0000049905 hmfiii:C000172619Member oef:WithoutSalesLoadMember 2015-10-31 0000049905 hmfiii:C000148303Member us-gaap:ShortTermInvestmentsMember 2024-10-31
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
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)
Copy to:
John V. O’Hanlon, Esquire
Dechert LLP
One International Place, 40th Floor
100 Oliver Street
Boston, Massachusetts 02110-2605
Registrant's telephone number, including area code:
Date of reporting period:
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
(a)
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class A/HGOAX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $140 | 1.10% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 1.07%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 45.77% | 15.12% | 13.69% |
| Class A (without 5.50% maximum front-end sales charge) | 54.25% | 16.43% | 14.34% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class C/HGOCX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $243 | 1.92% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 1.89%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 51.97% | 15.54% | 13.48% |
| Class C (without 1.00% contingent deferred sales charge) | 52.97% | 15.54% | 13.48% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class I/HGOIX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $109 | 0.86% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 0.83%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 54.65% | 16.72% | 14.62% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective July 1, 2024, Hartford Administrative Services Company, the Fund’s transfer agent, contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class I of the Fund as follows: 0.107% of the average daily net assets attributable to the class. This contractual arrangement will remain in effect until February 28, 2025 unless the Board of Directors of the Fund approves its earlier termination.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class R3/HGORX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $188 | 1.48% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 1.44%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 53.69% | 16.01% | 13.95% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class R4/HGOSX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $147 | 1.16% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 1.13%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 54.16% | 16.37% | 14.29% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class R5/HGOTX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $111 | 0.87% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 0.83%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 54.65% | 16.70% | 14.62% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class R6/HGOVX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R6 | $98 | 0.77% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 0.73%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R6 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R6 | 54.76% | 16.83% | 14.74% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Class R6 shares commenced operations on November 7, 2014 and performance prior to that date is that of the Fund’s Class Y shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class Y/HGOYX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $107 | 0.84% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 0.81%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 54.65% | 16.74% | 14.69% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Growth Opportunities Fund
Class F/HGOFX
This annual shareholder report contains important information about The Hartford Growth Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $98 | 0.77% |
Costs paid include the impact of expenses associated with the Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the expense ratio would be as follows: 0.73%. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 3000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Security selection contributed positively to relative results. Strong security selection in the Information Technology, Financials, and Consumer Discretionary sectors contributed to relative returns.
Sector allocation, a result of the team’s bottom-up stock selection process, also contributed to relative returns. Allocation effect was driven by the Fund’s overweight to the Communication Services sector and underweights to the Consumer Staples and Industrials sectors.
Top individual contributors over the period were an overweight position in NVIDIA (Information Technology), an underweight position in Apple (Information Technology), and an out-of-benchmark position in ARM Holdings (Information Technology).
Top Detractors to Performance
Security selection within the Communication Services, Real Estate, and Consumer Staples sectors detracted from relative results.
The Fund’s underweight position to the Information Technology sector and overweight to the Healthcare and Real Estate sectors detracted from relative results.
The largest individual detractors over the period were overweight positions in Pinterest (Communication Services) and Dexcom (Healthcare), and an underweight position in QUALCOMM (Information Technology).
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 54.77% | 16.83% | 14.71% |
| Russell 3000 Growth Index | 43.42% | 18.34% | 15.66% |
| Russell 1000 Growth Index | 43.77% | 19.00% | 16.18% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The Russell 3000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 1000 Growth Index serves as the Fund’s secondary performance index. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $5,478,445,304% |
| Total number of portfolio holdings (excluding derivatives, if any) | $54% |
| Total investment management fees paid | $35,614,835% |
| Portfolio turnover rate | $104% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Information Technology | 44.6 | % |
| Communication Services | 18.8 | % |
| Consumer Discretionary | 10.7 | % |
| Health Care | 10.0 | % |
| Industrials | 7.3 | % |
| Financials | 5.5 | % |
| Real Estate | 1.3 | % |
| Energy | 0.9 | % |
| Short-Term Investments | 0.2 | % |
| Other Assets & Liabilities | 0.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class A/HSLAX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $153 | 1.32% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 25.25% | 5.47% | 6.87% |
| Class A (without 5.50% maximum front-end sales charge) | 32.54% | 6.67% | 7.47% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class C/HSLCX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $246 | 2.13% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 30.45% | 5.88% | 6.71% |
| Class C (without 1.00% contingent deferred sales charge) | 31.45% | 5.88% | 6.71% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
The expense ratio materially changed from the prior fiscal year due to changes in operating expenses.
For more complete information, you may review the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class I/HSLIX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $112 | 0.96% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 33.00% | 7.06% | 7.84% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class R3/HSLRX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $182 | 1.57% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 32.20% | 6.39% | 7.19% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class R4/HSLSX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $148 | 1.27% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 32.59% | 6.71% | 7.52% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class R5/HSLTX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $113 | 0.97% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 32.98% | 7.04% | 7.85% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
The expense ratio materially changed from the prior fiscal year due to changes in operating expenses.
For more complete information, you may review the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class R6/HSLVX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R6 | $101 | 0.87% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R6 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R6 | 33.13% | 7.15% | 7.94% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Class R6 shares commenced operations on November 7, 2014 and performance prior to that date is that of the Fund’s Class Y shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class Y/HSLYX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $108 | 0.93% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 33.05% | 7.09% | 7.91% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
The Hartford Small Cap Growth Fund
Class F/HSLFX
This annual shareholder report contains important information about The Hartford Small Cap Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $100 | 0.86% |
Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities, as measured by the S&P 500 Index, rose over the trailing twelve-month period ending October 31, 2024, with the S&P 500 Index surging to a record high that was driven by performance in a select group of mega-cap technology companies. The U.S. Federal Reserve (Fed) began easing monetary policy with an interest-rate cut of 50 basis points in September 2024 in an effort to generate a soft landing for the economy. Markets were also kept on edge in the third quarter of 2024 due to the anticipated extremely close presidential race between Vice President Kamala Harris and former President Donald Trump. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Growth Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation, a result of the team’s bottom-up stock selection process, contributed to relative performance over the period due to the Fund’s lack of exposure to the Utilities sector and overweight allocations to the Information Technology and Real Estate sectors.
Security selection within the Industrials, Consumer Staples, and Materials sectors contributed positively to performance.
Top individual contributors over the period were overweight positions in FTAI Aviation (Industrials) and StepStone Group (Financials) and an out-of-benchmark position in Freshpet (Consumer Staples).
Top Detractors to Performance
Security selection was the primary detractor from relative performance, driven by weak selection within the Information Technology, Health Care, and Communication Services sectors.
The largest individual detractors over the period were underweight positions in Super Micro Computer (Information Technology) and MicroStrategy (Information Technology) and not owning Sprouts Farmers Market (Consumer Staples).
An underweight allocation to the Consumer Staples sector and overweight allocations to the Consumer Discretionary and Materials sectors also detracted from relative performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Wellington Management Company LLP, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 33.13% | 7.15% | 7.92% |
| Russell 2000 Growth Index | 36.49% | 7.92% | 8.15% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The Russell 2000 Growth Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $349,549,466% |
| Total number of portfolio holdings (excluding derivatives, if any) | $158% |
| Total investment management fees paid | $3,117,074% |
| Portfolio turnover rate | $68% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Health Care | 26.4 | % |
| Industrials | 23.0 | % |
| Information Technology | 19.5 | % |
| Consumer Discretionary | 9.7 | % |
| Financials | 9.5 | % |
| Materials | 4.3 | % |
| Consumer Staples | 2.8 | % |
| Energy | 2.4 | % |
| Real Estate | 2.2 | % |
| Short-Term Investments | 0.7 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class A/HSHAX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $149 | 1.45% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class A (with 5.50% maximum front-end sales charge) | (0.12)% | 2.27% |
| Class A (without 5.50% maximum front-end sales charge) | 5.70%) | 3.54% |
| MSCI China A Onshore Index (Net) | 14.15%) | 3.87% |
| MSCI China All Shares Index (Net) | 18.47%) | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class C/HSHCX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $218 | 2.13% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class C (with 1.00% contingent deferred sales charge) | 3.98% | 3.06% |
| Class C (without 1.00% contingent deferred sales charge) | 4.98% | 3.06% |
| MSCI China A Onshore Index (Net) | 14.15% | 3.87% |
| MSCI China All Shares Index (Net) | 18.47% | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class I/HSHIX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $118 | 1.15% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class I | 6.00% | 3.80% |
| MSCI China A Onshore Index (Net) | 14.15% | 3.87% |
| MSCI China All Shares Index (Net) | 18.47% | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class Y/HSHYX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $114 | 1.11% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class Y | 6.03% | 3.87% |
| MSCI China A Onshore Index (Net) | 14.15% | 3.87% |
| MSCI China All Shares Index (Net) | 18.47% | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class F/HSHFX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $102 | 0.99% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class F | 6.15% | 3.97% |
| MSCI China A Onshore Index (Net) | 14.15% | 3.87% |
| MSCI China All Shares Index (Net) | 18.47% | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders China A Fund
Class SDR/HSHRX
This annual shareholder report contains important information about the Hartford Schroders China A Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $102 | 0.99% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The China equity market posted positive returns, as measured by the MSCI China All Shares Index (Net), for the twelve-month period ended October 31, 2024. State-owned enterprises and defensive sectors including energy, banks and utilities performed well, as investors were still unsure about the growth outlook in China and preferred defensive plays. Growth and small and mid-cap space of the markets, on the other hand, underperformed. Fund performance described below is relative to the Fund’s performance index, the MSCI China A Onshore Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
At the sector level, the underweight position in the Consumer Staples sector was the key contributor. Stock selection in the Materials and Consumer Discretionary sectors also contributed to the performance.
At the stock level, WUS Printed Circuit, was the key contributor on the back of market optimism around artificial intelligence (AI) server growth. Insurance company Ping An Insurance also performed well in the up market as insurance companies are generally more sensitive to market volatility given they are also an investor in the market. Shenzhen Envicool was another major contributor. The stock rose because of strong earnings growth in the first half of 2024 driven by the boom in internet data centre (IDC) liquid cooling market as well as effective cost management.
Top Detractors to Performance
From a sector perspective, the underweight position in the Financials sector and overweight position in the Health Care sector were the main detractors. Stock selection effect was also unfavourable, and it was notably weaker in the Industrials and Information Technology sectors.
On the stock level, the Fund’s health care holdings, including Micro-Tech (Nanjing) and Wuxi Apptec, were key detractors during the period as global investor’s concern over the negative impacts to Chinese health care companies given the proposed biosecurity bill. Piesat Information Technology, a satellite solution provider, was another negative factor. Its share price was weak due to market concern on restrained government spending.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(March 31, 2020) |
| Class SDR | 6.15% | 3.97% |
| MSCI China A Onshore Index (Net) | 14.15% | 3.87% |
| MSCI China All Shares Index (Net) | 18.47% | 0.70% |
The MSCI China A Onshore Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI China All Shares Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $15,938,368% |
| Total number of portfolio holdings | $62% |
| Total investment management fees paid | $163,953% |
| Portfolio turnover rate | $57% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 21.1 | % |
| Materials | 16.6 | % |
| Financials | 14.3 | % |
| Information Technology | 10.6 | % |
| Consumer Discretionary | 9.4 | % |
| Health Care | 9.4 | % |
| Consumer Staples | 7.8 | % |
| Communication Services | 2.7 | % |
| Real Estate | 2.6 | % |
| Energy | 2.5 | % |
| Utilities | 1.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class I/HSAEX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $54 | 0.51% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class I | 10.72% | 0.18%) | 1.52% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Class I shares commenced operations on November 12, 2021 and performance prior to this date reflects the historical performance, fees and expenses of the Predecessor Fund’s Investor Shares and, prior to June 29, 2020 (the inception date of the Predecessor Fund’s Investor Shares), the historical performance, fees and expenses of the Predecessor Fund’s R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class R3/HSACX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $77 | 0.73% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class R3 | 10.58% | 0.10%) | 1.46% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Class R3 shares commenced operations on November 12, 2021 and performance prior to this date reflects the historical performance, fees and expenses of the Predecessor Fund’s R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class R4/HSSBX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $72 | 0.68% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class R4 | 10.50% | 0.12%) | 1.48% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Class R4 shares commenced operations on November 12, 2021 and performance prior to this date reflects the historical performance, fees and expenses of the Predecessor Fund’s R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class R5/HSADX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $48 | 0.46% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class R5 | 10.80% | 0.21%) | 1.54% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Class R5 shares commenced operations on November 12, 2021 and performance prior to this date reflects the historical performance, fees and expenses of the Predecessor Fund’s R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class Y/SCBIX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $42 | 0.40% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class Y | 10.87% | 0.23%) | 1.56% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Prior to the Core Bond Reorganization, Class Y shares were called Investor Shares. Performance for Class Y shares prior to June 29, 2020 (the inception date of the Predecessor Fund’s Investor Shares) reflects the historical performance, fees, and expenses of R6 Shares of the Predecessor Fund.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class F/HSSFX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $38 | 0.36% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class F | 11.05% | 0.30%) | 1.61% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Class F shares commenced operations on November 12, 2021 and performance prior to this date reflects the historical performance, fees and expenses of the Predecessor Fund’s R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Core Fixed Income Fund
(formerly, Hartford Schroders Sustainable Core Bond Fund)
Class SDR/SCBRX
This annual shareholder report contains important information about the Hartford Schroders Core Fixed Income Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $36 | 0.34% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, performed strongly over the trailing twelve-month period ended October 31, 2024 because of strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg US Aggregate Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Sector allocation was the top contributor. The Fund’s relative overweight to the banking sector was the main factor, with the overweight to Real Estate Investment Trusts also being constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to the Fund’s absolute returns.
Top Detractors to Performance
Yield curve impacts detracted as yields fell more notably at shorter maturities relative to longer maturities. This impact reversed modestly as yields began to climb at the end of the period.
The Fund’s holdings in specific agency mortgage-backed securities detracted. The Fund’s holdings in higher coupon bonds underperformed as yields moved higher at the end of the period.
During the period, the Fund used Treasury futures to manage the Fund’s duration. The use of such futures detracted from performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | Since Inception
(January 31, 2018) |
| Class SDR | 10.99% | 0.28%) | 1.60% |
| Bloomberg US Aggregate Bond Index | 10.55% | (0.23)% | 1.27% |
Effective after the close of business on November 12, 2021, the Schroder Core Bond Fund (the “Predecessor Fund”) was reorganized into the Fund (the “Core Bond Reorganization”). The performance information for periods prior to the Core Bond Reorganization is that of the Predecessor Fund. Prior to the Reorganization, Class SDR shares were called R6 Shares.
Performance information for the Fund prior to November 30, 2023 reflects when the Fund pursued a modified investment objective and modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $89,858,221% |
| Total number of portfolio holdings | $189% |
| Total investment management fees paid | $305,420% |
| Portfolio turnover rate | $121% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Corporate Bonds | 42.2 | % |
| U.S. Government Securities | 26.1 | % |
| U.S. Government Agencies^ | 16.5 | % |
| Municipal Bonds | 6.2 | % |
| Asset & Commercial Mortgage-Backed Securities | 6.0 | % |
| Short-Term Investments | 1.4 | % |
| Other Assets & Liabilities | 1.6 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, Hartford Funds Management Company, LLC contractually agreed to reimburse expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to limit total annual fund operating expenses as follows for Class SDR shares: 0.36% of the average daily net assets attributable to the class. The expense limitation arrangement remains in effect until February 28, 2025 unless the Board of Directors of the Fund approves its earlier termination. This limit was previously 0.32%.
Effective November 30, 2023, the Fund changed its name (formerly, Hartford Schroders Sustainable Core Bond Fund), investment objective, and principal investment strategy. As a result of these changes, certain principal risks of the Fund also changed. These changes were initially announced in supplements to the Fund’s summary and statutory prospectus dated September 8, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class A/HSXAX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $143 | 1.29% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative index. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class A (with 5.50% maximum front-end sales charge) | 15.26% | (5.11)% |
| Class A (without 5.50% maximum front-end sales charge) | 21.97% | (3.35)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Class A shares commenced operations on February 28, 2022 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class C/HSXCX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $175 | 1.58% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative index. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class C (with 1.00% contingent deferred sales charge) | 20.65% | (3.88)% |
| Class C (without 1.00% contingent deferred sales charge) | 21.65% | (3.88)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Class C shares commenced operations on February 28, 2022 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class I/HSXIX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $110 | 0.99% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class I | 22.31% | (3.13)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Class I shares commenced operations on February 28, 2022 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class Y/HSXYX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $105 | 0.94% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class Y | 22.34% | (3.06)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Class Y shares commenced operations on February 28, 2022 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class F/HSXFX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $99 | 0.89% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class F | 22.25% | (3.14)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Class F shares commenced operations on February 28, 2022 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Emerging Markets Fund
Class SDR/HSDEX
This annual shareholder report contains important information about the Hartford Schroders Diversified Emerging Markets Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $99 | 0.89% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Favorable positioning and solid stock selection in Emerging Asia were a tailwind over the period. Solid stock selection in what we view to be cheap quality cyclical Brazilian financials also positively contributed.
Robust artificial intelligence (AI) demand bolstered select quality cyclical Taiwanese semiconductor holdings which contributed over the period. In particular, mega cap chip manufacturers TSMC and MediaTek were key positive contributors as these names rallied sharply over the period.
Top Detractors to Performance
Positioning in diversified Asian insurance giant AIA was a key detractor over the period as the shares declined on weak consumer sentiment related to mainland China’s economy.
Challenged stock selection in what we view to be attractively valued Mexican banks detracted as the group weakened in sympathy with skeptical investor sentiment related to the Mexico presidential election outcome in June 2024.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 30, 2021) |
| Class SDR | 22.25% | (3.14)% |
| MSCI Emerging Markets Index (Net) | 25.32% | (1.03)% |
Performance information for the Fund prior to March 1, 2024, reflects when the Fund pursued a modified principal investment strategy.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $62,687,064% |
| Total number of portfolio holdings | $295% |
| Total investment management fees paid | $511,955% |
| Portfolio turnover rate | $99% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 26.5 | % |
| Taiwan | 18.6 | % |
| India | 17.1 | % |
| South Korea | 10.0 | % |
| Brazil | 5.9 | % |
| Mexico | 3.1 | % |
| Saudi Arabia | 3.0 | % |
| South Africa | 2.6 | % |
| Malaysia | 2.1 | % |
| Indonesia | 1.9 | % |
| Other** | 9.1 | % |
| Other Assets & Liabilities | 0.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer apply a sustainable investing framework, but would continue to integrate financially material environmental, social and governance characteristics into the investment process. These changes were initially announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated December 6, 2023.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Growth Fund (Consolidated)
Class I/HFIGX
This annual shareholder report contains important information about the Hartford Schroders Diversified Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $89 | 0.80% |
Costs paid may vary based on the percentage of the Fund’s assets that is invested in one or more mutual funds or exchange traded funds for which Hartford Funds Management Company, LLC or its affiliates serves as investment manager (“Affiliated Funds”). The Fund does not pay a management fee for the portion of the Fund’s assets invested in the Affiliated Funds. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Global equity markets, as measured by MSCI ACWI Index (Net), gained for the twelve-month period ended October 31, 2024 on optimism that interest rates had peaked and easing inflationary pressures. Government bond yields declined over the period, particularly US bonds as they benefitted from growing excitement around impending rate cuts. Fund performance described below is relative to the Fund’s blended benchmark, 50% MSCI ACWI Index (Net)/ 50% Bloomberg US Aggregate Bond Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Within the equity portion of the Fund, the Fund's allocations to our global equity basket were the Fund’s top contributor over the period. Additionally, within US equities, the Fund's allocation to our growth-oriented equity strategy, US Diversified, contributed positively along with the Fund's allocation to S&P 500 index futures as these positions were aided by the rally in risk assets over the period.
Within the fixed income portion of the Fund, the largest contributor to performance was the Fund's allocation to investment grade credit. This was followed by the Fund's investment in high yield debt and mortgage-backed securities.
The Fund's tactical position in SPDR Gold MiniShares Trust ETF was the largest contributor in the alternative asset class as gold reached all-time highs during the year. Cash positioning was also additive over the period due to higher yields.
Top Detractors to Performance
Within the equity portion of the Fund, the largest detractor to performance over the trailing one-year period was the Fund's allocation to UK equities, specifically the Fund’s position in FTSE 100 index futures. Additional losses within the Fund came from our allocation to emerging market equities.
Turning to the fixed income portion of the Fund, government bonds were the Fund’s largest detractor over the period. Despite yields falling in the recent months, the asset class was not able to recoup losses that occurred earlier in the year and thus ultimately detracted.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 20, 2023) |
| Class I | 22.06% | 15.75% |
| 50% MSCI ACWI Index (Net)/ 50% Bloomberg US Aggregate Bond Index | 21.26% | 14.10% |
| MSCI ACWI Index (Net) | 32.79% | 21.95% |
| Bloomberg US Aggregate Bond Index | 10.55% | 6.58% |
| ICE BofA US 3-Month Treasury Bill Index plus 5% | 10.78% | 10.79% |
The blended benchmark and the ICE BofA US 3-Month Treasury Bill Index plus 5% are calculated by Hartford Funds Management Company, LLC.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $77,389,623% |
| Total number of portfolio holdings | $590% |
| Total investment management fees paid | $359,322% |
| Portfolio turnover rate | $51% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Common Stocks | 46.0 | % |
| Exchange-Traded Funds | 24.7 | % |
| U.S. Government Securities | 9.6 | % |
| U.S. Government Agencies^ | 6.3 | % |
| Preferred Stocks | 0.1 | % |
| Short-Term Investments | 24.7 | % |
| Other Assets & Liabilities | (11.4 | )% |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Diversified Growth Fund (Consolidated)
Class SDR/HFSGX
This annual shareholder report contains important information about the Hartford Schroders Diversified Growth Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $72 | 0.65% |
Costs paid may vary based on the percentage of the Fund’s assets that is invested in one or more mutual funds or exchange traded funds for which Hartford Funds Management Company, LLC (the “Investment Manager”) or its affiliates serves as investment manager (“Affiliated Funds”). The Fund does not pay a management fee for the portion of the Fund’s assets invested in the Affiliated Funds. Costs paid excludes fees and expenses incurred indirectly as a result of investments in other investment companies.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Global equity markets, as measured by MSCI ACWI Index (Net), gained for the twelve-month period ended October 31, 2024 on optimism that interest rates had peaked and easing inflationary pressures. Government bond yields declined over the period, particularly US bonds as they benefitted from growing excitement around impending rate cuts. Fund performance described below is relative to the Fund’s blended benchmark, 50% MSCI ACWI Index (Net)/ 50% Bloomberg US Aggregate Bond Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Within the equity portion of the Fund, the Fund's allocations to our global equity basket were the Fund’s top contributor over the period. Additionally, within US equities, the Fund's allocation to our growth-oriented equity strategy, US Diversified, contributed positively along with the Fund's allocation to S&P 500 index futures as these positions were aided by the rally in risk assets over the period.
Within the fixed income portion of the Fund, the largest contributor to performance was the Fund's allocation to investment grade credit. This was followed by the Fund's investment in high yield debt and mortgage-backed securities.
The Fund's tactical position in SPDR Gold MiniShares Trust ETF was the largest contributor in the alternative asset class as gold reached all-time highs during the year. Cash positioning was also additive over the period due to higher yields.
Top Detractors to Performance
Within the equity portion of the Fund, the largest detractor to performance over the trailing one-year period was the Fund's allocation to UK equities, specifically the Fund’s position in FTSE 100 index futures. Additional losses within the Fund came from our allocation to emerging market equities.
Turning to the fixed income portion of the Fund, government bonds were the Fund’s largest detractor over the period. Despite yields falling in the recent months, the asset class was not able to recoup losses that occurred earlier in the year and thus ultimately detracted.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(September 20, 2023) |
| Class SDR | 22.25% | 15.91% |
| 50% MSCI ACWI Index (Net)/ 50% Bloomberg US Aggregate Bond Index | 21.26% | 14.10% |
| MSCI ACWI Index (Net) | 32.79% | 21.95% |
| Bloomberg US Aggregate Bond Index | 10.55% | 6.58% |
| ICE BofA US 3-Month Treasury Bill Index plus 5% | 10.78% | 10.79% |
The blended benchmark and the ICE BofA US 3-Month Treasury Bill Index plus 5% are calculated by Hartford Funds Management Company, LLC.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $77,389,623% |
| Total number of portfolio holdings | $590% |
| Total investment management fees paid | $359,322% |
| Portfolio turnover rate | $51% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Common Stocks | 46.0 | % |
| Exchange-Traded Funds | 24.7 | % |
| U.S. Government Securities | 9.6 | % |
| U.S. Government Agencies^ | 6.3 | % |
| Preferred Stocks | 0.1 | % |
| Short-Term Investments | 24.7 | % |
| Other Assets & Liabilities | (11.4 | )% |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class A/SEMVX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $160 | 1.44% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative index. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 15.56% | 1.98% | 3.03% |
| Class A (without 5.50% maximum front-end sales charge) | 22.31% | 3.14% | 3.62% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class C/HHHCX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $238 | 2.15% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative index. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 20.40% | 2.46% | 3.11% |
| Class C (without 1.00% contingent deferred sales charge) | 21.40% | 2.46% | 3.11% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class I/SEMNX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $137 | 1.23% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 22.47% | 3.41% | 3.87% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
The expense ratio materially changed from the prior fiscal year due to changes in operating expenses.
For more complete information, you may review the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class R3/HHHRX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $190 | 1.71% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 21.90% | 2.93% | 3.51% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class R4/HHHSX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $162 | 1.46% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 22.17% | 3.19% | 3.72% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class R5/HHHTX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $130 | 1.17% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 22.62% | 3.44% | 3.90% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class Y/HHHYX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $129 | 1.16% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 22.65% | 3.48% | 3.95% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class F/HHHFX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $117 | 1.05% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 22.76% | 3.60% | 4.00% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Equity Fund
Class SDR/SEMTX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Equity Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $117 | 1.05% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Emerging markets, as measured by the MSCI Emerging Markets Index (Net), delivered positive returns over the last 12 months from November 1, 2023 to October 31, 2024, amid monetary policy easing in both developed and emerging markets. Fund performance described below is relative to the MSCI Emerging Markets Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Top Detractors to Performance
The overweights to Brazil and Poland, as well as the underweight to India and China, detracted.
Cash held in a rising market was also negative.
Stock selection was negative in China and Mexico.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 22.71% | 3.59% | 4.04% |
| MSCI Emerging Markets Index (Net) | 25.32% | 3.93% | 3.43% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Market Equity Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was called R6 Shares. Performance for Class SDR shares prior to December 30, 2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,476,596,065% |
| Total number of portfolio holdings (excluding derivatives, if any) | $113% |
| Total investment management fees paid | $59,400,976% |
| Portfolio turnover rate | $45% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| China | 25.8 | % |
| Taiwan | 20.2 | % |
| India | 15.9 | % |
| South Korea | 9.6 | % |
| Brazil | 8.2 | % |
| South Africa | 3.4 | % |
| Mexico | 3.0 | % |
| Poland | 2.0 | % |
| Indonesia | 1.6 | % |
| Hong Kong | 1.3 | % |
| Other** | 6.3 | % |
| Other Assets & Liabilities | 2.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class A/SMSVX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $124 | 1.14% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 4.50% maximum front-end sales charge) | 11.58% | (0.55)% | 1.33% |
| Class A (without 4.50% maximum front-end sales charge) | 16.76% | 0.37%) | 1.79% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class C/HFZCX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $204 | 1.89% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 14.77% | (0.38)% | 1.21% |
| Class C (without 1.00% contingent deferred sales charge) | 15.77% | (0.38)% | 1.21% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class I/SMSNX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $97 | 0.89% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 16.92% | 0.62%) | 2.04% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class R3/HFZRX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $156 | 1.44% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 16.38% | 0.14%) | 1.73% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class R4/HFZSX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $123 | 1.14% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 16.60% | 0.43%) | 1.91% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class R5/HFZTX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $91 | 0.84% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 17.16% | 0.68%) | 2.06% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class Y/HFZYX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $91 | 0.84% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 16.98% | 0.70%) | 2.09% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class F/HFZFX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $81 | 0.75% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 17.24% | 0.72%) | 2.11% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Class SDR/SMSRX
This annual shareholder report contains important information about the Hartford Schroders Emerging Markets Multi-Sector Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $81 | 0.75% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
For the 12-month period ending October 31, 2024, the emerging market debt universe, as measured by the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, posted strong returns due to a positive macro backdrop, falling inflation, and multiple stories of countries with improving fundamentals. Fund performance described below is relative to the Fund’s performance index, the JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Performance in the Fund benefitted from overweight allocations to hard currency sovereign bonds in Mexico, Egypt, and El Salvador. Mexico performed well given very high real interest rates, and as inflation fell from its Covid peak. Remittances, tourism and export demand from the United States were also robust. Egypt benefitted when regional neighbor the UAE agreed to invest $35 billion into a new economic project. El Salvador’s president Bukele won re-election and promised to continue his focus on security and pro-market policies, propelling those bonds.
Top Detractors to Performance
Performance in the Fund was detracted from by the Fund’s hard currency sovereign underweight to Indonesia, the Fund’s overweight to Argentina, and the small cash allocation in a strong market. The underweight to Indonesia was due to what were perceived as better opportunities elsewhere as well as concern with the economic softness of neighboring China. Argentina performed well due to President Milei’s continuance of pro-market policies, although there was some profit taking in those bonds during the period.
Derivatives
During the period, the Fund used derivatives, such as foreign currency contracts, futures contracts, and swaps. In the aggregate, the use of derivatives added modestly to performance over the period.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 17.10% | 0.76%) | 2.17% |
| JP Morgan Emerging Markets Blended Index (JEMB) – Equal Weighted | 13.92% | 0.70%) | 2.28% |
| Bloomberg Global Aggregate Bond Index | 9.55% | (1.64)% | 0.23% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was called R6 Shares. Performance for Class SDR shares prior to December 30, 2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
The JP Morgan Emerging Markets Blended Index (JEMB) - Equal Weighted serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Bloomberg Global Aggregate Bond Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $24,768,507% |
| Total number of portfolio holdings | $217% |
| Total investment management fees paid | $169,834% |
| Portfolio turnover rate | $151% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Mexico | 12.6 | % |
| Brazil | 10.3 | % |
| Colombia | 5.3 | % |
| South Africa | 4.9 | % |
| Indonesia | 3.6 | % |
| Turkey | 3.4 | % |
| Egypt | 3.1 | % |
| Argentina | 3.0 | % |
| Chile | 2.6 | % |
| South Korea | 2.5 | % |
| Other** | 40.3 | % |
| Short-Term Investments | 7.3 | % |
| Other Assets & Liabilities | 1.1 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class A/HFAJX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment* | Costs paid as a percentage
of a $10,000 investment^ |
| Class A | $125 | 1.15% |
| * | Reflects information for the period of November 8, 2023 (commencement of operations of Class A shares) through October 31, 2024. Expenses for the full reporting period would be higher. |
| ^ | Annualized. |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class A (with 5.50% maximum front-end sales charge) | 15.58% | 11.25% |
| Class A (without 5.50% maximum front-end sales charge) | 22.31% | 13.86% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
Class A shares commenced operations on November 8, 2023 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class C/HFAEX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment* | Costs paid as a percentage
of a $10,000 investment^ |
| Class C | $211 | 1.95% |
| * | Reflects information for the period of November 8, 2023 (commencement of operations of Class C shares) through October 31, 2024. Expenses for the full reporting period would be higher. |
| ^ | Annualized. |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class C (with 1.00% contingent deferred sales charge) | 20.43% | 13.52% |
| Class C (without 1.00% contingent deferred sales charge) | 21.43% | 13.52% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
Class C shares commenced operations on November 8, 2023 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class I/HFSIX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $96 | 0.85% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class I | 26.00% | 13.99% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class R5/HFAFX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment* | Costs paid as a percentage
of a $10,000 investment^ |
| Class R5 | $87 | 0.80% |
| * | Reflects information for the period of November 8, 2023 (commencement of operations of Class R5 shares) through October 31, 2024. Expenses for the full reporting period would be higher. |
| ^ | Annualized. |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class R5 | 22.74% | 14.02% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
Class R5 shares commenced operations on November 8, 2023 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class Y/HFAHX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment* | Costs paid as a percentage
of a $10,000 investment^ |
| Class Y | $87 | 0.80% |
| * | Reflects information for the period of November 8, 2023 (commencement of operations of Class Y shares) through October 31, 2024. Expenses for the full reporting period would be higher. |
| ^ | Annualized. |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class Y | 22.74% | 14.02% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
Class Y shares commenced operations on November 8, 2023 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class F/HFSFX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment* | Costs paid as a percentage
of a $10,000 investment^ |
| Class F | $76 | 0.70% |
| * | Reflects information for the period of November 8, 2023 (commencement of operations of Class F shares) through October 31, 2024. Expenses for the full reporting period would be higher. |
| ^ | Annualized. |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class F | 22.86% | 14.07% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
Class F shares commenced operations on November 8, 2023 and performance prior to that date is that of the Fund’s Class SDR shares. Performance prior to the inception date of the class has not been adjusted to reflect the operating expenses of the class.
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Contrarian Value Fund
Class SDR/HFSSX
This annual shareholder report contains important information about the Hartford Schroders International Contrarian Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $79 | 0.70% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by MSCI EAFE Index (Net), saw returns over the twelve-month period ended October 31, 2024 with Financial and Information Technology sectors leading the way. Fund performance described below is relative to the Fund’s performance index, the MSCI EAFE Value Index (Net), for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Several of the Banks held in the Fund were among the top individual contributors, including UK Banks NatWest and Barclays.
South Korean bank KB Financial Group was added to the Fund in January 2024, and as of the end of the period, it performed well since purchase, making it the largest positive contributor within the Fund.
Hon Hai, the Taiwan-based Technology company, has seen success as it has benefitted from an increase in Artificial Intelligence (AI) server sales in the current AI boom.
Top Detractors to Performance
Swatch Group was a key detractor over the twelve months as they saw a drop in demand, with the majority of this coming from the ongoing slowdown in China.
Continental, a German automotive supplier, continued to face challenges in the transition to electric vehicles and ongoing pressure from Chinese competitors.
Bayer, German biotech company, saw a reduction in share price as they are suffering a lawsuit related to cancerous side effects from the use of their Roundup weedkiller.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was a slightly negative impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class SDR | 26.19% | 14.07% |
| MSCI EAFE Value Index (Net) | 22.75% | 10.06% |
| MSCI EAFE Index (Net) | 22.97% | 9.21% |
The MSCI EAFE Value Index (Net) serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The MSCI EAFE Index (Net) serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $39,102,351% |
| Total number of portfolio holdings | $55% |
| Total investment management fees paid | $185,502% |
| Portfolio turnover rate | $42% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United Kingdom | 23.1 | % |
| Japan | 12.1 | % |
| Germany | 11.8 | % |
| France | 10.9 | % |
| United States | 9.8 | % |
| Netherlands | 5.2 | % |
| China | 3.8 | % |
| South Korea | 3.6 | % |
| Italy | 2.5 | % |
| South Africa | 2.5 | % |
| Other** | 11.5 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective April 5, 2024, the Fund modified its principal investment strategy and principal risks to reflect its increased usage of derivatives. These changes were announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated April 5, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class A/SIDVX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $124 | 1.12% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 15.00% | 4.45% | 3.66% |
| Class A (without 5.50% maximum front-end sales charge) | 21.74% | 5.64% | 4.25% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class C/HFYCX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $205 | 1.86% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 19.82% | 4.86% | 3.66% |
| Class C (without 1.00% contingent deferred sales charge) | 20.82% | 4.86% | 3.66% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class I/SIDNX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $97 | 0.87% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 22.04% | 5.93% | 4.52% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class R3/HFYRX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $155 | 1.40% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 21.36% | 5.32% | 4.04% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class R4/HFYSX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $130 | 1.17% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 21.61% | 5.59% | 4.25% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class R5/HFYTX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $95 | 0.86% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 22.08% | 5.94% | 4.51% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class Y/HFYYX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $95 | 0.86% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 22.07% | 5.95% | 4.55% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class F/HFYFX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $84 | 0.76% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 22.17% | 6.04% | 4.60% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Multi-Cap Value Fund
Class SDR/SIDRX
This annual shareholder report contains important information about the Hartford Schroders International Multi-Cap Value Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $84 | 0.76% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
Both international and emerging equity markets, as measured by MSCI ACWI ex USA Index (Net) and MSCI Emerging Markets Index (Net), respectively, performed strongly over the twelve-month period ended October 31, 2024, despite the more turbulent end in October. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Strong tailwinds came from select quality cyclical Taiwanese tech hardware and semiconductor securities.
Positive contributions came from favorable positioning in what we consider to be cheap quality banks (e.g. United Kingdom, Italy) and insurers (e.g. United Kingdom, China) over the period.
Top Detractors to Performance
Positioning in Japanese securities in the Industrials and Materials sectors as well as Canadian securities in the Consumer Discretionary and Materials sectors were some of largest detractors over the period.
Underexposure to low quality characteristics across these cyclical market segments was a headwind as low-quality deep value securities rallied. The Fund’s overweight stance in cheap quality cyclical energy stocks (e.g. Norway, Japan) also detracted over the period.
During the period, the Fund used derivatives on a limited basis for efficient portfolio management and risk management purposes. Over the period, there was minimal impact to performance.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 22.08% | 6.02% | 4.62% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
| MSCI ACWI ex USA Value Index (Net) | 23.56% | 6.05% | 3.95% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Multi-Cap Value Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was called R6 Shares. Performance for Class SDR shares prior to December 30, 2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
The MSCI ACWI ex USA Index (Net) serves as the Fund’s performance and regulatory index and provides a broad measure of market performance. The MSCI ACWI ex USA Value Index (Net) serves as the Fund’s secondary performance index.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $2,110,323,646% |
| Total number of portfolio holdings | $492% |
| Total investment management fees paid | $15,237,874% |
| Portfolio turnover rate | $142% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Financials | 30.9 | % |
| Industrials | 12.9 | % |
| Consumer Discretionary | 11.4 | % |
| Information Technology | 7.6 | % |
| Energy | 6.8 | % |
| Health Care | 6.7 | % |
| Materials | 6.6 | % |
| Communication Services | 6.6 | % |
| Utilities | 5.2 | % |
| Consumer Staples | 4.6 | % |
| Real Estate | 0.7 | % |
| Short-Term Investments | 0.5 | % |
| Other Assets & Liabilities | (0.5 | )% |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class A/SCVEX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $117 | 1.04% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative index. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 18.10% | 7.63% | 6.16% |
| Class A (without 5.50% maximum front-end sales charge) | 25.01% | 8.86% | 6.76% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class C/HSWCX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $202 | 1.80% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative index. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 23.07% | 8.06% | 6.19% |
| Class C (without 1.00% contingent deferred sales charge) | 24.07% | 8.06% | 6.19% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class I/SCIEX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $88 | 0.78% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 25.33% | 9.15% | 7.05% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective July 1, 2024, Hartford Administrative Services Company, the Fund’s transfer agent, contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class I of the Fund as follows: 0.10% of the average daily net assets attributable to the class. This contractual arrangement will remain in effect until February 28, 2025 unless the Board of Directors of the Fund approves its earlier termination.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class R3/HSWRX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $156 | 1.39% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 24.57% | 8.49% | 6.64% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class R4/HSWSX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $125 | 1.11% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 24.96% | 8.80% | 6.84% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class R5/HSWTX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $90 | 0.80% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 25.30% | 9.15% | 7.05% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class Y/HSWYX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $90 | 0.80% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 25.28% | 9.13% | 7.06% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class F/HSWFX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $78 | 0.69% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 25.48% | 9.24% | 7.12% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders International Stock Fund
Class SDR/SCIJX
This annual shareholder report contains important information about the Hartford Schroders International Stock Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $78 | 0.69% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
International equities, as measured by the MSCI ACWI ex USA Index (Net), showed strong performance during the trailing twelve-month period ended October 31, 2024 as investor sentiment and continued positive earnings revisions across core sectors drove market returns. Continued investor enthusiasm for Artificial Intelligence (AI) related technologies led as a key thematic driver. Macro factors also influenced performance with central banks moving away from monetary tightening and providing a bullish signal for investors. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection was positive overall during the period. The Fund's selection in the Information Technology sector was the largest contributor to relative returns. Additionally, stock selection in the Industrials and Healthcare sectors and the Fund’s underweight allocations to the Energy and Materials sectors added value.
Non-benchmark holding, ARM Holdings, was a key positive contributor amid ongoing investor enthusiasm for stocks likely to benefit from the continued expansion of AI technologies.
Schneider Electric was a key positive contributor with performance led by its Energy Management division and reassuring results in its Industrial Automation segment.
Top Detractors to Performance
Stock selection in the Consumer Discretionary sector was the primary detractor of performance over the period. Selection in the Communication Services sector and the Fund’s underweight position to the Financials sector also detracted.
Clothing retailer, Lululemon Athletica, was a negative performer after the company warned of a weaker consumer environment and increased competitive pressures from newer challenger brands.
South Korean technology company, Samsung Electronics, was a negative performer following investor fears that the company is losing its competitive edge in the memory sector, most notably within high bandwidth memory (or HBM), which is used in AI applications.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 25.42% | 9.24% | 7.14% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 5.78% | 4.79% |
Effective immediately before the opening of business on October 24, 2016, the Schroder International Alpha Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was called R6 Shares. Performance for Class SDR shares prior to December 30, 2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $6,695,180,491% |
| Total number of portfolio holdings (excluding derivatives, if any) | $56% |
| Total investment management fees paid | $39,561,128% |
| Portfolio turnover rate | $27% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| United States | 21.3 | % |
| United Kingdom | 14.5 | % |
| Japan | 13.1 | % |
| Germany | 8.6 | % |
| China | 4.8 | % |
| Taiwan | 4.2 | % |
| Switzerland | 4.0 | % |
| France | 3.8 | % |
| Denmark | 3.5 | % |
| Brazil | 3.4 | % |
| Other** | 16.8 | % |
| Short-Term Investments | 0.3 | % |
| Other Assets & Liabilities | 1.7 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Sustainable International Core Fund
Class I/HSISX
This annual shareholder report contains important information about the Hartford Schroders Sustainable International Core Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $76 | 0.70% |
Costs paid include the impact of certain non-contractual waivers and/or reimbursements. In the absence of such waivers and reimbursements, the expense ratio would be higher.
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by the MSCI ACWI ex USA Index (Net), saw strong returns during the trailing twelve-month period ended October 31, 2024 with the Financial and IT sectors leading the way. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
NHPC was a positive contributor. Sentiment was supported by good near-term growth in its capacity as a regulated equity, while NHPC's signing of memorandums of understanding with various state governments to develop pumped storage capacity was another supportive factor.
Rorze added value. Shares were supported by strong order trend and positive market sentiment towards the semiconductor industry on the back of booming expectations for generative Artificial Intelligence (AI) and bottoming out of inventory cycle.
Mediatek supported returns. The stock outperformed on expectations of a bottoming out of smartphone demand, an improving product mix, and longer-term AI opportunities in AI PCs and tensor processing units with Google.
Top Detractors to Performance
Biofuels producer Neste was a key detractor. It has struggled with its renewable sales margin in a backdrop of easing regulation around renewables and biofuel mandates.
Sports wear brand Puma was a detractor. Apparel has been negatively affected by the economic slowdown in China and pressure on US consumers from rising interest rates.
China Mengniu Dairy was another detractor. Shares did poorly on the back of macro uncertainties in China as well as weak consumption data. Recent sales guidance also came in below expectations.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class I | 17.77% | 6.01% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 8.23% |
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,195,341% |
| Total number of portfolio holdings | $80% |
| Total investment management fees paid | $7,645% |
| Portfolio turnover rate | $37% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Japan | 20.0 | % |
| United Kingdom | 9.1 | % |
| United States | 8.1 | % |
| Germany | 7.9 | % |
| China | 7.2 | % |
| Taiwan | 6.9 | % |
| Denmark | 3.8 | % |
| Sweden | 3.7 | % |
| South Korea | 3.6 | % |
| India | 3.5 | % |
| Other** | 23.0 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer automatically exclude certain companies from its investment universe. The Fund’s sub-advisers will continue to use their sustainability criteria to determine the Fund’s investment universe. The change to the principal investment strategy was announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated March 1, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Sustainable International Core Fund
Class SDR/HSIDX
This annual shareholder report contains important information about the Hartford Schroders Sustainable International Core Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $76 | 0.70% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
The international equity markets, as measured by the MSCI ACWI ex USA Index (Net), saw strong returns during the trailing twelve-month period ended October 31, 2024 with the Financial and IT sectors leading the way. Fund performance described below is relative to the MSCI ACWI ex USA Index (Net) for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
NHPC was a positive contributor. Sentiment was supported by good near-term growth in its capacity as a regulated equity, while NHPC's signing of memorandums of understanding with various state governments to develop pumped storage capacity was another supportive factor.
Rorze added value. Shares were supported by strong order trend and positive market sentiment towards the semiconductor industry on the back of booming expectations for generative Artificial Intelligence (AI) and bottoming out of inventory cycle.
Mediatek supported returns. The stock outperformed on expectations of a bottoming out of smartphone demand, an improving product mix, and longer-term AI opportunities in AI PCs and tensor processing units with Google.
Top Detractors to Performance
Biofuels producer Neste was a key detractor. It has struggled with its renewable sales margin in a backdrop of easing regulation around renewables and biofuel mandates.
Sports wear brand Puma was a detractor. Apparel has been negatively affected by the economic slowdown in China and pressure on US consumers from rising interest rates.
China Mengniu Dairy was another detractor. Shares did poorly on the back of macro uncertainties in China as well as weak consumption data. Recent sales guidance also came in below expectations.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | Since Inception
(May 24, 2022) |
| Class SDR | 17.74% | 6.01% |
| MSCI ACWI ex USA Index (Net) | 24.33% | 8.23% |
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,195,341% |
| Total number of portfolio holdings | $80% |
| Total investment management fees paid | $7,645% |
| Portfolio turnover rate | $37% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Japan | 20.0 | % |
| United Kingdom | 9.1 | % |
| United States | 8.1 | % |
| Germany | 7.9 | % |
| China | 7.2 | % |
| Taiwan | 6.9 | % |
| Denmark | 3.8 | % |
| Sweden | 3.7 | % |
| South Korea | 3.6 | % |
| India | 3.5 | % |
| Other** | 23.0 | % |
| Other Assets & Liabilities | 3.2 | % |
| Total | 100.0 | % |
| * | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
| ** | Ten largest country/geographic regions are presented. Additional country/geographic regions are found in Other. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective March 1, 2024, the Fund modified its principal investment strategy and principal risks to reflect that the Fund would no longer automatically exclude certain companies from its investment universe. The Fund’s sub-advisers will continue to use their sustainability criteria to determine the Fund’s investment universe. The change to the principal investment strategy was announced in a supplement to the Fund’s summary prospectus and statutory prospectus dated March 1, 2024.
For more complete information, you may review the Fund’s current prospectus dated March 1, 2024, as may be amended, supplemented or restated, and the Fund’s next prospectus, which we expect to be available by March 1, 2025, at hartfordfunds.com/reports‑hmf, upon request by calling 1-888-843-7824 or sending an e-mail to orders@mysummaryprospectus.com.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class A/STWVX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $76 | 0.71% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative index. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 4.50% maximum front-end sales charge) | 8.45% | 0.02% | 1.62% |
| Class A (without 4.50% maximum front-end sales charge) | 13.59% | 0.94% | 2.08% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares. Performance for Class A shares prior to December 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.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class C/HFKCX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $169 | 1.59% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative index. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 11.54% | 0.07% | 1.44% |
| Class C (without 1.00% contingent deferred sales charge) | 12.54% | 0.07% | 1.44% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class I/STWTX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $52 | 0.49% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 13.87% | 1.18% | 2.33% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class Y/HFKYX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $60 | 0.56% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 13.66% | 1.08% | 2.28% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class F/HFKFX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $49 | 0.46% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 13.78% | 1.19% | 2.34% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders Tax-Aware Bond Fund
Class SDR/HFKVX
This annual shareholder report contains important information about the Hartford Schroders Tax-Aware Bond Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $49 | 0.46% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) fixed income sectors, as measured by the Bloomberg US Aggregate Bond Index, generated positive total returns during the trailing twelve-month period ended October 31, 2024 due to strong economic data, lower inflation and a healthy labor market. Fund performance described below is relative to the Bloomberg Municipal Bond Index for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s sector selection to tax-exempt municipals was a top contributor. The Fund’s overweight to tax-exempt general obligation municipal bonds was the main factor; however, the allocation to tax-exempt federal agency and tax-exempt corporates was also constructive to a lesser extent.
The Fund’s duration positioning was also a positive contributor to performance as yields for tax-exempt municipals fell notably at the beginning of the period.
Top Detractors to Performance
The Fund’s sector allocation to the industrials sector detracted as the Fund was underweight this sector which performed well over the period relative to other corporates and Treasuries.
The Fund’s sector selection within tax-exempt other revenue detracted as the Fund was underweight this sector which performed well over the period relative to broad tax-exempts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser and sub-sub-adviser, Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, respectively, as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative index.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 13.80% | 1.20% | 2.34% |
| Bloomberg Municipal Bond Index | 9.70% | 1.05% | 2.30% |
Effective immediately before the opening of business on October 24, 2016, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class SDR shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,302,118,031% |
| Total number of portfolio holdings | $281% |
| Total investment management fees paid | $5,388,933% |
| Portfolio turnover rate | $36% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Composition by Security Type
| Municipal Bonds | 86.6 | % |
| U.S. Government Securities | 5.3 | % |
| U.S. Government Agencies^ | 2.0 | % |
| Corporate Bonds | 1.1 | % |
| Short-Term Investments | 4.1 | % |
| Other Assets & Liabilities | 0.9 | % |
| Total | 100.0 | % |
^ | All, or a portion of the securities categorized as US Government Agencies, were agency mortgage-backed securities. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class A/SMDVX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $134 | 1.16% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 23.11% | 8.60% | 8.75% |
| Class A (without 5.50% maximum front-end sales charge) | 30.29% | 9.83% | 9.36% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class C/HFDCX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $219 | 1.91% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 28.32% | 9.03% | 8.76% |
| Class C (without 1.00% contingent deferred sales charge) | 29.32% | 9.03% | 8.76% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class I/SMDIX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $104 | 0.90% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 30.58% | 10.13% | 9.65% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Material Fund Changes
This is a summary of certain changes to the Fund since the beginning of the reporting period.
Effective July 1, 2024, Hartford Administrative Services Company, the Fund’s transfer agent, contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class I of the Fund as follows: 0.106% of the average daily net assets attributable to the class. This contractual arrangement will remain in effect until February 28, 2025 unless the Board of Directors of the Fund approves its earlier termination.
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class R3/HFDRX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $175 | 1.52% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 29.78% | 9.45% | 9.11% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class R4/HFDSX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $140 | 1.22% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 30.17% | 9.81% | 9.39% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class R5/HFDTX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $106 | 0.92% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 30.54% | 10.10% | 9.62% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class Y/HFDYX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $105 | 0.91% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 30.65% | 10.11% | 9.66% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class F/HFDFX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $93 | 0.81% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 30.73% | 10.23% | 9.73% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US MidCap Opportunities Fund
Class SDR/SMDRX
This annual shareholder report contains important information about the Hartford Schroders US MidCap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $93 | 0.81% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell Midcap Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
Stock selection within the Health Care and Consumer Discretionary sectors contributed to the Fund’s relative performance over the period. The Fund’s relative performance benefitted particularly from both strong stock selection in the Health Care sector and an underweight to the biotechnology sub-sector. The Fund’s relative performance also benefitted from stock selection within the health care equipment sub-sector. The Fund’s relative performance benefitted from strong performance within the specialty retail and household durables industries within the Consumer Discretionary sector.
The top contributor from a stock point of view was AppLovin. AppLovin develops and operates a mobile marketing platform. The company’s software segment drove the stock’s performance higher during the period due to better install rates and higher efficiency from its Artificial Intelligence (AI) models within its advertising products.
Top Detractors to Performance
Stock selection within the Financials and Industrials sectors detracted significantly from Fund performance despite strong returns over the period. The Fund’s performance in the Financials sector within the Insurance and Capital Markets groups lagged due to both stock selection and sector allocation. The Fund’s performance in the Industrials sector, which benefitted from an overweight to the sector, suffered from poor stock selection. The Commercial Services and Aerospace & Defense industries caused a bulk of the underperformance to the sector.
A notable detractor for the period was EPAM Systems. EPAM Systems provide digital engineering, cloud and artificial intelligence-enabled transformation services. The company materially lowered their fiscal year 2024 targets and guided second quarter below consensus due to slower pipeline conversion as clients continue to defer program starts.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 30.80% | 10.23% | 9.76% |
| Russell Midcap Index | 35.39% | 10.94% | 9.80% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was call R6 shares. Performance for Class SDR shares prior to December 30, 2014 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
Performance information for the Fund prior to May 1, 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.
The Russell Midcap Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $1,020,326,884% |
| Total number of portfolio holdings (excluding derivatives, if any) | $71% |
| Total investment management fees paid | $7,111,762% |
| Portfolio turnover rate | $48% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 22.9 | % |
| Information Technology | 19.8 | % |
| Financials | 13.2 | % |
| Health Care | 9.0 | % |
| Consumer Discretionary | 7.7 | % |
| Real Estate | 6.4 | % |
| Communication Services | 4.6 | % |
| Materials | 4.2 | % |
| Consumer Staples | 3.0 | % |
| Energy | 3.0 | % |
| Utilities | 2.6 | % |
| Short-Term Investments | 0.0 | %† |
| Other Assets & Liabilities | 3.6 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
† | Percentage rounds to zero. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class A/SCUVX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class A | $154 | 1.35% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class A shares and the comparative indices. The returns for Class A shares include the maximum front-end sales charge applicable to Class A shares.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class A (with 5.50% maximum front-end sales charge) | 21.73% | 5.13% | 6.80% |
| Class A (without 5.50% maximum front-end sales charge) | 28.79% | 6.33% | 7.41% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class A was called Advisor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class C/HOOCX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class C | $239 | 2.10% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class C shares (excluding sales charges) and the comparative indices. If sales charges had been included, the value would have been lower.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class C (with 1.00% contingent deferred sales charge) | 26.84% | 5.53% | 6.82% |
| Class C (without 1.00% contingent deferred sales charge) | 27.84% | 5.53% | 6.82% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class C shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class I/SCUIX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class I | $126 | 1.10% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class I shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class I | 29.11% | 6.62% | 7.71% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class I was called Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class R3/HOORX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R3 | $188 | 1.65% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R3 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R3 | 28.41% | 6.02% | 7.24% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R3 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class R4/HOOSX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R4 | $154 | 1.35% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R4 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R4 | 28.80% | 6.33% | 7.50% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R4 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class R5/HOOTX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class R5 | $120 | 1.05% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 10,000 Investment
The graph below represents the hypothetical growth of a $10,000 investment in Class R5 shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class R5 | 29.19% | 6.65% | 7.71% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class R5 shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class Y/HOOYX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class Y | $120 | 1.05% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 250,000 Investment
The graph below represents the hypothetical growth of a $250,000 investment in Class Y shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class Y | 29.20% | 6.65% | 7.74% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class Y shares commenced operations on October 24, 2016 and performance prior to this date reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class F/HOOFX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class F | $109 | 0.95% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 1,000,000 Investment
The graph below represents the hypothetical growth of a $1,000,000 investment in Class F shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class F | 29.31% | 6.75% | 7.80% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Class F shares commenced operations on February 28, 2017 and performance prior to that date is that of the Fund’s Class I shares. Performance prior to Class F’s inception date has not been adjusted to reflect the operating expenses of Class F.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
Annual Shareholder Report
October 31, 2024
Hartford Schroders US Small Cap Opportunities Fund
Class SDR/SCURX
This annual shareholder report contains important information about the Hartford Schroders US Small Cap Opportunities Fund (the "Fund") for the period of November 1, 2023 to October 31, 2024. You can find additional information about the Fund at hartfordfunds.com/reports-hmf. You can also request this information by contacting us by calling 1‑888‑843‑7824.
What were the Fund costs for the last year?
(Based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage
of a $10,000 investment |
| Class SDR | $109 | 0.95% |
How did the Fund perform last year and what impacted its performance?
Management's Discussion of Fund Performance
United States (U.S.) equities had strong performance over the 12 months ending October 31, 2024, as measured by the Russell 3000 Index. Fund performance described below is relative to the Fund’s performance index, the Russell 2000 Index, for the trailing twelve-month period ended October 31, 2024.
Top Contributors to Performance
The Fund’s top contributors over the period from a sector point of view were the Fund’s allocations to the Energy, Consumer Staples and Financials sectors. The Fund had positive sector allocation over the period particularly within the Energy sector, due to an underweight. The Energy sector was the only negative return sector in the benchmark over the period. The Fund’s relative performance in the Consumer Staples sector benefitted from strong stock selection within the beverages and distribution retail industries. Stock selection within the Financials sector was led by investments in the capital markets and insurance groups, which had strong returns over the period.
The top contributor from a stock point of view was ICU Medical. ICU Medical develops, manufactures and sells innovative medical products used in infusion therapy and critical care applications. The company reported second quarter 2024 revenues and earnings per share (EPS) above expectations and management raised its EPS guidance for the rest of the year.
Top Detractors to Performance
The Fund’s security selection in the Information Technology, Industrials and Health Care sectors detracted the most over the period. The Fund’s relative performance in the Information Technology sector, despite positive sector allocation, lagged due to stock selection within the software and electronic equipment instruments groups. Within the Industrials sector, the Fund’s stock selection within aerospace & defense caused a significant drag. The Fund’s relative performance in the Health Care sector lagged due to stock selection within health care providers.
The top detractor from a stock perspective was WNS (Holdings) Limited. WNS provides business process management solutions. The stock traded down in February after the company’s 6-K revealed that one of their top five customers by revenue, which operates in the healthcare/life sciences vertical, was insourcing their service.
The views expressed in this section reflect the opinions of the Fund's sub-adviser, Schroder Investment Management North America Inc., as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Comparison of Change in Value of $ 5,000,000 Investment
The graph below represents the hypothetical growth of a $5,000,000 investment in Class SDR shares and the comparative indices.
Average Annual Total Returns
For the Periods Ended October 31, 2024 | 1 Year | 5 Years | 10 Years |
| Class SDR | 29.31% | 6.75% | 7.82% |
| Russell 2000 Index | 34.07% | 8.50% | 7.94% |
| Russell 3000 Index | 37.86% | 14.60% | 12.44% |
Effective immediately before the opening of business on October 24, 2016, the Schroder U.S. Opportunities Fund (the “Predecessor Fund”) was reorganized into the Fund. The performance information for periods prior to October 24, 2016 is that of the Predecessor Fund. Prior to October 24, 2016, Class SDR was called R6 Shares. Performance for Class SDR shares prior to September 28, 2015 (the inception date of the Predecessor Fund’s Class R6 Shares) reflects the performance of the Predecessor Fund’s Investor Shares.
The Russell 2000 Index serves as the Fund’s performance index because the Fund’s investment manager believes it is more representative of the Fund’s investment strategy. The Russell 3000 Index serves as the Fund’s regulatory index and provides a broad measure of market performance.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance information reflects fee waivers and/or expense limitation arrangements, if any. Absent any applicable fee waivers and/or expense limitation arrangements, performance would have been lower. Visit hartfordfunds.com for the most recent performance information.
Key Fund Statistics as of October 31, 2024
| Fund's net assets | $253,736,648% |
| Total number of portfolio holdings (excluding derivatives, if any) | $84% |
| Total investment management fees paid | $2,427,553% |
| Portfolio turnover rate | $50% |
Graphical Representation of Holdings as of October 31, 2024
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
| Industrials | 20.3 | % |
| Financials | 20.1 | % |
| Information Technology | 14.1 | % |
| Health Care | 11.6 | % |
| Consumer Discretionary | 8.1 | % |
| Materials | 6.4 | % |
| Communication Services | 3.8 | % |
| Utilities | 2.9 | % |
| Energy | 2.8 | % |
| Consumer Staples | 2.7 | % |
| Real Estate | 2.3 | % |
| Other Assets & Liabilities | 4.9 | % |
| Total | 100.0 | % |
* | For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, please visit the Fund’s website at the website address included at the beginning of this report.
The Fund is distributed by Hartford Funds Distributors, LLC (HFD).
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: |
$415,752 for the fiscal year ended October 31, 2024; $400,675 for the fiscal year ended October 31, 2023.
| | (b) | Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were: |
$0 for the fiscal year ended October 31, 2024; $11,000 for the fiscal year ended October 31, 2023. Audit-related services were principally in connection with consents for additional registration statements.
| | (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: |
$87,810 for the fiscal year ended October 31, 2024; $79,308 for the fiscal year ended October 31, 2023. Tax-related services were principally in connection with, but not limited to, general tax services and excise tax services.
| | (d) | All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were: |
$347 for the fiscal year ended October 31, 2024; $1,022 for the fiscal year ended October 31, 2023. These fees were principally in connection with, but not limited to, general audit related products and services and an accounting research tool subscription.
| | (e) (1) | The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the registrant may be pre-approved. The following summarizes the pre-approval requirements under the Policy. |
| | a) | The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund. |
| | b) | The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting. |
| | c) | The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services. |
| | d) | The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex. |
| | (e) (2) | One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
| | (f) | Less than 50% of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the year ended October 31, 2024, were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees. |
| | (g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were: |
The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant: $88,157 for the fiscal year ended October 31, 2024; $91,330 for the fiscal year ended October 31, 2023.
The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser was $121,199 for the fiscal year ended October 31, 2024 and $121,199 for the fiscal year ended October 31, 2023.
| | (h) | The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
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 in the Annual Financial Statements and Other Information filed under Item 7 of this form. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Hartford Domestic
Equity Funds
Annual Financial Statements
and Other Information
◼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 |
◼The Hartford Small Cap Growth Fund |
◼Hartford Small Cap Value Fund |
◼The Hartford Small Company Fund |
Hartford Domestic Equity Funds
Table of Contents
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Please note that this report includes responses to Items 7-11 of Form N-CSR, which is a reporting form filed with the U.S. Securities and Exchange Commission by mutual funds and exchange traded funds. Certain Form N-CSR items listed below may not be applicable. | |
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Hartford Domestic Equity Funds
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
The Hartford Capital Appreciation Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 0.5% |
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| Fortune Brands Innovations, Inc. | |
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| Honeywell International, Inc. | |
| John Bean Technologies Corp. | |
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| Commercial & Professional Services - 0.5% |
| | |
| Consumer Discretionary Distribution & Retail - 5.2% |
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| O'Reilly Automotive, Inc.* | |
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| Consumer Durables & Apparel - 2.0% |
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| Tempur Sealy International, Inc. | |
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| DraftKings, Inc. Class A* | |
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| Royal Caribbean Cruises Ltd. | |
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| Wyndham Hotels & Resorts, Inc. | |
| | | |
| Consumer Staples Distribution & Retail - 0.6% |
| U.S. Foods Holding Corp.* | |
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Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| Equity Real Estate Investment Trusts (REITs) - 3.4% |
| American Healthcare, Inc. REIT | |
| American Tower Corp. REIT | |
| AvalonBay Communities, Inc. REIT | |
| Brixmor Property Group, Inc. REIT | |
| Camden Property Trust REIT | |
| Simon Property Group, Inc. REIT | |
| | | |
| Financial Services - 7.5% |
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| StepStone Group, Inc. Class A | |
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| Tradeweb Markets, Inc. Class A | |
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| Food, Beverage & Tobacco - 3.2% |
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| Philip Morris International, Inc. | |
| Tyson Foods, Inc. Class A | |
| | | |
| Health Care Equipment & Services - 4.7% |
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| Integra LifeSciences Holdings Corp.* | |
| Intuitive Surgical, Inc.* | |
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| Household & Personal Products - 0.9% |
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| Marsh & McLennan Cos., Inc. | |
| Principal Financial Group, Inc. | |
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| Media & Entertainment - 9.3% |
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| Liberty Media Corp.-Liberty Formula One | |
| Live Nation Entertainment, Inc.* | |
The accompanying notes are an integral part of these financial statements.
The Hartford Capital Appreciation Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| Media & Entertainment - 9.3% - (continued) |
| Meta Platforms, Inc. Class A | |
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| Pharmaceuticals, Biotechnology & Life Sciences - 4.1% |
| Charles River Laboratories International, Inc.* | |
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| Vertex Pharmaceuticals, Inc.* | |
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| Semiconductors & Semiconductor Equipment - 9.4% |
| Allegro MicroSystems, Inc.* | |
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| Software & Services - 8.4% |
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| Cognizant Technology Solutions Corp. Class A | |
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| Informatica, Inc. Class A* | |
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| Rubicon Earnout Shares*(1)(2) | |
| Rubicon TRA Placeholder*(1)(2) | |
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| Technology Hardware & Equipment - 9.2% |
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| Dell Technologies, Inc. Class C | |
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| Telecommunication Services - 0.3% |
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| Knight-Swift Transportation Holdings, Inc. | |
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Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| Utilities - 1.9% - (continued) |
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| Total Common Stocks
(cost $4,412,954,314) | | |
CONVERTIBLE PREFERRED STOCKS - 0.0% |
| Health Care Equipment & Services - 0.0% |
| Lumeris Group Holdings Corp.*(1)(2)(4) | |
| Software & Services - 0.0% |
| Lookout, Inc. Series F*(1)(2)(4) | |
| Total Convertible Preferred Stocks
(cost $1,783,654) | | |
| Total Long-Term Investments
(cost $4,414,737,968) | | |
SHORT-TERM INVESTMENTS - 0.4% |
| Repurchase Agreements - 0.4% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $25,069,758; collateralized by U.S. Treasury Note at 4.63%, maturing 06/30/2026, with a market value of $25,567,863 | |
| Securities Lending Collateral - 0.0% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(5) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(5) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 4.78%(5) | |
| | | |
| Total Short-Term Investments
(cost $26,742,086) | |
| Total Investments
(cost $4,441,480,054) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
The accompanying notes are an integral part of these financial statements.
The Hartford Capital Appreciation Fund
Schedule of Investments – (continued)October 31, 2024
See “Glossary” for abbreviation descriptions.
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| 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 $35,038,760 or 0.6% of net assets. |
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| Lookout, Inc. Series F Convertible Preferred | | | |
| Lumeris Group Holdings Corp. Convertible Preferred | | | |
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| Investment valued using significant unobservable inputs. |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Currently no rate available. |
| Current yield as of period end. |
Futures Contracts Outstanding at October 31, 2024 |
| | | | Value and
Unrealized
Appreciation/
(Depreciation) |
|
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| |
† 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 Capital Appreciation Fund
Schedule of Investments – (continued)October 31, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
Consumer Staples Distribution & Retail | | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
Telecommunication Services | | | | |
| | | | |
| | | | |
Convertible Preferred Stocks | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Hartford Core Equity Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 0.4% |
| | |
| |
| | |
| | |
| | |
| | | |
| |
| | |
| Builders FirstSource, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Commercial & Professional Services - 0.9% |
| | |
| Consumer Discretionary Distribution & Retail - 6.5% |
| | |
| | |
| | |
| | | |
| Consumer Durables & Apparel - 1.3% |
| | |
| | |
| | | |
| |
| Marriott International, Inc. Class A | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 2.4% |
| | |
| | |
| | |
| | | |
| Financial Services - 5.4% |
| | |
| | |
| | |
| | |
| | | |
| Food, Beverage & Tobacco - 2.1% |
| Brown-Forman Corp. Class B | |
| Constellation Brands, Inc. Class A | |
| | |
| | | |
| Health Care Equipment & Services - 5.8% |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.5% - (continued) |
| Health Care Equipment & Services - 5.8% - (continued) |
| | |
| | |
| | | |
| Household & Personal Products - 1.9% |
| Estee Lauder Cos., Inc. Class A | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| Media & Entertainment - 8.5% |
| | |
| Meta Platforms, Inc. Class A | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 6.8% |
| | |
| | |
| | |
| Thermo Fisher Scientific, Inc. | |
| Vertex Pharmaceuticals, Inc.* | |
| | | |
| Semiconductors & Semiconductor Equipment - 11.5% |
| | |
| | |
| | |
| | |
| | | |
| Software & Services - 10.5% |
| | |
| | |
| | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 9.8% |
| | |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $5,477,257,499) | | |
The accompanying notes are an integral part of these financial statements.
Hartford Core Equity Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.1% |
| Repurchase Agreements - 0.1% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $11,675,186; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $11,907,181 | |
| Total Short-Term Investments
(cost $11,673,613) | |
| Total Investments
(cost $5,488,931,112) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to 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. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
The Hartford Dividend and Growth Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| Honeywell International, Inc. | |
| | |
| | |
| Westinghouse Air Brake Technologies Corp. | |
| | | |
| Consumer Discretionary Distribution & Retail - 3.6% |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| Consumer Staples Distribution & Retail - 0.5% |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 2.6% |
| American Tower Corp. REIT | |
| | |
| | | |
| Financial Services - 6.4% |
| | |
| | |
| | |
| | |
| | |
| | | |
| Food, Beverage & Tobacco - 4.4% |
| | |
| Mondelez International, Inc. Class A | |
| Philip Morris International, Inc. | |
| Tyson Foods, Inc. Class A | |
| | | |
| Health Care Equipment & Services - 6.8% |
| | |
| | |
| | |
| | |
| | |
| | | |
| Household & Personal Products - 2.1% |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 96.4% - (continued) |
| |
| American International Group, Inc. | |
| | |
| Principal Financial Group, Inc. | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| Media & Entertainment - 7.0% |
| | |
| | |
| | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 7.1% |
| Agilent Technologies, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 4.6% |
| | |
| | |
| | |
| | | |
| Software & Services - 7.4% |
| | |
| Cognizant Technology Solutions Corp. Class A | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 5.3% |
| | |
| | |
| | | |
| Telecommunication Services - 0.2% |
| | |
| |
| | |
| JB Hunt Transport Services, Inc. | |
| | | |
| |
| American Electric Power Co., Inc. | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $11,712,585,847) | | |
The accompanying notes are an integral part of these financial statements.
The Hartford Dividend and Growth Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 1.1% |
| Repurchase Agreements - 0.7% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $123,107,924; collateralized by U.S. Treasury Note at 4.63%, maturing 06/30/2026, with a market value of $125,553,337 | |
| Securities Lending Collateral - 0.4% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 4.78%(2) | |
| | | |
| Total Short-Term Investments
(cost $199,220,510) | |
| Total Investments
(cost $11,911,806,357) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Current yield as of period end. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Consumer Discretionary Distribution & Retail | | | | |
| | | | |
Consumer Staples Distribution & Retail | | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
Telecommunication Services | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| Honeywell International, Inc. | |
| | |
| Johnson Controls International PLC | |
| L3Harris Technologies, Inc. | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 1.5% |
| Industria de Diseno Textil SA | |
| | |
| | | |
| Consumer Durables & Apparel - 0.2% |
| | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 6.4% |
| | |
| Gaming & Leisure Properties, Inc. REIT | |
| Host Hotels & Resorts, Inc. REIT | |
| Lamar Advertising Co. Class A, REIT | |
| | |
| | | |
| Financial Services - 7.2% |
| Ares Management Corp. Class A | |
| Capital One Financial Corp. | |
| Intercontinental Exchange, Inc. | |
| | |
| | |
| Raymond James Financial, Inc. | |
| | | |
| Food, Beverage & Tobacco - 5.6% |
| Archer-Daniels-Midland Co. | |
| | |
| | |
| Philip Morris International, Inc. | |
| | | |
| Health Care Equipment & Services - 4.1% |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 97.8% - (continued) |
| Household & Personal Products - 2.8% |
| | |
| | |
| | | |
| |
| American International Group, Inc. | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| Media & Entertainment - 0.7% |
| | |
| Pharmaceuticals, Biotechnology & Life Sciences - 12.0% |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 3.0% |
| | |
| | |
| | |
| | | |
| Software & Services - 1.0% |
| | |
| Technology Hardware & Equipment - 4.6% |
| | |
| | |
| | |
| | | |
| Telecommunication Services - 1.4% |
| | |
| |
| Canadian National Railway Co. | |
| Knight-Swift Transportation Holdings, Inc. | |
| United Parcel Service, Inc. Class B | |
| | | |
| |
| American Electric Power Co., Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $3,944,822,745) | | |
The accompanying notes are an integral part of these financial statements.
The Hartford Equity Income Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.5% |
| Repurchase Agreements - 0.5% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $22,983,690; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $23,440,325 | |
| Total Short-Term Investments
(cost $22,980,594) | |
| Total Investments
(cost $3,967,803,339) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
† See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
Telecommunication Services | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 6.1% |
| | |
| O'Reilly Automotive, Inc.* | |
| | |
| | | |
| Consumer Durables & Apparel - 1.4% |
| | |
| |
| DraftKings, Inc. Class A* | |
| Royal Caribbean Cruises Ltd. | |
| | |
| | | |
| |
| | |
| Equity Real Estate Investment Trusts (REITs) - 1.3% |
| American Tower Corp. REIT | |
| AvalonBay Communities, Inc. REIT | |
| | | |
| Financial Services - 4.7% |
| | |
| | |
| Tradeweb Markets, Inc. Class A | |
| | | |
| Health Care Equipment & Services - 2.9% |
| | |
| | |
| Intuitive Surgical, Inc.* | |
| | | |
| Media & Entertainment - 17.5% |
| | |
| Liberty Media Corp.-Liberty Formula One | |
| Live Nation Entertainment, Inc.* | |
| Meta Platforms, Inc. Class A | |
| | |
| | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 7.0% |
| | |
| | |
| | |
| | |
| Vertex Pharmaceuticals, Inc.* | |
| | | |
| Semiconductors & Semiconductor Equipment - 19.7% |
| | |
| | |
| | |
| | |
| | |
| | | |
| Software & Services - 7.5% |
| | |
| | |
| Rubicon Earnout Shares*(1)(2) | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| Software & Services - 7.5% - (continued) |
| Rubicon TRA Placeholder*(1)(2) | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 17.2% |
| | |
| | |
| Dell Technologies, Inc. Class C | |
| | |
| | | |
| Telecommunication Services - 1.2% |
| | |
| |
| | |
| | |
| | | |
| Total Common Stocks
(cost $3,542,760,748) | | |
CONVERTIBLE PREFERRED STOCKS - 0.3% |
| Health Care Equipment & Services - 0.2% |
| Lumeris Group Holdings Corp.*(1)(2)(3) | |
| Software & Services - 0.1% |
| Lookout, Inc. Series F*(1)(2)(3) | |
| Total Convertible Preferred Stocks
(cost $17,456,734) | | |
EXCHANGE-TRADED FUNDS - 0.8% |
| Other Investment Pools & Funds - 0.8% |
| iShares Russell 1000 Growth ETF | |
| Total Exchange-Traded Funds
(cost $42,365,250) | | |
| Total Long-Term Investments
(cost $3,602,582,732) | | |
SHORT-TERM INVESTMENTS - 0.2% |
| Repurchase Agreements - 0.2% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $10,208,488; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $10,411,388 | |
| Total Short-Term Investments
(cost $10,207,113) | |
| Total Investments
(cost $3,612,789,845) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
The accompanying notes are an integral part of these financial statements.
The Hartford Growth Opportunities Fund
Schedule of Investments – (continued)October 31, 2024
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.
| |
| 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 $25,261,554 or 0.5% of net assets. |
| | | | |
| Lookout, Inc. Series F Convertible Preferred | | | |
| Lumeris Group Holdings Corp. Convertible Preferred | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| Investment valued using significant unobservable inputs. |
| Currently no rate available. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
Health Care Equipment & Services | | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
Telecommunication Services | | | | |
| | | | |
Convertible Preferred Stocks | | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
The Hartford Healthcare Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| Akero Therapeutics, Inc.* | |
| Alnylam Pharmaceuticals, Inc.* | |
| | |
| Amicus Therapeutics, Inc.* | |
| Apellis Pharmaceuticals, Inc.* | |
| Apogee Therapeutics, Inc.* | |
| | |
| | |
| Autolus Therapeutics PLC ADR* | |
| Avidity Biosciences, Inc.* | |
| | |
| Blueprint Medicines Corp.* | |
| Celldex Therapeutics, Inc.* | |
| Crinetics Pharmaceuticals, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| Immunocore Holdings PLC ADR* | |
| Ionis Pharmaceuticals, Inc.* | |
| Kymera Therapeutics, Inc.* | |
| Legend Biotech Corp. ADR* | |
| | |
| | |
| MoonLake Immunotherapeutics* | |
| | |
| Nurix Therapeutics, Inc.* | |
| | |
| | |
| Regeneron Pharmaceuticals, Inc.* | |
| REVOLUTION Medicines, Inc.* | |
| Rocket Pharmaceuticals, Inc.* | |
| Sarepta Therapeutics, Inc.* | |
| | |
| Scholar Rock Holding Corp.* | |
| Sichuan Kelun-Biotech Biopharmaceutical Co. | |
| Soleno Therapeutics, Inc.* | |
| Ultragenyx Pharmaceutical, Inc.* | |
| United Therapeutics Corp.* | |
| | |
| Vertex Pharmaceuticals, Inc.* | |
| Xenon Pharmaceuticals, Inc.* | |
| | |
| | | |
| Health Care Distributors - 2.0% |
| | |
| Health Care Equipment - 13.9% |
| | |
| | |
| | |
| Edwards Lifesciences Corp.* | |
| | |
| | |
| Inspire Medical Systems, Inc.* | |
| | |
| Intuitive Surgical, Inc.* | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| Health Care Facilities - 5.4% |
| Acadia Healthcare Co., Inc.* | |
| Ardent Health Partners, Inc.* | |
| | |
| | |
| | |
| | |
| | | |
| Health Care Services - 3.1% |
| | |
| | |
| | |
| LifeStance Health Group, Inc.* | |
| Option Care Health, Inc.* | |
| Privia Health Group, Inc.* | |
| | | |
| Health Care Supplies - 0.4% |
| | |
| Health Care Technology - 0.6% |
| Evolent Health, Inc. Class A* | |
| Life Sciences Tools & Services - 9.8% |
| Agilent Technologies, Inc. | |
| | |
| | |
| | |
| | |
| | |
| Thermo Fisher Scientific, Inc. | |
| | | |
| Managed Health Care - 13.4% |
| Alignment Healthcare, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| Chugai Pharmaceutical Co. Ltd. | |
| | |
| | |
| Elanco Animal Health, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Structure Therapeutics, Inc. ADR* | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $700,966,362) | | |
The accompanying notes are an integral part of these financial statements.
The Hartford Healthcare Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
|
| Health Care Equipment - 0.0% |
| Abiomed, Inc. CVR*(2)(3)(4) | |
| Total Rights
(cost $7,564) | | |
| Total Long-Term Investments
(cost $700,973,926) | | |
SHORT-TERM INVESTMENTS - 0.4% |
| Repurchase Agreements - 0.2% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $2,384,973; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $2,432,508 | |
| Securities Lending Collateral - 0.2% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(5) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(5) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| | | |
| Total Short-Term Investments
(cost $4,588,655) | |
| Total Investments
(cost $705,562,581) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $7,564 or 0.0% of net assets. |
| Investment valued using significant unobservable inputs. |
| Currently no expiration date available. |
| Current yield as of period end. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Life Sciences Tools & Services | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| Lennox International, Inc. | |
| Lincoln Electric Holdings, Inc. | |
| Vertiv Holdings Co. Class A | |
| | |
| Westinghouse Air Brake Technologies Corp. | |
| | | |
| Commercial & Professional Services - 2.6% |
| | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 5.1% |
| | |
| Floor & Decor Holdings, Inc. Class A* | |
| O'Reilly Automotive, Inc.* | |
| | |
| | |
| | | |
| Consumer Durables & Apparel - 3.6% |
| | |
| | |
| | | |
| |
| Choice Hotels International, Inc.(1) | |
| | |
| | |
| DraftKings, Inc. Class A* | |
| Hyatt Hotels Corp. Class A | |
| | | |
| Consumer Staples Distribution & Retail - 0.5% |
| Casey's General Stores, Inc. | |
| |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 1.2% |
| Lamar Advertising Co. Class A, REIT | |
| Financial Services - 10.5% |
| | |
| Hamilton Lane, Inc. Class A | |
| | |
| Rocket Cos., Inc. Class A* | |
| Tradeweb Markets, Inc. Class A | |
| | |
| | | |
| Food, Beverage & Tobacco - 1.2% |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.8% - (continued) |
| Health Care Equipment & Services - 4.6% |
| Inspire Medical Systems, Inc.* | |
| | |
| Veeva Systems, Inc. Class A* | |
| | | |
| Household & Personal Products - 0.8% |
| | |
| |
| | |
| | |
| White Mountains Insurance Group Ltd. | |
| | | |
| |
| | |
| | |
| | | |
| Media & Entertainment - 2.9% |
| | |
| Trade Desk, Inc. Class A* | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 9.3% |
| | |
| | |
| | |
| Mettler-Toledo International, Inc.* | |
| Neurocrine Biosciences, Inc.* | |
| Sarepta Therapeutics, Inc.* | |
| Ultragenyx Pharmaceutical, Inc.* | |
| United Therapeutics Corp.* | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 6.0% |
| | |
| | |
| | |
| Monolithic Power Systems, Inc. | |
| | |
| | | |
| Software & Services - 17.3% |
| | |
| | |
| | |
| | |
| Guidewire Software, Inc.* | |
| | |
| Informatica, Inc. Class A* | |
| | |
| Procore Technologies, Inc.* | |
| | |
| Tyler Technologies, Inc.* | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 1.0% |
| | |
| | |
| | | |
| |
| Expeditors International of Washington, Inc. | |
The accompanying notes are an integral part of these financial statements.
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 99.8% - (continued) |
| Transportation - 3.2% - (continued) |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $3,812,877,530) | | |
SHORT-TERM INVESTMENTS - 1.2% |
| Repurchase Agreements - 0.1% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $4,014,920; collateralized by U.S. Treasury Note at 4.63%, maturing 06/30/2026, with a market value of $4,094,775 | |
| Securities Lending Collateral - 1.1% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 4.78%(2) | |
| | | |
| Total Short-Term Investments
(cost $62,179,962) | |
| Total Investments
(cost $3,875,057,492) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| 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, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
Consumer Staples Distribution & Retail | | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 1.4% |
| | |
| |
| Columbia Banking System, Inc. | |
| First Citizens BancShares, Inc. Class A | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| Fortune Brands Innovations, Inc. | |
| John Bean Technologies Corp. | |
| L3Harris Technologies, Inc. | |
| | |
| WESCO International, Inc. | |
| Westinghouse Air Brake Technologies Corp. | |
| | | |
| Commercial & Professional Services - 3.4% |
| Science Applications International Corp. | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 1.1% |
| | |
| Consumer Durables & Apparel - 3.5% |
| | |
| Skechers USA, Inc. Class A* | |
| | |
| Tempur Sealy International, Inc. | |
| | | |
| |
| International Game Technology PLC | |
| Wyndham Hotels & Resorts, Inc. | |
| | | |
| Consumer Staples Distribution & Retail - 1.8% |
| U.S. Foods Holding Corp.* | |
| |
| | |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 7.1% |
| Camden Property Trust REIT | |
| Essential Properties Realty Trust, Inc. REIT | |
| Gaming & Leisure Properties, Inc. REIT | |
| | |
| | |
| | |
| | | |
| Financial Services - 8.0% |
| Ares Management Corp. Class A | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Food, Beverage & Tobacco - 1.4% |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.6% - (continued) |
| Health Care Equipment & Services - 4.2% |
| Acadia Healthcare Co., Inc.* | |
| | |
| Edwards Lifesciences Corp.* | |
| Integra LifeSciences Holdings Corp.* | |
| | |
| | | |
| |
| | |
| | |
| American International Group, Inc. | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | | |
| Media & Entertainment - 3.4% |
| | |
| | |
| Live Nation Entertainment, Inc.* | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 4.4% |
| Agilent Technologies, Inc. | |
| Charles River Laboratories International, Inc.* | |
| | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 2.9% |
| Allegro MicroSystems, Inc.* | |
| | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 2.7% |
| | |
| | |
| | |
| | | |
| |
| | |
| Knight-Swift Transportation Holdings, Inc. | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $872,416,594) | | |
The accompanying notes are an integral part of these financial statements.
The Hartford MidCap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.2% |
| Repurchase Agreements - 0.2% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $2,318,815; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $2,364,930 | |
| Total Short-Term Investments
(cost $2,318,503) | |
| Total Investments
(cost $874,735,097) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
Consumer Staples Distribution & Retail | | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
The Hartford Small Cap Growth Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 1.5% |
| Modine Manufacturing Co.* | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| Applied Industrial Technologies, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| John Bean Technologies Corp. | |
| | |
| NEXTracker, Inc. Class A* | |
| | |
| Rush Enterprises, Inc. Class A | |
| | |
| | |
| | |
| | |
| Zurn Elkay Water Solutions Corp. | |
| | | |
| Commercial & Professional Services - 6.1% |
| ACV Auctions, Inc. Class A* | |
| CACI International, Inc. Class A* | |
| Casella Waste Systems, Inc. Class A* | |
| | |
| | |
| | |
| Huron Consulting Group, Inc.* | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 2.7% |
| Abercrombie & Fitch Co. Class A* | |
| Boot Barn Holdings, Inc.* | |
| | |
| | |
| | |
| | | |
| Consumer Durables & Apparel - 3.8% |
| | |
| Century Communities, Inc. | |
| Installed Building Products, Inc. | |
| | |
| Smith Douglas Homes Corp.* | |
| | |
| | |
| | | |
| |
| Sweetgreen, Inc. Class A* | |
| | |
| Wyndham Hotels & Resorts, Inc. | |
| | | |
| |
| | |
| | |
| Kodiak Gas Services, Inc. | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.3% - (continued) |
| Energy - 2.4% - (continued) |
| | |
| Weatherford International PLC | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 2.2% |
| | |
| Phillips Edison & Co., Inc. REIT | |
| Ryman Hospitality Properties, Inc. REIT | |
| | | |
| Financial Services - 5.6% |
| | |
| Hamilton Lane, Inc. Class A | |
| | |
| StepStone Group, Inc. Class A | |
| | |
| | |
| | | |
| Food, Beverage & Tobacco - 0.8% |
| | |
| Health Care Equipment & Services - 9.5% |
| | |
| | |
| | |
| | |
| | |
| | |
| Hims & Hers Health, Inc.* | |
| iRhythm Technologies, Inc.* | |
| Merit Medical Systems, Inc.* | |
| Option Care Health, Inc.* | |
| PROCEPT BioRobotics Corp.* | |
| | |
| | |
| | | |
| Household & Personal Products - 2.0% |
| | |
| | |
| | | |
| |
| White Mountains Insurance Group Ltd. | |
| |
| | |
| Axalta Coating Systems Ltd.* | |
| | |
| | |
| | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 17.0% |
| Akero Therapeutics, Inc.* | |
| Amicus Therapeutics, Inc.* | |
| Apellis Pharmaceuticals, Inc.* | |
| Apogee Therapeutics, Inc.* | |
| Avidity Biosciences, Inc.* | |
| Axsome Therapeutics, Inc.* | |
| Bicara Therapeutics, Inc.*(1) | |
| | |
| Blueprint Medicines Corp.* | |
| Celldex Therapeutics, Inc.* | |
| Crinetics Pharmaceuticals, Inc.* | |
| | |
| | |
| Denali Therapeutics, Inc.* | |
| | |
The accompanying notes are an integral part of these financial statements.
The Hartford Small Cap Growth Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 98.3% - (continued) |
| Pharmaceuticals, Biotechnology & Life Sciences - 17.0% - (continued) |
| | |
| | |
| | |
| Ionis Pharmaceuticals, Inc.* | |
| Kymera Therapeutics, Inc.* | |
| | |
| Nurix Therapeutics, Inc.* | |
| | |
| Protagonist Therapeutics, Inc.* | |
| | |
| | |
| REVOLUTION Medicines, Inc.* | |
| Rocket Pharmaceuticals, Inc.* | |
| | |
| Scholar Rock Holding Corp.* | |
| Soleno Therapeutics, Inc.* | |
| Spyre Therapeutics, Inc.* | |
| Structure Therapeutics, Inc. ADR* | |
| | |
| Ultragenyx Pharmaceutical, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 4.1% |
| | |
| Credo Technology Group Holding Ltd.* | |
| | |
| | |
| | |
| | |
| | | |
| Software & Services - 11.5% |
| | |
| Altair Engineering, Inc. Class A* | |
| | |
| | |
| | |
| | |
| CCC Intelligent Solutions Holdings, Inc.* | |
| Clearwater Analytics Holdings, Inc. Class A* | |
| Grid Dynamics Holdings, Inc.* | |
| Guidewire Software, Inc.* | |
| Informatica, Inc. Class A* | |
| | |
| | |
| | |
| Sprout Social, Inc. Class A* | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 3.9% |
| | |
| | |
| Insight Enterprises, Inc.* | |
| Napco Security Technologies, Inc. | |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.3% - (continued) |
| |
| Knight-Swift Transportation Holdings, Inc. | |
| Total Common Stocks
(cost $260,293,378) | | |
EXCHANGE-TRADED FUNDS - 1.5% |
| Other Investment Pools & Funds - 1.5% |
| iShares Russell 2000 Growth ETF (1) | |
| Total Exchange-Traded Funds
(cost $5,351,559) | | |
| Total Long-Term Investments
(cost $265,644,937) | | |
SHORT-TERM INVESTMENTS - 0.7% |
| Repurchase Agreements - 0.1% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $421,444; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $429,873 | |
| Securities Lending Collateral - 0.6% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| | | |
| Total Short-Term Investments
(cost $2,612,593) | |
| Total Investments
(cost $268,257,530) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to 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.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| 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, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 1.6% |
| | |
| |
| | |
| | |
| Columbia Banking System, Inc. | |
| | |
| | |
| First Interstate BancSystem, Inc. Class A | |
| | |
| | |
| Pacific Premier Bancorp, Inc. | |
| Sandy Spring Bancorp, Inc. | |
| | | |
| |
| | |
| | |
| | |
| Spirit AeroSystems Holdings, Inc. Class A* | |
| | | |
| Commercial & Professional Services - 5.0% |
| | |
| | |
| | |
| | | |
| Consumer Durables & Apparel - 11.0% |
| | |
| | |
| | |
| | |
| Malibu Boats, Inc. Class A* | |
| | |
| | |
| | | |
| |
| Adtalem Global Education, Inc.* | |
| Cracker Barrel Old Country Store, Inc. | |
| Monarch Casino & Resort, Inc. | |
| | | |
| |
| | |
| Select Water Solutions, Inc. | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 3.0% |
| Pebblebrook Hotel Trust REIT | |
| Piedmont Office Realty Trust, Inc. Class A, REIT | |
| | | |
| Financial Services - 10.8% |
| Bread Financial Holdings, Inc. | |
| Encore Capital Group, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Health Care Equipment & Services - 6.4% |
| Integra LifeSciences Holdings Corp.* | |
| | |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| Household & Personal Products - 2.8% |
| Edgewell Personal Care Co. | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| Media & Entertainment - 1.9% |
| National CineMedia, Inc.*(1) | |
| Pharmaceuticals, Biotechnology & Life Sciences - 0.8% |
| Pacira BioSciences, Inc.* | |
| Semiconductors & Semiconductor Equipment - 2.4% |
| | |
| Silicon Motion Technology Corp. ADR | |
| | | |
| Software & Services - 6.6% |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| Total Common Stocks
(cost $100,213,292) | | |
EXCHANGE-TRADED FUNDS - 2.2% |
| Other Investment Pools & Funds - 2.2% |
| iShares Russell 2000 Value ETF | |
| Total Exchange-Traded Funds
(cost $2,532,418) | | |
| Total Long-Term Investments
(cost $102,745,710) | | |
SHORT-TERM INVESTMENTS - 0.1% |
| Repurchase Agreements - 0.1% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $157,990; collateralized by U.S. Treasury Note at 0.88%, maturing 06/30/2026, with a market value of $161,207 | |
| Securities Lending Collateral - 0.0% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
The accompanying notes are an integral part of these financial statements.
Hartford Small Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.1% - (continued) |
| Securities Lending Collateral - 0.0% - (continued) |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| | | |
| Total Short-Term Investments
(cost $160,819) | |
| Total Investments
(cost $102,906,529) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Current yield as of period end. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 0.6% |
| | |
| |
| | |
| |
| | |
| | |
| Applied Industrial Technologies, Inc. | |
| | |
| Comfort Systems USA, Inc. | |
| | |
| | |
| | |
| NEXTracker, Inc. Class A* | |
| Rush Enterprises, Inc. Class A | |
| Shoals Technologies Group, Inc. Class A* | |
| | |
| Zurn Elkay Water Solutions Corp. | |
| | | |
| Commercial & Professional Services - 7.6% |
| Aris Water Solutions, Inc. Class A | |
| Casella Waste Systems, Inc. Class A* | |
| ExlService Holdings, Inc.* | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 2.6% |
| Abercrombie & Fitch Co. Class A* | |
| Boot Barn Holdings, Inc.* | |
| | |
| | |
| | | |
| Consumer Durables & Apparel - 1.7% |
| | |
| |
| | |
| | |
| | |
| Sweetgreen, Inc. Class A* | |
| | |
| | | |
| |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 3.2% |
| American Healthcare, Inc. REIT | |
| Phillips Edison & Co., Inc. REIT | |
| Ryman Hospitality Properties, Inc. REIT | |
| | | |
| Financial Services - 3.9% |
| HA Sustainable Infrastructure Capital, Inc. | |
| Hamilton Lane, Inc. Class A | |
| PJT Partners, Inc. Class A | |
| | | |
| Health Care Equipment & Services - 10.7% |
| Acadia Healthcare Co., Inc.* | |
| Alignment Healthcare, Inc.* | |
| | |
| | |
| | |
| Hims & Hers Health, Inc.* | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.6% - (continued) |
| Health Care Equipment & Services - 10.7% - (continued) |
| Inspire Medical Systems, Inc.* | |
| | |
| PROCEPT BioRobotics Corp.* | |
| | |
| | | |
| Household & Personal Products - 1.1% |
| | |
| |
| | |
| |
| | |
| Media & Entertainment - 2.5% |
| | |
| | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 17.4% |
| Akero Therapeutics, Inc.* | |
| Amicus Therapeutics, Inc.* | |
| Apellis Pharmaceuticals, Inc.* | |
| Apogee Therapeutics, Inc.* | |
| Avidity Biosciences, Inc.* | |
| | |
| Blueprint Medicines Corp.* | |
| Celldex Therapeutics, Inc.* | |
| Crinetics Pharmaceuticals, Inc.* | |
| | |
| | |
| | |
| | |
| Immunocore Holdings PLC ADR* | |
| | |
| Intellia Therapeutics, Inc.* | |
| Intra-Cellular Therapies, Inc.* | |
| Kymera Therapeutics, Inc.* | |
| | |
| Nurix Therapeutics, Inc.* | |
| | |
| Protagonist Therapeutics, Inc.* | |
| | |
| | |
| REVOLUTION Medicines, Inc.* | |
| Rocket Pharmaceuticals, Inc.* | |
| | |
| Scholar Rock Holding Corp.* | |
| Soleno Therapeutics, Inc.* | |
| Structure Therapeutics, Inc. ADR* | |
| Syndax Pharmaceuticals, Inc.* | |
| | |
| | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 3.5% |
| Credo Technology Group Holding Ltd.* | |
| | |
| | |
| | |
| | |
| | | |
| Software & Services - 8.1% |
| | |
| Clearwater Analytics Holdings, Inc. Class A* | |
| | |
The accompanying notes are an integral part of these financial statements.
The Hartford Small Company Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 98.6% - (continued) |
| Software & Services - 8.1% - (continued) |
| DoubleVerify Holdings, Inc.* | |
| Ingram Micro Holding Corp.*(3) | |
| | |
| | |
| SentinelOne, Inc. Class A* | |
| Sprout Social, Inc. Class A* | |
| | | |
| Technology Hardware & Equipment - 4.2% |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $501,265,113) | | |
EXCHANGE-TRADED FUNDS - 1.4% |
| Other Investment Pools & Funds - 1.4% |
| iShares Russell 2000 Growth ETF (3) | |
| Total Exchange-Traded Funds
(cost $8,956,853) | | |
| Total Long-Term Investments
(cost $510,221,966) | | |
SHORT-TERM INVESTMENTS - 0.6% |
| Repurchase Agreements - 0.0% |
| Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2024 at 4.85%, due on 11/01/2024 with a maturity value of $427,436; collateralized by U.S. Treasury Note at 4.63%, maturing 06/30/2026, with a market value of $435,996 | |
| Securities Lending Collateral - 0.6% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(4) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(4) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| | | |
| Total Short-Term Investments
(cost $4,177,435) | |
| Total Investments
(cost $514,399,401) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $1,451,926 or 0.2% of net assets. |
| Investment valued using significant unobservable inputs. |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| 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 Company Fund
Schedule of Investments – (continued)October 31, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
GLOSSARY: (abbreviations used in preceding Schedules of Investments)
|
| |
|
| American Depositary Receipt |
| |
| |
| Real Estate Investment Trust |
Hartford Domestic Equity Funds
Statements of Assets and LiabilitiesOctober 31, 2024
| The Hartford
Capital
Appreciation
Fund | | The Hartford
Dividend and
Growth Fund | The Hartford
Equity Income
Fund | The Hartford
Growth
Opportunities
Fund | The Hartford
Healthcare Fund |
| | | | | | |
Investments in securities, at market value(1) | | | | | | |
| | | | | | |
| | | | | | |
Cash collateral due from broker on futures contracts | | | | | | |
Cash collateral held for securities on loan | | | | | | |
| | | | | | |
| | | | | | |
Investment securities sold | | | | | | |
| | | | | | |
| | | | | | |
Securities lending income | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Obligation to return securities lending collateral | | | | | | |
| | | | | | |
Investment securities purchased | | | | | | |
| | | | | | |
Investment management fees | | | | | | |
| | | | | | |
| | | | | | |
Chief Compliance Officer fees | | | | | | |
| | | | | | |
Variation margin on futures contracts | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Capital stock and paid-in-capital | | | | | | |
Distributable earnings (loss) | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Class A:Net asset value per share | | | | | | |
Maximum offering price per share | | | | | | |
| | | | | | |
| | | | | | |
Class C:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class I:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class R3:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class R4:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of Assets and Liabilities – (continued)October 31, 2024
| The Hartford Capital Appreciation Fund | | The Hartford Dividend and Growth Fund | The Hartford Equity Income Fund | The Hartford Growth Opportunities Fund | The Hartford Healthcare Fund |
Class R5:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class R6:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class Y:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
Class F:Net asset value per share | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
(1) Includes Investment in securities on loan, at market value | | | | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of Assets and Liabilities – (continued)October 31, 2024
| | The Hartford
MidCap Value
Fund | The Hartford
Small Cap
Growth Fund | Hartford
Small Cap
Value Fund | The Hartford
Small Company
Fund |
| | | | | |
Investments in securities, at market value(1) | | | | | |
| | | | | |
| | | | | |
Cash collateral held for securities on loan | | | | | |
| | | | | |
| | | | | |
Investment securities sold | | | | | |
| | | | | |
| | | | | |
Securities lending income | | | | | |
| | | | | |
| | | | | |
| | | | | |
Obligation to return securities lending collateral | | | | | |
| | | | | |
Investment securities purchased | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Capital stock and paid-in-capital | | | | | |
Distributable earnings (loss) | | | | | |
| | | | | |
| | | | | |
| | | | | |
Class A:Net asset value per share | | | | | |
Maximum offering price per share | | | | | |
| | | | | |
| | | | | |
Class C:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class I:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R3:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R4:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R5:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R6:Net asset value per share | | | | | |
| | | | | |
| | | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of Assets and Liabilities – (continued)October 31, 2024
| | The Hartford MidCap Value Fund | The Hartford Small Cap Growth Fund | Hartford Small Cap Value Fund | The Hartford Small Company Fund |
Class Y:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class F:Net asset value per share | | | | | |
| | | | | |
| | | | | |
| | | | | |
(1) Includes Investment in securities on loan, at market value | | | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of OperationsFor the Year Ended October 31, 2024
| The Hartford
Capital
Appreciation
Fund | | The Hartford
Dividend and
Growth Fund | The Hartford
Equity Income
Fund | The Hartford
Growth
Opportunities
Fund | The Hartford
Healthcare Fund |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Foreign withholding tax reclaims | | | | | | |
Less: Foreign tax withheld | | | | | | |
Total investment income, net | | | | | | |
| | | | | | |
Investment management fees | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Registration and filing fees | | | | | | |
| | | | | | |
| | | | | | |
Chief Compliance Officer fees | | | | | | |
| | | | | | |
| | | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | | | | |
Transfer agent fee waivers | | | | | | |
Distribution fee reimbursements | | | | | | |
| | | | | | |
Total waivers, reimbursements and fees paid indirectly | | | | | | |
| | | | | | |
Net Investment Income (Loss) | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | | |
| | | | | | |
| | | | | | |
Other foreign currency transactions | | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | | |
| | | | | | |
| | | | | | |
Translation of other assets and liabilities in foreign currencies | | | | | | |
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, 2024
| The Hartford Capital Appreciation Fund | | The Hartford Dividend and Growth Fund | The Hartford Equity Income Fund | The Hartford Growth Opportunities Fund | The Hartford Healthcare Fund |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | | |
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, 2024
| | The Hartford
MidCap Value
Fund | The Hartford
Small Cap
Growth Fund | Hartford
Small Cap
Value Fund | The Hartford
Small Company
Fund |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Less: Foreign tax withheld | | | | | |
Total investment income, net | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Registration and filing fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
| | | | | |
Total expenses (before waivers, reimbursements and fees paid indirectly) | | | | | |
| | | | | |
Transfer agent fee waivers | | | | | |
Distribution fee reimbursements | | | | | |
| | | | | |
Total waivers, reimbursements and fees paid indirectly | | | | | |
| | | | | |
Net Investment Income (Loss) | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions on: | | | | | |
| | | | | |
Other foreign currency transactions | | | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of: | | | | | |
| | | | | |
Investments in affiliated investments | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) | | | | | |
Net Gain (Loss) on Investments and Foreign Currency Transactions | | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | |
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 | |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
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,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
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,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
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 Value Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
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| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of Changes in Net Assets – (continued)
| The Hartford
Small Cap Growth Fund | Hartford
Small Cap Value Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Statements of Changes in Net Assets – (continued)
| The Hartford
Small Company Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | |
Net investment income (loss) | | |
Net realized gain (loss) on investments | | |
Net changes in unrealized appreciation (depreciation) of investments | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | |
Capital Share Transactions: | | |
| | |
| | |
Net increase (decrease) from capital share transactions | | |
Net Increase (Decrease) in Net Assets | | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net
Assets
at End
of Period
(000s) | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
| Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
| Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets | |
The Hartford Capital Appreciation Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2023 |
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| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2022 |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Capital Appreciation Fund – (continued) |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Hartford Core Equity Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
Hartford Core Equity Fund – (continued) |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
The Hartford Dividend and Growth Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Dividend and Growth Fund – (continued) |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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The Hartford Equity Income Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Equity Income Fund – (continued) |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Growth Opportunities Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2022 |
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| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Growth Opportunities Fund – (continued) |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
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The Hartford Healthcare Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2023 |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford Healthcare Fund – (continued) |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | |
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|
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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 — |
| 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 | | 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 | |
The Hartford MidCap Fund – (continued) |
For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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The Hartford MidCap Value Fund |
For the Year Ended October 31, 2024 |
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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 — |
| 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 | | 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 | |
The Hartford MidCap Value Fund – (continued) |
For the Year Ended October 31, 2023 |
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For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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The Hartford Small Cap Growth Fund |
For the Year Ended October 31, 2024 |
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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 — |
| 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 | | 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 | |
The Hartford Small Cap Growth Fund – (continued) |
For the Year Ended October 31, 2023 |
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For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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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 — |
| 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 | | 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 | |
Hartford Small Cap Value Fund |
For the Year Ended October 31, 2024 |
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For the Year Ended October 31, 2023 |
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For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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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 — |
| 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 | | 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 | |
Hartford Small Cap Value Fund – (continued) |
For the Year Ended October 31, 2020 |
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The Hartford Small Company Fund |
For the Year Ended October 31, 2024 |
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For the Year Ended October 31, 2023 |
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For the Year Ended October 31, 2022 |
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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 — |
| 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 | | 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 | |
The Hartford Small Company Fund – (continued) |
For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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FINANCIAL HIGHLIGHTS FOOTNOTES |
| 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. |
| 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. |
| Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
| The “Net Realized and Unrealized Gain (Loss) on Investments” and “Total from Net Investment Income” for Classes I, R4 and R5 shares have been updated since the October 31, 2021 Annual Report to reflect a non-material change of $0.01 to these amounts. |
| Amount is less than $0.01 per share. |
| Amount is less than (0.01)%. |
| The expense ratio includes expenses associated with The Hartford Growth Opportunities Fund’s shareholder meeting held on December 13, 2023, which was ultimately adjourned until January 23, 2024. If these expenses were excluded, the ratios would have been as follows: 1.07% (Class A), 1.89% (Class C), 0.83% (Class I), 1.44% (Class R3), 1.13% (Class R4), 0.83% (Class R5), 0.73% (Class R6), 0.81% (Class Y) and 0.73% (Class F). |
| Per share amounts have been adjusted for a 4 for 1 reverse share split on September 13, 2024 (See Note 16 in the Notes to Financial Statements). |
| Per share amounts have been adjusted for a 2 for 1 reverse share split on September 13, 2024 (See Note 16 in the Notes to Financial Statements). |
| Commenced operations on June 22, 2022. |
| 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. |
| |
| |
The accompanying notes are an integral part of these financial statements.
Hartford Domestic Equity Funds
Notes to Financial Statements October 31, 2024
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 fifteen series, respectively, as of October 31, 2024. 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") |
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 U.S. 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 R6, Class Y and Class F shares. Class A shares of each Fund are sold with a front-end sales charge of up to 5.50%. Class C shares of each Fund are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class C shares automatically convert to Class A shares of the same Fund after eight years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least eight 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 of each class of each Fund's shares is determined by dividing the value of the Fund’s net assets attributable to the class of shares by the number of shares outstanding for that class. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.
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, 2024
With respect to a Fund's investments that do not have readily available market prices, each Company's Board of Directors (the "Board") has designated Hartford Funds Management Company, LLC (the "Investment Manager" or "HFMC") as its valuation designee to perform fair valuations pursuant to Rule 2a-5 under the 1940 Act (the "Valuation Designee").
If market prices are not readily available or deemed unreliable, the Valuation Designee determines the fair value of the security or other instrument in good faith under policies and procedures approved by and under the supervision of the Board ("Valuation Procedures").
The Valuation Designee has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee (the "Valuation Committee"). The Valuation Committee will consider all available relevant factors in determining an investment’s fair value. The Valuation Designee reports fair value matters to the Audit Committee of the Board.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.
Fixed income investments (other than short-term obligations) and non-exchange traded derivatives held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost, which approximates fair value.
Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange ("Exchange Close"). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, 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.
Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Investments in investment companies that are not listed or traded on an exchange ("Non-Traded Funds"), if any, are valued at the respective NAV of each Non-Traded Fund on the Valuation Date. Such Non-Traded Funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
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
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.
•
Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund's Schedule of Investments.
c)
Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.
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.
The Dividend and Growth Fund filed claims to recover taxes withheld on prior year reclaims (EU reclaims) related to French taxes withheld on dividend income from 2009, 2010 and 2011. The Dividend and Growth Fund received EU reclaims with related interest in the amount of $427,032, which is recorded on the Statement of Operations as Foreign withholding tax reclaims.
Idle cash and currency balances may be swept into overnight sweep accounts held in a demand deposit account at State Street Bank and Trust Company ("State Street") that earn interest, which are classified as interest income on the Statements of Operations.
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 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
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
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 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(s), as applicable, the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser(s) will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held. In the event the borrower commences bankruptcy proceedings, a court may characterize the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund's Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2024.
4.
Financial Derivative Instruments:
The following disclosures contain information on the derivative instruments used by a Fund during the period, the credit-risk-related contingent features in certain derivative instruments, and how such derivative instruments affect the financial position and results of operations of the applicable Fund. 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.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
During the year ended October 31, 2024, the Capital Appreciation Fund had used futures contracts.
b)
Additional Derivative Instrument Information:
Capital Appreciation Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized depreciation on futures contracts(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, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on futures contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | | | | | |
| | | | | | |
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Number of Long Contracts | |
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.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
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, 2024:
Capital Appreciation Fund | | |
Derivative Financial Instruments: | | |
| | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
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.
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.
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.
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, 2024. 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"), reclasification of dividend income, RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
c)
Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2024 and October 31, 2023 are as follows:
| For the Year Ended
October 31, 2024 | For the Year Ended
October 31, 2023 |
| | | | |
Capital Appreciation Fund | | | | |
| | | | |
| | | | |
| | | | |
Growth Opportunities Fund | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| The Funds designate these distributions as long-term capital gains dividends pursuant to IRC Sec 852(b)(3)(c). |
As of October 31, 2024, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:
| Undistributed
Ordinary
Income | Undistributed
Long-Term
Capital Gains | Accumulated
Capital and
Other Losses | Other
Temporary
Differences | Unrealized
Appreciation
(Depreciation)
on Investments | Total
Accumulated
Earnings
(Deficit) |
Capital Appreciation Fund | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Growth Opportunities Fund | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
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 earnings and profits distributed to shareholders on the redemption of shares, net operating loss, reclassification of dividend income and subsequent adjustments to wash sales. Adjustments are made to reflect the impact these items have on the current and future earnings distributions to shareholders. Therefore, the source of the Funds' distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2024, the Funds recorded reclassifications to increase (decrease) the accounts listed below:
| | Distributable
Earnings (Loss) |
Capital Appreciation Fund | | |
| | |
| | |
| | |
Growth Opportunities Fund | | |
| | |
| | |
| | |
| | |
| | |
e)
Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
At October 31, 2024 (tax year end), each Fund's capital loss carryforwards for U.S. federal income tax purposes were as follows:
| Short-Term
Capital Loss
Carryforward with
No Expiration | Long-Term
Capital Loss
Carryforward with
No Expiration |
Growth Opportunities Fund | | |
| | |
During the year ended October 31, 2024, Capital Appreciation Fund utilized $15,319,634, Growth Opportunities Fund utilized $741,880,605, Healthcare Fund utilized $15,112,871 and Small Company Fund utilized $26,900,521 of prior year capital loss carryforwards.
The Capital Appreciation Fund, Core Equity Fund, Dividend and Growth Fund, Equity Income Fund, Healthcare Fund, MidCap Fund, MidCap Value Fund, Small Cap Growth Fund and Small Cap Value Fund had no capital loss carryforwards for U.S. federal tax purposes as of October 31, 2024.
During the year ended October 31, 2024, Growth Opportunities Fund deferred $27,225,639, MidCap Fund deferred $23,895,735 and Small Company Fund deferred $1,993,590 late year ordinary losses.
f)
Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2024 is different from book purposes primarily due to wash sale loss deferrals, PFIC mark to market adjustments, partnerships and reclassification of dividend income. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals, mark-to-market adjustments on futures, PFICs, partnership adjustments and reclassification of dividend income. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:
| | Gross Unrealized
Appreciation | Gross Unrealized
(Depreciation) | Net Unrealized
Appreciation
(Depreciation) |
Capital Appreciation Fund | | | | |
| | | | |
| | | | |
| | | | |
Growth Opportunities Fund | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
g)
Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, HFMC reviews each Fund’s tax positions for all open tax years. As of October 31, 2024, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for three years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2024, 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. Each Fund pays a fee to HFMC. 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, 2024; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| |
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; |
| |
| 0.4500% 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; |
| |
| 0.7500% 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; |
| |
| 0.7500% 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; |
| |
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; |
| |
| 0.9000% 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; |
| |
| 0.8500% 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; |
| |
| 0.7500% 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; |
| |
| 0.9000% 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; |
| |
| 0.7000% 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; |
| |
| 0.8500% 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; |
| |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
b)
Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between each Company, on behalf of its respective Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company ("State Street"). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. The fund accounting fee for each Fund is equal to the greater of: (A) the sum of (i) the sub-accounting fee payable by HFMC with respect to the Fund; (ii) the fee payable for tax preparation services for the Fund; and (iii) the amount of expenses that HFMC allocates for providing the fund accounting services to the Fund; plus a target profit margin; or (B) $40,000 per year; provided, however, that to the extent the annual amount of the fund accounting fee exceeds 0.02% of the Fund’s average net assets (calculated during its current fiscal year), HFMC shall waive such portion of the fund accounting fee.
c)
Operating Expenses – Allocable expenses incurred by each Company are allocated to each series within such Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2024, 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), until February 28, 2025 (unless the applicable Board of Directors approves its earlier termination) as follows for the following Fund:
| Expense Limit as a Percentage of Average Daily Net Assets |
| | | | | | | | | |
| | | | | | | | | |
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, 2024, 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 impacted annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows: Capital Appreciation Fund Class F (0.69%), Core Equity Fund Class A (0.69%), and Class I (0.45%), Dividend and Growth Fund Class F (0.62%), Class Y (0.72%), and Class R5 (0.72%), Equity Income Fund Class F (0.64%), Growth Opportunities Fund Class R5 (0.86%), MidCap Value Fund Class Y (0.86%), Class R3 (1.47%), Class R4 (1.17%), and Class R5 (0.87%), Small Cap Growth Fund Class C (2.12%), and Class R6 (0.86%). The amount of fees recaptured by the other funds did not impact the ratio of expenses to average net assets in the financial highlights.
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, 2024, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:
| | Contingent Deferred
Sales Charges |
Capital Appreciation Fund | | |
| | |
| | |
| | |
Growth Opportunities Fund | | |
| | |
| | |
| | |
| | |
| | |
| | |
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, 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.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
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 share class of the applicable Fund. Such amounts are reflected as "Distribution fee reimbursements" on the Statements of Operations.
f)
Remuneration Paid to Directors, Officers, and others – 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, 2024, a portion of each Company’s Chief Compliance Officer’s ("CCO") compensation was paid by each Fund, which is included on the Statement of Operations as Chief Compliance Officer fees.
g)
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 SS&C GIDS, Inc. ("SS&C") (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and SS&C (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.
| Specified Amount
(as a percentage
average daily
net assets) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Effective March 1, 2024, HASCO has contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class Y of the Fund listed below until February 28, 2025, unless the applicable Board of Directors approves its earlier termination.
From November 1, 2023 through February 29, 2024, HASCO contractually agreed to waive and/or reimburse a portion of the transfer agency fees for Class Y of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:
Effective July 1, 2024, HASCO has contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class I of the Funds listed below until February 28, 2025, unless the Board of Directors approves its earlier termination as follows:
| | |
| | |
| | |
| | |
Growth Opportunities Fund | | |
| | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
Pursuant to a sub-transfer agency agreement between HASCO and SS&C, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to SS&C. Each Fund does not pay any fee directly to SS&C; rather, HASCO makes all such payments to SS&C. 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, 2024, 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:
| | | | | | | | | |
Capital Appreciation Fund | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
Growth Opportunities Fund | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| Percentage rounds to zero. |
Each Company has entered into a securities lending agency agreement ("lending agreement") with Citibank, N.A. ("Citibank"). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. A Fund may lend portfolio securities, provided that the borrower provides collateral that is maintained in an amount at least equal to the current market value of the securities loaned. Cash collateral is invested for the benefit of a Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned. The contractual maturities of the securities lending transactions are considered overnight and continuous.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective; and (vii) operational risks (i.e., the risk of losses resulting from problems in the settlement and accounting process especially so in certain international markets). These events could also trigger adverse tax consequences for a Fund.
A Fund retains loan fees and the interest on cash collateral investments but is required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the applicable Fund). Upon termination of a loan, a Fund is required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.
The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. A Fund also receives payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
The following table presents for each Fund that lends its portfolio securities the market value of the securities on loan and the cash and non-cash collateral posted by the borrower as of October 31, 2024.
| Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities | | |
Capital Appreciation Fund | | | |
| | | |
| | | |
| | | |
Growth Opportunities Fund | | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract due to timing. Pursuant to the lending agreement, the borrower will provide collateral in an amount at least equal to the current market value of securities loaned. |
9.
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, 2024, the MidCap Fund owned 5% or more of the outstanding voting securities of the issuer identified in the table below.
A summary of affiliated security transactions for the year ended October 31, 2024 follows:
| Beginning
Value as of
November 1, 2023 | | | Net
Realized
Gain/(Loss)
on Sales | | Change in
Unrealized
Appreciation/
(Depreciation) | Ending
Value as of
October 31,
2024 | Shares as of
October 31,
2024 | | Capital Gains
Distribution |
|
| | | | | | | | | | |
| Not an affiliate as of October 31, 2024. |
As of October 31, 2024, affiliates of The Hartford had ownership of shares in certain Funds as follows:
| Percentage rounds to zero. |
Percentage of Fund by Class: | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| Percentage rounds to zero. |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
As of October 31, 2024, affiliated funds of funds and the 529 plan for which HFMC serves as the program manager (the "529 plan") in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares as a result of purchase and sale activity from these affiliated funds of funds and the 529 plan. Affiliated funds of funds and the 529 plan owned shares in the Funds listed below as follows:
| |
Capital Appreciation Fund | |
| |
| |
| |
Growth Opportunities Fund | |
| |
| |
| |
| |
| |
| As of October 31, 2024, affiliated funds of funds and the 529 plan were invested in Class F shares. |
11.
Investment Transactions:
For the year ended October 31, 2024, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| Cost of Purchases
Excluding U.S.
Government
Obligations | Sales Proceeds
Excluding U.S.
Government
Obligations | | |
Capital Appreciation Fund | | | | |
| | | | |
| | | | |
| | | | |
Growth Opportunities Fund | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
12.
Capital Share Transactions:
The following information is for the years ended October 31, 2024 and October 31, 2023:
| For the Year Ended
October 31, 2024 | For the Year Ended
October 31, 2023 |
| | | | |
Capital Appreciation Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Dividend and Growth Fund(1) | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
Growth Opportunities Fund(1) | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| Includes In-Kind Redemptions during the year ended October 31, 2023. |
| Share transactions have been adjusted to reflect the effect of a 4 for 1 reverse share split on September 13, 2024 (See Note 16 of the Notes to Financial Statements). |
| Share transactions have been adjusted to reflect the effect of a 2 for 1 reverse share split on September 13, 2024 (See Note 16 of the Notes to Financial Statements). |
In certain circumstances, a Fund may distribute portfolio securities as payment for redemption of Fund shares (redemption in-kind). For financial reporting purposes, a Fund will recognize a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities; a Fund will recognize a loss if the cost exceeds value. Gains and losses realized on redemptions in-kind are not recognized for tax purposes, and are re-classified from realized gain (loss) to paid-in-capital.
During the year ended October 31, 2023, 8,428,087 and 5,854,664 shares of the Dividend and Growth Fund and Growth Opportunities Fund, respectively, were redeemed in-kind. A net realized gain (loss) of ($7,936,735) and ($32,684,108) on investments for the Dividend and Growth Fund and Growth Opportunities Fund, respectively, delivered through the in-kind redemptions.
Each Fund participates in a committed line of credit pursuant to a credit agreement dated February 29, 2024. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges certain fees, such as a commitment fee. From November 1, 2023 through February 29, 2024, the Funds (together with certain other Hartford Funds) had a similar agreement that enabled them to participate in a $350 million committed line of credit. The fees incurred by the Funds in connection with the committed lines of credit during the period appear in the Statements of Operations under "Other expenses." During and as of the year ended October 31, 2024, none of the Funds had borrowings under these facilities.
Hartford Domestic Equity Funds
Notes to Financial Statements – (continued) October 31, 2024
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.
Reverse Stock Split for Class C shares of the Growth Opportunities Fund, the MidCap Fund, the Small Cap Growth Fund, and the Small Company Fund:
The Board of Directors of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. approved a reverse stock split of the issued and outstanding Class C shares (the “Reverse Stock Split”) of each of the Growth Opportunities Fund, the MidCap Fund, the Small Cap Growth Fund, and the Small Company Fund. References to a "Fund" in this section refer only to the Growth Opportunities Fund, the MidCap Fund, the Small Cap Growth Fund, and the Small Company Fund. The Reverse Stock Split was completed after the close of business on September 13, 2024 (the “Effective Date”). As a result of the Reverse Stock Split, for each Class C share of a Fund that a shareholder owned as of the Effective Date, the shareholder received a proportional number of Class C shares of the same Fund with the same aggregate dollar value. Thus, the total dollar value of an investment in Class C shares of a Fund was unchanged and each shareholder continues to own the same percentage (by value) of the class of the same Fund immediately following the Reverse Stock Split as the shareholder owned immediately prior to the Reverse Stock Split. The Reverse Stock Split was not a taxable event, nor did it impact the net assets, operational results or total return of the Funds. The Reverse Stock Split was carried out in accordance with a stock split ratio set forth below, calculated to result in a net asset value per share that better aligns the share class prices of such Fund. The shares outstanding, NAV per share and other per share information have been updated in the accompanying financial statements and the financial highlights to reflect the effect of the Reverse Stock Split.
| |
Growth Opportunities Fund | |
| |
| |
| |
17.
Recent Accounting Pronouncement:
In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-07 (“ASU 2023-07”), “Segment Reporting (“Topic 280”). ASU 2023-07 clarifies the guidance in Topic 280, which requires public entities to provide disclosures of significant segment expenses and other segment items. The guidance requires public entities to provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually and also applies to public entities with a single reportable segment. Entities are permitted to disclose more than one measure of a segment’s profit or loss if such measures are used by the Chief Operating Decision Maker to allocate resources and assess performance, as long as at least one of those measures is determined in a way that is most consistent with the measurement principles used to measure the corresponding amounts in the consolidated financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Management is currently evaluating the implications, if any, of the additional requirements and their impact on the Funds' financial statements.
Management has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.
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, 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, and The Hartford Small Cap Growth Fund (two of the funds constituting The Hartford Mutual Funds II, Inc.) (hereafter collectively referred to as the “Funds”) as of October 31, 2024, the related statements of operations for the year ended October 31, 2024, the statements of changes in net assets for each of the two years in the period ended October 31, 2024, including the related notes, and the financial highlights for each of the periods indicated therein (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, 2024, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2024 and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.
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, 2024 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 26, 2024
We have served as the auditor of one or more investment companies in the Hartford Funds group of investment companies since 2020.
Hartford Domestic Equity Funds
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable. There were no changes in or disagreements with accountants during the period.
Hartford Domestic Equity Funds
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
A special meeting of shareholders of The Hartford Growth Opportunities Fund (the "Fund") was held on December 13, 2023, which was ultimately adjourned until January 23, 2024 (“Shareholder Meeting”). At the Shareholder Meeting, shareholders of the Fund did not achieve the necessary quorum under the Investment Company Act of 1940, as amended, to approve the proposal to reclassify the Fund from a diversified investment company to a non-diversified investment company and eliminate a related fundamental diversification policy. As a result, the Fund remains diversified and remains subject to its related fundamental diversification policy. The final results of the Shareholder Meeting are below:
|
Shares Outstanding (as of Record Date (September 25, 2023)): 116,143,369 |
Total Shares Voted: 55,586,848 |
Percentage of Shares Voted: 47.86% |
|
Percentage of Shares For: 70.67% |
|
Percentage of Shares Against: 14.95% |
Votes Abstained: 7,991,916 |
Percentage of Shares Abstained: 14.38% |
Hartford Domestic Equity Funds
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The response to this item is included under Item 7 of this form.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)
The Hartford Mutual Funds, Inc.
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
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 September 11-12, 2024, the Boards of Directors (collectively, the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”) and The Hartford Mutual Funds II, Inc. (“HMF II”), including 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 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 together 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 September 11-12, 2024 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 11, 2024 and September 11-12, 2024. 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 11, 2024 and September 11-12, 2024 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 23, 2024 concerning Fund performance and other investment-related matters.
The Independent Directors engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, total expense ratios and investment performance compared to those of an appropriate group of investment companies selected by Broadridge. The Independent Directors also engaged an independent consultant (the “Consultant”) to assist them in evaluating each Fund’s fees and expenses.
In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds and the Independent Directors were also separately assisted by
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
independent legal counsel. In connection with their deliberations, the Independent Directors met separately with independent legal counsel and the Consultant on June 7, 2024 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 7, 2024 and June 11, 2024 meetings, the Independent Directors presented HFMC and its affiliates with requests for additional information on certain topics. HFMC responded to these requests with additional information in connection with the September 11-12, 2024 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board reviewed information about each Adviser’s compliance policies and procedures and compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, including the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ risk management programs, as well as the efforts of the Advisers to address cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate.
With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of investment advisory and administrative services in connection with selecting, monitoring and supervising the Sub-adviser. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and ongoing oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds. The Board considered HFMC’s oversight of the securities lending program for the Funds that engage in securities lending and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts, if any, managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s overall strategic plan for, and ongoing commitment to review and re-assess, the Hartford funds product line-up. The Board 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 and HFMC’s oversight of these practices.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
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 either an exchange-traded fund or a closed-end fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are either an exchange-traded fund or a closed-end 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-adviser.
Performance of each Fund and the Advisers
The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods and evaluated HFMC’s analysis of each Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board also noted that, for The Hartford Capital Appreciation Fund, the Fund utilizes a multiple sleeve structure whereby each sleeve uses a different investment style and considered the performance attributions of the underlying portfolio managers. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with HFMC’s Investment Advisory Group the reasons for such performance as well as any specific actions that the Advisers had taken, or had agreed to take, to seek to enhance Fund investment performance and the results of those actions. The Board also considered information provided by the Consultant relating to each Fund’s performance track record.
Based on these considerations, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.
Costs of the Services and Profitability of the Advisers
The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of investment managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
The Board considered that the Independent Directors’ prior independent consultant had previously reviewed 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 prior independent consultant previously reported that such process is reasonable, sound and consistent with common industry practice. The Board noted that HFMC’s process for calculating and reporting Fund profitability is consistent with the process previously reviewed by the prior independent consultant.
Based on these considerations, the Board concluded that the profits realized by HFMC and its affiliates from their relationships with each Fund were not excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered comparative information with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense ratios relative to an appropriate group of funds selected by Broadridge. For details regarding each Fund’s fees and expenses, see the Fund-by-Fund synopsis below.
The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the independent analysis and views of the Consultant regarding each Fund’s fees and total operating expenses in the context of the Fund’s investment performance.
The Board also considered that HFMC provides nondiscretionary investment advisory services to model portfolios that pursue investment objectives and investment strategies similar to those of the Hartford Core Equity Fund and The Hartford Dividend and Growth 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 any institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-adviser about any differences between the Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.
Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters considered, were reasonable in light of the services provided.
The Board considered information regarding economies of scale, including the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that 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 of the Hartford funds in recent years, which has resulted in benefits being realized by shareholders. The Board also noted that, for 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 considered HFMC’s assessment of the low asset levels for the Hartford Small Cap Value Fund.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
The Board reviewed and evaluated materials from Broadridge 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 and Broadridge, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale, if any, would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.
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 available industry data about fees charged by transfer agents to other mutual funds. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers, subject to oversight.
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board considered that HFD has entered into an agreement with Wellington and Wellington Trust Company NA to provide certain marketing support services in connection with certain collective investment trust vehicles managed by Wellington.
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.
For purposes of evaluating a Fund’s performance, the Board considered the Fund’s performance relative to similarly managed funds and the Fund’s performance relative to its benchmark. In particular, the Board considered the Fund’s performance of its Class A shares (net of all fees and expenses), as of March 31, 2024, and compared that performance to the Fund’s peer universe, which includes all funds within the same classification or category, as determined by Broadridge. The Board considered the Fund’s performance relative to its peer universe by evaluating its quintile ranking, with the 1st quintile representing the top performing funds within a peer universe and the 5th quintile representing the lowest performing funds. For purposes of evaluating the Fund’s performance relative to its benchmark, the Board considered the Fund’s performance of its Class I shares (net of all fees and expenses) as of March 31, 2024. The Board considered Fund performance to be “in line with” a Fund’s benchmark where it was 50 basis points above or below the benchmark return. With respect to fees and expenses, the Board considered the Fund’s contractual management fee, actual management fee, and total operating expenses of its Class A shares, as compared to the Fund’s expense peer group, which includes a group of similarly sized funds selected by Broadridge.
The Hartford Capital Appreciation Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.
•
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 4th quintile of its expense group.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Hartford Core Equity Fund
•
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1-year period and the 4th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods. The Board noted upcoming changes to the Fund’s portfolio management team.
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The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 1st quintile of its expense group.
The Hartford Dividend and Growth Fund
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The Board noted that the Fund’s performance was in the 2nd quintile versus its peer universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods.
•
The Board noted that the Fund’s contractual management fee, actual management fee and its total expenses were in the 3rd quintile.
The Hartford Equity Income Fund
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The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-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, actual management fee and total expenses were in the 3rd quintile of its expense group.
The Hartford Growth Opportunities Fund
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The Board noted that the Fund’s performance was in the 1st quintile versus its peer universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods.
•
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 3rd quintile of its expense group.
The Hartford Healthcare Fund
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The Board noted that the Fund’s performance was in the 5th quintile versus its peer 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 in line with its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.
•
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 5th quintile of its expense group.
•
The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1- and 5-year periods and the 4th quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods. The Board noted upcoming changes to the Fund’s portfolio management team.
•
The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile and its total expenses were in the 4th quintile.
Hartford Domestic Equity Funds
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
The Hartford MidCap Value Fund
•
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.
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The Board noted that the Fund’s contractual management fee and total expenses were in the 3rd quintile of its expense group, while its actual management fee was in the 4th quintile.
The Hartford Small Cap Growth Fund
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The Board noted that the Fund’s performance was in the 2nd quintile versus its peer universe for the 1-year period, the 4th quintile for the 3-year period, 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, in line with its benchmark for the 3-year period, and below its benchmark for the 5-year period. The Board noted upcoming changes to the Fund’s portfolio management team.
•
The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 3rd quintile and its total expenses were in the 4th quintile. The Board also noted that HASCO had contractually agreed to limit its transfer agency fee for Class Y shares of the Fund.
Hartford Small Cap Value Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1- and 5-year periods and the 5th quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods.
•
The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee and total expenses were in the 3rd quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
The Hartford Small Company Fund
•
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1- and 5-year periods and the 5th quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 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 were in the 4th quintile.
Based upon the review of the factors summarized above, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.
Hartford Domestic Equity Funds
Index Glossary for Indices Included in the Annual Shareholder Reports (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 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index. The Russell 3000 Index is designed to measure the performance of the 3,000 largest US companies based on total market capitalizations. |
Russell Midcap Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap growth segment of the US equity universe. It includes those Russell Midcap Index companies with relatively higher price-to-book ratios, higher I/B/E/S forecast medium term (2 year) growth and higher sales per share historical growth (5 years). |
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 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest US-domiciled company common stocks based on a combination of their market capitalization and current index membership. |
Russell 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 US-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 measure the performance of the 3,000 largest US companies based on their market capitalization. |
Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest US companies based on total market capitalization. |
Russell 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 US 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 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. |
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses. This and other important information is contained in the Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC.
MFAR-DE24 12/24 Printed in the U.S.A.
Hartford Schroders Funds
Annual Financial Statements
and Other Information
◼Hartford Schroders China A Fund |
◼Hartford Schroders Core Fixed Income Fund1 |
◼Hartford Schroders Diversified Emerging Markets Fund |
◼Hartford Schroders Diversified Growth Fund |
◼Hartford Schroders Emerging Markets Equity Fund |
◼Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
◼Hartford Schroders International Contrarian Value Fund |
◼Hartford Schroders International Multi-Cap Value Fund |
◼Hartford Schroders International Stock Fund |
◼Hartford Schroders Sustainable International Core Fund |
◼Hartford Schroders Tax-Aware Bond Fund |
◼Hartford Schroders US MidCap Opportunities Fund |
◼Hartford Schroders US Small Cap Opportunities Fund |
| Formerly, Hartford Schroders Sustainable Core Bond Fund |
Table of Contents
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Please note that this report includes responses to Items 7-11 of Form N-CSR, which is a reporting form filed with the U.S. Securities and Exchange Commission by mutual funds and exchange traded funds. Certain Form N-CSR items listed below may not be applicable. | |
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Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Hartford Schroders China A Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 6.0% |
| Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | |
| Fuyao Glass Industry Group Co. Ltd. Class A | |
| Zhejiang Shuanghuan Driveline Co. Ltd. Class A | |
| | | |
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| Bank of Hangzhou Co. Ltd. Class A | |
| Bank of Ningbo Co. Ltd. Class A | |
| China Merchants Bank Co. Ltd. Class A | |
| | | |
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| Contemporary Amperex Technology Co. Ltd. Class A | |
| Goneo Group Co. Ltd. Class A | |
| Hongfa Technology Co. Ltd. Class A | |
| Jiangsu Hengli Hydraulic Co. Ltd. Class A | |
| Sany Heavy Industry Co. Ltd. Class A | |
| Shenzhen Envicool Technology Co. Ltd. Class A | |
| Sieyuan Electric Co. Ltd. Class A | |
| Sinoma International Engineering Co. Class A | |
| Sinoseal Holding Co. Ltd. Class A | |
| Xi'an Bright Laser Technologies Co. Ltd. Class A | |
| Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | |
| | | |
| Consumer Durables & Apparel - 3.4% |
| Hangzhou Robam Appliances Co. Ltd. Class A | |
| Midea Group Co. Ltd. Class A | |
| | | |
| Consumer Staples Distribution & Retail - 0.9% |
| Laobaixing Pharmacy Chain JSC Class A | |
| |
| PetroChina Co. Ltd. Class A | |
| Yantai Jereh Oilfield Services Group Co. Ltd. Class A | |
| | | |
| Financial Services - 1.4% |
| Hithink RoyalFlush Information Network Co. Ltd. Class A | |
| Huatai Securities Co. Ltd. Class A | |
| | | |
| Food, Beverage & Tobacco - 4.3% |
| Anjoy Foods Group Co. Ltd. Class A | |
| Chacha Food Co. Ltd. Class A | |
| Kweichow Moutai Co. Ltd. Class A | |
| Muyuan Foods Co. Ltd. Class A* | |
| | | |
| Health Care Equipment & Services - 5.7% |
| iRay Technology Co. Ltd. Class A | |
| Micro-Tech Nanjing Co. Ltd. Class A | |
| Qingdao Haier Biomedical Co. Ltd. Class A | |
| Shanghai United Imaging Healthcare Co. Ltd. Class A | |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | |
| | | |
| Household & Personal Products - 0.1% |
| Proya Cosmetics Co. Ltd. Class A | |
| |
| Ping An Insurance Group Co. of China Ltd. Class A | |
| |
| China Jushi Co. Ltd. Class A | |
| Citic Pacific Special Steel Group Co. Ltd. Class A | |
Shares or Principal Amount | | |
COMMON STOCKS - 93.8% - (continued) |
| Materials - 16.6% - (continued) |
| Hubei Dinglong Co. Ltd. Class A* | |
| Jiangsu Yangnong Chemical Co. Ltd. Class A | |
| LB Group Co. Ltd. Class A | |
| Satellite Chemical Co. Ltd. Class A | |
| Shandong Sinocera Functional Material Co. Ltd. Class A | |
| Western Superconducting Technologies Co. Ltd. Class A | |
| Zijin Mining Group Co. Ltd. Class A | |
| | | |
| Media & Entertainment - 2.7% |
| Mango Excellent Media Co. Ltd. Class A | |
| Pharmaceuticals, Biotechnology & Life Sciences - 3.7% |
| Amoy Diagnostics Co. Ltd. Class A | |
| Shanghai Haoyuan Chemexpress Co. Ltd. Class A | |
| WuXi AppTec Co. Ltd. Class A | |
| | | |
| Real Estate Management & Development - 2.6% |
| Poly Developments & Holdings Group Co. Ltd. Class A | |
| Software & Services - 2.0% |
| Beijing Kingsoft Office Software, Inc. Class A | |
| | |
| | | |
| Technology Hardware & Equipment - 8.6% |
| Chaozhou Three-Circle Group Co. Ltd. Class A | |
| Luxshare Precision Industry Co. Ltd. Class A | |
| Shenzhen Sunlord Electronics Co. Ltd. Class A | |
| Victory Giant Technology Huizhou Co. Ltd. Class A | |
| Xiamen Faratronic Co. Ltd. Class A | |
| Zhejiang Crystal-Optech Co. Ltd. Class A | |
| | | |
| |
| CGN Power Co. Ltd. Class A | |
| Total Common Stocks
(cost $14,910,015) | | |
|
| Household & Personal Products - 2.5% |
| Ninebot Ltd. Expires 8/25/2025* | |
| Proya Cosmetics Co. Ltd. Expires 04/18/2025* | |
| | | |
| Technology Hardware & Equipment - 2.0% |
| Huaqin Technology Co. Ltd. Expires 04/08/2025* | |
| Total Warrants
(cost $720,719) | | |
| Total Long-Term Investments
(cost $15,630,734) | | |
| Total Investments
(cost $15,630,734) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders China A Fund
Schedule of Investments – (continued)October 31, 2024
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| “Warrants” refers to non-standard warrants and participatory notes. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
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Consumer Durables & Apparel | | | | |
Consumer Staples Distribution & Retail | | | | |
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Health Care Equipment & Services | | | | |
Household & Personal Products | | | | |
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Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Real Estate Management & Development | | | | |
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Technology Hardware & Equipment | | | | |
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| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund)
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.0% |
| Asset-Backed - Automobile - 5.1% |
| BMW Vehicle Owner Trust 5.18%, 02/26/2029 | |
| Chase Auto Owner Trust 5.13%, 05/25/2029(1) | |
| Ford Credit Auto Owner Trust 5.09%, 12/15/2028 | |
| GM Financial Consumer Automobile Receivables Trust 5.10%, 03/16/2029 | |
| Honda Auto Receivables Owner Trust 5.27%, 11/20/2028 | |
| Nissan Auto Receivables Owner Trust 5.28%, 12/15/2028 | |
| Toyota Auto Receivables Owner Trust 5.33%, 01/16/2029 | |
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| Other Asset-Backed Securities - 0.9% |
| Cedar Funding VI CLO Ltd. 5.93%, 04/20/2034, 3 mo. USD Term SOFR + 1.31%(1)(2) | |
| Dewolf Park CLO Ltd. 5.84%, 10/15/2030, 3 mo. USD Term SOFR + 1.18%(1)(2) | |
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| Whole Loan Collateral CMO - 0.0% |
| Towd Point Mortgage Trust | |
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| Total Asset & Commercial Mortgage-Backed Securities
(cost $5,313,001) | |
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| Boeing Co. 6.53%, 05/01/2034(1) | |
| Auto Manufacturers - 3.8% |
| Ford Motor Credit Co. LLC | |
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| General Motors Financial Co., Inc. | |
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| Mercedes-Benz Finance North America LLC | |
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| Auto Parts & Equipment - 0.7% |
| Magna International, Inc. | |
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| Bacardi Ltd./Bacardi-Martini BV 5.40%, | |
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| 5.87%, 03/28/2035, (5.87% fixed rate until 03/28/2034; 6 mo. USD SOFR + 1.91% | |
| 6.61%, 09/13/2029, (6.61% fixed rate until 09/13/2028; 6 mo. USD SOFR + 2.33% | |
Shares or Principal Amount | | |
CORPORATE BONDS - 42.2% - (continued) |
| Commercial Banks - 14.3% - (continued) |
| | |
| 2.69%, 04/22/2032, (2.69% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.32% | |
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| 3.85%, 03/08/2037, (3.85% fixed rate until 03/08/2032; 5 yr. USD CMT + 2.00% | |
| 5.08%, 01/20/2027, (5.08% fixed rate until 01/20/2026; 6 mo. USD SOFR + 1.29% | |
| Barclays PLC 6.50%, 09/13/2027, (6.50% fixed rate until 09/13/2026; 6 mo. USD SOFR + | |
| Citibank NA 5.80%, 09/29/2028 | |
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| 5.41%, 09/19/2039, (5.41% fixed rate until 09/19/2034; 5 yr. USD CMT + 1.73% | |
| Danske Bank AS 5.71%, 03/01/2030, (5.71% fixed rate until 03/01/2029; 1 yr. USD CMT + 1.40% | |
| Deutsche Bank AG 5.41%, 05/10/2029 | |
| Intesa Sanpaolo SpA 7.20%, 11/28/2033(1) | |
| JP Morgan Chase & Co. 5.58%, 04/22/2030, (5.58% fixed rate until 04/22/2029; 6 mo. USD SOFR + 1.16% thereafter)(4) | |
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| 1.63%, 05/11/2027, (1.63% fixed rate until 05/11/2026; 1 yr. USD CMT + 0.85% | |
| 2.44%, 02/05/2026, (2.44% fixed rate until 02/05/2025; 1 yr. USD CMT + 1.00% | |
| Macquarie Group Ltd. 1.63%, 09/23/2027, (1.63% fixed rate until 09/23/2026; 6 mo. USD SOFR + | |
| | |
| 2.63%, 02/18/2026, (2.63% fixed rate until 02/18/2025; 6 mo. USD SOFR + 0.94% | |
| 5.12%, 02/01/2029, (5.12% fixed rate until 02/01/2028; 6 mo. USD SOFR + 1.73% | |
| 5.30%, 04/20/2037, (5.30% fixed rate until 04/20/2032; 6 mo. USD SOFR + 2.62% | |
| National Securities Clearing Corp. 5.00%, | |
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| 3.07%, 05/22/2028, (3.07% fixed rate until 05/22/2027; 1 yr. USD CMT + 2.55% | |
| 7.47%, 11/10/2026, (7.47% fixed rate until 11/10/2025; 1 yr. USD CMT + 2.85% | |
| PNC Financial Services Group, Inc. | |
| 5.94%, 08/18/2034, (5.94% fixed rate until 08/18/2033; 6 mo. USD SOFR + 1.95% | |
| 6.88%, 10/20/2034, (6.88% fixed rate until 10/20/2033; 6 mo. USD SOFR + 2.28% | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
CORPORATE BONDS - 42.2% - (continued) |
| Commercial Banks - 14.3% - (continued) |
| Santander U.K. Group Holdings PLC 1.67%, 06/14/2027, (1.67% fixed rate until 06/14/2026; 6 mo. USD SOFR + 0.99% thereafter)(4) | |
| | |
| 5.38%, 01/23/2030, (5.38% fixed rate until 01/23/2029; 6 mo. USD SOFR + 1.56% | |
| 5.84%, 06/12/2034, (5.84% fixed rate until 06/10/2033; 6 mo. USD SOFR + 2.26% | |
| | |
| 2.39%, 06/02/2028, (2.39% fixed rate until 06/02/2027; 6 mo. USD SOFR + 2.10% | |
| 5.57%, 07/25/2029, (5.57% fixed rate until 07/25/2028; 6 mo. USD SOFR + 1.74% | |
| | | |
| Diversified Financial Services - 1.3% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.30%, 01/30/2032 | |
| Aircastle Ltd./Aircastle Ireland DAC 5.75%, | |
| Avolon Holdings Funding Ltd. 5.75%, 11/15/2029(1) | |
| MMH Master LLC 6.38%, 02/01/2034(1) | |
| | | |
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| Duke Energy Corp. 2.45%, 06/01/2030 | |
| Enel Finance International NV | |
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| Pacific Gas & Electric Co. 6.15%, 01/15/2033 | |
| Public Service Enterprise Group, Inc. 1.60%, 08/15/2030 | |
| Virginia Electric & Power Co. 5.55%, 08/15/2054 | |
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| Warnermedia Holdings, Inc. 5.05%, 03/15/2042 | |
| Environmental Control - 0.3% |
| Republic Services, Inc. 5.00%, 12/15/2033 | |
| Healthcare - Products - 0.3% |
| Stryker Corp. 4.25%, 09/11/2029 | |
| Healthcare - Services - 0.8% |
| Adventist Health System 5.76%, 12/01/2034 | |
| Cigna Group 4.38%, 10/15/2028 | |
| UnitedHealth Group, Inc. 5.15%, 07/15/2034 | |
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| Aflac, Inc. 6.45%, 08/15/2040 | |
| Equitable Financial Life Global Funding 1.40%, | |
| Equitable Holdings, Inc. 4.35%, 04/20/2028 | |
| F&G Annuities & Life, Inc. 6.50%, 06/04/2029 | |
| Guardian Life Global Funding 3.25%, | |
| Metropolitan Life Global Funding I | |
| | |
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| Willis North America, Inc. 4.65%, 06/15/2027 | |
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Shares or Principal Amount | | |
CORPORATE BONDS - 42.2% - (continued) |
| Machinery-Diversified - 0.2% |
| AGCO Corp. 5.80%, 03/21/2034 | |
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| Discovery Communications LLC 3.63%, 05/15/2030 | |
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| Anglo American Capital PLC | |
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| Devon Energy Corp. 5.20%, 09/15/2034 | |
| Diamondback Energy, Inc. 5.40%, 04/18/2034 | |
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| AbbVie, Inc. 4.95%, 03/15/2031 | |
| Becton Dickinson & Co. 3.73%, 12/15/2024 | |
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| Columbia Pipelines Operating Co. LLC 5.93%, | |
| Enbridge, Inc. 5.30%, 04/05/2029 | |
| Energy Transfer LP 5.60%, 09/01/2034 | |
| South Bow USA Infrastructure Holdings LLC | |
| Williams Cos., Inc. 5.80%, 11/15/2054 | |
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| Real Estate Investment Trusts - 4.1% |
| Alexandria Real Estate Equities, Inc. | |
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| American Tower Corp. 2.40%, 03/15/2025 | |
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| Crown Castle, Inc. 2.10%, 04/01/2031 | |
| GLP Capital LP/GLP Financing II, Inc. 5.63%, 09/15/2034 | |
| Highwoods Realty LP 7.65%, 02/01/2034 | |
| Kilroy Realty LP 6.25%, 01/15/2036 | |
| Kimco Realty OP LLC 2.70%, 10/01/2030 | |
| Phillips Edison Grocery Center Operating Partnership I LP 5.75%, 07/15/2034 | |
| Prologis Targeted U.S. Logistics Fund LP | |
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| Genuine Parts Co. 2.75%, 02/01/2032 | |
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| Qorvo, Inc. 1.75%, 12/15/2024 | |
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The accompanying notes are an integral part of these financial statements.
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
CORPORATE BONDS - 42.2% - (continued) |
| Telecommunications - 2.0% |
| AT&T, Inc. 1.65%, 02/01/2028 | |
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| Verizon Communications, Inc. 4.33%, 09/21/2028 | |
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| Total Corporate Bonds
(cost $37,760,022) | |
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| Single Family Housing - 4.2% |
| Florida Housing Finance Corp., FL, Rev, (FHLMC), (FNMA), (GNMA) 6.25%, 01/01/2055 | |
| Illinois Housing Dev Auth, IL, Rev, (FHLMC), (FNMA), (GNMA) | |
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| (FHLMC), (FNMA), (GNMA) 6.25, 10/01/2054, | |
| Indiana Housing & Community Dev Auth, IN, Rev, (FHLMC), (FNMA), (GNMA) | |
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| Iowa Finance Auth, IA, Rev, (FHLMC), (FNMA), (GNMA) 6.25, 07/01/2054, | |
| Nebraska Investment Finance Auth, NE, Rev, (FHLMC), (FNMA), (GNMA) | |
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| Nevada Housing Division, NV, Rev, (FHLMC), (FNMA), (GNMA) 6.25%, 10/01/2054 | |
| Texas Department of Housing & Community Affairs, TX, Rev, (GNMA) 6.00, 01/01/2054, | |
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| New Hampshire Health & Education Facs Auth Act, NH, Rev | |
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| Golden State Tobacco Securitization Corp., CA, Rev 3.00%, 06/01/2046 | |
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| Texas Natural Gas Securitization Finance Corp., TX, Rev | |
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| Total Municipal Bonds
(cost $5,528,323) | | |
U.S. GOVERNMENT AGENCIES - 16.5% |
| Mortgage-Backed Agencies - 16.5% |
| Federal Home Loan Mortgage Corp. - 7.0% |
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Shares or Principal Amount | | |
U.S. GOVERNMENT AGENCIES - 16.5% - (continued) |
| Mortgage-Backed Agencies - 16.5% - (continued) |
| Federal Home Loan Mortgage Corp. - 7.0% - (continued) |
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| Federal National Mortgage Association - 6.2% |
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| Government National Mortgage Association - 3.3% |
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| | |
| | | |
| Total U.S. Government Agencies
(cost $14,941,404) | | |
U.S. GOVERNMENT SECURITIES - 26.1% |
| U.S. Treasury Securities - 26.1% |
| U.S. Treasury Bonds - 15.7% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| U.S. Treasury Notes - 10.4% |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total U.S. Government Securities
(cost $24,441,698) | | |
| Total Long-Term Investments
(cost $87,984,448) | | |
SHORT-TERM INVESTMENTS - 1.4% |
| U.S. Treasury Securities - 1.4% |
| U.S. Treasury Bills - 1.4% |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 1.4% - (continued) |
| U.S. Treasury Securities - 1.4% - (continued) |
| U.S. Treasury Bills - 1.4 - (continued) |
| | |
| Total Short-Term Investments
(cost $1,213,372) | |
| Total Investments
(cost $89,197,820) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to 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.
| 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, 2024, the aggregate value of these securities was $11,432,060, representing 12.7% of net assets. |
| Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2024. Base lending rates may be subject to a floor or cap. |
| 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. |
| Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
| The rate shown represents current yield to maturity. |
Futures Contracts Outstanding at October 31, 2024 |
| | | | Value and
Unrealized
Appreciation/
(Depreciation) |
|
U.S. Treasury 2-Year Note Future | | | | |
U.S. Treasury 5-Year Note Future | | | | |
U.S. Treasury 10-Year Note Future | | | | |
U.S. Treasury Ultra Bond Future | | | | |
| | | | |
Short position contracts: |
U.S. Treasury 10-Year Ultra Future | | | | |
| |
† See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
Asset & Commercial Mortgage-Backed Securities | | | | |
| | | | |
| | | | |
| | | | |
U.S. Government Securities | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| 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 Diversified Emerging Markets Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| B3 SA - Brasil Bolsa Balcao | |
| Cia de Saneamento de Minas Gerais Copasa MG | |
| Cia Energetica de Minas Gerais ADR | |
| | |
| | |
| Inter & Co., Inc. Class A | |
| | |
| NU Holdings Ltd. Class A* | |
| | |
| | |
| | |
| Santos Brasil Participacoes SA | |
| | |
| | |
| | |
| | | |
| |
| Alibaba Group Holding Ltd. | |
| Aluminum Corp. of China Ltd. Class H | |
| | |
| Anker Innovations Technology Co. Ltd. Class A | |
| ANTA Sports Products Ltd. | |
| APT Medical, Inc. Class A | |
| Atour Lifestyle Holdings Ltd. ADR | |
| Bank of China Ltd. Class H | |
| | |
| Beijing New Building Materials PLC Class A | |
| Beijing Roborock Technology Co. Ltd. Class A | |
| | |
| Bosideng International Holdings Ltd. | |
| | |
| China Hongqiao Group Ltd. | |
| China Life Insurance Co. Ltd. Class H | |
| China Merchants Bank Co. Ltd. Class H | |
| China Merchants Port Holdings Co. Ltd. | |
| China Overseas Property Holdings Ltd. | |
| China Pacific Insurance Group Co. Ltd. Class H | |
| China Tower Corp. Ltd. Class H(1) | |
| Chongqing Baiya Sanitary Products Co. Ltd. Class A | |
| Chongqing Rural Commercial Bank Co. Ltd. Class H | |
| | |
| | |
| Eastroc Beverage Group Co. Ltd. Class A | |
| Full Truck Alliance Co. Ltd. ADR | |
| Fuyao Glass Industry Group Co. Ltd. Class H(1) | |
| Giant Biogene Holding Co. Ltd.(1) | |
| Gree Electric Appliances, Inc. of Zhuhai Class A | |
| Guangshen Railway Co. Ltd. Class H | |
| Haitian International Holdings Ltd. | |
| Hangcha Group Co. Ltd. Class A | |
| Henan Pinggao Electric Co. Ltd. Class A | |
| Hexing Electrical Co. Ltd. Class A | |
| Huaneng Lancang River Hydropower, Inc. Class A | |
| Industrial & Commercial Bank of China Ltd. Class H | |
| Innovent Biologics, Inc.*(1) | |
| Jiangsu Expressway Co. Ltd. Class H | |
| Jiayou International Logistics Co. Ltd. Class A | |
| | |
| | |
| Kweichow Moutai Co. Ltd. Class A | |
| | |
| | |
| | |
| Midea Group Co. Ltd. Class A | |
| Morimatsu International Holdings Co. Ltd.(2) | |
| NAURA Technology Group Co. Ltd. Class A | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| China - 26.5% - (continued) |
| New China Life Insurance Co. Ltd. Class H | |
| Ningbo Deye Technology Co. Ltd. Class A | |
| Ningbo Sanxing Medical Electric Co. Ltd. Class A | |
| Nongfu Spring Co. Ltd. Class H(1) | |
| | |
| PICC Property & Casualty Co. Ltd. Class H | |
| Pop Mart International Group Ltd.(1) | |
| Proya Cosmetics Co. Ltd. Class A | |
| Qingdao Sentury Tire Co. Ltd. Class A | |
| Sailun Group Co. Ltd. Class A | |
| Shanghai Chicmax Cosmetic Co. Ltd.(3) | |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | |
| Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A | |
| Sinoma International Engineering Co. Class A | |
| Sinopec Engineering Group Co. Ltd. Class H | |
| | |
| Sunac Services Holdings Ltd.(1) | |
| Suzhou TFC Optical Communication Co. Ltd. Class A | |
| | |
| Tencent Music Entertainment Group ADR | |
| Tongcheng Travel Holdings Ltd.(2) | |
| Topsports International Holdings Ltd.(1) | |
| | |
| Want Want China Holdings Ltd. | |
| Weilong Delicious Global Holdings Ltd. | |
| WUS Printed Circuit Kunshan Co. Ltd. Class A | |
| | |
| Yadea Group Holdings Ltd.(1) | |
| Yealink Network Technology Corp. Ltd. Class A | |
| Yutong Bus Co. Ltd. Class A | |
| Zhejiang Dingli Machinery Co. Ltd. Class A | |
| Zhejiang Weixing Industrial Development Co. Ltd. Class A | |
| Zhongji Innolight Co. Ltd. Class A | |
| Zijin Mining Group Co. Ltd. Class H | |
| | | |
| |
| Eurobank Ergasias Services & Holdings SA Class A | |
| Hellenic Telecommunications Organization SA | |
| | |
| National Bank of Greece SA | |
| | |
| Piraeus Financial Holdings SA | |
| | | |
| |
| | |
| Sino Biopharmaceutical Ltd. | |
| | | |
| |
| Magyar Telekom Telecommunications PLC | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Britannia Industries Ltd. | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Emerging Markets Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| India - 17.1% - (continued) |
| | |
| | |
| Colgate-Palmolive India Ltd. | |
| Computer Age Management Services Ltd. | |
| | |
| Dixon Technologies India Ltd.(2) | |
| | |
| | |
| Endurance Technologies Ltd.(1) | |
| | |
| | |
| | |
| | |
| | |
| | |
| Indian Energy Exchange Ltd.(1) | |
| | |
| | |
| InterGlobe Aviation Ltd.*(1) | |
| JB Chemicals & Pharmaceuticals Ltd. | |
| | |
| | |
| | |
| | |
| | |
| Max Healthcare Institute Ltd. | |
| | |
| Oil & Natural Gas Corp. Ltd. | |
| | |
| | |
| | |
| Power Grid Corp. of India Ltd. | |
| | |
| | |
| Reliance Industries Ltd.* | |
| | |
| | |
| | |
| Sona Blw Precision Forgings Ltd.(1) | |
| Sun Pharmaceutical Industries Ltd. | |
| | |
| | |
| | |
| Tata Consultancy Services Ltd. | |
| Torrent Pharmaceuticals Ltd. | |
| | |
| | |
| | |
| | |
| Voltamp Transformers Ltd. | |
| | |
| | |
| | | |
| |
| Bank Central Asia Tbk. PT | |
| Bank Mandiri Persero Tbk. PT | |
| Bank Negara Indonesia Persero Tbk. PT | |
| Bank Rakyat Indonesia Persero Tbk. PT | |
| Indofood CBP Sukses Makmur Tbk. PT | |
| Mitra Keluarga Karyasehat Tbk. PT(2) | |
| Perusahaan Gas Negara Tbk. PT | |
| Telkom Indonesia Persero Tbk. PT | |
| | | |
| |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| Malaysia - 2.1% - (continued) |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| America Movil SAB de CV Series B | |
| Arca Continental SAB de CV | |
| Coca-Cola Femsa SAB de CV ADR | |
| Grupo Aeroportuario del Centro Norte SAB de CV | |
| Grupo Aeroportuario del Sureste SAB de CV ADR | |
| Grupo Financiero Banorte SAB de CV Class O | |
| Grupo Financiero Inbursa SAB de CV Class O* | |
| Grupo Mexico SAB de CV Class B | |
| Kimberly-Clark de Mexico SAB de CV Class A | |
| Qualitas Controladora SAB de CV | |
| | |
| | |
| | | |
| |
| | |
| International Container Terminal Services, Inc. | |
| Metropolitan Bank & Trust Co. | |
| | | |
| |
| | |
| Bank Polska Kasa Opieki SA | |
| | |
| Powszechna Kasa Oszczednosci Bank Polski SA | |
| | |
| | | |
| |
| | |
| |
| | |
| |
| | |
| | |
| Dr. Sulaiman Al Habib Medical Services Group Co. | |
| | |
| | |
| Mouwasat Medical Services Co. | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| Capitec Bank Holdings Ltd. | |
| | |
| | |
| | |
| | |
| | |
| Truworths International Ltd. | |
| | | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Emerging Markets Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| Hana Financial Group, Inc. | |
| HD Hyundai Electric Co. Ltd. | |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | |
| Hyundai Engineering & Construction Co. Ltd. | |
| | |
| | |
| | |
| | |
| | |
| Korean Air Lines Co. Ltd. | |
| | |
| | |
| Samsung Biologics Co. Ltd.*(1) | |
| Samsung Electronics Co. Ltd. | |
| | |
| Shinhan Financial Group Co. Ltd. | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| Asia Vital Components Co. Ltd. | |
| | |
| | |
| Cathay Financial Holding Co. Ltd. | |
| Chunghwa Telecom Co. Ltd. | |
| | |
| | |
| Fubon Financial Holding Co. Ltd. | |
| Hon Hai Precision Industry Co. Ltd. | |
| Makalot Industrial Co. Ltd. | |
| | |
| Nien Made Enterprise Co. Ltd. | |
| Novatek Microelectronics Corp. | |
| | |
| Realtek Semiconductor Corp. | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | |
| | |
| Voltronic Power Technology Corp. | |
| | | |
| |
| Advanced Info Service PCL NVDR | |
| | |
| Bangkok Dusit Medical Services PCL NVDR | |
| Bumrungrad Hospital PCL NVDR | |
| | |
| | |
| | | |
| United Arab Emirates - 1.7% |
| Abu Dhabi Commercial Bank PJSC | |
| Abu Dhabi Islamic Bank PJSC | |
| | |
| | |
| | |
| Emirates Integrated Telecommunications Co. PJSC | |
Shares or Principal Amount | | |
COMMON STOCKS - 97.7% - (continued) |
| United Arab Emirates - 1.7% - (continued) |
| | |
| First Abu Dhabi Bank PJSC | |
| | |
| | | |
| Total Common Stocks
(cost $50,315,278) | | |
|
| |
| Banco Bradesco SA (Preference Shares)(4) | |
| Itau Unibanco Holding SA (Preference Shares)(4) | |
| Petroleo Brasileiro SA (Preference Shares)(4) | |
| Total Preferred Stocks
(cost $1,358,697) | | |
| Total Long-Term Investments
(cost $51,673,975) | | |
| Total Investments
(cost $51,673,975) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| 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, 2024, the aggregate value of these securities was $4,232,744, representing 6.8% of net assets. |
| 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, 2024, the aggregate value of these securities was $396,735, representing 0.6% of net assets. |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Currently no rate available. |
| 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 Diversified Emerging Markets Fund
Schedule of Investments – (continued)October 31, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
U.S. GOVERNMENT AGENCIES - 6.3% |
| |
| Federal Home Loan Mortgage Corp. - 0.8% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Federal National Mortgage Association - 3.2% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Government National Mortgage Association - 2.3% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total U.S. Government Agencies
(cost $4,880,159) | | |
U.S. GOVERNMENT SECURITIES - 9.6% |
| |
| U.S. Treasury Inflation-Indexed Notes - 9.6% |
| | |
| Total U.S. Government Securities
(cost $7,454,505) | | |
|
| |
| | |
| | |
| Commonwealth Bank of Australia | |
| | |
| National Australia Bank Ltd. | |
| | |
| | |
| | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| Australia - 0.6% - (continued) |
| Woodside Energy Group Ltd. | |
| | |
| | | |
| |
| | |
| Groupe Bruxelles Lambert NV | |
| | | |
| |
| | |
| Petroleo Brasileiro SA ADR | |
| Wheaton Precious Metals Corp. | |
| | |
| | | |
| |
| Alimentation Couche-Tard, Inc. | |
| | |
| | |
| Canadian Imperial Bank of Commerce | |
| Canadian National Railway Co. | |
| Canadian Natural Resources Ltd. | |
| Canadian Pacific Kansas City Ltd. | |
| Canadian Tire Corp. Ltd. Class A | |
| Constellation Software, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Rogers Communications, Inc. Class B | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Alibaba Group Holding Ltd. | |
| | |
| | |
| CGN Power Co. Ltd. Class H(2) | |
| China Construction Bank Corp. Class H | |
| China Life Insurance Co. Ltd. Class H | |
| China Mengniu Dairy Co. Ltd. | |
| China Merchants Bank Co. Ltd. Class H | |
| China Resources Land Ltd. | |
| | |
| | |
| | |
| | |
| | |
| | |
| Ping An Insurance Group Co. of China Ltd. Class H | |
| | |
| | |
| Wuxi Biologics Cayman, Inc.*(2) | |
| | |
| | | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| LVMH Moet Hennessy Louis Vuitton SE | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| | |
| Hong Kong Exchanges & Clearing Ltd. | |
| | |
| | |
| Sun Hung Kai Properties Ltd. | |
| | | |
| |
| | |
| Dr. Reddy's Laboratories Ltd. ADR | |
| | |
| | |
| | |
| Larsen & Toubro Ltd. GDR(3) | |
| Mahindra & Mahindra Ltd. GDR(3) | |
| Reliance Industries Ltd. GDR(2) | |
| | |
| | | |
| |
| Bank Central Asia Tbk. PT | |
| Indofood Sukses Makmur Tbk. PT | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| |
| | |
| |
| | |
| | |
| FinecoBank Banca Fineco SpA | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| Hankyu Hanshin Holdings, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Mitsubishi HC Capital, Inc. | |
| Mitsubishi UFJ Financial Group, Inc. | |
| | |
| Murata Manufacturing Co. Ltd. | |
| | |
| | |
| Nippon Telegraph & Telephone Corp. | |
| Nomura Real Estate Master Fund, Inc. REIT | |
| | |
| | |
| Recruit Holdings Co. Ltd. | |
| Seven & i Holdings Co. Ltd. | |
| | |
| Shin-Etsu Chemical Co. Ltd. | |
| | |
| | |
| Sumitomo Mitsui Financial Group, Inc. | |
| Takeda Pharmaceutical Co. Ltd. | |
| Tokio Marine Holdings, Inc. | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| |
| America Movil SAB de CV Series B | |
| Grupo Mexico SAB de CV Class B | |
| Wal-Mart de Mexico SAB de CV | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| KB Financial Group, Inc. ADR | |
| | |
| Samsung Electronics Co. Ltd. GDR(3) | |
| Shinhan Financial Group Co. Ltd. ADR | |
| | | |
| |
| Banco Bilbao Vizcaya Argentaria SA | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| Cie Financiere Richemont SA Class A | |
| | |
| | |
| | |
| | |
| Partners Group Holding AG | |
| | |
| | |
| | |
| Zurich Insurance Group AG | |
| | | |
| |
| Chunghwa Telecom Co. Ltd. ADR | |
| Hon Hai Precision Industry Co. Ltd. GDR(3) | |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | |
| United Microelectronics Corp. ADR | |
| | | |
| |
| Airports of Thailand PCL NVDR | |
| |
| | |
| | |
| | |
| CK Hutchison Holdings Ltd. | |
| | |
| | |
| | |
| | |
| London Stock Exchange Group PLC | |
| | |
| Reckitt Benckiser Group PLC | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| United Kingdom - 0.8% - (continued) |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| Advanced Micro Devices, Inc.* | |
| | |
| Agilent Technologies, Inc. | |
| Air Products & Chemicals, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| American Electric Power Co., Inc. | |
| | |
| American International Group, Inc. | |
| American Tower Corp. REIT | |
| American Water Works Co., Inc. | |
| Ameriprise Financial, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Archer-Daniels-Midland Co. | |
| | |
| | |
| | |
| | |
| | |
| Automatic Data Processing, Inc. | |
| | |
| | |
| | |
| | |
| Berkshire Hathaway, Inc. Class B* | |
| | |
| Bio-Rad Laboratories, Inc. Class A* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Cadence Design Systems, Inc.* | |
| Capital One Financial Corp. | |
| | |
| | |
| CBRE Group, Inc. Class A* | |
| | |
| | |
| | |
| Charter Communications, Inc. Class A* | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| United States - 34.6% - (continued) |
| Chipotle Mexican Grill, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Cognizant Technology Solutions Corp. Class A | |
| | |
| | |
| | |
| Consolidated Edison, Inc. | |
| Constellation Energy Corp. | |
| | |
| | |
| | |
| | |
| | |
| Crowdstrike Holdings, Inc. Class A* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Discover Financial Services | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Edwards Lifesciences Corp.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| Essex Property Trust, Inc. REIT | |
| Estee Lauder Cos., Inc. Class A | |
| | |
| | |
| | |
| Extra Space Storage, Inc. REIT | |
| | |
| | |
| | |
| Fidelity National Information Services, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| GE HealthCare Technologies, Inc. | |
| | |
| | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| United States - 34.6% - (continued) |
| | |
| | |
| | |
| Goldman Sachs Group, Inc. | |
| | |
| | |
| | |
| | |
| Hilton Worldwide Holdings, Inc. | |
| | |
| Honeywell International, Inc. | |
| | |
| | |
| | |
| IDEXX Laboratories, Inc.* | |
| Illinois Tool Works, Inc. | |
| | |
| | |
| Intercontinental Exchange, Inc. | |
| International Business Machines Corp. | |
| International Flavors & Fragrances, Inc. | |
| Interpublic Group of Cos., Inc. | |
| | |
| Intuitive Surgical, Inc.* | |
| Invitation Homes, Inc. REIT | |
| | |
| | |
| Johnson Controls International PLC | |
| | |
| Keysight Technologies, Inc.* | |
| | |
| | |
| | |
| | |
| L3Harris Technologies, Inc. | |
| | |
| | |
| | |
| Liberty Media Corp.-Liberty Formula One Class C* | |
| | |
| Live Nation Entertainment, Inc.* | |
| | |
| Lululemon Athletica, Inc.* | |
| LyondellBasell Industries NV Class A | |
| | |
| Marriott International, Inc. Class A | |
| Marsh & McLennan Cos., Inc. | |
| Martin Marietta Materials, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| Meta Platforms, Inc. Class A | |
| | |
| Microchip Technology, Inc. | |
| | |
| | |
| | |
| Mondelez International, Inc. Class A | |
| | |
| | |
| | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| United States - 34.6% - (continued) |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Occidental Petroleum Corp. | |
| | |
| | |
| O'Reilly Automotive, Inc.* | |
| | |
| | |
| | |
| Palantir Technologies, Inc. Class A* | |
| Palo Alto Networks, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| PNC Financial Services Group, Inc. | |
| | |
| | |
| | |
| | |
| Prudential Financial, Inc. | |
| Public Service Enterprise Group, Inc. | |
| | |
| | |
| Regeneron Pharmaceuticals, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| SBA Communications Corp. REIT | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Simon Property Group, Inc. REIT | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| T. Rowe Price Group, Inc. | |
| | |
| | |
| Teledyne Technologies, Inc.* | |
| | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 46.0% - (continued) |
| United States - 34.6% - (continued) |
| Thermo Fisher Scientific, Inc. | |
| | |
| | |
| | |
| Trade Desk, Inc. Class A* | |
| | |
| | |
| | |
| | |
| | |
| | |
| United Parcel Service, Inc. Class B | |
| | |
| | |
| Veeva Systems, Inc. Class A* | |
| | |
| | |
| Verizon Communications, Inc. | |
| Vertex Pharmaceuticals, Inc.* | |
| | |
| | |
| | |
| | |
| Warner Bros Discovery, Inc.* | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Zebra Technologies Corp. Class A* | |
| | |
| | | |
| Total Common Stocks
(cost $28,609,122) | | |
EXCHANGE-TRADED FUNDS - 24.7% |
| Other Investment Pools & Funds - 24.7% |
| iShares iBoxx $ High Yield Corporate Bond ETF(4) | |
| iShares iBoxx $ Investment Grade Corporate Bond | |
| iShares J.P. Morgan EM Local Currency Bond ETF | |
| SPDR Bloomberg High Yield Bond ETF | |
| SPDR Gold MiniShares Trust* | |
| SPDR S&P Homebuilders ETF(4) | |
| | |
| Total Exchange-Traded Funds
(cost $17,883,468) | | |
|
| |
| Itausa SA (Preference Shares)(5) | |
| Total Preferred Stocks
(cost $56,368) | | |
| Total Long-Term Investments
(cost $58,883,622) | | |
SHORT-TERM INVESTMENTS - 24.7% |
| Securities Lending Collateral - 13.5% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 24.7% - (continued) |
| Securities Lending Collateral - 13.5% - (continued) |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(6) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(6) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| | | |
| U.S. Treasury Securities - 11.2% |
| U.S. Treasury Bills - 11.2% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Short-Term Investments
(cost $19,130,589) | |
| Total Investments
(cost $78,014,211) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
The Consolidated Schedule of Investments includes investments held by Hartford Schroders Cayman Diversified Growth Fund, Ltd. (the “Subsidiary”), a wholly owned subsidiary of the Fund, which primarily invests in commodity-related instruments. The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2024, the Fund invested 4.7% of its total assets in the Subsidiary.
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.
| |
| The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount. |
| 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, 2024, the aggregate value of these securities was $149,100, representing 0.2% of net assets. |
| 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, 2024, the aggregate value of these securities was $453,962, representing 0.6% of net assets. |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Currently no rate available. |
| Current yield as of period end. |
| The rate shown represents current yield to maturity. |
Futures Contracts Outstanding at October 31, 2024 |
| | | | Value and
Unrealized
Appreciation/
(Depreciation) |
|
E-Mini Dow Jones Industrial Average Index Future | | | | |
E-Mini Financial Select Sector Future | | | | |
Euro-BTP Italian Bond Future | | | | |
French Government Bond Future | | | | |
FTSE China A50 Index Future | | | | |
| | | | |
U.S. Treasury 2-Year Note Future | | | | |
U.S. Treasury 10-Year Ultra Future | | | | |
| | | | |
Short position contracts: |
| | | | |
| | | | |
| | | | |
| | | | |
| |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2024 |
| | | | | | | | Unrealized
Appreciation/
(Depreciation) |
Credit default swaps on indices: | |
| |
| | | | | | | | | |
Total centrally cleared credit default swap contracts | | | | |
| The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
Foreign Currency Contracts Outstanding at October 31, 2024 |
Amount and Description of
Currency to be Purchased | Amount and Description of
Currency to be Sold | | | Appreciation/
(Depreciation) |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Total foreign currency contracts | |
Foreign Cross Currency Contracts Outstanding at October 31, 2024 |
| | | | Unrealized
Appreciation/
Depreciation |
| | | | | | |
† 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 Diversified Growth Fund (Consolidated)
Schedule of Investments – (continued)October 31, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
U.S. Government Securities | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
Swaps - Credit Default(2) | | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| 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 Emerging Markets Equity Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| Centrais Eletricas Brasileiras SA | |
| | |
| | |
| Itau Unibanco Holding SA ADR | |
| | |
| | |
| NU Holdings Ltd. Class A* | |
| Petroleo Brasileiro SA ADR | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| |
| Alibaba Group Holding Ltd. | |
| Alibaba Group Holding Ltd. ADR | |
| China Pacific Insurance Group Co. Ltd. Class H | |
| China Petroleum & Chemical Corp. Class H | |
| Contemporary Amperex Technology Co. Ltd. Class A | |
| Fuyao Glass Industry Group Co. Ltd. Class A | |
| Innovent Biologics, Inc.*(1) | |
| | |
| Kweichow Moutai Co. Ltd. Class A | |
| | |
| | |
| Midea Group Co. Ltd. Class A | |
| NARI Technology Co. Ltd. Class A | |
| | |
| PICC Property & Casualty Co. Ltd. Class H | |
| Sany Heavy Industry Co. Ltd. Class A | |
| Satellite Chemical Co. Ltd. Class A | |
| Shenzhen Inovance Technology Co. Ltd. Class A | |
| Shenzhou International Group Holdings Ltd. | |
| Sieyuan Electric Co. Ltd. Class A | |
| | |
| Tencent Music Entertainment Group ADR | |
| | |
| Tsingtao Brewery Co. Ltd. Class H | |
| Zhejiang Weixing New Building Materials Co. Ltd. Class A | |
| | | |
| |
| Eurobank Ergasias Services & Holdings SA Class A | |
| Piraeus Financial Holdings SA | |
| | | |
| |
| | |
| |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 96.8% - (continued) |
| India - 15.9% - (continued) |
| | |
| | |
| | |
| Power Grid Corp. of India Ltd. | |
| | |
| Reliance Industries Ltd.* | |
| Sun Pharmaceutical Industries Ltd. | |
| Tata Consultancy Services Ltd. | |
| Tata Consumer Products Ltd. | |
| | |
| | | |
| |
| Bank Central Asia Tbk. PT | |
| Bank Mandiri Persero Tbk. PT | |
| Telkom Indonesia Persero Tbk. PT | |
| | | |
| |
| | |
| |
| | |
| Fomento Economico Mexicano SAB de CV ADR | |
| Grupo Aeroportuario del Pacifico SAB de CV Class B | |
| Grupo Financiero Banorte SAB de CV Class O | |
| Wal-Mart de Mexico SAB de CV | |
| | | |
| |
| | |
| |
| Bank Polska Kasa Opieki SA | |
| | |
| Powszechna Kasa Oszczednosci Bank Polski SA | |
| Powszechny Zaklad Ubezpieczen SA | |
| | | |
| |
| | |
| |
| | |
| |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| Anglo American Platinum Ltd. | |
| Aspen Pharmacare Holdings Ltd. | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Hanwha Aerospace Co. Ltd. | |
| | |
| | |
| | |
| Samsung Biologics Co. Ltd.*(1) | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Emerging Markets Equity Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 96.8% - (continued) |
| South Korea - 9.6% - (continued) |
| Samsung Electro-Mechanics Co. Ltd. | |
| Samsung Electronics Co. Ltd. | |
| Samsung Fire & Marine Insurance Co. Ltd. | |
| | |
| | |
| | | |
| |
| | |
| ASE Technology Holding Co. Ltd. | |
| Cathay Financial Holding Co. Ltd. | |
| CTBC Financial Holding Co. Ltd. | |
| | |
| | |
| Hon Hai Precision Industry Co. Ltd. | |
| | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | |
| Uni-President Enterprises Corp. | |
| | | |
| |
| | |
| United Arab Emirates - 1.0% |
| | |
| First Abu Dhabi Bank PJSC | |
| | | |
| |
| | |
| Total Common Stocks
(cost $4,530,783,271) | | |
|
| |
| Banco Bradesco SA (Preference Shares)(3) | |
| Total Preferred Stocks
(cost $35,000,127) | | |
| Total Long-Term Investments
(cost $4,565,783,398) | | |
| Total Investments
(cost $4,565,783,398) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| 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, 2024, the aggregate value of these securities was $274,563,685, representing 4.2% of net assets. |
| Investment valued using significant unobservable inputs. |
| Currently no rate available. |
| 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, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| Alibaba Group Holding Ltd. 0.50%, | |
| Total Convertible Bonds
(cost $78,575) | |
|
| |
| YPF Energia Electrica SA 7.88%, | |
| YPF SA 9.50%, 01/17/2031(1) | |
| | | |
| |
| 3R Lux SARL 9.75%, 02/05/2031(1) | |
| Aegea Finance SARL 9.00%, 01/20/2031(1) | |
| Braskem Netherlands Finance BV 8.50%, 01/23/2081, (8.50% fixed rate until 10/24/2025; 5 yr. USD CMT + 8.22% | |
| Guara Norte SARL 5.20%, 06/15/2034(1) | |
| MC Brazil Downstream Trading SARL | |
| Minerva Luxembourg SA 8.88%, | |
| Prumo Participacoes e Investimentos SA | |
| Raizen Fuels Finance SA 6.45%, | |
| Samarco Mineracao SA 9.00%, | |
| Trident Energy Finance PLC 12.50%, | |
| Yinson Boronia Production BV 8.95%, | |
| | | |
| |
| Banco de Credito e Inversiones SA 7.50%, 12/12/2034, (7.50% fixed rate until 12/12/2034; 5 yr. USD CMT + 3.77% | |
| Banco del Estado de Chile 7.95%, 05/02/2029, (7.95% fixed rate until 05/02/2029; 5 yr. USD CMT + 3.23% | |
| Latam Airlines Group SA 7.88%, | |
| | | |
| |
| Tencent Holdings Ltd. 4.53%, | |
| |
| Banco Davivienda SA 6.65%, 04/22/2031, (6.65% fixed rate until 04/22/2031; 10 yr. USD CMT + 5.10% thereafter)(2)(3)(5) | |
| | |
| | |
| | |
| | |
| Empresas Publicas de Medellin ESP | |
| | | |
Shares or Principal Amount | | |
CORPORATE BONDS - 40.8% - (continued) |
| |
| Kosmos Energy Ltd. 7.75%, 05/01/2027(1) | |
| |
| Bank of East Asia Ltd. 6.75%, 03/15/2027, (6.75% fixed rate until 03/15/2026; 1 yr. USD CMT + 2.10% thereafter)(2)(3) | |
| |
| OTP Bank Nyrt 7.50%, 05/25/2027, (7.50% fixed rate until 05/25/2026; 1 yr. USD CMT + 3.71% thereafter)(2)(3) | |
| |
| Energean Israel Finance Ltd. 8.50%, | |
| Energean PLC 6.50%, 04/30/2027(3) | |
| | | |
| |
| Kingston Airport Revenue Finance Ltd. | |
| |
| KazMunayGas National Co. JSC 6.38%, | |
| |
| MEGlobal Canada ULC 5.88%, | |
| |
| Sands China Ltd. 5.40%, 08/08/2028(7) | |
| |
| Banco Mercantil del Norte SA 7.63%, 01/10/2028, (7.63% fixed rate until 01/10/2028; 10 yr. USD CMT + 5.35% | |
| BBVA Bancomer SA 8.45%, 06/29/2038, (8.45% fixed rate until 06/29/2033; 5 yr. USD CMT + 4.66% thereafter)(1)(2) | |
| Cemex SAB de CV 9.13%, 03/14/2028, (9.13% fixed rate until 03/14/2028; 5 yr. USD CMT + 5.16% thereafter)(1)(2)(5) | |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple 7.25%, | |
| | |
| | |
| | |
| Tierra Mojada Luxembourg II SARL 5.75%, | |
| Trust Fibra Uno 6.39%, 01/15/2050(1) | |
| | | |
| |
| VEON Holdings BV 3.38%, 11/25/2027(1) | |
| |
| Vnesheconombank Via VEB Finance PLC 6.80%, 11/22/2025(1)(8)(9) | |
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, 2024
Shares or Principal Amount | | |
CORPORATE BONDS - 40.8% - (continued) |
| |
| Gaci First Investment Co. 5.25%, | |
| Greensaif Pipelines Bidco SARL 6.10%, | |
| | | |
| |
| Anglo American Capital PLC 5.50%, | |
| |
| Mirae Asset Securities Co. Ltd. 6.00%, | |
| Shinhan Bank Co. Ltd. 5.75%, | |
| SK Hynix, Inc. 6.38%, 01/17/2028(1)(6) | |
| | | |
| |
| Bangkok Bank PCL 3.73%, 09/25/2034, (3.73% fixed rate until 09/25/2029; 5 yr. USD CMT + 1.90% thereafter)(1)(2) | |
| |
| Limak Cimento Sanayi ve Ticaret AS | |
| Turkiye Garanti Bankasi AS 8.38%, 02/28/2034, (8.38% fixed rate until 02/28/2029; 5 yr. USD CMT + 4.09% | |
| | | |
| |
| CK Hutchison International 23 Ltd. 4.88%, | |
| |
| First Quantum Minerals Ltd. 8.63%, | |
| Total Corporate Bonds
(cost $10,134,765) | |
FOREIGN GOVERNMENT OBLIGATIONS - 50.5% |
| |
| Argentina Republic Government International Bonds 4.13%, | |
| |
| Bahamas Government International Bonds | |
| |
| Brazil Notas do Tesouro Nacional | |
| | |
| | |
| | |
| | | |
| |
| Republic of Cameroon International Bonds | |
| |
| Chile Government International Bonds 4.95%, 01/05/2036 | |
Shares or Principal Amount | | |
FOREIGN GOVERNMENT OBLIGATIONS - 50.5% - (continued) |
| |
| Colombia Government International Bonds | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Czech Republic Government Bonds | |
| | |
| | |
| | |
| | |
| | | |
| Dominican Republic - 0.6% |
| Dominican Republic International Bonds | |
| |
| Ecuador Government International Bonds | |
| |
| Egypt Government International Bonds | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| El Salvador Government International Bonds | |
| | |
| | |
| | |
| | |
| | | |
| |
| Guatemala Government Bonds 7.05%, | |
| |
| | |
| | |
| | |
| | |
| | |
| Hungary Government International Bonds | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
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, 2024
Shares or Principal Amount | | |
FOREIGN GOVERNMENT OBLIGATIONS - 50.5% - (continued) |
| Indonesia - 3.6% - (continued) |
| | |
| | |
| | |
| | |
| | | |
| |
| Ivory Coast Government International Bonds | |
| | |
| | |
| | | |
| |
| Jordan Government International Bonds | |
| |
| Malaysia Government Bonds | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Nigeria Government International Bonds | |
| |
| Oman Government International Bonds | |
| |
| Pakistan Government International Bonds | |
| |
| Panama Government International Bonds 6.70%, 01/26/2036 | |
| |
| Paraguay Government International Bonds | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
Shares or Principal Amount | | |
FOREIGN GOVERNMENT OBLIGATIONS - 50.5% - (continued) |
| Peru - 1.2% - (continued) |
| Peru Government International Bonds | |
| | |
| | |
| | | |
| |
| Philippines Government International Bonds 4.75%, 03/05/2035 | |
| |
| Republic of Poland Government Bonds | |
| | |
| | |
| | |
| | |
| Republic of Poland Government International Bonds | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| Romania Government International Bonds | |
| | | |
| |
| Saudi Government International Bonds | |
| |
| Senegal Government International Bonds | |
| |
| Republic of South Africa Government Bonds | |
| | |
| | |
| | |
| | |
| | |
| | |
| Republic of South Africa Government International Bonds | |
| | |
| | |
| | | |
| |
| Sri Lanka Government International Bonds | |
| | |
| | |
| | |
| | |
| | | |
| |
| Suriname Government International Bonds | |
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, 2024
Shares or Principal Amount | | |
FOREIGN GOVERNMENT OBLIGATIONS - 50.5% - (continued) |
| |
| Thailand Government Bonds | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Turkiye Government Bonds 12.60%, 10/01/2025 | |
| Turkiye Government International Bonds 9.38%, 03/14/2029 | |
| | | |
| |
| Ukraine Government International Bonds | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Foreign Government Obligations
(cost $12,426,648) | | |
| Total Long-Term Investments
(cost $22,639,988) | | |
SHORT-TERM INVESTMENTS - 7.3% |
| Securities Lending Collateral - 2.1% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(11) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(11) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 4.78%(11) | |
| | | |
| U.S. Treasury Securities - 5.2% |
| U.S. Treasury Bills - 5.2% |
| | |
| | |
| | | |
| Total Short-Term Investments
(cost $1,811,065) | |
| Total Investments
(cost $24,451,053) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to 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.
| 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, 2024, the aggregate value of these securities was $10,196,868, representing 41.2% of net assets. |
| Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| 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, 2024, the aggregate value of these securities was $2,834,075, representing 11.4% of net assets. |
| Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed. |
| Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
| Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. |
| Investment valued using significant unobservable inputs. |
| The rate shown represents current yield to maturity. |
| Current yield as of period end. |
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, 2024
Foreign Currency Contracts Outstanding at October 31, 2024 |
Amount and Description of
Currency to be Purchased | Amount and Description of
Currency to be Sold | | | Appreciation/
(Depreciation) |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Total foreign currency contracts | |
† See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Government Obligations | | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Contrarian Value Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| |
| | |
| |
| | |
| |
| Alibaba Group Holding Ltd. | |
| Anhui Conch Cement Co. Ltd. Class H | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| Nippon Television Holdings, Inc. | |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| Koninklijke Ahold Delhaize NV | |
| | |
| | | |
| |
| | |
| |
| | |
| Shinhan Financial Group Co. Ltd. | |
| | | |
| |
| | |
| |
| | |
| |
| Hon Hai Precision Industry Co. Ltd. | |
Shares or Principal Amount | | |
COMMON STOCKS - 92.5% - (continued) |
| |
| | |
| British American Tobacco PLC | |
| British Land Co. PLC REIT | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $34,188,143) | | |
|
| |
| Petroleo Brasileiro SA (Preference Shares)(2) | |
| |
| Henkel AG & Co. KGaA (Preference Shares)(2) | |
| Volkswagen AG (Preference Shares)(2) | |
| | | |
| Total Preferred Stocks
(cost $1,642,687) | | |
| Total Long-Term Investments
(cost $35,830,830) | | |
| Total Investments
(cost $35,830,830) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Contrarian Value Fund
Schedule of Investments – (continued)October 31, 2024
| 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, 2024, the aggregate value of this security was $669,307, representing 1.7% of net assets. |
| Currently no rate available. |
Foreign Currency Contracts Outstanding at October 31, 2024 |
Amount and Description of
Currency to be Purchased | Amount and Description of
Currency to be Sold | | | Appreciation/
(Depreciation) |
| | | | | | |
† See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| Cia de Saneamento de Minas Gerais Copasa MG | |
| Cia Energetica de Minas Gerais ADR | |
| | |
| Santos Brasil Participacoes SA | |
| | | |
| |
| | |
| |
| | |
| | |
| Canadian National Railway Co. | |
| Canadian Natural Resources Ltd. | |
| CCL Industries, Inc. Class B | |
| | |
| | |
| Dundee Precious Metals, Inc. | |
| Fairfax Financial Holdings Ltd. | |
| Finning International, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Restaurant Brands International, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| Agricultural Bank of China Ltd. Class H | |
| Alibaba Group Holding Ltd. | |
| Atour Lifestyle Holdings Ltd. ADR | |
| Bank of China Ltd. Class H | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| China - 7.7% - (continued) |
| Bosideng International Holdings Ltd. | |
| | |
| China Construction Bank Corp. Class H | |
| China Hongqiao Group Ltd. | |
| China Merchants Bank Co. Ltd. Class H | |
| China Merchants Port Holdings Co. Ltd. | |
| China Pacific Insurance Group Co. Ltd. Class H | |
| China Tower Corp. Ltd. Class H(2) | |
| Chongqing Rural Commercial Bank Co. Ltd. Class H | |
| Full Truck Alliance Co. Ltd. ADR | |
| Fuyao Glass Industry Group Co. Ltd. Class H(2) | |
| Giant Biogene Holding Co. Ltd.(2) | |
| Gree Electric Appliances, Inc. of Zhuhai Class A | |
| Haitian International Holdings Ltd. | |
| Hexing Electrical Co. Ltd. Class A | |
| Industrial & Commercial Bank of China Ltd. Class H | |
| | |
| Kweichow Moutai Co. Ltd. Class A | |
| LexinFintech Holdings Ltd. ADR | |
| | |
| | |
| New China Life Insurance Co. Ltd. Class H | |
| | |
| PetroChina Co. Ltd. Class H | |
| PICC Property & Casualty Co. Ltd. Class H | |
| Ping An Insurance Group Co. of China Ltd. Class H | |
| Sailun Group Co. Ltd. Class A | |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | |
| | |
| | |
| Yangzijiang Shipbuilding Holdings Ltd. | |
| Yutong Bus Co. Ltd. Class A | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| Cie Generale des Etablissements Michelin SCA | |
| | |
| | |
| | |
| Gaztransport Et Technigaz SA | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Multi-Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| France - 7.0% - (continued) |
| La Francaise des Jeux SAEM(2) | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Unibail-Rodamco-Westfield REIT* | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | |
| | |
| | |
| | | |
| |
| Alpha Services & Holdings SA | |
| Eurobank Ergasias Services & Holdings SA Class A | |
| Hellenic Telecommunications Organization SA | |
| | |
| National Bank of Greece SA | |
| | |
| Piraeus Financial Holdings SA | |
| | | |
| |
| Swire Pacific Ltd. Class A | |
| | |
| Wharf Real Estate Investment Co. Ltd. | |
| Youyuan International Holdings Ltd.*(1)(3) | |
| | | |
| |
| Magyar Telekom Telecommunications PLC | |
| | |
| | |
| | | |
| |
| | |
| Great Eastern Shipping Co. Ltd. | |
| | |
| | |
| | |
| | |
| Oil & Natural Gas Corp. Ltd. | |
| Power Grid Corp. of India Ltd. | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| India - 1.5% - (continued) |
| | |
| | |
| | | |
| |
| Bank Mandiri Persero Tbk. PT | |
| Bank Negara Indonesia Persero Tbk. PT | |
| Bank Rakyat Indonesia Persero Tbk. PT | |
| Indofood CBP Sukses Makmur Tbk. PT | |
| Perusahaan Gas Negara Tbk. PT | |
| | | |
| |
| | |
| Bank of Ireland Group PLC | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| FinecoBank Banca Fineco SpA | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Recordati Industria Chimica e Farmaceutica SpA | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| Chubu Electric Power Co., Inc. | |
| | |
| | |
| Dai-ichi Life Holdings, Inc. | |
| | |
| | |
| | |
| | |
| | |
| Fuji Media Holdings, Inc. | |
| | |
| | |
| | |
| | |
| Iida Group Holdings Co. Ltd. | |
| | |
| | |
| | |
| Japan Petroleum Exploration Co. Ltd. | |
| | |
| | |
| | |
| | |
| Kansai Electric Power Co., Inc. | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Multi-Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| Japan - 16.5% - (continued) |
| | |
| | |
| | |
| Kyushu Electric Power Co., Inc. | |
| | |
| | |
| MEITEC Group Holdings, Inc. | |
| | |
| Mitsubishi Gas Chemical Co., Inc. | |
| Mitsubishi UFJ Financial Group, Inc. | |
| | |
| Mitsui Mining & Smelting Co. Ltd. | |
| Mizuho Financial Group, Inc. | |
| MS&AD Insurance Group Holdings, Inc. | |
| | |
| | |
| | |
| | |
| Nippon Television Holdings, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Pacific Industrial Co. Ltd. | |
| | |
| | |
| | |
| | |
| Santen Pharmaceutical Co. Ltd. | |
| | |
| | |
| Sega Sammy Holdings, Inc. | |
| Shikoku Electric Power Co., Inc. | |
| Shin-Etsu Chemical Co. Ltd. | |
| | |
| Stanley Electric Co. Ltd. | |
| | |
| | |
| Sumitomo Electric Industries Ltd. | |
| Sumitomo Metal Mining Co. Ltd. | |
| Sumitomo Mitsui Financial Group, Inc. | |
| Sumitomo Rubber Industries Ltd. | |
| Suntory Beverage & Food Ltd. | |
| | |
| | |
| Tohoku Electric Power Co., Inc. | |
| Tokio Marine Holdings, Inc. | |
| Tokyo Steel Manufacturing Co. Ltd. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| |
| Hikma Pharmaceuticals PLC | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| YTL Power International Bhd. | |
| | | |
| |
| America Movil SAB de CV Series B(1) | |
| Arca Continental SAB de CV | |
| Coca-Cola Femsa SAB de CV ADR | |
| Grupo Aeroportuario del Sureste SAB de CV ADR | |
| Grupo Financiero Banorte SAB de CV Class O | |
| Grupo Financiero Inbursa SAB de CV Class O* | |
| Grupo Mexico SAB de CV Class B | |
| Kimberly-Clark de Mexico SAB de CV Class A | |
| | | |
| |
| | |
| | |
| | |
| Koninklijke Ahold Delhaize NV | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| International Container Terminal Services, Inc. | |
| | |
| Metropolitan Bank & Trust Co. | |
| | | |
| |
| | |
| | |
| | | |
| |
| Banco Comercial Portugues SA Class R | |
| | |
| | | |
| |
| | |
| |
| | |
| | |
| Oversea-Chinese Banking Corp. Ltd. | |
| | |
| Singapore Telecommunications Ltd. | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Multi-Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| Singapore - 1.4% - (continued) |
| United Overseas Bank Ltd. | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| Truworths International Ltd. | |
| | | |
| |
| | |
| | |
| | |
| Hana Financial Group, Inc. | |
| | |
| HD Hyundai Electric Co. Ltd. | |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | |
| Hyundai Engineering & Construction Co. Ltd. | |
| | |
| | |
| | |
| | |
| KEPCO Plant Service & Engineering Co. Ltd. | |
| | |
| Korean Air Lines Co. Ltd. | |
| | |
| | |
| | |
| | |
| | |
| Samsung Electronics Co. Ltd. | |
| Samsung Fire & Marine Insurance Co. Ltd. | |
| | |
| | |
| Shinhan Financial Group Co. Ltd. | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| ACS Actividades de Construccion y Servicios SA | |
| | |
| | |
| Atresmedia Corp. de Medios de Comunicacion SA | |
| Banco Bilbao Vizcaya Argentaria SA | |
| | |
| | |
| | |
| | |
| Grupo Catalana Occidente SA | |
| | |
| | |
| Laboratorios Farmaceuticos Rovi SA | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| Sweden - 2.5% - (continued) |
| | |
| | |
| Skandinaviska Enskilda Banken AB Class A | |
| | |
| | |
| | |
| Swedish Orphan Biovitrum AB* | |
| | |
| Telefonaktiebolaget LM Ericsson Class B | |
| | |
| | |
| | | |
| |
| | |
| | |
| Swissquote Group Holding SA | |
| | |
| | | |
| |
| | |
| | |
| Catcher Technology Co. Ltd. | |
| Cathay Financial Holding Co. Ltd. | |
| | |
| | |
| Depo Auto Parts Ind Co. Ltd. | |
| | |
| Evergreen Marine Corp. Taiwan Ltd. | |
| Genius Electronic Optical Co. Ltd. | |
| Gold Circuit Electronics Ltd. | |
| Hon Hai Precision Industry Co. Ltd. | |
| King Slide Works Co. Ltd. | |
| | |
| Makalot Industrial Co. Ltd. | |
| | |
| | |
| | |
| Realtek Semiconductor Corp. | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | |
| | |
| United Microelectronics Corp. | |
| | |
| Yang Ming Marine Transport Corp. | |
| | | |
| |
| Advanced Info Service PCL NVDR | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Direct Line Insurance Group PLC | |
| | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Multi-Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 99.1% - (continued) |
| United Kingdom - 9.8% - (continued) |
| | |
| | |
| | |
| | |
| InterContinental Hotels Group PLC | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| United Utilities Group PLC | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $1,836,675,438) | | |
|
| |
| Banco Bradesco SA (Preference Shares)(5) | |
| Cia De Sanena Do Parana (Preference Shares)(5) | |
| Marcopolo SA (Preference Shares)(5) | |
| Petroleo Brasileiro SA (Preference Shares)(5) | |
| | | |
| |
| FUCHS SE (Preference Shares)(5) | |
| Henkel AG & Co. KGaA (Preference Shares)(5) | |
| | | |
| Total Preferred Stocks
(cost $21,600,870) | | |
| Total Long-Term Investments
(cost $1,858,276,308) | | |
SHORT-TERM INVESTMENTS - 0.5% |
| Securities Lending Collateral - 0.5% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.5% - (continued) |
| Securities Lending Collateral - 0.5% - (continued) |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(6) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(6) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| Total Short-Term Investments
(cost $9,840,370) | |
| Total Investments
(cost $1,868,116,678) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| 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, 2024, the aggregate value of these securities was $49,710,643, representing 2.4% of net assets. |
| Investment valued using significant unobservable inputs. |
| 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, 2024, the aggregate value of this security was $1,749,378, representing 0.1% of net assets. |
| Currently no rate available. |
| Current yield as of period end. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Multi-Cap Value Fund
Schedule of Investments – (continued)October 31, 2024
Foreign Currency Contracts Outstanding at October 31, 2024 |
Amount and Description of
Currency to be Purchased | Amount and Description of
Currency to be Sold | | | Appreciation/
(Depreciation) |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Total foreign currency contracts | |
† 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, 2024
Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
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| | | | |
| | | | |
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| | | | |
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| | | | |
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| | | | |
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| | | | |
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| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| | | | |
Foreign Currency Contracts(2) | | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
| Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2024 is not presented.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Stock Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| |
| | |
| |
| | |
| NU Holdings Ltd. Class A* | |
| | | |
| |
| Contemporary Amperex Technology Co. Ltd. Class A | |
| | |
| Tencent Music Entertainment Group ADR | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| Bank Central Asia Tbk. PT | |
| |
| FinecoBank Banca Fineco SpA | |
| |
| | |
| | |
| | |
| Mitsubishi UFJ Financial Group, Inc. | |
| MS&AD Insurance Group Holdings, Inc. | |
| Recruit Holdings Co. Ltd. | |
| | |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| |
| Samsung Electronics Co. Ltd. | |
| |
| | |
| | |
| | | |
| |
| Svenska Handelsbanken AB Class A | |
Shares or Principal Amount | | |
COMMON STOCKS - 98.0% - (continued) |
| |
| Chocoladefabriken Lindt & Spruengli AG | |
| Cie Financiere Richemont SA Class A | |
| | | |
| |
| Taiwan Semiconductor Manufacturing Co. Ltd. | |
| |
| | |
| | |
| | |
| | |
| Reckitt Benckiser Group PLC | |
| | |
| | |
| | | |
| |
| | |
| | |
| Ferguson Enterprises, Inc. | |
| | |
| | |
| Liberty Media Corp.-Liberty Formula One | |
| Lululemon Athletica, Inc.* | |
| | |
| | |
| | |
| | |
| | | |
| Total Common Stocks
(cost $5,501,196,668) | | |
SHORT-TERM INVESTMENTS - 0.3% |
| Securities Lending Collateral - 0.3% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| Total Short-Term Investments
(cost $21,037,275) | |
| Total Investments
(cost $5,522,233,943) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
The accompanying notes are an integral part of these financial statements.
Hartford Schroders International Stock Fund
Schedule of Investments – (continued)October 31, 2024
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.
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Current yield as of period end. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Sustainable International Core Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| | |
| |
| | |
| |
| BOC Hong Kong Holdings Ltd. | |
| China Mengniu Dairy Co. Ltd. | |
| China Pacific Insurance Group Co. Ltd. Class H | |
| Contemporary Amperex Technology Co. Ltd. Class A | |
| | |
| Sany Heavy Industry Co. Ltd. Class A | |
| | |
| WuXi AppTec Co. Ltd. Class H(1) | |
| | | |
| |
| | |
| Novonesis (Novozymes) B Class B | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | | |
| |
| Bank Mandiri Persero Tbk. PT | |
| |
| Bank of Ireland Group PLC | |
| |
| | |
| |
| Chugai Pharmaceutical Co. Ltd. | |
| Cosmos Pharmaceutical Corp. | |
| | |
| | |
| Harmonic Drive Systems, Inc. | |
| | |
| | |
| | |
| | |
| Mitsubishi UFJ Financial Group, Inc. | |
| | |
| | |
| | |
| Sumitomo Forestry Co. Ltd. | |
| Sumitomo Realty & Development Co. Ltd. | |
Shares or Principal Amount | | |
COMMON STOCKS - 96.8% - (continued) |
| Japan - 20.0% - (continued) |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| |
| | |
| |
| EDP - Energias de Portugal SA | |
| |
| Oversea-Chinese Banking Corp. Ltd. | |
| Singapore Telecommunications Ltd. | |
| | | |
| |
| Hana Financial Group, Inc. | |
| | |
| Samsung Electronics Co. Ltd. | |
| | |
| | | |
| |
| | |
| |
| | |
| Skandinaviska Enskilda Banken AB Class A | |
| | |
| Svenska Handelsbanken AB Class A | |
| | | |
| |
| Cie Financiere Richemont SA Class A | |
| |
| Hon Hai Precision Industry Co. Ltd. | |
| | |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | |
| | | |
| |
| Bangkok Dusit Medical Services PCL Class F | |
| |
| | |
| Reckitt Benckiser Group PLC | |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Sustainable International Core Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 96.8% - (continued) |
| United States - 8.1% - (continued) |
| | |
| | |
| | | |
| Total Common Stocks
(cost $1,045,382) | | |
| Total Investments
(cost $1,045,382) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| 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, 2024, the aggregate value of these securities was $20,993, representing 1.8% of net assets. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| Boeing Co. 6.53%, 05/01/2034(1) | |
| |
| AIB Group PLC 5.87%, 03/28/2035, (5.87% fixed rate until 03/28/2034; 6 mo. USD SOFR + 1.91% thereafter)(1)(2) | |
| Diversified Financial Services - 0.4% |
| Aircastle Ltd. 5.95%, 02/15/2029(1) | |
| Aircastle Ltd./Aircastle Ireland DAC 5.75%, | |
| MMH Master LLC 6.38%, 02/01/2034(1) | |
| | | |
| |
| Qorvo, Inc. 1.75%, 12/15/2024 | |
| Total Corporate Bonds
(cost $13,793,878) | |
|
| |
| Black Belt Energy Gas Dist, AL, Rev 5.25%, | |
| County of Jefferson Sewer, AL, Rev 5.50%, 10/01/2053 | |
| Energy Southeast A Cooperative Dist, AL, Rev | |
| Town of Pike Road, AL, GO 5.00%, 03/01/2052 | |
| | | |
| |
| Arizona Industrial Dev Auth, AZ, Rev 5.00%, | |
| |
| Arkansas Dev Finance Auth, AR, Rev, (FHLMC), (FNMA), (GNMA) 5.00%, 01/01/2055 | |
| |
| Alameda Corridor Transportation Auth, CA, Rev, (AGM) 5.00%, 10/01/2052 | |
| California Community Choice Financing Auth, CA, Rev 5.00%, 02/01/2054(3) | |
| California Infrastructure & Economic Dev Bank, CA, Rev 5.25%, 07/01/2054 | |
| Elk Grove Unified School Dist, CA, GO 4.00%, 08/01/2048 | |
| Fresno Unified School Dist, CA, GO 4.00%, 08/01/2052 | |
| Golden State Tobacco Securitization Corp., CA, Rev 3.00%, 06/01/2046 | |
| Merced Union High School Dist, CA, GO | |
| Oxnard School Dist, CA, GO, (BAM) 4.25%, 08/01/2053 | |
| Regents of the University of California Medical Center Pooled, CA, Rev 4.00%, 05/15/2053 | |
| San Diego County Regional Airport Auth, CA, Rev 5.00%, 07/01/2053 | |
| San Diego Unified School Dist, CA, GO 4.55%, 07/01/2052 | |
| San Francisco Bay Area Rapid Transit Dist, CA, GO 4.25%, 08/01/2052 | |
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| California - 6.2% - (continued) |
| San Mateo Foster City School Dist, CA, GO 4.00%, 08/01/2051 | |
| Sweetwater Union High School Dist, CA, GO 5.00%, 08/01/2052 | |
| Victor Valley Community College Dist, CA, GO 4.00%, 08/01/2050 | |
| Washington Township Health Care Dist, CA, GO, | |
| | |
| | |
| | | |
| |
| Adams County Housing Auth, CO, Rev 4.50%, | |
| City & County of Denver Airport System, CO, Rev 5.25%, 11/15/2053 | |
| City of Colorado Springs Utilities System, CO, Rev 4.00%, 11/15/2051 | |
| Colorado Housing & Finance Auth, CO, Rev | |
| | |
| (FHLMC), (FNMA), (GNMA) 3.50%, 05/01/2050 | |
| | | |
| |
| Connecticut Housing Finance Auth, CT, Rev, (FHLMC), (FNMA), (GNMA) 4.25%, 05/15/2042 | |
| District of Columbia - 1.4% |
| Dist of Columbia Housing Finance Agency, DC, Rev | |
| | |
| | |
| Dist of Columbia Income Tax, DC, Rev 5.25%, 05/01/2048 | |
| Dist of Columbia Water & Sewer Auth, DC, Rev 4.00%, 10/01/2047 | |
| | | |
| |
| Broward County Housing Finance Auth, FL, Rev, (HUD) 3.40%, 03/01/2057(3) | |
| City of Cape Coral Water & Sewer, FL, Rev, (BAM) 5.25%, 10/01/2053 | |
| County of Broward Convention Center Hotel, FL, Rev 4.00%, 01/01/2051 | |
| County of Miami-Dade Water & Sewer System, FL, Rev 4.00%, 10/01/2051 | |
| Escambia County Housing Finance Auth, FL, | |
| Florida Dev Finance Corp., FL, Rev 5.25%, 08/01/2055 | |
| Florida Housing Finance Corp., FL, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2052 | |
| (GNMA) 3.35%, 10/01/2027(3) | |
| (FHLMC), (FNMA), (GNMA) 3.50%, 07/01/2051 | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Florida - 2.5% - (continued) |
| (FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2049 | |
| St. Johns County Housing Finance Auth, FL, | |
| | | |
| |
| Main Street Natural Gas, Inc., GA, Rev | |
| | |
| | |
| | |
| | |
| Valdosta & Lowndes County Hospital Auth, GA, Rev 5.00%, 10/01/2054 | |
| | | |
| |
| City & County Honolulu Wastewater System, HI, Rev 5.25%, 07/01/2053 | |
| |
| Chicago O'Hare International Airport, IL, Rev 5.50%, 01/01/2059 | |
| Illinois Housing Dev Auth, IL, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 04/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 10/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 3.75%, 04/01/2050 | |
| (FHLMC), (FNMA), (GNMA) 4.50%, 10/01/2048 | |
| (HUD) 5.00%, 02/01/2027(3) | |
| Metropolitan Pier & Exposition Auth, IL, Rev, (NPFG) 0.00%, 06/15/2028(4) | |
| | | |
| |
| Indiana Housing & Community Dev Auth, IN, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2050 | |
| | |
| Indianapolis Local Public Improvement Bond Bank, IN, Rev 5.00%, 01/01/2053 | |
| | | |
| |
| Iowa Finance Auth, IA, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2052 | |
| (FHLMC), (FNMA), (GNMA) 3.25%, 07/01/2050 | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2048 | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2052 | |
| (FHLMC), (FNMA), (GNMA) 5.25%, 07/01/2053 | |
| | | |
| |
| Kentucky Public Energy Auth, KY, Rev | |
| | |
| | |
| | | |
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| |
| Louisiana Housing Corp., LA, Rev, | |
| (FHA) 3.75%, 08/01/2027(3) | |
| | |
| | |
| Louisiana Local Government Environmental Facs & Community Dev Auth, LA, Rev 2.50%, 04/01/2036 | |
| Louisiana Stadium & Exposition Dist, LA, Rev 5.25%, 07/01/2053 | |
| | | |
| |
| Maryland State Transportation Auth, MD, Rev 4.00%, 07/01/2050 | |
| |
| Commonwealth of Massachusetts, MA, GO | |
| | |
| | |
| Massachusetts Bay Transportation Auth Sales Tax, MA, Rev 4.00%, 07/01/2053 | |
| | | |
| |
| Cedar Springs Public School Dist, MI, GO, | |
| (Q-SBLF) 4.50%, 05/01/2049 | |
| (Q-SBLF) 5.00%, 05/01/2051 | |
| Ferndale Public Schools, MI, GO, (Q-SBLF) 5.00%, 05/01/2053 | |
| Great Lakes Water Auth, Sewage Disposal System, MI, Rev 5.25%, 07/01/2053 | |
| Great Lakes Water Auth, Water Supply System, MI, Rev 5.25%, 07/01/2053 | |
| Grosse Ile Township School Dist, MI, GO, | |
| (Q-SBLF) 5.00%, 05/01/2049 | |
| (Q-SBLF) 5.00%, 05/01/2052 | |
| Michigan State Housing Dev Auth, MI, Rev | |
| Southfield Public Schools, MI, GO, (Q-SBLF) 5.00%, 05/01/2053 | |
| Troy School Dist, MI, GO, (Q-SBLF) 5.00%, 05/01/2052 | |
| Wayne County Airport Auth, MI, Rev, (AGM) 5.25%, 12/01/2048 | |
| | | |
| |
| Minneapolis-St Paul Metropolitan Airports Commission, MN, Rev 4.25%, 01/01/2052 | |
| Minnesota Housing Finance Agency, MN, Rev, (FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2051 | |
| Washington County Community Dev Agency, MN, Rev 3.68%, 09/01/2026(3) | |
| | | |
| |
| Mississippi Home Corp., MS, Rev, (FHLMC), (FNMA), (GNMA) 3.25%, 12/01/2050 | |
| |
| Kansas City Planned Industrial Expansion Auth, MO, Rev 5.00%, 07/01/2045(3) | |
| Missouri Housing Dev Commission, MO, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 05/01/2052 | |
| (FHLMC), (FNMA), (GNMA) 3.25%, 05/01/2051 | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Missouri - 1.0% - (continued) |
| (FHLMC), (FNMA), (GNMA) 3.50%, 11/01/2050 | |
| (FHLMC), (FNMA), (GNMA) 4.25%, 05/01/2049 | |
| (FHLMC), (FNMA), (GNMA) 4.75%, 05/01/2049 | |
| St. Charles County Francis Howell R-III School Dist, MO, GO 2.00%, 03/01/2037 | |
| | | |
| |
| Nebraska Investment Finance Auth, NE, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 09/01/2050 | |
| | |
| | | |
| |
| Nevada Housing Division, NV, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 04/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 10/01/2049 | |
| Reno-Tahoe Airport Auth, NV, Rev 5.25%, 07/01/2054 | |
| | | |
| |
| New Jersey Housing & Mortgage Finance Agency, NJ, Rev, (HUD) 3.67%, 02/01/2026 | |
| New Jersey Transportation Trust Fund Auth, NJ, Rev 4.00%, 06/15/2035 | |
| | | |
| |
| New Mexico Mortgage Finance Auth, NM, Rev, | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2051 | |
| (FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2052 | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 01/01/2049 | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 01/01/2050 | |
| (FHLMC), (FNMA), (GNMA) 4.25%, 03/01/2053 | |
| | | |
| |
| City of New York, NY, GO 4.00%, 04/01/2050 | |
| New York City Municipal Water Finance Auth, NY, Rev 5.25%, 06/15/2053 | |
| New York City Transitional Finance Auth, Future Tax Secured, NY, Rev | |
| | |
| | |
| New York City Transitional Finance Auth, NY, Rev 4.38%, 05/01/2053 | |
| New York State Dormitory Auth, NY, Rev 3.00%, 03/15/2038 | |
| New York State Housing Finance Agency, NY, Rev, (FHLMC) 3.57%, 05/01/2042(3) | |
| Rockland County Industrial Dev Agency, NY, Rev, (FHA), (HUD) 4.65%, 05/01/2027(3) | |
| Triborough Bridge & Tunnel Auth Sales Tax, NY, Rev | |
| | |
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| New York - 6.0% - (continued) |
| | |
| Triborough Bridge & Tunnel Auth, NY, Rev | |
| | |
| | |
| | | |
| |
| Asheville Housing Auth, NC, Rev, (HUD) | |
| City of Charlotte Storm Water, NC, Rev 4.00%, 12/01/2054 | |
| | | |
| |
| Cuyahoga Metropolitan Housing Auth, OH, | |
| Ohio Housing Finance Agency, OH, Rev | |
| | |
| (FHLMC), (FNMA), (GNMA) 3.25%, 03/01/2050 | |
| | |
| (FHLMC), (FNMA), (GNMA) 4.50%, 09/01/2048 | |
| (FHLMC), (FNMA), (GNMA) 5.00%, 03/01/2052 | |
| Ohio Turnpike & Infrastructure Commission, OH, Rev | |
| | |
| | |
| Pickerington Local School Dist, OH, GO 5.00%, 12/01/2053 | |
| | | |
| |
| Oklahoma Housing Finance Agency, OK, Rev, (FHLMC), (FNMA), (GNMA) 4.00%, 03/01/2050 | |
| |
| Allegheny County Sanitary Auth, PA, Rev 5.00%, 06/01/2053 | |
| Bucks County Water & Sewer Auth, PA, Rev, (AGM) 4.25%, 12/01/2047 | |
| | | |
| |
| Rhode Island Health & Educational Building Corp., RI, Rev, | |
| (ST AID WITHHLDG) 4.13%, 05/15/2054 | |
| | |
| | | |
| |
| Grand Strand Water & Sewer Auth, SC, Rev 4.00%, 06/01/2051 | |
| Patriots Energy Group Financing Agency, SC, | |
| South Carolina Jobs-Economic Dev Auth, SC, Rev 5.25%, 11/01/2054 | |
| Tobacco Settlement Management Auth, SC, Rev 6.38%, 05/15/2030 | |
| | | |
| |
| Chattanooga Health Educational & Housing Facility Board, TN, Rev | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Tennessee - 4.5% - (continued) |
| Cleveland Health & Educational Facs Board, TN, Rev 5.25%, 08/15/2054 | |
| County of Putnam, TN, GO 2.00%, 04/01/2037 | |
| Health Educational & Housing Facility Board of the City of Memphis, TN, Rev, (HUD) | |
| Jackson Health Educational & Housing Facility Board, TN, Rev, (HUD) 3.00%, | |
| Johnson City Health & Educational Facs Board, TN, Rev, (HUD) 3.60%, | |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Board, TN, Rev, | |
| (HUD) 3.50%, 02/01/2048(3) | |
| | |
| | |
| Metropolitan Nashville Airport Auth, TN, Rev | |
| | |
| | |
| Tennergy Corp., TN, Rev 4.00%, 12/01/2051(3) | |
| Tennessee Housing Dev Agency, TN, Rev 4.50%, 07/01/2049 | |
| | | |
| |
| Aldine Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2054 | |
| Alvarado Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2052 | |
| Arlington Higher Education Finance Corp., TX, Rev, | |
| (PSF-GTD) 4.25%, 12/01/2048 | |
| (PSF-GTD) 4.25%, 12/01/2053 | |
| (PSF-GTD) 4.38%, 08/15/2052 | |
| (PSF-GTD) 5.00%, 08/15/2033 | |
| (PSF-GTD) 5.00%, 08/15/2048 | |
| Azle Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2054 | |
| Bexar County Hospital Dist, TX, GO | |
| | |
| | |
| Bexar County Housing Finance Corp., TX, Rev | |
| Bullard Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2052 | |
| Carrizo Springs Consolidated Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 08/15/2049 | |
| Chapel Hill Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 02/15/2048 | |
| City of Dallas Housing Finance Corp., TX, Rev, | |
| (FHA) 5.00%, 08/01/2027(3) | |
| | |
| Cleburne Independent School Dist, TX, GO, (PSF-GTD) 3.00%, 02/15/2046 | |
| Clifton Higher Education Finance Corp., TX, Rev, | |
| (PSF-GTD) 4.25%, 04/01/2053 | |
| (PSF-GTD) 4.25%, 08/15/2053 | |
| College of the Mainland, TX, GO 4.00%, 08/15/2049 | |
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Texas - 34.5% - (continued) |
| Columbia-Brazoria Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/01/2053 | |
| Community Independent School Dist, TX, GO, | |
| (PSF-GTD) 5.00%, 02/15/2048 | |
| (PSF-GTD) 5.00%, 02/15/2053 | |
| Crandall Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 08/15/2052 | |
| Crowley Independent School Dist, TX, GO, (PSF-GTD) 4.25%, 02/01/2054 | |
| Dallas Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Denison Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 08/01/2053 | |
| Dickinson Independent School Dist, TX, GO, (PSF-GTD) 4.25%, 02/15/2053 | |
| Donna Independent School Dist, TX, GO, (PSF-GTD) 4.13%, 02/15/2053 | |
| Dripping Springs Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 02/15/2053 | |
| Forney Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 08/15/2053 | |
| Fort Worth Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2048 | |
| Georgetown Independent School Dist, TX, GO, | |
| (PSF-GTD) 2.50%, 08/15/2037 | |
| (PSF-GTD) 5.00%, 02/15/2054 | |
| Hitchcock Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2048 | |
| Houston Housing Finance Corp., TX, Rev | |
| Humble Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2054 | |
| Hurst-Euless-Bedford Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 08/15/2050 | |
| Katy Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Kaufman Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 02/15/2054 | |
| Lakeside Place PFC, TX, Rev, (FHA) 4.15%, | |
| Lamar Consolidated Independent School Dist, TX, GO, | |
| (PSF-GTD) 3.00%, 02/15/2051 | |
| (PSF-GTD) 4.00%, 02/15/2048 | |
| Liberty Hill Independent School Dist, TX, GO, (PSF-GTD) 4.13%, 02/01/2053 | |
| Lockhart Independent School Dist, TX, GO, (PSF-GTD) 4.13%, 08/01/2053 | |
| Medina Valley Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Mesquite Housing Finance Corp., TX, Rev | |
| Midland Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2054 | |
| Montgomery Independent School Dist, TX, GO, | |
| (PSF-GTD) 4.00%, 02/15/2053 | |
| (PSF-GTD) 4.25%, 02/15/2052 | |
| Navarro Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2054 | |
| New Caney Independent School Dist, TX, GO, | |
| (PSF-GTD) 4.00%, 02/15/2054 | |
| (PSF-GTD) 5.00%, 02/15/2053 | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Texas - 34.5% - (continued) |
| Newark Higher Education Finance Corp., TX, Rev, (PSF-GTD) 5.00%, 08/15/2052 | |
| North Texas Tollway Auth, TX, Rev 4.00%, 01/01/2044 | |
| Northwest Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 02/15/2048 | |
| Permanent University Fund - University of Texas System, TX, Rev 4.13%, 07/01/2052 | |
| Pewitt Consolidated Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Prosper Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Rockwall Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/15/2053 | |
| Royal Independent School Dist, TX, GO, (PSF-GTD) 4.25%, 02/15/2053 | |
| Sabine-Neches Navigation Dist, TX, GO 5.25%, 02/15/2052 | |
| San Antonio Housing Trust Public Facility Corp., TX, Rev | |
| | |
| | |
| (FNMA) 5.00%, 10/01/2028(3) | |
| Sherman Independent School Dist, TX, GO, (PSF-GTD) 5.00%, 02/15/2053 | |
| Southwest Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 02/01/2053 | |
| Strategic Housing Finance Corp. of Travis County, TX, Rev 3.35%, 03/01/2046(3) | |
| Tarrant County Hospital Dist, TX, GO 4.25%, 08/15/2053 | |
| Temple Independent School Dist, TX, GO, (PSF-GTD) 4.25%, 02/01/2047 | |
| Texas City Independent School Dist, TX, GO, (PSF-GTD) 4.00%, 08/15/2053 | |
| Texas Department of Housing & Community Affairs, TX, Rev, | |
| | |
| | |
| (HUD) 3.25%, 08/01/2028(3) | |
| | |
| | |
| | |
| Texas Municipal Gas Acquisition & Supply Corp. III, TX, Rev 5.00%, 12/15/2028 | |
| Texas Municipal Gas Acquisition & Supply Corp. IV, TX, Rev 5.50%, 01/01/2054(3) | |
| Texas State Affordable Housing Corp., TX, | |
| Texas Water Dev Board, TX, Rev | |
| | |
| | |
| White Settlement Independent School Dist, TX, GO, | |
| (PSF-GTD) 4.00%, 08/15/2052 | |
| (PSF-GTD) 4.13%, 08/15/2052 | |
| | | |
| |
| Utah Housing Corp., UT, Rev 3.70%, | |
| |
| Hampton Roads Transportation Accountability Commission, VA, Rev 4.00%, 07/01/2052 | |
Shares or Principal Amount | | |
MUNICIPAL BONDS - 86.6% - (continued) |
| Virginia - 0.9% - (continued) |
| Harrisonburg Redev & Housing Auth, VA, Rev | |
| Loudoun County Economic Dev Auth, VA, Rev 4.00%, 10/01/2052 | |
| | | |
| |
| King County Public Hospital Dist No. 2, WA, GO 5.25%, 12/01/2045 | |
| Washington State Housing Finance Commission, WA, Rev | |
| | |
| (FHLMC), (FNMA), (GNMA) 4.00%, 06/01/2050 | |
| | | |
| |
| Wyoming Community Dev Auth, WY, Rev 4.00%, 06/01/2043 | |
| Total Municipal Bonds
(cost $1,121,167,833) | | |
U.S. GOVERNMENT AGENCIES - 2.0% |
| Mortgage-Backed Agencies - 2.0% |
| Federal Home Loan Mortgage Corp. - 1.3% |
| | |
| | |
| | | |
| Federal National Mortgage Association - 0.7% |
| | |
| Total U.S. Government Agencies
(cost $26,687,269) | | |
U.S. GOVERNMENT SECURITIES - 5.3% |
| U.S. Treasury Securities - 5.3% |
| U.S. Treasury Bonds - 5.3% |
| | |
| | |
| | |
| Total U.S. Government Securities
(cost $69,417,295) | | |
| Total Long-Term Investments
(cost $1,231,066,275) | | |
SHORT-TERM INVESTMENTS - 4.1% |
| U.S. Treasury Securities - 4.1% |
| U.S. Treasury Bills - 4.1% |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders Tax-Aware Bond Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 4.1% - (continued) |
| U.S. Treasury Securities - 4.1% - (continued) |
| U.S. Treasury Bills - 4.1% - (continued) |
| | |
| Total Short-Term Investments
(cost $52,918,544) | |
| Total Investments
(cost $1,283,984,819) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to 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.
| 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, 2024, the aggregate value of these securities was $18,432,238, representing 1.4% of net assets. |
| Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| 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. |
| Security is a zero-coupon bond. |
| The rate shown represents current yield to maturity. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
U.S. Government Securities | | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders US MidCap Opportunities Fund
Schedule of InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| |
| Commerce Bancshares, Inc. | |
| | |
| | | |
| |
| Advanced Drainage Systems, Inc. | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| Commercial & Professional Services - 9.3% |
| ExlService Holdings, Inc.* | |
| | |
| Rentokil Initial PLC ADR(1) | |
| | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 1.2% |
| | |
| Consumer Durables & Apparel - 2.2% |
| | |
| | |
| | | |
| |
| | |
| | |
| | | |
| |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 6.4% |
| Alexandria Real Estate Equities, Inc. REIT | |
| American Homes 4 Rent Class A, REIT | |
| Brixmor Property Group, Inc. REIT | |
| Rexford Industrial Realty, Inc. REIT | |
| | |
| | | |
| Financial Services - 3.8% |
| MarketAxess Holdings, Inc. | |
| | |
| Raymond James Financial, Inc. | |
| | | |
| Food, Beverage & Tobacco - 3.0% |
| | |
| | |
| | | |
| Health Care Equipment & Services - 6.4% |
| | |
| | |
| | |
| | |
| | | |
| |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 96.4% - (continued) |
| Insurance - 6.7% - (continued) |
| | |
| Reinsurance Group of America, Inc. | |
| Ryan Specialty Holdings, Inc. | |
| | | |
| |
| | |
| | |
| | |
| | | |
| Media & Entertainment - 4.6% |
| | |
| | |
| Take-Two Interactive Software, Inc.* | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 2.7% |
| | |
| West Pharmaceutical Services, Inc. | |
| | | |
| Semiconductors & Semiconductor Equipment - 2.6% |
| | |
| | |
| | | |
| Software & Services - 9.9% |
| | |
| | |
| Dolby Laboratories, Inc. Class A | |
| | |
| | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 7.2% |
| | |
| | |
| Pure Storage, Inc. Class A* | |
| Teledyne Technologies, Inc.* | |
| Zebra Technologies Corp. Class A* | |
| | | |
| |
| | |
| | |
| | | |
| Total Common Stocks
(cost $693,552,108) | | |
SHORT-TERM INVESTMENTS - 0.0% |
| Securities Lending Collateral - 0.0% |
| Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 4.77%(2) | |
| HSBC U.S. Government Money Market Fund, Institutional Class, 4.78%(2) | |
| Invesco Government & Agency Portfolio, Institutional Class, 4.76%(2) | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders US MidCap Opportunities Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
SHORT-TERM INVESTMENTS - 0.0% - (continued) |
| Securities Lending Collateral - 0.0% - (continued) |
| Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, | |
| Total Short-Term Investments
(cost $244,625) | |
| Total Investments
(cost $693,796,733) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information. |
| Current yield as of period end. |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
| | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
| | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 InvestmentsOctober 31, 2024
Shares or Principal Amount | | |
|
| Automobiles & Components - 1.3% |
| Fox Factory Holding Corp.* | |
| | |
| | | |
| |
| | |
| | |
| Pacific Premier Bancorp, Inc. | |
| | |
| Seacoast Banking Corp. of Florida | |
| | |
| | |
| United Community Banks, Inc. | |
| | |
| | | |
| |
| Albany International Corp. Class A | |
| | |
| | |
| | |
| Helios Technologies, Inc. | |
| | |
| Janus International Group, Inc.* | |
| | |
| | |
| | |
| Simpson Manufacturing Co., Inc. | |
| | |
| | | |
| Commercial & Professional Services - 5.0% |
| | |
| Science Applications International Corp. | |
| UL Solutions, Inc. Class A | |
| | |
| | |
| | | |
| Consumer Discretionary Distribution & Retail - 1.5% |
| | |
| Consumer Durables & Apparel - 5.4% |
| | |
| Malibu Boats, Inc. Class A* | |
| | |
| | |
| | |
| | |
| | | |
| Consumer Staples Distribution & Retail - 1.1% |
| | |
| |
| | |
| | |
| | |
| | | |
| Equity Real Estate Investment Trusts (REITs) - 2.3% |
| Douglas Emmett, Inc. REIT | |
| Terreno Realty Corp. REIT | |
| | | |
| Financial Services - 5.9% |
| Compass Diversified Holdings | |
| Encore Capital Group, Inc.* | |
| | |
Shares or Principal Amount | | |
COMMON STOCKS - 95.1% - (continued) |
| Financial Services - 5.9% - (continued) |
| | |
| Perella Weinberg Partners | |
| | | |
| Food, Beverage & Tobacco - 1.7% |
| Darling Ingredients, Inc.* | |
| | |
| | | |
| Health Care Equipment & Services - 8.0% |
| | |
| | |
| iRhythm Technologies, Inc.* | |
| | |
| | |
| U.S. Physical Therapy, Inc. | |
| | | |
| |
| Axis Capital Holdings Ltd. | |
| Bowhead Specialty Holdings, Inc.* | |
| | |
| Reinsurance Group of America, Inc. | |
| | | |
| |
| | |
| | |
| Graphic Packaging Holding Co. | |
| | |
| | |
| | | |
| Media & Entertainment - 2.5% |
| | |
| | |
| | |
| | | |
| Pharmaceuticals, Biotechnology & Life Sciences - 3.5% |
| | |
| Intra-Cellular Therapies, Inc.* | |
| | |
| | | |
| Semiconductors & Semiconductor Equipment - 1.7% |
| Allegro MicroSystems, Inc.* | |
| MACOM Technology Solutions Holdings, Inc.* | |
| | | |
| Software & Services - 5.9% |
| | |
| | |
| | |
| | |
| | | |
| Technology Hardware & Equipment - 6.5% |
| | |
| | |
| Mirion Technologies, Inc.* | |
| | |
| | |
| | | |
| Telecommunication Services - 1.3% |
| Iridium Communications, Inc. | |
| |
| Chesapeake Utilities Corp. | |
The accompanying notes are an integral part of these financial statements.
Hartford Schroders US Small Cap Opportunities Fund
Schedule of Investments – (continued)October 31, 2024
Shares or Principal Amount | | |
COMMON STOCKS - 95.1% - (continued) |
| Utilities - 2.8% - (continued) |
| | |
| | |
| | | |
| Total Common Stocks
(cost $175,740,742) | | |
| Total Investments
(cost $175,740,742) | | |
| Other Assets and Liabilities | | |
| | | |
Note:
Percentage of investments as shown is the ratio of the total market value to net assets.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.
See “Glossary” for abbreviation descriptions.
| |
| See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Fund’s investments.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Commercial & Professional Services | | | | |
Consumer Discretionary Distribution & Retail | | | | |
Consumer Durables & Apparel | | | | |
Consumer Staples Distribution & Retail | | | | |
| | | | |
Equity Real Estate Investment Trusts (REITs) | | | | |
| | | | |
| | | | |
Health Care Equipment & Services | | | | |
| | | | |
| | | | |
| | | | |
Pharmaceuticals, Biotechnology & Life Sciences | | | | |
Semiconductors & Semiconductor Equipment | | | | |
| | | | |
Technology Hardware & Equipment | | | | |
Telecommunication Services | | | | |
| | | | |
| | | | |
| For the year ended October 31, 2024, 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 preceding Schedules of Investments)
Counterparty Abbreviations: |
| |
| Bank of America Securities LLC |
| |
| |
| Hongkong and Shanghai Banking Corporation |
| |
| |
| State Street Global Markets LLC |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| Credit Derivatives North American Investment Grade |
| Constant Maturity Treasury Index |
| Financial Times and Stock Exchange |
| Markit iBoxx Indices - Euro, Sterling, Asian, US Dollar and European High-Yield Bond Markets |
| |
|
| |
| |
| |
| |
| |
| |
| |
|
| American Depositary Receipt |
| Assured Guaranty Municipal Corp. |
| |
| Build America Mutual Assurance Co. |
| |
| Chess Depositary Interest |
| Collateralized Loan Obligation |
| Collateralized Mortgage Obligation |
| |
| |
| Federal Housing Administration |
| Federal Home Loan Mortgage Corp. |
| Federal National Mortgage Association |
| Global Depositary Receipt |
| Government National Mortgage Association |
| Housing and Urban Development |
| |
| Kommanditgesellschaft Auf Aktien |
| National Public Finance Guarantee Corp. |
| Non-Voting Depositary Receipt |
| |
| Private Joint Stock Company |
| |
| |
| Qualified School Bond Loan Fund |
| Real Estate Investment Trust |
| Secured Overnight Financing Rate |
| Standard & Poor's Depositary Receipt |
| |
| |
Statements of Assets and LiabilitiesOctober 31, 2024
| Hartford
Schroders
China A Fund | Hartford
Schroders
Core Fixed
Income
Fund | Hartford
Schroders
Diversified
Emerging
Markets Fund | Hartford
Schroders
Diversified
Growth
Fund (Consolidated) | Hartford
Schroders
Emerging
Markets Equity
Fund |
| | | | | |
Investments in securities, at market value(1) | | | | | |
| | | | | |
Cash collateral due from broker on futures contracts | | | | | |
Cash collateral due from broker on swap contracts | | | | | |
Cash collateral held for securities on loan | | | | | |
| | | | | |
Unrealized appreciation on foreign currency contracts | | | | | |
| | | | | |
| | | | | |
Investment securities sold | | | | | |
| | | | | |
| | | | | |
Securities lending income | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Unrealized depreciation on foreign currency contracts | | | | | |
Obligation to return securities lending collateral | | | | | |
| | | | | |
Investment securities purchased | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
Variation margin on futures contracts | | | | | |
Variation margin on centrally cleared swap contracts | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Capital stock and paid-in-capital | | | | | |
Distributable earnings (loss) | | | | | |
| | | | | |
| | | | | |
| | | | | |
Class A:Net asset value per share | | | | | |
Maximum offering price per share | | | | | |
| | | | | |
| | | | | |
Class C:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class I:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R3:Net asset value per share | | | | | |
| | | | | |
| | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)October 31, 2024
| Hartford Schroders China A Fund | Hartford Schroders Core Fixed Income Fund | Hartford Schroders Diversified Emerging Markets Fund | Hartford Schroders Diversified Growth Fund (Consolidated) | Hartford Schroders Emerging Markets Equity Fund |
Class R4:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R5:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class Y:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class F:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class SDR:Net asset value per share | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
(1) Includes Investment in securities on loan, at market value | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)October 31, 2024
| Hartford
Schroders
Emerging Markets
Multi-Sector
Bond Fund | Hartford
Schroders
International
Contrarian
Value
Fund | Hartford
Schroders
International
Multi-Cap
Value Fund | Hartford
Schroders
International
Stock Fund | Hartford
Schroders
Sustainable
International
Core
Fund |
| | | | | |
Investments in securities, at market value(1) | | | | | |
| | | | | |
Cash collateral held for securities on loan | | | | | |
| | | | | |
Unrealized appreciation on foreign currency contracts | | | | | |
| | | | | |
| | | | | |
Investment securities sold | | | | | |
| | | | | |
| | | | | |
Securities lending income | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Unrealized depreciation on foreign currency contracts | | | | | |
Obligation to return securities lending collateral | | | | | |
| | | | | |
Investment securities purchased | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Capital stock and paid-in-capital | | | | | |
Distributable earnings (loss) | | | | | |
| | | | | |
| | | | | |
| | | | | |
Class A:Net asset value per share | | | | | |
Maximum offering price per share | | | | | |
| | | | | |
| | | | | |
Class C:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class I:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R3:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class R4:Net asset value per share | | | | | |
| | | | | |
| | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)October 31, 2024
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund | Hartford Schroders International Contrarian Value Fund | Hartford Schroders International Multi-Cap Value Fund | Hartford Schroders International Stock Fund | Hartford Schroders Sustainable International Core Fund |
Class R5:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class Y:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class F:Net asset value per share | | | | | |
| | | | | |
| | | | | |
Class SDR:Net asset value per share | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
(1) Includes Investment in securities on loan, at market value | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)October 31, 2024
| Hartford
Schroders
Tax-Aware
Bond Fund | Hartford
Schroders US
MidCap
Opportunities
Fund | Hartford
Schroders US
Small Cap
Opportunities
Fund |
| | | |
Investments in securities, at market value(1) | | | |
| | | |
Cash collateral held for securities on loan | | | |
| | | |
| | | |
| | | |
| | | |
Securities lending income | | | |
| | | |
| | | |
| | | |
Obligation to return securities lending collateral | | | |
| | | |
Investment securities purchased | | | |
| | | |
Investment management fees | | | |
| | | |
| | | |
Chief Compliance Officer fees | | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
Capital stock and paid-in-capital | | | |
Distributable earnings (loss) | | | |
| | | |
| | | |
| | | |
Class A:Net asset value per share | | | |
Maximum offering price per share | | | |
| | | |
| | | |
Class C:Net asset value per share | | | |
| | | |
| | | |
Class I:Net asset value per share | | | |
| | | |
| | | |
Class R3:Net asset value per share | | | |
| | | |
| | | |
Class R4:Net asset value per share | | | |
| | | |
| | | |
Class R5:Net asset value per share | | | |
| | | |
| | | |
Class Y:Net asset value per share | | | |
| | | |
| | | |
The accompanying notes are an integral part of these financial statements.
Statements of Assets and Liabilities – (continued)October 31, 2024
| Hartford Schroders Tax-Aware Bond Fund | Hartford Schroders US MidCap Opportunities Fund | Hartford Schroders US Small Cap Opportunities Fund |
Class F:Net asset value per share | | | |
| | | |
| | | |
Class SDR:Net asset value per share | | | |
| | | |
| | | |
| | | |
(1) Includes Investment in securities on loan, at market value | | | |
The accompanying notes are an integral part of these financial statements.
Statements of OperationsFor the Year Ended October 31, 2024
| Hartford
Schroders
China A Fund | Hartford
Schroders
Core Fixed
Income
Fund | Hartford
Schroders
Diversified
Emerging
Markets Fund | Hartford
Schroders
Diversified
Growth
Fund (Consolidated) | Hartford
Schroders
Emerging
Markets Equity
Fund |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Less: Foreign tax withheld | | | | | |
Total investment income, net | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Registration and filing fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
| | | | | |
Total expenses (before waivers and reimbursements) | | | | | |
| | | | | |
| | | | | |
Transfer agent fee waivers | | | | | |
Distribution fee reimbursements | | | | | |
Total waivers and reimbursements | | | | | |
| | | | | |
Net Investment Income (Loss) | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | |
| | | | | |
Less: Foreign taxes paid on realized capital gains | | | | | |
| | | | | |
| | | | | |
Foreign currency contracts | | | | | |
Other foreign currency transactions | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | |
| | | | | |
| | | | | |
| | | | | |
Foreign currency contracts | | | | | |
Translation of other assets and liabilities in foreign currencies | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)For the Year Ended October 31, 2024
| Hartford Schroders China A Fund | Hartford Schroders Core Fixed Income Fund | Hartford Schroders Diversified Emerging Markets Fund | Hartford Schroders Diversified Growth Fund (Consolidated) | Hartford Schroders Emerging Markets Equity Fund |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | |
* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)For the Year Ended October 31, 2024
| Hartford
Schroders
Emerging Markets
Multi-Sector
Bond Fund | Hartford
Schroders
International
Contrarian
Value
Fund | Hartford
Schroders
International
Multi-Cap
Value Fund | Hartford
Schroders
International
Stock Fund | Hartford
Schroders
Sustainable
International
Core
Fund |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Less: Foreign tax withheld | | | | | |
Total investment income, net | | | | | |
| | | | | |
Investment management fees | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Registration and filing fees | | | | | |
| | | | | |
| | | | | |
Chief Compliance Officer fees | | | | | |
| | | | | |
| | | | | |
Total expenses (before waivers and reimbursements) | | | | | |
| | | | | |
Transfer agent fee waivers | | | | | |
Distribution fee reimbursements | | | | | |
Total waivers and reimbursements | | | | | |
| | | | | |
Net Investment Income (Loss) | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on: | | | | | |
| | | | | |
Less: Foreign taxes paid on realized capital gains | | | | | |
| | | | | |
| | | | | |
Foreign currency contracts | | | | | |
Other foreign currency transactions | | | | | |
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of: | | | | | |
| | | | | |
| | | | | |
| | | | | |
Foreign currency contracts | | | | | |
Translation of other assets and liabilities in foreign currencies | | | | | |
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)For the Year Ended October 31, 2024
| Hartford Schroders Emerging Markets Multi-Sector Bond Fund | Hartford Schroders International Contrarian Value Fund | Hartford Schroders International Multi-Cap Value Fund | Hartford Schroders International Stock Fund | Hartford Schroders Sustainable International Core Fund |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | |
* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax | | | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Operations – (continued)For the Year Ended October 31, 2024
| Hartford
Schroders
Tax-Aware
Bond Fund | Hartford
Schroders US
MidCap
Opportunities
Fund | Hartford
Schroders US
Small Cap
Opportunities
Fund |
| | | |
| | | |
| | | |
| | | |
Less: Foreign tax withheld | | | |
Total investment income, net | | | |
| | | |
Investment management fees | | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
Registration and filing fees | | | |
| | | |
| | | |
Chief Compliance Officer fees | | | |
| | | |
| | | |
Total expenses (before waivers and reimbursements) | | | |
| | | |
Transfer agent fee waivers | | | |
Distribution fee reimbursements | | | |
Total waivers and reimbursements | | | |
| | | |
Net Investment Income (Loss) | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions on: | | | |
| | | |
Other foreign currency transactions | | | |
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | | | |
Net Changes in Unrealized Appreciation (Depreciation) of: | | | |
| | | |
Net Changes in Unrealized Appreciation (Depreciation) | | | |
Net Gain (Loss) on Investments and Foreign Currency Transactions | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets
| Hartford Schroders
China A Fund | Hartford
Schroders Core Fixed
Income Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| Hartford Schroders Diversified
Emerging Markets Fund | Hartford
Schroders
Diversified
Growth
Fund (Consolidated) |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Period Ended
October 31,
|
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
| Commenced operations on September 20, 2023. |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| Hartford Schroders
Emerging Markets Equity Fund | Hartford Schroders
Emerging Markets Multi-Sector
Bond Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
The accompanying notes are an integral part of these financial statements.
Statements of Changes in Net Assets – (continued)
| Hartford
Schroders International
| Hartford
Schroders International Multi-Cap
Value Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
| Classes A, C, R5, Y and F of the Hartford Schroders International Contrarian Value Fund commenced operations on November 8, 2023. |
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 Sustainable
International Core Fund |
| For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
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,
2024 | For the
Year Ended
October 31,
2023 | For the
Year Ended
October 31,
2024 | For the
Year Ended
October 31,
2023 |
| | | | |
Net investment income (loss) | | | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | |
Net changes in unrealized appreciation (depreciation) of investments | | | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | |
Distributions to Shareholders: | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Capital Share Transactions: | | | | |
| | | | |
Issued on reinvestment of distributions | | | | |
| | | | |
Net increase (decrease) from capital share transactions | | | | |
Net Increase (Decrease) in Net Assets | | | | |
| | | | |
| | | | |
| | | | |
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,
2024 | For the
Year Ended
October 31,
2023 |
| | |
Net investment income (loss) | | |
Net realized gain (loss) on investments | | |
Net changes in unrealized appreciation (depreciation) of investments | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | |
Distributions to Shareholders: | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Capital Share Transactions: | | |
| | |
Issued on reinvestment of distributions | | |
| | |
Net increase (decrease) from capital share transactions | | |
Net Increase (Decrease) in Net Assets | | |
| | |
| | |
| | |
The accompanying notes are an integral part of these financial statements.
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net
Assets
at End
of Period
(000s) | Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
| Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
| Ratio of
Net
Investment
Income
(Loss) to
Average
| |
Hartford Schroders China A Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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For the Period Ended October 31, 2020(6) |
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| | | | | | | | | | | | | | | |
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund) |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund) – (continued) |
For the Year Ended October 31, 2023 |
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For the Period Ended October 31, 2022(9) |
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For the Year Ended October 31, 2021 |
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For the Period Ended October 31, 2020 |
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| | | | | | | | | | | | | | | |
Hartford Schroders Diversified Emerging Markets Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Period Ended October 31, 2022 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Period Ended October 31, 2021(13) |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders Diversified Growth Fund (Consolidated) |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Period Ended October 31, 2023(15) |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Hartford Schroders Emerging Markets Equity Fund |
For the Year Ended October 31, 2024 |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders Emerging Markets Equity Fund – (continued) |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund – (continued) |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Hartford Schroders International Contrarian Value Fund |
For the Period Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Period Ended October 31, 2022(18) |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Hartford Schroders International Multi-Cap Value Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders International Multi-Cap Value Fund – (continued) |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders International Stock Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2021 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders International Stock Fund – (continued) |
For the Year Ended October 31, 2020 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Hartford Schroders Sustainable International Core Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
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For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
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For the Period Ended October 31, 2022(18) |
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Hartford Schroders Tax-Aware Bond Fund |
For the Year Ended October 31, 2024 |
| | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2023 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
For the Year Ended October 31, 2022 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders Tax-Aware Bond Fund – (continued) |
For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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Hartford Schroders US MidCap Opportunities Fund |
For the Year Ended October 31, 2024 |
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For the Year Ended October 31, 2023 |
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For the Year Ended October 31, 2022 |
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The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders US MidCap Opportunities Fund – (continued) |
For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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Hartford Schroders US Small Cap Opportunities Fund |
For the Year Ended October 31, 2024 |
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For the Year Ended October 31, 2023 |
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The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| — Selected Per-Share Data(1) — | — Ratios and Supplemental Data — |
| 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 | | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3)(4) | Ratio of Expenses to Average Net Assets After Adjust- ments(3)(4) | Ratio of Net Investment Income (Loss) to Average Net Assets(3) | |
Hartford Schroders US Small Cap Opportunities Fund – (continued) |
For the Year Ended October 31, 2022 |
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For the Year Ended October 31, 2021 |
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For the Year Ended October 31, 2020 |
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FINANCIAL HIGHLIGHTS FOOTNOTES |
| 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. |
| 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. |
| Ratios do not include expenses of other investment companies, if applicable. |
| Adjustments include waivers and reimbursements, if applicable. |
| Amount is less than $0.01 per share. |
| Commenced operations on March 31, 2020. |
| |
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| Prior to November 12, 2021 this Fund operated as the Schroder Core Bond Fund, the Fund's predecessor fund. Please see Note 1 of the Notes to Financial Statements for details of this reorganization. Effective after the close of business on November 12, 2021, the Investor and R6 share classes were redesignated as Class Y and SDR, respectively. See Note 12 of the Notes to Financial Statements for further information. |
| Classes I, R3, R4, R5 and F commenced operations on November 12, 2021. |
| Commenced operations on June 29, 2020. |
| Classes A, C, I, Y and F commenced operations on February 28, 2022. |
| Commenced operations on September 30, 2021. |
| Reflects the Fund's portfolio turnover for the period September 30, 2021 through October 31, 2021. |
| Commenced operations on September 20, 2023. |
| Reflects the Fund’s portfolio turnover for the period September 20, 2023 through October 31, 2023. |
The accompanying notes are an integral part of these financial statements.
Financial Highlights – (continued)
| Classes A, C, R5, Y and F of the Hartford Schroders International Contrarian Value Fund commenced operations on November 8, 2023. |
| Commenced operations on May 24, 2022. |
| Reflects the Fund’s portfolio turnover for the period May 24, 2022 through October 31, 2022. |
| Amount is less than $(0.01) per share. |
| Amount is less than (0.01)%. |
The accompanying notes are an integral part of these financial statements.
Notes to Financial Statements October 31, 2024
The Hartford Mutual Funds II, Inc. (the "Company") is an open-end registered management investment company comprised of fifteen series, as of October 31, 2024. 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 Core Fixed Income Fund (the "Core Fixed Income Fund") (formerly, Hartford Schroders Sustainable Core Bond Fund) |
Hartford Schroders Diversified Emerging Markets Fund (the "Diversified Emerging Markets Fund") |
Hartford Schroders Diversified Growth Fund (the "Diversified Growth 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 Contrarian Value Fund (the "International Contrarian Value 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 Sustainable International Core Fund (the "Sustainable International Core 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 U.S. 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".
Core Fixed Income Fund acquired all of the assets and liabilities of Schroder Core Bond Fund (the "Predecessor Fund") pursuant to an agreement and plan of reorganization immediately following the close of business on November 12, 2021 (the “reorganization”). All information and references to periods prior to the close of business on November 12, 2021 with respect to the Core Fixed Income Fund refers to the Predecessor Fund.
Classes A, C, R5, Y and F of the International Contrarian Value Fund commenced operations on November 8, 2023. The Diversified Growth Fund commenced operations on September 20, 2023. Each Fund, except Core Fixed Income Fund, Diversified Growth Fund and Sustainable International Core Fund, has registered for sale Class A and Class C shares. Each Fund has registered for sale Class I and Class SDR shares. In addition, each Fund, except China A Fund, Diversified Emerging Markets Fund, Diversified Growth Fund, Sustainable International Core Fund and Tax-Aware Bond Fund, has registered for sale Class R3 and Class R4 shares. Each Fund, except Diversified Growth Fund and Sustainable International Core Fund, has registered for sale Class Y and Class F shares. Class A shares of each Fund that offers Class A shares, except Emerging Markets Multi-Sector Bond 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 C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Class C shares automatically convert to Class A shares of the same Fund after eight years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least eight years. Classes I, R3, R4, R5, Y, F and SDR shares do not have a sales charge. The Emerging Markets Equity Fund is closed to new investors, subject to certain exceptions set forth in the Emerging Markets Equity Fund’s prospectus.
2.
Significant Accounting Policies:
The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
a)
Determination of Net Asset Value – The net asset value ("NAV") of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the "Exchange") (normally 4:00 p.m. Eastern Time) (the "NYSE Close") on each day that the
Notes to Financial Statements – (continued) October 31, 2024
Exchange is open ("Valuation Date"). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV of each class of each Fund's shares is determined by dividing the value of the Fund’s net assets attributable to the class of shares by the number of shares outstanding for that class. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.
b)
Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.
With respect to a Fund's investments that do not have readily available market prices, the Company's Board of Directors (the "Board") has designated Hartford Funds Management Company, LLC (the "Investment Manager" or "HFMC") as its valuation designee to perform fair valuations pursuant to Rule 2a-5 under the 1940 Act (the "Valuation Designee").
If market prices are not readily available or deemed unreliable, the Valuation Designee determines the fair value of the security or other instrument in good faith under policies and procedures approved by and under the supervision of the Board ("Valuation Procedures").
The Valuation Designee has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee (the "Valuation Committee"). The Valuation Committee will consider all available relevant factors in determining an investment’s fair value. The Valuation Designee reports fair value matters to the Audit Committee of the Board.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.
Fixed income investments (other than short-term obligations) and non-exchange traded derivatives held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost, which approximates fair value.
Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange ("Exchange Close"). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, 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.
Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Investments in investment companies that are not listed or traded on an exchange ("Non-Traded Funds"), if any, are valued at the respective NAV of each Non-Traded Fund on the Valuation Date. Such Non-Traded Funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
Notes to Financial Statements – (continued) October 31, 2024
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
•
Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.
•
Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.
•
Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund's Schedule of Investments.
c)
Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.
The trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. The trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.
Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, each 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. Paydown gains and losses on mortgage-related and other asset-backed securities are included in interest income in the Statements of Operations, as applicable.
Idle cash and currency balances may be swept into overnight sweep accounts held in a demand deposit account at State Street Bank and Trust Company ("State Street") that earn interest, which are classified as interest income on the Statements of Operations.
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 each 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.
Notes to Financial Statements – (continued) October 31, 2024
A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.
f)
Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.
g)
Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund's net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.
Orders for the purchase of a Fund's shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.
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, Diversified Emerging Markets Fund, Diversified Growth Fund, Emerging Markets Equity Fund, International Contrarian Value Fund, International Stock Fund, Sustainable International Core 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 Core Fixed 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)
Basis for Consolidation – The Diversified Growth Fund may invest up to 25% of its total assets in a wholly-owned subsidiary of the Diversified Growth Fund (the "Subsidiary"). The Subsidiary is organized under the laws of the Cayman Islands and is consolidated in the Diversified Growth Fund’s financial statements. All intercompany balances, revenues, and expenses have been eliminated in consolidation. The Subsidiary acts as an investment vehicle in order to enter into certain investments (primarily commodities) for the Diversified Growth Fund consistent with the investment objectives and policies specified in the Prospectus and Statement of Additional Information.
3.
Securities and Other Investments:
a)
Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund's Schedule of Investments.
b)
Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of October 31, 2024.
A Fund may enter into to-be announced ("TBA") commitments. TBA commitments are forward agreements for the purchase or sale of mortgage-backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio,
Notes to Financial Statements – (continued) October 31, 2024
the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage-backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. See each Fund's Schedule of Investments, if applicable, for TBA commitments as of October 31, 2024.
c)
Mortgage-Related and Other Asset-Backed Securities – A Fund may invest in mortgage-related and other asset-backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities, stripped mortgage-backed securities, asset-backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage-related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset-backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of prepayments on underlying mortgages will affect the price and volatility of a mortgage-related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage-related securities is guaranteed by the full faith and credit of the United States Government. Mortgage-related and other asset-backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund's Schedule of Investments, if applicable, for mortgage-related and other asset-backed securities as of October 31, 2024.
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, 2024.
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, 2024, each of Diversified Growth Fund, Emerging Markets Multi-Sector Bond Fund, International Contrarian Value Fund and International Multi-Cap Value Fund had used Foreign Currency Contracts.
b)
Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant ("FCM") an
Notes to Financial Statements – (continued) October 31, 2024
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, 2024, each of Core Fixed Income Fund, Diversified Growth Fund, Emerging Markets Multi-Sector Bond Fund and International Multi-Cap Value 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, 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.
Notes to Financial Statements – (continued) October 31, 2024
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, 2024, each of Diversified Growth Fund and Emerging Markets Multi-Sector Bond Fund had used Credit Default Swaps.
Total Return Swap Contracts – Certain Funds may invest in total return swap contracts in pursuit of the Fund's investment objective or for hedging purposes. An investment in a total return swap allows a Fund to gain or mitigate exposure to underlying reference assets. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying reference assets and based on a fixed or variable interest rate. One party receives payments based on the price appreciation or depreciation of the underlying reference asset, in exchange for paying to or receiving from the counterparty seller an agreed-upon interest rate. A variable interest rate may be correlated to a base rate, such as SOFR, and is adjusted each reset period, which is defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.
Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment from or make a payment to the counterparty. If the Fund is a payer in a total return swap, it may be subject to unlimited losses. A Fund is also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund may lose money.
During the year ended October 31, 2024, the Diversified Growth Fund had used Total Return Swap Contracts.
d)
Additional Derivative Instrument Information:
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized appreciation on futures contracts(1) | | | | | | |
| | | | | | |
| | | | | | |
Unrealized depreciation on futures contracts(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, 2024
Core Fixed Income Fund – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on futures contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | | | | | |
| | | | | | |
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Number of Long Contracts | |
Futures Contracts Number of Short Contracts | |
Diversified Growth Fund (Consolidated)
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized appreciation on futures contracts(1) | | | | | | |
Unrealized appreciation on foreign currency contracts | | | | | | |
| | | | | | |
| | | | | | |
Unrealized depreciation on futures contracts(1) | | | | | | |
Unrealized depreciation on foreign currency contracts | | | | | | |
Unrealized depreciation on swap contracts(2) | | | | | | |
| | | | | | |
| 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. |
| 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, is 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, 2024
Diversified Growth Fund (Consolidated) – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on futures contracts | | | | | | |
Net realized gain (loss) on swap contracts | | | | | | |
Net realized gain (loss) on foreign currency contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | | | | | |
Net change in unrealized appreciation (depreciation) of swap contracts | | | | | | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | | | | |
| | | | | | |
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Number of Long Contracts | |
Futures Contracts Number of Short Contracts | |
Swap Contracts at Notional Amount | |
Foreign Currency Contracts Purchased at Contract Amount | |
Foreign Currency Contracts Sold at Contract Amount | |
Emerging Markets Multi-Sector Bond Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized appreciation on foreign currency contracts | | | | | | |
| | | | | | |
| | | | | | |
Unrealized depreciation on foreign currency contracts | | | | | | |
| | | | | | |
Notes to Financial Statements – (continued) October 31, 2024
Emerging Markets Multi-Sector Bond Fund – (continued)
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on futures contracts | | | | | | |
Net realized gain (loss) on swap contracts | | | | | | |
Net realized gain (loss) on foreign currency contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | | | | | |
Net change in unrealized appreciation (depreciation) of swap contracts | | | | | | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | | | | |
| | | | | | |
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Number of Long Contracts | |
Futures Contracts Number of Short Contracts | |
Foreign Currency Contracts Purchased at Contract Amount | |
Foreign Currency Contracts Sold at Contract Amount | |
International Contrarian Value Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized appreciation on foreign currency contracts | | | | | | |
| | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on foreign currency contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | | | | |
| | | | | | |
Notes to Financial Statements – (continued) October 31, 2024
International Contrarian Value Fund – (continued)
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Foreign Currency Contracts Purchased at Contract Amount | |
International Multi-Cap Value Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2024: |
| |
| | | | | | |
| | | | | | |
Unrealized appreciation on foreign currency contracts | | | | | | |
| | | | | | |
| | | | | | |
Unrealized depreciation on foreign currency contracts | | | | | | |
| | | | | | |
The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2024: |
| |
| | | | | | |
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net realized gain (loss) on futures contracts | | | | | | |
Net realized gain (loss) on foreign currency contracts | | | | | | |
| | | | | | |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations: | | | | | | |
Net change in unrealized appreciation (depreciation) of futures contracts | | | | | | |
Net change in unrealized appreciation (depreciation) of foreign currency contracts | | | | | | |
| | | | | | |
For the year ended October 31, 2024, the average monthly amount or number per contract outstanding for each derivative type was as follows:
| Average Notional
Par, Contracts
or Face Amount |
Futures Contracts Number of Long Contracts | |
Foreign Currency Contracts Purchased at Contract Amount | |
Foreign Currency Contracts Sold at Contract Amount | |
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.
Notes to Financial Statements – (continued) October 31, 2024
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, 2024:
| | |
Derivative Financial Instruments: | | |
| | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | |
Diversified Growth Fund (Consolidated) | | |
Derivative Financial Instruments: | | |
Foreign currency contracts | | |
| | |
| | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | |
| | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Received | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Gross Amount
of Liabilities | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Pledged | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Emerging Markets Multi-Sector Bond Fund | | |
Derivative Financial Instruments: | | |
Foreign currency contracts | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | |
Notes to Financial Statements – (continued) October 31, 2024
| | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Received | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Gross Amount
of Liabilities | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Pledged | | |
Bank of America Securities LLC | | | | | |
| | | | | |
| | | | | |
State Street Global Markets LLC | | | | | |
| | | | | |
| | | | | |
International Contrarian Value Fund | | |
Derivative Financial Instruments: | | |
Foreign currency contracts | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | |
| | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Received | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
International Multi-Cap Value Fund | | |
Derivative Financial Instruments: | | |
Foreign currency contracts | | |
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities | | |
Derivatives not subject to a MNA | | |
Total gross amount of assets and liabilities subject to MNA or similar agreements | | |
| | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Received | | |
Bank of America Securities LLC | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
Notes to Financial Statements – (continued) October 31, 2024
| Gross Amount
of Liabilities | Financial
Instruments
and Derivatives
Available
for Offset | Non-cash
Collateral
Pledged | | |
Bank of America Securities LLC | | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
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.
Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage-backed securities, senior floating rate interests and certain asset-backed securities. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.
Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. 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.
As a result of the China A Fund’s focus in China A shares, the China A 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 China A 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 China A Fund. The China A 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 China A 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 China A Fund. Trading through Stock Connect is currently subject to a daily quota, which may restrict the China A Fund’s ability to invest in China A shares through Stock Connect on a timely basis and could affect the China A Fund’s ability to effectively pursue its investment strategy. The risks related to investments in China A shares through Stock Connect are heightened to the
Notes to Financial Statements – (continued) October 31, 2024
extent that the China A Fund invests in China A shares listed on the Science and Technology Innovation Board on the Shanghai stock exchange ("STAR market") and/or the ChiNext market of the Shenzhen stock exchange ("ChiNext market"). Listed companies on the STAR market and ChiNext market are usually of an emerging nature with smaller operating scale. They are subject to higher fluctuation in stock prices and liquidity. It may be more common and faster for companies listed on the STAR market and ChiNext market to delist.
Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. A Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.
Geopolitical events, including the invasion of Ukraine by Russia and conflict between Israel and Hamas, have injected uncertainty into the global financial markets. One or more of the Funds hold positions in securities or other instruments that are economically tied to Russia. Investments in Russia are subject to political, economic, legal, market and currency risks, as well as the risks related to the economic sanctions on Russia imposed by the United States and/or other countries. Such sanctions which affect companies in many sectors, including energy, financial services and defense, among others, have adversely affected and could continue to adversely affect the global energy and financial markets and, thus, have adversely affected and could continue to adversely affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. In addition, certain transactions have or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet redemptions.
Investments in securities of other investment companies are subject to the risks that apply to the other investment companies’ strategies and portfolio holdings. The success of a Fund’s investment in these securities is directly related, in part, to the ability of the other investment companies to meet their investment objectives. In addition, investments in exchange-traded funds (“ETFs”) are subject to the additional risk that shares of the ETF may trade at a premium or discount to their net asset value per share, or may not have an active trading market available. A Fund will indirectly bear a pro rata share of fees and expenses incurred by any investment companies in which the Fund is invested and may be higher or lower depending on the allocation of the Fund’s assets among the investment companies and the actual expenses of the investment companies.
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.
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, 2024. 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"), reclassification of dividend income, RICs, certain derivatives, partnerships, debt modifications, mark-to-market on certain derivatives and the treatment of income from the Subsidiary. 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.
Notes to Financial Statements – (continued) October 31, 2024
c)
Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the year or period ended October 31, 2024 and October 31, 2023 are as follows:
| For the Year Ended
October 31, 2024 | For the Year Ended
October 31, 2023 |
| | | | | | |
| | | | | | |
| | | | | | |
Diversified Emerging Markets Fund | | | | | | |
Diversified Growth Fund (Consolidated)(2) | | | | | | |
Emerging Markets Equity Fund | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | |
International Contrarian Value Fund | | | | | | |
International Multi-Cap Value Fund | | | | | | |
| | | | | | |
Sustainable International Core Fund | | | | | | |
| | | | | | |
US MidCap Opportunities Fund | | | | | | |
US Small Cap Opportunities Fund | | | | | | |
| | | | | | |
| The Funds designate these distributions as long-term capital gains dividends pursuant to IRC Sec 852(b)(3)(c). |
| For the period ended October 31, 2023, the distributions reflect the period September 20, 2023 (commencement of operations) through October 31, 2023. |
As of October 31, 2024, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:
| | Undistributed
Ordinary
Income | Undistributed
Long-Term
Capital Gains | Accumulated
Capital and
Other Losses | Other
Temporary
Differences | Unrealized
Appreciation
(Depreciation)
on Investments | Total
Accumulated
Earnings
(Deficit) |
| | | | | | | |
| | | | | | | |
Diversified Emerging Markets Fund | | | | | | | |
Diversified Growth Fund (Consolidated) | | | | | | | |
Emerging Markets Equity Fund | | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | | |
International Contrarian Value Fund | | | | | | | |
International Multi-Cap Value Fund | | | | | | | |
| | | | | | | |
Sustainable International Core Fund | | | | | | | |
| | | | | | | |
US MidCap Opportunities Fund | | | | | | | |
US Small Cap Opportunities Fund | | | | | | | |
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, earnings and profits distributed to shareholders on the redemption of shares, reclassification of dividend income and subsequent adjustments to wash sales. Adjustments are made to reflect the impact these items have on the current and future earnings distributions to shareholders. Therefore, the source of the Funds' distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2024, the Funds recorded reclassifications to increase (decrease) the accounts listed below:
| | Distributable
Earnings (Loss) |
US MidCap Opportunities Fund | | |
US Small Cap Opportunities Fund | | |
e)
Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period.
Notes to Financial Statements – (continued) October 31, 2024
At October 31, 2024 (tax year end), each Fund's capital loss carryforwards for U.S. federal income tax purposes were as follows:
| Short-Term
Capital Loss
Carryforward with
No Expiration | Long-Term
Capital Loss
Carryforward with
No Expiration |
| | |
| | |
Diversified Emerging Markets Fund | | |
Emerging Markets Equity Fund | | |
Emerging Markets Multi-Sector Bond Fund* | | |
International Multi-Cap Value Fund | | |
| | |
Sustainable International Core Fund | | |
| | |
| Future utilization of losses are subject to limitation under current tax laws. |
During the year ended October 31, 2024, Diversified Emerging Markets Fund utilized $458,751, Emerging Markets Multi-Sector Bond Fund utilized $839,597, International Multi-Cap Value Fund utilized $176,611,370, International Stock Fund utilized $83,501,864, Sustainable International Core Fund utilized $4,096, Tax-Aware Bond Fund utilized $705,393 and US Small Cap Opportunities Fund utilized $2,238,374 of prior year capital loss carryforwards, respectively.
The Diversified Growth Fund, International Contrarian Value Fund, US MidCap Opportunities Fund and US Small Cap Opportunities Fund had no capital loss carryforwards for U.S. federal tax purposes as of October 31, 2024.
f)
Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2024 is different from book purposes primarily due to wash sale loss deferrals, PFIC mark to market adjustments, partnerships, debt modification adjustments and reclassification of dividend income. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals, mark-to-market adjustments on futures, swaps, forwards, PFICs, partnership adjustments, debt modification adjustments, reclassification of dividend income and investment in the Subsidiary. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:
| | Gross Unrealized
Appreciation | Gross Unrealized
(Depreciation) | Net Unrealized
Appreciation
(Depreciation) |
| | | | |
| | | | |
Diversified Emerging Markets Fund | | | | |
Diversified Growth Fund (Consolidated) | | | | |
Emerging Markets Equity Fund | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | |
International Contrarian Value Fund | | | | |
International Multi-Cap Value Fund | | | | |
| | | | |
Sustainable International Core Fund | | | | |
| | | | |
US MidCap Opportunities Fund | | | | |
US Small Cap Opportunities Fund | | | | |
g)
Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, HFMC reviews each Fund’s tax positions for all open tax years. As of October 31, 2024, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for three years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2024, 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. The Company, on behalf of each Fund, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group,
Notes to Financial Statements – (continued) October 31, 2024
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 for each Fund, and, with respect to each of China A Fund, Diversified Emerging Markets Fund, Diversified Growth Fund, Emerging Markets Equity Fund, Emerging Markets Multi-Sector Bond Fund, International Contrarian Value Fund, International Multi-Cap Value Fund, International Stock Fund, Sustainable International Core Fund, and Tax-Aware Bond Fund, SIMNA may allocate assets to or from SIMNA Ltd., an affiliate of SIMNA, in connection with the daily investment of the assets for each of these Funds. Each Fund pays a fee to HFMC. HFMC pays a sub-advisory fee to SIMNA out of its management fee. SIMNA pays the sub-sub-advisory fees to SIMNA Ltd.
b)
The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2024; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
| |
| 0.9000% on first $1 billion and; |
| |
| 0.3200% on first $500 million and; |
| 0.3000% on next $500 million and; |
| |
Diversified Emerging Markets Fund | 0.8400% on first $1 billion and; |
| |
Diversified Growth Fund (Excluding assets invested in any mutual fund or exchange-traded fund for which the Investment Manager or its affiliates serves as investment manager (“Affiliated Funds”))(1) | 0.5500% on first $1 billion and; |
| |
Diversified Growth Fund (Invested in Affiliated Funds) | 0.0000% on all assets invested in Affiliated Funds |
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; |
| |
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; |
| |
International Contrarian Value Fund | 0.6500% on first $1 billion and; |
| |
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% on first $1 billion and; |
| 0.6500% on next $4 billion and; |
| 0.6450% on next $5 billion and; |
| |
Sustainable International Core Fund | 0.6500% on first $1 billion and; |
| |
| 0.4500% on first $1 billion and; |
| 0.4300% on next $4 billion and; |
| 0.4250% on next $5 billion and; |
| |
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; |
| |
Notes to Financial Statements – (continued) October 31, 2024
| |
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; |
| |
(1) HFMC has contractually agreed to waive a portion of the management fee in an amount equal to the management fee paid to it by the Diversified Growth Fund’s Subsidiary. This waiver will remain in effect for as long as the Diversified Growth Fund remains invested in the Subsidiary.
c)
Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of each Fund, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street. In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. The fund accounting fee for each Fund is equal to the greater of: (A) the sum of (i) the sub-accounting fee payable by HFMC with respect to the Fund; (ii) the fee payable for tax preparation services for the Fund; and (iii) the amount of expenses that HFMC allocates for providing the fund accounting services to the Fund; plus a target profit margin; or (B) $40,000 per year; provided, however, that to the extent the annual amount of the fund accounting fee exceeds 0.02% of the Fund’s average net assets (calculated during its current fiscal year), HFMC shall waive such portion of the fund accounting fee.
d)
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, 2024, HFMC contractually agreed to limit the total annual fund operating expenses exclusive of the expenses set forth in the footnotes below, to the extent necessary to limit total annual fund operating expenses as follows until February 28, 2025 (unless the Board of Directors approves its earlier termination):
| Expense Limit as a Percentage of Average Daily Net Assets |
| | | | | | | | | |
| | | | | | | | | |
Core Fixed Income Fund(1) | | | | | | | | | |
Diversified Emerging Markets Fund(1) | | | | | | | | | |
Diversified Growth Fund (Consolidated)(2) | | | | | | | | | |
Emerging Markets Multi-Sector Bond Fund(1) | | | | | | | | | |
International Contrarian Value Fund(1) | | | | | | | | | |
Sustainable International Core Fund(1) | | | | | | | | | |
| | | | | | | | | |
US Small Cap Opportunities Fund(1) | | | | | | | | | |
| HFMC has contractually agreed to reimburse expenses excluding taxes, interest expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses. |
| HFMC has contractually agreed to reimburse expenses excluding taxes, interest expenses, brokerage commissions, acquired fund fees and expenses resulting from the Fund’s investments in investment companies other than Affiliated Funds, and extraordinary expenses. |
From November 1, 2023 through February 29, 2024, 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) as follows for the following Fund:
Notes to Financial Statements – (continued) October 31, 2024
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, 2024, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:
| | Contingent Deferred
Sales Charges |
| | |
Diversified Emerging Markets Fund | | |
Emerging Markets Equity Fund | | |
Emerging Markets Multi-Sector Bond Fund | | |
International Contrarian Value Fund | | |
International Multi-Cap Value Fund | | |
| | |
| | |
US MidCap Opportunities Fund | | |
US Small Cap Opportunities Fund | | |
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 Statements of Operations.
f)
Remuneration Paid to Directors, Officers, and others – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2024, a portion of the Company’s Chief Compliance Officer’s ("CCO") compensation was paid by each Fund, which is included on the Statement of Operations as Chief Compliance Officer fees.
g)
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 SS&C GIDS, Inc. ("SS&C") (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and SS&C (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.
| Specified Amount
(as a percentage
average daily
net assets) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Notes to Financial Statements – (continued) October 31, 2024
Effective March 1, 2024, HASCO has contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class A shares of the Emerging Markets Equity Fund to 0.140%. This contractual arrangement will remain in effect until February 28, 2025, unless the Board of Directors approves its earlier termination.
Effective July 1, 2024, HASCO has contractually agreed to waive its transfer agency fee and/or reimburse transfer agency-related expenses to the extent necessary to limit the transfer agency fee for Class I shares of the Funds listed below until February 28, 2025, unless the Board of Directors approves its earlier termination as follows:
| |
| |
US MidCap Opportunities Fund | |
| |
Pursuant to a sub-transfer agency agreement between HASCO and SS&C, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to SS&C. Each Fund does not pay any fee directly to SS&C; rather, HASCO makes all such payments to SS&C. 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, 2024, 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:
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
Diversified Emerging Markets Fund | | | | | | | | | |
Diversified Growth Fund (Consolidated) | | | | | | | | | |
Emerging Markets Equity Fund | | | | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | | | | |
International Contrarian Value Fund | | | | | | | | | |
International Multi-Cap Value Fund | | | | | | | | | |
| | | | | | | | | |
Sustainable International Core Fund | | | | | | | | | |
| | | | | | | | | |
US MidCap Opportunities Fund | | | | | | | | | |
US Small Cap Opportunities Fund | | | | | | | | | |
| Percentage rounds to zero. |
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. A Fund may lend portfolio securities, provided that the borrower provides collateral that is maintained in an amount at least equal to the current market value of the securities loaned. Cash collateral is invested for the benefit of a Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned. The contractual maturities of the securities lending transactions are considered overnight and continuous. The China A Fund does not currently engage in securities lending.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective; and (vii) operational risks (i.e., the risk of losses resulting from problems in the settlement and accounting process especially so in certain international markets). These events could also trigger adverse tax consequences for a Fund.
A Fund retains loan fees and the interest on cash collateral investments but is required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the applicable Fund). Upon termination of a loan, a Fund is required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.
Notes to Financial Statements – (continued) October 31, 2024
The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. A Fund also receives payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.
The following table presents for each Fund that lends its portfolio securities the market value of the securities on loan and the cash and non-cash collateral posted by the borrower as of October 31, 2024.
| Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities | | |
| | | |
Diversified Emerging Markets Fund | | | |
Diversified Growth Fund (Consolidated) | | | |
Emerging Markets Equity Fund | | | |
Emerging Markets Multi-Sector Bond Fund | | | |
International Contrarian Value Fund | | | |
International Multi-Cap Value Fund | | | |
| | | |
Sustainable International Core Fund | | | |
| | | |
US MidCap Opportunities Fund | | | |
US Small Cap Opportunities Fund | | | |
| It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract due to timing. Pursuant to the lending agreement, the borrower will provide collateral in an amount at least equal to the current market value of securities loaned. |
As of October 31, 2024, affiliates of The Hartford had ownership of shares in certain Funds as follows:
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
Diversified Emerging Markets Fund | | | | | | | | | |
Diversified Growth Fund (Consolidated) | | | | | | | | | |
Emerging Markets Equity Fund | | | | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | | | | |
International Contrarian Value Fund | | | | | | | | | |
Sustainable International Core Fund | | | | | | | | | |
| | | | | | | | | |
US MidCap Opportunities Fund | | | | | | | | | |
US Small Cap Opportunities Fund | | | | | | | | | |
| Percentage rounds to zero. |
Percentage of Fund by Class: | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
Diversified Emerging Markets Fund | | | | | | | | | |
Diversified Growth Fund (Consolidated) | | | | | | | | | |
Emerging Markets Equity Fund | | | | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | | | | |
International Contrarian Value Fund | | | | | | | | | |
Sustainable International Core Fund | | | | | | | | | |
| | | | | | | | | |
US MidCap Opportunities Fund | | | | | | | | | |
US Small Cap Opportunities Fund | | | | | | | | | |
| Percentage rounds to zero. |
Notes to Financial Statements – (continued) October 31, 2024
As of October 31, 2024, affiliated funds of funds and the 529 plan for which HFMC serves as the program manager (the "529 plan") in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares as a result of purchase and sale activity from these affiliated funds of funds and the 529 plan. Affiliated funds of funds and the 529 plan owned shares in the Funds listed below as follows:
| |
| |
Emerging Markets Equity Fund | |
International Multi-Cap Value Fund | |
| As of October 31, 2024, affiliated funds of funds and the 529 plan were invested in Class F shares. |
10.
Beneficial Fund Ownership:
As of October 31, 2024, to the knowledge of a Fund, Hartford Funds Management Company, LLC and Schroder US Holdings, Inc. beneficially held more than 25% of the shares outstanding of the following Funds:
| | |
Diversified Emerging Markets Fund | Schroder US Holdings, Inc | |
Hartford Funds Management Company, LLC | |
International Contrarian Value Fund | Schroder US Holdings, Inc | |
Hartford Funds Management Company, LLC | |
Sustainable International Core Fund | Schroder US Holdings, Inc | |
Hartford Funds Management Company, LLC | |
11.
Significant Shareholder Concentration:
As of October 31, 2024, one shareholder owns greater than 75% of the Diversified Growth Fund. The Diversified Growth Fund may experience adverse effects when such large shareholder redeems or purchases large amounts of shares of the Diversified Growth Fund. Such redemptions may cause the Diversified Growth Fund to sell securities at times when it would not otherwise do so, which may negatively impact the Diversified Growth Fund’s performance and liquidity. Similarly, large purchases may adversely affect the Diversified Growth Fund’s performance to the extent that the Diversified Growth Fund is delayed in investing new cash and is required to maintain a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs.
12.
Investment Transactions:
For the year ended October 31, 2024, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
| 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 | | |
| | | | | | |
| | | | | | |
Diversified Emerging Markets Fund | | | | | | |
Diversified Growth Fund (Consolidated) | | | | | | |
Emerging Markets Equity Fund | | | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | | | |
International Contrarian Value Fund | | | | | | |
International Multi-Cap Value Fund | | | | | | |
| | | | | | |
Sustainable International Core Fund | | | | | | |
| | | | | | |
US MidCap Opportunities Fund | | | | | | |
US Small Cap Opportunities Fund | | | | | | |
Notes to Financial Statements – (continued) October 31, 2024
13.
Capital Share Transactions:
The following information is for the year ended October 31, 2024 and the year or period ended October 31, 2023:
| For the Year Ended
October 31, 2024 | For the Year or Period Ended
October 31, 2023 |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Diversified Emerging Markets Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Diversified Growth Fund (Consolidated)(1) | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
Emerging Markets Equity Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Emerging Markets Multi-Sector Bond Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
International Contrarian Value Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
International Multi-Cap Value Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Sustainable International Core Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
US MidCap Opportunities Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
US Small Cap Opportunities Fund | | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Notes to Financial Statements – (continued) October 31, 2024
| For the Year Ended October 31, 2024 | For the Year or Period Ended October 31, 2023 |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Shares Issued for Reinvested Dividends | | | | |
| | | | |
| | | | |
Total Net Increase (Decrease) | | | | |
| Diversified Growth Fund commenced operations on September 20, 2023. |
| Classes A, C, R5, Y and F of the International Contrarian Value Fund commenced operations on November 8, 2023. |
Each Fund participates in a committed line of credit pursuant to a credit agreement dated February 29, 2024. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges certain fees, such as a commitment fee. From November 1, 2023 through February 29, 2024, each Fund (together with certain other Hartford Funds), except Diversified Growth Fund, had a similar agreement that enabled them to participate in a $350 million committed line of credit. The fees incurred by the Funds in connection with the committed lines of credit during the period appear in the Statements of Operations under “Other expenses.” During and as of the year ended October 31, 2024, none of the Funds had borrowings under these facilities.
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.
16.
Recent Accounting Pronouncement:
In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-07 (“ASU 2023-07”), “Segment Reporting (“Topic 280”). ASU 2023-07 clarifies the guidance in Topic 280, which requires public entities to provide disclosures of significant segment expenses and other segment items. The guidance requires public entities to provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually and also applies to public entities with a single reportable segment. Entities are permitted to disclose more than one measure of a segment’s profit or loss if such measures are used by the Chief Operating Decision Maker to allocate resources and assess performance, as long as at least one of those measures is determined in a way that is most consistent with the measurement principles used to measure the corresponding amounts in the consolidated financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Management is currently evaluating the implications, if any, of the additional requirements and their impact on the Funds' financial statements.
In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2024, events and transactions subsequent to October 31, 2024, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.
Notes to Financial Statements – (continued) October 31, 2024
Effective November 1, 2024, HFMC has contractually agreed to reimburse expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to limit total annual fund operating expenses for the Emerging Markets Multi-Sector Bond Fund as follows: 0.90% (Class A), 1.70% (Class C), 0.60% (Class I), 1.17% (Class R3), 0.87% (Class R4), 0.57% (Class R5), 0.55% (Class Y), 0.45% (Class F), and 0.45% (Class SDR). This contractual arrangement will remain in effect until February 28, 2026 unless the Board of Directors of The Hartford Mutual Funds II, Inc. approves its earlier termination.
Effective November 1, 2024, the management fee of HFMC set forth in the investment management agreement with respect to the Emerging Markets Multi-Sector Bond Fund will be as follows: 0.4000% of the first $1 billion; and 0.3900% in excess of $1 billion annually of the Emerging Markets Multi-Sector Bond Fund’s average daily net assets.
Effective November 27, 2024, the management fee of HFMC set forth in the investment management agreement with respect to the Emerging Markets Equity Fund will be as follows: 0.9500% of the first $1 billion; 0.9000% of the next $4 billion; 0.8900% of the next $5 billion; and 0.8850% in excess of $10 billion annually of the Emerging Markets Equity Fund’s average daily net assets.
Effective November 27, 2024, Emerging Markets Equity Fund’s contractual arrangement that limits the amount of the transfer agency fee applicable to the Fund’s Class A shares will terminate.
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 Core Fixed Income Fund, Hartford Schroders Diversified Emerging Markets Fund, Hartford Schroders Diversified Growth Fund, Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders International Contrarian Value Fund, Hartford Schroders International Multi-Cap Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Sustainable International Core 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 (thirteen of the funds constituting The Hartford Mutual Funds II, Inc., hereafter collectively referred to as the "Funds") as of October 31, 2024, and the related statements of operations and changes in net assets 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, 2024, the results of each of their operations and the changes in each of their net assets, 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.
|
Hartford Schroders China A Fund(1) |
Hartford Schroders Core Fixed Income Fund(2) |
Hartford Schroders Diversified Emerging Markets Fund(1) |
Hartford Schroders Diversified Growth Fund(3) |
Hartford Schroders Emerging Markets Equity Fund(1) |
Hartford Schroders Emerging Markets Multi-Sector Bond Fund(1) |
Hartford Schroders International Contrarian Value Fund(1) |
Hartford Schroders International Multi-Cap Value Fund(1) |
Hartford Schroders International Stock Fund(1) |
Hartford Schroders Sustainable International Core Fund(1) |
Hartford Schroders Tax-Aware Bond Fund(1) |
Hartford Schroders US MidCap Opportunities Fund(1) |
Hartford Schroders US Small Cap Opportunities Fund(1) |
| Statement of assets and liabilities, including the schedule of investments, as of October 31, 2024, the related statement of operations for the year ended October 31, 2024, the statements of changes in net assets for each of the two years in the period ended October 31, 2024 and the financial highlights for each of the periods indicated therein. |
| Statement of assets and liabilities, including the schedule of investments, as of October 31, 2024, the related statement of operations for the year ended October 31, 2024 and the statements of changes in net assets and the financial highlights for each of the two years in the period ended October 31, 2024. |
| Consolidated statement of assets and liabilities, including the consolidated schedule of investments, as of October 31, 2024, the related consolidated statement of operations for year ended October 31, 2024 and the consolidated statements of changes in net assets and the consolidated financial highlights for the year ended October 31, 2024 and for the period September 20, 2023 (commencement of operations) through October 31, 2023. |
The financial statements of Hartford Schroders Core Fixed Income Fund as of and for the year ended October 31, 2022 and the financial highlights for the years or periods ended October 31, 2022 and October 31, 2021 (not presented herein, other than the financial highlights) were audited by other auditors whose report dated December 27, 2022 expressed an unqualified opinion on those financial statements and financial highlights. The financial statements of Hartford Schroders Core Fixed Income Fund as of and for the year ended October 31, 2020 and the financial highlights for the year or period then ended (not presented herein, other than the financial highlights) were audited by other auditors whose report dated December 29, 2020 expressed an unqualified opinion on those financial statements and financial highlights.
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.
Report of Independent Registered Public Accounting Firm
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, 2024 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 26, 2024
We have served as the auditor of one or more investment companies in the Hartford Funds group of investment companies since 2020.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable. There were no changes in or disagreements with accountants during the period.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable. There were no matters submitted to a vote of shareholders during the period.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The response to this item is included under Item 7 of this form.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)
The Hartford Mutual Funds II, Inc.
Hartford Schroders China A Fund
Hartford Schroders Core Fixed Income Fund (formerly, Hartford Schroders Sustainable Core Bond Fund)
Hartford Schroders Diversified Emerging Markets Fund
Hartford Schroders Diversified Growth Fund
Hartford Schroders Emerging Markets Equity Fund
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
Hartford Schroders International Contrarian Value Fund
Hartford Schroders International Multi-Cap Value Fund
Hartford Schroders International Stock Fund
Hartford Schroders Sustainable International Core 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”)
The Hartford Schroders Core Fixed Income Fund is the successor to a corresponding series of Schroder Series Trust (the “Predecessor Fund”), pursuant to a reorganization consummated on November 12, 2021.
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 September 11-12, 2024, the Board of Directors (the “Board”) of The Hartford Mutual Funds II, Inc. (“HMF II”), including 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 each of the Funds, and The Hartford Mutual Funds, Inc. (“HMF”), on behalf of each 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.”) with respect to each Fund; and (iii) the continuation of a separate sub-sub-advisory agreement (the “Sub-Sub-Advisory Agreement” and together 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 together with HFMC, the “Advisers”) with respect to Hartford Schroders China A Fund, Hartford Schroders Diversified Emerging Markets Fund, Hartford Schroders Diversified Growth Fund, Hartford Schroders Emerging Markets Equity Fund, Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Hartford Schroders International Contrarian Value Fund, Hartford Schroders International Stock Fund, Hartford Schroders Sustainable International Core 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 September 11-12, 2024 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 11, 2024 and September 11-12, 2024. 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 11, 2024 and September 11-12, 2024 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 23, 2024 concerning Fund-by-Fund performance and other investment-related matters.
The Independent Directors engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, total expense ratios and investment performance compared to those of an appropriate group of investment companies selected by Broadridge.
The Independent Directors also engaged an independent consultant (the “Consultant”) to assist them in evaluating each Fund’s fees and expenses.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds and the Independent Directors were also separately assisted by independent legal counsel. In connection with their deliberations, the Independent Directors met separately with independent legal counsel and the Consultant on June 7, 2024 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 7, 2024 and June 11, 2024 meetings, the Independent Directors presented HFMC and its affiliates with requests for additional information on certain topics. HFMC responded to these requests with additional information in connection with the September 11-12, 2024 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.
Nature, Extent and Quality of Services Provided by the Advisers
The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board reviewed information about each Adviser’s compliance policies and procedures and compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, including the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ risk management programs, as well as the efforts of the Advisers to address cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate.
With respect to HFMC, the Board noted that, under the Management Agreement, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of investment advisory and administrative services in connection with selecting, monitoring and supervising the Sub-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 ongoing oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of 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. The Board considered HFMC’s oversight of the securities lending program for the Funds that engage in securities lending and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts, if any, managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s overall strategic plan for, and ongoing commitment to review and re-assess, the Hartford funds product line-up. The Board 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.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
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, each 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 each Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds and HFMC’s oversight of these practices.
The Board considered the benefits to shareholders of 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 either an exchange-traded fund or a closed-end fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are either an exchange-traded fund or a closed-end 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, as applicable, the Sub-advisers.
Performance of each Fund and the Advisers
The Board considered the investment performance of each Fund, which included the performance of the Predecessor Fund with respect to the Hartford Schroders Core Fixed Income Fund. The Board noted that the Predecessor Fund had been advised by SIMNA Inc. and sub-advised by SIMNA Ltd. In this regard, the Board reviewed the performance of each Fund over different time periods and evaluated HFMC’s analysis of each Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board 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 HFMC’s Investment Advisory Group the reasons for such performance as well as any specific actions that the Advisers had taken, or had agreed to take, to seek to enhance Fund investment performance and the results of those actions. The Board also considered information provided by the Consultant relating to each Fund’s performance track record.
Based on these considerations, the Board concluded that it had continued confidence in HFMC’s and 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 investment 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
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
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 that the Independent Directors’ prior independent consultant had previously reviewed the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreement, including a description of the methodology used to allocate certain expenses. The Board noted that the prior independent consultant previously reported that such process is reasonable, sound and consistent with common industry practice. The Board noted that HFMC’s process for calculating and reporting Fund profitability is consistent with the process previously reviewed by the prior independent consultant.
Based on these considerations, the Board concluded that the profits realized by HFMC and its affiliates from their relationships with each Fund were not excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered comparative information with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to 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. For details regarding each Fund’s fees and expenses, see the Fund-by-Fund synopsis below.
The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the independent analysis and views of the Consultant regarding each Fund’s fees and total operating expenses in the context of the Fund’s investment performance.
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 any 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 a 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.
The Board considered information regarding economies of scale, including the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that 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
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses of the Hartford funds in recent years, which has resulted in benefits being realized by shareholders. The Board also noted that, for each of Hartford Schroders China A Fund, Hartford Schroders Core Fixed Income Fund, and Hartford Schroders Emerging Markets Multi-Sector Bond Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale. The Board considered HFMC’s assessment of the low asset levels for each of Hartford Schroders China A Fund, Hartford Schroders Core Fixed Income Fund, and Hartford Schroders Emerging Markets Multi-Sector Bond Fund.
The Board reviewed and evaluated materials from Broadridge 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 and Broadridge, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.
After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale, if any, would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.
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 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 available industry data about fees charged by transfer agents to other mutual funds. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers, subject to oversight.
The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares. The Board considered that HFD has entered into an agreement with SIMNA Inc. and SEI Trust Company to provide certain marketing support services in connection with certain collective investment trust vehicles managed by the Sub-advisers. 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 investment strategy models offered by SIMNA Inc. through its managed account platforms.
For purposes of evaluating a Fund’s performance, the Board considered the Fund’s performance relative to similarly managed funds and the Fund’s performance relative to its benchmark. In particular, the Board considered the Fund’s performance of its Class A shares (net of all fees and expenses), except for Hartford Schroders Core Fixed Income Fund, Hartford Schroders Diversified Growth Fund and Hartford Schroders Sustainable International Core Fund, for which the Board considered the Fund’s performance of its Class I shares (net of all fees and expenses), as of March 31, 2024, and compared that performance to the Fund’s peer universe, which includes all funds within the same classification or category, as determined by Broadridge. The Board considered the Fund’s performance relative to its peer universe by evaluating its quintile ranking, with the 1st quintile representing the top performing funds within a peer universe and the 5th quintile representing the lowest performing funds. For purposes of evaluating the Fund’s performance relative to its benchmark, the Board considered the Fund’s performance of its Class I shares (net of all fees and expenses)
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
as of March 31, 2024. The Board considered Fund performance to be “in line with” a Fund’s benchmark where it was 50 basis points above or below the benchmark return. With respect to fees and expenses, the Board considered the Fund’s contractual management fee, actual management fee, and total operating expenses of its Class A shares, except for Hartford Schroders Core Fixed Income Fund, Hartford Schroders Diversified Growth Fund and Hartford Schroders Sustainable International Core Fund, for which the Board considered the Fund’s total operating expenses of its Class I shares, as compared to the Fund’s expense peer group, which includes a group of similarly sized funds selected by Broadridge.
Hartford Schroders China A Fund
•
The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1-year period and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods.
•
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 1st quintile of its expense group. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders Core Fixed Income Fund
•
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.
•
The Board noted that the Fund’s contractual management fee and actual management fee were in the 1st quintile, while its total expenses were in the 4th quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders Diversified Emerging Markets Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.
•
The Board noted that the Fund’s contractual management fee and total expenses were in the 2nd quintile of its expense group, while its actual management fee was in the 1st quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders Diversified Growth Fund
•
The Board noted that because the Fund recently commenced operations, the Fund did not have meaningful performance history. 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 were in the 1st quintile of its expense group. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders Emerging Markets Equity Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- 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 were in the 4th quintile of its expense group. The Board also noted that HASCO had contractually agreed to limit its transfer agency fee for Class A shares of the Fund.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
Hartford Schroders Emerging Markets Multi-Sector Bond Fund
•
The Board noted that the Fund’s performance was in the 2nd quintile versus its peer 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 below its benchmark for the 5-year period.
•
The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee was in the 1st quintile and its total expenses were in the 4th quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders International Contrarian Value Fund
•
The Board noted that the Fund’s since inception performance for Class A shares, which commenced operations on November 8, 2023, was in the 5th quintile versus its peer universe. The Board also noted that the Fund’s performance for Class I shares, which commenced operations on May 24, 2022, was below its benchmark for the 1-year period. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.
•
The Board noted that the Fund’s contractual management fee and actual management fee were in the 1st quintile of its expense group, while its total expenses were in the 2nd quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders International Multi-Cap Value Fund
•
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1-year period and the 4th quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its benchmark for the 1- and 5-year periods and above its benchmark for the 3-year period.
•
The Board noted that the Fund’s contractual management fee and total expenses were in the 2nd quintile of its expense group, while its actual management fee was in the 3rd quintile.
Hartford Schroders International Stock Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, in line its benchmark for the 3-year period, and above its benchmark for the 5-year period.
•
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 2nd quintile of its expense group.
Hartford Schroders Sustainable International Core Fund
•
The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period. The Board noted upcoming changes to the Fund’s portfolio management team. The Board also noted that certain changes had recently been made to the Fund’s principal investment strategy.
•
The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 1st quintile and its total expenses were in the 3rd quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders Tax-Aware Bond Fund
•
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)
•
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 were in the 1st quintile. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Hartford Schroders US MidCap Opportunities Fund
•
The Board noted that the Fund’s performance was in the 2nd quintile versus its peer universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, above its benchmark for the 3-year period, and in line with 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 was in the 4th quintile and its total expenses were in the 3rd quintile.
Hartford Schroders US Small Cap Opportunities Fund
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The Board noted that the Fund’s performance was in the 5th quintile versus its peer 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 below its benchmark for the 1-year period, above its benchmark for the 3-year period, and in line with its benchmark for the 5-year period.
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The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 4th quintile of its expense group. The Board also noted that HFMC had contractually agreed to limit the expenses (exclusive of certain specified expenses) for the Fund.
Based upon the review of the factors summarized above, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.
Index Glossary for Indices Included in the Annual Shareholder Reports (Unaudited)
Bloomberg Global Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities from both developed and emerging markets issuers. |
Bloomberg Municipal Bond Index (reflects no deduction for fees, expenses or taxes) is designed to cover the USD-denominated long-term tax-exempt bond market. |
Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities that cover the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. |
ICE BofA US 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date. |
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 US dollar and local currency denominated sovereign, quasi-sovereign and corporate bonds in equal proportion. |
MSCI ACWI Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities across developed markets and emerging markets countries. |
MSCI ACWI ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities across developed markets (excluding the US) and emerging market countries. |
MSCI ACWI ex USA Value Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities exhibiting overall value style characteristics across developed (excluding the US) and emerging markets 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 securities across China securities listed on the Shanghai and Shenzhen exchanges. The index covers only those securities that are accessible through “Stock Connect”. |
MSCI China All Shares 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 A-shares, B-shares, H-shares, Red-chips, P-chips and foreign listings (e.g. ADRs). The index aims to reflect the opportunity set of China share classes listed in Hong Kong, Shanghai, Shenzhen and outside of China. |
MSCI EAFE Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities across developed market countries, excluding the US and Canada. |
MSCI EAFE 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 market countries, excluding the US and Canada. |
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 securities 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 US-domiciled company common stocks based on a combination of their market capitalization and current index membership. |
Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest US companies based on total market capitalization. |
Russell Midcap Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap segment of the US 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. |
Additional Information Regarding Bloomberg Index(es). “Bloomberg®” and the above referenced Bloomberg index(es) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”), and have been licensed for use for certain purposes by Hartford Funds Management Company, LLC ("HFMC"). The Funds are not sponsored, endorsed, sold or promoted by Bloomberg. Bloomberg does not make any representation or warranty, express or implied, to the owners of or counterparties to the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly. The only relationship of Bloomberg to HFMC is the licensing of certain trademarks, trade names and service marks and of the above referenced Bloomberg index(es), which is determined, composed and calculated by BISL without regard to HFMC or the Funds. Bloomberg has no obligation to take the needs of HFMC or the owners of the Funds into consideration in determining, composing or calculating the |
Index Glossary for Indices Included in the Annual Shareholder Reports (Unaudited) – (continued)
above referenced Bloomberg index(es). Bloomberg is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Funds to be issued. Bloomberg shall not have any obligation or liability, including, without limitation, to the Funds' customers, in connection with the administration, marketing or trading of the Funds. |
BLOOMBERG DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. BLOOMBERG DOES NOT MAKE ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY HFMC, OWNERS OF THE FUNDS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO. BLOOMBERG DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS, AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES --WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE --ARISING IN CONNECTION WITH THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA OR VALUES RELATING THERETO --WHETHER ARISING FROM THEIR NEGLIGENCE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. |
Additional Information Regarding MSCI Indices.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent. |
Additional Information Regarding Blended Benchmarks that Include an MSCI Index. The blended returns are calculated by HFMC and include, among other index provider data, end of day index level values licensed from MSCI (“MSCI Data”). For the avoidance of doubt, MSCI is not the benchmark “administrator” for, or a “contributor”, “submitter” or “supervised contributor” to, the blended returns, and the MSCI Data is not considered a “contribution” or “submission” in relation to the blended returns, as those terms may be defined in any rules, laws, regulations, legislation or international standards. MSCI Data is provided “AS IS” without warranty or liability and no copying or |
distribution is permitted. MSCI does not make any representation regarding the advisability of any investment or strategy and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment or strategy, including any financial products or strategies based on, tracking or otherwise utilizing any MSCI Data, models, analytics or other materials or information. |
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses. This and other important information is contained in the Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC.
MFAR-HSE24 12/24 Printed in the U.S.A.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 16. Controls and Procedures.
| | (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| | (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. 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 6, 2025 | | | | By: | | /s/ Gregory A. Frost |
| | | | | | Gregory A. Frost |
| | | | | | 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 6, 2025 | | | | By: | | /s/ Gregory A. Frost |
| | | | | | Gregory A. Frost |
| | | | | | President and Chief Executive Officer |
| | | | | | |
| Date: January 6, 2025 | | | | By: | | /s/ Ankit Puri |
| | | | | | Ankit Puri |
| | | | | | Treasurer |
| | | | | | (Principal Financial Officer and Principal Accounting Officer) |
