy Services Ltd. | | | 48,309,837 | |
| | | | | | | | |
| | | | | | | 173,322,490 | |
| | | | | | | | |
| | | | Kuwait - 0.2% | |
| | 2,835,867 | | | National Bank of Kuwait SAKP | | | 7,835,710 | |
| | | | | | | | |
| | | | Luxembourg - 0.4% | |
| | 746,189 | | | Ternium S.A. ADR* | | | 14,938,704 | |
| | | | | | | | |
| | | | Mexico - 0.2% | |
| | 2,212,737 | | | Grupo Financiero Banorte S.A.B. de C.V. Class O* | | | 9,868,464 | |
| | | | | | | | |
| | | | Pakistan - 0.1% | |
| | 3,442,700 | | | Habib Bank Ltd. | | | 2,796,065 | |
| | 2,668,800 | | | United Bank Ltd. | | | 1,824,198 | |
| | | | | | | | |
| | | | | | | 4,620,263 | |
| | | | | | | | |
| | | | Peru - 0.2% | |
| | 65,272 | | | Credicorp Ltd. | | | 7,485,393 | |
| | | | | | | | |
| | | | Poland - 0.6% | |
| | 822,744 | | | KGHM Polska Miedz S.A.* | | | 24,618,204 | |
| | | | | | | | |
| | | | Russia - 5.5% | |
| | 794,034 | | | LUKOIL PJSC ADR | | | 40,608,249 | |
| | 211,667 | | | Magnit PJSC | | | 12,568,872 | |
| | 2,731,827 | | | Moscow Exchange MICEX-RTS PJSC* | | | 4,605,314 | |
| | 377,944 | | | Novatek PJSC GDR | | | 45,569,896 | |
| | 85,074 | | | Polyus PJSC* | | | 16,653,580 | |
| | 74,118 | | | Polyus PJSC GDR | | | 7,290,178 | |
| | 6,287,193 | | | Sberbank of Russia PJSC ADR | | | 63,509,602 | |
| | 387,160 | | | X5 Retail Group N.V. GDR | | | 13,608,503 | |
| | 419,960 | | | Yandex N.V. Class A* | | | 24,177,097 | |
| | | | | | | | |
| | | | | | | 228,591,291 | |
| | | | | | | | |
| | | | Singapore - 0.4% | |
| | 101,355 | | | Sea Ltd. ADR* | | | 15,983,683 | |
| | | | | | | | |
| | | | South Africa - 5.1% | |
| | 412,252 | | | Aspen Pharmacare Holdings Ltd.* | | | 2,684,595 | |
| | 1,881,765 | | | AVI Ltd. | | | 8,504,728 | |
| | 22,696,183 | | | FirstRand Ltd. | | | 52,685,244 | |
| | 1,854,972 | | | Foschini Group Ltd. | | | 9,878,084 | |
| | 1,260,112 | | | Gold Fields Ltd. ADR | | | 13,773,024 | |
| | 3,307,269 | | | Impala Platinum Holdings Ltd. | | | 29,435,754 | |
| | 1,900,746 | | | MultiChoice Group Ltd. | | | 15,675,224 | |
| | 412,158 | | | Naspers Ltd. Class N | | | 80,464,546 | |
| | | | | | | | |
| | | | | | | 213,101,199 | |
| | | | | | | | |
| | | | South Korea - 15.5% | |
| | 1,079,203 | | | Hana Financial Group, Inc. | | | 29,151,932 | |
| | 233,765 | | | Hyundai Mobis Co., Ltd. | | | 46,837,978 | |
| | 68,468 | | | Korea Zinc Co., Ltd. | | | 23,156,375 | |
| | 81,603 | | | LG Chem Ltd. | | | 44,496,567 | |
| | 321,449 | | | LG Electronics, Inc. | | | 23,896,340 | |
| | 228,161 | | | NAVER Corp. | | | 58,379,756 | |
| | 3,859,168 | | | Samsung Electronics Co., Ltd. | | | 193,983,428 | |
| | 166,015 | | | Samsung Fire & Marine Insurance Co., Ltd. | | | 26,249,625 | |
| | 118,595 | | | Samsung SDI Co., Ltd. | | | 46,718,870 | |
| | 2,233,365 | | | SK Hynix, Inc. | | | 158,441,275 | |
| | | | | | | | |
| | | | | | | 651,312,146 | |
| | | | | | | | |
| | | | Taiwan - 13.8% | |
| | 2,708,000 | | | Accton Technology Corp. | | | 19,674,403 | |
| | 9,725,036 | | | ASE Technology Holding, Co., Ltd. | | | 21,828,475 | |
| | 40,239,000 | | | CTBC Financial Holding Co., Ltd. | | | 25,411,326 | |
| | 8,578,000 | | | Delta Electronics, Inc. | | | 57,073,016 | |
| | 22,822,000 | | | Hon Hai Precision Industry Co., Ltd. | | | 61,896,235 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 96.8% - (continued) | |
| | | | Taiwan - 13.8% - (continued) | |
| | 2,044,000 | | | MediaTek, Inc. | | $ | 48,586,412 | |
| | 20,476,139 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 309,797,298 | |
| | 9,487,000 | | | Uni-President Enterprises Corp. | | | 20,335,969 | |
| | 3,156,000 | | | Zhen Ding Technology Holding Ltd. | | | 13,375,613 | |
| | | | | | | | |
| | | | | | | 577,978,747 | |
| | | | | | | | |
| | | | Turkey - 0.5% | |
| | 1,602,065 | | | BIM Birlesik Magazalar A.S. | | | 12,666,674 | |
| | 5,645,871 | | | KOC Holding A.S. | | | 9,556,923 | |
| | | | | | | | |
| | | | | | | 22,223,597 | |
| | | | | | | | |
| | | | United Arab Emirates - 0.5% | |
| | 27,639,525 | | | Emaar Properties PJSC* | | | 19,806,700 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $2,809,543,794) | | $ | 4,059,797,944 | |
| | | | | | | | |
|
| PREFERRED STOCKS - 0.5% | |
| | | | Brazil - 0.5% | |
| | 4,979,950 | | | Gerdau S.A. | | $ | 18,928,835 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $19,315,886) | | $ | 18,928,835 | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $2,828,859,680) | | $ | 4,078,726,779 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.2% | |
| | | | Other Investment Pools & Funds - 2.2% | |
| | 92,614,722 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(2) | | $ | 92,614,722 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $92,614,722) | | $ | 92,614,722 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | Total Investments
(cost $2,921,474,402) | | | 99.5 | % | | $ | 4,171,341,501 | |
| | | | Other Assets and Liabilities | | | 0.5 | % | | | 20,882,729 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 4,192,224,230 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of this security was $45,369,232, representing 1.1% of net assets. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Equity Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Argentina | | $ | 18,305,446 | | | $ | 18,305,446 | | | $ | — | | | $ | — | |
Brazil | | | 260,574,038 | | | | 260,574,038 | | | | — | | | | — | |
Chile | | | 19,399,146 | | | | 19,399,146 | | | | — | | | | — | |
China | | | 1,551,125,277 | | | | 609,034,557 | | | | 942,090,720 | | | | — | |
Colombia | | | 5,594,367 | | | | 5,594,367 | | | | — | | | | — | |
Egypt | | | 15,561,454 | | | | — | | | | 15,561,454 | | | | — | |
Greece | | | 9,967,273 | | | | — | | | | 9,967,273 | | | | — | |
Hong Kong | | | 156,803,703 | | | | — | | | | 156,803,703 | | | | — | |
Hungary | | | 50,780,649 | | | | — | | | | 50,780,649 | | | | — | |
India | | | 173,322,490 | | | | — | | | | 173,322,490 | | | | — | |
Kuwait | | | 7,835,710 | | | | — | | | | 7,835,710 | | | | — | |
Luxembourg | | | 14,938,704 | | | | 14,938,704 | | | | — | | | | — | |
Mexico | | | 9,868,464 | | | | 9,868,464 | | | | — | | | | — | |
Pakistan | | | 4,620,263 | | | | 2,796,065 | | | | 1,824,198 | | | | — | |
Peru | | | 7,485,393 | | | | 7,485,393 | | | | — | | | | — | |
Poland | | | 24,618,204 | | | | — | | | | 24,618,204 | | | | — | |
Russia | | | 228,591,291 | | | | 36,069,521 | | | | 192,521,770 | | | | — | |
Singapore | | | 15,983,683 | | | | 15,983,683 | | | | — | | | | — | |
South Africa | | | 213,101,199 | | | | 22,277,752 | | | | 190,823,447 | | | | — | |
South Korea | | | 651,312,146 | | | | — | | | | 651,312,146 | | | | — | |
Taiwan | | | 577,978,747 | | | | — | | | | 577,978,747 | | | | — | |
Turkey | | | 22,223,597 | | | | — | | | | 22,223,597 | | | | — | |
United Arab Emirates | | | 19,806,700 | | | | — | | | | 19,806,700 | | | | — | |
Preferred Stocks | | | 18,928,835 | | | | 18,928,835 | | | | — | | | | — | |
Short-Term Investments | | | 92,614,722 | | | | 92,614,722 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 4,171,341,501 | | | $ | 1,133,870,693 | | | $ | 3,037,470,808 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 45.0% | | | |
| | | | Argentina - 1.7% | |
| $ | | | 647,000 | | | YPF Energia Electrica S.A.
10.00%, 07/25/2026(1) | | $ | 388,206 | |
| | | | | | YPF S.A. | |
| | | 400,000 | | | 8.50%, 07/28/2025(2) | | | 234,000 | |
| | | 700,000 | | | 8.50%, 06/27/2029(1) | | | 392,000 | |
| | | | | | | | | | |
| | | | | | | | | 1,014,206 | |
| | | | | | | | | | |
| | | | | | Brazil - 0.4% | |
| | | 210,000 | | | Banco do Brasil S.A. 9.00%, 06/18/2024, (9.00% fixed rate until 06/18/2024; 10 year USD CMT + 6.362% thereafter)(1)(3)(4) | | | 228,480 | |
| | | | | | | | | | |
| | | | | | British Virgin Islands - 3.4% | |
| | | 380,000 | | | China Great Wall International Holdings Ltd.
3.88%, 08/31/2027(2) | | | 412,057 | |
| | | 285,000 | | | China Railway Xunjie Co., Ltd.
3.25%, 07/28/2026(2) | | | 308,119 | |
| | | 200,000 | | | Greenland Global Investment Ltd.
5.88%, 07/03/2024(2) | | | 182,693 | |
| | | 410,000 | | | Rongshi International Finance Ltd.
3.63%, 05/04/2027(2) | | | 448,478 | |
| | | | | | Sinopec Group Overseas Development Ltd. | |
| | | 435,000 | | | 2.70%, 05/13/2030(1) | | | 452,679 | |
| | | 200,000 | | | 3.50%, 05/03/2026(1)(5) | | | 220,520 | |
| | | | | | | | | | |
| | | | | | | | | 2,024,546 | |
| | | | | | | | | | |
| | | | | | Canada - 1.2% | |
| | | 290,000 | | | Canacol Energy Ltd. 7.25%, 05/03/2025(1) | | | 297,250 | |
| | | 200,000 | | | First Quantum Minerals Ltd.
7.25%, 04/01/2023(1) | | | 201,000 | |
| | | 200,000 | | | MEGlobal Canada ULC 5.88%, 05/18/2030(1) | | | 237,796 | |
| | | | | | | | | | |
| | | | | | | | | 736,046 | |
| | | | | | | | | | |
| | | | | | Cayman Islands - 6.1% | |
| | | 340,000 | | | Baidu, Inc. 4.38%, 05/14/2024 | | | 372,762 | |
| | | 300,000 | | | Central China Real Estate Ltd.
7.25%, 04/24/2023(2) | | | 301,099 | |
| | | 380,000 | | | China Evergrande Group 11.50%, 01/22/2023(2) | | | 316,809 | |
| | | 200,000 | | | CIFI Holdings Group Co., Ltd.
6.45%, 11/07/2024(2) | | | 210,087 | |
| | | 290,000 | | | CSCEC Finance Cayman Ltd.
3.50%, 07/05/2027(2) | | | 313,742 | |
| | | 370,000 | | | CSN Islands Corp. 6.75%, 01/28/2028(1) | | | 363,895 | |
| | | 340,000 | | | MAF Sukuk Ltd. 4.64%, 05/14/2029(2) | | | 371,699 | |
| | | 305,000 | | | Meituan 3.05%, 10/28/2030(1) | | | 305,638 | |
| | | 250,000 | | | Powerlong Real Estate Holdings Ltd.
6.95%, 07/23/2023(2) | | | 258,247 | |
| | | 230,000 | | | Ronshine China Holdings Ltd.
8.10%, 06/09/2023(2) | | | 233,552 | |
| | | 305,000 | | | Tencent Holdings Ltd.
3.24%, 06/03/2050(1) | | | 307,440 | |
| | | 300,000 | | | Yuzhou Group Holdings Co., Ltd.
7.38%, 01/13/2026(2) | | | 288,900 | |
| | | | | | | | | | |
| | | | | | | | | 3,643,870 | |
| | | | | | | | | | |
| | | | | | Chile - 1.3% | |
| | | 290,000 | | | AES Gener S.A. 7.13%, 03/26/2079, (7.13% fixed rate until 04/07/2024; 5 year USD Swap + 4.644% thereafter)(1)(4) | | | 300,417 | |
| | | 200,000 | | | Empresa de los Ferrocarriles del Estado
3.07%, 08/18/2050(1) | | | 186,000 | |
| | | 306,496 | | | Empresa Electrica Cochrane S.p.A.
5.50%, 05/14/2027(1) | | | 308,795 | |
| | | | | | | | | | |
| | | | | | | | | 795,212 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 45.0% - (continued) | | | |
| | | | | | Colombia - 1.0% | |
| $ | | | 485,000 | | | Ecopetrol S.A. 6.88%, 04/29/2030 | | $ | 583,164 | |
| | | | | | | | | | |
| | | | | | Hong Kong - 2.3% | |
| | | 430,000 | | | Beijing State-Owned Assets Management Hong Kong Co., Ltd. 4.13%, 05/26/2025(2) | | | 464,452 | |
| | | 260,000 | | | CNAC HK Finbridge Co., Ltd.
4.88%, 03/14/2025(2) | | | 286,346 | |
| | | 400,000 | | | Lenovo Group Ltd. 3.42%, 11/02/2030(1) | | | 406,027 | |
| | | 230,000 | | | Xiaomi Best Time International Ltd.
3.38%, 04/29/2030(1)(5) | | | 239,413 | |
| | | | | | | | | | |
| | | | | | | | | 1,396,238 | |
| | | | | | | | | | |
| | | | | | India - 0.3% | |
| | | 200,000 | | | ReNew Power Pvt Ltd. 5.88%, 03/05/2027(1) | | | 204,156 | |
| | | | | | | | | | |
| | | | | | Indonesia - 4.1% | |
| | | 265,000 | | | ABM Investama Tbk PT 7.13%, 08/01/2022(1) | | | 171,058 | |
| | | | | | Indonesia Asahan Aluminium Persero PT | |
| | | 280,000 | | | 5.45%, 05/15/2030(1) | | | 318,983 | |
| | | 200,000 | | | 5.80%, 05/15/2050(1) | | | 231,754 | |
| | | 250,000 | | | 6.76%, 11/15/2048(1) | | | 320,140 | |
| | | 270,000 | | | Pelabuhan Indonesia PT 5.38%, 05/05/2045(1) | | | 312,187 | |
| | | 360,000 | | | Pertamina Persero PT 6.00%, 05/03/2042(1)(5) | | | 439,177 | |
| | | | | | Perusahaan Listrik Negara PT | |
| | | 400,000 | | | 5.25%, 10/24/2042(1) | | | 461,000 | |
| | | 200,000 | | | 5.25%, 05/15/2047(1) | | | 228,500 | |
| | | | | | | | | | |
| | | | | | | | | 2,482,799 | |
| | | | | | | | | | |
| | | | | | Jersey - 0.7% | |
| | | 400,000 | | | Galaxy Pipeline Assets Bidco Ltd.
2.63%, 03/31/2036(1) | | | 396,996 | |
| | | | | | | | | | |
| | | | | | Kazakhstan - 0.8% | |
| | | 485,000 | | | KazMunayGas National Co. JSC
3.50%, 04/14/2033(1) | | | 500,134 | |
| | | | | | | | | | |
| | | | | | Luxembourg - 1.9% | |
| | | 81,000 | | | Atento Luxco 1 S.A. 6.13%, 08/10/2022(1) | | | 74,521 | |
| | | 280,000 | | | Gazprom PJSC Via Gaz Capital S.A.
5.15%, 02/11/2026(1) | | | 311,640 | |
| | | 200,000 | | | JSL Europe S.A. 7.75%, 07/26/2024(1) | | | 205,200 | |
| | | 300,000 | | | Ultrapar International S.A. 5.25%, 06/06/2029(1) | | | 314,700 | |
| | | 270,000 | | | Unigel Luxembourg S.A. 8.75%, 10/01/2026(1) | | | 260,887 | |
| | | | | | | | | | |
| | | 1,166,948 | |
| | | | | | | | | | |
| | | | Malaysia - 0.4% | |
| | | 220,000 | | | Petronas Capital Ltd. 3.50%, 04/21/2030(1) | | | 244,816 | |
| | | | | | | | | | |
| | | | Mauritius - 0.4% | |
| | | 250,000 | | | India Green Energy Holdings
5.38%, 04/29/2024(1) | | | 250,364 | |
| | | | | | | | | | |
| | | | Mexico - 9.8% | |
| | | 260,000 | | | Alpha Holding S.A. de C.V.
10.00%, 12/19/2022(1) | | | 215,803 | |
| | | 200,000 | | | Banco Mercantil del Norte S.A.
7.63%, 01/10/2028, (7.63% fixed rate until 01/10/2028; 10 year CMT + 5.353% thereafter)(1)(3)(4) | | | 199,500 | |
| | | 300,000 | | | BBVA Bancomer S.A. 5.88%, 09/13/2034, (5.88% fixed rate until 09/13/2029; 5 year USD CMT + 4.308% thereafter)(1)(4) | | | 311,361 | |
| | | 200,000 | | | Cemex S.A.B. de C.V.
7.38%, 06/05/2027(1) | | | 220,302 | |
| | | 224,880 | | | Cometa Energia S.A. de C.V.
6.38%, 04/24/2035(1)(5) | | | 248,773 | |
| | | 230,000 | | | Cydsa S.A.B. de C.V. 6.25%, 10/04/2027(1) | | | 228,505 | |
| | | 200,000 | | | Docuformas SAPI de C.V. 10.25%, 07/24/2024(1) | | | 153,500 | |
| | | 220,000 | | | Elementia S.A.B. de C.V. 5.50%, 01/15/2025(1)(5) | | | 220,440 | |
| MXN | | | 31,610,000 | | | Grupo Televisa S.A.B. 7.25%, 05/14/2043 | | | 1,108,256 | |
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, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 45.0% - (continued) | | | |
| | | | Mexico - 9.8% - (continued) | |
| | | Infraestructura Energetica Nova S.A.B. de C.V. | |
| $ | | | 250,000 | | | 4.75%, 01/15/2051(1) | | $ | 234,875 | |
| | | 200,000 | | | 4.88%, 01/14/2048(1) | | | 190,600 | |
| | | Petroleos Mexicanos | |
| | | 130,000 | | | 3.50%, 01/30/2023 | | | 127,343 | |
| | | 465,000 | | | 6.49%, 01/23/2027 | | | 433,380 | |
| | | 1,290,000 | | | 6.50%, 01/23/2029 | | | 1,150,551 | |
| | | 340,000 | | | 7.69%, 01/23/2050 | | | 282,516 | |
| | | 350,000 | | | Sixsigma Networks Mexico S.A. de C.V.
7.50%, 05/02/2025(1) | | | 304,062 | |
| | | 230,000 | | | Trust Fibra Uno 6.39%, 01/15/2050(1) | | | 238,913 | |
| | | | | | | | | | |
| | | 5,868,680 | |
| | | | | | | | | | |
| | | | Mult - 0.3% | |
| | | 220,000 | | | Mongolian Mining Corp. / Energy Resources LLC
9.25%, 04/15/2024(1) | | | 177,069 | |
| | | | | | | | | | |
| | | | Netherlands - 2.7% | |
| | | Braskem Netherlands Finance B.V. | |
| | | 330,000 | | | 5.88%, 01/31/2050(1) | | | 306,491 | |
| | | 200,000 | | | 8.50%, 01/23/2081, (8.50% fixed rate until 10/24/2025; 5 year USD CMT + 8.220% thereafter)(1)(4) | | | 203,152 | |
| | | 200,000 | | | Metinvest B.V. 7.65%, 10/01/2027(1) | | | 194,316 | |
| | | Petrobras Global Finance B.V. | |
| | | 120,000 | | | 6.75%, 06/03/2050 | | | 131,681 | |
| | | 260,000 | | | 6.90%, 03/19/2049 | | | 294,226 | |
| | | 200,000 | | | SABIC Capital B.V. 2.15%, 09/14/2030(2) | | | 196,820 | |
| | | 330,000 | | | Teva Pharmaceutical Finance Netherlands B.V.
3.15%, 10/01/2026 | | | 290,400 | |
| | | | | | | | | | |
| | | 1,617,086 | |
| | | | | | | | | | |
| | | | Panama - 1.0% | |
| | | 200,000 | | | AES Panama Generation Holdings SRL
4.38%, 05/31/2030(1) | | | 211,938 | |
| | | 358,000 | | | Banistmo S.A. 4.25%, 07/31/2027(1) | | | 372,656 | |
| | | | | | | | | | |
| | | 584,594 | |
| | | | | | | | | | |
| | | | Peru - 1.0% | |
| | | 270,000 | | | Banco BBVA Peru S.A. 5.25%, 09/22/2029, (5.25% fixed rate until 09/22/2024; 5 year USD CMT + 2.750% thereafter)(1)(4) | | | 293,355 | |
| | | 300,000 | | | Banco Internacional del Peru SAA
4.00%, 07/08/2030, (4.00% fixed rate until 07/08/2025; 1 year USD CMT + 3.711% thereafter)(1)(4) | | | 303,000 | |
| | | | | | | | | | |
| | | 596,355 | |
| | | | | | | | | | |
| | | | South Korea - 0.3% | |
| | | 200,000 | | | Korea East-West Power Co., Ltd.
1.75%, 05/06/2025(1) | | | 206,546 | |
| | | | | | | | | | |
| | | | Spain - 0.8% | |
| | | 445,000 | | | AI Candelaria Spain SLU 7.50%, 12/15/2028(1) | | | 480,604 | |
| | | | | | | | | | |
| | | | Thailand - 1.0% | |
| | | 340,000 | | | Siam Commercial Bank PCL
4.40%, 02/11/2029(2) | | | 392,533 | |
| | | 200,000 | | | Thaioil Treasury Center Co., Ltd.
3.75%, 06/18/2050(1) | | | 184,234 | |
| | | | | | | | | | |
| | | 576,767 | |
| | | | | | | | | | |
| | | | Ukraine - 0.4% | |
| | | 210,000 | | | VF Ukraine PAT via VFU Funding plc
6.20%, 02/11/2025(1) | | | 208,425 | |
| | | | | | | | | | |
| | | | United Arab Emirates - 0.3% | |
| | | 200,000 | | | Kuwait Projects Co. SPC Ltd.
4.23%, 10/29/2026(2) | | | 198,790 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 45.0% - (continued) | | | |
| | | | United Kingdom - 1.4% | |
| | | Gazprom PJSC via Gaz Finance plc | |
| $ | | | 310,000 | | | 3.25%, 02/25/2030(1) | | $ | 309,070 | |
| | | 305,000 | | | 4.60%, 10/26/2025, (4.60% fixed rate until 10/26/2025; 5 year USD CMT thereafter)(1)(3)(4) | | | 304,546 | |
| | | 250,000 | | | NAK Naftogaz Ukraine via Kondor Finance plc
7.63%, 11/08/2026(1) | | | 233,565 | |
| | | | | | | | | | |
| | | 847,181 | |
| | | | | | | | | | |
| | |
| | | Total Corporate Bonds
(cost $27,143,240) | | $ | 27,030,072 | |
| | | | | | | | | | |
|
| FOREIGN GOVERNMENT OBLIGATIONS - 45.6% | |
| | | | Argentina - 1.0% | |
| $ | | | 1,190,000 | | | Provincia de Cordoba 7.13%, 06/10/2021(1) | | $ | 624,762 | |
| | | | | | | | | | |
| | | | Azerbaijan - 0.9% | |
| | | Republic of Azerbaijan International Bond | |
| | | 400,000 | | | 3.50%, 09/01/2032(1) | | | 388,800 | |
| | | 150,000 | | | 5.13%, 09/01/2029(1) | | | 159,833 | |
| | | | | | | | | | |
| | | 548,633 | |
| | | | | | | | | | |
| | | | Bahrain - 0.7% | |
| | | 390,000 | | | Bahrain Government International Bond
7.38%, 05/14/2030(1) | | | 431,521 | |
| | | | | | | | | | |
| | | | Belarus - 0.5% | |
| | | 310,000 | | | Republic of Belarus International Bond
6.88%, 02/28/2023(1) | | | 306,170 | |
| | | | | | | | | | |
| | | | Brazil - 4.4% | |
| | | Brazil Notas do Tesouro Nacional | |
| BRL | | | 2,846,000 | | | 10.00%, 01/01/2025 | | | 555,354 | |
| | | 5,258,000 | | | 10.00%, 01/01/2027 | | | 1,032,234 | |
| | | Brazilian Government International Bond | |
| $ | | | 380,000 | | | 3.88%, 06/12/2030(5) | | | 384,750 | |
| BRL | | | 1,485,000 | | | 10.25%, 01/10/2028 | | | 307,052 | |
| $ | | | 338,777 | | | Prumo Participacoes e Investimentos S.A
7.50%, 12/31/2031(1) | | | 359,528 | |
| | | | | | | | | | |
| | | 2,638,918 | |
| | | | | | | | | | |
| | | | Cameroon - 0.9% | |
| | | 500,000 | | | Republic of Cameroon International Bond
9.50%, 11/19/2025(1) | | | 523,624 | |
| | | | | | | | | | |
| | | | Colombia - 1.9% | |
| | | Colombia Government International Bond | |
| COP | | | 1,788,000,000 | | | 4.38%, 03/21/2023 | | | 468,870 | |
| | | 1,943,000,000 | | | 9.85%, 06/28/2027 | | | 649,280 | |
| | | | | | | | | | |
| | | 1,118,150 | |
| | | | | | | | | | |
| | | | Dominican Republic - 0.9% | |
| $ | | | 470,000 | | | Dominican Republic International Bond
6.88%, 01/29/2026(1) | | | 530,513 | |
| | | | | | | | | | |
| | | | Ecuador - 0.4% | |
| | | 520,000 | | | Ecuador Government International Bond
0.50%, 07/31/2040(1)(6) | | | 257,405 | |
| | | | | | | | | | |
| | | | Egypt - 1.7% | |
| | | Egypt Government International Bond | |
| | | 200,000 | | | 4.55%, 11/20/2023(1) | | | 200,560 | |
| | | 200,000 | | | 7.50%, 01/31/2027(1) | | | 211,952 | |
| | | 230,000 | | | 7.63%, 05/29/2032(1) | | | 232,668 | |
| | | 400,000 | | | 8.70%, 03/01/2049(1) | | | 402,600 | |
| | | | | | | | | | |
| | | 1,047,780 | |
| | | | | | | | | | |
| | | | Ghana - 0.6% | |
| | | Ghana Government International Bond | |
| | | 230,000 | | | 7.88%, 02/11/2035(1) | | | 203,838 | |
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, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| FOREIGN GOVERNMENT OBLIGATIONS - 45.6% - (continued) | |
| | | | Ghana - 0.6% - (continued) | |
| $ | | | 200,000 | | | 8.63%, 06/16/2049(1) | | $ | 175,500 | |
| | | | | | | | | | |
| | | 379,338 | |
| | | | | | | | | | |
| | | | Guatemala - 0.6% | |
| | | 290,000 | | | Guatemala Government Bond
5.38%, 04/24/2032(1) | | | 341,591 | |
| | | | | | | | | | |
| | | | Hungary - 0.6% | |
| | | Hungary Government Bond | |
| HUF | | | 69,240,000 | | | 2.75%, 12/22/2026 | | | 232,508 | |
| | | 43,760,000 | | | 3.00%, 06/26/2024 | | | 147,071 | |
| | | | | | | | | | |
| | | 379,579 | |
| | | | | | | | | | |
| | | | Indonesia - 4.1% | |
| | | Indonesia Treasury Bond | |
| IDR | | | 4,563,000,000 | | | 7.00%, 05/15/2022 | | | 324,979 | |
| | | 4,168,000,000 | | | 7.00%, 05/15/2027 | | | 294,453 | |
| | | 2,146,000,000 | | | 7.50%, 08/15/2032 | | | 149,890 | |
| | | 6,143,000,000 | | | 8.25%, 06/15/2032 | | | 450,361 | |
| | | 6,523,000,000 | | | 8.75%, 05/15/2031 | | | 500,521 | |
| | | 9,581,000,000 | | | 9.00%, 03/15/2029 | | | 747,678 | |
| | | | | | | | | | |
| | | 2,467,882 | |
| | | | | | | | | | |
| | | | Ivory Coast - 1.6% | |
| EUR | | | 850,000 | | | Ivory Coast Government International Bond
6.63%, 03/22/2048(1) | | | 928,346 | |
| | | | | | | | | | |
| | | | Jamaica - 0.4% | |
| $ | | | 210,000 | | | Jamaica Government International Bond
6.75%, 04/28/2028 | | | 241,502 | |
| | | | | | | | | | |
| | | | Jordan - 0.3% | |
| | | 200,000 | | | Jordan Government International Bond
5.75%, 01/31/2027(1) | | | 206,071 | |
| | | | | | | | | | |
| | | | Kenya - 0.3% | |
| | | 200,000 | | | Kenya Government International Bond
8.25%, 02/28/2048(1) | | | 204,190 | |
| | | | | | | | | | |
| | | | Kuwait - 0.4% | |
| | | 200,000 | | | Kuwait International Government Bond
3.50%, 03/20/2027(1) | | | 226,020 | |
| | | | | | | | | | |
| | | | Malaysia - 2.8% | |
| | | Malaysia Government Bond | |
| MYR | | | 1,510,000 | | | 3.48%, 06/14/2024 | | | 383,210 | |
| | | 4,930,000 | | | 3.90%, 11/30/2026 | | | 1,295,659 | |
| | | | | | | | | | |
| | | 1,678,869 | |
| | | | | | | | | | |
| | | | Mexico - 1.2% | |
| | | Mexican Bonos | |
| MXN | | | 2,700,000 | | | 7.50%, 06/03/2027 | | | 139,989 | |
| | | 5,300,000 | | | 7.75%, 05/29/2031 | | | 278,234 | |
| | | 5,733,900 | | | 7.75%, 11/13/2042 | | | 289,608 | |
| | | | | | | | | | |
| | | 707,831 | |
| | | | | | | | | | |
| | | | Panama - 1.0% | |
| | | Panama Government International Bond | |
| $ | | | 260,000 | | | 2.25%, 09/29/2032 | | | 264,420 | |
| | | 320,000 | | | 3.87%, 07/23/2060 | | | 360,403 | |
| | | | | | | | | | |
| | | 624,823 | |
| | | | | | | | | | |
| | | | Peru - 2.2% | |
| PEN | | | 1,970,000 | | | Peru Government Bond 6.95%, 08/12/2031 | | | 672,021 | |
| | | Peruvian Government International Bond | |
| $ | | | 135,000 | | | 2.39%, 01/23/2026 | | | 141,885 | |
| | | 440,000 | | | 2.84%, 06/20/2030 | | | 480,260 | |
| | | | | | | | | | |
| | | 1,294,166 | |
| | | | | | | | | | |
| | | | Philippines - 0.7% | |
| | | 375,000 | | | Philippine Government International Bond
2.46%, 05/05/2030 | | | 400,718 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| FOREIGN GOVERNMENT OBLIGATIONS - 45.6% - (continued) | |
| | | | Qatar - 1.2% | |
| | | Qatar Government International Bond | |
| $ | | | 220,000 | | | 3.25%, 06/02/2026(1) | | $ | 242,836 | |
| | | 200,000 | | | 3.40%, 04/16/2025(1) | | | 219,376 | |
| | | 200,000 | | | 3.75%, 04/16/2030(1) | | | 232,198 | |
| | | | | | | | | | |
| | | 694,410 | |
| | | | | | | | | | |
| | | | Romania - 1.9% | |
| | | Romania Government Bond | |
| RON | | | 2,050,000 | | | 4.50%, 06/17/2024 | | | 516,451 | |
| | | 300,000 | | | 5.00%, 02/12/2029 | | | 80,801 | |
| | | Romanian Government International Bond | |
| $ | | | 216,000 | | | 3.00%, 02/14/2031(1) | | | 223,671 | |
| | | 312,000 | | | 4.00%, 02/14/2051(1) | | | 317,854 | |
| | | | | | | | | | |
| | | 1,138,777 | |
| | | | | | | | | | |
| | | | Russia - 2.8% | |
| | | Russian Federal Bond - OFZ | |
| RUB | | | 12,470,000 | | | 7.15%, 11/12/2025 | | | 168,636 | |
| | | 40,570,000 | | | 8.15%, 02/03/2027 | | | 578,433 | |
| | | Russian Foreign Bond - Eurobond | |
| $ | | | 400,000 | | | 4.75%, 05/27/2026(1) | | | 457,000 | |
| | | 400,000 | | | 5.10%, 03/28/2035(1) | | | 486,000 | |
| | | | | | | | | | |
| | | 1,690,069 | |
| | | | | | | | | | |
| | | | Saudi Arabia - 2.1% | |
| | | Saudi Government International Bond | |
| | | 430,000 | | | 3.25%, 10/26/2026(1) | | | 468,528 | |
| | | 670,000 | | | 4.50%, 10/26/2046(1) | | | 793,716 | |
| | | | | | | | | | |
| | | 1,262,244 | |
| | | | | | | | | | |
| | | | | | South Africa - 2.4% | | | |
| ZAR | | | 38,829,271 | | | Republic of South Africa Government Bond
6.50%, 02/28/2041 | | | 1,461,190 | |
| | | | | | | | | | |
| | | | | | Sri Lanka - 0.4% | | | |
| $ | | | 390,000 | | | Sri Lanka Government International Bond
6.13%, 06/03/2025(1) | | | 216,427 | |
| | | | | | | | | | |
| | | | | | Thailand - 1.0% | | | |
| THB | | | 19,270,000 | | | Thailand Government Bond 1.60%, 06/17/2035 | | | 616,233 | |
| | | | | | | | | | |
| | | | | | Turkey - 1.7% | | | |
| $ | | | 1,070,000 | | | Turkey Government International Bond
6.38%, 10/14/2025 | | | 1,045,925 | |
| | | | | | | | | | |
| | | | | | Ukraine - 1.6% | | | |
| | | | | | Ukraine Government International Bond | | | | |
| | | 200,000 | | | 7.25%, 03/15/2033(1) | | | 187,751 | |
| | | 820,000 | | | 7.38%, 09/25/2032(1) | | | 785,429 | |
| | | | | | | | | | |
| | | | | | | | | 973,180 | |
| | | | | | | | | | |
| | | | | | United Arab Emirates - 0.4% | | | |
| | | 200,000 | | | Abu Dhabi Government International Bond
3.88%, 04/16/2050(1) | | | 237,420 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Foreign Government Obligations
(cost $28,191,548) | | $ | 27,444,277 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Long-Term Investments
(cost $55,334,788) | | $ | 54,474,349 | |
| | | | | | | | | | |
| SHORT-TERM INVESTMENTS - 9.3% | | | |
| | | | | | Other Investment Pools & Funds - 3.0% | | | |
| | | 1,831,498 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(7) | | $ | 1,831,498 | |
| | | | | | | | | | |
| | | | | | Securities Lending Collateral - 2.3% | | | |
| | | 1,386,167 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(7) | | | 1,386,167 | |
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, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| SHORT-TERM INVESTMENTS - 9.3% - (continued) | | | |
| | | | | | Securities Lending Collateral - 2.3% - (continued) | |
| | | 1,399 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(7) | | $ | 1,399 | |
| | | | | | | | | | |
| | | | | | | | | 1,387,566 | |
| | | | | | | | | | |
| | | | | | U.S. Treasury - 4.0% | | | |
| | | | | | U.S. Treasury Bills - 4.0% | | | |
| | | 750,000 | | | 0.08%, 12/17/2020(8) | | | 749,912 | |
| | | 1,650,000 | | | 0.09%, 12/24/2020(8) | | | 1,649,781 | |
| | | | | | | | | | |
| | | | | | | | | 2,399,693 | |
| | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Short-Term Investments
(cost $5,618,757) | | | | | | $ | 5,618,757 | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Investments
(cost $60,953,545) | | | 99.9 | % | | $ | 60,093,106 | |
| | | | | | Other Assets and Liabilities | | | 0.1 | % | | | 32,867 | |
| | | | | | | | | | | | | | |
| | | | | | Total Net Assets | | | 100.0 | % | | $ | 60,125,973 | |
| | | | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $28,621,068, representing 47.6% of net assets. |
| (2) | Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $5,418,423, representing 9.0% of net assets. |
| (3) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| (4) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| (5) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (6) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
| (7) | Current yield as of period end. |
| (8) | The rate shown represents current yield to maturity. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| OTC Credit Default Swap Contracts Outstanding at October 31, 2020 | |
Reference Entity | | Counterparty | | Notional Amount (a) | | | (Pay)/Receive
Fixed Rate | | | Expiration
Date | | Periodic
Payment
Frequency | | | Upfront
Premiums
Paid | | | Upfront
Premiums
Received | | | Market
Value† | | | Unrealized
Appreciation/
(Depreciation) | |
| Credit default swaps on single-name issues: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Buy protection: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Colombia Government International Bond | | JPM | | USD | | | 1,200,000 | | | | (1.00 | %) | | 12/20/2025 | | | Quarterly | | | $ | 11,902 | | | $ | — | | | $ | 13,964 | | | $ | 2,062 | |
Mexico Government International Bond | | MSC | | USD | | | 600,000 | | | | (1.00 | %) | | 06/20/2025 | | | Quarterly | | | | 43,120 | | | | — | | | | 3,519 | | | | (39,601 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | | | | | | $ | 55,022 | | | $ | — | | | $ | 17,483 | | | $ | (37,539 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Credit default swaps on single-name issues: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Sell protection: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Petroleo Brasileiro S.A. - Petrobras (BB-) | | JPM | | USD | | | 1,070,000 | | | | 1.00 | % | | 12/20/2024 | | | Quarterly | | | $ | — | | | $ | (26,895 | ) | | $ | (50,423 | ) | | $ | (23,528 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total OTC credit default swap contracts | | | | | | | | | | | | | | | | $ | 55,022 | | | $ | (26,895 | ) | | $ | (32,940 | ) | | $ | (61,067 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2020 | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 1,789,000 | | | BRL | | | 323,216 | | | USD | | CBK | | | 11/16/2020 | | | $ | — | | | $ | (11,685 | ) |
| | 1,501,000 | | | BRL | | | 284,523 | | | USD | | JPM | | | 11/16/2020 | | | | — | | | | (23,143 | ) |
| | 396,680,000 | | | CLP | | | 496,800 | | | USD | | UBS | | | 11/18/2020 | | | | 16,100 | | | | — | |
| | 7,300,000 | | | CNY | | | 1,040,241 | | | USD | | JPM | | | 11/03/2020 | | | | 48,994 | | | | — | |
| | 7,300,000 | | | CNY | | | 1,085,792 | | | USD | | CBK | | | 11/03/2020 | | | | 3,443 | | | | — | |
| | 4,160,000 | | | CNY | | | 600,462 | | | USD | | CBK | | | 11/30/2020 | | | | 18,964 | | | | — | |
| | 7,300,000 | | | CNY | | | 1,078,924 | | | USD | | CBK | | | 02/26/2021 | | | | 341 | | | | — | |
| | 3,320,000 | | | CNY | | | 485,771 | | | USD | | JPM | | | 03/17/2021 | | | | 4,441 | | | | — | |
| | 19,900,000 | | | CZK | | | 860,704 | | | USD | | CBK | | | 12/15/2020 | | | | — | | | | (9,465 | ) |
| | 18,930,000 | | | THB | | | 597,885 | | | USD | | CBK | | | 12/15/2020 | | | | 9,340 | | | | — | |
| | 603,338 | | | USD | | | 3,290,000 | | | BRL | | UBS | | | 11/16/2020 | | | | 30,427 | | | | — | |
| | 1,087,361 | | | USD | | | 7,300,000 | | | CNY | | CBK | | | 11/03/2020 | | | | — | | | | (1,874 | ) |
| | 1,085,792 | | | USD | | | 7,300,000 | | | CNY | | JPM | | | 11/03/2020 | | | | — | | | | (3,443 | ) |
| | 597,463 | | | USD | | | 2,300,830,000 | | | COP | | UBS | | | 01/29/2021 | | | | 5,487 | | | | — | |
| | 430,095 | | | USD | | | 7,160,000 | | | ZAR | | JPM | | | 12/15/2020 | | | | — | | | | (7,510 | ) |
| | 7,160,000 | | | ZAR | | | 432,495 | | | USD | | MSC | | | 12/15/2020 | | | | 5,110 | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Foreign Currency Contracts | | | $ | 142,647 | | | $ | (57,120 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Corporate Bonds | | $ | 27,030,072 | | | $ | — | | | $ | 27,030,072 | | | $ | — | |
Foreign Government Obligations | | | 27,444,277 | | | | — | | | | 27,444,277 | | | | — | |
Short-Term Investments | | | 5,618,757 | | | | 3,219,064 | | | | 2,399,693 | | | | — | |
Foreign Currency Contracts(2) | | | 142,647 | | | | — | | | | 142,647 | | | | — | |
Swaps - Credit Default(2) | | | 2,062 | | | | — | | | | 2,062 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 60,237,815 | | | $ | 3,219,064 | | | $ | 57,018,751 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Foreign Currency Contracts(2) | | $ | (57,120 | ) | | $ | — | | | $ | (57,120 | ) | | $ | — | |
Swaps - Credit Default(2) | | | (63,129 | ) | | | — | | | | (63,129 | ) | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (120,249 | ) | | $ | — | | | $ | (120,249 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% | |
| | | | Australia - 2.2% | |
| | 3,365,979 | | | Beach Energy Ltd. | | $ | 2,791,132 | |
| | 12,885 | | | BHP Group plc | | | 249,613 | |
| | 119,851 | | | BWP Trust REIT | | | 337,869 | |
| | 61,175 | | | Collection House Ltd.(1)(4) | | | 11,664 | |
| | 285,920 | | | Deterra Royalties Ltd.* | | | 789,825 | |
| | 373,754 | | | Fortescue Metals Group Ltd. | | | 4,572,316 | |
| | 285,920 | | | Iluka Resources Ltd. | | | 1,036,090 | |
| | 76,169 | | | IPH Ltd. | | | 353,032 | |
| | 63,430 | | | McMillan Shakespeare Ltd. | | | 417,254 | |
| | 74,799 | | | Mineral Resources Ltd. | | | 1,313,455 | |
| | 506,379 | | | OceanaGold Corp.* | | | 661,337 | |
| | 173,790 | | | Orocobre Ltd.*(2) | | | 313,353 | |
| | 237,037 | | | OZ Minerals Ltd. | | | 2,476,179 | |
| | 475,648 | | | Perenti Global Ltd. | | | 349,788 | |
| | 38,597 | | | Perpetual Ltd. | | | 738,703 | |
| | 1,778,527 | | | Perseus Mining Ltd.* | | | 1,538,220 | |
| | 1,188,858 | | | Ramelius Resources Ltd. | | | 1,623,094 | |
| | 677,024 | | | Regis Resources Ltd. | | | 1,987,150 | |
| | 130,944 | | | Rio Tinto Ltd. | | | 8,518,412 | |
| | 1,504,390 | | | Silver Lake Resources Ltd.* | | | 2,252,859 | |
| | 1,143,562 | | | St. Barbara Ltd. | | | 2,150,415 | |
| | 444,151 | | | Westgold Resources Ltd.* | | | 808,092 | |
| | 227,928 | | | Woodside Petroleum Ltd. | | | 2,811,320 | |
| | | | | | | | |
| | | | | | | 38,101,172 | |
| | | | | | | | |
| | | | Austria - 0.8% | |
| | 105,316 | | | ams AG* | | | 2,254,992 | |
| | 32,991 | | | BAWAG Group AG*(3) | | | 1,211,600 | |
| | 177,861 | | | Erste Group Bank AG* | | | 3,656,015 | |
| | 2,087 | | | Mayr Melnhof Karton AG | | | 340,774 | |
| | 11,261 | | | Oesterreichische Post AG | | | 357,625 | |
| | 190,948 | | | OMV AG | | | 4,414,025 | |
| | 149,398 | | | Raiffeisen Bank International AG* | | | 2,157,059 | |
| | | | | | | | |
| | | | | | | 14,392,090 | |
| | | | | | | | |
| | | | Belgium - 0.4% | |
| | 78,567 | | | Ageas S.A. | | | 3,163,818 | |
| | 50,069 | | | bpost S.A.* | | | 443,681 | |
| | 11,346 | | | Sofina S.A. | | | 2,948,808 | |
| | 3,927 | | | Wereldhave Belgium Comm REIT | | | 164,191 | |
| | | | | | | | |
| | | | | | | 6,720,498 | |
| | | | | | | | |
| | | | Bermuda - 0.0% | |
| | 93,911 | | | DHT Holdings, Inc. | | | 451,712 | |
| | | | | | | | |
| | | | Brazil - 0.7% | |
| | 569,746 | | | Cia de Saneamento Basico do Estado de Sao Paulo | | | 4,220,010 | |
| | 91,517 | | | Cia Paranaense de Energia ADR | | | 988,384 | |
| | 197,215 | | | Cia Siderurgica Nacional S.A. ADR(2) | | | 704,057 | |
| | 431,200 | | | Engie Brasil Energia S.A. | | | 2,997,685 | |
| | 297,500 | | | Light S.A.* | | | 1,000,144 | |
| | 302,400 | | | Marfrig Global Foods S.A.* | | | 725,703 | |
| | 208,100 | | | Minerva S.A.* | | | 361,585 | |
| | 121,200 | | | Sao Martinho S.A. | | | 444,629 | |
| | 141,500 | | | Vale S.A. | | | 1,493,186 | |
| | | | | | | | |
| | | | | | | 12,935,383 | |
| | | | | | | | |
| | | | Canada - 6.2% | |
| | 227,379 | | | Advantage Oil & Gas Ltd.*(2) | | | 375,466 | |
| | 362,218 | | | Alamos Gold, Inc. Class A | | | 3,308,709 | |
| | 161,308 | | | B2Gold Corp. | | | 1,037,611 | |
| | 242,770 | | | BCE, Inc.(2) | | | 9,755,990 | |
| | 14,436 | | | Boardwalk Real Estate Investment Trust REIT(2) | | | 290,172 | |
| | 251,260 | | | Canacol Energy Ltd. | | | 680,814 | |
| | 55,881 | | | Canadian Solar, Inc.* | | | 2,031,274 | |
| | 16,174 | | | Canadian Tire Corp. Ltd. Class A(2) | | | 1,806,176 | |
| | 28,100 | | | Cascades, Inc. | | | 299,075 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Canada - 6.2% - (continued) | |
| | 33,676 | | | Celestica, Inc.* | | $ | 197,916 | |
| | 212,700 | | | Centerra Gold, Inc. | | | 1,858,311 | |
| | 20,602 | | | CGI, Inc.* | | | 1,278,366 | |
| | 371,013 | | | CI Financial Corp. | | | 4,324,726 | |
| | 39,697 | | | Cogeco Communications, Inc. | | | 2,765,054 | |
| | 152,253 | | | Corus Entertainment, Inc. Class B | | | 402,260 | |
| | 554,104 | | | Crescent Point Energy Corp. | | | 690,395 | |
| | 425,112 | | | Dundee Precious Metals, Inc. | | | 2,820,679 | |
| | 200 | | | E-L Financial Corp. Ltd. | | | 99,152 | |
| | 129,999 | | | ECN Capital Corp. | | | 515,195 | |
| | 107,481 | | | Eldorado Gold.Corp.* | | | 1,347,244 | |
| | 10,100 | | | Equitable Group, Inc. | | | 644,981 | |
| | 125,299 | | | First Quantum Minerals Ltd. | | | 1,439,862 | |
| | 249,487 | | | Fortuna Silver Mines, Inc.*(2) | | | 1,649,764 | |
| | 163,300 | | | Genworth MI Canada, Inc. | | | 5,417,594 | |
| | 7,800 | | | goeasy Ltd. | | | 403,963 | |
| | 70,720 | | | Gran Colombia Gold Corp. | | | 315,302 | |
| | 37,400 | | | Home Capital Group, Inc.* | | | 682,986 | |
| | 216,999 | | | Hudbay Minerals, Inc. | | | 978,882 | |
| | 90,067 | | | iA Financial Corp., Inc. | | | 3,138,115 | |
| | 593,349 | | | IAMGOLD Corp.* | | | 2,173,342 | |
| | 44,328 | | | Imperial Oil Ltd. | | | 589,576 | |
| | 36,300 | | | Interfor Corp.* | | | 408,964 | |
| | 12,942 | | | Kirkland Lake Gold Ltd. | | | 589,641 | |
| | 537,116 | | | Largo Resources Ltd.* | | | 391,055 | |
| | 33,600 | | | Linamar Corp. | | | 1,098,311 | |
| | 63,763 | | | Lundin Gold, Inc.*(2) | | | 531,239 | |
| | 452,634 | | | Lundin Mining Corp. | | | 2,734,897 | |
| | 123,849 | | | Magna International, Inc. | | | 6,323,987 | |
| | 458,861 | | | Manulife Financial Corp. | | | 6,220,093 | |
| | 42,700 | | | Martinrea International, Inc. | | | 321,460 | |
| | 215,456 | | | New Gold, Inc.* | | | 436,637 | |
| | 36,058 | | | Norbord, Inc. | | | 1,184,612 | |
| | 14,100 | | | North West Co., Inc. | | | 347,658 | |
| | 176,305 | | | Open Text Corp. | | | 6,477,617 | |
| | 193,337 | | | Parex Resources, Inc.* | | | 1,882,144 | |
| | 143,512 | | | Pretium Resources, Inc.* | | | 1,750,409 | |
| | 147,840 | | | SSR Mining, Inc.* | | | 2,736,421 | |
| | 124,646 | | | Sun Life Financial, Inc. | | | 4,959,457 | |
| | 44,024 | | | Teekay Tankers Ltd. Class A* | | | 415,146 | |
| | 135,093 | | | Teranga Gold Corp.* | | | 1,405,381 | |
| | 97,691 | | | TFI International, Inc. | | | 4,349,644 | |
| | 104,135 | | | Torex Gold Resources, Inc.* | | | 1,403,786 | |
| | 355,800 | | | Touchstone Exploration, Inc.* | | | 451,326 | |
| | 276,462 | | | Tourmaline Oil Corp. | | | 3,581,576 | |
| | 38,664 | | | Transcontinental, Inc. Class A | | | 457,943 | |
| | 295,614 | | | Wesdome Gold Mines Ltd.* | | | 2,926,630 | |
| | 44,117 | | | West Fraser Timber Co., Ltd. | | | 2,046,078 | |
| | | | | | | | |
| | | | | | | 108,751,064 | |
| | | | | | | | |
| | | | Chile - 0.4% | |
| | 8,633,576 | | | Aguas Andinas S.A. Class A | | | 2,242,631 | |
| | 50,621 | | | CAP S.A. | | | 417,641 | |
| | 258,816 | | | Enel Americas S.A. ADR | | | 1,682,304 | |
| | 196,370 | | | Enel Chile S.A. ADR | | | 653,912 | |
| | 2,617,917 | | | Enel Generacion Chile S.A. | | | 813,237 | |
| | 433,417 | | | Inversiones Aguas Metropolitanas S.A. | | | 292,485 | |
| | | | | | | | |
| | | | | | | 6,102,210 | |
| | | | | | | | |
| | | | China - 7.4% | |
| | 55,327 | | | 360 Finance, Inc. ADR* | | | 637,367 | |
| | 724,500 | | | A-Living Services Co., Ltd. Class H(3) | | | 3,051,072 | |
| | 420,000 | | | Agile Group Holdings Ltd. | | | 576,308 | |
| | 3,579,000 | | | Agricultural Bank of China Ltd. Class H | | | 1,217,634 | |
| | 1,468,500 | | | BAIC Motor Corp. Ltd. Class H(3) | | | 543,097 | |
| | 18,740 | | | Baidu, Inc. ADR* | | | 2,493,357 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | China - 7.4% - (continued) | |
| | 10,337,000 | | | Bank of China Ltd. Class H | | $ | 3,265,056 | |
| | 999,000 | | | Bank of Communications Co., Ltd. Class H | | | 491,491 | |
| | 178,500 | | | BYD Electronic International Co., Ltd. | | | 769,253 | |
| | 4,676,000 | | | China BlueChemical Ltd. Class H | | | 665,093 | |
| | 1,613,000 | | | China Conch Venture Holdings Ltd. | | | 7,182,369 | |
| | 9,986,000 | | | China Construction Bank Corp. Class H | | | 6,881,483 | |
| | 1,728,400 | | | China International Capital Corp. Ltd. Class H*(3) | | | 4,038,558 | |
| | 1,267,000 | | | China Lesso Group Holdings Ltd. Class L | | | 2,054,093 | |
| | 681,000 | | | China Lilang Ltd. | | | 431,428 | |
| | 914,000 | | | China Longyuan Power Group Corp. Ltd. Class H | | | 626,465 | |
| | 2,197,000 | | | China Machinery Engineering Corp. Class H | | | 423,106 | |
| | 3,689,000 | | | China Medical System Holdings Ltd. | | | 3,879,271 | |
| | 1,154,200 | | | China Pacific Insurance Group Co., Ltd. Class H | | | 3,612,026 | |
| | 1,184,000 | | | China SCE Group Holdings Ltd. | | | 508,880 | |
| | 984,000 | | | China Shineway Pharmaceutical Group Ltd. | | | 619,343 | |
| | 7,144,000 | | | China Tower Corp. Ltd. Class H(3) | | | 1,117,997 | |
| | 680,500 | | | China Yongda Automobiles Services Holdings Ltd. | | | 969,608 | |
| | 445,500 | | | CIMC Vehicles Group Co., Ltd. Class H(3) | | | 409,589 | |
| | 1,603,500 | | | CITIC Securities Co., Ltd. Class H | | | 3,476,708 | |
| | 2,173,000 | | | CNOOC Ltd. | | | 1,988,199 | |
| | 1,598,000 | | | COFCO Meat Holdings Ltd.(2) | | | 521,088 | |
| | 1,708,000 | | | Consun Pharmaceutical Group Ltd. | | | 674,110 | |
| | 1,077,500 | | | CSC Financial Co., Ltd. Class H(2)(3) | | | 1,306,602 | |
| | 2,761,000 | | | Dali Foods Group Co. Ltd.(3) | | | 1,714,202 | |
| | 12,687 | | | Daqo New Energy Corp. ADR* | | | 2,316,773 | |
| | 57,922 | | | DouYu International Holdings Ltd. ADR* | | | 886,207 | |
| | 3,193,000 | | | FIH Mobile Ltd.* | | | 350,932 | |
| | 476,000 | | | Flat Glass Group Co., Ltd. Class H(2) | | | 1,422,068 | |
| | 1,452,000 | | | Fufeng Group Ltd. | | | 459,995 | |
| | 2,527,500 | | | Great Wall Motor Co., Ltd. Class H | | | 4,092,198 | |
| | 424,000 | | | Greentown China Holdings Ltd.(2) | | | 689,092 | |
| | 31,828 | | | GreenTree Hospitality Group Ltd. ADR | | | 422,039 | |
| | 1,726,000 | | | Guangzhou Automobile Group Co., Ltd. Class H | | | 1,774,472 | |
| | 695,500 | | | Hengan International Group Co., Ltd. | | | 4,851,498 | |
| | 96,238 | | | Huami Corp. ADR* | | | 1,124,060 | |
| | 121,634 | | | HUYA, Inc. ADR*(2) | | | 2,724,602 | |
| | 11,663,000 | | | Industrial & Commercial Bank of China Ltd. Class H | | | 6,622,998 | |
| | 312,000 | | | Jiangxi Copper Co., Ltd. Class H | | | 372,587 | |
| | 48,807 | | | JinkoSolar Holding Co., Ltd. ADR*(2) | | | 2,845,448 | |
| | 19,745 | | | JOYY, Inc. | | | 1,804,298 | |
| | 428,000 | | | KWG Group Holdings Ltd. | | | 567,566 | |
| | 214,000 | | | KWG Living Group Holdings Ltd.* | | | 167,832 | |
| | 1,634,000 | | | Lenovo Group Ltd. | | | 1,025,945 | |
| | 7,953,000 | | | Lonking Holdings Ltd. | | | 2,117,993 | |
| | 1,372,000 | | | Luye Pharma Group Ltd.(3) | | | 796,202 | |
| | 168,656 | | | Momo, Inc. ADR | | | 2,529,840 | |
| | 609,000 | | | Ping An Insurance Group Co., of China Ltd. Class H | | | 6,296,861 | |
| | 495,000 | | | Powerlong Real Estate Holdings Ltd. | | | 333,273 | |
| | 304,000 | | | Q Technology Group Co., Ltd.(2) | | | 335,968 | |
| | 702,000 | | | Sany Heavy Equipment International Holdings Co., Ltd. | | | 387,003 | |
| | 393,500 | | | Semiconductor Manufacturing International Corp.* | | | 1,160,877 | |
| | 1,755,000 | | | Sinopec Engineering Group Co., Ltd. Class H | | | 682,175 | |
| | 297,200 | | | Sinopharm Group Co., Ltd. Class H | | | 682,800 | |
| | 838,000 | | | Sinotruk Hong Kong Ltd. | | | 2,143,480 | |
| | 1,021,000 | | | Tian Ge Interactive Holdings Ltd.*(3) | | | 75,069 | |
| | 1,068,000 | | | Tianneng Power International Ltd.(2) | | | 1,739,947 | |
| | 195,829 | | | Vipshop Holdings Ltd. ADR* | | | 4,190,741 | |
| | 7,224,000 | | | Want Want China Holdings Ltd. | | | 4,783,981 | |
| | 312,000 | | | Weichai Power Co., Ltd. Class H | | | 591,640 | |
| | 1,020,200 | | | Xinjiang Goldwind Science & Technology Co., Ltd. Class H(2) | | | 1,344,856 | |
| | 1,610,000 | | | Xinyi Solar Holdings Ltd. | | | 2,941,221 | |
| | 388,000 | | | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., Class H(2)(3) | | | 557,106 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | China - 7.4% - (continued) | |
| | 538,200 | | | YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(2)(3) | | $ | 664,354 | |
| | 1,242,000 | | | Youyuan International Holdings Ltd.*(1)(2)(4) | | | — | |
| | 877,000 | | | Yuzhou Properties Co., Ltd. | | | 339,461 | |
| | 530,000 | | | Zhejiang Expressway Co., Ltd. Class H | | | 361,821 | |
| | 282,000 | | | Zhongsheng Group Holdings Ltd. | | | 2,010,728 | |
| | 1,693,600 | | | Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H | | | 1,495,305 | |
| | | | | | | | |
| | | | | | | 129,228,165 | |
| | | | | | | | |
| | | | Czech Republic - 0.2% | |
| | 76,878 | | | O2 Czech Republic AS | | | 722,089 | |
| | 3,587 | | | Philip Morris CR AS | | | 2,081,662 | |
| | | | | | | | |
| | | | | | | 2,803,751 | |
| | | | | | | | |
| | | | Denmark - 0.3% | |
| | 247,940 | | | Scandinavian Tobacco Group A/S Class A(3) | | | 3,502,108 | |
| | 80,953 | | | Spar Nord Bank A/S* | | | 697,495 | |
| | 21,948 | | | Sydbank A/S* | | | 375,348 | |
| | | | | | | | |
| | | | | | | 4,574,951 | |
| | | | | | | | |
| | | | Egypt - 0.1% | |
| | 578,111 | | | Centamin plc | | | 929,746 | |
| | | | | | | | |
| | | | Finland - 0.5% | |
| | 1,124,327 | | | Nokia Oyj* | | | 3,790,327 | |
| | 325,343 | | | Outotec Oyj | | | 2,293,495 | |
| | 24,933 | | | Sampo Oyj Class A | | | 940,884 | |
| | 70,854 | | | TietoEVRY Oyj | | | 1,767,380 | |
| | 21,430 | | | Tokmanni Group Corp. | | | 340,932 | |
| | | | | | | | |
| | | | | | | 9,133,018 | |
| | | | | | | | |
| | | | France - 6.0% | |
| | 46,973 | | | Amundi S.A.*(3) | | | 3,081,054 | |
| | 73,260 | | | Atos SE* | | | 5,004,819 | |
| | 48,599 | | | BNP Paribas S.A.* | | | 1,694,879 | |
| | 57,424 | | | Cie de Saint-Gobain* | | | 2,236,866 | |
| | 42,414 | | | Cie Generale des Etablissements Michelin SCA | | | 4,580,753 | |
| | 58,767 | | | Coface S.A.* | | | 459,157 | |
| | 217,983 | | | Danone S.A. | | | 12,090,470 | |
| | 397,280 | | | Eutelsat Communications S.A. | | | 3,995,859 | |
| | 42,173 | | | Faurecia SE* | | | 1,599,451 | |
| | 72,060 | | | Gaztransport Et Technigaz S.A. | | | 6,907,437 | |
| | 112,410 | | | Ipsen S.A. | | | 10,238,295 | |
| | 35,999 | | | IPSOS | | | 884,805 | |
| | 9,383 | | | Kaufman & Broad S.A. | | | 334,379 | |
| | 279,912 | | | Metropole Television S.A.* | | | 3,074,689 | |
| | 17,751 | | | Nexans S.A.* | | | 862,032 | |
| | 265,425 | | | Peugeot S.A.* | | | 4,768,150 | |
| | 173,902 | | | Publicis Groupe S.A. | | | 6,041,753 | |
| | 172,938 | | | Rexel S.A.* | | | 1,820,806 | |
| | 12,552 | | | Rothschild & Co.* | | | 323,073 | |
| | 233,838 | | | Sanofi | | | 21,114,014 | |
| | 97,733 | | | Societe BIC S.A. | | | 4,681,472 | |
| | 150,890 | | | Societe Generale S.A.* | | | 2,050,280 | |
| | 260,034 | | | Total SE | | | 7,878,174 | |
| | | | | | | | |
| | | | | | | 105,722,667 | |
| | | | | | | | |
| | | | Georgia - 0.1% | |
| | 68,559 | | | TBC Bank Group plc* | | | 816,792 | |
| | | | | | | | |
| | | | Germany - 2.6% | |
| | 33,340 | | | Allianz SE | | | 5,872,994 | |
| | 14,141 | | | Aurubis AG | | | 904,649 | |
| | 45,652 | | | Bayer AG | | | 2,145,211 | |
| | 19,477 | | | Bilfinger SE(2) | | | 357,037 | |
| | 118,072 | | | CECONOMY AG* | | | 522,190 | |
| | 34,344 | | | Daimler AG | | | 1,775,189 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Germany - 2.6% - (continued) | |
| | 275,152 | | | Deutsche Bank AG* | | $ | 2,542,717 | |
| | 90,864 | | | Deutsche Post AG | | | 4,028,726 | |
| | 10,186 | | | Draegerwerk AG & Co. KGaA | | | 818,433 | |
| | 17,823 | | | DWS Group GmbH & Co. KgaA*(3) | | | 605,187 | |
| | 6,938 | | | Flatex AG* | | | 371,696 | |
| | 178,390 | | | Fresenius Medical Care AG & Co. KGaA | | | 13,622,248 | |
| | 93,729 | | | Fresenius SE & Co. KGaA | | | 3,476,731 | |
| | 11,437 | | | Hochtief AG | | | 841,370 | |
| | 3,770 | | | Hornbach Holding AG & Co. KGaA | | | 363,113 | |
| | 36,424 | | | KION Group AG | | | 2,838,190 | |
| | 12,951 | | | Norma Group SE | | | 401,821 | |
| | 126,953 | | | ProSiebenSat.1 Media SE* | | | 1,416,857 | |
| | 40,441 | | | Rocket Internet SE | | | 876,053 | |
| | 57,657 | | | Takkt AG* | | | 612,710 | |
| | 15,103 | | | Wacker Chemie AG | | | 1,457,017 | |
| | | | | | | | |
| | | | | | | 45,850,139 | |
| | | | | | | | |
| | | | Gibraltar - 0.0% | |
| | 108,440 | | | 888 Holdings plc | | | 376,839 | |
| | | | | | | | |
| | | | Hong Kong - 2.9% | |
| | 267,000 | | | Bank of East Asia Ltd. | | | 481,672 | |
| | 1,400,000 | | | BOC Hong Kong Holdings Ltd. | | | 3,888,481 | |
| | 1,784,000 | | | Brilliance China Automotive Holdings Ltd. | | | 1,539,969 | |
| | 602,600 | | | China Gas Holdings Ltd. | | | 1,851,820 | |
| | 273,000 | | | China Mobile Ltd. | | | 1,669,815 | |
| | 970,000 | | | China Overseas Grand Oceans Group Ltd. | | | 566,235 | |
| | 918,500 | | | China Overseas Land & Investment Ltd. | | | 2,307,079 | |
| | 2,126,000 | | | China Traditional Chinese Medicine Co., Ltd. | | | 849,547 | |
| | 4,300,000 | | | China Travel International Investment Hong Kong Ltd.* | | | 550,289 | |
| | 1,618,000 | | | China Unicom Hong Kong Ltd. | | | 997,318 | |
| | 504,000 | | | CK Asset Holdings Ltd. | | | 2,340,319 | |
| | 401,200 | | | Dah Sing Banking Group Ltd. | | | 345,200 | |
| | 111,600 | | | Dah Sing Financial Holdings Ltd. | | | 277,979 | |
| | 285,000 | | | Emperor Entertainment Hotel Ltd. | | | 37,596 | |
| | 11,954,000 | | | GCL-Poly Energy Holdings Ltd.*(2) | | | 548,953 | |
| | 1,430,000 | | | Guangdong Investment Ltd. | | | 2,120,846 | |
| | 264,000 | | | Hang Lung Group Ltd. | | | 586,030 | |
| | 1,060,000 | | | Hang Lung Properties Ltd. | | | 2,580,558 | |
| | 42,200 | | | Hang Seng Bank Ltd. | | | 650,135 | |
| | 216,000 | | | Henderson Land Development Co., Ltd. | | | 762,929 | |
| | 91,400 | | | Hongkong Land Holdings Ltd. | | | 335,544 | |
| | 531,000 | | | Hysan Development Co., Ltd. | | | 1,692,876 | |
| | 276,000 | | | Kerry Properties Ltd. | | | 677,174 | |
| | 271,500 | | | Kingboard Holdings Ltd. | | | 919,583 | |
| | 4,026,000 | | | Kunlun Energy Co., Ltd. | | | 2,606,446 | |
| | 129,500 | | | NetDragon Websoft Holdings Ltd. | | | 278,593 | |
| | 482,000 | | | Nine Dragons Paper Holdings Ltd. | | | 642,907 | |
| | 962,000 | | | Pacific Textiles Holdings Ltd. | | | 548,925 | |
| | 929,000 | | | PAX Global Technology Ltd. | | | 539,886 | |
| | 68,000 | | | Qingling Motors Co., Ltd. Class H | | | 12,119 | |
| | 321,000 | | | Shenzhen International Holdings Ltd. | | | 499,849 | |
| | 256,000 | | | Sino Land Co., Ltd. | | | 303,380 | |
| | 324,500 | | | Sun Hung Kai Properties Ltd. | | | 4,176,903 | |
| | 708,800 | | | Swire Properties Ltd. | | | 1,902,054 | |
| | 41,000 | | | TAI Cheung Holdings Ltd. | | | 24,099 | |
| | 713,000 | | | TCL Electronics Holdings Ltd. | | | 484,318 | |
| | 435,000 | | | Times Neighborhood Holdings Ltd. | | | 442,267 | |
| | 141,000 | | | Vinda International Holdings Ltd. | | | 374,179 | |
| | 1,820,000 | | | WH Group Ltd.(3) | | | 1,433,479 | |
| | 3,026,000 | | | Xinyi Glass Holdings Ltd. | | | 6,645,208 | |
| | 586,000 | | | Yuexiu Transport Infrastructure Ltd. | | | 326,380 | |
| | | | | | | | |
| | | | | | | 49,818,939 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Hungary - 0.2% | |
| | 128,870 | | | MOL Hungarian Oil & Gas plc* | | $ | 625,782 | |
| | 28,423 | | | OTP Bank Nyrt* | | | 886,643 | |
| | 120,681 | | | Richter Gedeon Nyrt | | | 2,463,999 | |
| | | | | | | | |
| | | | | | | 3,976,424 | |
| | | | | | | | |
| | | | India - 0.0% | |
| | 94,307 | | | GAIL India Ltd. GDR | | | 609,223 | |
| | | | | | | | |
| | | | Indonesia - 0.6% | |
| | 1,157,200 | | | Indofood CBP Sukses Makmur Tbk PT | | | 760,142 | |
| | 1,683,900 | | | Indofood Sukses Makmur Tbk PT | | | 797,678 | |
| | 19,235,600 | | | Industri Jamu Dan Farmasi Sido Muncul Tbk PT | | | 1,047,419 | |
| | 1,569,700 | | | Link Net Tbk PT | | | 224,075 | |
| | 4,391,400 | | | Selamat Sempurna Tbk PT | | | 416,275 | |
| | 41,399,600 | | | Telekomunikasi Indonesia Persero Tbk PT | | | 7,330,208 | |
| | | | | | | | |
| | | | | | | 10,575,797 | |
| | | | | | | | |
| | | | Ireland - 0.2% | |
| | 1,218,668 | | | AIB Group plc* | | | 1,378,539 | |
| | 498,558 | | | Bank of Ireland Group plc* | | | 1,237,045 | |
| | 432,166 | | | Glenveagh Properties plc*(3) | | | 370,416 | |
| | 129,726 | | | Kenmare Resources plc | | | 487,490 | |
| | | | | | | | |
| | | | | | | 3,473,490 | |
| | | | | | | | |
| | | | Isle of Man - 0.1% | |
| | 637,632 | | | Strix Group plc | | | 1,854,487 | |
| | | | | | | | |
| | | | Israel - 1.3% | |
| | 290,202 | | | Bank Hapoalim BM | | | 1,693,999 | |
| | 233,412 | | | Bank Leumi Le-Israel BM | | | 1,100,078 | |
| | 1,074,697 | | | Bezeq The Israeli Telecommunication Corp. Ltd.* | | | 1,211,785 | |
| | 149,657 | | | Check Point Software Technologies Ltd.* | | | 16,995,049 | |
| | 21,144 | | | Isracard Ltd. | | | 59,654 | |
| | 88,700 | | | Ituran Location and Control Ltd. | | | 1,255,105 | |
| | 1 | | | Mehadrin Ltd.* | | | 27 | |
| | 142,688 | | | Phoenix Holdings Ltd.* | | | 747,929 | |
| | | | | | | | |
| | | | | | | 23,063,626 | |
| | | | | | | | |
| | | | Italy - 1.4% | |
| | 364,471 | | | Anima Holding S.p.A.(3) | | | 1,365,589 | |
| | 42,739 | | | Azimut Holding S.p.A. | | | 720,420 | |
| | 63,299 | | | Banca Farmafactoring S.p.A.*(3) | | | 292,036 | |
| | 173,316 | | | Cerved Group S.p.A.* | | | 1,226,345 | |
| | 365,649 | | | Enel S.p.A. | | | 2,907,093 | |
| | 561,266 | | | Eni S.p.A. | | | 3,931,693 | |
| | 632,197 | | | Italgas S.p.A. | | | 3,653,298 | |
| | 189,946 | | | Mediobanca Banca di Credito Finanziario S.p.A. | | | 1,348,563 | |
| | 198,253 | | | Prysmian S.p.A. | | | 5,394,940 | |
| | 437,970 | | | Snam S.p.A. | | | 2,135,577 | |
| | 127,399 | | | Societa Cattolica di Assicurazioni S.c.r.l.* | | | 629,912 | |
| | | | | | | | |
| | | | | | | 23,605,466 | |
| | | | | | | | |
| | | | Japan - 16.9% | |
| | 107,800 | | | ADEKA Corp. | | | 1,394,047 | |
| | 107,500 | | | Aida Engineering Ltd. | | | 822,198 | |
| | 121,700 | | | Aisin Seiki Co., Ltd. | | | 3,687,275 | |
| | 96,700 | | | Amada Co., Ltd. | | | 841,643 | |
| | 25,600 | | | Arcland Sakamoto Co., Ltd. | | | 493,199 | |
| | 24,800 | | | Arcs Co., Ltd. | | | 549,010 | |
| | 54,300 | | | Arisawa Manufacturing Co., Ltd. | | | 474,301 | |
| | 75,400 | | | Asahi Diamond Industrial Co., Ltd. | | | 345,994 | |
| | 18,700 | | | Asahi Glass Co., Ltd. | | | 583,925 | |
| | 30,900 | | | Asahi Holdings, Inc. | | | 1,007,645 | |
| | 27,200 | | | Asahi Yukizai Corp. | | | 352,115 | |
| | 9,000 | | | Asanuma Corp. | | | 347,718 | |
| | 1,512,300 | | | Astellas Pharma, Inc. | | | 20,738,074 | |
| | 1,900 | | | Atsugi Co., Ltd. | | | 9,395 | |
| | 1,500 | | | Bando Chemical Industries Ltd. | | | 8,188 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Japan - 16.9% - (continued) | |
| | 25,700 | | | Canon Electronics, Inc. | | $ | 354,560 | |
| | 29,700 | | | Canon Marketing Japan, Inc. | | | 632,702 | |
| | 428,100 | | | Citizen Watch Co., Ltd. | | | 1,134,168 | |
| | 3,100 | | | Corona Corp. | | | 27,932 | |
| | 74,300 | | | Dai Nippon Printing Co., Ltd. | | | 1,384,166 | |
| | 94,100 | | | Dai-ichi Life Holdings, Inc. | | | 1,405,422 | |
| | 46,300 | | | Daiho Corp. | | | 1,487,666 | |
| | 71,700 | | | Daikyonishikawa Corp. | | | 397,429 | |
| | 1,800 | | | Dainichi Co., Ltd. | | | 12,847 | |
| | 26,900 | | | Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | | | 557,766 | |
| | 13,600 | | | Daito Pharmaceutical Co., Ltd. | | | 519,548 | |
| | 523,700 | | | Daiwa Securities Group, Inc. | | | 2,121,937 | |
| | 52,200 | | | Daiwabo Holdings Co., Ltd. | | | 3,417,227 | |
| | 95,900 | | | DCM Holdings Co., Ltd. | | | 1,188,265 | |
| | 55,000 | | | DeNA Co., Ltd. | | | 938,415 | |
| | 26,400 | | | Denso Corp. | | | 1,230,149 | |
| | 57,700 | | | DIC Corp. | | | 1,404,754 | |
| | 19,900 | | | Doutor Nichires Holdings Co., Ltd. | | | 279,355 | |
| | 30,800 | | | Dowa Holdings Co., Ltd. | | | 881,460 | |
| | 36,000 | | | Eagle Industry Co., Ltd. | | | 286,393 | |
| | 78,000 | | | EDION Corp.(2) | | | 768,282 | |
| | 61,600 | | | Exedy Corp. | | | 776,592 | |
| | 124,500 | | | FCC Co., Ltd. | | | 2,389,083 | |
| | 42,100 | | | Ferrotec Holdings Corp. | | | 406,740 | |
| | 46,400 | | | Foster Electric Co., Ltd. | | | 533,793 | |
| | 1,600 | | | Fujishoji Co., Ltd. | | | 11,067 | |
| | 1,100 | | | FuKoKu Co., Ltd. | | | 6,867 | |
| | 10,900 | | | Fukuda Denshi Co., Ltd. | | | 736,886 | |
| | 29,400 | | | G-Tekt Corp. | | | 331,261 | |
| | 24,100 | | | Goldcrest Co., Ltd. | | | 307,935 | |
| | 237,400 | | | Hachijuni Bank Ltd. | | | 876,735 | |
| | 26,300 | | | Hamakyorex Co., Ltd. | | | 746,190 | |
| | 364,300 | | | Haseko Corp. | | | 4,367,643 | |
| | 226,500 | | | Hazama Ando Corp. | | | 1,407,161 | |
| | 35,500 | | | Heiwa Corp. | | | 573,931 | |
| | 99,000 | | | Hino Motors Ltd. | | | 758,511 | |
| | 37,400 | | | Hirano Tecseed Co., Ltd. | | | 556,800 | |
| | 174,100 | | | Hitachi Ltd. | | | 5,867,918 | |
| | 106,900 | | | Hokuetsu Kishu Paper Co., Ltd. | | | 353,122 | |
| | 168,900 | | | Honda Motor Co., Ltd. | | | 3,994,980 | |
| | 57,400 | | | Hosiden Corp. | | | 508,875 | |
| | 80,900 | | | Idemitsu Kosan Co., Ltd. | | | 1,636,119 | |
| | 10,500 | | | Imasen Electric Industrial | | | 58,878 | |
| | 26,000 | | | Inaba Denki Sangyo Co., Ltd. | | | 625,910 | |
| | 939,800 | | | Inpex Corp. | | | 4,456,905 | |
| | 309,900 | | | Isuzu Motors Ltd. | | | 2,514,372 | |
| | 267,000 | | | ITOCHU Corp. | | | 6,412,941 | |
| | 22,200 | | | Iwatani Corp. | | | 1,007,270 | |
| | 210,000 | | | Iyo Bank Ltd. | | | 1,317,941 | |
| | 3,900 | | | Japan Foundation Engineering Co., Ltd. | | | 15,947 | |
| | 132,000 | | | Japan Petroleum Exploration Co., Ltd. | | | 2,087,168 | |
| | 47,200 | | | Japan Post Insurance Co., Ltd. | | | 748,172 | |
| | 211,600 | | | JGC Holdings Corp. | | | 1,739,854 | |
| | 21,800 | | | K&O Energy Group, Inc. | | | 300,226 | |
| | 275,100 | | | Kamigumi Co., Ltd. | | | 4,921,785 | |
| | 91,000 | | | Kanamoto Co., Ltd.(2) | | | 1,877,309 | |
| | 63,800 | | | Kandenko Co., Ltd. | | | 478,774 | |
| | 45,500 | | | Kaneka Corp. | | | 1,273,282 | |
| | 33,600 | | | Kanematsu Corp. | | | 398,407 | |
| | 42,700 | | | Kanto Denka Kogyo Co., Ltd. | | | 288,142 | |
| | 50,600 | | | Kasai Kogyo Co., Ltd. | | | 167,979 | |
| | 690,900 | | | KDDI Corp. | | | 18,692,292 | |
| | 29,600 | | | Kinden Corp. | | | 464,123 | |
| | 26,400 | | | Kintetsu World Express, Inc. | | | 561,213 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Japan - 16.9% - (continued) | |
| | 18,100 | | | Kissei Pharmaceutical Co., Ltd. | | $ | 356,190 | |
| | 22,000 | | | Kohnan Shoji Co., Ltd. | | | 751,211 | |
| | 35,200 | | | Kokuyo Co., Ltd. | | | 478,285 | |
| | 26,400 | | | Komeri Co., Ltd. | | | 777,265 | |
| | 29,600 | | | Kumagai Gumi Co., Ltd. | | | 684,149 | |
| | 29,700 | | | Kureha Corp. | | | 1,260,776 | |
| | 31,200 | | | Kyokuto Kaihatsu Kogyo Co., Ltd. | | | 384,894 | |
| | 45,600 | | | Kyudenko Corp. | | | 1,244,480 | |
| | 107,900 | | | Kyushu Electric Power Co., Inc. | | | 904,574 | |
| | 14,300 | | | Life Corp. | | | 502,923 | |
| | 36,700 | | | Makino Milling Machine Co., Ltd. | | | 1,263,225 | |
| | 615,200 | | | Marubeni Corp. | | | 3,212,086 | |
| | 57,300 | | | MCJ Co., Ltd. | | | 528,072 | |
| | 284,500 | | | Mitsubishi Gas Chemical Co., Inc. | | | 5,186,257 | |
| | 35,000 | | | Mitsubishi Logistics Corp. | | | 921,104 | |
| | 34,100 | | | Mitsubishi Materials Corp. | | | 625,709 | |
| | 22,200 | | | Mitsuboshi Belting Ltd. | | | 347,534 | |
| | 162,100 | | | Mitsui & Co., Ltd. | | | 2,539,052 | |
| | 30,800 | | | Mitsui Mining & Smelting Co., Ltd. | | | 777,467 | |
| | 34,600 | | | Mitsui Sugar Co., Ltd. | | | 601,510 | |
| | 35,400 | | | Mizuno Corp. | | | 592,169 | |
| | 23,200 | | | Modec, Inc. | | | 337,010 | |
| | 3,900 | | | Murakami Corp. | | | 96,693 | |
| | 105,800 | | | Musashi Seimitsu Industry Co., Ltd. | | | 1,105,908 | |
| | 88,300 | | | Nagase & Co., Ltd. | | | 1,151,444 | |
| | 390,000 | | | Nexon Co., Ltd. | | | 10,869,649 | |
| | 21,700 | | | Nextage Co., Ltd. | | | 260,490 | |
| | 229,000 | | | NHK Spring Co., Ltd. | | | 1,384,675 | |
| | 16,200 | | | Nichias Corp. | | | 350,865 | |
| | 4,000 | | | Nichireki Co., Ltd. | | | 64,506 | |
| | 10,868 | | | Nichirin Co., Ltd. | | | 144,037 | |
| | 41,700 | | | Nikkon Holdings Co., Ltd. | | | 798,082 | |
| | 247,800 | | | Nikon Corp. | | | 1,510,182 | |
| | 18,500 | | | Nippo Corp. | | | 475,194 | |
| | 14,100 | | | Nippon Carbon Co., Ltd. | | | 490,939 | |
| | 71,700 | | | Nippon Electric Glass Co., Ltd. | | | 1,410,193 | |
| | 132,400 | | | Nippon Kayaku Co., Ltd. | | | 1,139,398 | |
| | 96,950 | | | Nippon Light Metal Holdings Co., Ltd. | | | 1,531,265 | |
| | 31,900 | | | Nippon Pillar Packing Co., Ltd. | | | 434,806 | |
| | 26,600 | | | Nippon Seiki Co., Ltd. | | | 299,855 | |
| | 29,400 | | | Nippon Shokubai Co., Ltd. | | | 1,439,675 | |
| | 23,700 | | | Nippon Soda Co., Ltd. | | | 621,953 | |
| | 475,400 | | | Nippon Telegraph & Telephone Corp. | | | 10,000,435 | |
| | 53,300 | | | Nishio Rent All Co., Ltd. | | | 1,034,452 | |
| | 15,000 | | | Nisshin Oillio Group Ltd. | | | 431,174 | |
| | 22,200 | | | Nitta Corp. | | | 468,114 | |
| | 13,700 | | | Nojima Corp. | | | 384,491 | |
| | 137,100 | | | NOK Corp. | | | 1,563,490 | |
| | 295,800 | | | Nomura Holdings, Inc. | | | 1,324,722 | |
| | 12,400 | | | Noritake Co. Ltd. | | | 364,771 | |
| | 373,100 | | | Obayashi Corp. | | | 3,122,227 | |
| | 635,000 | | | Oji Holdings Corp. | | | 2,676,155 | |
| | 47,400 | | | Okamura Corp. | | | 361,996 | |
| | 51,400 | | | Okinawa Cellular Telephone Co. | | | 2,058,359 | |
| | 20,600 | | | Okura Industrial Co., Ltd. | | | 342,419 | |
| | 78,800 | | | Open House Co., Ltd. | | | 2,683,309 | |
| | 65,000 | | | Osaki Electric Co., Ltd. | | | 392,127 | |
| | 28,500 | | | Oyo Corp. | | | 327,180 | |
| | 238,100 | | | Penta-Ocean Construction Co., Ltd. | | | 1,509,835 | |
| | 36,000 | | | Piolax, Inc. | | | 528,102 | |
| | 198,500 | | | Press Kogyo Co., Ltd. | | | 528,249 | |
| | 159,600 | | | Rengo Co., Ltd. | | | 1,227,953 | |
| | 26,100 | | | Ryosan Co., Ltd. | | | 482,843 | |
| | 29,200 | | | Sanki Engineering Co., Ltd. | | | 316,576 | |
| | 2,000 | | | Sanko Metal Industrial Co., Ltd. | | | 47,975 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Japan - 16.9% - (continued) | |
| | 13,000 | | | Sanyo Chemical Industries Ltd. | | $ | 550,912 | |
| | 46,900 | | | Sawai Pharmaceutical Co., Ltd. | | | 2,260,561 | |
| | 18,600 | | | SEC Carbon Ltd.(2) | | | 1,001,415 | |
| | 321,900 | | | Seino Holdings Co., Ltd. | | | 4,159,708 | |
| | 234,000 | | | Sekisui House Ltd. | | | 3,887,513 | |
| | 42,300 | | | Sekisui Jushi Corp. | | | 854,161 | |
| | 89,000 | | | Shikoku Chemicals Corp. | | | 980,310 | |
| | 19,800 | | | Shimachu Co., Ltd. | | | 1,046,571 | |
| | 310,900 | | | Shimizu Corp. | | | 2,158,689 | |
| | 17,600 | | | Shinko Electric Industries Co., Ltd. | | | 307,047 | |
| | 70,600 | | | Shinnihon Corp. | | | 589,293 | |
| | 32,200 | | | Shionogi & Co., Ltd. | | | 1,518,872 | |
| | 108,700 | | | Shizuoka Bank Ltd. | | | 731,088 | |
| | 33,000 | | | Shizuoka Gas Co., Ltd. | | | 290,206 | |
| | 43,000 | | | Sintokogio Ltd. | | | 296,750 | |
| | 29,500 | | | SK-Electronics Co., Ltd.* | | | 314,616 | |
| | 327,100 | | | SKY Perfect JSAT Holdings, Inc. | | | 1,396,385 | |
| | 197,600 | | | Softbank Corp. | | | 2,299,563 | |
| | 26,700 | | | Sumitomo Bakelite Co., Ltd. | | | 755,687 | |
| | 125,600 | | | Sumitomo Corp. | | | 1,374,136 | |
| | 383,800 | | | Sumitomo Electric Industries Ltd. | | | 4,237,180 | |
| | 115,500 | | | Sumitomo Forestry Co., Ltd. | | | 1,819,422 | |
| | 87,700 | | | Sumitomo Heavy Industries Ltd. | | | 1,879,698 | |
| | 146,500 | | | Sumitomo Mitsui Construction Co., Ltd. | | | 565,407 | |
| | 43,000 | | | Sumitomo Mitsui Financial Group, Inc. | | | 1,190,322 | |
| | 140,800 | | | Sumitomo Rubber Industries Ltd. | | | 1,238,508 | |
| | 33,600 | | | Sumitomo Seika Chemicals Co., Ltd. | | | 1,069,602 | |
| | 28,400 | | | Sumitomo Warehouse Co., Ltd. (The) | | | 332,193 | |
| | 32,900 | | | Tachi-S Co., Ltd. | | | 332,409 | |
| | 55,300 | | | Tadano Ltd. | | | 423,244 | |
| | 19,000 | | | Taihei Dengyo Kaisha Ltd. | | | 410,516 | |
| | 106,300 | | | Taisei Corp. | | | 3,307,833 | |
| | 12,500 | | | Taiyo Holdings Co., Ltd. | | | 654,409 | |
| | 56,600 | | | Takuma Co., Ltd. | | | 866,682 | |
| | 20,300 | | | Tamron Co., Ltd. | | | 302,996 | |
| | 107,100 | | | Toagosei Co., Ltd. | | | 1,133,930 | |
| | 25,100 | | | Tokai Corp. | | | 489,637 | |
| | 41,700 | | | Tokai Rika Co., Ltd. | | | 653,475 | |
| | 74,200 | | | Tokuyama Corp. | | | 1,653,670 | |
| | 63,600 | | | Tokyo Broadcasting System Holdings, Inc. | | | 982,142 | |
| | 9,600 | | | Tokyotokeiba Co., Ltd. | | | 477,891 | |
| | 174,300 | | | Tokyu Construction Co., Ltd. | | | 767,031 | |
| | 301,300 | | | Toppan Printing Co., Ltd. | | | 3,831,449 | |
| | 74,800 | | | Topre Corp. | | | 751,873 | |
| | 561,800 | | | Toray Industries, Inc. | | | 2,542,090 | |
| | 9,900 | | | Torii Pharmaceutical Co., Ltd. | | | 281,082 | |
| | 110,500 | | | Toshiba Corp. | | | 2,795,192 | |
| | 105,600 | | | Toyo Construction Co., Ltd. | | | 404,292 | |
| | 38,200 | | | Toyo Ink SC Holdings Co., Ltd. | | | 709,766 | |
| | 22,200 | | | Toyo Kanetsu KK | | | 475,162 | |
| | 120,100 | | | Toyo Seikan Group Holdings Ltd. | | | 1,122,024 | |
| | 38,400 | | | Toyo Tanso Co., Ltd. | | | 647,902 | |
| | 21,400 | | | Toyoda Gosei Co., Ltd. | | | 543,879 | |
| | 36,100 | | | Toyota Boshoku Corp. | | | 524,382 | |
| | 102,200 | | | Toyota Tsusho Corp. | | | 2,851,922 | |
| | 44,400 | | | TPR Co., Ltd. | | | 531,667 | |
| | 5,700 | | | Trancom Co., Ltd. | | | 409,567 | |
| | 75,800 | | | TS Tech Co., Ltd. | | | 2,098,050 | |
| | 34,400 | | | Tsubakimoto Chain Co. | | | 763,844 | |
| | 11,900 | | | Tsumura & Co. | | | 349,281 | |
| | 20,200 | | | Tv Tokyo Holdings Corp. | | | 450,365 | |
| | 65,900 | | | Ube Industries Ltd. | | | 1,131,367 | |
| | 75,400 | | | Unipres Corp. | | | 584,062 | |
| | 36,700 | | | United Super Markets Holdings, Inc. | | | 394,791 | |
| | 34,000 | | | Ushio, Inc. | | | 379,802 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Japan - 16.9% - (continued) | |
| | 3,100 | | | Utoc Corp. | | $ | 13,928 | |
| | 15,800 | | | Valor Holdings Co., Ltd. | | | 389,232 | |
| | 92,000 | | | Wakita & Co., Ltd. | | | 952,367 | |
| | 52,900 | | | Yokogawa Bridge Holdings Corp. | | | 936,357 | |
| | 77,000 | | | Yokohama Rubber Co., Ltd. | | | 1,106,058 | |
| | 18,500 | | | Yuasa Trading Co., Ltd. | | | 527,043 | |
| | 54,500 | | | Yurtec Corp. | | | 329,781 | |
| | 98,600 | | | Zenkoku Hosho Co., Ltd. | | | 3,888,580 | |
| | | | | | | | |
| | | | | | | 295,953,811 | |
| | | | | | | | |
| | | �� | Luxembourg - 0.3% | |
| | 101,746 | | | RTL Group S.A.* | | | 3,866,039 | |
| | 166,565 | | | Tenaris S.A. | | | 794,853 | |
| | | | | | | | |
| | | | | | | 4,660,892 | |
| | | | | | | | |
| | | | Malaysia - 0.6% | |
| | 48,400 | | | AFFIN Bank Bhd | | | 15,944 | |
| | 396,800 | | | AMMB Holdings Bhd | | | 272,311 | |
| | 9,062,400 | | | Astro Malaysia Holdings Bhd | | | 1,593,032 | |
| | 1,628,800 | | | Genting Bhd | | | 1,161,107 | |
| | 768,200 | | | Lingkaran Trans Kota Holdings Bhd | | | 721,694 | |
| | 1,992,286 | | | Lynas Corp. Ltd.* | | | 3,963,755 | |
| | 1,202,300 | | | My EG Services Bhd | | | 397,806 | |
| | 117,000 | | | Petronas Gas Bhd | | | 443,845 | |
| | 944,900 | | | RHB Bank Bhd | | | 961,683 | |
| | 186,200 | | | Scientex BHD | | | 532,759 | |
| | 635,200 | | | VS Industry Bhd | | | 358,180 | |
| | | | | | | | |
| | | | | | | 10,422,116 | |
| | | | | | | | |
| | | | Mexico - 1.0% | |
| | 80,102 | | | America Movil S.A.B. de C.V. Class L, ADR | | | 954,816 | |
| | 705,000 | | | Banco del Bajio S.A.*(3) | | | 584,633 | |
| | 1,529,501 | | | Bolsa Mexicana de Valores S.A.B. de C.V. | | | 3,113,587 | |
| | 3,587,200 | | | Concentradora Fibra Danhos S.A. de C.V. REIT(2) | | | 3,240,259 | |
| | 658,100 | | | Gentera S.A.B. de C.V.* | | | 155,128 | |
| | 437,100 | | | GMexico Transportes S.A.B. de C.V.(2)(3) | | | 518,878 | |
| | 236,900 | | | Grupo Financiero Banorte S.A.B. de C.V. Class O* | | | 1,056,537 | |
| | 1,043,300 | | | Grupo Financiero Inbursa S.A.B. de C.V. Class O* | | | 773,197 | |
| | 23,825 | | | Industrias Penoles S.A.B. de C.V. | | | 380,544 | |
| | 3,750,033 | | | Kimberly-Clark de Mexico S.A.B. de C.V. Class A | | | 5,600,785 | |
| | 583,200 | | | Megacable Holdings S.A.B. de C.V. UNIT | | | 1,847,632 | |
| | 2 | | | Urbi Desarrollos Urbanos S.A.B. de C.V.* | | | 1 | |
| | | | | | | | |
| | | | | | | 18,225,997 | |
| | | | | | | | |
| | | | Monaco - 0.2% | |
| | 167,847 | | | Endeavour Mining Corp.* | | | 4,117,121 | |
| | | | | | | | |
| | | | Netherlands - 2.4% | |
| | 20,037 | | | AMG Advanced Metallurgical Group N.V. | | | 360,682 | |
| | 332,897 | | | ASR Nederland N.V. | | | 10,101,919 | |
| | 226,365 | | | ING Groep N.V.* | | | 1,550,536 | |
| | 21,747 | | | Intertrust N.V.(3) | | | 337,185 | |
| | 156,435 | | | NN Group N.V. | | | 5,444,084 | |
| | 3,596,154 | | | Pharming Group N.V.*(2) | | | 3,739,280 | |
| | 589,673 | | | PostNL N.V.* | | | 1,955,782 | |
| | 708,619 | | | Royal Dutch Shell plc Class A(2) | | | 8,983,433 | |
| | 391,649 | | | Royal Dutch Shell plc Class B | | | 4,723,026 | |
| | 138,459 | | | Signify N.V.*(3) | | | 4,914,647 | |
| | | | | | | | |
| | | | | | | 42,110,574 | |
| | | | | | | | |
| | | | New Zealand - 0.1% | |
| | 380,495 | | | Freightways Ltd. | | | 2,111,575 | |
| | | | | | | | |
| | | | Norway - 2.0% | |
| | 64,802 | | | Austevoll Seafood ASA | | | 441,399 | |
| | 1,039,072 | | | Equinor ASA | | | 13,258,257 | |
| | 234,105 | | | Europris ASA(3) | | | 1,216,840 | |
| | 186,850 | | | Frontline Ltd. | | | 1,036,982 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Norway - 2.0% - (continued) | |
| | 175,415 | | | Nordic American Tankers Ltd.(2) | | $ | 510,458 | |
| | 1,044,647 | | | Norsk Hydro ASA* | | | 2,935,839 | |
| | 984,152 | | | Telenor ASA | | | 15,207,392 | |
| | | | | | | | |
| | | | | | | 34,607,167 | |
| | | | | | | | |
| | | | Peru - 0.0% | |
| | 124,032 | | | Hochschild Mining plc* | | | 353,810 | |
| | | | | | | | |
| | | | Philippines - 0.0% | |
| | 373,000 | | | Metropolitan Bank & Trust Co. | | | 313,525 | |
| | | | | | | | |
| | | | Poland - 0.8% | |
| | 10,893 | | | Grupa Kety S.A. | | | 1,129,695 | |
| | 57,104 | | | Grupa Lotos S.A. | | | 402,735 | |
| | 89,217 | | | KGHM Polska Miedz S.A.* | | | 2,669,558 | |
| | 119,449 | | | Polski Koncern Naftowy ORLEN S.A. | | | 1,151,268 | |
| | 2,858,363 | | | Polskie Gornictwo Naftowe i Gazownictwo S.A. | | | 3,014,280 | |
| | 813,844 | | | Powszechna Kasa Oszczednosci Bank Polski S.A.* | | | 3,904,173 | |
| | 9,654 | | | Santander Bank Polska S.A.* | | | 300,512 | |
| | 7,379 | | | TEN Square Games S.A. | | | 1,179,816 | |
| | 46,691 | | | Warsaw Stock Exchange | | | 508,153 | |
| | | | | | | | |
| | | | | | | 14,260,190 | |
| | | | | | | | |
| | | | Portugal - 0.0% | |
| | 103,019 | | | NOS SGPS S.A. | | | 354,053 | |
| | | | | | | | |
| | | | Russia - 1.4% | |
| | 125,958 | | | Gazprom PJSC ADR | | | 482,552 | |
| | 64,397 | | | Globaltrans Investment plc GDR | | | 364,262 | |
| | 90,029 | | | LUKOIL PJSC ADR | | | 4,603,971 | |
| | 119,183 | | | MMC Norilsk Nickel PJSC ADR | | | 2,840,655 | |
| | 148,918 | | | Mobile TeleSystems PJSC ADR | | | 1,164,539 | |
| | 76,021 | | | PhosAgro PJSC GDR | | | 875,948 | |
| | 272,619 | | | Polymetal International plc | | | 5,794,380 | |
| | 35,705 | | | Polyus PJSC GDR | | | 3,511,911 | |
| | 539,390 | | | RusHydro PJSC ADR | | | 463,269 | |
| | 651,414 | | | Surgutneftegas PJSC ADR | | | 2,675,591 | |
| | 27,928 | | | Tatneft PJSC ADR | | | 867,953 | |
| | | | | | | | |
| | | | | | | 23,645,031 | |
| | | | | | | | |
| | | | Singapore - 1.2% | |
| | 74,100 | | | BOC Aviation Ltd.(3) | | | 458,838 | |
| | 31,600 | | | China Yuchai International Ltd. | | | 550,788 | |
| | 358,500 | | | DBS Group Holdings Ltd. | | | 5,340,163 | |
| | 1,400,000 | | | IGG, Inc. | | | 1,515,485 | |
| | 965,300 | | | Oversea-Chinese Banking Corp. Ltd. | | | 5,953,725 | |
| | 224,300 | | | Riverstone Holdings Ltd. | | | 624,874 | |
| | 205,600 | | | United Overseas Bank Ltd. | | | 2,856,698 | |
| | 790,100 | | | UOL Group Ltd. | | | 3,601,428 | |
| | | | | | | | |
| | | | | | | 20,901,999 | |
| | | | | | | | |
| | | | South Africa - 2.8% | |
| | 76,147 | | | AECI Ltd. | | | 356,877 | |
| | 93,593 | | | Anglo American Platinum Ltd. | | | 6,197,254 | |
| | 226,999 | | | AngloGold Ashanti Ltd. ADR | | | 5,252,757 | |
| | 666,625 | | | AVI Ltd. | | | 3,012,844 | |
| | 268,724 | | | Barloworld Ltd. | | | 944,149 | |
| | 518,799 | | | Gold Fields Ltd. ADR | | | 5,670,473 | |
| | 576,187 | | | Harmony Gold Mining Co., Ltd. ADR* | | | 2,829,078 | |
| | 94,262 | | | Hudaco Industries Ltd. | | | 458,129 | |
| | 364,245 | | | Impala Platinum Holdings Ltd. | | | 3,241,897 | |
| | 351,191 | | | MTN Group Ltd. | | | 1,253,931 | |
| | 68,754 | | | MultiChoice Group Ltd. | | | 567,006 | |
| | 4,458 | | | Naspers Ltd. Class N | | | 870,324 | |
| | 4,461,943 | | | Netcare Ltd. | | | 3,536,927 | |
| | 391,903 | | | Northam Platinum Ltd.* | | | 3,765,376 | |
| | 73,987 | | | Oceana Group Ltd. | | | 270,056 | |
| | 1,074,205 | | | RMB Holdings Ltd. | | | 71,046 | |
| | 89,111 | | | Royal Bafokeng Platinum Ltd.* | | | 321,317 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | South Africa - 2.8% - (continued) | |
| | 278,954 | | | Sanlam Ltd. | | $ | 813,684 | |
| | 227,873 | | | Standard Bank Group Ltd. | | | 1,490,037 | |
| | 200,209 | | | Truworths International Ltd. | | | 384,701 | |
| | 946,985 | | | Vodacom Group Ltd. | | | 7,136,455 | |
| | | | | | | | |
| | | | | | | 48,444,318 | |
| | | | | | | | |
| | | | South Korea - 7.5% | |
| | 6,959 | | | AfreecaTV Co., Ltd. | | | 368,984 | |
| | 30,450 | | | Asia Paper Manufacturing Co., Ltd. | | | 830,748 | |
| | 131,840 | | | BH Co., Ltd.* | | | 2,388,885 | |
| | 7,027 | | | CJ CheilJedang Corp. | | | 2,247,352 | |
| | 10,034 | | | Com2uSCorp | | | 989,587 | |
| | 30,013 | | | Daeduck Co., Ltd.(1) | | | 163,270 | |
| | 25,127 | | | Daelim Industrial Co., Ltd. | | | 1,736,651 | |
| | 19,133 | | | Daesang Corp. | | | 406,901 | |
| | 34,429 | | | DB HiTek Co., Ltd. | | | 977,522 | |
| | 13,797 | | | DB Insurance Co., Ltd. | | | 539,409 | |
| | 47,330 | | | DongKook Pharmaceutical Co., Ltd. | | | 1,012,611 | |
| | 14,160 | | | DoubleUGames Co., Ltd. | | | 773,038 | |
| | 6,010 | | | E-Mart, Inc. | | | 756,647 | |
| | 15,137 | | | Echo Marketing, Inc. | | | 318,990 | |
| | 17,476 | | | Ecopro Co., Ltd. | | | 663,492 | |
| | 7,467 | | | Eo Technics Co., Ltd. | | | 582,639 | |
| | 18,566 | | | Eugene Technology Co., Ltd. | | | 445,493 | |
| | 6,878 | | | GS Home Shopping, Inc. | | | 843,982 | |
| | 138,428 | | | Hana Financial Group, Inc. | | | 3,739,281 | |
| | 18,238 | | | Handsome Co., Ltd. | | | 450,922 | |
| | 79,766 | | | Hankook Tire & Technology Co., Ltd. | | | 2,234,583 | |
| | 12,182 | | | Hansol Chemical Co., Ltd. | | | 1,519,786 | |
| | 93,012 | | | Hanwha Chemical Corp. | | | 3,615,528 | |
| | 31,319 | | | Hanyang Eng Co., Ltd. | | | 304,169 | |
| | 7,546 | | | Huons Co., Ltd. | | | 372,987 | |
| | 27,797 | | | Hyundai Department Store Co., Ltd. | | | 1,459,919 | |
| | 22,580 | | | Hyundai Engineering & Construction Co., Ltd. | | | 615,556 | |
| | 5,371 | | | Hyundai Glovis Co., Ltd. | | | 798,214 | |
| | 35,233 | | | Hyundai Greenfood Co., Ltd. | | | 226,624 | |
| | 6,416 | | | Hyundai Home Shopping Network Corp. | | | 401,175 | |
| | 23,441 | | | Hyundai Mobis Co., Ltd. | | | 4,696,721 | |
| | 23,751 | | | Hyundai Motor Co. | | | 3,476,577 | |
| | 7,574 | | | InnoWireless, Inc. | | | 338,364 | |
| | 30,973 | | | INTOPS Co., Ltd. | | | 446,144 | |
| | 115,243 | | | KB Financial Group, Inc. | | | 4,122,218 | |
| | 3,804 | | | KCC Corp. | | | 516,236 | |
| | 66,908 | | | KEPCO Plant Service & Engineering Co., Ltd. | | | 1,625,767 | |
| | 67,782 | | | Kginicis Co., Ltd. | | | 1,132,824 | |
| | 101,808 | | | Kia Motors Corp. | | | 4,566,001 | |
| | 7,236 | | | KIWOOM Securities Co., Ltd. | | | 661,917 | |
| | 10,965 | | | Kolmar BNH Co., Ltd. | | | 504,494 | |
| | 2,298 | | | Korea Petrochemical Ind Co., Ltd. | | | 395,051 | |
| | 31,466 | | | Kortek Corp. | | | 223,182 | |
| | 59,066 | | | KT Skylife Co., Ltd. | | | 496,003 | |
| | 62,607 | | | KT&G Corp. | | | 4,470,399 | |
| | 11,425 | | | Kumho Petrochemical Co., Ltd. | | | 1,351,441 | |
| | 67,479 | | | LG Corp. | | | 4,040,578 | |
| | 104,937 | | | LG Display Co., Ltd.* | | | 1,310,297 | |
| | 97,749 | | | LG Electronics, Inc. | | | 7,266,606 | |
| | 10,965 | | | LG Innotek Co., Ltd. | | | 1,486,487 | |
| | 10,897 | | | Lotte Chemical Corp. | | | 2,253,654 | |
| | 20,625 | | | Lotte Corp. | | | 519,894 | |
| | 46,070 | | | LOTTE Fine Chemical Co., Ltd. | | | 1,978,813 | |
| | 9,141 | | | LS Corp. | | | 418,744 | |
| | 15,931 | | | Mcnex Co., Ltd. | | | 467,329 | |
| | 86,970 | | | Mirae Asset Daewoo Co., Ltd. | | | 647,961 | |
| | 14,040 | | | NCSoft Corp. | | | 9,646,657 | |
| | 88,082 | | | NH Investment & Securities Co., Ltd. | | | 746,252 | |
| | 6,919 | | | NHN Corp.* | | | 425,795 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | South Korea - 7.5% - (continued) | |
| | 15,479 | | | OCI Co., Ltd.* | | $ | 852,249 | |
| | 1,324 | | | Orion Corp/Republic of Korea | | | 126,864 | |
| | 139,200 | | | Pan Ocean Co., Ltd.* | | | 443,203 | |
| | 40,861 | | | Partron Co., Ltd. | | | 351,755 | |
| | 5,887 | | | POSCO | | | 1,086,765 | |
| | 36,315 | | | Sammok S-Form Co., Ltd. | | | 240,805 | |
| | 20,680 | | | Samsung Card Co., Ltd. | | | 536,698 | |
| | 231,605 | | | Samsung Electronics Co., Ltd. | | | 11,641,766 | |
| | 4,271 | | | Samsung Electronics Co., Ltd. GDR | | | 5,388,167 | |
| | 90,445 | | | Samsung Engineering Co., Ltd.* | | | 945,728 | |
| | 32,897 | | | Samsung Securities Co., Ltd. | | | 937,082 | |
| | 634,176 | | | Seohee Construction Co., Ltd. | | | 636,077 | |
| | 12,783 | | | SFA Engineering Corp. | | | 412,539 | |
| | 13,569 | | | Shindaeyang Paper Co., Ltd. | | | 613,138 | |
| | 29,771 | | | Shinhan Financial Group Co., Ltd. | | | 807,755 | |
| | 7,977 | | | Silicon Works Co., Ltd. | | | 321,654 | |
| | 8,380 | | | SK Discovery Co., Ltd. | | | 467,946 | |
| | 45,773 | | | SK Hynix, Inc. | | | 3,247,267 | |
| | 10,068 | | | SK Telecom Co., Ltd. | | | 1,909,181 | |
| | 17,898 | | | Soulbrain Co., Ltd.* | | | 3,429,122 | |
| | 22,135 | | | Soulbrain Holdings Co., Ltd. | | | 843,778 | |
| | 16,337 | | | Spigen Korea Co., Ltd. | | | 900,664 | |
| | 304 | | | Taekwang Industrial Co., Ltd. | | | 191,371 | |
| | 5,289 | | | Tokai Carbon Korea Co., Ltd. | | | 432,545 | |
| | 16,888 | | | Webzen, Inc.* | | | 478,773 | |
| | 23,945 | | | Wonik IPS Co., Ltd* | | | 683,124 | |
| | 10,343 | | | Youngone Holdings Co., Ltd. | | | 326,091 | |
| | 7,166 | | | Zinus, Inc. | | | 559,048 | |
| | | | | | | | |
| | | | | | | 130,828,506 | |
| | | | | | | | |
| | | | Spain - 1.0% | |
| | 13,440 | | | Acciona S.A. | | | 1,357,931 | |
| | 68,192 | | | Acerinox S.A.* | | | 541,327 | |
| | 119,821 | | | Atresmedia Corp. de Medios de Comunicacion S.A. | | | 313,987 | |
| | 498,265 | | | Banco Bilbao Vizcaya Argentaria S.A. | | | 1,437,570 | |
| | 76,403 | | | Faes Farma S.A. | | | 287,931 | |
| | 305,678 | | | Mediaset Espana Comunicacion S.A.*(2) | | | 1,021,947 | |
| | 874,960 | | | Prosegur Cash S.A.(3) | | | 676,907 | |
| | 285,834 | | | Red Electrica Corp. S.A. | | | 5,034,819 | |
| | 792,151 | | | Repsol S.A. | | | 4,973,175 | |
| | 233,781 | | | Sacyr S.A. | | | 397,570 | |
| | 164,365 | | | Zardoya Otis S.A. | | | 1,004,099 | |
| | | | | | | | |
| | | | | | | 17,047,263 | |
| | | | | | | | |
| | | | Sweden - 1.3% | |
| | 59,910 | | | Betsson AB* | | | 456,485 | |
| | 81,120 | | | Boliden AB | | | 2,212,069 | |
| | 17,394 | | | Bure Equity AB | | | 504,733 | |
| | 255,255 | | | Essity AB Class B(2) | | | 7,387,920 | |
| | 157,411 | | | Hexpol AB* | | | 1,386,378 | |
| | 42,700 | | | Intrum AB(2) | | | 1,043,457 | |
| | 79,218 | | | LeoVegas AB(3) | | | 265,031 | |
| | 796,020 | | | Telefonaktiebolaget LM Ericsson Class B | | | 8,887,177 | |
| | 111,733 | | | Tethys Oil AB | | | 466,477 | |
| | | | | | | | |
| | | | | | | 22,609,727 | |
| | | | | | | | |
| | | | Switzerland - 4.1% | |
| | 9,748 | | | Baloise Holding AG | | | 1,333,090 | |
| | 582,156 | | | Credit Suisse Group AG | | | 5,490,529 | |
| | 133,951 | | | Ferrexpo plc | | | 330,565 | |
| | 290,755 | | | Novartis AG | | | 22,656,379 | |
| | 71,660 | | | Roche Holding AG | | | 23,026,604 | |
| | 19,231 | | | Swisscom AG | | | 9,780,903 | |
| | 8,244 | | | Swissquote Group Holding S.A. | | | 656,448 | |
| | 539,715 | | | UBS Group AG | | | 6,283,346 | |
| | 7,912 | | | Zurich Insurance Group AG | | | 2,627,936 | |
| | | | | | | | |
| | | | | | | 72,185,800 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Taiwan - 7.7% | |
| | 48,000 | | | Addcn Technology Co., Ltd. | | $ | 347,487 | |
| | 240,000 | | | Asia Vital Components Co., Ltd. | | | 565,752 | |
| | 8,744,000 | | | AU Optronics Corp.* | | | 3,531,554 | |
| | 58,000 | | | AURAS Technology Co., Ltd. | | | 445,642 | |
| | 252,000 | | | Catcher Technology Co., Ltd. | | | 1,593,022 | |
| | 2,903,000 | | | Cathay Financial Holding Co., Ltd. | | | 3,900,858 | |
| | 178,000 | | | Chenbro Micom Co., Ltd. | | | 540,987 | |
| | 281,000 | | | Chia Chang Co., Ltd. | | | 377,143 | |
| | 1,310,000 | | | Chicony Electronics Co., Ltd. | | | 3,949,426 | |
| | 164,000 | | | Chicony Power Technology Co., Ltd. | | | 383,593 | |
| | 1,346,200 | | | China Life Insurance Co., Ltd. | | | 902,771 | |
| | 250,400 | | | China Motor Corp.* | | | 389,131 | |
| | 952,000 | | | Chipbond Technology Corp. | | | 2,085,484 | |
| | 1,008,000 | | | Compeq Manufacturing Co., Ltd. | | | 1,538,480 | |
| | 389,000 | | | Coretronic Corp. | | | 466,173 | |
| | 722,000 | | | Delta Electronics, Inc. | | | 4,803,768 | |
| | 731,000 | | | Elan Microelectronics Corp. | | | 3,453,045 | |
| | 271,000 | | | Elite Material Co., Ltd. | | | 1,423,903 | |
| | 516,000 | | | Epistar Corp.* | | | 606,053 | |
| | 2,592,000 | | | Evergreen Marine Corp. Taiwan Ltd.* | | | 1,714,912 | |
| | 365,000 | | | FLEXium Interconnect, Inc. | | | 1,490,237 | |
| | 320,000 | | | Foxconn Technology Co., Ltd. | | | 561,211 | |
| | 62,000 | | | Foxsemicon Integrated Technology, Inc. | | | 376,280 | |
| | 585,000 | | | Fusheng Precision Co., Ltd. | | | 3,687,431 | |
| | 527,000 | | | Gamania Digital Entertainment Co., Ltd. | | | 1,128,142 | |
| | 135,000 | | | General Interface Solution Holding Ltd. | | | 536,825 | |
| | 168,000 | | | Gigabyte Technology Co., Ltd. | | | 422,724 | |
| | 607,000 | | | Grand Pacific Petrochemical* | | | 483,606 | |
| | 333,000 | | | Grape King Bio Ltd. | | | 1,934,663 | |
| | 1,626,829 | | | Hannstar Board Corp. | | | 2,231,372 | |
| | 2,439,000 | | | HannStar Display Corp.* | | | 783,267 | |
| | 733,000 | | | Holtek Semiconductor, Inc. | | | 1,807,697 | |
| | 482,000 | | | Hon Hai Precision Industry Co., Ltd. | | | 1,307,247 | |
| | 548,000 | | | HTC Corp.* | | | 550,907 | |
| | 413,038 | | | Innodisk Corp. | | | 2,164,892 | |
| | 8,512,000 | | | Innolux Corp.* | | | 2,954,418 | |
| | 143,000 | | | International Games System Co., Ltd. | | | 3,763,021 | |
| | 99,000 | | | King Slide Works Co., Ltd. | | | 997,670 | |
| | 399,000 | | | Kinsus Interconnect Technology Corp. | | | 966,359 | |
| | 88,000 | | | Kung Long Batteries Industrial Co., Ltd. | | | 421,823 | |
| | 2,132,000 | | | Lite-On Technology Corp. | | | 3,472,851 | |
| | 65,000 | | | Lotes Co., Ltd. | | | 993,755 | |
| | 125,000 | | | Makalot Industrial Co., Ltd. | | | 828,583 | |
| | 208,000 | | | Micro-Star International Co., Ltd. | | | 838,430 | |
| | 833,336 | | | Mitac Holdings Corp. | | | 823,170 | |
| | 199,000 | | | Nien Made Enterprise Co., Ltd. | | | 2,243,551 | |
| | 1,043,000 | | | Novatek Microelectronics Corp. | | | 9,746,976 | |
| | 757,000 | | | Pegatron Corp. | | | 1,631,356 | |
| | 67,000 | | | Phison Electronics Corp. | | | 697,435 | |
| | 321,000 | | | Polytronics Technology Corp. | | | 1,035,016 | |
| | 722,000 | | | Powertech Technology, Inc. | | | 2,136,279 | |
| | 55,000 | | | Poya International Co., Ltd. | | | 1,187,911 | |
| | 879,000 | | | Radiant Opto-Electronics Corp. | | | 3,463,273 | |
| | 493,000 | | | Realtek Semiconductor Corp. | | | 6,141,514 | |
| | 153,000 | | | Shin Zu Shing Co., Ltd. | | | 760,813 | |
| | 333,000 | | | Shinkong Insurance Co., Ltd. | | | 419,268 | |
| | 245,000 | | | Sigurd Microelectronics Corp. | | | 323,760 | |
| | 327,000 | | | Simplo Technology Co., Ltd. | | | 3,647,477 | |
| | 529,000 | | | Sinbon Electronics Co., Ltd. | | | 3,566,001 | |
| | 116,000 | | | Sinmag Equipment Corp. | | | 312,785 | |
| | 649,000 | | | Sino-American Silicon Products, Inc. | | | 2,267,382 | |
| | 25,600 | | | Sirtec International Co., Ltd. | | | 23,384 | |
| | 227,000 | | | Sunonwealth Electric Machine Industry Co., Ltd. | | | 465,123 | |
| | 85,000 | | | Swancor Holding Co., Ltd. | | | 470,270 | |
| | 666,000 | | | Synnex Technology International Corp. | | | 989,804 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | Taiwan - 7.7% - (continued) | |
| | 343,000 | | | Thinking Electronic Industrial Co., Ltd. | | $ | 1,302,969 | |
| | 70,000 | | | Tong Hsing Electronic Industries Ltd. | | | 308,980 | |
| | 296,000 | | | Topco Scientific Co., Ltd. | | | 1,186,736 | |
| | 520,000 | | | TPK Holding Co., Ltd.* | | | 917,707 | |
| | 724,000 | | | Tripod Technology Corp. | | | 2,879,114 | |
| | 311,000 | | | TXC Corp. | | | 838,787 | |
| | 1,076,000 | | | Unimicron Technology Corp. | | | 2,571,007 | |
| | 320,000 | | | United Integrated Services Co., Ltd. | | | 2,221,778 | |
| | 6,832,000 | | | United Microelectronics Corp. | | | 7,342,696 | |
| | 817,000 | | | Walsin Lihwa Corp. | | | 507,682 | |
| | 1,143,000 | | | Walton Advanced Engineering, Inc.* | | | 428,488 | |
| | 267,000 | | | WPG Holdings Ltd. | | | 362,650 | |
| | 265,000 | | | Yageo Corp. | | | 3,301,315 | |
| | 404,343 | | | Yulon Motor Co., Ltd.* | | | 504,119 | |
| | 341,000 | | | Zippy Technology Corp. | | | 380,765 | |
| | | | | | | | |
| | | | | | | 135,129,936 | |
| | | | | | | | |
| | | | Thailand - 1.1% | |
| | 209,400 | | | Advanced Info Service PCL NVDR | | | 1,158,273 | |
| | 1,631,900 | | | Bangkok Bank PCL NVDR | | | 5,055,169 | |
| | 468,100 | | | Dhipaya Insurance PCL NVDR | | | 348,326 | |
| | 1,952,300 | | | Kasikornbank PCL NVDR | | | 4,767,519 | |
| | 392,100 | | | Kiatnakin Bank PCL NVDR | | | 496,460 | |
| | 3,865,800 | | | Krung Thai Bank PCL NVDR | | | 1,071,564 | |
| | 1,745,100 | | | Siam Commercial Bank PCL NVDR | | | 3,633,524 | |
| | 20,783,400 | | | TMB Bank PCL NVDR | | | 539,157 | |
| | 7,364,200 | | | TTW PCL NVDR | | | 2,740,382 | |
| | | | | | | | |
| | | | | | | 19,810,374 | |
| | | | | | | | |
| | | | Turkey - 1.0% | |
| | 129,629 | | | Anadolu Efes Biracilik Ve Malt Sanayii AS | | | 301,173 | |
| | 181,398 | | | Arcelik A.S.* | | | 583,364 | |
| | 552,053 | | | BIM Birlesik Magazalar A.S. | | | 4,364,789 | |
| | 77,490 | | | Coca-Cola Icecek AS* | | | 416,285 | |
| | 2,646,635 | | | Enka Insaat ve Sanayi AS | | | 2,285,783 | |
| | 955,983 | | | Eregli Demir ve Celik Fabrikalari T.A.S. | | | 1,093,214 | |
| | 60,018 | | | Ford Otomotiv Sanayi AS | | | 776,480 | |
| | 391,991 | | | KOC Holding A.S. | | | 663,534 | |
| | 91,308 | | | Tofas Turk Otomobil Fabrikasi AS | | | 292,376 | |
| | 1,279,577 | | | Turk Telekomunikasyon AS | | | 979,394 | |
| | 26,155 | | | Turk Traktor ve Ziraat Makineleri AS | | | 353,914 | |
| | 3,150,053 | | | Turkcell Iletisim Hizmetleri AS | | | 5,454,611 | |
| | 112,907 | | | Ulker Biskuvi Sanayi AS* | | | 272,331 | |
| | 64,339 | | | Vestel Beyaz Esya Sanayi ve Ticaret AS | | | 229,269 | |
| | | | | | | | |
| | | | | | | 18,066,517 | |
| | | | | | | | |
| | | | United Kingdom - 10.2% | |
| | 594,188 | | | Airtel Africa Plc(3) | | | 474,984 | |
| | 256,030 | | | Ashmore Group plc | | | 1,184,535 | |
| | 40,383 | | | Associated British Foods plc | | | 888,093 | |
| | 999,090 | | | Aviva plc | | | 3,332,538 | |
| | 663,626 | | | B&M European Value Retail S.A. | | | 4,164,856 | |
| | 566,872 | | | Babcock International Group plc | | | 1,596,927 | |
| | 4,048,249 | | | Barclays plc* | | | 5,611,169 | |
| | 524,545 | | | Barratt Developments plc* | | | 3,278,713 | |
| | 88,879 | | | Beazley plc | | | 338,831 | |
| | 117,410 | | | Bellway plc | | | 3,552,260 | |
| | 276,479 | | | Brewin Dolphin Holdings plc | | | 870,243 | |
| | 110,966 | | | British American Tobacco plc | | | 3,517,109 | |
| | 236,617 | | | Britvic plc | | | 2,261,025 | |
| | 868,886 | | | BT Group plc | | | 1,141,151 | |
| | 375,440 | | | Cairn Energy plc* | | | 676,071 | |
| | 27,658 | | | Central Asia Metals plc | | | 60,386 | |
| | 315,849 | | | Clinigen Group plc | | | 2,464,181 | |
| | 156,732 | | | Countryside Properties plc(3) | | | 684,548 | |
| | 318,469 | | | Crest Nicholson Holdings plc* | | | 905,640 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 98.4% - (continued) | |
| | | | United Kingdom - 10.2% - (continued) | |
| | 325,074 | | | Devro plc | | $ | 635,911 | |
| | 583,120 | | | Direct Line Insurance Group plc | | | 1,992,758 | |
| | 83,239 | | | Gamesys Group plc | | | 1,253,055 | |
| | 1,181,166 | | | GlaxoSmithKline plc | | | 19,723,676 | |
| | 197,725 | | | GoCo Group plc | | | 246,675 | |
| | 789,440 | | | Gulf Keystone Petroleum Ltd. | | | 715,903 | |
| | 242,925 | | | Headlam Group plc | | | 837,127 | |
| | 201,486 | | | Hikma Pharmaceuticals plc | | | 6,551,007 | |
| | 1,615,564 | | | HSBC Holdings plc | | | 6,770,171 | |
| | 1,341,200 | | | HSBC Holdings plc(2) | | | 5,602,214 | |
| | 115,910 | | | Hunting plc | | | 209,475 | |
| | 747,630 | | | IG Group Holdings plc | | | 7,377,988 | |
| | 270,685 | | | IMI plc | | | 3,629,494 | |
| | 132,482 | | | Imperial Brands plc | | | 2,096,884 | |
| | 255,352 | | | Indivior plc* | | | 364,882 | |
| | 4,593,588 | | | ITV plc* | | | 4,292,997 | |
| | 800,148 | | | J Sainsbury plc | | | 2,088,566 | |
| | 44,086 | | | James Fisher & Sons plc | | | 647,977 | |
| | 148,718 | | | Johnson Matthey plc | | | 4,139,880 | |
| | 528,116 | | | Jupiter Fund Management plc | | | 1,588,652 | |
| | 173,066 | | | KAZ Minerals plc | | | 1,412,063 | |
| | 2,318,327 | | | Legal & General Group plc | | | 5,558,431 | |
| | 192,276 | | | Meggitt plc* | | | 681,328 | |
| | 723,890 | | | Moneysupermarket.com Group plc | | | 2,286,361 | |
| | 2,414,021 | | | Natwest Group plc* | | | 3,892,263 | |
| | 76,665 | | | Next Fifteen Communications Group plc | | | 442,965 | |
| | 31,300 | | | Next plc | | | 2,363,980 | |
| | 110,957 | | | Norcros plc | | | 250,116 | |
| | 1,739,529 | | | Pan African Resources plc | | | 441,414 | |
| | 371,827 | | | PayPoint plc | | | 2,427,777 | |
| | 402,600 | | | Pearson plc | | | 2,659,885 | |
| | 18,536 | | | Persimmon plc | | | 561,206 | |
| | 1,832,726 | | | Petropavlovsk plc* | | | 634,792 | |
| | 217,011 | | | Phoenix Group Holdings plc | | | 1,863,526 | |
| | 57,934 | | | Polar Capital Holdings plc | | | 385,936 | |
| | 360,095 | | | Prudential plc | | | 4,404,140 | |
| | 52,448 | | | Rathbone Brothers plc | | | 987,243 | |
| | 210,978 | | | Reach plc | | | 287,115 | |
| | 297,805 | | | Redrow plc* | | | 1,605,650 | |
| | 200,818 | | | Rio Tinto plc | | | 11,358,539 | |
| | 224,596 | | | Sabre Insurance Group plc(3) | | | 667,055 | |
| | 481,117 | | | Serica Energy plc | | | 657,597 | |
| | 971,330 | | | Standard Chartered plc* | | | 4,438,787 | |
| | 215,977 | | | Subsea 7 S.A.* | | | 1,434,400 | |
| | 309,892 | | | Synthomer plc | | | 1,514,335 | |
| | 2,489,821 | | | Taylor Wimpey plc* | | | 3,411,287 | |
| | 242,439 | | | TI Fluid Systems plc*(3) | | | 603,033 | |
| | 456,412 | | | TP ICAP plc | | | 1,130,202 | |
| | 53,719 | | | Ultra Electronics Holdings plc | | | 1,310,684 | |
| | 74,112 | | | Unilever plc | | | 4,223,555 | |
| | 265,116 | | | Vistry Group plc* | | | 1,870,659 | |
| | 295,232 | | | Volution Group plc | | | 741,997 | |
| | 407,517 | | | WPP plc | | | 3,254,954 | |
| | | | | | | | |
| | | | | | | 177,531,827 | |
| | | | | | | | |
| | | | United States - 0.2% | |
| | 592,300 | | | Argonaut Gold, Inc.* | | | 1,102,532 | |
| | 1,166,279 | | | Diversified Gas & Oil plc | | | 1,695,288 | |
| | 649,000 | | | Nexteer Automotive Group Ltd. | | | 541,981 | |
| | 130,832 | | | Sims Metal Management Ltd.(2) | | | 879,835 | |
| | | | | | | | |
| | | | | | | 4,219,636 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $1,881,073,556) | | $ | 1,721,779,414 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| PREFERRED STOCKS - 0.5% | |
| | | | Brazil - 0.2% | |
| | 262,200 | | | Banco do Estado do Rio Grande do Sul S.A. Class B, 4.34% | | $ | 548,349 | |
| | 3,412,853 | | | Cia de Saneamento do Parana | | | 2,831,182 | |
| | | | | | | | |
| | | | | | | 3,379,531 | |
| | | | | | | | |
| | | | Germany - 0.3% | |
| | 56,402 | | | Porsche Automobil Holding SE | | | 3,021,588 | |
| | 251,499 | | | Schaeffler AG | | | 1,531,461 | |
| | | | | | | | |
| | | | | | | 4,553,049 | |
| | | | | | | | |
| | |
| | | | Total Preferred Stocks
(cost $10,864,385) | | $ | 7,932,580 | |
| | | | | | | | |
|
| RIGHTS - 0.0% | |
| | | | Italy - 0.0% | | | |
| | 127,399 | | | Societa Cattolica di Assicurazioni S.c.r.l. | | $ | — | |
| | | | | | | | |
| | |
| | | | Total Rights
(cost $—) | | $ | — | |
| | | | | | | | |
| | |
| | | | Total Long-Term Investments
(cost $1,891,937,941) | | $ | 1,729,711,994 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.0% | |
| | | | Other Investment Pools & Funds - 0.3% | | | |
| | 4,352,009 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(5) | | $ | 4,352,009 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.7% | | | |
| | 30,472,866 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(5) | | | 30,472,866 | |
| | 30,755 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(5) | | | 30,755 | |
| | | | | | | | |
| | | | | | | 30,503,621 | |
| | | | | | | | |
| | | | Total Short-Term Investments
(cost $34,855,630) | | $ | 34,855,630 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | Total Investments
(cost $1,926,793,571) | | | 100.9 | % | | $ | 1,764,567,624 | |
| | | | Other Assets & Liabilities | | | (0.9 | )% | | | (15,589,272 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,748,978,352 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Investment valued using significant unobservable inputs. |
| (2) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (3) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $37,537,896, representing 2.1% of net assets. |
| (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, 2020, the aggregate fair value of these securities was $11,664, 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. |
| (5) | Current yield as of period end. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2020 | |
Amount and Description of
Currency to be Purchased | | Amount and Description of
Currency to be Sold | | | Counterparty | | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 38,218,193 | | | USD | | | 29,574,700 | | | | GBP | | | | JPM | | | | 12/02/2020 | | | $ | 79,148 | | | $ | (182,951 | ) |
| | 28,742,752 | | | USD | | | 480,930,700 | | | | ZAR | | | | BOA | | | | 12/02/2020 | | | | — | | | | (698,951 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Foreign Currency Contracts | | | | | | | | | | | | | | | $ | 79,148 | | | $ | (881,902 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| † | 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 International Multi-Cap Value Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Australia | | $ | 38,101,172 | | | $ | 1,451,162 | | | $ | 36,638,346 | | | $ | 11,664 | |
Austria | | | 14,392,090 | | | | 340,774 | | | | 14,051,316 | | | | — | |
Belgium | | | 6,720,498 | | | | 164,191 | | | | 6,556,307 | | | | — | |
Bermuda | | | 451,712 | | | | 451,712 | | | | — | | | | — | |
Brazil | | | 12,935,383 | | | | 12,935,383 | | | | — | | | | — | |
Canada | | | 108,751,064 | | | | 108,751,064 | | | | — | | | | — | |
Chile | | | 6,102,210 | | | | 5,809,725 | | | | 292,485 | | | | — | |
China | | | 129,228,165 | | | | 22,217,633 | | | | 107,010,532 | | | | — | |
Czech Republic | | | 2,803,751 | | | | — | | | | 2,803,751 | | | | — | |
Denmark | | | 4,574,951 | | | | — | | | | 4,574,951 | | | | — | |
Egypt | | | 929,746 | | | | — | | | | 929,746 | | | | — | |
Finland | | | 9,133,018 | | | | 340,932 | | | | 8,792,086 | | | | — | |
France | | | 105,722,667 | | | | 323,073 | | | | 105,399,594 | | | | — | |
Georgia | | | 816,792 | | | | — | | | | 816,792 | | | | — | |
Germany | | | 45,850,139 | | | | 2,617,870 | | | | 43,232,269 | | | | — | |
Gibraltar | | | 376,839 | | | | — | | | | 376,839 | | | | — | |
Hong Kong | | | 49,818,939 | | | | — | | | | 49,818,939 | | | | — | |
Hungary | | | 3,976,424 | | | | — | | | | 3,976,424 | | | | — | |
India | | | 609,223 | | | | 609,223 | | | | — | | | | — | |
Indonesia | | | 10,575,797 | | | | — | | | | 10,575,797 | | | | — | |
Ireland | | | 3,473,490 | | | | — | | | | 3,473,490 | | | | — | |
Isle of Man | | | 1,854,487 | | | | 1,854,487 | | | | — | | | | — | |
Israel | | | 23,063,626 | | | | 18,250,181 | | | | 4,813,445 | | | | — | |
Italy | | | 23,605,466 | | | | — | | | | 23,605,466 | | | | — | |
Japan | | | 295,953,811 | | | | — | | | | 295,953,811 | | | | — | |
Luxembourg | | | 4,660,892 | | | | — | | | | 4,660,892 | | | | — | |
Malaysia | | | 10,422,116 | | | | — | | | | 10,422,116 | | | | — | |
Mexico | | | 18,225,997 | | | | 18,225,997 | | | | — | | | | — | |
Monaco | | | 4,117,121 | | | | 4,117,121 | | | | — | | | | — | |
Netherlands | | | 42,110,574 | | | | 3,739,280 | | | | 38,371,294 | | | | — | |
New Zealand | | | 2,111,575 | | | | — | | | | 2,111,575 | | | | — | |
Norway | | | 34,607,167 | | | | 510,458 | | | | 34,096,709 | | | | — | |
Peru | | | 353,810 | | | | — | | | | 353,810 | | | | — | |
Philippines | | | 313,525 | | | | — | | | | 313,525 | | | | — | |
Poland | | | 14,260,190 | | | | — | | | | 14,260,190 | | | | — | |
Portugal | | | 354,053 | | | | — | | | | 354,053 | | | | — | |
Russia | | | 23,645,031 | | | | 2,698,312 | | | | 20,946,719 | | | | — | |
Singapore | | | 20,901,999 | | | | 550,788 | | | | 20,351,211 | | | | — | |
South Africa | | | 48,444,318 | | | | 21,635,030 | | | | 26,809,288 | | | | — | |
South Korea | | | 130,828,506 | | | | 3,429,122 | | | | 127,399,384 | | | | — | |
Spain | | | 17,047,263 | | | | 313,987 | | | | 16,733,276 | | | | — | |
Sweden | | | 22,609,727 | | | | — | | | | 22,609,727 | | | | — | |
Switzerland | | | 72,185,800 | | | | — | | | | 72,185,800 | | | | — | |
Taiwan | | | 135,129,936 | | | | — | | | | 135,129,936 | | | | — | |
Thailand | | | 19,810,374 | | | | — | | | | 19,810,374 | | | | — | |
Turkey | | | 18,066,517 | | | | 229,269 | | | | 17,837,248 | | | | — | |
United Kingdom | | | 177,531,827 | | | | 10,993,639 | | | | 166,538,188 | | | | — | |
United States | | | 4,219,636 | | | | 1,102,532 | | | | 3,117,104 | | | | — | |
Preferred Stocks | | | 7,932,580 | | | | 3,379,531 | | | | 4,553,049 | | | | — | |
Rights | | | — | | | | — | | | | — | | | | — | |
Short-Term Investments | | | 34,855,630 | | | | 34,855,630 | | | | — | | | | — | |
Foreign Currency Contracts(2) | | | 79,148 | | | | — | | | | 79,148 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,764,646,772 | | | $ | 281,898,106 | | | $ | 1,482,737,002 | | | $ | 11,664 | |
| | | | | | | | | | | | | | | | |
Liabilities | |
Foreign Currency Contracts(2) | | $ | (881,902 | ) | | $ | — | | | $ | (881,902 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (881,902 | ) | | $ | — | | | $ | (881,902 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, investments valued at $51,379 were transferred into Level 3 due to the unavailability of active market pricing and there were no transfers out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Stock Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.0% | |
| | | | Argentina - 2.3% | |
| | 19,780 | | | MercadoLibre, Inc.* | | $ | 24,013,909 | |
| | | | | | | | |
| | | | Austria - 1.0% | |
| | 489,131 | | | Erste Group Bank AG* | | | 10,054,314 | |
| | | | | | | | |
| | | | Brazil - 0.9% | |
| | 2,204,557 | | | Raia Drogasil S.A. | | | 9,244,005 | |
| | | | | | | | |
| | | | Canada - 2.1% | |
| | 216,717 | | | Canadian National Railway Co. | | | 21,528,556 | |
| | | | | | | | |
| | | | China - 9.3% | |
| | 174,768 | | | Alibaba Group Holding Ltd. ADR* | | | 53,250,062 | |
| | 114,700 | | | Ant Group Co., Ltd. Class H | | | 1,195,546 | |
| | 536,400 | | | Tencent Holdings Ltd. | | | 40,983,968 | |
| | | | | | | | |
| | | | | | | 95,429,576 | |
| | | | | | | | |
| | | | Denmark - 2.9% | |
| | 171,270 | | | Vestas Wind Systems A/S | | | 29,383,769 | |
| | | | | | | | |
| | | | France - 2.6% | |
| | 218,237 | | | Schneider Electric SE | | | 26,517,195 | |
| | | | | | | | |
| | | | Germany - 14.0% | |
| | 59,258 | | | adidas AG* | | | 17,605,840 | |
| | 76,852 | | | Allianz SE | | | 13,537,833 | |
| | 255,986 | | | Bayerische Motoren Werke AG | | | 17,493,757 | |
| | 295,741 | | | Deutsche Wohnen SE | | | 14,926,911 | |
| | 513,746 | | | GEA Group AG | | | 17,109,642 | |
| | 801,709 | | | Infineon Technologies AG | | | 22,320,522 | |
| | 160,243 | | | Knorr-Bremse AG | | | 18,556,325 | |
| | 205,237 | | | SAP SE | | | 21,895,622 | |
| | | | | | | | |
| | | | | | | 143,446,452 | |
| | | | | | | | |
| | | | Hong Kong - 4.1% | |
| | 2,571,600 | | | AIA Group Ltd. | | | 24,474,363 | |
| | 361,711 | | | Hong Kong Exchanges & Clearing Ltd. | | | 17,332,724 | |
| | | | | | | | |
| | | | | | | 41,807,087 | |
| | | | | | | | |
| | | | India - 2.0% | |
| | 1,294,954 | | | HDFC Bank Ltd.* | | | 20,680,332 | |
| | | | | | | | |
| | | | Italy - 1.1% | |
| | 6,984,526 | | | Intesa Sanpaolo S.p.A.* | | | 11,595,039 | |
| | | | | | | | |
| | | | Japan - 6.7% | |
| | 382,900 | | | Recruit Holdings Co., Ltd. | | | 14,569,592 | |
| | 29,900 | | | SMC Corp. | | | 15,903,967 | |
| | 257,200 | | | Sony Corp. | | | 21,441,844 | |
| | 547,000 | | | Takeda Pharmaceutical Co., Ltd. | | | 16,903,715 | |
| | | | | | | | |
| | | | | | | 68,819,118 | |
| | | | | | | | |
| | | | Netherlands - 5.7% | |
| | 79,167 | | | ASML Holding N.V. | | | 28,642,849 | |
| | 332,383 | | | Koninklijke Philips N.V.* | | | 15,394,900 | |
| | 1,095,225 | | | Royal Dutch Shell plc Class A(1) | | | 13,958,415 | |
| | | | | | | | |
| | | | | | | 57,996,164 | |
| | | | | | | | |
| | | | New Zealand - 2.0% | |
| | 258,973 | | | Xero Ltd.* | | | 20,090,726 | |
| | | | | | | | |
| | | | Norway - 3.1% | |
| | 1,169,063 | | | DNB ASA* | | | 15,787,948 | |
| | 1,292,992 | | | Equinor ASA | | | 16,498,202 | |
| | | | | | | | |
| | | | | | | 32,286,150 | |
| | | | | | | | |
| | | | Singapore - 1.3% | |
| | 82,139 | | | Sea Ltd. ADR* | | | 12,953,320 | |
| | | | | | | | |
| | | | South Korea - 3.2% | |
| | 652,614 | | | Samsung Electronics Co., Ltd. | | | 32,804,040 | |
| | | | | | | | |
| | | | Spain - 3.1% | |
| | 3,224,543 | | | Banco Bilbao Vizcaya Argentaria S.A. | | | 9,303,295 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.0% - (continued) | |
| | | | Spain - 3.1% - (continued) | |
| | 1,880,520 | | | Iberdrola S.A. | | $ | 22,204,384 | |
| | | | | | | | |
| | | | | | | 31,507,679 | |
| | | | | | | | |
| | | | Sweden - 1.2% | |
| | 1,576,384 | | | Svenska Handelsbanken AB Class A* | | | 12,772,935 | |
| | | | | | | | |
| | | | Switzerland - 12.9% | |
| | 270,759 | | | Alcon, Inc.* | | | 15,393,494 | |
| | 1,868 | | | Chocoladefabriken Lindt & Spruengli AG | | | 14,810,375 | |
| | 222,461 | | | Cie Financiere Richemont S.A. | | | 13,904,652 | |
| | 30,709 | | | Lonza Group AG | | | 18,606,891 | |
| | 257,103 | | | Nestle S.A. | | | 28,918,403 | |
| | 87,343 | | | Roche Holding AG | | | 28,066,043 | |
| | 51,635 | | | Sika AG | | | 12,702,456 | |
| | | | | | | | |
| | | | | | | 132,402,314 | |
| | | | | | | | |
| | | | Taiwan - 3.9% | |
| | 2,659,000 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 40,229,802 | |
| | | | | | | | |
| | | | United Kingdom - 10.0% | |
| | 536,249 | | | Bunzl plc | | | 16,669,980 | |
| | 647,542 | | | Burberry Group plc | | | 11,372,657 | |
| | 596,189 | | | Diageo plc | | | 19,267,544 | |
| | 1,072,989 | | | GlaxoSmithKline plc | | | 17,917,284 | |
| | 1,180,858 | | | National Grid plc | | | 14,046,878 | |
| | 359,974 | | | Ocado Group plc* | | | 10,615,599 | |
| | 448,456 | | | Whitbread plc* | | | 12,486,247 | |
| | | | | | | | |
| | | | | | | 102,376,189 | |
| | | | | | | | |
| | | | United States - 1.6% | |
| | 10,157 | | | Booking Holdings, Inc.* | | | 16,479,732 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $886,131,488) | | $ | 994,418,403 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.5% | |
| | | | Other Investment Pools & Funds - 2.4% | |
| | 24,132,198 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(2) | | $ | 24,132,198 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.1% | |
| | 1,443,460 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2) | | | 1,443,460 | |
| | 1,457 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(2) | | | 1,457 | |
| | | | | | | | |
| | | | | | | 1,444,917 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $25,577,115) | | $ | 25,577,115 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | |
| | | | Total Investments
(cost $911,708,603) | | | 99.5 | % | | $ | 1,019,995,518 | |
| | | | Other Assets and Liabilities | | | 0.5 | % | | | 5,619,679 | |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 1,025,615,197 | |
| | | | | | | | | | | | |
| 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. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders International Stock Fund |
Schedule of Investments – (continued)
October 31, 2020
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Argentina | | $ | 24,013,909 | | | $ | 24,013,909 | | | $ | — | | | $ | — | |
Austria | | | 10,054,314 | | | | — | | | | 10,054,314 | | | | — | |
Brazil | | | 9,244,005 | | | | 9,244,005 | | | | — | | | | — | |
Canada | | | 21,528,556 | | | | 21,528,556 | | | | — | | | | — | |
China | | | 95,429,576 | | | | 54,445,608 | | | | 40,983,968 | | | | — | |
Denmark | | | 29,383,769 | | | | — | | | | 29,383,769 | | | | — | |
France | | | 26,517,195 | | | | — | | | | 26,517,195 | | | | — | |
Germany | | | 143,446,452 | | | | 18,556,325 | | | | 124,890,127 | | | | — | |
Hong Kong | | | 41,807,087 | | | | — | | | | 41,807,087 | | | | — | |
India | | | 20,680,332 | | | | — | | | | 20,680,332 | | | | — | |
Italy | | | 11,595,039 | | | | — | | | | 11,595,039 | | | | — | |
Japan | | | 68,819,118 | | | | — | | | | 68,819,118 | | | | — | |
Netherlands | | | 57,996,164 | | | | — | | | | 57,996,164 | | | | — | |
New Zealand | | | 20,090,726 | | | | — | | | | 20,090,726 | | | | — | |
Norway | | | 32,286,150 | | | | — | | | | 32,286,150 | | | | — | |
Singapore | | | 12,953,320 | | | | 12,953,320 | | | | — | | | | — | |
South Korea | | | 32,804,040 | | | | — | | | | 32,804,040 | | | | — | |
Spain | | | 31,507,679 | | | | — | | | | 31,507,679 | | | | — | |
Sweden | | | 12,772,935 | | | | — | | | | 12,772,935 | | | | — | |
Switzerland | | | 132,402,314 | | | | — | | | | 132,402,314 | | | | — | |
Taiwan | | | 40,229,802 | | | | — | | | | 40,229,802 | | | | — | |
United Kingdom | | | 102,376,189 | | | | — | | | | 102,376,189 | | | | — | |
United States | | | 16,479,732 | | | | 16,479,732 | | | | — | | | | — | |
Short-Term Investments | | | 25,577,115 | | | | 25,577,115 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 1,019,995,518 | | | $ | 182,798,570 | | | $ | 837,196,948 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Securitized Income Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 111.6% | |
| | | | Asset-Backed - Automobile - 1.2% | |
| $ | | | 1,098,000 | | | AMSR Trust 1.36%, 11/17/2037(1) | | $ | 1,096,218 | |
| | | | | | | | | | |
| | | | Asset-Backed - Finance & Insurance - 32.2% | |
| | | Bellemeade Re Ltd. | |
| | | 632,992 | | | 2.80%, 06/25/2030, 1 mo. USD LIBOR + 2.650%(1)(2) | | | 634,098 | |
| | | 771,000 | | | 3.05%, 04/25/2028, 1 mo. USD LIBOR + 2.900%(1)(2) | | | 745,957 | |
| | | 654,000 | | | 3.55%, 06/25/2030, 1 mo. USD LIBOR + 3.400%(1)(2) | | | 662,013 | |
| | | 1,000,000 | | | 4.15%, 08/26/2030, 1 mo. USD LIBOR + 4.000%(1)(2) | | | 1,004,998 | |
| | | 1,000,000 | | | Carbone CLO Ltd. 1.36%, 01/20/2031, 3 mo. USD LIBOR + 1.140%(1)(2)(3) | | | 991,126 | |
| | | 1,498,035 | | | Carlyle Global Market Strategies CLO Ltd. 1.11%, 01/18/2029, 3 mo. USD LIBOR + 0.890%(1)(2)(3) | | | 1,479,055 | |
| | | 1,746,000 | | | CIFC Funding Ltd. 1.33%, 01/22/2031, 3 mo. USD LIBOR + 1.110%(1)(2)(3) | | | 1,724,203 | |
| | | 1,253,390 | | | CLI Funding LLC 3.71%, 05/18/2044(1) | | | 1,270,590 | |
| | | 567,759 | | | Countrywide Asset-Backed Certificates Trust 5.71%, 05/25/2036(4) | | | 583,651 | |
| EUR | | | 492,832 | | | Dryden Euro CLO 0.72%, 07/15/2030, 6 mo. Euribor + 0.720%(2)(5) | | | 570,056 | |
| $ | | | 1,000,000 | | | Madison Park Funding Ltd. 0.99%, 04/15/2029, 3 mo. USD LIBOR + 0.750%(1)(2)(3) | | | 984,119 | |
| | | Navient Private Education Refi Loan Trust | |
| | | 924,000 | | | 1.17%, 09/16/2069(1) | | | 925,798 | |
| | | 420,548 | | | 1.22%, 07/15/2069(1) | | | 421,780 | |
| | | 1,824,160 | | | 1.69%, 05/15/2069(1) | | | 1,850,364 | |
| | | 446,226 | | | 3.52%, 06/16/2042(1) | | | 455,605 | |
| | | 632,000 | | | Navient Student Loan Trust 4.00%, 12/15/2059(1) | | | 654,942 | |
| | | Oaktown Re Ltd. | |
| | | 500,000 | | | 3.35%, 07/25/2030, 1 mo. USD LIBOR + 3.200%(1)(2) | | | 502,189 | |
| | | 844,457 | | | 4.15%, 04/25/2027, 1 mo. USD LIBOR + 4.000%(1)(2) | | | 843,509 | |
| | | 500,000 | | | 5.39%, 10/25/2030, 1 mo. USD LIBOR + 5.250%(1)(2) | | | 498,762 | |
| | | OCP CLO Ltd. | |
| | | 435,264 | | | 1.04%, 10/26/2027, 3 mo. USD LIBOR + 0.820%(1)(2) | | | 431,833 | |
| | | 500,000 | | | 1.50%, 07/15/2030, 3 mo. USD LIBOR + 1.260%(1)(2) | | | 498,444 | |
| | | Preston Ridge Partners Mortgage Trust LLC | |
| | | 821,054 | | | 3.35%, 07/25/2024(1)(6) | | | 822,095 | |
| | | 975,224 | | | 3.67%, 08/25/2025(1)(6) | | | 975,018 | |
| | | 462,059 | | | SoFi Professional Loan Program Trust 1.95%, 02/15/2046(1) | | | 470,248 | |
| | | 1,402,619 | | | TAL Advantage VII LLC 2.05%, 09/20/2045(1) | | | 1,403,914 | |
| | | 692,870 | | | Textainer Marine Containers VII Ltd. 2.73%, 08/21/2045(1) | | | 705,551 | |
| | | Textainer Marine Containers VIII Ltd. | |
| | | 640,100 | | | 2.10%, 09/20/2045(1) | | | 639,453 | |
| | | 1,065,856 | | | 2.11%, 09/20/2045(1) | | | 1,060,192 | |
| | | Towd Point Mortgage Trust | |
| | | 1,400,000 | | | 4.25%, 10/25/2058(1)(4) | | | 1,436,512 | |
| | | 919,000 | | | 4.40%, 11/25/2058(1)(4) | | | 953,065 | |
| | | 1,053,000 | | | 4.50%, 11/25/2058(1)(4) | | | 1,094,655 | |
| | | 1,000,000 | | | 5.00%, 11/25/2058(1)(4) | | | 1,042,033 | |
| | | 725,000 | | | Treman Park CLO Ltd. 1.29%, 10/20/2028, 3 mo. USD LIBOR + 1.070%(1)(2)(3) | | | 721,842 | |
| | | 587,000 | | | Tricon American Homes 4.88%, 07/17/2038(1) | | | 617,197 | |
| | | 591,622 | | | VCAT LLC 3.67%, 08/25/2050(1)(6) | | | 596,955 | |
| | | | | | | | | | |
| | | | | | | | | 30,271,822 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 111.6% - (continued) | |
| | | | | | Asset-Backed - Home Equity - 6.8% | | | |
| $ | | | 758,672 | | | CWABS Revolving Home Equity Loan Trust 0.29%, 07/15/2036, 1 mo. USD LIBOR + 0.140%(2) | | $ | 702,867 | |
| | | 570,899 | | | CWHEQ Revolving Home Equity Loan Resecuritization Trust 0.34%, 11/15/2035, 1 mo. USD LIBOR + 0.190%(1)(2) | | | 499,512 | |
| | | 236,251 | | | Home Equity Loan Trust 0.28%, 05/25/2036, 1 mo. USD LIBOR + 0.130%(2) | | | 231,632 | |
| | | 500,000 | | | Home Re Ltd. 4.29%, 10/25/2030, 1 mo. USD LIBOR + 4.150%(1)(2) | | | 500,069 | |
| | | Invitation Homes Trust | |
| | | 1,741,000 | | | 2.35%, 01/17/2038, 1 mo. USD LIBOR + 2.200%(1)(2) | | | 1,727,429 | |
| | | 300,655 | | | 2.40%, 06/17/2037, 1 mo. USD LIBOR + 2.250%(1)(2) | | | 300,376 | |
| | | 223,369 | | | Legacy Mortgage Asset Trust 4.00%, 12/28/2054(1)(4) | | | 225,469 | |
| | | 1,134,063 | | | Master Asset Backed-Securities Trust 0.45%, 05/25/2037, 1 mo. USD LIBOR + 0.300%(1)(2) | | | 1,034,160 | |
| | | 710,204 | | | Morgan Stanley Home Equity Loan Trust 0.43%, 02/25/2036, 1 mo. USD LIBOR + 0.280%(2) | | | 700,811 | |
| | | 494,701 | | | Option One Mortgage Loan Trust 5.86%, 01/25/2037(6) | | | 503,915 | |
| | | | | | | | | | |
| | | | | | | | | 6,426,240 | |
| | | | | | | | | | |
| | | | | | Asset-Backed - Student Loan - 4.5% | |
| GBP | | | 3,265,589 | | | Income Contingent Student Loan 1.32%, 07/24/2058, 12 mo. GBP LIBOR + 1.000%(2)(3)(5) | | | 4,189,917 | |
| | | | | | | | | | |
| | | | Commercial Mortgage-Backed Securities - 12.3% | |
| $ | | | 648,000 | | | BX Commercial Mortgage Trust 2.10%, 03/15/2037, 1 mo. USD LIBOR + 1.951%(1)(2) | | | 635,805 | |
| | | 1,015,000 | | | BX Trust 1.92%, 05/15/2030, 1 mo. USD LIBOR + 1.770%(1)(2) | | | 922,179 | |
| | | 1,000,000 | | | CAMB Commercial Mortgage Trust 2.70%, 12/15/2037, 1 mo. USD LIBOR + 2.550%(1)(2) | | | 952,448 | |
| | | Citigroup Commercial Mortgage Trust | |
| | | 500,000 | | | 1.30%, 12/15/2036, 1 mo. USD LIBOR + 1.150%(1)(2) | | | 464,990 | |
| | | 500,000 | | | 2.95%, 12/15/2036, 1 mo. USD LIBOR + 2.800%(1)(2) | | | 429,980 | |
| | | 1,000,000 | | | 3.52%, 05/10/2035(1)(4) | | | 991,385 | |
| | | COMM Mortgage Trust | |
| | | 280,000 | | | 2.15%, 06/15/2034, 1 mo. USD LIBOR + 2.000%(1)(2) | | | 261,676 | |
| | | 536,000 | | | 2.35%, 10/15/2034, 1 mo. USD LIBOR + 2.200%(1)(2) | | | 491,026 | |
| | | 252,000 | | | 2.54%, 06/15/2034, 1 mo. USD LIBOR + 2.394%(1)(2) | | | 203,392 | |
| | | 835,000 | | | Core Mortgage Trust 2.05%, 12/15/2031, 1 mo. USD LIBOR + 1.900%(1)(2) | | | 816,055 | |
| | | 1,708,000 | | | Credit Suisse Mortgage Capital Certificates 2.30%, 05/15/2036, 1 mo. USD LIBOR + 2.150%(1)(2) | | | 1,678,049 | |
| | | 813,535 | | | HPLY Trust 2.50%, 11/15/2036, 1 mo. USD LIBOR + 2.350%(1)(2) | | | 743,690 | |
| | | Morgan Stanley Capital Trust | |
| | | 508,693 | | | 1.80%, 08/15/2033, 1 mo. USD LIBOR + 1.650%(1)(2) | | | 463,612 | |
| | | 250,000 | | | 2.95%, 07/15/2035, 1 mo. USD LIBOR + 2.800%(1)(2) | | | 224,642 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Securitized Income Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 111.6% - (continued) | |
| | | | Commercial Mortgage-Backed Securities - 12.3% - (continued) | |
| $ | | | 900,000 | | | 3.74%, 12/15/2036, 1 mo. USD LIBOR + 2.244%(1)(2) | | $ | 839,819 | |
| | | 1,413,000 | | | MSSG Trust 3.74%, 09/13/2039(1)(4) | | | 1,381,005 | |
| | | | | | | | | | |
| | | | | | | | | 11,499,753 | |
| | | | | | | | | | |
| | | | | | Other Asset-Backed Securities - 24.0% | |
| | | 844,088 | | | American Home Mortgage Investment Trust 0.63%, 02/25/2032, 1 mo. USD LIBOR + 0.480%(1)(2) | | | 813,418 | |
| | | 978,767 | | | BlueMountain CLO Ltd. 1.45%, 01/20/2029, 3 mo. USD LIBOR + 1.230%(1)(2)(3) | | | 977,246 | |
| | | 1,750,000 | | | CBAM Ltd. 1.51%, 01/15/2031, 3 mo. USD LIBOR + 1.270%(1)(2)(3) | | | 1,739,584 | |
| | | 1,372,351 | | | CIFC Funding Ltd. 1.02%, 01/20/2028, 3 mo. USD LIBOR + 0.800%(1)(2)(3) | | | 1,356,536 | |
| | | 810,295 | | | CSMC Trust 4.10%, 09/27/2066(1)(4) | | | 813,023 | |
| | | CWABS Revolving Home Equity Loan Trust | |
| | | 574,443 | | | 0.44%, 02/15/2034, 1 mo. USD LIBOR + 0.290%(2) | | | 569,465 | |
| | | 324,161 | | | 0.45%, 02/15/2034, 1 mo. USD LIBOR + 0.300%(2) | | | 322,841 | |
| | | 750,522 | | | CWHEQ Revolving Home Equity Loan Trust 0.29%, 01/15/2037, 1 mo. USD LIBOR + 0.140%(2) | | | 715,028 | |
| | | 850,000 | | | Dryden 53 CLO Ltd. 1.36%, 01/15/2031, 3 mo. USD LIBOR + 1.120%(1)(2) | | | 836,183 | |
| | | 1,000,000 | | | GoldenTree Loan Management U.S. CLO Ltd. 1.17%, 04/20/2029, 3 mo. USD LIBOR + 0.950%(1)(2) | | | 991,867 | |
| | | 750,000 | | | JP Morgan Mortgage Acquisition Trust
4.85%, 11/25/2036(6) | | | 810,209 | |
| | | 3,000,000 | | | LCM XIII L.P. 1.36%, 07/19/2027, 3 mo. USD LIBOR + 1.140%(1)(2)(3) | | | 2,965,452 | |
| | | 1,000,000 | | | LCM XXIII Ltd. 1.29%, 10/20/2029, 3 mo. USD LIBOR + 1.070%(1)(2)(3) | | | 992,394 | |
| | | 1,406,045 | | | MP CLO VIII Ltd. 1.13%, 10/28/2027, 3 mo. USD LIBOR + 0.910%(1)(2)(3) | | | 1,394,114 | |
| | | 1,316,002 | | | Preston Ridge Partners Mortgage Trust LLC 3.35%, 11/25/2024(1)(6) | | | 1,319,328 | |
| EUR | | | 3,740,891 | | | SLM Student Loan Trust 0.00%, 10/25/2039, 3 mo. Euribor + 0.400%(2)(3)(5) | | | 4,134,802 | |
| $ | | | 1,704,297 | | | Towd Point Mortgage Trust 2.25%, 02/25/2060(1)(4) | | | 1,737,065 | |
| | | 38,834 | | | Zais CLO Ltd. 1.42%, 07/25/2026, 3 mo. USD LIBOR + 1.200%(1)(2) | | | 38,782 | |
| | | | | | | | | | |
| | | | | | | | | 22,527,337 | |
| | | | | | | | | | |
| | | | | | Whole Loan Collateral CMO - 30.6% | |
| | | Alba plc | |
| GBP | | | 581,600 | | | 0.22%, 03/17/2039, 3 mo. GBP LIBOR + 0.170%(2)(5) | | | 720,352 | |
| | | 3,459,416 | | | 0.23%, 12/15/2038, 3 mo. GBP LIBOR + 0.170%(2)(3)(5) | | | 4,281,803 | |
| $ | | | 1,174,000 | | | Banc of America Funding Trust 2.84%, 06/26/2035(1)(4) | | | 1,100,235 | |
| GBP | | | 1,400,000 | | | Dukinfield plc 3.81%, 12/20/2052, 3 mo. GBP LIBOR + 3.750%(2)(5) | | | 1,757,023 | |
| | | Eagle RE Ltd. | |
| $ | | | 510,728 | | | 1.95%, 04/25/2029, 1 mo. USD LIBOR + 1.800%(1)(2) | | | 507,397 | |
| | | 1,000,000 | | | 2.74%, 10/25/2030, 1 mo. USD LIBOR + 2.600%(1)(2) | | | 999,984 | |
| | | 500,000 | | | 4.15%, 10/25/2030, 1 mo. USD LIBOR + 4.000%(1)(2) | | | 500,296 | |
| GBP | | | 176,697 | | | EMF plc 1.04%, 03/13/2046, 3 mo. GBP LIBOR + 0.980%(2)(5) | | | 226,152 | |
| $ | | | 294,100 | | | Eurosail plc 0.22%, 12/15/2044, 3 mo. GBP LIBOR + 0.160%(2)(5) | | | 378,539 | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 111.6% - (continued) | |
| | | | | | Whole Loan Collateral CMO - 30.6% - (continued) | |
| | | Fannie Mae Connecticut Avenue Securities | |
| $ | | | 669,247 | | | 2.30%, 10/25/2030, 1 mo. USD LIBOR + 2.150%(2) | | $ | 653,261 | |
| | | 245,305 | | | 2.50%, 01/25/2031, 1 mo. USD LIBOR + 2.350%(2) | | | 239,460 | |
| | | 973,461 | | | 2.55%, 05/25/2030, 1 mo. USD LIBOR + 2.400%(2) | | | 958,855 | |
| | | 355,974 | | | 3.15%, 07/25/2024, 1 mo. USD LIBOR + 3.000%(2) | | | 315,566 | |
| | | 1,213,920 | | | 5.05%, 11/25/2024, 1 mo. USD LIBOR + 4.900%(2) | | | 1,258,040 | |
| | | 1,119,000 | | | FirstKey Homes LLC 3.64%, 09/17/2025(1) | | | 1,141,134 | |
| | | 561,557 | | | IndyMac INDX Mortgage Loan Trust 0.71%, 03/25/2035, 1 mo. USD LIBOR + 0.560%(2) | | | 542,602 | |
| GBP | | | 497,720 | | | Landmark Mortgage Securities No. 2 plc 0.25%, 06/17/2039, 3 mo. GBP LIBOR + 0.200%(2)(3)(5) | | | 610,106 | |
| | | 688,085 | | | Newgate Funding plc 0.22%, 12/01/2050, 3 mo. GBP LIBOR + 0.160%(2)(5) | | | 843,144 | |
| $ | | | 34,429 | | | Oaktown Re III Ltd. 1.55%, 07/25/2029, 1 mo. USD LIBOR + 1.400%(1)(2) | | | 34,409 | |
| | | Preston Ridge Partners Mortgage Trust LLC | |
| | | 931,067 | | | 2.86%, 09/25/2025(1)(6) | | | 931,244 | |
| | | 558,989 | | | 2.98%, 02/25/2025(1)(6) | | | 559,636 | |
| | | Radnor RE Ltd. | |
| | | 746,440 | | | 2.10%, 02/25/2029, 1 mo. USD LIBOR + 1.950%(1)(2) | | | 746,117 | |
| | | 500,000 | | | 4.75%, 10/25/2030, 1 mo. USD LIBOR + 4.600%(1)(2) | | | 500,649 | |
GBP | | | 1,222,066 | | | Resloc plc 0.22%, 12/15/2043, 3 mo. GBP LIBOR + 0.160%(2)(3)(5) | | | 1,499,303 | |
| | | RMAC Securities plc | |
| | | 1,770,244 | | | 0.21%, 06/12/2044, 3 mo. GBP LIBOR + 0.150%(2)(3)(5) | | | 2,175,782 | |
| | | 3,265,951 | | | 0.23%, 06/12/2044, 3 mo. GBP LIBOR + 0.170%(2)(3)(5) | | | 4,043,171 | |
| $ | | | 107,299 | | | Structured Asset Investment Loan Trust 0.88%, 03/25/2035, 1 mo. USD LIBOR + 0.735%(2) | | | 106,970 | |
| | | 373,606 | | | WaMu Mortgage Pass-Through Certificates Trust 2.89%, 08/25/2033(4) | | | 380,579 | |
| | | 789,487 | | | Wells Fargo Mortgage Backed Securities Trust 3.18%, 10/25/2037(4) | | | 760,256 | |
| | | | | | | | | | |
| | | | | | | | | 28,772,065 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Asset & Commercial Mortgage-Backed Securities
(cost $105,850,715) | | $ | 104,783,352 | |
| | | | | | | | | | |
|
| CORPORATE BONDS - 4.9% | |
| | | | | | Diversified Financial Services - 1.5% | |
| $ | | | 764,000 | | | Quicken Loans LLC / Quicken Loans Co-Issuer, Inc. 3.88%, 03/01/2031(1) | | $ | 751,585 | |
| | | 643,000 | | | Springleaf Finance Corp. 8.88%, 06/01/2025 | | | 707,300 | |
| | | | | | | | | | |
| | | | | | | | | 1,458,885 | |
| | | | | | | | | | |
| | | | | | Insurance - 3.4% | |
| | | 1,821,124 | | | Ambac LSNI LLC 6.00%, 02/12/2023, 3 mo. USD LIBOR + 5.000%(1)(2) | | | 1,812,018 | |
| | | 451,000 | | | MGIC Investment Corp. 5.25%, 08/15/2028 | | | 463,403 | |
| | | 841,000 | | | NMI Holdings, Inc. 7.38%, 06/01/2025(1)(3) | | | 916,690 | |
| | | | | | | | | | |
| | | | | | | | | 3,192,111 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Corporate Bonds
(cost $4,617,857) | | $ | 4,650,996 | |
| | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Securitized Income Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
|
| U.S. GOVERNMENT AGENCIES - 13.3% | |
| | | | FHLMC - 10.7% | |
| $ | | | 1,800,000 | | | 1.50%, 11/01/2050 | | $ | 1,809,741 | |
| | | 1,000,000 | | | 2.00%, 11/01/2050 | | | 1,031,742 | |
| | | 812,849 | | | 2.00%, 09/01/2050 | | | 838,650 | |
| | | 1,457,727 | | | 3.00%, 05/01/2050 | | | 1,563,077 | |
| | | 1,375,294 | | | 3.00%, 02/01/2050 | | | 1,472,133 | |
| | | 216,614 | | | 3.75%, 04/25/2024, 1 mo. USD LIBOR + 3.600%(2) | | | 204,643 | |
| | | 1,664,000 | | | 3.90%, 08/25/2050, 1 mo. USD LIBOR + 3.750%(1)(2) | | | 1,682,498 | |
| | | 223,751 | | | 4.30%, 01/25/2025, 1 mo. USD LIBOR + 4.150%(2) | | | 226,159 | |
| | | 583,185 | | | 4.80%, 10/25/2028, 1 mo. USD LIBOR + 4.650%(2) | | | 605,704 | |
| | | 569,512 | | | 5.15%, 12/25/2028, 1 mo. USD LIBOR + 5.000%(2) | | | 596,915 | |
| | | | | | | | | | |
| | | | | | | | | 10,031,262 | |
| | | | | | | | | | |
| | | | FNMA - 2.6% | |
| | | 1,234,042 | | | 2.50%, 06/01/2035 | | | 1,303,450 | |
| | | 1,036,481 | | | 3.00%, 02/01/2050 | | | 1,123,472 | |
| | | | | | | | | | |
| | | | | | | | | 2,426,922 | |
| | | | | | | | | | |
| | | |
| | | | | | Total U.S. Government Agencies
(cost $12,377,480) | | $ | 12,458,184 | |
| | | | | | | | | | |
|
| COMMON STOCKS - 0.3% | |
| | | | | | Real Estate - 0.3% | |
| | | 6,560 | | | Kilroy Realty Corp. REIT | | $ | 308,845 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Common Stocks
(cost $373,505) | | $ | 308,845 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Long-Term Investments
(cost $123,219,557) | | $ | 122,201,377 | |
| | | | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.3% | |
| | | | | | Other Investment Pools & Funds - 2.3% | |
| | | 2,155,799 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(7) | | $ | 2,155,799 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Short-Term Investments
(cost $2,155,799) | | $ | 2,155,799 | |
| | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Investments
(cost $125,375,356) | | | 132.4 | % | | $ | 124,357,176 | |
| | | | | | | | | | | | | | |
| | | | | | Other Assets and Liabilities | | | (32.4 | )% | | | (30,430,430 | ) |
| | | | | | | | | | | | | | |
| | | | | | Total Net Assets | | | 100.0 | % | | $ | 93,926,746 | |
| | | | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity Industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $74,159,985, representing 79.0% of net assets. |
| (2) | Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap. |
| (3) | All, or a portion of the security, was pledged as collateral in connection with reverse repurchase agreements. As of October 31, 2020, the market value of securities pledged was $37,177,244. |
| (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) | Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $25,430,150, representing 27.1% of net assets. |
| (6) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
| (7) | Current yield as of period end. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Securitized Income Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Reverse Repurchase Agreements Outstanding at October 31, 2020 | |
Counterparty | | Interest
Rate | | | Settlement
Date | | | Maturity
Date | | | Principal
Amount | | | Value | | | Value Including
Accrued Interest | |
JP Morgan Chase Bank | | | 0.890% | | | | 10/06/20 | | | | 11/03/2020 | | | | USD | | | | (2,673,000 | ) | | $ | (2,673,000 | ) | | $ | (2,674,717 | ) |
JP Morgan Chase Bank | | | 0.977% | | | | 09/17/20 | | | | 12/15/2020 | | | | USD | | | | (2,044,000 | ) | | | (2,044,000 | ) | | | (2,046,497 | ) |
JP Morgan Chase Bank | | | 1.145% | | | | 10/13/20 | | | | 11/10/2020 | | | | USD | | | | (677,000 | ) | | | (677,000 | ) | | | (677,409 | ) |
JP Morgan Chase Bank | | | 1.241% | | | | 08/28/20 | | | | 11/24/2020 | | | | USD | | | | (7,937,000 | ) | | | (7,937,000 | ) | | | (7,954,783 | ) |
JP Morgan Chase Bank | | | 1.253% | | | | 08/19/20 | | | | 11/16/2020 | | | | USD | | | | (889,000 | ) | | | (889,000 | ) | | | (891,290 | ) |
JP Morgan Chase Bank | | | 0.756% | | | | 10/05/20 | | | | 01/05/2021 | | | | GBP | | | | (1,420,694 | ) | | | (1,840,508 | ) | | | (1,841,540 | ) |
JP Morgan Chase Bank | | | 0.749% | | | | 10/29/20 | | | | 01/29/2021 | | | | GBP | | | | (473,886 | ) | | | (613,919 | ) | | | (613,957 | ) |
JP Morgan Chase Bank | | | 0.809% | | | | 09/24/20 | | | | 11/20/2020 | | | | GBP | | | | (2,206,261 | ) | | | (2,858,210 | ) | | | (2,860,613 | ) |
Merrill Lynch Mortgage Investors Trust | | | 0.250% | | | | 09/25/20 | | | | 12/23/2020 | | | | EUR | | | | (3,181,628 | ) | | | (3,705,484 | ) | | | (3,706,445 | ) |
Merrill Lynch Mortgage Investors Trust | | | 1.000% | | | | 09/29/20 | | | | 12/23/2020 | | | | GBP | | | | (5,932,377 | ) | | | (7,685,392 | ) | | | (7,685,392 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | | | | | | | | | | | | $ | (30,923,513 | ) | | $ | (30,952,643 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.
| | | | | | | | | | | | | | | | | | | | | | | | |
| Foreign Currency Contracts Outstanding at October 31, 2020 | |
Amount and Description
of Currency to be Purchased | | Amount and
Description of Currency to
be Sold | | Counterparty | | Settlement
Date | | | Appreciation | | | Depreciation | |
| | 21,916 | | | EUR | | | 25,569 | | | USD | | MSC | | | 11/18/2020 | | | $ | — | | | $ | (35 | ) |
| | 976,107 | | | GBP | | | 1,254,614 | | | USD | | BNP | | | 11/18/2020 | | | | 10,075 | | | | — | |
| | 235,834 | | | GBP | | | 304,823 | | | USD | | JPM | | | 11/18/2020 | | | | 734 | | | | — | |
| | 1,036,704 | | | USD | | | 885,999 | | | EUR | | JPM | | | 11/18/2020 | | | | 4,416 | | | | — | |
| | 56,196 | | | USD | | | 43,686 | | | GBP | | BCLY | | | 11/18/2020 | | | | — | | | | (406 | ) |
| | 102,876 | | | USD | | | 80,000 | | | GBP | | CBK | | | 11/18/2020 | | | | — | | | | (776 | ) |
| | 2,218,105 | | | USD | | | 1,717,569 | | | GBP | | UBS | | | 11/18/2020 | | | | — | | | | (7,256 | ) |
| | 6,924,385 | | | USD | | | 5,353,278 | | | GBP | | BOA | | | 11/18/2020 | | | | — | | | | (11,567 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Foreign Currency Contracts | | | $ | 15,225 | | | $ | (20,040 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | | | | | | | | | | | | | | | | |
Asset & Commercial Mortgage-Backed Securities | | $ | 104,783,352 | | | $ | — | | | $ | 104,783,352 | | | $ | — | |
Corporate Bonds | | | 4,650,996 | | | | — | | | | 4,650,996 | | | | — | |
U.S. Government Agencies | | | 12,458,184 | | | | — | | | | 12,458,184 | | | | — | |
Common Stocks | | | | | | | | | | | | | | | | |
Real Estate | | | 308,845 | | | | 308,845 | | | | — | | | | — | |
Short-Term Investments | | | 2,155,799 | | | | 2,155,799 | | | | — | | | | — | |
Foreign Currency Contracts(2) | | | 15,225 | | | | — | | | | 15,225 | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 124,372,401 | | | $ | 2,464,644 | | | $ | 121,907,757 | | | $ | — | |
| | | | | | | | | | | | | | | | |
Liabilities | | | | | | | | | | | | | | | | |
Foreign Currency Contracts(2) | | $ | (20,040 | ) | | $ | — | | | $ | (20,040 | ) | | $ | — | |
Reverse Repurchase Agreements | | | (30,923,513 | ) | | | — | | | | (30,923,513 | ) | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | (30,943,553 | ) | | $ | — | | | $ | (30,943,553 | ) | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| CORPORATE BONDS - 12.5% | |
| | | | | | Commercial Banks - 7.6% | |
| $ | | | 1,589,000 | | | Bank of Nova Scotia 2.38%, 01/18/2023 | | $ | 1,653,498 | |
| | | 2,735,000 | | | Canadian Imperial Bank of Commerce 2.61%, 07/22/2023, (2.61% fixed rate until 07/22/2022; 3 mo. USD LIBOR + 0.785% thereafter)(1) | | | 2,832,315 | |
| | | 1,844,000 | | | HSBC Holdings plc 3.97%, 05/22/2030, (3.97% fixed rate until 05/22/2029; 3 mo. USD LIBOR + 1.610% thereafter)(1) | | | 2,068,163 | |
| | | | | | JPMorgan Chase & Co. | |
| | | 4,756,000 | | | 2.01%, 03/13/2026, (2.01% fixed rate until 03/13/2025; 3 mo. USD SOFR + 1.585% thereafter)(1) | | | 4,930,111 | |
| | | 2,859,000 | | | 2.08%, 04/22/2026, (2.08% fixed rate until 04/22/2025; 3 mo. USD SOFR + 1.850% thereafter)(1) | | | 2,989,548 | |
| | | 6,057,000 | | | National Bank of Canada 2.10%, 02/01/2023 | | | 6,261,335 | |
| | | 2,013,000 | | | PNC Financial Services Group, Inc. 3.50%, 01/23/2024 | | | 2,190,834 | |
| | | 2,154,000 | | | Royal Bank of Canada 2.25%, 11/01/2024 | | | 2,278,145 | |
| | | 3,678,000 | | | Toronto-Dominion Bank 2.65%, 06/12/2024 | | | 3,930,332 | |
| | | 2,933,000 | | | Truist Financial Corp. 2.20%, 03/16/2023 | | | 3,042,606 | |
| | | 1,466,000 | | | Wells Fargo & Co. 3.75%, 01/24/2024 | | | 1,591,438 | |
| | | | | | | | | | |
| | | | | | | | | 33,768,325 | |
| | | | | | | | | | |
| | | | | | Healthcare-Services - 0.5% | |
| | | 776,000 | | | CommonSpirit Health 2.76%, 10/01/2024 | | | 813,190 | |
| | | 1,517,000 | | | UnitedHealth Group, Inc. 2.38%, 08/15/2024 | | | 1,613,972 | |
| | | | | | | | | | |
| | | | | | | | | 2,427,162 | |
| | | | | | | | | | |
| | | | | | Pharmaceuticals - 1.4% | |
| | | 2,472,000 | | | Bristol-Myers Squibb Co. 2.90%, 07/26/2024 | | | 2,667,671 | |
| | | 2,997,000 | | | CVS Health Corp. 3.75%, 04/01/2030 | | | 3,398,185 | |
| | | | | | | | | | |
| | | | | | | | | 6,065,856 | |
| | | | | | | | | | |
| | | | | | Real Estate Investment Trusts - 0.9% | |
| | | 2,227,000 | | | Boston Properties L.P. 3.40%, 06/21/2029 | | | 2,414,465 | |
| | | 1,318,000 | | | Ventas Realty L.P. 2.65%, 01/15/2025 | | | 1,390,892 | |
| | | | | | | | | | |
| | | | | | | | | 3,805,357 | |
| | | | | | | | | | |
| | | | | | Retail - 0.7% | |
| | | 2,860,000 | | | McDonald’s Corp. 1.45%, 09/01/2025 | | | 2,946,429 | |
| | | | | | | | | | |
| | | | | | Software - 1.2% | |
| | | 5,009,000 | | | Oracle Corp. 2.80%, 04/01/2027 | | | 5,458,157 | |
| | | | | | | | | | |
| | | | | | Transportation - 0.2% | |
| | | 821,000 | | | United Parcel Service, Inc. 2.20%, 09/01/2024 | | | 869,887 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Corporate Bonds
(cost $52,031,075) | | $ | 55,341,173 | |
| | | | | | | | | | |
| |
| MUNICIPAL BONDS - 68.8% | | | |
| | | | | | Arizona - 0.3% | |
| | | | | | City of Phoenix, AZ, Civic Improvement Corp. | |
| $ | | | 350,000 | | | 5.00%, 07/01/2026 | | $ | 426,010 | |
| | | 350,000 | | | 5.00%, 07/01/2027 | | | 434,339 | |
| | | 460,000 | | | 5.00%, 07/01/2028 | | | 565,593 | |
| | | | | | | | | | |
| | | | | | | | | 1,425,942 | |
| | | | | | | | | | |
| | | | | | California - 2.8% | |
| | | | | | California County, CA, Tobacco Securitization Agency | | | | |
| | | 120,000 | | | 4.00%, 06/01/2022 | | | 126,787 | |
| | | 150,000 | | | 4.00%, 06/01/2023 | | | 163,592 | |
| | | 1,230,000 | | | California State Health Facs Finance Auth Rev 5.00%, 04/01/2033 | | | 1,557,118 | |
| | | | | | City of Pomona, CA | |
| | | 205,000 | | | 4.00%, 08/01/2023 | | | 219,873 | |
| | | 305,000 | | | 4.00%, 08/01/2024 | | | 333,249 | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | California - 2.8% - (continued) | |
| | | | | | City of Riverside, CA | |
| $ | | | 200,000 | | | 1.90%, 06/01/2023 | | $ | 204,476 | |
| | | 360,000 | | | 2.11%, 06/01/2024 | | | 370,559 | |
| | | | | | County of Sacramento, CA, Airport System Rev | |
| | | 550,000 | | | 5.00%, 07/01/2032 | | | 708,059 | |
| | | 960,000 | | | 5.00%, 07/01/2033 | | | 1,225,728 | |
| | | 600,000 | | | 5.00%, 07/01/2034 | | | 762,234 | |
| | | 20,000 | | | East Side, CA, Union High School Dist, GO, (NATL Insured) 5.25%, 02/01/2024 | | | 23,081 | |
| | | 1,000,000 | | | Merced, CA, Union High School Dist, GO 0.00%, 08/01/2034(3) | | | 755,260 | |
| | | 4,675,000 | | | Moreno Valley, CA, Unified School Dist, GO (NATL Insured) 0.00%, 08/01/2025(3) | | | 4,481,922 | |
| | | 200,000 | | | North Orange County, CA, Community College Dist, GO (NATL) 0.00%, 08/01/2028(3) | | | 182,428 | |
| | | 300,000 | | | Rialto, CA, Unified School Dist, GO, (AGM Insured) 0.00%, 08/01/2029(3) | | | 263,190 | |
| | | | | | San Diego, CA, Public Facs Financing Auth | |
| | | 175,000 | | | 5.00%, 08/01/2027 | | | 225,533 | |
| | | 350,000 | | | 5.00%, 08/01/2028 | | | 461,370 | |
| | | 225,000 | | | 5.00%, 08/01/2029 | | | 302,794 | |
| | | 125,000 | | | 5.00%, 08/01/2030 | | | 171,144 | |
| | | 10,000 | | | Southern California Metropolitan Water Dist, (FGIC-TCRS Insured) 5.75%, 07/01/2021 | | | 10,000 | |
| | | | | | | | | | |
| | | | | | | | | 12,548,397 | |
| | | | | | | | | | |
| | | | | | Colorado - 1.0% | |
| | | 950,000 | | | City & County of Denver, CO, Airport System Rev 5.00%, 11/15/2032 | | | 1,224,313 | |
| | | 3,020,000 | | | Colorado Housing and Finance Auth, (GNMA/FNMA/FHLMC Insured) 3.50%, 05/01/2050 | | | 3,359,659 | |
| | | | | | | | | | |
| | | | | | | | | 4,583,972 | |
| | | | | | | | | | |
| | | | | | Connecticut - 1.0% | |
| | | 2,640,000 | | | Connecticut Housing Finance Auth Rev (GNMA/FNMA/FHLMC Insured) 4.25%, 05/15/2042 | | | 2,922,110 | |
| | | | | | State of Connecticut, GO | |
| | | 830,000 | | | 2.10%, 07/01/2025 | | | 870,313 | |
| | | 150,000 | | | 4.00%, 06/01/2023 | | | 163,868 | |
| | | 215,000 | | | 4.00%, 06/01/2024 | | | 241,501 | |
| | | | | | State of Connecticut, Special Tax Rev | |
| | | 155,000 | | | 5.00%, 05/01/2023 | | | 172,715 | |
| | | 230,000 | | | 5.00%, 05/01/2024 | | | 265,666 | |
| | | | | | | | | | |
| | | | | | | | | 4,636,173 | |
| | | | | | | | | | |
| | | | | | Delaware - 0.4% | |
| | | | | | Delaware Transportation Auth | |
| | | 630,000 | | | 5.00%, 09/01/2029 | | | 827,927 | |
| | | 285,000 | | | 5.00%, 07/01/2032 | | | 381,877 | |
| | | 570,000 | | | 5.00%, 09/01/2033 | | | 745,726 | |
| | | | | | | | | | |
| | | | | | | | | 1,955,530 | |
| | | | | | | | | | |
| | | | | | District of Columbia - 2.4% | |
| | | 2,800,000 | | | Dist of Columbia 5.00%, 10/01/2030 | | | 3,734,220 | |
| | | 5,225,000 | | | Dist of Columbia Water & Sewer Auth Rev 5.00%, 10/01/2052 | | | 6,248,212 | |
| | | 600,000 | | | Dist of Columbia, GO 5.00%, 06/01/2032 | | | 746,142 | |
| | | | | | | | | | |
| | | | | | | | | 10,728,574 | |
| | | | | | | | | | |
| | | | | | Florida - 3.3% | |
| | | 4,810,000 | | | County of Miami-Dade, FL, GO 5.00%, 07/01/2029 | | | 6,359,109 | |
| | | 310,000 | | | Florida Housing Finance Corp., (GNMA/FNMA/FHLMC Insured) 3.00%, 07/01/2051 | | | 340,476 | |
| | | | | | Florida Housing Finance Corp. Rev (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 725,000 | | | 3.50%, 07/01/2051 | | | 808,767 | |
| | | 970,000 | | | 4.00%, 07/01/2049 | | | 1,058,192 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | Florida - 3.3% - (continued) | |
| $ | | | 4,035,000 | | | Florida State Board of Administration Finance Co. 1.26%, 07/01/2025 | | $ | 4,077,125 | |
| | | 1,840,000 | | | Miami-Dade County, FL, Transit System 5.00%, 07/01/2042 | | | 1,984,790 | |
| | | | | | | | | | |
| | | | | | | | | 14,628,459 | |
| | | | | | | | | | |
| | | | | | Georgia - 3.2% | |
| | | | | | Georgia Municipal Association, Inc. | |
| | | 50,000 | | | 5.00%, 12/01/2026 | | | 62,921 | |
| | | 35,000 | | | 5.00%, 12/01/2027 | | | 45,179 | |
| | | 25,000 | | | 5.00%, 12/01/2028 | | | 32,030 | |
| | | 80,000 | | | 5.00%, 12/01/2029 | | | 101,441 | |
| | | 55,000 | | | 5.00%, 12/01/2030 | | | 69,402 | |
| | | 55,000 | | | 5.00%, 12/01/2032 | | | 68,471 | |
| | | 35,000 | | | 5.00%, 12/01/2033 | | | 43,406 | |
| | | 55,000 | | | 5.00%, 12/01/2034 | | | 68,065 | |
| | | | | | Main Street, GA, Natural Gas, Inc. | |
| | | 3,945,000 | | | 4.00%, 08/01/2048(4) | | | 4,328,572 | |
| | | 8,250,000 | | | 4.00%, 03/01/2050(4) | | | 9,517,365 | |
| | | | | | | | | | |
| | | | | | | | | 14,336,852 | |
| | | | | | | | | | |
| | | | | | Illinois - 5.5% | |
| | | | | | Champaign County, IL, Community Unit School Dist No. 4 Champaign, GO | | | | |
| | | 130,000 | | | 5.00%, 01/01/2027 | | | 158,994 | |
| | | 475,000 | | | 5.00%, 01/01/2029 | | | 579,049 | |
| | | 695,000 | | | Chicago, IL, Metropolitan Water Reclamation Dist, GO 5.25%, 12/01/2032 | | | 964,410 | |
| | | 7,735,000 | | | Chicago, IL, O’Hare International Airport 5.00%, 01/01/2033 | | | 9,680,274 | |
| | | 1,145,000 | | | Chicago, IL, Transit Auth 5.00%, 06/01/2025 | | | 1,352,165 | |
| | | | | | Illinois Housing Dev Auth (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 6,870,000 | | | 3.75%, 04/01/2050 | | | 7,673,103 | |
| | | 1,510,000 | | | 4.50%, 10/01/2048 | | | 1,699,626 | |
| | | 90,000 | | | Metropolitan Pier & Exposition Auth, IL (NATL Insured) 0.00%, 06/15/2028(3) | | | 73,284 | |
| | | 1,350,000 | | | Railsplitter, IL, Tobacco Settlement Auth 5.00%, 06/01/2022 | | | 1,444,014 | |
| | | | | | Rock Island County, IL, School District No 41 Rock Island, GO (BAM Insured) | | | | |
| | | 125,000 | | | 4.00%, 12/01/2023 | | | 137,068 | |
| | | 140,000 | | | 5.00%, 12/01/2024 | | | 163,282 | |
| | | 605,000 | | | Southwestern Illinois Dev Auth 6.38%, 11/01/2023 | | | 656,153 | |
| | | | | | | | | | |
| | | | | | | | | 24,581,422 | |
| | | | | | | | | | |
| | | | | | Indiana - 0.2% | |
| | | 990,000 | | | Indiana Housing & Community Dev Auth, (GNMA Insured) 4.00%, 07/01/2048 | | | 1,083,614 | |
| | | | | | | | | | |
| | | | | | Iowa - 0.4% | |
| | | | | | Iowa Finance Auth, (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 650,000 | | | 3.25%, 07/01/2050 | | | 718,978 | |
| | | 770,000 | | | 4.00%, 07/01/2048 | | | 843,681 | |
| | | | | | | | | | |
| | | | | | | | | 1,562,659 | |
| | | | | | | | | | |
| | | | | | Kentucky - 3.8% | |
| | | | | | Kentucky Public Energy Auth | |
| | | 6,080,000 | | | 4.00%, 12/01/2049(4) | | | 6,851,795 | |
| | | 6,265,000 | | | 4.00%, 02/01/2050(4) | | | 7,311,130 | |
| | | | | | Kentucky State Property & Building Commission Rev | | | | |
| | | 660,000 | | | 5.00%, 05/01/2024 | | | 759,620 | |
| | | 1,175,000 | | | 5.00%, 08/01/2024 | | | 1,364,140 | |
| | | 445,000 | | | 5.00%, 05/01/2025 | | | 528,286 | |
| | | | | | | | | | |
| | | | | | | | | 16,814,971 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | Louisiana - 0.1% | |
| $ | | | 365,000 | | | Louisiana Housing Corp. Rev 4.50%, 12/01/2047 | | $ | 405,884 | |
| | | | | | | | | | |
| | | | | | Maine - 0.9% | |
| | | | | | Maine Municipal Bond Bank | |
| | | 325,000 | | | 5.00%, 09/01/2029(2) | | | 427,209 | |
| | | 535,000 | | | 5.00%, 09/01/2031(2) | | | 707,500 | |
| | | 415,000 | | | 5.00%, 09/01/2032(2) | | | 545,327 | |
| | | 1,920,000 | | | Maine State Housing Auth 4.00%, 11/15/2048 | | | 2,099,520 | |
| | | | | | | | | | |
| | | | | | | | | 3,779,556 | |
| | | | | | | | | | |
| | | | | | Maryland - 3.0% | |
| | | | | | State of Maryland Department of Transportation | |
| | | 7,095,000 | | | 5.00%, 10/01/2029 | | | 9,542,491 | |
| | | 2,710,000 | | | 5.00%, 10/01/2030 | | | 3,713,486 | |
| | | | | | | | | | |
| | | | | | | | | 13,255,977 | |
| | | | | | | | | | |
| | | | | | Massachusetts - 0.9% | |
| | | 1,685,000 | | | Commonwealth of Massachusetts, GO 5.00%, 01/01/2035 | | | 2,102,122 | |
| | | | | | Massachusetts Educational Financing Auth | |
| | | 665,000 | | | 3.17%, 07/01/2025 | | | 690,536 | |
| | | 510,000 | | | 3.27%, 07/01/2026 | | | 528,594 | |
| | | 560,000 | | | 3.38%, 07/01/2027 | | | 582,865 | |
| | | 75,000 | | | Massachusetts Health & Educational Facs Auth 0.12%, 07/01/2027(4) | | | 75,000 | |
| | | | | | | | | | |
| | | | | | | | | 3,979,117 | |
| | | | | | | | | | |
| | | | | | Michigan - 0.2% | |
| | | | | | Southgate, MI, Community School Dist, GO (BAM Q-SBLF Insured) | | | | |
| | | 255,000 | | | 5.00%, 05/01/2024 | | | 294,928 | |
| | | 350,000 | | | 5.00%, 05/01/2025 | | | 417,903 | |
| | | 320,000 | | | State of Michigan Rev 5.00%, 03/15/2027 | | | 402,608 | |
| | | | | | | | | | |
| | | | | | | | | 1,115,439 | |
| | | | | | | | | | |
| | | | | | Minnesota - 1.8% | |
| | | 7,090,000 | | | Minnesota Housing Finance Agency Rev (GNMA/FNMA/FHLMC Insured) 3.00%, 01/01/2051 | | | 7,770,569 | |
| | | | | | | | | | |
| | | | | | Mississippi - 0.4% | |
| | | 1,435,000 | | | Mississippi Home Corp. (GNMA/FNMA/FHLMC Insured) 3.25%, 12/01/2050 | | | 1,586,909 | |
| | | | | | | | | | |
| | | | | | Missouri - 4.2% | |
| | | 8,045,000 | | | Curators of The University Of Missouri 5.00%, 11/01/2030 | | | 10,959,864 | |
| | | 2,005,000 | | | Missouri Housing Dev Commission (GNMA/FNMA/FHLMC Insured) 3.25%, 05/01/2051 | | | 2,226,553 | |
| | | | | | Missouri Housing Dev Commission Rev (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 1,140,000 | | | 3.50%, 11/01/2050 | | | 1,274,668 | |
| | | 1,905,000 | | | 4.25%, 05/01/2049 | | | 2,130,609 | |
| | | 1,650,000 | | | 4.75%, 05/01/2049 | | | 1,874,846 | |
| | | | | | | | | | |
| | | | | | | | | 18,466,540 | |
| | | | | | | | | | |
| | | | | | Nebraska - 1.3% | |
| | | 4,015,000 | | | Nebraska Investment Finance Auth 3.00%, 09/01/2050 | | | 4,398,031 | |
| | | 1,235,000 | | | Nebraska Investment Finance Auth Rev 4.00%, 09/01/2048 | | | 1,359,846 | |
| | | | | | | | | | |
| | | | | | | | | 5,757,877 | |
| | | | | | | | | | |
| | | | | | Nevada - 0.4% | |
| | | 1,465,000 | | | Nevada Housing Division, (GNMA/FNMA/FHLMC Insured) 4.00%, 10/01/2049 | | | 1,634,193 | |
| | | | | | | | | | |
| | | | | | New Jersey - 1.7% | |
| | | 1,430,000 | | | Garden State, NJ, Preservation Trust, (AGM Insured) 5.75%, 11/01/2028 | | | 1,788,201 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | New Jersey - 1.7% - (continued) | |
| | | | | | New Jersey Economic Dev Auth | |
| $ | | | 70,000 | | | 5.00%, 03/01/2026 | | $ | 75,200 | |
| | | 285,000 | | | 5.00%, 06/15/2027 | | | 330,868 | |
| | | 565,000 | | | 5.00%, 06/15/2028 | | | 651,021 | |
| | | | | | New Jersey Transportation Trust Fund Auth | |
| | | 405,000 | | | 5.00%, 06/15/2024 | | | 456,557 | |
| | | 1,530,000 | | | 5.00%, 12/15/2028 | | | 1,802,600 | |
| | | 685,000 | | | 5.50%, 12/15/2022 | | | 751,842 | |
| | | | | | New Jersey Turnpike Auth | |
| | | 110,000 | | | 5.00%, 01/01/2023 | | | 120,579 | |
| | | 605,000 | | | 5.00%, 01/01/2029 | | | 758,912 | |
| | | 740,000 | | | Tobacco Settlement Financing Corp., NJ 5.00%, 06/01/2029 | | | 928,056 | |
| | | | | | | | | | |
| | | | | | | | | 7,663,836 | |
| | | | | | | | | | |
| | | | | | New Mexico - 1.4% | |
| | | | | | New Mexico Mortgage Finance Auth (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 4,460,000 | | | 3.00%, 01/01/2051 | | | 4,894,984 | |
| | | 1,010,000 | | | 4.00%, 01/01/2049 | | | 1,113,979 | |
| | | | | | | | | | |
| | | | | | | | | 6,008,963 | |
| | | | | | | | | | |
| | | | | | New York - 6.0% | |
| | | 4,210,000 | | | City of New York, NY, GO 5.00%, 08/01/2033 | | | 5,395,115 | |
| | | 2,605,000 | | | New York City Transitional Finance Auth, Future Tax Secured Rev 5.00%, 05/01/2033 | | | 3,384,911 | |
| | | 7,600,000 | | | New York State Dormitory Auth Rev 4.00%, 03/15/2035 | | | 8,961,008 | |
| | | 285,000 | | | New York State Dormitory Auth Rev 5.00%, 07/01/2031 | | | 386,731 | |
| | | | | | Port Auth of New York & New Jersey Rev | |
| | | 4,100,000 | | | 1.09%, 07/01/2023 | | | 4,146,494 | |
| | | 2,585,000 | | | 5.00%, 07/15/2033 | | | 3,307,740 | |
| | | 750,000 | | | Port Auth. of New York & New Jersey 5.00%, 07/15/2031 | | | 932,842 | |
| | | | | | | | | | |
| | | | | | | | | 26,514,841 | |
| | | | | | | | | | |
| | | | | | Ohio - 2.1% | |
| | | | | | Ohio Housing Finance Agency Rev (GNMA/FNMA/FHLMC Insured) | | | | |
| | | 3,210,000 | | | 3.25%, 03/01/2050 | | | 3,555,621 | |
| | | 1,650,000 | | | 4.50%, 09/01/2048 | | | 1,847,323 | |
| | | | | | Ohio State University | |
| | | 5,000 | | | 5.00%, 12/01/2030 | | | 6,919 | |
| | | 5,000 | | | 5.00%, 12/01/2031 | | | 6,997 | |
| | | | | | Ohio Turnpike & Infrastructure Commission Rev | |
| | | 1,680,000 | | | 0.00%, 02/15/2038(3) | | | 1,082,558 | |
| | | 1,395,000 | | | 0.00%, 02/15/2041(3) | | | 804,078 | |
| | | | | | State of Ohio, GO | |
| | | 965,000 | | | 5.00%, 08/01/2027 | | | 1,240,710 | |
| | | 525,000 | | | 5.00%, 05/01/2032 | | | 705,852 | |
| | | | | | | | | | |
| | | | | | | | | 9,250,058 | |
| | | | | | | | | | |
| | | | | | Oklahoma - 0.3% | |
| | | 1,255,000 | | | Oklahoma Housing Finance Agency (GNMA/FNMA/FHLMC Insured) 4.00%, 03/01/2050 | | | 1,423,409 | |
| | | | | | | | | | |
| | | | | | Oregon - 0.9% | |
| | | 3,310,000 | | | Multnomah County, OR, School Dist No.1 Portland, GO (School Bond Guaranty Insured) 5.00%, 06/15/2025 | | | 4,013,607 | |
| | | | | | | | | | |
| | | | | | Pennsylvania - 2.6% | |
| | | 635,000 | | | Commonwealth Finance Auth, PA 5.00%, 06/01/2032 | | | 792,823 | |
| | | 1,295,000 | | | Geisinger, PA, Health System Auth Rev 5.00%, 02/15/2032 | | | 1,566,691 | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | Pennsylvania - 2.6% - (continued) | |
| $ | | | 2,220,000 | | | Pennsylvania Housing Finance Agency 3.50%, 04/01/2049 | | $ | 2,402,151 | |
| | | | | | Pennsylvania State University | |
| | | 260,000 | | | 5.00%, 03/01/2025 | | | 310,682 | |
| | | 255,000 | | | 5.00%, 03/01/2026 | | | 314,458 | |
| | | 450,000 | | | 5.00%, 03/01/2027 | | | 569,425 | |
| | | 365,000 | | | 5.00%, 03/01/2028 | | | 472,978 | |
| | | | | | Pennsylvania Turnpike Commission Rev | |
| | | 240,000 | | | 5.00%, 12/01/2026 | | | 295,582 | |
| | | 705,000 | | | 5.00%, 12/01/2027 | | | 887,898 | |
| | | 445,000 | | | 5.00%, 12/01/2028 | | | 557,986 | |
| | | 300,000 | | | 5.00%, 12/01/2032 | | | 394,959 | |
| | | 310,000 | | | 5.00%, 12/01/2033 | | | 406,013 | |
| | | | | | Philadelphia Gas Works Co, (AGM Insured) | |
| | | 440,000 | | | 5.00%, 08/01/2029 | | | 574,882 | |
| | | 710,000 | | | 5.00%, 08/01/2030 | | | 938,861 | |
| | | 820,000 | | | 5.00%, 08/01/2033 | | | 1,060,998 | |
| | | | | | Reading, PA, School Dist, GO (AGM State Aid Withholding Insured) | | | | |
| | | 70,000 | | | 5.00%, 03/01/2025 | | | 82,589 | |
| | | 55,000 | | | 5.00%, 03/01/2026 | | | 66,504 | |
| | | 50,000 | | | 5.00%, 03/01/2027 | | | 61,154 | |
| | | | | | | | | | |
| | | | | | | | | 11,756,634 | |
| | | | | | | | | | |
| | | | | | Rhode Island - 2.3% | |
| | | 2,230,000 | | | Rhode Island Commerce Corp. 5.00%, 05/15/2026 | | | 2,744,372 | |
| | | 6,590,000 | | | Rhode Island Housing & Mortgage Finance Corp. 3.75%, 10/01/2049 | | | 7,332,363 | |
| | | | | | | | | | |
| | | | | | | | | 10,076,735 | |
| | | | | | | | | | |
| | | | | | South Carolina - 2.3% | |
| | | 6,375,000 | | | Patriots Energy Group Financing Agency, SC 4.00%, 10/01/2048(4) | | | 7,022,381 | |
| | | 2,395,000 | | | South Carolina Jobs-Economic Dev Auth 3.75%, 01/01/2050 | | | 2,695,525 | |
| | | 250,000 | | | Tobacco Settlement Rev Mgmt Auth, SC 6.38%, 05/15/2030 | | | 357,317 | |
| | | | | | | | | | |
| | | | | | | | | 10,075,223 | |
| | | | | | | | | | |
| | | | | | South Dakota - 0.3% | |
| | | | | | South Dakota Conservancy Dist | |
| | | 185,000 | | | 5.00%, 08/01/2026 | | | 232,036 | |
| | | 255,000 | | | 5.00%, 08/01/2027 | | | 328,440 | |
| | | 185,000 | | | 5.00%, 08/01/2028 | | | 243,704 | |
| | | 245,000 | | | 5.00%, 08/01/2029 | | | 329,221 | |
| | | 235,000 | | | 5.00%, 08/01/2030 | | | 322,275 | |
| | | | | | | | | | |
| | | | | | | | | 1,455,676 | |
| | | | | | | | | | |
| | | | | | Tennessee - 0.4% | |
| | | 250,000 | | | Metropolitan Nashville, TN, Airport Auth 5.00%, 07/01/2049 | | | 296,063 | |
| | | 1,365,000 | | | Tennessee Housing Dev Agency 4.50%, 07/01/2049 | | | 1,530,424 | |
| | | | | | | | | | |
| | | | | | | | | 1,826,487 | |
| | | | | | | | | | |
| | | | | | Texas - 8.4% | |
| | | 2,775,000 | | | Arlington, TX, Higher Education Finance Corp, GO (PSF-GTD Insured) 4.00%, 08/01/2033 | | | 3,432,259 | |
| | | | | | Arlington, TX, Higher Education Finance Corp., (PSF-GTD Insured) | | | | |
| | | 3,770,000 | | | 5.00%, 08/15/2033 | | | 4,926,598 | |
| | | 2,375,000 | | | 5.00%, 12/01/2047 | | | 2,811,145 | |
| | | 705,000 | | | Bexar County, TX, Hospital Dist, GO 5.00%, 02/15/2030 | | | 893,757 | |
| | | | | | City of Houston, TX, Airport System Rev | |
| | | 2,385,000 | | | 5.00%, 07/01/2029 | | | 3,068,946 | |
| | | 1,325,000 | | | 5.00%, 07/01/2030 | | | 1,724,620 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | Texas - 8.4% - (continued) | |
| $ | | | 1,305,000 | | | Conroe, TX, Independent School Dist, GO, (PSF-GTD Insured) 5.00%, 02/15/2030(2)(5) | | $ | 1,761,698 | |
| | | | | | Cypress-Fairbanks, TX, Independent School Dist, GO (PSF-GTD Insured) | | | | |
| | | 1,695,000 | | | 4.00%, 02/15/2033 | | | 2,091,918 | |
| | | 370,000 | | | 5.00%, 02/15/2027 | | | 468,938 | |
| | | 210,000 | | | Dallas, TX, Area Rapid Transit Sales Tax Rev (AMBAC Insured) 5.25%, 12/01/2030 | | | 290,058 | |
| | | 1,190,000 | | | Dallas-Fort Worth, TX, International Airport Rev 2.04%, 11/01/2024 | | | 1,235,863 | |
| | | | | | El Paso, TX, Independent School Dist, GO (PSF-GTD Insured) | | | | |
| | | 195,000 | | | 5.00%, 08/15/2024 | | | 229,185 | |
| | | 290,000 | | | 5.00%, 08/15/2025 | | | 353,397 | |
| | | 390,000 | | | 5.00%, 08/15/2026 | | | 489,138 | |
| | | 275,000 | | | Fort Bend, TX, Independent School Dist, GO (PSF-GTD Insured) 5.00%, 08/15/2024 | | | 323,439 | |
| | | | | | Harris County, TX, Cultural Education Facs Finance Corp. | | | | |
| | | 430,000 | | | 5.00%, 11/15/2027 | | | 550,404 | |
| | | 450,000 | | | 5.00%, 11/15/2028 | | | 571,730 | |
| | | 430,000 | | | 5.00%, 11/15/2029 | | | 542,333 | |
| | | | | | Lower Colorado River, TX, Auth Rev | |
| | | 370,000 | | | 5.00%, 05/15/2029 | | | 486,976 | |
| | | 140,000 | | | 5.00%, 05/15/2030 | | | 188,005 | |
| | | 100,000 | | | North East Texas Independent School Dist, GO (PSF-GTD Insured) 5.25%, 02/01/2027 | | | 127,859 | |
| | | | | | Northside, TX, Independent School Dist, GO (PSF-GTD Insured) | | | | |
| | | 160,000 | | | 5.00%, 02/15/2025 | | | 191,339 | |
| | | 90,000 | | | 5.00%, 02/15/2026 | | | 111,111 | |
| | | 530,000 | | | 5.00%, 02/15/2027 | | | 671,346 | |
| | | 705,000 | | | 5.00%, 02/15/2028 | | | 914,928 | |
| | | 480,000 | | | 5.00%, 02/15/2029 | | | 635,966 | |
| | | 365,000 | | | 5.00%, 02/15/2030 | | | 493,119 | |
| | | | | | Texas Department of Housing & Community Affairs Rev (GNMA Insured) | | | | |
| | | 1,975,000 | | | 3.50%, 03/01/2051 | | | 2,224,818 | |
| | | 1,285,000 | | | 4.00%, 03/01/2050 | | | 1,467,162 | |
| | | 1,020,000 | | | 4.75%, 03/01/2049 | | | 1,143,614 | |
| | | 880,000 | | | University of Texas 5.00%, 05/15/2035 | | | 1,085,726 | |
| | | | | | University of Texas System | |
| | | 450,000 | | | 5.00%, 08/15/2027 | | | 577,075 | |
| | | 340,000 | | | 5.00%, 08/15/2028 | | | 433,945 | |
| | | 480,000 | | | University of Texas, Permanent University Fund 5.25%, 07/01/2028 | | | 636,283 | |
| | | | | | | | | | |
| | | | | | | | | 37,154,698 | |
| | | | | | | | | | |
| | | | | | Virginia - 0.7% | |
| | | 2,355,000 | | | Virginia Public Building Auth 5.00%, 08/01/2029 | | | 2,974,412 | |
| | | | | | | | | | |
| | | | | | Washington - 1.1% | |
| | | 240,000 | | | North Thurston, WA, Public Schools, GO (School Bond Guaranty Insured) 5.00%, 12/01/2027 | | | 310,759 | |
| | | | | | Washington State Housing Finance Commission Rev | |
| | | 2,940,000 | | | 4.00%, 12/01/2048 | | | 3,226,562 | |
| | | 1,140,000 | | | 4.00%, 06/01/2050 | | | 1,293,968 | |
| | | | | | | | | | |
| | | | | | | | | 4,831,289 | |
| | | | | | | | | | |
| | | | | | West Virginia - 0.1% | |
| | | 360,000 | | | West Virginia Commissioner of Highways 5.00%, 09/01/2026 | | | 449,222 | |
| | | | | | | | | | |
| | | | | | Wisconsin - 0.4% | |
| | | | | | Wisconsin Health & Educational Facs Auth | |
| | | 825,000 | | | 5.00%, 04/01/2032 | | | 1,000,824 | |
| | | 650,000 | | | 5.00%, 04/01/2033 | | | 785,012 | |
| | | | | | | | | | |
| | | | | | | | | 1,785,836 | |
| | | | | | | | | | |
| | | | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| |
| MUNICIPAL BONDS - 68.8% - (continued) | | | |
| | | | | | Wyoming - 0.3% | |
| $ | | | 1,270,000 | | | Wyoming Community Dev Auth 4.00%, 06/01/2043 | | $ | 1,388,542 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Municipal Bonds
(cost $294,035,199) | | $ | 305,288,094 | |
| | | | | | | | | | |
|
| U.S. GOVERNMENT AGENCIES - 2.8% | |
| $ | | | 12,316,000 | | | FNMA 1.50%, 11/01/2050 | | $ | 12,383,037 | |
| | | | | | | | | | |
| | | |
| | | | | | Total U.S. Government Agencies
(cost $12,427,822) | | $ | 12,383,037 | |
| | | | | | | | | | |
| |
| U.S. GOVERNMENT SECURITIES - 13.7% | | | |
| | | | | | U.S. Treasury Securities - 13.7% | |
| | | | | | U.S. Treasury Notes - 13.7% | |
| $ | | | 6,103,000 | | | 0.13%, 04/30/2022 | | $ | 6,101,331 | |
| | | 10,383,000 | | | 0.25%, 05/31/2025 | | | 10,340,413 | |
| | | 14,967,000 | | | 0.25%, 09/30/2025 | | | 14,875,795 | |
| | | 27,647,000 | | | 1.50%, 01/31/2027 | | | 29,269,105 | |
| | | | | | | | | | |
| | | |
| | | | | | Total U.S. Government Securities
(cost $60,604,221) | | $ | 60,586,644 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Long-Term Investments
(cost $419,106,711) | | $ | 433,598,948 | |
| | | | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 2.0% | |
| | | | | | Other Investment Pools & Funds - 0.5% | |
| | | 2,512,044 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(5) | | $ | 2,512,044 | |
| | | | | | | | | | |
| | | | | | U.S. Treasury Bill - 1.5% | |
| | | 6,640,000 | | | U.S. Treasury Bills 0.09%, 03/04/2021(6) | | | 6,637,693 | |
| | | | | | | | | | |
| | | |
| | | | | | Total Short-Term Investments
(cost $9,149,979) | | $ | 9,149,737 | |
| | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | |
| | | | | | Total Investments
(cost $428,256,690) | | | 99.8 | % | | $ | 442,748,685 | |
| | | | | | Other Assets & Liabilities | | | 0.2 | % | | | 693,829 | |
| | | | | | | | | | | | | | |
| | | | | | Total Net Assets | | | 100.0 | % | | $ | 443,442,514 | |
| | | | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| (2) | This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $3,432,538 at October 31, 2020. |
| (3) | Security is a zero-coupon bond. |
| (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. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders Tax-Aware Bond Fund |
Schedule of Investments – (continued)
October 31, 2020
| (5) | Current yield as of period end. |
| (6) | The rate shown represents current yield to maturity. |
| | | | | | | | | | | | | | | | |
| Futures Contracts Outstanding at October 31, 2020 | |
Description | | Number of
Contracts | | | Expiration
Date | | | Current
Notional
Amount | | | Value and
Unrealized
Appreciation/
(Depreciation) | |
| Short position contracts: | |
U.S. Treasury 5-Year Note Future | | | 195 | | | | 12/31/2020 | | | $ | 24,492,305 | | | $ | 74,450 | |
U.S. Treasury 10-Year Note Future | | | 502 | | | | 12/21/2020 | | | | 69,385,812 | | | | 445,885 | |
| | | | | | | | | | | | | | | | |
Total | | | $ | 520,335 | |
| | | | | | | | | | | | | | | | |
Total futures contracts | | | $ | 520,335 | |
| | | | | | | | | | | | | | | | |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Corporate Bonds | | $ | 55,341,173 | | | $ | — | | | $ | 55,341,173 | | | $ | — | |
Municipal Bonds | | | 305,288,094 | | | | — | | | | 305,288,094 | | | | — | |
U.S. Government Agencies | | | 12,383,037 | | | | — | | | | 12,383,037 | | | | — | |
U.S. Government Securities | | | 60,586,644 | | | | — | | | | 60,586,644 | | | | — | |
Short-Term Investments | | | 9,149,737 | | | | 2,512,044 | | | | 6,637,693 | | | | — | |
Futures Contracts(2) | | | 520,335 | | | | 520,335 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 443,269,020 | | | $ | 3,032,379 | | | $ | 440,236,641 | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
| (2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US MidCap Opportunities Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.5% | |
| | | | Banks - 2.7% | |
| | 93,670 | | | Commerce Bancshares, Inc. | | $ | 5,830,958 | |
| | 56,884 | | | First Republic Bank | | | 7,175,348 | |
| | 42,202 | | | M&T Bank Corp. | | | 4,371,283 | |
| | | | | | | | |
| | | | | | | 17,377,589 | |
| | | | | | | | |
| | | | Capital Goods - 10.7% | |
| | 163,768 | | | BWX Technologies, Inc. | | | 9,008,878 | |
| | 76,292 | | | Dover Corp. | | | 8,446,287 | |
| | 134,644 | | | Fortune Brands Home & Security, Inc. | | | 10,888,660 | |
| | 121,061 | | | Hexcel Corp. | | | 4,053,122 | |
| | 55,055 | | | IDEX Corp. | | | 9,380,822 | |
| | 229,558 | | | Pentair plc | | | 11,422,806 | |
| | 62,011 | | | Snap-on, Inc. | | | 9,768,593 | |
| | 43,958 | | | Trane Technologies plc | | | 5,835,424 | |
| | | | | | | | |
| | | | | | | 68,804,592 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 4.3% | |
| | 147,112 | | | Dun & Bradstreet Holdings, Inc.*(1) | | | 3,801,374 | |
| | 120,369 | | | Robert Half International, Inc. | | | 6,101,504 | |
| | 52,612 | | | Verisk Analytics, Inc. | | | 9,363,358 | |
| | 81,052 | | | Waste Connections, Inc. | | | 8,050,085 | |
| | | | | | | | |
| | | | | | | 27,316,321 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.0% | |
| | 148,232 | | | Brunswick Corp. | | | 9,443,861 | |
| | 96,735 | | | Mohawk Industries, Inc.* | | | 9,982,084 | |
| | | | | | | | |
| | | | | | | 19,425,945 | |
| | | | | | | | |
| | | | Consumer Services - 2.9% | |
| | 250,752 | | | Aramark | | | 6,955,861 | |
| | 251,612 | | | Terminix Global Holdings, Inc.* | | | 11,848,409 | |
| | | | | | | | |
| | | | | | | 18,804,270 | |
| | | | | | | | |
| | | | Diversified Financials - 0.8% | |
| | 64,904 | | | Raymond James Financial, Inc. | | | 4,961,262 | |
| | | | | | | | |
| | | | Energy - 1.0% | |
| | 74,934 | | | Diamondback Energy, Inc. | | | 1,945,287 | |
| | 54,984 | | | Pioneer Natural Resources Co. | | | 4,374,527 | |
| | | | | | | | |
| | | | | | | 6,319,814 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.3% | |
| | 49,588 | | | Casey’s General Stores, Inc. | | | 8,359,049 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 1.5% | |
| | 71,246 | | | Hershey Co. | | | 9,793,475 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 8.8% | |
| | 128,799 | | | Centene Corp.* | | | 7,612,021 | |
| | 29,553 | | | Cooper Cos., Inc. | | | 9,428,885 | |
| | 227,389 | | | Dentsply Sirona, Inc. | | | 10,730,487 | |
| | 147,108 | | | Encompass Health Corp. | | | 9,019,191 | |
| | 45,488 | | | Masimo Corp.* | | | 10,181,124 | |
| | 35,181 | | | West Pharmaceutical Services, Inc. | | | 9,571,695 | |
| | | | | | | | |
| | | | | | | 56,543,403 | |
| | | | | | | | |
| | | | Household & Personal Products - 0.7% | |
| | 161,068 | | | Reynolds Consumer Products, Inc. | | | 4,548,560 | |
| | | | | | | | |
| | | | Insurance - 8.8% | |
| | 104,628 | | | Arthur J Gallagher & Co. | | | 10,850,970 | |
| | 134,660 | | | Assurant, Inc. | | | 16,747,664 | |
| | 182,899 | | | Brown & Brown, Inc. | | | 7,957,936 | |
| | 121,732 | | | Globe Life, Inc. | | | 9,871,248 | |
| | 307,379 | | | GoHealth, Inc. Class A*(1) | | | 3,184,446 | |
| | 77,292 | | | Reinsurance Group of America, Inc. | | | 7,808,038 | |
| | | | | | | | |
| | | | | | | 56,420,302 | |
| | | | | | | | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.5% - (continued) | |
| | | | Materials - 4.1% | |
| | 101,459 | | | Ashland Global Holdings, Inc. | | $ | 7,078,794 | |
| | 107,500 | | | Crown Holdings, Inc.* | | | 9,223,500 | |
| | 463,182 | | | Graphic Packaging Holding Co. | | | 6,155,689 | |
| | 57,167 | | | LyondellBasell Industries N.V. Class A | | | 3,913,081 | |
| | | | | | | | |
| | | | | | | 26,371,064 | |
| | | | | | | | |
| | | | Media & Entertainment - 3.9% | |
| | 81,403 | | | IAC/InterActiveCorp* | | | 9,826,970 | |
| | 51,259 | | | Match Group, Inc.* | | | 5,986,026 | |
| | 58,371 | | | Take-Two Interactive Software, Inc.* | | | 9,042,835 | |
| | | | | | | | |
| | | | | | | 24,855,831 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 4.3% | |
| | 150,334 | | | Catalent, Inc.* | | | 13,194,815 | |
| | 75,473 | | | PerkinElmer, Inc. | | | 9,777,527 | |
| | 122,228 | | | Royalty Pharma plc Class A | | | 4,485,768 | |
| | | | | | | | |
| | | | | | | 27,458,110 | |
| | | | | | | | |
| | | | Real Estate - 4.9% | |
| | 59,783 | | | Alexandria Real Estate Equities, Inc. REIT | | | 9,058,320 | |
| | 224,193 | | | Americold Realty Trust REIT(1) | | | 8,122,513 | |
| | 120,264 | | | Equity LifeStyle Properties, Inc. REIT | | | 7,118,426 | |
| | 23,913 | | | SBA Communications Corp. REIT | | | 6,943,618 | |
| | | | | | | | |
| | | | | | | 31,242,877 | |
| | | | | | | | |
| | | | Retailing - 3.7% | |
| | 354,466 | | | LKQ Corp.* | | | 11,339,367 | |
| | 28,346 | | | O’Reilly Automotive, Inc.* | | | 12,375,864 | |
| | | | | | | | |
| | | | | | | 23,715,231 | |
| | | | | | | | |
| | | | Semiconductors & Semiconductor Equipment - 6.2% | |
| | 140,575 | | | Entegris, Inc. | | | 10,510,793 | |
| | 22,067 | | | First Solar, Inc.* | | | 1,920,822 | |
| | 95,703 | | | Microchip Technology, Inc. | | | 10,056,471 | |
| | 50,847 | | | NXP Semiconductors N.V. | | | 6,870,447 | |
| | 421,712 | | | ON Semiconductor Corp.* | | | 10,580,754 | |
| | | | | | | | |
| | | | | | | 39,939,287 | |
| | | | | | | | |
| | | | Software & Services - 11.3% | |
| | 144,260 | | | Amdocs Ltd. | | | 8,133,379 | |
| | 87,155 | | | Black Knight, Inc.* | | | 7,665,282 | |
| | 17,086 | | | EPAM Systems, Inc.* | | | 5,278,720 | |
| | 235,965 | | | Genpact Ltd. | | | 8,110,117 | |
| | 106,393 | | | Leidos Holdings, Inc. | | | 8,830,619 | |
| | 130,123 | | | McAfee Corp. Class A*(1) | | | 2,180,861 | |
| | 25,792 | | | Palo Alto Networks, Inc.* | | | 5,704,932 | |
| | 132,459 | | | PTC, Inc.* | | | 11,110,661 | |
| | 409,642 | | | Teradata Corp.* | | | 7,525,124 | |
| | 42,451 | | | VeriSign, Inc.* | | | 8,095,406 | |
| | | | | | | | |
| | | | | | | 72,635,101 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 7.5% | |
| | 48,477 | | | CDW Corp. | | | 5,943,280 | |
| | 137,079 | | | Ciena Corp.* | | | 5,399,542 | |
| | 149,310 | | | Dolby Laboratories, Inc. Class A | | | 11,210,195 | |
| | 186,975 | | | FLIR Systems, Inc. | | | 6,486,163 | |
| | 98,821 | | | Keysight Technologies, Inc.* | | | 10,363,358 | |
| | 87,133 | | | TE Connectivity Ltd. | | | 8,441,445 | |
| | | | | | | | |
| | | | | | | 47,843,983 | |
| | | | | | | | |
| | | | Utilities - 5.1% | |
| | 155,545 | | | Alliant Energy Corp. | | | 8,598,528 | |
| | 388,445 | | | CenterPoint Energy, Inc. | | | 8,207,843 | |
| | 51,992 | | | Eversource Energy | | | 4,537,342 | |
| | 222,463 | | | FirstEnergy Corp. | | | 6,611,600 | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US MidCap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 97.5% - (continued) | |
| | | | Utilities - 5.1% - (continued) | |
| | 210,448 | | | NiSource, Inc. | | $ | 4,833,990 | |
| | | | | | | | |
| | | | | | | 32,789,303 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $496,815,687) | | $ | 625,525,369 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 3.6% | |
| | | | Other Investment Pools & Funds - 2.6% | |
| | 16,378,296 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(2) | | $ | 16,378,296 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 1.0% | |
| | 6,673,830 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2) | | | 6,673,830 | |
| | 6,735 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(2) | | | 6,735 | |
| | | | | | | | |
| | | | | | | 6,680,565 | |
| | | | | | | | |
| | |
| | | | Total Short-Term Investments
(cost $23,058,861) | | $ | 23,058,861 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | | | | | | |
| | | |
| | | | Total Investments
(cost $519,874,548) | | | 101.1 | % | | $ | 648,584,230 | |
| | | | Other Assets and Liabilities | | | (1.1 | )% | | | (7,050,388 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 641,533,842 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Banks | | $ | 17,377,589 | | | $ | 17,377,589 | | | $ | — | | | $ | — | |
Capital Goods | | | 68,804,592 | | | | 68,804,592 | | | | — | | | | — | |
Commercial & Professional Services | | | 27,316,321 | | | | 27,316,321 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 19,425,945 | | | | 19,425,945 | | | | — | | | | — | |
Consumer Services | | | 18,804,270 | | | | 18,804,270 | | | | — | | | | — | |
Diversified Financials | | | 4,961,262 | | | | 4,961,262 | | | | — | | | | — | |
Energy | | | 6,319,814 | | | | 6,319,814 | | | | — | | | | — | |
Food & Staples Retailing | | | 8,359,049 | | | | 8,359,049 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 9,793,475 | | | | 9,793,475 | | | | — | | | | — | |
Health Care Equipment & Services | | | 56,543,403 | | | | 56,543,403 | | | | — | | | | — | |
Household & Personal Products | | | 4,548,560 | | | | 4,548,560 | | | | — | | | | — | |
Insurance | | | 56,420,302 | | | | 56,420,302 | | | | — | | | | — | |
Materials | | | 26,371,064 | | | | 26,371,064 | | | | — | | | | — | |
Media & Entertainment | | | 24,855,831 | | | | 24,855,831 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 27,458,110 | | | | 27,458,110 | | | | — | | | | — | |
Real Estate | | | 31,242,877 | | | | 31,242,877 | | | | — | | | | — | |
Retailing | | | 23,715,231 | | | | 23,715,231 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 39,939,287 | | | | 39,939,287 | | | | — | | | | — | |
Software & Services | | | 72,635,101 | | | | 72,635,101 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 47,843,983 | | | | 47,843,983 | | | | — | | | | — | |
Utilities | | | 32,789,303 | | | | 32,789,303 | | | | — | | | | — | |
Short-Term Investments | | | 23,058,861 | | | | 23,058,861 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 648,584,230 | | | $ | 648,584,230 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% | |
| | | | Automobiles & Components - 3.0% | |
| | 43,211 | | | Gentherm, Inc.* | | $ | 2,000,237 | |
| | 13,481 | | | LCI Industries | | | 1,478,326 | |
| | 24,834 | | | Patrick Industries, Inc. | | | 1,384,496 | |
| | 45,207 | | | Standard Motor Products, Inc. | | | 2,070,481 | |
| | | | | | | | |
| | | | | | | 6,933,540 | |
| | | | | | | | |
| | | | Banks - 6.9% | |
| | 14,867 | | | Cambridge Bancorp | | | 923,092 | |
| | 78,415 | | | First Interstate BancSystem, Inc. Class A | | | 2,768,050 | |
| | 63,293 | | | First Merchants Corp. | | | 1,652,580 | |
| | 61,563 | | | Heritage Financial Corp. | | | 1,290,360 | |
| | 38,438 | | | Lakeland Financial Corp. | | | 1,965,335 | |
| | 103,425 | | | OceanFirst Financial Corp. | | | 1,548,272 | |
| | 92,774 | | | Seacoast Banking Corp. of Florida* | | | 1,992,786 | |
| | 30,724 | | | South State Corp. | | | 1,886,454 | |
| | 99,033 | | | United Community Banks, Inc. | | | 2,073,751 | |
| | | | | | | | |
| | | | | | | 16,100,680 | |
| | | | | | | | |
| | | | Capital Goods - 12.2% | |
| | 33,238 | | | Albany International Corp. Class A | | | 1,693,144 | |
| | 45,774 | | | Comfort Systems USA, Inc. | | | 2,096,449 | |
| | 37,542 | | | Dycom Industries, Inc.* | | | 2,437,977 | |
| | 44,768 | | | EnPro Industries, Inc. | | | 2,642,207 | |
| | 27,085 | | | ESCO Technologies, Inc. | | | 2,266,744 | |
| | 14,666 | | | Generac Holdings, Inc.* | | | 3,082,060 | |
| | 26,813 | | | Gibraltar Industries, Inc.* | | | 1,540,407 | |
| | 41,155 | | | Hexcel Corp. | | | 1,377,869 | |
| | 9,704 | | | IDEX Corp. | | | 1,653,465 | |
| | 68,993 | | | Maxar Technologies, Inc. | | | 1,777,950 | |
| | 20,203 | | | Simpson Manufacturing Co., Inc. | | | 1,792,410 | |
| | 9,217 | | | TPI Composites, Inc.* | | | 305,267 | |
| | 176,376 | | | Univar Solutions, Inc.* | | | 2,926,078 | |
| | 20,855 | | | Valmont Industries, Inc. | | | 2,960,367 | |
| | | | | | | | |
| | | | | | | 28,552,394 | |
| | | | | | | | |
| | | | Commercial & Professional Services - 3.1% | |
| | 73,758 | | | ASGN, Inc.* | | | 4,918,184 | |
| | 154,272 | | | KAR Auction Services, Inc. | | | 2,246,200 | |
| | | | | | | | |
| | | | | | | 7,164,384 | |
| | | | | | | | |
| | | | Consumer Durables & Apparel - 3.6% | |
| | 13,975 | | | Cavco Industries, Inc.* | | | 2,405,656 | |
| | 41,814 | | | Oxford Industries, Inc. | | | 1,721,482 | |
| | 82,178 | | | Skyline Champion Corp.* | | | 2,107,866 | |
| | 94,185 | | | Steven Madden Ltd. | | | 2,261,382 | |
| | | | | | | | |
| | | | | | | 8,496,386 | |
| | | | | | | | |
| | | | Consumer Services - 3.2% | |
| | 111,862 | | | Extended Stay America, Inc. | | | 1,269,634 | |
| | 69,950 | | | Red Rock Resorts, Inc. Class A | | | 1,337,444 | |
| | 102,921 | | | Terminix Global Holdings, Inc.* | | | 4,846,550 | |
| | | | | | | | |
| | | | | | | 7,453,628 | |
| | | | | | | | |
| | | | Diversified Financials - 2.6% | |
| | 139,489 | | | Compass Diversified Holdings | | | 2,411,765 | |
| | 58,781 | | | Houlihan Lokey, Inc. | | | 3,685,568 | |
| | | | | | | | |
| | | | | | | 6,097,333 | |
| | | | | | | | |
| | | | Energy - 1.1% | |
| | 35,131 | | | Cactus, Inc. Class A | | | 597,227 | |
| | 134,834 | | | Parsley Energy, Inc. Class A | | | 1,349,688 | |
| | 117,426 | | | Solaris Oilfield Infrastructure, Inc. Class A | | | 696,336 | |
| | | | | | | | |
| | | | | | | 2,643,251 | |
| | | | | | | | |
| | | | Food & Staples Retailing - 1.2% | |
| | 85,231 | | | Performance Food Group Co.* | | | 2,864,614 | |
| | | | | | | | |
| | | | Food, Beverage & Tobacco - 3.0% | |
| | 89,294 | | | Darling Ingredients, Inc.* | | | 3,839,642 | |
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% - (continued) | |
| | | | Food, Beverage & Tobacco - 3.0% - (continued) | |
| | 36,357 | | | Hain Celestial Group, Inc.* | | $ | 1,117,978 | |
| | 157,284 | | | Primo Water Corp. | | | 1,970,768 | |
| | | | | | | | |
| | | | | | | 6,928,388 | |
| | | | | | | | |
| | | | Health Care Equipment & Services - 6.2% | |
| | 64,846 | | | AdaptHealth Corp.* | | | 1,770,296 | |
| | 207,769 | | | Change Healthcare, Inc.* | | | 2,939,931 | |
| | 143,437 | | | Envista Holdings Corp. | | | 3,789,606 | |
| | 14,572 | | | ICU Medical, Inc.* | | | 2,590,756 | |
| | 9,027 | | | Mesa Laboratories, Inc. | | | 2,359,748 | |
| | 232,141 | | | Sientra, Inc.* | | | 979,635 | |
| | | | | | | | |
| | | | | | | 14,429,972 | |
| | | | | | | | |
| | | | Insurance - 8.1% | |
| | 34,685 | | | AMERISAFE, Inc. | | | 2,045,721 | |
| | 61,246 | | | Axis Capital Holdings Ltd. | | | 2,614,592 | |
| | 47,675 | | | Brown & Brown, Inc. | | | 2,074,339 | |
| | 18,937 | | | eHealth, Inc.* | | | 1,270,862 | |
| | 50,169 | | | James River Group Holdings Ltd. | | | 2,344,397 | |
| | 29,328 | | | Kemper Corp. | | | 1,808,365 | |
| | 28,814 | | | Palomar Holdings, Inc.* | | | 2,569,344 | |
| | 19,772 | | | Reinsurance Group of America, Inc. | | | 1,997,368 | |
| | 79,358 | | | Selectquote, Inc.* | | | 1,366,545 | |
| | 91,892 | | | Trean Insurance Group, Inc.* | | | 997,028 | |
| | | | | | | | |
| | | | | | | 19,088,561 | |
| | | | | | | | |
| | | | Materials - 8.7% | |
| | 109,352 | | | Ardagh Group S.A. | | | 1,802,121 | |
| | 39,597 | | | Ashland Global Holdings, Inc. | | | 2,762,683 | |
| | 26,052 | | | Balchem Corp. | | | 2,603,897 | |
| | 40,652 | | | Compass Minerals International, Inc. | | | 2,454,568 | |
| | 91,172 | | | Element Solutions, Inc.* | | | 1,068,536 | |
| | 205,616 | | | Graphic Packaging Holding Co. | | | 2,732,636 | |
| | 182,372 | | | Pretium Resources, Inc.* | | | 2,221,291 | |
| | 34,417 | | | Sensient Technologies Corp. | | | 2,251,904 | |
| | 126,270 | | | Valvoline, Inc. | | | 2,483,731 | |
| | | | | | | | |
| | | | | | | 20,381,367 | |
| | | | | | | | |
| | | | Media & Entertainment - 1.8% | |
| | 60,161 | | | John Wiley & Sons, Inc. Class A | | | 1,862,584 | |
| | 22,171 | | | Madison Square Garden Entertainment Corp.* | | | 1,441,115 | |
| | 347,617 | | | MDC Partners, Inc. Class A* | | | 813,424 | |
| | | | | | | | |
| | | | | | | 4,117,123 | |
| | | | | | | | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 7.4% | |
| | 45,459 | | | Aerie Pharmaceuticals, Inc.*(1) | | | 482,320 | |
| | 9,068 | | | Bio-Techne Corp. | | | 2,288,854 | |
| | 41,668 | | | Catalent, Inc.* | | | 3,657,200 | |
| | 142,831 | | | Evolus, Inc.*(1) | | | 432,778 | |
| | 70,296 | | | Flexion Therapeutics, Inc.* | | | 842,849 | |
| | 45,729 | | | Intra-Cellular Therapies, Inc.* | | | 1,128,134 | |
| | 34,409 | | | Natera, Inc.* | | | 2,314,349 | |
| | 23,477 | | | Pacira BioSciences, Inc.* | | | 1,227,847 | |
| | 18,315 | | | Repligen Corp.* | | | 3,050,730 | |
| | 35,820 | | | Syneos Health, Inc.* | | | 1,901,326 | |
| | | | | | | | |
| | | | | | | 17,326,387 | |
| | | | | | | | |
| | | | Real Estate - 3.2% | |
| | 50,179 | | | Douglas Emmett, Inc. REIT | | | 1,184,224 | |
| | 28,585 | | | Equity LifeStyle Properties, Inc. REIT | | | 1,691,946 | |
| | 138,182 | | | Kennedy-Wilson Holdings, Inc. | | | 1,821,239 | |
| | 48,103 | | | Terreno Realty Corp. REIT | | | 2,707,237 | |
| | | | | | | | |
| | | | | | | 7,404,646 | |
| | | | | | | | |
| | | | Retailing - 1.2% | |
| | 26,569 | | | Asbury Automotive Group, Inc.* | | | 2,736,076 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2020
| | | | | | | | |
| Shares or Principal Amount | | Market Value† | |
| COMMON STOCKS - 95.9% - (continued) | |
| | | | Semiconductors & Semiconductor Equipment - 4.7% | |
| | 30,998 | | | Entegris, Inc. | | $ | 2,317,720 | |
| | 60,661 | | | MACOM Technology Solutions Holdings, Inc.* | | | 2,214,127 | |
| | 129,702 | | | ON Semiconductor Corp.* | | | 3,254,223 | |
| | 59,501 | | | Semtech Corp.* | | | 3,266,010 | |
| | | | | | | | |
| | | | | | | 11,052,080 | |
| | | | | | | | |
| | | | Software & Services - 7.3% | |
| | 49,643 | | | CSG Systems International, Inc. | | | 1,880,477 | |
| | 56,087 | | | LiveRamp Holdings, Inc.* | | | 3,706,790 | |
| | 78,370 | | | Perficient, Inc.* | | | 3,068,969 | |
| | 33,226 | | | PTC, Inc.* | | | 2,786,997 | |
| | 37,112 | | | Science Applications International Corp. | | | 2,834,243 | |
| | 49,546 | | | WNS Holdings Ltd. ADR* | | | 2,855,832 | |
| | | | | | | | |
| | | | | | | 17,133,308 | |
| | | | | | | | |
| | | | Technology Hardware & Equipment - 4.9% | |
| | 117,796 | | | Allegro MicroSystems, Inc.* | | | 2,155,667 | |
| | 38,288 | | | Ciena Corp.* | | | 1,508,164 | |
| | 32,978 | | | Lumentum Holdings, Inc.* | | | 2,726,951 | |
| | 14,533 | | | Novanta, Inc.* | | | 1,580,028 | |
| | 84,414 | | | Plantronics, Inc. | | | 1,647,761 | |
| | 156,816 | | | Viavi Solutions, Inc.* | | | 1,936,678 | |
| | | | | | | | |
| | | | | | | 11,555,249 | |
| | | | | | | | |
| | | | Utilities - 2.5% | |
| | 31,166 | | | Avista Corp. | | | 1,035,334 | |
| | 16,707 | | | Chesapeake Utilities Corp. | | | 1,624,087 | |
| | 21,068 | | | IDACORP, Inc. | | | 1,848,296 | |
| | 23,727 | | | SJW Group | | | 1,439,992 | |
| | | | | | | | |
| | | | | | | 5,947,709 | |
| | | | | | | | |
| | |
| | | | Total Common Stocks
(cost $191,898,491) | | $ | 224,407,076 | |
| | | | | | | | |
|
| SHORT-TERM INVESTMENTS - 4.9% | |
| | | | Other Investment Pools & Funds - 4.7% | |
| | 11,026,556 | | | Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(2) | | $ | 11,026,556 | |
| | | | | | | | |
| | | | Securities Lending Collateral - 0.2% | |
| | 444,873 | | | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2) | | | 444,873 | |
| | 449 | | | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(2) | | | 449 | |
| | | | | | | | |
| | | | | | | 445,322 | |
| | | | | | | | |
| | | | Total Short-Term Investments
(cost $11,471,878) | | $ | 11,471,878 | |
| | | | | | | | |
| | | | | | | | | | | | |
| | | | | | | | | |
| | | |
| | | | Total Investments
(cost $203,370,369) | | | 100.8 | % | | $ | 235,878,954 | |
| | | | Other Assets and Liabilities | | | (0.8 | )% | | | (1,935,534 | ) |
| | | | | | | | | | | | |
| | | | Total Net Assets | | | 100.0 | % | | $ | 233,943,420 | |
| | | | | | | | | | | | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| | Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
| | The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. |
| | Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
| | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| | See “Glossary” for abbreviation descriptions. |
| (1) | Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| (2) | Current yield as of period end. |
| † | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The accompanying notes are an integral part of these financial statements.
|
| Hartford Schroders US Small Cap Opportunities Fund |
Schedule of Investments – (continued)
October 31, 2020
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.
| | | | | | | | | | | | | | | | |
Description | | Total | | | Level 1 | | | Level 2 | | | Level 3(1) | |
Assets | |
Common Stocks | |
Automobiles & Components | | $ | 6,933,540 | | | $ | 6,933,540 | | | $ | — | | | $ | — | |
Banks | | | 16,100,680 | | | | 16,100,680 | | | | — | | | | — | |
Capital Goods | | | 28,552,394 | | | | 28,552,394 | | | | — | | | | — | |
Commercial & Professional Services | | | 7,164,384 | | | | 7,164,384 | | | | — | | | | — | |
Consumer Durables & Apparel | | | 8,496,386 | | | | 8,496,386 | | | | — | | | | — | |
Consumer Services | | | 7,453,628 | | | | 7,453,628 | | | | — | | | | — | |
Diversified Financials | | | 6,097,333 | | | | 6,097,333 | | | | — | | | | — | |
Energy | | | 2,643,251 | | | | 2,643,251 | | | | — | | | | — | |
Food & Staples Retailing | | | 2,864,614 | | | | 2,864,614 | | | | — | | | | — | |
Food, Beverage & Tobacco | | | 6,928,388 | | | | 6,928,388 | | | | — | | | | — | |
Health Care Equipment & Services | | | 14,429,972 | | | | 14,429,972 | | | | — | | | | — | |
Insurance | | | 19,088,561 | | | | 19,088,561 | | | | — | | | | — | |
Materials | | | 20,381,367 | | | | 20,381,367 | | | | — | | | | — | |
Media & Entertainment | | | 4,117,123 | | | | 4,117,123 | | | | — | | | | — | |
Pharmaceuticals, Biotechnology & Life Sciences | | | 17,326,387 | | | | 17,326,387 | | | | — | | | | — | |
Real Estate | | | 7,404,646 | | | | 7,404,646 | | | | — | | | | — | |
Retailing | | | 2,736,076 | | | | 2,736,076 | | | | — | | | | — | |
Semiconductors & Semiconductor Equipment | | | 11,052,080 | | | | 11,052,080 | | | | — | | | | — | |
Software & Services | | | 17,133,308 | | | | 17,133,308 | | | | — | | | | — | |
Technology Hardware & Equipment | | | 11,555,249 | | | | 11,555,249 | | | | — | | | | — | |
Utilities | | | 5,947,709 | | | | 5,947,709 | | | | — | | | | — | |
Short-Term Investments | | | 11,471,878 | | | | 11,471,878 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total | | $ | 235,878,954 | | | $ | 235,878,954 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | |
| (1) | For the year ended October 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Glossary (abbreviations used in the preceding Schedules of Investments)
| | |
| Counterparty Abbreviations: |
BCLY | | Barclays |
BNP | | BNP Paribas Securities Services |
BOA | | Banc of America Securities LLC |
CBK | | Citibank NA |
JPM | | JP Morgan Chase & Co. |
MSC | | Morgan Stanley |
UBS | | UBS AG |
|
| Currency Abbreviations: |
BRL | | Brazilian Real |
CLP | | Chilean Peso |
CNY | | Chinese Yuan |
COP | | Colombian Peso |
CZK | | Czech Koruna |
EUR | | Euro |
GBP | | British Pound |
HUF | | Hungarian Forint |
IDR | | Indonesian Rupiah |
MXN | | Mexican Peso |
MYR | | Malaysian Ringgit |
PEN | | Peruvian Sol |
RON | | New Romanian Leu |
RUB | | Russian Ruble |
THB | | Thai Baht |
USD | | United States Dollar |
ZAR | | South African Rand |
|
| Index Abbreviations: |
CMT | | Constant Maturity Treasury Index |
|
| Municipal Abbreviations: |
Auth | | Authority |
Dev | | Development |
Dist | | District |
Facs | | Facilities |
GO | | General Obligation |
Rev | | Revenue |
|
| Other Abbreviations: |
ADR | | American Depositary Receipt |
AGM | | Assured Guaranty Municipal Corp. |
BAM | | Build America Mutual Assurance Corp. |
CLO | | Collateralized Loan Obligation |
CMO | | Collateralized Mortgage Obligation |
EURIBOR | | Euro Interbank Offered Rate |
FGIC | | Financial Guaranty Insurance Company |
FHLMC | | Federal Home Loan Mortgage Corp. |
FNMA | | Federal National Mortgage Association |
GDR | | Global Depositary Receipt |
GNMA | | Government National Mortgage Association |
JSC | | Joint Stock Company |
LIBOR | | London Interbank Offered Rate |
NATL | | National Public Finance Guarantee Corp. |
NVDR | | Non-Voting Depositary Receipt |
OTC | | Over-the-Counter |
PJSC | | Private Joint Stock Company |
PSF-GTD | | Permanent School Fund Guaranteed |
PT | | Perseroan Terbatas |
Q-SBLF | | Qualified School Bond Fund Guaranteed |
REIT | | Real Estate Investment Trust |
SOFR | | Secured Overnight Financing Rate |
TCRS | | Tennessee Consolidated Retirement System |
Statements of Assets and Liabilities
October 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
China A Fund | | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
International
Multi-Cap Value
Fund | | | Hartford
Schroders
International
Stock Fund | |
Assets: | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 7,891,432 | | | $ | 4,171,341,501 | | | $ | 60,093,106 | | | $ | 1,764,567,624 | | | $ | 1,019,995,518 | |
Cash | | | — | | | | 5,600,419 | | | | — | | | | — | | | | — | |
Cash collateral held for securities on loan | | | — | | | | — | | | | 73,030 | | | | 1,605,454 | | | | 76,048 | |
Cash collateral due from broker on futures contracts | | | — | | | | — | | | | — | | | | 172,543 | | | | — | |
Cash collateral due from broker on swap contracts | | | — | | | | — | | | | 50,000 | | | | 660,000 | | | | — | |
Foreign currency | | | 1,828 | | | | 10,883,139 | | | | 74,132 | | | | 859,428 | | | | 58,202 | |
Unrealized appreciation on OTC swap contracts | | | — | | | | — | | | | 2,062 | | | | — | | | | — | |
Unrealized appreciation on foreign currency contracts | | | — | | | | — | | | | 142,647 | | | | 79,148 | | | | — | |
Receivables: | | | | | | | | | |
From affiliates | | | 11,904 | | | | — | | | | 14,212 | | | | — | | | | 116 | |
Investment securities sold | | | — | | | | 17,126,333 | | | | 2,646,094 | | | | 10,294,783 | | | | — | |
Fund shares sold | | | 9,906 | | | | 5,251,277 | | | | 4,252 | | | | 9,241,060 | | | | 8,119,133 | |
Dividends and interest | | | — | | | | 3,487,179 | | | | 944,514 | | | | 4,481,853 | | | | 921,423 | |
Securities lending income | | | — | | | | 9,757 | | | | 587 | | | | 102,615 | | | | 36 | |
Tax reclaims | | | — | | | | 76,849 | | | | 28,933 | | | | 1,990,470 | | | | 988,078 | |
OTC swap contracts premiums paid | | | — | | | | — | | | | 55,022 | | | | — | | | | — | |
Other assets | | | 51,170 | | | | 153,843 | | | | 69,836 | | | | 82,328 | | | | 120,556 | |
| | | | | | | | | | | | | | | | | | | | |
Total assets | | | 7,966,240 | | | | 4,213,930,297 | | | | 64,198,427 | | | | 1,794,137,306 | | | | 1,030,279,110 | |
| | | | | | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | | — | | | | — | | | | 57,120 | | | | 881,902 | | | | — | |
Due to Advisor | | | 105,811 | | | | — | | | | — | | | | — | | | | — | |
Due to Custodian | | | — | | | | — | | | | — | | | | 2,318 | | | | — | |
Obligation to return securities lending collateral | | | — | | | | — | | | | 1,460,595 | | | | 32,109,075 | | | | 1,520,965 | |
Unrealized depreciation on OTC swap contracts | | | — | | | | — | | | | 63,129 | | | | — | | | | — | |
Payables: | | | | | | | | | |
Investment securities purchased | | | — | | | | 12,995,418 | | | | 2,358,826 | | | | 8,841,253 | | | | 1,195,546 | |
Fund shares redeemed | | | — | | | | 3,066,545 | | | | — | | | | 1,783,186 | | | | 1,110,937 | |
Investment management fees | | | 5,937 | | | | 3,621,819 | | | | 35,629 | | | | 1,083,205 | | | | 579,102 | |
Transfer agent fees | | | 249 | | | | 481,148 | | | | 4,508 | | | | 142,830 | | | | 74,846 | |
Accounting services fees | | | 92 | | | | 50,041 | | | | 712 | | | | 21,573 | | | | 12,093 | |
Board of Directors’ fees | | | 26 | | | | 15,683 | | | | 275 | | | | 7,658 | | | | 3,053 | |
Foreign taxes | | | — | | | | 519,112 | | | | 20,253 | | | | — | | | | 59,080 | |
Distribution fees | | | 44 | | | | 4,010 | | | | 61 | | | | 6,170 | | | | 6,061 | |
Accrued expenses | | | 32,370 | | | | 952,291 | | | | 44,451 | | | | 279,784 | | | | 102,230 | |
OTC swap contracts premiums received | | | — | | | | — | | | | 26,895 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Total liabilities | | | 144,529 | | | | 21,706,067 | | | | 4,072,454 | | | | 45,158,954 | | | | 4,663,913 | |
| | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 7,821,711 | | | $ | 4,192,224,230 | | | $ | 60,125,973 | | | $ | 1,748,978,352 | | | $ | 1,025,615,197 | |
| | | | | | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 5,267,962 | | | $ | 3,387,363,537 | | | $ | 74,101,904 | | | $ | 2,157,179,849 | | | $ | 920,742,931 | |
Distributable earnings (loss) | | | 2,553,749 | | | | 804,860,693 | | | | (13,975,931 | ) | | | (408,201,497 | ) | | | 104,872,266 | |
| | | | | | | | | | | | | | | | | | | | |
Net assets | | $ | 7,821,711 | | | $ | 4,192,224,230 | | | $ | 60,125,973 | | | $ | 1,748,978,352 | | | $ | 1,025,615,197 | |
| | | | | | | | | | | | | | | | | | | | |
Shares authorized | | | 300,000,000 | | | | 755,000,000 | | | | 500,000,000 | | | | 830,000,000 | | | | 510,000,000 | |
| | | | | | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | |
| | | | | | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 15.06 | | | $ | 17.22 | | | $ | 8.22 | | | $ | 7.76 | | | $ | 14.14 | |
| | | | | | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 15.94 | | | $ | 18.22 | | | $ | 8.61 | | | $ | 8.21 | | | $ | 14.96 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 24,505 | | | | 3,649,116 | | | | 210,002 | | | | 8,394,404 | | | | 8,063,128 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 369,118 | | | $ | 62,843,204 | | | $ | 1,727,231 | | | $ | 65,123,104 | | | $ | 114,041,720 | |
| | | | | | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 14.98 | | | $ | 16.93 | | | $ | 8.20 | | | $ | 7.71 | | | $ | 13.43 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 11,859 | | | | 420,945 | | | | 26,237 | | | | 1,646,210 | | | | 498,070 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 177,653 | | | $ | 7,127,490 | | | $ | 215,014 | | | $ | 12,691,482 | | | $ | 6,686,752 | |
| | | | | | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 15.08 | | | $ | 17.22 | | | $ | 8.21 | | | $ | 7.75 | | | $ | 13.71 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 12,143 | | | | 83,812,343 | | | | 2,583,026 | | | | 69,408,438 | | | | 37,676,867 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 183,066 | | | $ | 1,443,778,674 | | | $ | 21,210,771 | | | $ | 538,073,336 | | | $ | 516,721,276 | |
| | | | | | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | — | | | $ | 17.11 | | | $ | 8.23 | | | $ | 7.73 | | | $ | 13.63 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | 5,140 | | | | 3,499 | | | | 1,732,326 | | | | 53,885 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | 87,944 | | | $ | 28,802 | | | $ | 13,397,527 | | | $ | 734,255 | |
| | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
China A Fund | | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
International
Multi-Cap Value
Fund | | | Hartford
Schroders
International
Stock Fund | |
Class R4: Net asset value per share | | $ | — | | | $ | 17.29 | | | $ | 8.22 | | | $ | 7.74 | | | $ | 13.67 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | 260,202 | | | | 1,301 | | | | 300,769 | | | | 185,529 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | 4,500,053 | | | $ | 10,688 | | | $ | 2,327,982 | | | $ | 2,536,146 | |
| | | | | | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | — | | | $ | 17.22 | | | $ | 8.21 | | | $ | 7.75 | | | $ | 13.72 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | 18,714 | | | | 1,307 | | | | 2,195,694 | | | | 889,695 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | 322,292 | | | $ | 10,725 | | | $ | 17,008,384 | | | $ | 12,208,171 | |
| | | | | | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 15.08 | | | $ | 17.25 | | | $ | 8.21 | | | $ | 7.75 | | | $ | 13.76 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 10,000 | | | | 29,295,641 | | | | 289,413 | | | | 21,313,135 | | | | 4,852,620 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 150,802 | | | $ | 505,337,690 | | | $ | 2,375,613 | | | $ | 165,133,583 | | | $ | 66,752,873 | |
| | | | | | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 15.09 | | | $ | 17.24 | | | $ | 7.72 | | | $ | 7.76 | | | $ | 13.74 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 210,000 | | | | 49,954,943 | | | | 1,484 | | | | 46,107,490 | | | | 12,343,098 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,168,750 | | | $ | 861,336,871 | | | $ | 11,463 | | | $ | 357,582,551 | | | $ | 169,576,403 | |
| | | | | | | | | | | | | | | | | | | | |
Class SDR:Net asset value per share | | $ | 15.09 | | | $ | 17.27 | | | $ | 8.21 | | | $ | 7.74 | | | $ | 13.73 | |
| | | | | | | | | | | | | | | | | | | | |
Shares outstanding | | | 250,000 | | | | 75,653,447 | | | | 4,204,353 | | | | 74,588,926 | | | | 9,932,419 | |
| | | | | | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,772,322 | | | $ | 1,306,890,012 | | | $ | 34,535,666 | | | $ | 577,640,403 | | | $ | 136,357,601 | |
| | | | | | | | | | | | | | | | | | | | |
Cost of investments | | $ | 6,153,263 | | | $ | 2,921,474,402 | | | $ | 60,953,545 | | | $ | 1,926,793,571 | | | $ | 911,708,603 | |
Cost of foreign currency | | $ | 1,824 | | | $ | 10,883,690 | | | $ | 75,340 | | | $ | 857,288 | | | $ | 58,698 | |
| | | | | |
(1) Includes Investment in securities on loan, at market value | | $ | — | | | $ | — | | | $ | 1,412,515 | | | $ | 33,127,841 | | | $ | 1,508,513 | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Securitized
Income Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
MidCap
Opportunities
Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | |
Assets: | | | | | | | | | |
Investments in securities, at market value(1) | | $ | 124,357,176 | | | $ | 442,748,685 | | | $ | 648,584,230 | | | $ | 235,878,954 | |
Cash | | | 5,048 | | | | — | | | | — | | | | — | |
Cash at broker | | | 235,261 | | | | — | | | | — | | | | — | |
Cash collateral held for securities on loan | | | — | | | | — | | | | 351,609 | | | | 23,438 | |
Foreign currency | | | 44,772 | | | | — | | | | — | | | | — | |
Unrealized appreciation on foreign currency contracts | | | 15,225 | | | | — | | | | — | | | | — | |
Receivables: | | | | | | | | | |
From affiliates | | | 15,811 | | | | 56,625 | | | | — | | | | 28,333 | |
Investment securities sold | | | — | | | | 29,389,777 | | | | 2,209,194 | | | | 1,844,855 | |
Fund shares sold | | | 73,916 | | | | 370,227 | | | | 690,513 | | | | 104,089 | |
Dividends and interest | | | 233,315 | | | | 2,863,863 | | | | 194,386 | | | | 29,878 | |
Securities lending income | | | — | | | | — | | | | 1,678 | | | | 4,289 | |
Variation margin on futures contracts | | | — | | | | 1,664,240 | | | | — | | | | — | |
Other assets | | | 29,518 | | | | 53,396 | | | | 61,117 | | | | 63,911 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 125,010,042 | | | | 477,146,813 | | | | 652,092,727 | | | | 237,977,747 | |
| | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | | 20,040 | | | | — | | | | — | | | | — | |
Obligation to return securities lending collateral | | | — | | | | — | | | | 7,032,174 | | | | 468,760 | |
Reverse repurchase agreements | | | 30,923,513 | | | | — | | | | — | | | | — | |
Payables: | | | | | | | | | |
Investment securities purchased | | | 7,576 | | | | 32,816,209 | | | | 1,880,019 | | | | 2,882,684 | |
Fund shares redeemed | | | 250 | | | | 620,928 | | | | 1,009,156 | | | | 413,084 | |
Investment management fees | | | 48,885 | | | | 168,853 | | | | 428,573 | | | | 182,805 | |
Transfer agent fees | | | 3,935 | | | | 44,781 | | | | 95,780 | | | | 37,711 | |
Accounting services fees | | | 1,051 | | | | 5,246 | | | | 7,989 | | | | 2,840 | |
Board of Directors’ fees | | | 320 | | | | 1,646 | | | | 2,922 | | | | 915 | |
Distribution fees | | | 300 | | | | 3,762 | | | | 10,329 | | | | 2,172 | |
Interest on reverse repurchase agreements | | | 29,130 | | | | — | | | | — | | | | — | |
Accrued expenses | | | 48,296 | | | | 42,874 | | | | 91,943 | | | | 43,356 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 31,083,296 | | | | 33,704,299 | | | | 10,558,885 | | | | 4,034,327 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 93,926,746 | | | $ | 443,442,514 | | | $ | 641,533,842 | | | $ | 233,943,420 | |
| | | | | | | | | | | | | | | | |
Summary of Net Assets: | | | | | | | | | |
Capital stock and paid-in-capital | | $ | 95,518,275 | | | $ | 422,691,520 | | | $ | 514,669,803 | | | $ | 210,659,240 | |
Distributable earnings (loss) | | | (1,591,529 | ) | | | 20,750,994 | | | | 126,864,039 | | | | 23,284,180 | |
| | | | | | | | | | | | | | | | |
Net assets | | $ | 93,926,746 | | | $ | 443,442,514 | | | $ | 641,533,842 | | | $ | 233,943,420 | |
| | | | | | | | | | | | | | | | |
Shares authorized | | | 300,000,000 | | | | 360,000,000 | | | | 500,000,000 | | | | 500,000,000 | |
| | | | | | | | | | | | | | | | |
Par value | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | | | $ | 0.0001 | |
| | | | | | | | | | | | | | | | |
Class A: Net asset value per share | | $ | 9.79 | | | $ | 11.42 | | | $ | 14.57 | | | $ | 23.20 | |
| | | | | | | | | | | | | | | | |
Maximum offering price per share | | $ | 10.09 | | | $ | 11.96 | | | $ | 15.42 | | | $ | 24.55 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 567,104 | | | | 4,944,375 | | | | 4,897,135 | | | | 1,030,152 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 5,553,386 | | | $ | 56,486,046 | | | $ | 71,369,542 | | | $ | 23,896,881 | |
| | | | | | | | | | | | | | | | |
Class C: Net asset value per share | | $ | 9.79 | | | $ | 11.44 | | | $ | 14.67 | | | $ | 23.54 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 45,230 | | | | 763,486 | | | | 2,984,500 | | | | 295,533 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 442,656 | | | $ | 8,731,168 | | | $ | 43,784,634 | | | $ | 6,957,148 | |
| | | | | | | | | | | | | | | | |
Class I: Net asset value per share | | $ | 9.79 | | | $ | 11.43 | | | $ | 15.19 | | | $ | 24.45 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 6,702,220 | | | | 24,759,119 | | | | 23,213,916 | | | | 5,924,574 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 65,635,900 | | | $ | 283,060,301 | | | $ | 352,667,245 | | | $ | 144,884,663 | |
| | | | | | | | | | | | | | | | |
Class R3: Net asset value per share | | $ | — | | | $ | — | | | $ | 14.92 | | | $ | 24.11 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | — | | | | 65,339 | | | | 10,042 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | — | | | $ | 975,063 | | | $ | 242,123 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Securitized
Income Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
MidCap
Opportunities
Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | |
Class R4: Net asset value per share | | $ | — | | | $ | — | | | $ | 15.08 | | | $ | 24.35 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | — | | | | 37,607 | | | | 7,955 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | — | | | $ | 567,073 | | | $ | 193,720 | |
| | | | | | | | | | | | | | | | |
Class R5: Net asset value per share | | $ | — | | | $ | — | | | $ | 15.16 | | | $ | 24.44 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | — | | | | — | | | | 81,033 | | | | 11,998 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | — | | | $ | — | | | $ | 1,228,624 | | | $ | 293,203 | |
| | | | | | | | | | | | | | | | |
Class Y: Net asset value per share | | $ | 9.79 | | | $ | 11.44 | | | $ | 15.18 | | | $ | 24.46 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 364,849 | | | | 18,643 | | | | 5,105,895 | | | | 962,115 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 3,571,128 | | | $ | 213,212 | | | $ | 77,492,685 | | | $ | 23,530,993 | |
| | | | | | | | | | | | | | | | |
Class F: Net asset value per share | | $ | 9.78 | | | $ | 11.44 | | | $ | 15.20 | | | $ | 24.49 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 208,001 | | | | 2,892,083 | | | | 3,655,128 | | | | 424,897 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 2,035,235 | | | $ | 33,074,110 | | | $ | 55,554,184 | | | $ | 10,407,102 | |
| | | | | | | | | | | | | | | | |
Class SDR:Net asset value per share | | $ | 9.78 | | | $ | 11.43 | | | $ | 15.23 | | | $ | 24.52 | |
| | | | | | | | | | | | | | | | |
Shares outstanding | | | 1,706,410 | | | | 5,415,756 | | | | 2,488,851 | | | | 959,882 | |
| | | | | | | | | | | | | | | | |
Net Assets | | $ | 16,688,441 | | | $ | 61,877,677 | | | $ | 37,894,792 | | | $ | 23,537,587 | |
| | | | | | | | | | | | | | | | |
Cost of investments | | $ | 125,375,356 | | | $ | 428,256,690 | | | $ | 519,874,548 | | | $ | 203,370,369 | |
Cost of foreign currency | | $ | 44,547 | | | $ | — | | | $ | — | | | $ | — | |
| | | | |
(1) Includes Investment in securities on loan, at market value | | $ | — | | | $ | — | | | $ | 6,875,747 | | | $ | 453,147 | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations
For the Period Ended October 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
China A
Fund(1) | | | Hartford
Schroders
Emerging
Markets Equity
Fund | | | Hartford
Schroders
Emerging
Markets Multi-
Sector Bond
Fund | | | Hartford
Schroders
International
Multi-Cap
Value Fund | | | Hartford
Schroders
International
Stock Fund | |
Investment Income: | | | | | | | | | | | | | | | | | | | | |
Dividends | | $ | 93,917 | | | $ | 79,766,110 | | | $ | — | | | $ | 67,800,774 | | | $ | 10,990,005 | |
Interest | | | 101 | | | | 544,248 | | | | 4,431,555 | | | | 145,665 | | | | 69,174 | |
Securities lending | | | — | | | | 65,410 | | | | 10,648 | | | | 1,071,315 | | | | 16,962 | |
Less: Foreign tax withheld | | | (9,168 | ) | | | (9,718,335 | ) | | | (19,550 | ) | | | (6,691,920 | ) | | | (1,050,273 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total investment income, net | | | 84,850 | | | | 70,657,433 | | | | 4,422,653 | | | | 62,325,834 | | | | 10,025,868 | |
| | | | | | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | 34,437 | | | | 37,538,766 | | | | 485,917 | | | | 13,326,644 | | | | 4,178,799 | |
Transfer agent fees | | | | | | | | | | | | | | | | | | | | |
Class A | | | 234 | | | | 123,642 | | | | 2,892 | | | | 107,532 | | | | 84,036 | |
Class C | | | 190 | | | | 7,113 | | | | 576 | | | | 17,562 | | | | 4,656 | |
Class I | | | 152 | | | | 2,883,871 | | | | 18,390 | | | | 603,475 | | | | 247,436 | |
Class R3 | | | — | | | | 171 | | | | 51 | | | | 34,878 | | | | 1,032 | |
Class R4 | | | — | | | | 2,258 | | | | 18 | | | | 4,407 | | | | 1,487 | |
Class R5 | | | — | | | | 699 | | | | 13 | | | | 19,386 | | | | 5,188 | |
Class Y | | | 81 | | | | 255,595 | | | | 150 | | | | 156,483 | | | | 10,614 | |
Class F | | | 62 | | | | 7,518 | | | | 231 | | | | 6,265 | | | | 342 | |
Class SDR | | | 73 | | | | 3,421 | | | | 313 | | | | 24,283 | | | | 1,855 | |
Distribution fees | | | | | | | | | | | | | | | | | | | | |
Class A | | | 281 | | | | 153,593 | | | | 3,941 | | | | 228,564 | | | | 179,924 | |
Class C | | | 801 | | | | 82,195 | | | | 2,302 | | | | 162,234 | | | | 47,405 | |
Class R3 | | | — | | | | 393 | | | | 117 | | | | 79,352 | | | | 2,445 | |
Class R4 | | | — | | | | 5,757 | | | | 25 | | | | 6,490 | | | | 2,469 | |
Custodian fees | | | 6,000 | | | | 792,864 | | | | 17,840 | | | | 223,069 | | | | 34,729 | |
Registration and filing fees | | | 67,175 | | | | 206,878 | | | | 111,650 | | | | 174,761 | | | | 174,843 | |
Accounting services fees | | | 577 | | | | 570,768 | | | | 10,847 | | | | 295,543 | | | | 95,277 | |
Board of Directors’ fees | | | 143 | | | | 114,202 | | | | 1,980 | | | | 58,270 | | | | 21,179 | |
Audit and tax fees | | | 24,390 | | | | 49,931 | | | | 30,415 | | | | 48,521 | | | | 37,608 | |
Other expenses | | | 14,255 | | | | 647,066 | | | | 19,759 | | | | 252,330 | | | | 125,396 | |
| | | | | | | | | | | | | | | | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | 148,851 | | | | 43,446,701 | | | | 707,427 | | | | 15,830,049 | | | | 5,256,720 | |
| | | | | | | | | | | | | | | | | | | | |
Expense waivers | | | (109,265 | ) | | | — | | | | (158,720 | ) | | | — | | | | (115 | ) |
Transfer agent fee waivers | | | — | | | | — | | | | — | | | | (72,465 | ) | | | — | |
Distribution fee reimbursements | | | (162 | ) | | | (119 | ) | | | (218 | ) | | | (75 | ) | | | (255 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | (109,427 | ) | | | (119 | ) | | | (158,938 | ) | | | (72,540 | ) | | | (370 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total expenses, net | | | 39,424 | | | | 43,446,582 | | | | 548,489 | | | | 15,757,509 | | | | 5,256,350 | |
| | | | | | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 45,426 | | | | 27,210,851 | | | | 3,874,164 | | | | 46,568,325 | | | | 4,769,518 | |
| | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | | | | | | | | | | | | | | | | |
Investments | | | 777,661 | | | | (142,629,100 | ) | | | (4,217,643 | ) | | | (93,443,687 | ) | | | 1,084,273 | |
Less: Foreign taxes paid on realized capital gains | | | — | | | | (1,376,558 | ) | | | (33,417 | ) | | | — | | | | — | |
Futures contracts | | | — | | | | — | | | | (219,087 | ) | | | (2,639,875 | ) | | | — | |
Swap contracts | | | — | | | | — | | | | (67,912 | ) | | | — | | | | — | |
Foreign currency contracts | | | — | | | | (13,368 | ) | | | (631,007 | ) | | | (1,545,852 | ) | | | — | |
Other foreign currency transactions | | | (7,715 | ) | | | (2,819,794 | ) | | | (53,719 | ) | | | (13,279 | ) | | | (269,138 | ) |
| | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 769,946 | | | | (146,838,820 | ) | | | (5,222,785 | ) | | | (97,642,693 | ) | | | 815,135 | |
| | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | | | | | | | | | | | | | | | | |
Investments* | | | 1,738,169 | | | | 476,812,899 | | | | (2,573,128 | ) | | | (183,569,308 | ) | | | 61,237,915 | |
Futures contracts | | | — | | | | — | | | | 6,047 | | | | — | | | | — | |
Swap contracts | | | — | | | | — | | | | (61,732 | ) | | | — | | | | — | |
Foreign currency contracts | | | — | | | | — | | | | 549,106 | | | | (703,726 | ) | | | — | |
Translation of other assets and liabilities in foreign currencies | | | 4 | | | | 343,853 | | | | (4,630 | ) | | | 110,723 | | | | 61,037 | |
| | | | | | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | 1,738,173 | | | | 477,156,752 | | | | (2,084,337 | ) | | | (184,162,311 | ) | | | 61,298,952 | |
| | | | | | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | 2,508,119 | | | | 330,317,932 | | | | (7,307,122 | ) | | | (281,805,004 | ) | | | 62,114,087 | |
| | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 2,553,545 | | | $ | 357,528,783 | | | $ | (3,432,958 | ) | | $ | (235,236,679 | ) | | $ | 66,883,605 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
* Includes change in deferred capital gains tax due to unrealized appreciation (depreciation) | | $ | — | | | $ | 1,463,250 | | | $ | 27,382 | | | $ | 82,300 | | | $ | (59,080 | ) |
| (1) | Commenced operations on March 31, 2020. |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)
For the Year Ended October 31, 2020
| | | | | | | | | | | | | | | | |
| | | Hartford
Schroders
Securitized
Income Fund | | | Hartford
Schroders
Tax-Aware
Bond Fund | | | Hartford
Schroders US
MidCap
Opportunities
Fund | | | Hartford
Schroders US
Small Cap
Opportunities
Fund | |
Investment Income: | | | | | | | | | | | | | | | | |
Dividends | | $ | 1,986 | | | $ | — | | | $ | 9,137,672 | | | $ | 3,026,163 | |
Interest | | | 2,543,713 | | | | 8,198,228 | | | | 219,812 | | | | 76,542 | |
Securities lending | | | — | | | | 6,098 | | | | 22,292 | | | | 96,692 | |
Less: Foreign tax withheld | | | — | | | | — | | | | (10,587 | ) | | | (17,268 | ) |
| | | | | | | | | | | | | | | | |
Total investment income, net | | | 2,545,699 | | | | 8,204,326 | | | | 9,369,189 | | | | 3,182,129 | |
| | | | | | | | | | | | | | | | |
Expenses: | | | | | | | | | | | | | | | | |
Investment management fees | | | 512,644 | | | | 1,746,635 | | | | 5,630,881 | | | | 2,023,235 | |
Transfer agent fees | | | | | | | | | | | | | | | | |
Class A | | | 349 | | | | 26,280 | | | | 95,057 | | | | 35,285 | |
Class C | | | 486 | | | | 8,165 | | | | 57,443 | | | | 11,768 | |
Class I | | | 19,346 | | | | 201,806 | | | | 382,980 | | | | 148,994 | |
Class R3 | | | — | | | | — | | | | 2,730 | | | | 450 | |
Class R4 | | | — | | | | — | | | | 1,118 | | | | 333 | |
Class R5 | | | — | | | | — | | | | 1,649 | | | | 196 | |
Class Y | | | 179 | | | | 229 | | | | 112,706 | | | | 24,919 | |
Class F | | | 90 | | | | 1,095 | | | | 2,151 | | | | 193 | |
Class SDR | | | 325 | | | | 806 | | | | 1,872 | | | | 657 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class A | | | 9,794 | | | | 118,172 | | | | 194,498 | | | | 55,549 | |
Class C | | | 2,023 | | | | 87,729 | | | | 505,405 | | | | 71,940 | |
Class R3 | | | — | | | | — | | | | 6,308 | | | | 1,020 | |
Class R4 | | | — | | | | — | | | | 1,642 | | | | 491 | |
Custodian fees | | | 16,025 | | | | 10,778 | | | | 10,127 | | | | 8,331 | |
Registration and filing fees | | | 120,120 | | | | 113,202 | | | | 129,885 | | | | 121,097 | |
Accounting services fees | | | 12,295 | | | | 57,587 | | | | 111,007 | | | | 33,316 | |
Board of Directors’ fees | | | 2,831 | | | | 13,022 | | | | 21,742 | | | | 7,056 | |
Audit and tax fees | | | 41,975 | | | | 28,519 | | | | 20,550 | | | | 20,445 | |
Other expenses | | | 16,987 | | | | 44,837 | | | | 149,020 | | | | 56,011 | |
| | | | | | | | | | | | | | | | |
Total expenses (before interest expense) | | | 755,469 | | | | 2,458,862 | | | | 7,438,771 | | | | 2,621,286 | |
| | | | | | | | | | | | | | | | |
Interest expense | | | 286,940 | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | 1,042,409 | | | | 2,458,862 | | | | 7,438,771 | | | | 2,621,286 | |
| | | | | | | | | | | | | | | | |
Expense waivers | | | (171,106 | ) | | | (385,633 | ) | | | — | | | | (138,926 | ) |
Transfer agent fee waivers | | | — | | | | — | | | | (11,090 | ) | | | — | |
Distribution fee reimbursements | | | (8,759 | ) | | | (135 | ) | | | (394 | ) | | | (553 | ) |
| | | | | | | | | | | | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | (179,865 | ) | | | (385,768 | ) | | | (11,484 | ) | | | (139,479 | ) |
| | | | | | | | | | | | | | | | |
Total expenses, net | | | 862,544 | | | | 2,073,094 | | | | 7,427,287 | | | | 2,481,807 | |
| | | | | | | | | | | | | | | | |
Net Investment Income (Loss) | | | 1,683,155 | | | | 6,131,232 | | | | 1,941,902 | | | | 700,322 | |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | | | | | | | | | | | | |
Investments | | | (405,412 | ) | | | 6,816,872 | | | | (1,692,193 | ) | | | (9,348,078 | ) |
Futures contracts | | | (314,298 | ) | | | (1,124,168 | ) | | | — | | | | — | |
Foreign currency contracts | | | 9,089 | | | | — | | | | — | | | | — | |
Other foreign currency transactions | | | 26,049 | | | | — | | | | 24 | | | | (38,019 | ) |
| | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | (684,572 | ) | | | 5,692,704 | | | | (1,692,169 | ) | | | (9,386,097 | ) |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | | | | | | | | | | | | |
Investments | | | (1,206,735 | ) | | | 4,507,927 | | | | (22,415,488 | ) | | | (4,072,609 | ) |
Futures contracts | | | 234,239 | | | | 493,780 | | | | — | | | | — | |
Foreign currency contracts | | | (4,815 | ) | | | — | | | | — | | | | — | |
Translation of other assets and liabilities in foreign currencies | | | 39 | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | (977,272 | ) | | | 5,001,707 | | | | (22,415,488 | ) | | | (4,072,609 | ) |
| | | | | | | | | | | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | (1,661,844 | ) | | | 10,694,411 | | | | (24,107,657 | ) | | | (13,458,706 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | $ | 21,311 | | | $ | 16,825,643 | | | $ | (22,165,755) | | | $ | (12,758,384 | ) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets
| | | | | | | | | | | | |
| | | Hartford
Schroders
China A Fund | | | Hartford Schroders Emerging
Markets Equity Fund | |
| | | For the
Period Ended
October 31,
2020(1) | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | | | | | | | | | | | | |
Net investment income (loss) | | $ | 45,426 | | | $ | 27,210,851 | | | $ | 77,530,494 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 769,946 | | | | (146,838,820 | ) | | | (45,829,064 | ) |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | 1,738,173 | | | | 477,156,752 | | | | 401,724,157 | |
| | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 2,553,545 | | | | 357,528,783 | | | | 433,425,587 | |
| | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | |
Class A | | | — | | | | (1,276,901 | ) | | | (481,292 | ) |
Class C | | | — | | | | (135,012 | ) | | | (46,251 | ) |
Class I | | | — | | | | (42,224,830 | ) | | | (20,186,735 | ) |
Class R3 | | | — | | | | (1,392 | ) | | | (787 | ) |
Class R4 | | | — | | | | (394 | ) | | | (45,699 | ) |
Class R5 | | | — | | | | (15,146 | ) | | | (6,306 | ) |
Class Y | | | — | | | | (3,396,489 | ) | | | (2,433,096 | ) |
Class F | | | — | | | | (10,265,925 | ) | | | (2,614,489 | ) |
Class SDR | | | — | | | | (28,457,971 | ) | | | (13,830,184 | ) |
| | | | | | | | | | | | |
Total distributions | | | — | | | | (85,774,060 | ) | | | (39,644,839 | ) |
| | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | |
Sold | | | 5,537,911 | | | | 2,338,027,384 | | | | 1,569,572,457 | |
Issued on reinvestment of distributions | | | — | | | | 52,562,018 | | | | 24,314,244 | |
Redeemed | | | (269,745 | ) | | | (2,049,052,553 | ) | | | (1,407,536,600 | ) |
| | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 5,268,166 | | | | 341,536,849 | | | | 186,350,101 | |
| | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 7,821,711 | | | | 613,291,572 | | | | 580,130,849 | |
| | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | |
Beginning of period | | | — | | | | 3,578,932,658 | | | | 2,998,801,809 | |
| | | | | | | | | | | | |
End of period | | $ | 7,821,711 | | | $ | 4,192,224,230 | | | $ | 3,578,932,658 | |
| | | | | | | | | | | | |
| (1) | Commenced operations on March 31, 2020. |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford Schroders Emerging
Markets Multi-Sector Bond Fund | | | Hartford Schroders
International Multi-Cap Value Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020
| | | For the
Year Ended
October 31,
2019
| |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 3,874,164 | | | $ | 6,447,810 | | | $ | 46,568,325 | | | $ | 62,260,816 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | (5,222,785 | ) | | | (2,595,522 | ) | | | (97,642,693 | ) | | | (146,143,367 | ) |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (2,084,337 | ) | | | 5,286,245 | | | | (184,162,311 | ) | | | 211,806,292 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (3,432,958 | ) | | | 9,138,533 | | | | (235,236,679 | ) | | | 127,923,741 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
From distributable earnings | | | | | | | | | | | | | | | | |
Class A | | | (60,738 | ) | | | (133,660 | ) | | | (2,469,969 | ) | | | (4,247,199 | ) |
Class C | | | (7,559 | ) | | | (7,719 | ) | | | (323,461 | ) | | | (1,098,114 | ) |
Class I | | | (995,009 | ) | | | (1,588,823 | ) | | | (18,811,004 | ) | | | (42,940,197 | ) |
Class R3 | | | (966 | ) | | | (536 | ) | | | (369,795 | ) | | | (308,569 | ) |
Class R4 | | | (448 | ) | | | (537 | ) | | | (68,291 | ) | | | (96,105 | ) |
Class R5 | | | (453 | ) | | | (548 | ) | | | (570,494 | ) | | | (1,208,181 | ) |
Class Y | | | (96,816 | ) | | | (80,113 | ) | | | (4,370,513 | ) | | | (6,351,435 | ) |
Class F | | | (143,762 | ) | | | (1,396,956 | ) | | | (11,330,692 | ) | | | (15,601,049 | ) |
Class SDR | | | (1,493,256 | ) | | | (1,851,571 | ) | | | (18,442,460 | ) | | | (31,533,597 | ) |
From tax return of capital | | | | | | | | | | | | | | | | |
Class A | | | (17,785 | ) | | | (11,860 | ) | | | — | | | | — | |
Class C | | | (2,214 | ) | | | (685 | ) | | | — | | | | — | |
Class I | | | (291,352 | ) | | | (140,988 | ) | | | — | | | | — | |
Class R3 | | | (283 | ) | | | (48 | ) | | | — | | | | — | |
Class R4 | | | (131 | ) | | | (48 | ) | | | — | | | | — | |
Class R5 | | | (133 | ) | | | (49 | ) | | | — | | | | — | |
Class Y | | | (28,349 | ) | | | (7,109 | ) | | | — | | | | — | |
Class F | | | (42,096 | ) | | | (123,963 | ) | | | — | | | | — | |
Class SDR | | | (437,245 | ) | | | (164,304 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Total distributions | | | (3,618,595 | ) | | | (5,509,517 | ) | | | (56,756,679 | ) | | | (103,384,446 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Sold | | | 15,086,632 | | | | 19,812,789 | | | | 798,908,249 | | | | 929,356,674 | |
Issued on reinvestment of distributions | | | 3,616,560 | | | | 5,473,630 | | | | 50,947,105 | | | | 93,713,594 | |
Redeemed | | | (45,608,267 | ) | | | (39,875,815 | ) | | | (881,294,700 | ) | | | (841,072,557 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | (26,905,075 | ) | | | (14,589,396 | ) | | | (31,439,346 | ) | | | 181,997,711 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | (33,956,628 | ) | | | (10,960,380 | ) | | | (323,432,704 | ) | | | 206,537,006 | |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 94,082,601 | | | | 105,042,981 | | | | 2,072,411,056 | | | | 1,865,874,050 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 60,125,973 | | | $ | 94,082,601 | | | $ | 1,748,978,352 | | | $ | 2,072,411,056 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford Schroders
International Stock Fund | | | Hartford Schroders
Securitized Income Fund | |
| | | For the
Year Ended
October 31,
2020
| | | For the
Year Ended
October 31,
2019
| | | For the
Year Ended
October 31,
2020 | | | For the
Period Ended
October 31,
2019(1) | |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 4,769,518 | | | $ | 5,769,350 | | | $ | 1,683,155 | | | $ | 946,180 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 815,135 | | | | (7,907,102 | ) | | | (684,572 | ) | | | 351,147 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | 61,298,952 | | | | 42,350,698 | | | | (977,272 | ) | | | (206,707 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 66,883,605 | | | | 40,212,946 | | | | 21,311 | | | | 1,090,620 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (551,218 | ) | | | (1,107,203 | ) | | | (89,717 | ) | | | (50,264 | ) |
Class C | | | (10,939 | ) | | | (157,415 | ) | | | (1,709 | ) | | | — | |
Class I | | | (2,937,044 | ) | | | (10,142,730 | ) | | | (720,698 | ) | | | (61,092 | ) |
Class R3 | | | (2,018 | ) | | | (887 | ) | | | — | | | | — | |
Class R4 | | | (3,576 | ) | | | (891 | ) | | | — | | | | — | |
Class R5 | | | (21,848 | ) | | | (901 | ) | | | — | | | | — | |
Class Y | | | (12,698 | ) | | | (416,824 | ) | | | (82,780 | ) | | | (53,578 | ) |
Class F | | | (1,036,195 | ) | | | (995,487 | ) | | | (53,914 | ) | | | (38,286 | ) |
Class SDR | | | (957,577 | ) | | | (5,246,663 | ) | | | (858,565 | ) | | | (692,857 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (5,533,113 | ) | | | (18,069,001 | ) | | | (1,807,383 | ) | | | (896,077 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Sold | | | 714,548,186 | | | | 267,703,140 | | | | 97,752,072 | | | | 94,071,017 | |
Issued on reinvestment of distributions | | | 5,300,485 | | | | 17,755,039 | | | | 1,439,757 | | | | 691,846 | |
Redeemed | | | (196,939,513 | ) | | | (91,102,156 | ) | | | (98,425,735 | ) | | | (10,682 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 522,909,158 | | | | 194,356,023 | | | | 766,094 | | | | 94,752,181 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 584,259,650 | | | | 216,499,968 | | | | (1,019,978 | ) | | | 94,946,724 | |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 441,355,547 | | | | 224,855,579 | | | | 94,946,724 | | | | — | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 1,025,615,197 | | | $ | 441,355,547 | | | $ | 93,926,746 | | | $ | 94,946,724 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| | | | | | | | | | | | | | | | |
| | | Hartford Schroders
Tax-Aware Bond Fund | | | Hartford Schroders US MidCap
Opportunities Fund | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | | | | | | | | | | | | | | | | |
Net investment income (loss) | | $ | 6,131,232 | | | $ | 5,761,498 | | | $ | 1,941,902 | | | $ | 3,217,479 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | 5,692,704 | | | | 6,911,867 | | | | (1,692,169 | ) | | | 7,531,128 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | 5,001,707 | | | | 9,932,702 | | | | (22,415,488 | ) | | | 102,046,455 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | 16,825,643 | | | | 22,606,067 | | | | (22,165,755 | ) | | | 112,795,062 | |
| | | | | | | | | | | | | | | | |
Distributions to Shareholders: | | | | | | | | | | | | | | | | |
Class A | | | (1,459,342 | ) | | | (758,076 | ) | | | (618,118 | ) | | | (1,875,469 | ) |
Class C(2) | | | (217,886 | ) | | | (121,750 | ) | | | (401,295 | ) | | | (1,310,733 | ) |
Class I | | | (8,545,891 | ) | | | (4,585,616 | ) | | | (4,612,066 | ) | | | (13,979,494 | ) |
Class R3 | | | — | | | | — | | | | (8,911 | ) | | | (18,758 | ) |
Class R4 | | | — | | | | — | | | | (4,116 | ) | | | (18,966 | ) |
Class R5 | | | — | | | | — | | | | (13,317 | ) | | | (52,582 | ) |
Class Y | | | (7,512 | ) | | | (7,078 | ) | | | (1,235,418 | ) | | | (2,455,954 | ) |
Class F | | | (939,696 | ) | | | (408,408 | ) | | | (581,930 | ) | | | (1,075,458 | ) |
Class SDR | | | (2,255,888 | ) | | | (2,099,274 | ) | | | (830,635 | ) | | | (1,352,705 | ) |
| | | | | | | | | | | | | | | | |
Total distributions | | | (13,426,215 | ) | | | (7,980,202 | ) | | | (8,305,806 | ) | | | (22,140,119 | ) |
| | | | | | | | | | | | | | | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | |
Sold | | | 263,674,922 | | | | 186,245,249 | | | | 165,475,065 | | | | 305,402,261 | |
Issued on reinvestment of distributions | | | 10,792,934 | | | | 6,069,834 | | | | 7,957,824 | | | | 19,743,423 | |
Redeemed | | | (168,973,451 | ) | | | (91,171,993 | ) | | | (403,818,804 | ) | | | (541,524,513 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) from capital share transactions | | | 105,494,405 | | | | 101,143,090 | | | | (230,385,915 | ) | | | (216,378,829 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 108,893,833 | | | | 115,768,955 | | | | (260,857,476 | ) | | | (125,723,886 | ) |
| | | | | | | | | | | | | | | | |
Net Assets: | | | | | | | | | | | | | | | | |
Beginning of period | | | 334,548,681 | | | | 218,779,726 | | | | 902,391,318 | | | | 1,028,115,204 | |
| | | | | | | | | | | | | | | | |
End of period | | $ | 443,442,514 | | | $ | 334,548,681 | | | $ | 641,533,842 | | | $ | 902,391,318 | |
| | | | | | | | | | | | | | | | |
| (1) | Commenced operations on February 28, 2019. |
| (2) | Class C of the Securitized Income Fund commenced operations on February 28, 2020. |
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 | |
| | | For the
Year Ended
October 31,
2020 | | | For the
Year Ended
October 31,
2019 | |
Operations: | | | | | | | | |
Net investment income (loss) | | $ | 700,322 | | | $ | 585,427 | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | (9,386,097 | ) | | | 10,306,177 | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | (4,072,609 | ) | | | 8,527,470 | |
| | | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | (12,758,384 | ) | | | 19,419,074 | |
| | | | | | | | |
Distributions to Shareholders: | | | | | | | | |
Class A | | | (1,122,710 | ) | | | (1,273,415 | ) |
Class C | | | (365,812 | ) | | | (613,652 | ) |
Class I | | | (7,302,285 | ) | | | (9,398,176 | ) |
Class R3 | | | (4,953 | ) | | | (6,097 | ) |
Class R4 | | | (13,210 | ) | | | (928 | ) |
Class R5 | | | (4,561 | ) | | | (1,691 | ) |
Class Y | | | (1,302,907 | ) | | | (2,040,823 | ) |
Class F | | | (257,410 | ) | | | (254,541 | ) |
Class SDR | | | (585,075 | ) | | | (959,593 | ) |
| | | | | | | | |
Total distributions | | | (10,958,923 | ) | | | (14,548,916 | ) |
| | | | | | | | |
Capital Share Transactions: | | | | | | | | |
Sold | | | 125,609,869 | | | | 60,412,503 | |
Issued on reinvestment of distributions | | | 10,784,153 | | | | 14,244,734 | |
Redeemed | | | (88,923,234 | ) | | | (37,311,741 | ) |
| | | | | | | | |
Net increase (decrease) from capital share transactions | | | 47,470,788 | | | | 37,345,496 | |
| | | | | | | | |
Net Increase (Decrease) in Net Assets | | | 23,753,481 | | | | 42,215,654 | |
| | | | | | | | |
Net Assets: | | | | | | | | |
Beginning of period | | | 210,189,939 | | | | 167,974,285 | |
| | | | | | | | |
End of period | | $ | 233,943,420 | | | $ | 210,189,939 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Statement of Cash Flows
For the Year Ended October 31, 2020
| | | | |
| | | Hartford
Schroders
Securitized
Income Fund | |
Increase (decrease) in cash | | | | |
Cash flows from operating activities | | | | |
Net increase in net assets resulting from operations | | $ | 21,311 | |
| | | | |
Adjustments to reconcile net increase in net assets resulting from operations to net cash used for operating activities: | | | | |
Purchases of investment securities | | $ | (105,398,529 | ) |
Sales of investment securities | | | 70,476,946 | |
Net purchases, sales and maturities of short-term investments | | | 8,122,079 | |
Net amortization/ accretion of premium (discount) | | | 65,806 | |
Increase in dividends and interest receivable | | | (63,950 | ) |
Increase in receivable from affiliates | | | (15,811 | ) |
Increase in variation margin on futures contracts | | | 45,449 | |
Increase in other assets | | | (3,059 | ) |
Decrease in investment management fees payables | | | (1,996 | ) |
Decrease in accounting services fees payables | | | (358 | ) |
Increase in transfer agent fees payable | | | 3,093 | |
Increase in Board of Trustees' fees payables | | | 320 | |
Increase in distribution fees payables | | | 202 | |
Increase in interest on reverse repurchase agreements | | | 23,852 | |
Decrease in accrued expenses | | | (47,105 | ) |
Net realized loss on investments | | | 405,412 | |
Net change in unrealized appreciation (depreciation) of investments in securities | | | 1,206,735 | |
Net change in unrealized appreciation (depreciation) on foreign currency contracts | | | 4,815 | |
| | | | |
Net cash used for operating activities | | $ | (25,176,099 | ) |
| | | | |
Cash flows from financing activities | | | | |
Proceeds from reverse repurchase agreements | | $ | 124,022,525 | |
Repayment of reverse repurchase agreements | | | (97,847,181 | ) |
Proceeds from shares sold | | | 97,678,156 | |
Cost of shares repurchased | | | (98,425,485 | ) |
Dividends paid to shareholders | | | (367,626 | ) |
| | | | |
Net cash provided by financing activities | | $ | 25,060,389 | |
| | | | |
Net decrease in cash and foreign currency | | $ | (94,399 | ) |
| | | | |
Cash and foreign currency, beginning of year* | | $ | 379,480 | |
Cash and foreign currency, end of year* | | $ | 285,081 | |
| |
Supplemental disclosure of cash flow information: | | | | |
Reinvestment of dividends | | $ | 1,439,757 | |
Cash paid during the year for interest | | $ | 263,088 | |
| | | | | | | | |
| | | Beginning
of Year | | | End
of Year | |
Cash | | $ | — | | | $ | 5,048 | |
Restricted cash | | | 221,488 | | | | 235,261 | |
Foreign currency | | | 157,992 | | | | 44,772 | |
| | | | | | | | |
| | $ | 379,480 | | | $ | 285,081 | |
| | | | | | | | |
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 China A Fund(4) | |
|
For the Period Ended October 31, 2020 | |
A | | $ | 10.00 | | | $ | 0.04 | | | $ | 5.02 | | | $ | 5.06 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 15.06 | | | | 50.60 | %(5) | | $ | 369 | | | | 4.28 | %(6) | | | 1.29 | %(6) | | | 0.55 | %(6) | | | 46 | % |
C | | | 10.00 | | | | 0.00 | (7) | | | 4.98 | | | | 4.98 | | | | — | | | | — | | | | — | | | | — | | | | 14.98 | | | | 49.80 | (5) | | | 178 | | | | 5.08 | (6) | | | 2.22 | (6) | | | (0.04 | )(6) | | | 46 | |
I | | | 10.00 | | | | 0.07 | | | | 5.01 | | | | 5.08 | | | | — | | | | — | | | | — | | | | — | | | | 15.08 | | | | 50.80 | (5) | | | 183 | | | | 4.01 | (6) | | | 1.15 | (6) | | | 0.93 | (6) | | | 46 | |
Y | | | 10.00 | | | | 0.09 | | | | 4.99 | | | | 5.08 | | | | — | | | | — | | | | — | | | | — | | | | 15.08 | | | | 50.80 | (5) | | | 151 | | | | 3.95 | (6) | | | 1.10 | (6) | | | 1.14 | (6) | | | 46 | |
F | | | 10.00 | | | | 0.10 | | | | 4.99 | | | | 5.09 | | | | — | | | | — | | | | — | | | | — | | | | 15.09 | | | | 50.90 | (5) | | | 3,169 | | | | 3.85 | (6) | | | 0.99 | (6) | | | 1.24 | (6) | | | 46 | |
SDR | | | 10.00 | | | | 0.10 | | | | 4.99 | | | | 5.09 | | | | — | | | | — | | | | — | | | | — | | | | 15.09 | | | | 50.90 | (5) | | | 3,772 | | | | 3.85 | (6) | | | 0.99 | (6) | | | 1.24 | (6) | | | 46 | |
|
| Hartford Schroders Emerging Markets Equity Fund(20) | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 15.78 | | | $ | 0.06 | | | $ | 1.71 | | | $ | 1.77 | | | $ | (0.33 | ) | | $ | — | | | $ | — | | | $ | (0.33 | ) | | $ | 17.22 | | | | 11.28 | % | | $ | 62,843 | | | | 1.53 | % | | | 1.53 | % | | | 0.40 | % | | | 52 | % |
C | | | 15.51 | | | | (0.05 | ) | | | 1.67 | | | | 1.62 | | | | (0.20 | ) | | | — | | | | — | | | | (0.20 | ) | | | 16.93 | | | | 10.51 | | | | 7,127 | | | | 2.16 | | | | 2.16 | | | | (0.34 | ) | | | 52 | |
I | | | 15.77 | | | | 0.10 | | | | 1.71 | | | | 1.81 | | | | (0.36 | ) | | | — | | | | — | | | | (0.36 | ) | | | 17.22 | | | | 11.56 | | | | 1,443,799 | | | | 1.25 | | | | 1.25 | | | | 0.63 | | | | 52 | |
R3 | | | 15.66 | | | | 0.03 | | | | 1.70 | | | | 1.73 | | | | (0.28 | ) | | | — | | | | — | | | | (0.28 | ) | | | 17.11 | | | | 11.08 | | | | 88 | | | | 1.79 | | | | 1.71 | | | | 0.21 | | | | 52 | |
R4 | | | 15.74 | | | | 0.17 | | | | 1.62 | | | | 1.79 | | | | (0.24 | ) | | | — | | | | — | | | | (0.24 | ) | | | 17.29 | | | | 11.43 | | | | 4,500 | | | | 1.43 | | | | 1.43 | | | | 1.09 | | | | 52 | |
R5 | | | 15.78 | | | | 0.11 | | | | 1.70 | | | | 1.81 | | | | (0.37 | ) | | | — | | | | — | | | | (0.37 | ) | | | 17.22 | | | | 11.55 | | | | 322 | | | | 1.20 | | | | 1.20 | | | | 0.69 | | | | 52 | |
Y | | | 15.79 | | | | 0.13 | | | | 1.70 | | | | 1.83 | | | | (0.37 | ) | | | — | | | | — | | | | (0.37 | ) | | | 17.25 | | | | 11.69 | | | | 505,338 | | | | 1.18 | | | | 1.18 | | | | 0.85 | | | | 52 | |
F | | | 15.78 | | | | 0.14 | | | | 1.71 | | | | 1.85 | | | | (0.39 | ) | | | — | | | | — | | | | (0.39 | ) | | | 17.24 | | | | 11.79 | | | | 861,337 | | | | 1.08 | | | | 1.08 | | | | 0.85 | | | | 52 | |
SDR | | | 15.81 | | | | 0.13 | | | | 1.72 | | | | 1.85 | | | | (0.39 | ) | | | — | | | | — | | | | (0.39 | ) | | | 17.27 | | | | 11.77 | | | | 1,306,890 | | | | 1.08 | | | | 1.08 | | | | 0.83 | | | | 52 | |
|
For the Year Ended October 31, 2019 | |
A | | $ | 14.07 | | | $ | 0.29 | | | $ | 1.56 | | | $ | 1.85 | | | $ | (0.14 | ) | | $ | — | | | $ | — | | | $ | (0.14 | ) | | $ | 15.78 | | | | 13.27 | % | | $ | 60,356 | | | | 1.45 | % | | | 1.45 | % | | | 1.95 | % | | | 43 | % |
C | | | 13.86 | | | | 0.19 | | | | 1.53 | | | | 1.72 | | | | (0.07 | ) | | | — | | | | — | | | | (0.07 | ) | | | 15.51 | | | | 12.50 | | | | 10,532 | | | | 2.17 | | | | 2.17 | | | | 1.27 | | | | 43 | |
I | | | 14.06 | | | | 0.31 | | | | 1.57 | | | | 1.88 | | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 15.77 | | | | 13.54 | | | | 1,838,077 | | | | 1.23 | | | | 1.23 | | | | 2.07 | | | | 43 | |
R3 | | | 13.98 | | | | 0.23 | | | | 1.57 | | | | 1.80 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 15.66 | | | | 13.01 | | | | 83 | | | | 1.79 | | | | 1.72 | | | | 1.51 | | | | 43 | |
R4 | | | 14.02 | | | | (0.05 | ) | | | 1.95 | | | | 1.90 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 15.74 | | | | 13.78 | | | | 26 | | | | 1.43 | | | | 1.42 | | | | (0.32 | ) | | | 43 | |
R5 | | | 14.07 | | | | 0.33 | | | | 1.56 | | | | 1.89 | | | | (0.18 | ) | | | — | | | | — | | | | (0.18 | ) | | | 15.78 | | | | 13.61 | | | | 600 | | | | 1.19 | | | | 1.19 | | | | 2.19 | | | | 43 | |
Y | | | 14.09 | | | | 0.32 | | | | 1.57 | | | | 1.89 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 15.79 | | | | 13.62 | | | | 120,308 | | | | 1.13 | | | | 1.13 | | | | 2.11 | | | | 43 | |
F | | | 14.07 | | | | 0.42 | | | | 1.48 | | | | 1.90 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 15.78 | | | | 13.73 | | | | 419,520 | | | | 1.07 | | | | 1.07 | | | | 2.77 | | | | 43 | |
SDR | | | 14.10 | | | | 0.34 | | | | 1.56 | | | | 1.90 | | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 15.81 | | | | 13.71 | | | | 1,129,431 | | | | 1.07 | | | | 1.07 | | | | 2.28 | | | | 43 | |
|
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(8) | | | 12.98 | | | | 0.16 | | | | 3.09 | | | | 3.25 | | | | — | | | | — | | | | — | | | | — | | | | 16.23 | | | | 25.04 | (5) | | | 42,462 | | | | 1.10 | (6) | | | 1.10 | (6) | | | 1.57 | (6) | | | 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 | |
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 Equity Fund(20) – (continued) | |
| | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | |
A | | $ | 11.56 | | | $ | 0.08 | | | $ | 1.02 | (10) | | $ | 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 | )(5) | | | 10 | | | | 2.06 | (6) | | | 2.06 | (6) | | | (2.06 | )(6) | | | 47 | |
I | | | 11.56 | | | | 0.10 | | | | 1.03 | (10) | | | 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 | )(5) | | | 10 | | | | 1.75 | (6) | | | 1.75 | (6) | | | (1.75 | )(6) | | | 47 | |
R4(9) | | | 12.68 | | | | (0.01 | ) | | | (0.09 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(5) | | | 10 | | | | 1.46 | (6) | | | 1.46 | (6) | | | (1.46 | )(6) | | | 47 | |
R5(9) | | | 12.68 | | | | — | | | | (0.10 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(5) | | | 10 | | | | 1.17 | (6) | | | 1.17 | (6) | | | (1.16 | )(6) | | | 47 | |
Y(9) | | | 12.68 | | | | — | | | | (0.10 | ) | | | (0.10 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.58 | | | | (0.79 | )(5) | | | 10 | | | | 1.06 | (6) | | | 1.06 | (6) | | | (1.06 | )(6) | | | 47 | |
SDR | | | 11.57 | | | | 0.12 | | | | 1.03 | (10) | | | 1.15 | | | | (0.12 | ) | | | — | | | | — | | | | (0.12 | ) | | | 12.60 | | | | 10.10 | | | | 561,740 | | | | 1.18 | | | | 1.10 | | | | 1.05 | | | | 47 | |
|
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund(20) | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 9.12 | | | $ | 0.44 | | | $ | (0.90 | ) | | $ | (0.46 | ) | | $ | (0.34 | ) | | $ | — | | | $ | (0.10 | ) | | $ | (0.44 | ) | | $ | 8.22 | | | | (4.85 | )% | | $ | 1,727 | | | | 1.41 | % | | | 1.15 | % | | | 5.22 | % | | | 141 | % |
C | | | 9.08 | | | | 0.38 | | | | (0.89 | ) | | | (0.51 | ) | | | (0.29 | ) | | | — | | | | (0.08 | ) | | | (0.37 | ) | | | 8.20 | | | | (5.43 | ) | | | 215 | | | | 2.23 | | | | 1.90 | | | | 4.48 | | | | 141 | |
I | | | 9.11 | | | | 0.47 | | | | (0.90 | ) | | | (0.43 | ) | | | (0.37 | ) | | | — | | | | (0.10 | ) | | | (0.47 | ) | | | 8.21 | | | | (4.50 | ) | | | 21,211 | | | | 1.05 | | | | 0.82 | | | | 5.56 | | | | 141 | |
R3 | | | 9.13 | | | | 0.43 | | | | (0.89 | ) | | | (0.46 | ) | | | (0.34 | ) | | | — | | | | (0.10 | ) | | | (0.44 | ) | | | 8.23 | | | | (4.79 | ) | | | 29 | | | | 1.70 | | | | 1.24 | | | | 5.15 | | | | 141 | |
R4 | | | 9.11 | | | | 0.46 | | | | (0.89 | ) | | | (0.43 | ) | | | (0.36 | ) | | | — | | | | (0.10 | ) | | | (0.46 | ) | | | 8.22 | | | | (4.45 | ) | | | 11 | | | | 1.40 | | | | 0.92 | | | | 5.48 | | | | 141 | |
R5 | | | 9.10 | | | | 0.46 | | | | (0.88 | ) | | | (0.42 | ) | | | (0.37 | ) | | | — | | | | (0.10 | ) | | | (0.47 | ) | | | 8.21 | | | | (4.41 | ) | | | 11 | | | | 1.10 | | | | 0.85 | | | | 5.52 | | | | 141 | |
Y | | | 9.10 | | | | 0.47 | | | | (0.89 | ) | | | (0.42 | ) | | | (0.36 | ) | | | — | | | | (0.11 | ) | | | (0.47 | ) | | | 8.21 | | | | (4.34 | ) | | | 2,376 | | | | 0.98 | | | | 0.76 | | | | 5.60 | | | | 141 | |
F | | | 9.10 | | | | 0.51 | | | | (1.02 | ) | | | (0.51 | ) | | | (0.67 | ) | | | — | | | | (0.20 | ) | | | (0.87 | ) | | | 7.72 | | | | (4.66 | ) | | | 11 | | | | 0.98 | | | | 0.75 | | | | 5.58 | | | | 141 | |
SDR | | | 9.11 | | | | 0.47 | | | | (0.90 | ) | | | (0.43 | ) | | | (0.36 | ) | | | — | | | | (0.11 | ) | | | (0.47 | ) | | | 8.21 | | | | (4.44 | ) | | | 34,536 | | | | 0.98 | | | | 0.75 | | | | 5.62 | | | | 141 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 8.79 | | | $ | 0.55 | | | $ | 0.25 | | | $ | 0.80 | | | $ | (0.43 | ) | | $ | — | | | $ | (0.04 | ) | | $ | (0.47 | ) | | $ | 9.12 | | | | 9.21 | % | | $ | 1,829 | | | | 1.29 | % | | | 1.11 | % | | | 6.12 | % | | | 240 | % |
C | | | 8.74 | | | | 0.48 | | | | 0.25 | | | | 0.73 | | | | (0.36 | ) | | | — | | | | (0.03 | ) | | | (0.39 | ) | | | 9.08 | | | | 8.44 | | | | 266 | | | | 2.14 | | | | 1.90 | | | | 5.39 | | | | 240 | |
I | | | 8.78 | | | | 0.58 | | | | 0.25 | | | | 0.83 | | | | (0.46 | ) | | | — | | | | (0.04 | ) | | | (0.50 | ) | | | 9.11 | | | | 9.65 | | | | 29,715 | | | | 1.00 | | | | 0.83 | | | | 6.37 | | | | 240 | |
R3 | | | 8.80 | | | | 0.57 | | | | 0.25 | | | | 0.82 | | | | (0.45 | ) | | | — | | | | (0.04 | ) | | | (0.49 | ) | | | 9.13 | | | | 9.46 | | | | 11 | | | | 1.55 | | | | 0.88 | | | | 6.33 | | | | 240 | |
R4 | | | 8.78 | | | | 0.57 | | | | 0.25 | | | | 0.82 | | | | (0.45 | ) | | | — | | | | (0.04 | ) | | | (0.49 | ) | | | 9.11 | | | | 9.45 | | | | 11 | | | | 1.28 | | | | 0.86 | | | | 6.35 | | | | 240 | |
R5 | | | 8.78 | | | | 0.58 | | | | 0.24 | | | | 0.82 | | | | (0.46 | ) | | | — | | | | (0.04 | ) | | | (0.50 | ) | | | 9.10 | | | | 9.56 | | | | 11 | | | | 1.00 | | | | 0.81 | | | | 6.39 | | | | 240 | |
Y | | | 8.78 | | | | 0.58 | | | | 0.24 | | | | 0.82 | | | | (0.46 | ) | | | — | | | | (0.04 | ) | | | (0.50 | ) | | | 9.10 | | | | 9.61 | | | | 2,046 | | | | 0.94 | | | | 0.76 | | | | 6.39 | | | | 240 | |
F | | | 8.78 | | | | 0.58 | | | | 0.25 | | | | 0.83 | | | | (0.47 | ) | | | — | | | | (0.04 | ) | | | (0.51 | ) | | | 9.10 | | | | 9.66 | | | | 23,084 | | | | 0.93 | | | | 0.75 | | | | 6.45 | | | | 240 | |
SDR | | | 8.79 | | | | 0.58 | | | | 0.25 | | | | 0.83 | | | | (0.47 | ) | | | — | | | | (0.04 | ) | | | (0.51 | ) | | | 9.11 | | | | 9.65 | | | | 37,109 | | | | 0.93 | | | | 0.75 | | | | 6.44 | | | | 240 | |
| | | | |
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 | |
| | | | |
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(8) | | | 9.70 | | | | 0.39 | | | | 0.30 | | | | 0.69 | | | | (0.43 | ) | | | — | | | | — | | | | (0.43 | ) | | | 9.96 | | | | 7.22 | (5) | | | 11 | | | | 0.87 | (6) | | | 0.75 | (6) | | | 5.90 | (6) | | | 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 | |
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(20) – (continued) | |
| | | | |
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 | )(5) | | | 10 | | | | 1.73 | (6) | | | 1.73 | (6) | | | 7.72 | (6) | | | 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 | )(5) | | | 10 | | | | 1.41 | (6) | | | 1.41 | (6) | | | 8.09 | (6) | | | 147 | |
R4(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(5) | | | 10 | | | | 1.13 | (6) | | | 1.13 | (6) | | | 8.46 | (6) | | | 147 | |
R5(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(5) | | | 10 | | | | 0.84 | (6) | | | 0.84 | (6) | | | 8.46 | (6) | | | 147 | |
Y(9) | | | 9.87 | | | | 0.02 | | | | (0.11 | ) | | | (0.09 | ) | | | — | | | | — | | | | — | | | | — | | | | 9.78 | | | | (0.91 | )(5) | | | 10 | | | | 0.73 | (6) | | | 0.73 | (6) | | | 8.82 | (6) | | | 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 | |
|
| Hartford Schroders International Multi-Cap Value Fund(20) | |
| | | | |
For the Year Ended October 31, 2020 | | | | | | | | | | | | | | | | | |
A | | $ | 9.05 | | | $ | 0.17 | | | $ | (1.24 | ) | | $ | (1.07 | ) | | $ | (0.22 | ) | | $ | — | | | $ | — | | | $ | (0.22 | ) | | $ | 7.76 | | | | (12.01 | )% | | $ | 65,123 | | | | 1.12 | % | | | 1.12 | % | | | 2.12 | % | | | 119 | % |
C | | | 8.99 | | | | 0.11 | | | | (1.23 | ) | | | (1.12 | ) | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 7.71 | | | | (12.69 | ) | | | 12,691 | | | | 1.86 | | | | 1.86 | | | | 1.32 | | | | 119 | |
I | | | 9.05 | | | | 0.20 | | | | (1.26 | ) | | | (1.06 | ) | | | (0.24 | ) | | | — | | | | — | | | | (0.24 | ) | | | 7.75 | | | | (11.86 | ) | | | 538,073 | | | | 0.85 | | | | 0.85 | | | | 2.37 | | | | 119 | |
R3 | | | 9.02 | | | | 0.14 | | | | (1.24 | ) | | | (1.10 | ) | | | (0.19 | ) | | | — | | | | — | | | | (0.19 | ) | | | 7.73 | | | | (12.42 | ) | | | 13,398 | | | | 1.48 | | | | 1.48 | | | | 1.71 | | | | 119 | |
R4 | | | 9.03 | | | | 0.17 | | | | (1.24 | ) | | | (1.07 | ) | | | (0.22 | ) | | | — | | | | — | | | | (0.22 | ) | | | 7.74 | | | | (12.07 | ) | | | 2,328 | | | | 1.18 | | | | 1.18 | | | | 2.13 | | | | 119 | |
R5 | | | 9.04 | | | | 0.20 | | | | (1.25 | ) | | | (1.05 | ) | | | (0.24 | ) | | | — | | | | — | | | | (0.24 | ) | | | 7.75 | | | | (11.75 | ) | | | 17,008 | | | | 0.86 | | | | 0.86 | | | | 2.42 | | | | 119 | |
Y | | | 9.04 | | | | 0.20 | | | | (1.24 | ) | | | (1.04 | ) | | | (0.25 | ) | | | — | | | | — | | | | (0.25 | ) | | | 7.75 | | | | (11.72 | ) | | | 165,134 | | | | 0.86 | | | | 0.81 | | | | 2.49 | | | | 119 | |
F | | | 9.05 | | | | 0.21 | | | | (1.25 | ) | | | (1.04 | ) | | | (0.25 | ) | | | — | | | | — | | | | (0.25 | ) | | | 7.76 | | | | (11.65 | ) | | | 357,583 | | | | 0.76 | | | | 0.76 | | | | 2.58 | | | | 119 | |
SDR | | | 9.04 | | | | 0.21 | | | | (1.26 | ) | | | (1.05 | ) | | | (0.25 | ) | | | — | | | | — | | | | (0.25 | ) | | | 7.74 | | | | (11.78 | ) | | | 577,640 | | | | 0.76 | | | | 0.76 | | | | 2.54 | | | | 119 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 8.97 | | | $ | 0.27 | | | $ | 0.28 | | | $ | 0.55 | | | $ | (0.25 | ) | | $ | (0.22 | ) | | $ | — | | | $ | (0.47 | ) | | $ | 9.05 | | | | 6.61 | % | | $ | 106,530 | | | | 1.12 | % | | | 1.12 | % | | | 3.03 | % | | | 119 | % |
C | | | 8.90 | | | | 0.19 | | | | 0.30 | | | | 0.49 | | | | (0.18 | ) | | | (0.22 | ) | | | — | | | | (0.40 | ) | | | 8.99 | | | | 5.91 | | | | 21,500 | | | | 1.87 | | | | 1.87 | | | | 2.12 | | | | 119 | |
I | | | 8.96 | | | | 0.28 | | | | 0.30 | | | | 0.58 | | | | (0.27 | ) | | | (0.22 | ) | | | — | | | | (0.49 | ) | | | 9.05 | | | | 6.98 | | | | 740,680 | | | | 0.86 | | | | 0.86 | | | | 3.13 | | | | 119 | |
R3 | | | 8.94 | | | | 0.28 | | | | 0.25 | | | | 0.53 | | | | (0.23 | ) | | | (0.22 | ) | | | — | | | | (0.45 | ) | | | 9.02 | | | | 6.36 | | | | 19,748 | | | | 1.48 | | | | 1.48 | | | | 3.25 | | | | 119 | |
R4 | | | 8.95 | | | | 0.26 | | | | 0.29 | | | | 0.55 | | | | (0.25 | ) | | | (0.22 | ) | | | — | | | | (0.47 | ) | | | 9.03 | | | | 6.57 | | | | 2,746 | | | | 1.18 | | | | 1.18 | | | | 3.01 | | | | 119 | |
R5 | | | 8.95 | | | | 0.26 | | | | 0.32 | | | | 0.58 | | | | (0.27 | ) | | | (0.22 | ) | | | — | | | | (0.49 | ) | | | 9.04 | | | | 6.97 | | | | 21,262 | | | | 0.87 | | | | 0.87 | | | | 2.99 | | | | 119 | |
Y | | | 8.96 | | | | 0.29 | | | | 0.29 | | | | 0.58 | | | | (0.28 | ) | | | (0.22 | ) | | | — | | | | (0.50 | ) | | | 9.04 | | | | 6.93 | | | | 146,587 | | | | 0.85 | | | | 0.80 | | | | 3.29 | | | | 119 | |
F | | | 8.97 | | | | 0.29 | | | | 0.29 | | | | 0.58 | | | | (0.28 | ) | | | (0.22 | ) | | | — | | | | (0.50 | ) | | | 9.05 | | | | 6.98 | | | | 377,025 | | | | 0.76 | | | | 0.76 | | | | 3.31 | | | | 119 | |
SDR | | | 8.96 | | | | 0.29 | | | | 0.29 | | | | 0.58 | | | | (0.28 | ) | | | (0.22 | ) | | | — | | | | (0.50 | ) | | | 9.04 | | | | 6.99 | | | | 636,333 | | | | 0.76 | | | | 0.76 | | | | 3.27 | | | | 119 | |
| | | | |
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(8) | | | 9.13 | | | | 0.17 | | | | 1.02 | | | | 1.19 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 10.18 | | | | 13.07 | (5) | | | 110,585 | | | | 0.83 | (6) | | | 0.75 | (6) | | | 2.60 | (6) | | | 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 | |
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(20) – (continued) | |
| | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | |
A | | $ | 8.48 | | | $ | 0.15 | | | $ | 0.17 | (10) | | $ | 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 | )(5) | | | 10 | | | | 1.80 | (6) | | | 1.80 | (6) | | | (1.10 | )(6) | | | 94 | |
I | | | 8.47 | | | | 0.18 | | | | 0.16 | (10) | | | 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 | )(5) | | | 10 | | | | 1.48 | (6) | | | 1.48 | (6) | | | (0.73 | )(6) | | | 94 | |
R4(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(5) | | | 10 | | | | 1.19 | (6) | | | 1.19 | (6) | | | (0.37 | )(6) | | | 94 | |
R5(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(5) | | | 10 | | | | 0.91 | (6) | | | 0.91 | (6) | | | 0.73 | (6) | | | 94 | |
Y(9) | | | 8.62 | | | | — | | | | (0.02 | ) | | | (0.02 | ) | | | — | | | | — | | | | — | | | | — | | | | 8.60 | | | | (0.23 | )(5) | | | 10 | | | | 0.80 | (6) | | | 0.80 | (6) | | | — | (6) | | | 94 | |
SDR | | | 8.46 | | | | 0.20 | | | | 0.16 | (10) | | | 0.36 | | | | (0.22 | ) | | | — | | | | — | | | | (0.22 | ) | | | 8.60 | | | | 4.44 | | | | 221,643 | | | | 1.06 | | | | 0.75 | | | | 2.37 | | | | 94 | |
|
| Hartford Schroders International Stock Fund(20) | |
| | | | |
For the Year Ended October 31, 2020 | | | | | | | | | | | | | | | | | |
A | | $ | 12.91 | | | $ | 0.07 | | | $ | 1.30 | | | $ | 1.37 | | | $ | (0.14 | ) | | $ | — | | | $ | — | | | $ | (0.14 | ) | | $ | 14.14 | | | | 10.63 | % | | $ | 114,042 | | | | 1.12 | % | | | 1.11 | % | | | 0.49 | % | | | 34 | % |
C | | | 12.25 | | | | (0.03 | ) | | | 1.25 | | | | 1.22 | | | | (0.04 | ) | | | — | | | | — | | | | (0.04 | ) | | | 13.43 | | | | 9.93 | | | | 6,687 | | | | 1.85 | | | | 1.85 | | | | (0.21 | ) | | | 34 | |
I | | | 12.51 | | | | 0.10 | | | | 1.26 | | | | 1.36 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 13.71 | | | | 10.93 | | | | 516,721 | | | | 0.83 | | | | 0.83 | | | | 0.79 | | | | 34 | |
R3 | | | 12.47 | | | | 0.03 | | | | 1.26 | | | | 1.29 | | | | (0.13 | ) | | | — | | | | — | | | | (0.13 | ) | | | 13.63 | | | | 10.38 | | | | 734 | | | | 1.46 | | | | 1.45 | | | | 0.25 | | | | 34 | |
R4 | | | 12.50 | | | | 0.07 | | | | 1.25 | | | | 1.32 | | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 13.67 | | | | 10.62 | | | | 2,536 | | | | 1.15 | | | | 1.15 | | | | 0.51 | | | | 34 | |
R5 | | | 12.52 | | | | 0.11 | | | | 1.26 | | | | 1.37 | | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 13.72 | | | | 10.96 | | | | 12,208 | | | | 0.83 | | | | 0.83 | | | | 0.84 | | | | 34 | |
Y | | | 12.52 | | | | 0.06 | | | | 1.32 | | | | 1.38 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 13.76 | | | | 11.09 | | | | 66,753 | | | | 0.82 | | | | 0.82 | | | | 0.45 | | | | 34 | |
F | | | 12.52 | | | | 0.11 | | | | 1.28 | | | | 1.39 | | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 13.74 | | | | 11.13 | | | | 169,576 | | | | 0.75 | | | | 0.75 | | | | 0.86 | | | | 34 | |
SDR | | | 12.52 | | | | 0.11 | | | | 1.27 | | | | 1.38 | | | | (0.17 | ) | | | — | | | | — | | | | (0.17 | ) | | | 13.73 | | | | 11.07 | | | | 136,358 | | | | 0.75 | | | | 0.75 | | | | 0.86 | | | | 34 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 12.46 | | | $ | 0.17 | | | $ | 1.18 | | | $ | 1.35 | | | $ | (0.15 | ) | | $ | (0.75 | ) | | $ | — | | | $ | (0.90 | ) | | $ | 12.91 | | | | 12.04 | % | | $ | 46,241 | | | | 1.16 | % | | | 1.14 | % | | | 1.42 | % | | | 37 | % |
C | | | 11.90 | | | | 0.10 | | | | 1.10 | | | | 1.20 | | | | (0.10 | ) | | | (0.75 | ) | | | — | | | | (0.85 | ) | | | 12.25 | | | | 11.16 | | | | 3,530 | | | | 1.90 | | | | 1.87 | | | | 0.88 | | | | 37 | |
I | | | 12.09 | | | | 0.21 | | | | 1.13 | | | | 1.34 | | | | (0.17 | ) | | | (0.75 | ) | | | — | | | �� | (0.92 | ) | | | 12.51 | | | | 12.39 | | | | 218,391 | | | | 0.86 | | | | 0.83 | | | | 1.81 | | | | 37 | |
R3 | | | 12.08 | | | | 0.16 | | | | 1.13 | | | | 1.29 | | | | (0.15 | ) | | | (0.75 | ) | | | — | | | | (0.90 | ) | | | 12.47 | | | | 11.93 | | | | 190 | | | | 1.44 | | | | 1.33 | | | | 1.35 | | | | 37 | |
R4 | | | 12.09 | | | | 0.15 | | | | 1.17 | | | | 1.32 | | | | (0.16 | ) | | | (0.75 | ) | | | — | | | | (0.91 | ) | | | 12.50 | | | | 12.15 | | | | 292 | | | | 1.12 | | | | 1.05 | | | | 1.24 | | | | 37 | |
R5 | | | 12.10 | | | | 0.15 | | | | 1.19 | | | | 1.34 | | | | (0.17 | ) | | | (0.75 | ) | | | — | | | | (0.92 | ) | | | 12.52 | | | | 12.33 | | | | 1,066 | | | | 0.80 | | | | 0.78 | | | | 1.21 | | | | 37 | |
Y | | | 12.11 | | | | 0.21 | | | | 1.12 | | | | 1.33 | | | | (0.17 | ) | | | (0.75 | ) | | | — | | | | (0.92 | ) | | | 12.52 | | | | 12.38 | | | | 676 | | | | 0.87 | | | | 0.84 | | | | 1.80 | | | | 37 | |
F | | | 12.10 | | | | 0.22 | | | | 1.12 | | | | 1.34 | | | | (0.17 | ) | | | (0.75 | ) | | | — | | | | (0.92 | ) | | | 12.52 | | | | 12.47 | | | | 70,305 | | | | 0.78 | | | | 0.76 | | | | 1.85 | | | | 37 | |
SDR | | | 12.10 | | | | 0.21 | | | | 1.14 | | | | 1.35 | | | | (0.18 | ) | | | (0.75 | ) | | | — | | | | (0.93 | ) | | | 12.52 | | | | 12.45 | | | | 100,663 | | | | 0.80 | | | | 0.76 | | | | 1.80 | | | | 37 | |
| | | | |
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(8) | | | 10.87 | | | | 0.04 | | | | 2.31 | | | | 2.35 | | | | — | | | | — | | | | — | | | | — | | | | 13.22 | | | | 21.62 | (5) | | | 844 | | | | 0.85 | (6) | | | 0.80 | (6) | | | 0.52 | (6) | | | 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 | |
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 Stock Fund(20) – (continued) | |
| | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | |
A | | $ | 11.35 | | | $ | 0.12 | | | $ | (0.35 | )(10) | | $ | (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 | (5) | | | 10 | | | | 1.77 | (6) | | | 1.77 | (6) | | | (1.77 | )(6) | | | 53 | |
I | | | 11.01 | | | | 0.14 | | | | (0.33 | )(10) | | | (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 | (5) | | | 10 | | | | 1.47 | (6) | | | 1.47 | (6) | | | (1.47 | )(6) | | | 53 | |
R4(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (5) | | | 10 | | | | 1.17 | (6) | | | 1.17 | (6) | | | (1.17 | )(6) | | | 53 | |
R5(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (5) | | | 10 | | | | 0.89 | (6) | | | 0.89 | (6) | | | (0.87 | )(6) | | | 53 | |
Y(9) | | | 10.64 | | | | — | | | | 0.05 | | | | 0.05 | | | | — | | | | — | | | | — | | | | — | | | | 10.69 | | | | 0.47 | (5) | | | 10 | | | | 0.78 | (6) | | | 0.78 | (6) | | | (0.78 | )(6) | | | 53 | |
SDR | | | 11.02 | | | | 0.16 | | | | (0.33 | )(10) | | | (0.17 | ) | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 10.70 | | | | (1.54 | ) | | | 64,263 | | | | 1.07 | | | | 0.79 | | | | 1.54 | | | | 53 | |
|
| Hartford Schroders Securitized Income Fund | |
| | | | |
For the Year Ended October 31, 2020 | | | | | | | | | | | | | | | | | |
A | | $ | 10.06 | | | $ | 0.21 | | | $ | (0.25 | ) | | $ | (0.04 | ) | | $ | (0.22 | ) | | $ | (0.01 | ) | | $ | — | | | $ | (0.23 | ) | | $ | 9.79 | | | | (0.41 | )% | | $ | 5,553 | | | | 1.54 | %(11) | | | 1.10 | %(12)(13) | | | 2.12 | %(14) | | | 78 | % |
C(15) | | | 10.12 | | | | 0.04 | | | | (0.31 | ) | | | (0.27 | ) | | | (0.06 | ) | | | — | | | | — | | | | (0.06 | ) | | | 9.79 | | | | (2.64 | )(5) | | | 443 | | | | 2.52 | (6)(11) | | | 2.29 | (6)(12)(13) | | | 0.55 | (6)(14) | | | 78 | |
I | | | 10.06 | | | | 0.19 | | | | (0.23 | ) | | | (0.04 | ) | | | (0.22 | ) | | | (0.01 | ) | | | — | | | | (0.23 | ) | | | 9.79 | | | | (0.42 | ) | | | 65,636 | | | | 1.34 | (11) | | | 1.12 | (12)(13) | | | 1.94 | (14) | | | 78 | |
Y | | | 10.06 | | | | 0.21 | | | | (0.25 | ) | | | (0.04 | ) | | | (0.22 | ) | | | (0.01 | ) | | | — | | | | (0.23 | ) | | | 9.79 | | | | (0.36 | ) | | | 3,571 | | | | 1.29 | (11) | | | 1.07 | (12)(13) | | | 2.20 | (14) | | | 78 | |
F | | | 10.05 | | | | 0.22 | | | | (0.26 | ) | | | (0.04 | ) | | | (0.22 | ) | | | (0.01 | ) | | | — | | | | (0.23 | ) | | | 9.78 | | | | (0.34 | ) | | | 2,035 | | | | 1.28 | (11) | | | 1.06 | (12)(13) | | | 2.25 | (14) | | | 78 | |
SDR | | | 10.05 | | | | 0.23 | | | | (0.26 | ) | | | (0.03 | ) | | | (0.23 | ) | | | (0.01 | ) | | | — | | | | (0.24 | ) | | | 9.78 | | | | (0.31 | ) | | | 16,688 | | | | 1.28 | (11) | | | 1.07 | (12)(13) | | | 2.32 | (14) | | | 78 | |
| | | | |
For the Year Ended October 31, 2019(16) | | | | | | | | | | | | | | | | | |
A | | $ | 10.00 | | | $ | 0.17 | | | $ | 0.03 | | | $ | 0.20 | | | $ | (0.14 | ) | | $ | — | | | $ | — | | | $ | (0.14 | ) | | $ | 10.06 | | | | 2.04 | %(5) | | $ | 3,571 | | | | 1.58 | %(6)(17) | | | 1.00 | %(6)(18)(12) | | | 2.49 | %(6)(19) | | | 35 | % |
I | | | 10.00 | | | | 0.17 | | | | 0.04 | | | | 0.21 | | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 10.06 | | | | 2.09 | (5) | | | 4,633 | | | | 1.33 | (6)(17) | | | 0.96 | (6)(18)(12) | | | 2.52 | (6)(19) | | | 35 | |
Y | | | 10.00 | | | | 0.17 | | | | 0.04 | | | | 0.21 | | | | (0.15 | ) | | | — | | | | — | | | | (0.15 | ) | | | 10.06 | | | | 2.13 | (5) | | | 3,583 | | | | 1.27 | (6)(17) | | | 0.91 | (6)(18)(12) | | | 2.58 | (6)(19) | | | 35 | |
F | | | 10.00 | | | | 0.18 | | | | 0.03 | | | | 0.21 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 10.05 | | | | 2.06 | (5) | | | 2,544 | | | | 1.26 | (6)(17) | | | 0.89 | (6)(18)(12) | | | 2.61 | (6)(19) | | | 35 | |
SDR | | | 10.00 | | | | 0.17 | | | | 0.04 | | | | 0.21 | | | | (0.16 | ) | | | — | | | | — | | | | (0.16 | ) | | | 10.05 | | | | 2.19 | (5) | | | 80,616 | | | | 1.24 | (6)(17) | | | 0.86 | (6)(18)(12) | | | 2.55 | (6)(19) | | | 35 | |
|
| Hartford Schroders Tax-Aware Bond Fund(20) | |
| | | | |
For the Year Ended October 31, 2020 | | | | | | | | | | | | | | | | | |
A | | $ | 11.34 | | | $ | 0.16 | | | $ | 0.32 | | | $ | 0.48 | | | $ | (0.17 | ) | | $ | (0.23 | ) | | $ | — | | | $ | (0.40 | ) | | $ | 11.42 | | | | 4.31 | % | | $ | 56,486 | | | | 0.82 | % | | | 0.71 | % | | | 1.39 | % | | | 186 | % |
C | | | 11.34 | | | | 0.06 | | | | 0.33 | | | | 0.39 | | | | (0.06 | ) | | | (0.23 | ) | | | — | | | | (0.29 | ) | | | 11.44 | | | | 3.53 | | | | 8,731 | | | | 1.61 | | | | 1.55 | | | | 0.56 | | | | 186 | |
I | | | 11.34 | | | | 0.18 | | | | 0.34 | | | | 0.52 | | | | (0.20 | ) | | | (0.23 | ) | | | — | | | | (0.43 | ) | | | 11.43 | | | | 4.64 | | | | 283,060 | | | | 0.60 | | | | 0.49 | | | | 1.61 | | | | 186 | |
Y | | | 11.35 | | | | 0.18 | | | | 0.33 | | | | 0.51 | | | | (0.19 | ) | | | (0.23 | ) | | | — | | | | (0.42 | ) | | | 11.44 | | | | 4.56 | | | | 213 | | | | 0.63 | | | | 0.56 | | | | 1.56 | | | | 186 | |
F | | | 11.35 | | | | 0.19 | | | | 0.33 | | | | 0.52 | | | | (0.20 | ) | | | (0.23 | ) | | | — | | | | (0.43 | ) | | | 11.44 | | | | 4.67 | | | | 33,074 | | | | 0.52 | | | | 0.46 | | | | 1.64 | | | | 186 | |
SDR | | | 11.34 | | | | 0.19 | | | | 0.33 | | | | 0.52 | | | | (0.20 | ) | | | (0.23 | ) | | | — | | | | (0.43 | ) | | | 11.43 | | | | 4.68 | | | | 61,878 | | | | 0.52 | | | | 0.46 | | | | 1.66 | | | | 186 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 10.66 | | | $ | 0.23 | | | $ | 0.80 | | | $ | 1.03 | | | $ | (0.23 | ) | | $ | (0.12 | ) | | $ | — | | | $ | (0.35 | ) | | $ | 11.34 | | | | 9.79 | % | | $ | 36,158 | | | | 0.83 | % | | | 0.71 | % | | | 2.08 | % | | | 161 | % |
C | | | 10.65 | | | | 0.14 | | | | 0.80 | | | | 0.94 | | | | (0.13 | ) | | | (0.12 | ) | | | — | | | | (0.25 | ) | | | 11.34 | | | | 8.91 | | | | 7,894 | | | | 1.61 | | | | 1.54 | | | | 1.26 | | | | 161 | |
I | | | 10.67 | | | | 0.26 | | | | 0.79 | | | | 1.05 | | | | (0.26 | ) | | | (0.12 | ) | | | — | | | | (0.38 | ) | | | 11.34 | | | | 9.95 | | | | 209,719 | | | | 0.61 | | | | 0.48 | | | | 2.31 | | | | 161 | |
Y | | | 10.67 | | | | 0.26 | | | | 0.79 | | | | 1.05 | | | | (0.25 | ) | | | (0.12 | ) | | | — | | | | (0.37 | ) | | | 11.35 | | | | 9.98 | | | | 204 | | | | 0.60 | | | | 0.53 | | | | 2.31 | | | | 161 | |
F | | | 10.67 | | | | 0.26 | | | | 0.80 | | | | 1.06 | | | | (0.26 | ) | | | (0.12 | ) | | | — | | | | (0.38 | ) | | | 11.35 | | | | 10.06 | | | | 20,569 | | | | 0.53 | | | | 0.46 | | | | 2.33 | | | | 161 | |
SDR | | | 10.66 | | | | 0.26 | | | | 0.80 | | | | 1.06 | | | | (0.26 | ) | | | (0.12 | ) | | | — | | | | (0.38 | ) | | | 11.34 | | | | 10.08 | | | | 60,005 | | | | 0.53 | | | | 0.46 | | | | 2.38 | | | | 161 | |
| | | | |
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 | |
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(20) – (continued) | |
| | | | |
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(8) | | | 10.93 | | | | 0.14 | | | | 0.17 | | | | 0.31 | | | | (0.14 | ) | | | — | | | | — | | | | (0.14 | ) | | | 11.10 | | | | 2.85 | (5) | | | 2,377 | | | | 0.53 | (6) | | | 0.46 | (6) | | | 1.96 | (6) | | | 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 | )(5) | | | 10 | | | | 1.46 | (6) | | | 1.45 | (6) | | | 1.47 | (6) | | | 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 | )(5) | | | 10 | | | | 0.46 | (6) | | | 0.45 | (6) | | | 2.56 | (6) | | | 42 | |
SDR | | | 11.23 | | | | 0.01 | | | | (0.02 | ) | | | (0.01 | ) | | | (0.02 | ) | | | — | | | | — | | | | (0.02 | ) | | | 11.20 | | | | (0.08 | ) | | | 66,275 | | | | 0.47 | | | | 0.46 | | | | 4.71 | | | | 42 | |
|
| Hartford Schroders US MidCap Opportunities Fund(20) | |
| | | | |
For the Year Ended October 31, 2020 | | | | | | | | | | | | | | | | | |
A | | $ | 15.01 | | | $ | 0.01 | | | $ | (0.35 | ) | | $ | (0.34 | ) | | $ | 0.00 | (7) | | $ | (0.10 | ) | | $ | — | | | $ | (0.10 | ) | | $ | 14.57 | | | | (2.25 | )% | | $ | 71,370 | | | | 1.18 | % | | | 1.18 | % | | | 0.06 | % | | | 53 | % |
C | | | 15.21 | | | | (0.10 | ) | | | (0.34 | ) | | | (0.44 | ) | | | — | | | | (0.10 | ) | | | — | | | | (0.10 | ) | | | 14.67 | | | | (2.90 | ) | | | 43,785 | | | | 1.92 | | | | 1.92 | | | | (0.67 | ) | | | 53 | |
I | | | 15.63 | | | | 0.05 | | | | (0.35 | ) | | | (0.30 | ) | | | (0.04 | ) | | | (0.10 | ) | | | — | | | | (0.14 | ) | | | 15.19 | | | | (1.92 | ) | | | 352,667 | | | | 0.90 | | | | 0.90 | | | | 0.35 | | | | 53 | |
R3 | | | 15.41 | | | | (0.04 | ) | | | (0.35 | ) | | | (0.39 | ) | | | — | | | | (0.10 | ) | | | — | | | | (0.10 | ) | | | 14.92 | | | | (2.54 | ) | | | 975 | | | | 1.53 | | | | 1.53 | | | | (0.28 | ) | | | 53 | |
R4 | | | 15.53 | | | | 0.00 | (7) | | | (0.35 | ) | | | (0.35 | ) | | | — | | | | (0.10 | ) | | | — | | | | (0.10 | ) | | | 15.08 | | | | (2.26 | ) | | | 567 | | | | 1.23 | | | | 1.23 | | | | 0.01 | | | | 53 | |
R5 | | | 15.60 | | | | 0.05 | | | | (0.35 | ) | | | (0.30 | ) | | | (0.04 | ) | | | (0.10 | ) | | | — | | | | (0.14 | ) | | | 15.16 | | | | (1.96 | ) | | | 1,229 | | | | 0.93 | | | | 0.93 | | | | 0.31 | | | | 53 | |
Y | | | 15.63 | | | | 0.05 | | | | (0.35 | ) | | | (0.30 | ) | | | (0.05 | ) | | | (0.10 | ) | | | — | | | | (0.15 | ) | | | 15.18 | | | | (1.93 | ) | | | 77,493 | | | | 0.91 | | | | 0.90 | | | | 0.34 | | | | 53 | |
F | | | 15.64 | | | | 0.06 | | | | (0.34 | ) | | | (0.28 | ) | | | (0.06 | ) | | | (0.10 | ) | | | — | | | | (0.16 | ) | | | 15.20 | | | | (1.82 | ) | | | 55,554 | | | | 0.81 | | | | 0.81 | | | | 0.42 | | | | 53 | |
SDR | | | 15.67 | | | | 0.07 | | | | (0.35 | ) | | | (0.28 | ) | | | (0.06 | ) | | | (0.10 | ) | | | — | | | | (0.16 | ) | | | 15.23 | | | | (1.81 | ) | | | 37,895 | | | | 0.81 | | | | 0.81 | | | | 0.45 | | | | 53 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 13.68 | | | $ | 0.02 | | | $ | 1.58 | | | $ | 1.60 | | | $ | — | | | $ | (0.27 | ) | | $ | — | | | $ | (0.27 | ) | | $ | 15.01 | | | | 12.12 | % | | $ | 87,831 | | | | 1.27 | % | | | 1.27 | % | | | 0.14 | % | | | 39 | % |
C | | | 13.97 | | | | (0.09 | ) | | | 1.60 | | | | 1.51 | | | | — | | | | (0.27 | ) | | | — | | | | (0.27 | ) | | | 15.21 | | | | 11.29 | | | | 60,195 | | | | 2.02 | | | | 2.02 | | | | (0.61 | ) | | | 39 | |
I | | | 14.24 | | | | 0.06 | | | | 1.64 | | | | 1.70 | | | | (0.04 | ) | | | (0.27 | ) | | | — | | | | (0.31 | ) | | | 15.63 | | | | 12.41 | | | | 496,725 | | | | 1.00 | | | | 1.00 | | | | 0.42 | | | | 39 | |
R3 | | | 14.09 | | | | (0.04 | ) | | | 1.63 | | | | 1.59 | | | | — | | | | (0.27 | ) | | | — | | | | (0.27 | ) | | | 15.41 | | | | 11.69 | | | | 1,423 | | | | 1.62 | | | | 1.62 | | | | (0.25 | ) | | | 39 | |
R4 | | | 14.17 | | | | 0.01 | | | | 1.64 | | | | 1.65 | | | | (0.02 | ) | | | (0.27 | ) | | | — | | | | (0.29 | ) | | | 15.53 | | | | 12.09 | | | | 627 | | | | 1.32 | | | | 1.32 | | | | 0.09 | | | | 39 | |
R5 | | | 14.24 | | | | 0.06 | | | | 1.62 | | | | 1.68 | | | | (0.05 | ) | | | (0.27 | ) | | | — | | | | (0.32 | ) | | | 15.60 | | | | 12.32 | | | | 1,476 | | | | 1.02 | | | | 1.02 | | | | 0.39 | | | | 39 | |
Y | | | 14.24 | | | | 0.07 | | | | 1.64 | | | | 1.71 | | | | (0.05 | ) | | | (0.27 | ) | | | — | | | | (0.32 | ) | | | 15.63 | | | | 12.50 | | | | 116,557 | | | | 0.97 | | | | 0.95 | | | | 0.44 | | | | 39 | |
F | | | 14.25 | | | | 0.07 | | | | 1.64 | | | | 1.71 | | | | (0.05 | ) | | | (0.27 | ) | | | — | | | | (0.32 | ) | | | 15.64 | | | | 12.52 | | | | 54,955 | | | | 0.91 | | | | 0.91 | | | | 0.48 | | | | 39 | |
SDR | | | 14.28 | | | | 0.07 | | | | 1.64 | | | | 1.71 | | | | (0.05 | ) | | | (0.27 | ) | | | — | | | | (0.32 | ) | | | 15.67 | | | | 12.49 | | | | 82,604 | | | | 0.91 | | | | 0.91 | | | | 0.48 | | | | 39 | |
| | | | |
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 | |
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 MidCap Opportunities Fund(20) – (continued) | |
| | | | |
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(8) | | | 13.63 | | | | 0.01 | | | | 0.89 | | | | 0.90 | | | | — | | | | — | | | | — | | | | — | | | | 14.53 | | | | 6.60 | (5) | | | 8,436 | | | | 0.91 | (6) | | | 0.90 | (6) | | | 0.14 | (6) | | | 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 | (10) | | $ | 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 | )(5) | | | 10 | | | | 1.86 | (6) | | | 1.86 | (6) | | | (1.49 | )(6) | | | 72 | |
I | | | 12.74 | | | | 0.05 | | | | 0.92 | (10) | | | 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 | )(5) | | | 10 | | | | 1.54 | (6) | | | 1.54 | (6) | | | (1.18 | )(6) | | | 72 | |
R4(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(5) | | | 10 | | | | 1.25 | (6) | | | 1.25 | (6) | | | (0.89 | )(6) | | | 72 | |
R5(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(5) | | | 10 | | | | 0.97 | (6) | | | 0.97 | (6) | | | (0.57 | )(6) | | | 72 | |
Y(9) | | | 12.49 | | | | — | | | | (0.07 | ) | | | (0.07 | ) | | | — | | | | — | | | | — | | | | — | | | | 12.42 | | | | (0.56 | )(5) | | | 10 | | | | 0.86 | (6) | | | 0.86 | (6) | | | (0.49 | )(6) | | | 72 | |
SDR | | | 12.76 | | | | 0.06 | | | | 0.92 | (10) | | | 0.98 | | | | (0.01 | ) | | | (1.29 | ) | | | — | | | | (1.30 | ) | | | 12.44 | | | | 8.77 | | | | 5,111 | | | | 1.33 | | | | 0.88 | | | | 0.47 | | | | 72 | |
|
| Hartford Schroders US Small Cap Opportunities Fund(20) | |
|
For the Year Ended October 31, 2020 | |
A | | $ | 25.69 | | | $ | 0.01 | | | $ | (1.19 | ) | | $ | (1.18 | ) | | $ | (0.02 | ) | | $ | (1.29 | ) | | $ | — | | | $ | (1.31 | ) | | $ | 23.20 | | | | (5.02 | )% | | $ | 23,897 | | | | 1.42 | % | | | 1.35 | % | | | 0.06 | % | | | 47 | % |
C | | | 26.23 | | | | (0.16 | ) | | | (1.24 | ) | | | (1.40 | ) | | | — | | | | (1.29 | ) | | | — | | | | (1.29 | ) | | | 23.54 | | | | (5.77 | ) | | | 6,957 | | | | 2.17 | | | | 2.10 | | | | (0.67 | ) | | | 47 | |
I | | | 27.00 | | | | 0.09 | | | | (1.27 | ) | | | (1.18 | ) | | | (0.08 | ) | | | (1.29 | ) | | | — | | | | (1.37 | ) | | | 24.45 | | | | (4.78 | ) | | | 144,885 | | | | 1.11 | | | | 1.05 | | | | 0.38 | | | | 47 | |
R3 | | | 26.71 | | | | (0.07 | ) | | | (1.24 | ) | | | (1.31 | ) | | | — | | | | (1.29 | ) | | | — | | | | (1.29 | ) | | | 24.11 | | | | (5.31 | ) | | | 242 | | | | 1.73 | | | | 1.64 | | | | (0.30 | ) | | | 47 | |
R4 | | | 26.93 | | | | 0.02 | | | | (1.27 | ) | | | (1.25 | ) | | | (0.04 | ) | | | (1.29 | ) | | | — | | | | (1.33 | ) | | | 24.35 | | | | (5.04 | ) | | | 194 | | | | 1.43 | | | | 1.35 | | | | 0.08 | | | | 47 | |
R5 | | | 26.98 | | | | 0.06 | | | | (1.23 | ) | | | (1.17 | ) | | | (0.08 | ) | | | (1.29 | ) | | | — | | | | (1.37 | ) | | | 24.44 | | | | (4.78 | ) | | | 293 | | | | 1.13 | | | | 1.05 | | | | 0.25 | | | | 47 | |
Y | | | 27.00 | | | | 0.09 | | | | (1.26 | ) | | | (1.17 | ) | | | (0.08 | ) | | | (1.29 | ) | | | — | | | | (1.37 | ) | | | 24.46 | | | | (4.74 | ) | | | 23,531 | | | | 1.12 | | | | 1.05 | | | | 0.39 | | | | 47 | |
F | | | 27.03 | | | | 0.10 | | | | (1.25 | ) | | | (1.15 | ) | | | (0.10 | ) | | | (1.29 | ) | | | — | | | | (1.39 | ) | | | 24.49 | | | | (4.68 | ) | | | 10,407 | | | | 1.01 | | | | 0.95 | | | | 0.41 | | | | 47 | |
SDR | | | 27.06 | | | | 0.08 | | | | (1.23 | ) | | | (1.15 | ) | | | (0.10 | ) | | | (1.29 | ) | | | — | | | | (1.39 | ) | | | 24.52 | | | | (4.66 | ) | | | 23,538 | | | | 1.01 | | | | 0.95 | | | | 0.36 | | | | 47 | |
| | | | |
For the Year Ended October 31, 2019 | | | | | | | | | | | | | | | | | |
A | | $ | 25.55 | | | $ | 0.02 | | | $ | 2.38 | | | $ | 2.40 | | | $ | (0.01 | ) | | $ | (2.25 | ) | | $ | — | | | $ | (2.26 | ) | | $ | 25.69 | | | | 11.21 | % | | $ | 20,928 | | | | 1.43 | % | | | 1.35 | % | | | 0.07 | % | | | 45 | % |
C | | | 26.20 | | | | (0.16 | ) | | | 2.44 | | | | 2.28 | | | | — | | | | (2.25 | ) | | | — | | | | (2.25 | ) | | | 26.23 | | | | 10.43 | | | | 7,096 | | | | 2.18 | | | | 2.10 | | | | (0.65 | ) | | | 45 | |
I | | | 26.71 | | | | 0.10 | | | | 2.50 | | | | 2.60 | | | | (0.06 | ) | | | (2.25 | ) | | | — | | | | (2.31 | ) | | | 27.00 | | | | 11.59 | | | | 140,024 | | | | 1.11 | | | | 1.04 | | | | 0.40 | | | | 45 | |
R3 | | | 26.53 | | | | (0.05 | ) | | | 2.48 | | | | 2.43 | | | | — | | | | (2.25 | ) | | | — | | | | (2.25 | ) | | | 26.71 | | | | 10.90 | | | | 111 | | | | 1.74 | | | | 1.63 | | | | (0.21 | ) | | | 45 | |
R4 | | | 26.68 | | | | — | | | | 2.54 | | | | 2.54 | | | | (0.04 | ) | | | (2.25 | ) | | | — | | | | (2.29 | ) | | | 26.93 | | | | 11.33 | | | | 259 | | | | 1.44 | | | | 1.31 | | | | (0.01 | ) | | | 45 | |
R5 | | | 26.70 | | | | 0.08 | | | | 2.51 | | | | 2.59 | | | | (0.06 | ) | | | (2.25 | ) | | | — | | | | (2.31 | ) | | | 26.98 | | | | 11.56 | | | | 78 | | | | 1.12 | | | | 1.05 | | | | 0.31 | | | | 45 | |
Y | | | 26.73 | | | | 0.11 | | | | 2.50 | | | | 2.61 | | | | (0.09 | ) | | | (2.25 | ) | | | — | | | | (2.34 | ) | | | 27.00 | | | | 11.62 | | | | 25,883 | | | | 1.08 | | | | 1.01 | | | | 0.43 | | | | 45 | |
F | | | 26.74 | | | | 0.12 | | | | 2.51 | | | | 2.63 | | | | (0.09 | ) | | | (2.25 | ) | | | — | | | | (2.34 | ) | | | 27.03 | | | | 11.69 | | | | 4,483 | | | | 1.02 | | | | 0.95 | | | | 0.47 | | | | 45 | |
SDR | | | 26.78 | | | | 0.13 | | | | 2.49 | | | | 2.62 | | | | (0.09 | ) | | | (2.25 | ) | | | — | | | | (2.34 | ) | | | 27.06 | | | | 11.67 | | | | 11,328 | | | | 1.02 | | | | 0.95 | | | | 0.50 | | | | 45 | |
| | | | |
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 | |
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(20) – (continued) | |
| | | | |
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(8) | | | 26.78 | | | | 0.02 | | | | 2.35 | | | | 2.37 | | | | — | | | | — | | | | — | | | | — | | | | 29.15 | | | | 8.85 | (5) | | | 1,256 | | | | 1.00 | (6) | | | 0.96 | (6) | | | 0.10 | (6) | | | 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 | |
| | | | |
For the Year Ended October 31, 2016 | | | | | | | | | | | | | | | | | |
A | | $ | 24.46 | | | $ | 0.03 | | | $ | 1.14 | | | $ | 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 | )(5) | | | 10 | | | | 1.90 | (6) | | | 1.90 | (6) | | | (1.70 | )(6) | | | 51 | |
I | | | 25.25 | | | | 0.08 | | | | 1.19 | | | | 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 | )(5) | | | 10 | | | | 1.59 | (6) | | | 1.59 | (6) | | | (1.39 | )(6) | | | 51 | |
R4(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(5) | | | 10 | | | | 1.31 | (6) | | | 1.31 | (6) | | | (1.10 | )(6) | | | 51 | |
R5(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(5) | | | 10 | | | | 1.02 | (6) | | | 1.02 | (6) | | | (0.80 | )(6) | | | 51 | |
Y(9) | | | 24.96 | | | | — | | | | (0.29 | ) | | | (0.29 | ) | | | — | | | | — | | | | — | | | | — | | | | 24.67 | | | | (1.16 | )(5) | | | 10 | | | | 0.91 | (6) | | | 0.91 | (6) | | | (0.70 | )(6) | | | 51 | |
SDR | | | 25.25 | | | | 0.12 | | | | 1.19 | | | | 1.31 | | | | — | | | | (1.85 | ) | | | — | | | | (1.85 | ) | | | 24.71 | | | | 5.74 | | | | 6,806 | | | | 1.26 | | | | 1.02 | | | | 0.50 | | | | 51 | |
| (1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
| (2) | Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account. |
| (3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
| (4) | Commenced operations on March 31, 2020. |
| (7) | Amount is less than $0.01 per share. |
| (8) | Commenced operations on February 28, 2017. |
| (9) | Commenced operations on October 24, 2016. |
| (10) | Includes redemption fees. Amount was less than $0.01 per share. |
| (11) | The ratio of expenses before adjustments to average net assets excluding interest expense for the year ended October 31, 2020 was 1.18%, 2.16%, 0.97%, 0.92%, 0.92% and 0.92% for Class A, Class C, Class I, Class Y, Class F and Class SDR, respectively. |
| (12) | Includes the impact of certain non-contractual waivers. Please see the fee table in the Fund’s prospectus for the Fund’s estimated total annual fund operating expenses (before and after contractual waivers and/or reimbursements). |
| (13) | The ratio of expenses after adjustments to average net assets excluding interest expense for the year ended October 31, 2020 was 0.74%, 1.93%, 0.76%, 0.71%, 0.70% and 0.70% for Class A, Class C, Class I, Class Y, Class F and Class SDR, respectively. This includes the impact of certain non-contractual waivers. |
| (14) | The ratio of net investment income to average net assets excluding interest expense for the year ended October 31, 2020 was 2.48%, 0.91%, 2.30%, 2.56%, 2.61% and 2.69% for Class A, Class C, Class I, Class Y, Class F and Class SDR, respectively. |
| (15) | Commenced operations on February 28, 2020. |
| (16) | Commenced operations on February 28, 2019. |
| (17) | The ratio of expenses before adjustments to average net assets excluding interest expense for the period February 28, 2019 through October 31, 2019 was 1.39%, 1.14%, 1.09%, 1.07% and 1.07% for Class A, Class I, Class Y, Class F and Class SDR, respectively. |
| (18) | The ratio of expenses after adjustments to average net assets excluding interest expense for the period February 28, 2019 through October 31, 2019 was 0.79%, 0.76%, 0.70%, 0.68% and 0.70% for Class A, Class I, Class Y, Class F and Class SDR, respectively. This includes the impact of certain non-contractual waivers. |
| (19) | The ratio of net investment income to average net assets excluding interest expense for the period February 28, 2019 through October 31, 2019 was 2.68%, 2.71%, 2.77%, 2.81% and 2.71% for Class A, Class I, Class Y, Class F and Class SDR, respectively. |
| (20) | 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. |
The accompanying notes are an integral part of these financial statements.
Notes to Financial Statements
October 31, 2020
The Hartford Mutual Funds II, Inc. (the “Company”) is an open-end registered management investment company comprised of fourteen series, as of October 31, 2020. 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 China A Fund (the “China A Fund”)
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 International Multi-Cap Value Fund (the “International Multi-Cap Value Fund”)
Hartford Schroders International Stock Fund (the “International Stock Fund”)
Hartford Schroders Securitized Income Fund (the “Securitized Income Fund”)
Hartford Schroders Tax-Aware Bond Fund (the “Tax-Aware Bond Fund”)
Hartford Schroders US MidCap Opportunities Fund (the “US MidCap Opportunities Fund”)
Hartford Schroders US Small Cap Opportunities Fund (the “US Small 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 China A Fund and Emerging Markets Multi-Sector Bond Fund, is a diversified open-end management investment company. China A Fund and Emerging Markets Multi-Sector Bond Fund are each a non-diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification-Topic 946, “Financial Services – Investment Companies”.
The China A Fund commenced operations on March 31, 2020. Each Fund has registered for sale Class A, Class C, Class I, Class Y, Class F and Class SDR shares. In addition, each Fund, except China A Fund, Securitized Income Fund and Tax-Aware Bond Fund, has registered for sale Class R3, Class R4 and Class R5 shares. Effective February 28, 2020, Class C of the Securitized Income Fund commenced operations. Class A shares of each Fund, except Emerging Markets Multi-Sector Bond Fund, Securitized Income Fund and Tax-Aware Bond Fund, are sold with a front-end sales charge of up to 5.50%. Class A shares of Emerging Markets Multi-Sector Bond Fund and Tax-Aware Bond Fund are sold with a front-end sales charge of up to 4.50%. Class A shares of Securitized Income Fund are sold with a front-end sales charge of up to 3.00%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, 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 (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV for each class of each Fund’s shares is determined by dividing the value of the Fund’s net assets attributable to the shares by the number of shares outstanding. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
| | b) | Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions. |
Notes to Financial Statements – (continued)
October 31, 2020
If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.
Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.
Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.
Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.
Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
| | • | | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
| | • | | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate 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. |
Notes to Financial Statements – (continued)
October 31, 2020
| | • | | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.
| | c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
The trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. The trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.
Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Paydown gains and losses on mortgage-related and other asset-backed securities are included in interest income in the Statements of Operations, as applicable.
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.
Please refer to Note 8 for Securities Lending information.
| | d) | Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends and interest from securities in which a Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized or unrealized gain (loss) on investments in these securities, if applicable. |
| | e) | Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. |
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 |
Notes to Financial Statements – (continued)
October 31, 2020
| | on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund. |
Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.
Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of China A Fund, Emerging Markets Equity Fund, International Stock Fund, US MidCap Opportunities Fund and US Small Cap Opportunities Fund is to pay dividends from net investment income and realized gains, if any, at least once a year. The policy of Securitized Income 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) | Cash Flow Information – The Securitized Income Fund has included a Statement of Cash Flows, which provides additional information on cash receipts and cash payments, as a result of its significant investments in reverse repurchase agreements throughout the year. Cash may include domestic and foreign currency as well as restricted cash held at brokers. |
| 3. | Securities and Other Investments: |
| | a) | Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments. |
| | b) | Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and a Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of October 31, 2020. |
In connection with a Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage-backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage-backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. These transactions are excluded from a Fund’s portfolio turnover rate. See each Fund’s Schedule of Investments, if applicable, for TBA commitments as of October 31, 2020.
| | c) | 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 |
Notes to Financial Statements – (continued)
October 31, 2020
| | volatility of a mortgage-related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage-related securities is guaranteed by the full faith and credit of the United States Government. Mortgage-related and other asset-backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund’s Schedule of Investments, if applicable, for mortgage-related and other asset-backed securities as of October 31, 2020. |
| | d) | Inflation-Indexed Bonds – A Fund may invest in inflation-indexed bonds. Inflation-indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income on the Statements of Operations, even though investors do not receive the principal amount until maturity. See each Fund’s Schedule of Investments, if applicable, for inflation-indexed bonds as of October 31, 2020. |
| | e) | Reverse Repurchase Agreements – Reverse repurchase agreements involve the sale of securities held by a Fund with an agreement to repurchase the securities at an agreed-upon price, date and interest payment. Reverse repurchase agreements carry the risk that the market value of the securities that a Fund is obligated to repurchase may decline below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of securities. The use of reverse repurchase agreements may increase the possibility of fluctuation in a Fund’s net asset value. |
For the year ended October 31, 2020, Securitized Income Fund had used Reverse Repurchase Agreements.
For the year ended October 31, 2020, the Securitized Income Fund had an outstanding reverse repurchase agreement balance for 366 days. The average amount of borrowings was $17,582,746 and the annualized weighted average interest rate was 10.83% during the period end.
The following table summarizes open reverse repurchase agreements by counterparty which are subject to offset under a master repurchase agreement (“MRA”) and net of the related collateral received/pledged by the Securitized Income Fund as of October 31, 2020:
| | | | | | | | | | | | |
Counterparty | | Reverse
Repurchase
Agreement | | | Collateral
Pledged1 | | | Net
Amount2 | |
JP Morgan Chase Bank | | $ | 19,532,637 | | | $ | (19,532,637 | ) | | $ | — | |
Merrill Lynch Mortgage Investors Trust | | | 11,390,876 | | | | (11,390,876 | ) | | | — | |
| | | | | | | | | | | | |
Total | | $ | 30,923,513 | | | $ | (30,923,513 | ) | | $ | — | |
| | | | | | | | | | | | |
| | 1 | Collateral with a value of $37,177,244 has been pledged in connection with open reverse repurchase agreements. In some instances, the actual collateral pledged may be more than the amount shown here due to overcollateralization. |
| | 2 | Net amount represents the net amount payable due to the counterparty in the event of default. |
| 4. | Financial Derivative Instruments: |
The following disclosures contain information on how and why a Fund may use derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect a Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statements of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statements of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedules of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statements of Operations.
| | a) | Foreign Currency Contracts – A Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts may be used in connection with settling purchases or sales of securities to hedge the currency exposure associated with some or all of a Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by a Fund as an unrealized gain or loss. A Fund will record a realized gain or loss when the foreign currency contract is settled. |
Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.
During the year ended October 31, 2020, each of Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, International Multi-Cap Value Fund and Securitized Income Fund had used Foreign Currency Contracts.
Notes to Financial Statements – (continued)
October 31, 2020
| | b) | Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily and an appropriate amount equal to the change in value (“variation margin”) is paid or received by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities. |
During the year ended October 31, 2020, each of Emerging Markets Multi-Sector Bond Fund, International Multi-Cap Value Fund, Securitized Income Fund, Tax-Aware Bond Fund and US MidCap Opportunities Fund had used Futures Contracts.
| | c) | Swap Contracts – A Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared through a central counterparty or derivatives clearing organization (“centrally cleared swaps”). A Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency. |
Swaps are valued in accordance with the Valuation Procedures. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statements of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statements of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swaps. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.
Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).
A Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between a Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statements of Assets and Liabilities, as applicable) as well as the posting of collateral to a Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while a Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. However, the Fund is still exposed to a certain amount of counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.
Credit Default Swap Contracts – The credit default swap market allows a Fund to manage credit risk through buying and selling credit protection on a specific issuer, asset or basket of assets. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.
Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statements of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy,
Notes to Financial Statements – (continued)
October 31, 2020
failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedules of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.
During the year ended October 31, 2020, the Emerging Markets Multi-Sector Bond Fund had used Credit Default Swaps.
| | d) | Additional Derivative Instrument Information: |
Emerging Markets Equity Fund
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on foreign currency contracts | | $ | — | | | $ | (13,368 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (13,368 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (13,368 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (13,368 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 126,458 | |
Emerging Markets Multi-Sector Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized appreciation on foreign currency contracts | | $ | — | | | $ | 142,647 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 142,647 | |
Unrealized appreciation on swap contracts | | | — | | | | — | | | | 2,062 | | | | — | | | | — | | | | — | | | | 2,062 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 142,647 | | | $ | 2,062 | | | $ | — | | | $ | — | | | $ | — | | | $ | 144,709 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | $ | — | | | $ | 57,120 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 57,120 | |
Unrealized depreciation on swap contracts(1) | | | — | | | | — | | | | 63,129 | | | | — | | | | — | | | | — | | | | 63,129 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 57,120 | | | $ | 63,129 | | | $ | — | | | $ | — | | | $ | — | | | $ | 120,249 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable. |
Notes to Financial Statements – (continued)
October 31, 2020
Emerging Markets Multi-Sector Bond Fund – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | (219,087 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (219,087 | ) |
Net realized gain (loss) on swap contracts | | | — | | | | — | | | | (67,912 | ) | | | — | | | | — | | | | — | | | | (67,912 | ) |
Net realized gain (loss) on foreign currency contracts | | | — | | | | (631,007 | ) | | | — | | | | — | | | | — | | | | — | | | | (631,007 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | (219,087 | ) | | $ | (631,007 | ) | | $ | (67,912 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (918,006 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | 6,047 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,047 | |
Net change in unrealized appreciation (depreciation) of swap contracts | | | — | | | | — | | | | (61,732 | ) | | | — | | | | — | | | | — | | | | (61,732 | ) |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | 549,106 | | | | — | | | | — | | | | — | | | | — | | | | 549,106 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 6,047 | | | $ | 549,106 | | | $ | (61,732 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | 493,421 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 2 | |
Futures Contracts Short at Number of Contracts | | | (4 | ) |
Swap Contracts at Notional Amount | | $ | 5,829,167 | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 14,988,846 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 11,683,660 | |
International Multi-Cap Value Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized appreciation on foreign currency contracts | | $ | — | | | $ | 79,148 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 79,148 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 79,148 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 79,148 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | $ | — | | | $ | 881,902 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 881,902 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 881,902 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 881,902 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | — | | | $ | — | | | $ | (2,639,875 | ) | | $ | — | | | $ | — | | | $ | (2,639,875 | ) |
Net realized gain (loss) on foreign currency contracts | | | — | | | | (1,545,852 | ) | | | — | | | | — | | | | — | | | | — | | | | (1,545,852 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (1,545,852 | ) | | $ | — | | | $ | (2,639,875 | ) | | $ | — | | | $ | — | | | $ | (4,185,727 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | $ | — | | | $ | (703,726 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (703,726 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (703,726 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (703,726 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
International Multi-Cap Value Fund – (continued)
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 14 | |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 7,710,968 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 49,415,698 | |
Securitized Income Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized appreciation on foreign currency contracts | | $ | — | | | $ | 15,225 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 15,225 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 15,225 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 15,225 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized depreciation on foreign currency contracts | | $ | — | | | $ | 20,040 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 20,040 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 20,040 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 20,040 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | — | | | $ | (314,298 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (314,298 | ) |
Net realized gain (loss) on foreign currency contracts | | | — | | | | 9,089 | | | | — | | | | — | | | | — | | | | — | | | | 9,089 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | (305,209 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (305,209 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | — | | | $ | 234,239 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 234,239 | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | — | | | | (4,815 | ) | | | — | | | | — | | | | — | | | | — | | | | (4,815 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | — | | | $ | 229,424 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 229,424 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Short at Number of Contracts | | | (58 | ) |
Foreign Currency Contracts Purchased at Contract Amount | | $ | 238,766 | |
Foreign Currency Contracts Sold at Contract Amount | | $ | 1,059,620 | |
Tax-Aware Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unrealized appreciation on futures contracts(1) | | $ | 520,335 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 520,335 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 520,335 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 520,335 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (1) | Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities. |
Notes to Financial Statements – (continued)
October 31, 2020
Tax-Aware Bond Fund – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Risk Exposure Category | |
| | | Interest Rate
Contracts | | | Foreign
Currency
Contracts | | | Credit
Contracts | | | Equity
Contracts | | | Commodity
Contracts | | | Other
Contracts | | | Total | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on futures contracts | | $ | (1,124,168 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (1,124,168 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | (1,124,168 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (1,124,168 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | $ | 493,780 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 493,780 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total | | $ | 493,780 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 493,780 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| | | | |
Derivative Description | | Average Notional
Par, Contracts
or Face Amount | |
Futures Contracts Long at Number of Contracts | | | 35 | |
Futures Contracts Short at Number of Contracts | | | (260 | ) |
| | e) | Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to a Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy. |
The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:
Emerging Markets Multi-Sector Bond Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Foreign currency contracts | | $ | 142,647 | | | $ | (57,120 | ) |
Swap contracts | | | 2,062 | | | | (63,129 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 144,709 | | | | (120,249 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | — | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 144,709 | | | $ | (120,249 | ) |
| | | | | | | | |
Emerging Markets Multi-Sector Bond Fund
| | | | | | | | | | | | | | | | | | | | |
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 | | $ | 32,088 | | | $ | (23,024 | ) | | $ | — | | | $ | — | | | $ | 9,064 | |
JP Morgan Chase & Co. | | | 55,497 | | | | (55,497 | ) | | | — | | | | — | | | | — | |
Morgan Stanley | | | 5,110 | | | | (5,110 | ) | | | — | | | | — | | | | — | |
UBS AG | | | 52,014 | | | | — | | | | — | | | | — | | | | 52,014 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 144,709 | | | $ | (83,631 | ) | | $ | — | | | $ | — | | | $ | 61,078 | |
| | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
Emerging Markets Multi-Sector Bond Fund – (continued)
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Liabilities | | | Financial
Instruments
and Derivatives
Available
for Offset | | | Non-cash
Collateral
Pledged* | | | Cash
Collateral
Pledged* | | | Net Amount
of Liabilities | |
Citibank NA | | $ | (23,024 | ) | | $ | 23,024 | | | $ | — | | | $ | — | | | $ | — | |
JP Morgan Chase & Co. | | | (57,624 | ) | | | 55,497 | | | | — | | | | — | | | | (2,127 | ) |
Morgan Stanley | | | (39,601 | ) | | | 5,110 | | | | — | | | | — | | | | (34,491 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (120,249 | ) | | $ | 83,631 | | | $ | — | | | $ | — | | | $ | (36,618 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | * | 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 | | $ | 79,148 | | | $ | (881,902 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 79,148 | | | | (881,902 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | — | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 79,148 | | | $ | (881,902 | ) |
| | | | | | | | |
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 | |
JP Morgan Chase & Co. | | $ | 79,148 | | | $ | (79,148 | ) | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
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 | | $ | (698,951 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (698,951 | ) |
JP Morgan Chase & Co. | | | (182,951 | ) | | | 79,148 | | | | — | | | | — | | | | (103,803 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (881,902 | ) | | $ | 79,148 | | | $ | — | | | $ | — | | | $ | (802,754 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | * | In some instances, the actual collateral received and/or pledged may be more than the amount shown. |
Securitized Income Fund
| | | | | | | | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Foreign currency contracts | | $ | 15,225 | | | $ | (20,040 | ) |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 15,225 | | | | (20,040 | ) |
| | | | | | | | |
Derivatives not subject to a MNA | | | — | | | | — | |
| | | | | | | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | $ | 15,225 | | | $ | (20,040 | ) |
| | | | | | | | | | | | | | |
Securitized Income Fund
| | | | | | | | | | | | | | | | | | | | |
Counterparty | | Gross Amount
of Assets | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Received* | | | Cash
Collateral
Received* | | | Net Amount
of Assets | |
BNP Paribas Securities Services | | $ | 10,075 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,075 | |
JP Morgan Chase & Co. | | | 5,150 | | | | — | | | | — | | | | — | | | | 5,150 | |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | 15,225 | | | $ | — | | | $ | — | | | $ | — | | | $ | 15,225 | |
| | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
Securitized Income Fund – (continued)
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Counterparty | | Gross Amount
of Liabilities | | | Financial
Instruments
and Derivatives
Available for
Offset | | | Non-cash
Collateral
Pledged* | | | Cash
Collateral
Pledged* | | | Net Amount
of Liabilities | |
Banc of America Securities LLC | | $ | (11,567 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (11,567 | ) |
Barclays | | | (406 | ) | | | — | | | | — | | | | — | | | | (406 | ) |
Citibank NA | | | (776 | ) | | | — | | | | — | | | | — | | | | (776 | ) |
Morgan Stanley | | | (35 | ) | | | — | | | | — | | | | — | | | | (35 | ) |
UBS AG | | | (7,256 | ) | | | — | | | | — | | | | — | | | | (7,256 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total | | $ | (20,040 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | (20,040 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | * | In some instances, the actual collateral received and/or pledged may be more than the amount shown. |
Tax-Aware Bond Fund
| | | | | | | | |
Derivative Financial Instruments: | | Assets | | | Liabilities | |
Futures contracts | | $ | 520,335 | | | $ | — | |
| | | | | | | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | | 520,335 | | | | — | |
| | | | | | | | |
Derivatives not subject to a MNA | | | (520,335 | ) | | | — | |
| | | | | | | | |
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.
A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.
Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to 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
Notes to Financial Statements – (continued)
October 31, 2020
accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.
Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.
As a result of the China A Fund’s focus in China A shares, the Fund may be subject to increased currency, political, economic, social, environmental, regulatory and other risks not typically associated with investing in a larger number of countries or regions. Over the last few decades, the Chinese government has undertaken reform of economic and market practices and has expanded the sphere of private ownership of property in China. Nevertheless, China remains an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. China A shares are equity securities of companies located in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The China A Fund may invest in China A shares through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively, “Stock Connect”). The Shanghai and Shenzhen stock exchanges may close for extended periods for holidays or otherwise, which impacts the Fund’s ability to trade in China A shares during those periods. Trading suspensions in certain stocks and extended market closures could lead to greater market execution risk, valuation risks, liquidity risks, and costs for the Fund. The Fund’s investments in China A shares are generally subject to the laws of the People’s Republic of China (“PRC”), including local securities regulations and listing rules. As a result of different legal standards, the Fund faces the risk of being unable to enforce its rights with respect to its China A shares holdings. Investing in China A shares is subject to trading, clearance, settlement and other procedures, which could pose risks to the Fund. Trading through Stock Connect is currently subject to a daily quota, which may restrict the Fund’s ability to invest in China A shares through Stock Connect on a timely basis and could affect the Fund’s ability to effectively pursue its investment strategy. Stock Connect will only operate on days when both the Chinese and Hong Kong markets are open for trading and when banking services are available in both markets on the corresponding settlement days. Therefore, an investment in China A shares through Stock Connect may subject the Fund to the risk of price fluctuations on days when the Chinese markets are open, but Stock Connect is not trading. If the Fund invests through the Qualified Foreign Institutional Investor or Renminbi Qualified Foreign Institutional Investor systems, it may be subject to additional risks, such as failure to achieve best execution, trading disruption, custody risk and credit loss. In difficult market conditions, the Fund may not be able to sell its investments easily or at all, which could affect Fund performance and the Fund’s liquidity.
Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. A Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.
The Funds may invest in certain debt securities, derivatives or other financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as a “benchmark” or “reference rate” for various interest rate calculations. The use of LIBOR is expected to be phased out by the end of 2021. There remains uncertainty regarding the future use of LIBOR and the nature of any replacement rate. As such, the potential effect of a transition away from LIBOR on a Fund or the LIBOR-based instruments in which the Fund invests cannot yet be determined. The transition process away from LIBOR may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition process may also result in a reduction in the value of certain instruments held by a Fund or reduce the effectiveness of related Fund transactions, such as hedges. Volatility, the potential reduction in value, and/or the hedge effectiveness of financial instruments may be heightened for financial instruments that do not include fallback provisions that address the cessation of LIBOR. Any potential effects of the transition away from LIBOR on the Fund or on financial instruments in which a Fund invests, as well as other unforeseen effects, could result in losses to the Fund. Since the usefulness of LIBOR as a benchmark or reference rate could deteriorate during the transition period, these effects could occur prior to and/or subsequent to the end of 2021.
| | a) | Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes. |
| | b) | Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency |
Notes to Financial Statements – (continued)
October 31, 2020
| | gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund. |
| | c) | Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
Fund | | Tax Exempt
Income | | | Ordinary
Income | | | Long-Term
Capital Gains(1) | | | Tax Return
of Capital | | | Tax Exempt
Income | | | Ordinary
Income | | | Long-Term
Capital Gains(1) | | | Tax Return
of Capital | |
China A Fund | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $
| —
|
| | $
| —
|
| | $
| —
|
| | $
| —
|
|
Emerging Markets Equity Fund | | | — | | | | 85,774,060 | | | | — | | | | — | | | | — | | | | 39,644,839 | | | | — | | | | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | 2,799,007 | | | | — | | | | 819,588 | | | | — | | | | 5,060,463 | | | | — | | | | 449,054 | |
International Multi-Cap Value Fund | | | — | | | | 56,756,679 | | | | — | | | | — | | | | — | | | | 84,909,372 | | | | 18,475,074 | | | | — | |
International Stock Fund | | | — | | | | 5,533,113 | | | | — | | | | — | | | | — | | | | 9,083,992 | | | | 8,985,009 | | | | — | |
Securitized Income Fund | | | — | | | | 1,774,094 | | | | 33,289 | | | | — | | | | — | | | | 896,077 | | | | — | | | | — | |
Tax-Aware Bond Fund | | | 4,164,856 | | | | 6,023,461 | | | | 3,237,898 | | | | — | | | | 3,566,783 | | | | 2,140,618 | | | | 2,272,801 | | | | — | |
US MidCap Opportunities Fund | | | — | | | | 2,157,050 | | | | 6,148,756 | | | | — | | | | — | | | | 7,239,899 | | | | 14,900,220 | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | 1,091,183 | | | | 9,867,740 | | | | — | | | | — | | | | 3,576,104 | | | | 10,972,812 | | | | — | |
| | (1) | The Funds designate these distributions as long-term capital gains pursuant to IRC Sec 852(b)(3)(c). |
As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Tax Exempt
Income | | | Undistributed
Ordinary
Income | | | Undistributed
Long-Term
Capital Gain | | | Accumulated
Capital and
Other Losses | | | Other
Temporary
Differences | | | Unrealized
Appreciation
(Depreciation) on
Investments | | | Total
Accumulated
Earnings
(Deficit) | |
China A Fund | | $ | — | | | $ | 816,256 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,737,493 | | | $ | 2,553,749 | |
Emerging Markets Equity Fund | | | — | | | | 43,121,385 | | | | — | | | | (425,117,846 | ) | | | (579 | ) | | | 1,186,857,733 | | | | 804,860,693 | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | (12,939,365 | ) | | | (9,339 | ) | | | (1,027,227 | ) | | | (13,975,931 | ) |
International Multi-Cap Value Fund | | | — | | | | 15,299,795 | | | | — | | | | (244,440,804 | ) | | | (2,142 | ) | | | (179,058,346 | ) | | | (408,201,497 | ) |
International Stock Fund | | | — | | | | 4,499,194 | | | | — | | | | (3,350,999 | ) | | | — | | | | 103,724,071 | | | | 104,872,266 | |
Securitized Income Fund | | | — | | | | 258,610 | | | | — | | | | (713,403 | ) | | | — | | | | (1,136,736 | ) | | | (1,591,529 | ) |
Tax-Aware Bond Fund | | | 137,949 | | | | 3,503,355 | | | | 2,554,910 | | | | — | | | | (3,079 | ) | | | 14,557,859 | | | | 20,750,994 | |
US MidCap Opportunities Fund | | | — | | | | 1,704,373 | | | | — | | | | (737,951 | ) | | | (471 | ) | | | 125,898,088 | | | | 126,864,039 | |
US Small Cap Opportunities Fund | | | — | | | | — | | | | — | | | | (8,217,101 | ) | | | — | | | | 31,501,281 | | | | 23,284,180 | |
| | 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 non-deductible expenses and distribution in excess. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below: |
| | | | | | | | |
Fund | | Capital Stock and
Paid-in-Capital | | | Distributable
Earnings (Loss) | |
China A Fund | | $ | (204 | ) | | $ | 204 | |
US Small Cap Opportunities Fund | | | (164,782 | ) | | | 164,782 | |
| | e) | Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals and adjustments related to PFICs. 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, PFIC mark to market adjustments and partnership adjustments and mark-to-market adjustments on swaps, forwards, futures and options. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below: |
| | | | | | | | | | | | | | | | |
Fund | | Tax Cost | | | Gross Unrealized
Appreciation | | | Gross Unrealized
(Depreciation) | | | Net Unrealized
Appreciation
(Depreciation) | |
China A Fund | | $ | 6,153,943 | | | $ | 1,925,002 | | | $ | (187,513 | ) | | $ | 1,737,489 | |
Emerging Markets Equity Fund | | | 2,983,915,254 | | | | 1,334,618,041 | | | | (147,192,837 | ) | | | 1,187,425,204 | |
Emerging Markets Multi-Sector Bond Fund | | | 61,103,832 | | | | 1,803,556 | | | | (2,804,518 | ) | | | (1,000,962 | ) |
International Multi-Cap Value Fund | | | 1,943,729,997 | | | | 107,238,640 | | | | (286,427,109 | ) | | | (179,188,469 | ) |
International Stock Fund | | | 916,274,146 | | | | 154,297,714 | | | | (50,576,342 | ) | | | 103,721,372 | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
Fund | | Tax Cost | | | Gross Unrealized
Appreciation | | | Gross Unrealized
(Depreciation) | | | Net Unrealized
Appreciation
(Depreciation) | |
Securitized Income Fund | | $ | 125,375,356 | | | $ | 551,526 | | | $ | (1,689,622 | ) | | $ | (1,138,096 | ) |
Tax-Aware Bond Fund | | | 428,190,826 | | | | 15,180,872 | | | | (623,013 | ) | | | 14,557,859 | |
US MidCap Opportunities Fund | | | 522,686,142 | | | | 150,406,009 | | | | (24,507,921 | ) | | | 125,898,088 | |
US Small Cap Opportunities Fund | | | 204,377,673 | | | | 50,168,648 | | | | (18,667,367 | ) | | | 31,501,281 | |
| | f) | Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period. At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows: |
| | | | | | | | |
Fund | | Short-Term
Capital Loss
Carryforward with
No Expiration | | | Long-Term
Capital Loss
Carryforward with
No Expiration | |
Emerging Markets Equity Fund | | $ | 302,757,700 | | | $ | 122,360,146 | |
Emerging Markets Multi-Sector Bond Fund(1) | | | 9,312,266 | | | | 3,627,099 | |
International Multi-Cap Value Fund | | | 77,989,015 | | | | 166,451,789 | |
International Stock Fund | | | 440,650 | | | | 2,910,349 | |
Securitized Income Fund(1) | | | 331,356 | | | | 382,047 | |
US MidCap Opportunities Fund | | | 737,951 | | | | — | |
US Small Cap Opportunities Fund | | | 8,217,101 | | | | — | |
| | (1) | Future utilization of losses are subject to limitation under current tax laws. |
The China A Fund and Tax-Aware Bond Fund had no capital loss carryforwards for U.S. federal income tax purposes as of October 31, 2020.
| | g) | Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months. |
| | a) | Investment Management Agreement – HFMC serves as each Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with 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 China A Fund, Emerging Markets Equity Fund, International Multi-Cap Value Fund, International Stock Fund and Tax-Aware Bond Fund. HFMC pays a sub-advisory fee to SIMNA out of its management fee. SIMNA pays the sub-sub-advisory fees to SIMNA Ltd. |
The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
| | |
Fund | | Management Fee Rates |
China A Fund | | 0.9000% on first $1 billion and; |
| | 0.8900% over $1 billion |
| |
Emerging Markets Equity Fund | | 1.0500% on first $1 billion and; |
| | 1.0000% on next $4��billion and; |
| | 0.9900% on next $5 billion and; |
| | 0.9850% over $10 billion |
| |
Emerging Markets Multi-Sector Bond Fund | | 0.7000% on first $1 billion and; |
| | 0.6500% on next $4 billion and; |
| | 0.6400% on next $5 billion and; |
| | 0.6350% over $10 billion |
Notes to Financial Statements – (continued)
October 31, 2020
| | |
Fund | | Management Fee Rates |
| |
International Multi-Cap Value Fund | | 0.7200% on first $1 billion and; |
| | 0.6800% on next $4 billion and; |
| | 0.6750% on next $5 billion and; |
| | 0.6700% over $10 billion |
| |
International Stock Fund | | 0.6700% on first $1 billion and; |
| | 0.6500% on next $4 billion and; |
| | 0.6450% on next $5 billion and; |
| | 0.6400% over $10 billion |
| |
Securitized Income Fund | | 0.6500% on first $1 billion and; |
| | 0.6000% over $1 billion |
| |
Tax-Aware Bond Fund | | 0.4500% on first $1 billion and; |
| | 0.4300% on next $4 billion and; |
| | 0.4250% on next $5 billion and; |
| | 0.4200% over $10 billion |
| |
US MidCap Opportunities Fund | | 0.7500% on first $1 billion and; |
| | 0.7000% on next $1.5 billion and; |
| | 0.6500% on next $2.5 billion and; |
| | 0.6450% on next $5 billion and; |
| | 0.6400% over $10 billion |
| |
US Small Cap Opportunities Fund | | 0.9000% on first $1 billion and; |
| | 0.8900% on next $4 billion and; |
| | 0.8800% on next $5 billion and; |
| | 0.8700% over $10 billion |
| | b) | Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of the Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services. |
From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund, except the China A Fund, were accrued daily and paid monthly at the rates below.
| | | | |
| |
Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, International Multi-Cap Value Fund, International Stock Fund and
Securitized Income 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 MidCap Opportunities Fund and US Small 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% | |
| | c) | Operating Expenses – Allocable expenses incurred by the Company are allocated to each series within the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually agreed to limit the total annual fund operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) through February 28, 2021 (unless the Board of Directors approves its earlier termination), except as noted below, 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 | |
China A Fund(1) | | | 1.45 | % | | | 2.25 | % | | | 1.15 | % | | | N/A | | | | N/A | | | | N/A | | | | 1.11 | % | | | 0.99 | % | | | 0.99 | % |
Emerging Markets Multi-Sector Bond Fund | | | 1.15 | % | | | 1.90 | % | | | 0.90 | % | | | 1.45 | % | | | 1.15 | % | | | 0.85 | % | | | 0.85 | % | | | 0.75 | % | | | 0.75 | % |
International Stock Fund | | | 1.15 | % | | | 1.95 | % | | | 0.85 | % | | | 1.45 | % | | | 1.15 | % | | | 0.85 | % | | | 0.85 | % | | | 0.75 | % | | | 0.75 | % |
Securitized Income Fund | | | 1.10 | % | | | 1.95 | % | | | 0.85 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.80 | % | | | 0.70 | % | | | 0.70 | % |
Tax-Aware Bond Fund | | | 0.71 | % | | | 1.59 | % | | | 0.49 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.56 | % | | | 0.46 | % | | | 0.46 | % |
US Small Cap Opportunities Fund | | | 1.35 | % | | | 2.10 | % | | | 1.10 | % | | | 1.65 | % | | | 1.35 | % | | | 1.05 | % | | | 1.05 | % | | | 0.95 | % | | | 0.95 | % |
| | (1) | Expense limitation arrangement described above for China A Fund extends through March 31, 2021 (unless the Board of Directors approves its earlier termination). |
Notes to Financial Statements – (continued)
October 31, 2020
| | d) | Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year or period ended October 31, 2020, these amounts, if any, are included in the Statements of Operations. |
The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
China A Fund | | | 1.29 | % | | | 2.22 | % | | | 1.15 | % | | | N/A | | | | N/A | | | | N/A | | | | 1.10 | % | | | 0.99 | % | | | 0.99 | % |
Emerging Markets Equity Fund | | | 1.53 | % | | | 2.16 | % | | | 1.25 | % | | | 1.71 | % | | | 1.43 | % | | | 1.20 | % | | | 1.18 | % | | | 1.08 | % | | | 1.08 | % |
Emerging Markets Multi-Sector Bond Fund | | | 1.15 | % | | | 1.90 | % | | | 0.82 | % | | | 1.24 | % | | | 0.92 | % | | | 0.85 | % | | | 0.76 | % | | | 0.75 | % | | | 0.75 | % |
International Multi-Cap Value Fund | | | 1.12 | % | | | 1.86 | % | | | 0.85 | % | | | 1.48 | % | | | 1.18 | % | | | 0.86 | % | | | 0.81 | % | | | 0.76 | % | | | 0.76 | % |
International Stock Fund | | | 1.11 | % | | | 1.85 | % | | | 0.83 | % | | | 1.45 | % | | | 1.15 | % | | | 0.83 | % | | | 0.82 | % | | | 0.75 | % | | | 0.75 | % |
Securitized Income Fund | | | 1.10 | % | | | 2.29 | % | | | 1.12 | % | | | N/A | | | | N/A | | | | N/A | | | | 1.07 | % | | | 1.06 | % | | | 1.07 | % |
Tax-Aware Bond Fund | | | 0.71 | % | | | 1.55 | % | | | 0.49 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.56 | % | | | 0.46 | % | | | 0.46 | % |
US MidCap Opportunities Fund | | | 1.18 | % | | | 1.92 | % | | | 0.90 | % | | | 1.53 | % | | | 1.23 | % | | | 0.93 | % | | | 0.90 | % | | | 0.81 | % | | | 0.81 | % |
US Small Cap Opportunities Fund | | | 1.35 | % | | | 2.10 | % | | | 1.05 | % | | | 1.64 | % | | | 1.35 | % | | | 1.05 | % | | | 1.05 | % | | | 0.95 | % | | | 0.95 | % |
| | e) | Sales Charges and Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows: |
| | | | | | | | |
Fund | | Front-end
Sales Charges | | | Contingent Deferred
Sales Charges | |
China A Fund | | $ | 48 | | | $ | — | |
Emerging Markets Equity Fund | | | 9,043 | | | | 173 | |
Emerging Markets Multi-Sector Bond Fund | | | 1,403 | | | | 238 | |
International Multi-Cap Value Fund | | | 174,204 | | | | 2,757 | |
International Stock Fund | | | 406,599 | | | | 2,634 | |
Securitized Income Fund | | | 13,131 | | | | 1 | |
Tax-Aware Bond Fund | | | 191,447 | | | | 7,999 | |
US MidCap Opportunities Fund | | | 127,205 | | | | 3,861 | |
US Small Cap Opportunities Fund | | | 88,112 | | | | 1,023 | |
The Board of Directors of the Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, C, R3 and R4 shares. Under a Plan, Class A, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third-party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statement of Operations.
| | f) | Other Related Party Transactions – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year or period ended October 31, 2020, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below. |
| | | | |
Fund | | CCO Compensation
Paid by Fund | |
China A Fund | | $ | 12 | |
Emerging Markets Equity Fund | | | 8,406 | |
Emerging Markets Multi-Sector Bond Fund | | | 146 | |
International Multi-Cap Value Fund | | | 4,215 | |
International Stock Fund | | | 1,511 | |
Securitized Income Fund | | | 159 | |
Tax-Aware Bond Fund | | | 890 | |
US MidCap Opportunities Fund | | | 1,615 | |
US Small Cap Opportunities Fund | | | 526 | |
Notes to Financial Statements – (continued)
October 31, 2020
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.
| | | | |
Share Class | | Specified Amount
(as a percentage
average daily
net assets) | |
Class A | | | 0.25 | % |
Class C | | | 0.25 | % |
Class I | | | 0.20 | % |
Class Y | | | 0.11 | % |
Class R3 | | | 0.22 | % |
Class R4 | | | 0.17 | % |
Class R5 | | | 0.12 | % |
Class F | | | 0.004 | % |
Class SDR | | | 0.004 | % |
Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for Class Y shares of the International Multi-Cap Value Fund to the extent necessary to limit the transfer agency fees to 0.06% through February 28, 2021, unless the Board of Directors approves its earlier termination.
From November 1, 2019 to February 27, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:
| | | | |
Fund | | Class Y | |
International Multi-Cap Value Fund | | | 0.05 | % |
US MidCap Opportunities Fund | | | 0.07 | % |
Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.
For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
China A Fund | | | 0.21 | % | | | 0.24 | % | | | 0.17 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.11 | % | | | 0.00 | %* | | | 0.00 | %* |
Emerging Markets Equity Fund | | | 0.20 | % | | | 0.09 | % | | | 0.17 | % | | | 0.22 | % | | | 0.10 | % | | | 0.12 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.00 | %* |
Emerging Markets Multi-Sector Bond Fund | | | 0.18 | % | | | 0.25 | % | | | 0.07 | % | | | 0.22 | % | | | 0.17 | % | | | 0.12 | % | | | 0.01 | % | | | 0.00 | %* | | | 0.00 | %* |
International Multi-Cap Value Fund | | | 0.12 | % | | | 0.11 | % | | | 0.10 | % | | | 0.22 | % | | | 0.17 | % | | | 0.10 | % | | | 0.06 | % | | | 0.00 | %* | | | 0.00 | %* |
International Stock Fund | | | 0.12 | % | | | 0.10 | % | | | 0.08 | % | | | 0.21 | % | | | 0.15 | % | | | 0.08 | % | | | 0.07 | % | | | 0.00 | %* | | | 0.00 | %* |
Securitized Income Fund | | | 0.01 | % | | | 0.24 | % | | | 0.06 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.01 | % | | | 0.00 | %* | | | 0.00 | %* |
Tax-Aware Bond Fund | | | 0.06 | % | | | 0.09 | % | | | 0.08 | % | | | N/A | | | | N/A | | | | N/A | | | | 0.11 | % | | | 0.00 | %* | | | 0.00 | %* |
US MidCap Opportunities Fund | | | 0.12 | % | | | 0.11 | % | | | 0.09 | % | | | 0.22 | % | | | 0.17 | % | | | 0.12 | % | | | 0.10 | % | | | 0.00 | %* | | | 0.00 | %* |
US Small Cap Opportunities Fund | | | 0.16 | % | | | 0.16 | % | | | 0.10 | % | | | 0.22 | % | | | 0.17 | % | | | 0.12 | % | | | 0.11 | % | | | 0.00 | %* | | | 0.00 | %* |
The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. Each of China A Fund and Securitized Income Fund do not currently engage in securities lending. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.
Notes to Financial Statements – (continued)
October 31, 2020
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.
The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.
The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.
The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of October 31, 2020.
| | | | | | | | | | | | |
Fund | | Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities(1) | | | Collateral Posted by Borrower(2) | | | Net Amount(3) | |
Emerging Markets Equity Fund | | $ | — | | | $ | — | | | $ | — | |
Emerging Markets Multi-Sector Bond Fund | | | 1,412,515 | | | | (1,412,515 | ) | | | — | |
International Multi-Cap Value Fund | | | 33,127,841 | | | | (33,127,841 | ) | | | — | |
International Stock Fund | | | 1,508,513 | | | | (1,508,513 | ) | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | | | | — | |
US MidCap Opportunities Fund | | | 6,875,747 | | | | (6,875,747 | ) | | | — | |
US Small Cap Opportunities Fund | | | 453,147 | | | | (453,147 | ) | | | — | |
| | (1) | It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract. |
| | (2) | Collateral received in excess of the market value of securities on loan is not presented in this table. |
| | (3) | Net amount represents the net amount receivable due from the counterparty in the event of default. |
The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:
| | | | | | | | |
Fund | | Cash
Collateral | | | Non-Cash
Collateral | |
Emerging Markets Equity Fund | | $ | — | | | $ | — | |
Emerging Markets Multi-Sector Bond Fund | | | 1,460,595 | | | | — | |
International Multi-Cap Value Fund | | | 32,109,075 | | | | 4,956,768 | |
International Stock Fund | | | 1,520,965 | | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | |
US MidCap Opportunities Fund | | | 7,032,174 | | | | — | |
US Small Cap Opportunities Fund | | | 468,760 | | | | — | |
The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.
Certain Transfers Accounted For As Secured Borrowings
Remaining Contractual Maturity of the Agreements
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| Emerging Markets Multi-Sector Bond Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Corporate Bonds | | $ | 1,082,814 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,082,814 | |
Foreign Government Obligations | | | 377,781 | | | | — | | | | — | | | | — | | | | 377,781 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 1,460,595 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,460,595 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 1,460,595 | |
| | | | | | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | | | | | |
| | | Overnight and
Continuous | | | <30 days | | | Between
30 & 90 days | | | >90 days | | | Total | |
| International Multi-Cap Value Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 32,109,075 | | | $ | — | | | $ | — | | | $ | — | | | $ | 32,109,075 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 32,109,075 | | | $ | — | | | $ | — | | | $ | — | | | $ | 32,109,075 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 32,109,075 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| International Stock Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 1,520,965 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,520,965 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 1,520,965 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,520,965 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 1,520,965 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Securitized Income Fund | | | | | | | | | | | | | | | |
Reverse Repurchase Agreements | |
Asset & Commercial Mortgage-Backed Securities | | $ | — | | | $ | 14,309,996 | | | $ | 15,936,517 | | | $ | — | | | $ | 30,246,513 | |
Corporate Bonds | | | — | | | | 677,000 | | | | — | | | | — | | | | 677,000 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | — | | | $ | 14,986,996 | | | $ | 15,936,517 | | | $ | — | | | $ | 30,923,513 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for sale buy-back transactions | | | $ | 30,923,513 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| US MidCap Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 7,032,174 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,032,174 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 7,032,174 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,032,174 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 7,032,174 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| US Small Cap Opportunities Fund | | | | | | | | | | | | | | | |
Securities Lending Transactions(1) | |
Common Stocks | | $ | 468,760 | | | $ | — | | | $ | — | | | $ | — | | | $ | 468,760 | |
| | | | | | | | | | | | | | | | | | | | |
Total Borrowings | | $ | 468,760 | | | $ | — | | | $ | — | | | $ | — | | | $ | 468,760 | |
| | | | | | | | | | | | | | | | | | | | |
Gross amount of recognized liabilities for securities lending transactions | | | $ | 468,760 | |
| | | | | | | | | | | | | | | | | | | | |
| | (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, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:
Percentage of a Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
China A Fund | | | 41 | % | | | 84 | % | | | 82 | % | | | N/A | | | | N/A | | | | N/A | | | | 100 | % | | | 100 | % | | | — | %* |
Emerging Markets Equity Fund | | | — | | | | — | | | | — | | | | 16 | % | | | — | %* | | | — | | | | — | | | | — | | | | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | 37 | % | | | 100 | % | | | 100 | % | | | — | | | | 100 | % | | | — | |
International Multi-Cap Value Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | | | | — | | | | — | | | | — | |
International Stock Fund | | | — | | | | — | | | | — | | | | 2 | % | | | 1 | % | | | — | %* | | | — | %* | | | — | | | | — | |
Securitized Income Fund | | | 64 | % | | | 2 | % | | | 5 | % | | | N/A | | | | N/A | | | | N/A | | | | 100 | % | | | 100 | % | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | | | | — | | | | N/A | | | | N/A | | | | N/A | | | | 5 | % | | | — | | | | — | |
US MidCap Opportunities Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1 | % | | | — | | | | — | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | — | | | | — | | | | 5 | % | | | 6 | % | | | 4 | % | | | — | | | | — | | | | — | |
Percentage of Fund by Class:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Class A | | | Class C | | | Class I | | | Class R3 | | | Class R4 | | | Class R5 | | | Class Y | | | Class F | | | Class SDR | |
China A Fund | | | 2 | % | | | 2 | % | | | 2 | % | | | N/A | | | | N/A | | | | N/A | | | | 2 | % | | | 41 | % | | | — | %* |
Emerging Markets Equity Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | | | | — | | | | — | | | | — | |
Emerging Markets Multi-Sector Bond Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | | | | — | |
International Multi-Cap Value Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | | | | — | | | | — | | | | — | |
International Stock Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | |
Securitized Income Fund | | | 4 | % | | | — | %* | | | 4 | % | | | N/A | | | | N/A | | | | N/A | | | | 4 | % | | | 2 | % | | | — | |
Tax-Aware Bond Fund | | | — | | | | — | | | | — | | | | N/A | | | | N/A | | | | N/A | | | | — | %* | | | — | | | | — | |
US MidCap Opportunities Fund | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | %* | | | — | | | | — | | | | — | |
US Small Cap Opportunities Fund | | | — | | | | — | | | | — | | | | — | %* | | | — | %* | | | — | %* | | | — | | | | — | | | | — | |
| | * | Percentage rounds to zero. |
Notes to Financial Statements – (continued)
October 31, 2020
As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:
| | | | |
Funds | | Percentage
of Fund* | |
Emerging Markets Equity Fund | | | 1 | % |
International Multi-Cap Value Fund | | | 3 | % |
| | * | As of October 31, 2020, the affiliated funds of funds were invested in Class F shares. |
| 11. | Investment Transactions: |
For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
Fund | | Cost of Purchases
Excluding U.S.
Government
Obligations | | | Sales Proceeds
Excluding U.S.
Government
Obligations | | | Cost of Purchases
For U.S.
Government
Obligations | | | Sales Proceeds
For U.S.
Government
Obligations | | | Total Cost of
Purchases | | | Total Sales
Proceeds | |
China A Fund | | $ | 8,305,275 | | | $ | 3,047,430 | | | $ | — | | | $ | — | | | $ | 8,305,275 | | | $ | 3,047,430 | |
Emerging Markets Equity Fund | | | 2,097,908,061 | | | | 1,860,513,030 | | | | — | | | | — | | | | 2,097,908,061 | | | | 1,860,513,030 | |
Emerging Markets Multi-Sector Bond Fund | | | 92,708,525 | | | | 120,038,920 | | | | — | | | | — | | | | 92,708,525 | | | | 120,038,920 | |
International Multi-Cap Value Fund | | | 2,223,399,513 | | | | 2,252,032,721 | | | | — | | | | — | | | | 2,223,399,513 | | | | 2,252,032,721 | |
International Stock Fund | | | 699,444,133 | | | | 206,706,973 | | | | — | | | | — | | | | 699,444,133 | | | | 206,706,973 | |
Securitized Income Fund | | | 85,962,416 | | | | 53,303,513 | | | | 17,680,261 | | | | 17,141,835 | | | | 103,642,677 | | | | 70,445,348 | |
Tax-Aware Bond Fund | | | 443,930,300 | | | | 365,038,762 | | | | 341,691,930 | | | | 322,318,020 | | | | 785,622,230 | | | | 687,356,782 | |
US MidCap Opportunities Fund | | | 384,328,192 | | | | 594,398,382 | | | | — | | | | — | | | | 384,328,192 | | | | 594,398,382 | |
US Small Cap Opportunities Fund | | | 137,331,958 | | | | 99,587,509 | | | | — | | | | — | | | | 137,331,958 | | | | 99,587,509 | |
| 12. | Capital Share Transactions: |
The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:
| | | | | | | | |
| | | For the Period Ended
October 31, 2020(1) | |
| | | Shares | | | Amount | |
| China A Fund | |
Class A | |
Shares Sold | | | 24,506 | | | $ | 304,161 | |
Shares Redeemed | | | (1 | ) | | | (10 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 24,505 | | | | 304,151 | |
| | | | | | | | |
Class C | |
Shares Sold | | | 11,860 | | | $ | 125,436 | |
Shares Redeemed | | | (1 | ) | | | (10 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 11,859 | | | | 125,426 | |
| | | | | | | | |
Class I | |
Shares Sold | | | 30,549 | | | $ | 408,284 | |
Shares Redeemed | | | (18,406 | ) | | | (269,695 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 12,143 | | | | 138,589 | |
| | | | | | | | |
Class Y | |
Shares Sold | | | 10,001 | | | $ | 100,010 | |
Shares Redeemed | | | (1 | ) | | | (10 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 10,000 | | | | 100,000 | |
| | | | | | | | |
Class F | |
Shares Sold | | | 210,001 | | | $ | 2,100,010 | |
Shares Redeemed | | | (1 | ) | | | (10 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 210,000 | | | | 2,100,000 | |
| | | | | | | | |
Class SDR | |
Shares Sold | | | 250,001 | | | $ | 2,500,010 | |
Shares Redeemed | | | (1 | ) | | | (10 | ) |
| | | | | | | | |
Net Increase (Decrease) | | | 250,000 | | | | 2,500,000 | |
| | | | | | | | |
Total Net Increase (Decrease) | | | 518,507 | | | $ | 5,268,166 | |
| | | | | | | | |
| | (1) | Commenced operations on March 31, 2020. |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Emerging Markets Equity Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,951,438 | | | $ | 30,166,742 | | | | 1,748,349 | | | $ | 25,903,979 | |
Shares Issued for Reinvested Dividends | | | 70,589 | | | | 1,177,420 | | | | 34,398 | | | | 474,696 | |
Shares Redeemed | | | (2,196,877 | ) | | | (34,272,320 | ) | | | (1,240,206 | ) | | | (18,680,319 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (174,850 | ) | | | (2,928,158 | ) | | | 542,541 | | | | 7,698,356 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 7,253 | | | $ | 113,752 | | | | 351,995 | | | $ | 5,084,173 | |
Shares Issued for Reinvested Dividends | | | 8,192 | | | | 135,012 | | | | 3,391 | | | | 46,251 | |
Shares Redeemed | | | (273,764 | ) | | | (4,230,625 | ) | | | (196,969 | ) | | | (2,908,753 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (258,319 | ) | | | (3,981,861 | ) | | | 158,417 | | | | 2,221,671 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 62,234,607 | | | $ | 937,883,560 | | | | 51,189,025 | | | $ | 762,162,282 | |
Shares Issued for Reinvested Dividends | | | 874,907 | | | | 14,558,445 | | | | 516,573 | | | | 7,113,215 | |
Shares Redeemed | | | (95,824,442 | ) | | | (1,429,672,320 | ) | | | (58,447,579 | ) | | | (871,528,570 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (32,714,928 | ) | | | (477,230,315 | ) | | | (6,741,981 | ) | | | (102,253,073 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 740 | | | $ | 11,570 | | | | 834 | | | $ | 12,388 | |
Shares Issued for Reinvested Dividends | | | 84 | | | | 1,392 | | | | 57 | | | | 787 | |
Shares Redeemed | | | (971 | ) | | | (15,292 | ) | | | (2,050 | ) | | | (30,637 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (147 | ) | | | (2,330 | ) | | | (1,159 | ) | | | (17,462 | ) |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 278,404 | | | $ | 3,757,186 | | | | 5,127 | | | $ | 71,225 | |
Shares Issued for Reinvested Dividends | | | 24 | | | | 394 | | | | 3,331 | | | | 45,699 | |
Shares Redeemed | | | (19,862 | ) | | | (316,545 | ) | | | (271,528 | ) | | | (3,755,502 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 258,566 | | | | 3,441,035 | | | | (263,070 | ) | | | (3,638,578 | ) |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,643 | | | $ | 104,685 | | | | 5,315 | | | $ | 79,902 | |
Shares Issued for Reinvested Dividends | | | 910 | | | | 15,146 | | | | 458 | | | | 6,306 | |
Shares Redeemed | | | (26,899 | ) | | | (439,527 | ) | | | (2,130 | ) | | | (32,680 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (19,346 | ) | | | (319,696 | ) | | | 3,643 | | | | 53,528 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 38,460,003 | | | $ | 583,444,406 | | | | 11,244,782 | | | $ | 164,696,976 | |
Shares Issued for Reinvested Dividends | | | 196,853 | | | | 3,277,595 | | | | 117,355 | | | | 1,617,151 | |
Shares Redeemed | | | (16,978,392 | ) | | | (234,989,979 | ) | | | (12,480,644 | ) | | | (190,216,734 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 21,678,464 | | | | 351,732,022 | | | | (1,118,507 | ) | | | (23,902,607 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 32,828,464 | | | $ | 535,113,218 | | | | 22,780,248 | | | $ | 344,169,329 | |
Shares Issued for Reinvested Dividends | | | 445,955 | | | | 7,416,236 | | | | 181,969 | | | | 2,503,890 | |
Shares Redeemed | | | (9,898,445 | ) | | | (156,103,638 | ) | | | (7,350,035 | ) | | | (111,675,098 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 23,375,974 | | | | 386,425,816 | | | | 15,612,182 | | | | 234,998,121 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 15,360,330 | | | $ | 247,432,265 | | | | 18,036,150 | | | $ | 267,392,203 | |
Shares Issued for Reinvested Dividends | | | 1,559,446 | | | | 25,980,378 | | | | 906,907 | | | | 12,506,249 | |
Shares Redeemed | | | (12,685,174 | ) | | | (189,012,307 | ) | | | (13,526,435 | ) | | | (208,708,307 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,234,602 | | | | 84,400,336 | | | | 5,416,622 | | | | 71,190,145 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 16,380,016 | | | $ | 341,536,849 | | | | 13,608,688 | | | $ | 186,350,101 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Emerging Markets Multi-Sector Bond Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 74,672 | | | $ | 618,886 | | | | 148,243 | | | $ | 1,360,898 | |
Shares Issued for Reinvested Dividends | | | 9,815 | | | | 78,407 | | | | 13,866 | | | | 124,253 | |
Shares Redeemed | | | (75,075 | ) | | | (615,139 | ) | | | (347,011 | ) | | | (3,150,553 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 9,412 | | | | 82,154 | | | | (184,902 | ) | | | (1,665,402 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,580 | | | $ | 31,316 | | | | 23,237 | | | $ | 209,450 | |
Shares Issued for Reinvested Dividends | | | 1,233 | | | | 9,773 | | | | 944 | | | | 8,404 | |
Shares Redeemed | | | (7,896 | ) | | | (69,036 | ) | | | (42,187 | ) | | | (373,516 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,083 | ) | | | (27,947 | ) | | | (18,006 | ) | | | (155,662 | ) |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Emerging Markets Multi-Sector Bond Fund – (continued) | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,645,820 | | | $ | 12,948,623 | | | | 1,631,596 | | | $ | 14,785,602 | |
Shares Issued for Reinvested Dividends | | | 160,130 | | | | 1,284,545 | | | | 191,328 | | | | 1,715,191 | |
Shares Redeemed | | | (2,486,187 | ) | | | (20,380,676 | ) | | | (2,722,831 | ) | | | (24,420,037 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (680,237 | ) | | | (6,147,508 | ) | | | (899,907 | ) | | | (7,919,244 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,121 | | | $ | 19,070 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 158 | | | | 1,249 | | | | 65 | | | | 584 | |
Shares Redeemed | | | (2 | ) | | | (20 | ) | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 2,277 | | | | 20,299 | | | | 65 | | | | 584 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 73 | | | | 580 | | | | 65 | | �� | | 585 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 73 | | | | 580 | | | | 65 | | | | 585 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 74 | | | | 587 | | | | 66 | | | | 597 | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 74 | | | | 587 | | | | 66 | | | | 597 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 50,335 | | | $ | 433,573 | | | | 117,019 | | | $ | 1,054,550 | |
Shares Issued for Reinvested Dividends | | | 15,666 | | | | 125,165 | | | | 9,722 | | | | 87,222 | |
Shares Redeemed | | | (1,300 | ) | | | (9,222 | ) | | | (12,487 | ) | | | (112,135 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 64,701 | | | | 549,516 | | | | 114,254 | | | | 1,029,637 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 33,302 | | | $ | 300,908 | | | | 127,336 | | | $ | 1,139,433 | |
Shares Issued for Reinvested Dividends | | | 20,620 | | | | 185,754 | | | | 170,007 | | | | 1,520,919 | |
Shares Redeemed | | | (2,588,818 | ) | | | (22,892,216 | ) | | | (1,045,807 | ) | | | (9,496,407 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,534,896 | ) | | | (22,405,554 | ) | | | (748,464 | ) | | | (6,836,055 | ) |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 84,913 | | | $ | 734,256 | | | | 138,869 | | | $ | 1,262,856 | |
Shares Issued for Reinvested Dividends | | | 241,781 | | | | 1,930,500 | | | | 224,846 | | | | 2,015,875 | |
Shares Redeemed | | | (196,044 | ) | | | (1,641,958 | ) | | | (254,804 | ) | | | (2,323,167 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 130,650 | | | | 1,022,798 | | | | 108,911 | | | | 955,564 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (3,011,029 | ) | | $ | (26,905,075 | ) | | | (1,627,918 | ) | | $ | (14,589,396 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| International Multi-Cap Value Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,803,699 | | | $ | 23,129,829 | | | | 7,308,958 | | | $ | 64,185,746 | |
Shares Issued for Reinvested Dividends | | | 289,911 | | | | 2,459,995 | | | | 497,126 | | | | 4,232,125 | |
Shares Redeemed | | | (6,470,234 | ) | | | (51,893,152 | ) | | | (3,535,202 | ) | | | (30,710,971 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,376,624 | ) | | | (26,303,328 | ) | | | 4,270,882 | | | | 37,706,900 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 324,556 | | | $ | 2,741,385 | | | | 804,534 | | | $ | 6,997,228 | |
Shares Issued for Reinvested Dividends | | | 36,931 | | | | 323,041 | | | | 130,672 | | | | 1,092,114 | |
Shares Redeemed | | | (1,107,190 | ) | | | (9,046,175 | ) | | | (1,419,956 | ) | | | (12,228,675 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (745,703 | ) | | | (5,981,749 | ) | | | (484,750 | ) | | | (4,139,333 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 32,274,441 | | | $ | 263,656,289 | | | | 43,206,748 | | | $ | 376,911,502 | |
Shares Issued for Reinvested Dividends | | | 1,997,972 | | | | 16,815,231 | | | | 4,390,363 | | | | 37,179,961 | |
Shares Redeemed | | | (46,737,444 | ) | | | (366,171,373 | ) | | | (63,378,109 | ) | | | (552,346,795 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (12,465,031 | ) | | | (85,699,853 | ) | | | (15,780,998 | ) | | | (138,255,332 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 533,231 | | | $ | 4,354,149 | | | | 2,630,986 | | | $ | 23,971,443 | |
Shares Issued for Reinvested Dividends | | | 43,227 | | | | 369,526 | | | | 35,113 | | | | 308,551 | |
Shares Redeemed | | | (1,034,516 | ) | | | (7,910,074 | ) | | | (544,310 | ) | | | (4,758,882 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (458,058 | ) | | | (3,186,399 | ) | | | 2,121,789 | | | | 19,521,112 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 64,552 | | | $ | 497,841 | | | | 224,145 | | | $ | 1,920,458 | |
Shares Issued for Reinvested Dividends | | | 8,123 | | | | 68,291 | | | | 11,262 | | | | 96,105 | |
Shares Redeemed | | | (75,981 | ) | | | (596,629 | ) | | | (77,906 | ) | | | (674,128 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (3,306 | ) | | | (30,497 | ) | | | 157,501 | | | | 1,342,435 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| International Multi-Cap Value Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 545,218 | | | $ | 4,339,616 | | | | 963,121 | | | $ | 8,283,064 | |
Shares Issued for Reinvested Dividends | | | 68,186 | | | | 570,494 | | | | 143,439 | | | | 1,208,180 | |
Shares Redeemed | | | (769,515 | ) | | | (6,216,129 | ) | | | (1,265,541 | ) | | | (11,362,022 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (156,111 | ) | | | (1,306,019 | ) | | | (158,981 | ) | | | (1,870,778 | ) |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,488,795 | | | $ | 66,739,293 | | | | 8,747,939 | | | $ | 76,763,544 | |
Shares Issued for Reinvested Dividends | | | 525,988 | | | | 4,368,637 | | | | 747,314 | | | | 6,345,975 | |
Shares Redeemed | | | (3,913,403 | ) | | | (30,436,867 | ) | | | (2,324,975 | ) | | | (20,118,934 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,101,380 | | | | 40,671,063 | | | | 7,170,278 | | | | 62,990,585 | |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,264,798 | | | $ | 141,630,520 | | | | 21,330,908 | | | $ | 187,800,399 | |
Shares Issued for Reinvested Dividends | | | 1,036,549 | | | | 8,642,893 | | | | 1,474,000 | | | | 12,537,678 | |
Shares Redeemed | | | (14,852,644 | ) | | | (118,345,910 | ) | | | (9,215,134 | ) | | | (81,327,657 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,448,703 | | | | 31,927,503 | | | | 13,589,774 | | | | 119,010,420 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 37,557,550 | | | $ | 291,819,327 | | | | 20,897,933 | | | $ | 182,523,290 | |
Shares Issued for Reinvested Dividends | | | 2,074,664 | | | | 17,328,997 | | | | 3,624,947 | | | | 30,712,905 | |
Shares Redeemed | | | (35,442,799 | ) | | | (290,678,391 | ) | | | (14,513,700 | ) | | | (127,544,493 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,189,415 | | | | 18,469,933 | | | | 10,009,180 | | | | 85,691,702 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (3,465,335 | ) | | $ | (31,439,346 | ) | | | 20,894,675 | | | $ | 181,997,711 | |
| | | | | | | | | | | | | | | | |
| | | | |
| International Stock Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,577,386 | | | $ | 75,874,561 | | | | 3,129,557 | | | $ | 38,300,055 | |
Shares Issued for Reinvested Dividends | | | 39,981 | | | | 548,940 | | | | 98,255 | | | | 1,103,348 | |
Shares Redeemed | | | (1,136,723 | ) | | | (15,107,254 | ) | | | (546,692 | ) | | | (6,612,696 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,480,644 | | | | 61,316,247 | | | | 2,681,120 | | | | 32,790,707 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 269,016 | | | $ | 3,489,435 | | | | 266,133 | | | $ | 2,980,258 | |
Shares Issued for Reinvested Dividends | | | 835 | | | | 10,939 | | | | 14,715 | | | | 157,415 | |
Shares Redeemed | | | (59,927 | ) | | | (722,473 | ) | | | (145,940 | ) | | | (1,679,330 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 209,924 | | | | 2,777,901 | | | | 134,908 | | | | 1,458,343 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 28,960,331 | | | $ | 372,494,734 | | | | 11,742,900 | | | $ | 136,541,482 | |
Shares Issued for Reinvested Dividends | | | 203,818 | | | | 2,706,694 | | | | 905,219 | | | | 9,832,890 | |
Shares Redeemed | | | (8,951,030 | ) | | | (109,417,598 | ) | | | (5,895,649 | ) | | | (69,641,488 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 20,213,119 | | | | 265,783,830 | | | | 6,752,470 | | | | 76,732,884 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 44,105 | | | $ | 484,380 | | | | 14,183 | | | $ | 169,465 | |
Shares Issued for Reinvested Dividends | | | 152 | | | | 2,018 | | | | 82 | | | | 886 | |
Shares Redeemed | | | (5,601 | ) | | | (71,632 | ) | | | (3 | ) | | | (35 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 38,656 | | | | 414,766 | | | | 14,262 | | | | 170,316 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 205,916 | | | $ | 2,649,316 | | | | 22,719 | | | $ | 274,429 | |
Shares Issued for Reinvested Dividends | | | 269 | | | | 3,576 | | | | 82 | | | | 890 | |
Shares Redeemed | | | (44,021 | ) | | | (566,181 | ) | | | (402 | ) | | | (4,890 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 162,164 | | | | 2,086,711 | | | | 22,399 | | | | 270,429 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 844,651 | | | $ | 10,244,540 | | | | 85,870 | | | $ | 1,027,962 | |
Shares Issued for Reinvested Dividends | | | 1,644 | | | | 21,848 | | | | 83 | | | | 901 | |
Shares Redeemed | | | (41,811 | ) | | | (545,593 | ) | | | (1,710 | ) | | | (20,330 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 804,484 | | | | 9,720,795 | | | | 84,243 | | | | 1,008,533 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 4,875,805 | | | $ | 68,074,361 | | | | 94,385 | | | $ | 1,101,980 | |
Shares Issued for Reinvested Dividends | | | 953 | | | | 12,698 | | | | 38,210 | | | | 416,560 | |
Shares Redeemed | | | (78,087 | ) | | | (1,012,281 | ) | | | (548,604 | ) | | | (6,406,752 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 4,798,671 | | | | 67,074,778 | | | | (416,009 | ) | | | (4,888,212 | ) |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| International Stock Fund – (continued) | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 8,417,664 | | | $ | 110,434,434 | | | | 5,309,055 | | | $ | 62,969,906 | |
Shares Issued for Reinvested Dividends | | | 77,909 | | | | 1,036,195 | | | | 91,563 | | | | 995,486 | |
Shares Redeemed | | | (1,765,969 | ) | | | (22,190,196 | ) | | | (547,580 | ) | | | (6,552,705 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 6,729,604 | | | | 89,280,433 | | | | 4,853,038 | | | | 57,412,687 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 5,469,722 | | | $ | 70,802,425 | | | | 2,010,707 | | | $ | 24,337,603 | |
Shares Issued for Reinvested Dividends | | | 72,052 | | | | 957,577 | | | | 482,543 | | | | 5,246,663 | |
Shares Redeemed | | | (3,650,626 | ) | | | (47,306,305 | ) | | | (15,335 | ) | | | (183,930 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,891,148 | | | | 24,453,697 | | | | 2,477,915 | | | | 29,400,336 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 39,328,414 | | | $ | 522,909,158 | | | | 16,604,346 | | | $ | 194,356,023 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Period Ended
October 31, 2019(1) | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| Securitized Income Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 223,922 | | | $ | 2,163,016 | | | | 350,007 | | | $ | 3,500,072 | |
Shares Issued for Reinvested Dividends | | | 9,226 | | | | 89,718 | | | | 5,008 | | | | 50,265 | |
Shares Redeemed | | | (21,058 | ) | | | (203,567 | ) | | | (1 | ) | | | (10 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 212,090 | | | | 2,049,167 | | | | 355,014 | | | | 3,550,327 | |
| | | | | | | | | | | | | | | | |
Class C(2) | | | | | | | | | | | | | | | | |
Shares Sold | | | 45,049 | | | $ | 419,720 | | | | — | | | $ | — | |
Shares Issued for Reinvested Dividends | | | 181 | | | | 1,709 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 45,230 | | | | 421,429 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | |
Class I | |
Shares Sold | | | 7,995,486 | | | $ | 77,608,778 | | | | 455,638 | | | $ | 4,560,915 | |
Shares Issued for Reinvested Dividends | | | 75,068 | | | | 720,669 | | | | 6,086 | | | | 61,092 | |
Shares Redeemed | | | (1,829,000 | ) | | | (17,600,511 | ) | | | (1,058 | ) | | | (10,642 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 6,241,554 | | | | 60,728,936 | | | | 460,666 | | | | 4,611,365 | |
| | | | | | | | | | | | | | | | |
Class Y | |
Shares Sold | | | — | | | $ | — | | | | 350,994 | | | $ | 3,510,010 | |
Shares Issued for Reinvested Dividends | | | 8,517 | | | | 82,781 | | | | 5,339 | | | | 53,578 | |
Shares Redeemed | | | — | | | | — | | | | (1 | ) | | | (10 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 8,517 | | | | 82,781 | | | | 356,332 | | | | 3,563,578 | |
| | | | | | | | | | | | | | | | |
Class F | |
Shares Sold | | | — | | | $ | — | | | | 249,951 | | | $ | 2,500,010 | |
Shares Issued for Reinvested Dividends | | | 4,889 | | | | 47,466 | | | | 3,112 | | | | 31,230 | |
Shares Redeemed | | | (49,950 | ) | | | (473,832 | ) | | | (1 | ) | | | (10 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (45,061 | ) | | | (426,366 | ) | | | 253,062 | | | | 2,531,230 | |
| | | | | | | | | | | | | | | | |
Class SDR | |
Shares Sold | | | 1,764,121 | | | $ | 17,560,558 | | | | 7,968,817 | | | $ | 80,000,010 | |
Shares Issued for Reinvested Dividends | | | 50,038 | | | | 497,414 | | | | 49,337 | | | | 495,681 | |
Shares Redeemed | | | (8,125,902 | ) | | | (80,147,825 | ) | | | (1 | ) | | | (10 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (6,311,743 | ) | | | (62,089,853 | ) | | | 8,018,153 | | | | 80,495,681 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 150,587 | | | $ | 766,094 | | | | 9,443,227 | | | $ | 94,752,181 | |
| | | | | | | | | | | | | | | | |
| | (1) | Commenced operations on February 28, 2019. |
| | (2) | Class C of the Securitized Income Fund commenced operations on February 28, 2020 |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| Tax-Aware Bond Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,723,410 | | | $ | 30,536,275 | | | | 2,534,913 | | | $ | 28,415,810 | |
Shares Issued for Reinvested Dividends | | | 129,314 | | | | 1,446,053 | | | | 68,930 | | | | 755,814 | |
Shares Redeemed | | | (1,098,300 | ) | | | (12,306,927 | ) | | | (1,777,407 | ) | | | (19,673,697 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,754,424 | | | | 19,675,401 | | | | 826,436 | | | | 9,497,927 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 228,661 | | | $ | 2,567,436 | | | | 325,219 | | | $ | 3,637,524 | |
Shares Issued for Reinvested Dividends | | | 19,583 | | | | 217,827 | | | | 11,164 | | | | 121,750 | |
Shares Redeemed | | | (181,060 | ) | | | (2,039,469 | ) | | | (92,411 | ) | | | (1,017,093 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 67,184 | | | | 745,794 | | | | 243,972 | | | | 2,742,181 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 18,128,116 | | | $ | 204,446,822 | | | | 12,356,423 | | | $ | 138,106,462 | |
Shares Issued for Reinvested Dividends | | | 598,224 | | | | 6,698,427 | | | | 330,094 | | | | 3,631,801 | |
Shares Redeemed | | | (12,453,205 | ) | | | (139,682,475 | ) | | | (5,474,602 | ) | | | (60,553,758 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 6,273,135 | | | | 71,462,774 | | | | 7,211,915 | | | | 81,184,505 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Issued for Reinvested Dividends | | | 671 | | | | 7,512 | | | | 646 | | | | 7,078 | |
Shares Redeemed | | | — | | | | (3 | ) | | | (2,710 | ) | | | (30,000 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 671 | | | | 7,509 | | | | (2,064 | ) | | | (22,922 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,631,466 | | | $ | 18,408,527 | | | | 1,168,928 | | | $ | 13,046,366 | |
Shares Issued for Reinvested Dividends | | | 83,707 | | | | 938,185 | | | | 37,053 | | | | 408,408 | |
Shares Redeemed | | | (635,600 | ) | | | (7,140,624 | ) | | | (207,705 | ) | | | (2,288,445 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 1,079,573 | | | | 12,206,088 | | | | 998,276 | | | | 11,166,329 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 679,071 | | | $ | 7,715,862 | | | | 276,460 | | | $ | 3,039,087 | |
Shares Issued for Reinvested Dividends | | | 133,183 | | | | 1,484,930 | | | | 105,304 | | | | 1,144,983 | |
Shares Redeemed | | | (688,386 | ) | | | (7,803,953 | ) | | | (678,010 | ) | | | (7,609,000 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 123,868 | | | | 1,396,839 | | | | (296,246 | ) | | | (3,424,930 | ) |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 9,298,855 | | | $ | 105,494,405 | | | | 8,982,289 | | | $ | 101,143,090 | |
| | | | | | | | | | | | | | | | |
| | | | |
| US MidCap Opportunities Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,295,034 | | | $ | 17,576,606 | | | | 1,395,369 | | | $ | 18,900,433 | |
Shares Issued for Reinvested Dividends | | | 39,994 | | | | 614,359 | | | | 148,492 | | | | 1,869,520 | |
Shares Redeemed | | | (2,290,621 | ) | | | (31,642,314 | ) | | | (2,745,633 | ) | | | (37,795,392 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (955,593 | ) | | | (13,451,349 | ) | | | (1,201,772 | ) | | | (17,025,439 | ) |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 334,429 | | | $ | 4,807,929 | | | | 724,496 | | | $ | 10,067,884 | |
Shares Issued for Reinvested Dividends | | | 25,799 | | | | 401,177 | | | | 101,881 | | | | 1,309,177 | |
Shares Redeemed | | | (1,332,162 | ) | | | (19,041,400 | ) | | | (1,670,142 | ) | | | (23,612,797 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (971,934 | ) | | | (13,832,294 | ) | | | (843,765 | ) | | | (12,235,736 | ) |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 6,013,572 | | | $ | 86,511,259 | | | | 12,387,001 | | | $ | 176,704,549 | |
Shares Issued for Reinvested Dividends | | | 265,164 | | | | 4,268,155 | | | | 886,035 | | | | 11,590,976 | |
Shares Redeemed | | | (14,836,185 | ) | | | (214,488,799 | ) | | | (27,060,730 | ) | | | (392,868,620 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (8,557,449 | ) | | | (123,709,385 | ) | | | (13,787,694 | ) | | | (204,573,095 | ) |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 14,647 | | | $ | 200,693 | | | | 58,724 | | | $ | 792,137 | |
Shares Issued for Reinvested Dividends | | | 565 | | | | 8,911 | | | | 1,446 | | | | 18,758 | |
Shares Redeemed | | | (42,185 | ) | | | (637,892 | ) | | | (35,308 | ) | | | (518,682 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (26,973 | ) | | | (428,288 | ) | | | 24,862 | | | | 292,213 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 15,518 | | | $ | 239,097 | | | | 18,328 | | | $ | 258,881 | |
Shares Issued for Reinvested Dividends | | | 259 | | | | 4,116 | | | | 1,456 | | | | 18,966 | |
Shares Redeemed | | | (18,555 | ) | | | (269,708 | ) | | | (34,076 | ) | | | (503,214 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,778 | ) | | | (26,495 | ) | | | (14,292 | ) | | | (225,367 | ) |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| | | | |
| US MidCap Opportunities Fund – (continued) | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 14,557 | | | $ | 204,228 | | | | 116,843 | | | $ | 1,683,332 | |
Shares Issued for Reinvested Dividends | | | 830 | | | | 13,318 | | | | 4,025 | | | | 52,582 | |
Shares Redeemed | | | (28,943 | ) | | | (444,803 | ) | | | (157,215 | ) | | | (2,369,735 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (13,556 | ) | | | (227,257 | ) | | | (36,347 | ) | | | (633,821 | ) |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,006,363 | | | $ | 27,085,522 | | | | 2,387,698 | | | $ | 34,734,049 | |
Shares Issued for Reinvested Dividends | | | 76,744 | | | | 1,235,384 | | | | 187,871 | | | | 2,455,282 | |
Shares Redeemed | | | (4,434,892 | ) | | | (63,212,927 | ) | | | (2,747,706 | ) | | | (40,197,854 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,351,785 | ) | | | (34,892,021 | ) | | | (172,137 | ) | | | (3,008,523 | ) |
| | | | | | | | | | | | | | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 1,381,323 | | | $ | 19,610,748 | | | | 1,858,107 | | | $ | 26,939,675 | |
Shares Issued for Reinvested Dividends | | | 36,082 | | | | 581,769 | | | | 82,249 | | | | 1,075,457 | |
Shares Redeemed | | | (1,275,220 | ) | | | (18,368,516 | ) | | | (1,616,038 | ) | | | (23,787,613 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 142,185 | | | | 1,824,001 | | | | 324,318 | | | | 4,227,519 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 623,631 | | | $ | 9,238,983 | | | | 2,459,704 | | | $ | 35,321,321 | |
Shares Issued for Reinvested Dividends | | | 51,452 | | | | 830,635 | | | | 103,292 | | | | 1,352,705 | |
Shares Redeemed | | | (3,456,941 | ) | | | (55,712,445 | ) | | | (1,347,036 | ) | | | (19,870,606 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (2,781,858 | ) | | | (45,642,827 | ) | | | 1,215,960 | | | | 16,803,420 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | (15,519,741 | ) | | $ | (230,385,915 | ) | | | (14,490,867 | ) | | $ | (216,378,829 | ) |
| | | | | | | | | | | | | | | | |
| |
| US Small Cap Opportunities Fund | | | |
Class A | | | | | | | | | | | | | | | | |
Shares Sold | | | 464,472 | | | $ | 10,513,320 | | | | 351,863 | | | $ | 8,393,071 | |
Shares Issued for Reinvested Dividends | | | 44,207 | | | | 1,122,066 | | | | 59,679 | | | | 1,269,289 | |
Shares Redeemed | | | (293,039 | ) | | | (6,419,169 | ) | | | (144,087 | ) | | | (3,490,218 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 215,640 | | | | 5,216,217 | | | | 267,455 | | | | 6,172,142 | |
| | | | | | | | | | | | | | | | |
Class C | | | | | | | | | | | | | | | | |
Shares Sold | | | 96,832 | | | $ | 2,425,589 | | | | 87,016 | | | $ | 2,119,060 | |
Shares Issued for Reinvested Dividends | | | 14,029 | | | | 363,339 | | | | 28,097 | | | | 613,652 | |
Shares Redeemed | | | (85,890 | ) | | | (1,926,037 | ) | | | (107,604 | ) | | | (2,622,739 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 24,971 | | | | 862,891 | | | | 7,509 | | | | 109,973 | |
| | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | |
Shares Sold | | | 3,443,438 | | | $ | 83,623,348 | | | | 1,715,671 | | | $ | 43,830,966 | |
Shares Issued for Reinvested Dividends | | | 267,211 | | | | 7,158,748 | | | | 409,497 | | | | 9,144,178 | |
Shares Redeemed | | | (2,972,119 | ) | | | (67,833,627 | ) | | | (1,046,256 | ) | | | (25,702,015 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 738,530 | | | | 22,948,469 | | | | 1,078,912 | | | | 27,273,129 | |
| | | | | | | | | | | | | | | | |
Class R3 | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,177 | | | $ | 223,702 | | | | 4,254 | | | $ | 102,890 | |
Shares Issued for Reinvested Dividends | | | 187 | | | | 4,953 | | | | 275 | | | | 6,097 | |
Shares Redeemed | | | (3,484 | ) | | | (85,582 | ) | | | (2,869 | ) | | | (73,330 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 5,880 | | | | 143,073 | | | | 1,660 | | | | 35,657 | |
| | | | | | | | | | | | | | | | |
Class R4 | | | | | | | | | | | | | | | | |
Shares Sold | | | 2,691 | | | $ | 67,760 | | | | 10,994 | | | $ | 283,414 | |
Shares Issued for Reinvested Dividends | | | 495 | | | | 13,210 | | | | 42 | | | | 928 | |
Shares Redeemed | | | (4,857 | ) | | | (129,117 | ) | | | (1,814 | ) | | | (46,278 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | (1,671 | ) | | | (48,147 | ) | | | 9,222 | | | | 238,064 | |
| | | | | | | | | | | | | | | | |
Class R5 | | | | | | | | | | | | | | | | |
Shares Sold | | | 9,115 | | | $ | 215,817 | | | | 2,106 | | | $ | 55,043 | |
Shares Issued for Reinvested Dividends | | | 170 | | | | 4,561 | | | | 76 | | | | 1,691 | |
Shares Redeemed | | | (193 | ) | | | (4,710 | ) | | | (5 | ) | | | (134 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 9,092 | | | | 215,668 | | | | 2,177 | | | | 56,600 | |
| | | | | | | | | | | | | | | | |
Class Y | | | | | | | | | | | | | | | | |
Shares Sold | | | 174,823 | | | $ | 4,133,695 | | | | 128,832 | | | $ | 3,308,681 | |
Shares Issued for Reinvested Dividends | | | 48,634 | | | | 1,302,907 | | | | 91,347 | | | | 2,040,823 | |
Shares Redeemed | | | (219,884 | ) | | | (5,234,892 | ) | | | (140,942 | ) | | | (3,619,163 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 3,573 | | | | 201,710 | | | | 79,237 | | | | 1,730,341 | |
| | | | | | | | | | | | | | | | |
Notes to Financial Statements – (continued)
October 31, 2020
| | | | | | | | | | | | | | | | |
| | | For the Year Ended
October 31, 2020 | | | For the Year Ended
October 31, 2019 | |
| | | Shares | | | Amount | | | Shares | | | Amount | |
| |
| US Small Cap Opportunities Fund – (continued) | | | |
Class F | | | | | | | | | | | | | | | | |
Shares Sold | | | 366,918 | | | $ | 8,709,292 | | | | 83,264 | | | $ | 2,135,611 | |
Shares Issued for Reinvested Dividends | | | 8,742 | | | | 234,558 | | | | 9,328 | | | | 208,483 | |
Shares Redeemed | | | (116,641 | ) | | | (2,581,035 | ) | | | (32,939 | ) | | | (819,850 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 259,019 | | | | 6,362,815 | | | | 59,653 | | | | 1,524,244 | |
| | | | | | | | | | | | | | | | |
Class SDR | | | | | | | | | | | | | | | | |
Shares Sold | | | 714,406 | | | $ | 15,697,346 | | | | 7,073 | | | $ | 183,767 | |
Shares Issued for Reinvested Dividends | | | 21,587 | | | | 579,811 | | | | 42,875 | | | | 959,593 | |
Shares Redeemed | | | (194,734 | ) | | | (4,709,065 | ) | | | (40,314 | ) | | | (938,014 | ) |
| | | | | | | | | | | | | | | | |
Net Increase (Decrease) | | | 541,259 | | | | 11,568,092 | | | | 9,634 | | | | 205,346 | |
| | | | | | | | | | | | | | | | |
Total Net Increase (Decrease) | | | 1,796,293 | | | $ | 47,470,788 | | | | 1,515,459 | | | $ | 37,345,496 | |
| | | | | | | | | | | | | | | | |
Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.
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.
| 15. | Recent Accounting Pronouncement: |
Upon initial adoption, the impacted Funds adjusted the cost of their callable debt securities by the cumulative amount of amortization that would have been recognized had the amortization period initially extended only to the earliest call date, with a corresponding reclassification between interest income and net realized gain (loss) on investments or net unrealized appreciation (depreciation) of investments in the Statements of Operations. The adoption of the ASU does not affect the impacted Funds’ net asset values and the cumulative effect to the impacted Funds resulting from the adoption of amending the amortization period to the earliest call date for callable debt securities is as follows:
| | | | | | | | | | | | | | | | | | | | |
| | | | | | For the Year Ended October 31, 2020 | |
Funds | | Cost of Investments
As of
November 1, 2019 | | | Interest
Income | | | Net Unrealized
Appreciation
(Depreciation)
of Investments | | | Net Realized
Gains (Loss)
on Investments | | | Distributable
Earnings | |
Emerging Market Multi-Sector Bond Fund | | $ | (4,259 | ) | | $ | (3,365 | ) | | $ | (1,444 | ) | | $ | 4,809 | | | $ | 4,259 | |
Tax-Aware Bond Fund | | | 59,158 | | | | 49,176 | | | | (8,391 | ) | | | (40,785 | ) | | | (59,158 | ) |
In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.
ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.
In March 2020, FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848); Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The guidance is applicable to contracts referencing LIBOR or another reference rate that is expected to be discontinued due to reference rate reform. The ASU is effective as of March 12, 2020 and generally can be applied through December 31, 2022. Management is evaluating the underlying securities referencing LIBOR or another reference rate that is expected to be discontinued over the period of time the ASU is effective.
Notes to Financial Statements – (continued)
October 31, 2020
| 16. | Change in Independent Registered Public Accounting Firm: |
On November 6, 2019, the Company, on behalf of each of Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, International Multi-Cap Value Fund, International Stock Fund, Securitized Income Fund, Tax-Aware Bond Fund, US MidCap Opportunities Fund and US Small Cap Opportunities Fund, dismissed Ernst and Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the issuance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal periods ended October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal year ended on October 31, 2018 and October 31, 2019, and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On November 6, 2019, the Audit Committee of the Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for each of Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, International Multi-Cap Value Fund, International Stock Fund, Securitized Income Fund, Tax-Aware Bond Fund, US MidCap Opportunities Fund and US Small Cap Opportunities Fund for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by the Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K). PwC has also been appointed to serve as the independent registered public accounting firm for the China A Fund for the fiscal year ended October 31, 2020.
In connection with the preparation of the financial statements of the Funds as of and for the year or period ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.
In November 2020, the President of the United States issued an Executive Order (the “Order”) to prohibit, among others, any transaction by any U.S. person in publicly traded securities of certain companies determined to be affiliated with China’s military. The Order, which takes effect on January 11, 2021, is intended to prevent China from exploiting U.S. investors to finance the development and modernization of its military. Such securities may be subject to increased volatility risk and liquidity risk.
|
| Report of Independent Registered Public Accounting Firm |
To the Board of Directors of
The Hartford Mutual Funds II, Inc. and Shareholders of Hartford Schroders China A Fund, Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Securitized Income Fund, Hartford Schroders Tax-Aware Bond Fund, Hartford Schroders US MidCap Opportunities Fund and Hartford Schroders US Small Cap Opportunities Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds indicated in the table below (nine of the funds constituting The Hartford Mutual Funds II, Inc., hereafter collectively referred to as the “Funds”) as of October 31, 2020, the related statements of operations, changes in net assets and cash flows for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of each of their operations, the changes in each of their net assets, each of their cash flows, and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.
|
| Fund Name |
| Hartford Schroders China A Fund(2) |
| Hartford Schroders Emerging Markets Equity Fund(1) |
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund(1) |
| Hartford Schroders International Multi-Cap Value Fund(1) |
| Hartford Schroders International Stock Fund(1) |
| Hartford Schroders Securitized Income Fund(3) |
| Hartford Schroders Tax-Aware Bond Fund(1) |
| Hartford Schroders US MidCap Opportunities Fund(1) |
| Hartford Schroders US Small Cap Opportunities Fund(1) |
(1) Statement of operations, statement of changes in net assets and financial highlights for the year ended October 31, 2020. (2) Statement of operations, statement of changes in net assets and financial highlights for the period March 31, 2020 (commencement of operations) through October 31, 2020. (3) Statements of operations, changes in net assets and cash flows for the year ended October 31, 2020 and financial highlights for the year ended October 31, 2020 and the period February 28, 2020 (commencement of operations) through October 31, 2020. |
The financial statements of Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Securitized Income Fund, Hartford Schroders Tax-Aware Bond Fund, Hartford Schroders US MidCap Opportunities Fund and Hartford Schroders US Small Cap Opportunities Fund as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 29, 2020
We have served as the auditor of one or more Hartford Funds investment companies since 2020.
Operation of the Liquidity Risk Management Program (Unaudited)
This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Board of Directors (“Board”) of The Hartford Mutual Funds II, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.
The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.
At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:
| • | | the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk); |
| • | | an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation; |
| • | | the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM; |
| • | | whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and |
| • | | any material changes to the LRM Program. |
In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.
Since the inception of the LRM Program, HFMC has not reduced the HLIM for any Fund. HFMC reported that it has increased the HLIM for Hartford Schroders Securitized Income Fund and Hartford Schroders Tax-Aware Bond Fund, and discussed its rationale for the changes.
Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.
Directors and Officers of the Company (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, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.
| | | | | | | | | | |
NAME, YEAR OF BIRTH AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| NON-INTERESTED DIRECTORS* |
| | | | | |
HILARY E. ACKERMANN (1956) | | Director | | Since 2014 | | Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011. | | 73 | | Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present. |
| | | | | |
ROBIN C. BEERY (1967) | | Director | | Since 2017 | | Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014. | | 73 | | Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee. |
| | | | | |
LYNN S. BIRDSONG (1946) | | Director and Chair of the Board | | Director since 2003; Chair of the Board since 2019 | | From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. | | 73 | | None |
| | | | | |
CHRISTINE R. DETRICK (1958) | | Director | | Since 2016 | | Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012. | | 73 | | Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present). |
| | | | | |
DUANE E. HILL(4) (1945) | | Director | | Since 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. | | 73 | | None |
| | | | | |
LEMMA W. SENBET (1946) | | Director | | Since 2005 | | Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018. | | 73 | | None |
| | | | | |
DAVID SUNG (1953) | | Director | | Since 2017 | | Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014. | | 73 | | Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present). |
Directors and Officers of the Company (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| OFFICERS AND INTERESTED DIRECTORS |
| | | | | |
JAMES E. DAVEY(5) (1964) | | Director, President and Chief Executive Officer | | President and Chief Executive Officer since 2010; Director since 2012 | | Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG. | | 73 | | None |
| | | | | |
ANDREW S. DECKER (1963)
| | AML Compliance Officer | | Since 2015 | | Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015. | | N/A | | N/A |
| | | | | |
AMY N. FURLONG (1979) | | Vice President and Treasurer | | Since 2018 | | Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
WALTER F. GARGER (1965) | | Vice President and Chief Legal Officer | | Since 2016 | | Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995. | | N/A | | N/A |
| | | | | |
THEODORE J. LUCAS (1966) | | Vice President | | Since 2017 | | Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016). | | N/A | | N/A |
| | | | | |
JOSEPH G. MELCHER (1973) | | Vice President and Chief Compliance Officer | | Since 2013 | | Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019). | | N/A | | N/A |
Directors and Officers of the Company (Unaudited) – (continued)
| | | | | | | | | | |
NAME, YEAR OF BIRTH AND ADDRESS(1) | | POSITION
HELD WITH
THE COMPANY | | TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED | | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | | NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR | | OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR |
| | | | | |
VERNON J. MEYER (1964) | | Vice President | | Since 2006 | | Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004. | | N/A | | N/A |
| | | | | |
ALICE A. PELLEGRINO (1960) | | Vice President and Assistant Secretary | | Since 2016 | | Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007. | | N/A | | N/A |
| | | | | |
THOMAS R. PHILLIPS (1960) | | Vice President and Secretary | | Since 2017 | | Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC. | | N/A | | N/A |
| * | Following their election by shareholders, the following persons become Directors effective November 2, 2020: |
| | Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present). |
| | Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018). |
| | Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present). |
| (1) | The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087. |
| (2) | Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death. |
| (3) | The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund. |
| (4) | Effective December 31, 2020, Mr. Hill will retire from the Board of Directors. |
| (5) | “Interested person,” as defined in the 1940 Act, of the Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies. |
HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.
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 International Multi-Cap Value Fund
Hartford Schroders International Stock Fund
Hartford Schroders Securitized Income Fund
Hartford Schroders Tax-Aware Bond Fund
Hartford Schroders US MidCap Opportunities Fund
Hartford Schroders US Small Cap Opportunities Fund
(each, a “Fund” and collectively, the “Funds”)
Each of the Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Tax-Aware Bond Fund, Hartford Schroders US MidCap Opportunities Fund, and Hartford Schroders US Small Cap Opportunities Fund 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.
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 4-5, 2020, the Board of Directors (the “Board”) of The Hartford Mutual Funds II, Inc. (“HMF II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF II, on behalf of the Funds, and The Hartford Mutual Funds, Inc. (“HMF”), on behalf of its series (the “Management Agreement”); (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 sub-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.,” and together with SIMNA Inc., the “Sub-advisers,” and collectively with HFMC, the “Advisers”) on behalf of Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders International Stock Fund, Hartford Schroders Tax-Aware Bond Fund, and Hartford Schroders International Multi-Cap Value Fund (collectively, the “Sub-Sub-Advised Funds”).
In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.
The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreement.
In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.
With respect to HFMC, the Board noted that, under the Management 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 that were not delegated to or assumed by the Sub-advisers. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of each Sub-adviser and ongoing oversight of each Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by each Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the securities lending program for the Funds that engage in securities lending and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.
With respect to 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 Sub-adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and each Sub-adviser’s method for compensating the portfolio manager(s). The Board also considered the Sub-advisers’ succession planning practices to ensure continuity of portfolio management services provided to the Funds.
The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.
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 any 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, except Hartford Schroders Tax-Aware Bond 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 noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. The Board also noted that, for the Hartford Schroders Securitized Income 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 continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.
In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and each Sub-adviser’s overall capabilities to manage the Funds, as applicable.
Costs of the Services and Profitability of the Advisers
The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-advisers. The Board considered representations from HFMC and 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 are paid by HFMC and not the Funds. The Board also considered that SIMNA Ltd. is an affiliate of SIMNA Inc. and that SIMNA Ltd.’s sub-sub-advisory fees would be paid by SIMNA Inc., not the Sub-Sub-Advised 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 that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound and consistent with common industry practice.
Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
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 the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.
The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.
The Board received information regarding fees charged by HFMC to another Hartford fund that is an exchange-traded fund (“ETF”) with investment strategies similar to those of the Hartford Schroders Tax-Aware Bond Fund. The Board reviewed information about structural, operational and other differences between the ETF and the Hartford Schroders Tax-Aware Bond Fund, including differences in the services provided to each type of product and differences in the marketplace in which each type of product must compete. The Board also received information regarding fees charged by the Sub-advisers to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which a Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-advisers about any differences between a Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.
Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters considered, were reasonable in light of the services provided.
Economies of Scale
The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders. The Board also noted that, for each of the Hartford Schroders Emerging Markets Multi-Sector Bond Fund and the Hartford Schroders US Small Cap Opportunities Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.
The Board reviewed and evaluated materials from Broadridge and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Broadridge, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.
Other Benefits
The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.
The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
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, on behalf of its series, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board 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 it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.
Hartford Schroders Emerging Markets Equity Fund
| • | | The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 4th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
| • | | The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1-, 3-year, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team. |
| • | | The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee 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 1.15% through February 28, 2021, 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- and 3-year periods and in the 2nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 4th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021. |
Hartford Schroders International Stock Fund
| • | | The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1- and 3-year periods and the 2nd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.15% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders Securitized Income Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period. |
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
| • | | The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 1st quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.10% through February 28, 2021, 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 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 in line with its benchmark for the 1-, 3-, and 5-year periods. |
| • | | The Board noted that the Fund’s contractual management fee and actual management fee were in the 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 0.71% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses. |
Hartford Schroders US MidCap Opportunities 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 below its benchmark for the 3-year period. |
| • | | The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 3rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from an investment management fee reduction implemented in 2019. |
Hartford Schroders US Small Cap Opportunities Fund
| • | | The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. |
| • | | The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile of its expense group, while its actual management fee was in the 5th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.35% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses. |
* * * *
Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.
Supplemental Proxy Information (Unaudited)
A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:
The results of the shareholders’ election of Directors were as follows:
| | | | | | | | | | | | |
The Harford Mutual Funds II, Inc. Shares Outstanding (as of Record Date): 768,594,114.957 Total Shares Voted: 566,699,328.863 Percentage of Shares Voted: 73.731% | |
| Director | | Vote | | Total Shares Voted | | Percentage of
Shares Voted | | | Percentage
of Shares
Outstanding | |
Hilary E. Ackermann | | For: | | 556,660,539.359 | | | 98.229 | % | | | 72.425 | % |
| | Withheld: | | 10,038,789.504 | | | 1.771 | % | | | 1.306 | % |
Robin C. Beery | | For: | | 556,944,922.870 | | | 98.279 | % | | | 72.462 | % |
| | Withheld: | | 9,754,405.993 | | | 1.721 | % | | | 1.269 | % |
Lynn S. Birdsong | | For: | | 556,292,460.990 | | | 98.164 | % | | | 72.377 | % |
| | Withheld: | | 10,406,867.873 | | | 1.836 | % | | | 1.354 | % |
Derrick D. Cephas | | For: | | 556,856,991.347 | | | 98.264 | % | | | 72.451 | % |
| | Withheld: | | 9,842,337.516 | | | 1.736 | % | | | 1.280 | % |
James E. Davey | | For: | | 557,044,179.884 | | | 98.297 | % | | | 72.475 | % |
| | Withheld: | | 9,655,148.979 | | | 1.703 | % | | | 1.256 | % |
Christine R. Detrick | | For: | | 557,270,841.428 | | | 98.337 | % | | | 72.505 | % |
| | Withheld: | | 9,428,487.435 | | | 1.663 | % | | | 1.226 | % |
Andrew A. Johnson | | For: | | 556,714,377.226 | | | 98.239 | % | | | 72.432 | % |
| | Withheld: | | 9,984,951.637 | | | 1.761 | % | | | 1.299 | % |
Paul L. Rosenberg | | For: | | 556,427,961.551 | | | 98.188 | % | | | 72.395 | % |
| | Withheld: | | 10,271,367.312 | | | 1,812 | % | | | 1.336 | % |
Lemma W. Senbet | | For: | | 556,309,838.539 | | | 98.167 | % | | | 72.380 | % |
| | Withheld: | | 10,389,490.324 | | | 1.833 | % | | | 1.351 | % |
David Sung | | For: | | 556,545,785.718 | | | 98.209 | % | | | 72.410 | % |
| | Withheld: | | 10,153,543.145 | | | 1.791 | % | | | 1.321 | % |
As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
CUSTOMER PRIVACY NOTICE
The Hartford Financial Services Group, Inc. and Affiliates*
(herein called “we, our, and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
of Personal Information.
This notice describes how we collect, disclose, and protect Personal Information.
We collect Personal Information to:
a) service your Transactions with us; and
b) support our business functions.
We may obtain Personal Information from:
a) You;
b) your Transactions with us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or service You apply for or get from us, Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications, Transactions, and consumer reports.
To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.
As allowed by law, we may share Personal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
to You without providing You with an option to prevent these disclosures.
We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serve You and service our business.
When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint agreement between us and one or more financial institutions.
We, and third parties we partner with, may track some of the pages You visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.
For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.
We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:
a) “opt-out;” or
b) “opt-in;”
as required by law.
We only disclose Personal Health Information with:
a) your authorization; or
b) as otherwise allowed or required by law.
Our employees have access to Personal Information in the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.
We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.
Some techniques we use to protect Personal Information include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.
We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data; and
c) grant access to protected data only to those people who must use it in the performance of their job-related duties.
Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.
We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service.
Personal Financial Information means financial information such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.
Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.
Personal Health Information means health information such as:
a) your medical records; or
b) information about your illness, disability or injury.
Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:
a) Personal Financial Information; and
b) Personal Health Information.
Transaction means your business dealings with us, such as:
a) your Application;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.
You means an individual who has given us Personal Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.
This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.
Revised March 2020
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a sub-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-HSE20 12/20 219826 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 David Sung as an Audit Committee Financial Expert. Mr. Sung is considered by the Board to be an independent director.
Item 4. Principal Accountant Fees and Services.
| | (a) | Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were: |
| | | $243,000 for the fiscal year ended October 31, 2019; $261,500 for the fiscal year ended October 31, 2020. |
| | (b) | Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were: |
| | | $0 for the fiscal year ended October 31, 2019; $0 for the fiscal year ended October 31, 2020. |
| | (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: |
| | | $98,573 for the fiscal year ended October 31, 2019; $70,962 for the fiscal year ended October 31, 2020. Tax-related services were principally in connection with, but not limited to, general tax services, excise tax and Passive Foreign Investment Company (PFIC) analysis. |
| | (d) | All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were: |
| | | $0 for the fiscal year ended October 31, 2019; $0 for the fiscal year ended October 31, 2020. |
| | (e) | (1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the registrant may be pre-approved. The following are some main provisions from the Policy. |
| | 1. | The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund. |
| | 2. | The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting. |
| | 3. | The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy. |
| | 4. | The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services. |
| | 5. | The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex. |
| | (e) | (2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c) (7) (i) (c) of Rule 2-01 of Regulation S-X. |
| | (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: $98,573 for the fiscal year ended October 31, 2019; $70,962 for the fiscal year ended October 31, 2020. |
| | (h) | The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
| | (a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to this requirement.
Item 11. Controls and Procedures.
| | (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| | (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
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, 2021 | | | | By: | | /s/ James E. Davey |
| | | | | | James E. Davey |
| | | | | | President and Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | | | | | |
| Date: January 8, 2021 | | | | By: | | /s/ James E. Davey |
| | | | | | James E. Davey |
| | | | | | | President and Chief Executive Officer |
| | | | | | |
| Date: January 8, 2021 | | | | By: | | /s/ Amy N. Furlong |
| | | | | | Amy N. Furlong |
| | | | | | | Treasurer |
| | | | | | | (Principal Financial Officer and Principal Accounting
Officer) |
